Expecting It, Surplus Energy Economics, Why are we surprised by the inevitable? A narrative shared by government, business and, for the most part, the general public – is that the economy will carry on growing as we shift from climate-harming fossil fuels to cleaner alternatives such as wind and solar power
The US has been able to print money for 70 years with much less inflationary impact because the whole world is sopping up dollars to use in ever-expanding international trade. But the dollar is losing its status as Global Reserve Currency, as ever-expanding BRICS are trading among themselves. The result will inevitably be that a flood of dollars, held in foreign accounts, comes back to the US, causing uncontrollable inflation. Soon.
This is the reason that International Monetary Fund wants to transition everyone out of dollars, into a new CBDC that they control. We can't let them. It's too much power to be in one place. If all our transactions are digital and one (unelected) group is in charge of the ledger, they can just choke the assets of anyone who rubs them the wrong way.
Solutions to this are cash and blockchain digital currencies (where no one institution controls the ledger).
As people never like to let go of power and this rapid rate of change is incredibly threatening to the existing power structure, governments around the world have become willing to violate their own laws to secretly pressure the tech companies to censor anything which threatens their power.
https://www.zerohedge.com/markets/imf-prepares-financial-revolution-say-goodbye-dollar
Gist of the ZeroHedge article:
The US has been able to print money for 70 years with much less inflationary impact because the whole world is sopping up dollars to use in ever-expanding international trade. But the dollar is losing its status as Global Reserve Currency, as ever-expanding BRICS are trading among themselves. The result will inevitably be that a flood of dollars, held in foreign accounts, comes back to the US, causing uncontrollable inflation. Soon.
This is the reason that International Monetary Fund wants to transition everyone out of dollars, into a new CBDC that they control. We can't let them. It's too much power to be in one place. If all our transactions are digital and one (unelected) group is in charge of the ledger, they can just choke the assets of anyone who rubs them the wrong way.
Solutions to this are cash and blockchain digital currencies (where no one institution controls the ledger).
A prodigious post, John, and much appreciated. The gestalt overwhelms as it enriches the reader, however dire the matters being discussed.
I will be processing this for a while. Just wanted to add to the silence here.
We are reading and thinking, so much so there is not much to say.
As people never like to let go of power and this rapid rate of change is incredibly threatening to the existing power structure, governments around the world have become willing to violate their own laws to secretly pressure the tech companies to censor anything which threatens their power.
https://www.semiotexte.com/pure-war