Authored by John Rubino via Substack, via www.zerohedge.com
Most people (especially most Americans) still seem to view the events of the past half-century as more or less random.
Booms and busts erupting out of nowhere, impoverishing all but a handful of lucky elites. Political crises that end up dividing rather than uniting. Wars that cost fortunes and resolve nothing. Everything is bad, and nothing is related to anything else.
But of course that’s not true. Each of the above events serves the same purpose: to enrich a modern aristocracy at the expense of everyone else. And the endgame is looking even worse.
To see the scam play out, let’s go back to 1995. Two decades previously, in 1971, the US and by extension the world had ditched sound, gold-backed money in favor of “fiat” currencies that their governments, via their central banks, could create in infinite quantities out of thin air. The result was spiking inflation and exchange rate chaos in the 1970s and soaring government deficits in the 1980s.
By the 1990s it had become clear to the people running major governments and big corporations that unsound money would lead to unsustainable debt, which in turn would destabilize the financial world and bring about a hyperinflationary depression followed by a French Revolution-style reckoning for those responsible.
That generation’s elites were thus left with two choices:
- Return to the gold standard and avoid monetary collapse — but at the cost of giving up the ability to create money at will.
- Or use their fictitious currencies to steal as much real wealth as possible from the peasants and let future elites deal with the eventual collapse.
They, as the sociopaths we now know them to be, chose the second strategy.