The Simon Lectures. Series I, Part 1.
Originally published on greatawakening.win, 2022 July 30.
Introduction.
I know that everyone is confused. Not just confused, disoriented. And not just disoriented, positively afflicted with vertigo. Excruciating vertigo. The kind where the room spins at the same time you float around it. And if you dare to open your eyes, you see: a stolen election; broken borders; a rising China; The Great Reset.
You don’t know what the hell is going on, and you want off this ride before you puke.
I can’t help you with the nausea. Frankly, I’m little nauseous too. But I can tell you what’s going on. I can explain it all.
And that’s what The Simon Lectures are all about. Take them or leave them as you please.
-simon_says
Series I, Part 1.
First off, let’s take a quick look at our money supply. I’m a United States citizen. If I say “our” money supply or “our” stock market or “our” debt and so on, I mean the money supply of the United States, the equities markets in the United States (NYSE, NASDAQ, etc.), and the debt of the United States federal government. I know this board is frequented by participants throughout the world. Pardon my parochialism.
The first thing to recognize is that our aggregate money supply totals about $21.7T ($21.7 Trillion United States Dollars). I’m talking about all the money in the whole system. Greenbacks. Savings deposits. Other demand deposits. Traveler’s checks. Money market deposit accounts. Retail money market mutual funds. Every other form of private-sector deposit. Certificates of deposits. Everything. The whole shootin’ match - nothing excluded. $21.7T. That’s the whole enchilada.
The next thing I want you to consider is our national debt. It currently stands at $30.6T. But who knows how big that number will be when Biden’s done. What we know right now is that its currently at $30.6T. And while you may not be a giant in the field of mathematics, you know enough to understand that $30.6T > $21.7T. What does this mean? It means that the United States federal government is insolvent.
Repeat after me: We. Are. Insolvent.
The United States Bankruptcy Code defines insolvency as a condition wherein the “sum of an entity’s debts is greater than all of such entity’s property, at fair valuation.” That’s us.
I know, I know. You’re thinking: Our debt may be greater than our money supply, but it isn’t greater than all of our property put together. It’s not greater than the value of all of our land, all of our oil, all of our gold, all of our natural resources, and so on. Our debt is not greater than the book value of all of our assets - we’re not actually insolvent.
I want you to perform a mental exercise. Let’s assume the federal government could assume ownership of every asset in the country. It can’t. But let’s just assume it could. So it acquires all the land. All the gold. All the oil. Every form of natural resource. All private residences (including your home). Every company. Including publicly traded and private ones – assume it acquires every form of equity out there. Hell, it acquires your automobile and wedding rings. Everything. Then let’s assume it conducted the largest liquidation sale ever performed. How much could it sell it all for?
Well, let me ask you this: when, in the course of conducting this hypothetical liquidation, the government attempted to sell your home or a parcel of land or a barrel of oil or an ounce of gold or whatever, what would it sell it in exchange for? This is not a trick question. It would sell your home in exchange for the exact same thing you would sell your home in exchange for: money. It would sell gold for money. It would sell oil for money. It would hock your wedding ring for money. And so on.
Now consider: it could not sell all of the assets of the entire country in exchange for more money than exists in the entire system. That’s the theoretical maximum. Even if someone tried to pay using Euros, our debt is denominated in United States Dollars. We’d have to turn the Euros back into Dollars. And there are not more than $21.7T dollars in the entire system. So that’s the theoretical maximum you could raise – when all was said and done – in conducting the liquidation. We could not net more than $21.7T. That’s it. If you hocked all of our shit at the world’s largest pawn shop, you could not net more than $21.7T, and that sum would not pay off our debt.
So, yeah, we’re insolvent. We’re underwater by $9T.
I know. Now you’re probably thinking: but it’s probably always been that way, right? This can’t be anything new. We may be insolvent, but somehow this works out, because it always has.
My friend, we have not always been insolvent. We came into this condition very recently. During the Obama Administration, in fact. (If I occasionally pen the name “Commie #1”, I am referring to Obama. “Commie #2” refers to Biden – he’ll come up in later parts.).
Every United States President who was taken office since the closing of the administration of Commie #1 has had to grapple with the fact that we are insolvent. Trump. Biden. And, God willing, Trump again.
We’re almost done with this part. But there’s one more thing, my friends. If you can’t sell all of our shit in exchange for its aggregate book value – which you can’t, because you can only sell it for $21.7T, max – what does that mean? Yes, yes: it means we’re insolvent. We’ve covered that. It also means that none of our assets are worth their book value. Your house is not worth what Zillow says it’s worth. Your shares of stock aren’t worth what the NYSE or NASDAQ says they’re worth. Your Bitcoin is not worth what the Bitcoin Marketplace says it’s worth. Not one asset is actually worth its book value.
Our insolvency, coupled with the illusory value of all of our assets, are the first basic points for you to grasp in all of this. I’ll leave you on this cheerful note, but there’s more. Stay tuned for Part 2. Or don’t. It’s your decision.
Ever yours, simon_says
This is a great primer into the financial aspect to the great awakening. Have been waiting for a slow day to sticky this, since it requires people to focus and think. Great primer for the flood of newQs finding their way here!
Don't forget to check Part2 and Part3
Bubbles I’m getting senile…have you always been a mod or is this a new thing? If so congrats and thanks. For some reason I don’t remember you being a mod….
I have been a mod for a while now, actually almost exactly a year now!
😅🙏👍
Thanks for sticky this post. Great read and excellent points.
Thank you for linking Part 2 & 3 bubble_bursts! o7
Good looking out fren. Thank you.
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." -- Thomas Jefferson Source: in 1802 in a letter to then Secretary of the Treasury, Albert Gallatin
Well, we have arrived.
"The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale." -- Thomas Jefferson Source: stated in 1811 when President Jefferson refused to renew the charter for the First Bank of the United States (the 2nd central bank chartered by Congress in 1791)
He tried to warn us. Note that he said we have a problem with all our Constitutions. The Constitution was the banker's idea and it worked very well for them. There might be a reason Q posted the Declaration of Independence more than once.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
-Henry Ford
Which explains our educational system. Heck, many of them can't even do basic math.
Well said.
Every dollar the Fed issues is owed back with interest. Always has been. The system was designed so we would owe $+x for every dollar created. You can never pay back more than everything. Doesn't matter how big the number grows, $+x > $
Simple solution, tell them to pound sand. Create a new, gold backed currency. Ron Paul was right. End the FED.
Good thing Trump has some experience taking large going concerns from bankruptcy into a state of prosperity. Right?
If it remains of interest to you, please know that Part 2 is available.
https://greatawakening.win/p/15JAEy4lN4/the-simon-lectures--series-i-par/
I read it. I disagree on one of the fundamental aspects of value. The US dollar, and other currencies potentially, are also backed by the value of labor (i.e., if you have $100, you can get someone to work for you for a day+) which remains true regardless of physical assets supporting that same currency. There are two other separate contributors to value, even less tangible but also real, that correspond to the reputational value held by the dollar: 1) transparent accountability (relative to other currencies, not to an absolute standard; obv the USD is at a low point in its own history, but so are most other gov't currencies), and 2) goodwill or brand value (again, rapidly sinking but still better than most other gov't currencies).
I agree with everything else, but didn't want to open a big discussion about crust when everyone else is enjoying the pie. I'm just OCD on stuff like that. It's a good post.
Part 3 is now posted, should it interest you.
Thank you for reading.
simon_says
We're getting there, Mr_A. Sit tight!
If the American people don't care enough to study our founding documents, learn their rights, duties and responsibilities--as the majority don't--this whole mess will happen again very quickly. A republic is designed for well-informed and virtuous citizens.......we have a long way to go. "Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams
Indeed!
Thanks for rePosting Part 1—it slipped by me— and now posting 2 and 3 with reminders. I’ll catch up now. 👍
Well done! Nice digestable and understandable chunks. Can't wait to read your take on the following topics:
Will the Federal Reserve debt get paid off with "confiscated gold and assets from elites", effectively paying off the International Bankers with their own assets?...and terminating the "contract" of enslavement?
Once the Federal Reserve uses up all their assets via interest payments at elevated interest rates and starts issuing IOUs (and petrodollar is dead due to BRIC+Saudi moving off US dollar) will the dollar truly be backed by nothing? Or is there more trickery in store? https://www.bitchute.com/video/ei1IyQRtPaG0/
What happened in 2007-2009? Did we effectively re-collateralize the US Debt by promising assets to China CCP?
I understand that US debt has been refinanced in 70 year intervals starting in 1791, then in 1861, 1931, and 2001. What happened in 2001? Did the debt jubilee get postponed 20 years to 2021 per International Banking Treaties and then get extended again for some brief period? 210 years appears to be the maximum "extension" before assets seized or jubilee or another 210 year period (after the 20 year period to announce the debt jubilee).
Thank you, and I'll get to some of these topics in this series. ...Keep in mind this will be constituted of several series - not all of which will treat economics as the primary focus.
As always, very cool stuff. First question is that, I read a few months ago that details of the loans issued to the banks during 2008 was finally released and it was to the tunes of $25T more than they had told us. Where does this $25T fit in? On the debt side I am assuming?
Next, why cant the Fed simply issue more debt and use that to buy every asset in the country (theoratically) and then we will be solvent again? I thought thats what they always did - print more money to pay off the previous debt and keep the ponzi scheme going.
They way I see it, they have been doing it with all the QE etc, and even now while they speak of QT they ate still increasing their balance sheets, so while USA is technically insolvent, they can keep this ponzi scheme going, with the only catch that they can no longer hide the inflation caused by this, and thats what is gonna manifest as the promised hyper-inflation, food shortage etc etc .. aka The Precipice. What do you think of this possibility?
And then when that happens, all the debt will be concentrated within the Big Banks and other Elite assets (most BRICS countries already selling US Treasuries) and when US defaults on all that debt, these Big Banks and Elites will go under. US can then confiscate all the assets on the Fed's balance sheet to make people's savings and retirement whole. Does that sound plausible?
Whats your view on the recent fluctuations in the 10 year treasury yields followed by crazy happenings in stocks/crypto/metals? Looks like someone is really juggling this Ponzi scheme very hard.
If Anon's can crack exactly how the meltdown event will happen - and I think it will happen organically and only after that will the insolvency / unconstitutionality of Fed etc will be allowed to hit the normies - the exact mechanic of this meltdown would go a long way in making sure everyone is prepared correctly.
looking forward to part 2!
Thank you, Anna.
If it remains of interest to you, please be aware that Part 2 is out.
https://greatawakening.win/p/15JAEy4lN4/the-simon-lectures--series-i-par/
Yep, thanks, saw it earlier and was all over it!
Part 3 is now posted, should it interest you.
Thank you for reading.
simon_says
hooray, thanks, another good one!
Thank YOU for reading.
I agree with all of this. But one thing I can't wrap my mind around is why the US Dollar has gone up in value so much over the past year. Maybe its financial subterfuge by the Cabal but I think I should short the Dollar:
https://finviz.com/futures_charts.ashx?t=DX&p=w1
US Dollar is only gone up in value comparative to other western currencies. This is because Euro, Japan, Aussie etc are being forced to sacrifice themselves to stabilise the bond market.
For example check this post Interesting theory.. the FED bankrupting Europe intentionally
In addition, the instability in the bond market (translation - No one wants to hold US treasuries) is causing people to sell off the bonds (as seen by the spikes in the 10-year treasury yields) increasing the demand for dollars.
None of this is good for dollar. Its just that of all the Cabal currencies, dollar will collapse the last.
I don't know about this fren. I think shorting is all about timing, and not sure we know the timing. Also not sure how high this beast rises before falling. If you come up with good strategies, share it with the community.
Good call. I'm thinking I will buy 5 year puts on US treasuries. Given the pace of events so far I think the cabal will fall by then and ponzi notes from the US gov't will be worthless.
At worst a return of Trump in '24 will bring about their fall.
Also, in 5 year timeframe, buying gold and silver is probably far better - when their financial system collapses and their price manipulations etc, the metal prices become set by the market, and they should be far above what they are now
I havent checked treasury puts (do they even exist?) but I was looking for 5 year puts on Nike, Disney etc, and even a one year put already gets too expensive.
Meh. I don't consider the above to be anything remarkable regarding the financial condition of the country.
We've always been insolvent in modern history. There's probably no one alive today who was alive when the US was solvent.
There has been doom-and-gloom outcast with the expectation of a great crash for at least four decades that I've been paying attention. I remember in the early 90s hearing financial advice to stock up on coins because they can't devalue coins that cost a certain amount to make.
The problem with the OP's text is I don't see any understanding of the fact that the US can't go insolvent because it can just keep printing money. That could potentially lead to a different issue/problem but the problem isn't insolvency.
We were in debt 6.369 trillion from George W. 2010 dollars were worth 1.57% more, so more like exactly 10 trillion adjusted to today's value.
What's the methodology of completely disregarding that and only focusing on Obama?
All assets have always been worth what someone will pay for them.
Is the economy bad? Yes. Is the economy at the point of complete financial collapse? Probably.
Does the person who wrote the wall of text above have any amazing insight into exactly when and why that'll happen? Not really.
The day everything collapses is the day the world stops recognizing the US dollar as having any intrinsic value. But there's a forced value in that all loans given to countries must be repaid by US dollars. This forced value ensures there will always be a demand for US dollars, and as such, the US can keep printing them. They devalue over time, and that devaluation is like a hidden tax on the American people at the rate of whatever inflation is.
The situation can continue getting worse, but it'll probably get better before it gets worse because countries are scrambling to pay off their debts still. That's why the UK dollar just hit an all-time low vs the US dollar like in the last 24 hours.
As someone who receives my pay in US dollars from a UK source, my income is actually up an extra 20% right now from 6 months ago, just on exchange rate alone, with the US dollar being so strong worldwide.
The economy is obviously getting worse, but it'll probably hold out until Q makes their final moves.
My evaluation as well.
Waiting on parts 3 thru 12 🤩
Part 3 is now posted, should it interest you.
Thank you for reading.
simon_says
Link for part 3 prease 😉
Part 3 is underway.... Sit tight.
I have a small problem with this because federal reserve notes are loaned into existence at interest which means when the very 1st dollar was loaned into existence we already at that point owed $1.06. The central banks earn a standard 6% interest on the money that's loaned out and that interest goes to the banks that are members which are really owned by the 13 families but we don't need to get into that.
So when you think about it we were insolvent from the very 1st dollar.
Good point.
There is never enough money in the system to resolve all indebtedness.
But, until Commie #1, there was enough money to resolve our federal indebtedness. That's the distinction.
Thank you, tstr. Over and out.
How much are we under water now?
$34T in debt.
Annual debt service payments in excess of $1T. Which is greater than our national defense budget.
Things are looking ugly.
Sorry to be slow -- haven't logged in for a while. I visit the site daily -- just haven't actually logged in.
Part 4?🙏🏻
Excellent post. Not being well versed in financial matters, I appreciate the info and the discussion. Bookmarked parts 2 and 3 and looking forward to reading those 🐸
I hear that voice from Die hard with a Vengeance: https://yewtu.be/watch?v=trbP-lkjAHA
However ... about the part 1 ...
From an objective perspective that may be true, but the valuation goes beyond the stick and the stones. It is about production value.
Perpetuation of the debt situation since 1791 has its advantages to those that finance the scheme, both monetary and political.
Prospect: it is about time to have the bank realize they have a problem without any takers to help them out ....
I am on the road right now, but when I get home this will be my first read. Thanks OP
Well done Simon, I'm off to Part 2.
I always like to think of the national debt as being the amount of the globalists owe us.
Do you realize that Catherine Austin Fitts, who worked as some sort of undersecretary under GHWB, said that she discovered that 21t went missing in the books back then and no one wanted to talk about it? Interesting that it's the same number. Does that mean we actually have zero dollars or does it mean that we should have 42t but Bush & his allies stole 1/2 our worth?
I'm fairly certain that all illicit drug money that ends up in South America is included. Couple trill.
That's beyond the point. Congress in 1 swoop can pay off the national debt with 1 newly minted coin worth the debts total. Give the coin to federal reserve then eliminate the federal reserve with another vote.
They will not do it..........yet !
New congress full controll no fucking around
Thanks Simon! I look forward to part 2 and I learned a new word today: parochialism :)
Insolvency also includes having an income large enough to make payments. Your definition about assets would mean I've been insolvent my whole life, yet I've never missed a payment on the house or car. This would mean that everyone, as soon as they buy a house, would become instantly insolvent.
So the real meaning of insolvency is being unable to pay your debts.
Ok a hole in your statement is that you're assuming it has to be paid all at once. Yes, our debt is impossible to pay off with our money supply but others will point out it doesn't have to be paid back all at once. Also, an estimated 60% of all our debt is owned by US public.
https://wikiless.org/media/wikipedia/commons/e/ec/Holders_of_the_National_Debt_of_the_United_States.gif
Actually it is more than that, here is a bit more updated but not very specific chart
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
What do you think the public would do if those $ were paid back to them? They'd go and spend it, where it has a chance to circulate back into the government to pay down more of the debt again. Of course this paying back the debt won't happen but I'm playing devils advocate here. It is actually possible if our government wasn't complete trash.
How Much is The Entire United States of America Worth?
http://www.ispyetf.com/view_article.php?slug=How_Much_is_The_Entire_United_States_of_America_Wo&ID=256