Since we both violently agree that any reserve currency always rises and then falls, we dont need to keep going back to 1700s to rehash this point.
The point of contention is where in this world reserve currency cycle is the USD at. You think its still part of the natural cycle and hence will collapse unexpected based on market events.
I, on the other hand am arguing that the natural cycle of USD ended in 70s when there was a gold run and with that ended whatever free market that was left in the world economy.
It was replaced by pure tyranny of Petro dollar where anyone who refuses to purchase USDs to buy oil, or anyone who sells oil in anything other than USD, would be bombarded to hell and back.
Tell me how exactly market forces have been in work since then if everyone is forced to make purchases at tank point?
Tell me how exactly dollars can be printed at exponential rate and yet you don't see people living in "abject poverty" if market forces are in place and the only black magic is debt back by debt.
No, the black magic is not "debt backed by debt". That would very quickly unwind itself with sky rocketing inflation.
The black magic is making you believe we are not living in abject poverty, while we have been trained to eat poison, drink poison, immerse ourselves in poisons, and slave day and night just for the pleasure of enjoying this poison.
The black magic is the fact they can make you believe this is all happening under free market.
Since we both violently agree that any reserve currency always rises and then falls, we dont need to keep going back to 1700s to rehash this point.
The point of contention is where in this world reserve currency cycle is the USD at. You think its still part of the natural cycle and hence will collapse unexpected based on market events.
I, on the other hand am arguing that the natural cycle of USD ended in 70s when there was a gold run and with that ended whatever free market that was left in the world economy.
It was replaced by pure tyranny of Petro dollar where anyone who refuses to purchase USDs to buy oil, or anyone who sells oil in anything other than USD, would be bombarded to hell and back.
Tell me how exactly market forces have been in work since then if everyone is forced to make purchases at tank point?
Tell me how exactly dollars can be printed at exponential rate and yet you don't see people living in "abject poverty" if market forces are in place and the only black magic is debt back by debt.
No, the black magic is not "debt backed by debt". That would very quickly unwind itself with sky rocketing inflation.
The black magic is making you believe we are not living in abject poverty, while we have been trained to eat poison, drink poison, immerse ourselves in poisons, and slave day and night just for the pleasure of enjoying this poison.
The black magic is the fact they can make you believe this is all happening under free market.