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Reason: None provided.

You need to read Richard Cantillons Essays.

https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583

He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard

Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).

Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"

The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.

"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.

There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that. After everything in the last 3 years, you will see major chimp out from the public no matter what happens and that won't be controlled. It will get messy.

The hope that I have is that cryptocurrencies can be used as an alternative financial system to much more quickly build back from the fallout that will happen because historically it takes at least a generation (20 years) to come back from falls a lot less high than what the US is facing. That manufacturing know how and competitiveness doesn't come back overnight.

The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.

It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.

1 year ago
1 score
Reason: None provided.

You need to read Richard Cantillons Essays.

https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583

He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard

Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).

Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"

The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.

"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.

There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that. After everything in the last 3 years, you will see major chimp out from the public no matter what happens and that won't be controlled. It will get messy.

The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.

It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.

1 year ago
1 score
Reason: None provided.

You need to read Richard Cantillons Essays.

https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583

He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard

Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).

Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"

The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.

"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.

There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that. After everything in the last 3 years, you will see major chimp out from the public no matter what happens and that won't be controlled.

The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.

It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.

1 year ago
1 score
Reason: None provided.

You need to read Richard Cantillons Essays.

https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583

He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard

Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).

Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"

The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.

"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.

There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that.

The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.

It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.

1 year ago
1 score
Reason: Original

You need to read Richard Cantillons Essays.

https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583

He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard

Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).

Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"

The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.

"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.

There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money.

The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.

It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.

1 year ago
1 score