Third fraud about to be forced upon the world as a temporary emergency measure

The modern global economy and financial system that supoorts it was set in motion in the early 1970’s when the US Government announced a temporary lapse in their promise to exchange US dollars for gold on demand. It was forced upon unsuspecting nations that used US dollars for international trade when the US Government realized they were going bankrupt. The temporary lapse was announced as an emergency measure which eventually became the new normal – no gold on demand anymore.

The second fraud forced upon unsuspecting US citizens started when the US Government began to bail out too-big-to-fail bankrupt financial institutions, secretly in 2008 and openly in 2011 when they started charging the loans for the bail-out money as a debt to taxpayers of future generations. The fraud was forced upon unsuspecting US citizens as another emergency measure to prevent the collapse of the US economy and financial system. This emergency measure has now been copied in other major national economies and become the new normal.

The third fraud about to be forced upon the world will start when Governments begin to provide unexpected free cash (a form of tax refund) to their citizens as another emergency measure to prevent the stagnation of the modern economy. The modern global system is still collapsing in spite of bail-out money and so the free cash will keep the public happy for a little longer as local sales, employment and imports see a short term boost. But when free cash in US dollars start entering the global markets, other nations using US dollars for international trade will object when they find their hard earned US dollar credits loose purchasing power for imports. That’s the automatic reaction to the addition of free cash in US dollars. Free cash for other national currencies doesn’t work the same way in the US because other currencies are not widely used for international trade.

Free cash in US dollars will be sold to the public as another “temporary” emergency measure. The third fraud will seem justified because there’s no alternative to that plan within the economic system that the Governments colluded in creating. They must add US dollars into the markets; if not, all the national economies will collapse together. So how could anyone object? But after another “temporary” emergency, and everyone sees that the world didn’t end, the public will be told that another “emergency” distribution of US dollars is necessary. That will become the new normal for a short period.

The reason another cash distribution doesn’t help is that adding free cash into the markets only pushes prices up for a short term without much increasing employment, productivity and discovery of new economically useful reserves of natural resources. These will have to be found on some other planet because all useful reserves on earth have already been found and developed for use. New expensive remote or low grade reserves can be found and developed only when global economies are healthy and growing, not when they are stagnating and fully indebted already. The situation is like trying to encourage a final stage cancer patient to start eating and exercising more to improve fitness and health. That stage is too late for eating well and exercising.

Allocating credits towards new ventures requires credits derived from years of previous savings, not years of accumulating debt upon debt and then adding more debt to finance new ventures. In the present situation, any new Government debts (to create free cash) for allocating credits towards employment, exploration and development with no economically useful reserves available will only push prices up higher in the short term.

All these trillions of Dollars, Euro’s, Pounds, Yuan, Yen, etc that Government debt created for the debt-based economy and the extra free cash only benefits the super wealthy and too-big-to-fail financial institutions while the prosperity of unsuspecting ordinary citizens has been and will be undermined. The number of employable but out-of-work people has grown in nearly every country and workers are now paying for the upkeep of their parents, when previously they would have been financially independent. The modern global economy and financial system has effectively transformed society more than ever into a feudal society, where the discrepancy between the idle rich and the peasant workers grows larger with every passing year. The only real benefit is that global demand on limited reserves of natural resources has eased back somewhat. But this is only a temporary emergency phase.

The conclusion of all this is that the modern global economy and financial system is mainly serving the interests  of the rich and will eventually collapse because limited useful reserves of natural resources will soon dwindle and everyone in the independent alternative press is now sounding the same warning. But Governments are either ignoring or hiding this reality from the people. That’s why it will collapse without much warning.