If we look into the history of how different world empires are started and fall we can see there are 7 steps to how this happens and it is all related to the financial systems, deficit spending and banking. Here are those 7 steps.

1. Sound Money
2. Layers of Public Works
3. Massive Military Development
4. War
5. Debasement of Currency
6. Loss of faith
7. Currency Crisis/Crash

If you look at this list, we are currently at step 6 which could quickly turn into step 7. But before we talk about current events and what we are seeing, let’s take a few moments to talk history.

Our founding fathers were well aware of the evils of the big bankers. They fled England where the corrupt banking system exploited the common folks and wanted to establish a new system independent of government and based on sound money and using only gold and silver as legal tender. This was able to last for about 150 years before Keynesian economics took over with under the guise of creating a stable economy with central banking and the subsequent introduction of fiat currency. In 1913 there was the establishment of The Federal Reserve private bank which the treasury gave the power to “run” the economy. Federal income taxes were also introduced. At this time, debasement was occurring as there was a permitted reserve ratio of 40%. Basically, a $50 dollar bill was a receipt good for only $20 worth of gold.

In 1944 the Brenton Woods agreement was made which was a strategy to create stability to have most world currencies backed by the dollar, which was backed by gold. This made sense since at the time the United States owned 2/3 of the worlds entire supply of gold. The hope was this could stabilize world currencies and economies, but it put all the eggs in one basket and the setup became ripe for failure if something was to happen to the dollar.

It didn’t take much time before things started happening to the dollar. The US began to stretch itself thin and slowly pissed away it’s gold reserves. It wouldn’t be able to provide the gold it needed for the number of dollars (receipts) issued. Then in 1971 there was a drastic turn as Nixon took the dollar off the gold standard and dollars were now backed by absolutely nothing but faith. No more gold.

This enabled the federal government to now spend like a drunken sailor. With the ability to print money out of thin air with no actual backing, we started to see continued deficit spending, financing of overseas wars we don’t belong in and belligerent waste. The government now provides funding and financing to everything. They give aid to countries across the globe, even to countries that burn our flag and chant “Death to America.” This out of control spending is now offset through further debasement by inflation which is an invisible tax on savings and dollars. When more money is printed and put into circulation it becomes worth less. This most critically impacts the poor and the middle class. There is no accountability and YOU the citizen and taxpayer are bearing the consequence.

With inflation upon us, we will see the slowing of the economy as consumers curtail frivolous spending and save for necessities. The slowing of the economy then needs to be managed and “stimulated” with more government handouts which only further debases the currency and kicks the can down the road.

Do we really need to send billions in aid to Ukraine? Do we need to be involved in the Middle East? How about Somalia? Do we really need hundreds of military bases in over 100 countries across the globe? Does this really enhance our national security? Meanwhile our radars weren’t even detecting Chinese weather balloons over our own country and own borders aren’t secure. But don’t worry! We will make sure the borders in foreign countries are secure. We are overreaching and also not triaging where and how our military funds are being spent.

Current national debt is $38 trillion dollars. But don’t worry! Deficits don’t matter! The debt ceiling will be increased and the can will be kicked down the road again. Democrats are the biggest offenders to this and Republicans to a lesser degree as they at least speak lip service to being fiscally responsible. But don’t worry! Keep arguing with one another that it is the other party’s fault while failing to look at your own team.

This whole system is going to crash very soon. Step 7. You want to know what we should be doing? End The Federal Reserve. End Federal Income Taxes. Go back to gold and silver as currency. Own physical bullion. Back the dollar to commodities and precious metals. But don’t worry! You want to know what will happen? Politicians will continue the status quo and blame the other side for the problems. People will continue to vote for Biden’s Bush’s and Clinton’s and bury their heads in the sand.




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