The Economy Is Fake, the Jobs Are Fake, the Money Is Fake | Luke Smith

[ClaytonB]

[oyarde]

Pretty much been a fake economy at least the past 57 years ( maybe much longer ) . Hasnt seemed to bother most ( most people in the US and the world own no real money ). The point is nothing matters as long as people take play money for real things . When they dont of course it would collapse but that wouldnt be very convenient for most people as well.

[ClaytonB]

Pretty much been a fake economy at least the past 57 years ( maybe much longer ) . Hasnt seemed to bother most ( most people in the US and the world own no real money ). The point is nothing matters as long as people take play money for real things . When they dont of course it would collapse but that wouldnt be very convenient for most people as well.

Agreed. Near the end he discusses a shift occurring among some in the younger generation who are taking up Bitcoin, gold-stacking, silver-stacking, etc. They're not just buying this stuff because it's shiny or techno-wiz-bang, they're buying it to save wealth, just like in the old days, in the expectation that their wealth will become more valuable over time, not less. And that's a good thing because it means that, despite all the evils wrought by the Fed and the State, there is still hope out there. They have tried their damnedest with their "Great Reset" and their doomsday virus to choke the last shred of hope out of the entire globe. It's astonishingly apocalyptic in scale when you really stand back and get a good proper look at the thing. But they have already failed to achieve their own goals. All the Faucis and Zelenskys in the world won't be able to put the Great Reset Humpty-Dumpty back together again. He's done cracked up.

[Pauls' Revere]

As long as we create demand for the supply of dollars we will have an equilibrium. The law of supply and demand for product and price works for supply of money and demand for it as well.

My tinfoil hat says that since recently we have injected 1.3 Trilly into the economy we will keep the war in Ukraine (and elsewhere) going to create demand for dollars.

[GlennwaldSnowdenAssanged]

Pretty much been a fake economy at least the past 57 years ( maybe much longer ) . Hasnt seemed to bother most ( most people in the US and the world own no real money ). The point is nothing matters as long as people take play money for real things . When they dont of course it would collapse but that wouldnt be very convenient for most people as well.

The truth may be that anything you think you own you merely pay taxes on for the thought that you own it. When push comes to shove, anything you think you own can be confiscated by those in power.

[ClaytonB]

As long as we create demand for the supply of dollars we will have an equilibrium. The law of supply and demand for product and price works for supply of money and demand for it as well.

My tinfoil hat says that since recently we have injected 1.3 Trilly into the economy we will keep the war in Ukraine (and elsewhere) going to create demand for dollars.

Yeah, the "create demand ... for ... dollars" part is where the real value created by the common American worker is transferred to the ultra-wealthy plutocrats in Wall Street and the commercial banks, who work for Washington, DC and are managed by the Fed.

See "Who wins and who loses?" around the 3 minute timestamp:

[Pauls' Revere]

Yeah, the "create demand ... for ... dollars" part is where the real value created by the common American worker is transferred to the ultra-wealthy plutocrats in Wall Street and the commercial banks, who work for Washington, DC and are managed by the Fed.

See "Who wins and who loses?" around the 3 minute timestamp:

Yep, government decides who wins and loses. Laws are passed which benefit certain sectors of the economy or population. The distribution of monies into the system would be more direct if we all had accounts at the FED and we used a digital dollar. Imagine getting your stimulus check or UBI directly from the FED. This of course will be one argument used to implement the digital dollar but it will also be totally programable and we will be monitored on every transaction.

[ClaytonB]

Yep, government decides who wins and loses. Laws are passed which benefit certain sectors of the economy or population. The distribution of monies into the system would be more direct if we all had accounts at the FED and we used a digital dollar. Imagine getting your stimulus check or UBI directly from the FED. This of course will be one argument used to implement the digital dollar but it will also be totally programable and we will be monitored on every transaction.

Fine, but helicopter money is useless to those who would be administering this hypothetical CBDC system, so they will never do it. CBDCs/digital-cash/etc. change absolutely nothing in respect to the status quo. Even though we speak of the Fed "printing money", this is just a figure-of-speech. Rather, they simply write some more digits on their "balance sheet" and voila, now they have more money with which to buy bonds or whatever. It's all a complex charade whose sole purpose is to put a fig-leaf over the printing-press itself. In respect to the function of the Fed, there is no reason the government needs to give the Fed bonds in exchange for the "money" which the Fed "creates"... it could just as well order the Fed to just wire cash into Treasury's accounts and call it good. Those bonds will never be repaid. It's just a farce and a charade, a grand Wizard-of-Oz stage-lights and fire-effects show designed to dazzle the public, including the opinion-molding literati. Krugman understands the charade, but I'm willing to bet nobody on his staff does. And that's the template pattern of the entirety of DC in a nutshell.

So, UBI or no UBI, CBDC or no CBDC, the same process will continue. The Fed will simply add digits to the Treasury's accounts and everything will go on as it did before...

[Pauls' Revere]

Fine, but helicopter money is useless to those who would be administering this hypothetical CBDC system, so they will never do it. CBDCs/digital-cash/etc. change absolutely nothing in respect to the status quo. Even though we speak of the Fed "printing money", this is just a figure-of-speech. Rather, they simply write some more digits on their "balance sheet" and voila, now they have more money with which to buy bonds or whatever. It's all a complex charade whose sole purpose is to put a fig-leaf over the printing-press itself. In respect to the function of the Fed, there is no reason the government needs to give the Fed bonds in exchange for the "money" which the Fed "creates"... it could just as well order the Fed to just wire cash into Treasury's accounts and call it good. Those bonds will never be repaid. It's just a farce and a charade, a grand Wizard-of-Oz stage-lights and fire-effects show designed to dazzle the public, including the opinion-molding literati. Krugman understands the charade, but I'm willing to bet nobody on his staff does. And that's the template pattern of the entirety of DC in a nutshell.

So, UBI or no UBI, CBDC or no CBDC, the same process will continue. The Fed will simply add digits to the Treasury's accounts and everything will go on as it did before...

Agreed, but with CBDC conjoined with the surveillance state adds an extra layer.

[ClaytonB]

Agreed, but with CBDC conjoined with the surveillance state adds an extra layer.

CBDC is 100% pure gimmick. It was invented by people who do not understand cryptocurrency to wow people who do not understand cryptocurrency. It might even work... the Internet was taken over people who still have no idea what the Internet is or how it works or what it can be used for... and they don't care. But all of these kinds of control measures are always fighting gravity because they are fundamentally based on nonsense. Nonsense can persist for a very long time.. the Fed has been around since 1913 and still chugging away. But the reality is and always will be that they're fighting gravity. No contradiction, however, lasts forever...