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Reality Cannot Be Ignored Much Longer

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Monty Pelerin / EconomicNoise.com

John Rubino explains how our current government operates:

A currency that holds its value over long periods of time is nice but restrictive, because it limits a government’s ability to fight multiple wars and buy votes with generous social programs. So every government eventually resorts to monetary inflation, which is a combination of theft and deceit – or fraud, as it’s known in legal circles. By creating large amounts of new currency, a country lowers the value of each piece of currency in the hands of citizens, thus secretly taxing them to run the government. Then, to mask the effects of this stealth tax, governments distort their reported economic statistics to portray a world that’s healthier than the one most people experience. The goal is to siphon off as much wealth as possible while keeping the victims docile for as long as possible. The longer the con runs, the richer the people at the top become.

Government lies are so pervasive that they no longer shock. Large portions of the population are willing to believe them because not to is to recognize that they will no longer be taken care of in the ridiculous fashion to which they have become accustomed. As Mr. Rubino says:

We’re not far from the old Soviet joke, “we pretend to work and they pretend to pay us.”

For both the liars and the believers, the situation is not stable nor sustainable. Reality lurks behind the numbers and it will soon out itself, shattering the falsehoods and the society based upon them.

http://www.economicnoise.com/2012/12/16/reality-cannot-be-ignored-much-longer/



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    • Rockerchic4God

      So what exactly is the catalyst that will bring the house of cards tumbling? Every armchair economist continues to warn of impending and sudden collapse, yet Japan has been running exactly the same con for well over 20 years. The issue of sustainability is that everything is indeed collapsing, but it’s happening slowly because the elites strongly hold to the boiling frogs strategy. There will be no sudden and severe economic collapse that instantly ushers in Armageddon.

    • Gojiroiscoming

      So if our current model sucks, and its been enriching the elite for 150+ years or whatever, whats the way out? Obviously the currency still has value for those at the top too.

      Not that I am defending this perverse corporatocracy run by a military-industrial-medical complex, but I grow tired reading about all the bitching about it.

      Someone give us some answers. Whats the plan? Revolt for revolutions sake? Total anarchy and chaos giving rise to barter and trade economics and measuring distance in cubits? Embracing socialism and nationalizing all institutions to be owned by the people of the United States? Breaking up into 50 individual republics like Africa and making everyone pay their own way for social services?

      Sure, things are screwed up. That we’re all pretty much in agreement with. The real question is what is the better way to go about this? How do we change direction?

      Anyone can say everything is screwed up. You’re not prophetic or anything. Can you provide some answers? How do we unfuck ourselves from this situation?

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