How I Believe The Dollar Will Die
Tuesday, September 28, 2010 1:55
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By Ray Gano
I want to say that first of all I am not a prophet nor the son of a prophet nor am I claiming to be a prophet. I am a watchman on the wall who has been sounding this alarm for over five years now regarding the demise of the dollar. Many people have listened and heeded the warnings.
What you are about to read is based on historical research, observing past and present situations as well as what has happened in other countries that are currently or have gone through a massive economic downfall. We are following these countries almost step by step towards implosion.
I believe that in the near future the dollar will die.
We are over leveraged to the point that a single event within the stock market can now bring this nation to her knees.
This is not a matter of “IF” it is a matter of “WHEN” and that is a historical fact.
Solomon, the wisest man of all times stated the following…
Ecclesiastes 1:9 (KJV) The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.
Man has not learned his lessons from history, therefore he is destined to repeat the same mistakes over and over again.
How It Will All Go Down
One day when nothing much is going on with the stock markets, there will be a commodities jump. Some commodity like gold or oil will “spike” out of the blue.
This will trigger already pre-programmed events and T-Bills / treasuries will be sold off because that is the only thing of “value” that today’s fund manager have at their fingertips.
The reason they will sell these treasuries off is to catch the quick chance to ride the “spike” and cash in on some profits.
What this will do is set into play another series of pre-programmed events at the FED. The FED computers seeing these T-Bills / treasuries being sold will snatch them up so that they can still maintain the low yields they have been manipulating in order to prevent deflation of the dollar. But the reverse is what will take place.
Because the feds bought up those T-Bills / treasuries this will set into action other asset managers, mega banks and other funds pre-programmed events and they too will sell off their T-Bills / treasuries to get in on the FED buying.
All of a sudden, all these computer programs that have been pre-programmed to catch the next profit margin will sell off their T-Bills / treasuries.
Now mind you, all of this can take place within a matter of minutes before anyone is really aware that this is going on. When someone finally realizes what is going on, it will be too late, the lots will be cast and the damage is already done.
It is at that moment the US dollar will die and the only thing that was “propping up the dollar,” the trust and faith of the people in the currency, is also gone. The trust and faith of the currency was just sold down the river and cannot be recovered no matter what the Federal Reserve, Banks or even the government will do. The death blow has been struck and we have entered upon the path of no return.
Now that all these fund managers, banks and asset managers have sold off their T-Bills / Treasuries and they are now sitting on a wad of cash. They are not going to buy more T-Bills / treasuries because they themselves have lost faith in the dollar a long time ago. They will not reinvest in a already sinking ship. The fact of the matter is that they were praying for that one chance to dump their T-Bills / treasuries and cash them out before the dollar died completely.
So where do these banks, fund managers, asset managers and others put all their money ?
Commodities.
By the end of that incredible day, commodities of all types, precious metals, industrial metals, oil, foodstuffs, all will increase exponentially.
If you see this happen, it will be your signal to go to the store as fast as you can and buy every bit of food you are able to purchase. Fill all your cars up and any extra gas cans you have. Charge it, write checks, do whatever you need to do. The dollar has gone bust and the world is about to get on the “E” ticket ride on the fastest speeding train ride the world has ever seen.
See this is the signal you need to keep a serious eye out for.
The important thing to remember is that when this is taking place, stop everything you are doing and get food, gas and draw out as much cash as you can.
Why do this? Because ordinary people have not been tipped off yet. Sure we all have lost faith in the dollar, but it will become reality when Wall Street crashes into Main Street in about 3-7 days after this event takes place.
Now why go out and get all these items no matter what the cost? Once T-Bills / Treasuries are not the sure method of value as viewed by Wall Street, one question will come to everyone’s mind. Where are all those money managers going to stick all these dollars they got from selling off Treasuries?
Will they…
A – Put it in the bank?B – Under Aunt Flo’s mattress?C – Some overseas currency?
No. They are going to run to what people have run to throughout history. They are going to start buying up commodities
When the dollar dies and the faith and trust of the currency called the US Dollar is no more, commodities will be viewed as the only sure place of value, to put one’s cash.
Also, it won’t be commodity stocks, ETF’s, or bonds. These will die alongside with the death of the dollar, because they were based on the value of the US dollar. Anything attached to the dollar will become just as worthless.
So what we will witness is a major run on actual hard, hold in your hand commodities.
By the end of this panic driven spiral, commodities will have risen between 50% and 100%.
By week’s end, we could very well be looking at an increase of 150% to 250%.
All of a sudden everyone will be on the search to purchase any tangible asset that will hold value. Gold, silver, food, daily use items. The prices for consumable commodities will begin to go through the roof.
But my personal belief is that it will be silver that will be the real sky rocket. We could very easily see silver and gold “normalize” and go back to a historical norm of 10 -1 ratio. Today gold is sitting around $1290.00 an oz. 10 % of that is $129.00 that will be the minimum that silver will sell for. But odds are that it will sell even higher because of panic purchasing on Wall Street. It is a very good possibility that gold could reach a $3000.00 to $5000.00 price per ounce. This will put silver in and around $300-$500 per ounce.
What is today’s price for silver per ounce? It is sitting around $21.50. Compare that to $300 – $500 per ounce and that is quiet a return on an ounce of silver.
But at this moment we are still primarily talking / focusing on events taking place on Wall Street.
Once we see this commodity balloon start to go up, that is when ordinary folks will see their first examples of hyperinflation come into play.
In fact the first place they will probably see hyperinflation is at the gas pump when the prices of gas go up drastically over night.
I personally believe that it will be oil that will kick off all these events. If oil spikes from $75.95, which is the price it is sitting at the moment of writing this article to let’s say $150 in one day. The next day it shoots higher and higher. Within three to five days oil is sitting at $300.00 a barrel which is a very feasible scenario. Panic as well as supply and demand will cause gas to shoot up to $10, $15, $20 per gallon and possibly even more.
So what happens next?
Well Wall Street is already in a major panic, this will trickle down to “Main Street.”
Remember me stating earlier that when you see these early signals go buy food, gas, and pull your money? Well “main street” is about to wake up and markets and prices of consumable commodities are about to go vertical.
People will storm Walmart and the other stores buying up everything in sight. It will be utter chaos. Bread, noodles, camp fuel, ammo, any daily need products are going to fly off the shelves.
This is why I have been telling people to store up and buy what they can now because we need to view what we are purchasing now as a “hedge” against inflation. For example the week prior you could purchase a 20 lb bag of rice for just $12.00. What is going to happen to that bag of rice when gas prices go to $15.00 – $30.00 for a gallon of gas? What about when the laws of supply and demand take effect. What about when hyperinflation becomes a reality?
What people need to realize is that Hyperinflation is not “inflation” at all. Hyperinflation is the complete breakdown in the trust with that countries currency. Because people no longer trust their own currency, It will take more pieces of paper to purchase stuff. The currency is literally not worth the paper and ink it is printed with.
So what “main street” will do is what they have done throughout history. Exchange currency for commodities. This is why gold, silver, gas, food, camping supplies, anything deemed of value will rise in price and the other, the dollar will be used to paper ones walls, light fires, blow ones nose, etc.
But here is another effect that will take place that will wipe many people out completely.
Because people have freaked out and have panic-bought basic commodities, their 401K,s IRAs, Savings account, Retirement accounts, stocks, bonds, anything tied to the paper dollar will collapse.
Sure people may have 50,000 – 100,000 – 500,000 in one or more of these methods of saving, but when the price of a bag of rice shoots up to $1500.00 a bag, the currency you have becomes pretty much worthless.
Do you know that today a dozen eggs in Zimbabwei, which is still in the beginning stages of hyperinflation costs 1.3 trillion Z Dollars?
If a dozen eggs cost that here in the US when hyperinflation hits, how much will you be able to purchase with your 50,000 – 100,000 – 500,000 in the savings?
So even if you have a lot of dollars, their value is worth nothing. People who were once well off will be dirt poor over night.
What is taking place at that time is that everyone is rushing the banks to get their cash, so that they can turn their worthless cash into any consumable commodity that will retain its value.
Now I know I have covered a lot here, so let’s do a quick review.
Here is the sequence…
A spike takes place in oil, gold, some major commodity.
Asset managers dump treasuries for cash so they can catch the spike for a short profit.
FEDs rush in and buy up Treasuries, causing a secondary sell off from other asset managers, banks & large corporations
The treasury market will tank.
Because of this, a few days later stocks, bonds and other equities to also drop in price like a lead balloon after the treasury sell off panic takes place.
Because all these asset managers “et al” are sitting on cash, they will need to put it somewhere safe, that will be commodities. The prices of gold, silver, oil, food stuff, any commodities of value. The price if these commodities will go vertical.
Simply put equities die, commodities go bust.
Everyone will be rushing to commodities. It is a self perpetuating speeding train. Nothing will be able to stop it nor will anything be able to apply the brakes.
This is where we pick up again…
Where Wall Street Meets Main Street
This speeding train coming from Wall Street will hit Main Street and everyday people will wake up to this fact. Panic will ensue.
Like the asset managers they will dumping anything they perceive to be of real world value, but for main street these real world assets are cars, trucks, laptop computers, iPods, even houses. All of these items will lose value in order to purchase commodities like gold, silver, food, gas, heating oil, any sort of daily consumable need.
But Ray, gold and silver are not a daily need. You cannot eat gold and silver.
You are completely correct. But the world will still revolve around money and this is where the natural laws of God take effect.
The only true money that is God created and ordained will rise to the surface again. It has never fallen out of favor, has always held its value, and it ALWAYS replaces devalued, depreciated fiat currency. God’s only ordained and created form of money is gold and silver.
What main street people are going to find out is that real-world assets will not go up in value in a hyperinflation scenario. They will drop. In fact throughout history they have never held their value when the hyperinflation comes.
What happens is that real world assets collapse along with the dollar. In fact they deflate or go down in price in relation to consumables / commodities.
Look at how many people have their wealth locked up in their house.
During a hyperinflation an estimated $250,000 house can easily fall to $50,000 or even less.
In fact what will happen is real world assets will all of a sudden be pegged to gold and silver. This is God’s natural law taking effect. So the good news is that if you have 50 ounces of silver, you will be able to purchase that home that has dropped to $50,000. The reason is because in a hyperinflation market real world assets such as a cars, trucks and even a house lose their value and pretty much become worthless, whereas 50 ounces of silver will buy you just about anything you will need.
Now if you are still reading this and you have gotten this far you might be saying that the government will step in, Wall Street has computers to prevent this, the President will stop it, etc etc.
Someone somewhere in power will stop this runaway train and apply the brakes and stop the hyperinflation.
Well the answer is that no one will be able to stop it. Congress, senate, the president, the Feds are all helpless.
This sort of event has happened time and time again. It is all part of the FIAT Currency model. The first time this took place was in ancient Greece. It took place in France, England, Germany, just about every country that has instituted a fiat currency.
Do you know that hyperinflation has taken place in the US twice already?
Once during the revolutionarily war days and then during the Lincoln administration. In both of these times, a fiat currency was created, the people lost faith, it busted and hyperinflation ensued. It is all there in the history books and they were not able to stop the speeding train either.
So can the FEDS stop this hyperinflation?
No they are the ones that started this whole mess. They can’t fix it.
Well can the Federal government stop it? Create more laws, regulations, quite possibly a bank holiday? They probably will try and history shows that when government does step in, they will always devalue the currency. They will split it so now instead of having $100.00 you have $200.00. Problem is that a bag of rice costs $500.00 so splitting the currency will do nothing except to cause prices to shoot up even higher.
Well why not implement price controls? If the government is foolish enough to do this, it will whip lash back into their faces and reappear as rampant black market.
So those ideas will not work.
Many conspiracy websites love to say that soldiers will be put out on the street.
Folks, US men and women in the military are feeling the pain just as much as you are. The military will have a hard enough time just keeping their ranks in order. You think that we will have it bad? Our men and women in the military will have it worse. Half of military families are already on food stamps, what do you think will happen when hyperinflation takes hold?
Another point you have to remember is that our military is stretched so thin overseas that we can barely hold on to the two fighting fronts we are involved in already.
In other words, there isn’t man power enough. America is too big and to even try this basically equates to one soldier per city they must patrol. Are these severely reduced forces going to be able to really do anything? No.
Bring in UN Troops / Foreign troops? This is another popular idea that has floated around on the conspiracy sites.
What many people fail to remember is that by this time the US is going to be a hotbed of chaos.
The introduction of any foreign troops would instantly polarize the nation and all of a sudden 500 million guns that are in the hands of the US public would be pulled out of the closet and it would be open hunting season for any UN / Foreign troop. In other words it would be a blood bath for anyone stepping foot onto US soil. This is a fact. Give chaos a rally point and it will naturally gravitate to it.
What about more stimulus, start up the printing presses, inject more money?
Can’t. This is hyperinflation, people do not want the paper dollar in the first place. Commodities are the only true asset of value. Flooding the market with even more worthless cash is not going to help.
What we might see, but this will take time to enact is food / gas rationing. A return to the ration cards like they had during WWII. But by the time this is put into effect the people will be adapting to the “new normal” and operating within a commodities based economy. Black and grey markets will already be in effect, people will have learned how to get their needed items. The laws of supply and demand will have already kicked in and a “new normal” economy will take effect.
So by now all of you reading this are asking that one critical question…
What do we do?
Welcome To The New Normal
See the key to survival is not surviving the nuclear bomb, it is surviving the next day and then the next after the bomb hit.
The same will be the case when Hyperinflation hits.
I used the analogy of a nuke because that is what Hollywood has portrayed. They always show the nuke going off, everyone “ducks and covers,” fall out settles and then the happy couple walking off into the sun set. They never show what takes place after everything settles down and people adapt to the new normal.
If you have read any of my previous articles on preparedness you will know that I do not buy into the Hollywood’s idea of the apocalypse. They never take into the boring everyday idea that people eventually will adapt to the new normal and it will become business as usual, just the rules have changed.
It isn’t going to be a world filled with mutant biker gangs, nor will there be blood thirsty zombies. No thermal nuclear wasteland, no empty cities. Nothing that Hollywood said it would be like.
All we need to do is look at countries that have succumbed to an economic disaster already.
For example look at Argentina.
Argentina had a massive economic downfall in December 2001. Their banks closed, money devalued, their world was turned upside down. They have a massive rise in crime, drugs, prostitution, alcohol, murder, kidnapping, theft, muggings. Argentina went from first world country to a third world country over night.
So what do you do?
How you prepare for hyperinflation is to do just as Noah did. Create / build your own ark before the event takes place. But this ark is built up of true tangible assets. No equities, stocks, bonds, ETF’s, mutual funds, nothing that is tied to the US Dollar or any other foreign FIAT currency.
See if and when that hyperinflation thunderstorm takes place, you will have that “ark” you have built to see you through the storm.
When the zenith of hyperinflation takes place there will be a plethora of opportunity that you can then purchase.
Robert Kiyosaki who I consider one of my mentors, suggests purchasing cash stream producing residential property. He also likes mining, pharma, industrial production and transportation. At the height of the hyperinflation storm, these will be at rock bottom prices at pennies on the dollar.
A famous quote came from the depression era, when the very same thing took place. That famous quote was “Buy when there is blood in the streets.”
I believe that America will end up pretty much like it is today. But it will be a “new normal.” We will refer to everything as before “Bank Day” BBD and after “Bank Day” ABD. Crime will be higher, jobs will be scarce, food and gas prices will be 300% – 400% higher. But we will adapt and over come as we always have.
Another thing that quiet possibly will come out of this that has not happened before in other countries is that we will return to God. This country was founded on biblical principles, it is who we are and it is those ideals that influence us at our core as a people.
This nation always has a “great awakening” to God the father, the Creator of the universe after every great financial upheaval.
Finally, turning the ship around after hyperinflation hits will take 15 – 20 years. It took approximately 25 years for our last depression, it will probably take that same amount of time for us to get back on the right track after this one.
Just look at Argentina, here it is 2010 and she is still in the throes of economic chaos and it is nine years after their event took place. Look at Japan, she lost two decades due to her economic downfall. Did either of these countries fall into apocalyptic chaos? Mutant biker gangs? Zombies? Wastelands?
No and it will not happen here either.
What will help us speed up the healing of this nation will be a word that many people do not want to hear nor accept.
That word is sacrifice.
Will we be willing to take on three to four hard years of sacrifice so that we can emerge a healed nation faster?
I doubt it, but if we as a nation repent of our sins and turn back to the Lord anything is possible. But to do this we will need strong men and women to boldly preach the gospel. Godly people will need to show that man is lost but can be saved from the fires of Hell through the blood of Jesus Christ our Lord. We will need to return to being accountable to Jehovah God.
Getting through this coming economic storm just might be what the doctor ordered to return this nation to what she once used to be, a good and great nation that fears God and His Son, Jesus Christ.
But I am sorry to say that history shows another solution, at least in other nations.
What has always come out of the economic upheaval is a strong charismatic leader.
They will return (force) the nation back to a gold and silver based economy.
The good of the “people” outweighs the good of the one.
The good of the nation outweighs the good of the family.
The state becomes their god and the dictator their high priest.
This is the solution that brought about Caesar, Napoleon, and someone we all have heard of, Adolf Hitler.
All these great leaders were born out of economic upheaval.
All lead their nations to greatness quickly.
All ruled with an iron fist and they all did away with dissidents who stood against them.
Often these dissidents were good men and women who maintained a moral fortitude and in most cases that was backed up by their belief in the one true God Jehovah and His Son Jesus Christ.
It is hard to say what the future will hold. There are so many paths that we can travel down. But man in all his wisdom always seems to choose the path of least resistance instead of the path of good. At least that is what history has shown.
The US was born out of the desire for religious freedom, and that is what makes us a different nation. We have survived two other economic upheavals resulting in hyperinflation, we will survive the third. But how we come out on the other side can be anyone’s guess. History shows that our last “great awakening” took place after the civil war’s hyperinflation, the late 1800s.
Although many turned to the Lord in the great depression of the 1920-30s, it was not like the prior revival of the late 1800s.
In all of this, we as bible believing Christians will need to stand in this evil day or there is the chance that we will fall by the wayside. What will take place depends on what we do now. We can either prepare and build our ark for the sake of the gospel, or bury our heads in the sand and ignore the lessons of the past.
I pray that there are enough who love the Lord that will work hard to build an ark for the good of protecting and freely sharing the gospel. Because the other option will result in utter tyranny and oppression like no other.
I leave you with what God’s Word says…
Ecclesiastes 1:9 (KJV) The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.Proverbs 6:6 (KJV) Go to the ant, thou sluggard; consider her ways, and be wise:Proverbs 30:25 (KJV) The ants are a people not strong, yet they prepare their meat in the summer;Joshua 24:15 (KJV) And if it seem evil unto you to serve the LORD, choose you this day whom ye will serve; whether the gods which your fathers served that were on the other side of the flood, or the gods of the Amorites, in whose land ye dwell: but as for me and my house, we will serve the LORD.
About the Author:
Ray & Tracye Gano are the Executive Directors of Prophezine. Prophezine deals with Bible Prophecy and World Events . They currently serve close to 85,000+ (and growing) people worldwide with a weekly newsletters, daily news updates, website, podcasts and You Tube videos. Ray recently released his latest project TEOTWAWKI The City Version, a data DvD with files teaching how to live simply in God’s abundance and preparing for the coming economic storm.
Please visit Prophezine by going to http://www.prophezine.com
Also visit Ray’s Blog Survival4 Christians = http://survival4christians.blogspot.com/
Read the original story at Survival 4 Christians
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The new “Corporate” Party OF, BY And FOR The PEOPLE?
DP+RP=CP Dems+Repubs=Corporate
I think we have become a little less apt to vote on party lines because Grandpa’s dad and his son and all the uncles, etc. voted ALWAYS for the Democrats or Republican parties. To break “family” traditions has been difficult. Independent thinking was unheard of, you do what “everyone” ALWAYS does, vote THIS way. How to change tradition is the old fashion way, EDUCATION. Tell the people the truth over and over until they get the idea that CHANGE is needed and wanted AND THEY CAN do something about it. EDUCATING the masses is what the political machines of the 2 parties are good at, they own most of the media outlets.
But now you look at your bank account and hours worked and realize a pattern of more going out and less coming in and you see others making more money a month than you do in a year or more and you must start thinking about the WHY? Thats what these articles are about, EDUCATING the masses.
Doesn’t anyone understand the Michael Milken’s testing the grounds to which high government can allow trillions of “fake” dollars to dictate the economy in an extremely SHORT period of time.
Fake appraisals and lots and lots of “loot” going into only a small certain percentage of skillful money managers pockets. It happened again, millions of homes magically worth 2-4 times their true value and cashed in. Those TRILLIONS of dollars went into someones pocket and it wasn’t the “dumb” homeowner who “cashed in”. They SPENT it as fast as they could and the funnel it went into was very small. Corporate greed can turn a switch, change QUICKLY an interest rate or two and sing consumer confidence, etc. But did all those trillions of dollars go BACK into the economy or into select pockets i.e. Petroleum, Banking and Insurance. Check out the top 10 richest companies in the world. Two of them don’t even PRODUCE a product, they are the middle man or SERVICE. Service your debts, charge fee’s for access to your own money, charge you $700 to see the doctor (deductible, etc.).
I just saw the BP oil STILL made something like $47 BILLION profit including the OIL disaster in the Gulf.
Those foney-baloney mortgage payments people are struggling to pay even though they are paying HUNDREDS OF THOUSANDS of dollars
towards a house that isn’t worth it. THEY ARE STUCK and not for just a year or two but for the life time of the loan or decades.
Now that will create a few extra coins for SOMEONE who is raking in interest for zero valued loans.
One guy is paying $3000 a month and his new neighbor with the identical house is paying $1350. One guy is a slave to his payments and the other guy is investing the extra $1650 a month at a place like: david cardin on facebook
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The bank makes money on both people but the one who owns a home not even worth what he is paying for, they make MORE. The Milken scenario worked perfectly in the late 80′s. Bankrupted possibly the richest county in America, Orange County. All those old “troopers” who worked their whole lives and their money went to the Mikeal Milkens of the Corporate world that could drive the economy so easily and QUICKLY into oblivion and into THEIR pockets. Not millions but BILLONS gone POOF and millions of average Americans lost individual fortunes.
What has happened today, the last 3-4 years? Enron didn’t scare anyone? BILLIONS being able to be manipulated and how many people benefited and how many were financially ruined. Older people who can’t “make it” again, who ALREADY had. POOF, into someones pocket, it did not disappear.
What is happening now hasn’t come close to finding its bottom. Too many people are paying for “air”, equity that was falsely believed in and not only no longer exists, NEVER REALLY DID.
We throw Billions of dollars around like it’s monopoly money, but we are talking Trillions of dollars being funneled to the few that already has “stolen” enough already. Now THEY, Big Corporation/Big Brother, dictates all wealth, therefore ALL of it’s inhabitants are “BEHOLDING” to their masters. Finders keepers losers weepers!
At the turn of the 19th century, the corporate steel, railroad, coal, copper controlled manpower through corrupt means, forced child labor, obscene working hours and conditions. Money driven interests of a few controlled millions of Americans and robbed them of dignity and human rights. The Rockefellers, Vanderbuilds, Carnegie’s and just a few others dictated policy and paid well for their contacts in Washington, the Constitution was put on hold for the machines of wealth to control America and it’s people. Distribution of wealth equals the condition of any society, and every civilization was faced with a similar situation we are in not only as Americans but as citizens of the world.
The awareness is SOOOOOOOOO tiny that “puppeteering” is now a science, whether it be Democrates or Republicans, the “wealth-mobile” controls ALL areas of government, so therefore all public and private policy that we depend on is controlled not of , by or for the People but of, by and for the Corporations. Tell Halliburton to get a competitive contract. How was it possible they were even in a position to control trillions of dollars of OUR funds? Sorry, just an example, BP oil will bankrupt a few of their subsideraries to show the public they can’t pay the price of clean-up or damage. The smoke will cloud their nest egg that is larger than anyone could even fathom.
When 10 or less percent owns 90% or more of the wealth and the 10% is shrinking, we got trouble beyond our sheeps mentality.
I have not quit, but I have changed. 5 years down here in paradise that is affordable, more so than living in poverty in the U.S. and being led to slaughter. I worked so hard and so long to believe I was making a living, and then I could lose it all in such a short time makes me angry. University of Calif. grad and all that “up the ladder shit”. It plateaued when someone else decided, not me. Made a lot of investments in a falsely ‘growing” economy. POOF, gone, and worked to pay off debt for industries that were being held up by false money promises. Housing market is dead, and there are millions of Americans that need housing, millions that lost homes they already were in. david cardin on facebook
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A party again OF the PEOPLE, BY the PEOPLE, and FOR the PEOPLE, not of, by, and for corporations. The PEOPLE are the masses, not the tiniest percentage that managed to not return an ACCEPTABLE percentage of wealth to those who got them the majority of the worlds present wealth in the first place.
I believe that you measure a normal persons self worth in the working world as if he gives his best he should have his basics of life covered and have a little more left over. That is disposable income, a amount of dollars or “wealth” he generated over and above necessities. That is the ability to put THAT extra money to what ever endeavor he desires. Toys, vacation, investments or to a GROWING bank account.
We do not have that now and will not if we continue with the present system. It does not work for the majority of human beings much less American citizens. OF, BY, and FOR the PEOPLE, that works in the long run.
I note one error in this article. ARGENTINA DID break down to a MAD MAX scenario in all but the wealthiest sections of major cities. In suburban and rural areas, as well as the poorer sections of the cities, it was and is MAD to the MAX.