Quote from jprad:
I agree, but only back when the coin of the realm was gold or silver.
Consolidating anything requires a plan, and the plan is pointless unless you build it to last.
We're in the age of fiat money and it looks to have lasted about 100 years.
Not too long.
If those who built this system understood the exponential function they would have built in measures to prevent it from collapse.
No, they designed it
too collapse
Thats why its a debt money system.
Total outstanding debts (public and private) grow parabolic while the productive capacity (GDP) required to pay those debts back grow incremental.
As time marches on, a greater and greater % of GDP is consumed just to pay the debt interest until finally, the Country defaults and the Creditors (Banks, who issued debt from nothing), take the Collateral - US, the United States of America.
Another way to consider it.
The total amount of all outstanding debts - public and private - is somewhere around 60 Trillion dollars.
At 5% interest, 3 Trillion dollars a year is required to pay just the Interest on that Debt.
Now, that comes from Income Tax, and also from the disposable income of households and earnings of Corporations.
The crux is total Money Supply (not M3), but total DEBT, grows at 3 to 10 Trillion dollars a year. Yet GDP, only 300 to 500 Billion a year.
That creates a widening shortfall of increasing velocity until the System Collapses - we hyper-inflate, everyone goes broke-ass broke, and the Banks foreclose on the Country.
Its a mathematical certainty. And the Key Reason why debt-money was chosen to begin with. A Slow Motion Logic Bomb that delivers entire Countries into the Hands of a Few...Legally.
As for spontaneous Oligarchies. Modern-day oil companies are a great example.
Crude drops from 150 to 60, and prices at the pump drop less than 20%. Sticky prices. Because there's no competition to keep them honest.
Unions are another form of Oligarchie. Create aritificial scarcity of employees by mandated membership, and wages go up (f'ing consumers).
After Katrina, internal memos were leaked from US Oil Refiners to shut-down working production. Artificial scarcity to jack prices.
This free-market stuff isn't a smoky room plot to defraud the public. Although, the participants know they're defrauding the public.
On the other hand, the FED Engineers - that WAS and IS a conspiracy of the highest magnitude. And its not even a "conspiracy" per se. All the information pertaining to its creation, logic and ownership are in the public record.
The real conspiracy is one of Silence, on the part of Media and Government who are willful accomplices to this debacle.