Loading ...Part: “”I could see a situation where at the end the government owns all the corporations and all the government bonds and then we are back into socialism, into a planning economy,”
Comment:
Boy is he out of the loop. He must be losing his mind. What he said is very old news. It already happened. I mentioned 10 plus years ago, that the banks have been acting as a global gov’t.
You will NEVER hear or see my views on TV or radio. Globalization is global socialism. Global bankers are actually “the global gov’t”. They have the power to create money and credit out of thin air. Power to redistribute wealth among countries via exchange rate adjustments. It started in Ernest after WW II.
As for the “gov’t” owning all the businesses, that’s right in communist countries. The gov’t is the people, and all these huge corporations are owned by share holders, the public at large.
They don’t like or approve of small privately owned businesses because they can “cheat” on everything and get away with it. Unreported income, air water pollution etc. Big publically owned corporations (like GM Boeing) do as they are told and CAN’T take chances cheating.
As for “Currencies Around The World Race To ZERO”???? Huh?? People for decades figured it out and have been borrowing against future income to, or converting their un-spent excess money into “new money” called stocks bonds and real estate.
If anything, if stocks bonds and real estate go to zero, then yes there is no more money in storage. I doubt we will ever see and store or restaurant turn down a $100 bill.
If eventually the USA exits the global commune-ity, (like it and other countries will) and re-declares its Independence? How that would affect the global Federal Reserve Note? Then? I’m not sure what would happen. I’d have to think about that a while.