Friday, August 23, 2019

i've been re-posting this guy's stuff since i began this blogging effort, as he makes much sense;


In the last Depression 3 million Americans starved to death. Since then we have added 202 million people thanks the benefits the Elite get from unlimited legal and illegal immigration. I estimate that America will lose at least 50 million people in the period of the Troubles after the first Nationwide Food Riots.
Many of those 50 million will be leaving America because they will feel safer in their homeland after the violence erupts here.
Donald Trump took one Giant Step to devaluing the dollar when he pressured the Federal Reserve Board to cut interest rates. As a real estate investor, he is thinking of paying off his debts with cheaper dollars. Dream On.
In Jim Rickards new book he predicts a Mar a Lago Accords which like the Plaza Accords of 1985 will cut the value of the dollar.  The problem is that Americans are stretched thin. They are hurt by auto loans, student loans and credit card debt. An Australian economist took a look at incomes after taxes and payments. He found we have precious little we can afford to give up. Rents in many parts of America are sky high due to unlimited legal and illegal immigration. We countered the loss in income due to lower wages and higher rents caused by over population through immigration by printing money by the trillions and getting free stuff from foreigners.
60% of American money is overseas because we printed dollars and paid for things with I Owe You Nothing Federal Reserve Notes. Jim Rickards said eventually foreigners will just say No to giving us free stuff. I think the new IMF Accords on the dollar will come in two stages. First will come something like a 20% cut in the purchasing power of the dollar overseas. In the second phase your dollar will no longer be a reserve currency like the British pound used to be. There will be a point early in the 2020s when you will have to first buy an ounce of gold  for $10,000 US Federal Reserve notes before you can buy something from China or the Mideast or even Latin America. That is when imported goods increase 500% in price to American wage earners and pensioners.............https://vidrebel.wordpress.com/2019/08/22/first-nationwide-food-riots-then/#comments

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