The British pound is the oldest fiat currency in existence at 321 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
main reason was the entry into depletion for conventional crude oil. 11 million barrels per day in 1970, production starts falling, profits falling, EXPORT EXPORT. 3 or 4 million barrels per day now in 2023. Unconventional tight oil was known at the time but not obtainable. That is also now entering the down slope of depletion as we speak, the end of globalism.
Chasing profits was just the ways and means committee in action for chopping the productive sector of the US work force up into pieces to transition into service oriented job landscape to cater to all that remained- consumers. Sort set the stage for the snake eating its tail.
Great plan if the plan is to kill the beauty of innovation and life on the macro scale.
I’m grateful for the few bright and shiny friends here.
Because the 'lawmakers' invested in overseas companies, and then destroyed US companies through legislation, to profit through their oversea investments.
Destroying the filament lightbulb industry is just one example.
The bolsheviks blamed the kulak farmers of Ukraine, which led to the famine of 1933. I can see erie parallels with the freedom convoy in Canada, and the overall whitewashing of rednecks as trailer trash. Nature doesn't forget, and doesn't forgive. Nature just is, and will be teaching us all a hard lesson in self-reliance soon I believe.
Globalists inner cabal is interacting as though currency we know of as "money" is really no object to them.
They call themselves Stakeholders, engaging in their Stakeholder capitalism. This is an economy of power; it relies on "compliance" as currency, the coin is Loyalty. Members of this exclusive Criminal Family go to great lengths to keep both money and power. They want to exercise brutal government control over everyone. The answer to this is Self Reliance. Growing your own food, making your own goods.
It is a very nuanced line, and that’s why it works so well. Makes plausible deniability easier on all sides. The dependent majority, the ‘useless eaters’ in some eyes, do have culpability as well. It’s a relationship, the master-slave dynamic. Sure, lots of it is beyond our control and puts us in a ‘victim’ status--like the chemtrails, the fluoride, the crimes against us as children, etc. But some of this Americans have done to themselves even as the evidence and the alternatives present themselves all around. The programming is severe, but much of the prison is of the mind and still escapable. Perhaps for a limited time only.
I think not 80's but 70's. Or earlier. Japan, Inc. Steel factories built overseas. In the 1970s, many U.S. corporations began to shut down their plants in high wage areas and relocated them in the newly industrialized, cheap labor areas of South Korea, Hong Kong, Taiwan, and Singapore. Low-skilled workers in U.S. industry have experienced the biggest losses.
The British pound is the oldest fiat currency in existence at 321 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
The USD became fiat in 1971.
main reason was the entry into depletion for conventional crude oil. 11 million barrels per day in 1970, production starts falling, profits falling, EXPORT EXPORT. 3 or 4 million barrels per day now in 2023. Unconventional tight oil was known at the time but not obtainable. That is also now entering the down slope of depletion as we speak, the end of globalism.
https://d32r1sh890xpii.cloudfront.net/tinymce/2020-06/1592519397-o_1eb4oqs6j1nse1v901i6f1s04do58_large.jpg
'Self evident' means 'I know nothing about chemical processing and speak from brash assumptions'.
Chasing profits was just the ways and means committee in action for chopping the productive sector of the US work force up into pieces to transition into service oriented job landscape to cater to all that remained- consumers. Sort set the stage for the snake eating its tail.
Great plan if the plan is to kill the beauty of innovation and life on the macro scale.
I’m grateful for the few bright and shiny friends here.
Because the 'lawmakers' invested in overseas companies, and then destroyed US companies through legislation, to profit through their oversea investments.
Destroying the filament lightbulb industry is just one example.
The bolsheviks blamed the kulak farmers of Ukraine, which led to the famine of 1933. I can see erie parallels with the freedom convoy in Canada, and the overall whitewashing of rednecks as trailer trash. Nature doesn't forget, and doesn't forgive. Nature just is, and will be teaching us all a hard lesson in self-reliance soon I believe.
Globalists inner cabal is interacting as though currency we know of as "money" is really no object to them.
They call themselves Stakeholders, engaging in their Stakeholder capitalism. This is an economy of power; it relies on "compliance" as currency, the coin is Loyalty. Members of this exclusive Criminal Family go to great lengths to keep both money and power. They want to exercise brutal government control over everyone. The answer to this is Self Reliance. Growing your own food, making your own goods.
It is a very nuanced line, and that’s why it works so well. Makes plausible deniability easier on all sides. The dependent majority, the ‘useless eaters’ in some eyes, do have culpability as well. It’s a relationship, the master-slave dynamic. Sure, lots of it is beyond our control and puts us in a ‘victim’ status--like the chemtrails, the fluoride, the crimes against us as children, etc. But some of this Americans have done to themselves even as the evidence and the alternatives present themselves all around. The programming is severe, but much of the prison is of the mind and still escapable. Perhaps for a limited time only.
I think not 80's but 70's. Or earlier. Japan, Inc. Steel factories built overseas. In the 1970s, many U.S. corporations began to shut down their plants in high wage areas and relocated them in the newly industrialized, cheap labor areas of South Korea, Hong Kong, Taiwan, and Singapore. Low-skilled workers in U.S. industry have experienced the biggest losses.
Yes, it was all about profits.