Central Banking: Socialism for the Very Rich
In this report, I cover the early market action from London on Friday, February 8th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of crude oil.
Today I look into the institution of Central Banking ad point out again that maneco64's main mission is to expose the Central Banking model for what it is. I point out that centralized credit or Central Banking is one of the ten planks of the Communist Manifesto and that it goes totally against the freedom of the individual and free markets.
One of the most important points that I think people need to be aware of is that other theories like MMT (Modern Monetary Theory) is just a variation of the Communist Manifesto for addressing the wealth inequality that Central Banking has crested but actually does not espouse for freedom and free markets.
My conclusion is that we need to keep informing the general public that we do not need big government and central planning and that the free market is the best way forward and that money and currencies belong to the free market too.
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Good morning mario, The goal of socialism is communism. Vladimir Lenin. yes totally agree with your sentiments my friend, the rule of law! small government! sound money! free market and voluntary trade, decentralised crypto will i hope be the platform soon, have great day :)
Hi Andrew, Have a great day as well. I recommend this video and I think you will like it.
It is probably going to be hard to be self-sufficient when tax is going to go through the roof. Technically if the interest rate is not artificially low a lot of governments would be insolvent. But that has to change at some point. Which brings bankrupt government like drug addict with no money that would rob everyone in sight for the next fix.
There will be new and higher taxes and probably some form of wealth tax as well for the government to stay alive. I see no political will to alter from this set course so would print to infinity hyper inflation and collapse be the next stage?