Thu, 05 Dec 2013 18:28 CST
Many have used a pyramid to describe the power structure that the bulk of humanity is subject to – in even the smallest details of our lives. I would like to use it here to address the impending economic collapse, with an eye to explaining what might be going on behind the curtain – what is being hidden and why.
The vertical axis of the pyramid is often described as power, wealth, knowledge, etc. The shape of the pyramid describes the population distribution as measured by the vertical axis. The great bulk of humanity (us) inhabits the lower levels near the base, and the Controllers/Powers That Be/Elites inhabit the lofty levels near the peak.
Control of events at the macro level is administered from the top down by inducing divisions through particular areas in the pyramid. These divisions are made through the use of lies that are designed to achieve particular ends such as war, population reduction, strengthened control, wealth redistribution, etc, right down to plain misery and suffering of the masses.
This pyramidal system of divisions works so well because, at the micro level, we are walking pyramids – telling lies to ourselves and others about the nature of our inner and outer realities. And in between the top and bottom there are all manner of corporations, organizations, states, and groups that take on this pyramidal structure. So pyramids fit within pyramids, while efforts to control and manipulate repeatedly divides people. As above, so below.
In general, most divisions that we can see clearly (sometimes well after the fact) are induced across the lower levels of the pyramid as history can attest (local wars, uprisings, protests, politics). The level in the pyramid at which such division originates may be low and motivated by some private interest gain. But on rare occasions a division is introduced vertically down the pyramid, affecting nearly all levels at the same time. One of these is coming in the form of the collapse of the US Dollar Reserve currency.
The US Dollar Reserve
Would the collapse of the US dollar come as a surprise? History tells us it shouldn’t. On its current trajectory, it seems destined to go the way every other fiat currency in history has gone – towards destruction and collapse. Money creation via debt issuance must be balanced with economic growth. As the debt burden increases, growth increase is required, and when this growth falters, so does the entire system unless the debt is expunged. So, the only questions for the Dollar are:
- When will collapse happen?
- Is there a finger hovering above the “Destruct” button?
The difference this time around is that the whole world would be affected if and when a new currency Reserve is selected as a medium for the global balance of trade.
For many, the refusal of most to even consider what seems to me to be a fairly imminent and inevitable collapse, and prepare for its consequences, is an excellent example of normalcy bias – a form of wishful thinking that paralyzes rational thought processes. If yesterday was the same as the day before, then tomorrow will be the same as today.
The US Constitution clearly states that Congress shall coin money of gold and silver. So, what happened to the US dollar? Despite the best efforts of some good folks – among them past presidents – we ended up with a privately owned Central Bank, the Federal Reserve. Federal Reserve notes (paper currency) originally declared direct convertibility to gold, but this was lost to US citizens when gold was confiscated by FDR and revalued upward to $35 per ounce from $20.67, devaluing the dollar by 40% (and attracting much foreign gold into the country). After World War II, the Bretton Woods Agreement among nations established the US dollar as a World Reserve currency and provided for convertibility to gold for any nation’s positive trade balance held in dollars. But by 1971 the US gold stock had plummeted from 25,000 tons (at peak) to 8,000 tons. Then Nixon closed the gold convertibility window, and the entire Dollar Reserve system became nothing more than a paper promise (Ponzi pyramid).
Uploaded on Jan 2, 2012
January 01, 2012 C-SPAN