“Although the perils of a global fiat system surely are apparent in today’s economic times, the replacing of nearly 200 central banks with a handful of centralized issuers within the regulatory regime of the United States is hardly an upgrade worth fighting for.”
~ Mark Goodwin
People View the Dollar As “The Great Satan” and Stablecoins As Cool and Fashionable, but They Are the Same Thing!
Stablecoins have the potential to become the largest expansion of money and credit in our history and to replace plans for CBDCs with control mechanisms that are even more secretive and lethal.
I haven’t made it to the solutions part of the interview so maybe this is addressed in that section…if they plan to devalue the dollar to better handle the debt, that means creating inflation, correct? If they engineer a serious increase in inflation, can they direct that inflation towards specific asset classes and keep it away from others? I’m in real estate so I’m particularly interested in the effects on property values. Could this inflate home prices even further? This goal would be contrary to their goal of a land grab. But if they want us to own nothing by 2030, could keeping home values unaffordable for a few more years be a goal? Or can they direct the inflation towards a specific asset class like stocks or crypto and keep it away from housing and land?
Crosscurrents – the inflation should drive land and real estate prices up. However, loss of income in most groups will lower the ability of most people to buy and own a home – demand destruction. This argues for the need to analyze local supply and demand curves. Assume Jackson Hole prices and first rate farmland or land with valuable minerals will be through the roof.
This is a great question. Do you follow Ed Dowd? He believes that housing prices are going to decline significantly as mass deportations and an aging/dying boomer generation ate putting many more properties on the market and there are fewer buyers. Maybe this will be how the Wall Street types will swoop in and grab up those assets?
One possible scenario is serious plunder. Depress the economy and then grab assets. There are other scenarios.
I haven’t made it to the solutions part of the interview so maybe this is addressed in that section…if they plan to devalue the dollar to better handle the debt, that means creating inflation, correct? If they engineer a serious increase in inflation, can they direct that inflation towards specific asset classes and keep it away from others? I’m in real estate so I’m particularly interested in the effects on property values. Could this inflate home prices even further? This goal would be contrary to their goal of a land grab. But if they want us to own nothing by 2030, could keeping home values unaffordable for a few more years be a goal? Or can they direct the inflation towards a specific asset class like stocks or crypto and keep it away from housing and land?
Crosscurrents – the inflation should drive land and real estate prices up. However, loss of income in most groups will lower the ability of most people to buy and own a home – demand destruction. This argues for the need to analyze local supply and demand curves. Assume Jackson Hole prices and first rate farmland or land with valuable minerals will be through the roof.
This is a great question. Do you follow Ed Dowd? He believes that housing prices are going to decline significantly as mass deportations and an aging/dying boomer generation ate putting many more properties on the market and there are fewer buyers. Maybe this will be how the Wall Street types will swoop in and grab up those assets?
One possible scenario is serious plunder. Depress the economy and then grab assets. There are other scenarios.