The fate of the Good Ship 'World Economy'"
Full screen recommended.
"Brace Yourself: The Perfect Storm
of Crises is Converging in 2023"
by Nick Giambruno
Excerpt: "Let me get straight to the point. There has rarely been a more dangerous perfect storm…That’s because severe crises are brewing on multiple fronts and converging. 2023 will be a pivotal year with profound social and investment implications and consequences.
If I had to condense it down to the single most important theme, it would be, without a doubt, rampant currency debasement. It’s an unstoppable investment trend you can bet on in 2023. This trend rests on the biggest distortion that has ever existed in the history of financial markets and the global economy. As I’ll discuss, the unwinding of this distortion has long been inevitable, but now it’s imminent.
That distortion is that most of mankind does not know what good money is. Although people use money every day, few consider what it actually is or what makes for a good money. Asking people, “what is money?” is like asking a fish, “what is water?” The fish probably doesn’t even notice the water unless it becomes polluted or something is wrong.
Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp. It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.
Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. That’s it. People have used stones, glass beads, salt, cattle, seashells, gold, silver, and other commodities as money at different times. Think of money as a claim on human time. It’s like stored life or energy.
Unfortunately, today most of humanity thoughtlessly accepts whatever worthless digital and paper scrips their governments give them as money. However, money does not need to come from the government. That’s a total misnomer that the average person has been hoodwinked into believing. It would be similar to transporting yourself back in time and asking the average person in the Soviet Union, “Where do shoes come from?" They would say, “Well, the government makes the shoes. Where else could they come from? Who else could make the shoes?”
It’s the same mentality here regarding money today—except it’s much more widespread with much bigger implications. Those entrusting government currencies with their life savings will soon experience a harsh economic reality check as this longstanding delusion gives in to reality… like the one former Soviet citizens received as communism crumbled.
This trend of rampant currency debasement is already in motion, accelerating, and unstoppable."
Full, highly recommended article is here:
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