04-06-2023, 07:45 AM
On the one hand, everyone can see that we are in a period of rapid change and political turmoil. On the other hand, it's too easy to lose track of reality and panic over things that aren't so easily changed. I keep trying to warn that "economic collapse" does not mean you won't be able to buy food. It means some foods will be hard to get, but stuff produced locally will still be available to some degree. You won't starve unless you are too poor to have Internet access that allows you to read this.
For example, one issue the panic-vendors are selling is the collapse in the value of the US dollar on the world market. Keep in mind that consumer price inflation is fully intentional; it's part of the management of our economy through banking and so forth. If you know enough about standard economics teaching, then you might be in a position to understand just how messed up the West is in terms of economics in the first place. Michael Hudson addresses the economics we have all been taught, but points out the flaws.
But it's highly unlikely the US dollar will simply disappear from the market. There is too much value tied up in all the dollars out there in the world. Yes, holding dollars will expose other countries to US political leverage, but that leverage is not absolute. The value of the dollar will fall, but it won't be displaced by something else overnight. It takes time to move whole economies away from the dollar.
It will be rough, but not impossible. Our Lord knows how to handle these things.
For example, one issue the panic-vendors are selling is the collapse in the value of the US dollar on the world market. Keep in mind that consumer price inflation is fully intentional; it's part of the management of our economy through banking and so forth. If you know enough about standard economics teaching, then you might be in a position to understand just how messed up the West is in terms of economics in the first place. Michael Hudson addresses the economics we have all been taught, but points out the flaws.
But it's highly unlikely the US dollar will simply disappear from the market. There is too much value tied up in all the dollars out there in the world. Yes, holding dollars will expose other countries to US political leverage, but that leverage is not absolute. The value of the dollar will fall, but it won't be displaced by something else overnight. It takes time to move whole economies away from the dollar.
It will be rough, but not impossible. Our Lord knows how to handle these things.