www.debtcrash.report

A Simple Guide to the Most Important Subject You Never Learned In School, What Our Money Is, Its History, and an Analysis of a Failing System.

US Strength in the Upcoming Monetary Shift

US Strength in the Upcoming Monetary Shift

There is one thing that the current Austrian economic minded Libertarian community seems to pride themselves on and that is challenging the mainstream narrative.  I count myself among them.   I would like to turn some of that skepticism back on some of the standard trains of thought that are often touted as self evident by many among us in a series of posts.

The first accepted ‘fact’ I would like to question is that during the next world monetary overhaul the United States will be doing so from a position of weakness.  Here is a quote from Mike Maloney when answering a question about which countries will be hurt most and which ones will do well in the upcoming turmoil when the current system comes crashing down:  “The countries where most of the currency supply is base money circulating as paper bills in the public are going to suffer a whole lot less than countries like the United States that is rigged up on credit that’s leveraged by credit that’s leveraged by credit.”  This quote exemplifies how many Americans with an Austrian economic view feel the US will fare when the crisis happens and a new system is required.  I certainly agree with much of what Mike has to say but this belief that the US will fare the worst in the monetary shift at very least should have its merit evaluated.  

Let’s be honest the nations that are leveraged on credit over and over, China included, are the most powerful in the world and I wonder if those that have the majority of their money supply in paper bills will even have a seat at the table in determining what the next  world monetary system will be.  But before we get too deep into other nations pro’s and con’s let’s look at the United States objectively to see if they will have a seat at that table.

Think of the technological changes that make our world different and arguably better than the world of 30 years ago.  Certainly computers come to mind, the internet and all of the advantages it has brought.  Online commerce has revolutionized nearly everything, from how we make purchases, banking/investing, news, to communication.  I would also put GPS near the top of the list of new inventions of the past few decades.  Apple has been the main developer in bring all of this to our fingertips with iPads and iPhones.  One of the most impressive aspects of these devices is how some of their features are what I pictured 25 years ago as futuristic but feel like an afterthought and taken for granted.  Facetime is one of these features, as a kid I always imagined the step after telephones would be to see the person you were talking to.  Of course teleconference has been around a while but Apple’s face time certainly took it to the next level, and I don’t even remember Apple advertising about it.

What do all of these innovations have in common, well that’s pretty easy, they are all American. For whatever reason the US is still, by far, the most innovative nation on earth, and don’t kid yourself, this is no small advantage.

The US is also a resource rich nation, the US may not have the most natural resources but have much more to work with than countries like Japan, or the UK.

I know there are the rumors that the 8133 tons of US gold reserves are gone and though that may be possible I think it is much more likely that the gold is still in the vaults, though it may be leased out.  Even if it is leased out, as we have all heard, possession is 9/10ths of the law, and if there are multiple claims on that gold, the US being one of them, I have no doubt who would end up controlling it.  With China’s holdings in question I don’t know if those 8133 tons will put the US at the top of the gold holding list but it is still significant. 

As we all know the US was the head of the coalition that hammered out the Bretton Woods monetary system after World War 2 as well as unilaterally ushered in the following monetary system when Nixon suspended the convertibility of the dollar into gold in ‘71.  There is no question that these monetary systems have gotten us into this mess but who would know better the flaws of our monetary system, when it might come crashing down, and be able to deal with the fallout of its failure than the architect?  I have my doubts about the powers in banking and the government being as clueless as many in our community seems to think.

There are certainly other advantages such as a powerful military, and strong corporate and governmental institutions, and we know there is a long list of disadvantages but let’s take a look at the rest of the world for a moment to see what the US is up against.

While on most points I agree with Peter Schiff, as with Mike Maloney, his focus on the flaws of the US economy appears to make him blind to the deficiencies of other nations.  If my father were the political prisoner in a nation I would have some pretty strong biases as well. Unfortunately his bias allowed him to favor Japan in recent years when the issues of Japan are similar to the United States only on steroids. 

Europe as a whole is a basket case, and there will be no real leadership coming from there until they realize the monetary union is a failure.  Depending on the time line the fallout from that failure will probably follow through into the next monetary system.  In addition, after the financial crisis, the US essentially recapitalized its banking system, even if immoral to do so.  Europe never recapitalized, and this is why they are so much more levered than the US banks, yet another issue that will have to be dealt with that will hamper the European powers.

For some reason alternative media seems to embrace Russia, but they’re economy is overly dependent on the resource sector not to mention thoroughly corrupt. 

Another one of Schiff’s darlings is China, and there is no doubt China is an economic force to be reckoned with in the 21st century, yet she is far from perfect.  The leaders of China over the past few decades have taken note of what works, namely capitalism, and it has done what it does best and brought prosperity to many.  That said those same leaders have not been able to let go of one of, if not the biggest enemy of capitalistic prosperity, central planning.

China’s monetary system is still debt based and as such it has developed far too much debt, granted it is in the private instead of public sector, although the line between private and public sector is much more blurred than in other advanced economies.  That debt being in the ‘private’ sector hasn't prevented misallocation of resources with not just empty buildings but empty cities built.  Like Russia, corruption is rampant in China, and the one thing the leaders fear is a massive population that is not easy to placate without constant economic growth.

There is no question that China is gaining market share on the world stage and may even be more than an equal to the US during the upcoming monetary changes.  Though they may be a balance to the US, I doubt they will be a replacement.

I listed the US being at the center of the past monetary systems as a possible advantage, where as critics may see this as the reason the US should bear the brunt of the repercussions for its failure.  While I certainly understand wanting to see punishment for those that are responsible, it is no way to rationally analyze what nation will be hurt most in the next monetary shift.  Our world is often not fair.   

 

There is no question that watching the US get burned in a economic collapse would feel like justice, but those who take it as a given may be satisfying what they want for the future and not performing their due diligence as analysts.  We must not only question the mainstream’s commonly held beliefs but also some alternative beliefs that we may take for granted.  

 

Again, if this doesn’t make any sense please read my first post: http://www.debtcrash.report/entry/history-and-introduction

Rate this blog entry:
14
Bitcoin an E-Dollar Beta Test?
Recent Trends Toward the E Dollar

Related Posts

Comments 10

 
Guest - jim on Wednesday, 01 April 2015 14:58

Triffin dilemma. Sdr's transformed into Bancor. This was already talked about so long ago. It was asked for in 2008 by the Chinese. The UN and IMF 2010 report is available if you look, and it's a very easy read about what will take place. Everyone knows but... It is most obvious to me. If you were going to do a final tally the of world currencies into a new world currency. Yes it value is important but maybe more so the quantity of currency. The U.S. got at lead on printing vast quantities and very obvious to everyone, printing 85 billion a month at it's last peak didn't create devaluing of the currency

0
Triffin dilemma. Sdr's transformed into Bancor. This was already talked about so long ago. It was asked for in 2008 by the Chinese. The UN and IMF 2010 report is available if you look, and it's a very easy read about what will take place. Everyone knows but... It is most obvious to me. If you were going to do a final tally the of world currencies into a new world currency. Yes it value is important but maybe more so the quantity of currency. The U.S. got at lead on printing vast quantities and very obvious to everyone, printing 85 billion a month at it's last peak didn't create devaluing of the currency
Guest - B.Strong on Thursday, 02 April 2015 13:36

Jim...you're on the money. The 2008 report reintroduced by the Chinese and later weighting the options 2010 are on the missing implementation of the Keynes Tract of 1924... SDR's are an option, an Asian based Currency backed by gold or good old American dollars backed by nothing but innovation and promise. A system such as Bitcoin can be a perfectly utilized tool to transfer inter governmental debt between nations. Besides monetary reasons, I believe the US is in the drivers seat holding a country like China ransom. Pardon my rhetoric, but what other nation on earth can consume as much useless Chinese made shit than America...

0
Jim...you're on the money. The 2008 report reintroduced by the Chinese and later weighting the options 2010 are on the missing implementation of the Keynes Tract of 1924... SDR's are an option, an Asian based Currency backed by gold or good old American dollars backed by nothing but innovation and promise. A system such as Bitcoin can be a perfectly utilized tool to transfer inter governmental debt between nations. Besides monetary reasons, I believe the US is in the drivers seat holding a country like China ransom. Pardon my rhetoric, but what other nation on earth can consume as much useless Chinese made shit than America...
Guest - genomir on Friday, 22 May 2015 03:20

USA's economy is leveraged by credit as the PRC's but don't forget that PRC is the biggest net importer of gold and the biggest buyer of gold mines all over the world plus china is at one of the top positions in the world for mining gold in their territory. And PRC don't sell even a gram of the gold harvested in the country. And IMHO when the shift comes an economy leveraged on credit which credit is assured by more credit, i.e. USA will have to bend and economy which is leveraged by credit assured with gold, i.e. PRC will be the one that sticks whatever they want in the asses of the bent ones. if you don't agree with me just remember my comment in the end of the year. the empire masters have moved east and share bed with PRC in a very obvious way or said in another way it is the final minutes of the last quarter of the match and the bookies already knows the end result.

0
USA's economy is leveraged by credit as the PRC's but don't forget that PRC is the biggest net importer of gold and the biggest buyer of gold mines all over the world plus china is at one of the top positions in the world for mining gold in their territory. And PRC don't sell even a gram of the gold harvested in the country. And IMHO when the shift comes an economy leveraged on credit which credit is assured by more credit, i.e. USA will have to bend and economy which is leveraged by credit assured with gold, i.e. PRC will be the one that sticks whatever they want in the asses of the bent ones. if you don't agree with me just remember my comment in the end of the year. the empire masters have moved east and share bed with PRC in a very obvious way or said in another way it is the final minutes of the last quarter of the match and the bookies already knows the end result.
Guest - CaptDebtCrash on Friday, 22 May 2015 06:09

genomir,

Good comments and I think it is certainly possible a significant amount of power may shift east. The point of the post was just to question the narrative that the US will become a third world nation after the shift. I like your suggestion to allow the future be the determine the validity of claims, there's no point in arguing to much, the future will tell the tail.

I did find this interesting:

"And IMHO when the shift comes an economy leveraged on credit which credit is assured by more credit, i.e. USA will have to bend and economy which is leveraged by credit assured with gold, i.e."

I would like to emphasize that both the US and China are on a strictly debt based monetary systems, both severely levered the difference being for the US it is private debt and for China it is private. As you know the gold holdings of both nations are separate from the monetary mechanisms at this time. China's holding are undoubtedly much higher than reported, but still fall significantly short of the US on a per capita basis. I do believe that China will gain power during the shift, but I simply doubt they will replace the US as THE economic super power, a balance to the US, sure, but not a replacement. Again let's let time be the arbitrator.

0
genomir, Good comments and I think it is certainly possible a significant amount of power may shift east. The point of the post was just to question the narrative that the US will become a third world nation after the shift. I like your suggestion to allow the future be the determine the validity of claims, there's no point in arguing to much, the future will tell the tail. I did find this interesting: "And IMHO when the shift comes an economy leveraged on credit which credit is assured by more credit, i.e. USA will have to bend and economy which is leveraged by credit assured with gold, i.e." I would like to emphasize that both the US and China are on a strictly debt based monetary systems, both severely levered the difference being for the US it is private debt and for China it is private. As you know the gold holdings of both nations are separate from the monetary mechanisms at this time. China's holding are undoubtedly much higher than reported, but still fall significantly short of the US on a per capita basis. I do believe that China will gain power during the shift, but I simply doubt they will replace the US as THE economic super power, a balance to the US, sure, but not a replacement. Again let's let time be the arbitrator.
Guest - Genomir on Friday, 22 May 2015 08:30

CaptDebtCrash,

you are right in your conclusions but one must not forget the broader picture and the agenda that PRC and RF (and partly the other BRICS nations) are pushing ahead, i.e. multilateral power structure. again IMHO I think that PRC and RF (and the shadow masters of the world) will set up some very big black swan event in the 12th hour just before the power shift (maybe some weeks after the IMF meeting about the yuan and the SDR, which I am 100% sure will bring the renmibi to the SDR basket) and when the shit hit the fan in US of A they (PRC and RF) will be the heroes of the day because they will come and help the US people. I am not sure how this will happen in details but don't forget that PRC and RF are the biggest debt holders of US national debt. Maybe they will propose to restructure it or PRC will start pouring its billions upon billions upon trillions of $$ in infrastructure projects in the US (the soft power projection that is already tested in the immediate neighborhood) and RF maybe will propose a joint exploration of the Arctic (it is no secret that the best know how in the mineral/oil extraction belongs to the Russians but not so much Russians prefer to wok on drilling rigs and in instant killing temperatures so the American people maybe will given the chance of becoming once again a nation that produce real commodities and not only the so called FIRE).

Regarding the so called gold matter I am not 100% agree with you. Yes the physical gold in US is more per capita than the gold in PRC (per official data, which no more bears credibility thanks to FED and BoA) but don't forget that very big part of the US gold is property of other sovereign states and the most important this gold is handled by a private organization and not by the US government itself (this is one of the trickiest part in the equation because it is very, very big variable and I think that no one can predict what the FED will do with this gold). Also don't forget the unique political structure of PRC, this private debt can be very easily absorbed by the government only with a signature. Also it is not only the gold matter. First of all you have to think for all this stuffs that defines sovereign national security. PRC are addressing these issues from almost 20 years and US of A are thinking that the big weapons and the biggest military budget plus the reserve status of the $ are the only pillars of their national security, i.e national agriculture is owned by corporations like Monsanto which just destroy the land (PRC is the biggest purchaser of agricultural land in the world), US internal societal pressure is on the verge of blowing off the lead (PRC don't even know what this is) and maybe one of the biggest game changers will be that more and more nations comes to the wing of PRC (even Japan took rapprochement steps toward RF and make no mistake they want to heat their relations with PRC trough the RF, if Abe sings deal with Putin he will visit PRC next) and more and more nations starting to draw lines between them and USA (even the MSN is showing sings of not supporting the US of A narrative anymore).
And one other thing that I think is very important for this topic. China was empire thousands of years before and managed to stay tall and relevant in the ever changing world. Chinese elites know how to wait and know how to plot which bring us to the aspect of History. I will ask you just one question related to events not so long ago. Do you think that the US elites exported all producing to PRC and its satellites only leaded by greed?!?! The answer is no! US of A technically bankrupt three times during the Cold War and the masters hiding in the shadows knew that the ponzi scheme could not be sustained for infinite time, i.e the shift in power from west to east has started more than 30 years ago. WE the normal people are seeing this shift only just because the shift is in the final phase. And make no mistake there will be chaos ahead because without chaos the masters of the world won't be able to sell the new post dollar world order.
These are my thought in short about this topic. Sorry that I am not going as it should be (references, direct facts, links and so on) but I am at work and don't have the time but I tried to be as objective as one can be and I stay with my name behind my words - Evgeni Chifligarov, because I know that I didn't say/type a single lie.

Peace

0
CaptDebtCrash, you are right in your conclusions but one must not forget the broader picture and the agenda that PRC and RF (and partly the other BRICS nations) are pushing ahead, i.e. multilateral power structure. again IMHO I think that PRC and RF (and the shadow masters of the world) will set up some very big black swan event in the 12th hour just before the power shift (maybe some weeks after the IMF meeting about the yuan and the SDR, which I am 100% sure will bring the renmibi to the SDR basket) and when the shit hit the fan in US of A they (PRC and RF) will be the heroes of the day because they will come and help the US people. I am not sure how this will happen in details but don't forget that PRC and RF are the biggest debt holders of US national debt. Maybe they will propose to restructure it or PRC will start pouring its billions upon billions upon trillions of $$ in infrastructure projects in the US (the soft power projection that is already tested in the immediate neighborhood) and RF maybe will propose a joint exploration of the Arctic (it is no secret that the best know how in the mineral/oil extraction belongs to the Russians but not so much Russians prefer to wok on drilling rigs and in instant killing temperatures so the American people maybe will given the chance of becoming once again a nation that produce real commodities and not only the so called FIRE). Regarding the so called gold matter I am not 100% agree with you. Yes the physical gold in US is more per capita than the gold in PRC (per official data, which no more bears credibility thanks to FED and BoA) but don't forget that very big part of the US gold is property of other sovereign states and the most important this gold is handled by a private organization and not by the US government itself (this is one of the trickiest part in the equation because it is very, very big variable and I think that no one can predict what the FED will do with this gold). Also don't forget the unique political structure of PRC, this private debt can be very easily absorbed by the government only with a signature. Also it is not only the gold matter. First of all you have to think for all this stuffs that defines sovereign national security. PRC are addressing these issues from almost 20 years and US of A are thinking that the big weapons and the biggest military budget plus the reserve status of the $ are the only pillars of their national security, i.e national agriculture is owned by corporations like Monsanto which just destroy the land (PRC is the biggest purchaser of agricultural land in the world), US internal societal pressure is on the verge of blowing off the lead (PRC don't even know what this is) and maybe one of the biggest game changers will be that more and more nations comes to the wing of PRC (even Japan took rapprochement steps toward RF and make no mistake they want to heat their relations with PRC trough the RF, if Abe sings deal with Putin he will visit PRC next) and more and more nations starting to draw lines between them and USA (even the MSN is showing sings of not supporting the US of A narrative anymore). And one other thing that I think is very important for this topic. China was empire thousands of years before and managed to stay tall and relevant in the ever changing world. Chinese elites know how to wait and know how to plot which bring us to the aspect of History. I will ask you just one question related to events not so long ago. Do you think that the US elites exported all producing to PRC and its satellites only leaded by greed?!?! The answer is no! US of A technically bankrupt three times during the Cold War and the masters hiding in the shadows knew that the ponzi scheme could not be sustained for infinite time, i.e the shift in power from west to east has started more than 30 years ago. WE the normal people are seeing this shift only just because the shift is in the final phase. And make no mistake there will be chaos ahead because without chaos the masters of the world won't be able to sell the new post dollar world order. These are my thought in short about this topic. Sorry that I am not going as it should be (references, direct facts, links and so on) but I am at work and don't have the time but I tried to be as objective as one can be and I stay with my name behind my words - Evgeni Chifligarov, because I know that I didn't say/type a single lie. Peace
Guest - CaptDebtCrash on Friday, 22 May 2015 08:59

Genomir,

Again great points, I enjoyed reading them. Remember the point of my post was to induce thought, with a dose of playing devils advocate, though I do stand by the points I made and believe the strengths the US possesses are often ignored.

I do believe that the PRC does take a longer view when planning, but this is still central planning which historically not been very successful. Even with this cultural 'long view' they still spent much of the 20th century a basket case, and while their rise has been spectacular, the dark times were not that long ago. Their population also has a propensity for revolt and unrest, which can throw a wrench in central plans.

If you wanted to take the time to gather the proper research and references I would happily consider putting up a guest counter post to my piece. You can send it directly to me at debtcrash@gmail.com.

Thanks again,

Capt.

0
Genomir, Again great points, I enjoyed reading them. Remember the point of my post was to induce thought, with a dose of playing devils advocate, though I do stand by the points I made and believe the strengths the US possesses are often ignored. I do believe that the PRC does take a longer view when planning, but this is still central planning which historically not been very successful. Even with this cultural 'long view' they still spent much of the 20th century a basket case, and while their rise has been spectacular, the dark times were not that long ago. Their population also has a propensity for revolt and unrest, which can throw a wrench in central plans. If you wanted to take the time to gather the proper research and references I would happily consider putting up a guest counter post to my piece. You can send it directly to me at debtcrash@gmail.com. Thanks again, Capt.
Guest - genomir on Friday, 22 May 2015 10:16

sorry Capt.,
in my last post I forgot to made my conclusion and got lost ин this never-ending mess called contemporary world :)
so you are indeed right especially with this one:
"Remember the point of my post was to induce thought, with a dose of playing devils advocate, though I do stand by the points I made and believe the strengths the US possesses are often ignored.''

but first let me introduce my conclusive thoughts in this topic. I think what is happening the last 7 years is some kind of decoupling between the powers in shadows and the neocon wing in the US of A mostly because the real neocons and their system of cronies pushing too much their agenda which is not exactly an agenda but more like the way they are handling stuffs in the process of scoring the planned goal (the goal is whatever the masters told them). so IMHO (maybe i should stop using this) the masters get tired with the US of A necon elites and now they would be subdued and bend in the multilateral power grid by PRC and RF and the ideas of еxceptianalism and the power of one (yes this represents also the cult to individuality in the western civilizations) will be removed from the table and this will send very powerful massage trough the masses. I am not sure how this massage will be glossed and sugared but this massage will push the main goal of the masters - central planning and full control, globally. the scene is in the process of setting up - the markets are in some kind of haywire crushing mode, the global situation has never been so disturbed and over-saturated with all kinds of conflicts and wars in peace time, the climate is changing and a vaziliion other things and UN speaks for some kind of global planned road-map (i.e. economy) like a way for getting out of this situation in their sessions.

Peace

0
sorry Capt., in my last post I forgot to made my conclusion and got lost ин this never-ending mess called contemporary world :) so you are indeed right especially with this one: "Remember the point of my post was to induce thought, with a dose of playing devils advocate, though I do stand by the points I made and believe the strengths the US possesses are often ignored.'' but first let me introduce my conclusive thoughts in this topic. I think what is happening the last 7 years is some kind of decoupling between the powers in shadows and the neocon wing in the US of A mostly because the real neocons and their system of cronies pushing too much their agenda which is not exactly an agenda but more like the way they are handling stuffs in the process of scoring the planned goal (the goal is whatever the masters told them). so IMHO (maybe i should stop using this) the masters get tired with the US of A necon elites and now they would be subdued and bend in the multilateral power grid by PRC and RF and the ideas of еxceptianalism and the power of one (yes this represents also the cult to individuality in the western civilizations) will be removed from the table and this will send very powerful massage trough the masses. I am not sure how this massage will be glossed and sugared but this massage will push the main goal of the masters - central planning and full control, globally. the scene is in the process of setting up - the markets are in some kind of haywire crushing mode, the global situation has never been so disturbed and over-saturated with all kinds of conflicts and wars in peace time, the climate is changing and a vaziliion other things and UN speaks for some kind of global planned road-map (i.e. economy) like a way for getting out of this situation in their sessions. Peace
Guest - Dindu Nuffins on Monday, 25 May 2015 10:11

The religiosity of people like genomir is a bit unsettling, believing that China and Russia are going to aid the American people after a crisis. Yeah, two autocratic statists are exactly the messiahs to bring good-feels to a shattered America. Look at the Uighurs and the Chechens for examples.

And China is not filled with "long-term thinkers" as the hokey mumbo-jumbo goes. You've got a stock market going parabolic right now, after a housing market went parabolic and is now crashing, after a gold market went parabolic and has thoroughly crashed. Yes, dispense with the conspiracies... every fool knows that Chinese speculators bid up the gold markets in 2009-2011 with the trillions of credit expansion that state banks were ordered to unleash by the CCP.

"Private debt" indeed. In China, private is still public.

0
The religiosity of people like genomir is a bit unsettling, believing that China and Russia are going to aid the American people after a crisis. Yeah, two autocratic statists are exactly the messiahs to bring good-feels to a shattered America. Look at the Uighurs and the Chechens for examples. And China is not filled with [i]"long-term thinkers"[/i] as the hokey mumbo-jumbo goes. You've got a stock market going parabolic right now, after a housing market went parabolic and is now crashing, after a gold market went parabolic and has thoroughly crashed. Yes, dispense with the conspiracies... every fool knows that Chinese speculators bid up the gold markets in 2009-2011 with the trillions of credit expansion that state banks were ordered to unleash by the CCP. "Private debt" indeed. In China, private is still public.
Guest - Genomir on Monday, 25 May 2015 10:27

and even if we dispense the conspiracy theories in the end do you think that such leviathan will suicide itself for the sake of the other mega bubble economy (US of A) to reemerge and gain hold for some 20-30 more years? Also do you think that all these powerful financial circles that put the clothes of world hegemon on US of A will chose the same actor for the next part of the show?
All this trillions in stocks and bonds, all the miss-priced assets and the qEconomy paradigm are created not by mistake but by design because the price for the civilization has to be paid not by money but by people. These powerful circles knows that fast transaction can't be made as it was made twice in the last century in the current environment (:more than 1 nuke state:) because it will wiped all this thing called civilization. If you deny the complexity of what's going on and renders it just zero-sum economy game try to research this - what will happen if china collapsed with USA and what will happen if USA collapsed to China?

0
and even if we dispense the conspiracy theories in the end do you think that such leviathan will suicide itself for the sake of the other mega bubble economy (US of A) to reemerge and gain hold for some 20-30 more years? Also do you think that all these powerful financial circles that put the clothes of world hegemon on US of A will chose the same actor for the next part of the show? All this trillions in stocks and bonds, all the miss-priced assets and the qEconomy paradigm are created not by mistake but by design because the price for the civilization has to be paid not by money but by people. These powerful circles knows that fast transaction can't be made as it was made twice in the last century in the current environment (:more than 1 nuke state:) because it will wiped all this thing called civilization. If you deny the complexity of what's going on and renders it just zero-sum economy game try to research this - what will happen if china collapsed with USA and what will happen if USA collapsed to China?
CaptDebtCrash on Tuesday, 26 May 2015 04:58

Subersive, thanks for the heads up. Simply a misspelling.

0
Subersive, thanks for the heads up. Simply a misspelling.

Coinbase

Coinbase is an easy and secure way to buy and store Bitcoin. 

Follow this link for more information or to open an account.   

Enjoy The Debtcrash Report? Scan Below, Bitcoin Donations are Appreciated

Latest Posts

CaptDebtCrash
24 July 2015
DebtCrash.Report
Rate this blog entry:
1
CaptDebtCrash
08 July 2015
DebtCrash.Report
Rate this blog entry:
4
CaptDebtCrash
27 May 2015
DebtCrash.Report
Rate this blog entry:
9
CaptDebtCrash
07 March 2015
DebtCrash.Report
Rate this blog entry:
15
CaptDebtCrash
22 February 2015
DebtCrash.Report
Rate this blog entry:
22
CaptDebtCrash
19 February 2015
.
DebtCrash.Report
Rate this blog entry:
62