Monetary Malpractice has resulted in unprecedented levels of moral hazard and unintended consequences. This Monetary Malpractice has left global capital markets bordering on the precipice of becoming dysfunctional. This growing danger is reflected in the degree to which non-performing loans against malinvestments has become commonplace across a broad array of global economies and business sectors.
REAL Wealth and Income creation is in FREE FALL. Recovery will not come from more of past policies. Confiscation of wealth also known as:
- More regulation,
- Debt creation (borrowing from the future),
- More taxes and
- Currency debasement
..... has killed the developed world economies! For decades developed world governments and Keynesian economists have HIDDEN the unfolding demise of their private sectors and wealth creation.
A powerful study recently released by Harvard University, entitled "Prosperity at Risk", points out that business leaderships overwhelmingly see America's:
- Tax Code,
- Political system,
- K-12 education system,
- Macroeconomic policies,
- Legal framework,
- Regulations, infrastructure, and
- Workforce skills,
as the greatest current or emerging weaknesses in the U.S. business environment.
No amount of political spin will change the course of the economies of the developed world. Structural change must be implemented to restore incentives to produce and create wealth in the private sector.
In reality, private property has been abolished and capital will flee or go on strike until it is restored!
As wealth creation and economies fail, the redistribution of wealth and funding of inextinguishable and unpayable debt and entitlements has and will fall onto the printing presses (soft default of the printing press) and public (falling living standards as the value of the money they use and store their wealth in loses it purchasing power).
In this comprehensive three part series, Gordon T Long and Ty Andros are hard hitting, and call it out with over 90 slides to support their conclusions.
Counterfeit Economies - Part I
23 Minutes, 31 Slides
Counterfeit Economies - Part II
23 Minutes 28 Slides
Counterfeit Economies - Part III
22 Minutes, 31 Slides
