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While economic topics may not be the most exciting, I have news for you, they are necessary.
If you plan on being prepared for a disaster and understanding the threats you face as a nation you need to get your hands on some material that is readable on the economy. If you can grasp cause and effect than you will get a whole new outlook on our economic situation.
The consequences of incomprehensible debt and the zeroing of interest rates play a massive role in this situation. I think it goes without saying, there is no easy way out of 20 trillion in debt. Prepare for the next step which could take big bites out of the money you spent your whole life earning.
What is the Great Wealth Transfer
The great wealth transfer is right now!
Its the process of dealing with a massive debt by kicking the can down the road. You see, its not directly paying for the debt, as the government should be doing. Instead, its a matter of devaluing the money you are and have earned.
How does it work?
Well, first you need about 20 Trillion in debt and a government that has already spent all that money and refuses to pay it back. Remember, they have lined their pockets and their supporters pockets with that cash.
Next, they decide, rather than do what’s right, they are going to try and devalue the currency and push zero interest rates. Of course, zero interest rates are actually negative interest rates because of inflation. So your money is actually losing value.
Then they push madness like a cashless society so that all of your money is electronic and easily manipulated.
With a devalued currency and zero interest rates, the amount of debt decreases for the government but it happens at the cost of your life savings!