Recessed and Depressed

By: Jamie Avruhom

Narrated by: Virtual Voice

Length: 46 mins

Publisher's summary

In 2007, we had a global financial crisis that started in the US and permeated throughout the entire world. Technically, as a result of central bank cooperation, we have left the economic depression in nominal terms based on open market operations by central banks, i.e., quantitative easing/sleazing or buying up government junk debt, artificially low interest rates, and inflation or confiscatory taxation. In truth, we have been in an economic depression for more than two decades, and history will show that the pandemic was the coup de grace for the US dollar, fiat currencies globally, and the financial markets as we know it. In truth, fiat currencies are good as they allow governments to disagree and bolster their economic systems, but the US has taken this to a new level as we are now $35 trillion in debt and counting. The Chinese were the main purchasers of US treasury bonds for decades, but we started taxing their goods in an unreasonable fashion, which is paid by the poor in the US, causes job loss, and makes the US Government bigger. These are all things that we don't need and are incredibly bad for everyone in the US. The fact that government officials in the US think that they can show China how to run an economy exemplifies the naivety of our leadership as the Chinese have engaged in over four millennia of international trade and are every country in the world's largest trading partner. Americans need less government, less politics, and more decency coupled with discretion coming out of Washington DC. The Biden-Harris Administration has weaponized the US dollar, and the Federal Reserve has enabled fiscal prodigality by the US Government for decades. Both need to end with the utmost immediacy as this is ruining our country and our currency; we need a Federal Reserve that is not politicized and not full of hawks and doves but bald eagles! We need leadership that cares about our country, its people, and the economy; we don't need people running for election promising entitlements that will be paid by taxpayers, that bankrupt our government, and take future generations of Americans freedom from them. We need less government and a stronger central bank that doesn't intervene with capitalism. We are in an economic depression, and we need to go through the pain to build a new economy that is modern and resilient. What we don't need is the nonsense that we have coming out of Washington DC now in relation to legislation, candidacy, and fiscal policy. We need the bald eagles to return to create a country that people believe in and a dollar that can be exported and used for international commerce globally to better America, the world, and global trade!

"There is a serious tendency toward capitalism among the well-to-do peasants." -Mao Zedong