The End of Money

The comments below are an edited and abridged synopsis of an article by Chris Martenson

Today we live in a two-faced economy: It is boom times for some and bust times for others.

The End of Money | BullionBuzz
Dollar puzzle piece on the wood table. finance and business industry

Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their money-printing firehoses.

We should care about this split because of history. Two thousand years ago, in Plutarch’s time, it was common knowledge that wealth imbalances ended badly for society: “An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”

Those near the top of the wealth pyramid don’t want to live surrounded by an impoverished underclass, forced to hide behind their fortifications and guards, hoping the unrest of the masses doesn’t get any worse (tent cities on the streets of LA and San Francisco). But sadly, the US is not far from this fate.

Martenson believes in a strong and vibrant middle class, something the Federal Reserve is working to destroy with every intervention. It has been a shameless champion of the entrenched ultra-rich and powerful at the expense of everyone else.  Because of this, he has been a fierce critic of the Fed and its policies.

Up for discussion: the three types of wealth; it’s all about the number of claims; the wealth transfer; and time is running out.

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