Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

March 22, 2020 | Game Over! Fake Economy Collapsing! Leaders Deceived!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

Image result for The Keynesian game of debt is over

I have been writing about our ‘fake’ economy for years. We are now at the end game for our Keynesian economy of debt. This economy started after the last Great Depression (1934) and it ended (effectively) today (2020). Debt is at a level which is beyond repayment. We all know it. The numbers reflect our economic behavior these past 86 years. You can witness the numbers here: http://www.usdebtclock.org.

So where do we go from here? First of all we need to recognize our situation and our problem. Our situation is bankruptcy for the planet. Our problem is survival until we can construct a New Model. Those who now control us will make the situation and the problem MUCH worse. Why? They don’t know what they are saying and doing. Listen to our leaders for understanding. They know not what they say. They know not what they do. We live with FAKE leaders.

We need New Leaders who discern the situation and the problem. This must happen as people become AWARE of our situation and our problem. New leaders need to recognize our prior history and must understand some core principles of economics and reality. What are these core principles and realities:

1. Money is not wealth (according to Adam Smith). Our money today is fake (not wealth). Today’s money is virtual (imaginary). It disappears as value is destroyed. Fantasy wealth can not bring us progress.
2. What is the purpose of money in the first place? Why did we ‘invent’ money? Yes, money was ‘invented’.
3. What is this concept called ‘value’? We exchange ‘value’ and we need to understand this concept.
4. What is the purpose of a currency? What is our currency today? Does it measure ‘value’?
5. We need to understand our history of money and currency (American history). It started in 1785. What was our currency in 1792? How did it change after FDR’s administration (1934)? After the Nixon administration (1971)?
6. What is the difference between ‘money’ and ‘currency’? What is a proxy for ‘value’?
7. Who invented this concept called ‘money’ (for Americans)? Why was money defined and currency defined?

Until we have leaders who can address our history and recognize the realities of history I doubt that we can identify our real situation and our real problem. Today, education on money and economics is based on a model (called Keynesianism) which is now totally broken. Mr. Keynes developed a model based upon DEBT and CREDIT. After 86 years this model has run its course. Mr. Keynes said that his model was less than final. His model was for a season. He recognized its limitations. In the long run, he said, ‘we are all dead’. So his model was temporary.

We now need a New Model for the planet. Keynesianism is DEAD. A debt jubilee is needed. We must start over with a New Model for the planet. Kingdom Economics has this New Model. Read my blog for details. Have a good day and watch the implosion of this OLD MODEL called Keynesianism. The GAME is OVER! I am: https://kingdomecon.wordpress.com.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

March 22nd, 2020

Posted In: Kingdom Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.