History of empires; they follow the same pattern.

It is more fun criticizing

From writing of John Glubb, a general.  He said that empires last for roughtly 250 years and follow 6 stages....

Good things, benefits, we, the world got from China

It is more fun criticizing

Despite the negatives being mentioned by the world vs China, we should be grateful for many things:

     1.  Its advances in space technology;  it has landed on the moon.  Did it contribute to ISS?

     2,  For being the world's manufacturing center -  low cost manufacturing

     3.  Advances in AI, in particular health care

     4.  Cheap household goods to the world;

     5.  Competition that has enabled every one to excel.

     6,  Massive contribution to world GDP

We owe them for their contribution to civilization like the gunpowder and many more.   We also learned a lot about their unrestricted warfare.  And how to deal with their strategies

Not just China bashing but balance this with China praising,

Fraud and scam advisory

Stages in the monetary system

It is more fun criticizing

very generation needs a revolution - an entrepreneurial revolution

These were the steps enumerated:  (Swinging from quantity and quality)

1.  The country has a solid monetary system in gold and silver

2.  The country takes on more expenditure

3.   The country funds a massive military

4.   The military is used and expenditures  expands  (Not true for US it sells armaments to the word)

5.  The country debases the currency with deficit spending

6.  The population senses the worthlessness of the currency

7   People shift to gold and silver;  a great transfer of wealth from those hoding on to fiat currency to those holding gold  

Our country is in 5, beginning with Duterte.  However, it is hoped that we are not printing more money..  But borrowing more

But in 2022, our base currency increasing from mere P1.8 trillion to P2.0 trillion 

https://tradingeconomics.com/philippines/money-supply-m0  P200 billion increase

Philippine Gold Reserves -  down to 157.00 tonnes from 197.00 Do we have enough gold

Philippines gold reserves

Its $64.7 million x 157.00 tonnes = $ 10,157.9 billion x 54  =  P548,526.66 billion  gold reserves went down by 40 tons x $64.7  =  $2,588 billion x 54 = P139,752 billion

Roughly 547,526  /2,000,000 = 27% of total base currency.  This does not include loans to bank which is P9.3 trillion

So total currency is $11 trillion (P9.3 + 2)     Gold reserve vs total currency is 2.5% how thin.   When the currency system collapses....

What really is inflation? How inflation affects govt and civilization

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Every generation needs a revolution - an entrepreneurial revolution

This series should be understood from where the author is coming from.  He is promoting gold and silver as the real and only money.

1   Episode 1.    Money vs Currency

     It all began in Egypt where currency started.   But it was not yet money because gold which they used then lacked one characteristic:    being divisible

    1.   Both money and currency share same characteristics:

         Portable (you can have in your wallet unlike in trading wherein you bring large commoditiies with             you

        Divisible     you can divide it into units for ease of counting

        Fungible      it is of similar value as the next currency

        Durable        cant be destroyed by moth or elements

        But money has one distinct characteristic that of being store of value   God and silver has distinction of storing value through the years.    It is valuable then 5,000 years ago and valuable now

    2.  Fiat currency  since 1945, after Bretton Woods agreement, govt preferred fiat currnecy, ie currency that are just paper money created by mere faith (fiat in govt) but does not backed up by real

value.  

        Money before in US, are depository receipt for gold and could be exchanged for gold coins.

        Nixon declared in 1970s henceforth, USA will no longer allow redemption of gold by US

        dollar holders

   3.  Money is not preferred because supply of precious metals and govt cant go in to deficit spending

        Currency is unlimited because centra banks can print more money or can increase money supply

        through some other means like:

   4   Increase in money in circulation, ayuda, subsidy, Quantitative Easing.   They all mean the same-

        increasing currency in circulation

   5.  All fiat currency all ended up in zero.  Bad news for all holding on to paper money

   6  Inflation is not a result of some strange mechanism or strange economic phenomenon.   It simply means that there is more more currency in circulation and thisi takes away the stored value in your

currency.  If you decrease the currency supply there is deflation.   If you decrease the value in the currency which happens when govt does it without your consent, Maloney terms is as theft

  7.  Inflation is not being felt much in USA because it is being exported world wide through trade and

       international employment.  But when nation sees through that the US dollar is worthless, all the

       dollars will go back to US and cause hyperinflation

  8.  In a decade most world currencieis;  US Russia, China have gone up by as much as 18x

2.   Episode 4 - Inflation the biggest scam in history by Mike Maloney

      See example of how currency is created as in US

    1  US treasury issues bonds - IOU  and sells this bond throug

div>

    2. Federal Reserve writes a check, using only accounting entries.  

        It is an IOU (but an unfounded)  - currency is created  They are merely exchanging IOUS

        Currency is created like magic (but the check is unfunded)  It is really an entry of numbers

   3.  Federal Reserve sends the check to various govt  agencies to pay for wages,, for war, and other

        govt activities

  4   The workers and other payees deposit the money in banks

  5.  More currency is created by banks lending through fractional lending  Say 10% reserve the bank

        can lend and create 10X the initial deposit.   This lending multiplies the currency further

        90% of all currency is created in the bank lending

       Take note that the currency is created from zero mere exchange of  IOU

 6.   More currency creates inflation

 7    The income tax law was created (constitution was amended ) to support the bonds  The income tax is to pay the interest on the bond.   We have to pay tax to support the currency system.  

 8.  The Federal Reserve is a private entity that pays its stockholder 6% dividend

 9.  The the debt limit law is a contradiction.   There is always a debt for every $ borrowed.   

       Thus for a $ of principal, there is another debt (2x).  If we pay the principal, the currency is 

       is destroyed.  The whole system collapses.

 10.  The whole system requires more debt to support the currency.   The whole thing continues

       the interest

      The US system only supports silver deposit

     Mike accuses the US banks the Federal Reserve of fraud, Ponzi scheme, legalized theft.  of stealing      value from the citizens.