Meaning, banks didn't want to lend that money?
Discussion
Meaning American manufacturing was deliberately killed to increase the cartel's power.
Imagine the horror of having sovereign citizens who can build their own machinery and infrastructure without their consent.
US manufacturing was largely killed by its own managing capitalists, because there was more profit to be made overseas.
NAFTA really shat on a lot of it.
The condition of more profit to be made by manufacturing overseas is a direct result of monetary engineering in a world where all the currency is fake. It's really hard to believe that can ever come about naturally.
Afraid it's not hard to concieve. In a world ruled by bean-counters, there will be constant pressure on management by the owners to increase the margin of profit. Especially where the owners are not human, but other corporates.
By any means possible.
That's exactly what I mean. But in making the argument, I'm falling into the same trap Austrian economists fall into. That if people didn't cheat the system, it would never fall into ruin. But cheating the system is so easy, that it's actually the natural state of the economy.
Funny if the money is fake why do real products come out of it.
Fiat money is an illusion that looks like real money when it changes hands, so you believe it's tied to something real and exchange something real for it.
The illusion is all well and good until things start to break, and you need the real thing, only to find that there isn't any real money at all. There's just debt and the false promise of real money to pay it back. The fiat economy can never stop moving or else the illusion will dissipate.
