Economics of Empire @EconofEmpire Twitter profile

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Economics of Empire

4 months

@archeohistories Fascinating fact: the dark ages in Europe effectively ended when the Knights Templar brought back so much treasure from their travels. A new monetary era formed & they were heavily involved in some rather questionable banking activities.

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Economics of Empire

@EconofEmpire

2 months

@WallStreetSilv Hardly surprising that the people are sick of the far left: Unfettered ilegal immigration Entrenched inflation Taxes Debt Collapsing infrastructure Desire for continual conflict Private sector in recession Censorship

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Economics of Empire

@EconofEmpire

2 months

@zerohedge Hardly surprising that the people are sick of the far left: Unfettered ilegal immigration Entrenched inflation Taxes Debt Collapsing infrastructure Desire for continual conflict Private sector in recession Censorship

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Economics of Empire

@EconofEmpire

2 months

@theRealKiyosaki The scale of western corruption is mind blowing Disposable income crushed by Bolshevism; stagnant wages, inflation & tax Higher rates causing debt deflation as debt service payments increase reducing potential GDP Now, Kangaroo courts & then war? A vast wealth transfer

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1 month

@StealthQE4 Horrific: their play book: 1. Create inflation - Erodes real wages & savings 2. Increase rates - Debt service costs rise 3. Nominal savings balances are eroded 4. Offer exploitative credit 3 & 4 reinforce the inflationary effect & cycle repeats

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Economics of Empire

@EconofEmpire

2 months

@GoldTelegraph_ The real surprise here is that India, & other countries, haven't done this sooner. Trust has long been eroded by the Bank of England. Particularly after the freezing of Venezuela's gold. But then they're all part of the same banking cabal.

Give Venezuela back its gold

As Venezuela wins its case to get back €1.3 billion illegally confiscated by a Portuguese bank, the Bank of England should return Venezuela’s gold, writes LOGAN WILLIAMS

morningstaronline.co.uk

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Economics of Empire

@EconofEmpire

1 month

@KimDotcom The sheer scale of the interest cost restricts current & future GDP growth. Consumption, saving & investment fall preventing any gains in productivity. The real economy is hobbled by this wealth transfer to the parasitical creditor oligarchy

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@EconofEmpire

1 month

@Artemisfornow Compare to Hungarian policy of boosting the native population: Young couples offered interest-free loans of £27,400, to be cancelled once they have 3 kids Housing subsidies State support for those buying 7-seater vehicles

Hungary tries for baby boom with tax breaks and loan forgiveness

Prime Minister Victor Orban wants more babies to be born to avoid the need for immigration.

www.bbc.co.uk

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv The banks, in concert with the government, are society's central planners. They preside over Extreme house price inequality Taxation Inflation Falling real wages & eroded savings & A private sector recession.

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Economics of Empire

@EconofEmpire

3 months

@profstonge This is the unsurprising element within socialism. It is inflationary & thereby decimates the very classes that it pretends to defend. And so much for equality. The biggest inequality is between taxpayers & their elected representatives.

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Economics of Empire

@EconofEmpire

1 month

@WallStreetSilv This guy should go straight to the front lines to carry his war cry Show him the horrific reality of what these warmongers are doing

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@EconofEmpire

3 months

@profstonge @TimPrice1969 MMT is simply massive state expansion by 3 means: 1. More money or debt 2. More administrators of spending 3. More tax bureaucrats to combat their inflation. It's the ultimate decimation of the productive economy.

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Economics of Empire

@EconofEmpire

3 months

@KobeissiLetter Debt trap economics 101: 1.Lure them in with ZIRP/ rising prices/ business projections 2.Expand money supply, increase taxes to destroy the purchasing power of wages & savings 3.Increase rates to combat inflation & transfer funds/ assets to financial oligarchy

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv No surprise 🤷‍♂️ The government ignores the inflation caused by excessive deficits & continues to expand itself, doing so at the expense of the private sector The government produces nothing0⃣ The productive sector ↘️ & the inflationary consequences are imposed on the people💵

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv Use cash! Whenever & wherever you can. It's one crucial means by which we can fight back against digital tyranny, CBDCs & the unproductive rentier economics of the creditor oligarchy.

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3 months

@GoldTelegraph_ This is deliberate self sabotage. They're speeding up dedollarization.

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3 months

@WallStreetSilv This encapsulates all the evils of statism: Inflation via excessive state expansion Imposition of excessive taxation Fostering of division Erosion of liberty So sad to see

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@EconofEmpire

3 months

@profstonge But socialism is incredibly concerned about the poor. That's why socialists create so many more of them.

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@EconofEmpire

2 months

@KimDotcom Western governments want confrontation to maintain the continued expansion of the state, its inflation, tax rises & tyranny. But the world's central banks will be the war financiers & they're all on the same page. All discussed at the BIS & through other key proxies.

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv This is how a country acknowledges its defaulting on its debt: 1. Ignore monetary aggregates & allow entrenched inflation 2. State expansion at expense of private sector 3. Raise taxes 4. No growth & no middle class

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Economics of Empire

@EconofEmpire

1 month

@unusual_whales Awful. 1. Create inflation - Erodes real wages & savings 2. Increase rates - Debt service costs rise 3. Savings balances are eroded 4. Offer exploitative credit 3 & 4 reinforce the inflationary effect & cycle begins again But the gov't want nominal debt to GDP to fall

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@EconofEmpire

3 months

@WallStreetSilv Meanwhile, in communist China, the middle class is growing & citizens are encouraged to buy gold to preserve wealth In the west, real wages stagnate & employment figures are boosted by part-time jobs Taxes are eroding disposable income & household debt has been increasing. 🤬

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Economics of Empire

@EconofEmpire

2 months

@Culture_Crit Sadly, this was only one of many great libraries lost in antiquity. Consider, these 3 for instance: 1. Library of Nineveh (Assyria): Founded in the 7th century BC, it was one of the oldest libraries in the world. It housed clay tablets containing a vast amount of information

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@EconofEmpire

3 months

@Culture_Crit Nice account. Other key points of note: 1. The exploitation of the silver to gold ratio depleted Roman silver supplies as the creditor oligarchy exported coinage to India & the east. There the ratio was as low as 4:1 & 12:1 in Rome. 2. European gold & silver supplies were

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@EconofEmpire

4 months

@1914ad @saifedean Or Von Mises: "Whoever wants peace among nations must seek to limit the state & its influence most strictly."

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27 days

@krishgm @Channel4 Too extremist for my liking Far left communists - no, thanks.

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@EconofEmpire

3 months

@WallStreetSilv This is the unsurprising element within socialism. It is inflationary & thereby decimates the very classes that it pretends to defend. And so much for equality. The biggest inequality is between taxpayers & their elected representatives.

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Economics of Empire

@EconofEmpire

1 month

@KimDotcom The irony... Those same central planners who believe they can fine-tune the planet's thermostat can't seem to avoid steering us toward nuclear winter.

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv It's almost incomprehensible what is happening in Canada. The velvet glove & iron fist of communism encapsulated by Taxes Inflation Debt A bloated bureaucratic state A decimated private sector Erosion of liberties 😢

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Economics of Empire

@EconofEmpire

1 month

@profstonge The Chinese social contract, post 1989, became highly results driven For as long as living standards & life expectancy improved, the CCP was safe from any uprising For 20yrs, China has faced warnings of imminent implosions, so it will be fascinating to see how this unfolds.

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Economics of Empire

@EconofEmpire

2 months

@KobeissiLetter It's not a fight against inflation. It's Washington's policy of choice. Inflation could be stopped quickly by cutting the fiscal deficit, as Argentina has done. But, their refusal to do so highlights their revealed preference.

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Economics of Empire

@EconofEmpire

3 months

@zerohedge The solution to their debt is always more debt. This is the root of their power, generating inflation, increased taxation & the addition of public debt to one's private debts. Without debt, the state cannot impose its tyranny.

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Economics of Empire

@EconofEmpire

3 months

@profstonge Stagflation - government expansion at expense of the private sector Fiscal absurdity leads to: ✅A growing unproductive state ✅Increased taxation ✅Shrinkage of the real, productive economy ✅Falling output ✅Reduction in liberties

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Economics of Empire

@EconofEmpire

1 month

@Schuldensuehner Sadly, Germans will have to get used to this Financial repression will be used to generate high nominal GDP to bring down debt ratios across France & S. Europe This requires a wealth transfer from prudent saver (Germans) to borrowers (S. Europe) Lagarde & Macron 🤮

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Economics of Empire

@EconofEmpire

3 months

@zerohedge They have known, since the demise of Ancient Greece, that mass influx of immigration hastens the decline of empire Sadly, they have used the same tactic for millennia Discontent, demoralization & degradation always follow

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Economics of Empire

@EconofEmpire

2 months

@zerohedge Money supply growth & velocity has now picked up. Increased transfer payments & more state, unproductive, jobs. No desire to defend the purchasing power of the currency. The slow default continues.

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Economics of Empire

@EconofEmpire

3 months

@KobeissiLetter When you expand the unproductive public sector, you finance it via: Debt Taxes Inflation This cripples the private, productive economy while transferring more wealth to the state People are made poorer

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Economics of Empire

@EconofEmpire

2 months

@profstonge The entirety of western economic policy is to feed the unproductive, wealth extracting economy at the expense of the productive, private economy. Less output, more debt, higher prices.

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@EconofEmpire

2 months

@KobeissiLetter Inflation destroys the middle class. Working longer hours is a typical response for they are Most sensitive to rate rises Get dragged into higher tax bands Face eroded wages & savings Meanwhile, tech reduces the marginal pricing power of their labour

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3 months

@profstonge Prior to the abandonment of the Bretton Woods gold peg, floating exchange rates were considered a form of extremist ideology, by all other than the Washington establishment They promoted them as a bold, radical step forward. But the reality was that a system of floating rates

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Economics of Empire

@EconofEmpire

3 months

@KobeissiLetter The Game of Debt trap economics: 1. Lure them in with ZIRP/ rising prices/ business projections 2. Expand money supply, increase taxes to destroy the purchasing power of wages & savings 3. Increase rates to combat inflation & transfer funds/ assets to financial oligarchy

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Economics of Empire

@EconofEmpire

2 months

@profstonge But deportation will incur various downsides for statists: Lower taxes Reduced government spending & debt Less crime means less need for new laws, digital IDs, & facial recognition systems Reduced velocity of money as transfer payments fall Reduced inflation Cultural pride

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@EconofEmpire

3 months

@zerohedge They won't say this aloud: However, the persistent & entrenched inflation is Washington's policy of choice. Wealth extraction from households & businesses to the parasitical class.

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Economics of Empire

@EconofEmpire

2 months

@unusual_whales The middle class is being hit hard: 1. The marginal pricing power of their labour is being eroded by tech 2. Inflation reduces their wages & savings 3. They're sensitive to rate rises 4. They face higher tax bands on wage rises 5. They work longer hrs to combat inflation

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Economics of Empire

@EconofEmpire

3 months

@GoldTelegraph_ Throughout history conflict has always been used to usher in the new empire. The Thucydides trap is commonly cited to understand the conflict between the incumbent & the rising power. The reality is that all will likely lay exhausted after any such 'hot' conflict. And over

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Economics of Empire

@EconofEmpire

3 months

@KobeissiLetter The economic policies are intentionally decimating the middle class. Real wages are stagnant & employment has simply been boosted by part-time roles. Higher taxes are eroding disposable income & household debt has been increasing. It's all a wealth transfer

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Economics of Empire

@EconofEmpire

3 months

@unusual_whales The younger generation have been denied any savings vehicle at all. Negative real rates Can't afford to copy their parents & buy a home Reduced to gambling on Gamestop instead

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@EconofEmpire

3 months

@WallStreetSilv It's hard for developing economies to perceive US debt as an asset any longer 1. It's being debased rapidly 2. The engine of its economic strength is being undermined by government expansion Instead, the US will try to disguise risk forcing banks & citizens to hold UST

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Economics of Empire

@EconofEmpire

3 months

@archeohistories Uruk also demonstrates the earliest evidence of silver use. This is dated back to the period (4000-3100 BC). Bushels of grain were monetized against silver, marking the first use of formal money in society. Thus, grain and silver served as the primary forms of currency and

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv @nickshirleyy The state loves illegal immigration. It enables them to increase their budgets for "welfare" Increase the size of administrators for spending While crime enables them to legislate more laws while degrading society. Then they get to raise taxes too.

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@EconofEmpire

2 months

@WallStreetSilv Poor woman In reality, this inflation is just a slow motion default. A rapid acceleration in the debasement of the currency to transfer wealth from private households to the state & its financial industrial complex.

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@EconofEmpire

3 months

@WallStreetSilv Statism: The creation of so much excess money, which imposes the government's fiscal recklessness on society through shrinkage of real wages & savings deposits, all in aid of a transfer of wealth to the political establishment.

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Economics of Empire

@EconofEmpire

2 months

@BRICSinfo Western governments want confrontation to maintain the continued expansion of the state, its inflation, tax rises & tyranny. But the world's central banks will be the war financiers & they're all on the same page. All discussed at the BIS & through other key proxies.

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Economics of Empire

@EconofEmpire

3 months

@WallStreetSilv It'll continue to worsen for as long as the Fed's monopoly can force their IOUs on the citizens & legislate to ensure finance houses have to hold their supposedly 'risk-free' asset.

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3 months

@archeohistories It is in the 17th century BC, that Baal first appears in the bible. Baal meaning lord God of the Phoenicians. Baal was the chief deity of self-interest, a god of fertility, agriculture and rain. Often associated with a bull, which even in today’s society is linked with

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3 months

@theRealKiyosaki Sadly, this is simply the acceleration of Socialism It is inflationary & thereby decimates the very classes that it pretends to defend. More tax, inflation & debt. Yet, things will collapse when the credit tap is turned off.

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2 months

@Schuldensuehner You've got 3 key ways of increasing GDP: 1. Add labour. 2. Add capital. 3. Generate total factor productivity. EU seems to have given up on 2 & 3. And seems intent on 'replacement migration' (UN term). Quite sad

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3 months

@GoldTelegraph_ @Frank_Giustra They're not being forced at all. We already have bank digital currencies. But what they truly want is programmable CBDCs. Use cash! It's one crucial means by which we can fight back against digital tyranny & the unproductive rentier economics of the creditor oligarchy

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3 months

@elerianm @NBCNews They've chosen to ignore accumulated monetary aggregates & let the purchasing power of the currency fall precipitously. But people see this for what it is: A massive wealth transfer to the Washington establishment - Bidenomics

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Economics of Empire

@EconofEmpire

3 months

@MikeCristo8 It's becoming far harder to perceive US debt as an asset any longer: 1. It's being debased rapidly 2. The engine of its economic strength is being undermined by government expansion Instead, the US will try to disguise risk forcing banks & citizens to hold UST

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Economics of Empire

@EconofEmpire

2 months

@unusual_whales The consequence of central planning by the government & the banking cartel They determine the allocation of capital & ability to build They've overseen massive credit expansion to the housing market while failing to increase supply Promotes inequality & debt deflation

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3 months

@WallStreetSilv So the creditor oligarchy now owns more property, by value, than ever before. The debt trap was set: 1. Sell them on the American dream/ rising prices 2. Increase money supply to generate inflation 2. Then, increase rates & transfer funds/ assets to financial oligarchy

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3 months

@WallStreetSilv "Reparations have become the new 'rights' – politically more fashionable than talking about how to improve schools." Thomas Sowell

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2 months

@WallStreetSilv But deportation will incur various downsides for statists: Lower taxes Reduced government spending & debt Less crime means less need for new laws, digital IDs, & facial recognition systems Reduced velocity of money as transfer payments fall Reduced inflation Cultural pride

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@EconofEmpire

2 months

@Schuldensuehner Well, just consider the following: Deficit in peacetime of ~6% of GDP Private sector debt service ratios are the highest in the eurozone Capital has already been fleeing the country, as evidenced by their recent current account surplus. Debt to GDP ~120% Primed 💣

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Economics of Empire

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4 months

@zerohedge 'Whoever wants peace among nations must seek to limit the state & its influence most strictly'. If only people took more economics lessons from prize fighters rather than modern day academia.

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2 months

@KobeissiLetter The middle class is being hit hard: 1. The marginal pricing power of their labour is being eroded by tech 2. Inflation reduces their wages & savings 3. They're sensitive to rate rises 4. They face higher tax bands on wage rises 5. They work longer when facing inflation

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2 months

@ShangguanJiewen There's some interesting parallels here In the west, the foundations of the middle class were laid with the deflationary gold standard & the industrial revolution China has low inflation & enormous gains in productivity which have boosted wages It's deliberate policy choice

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Economics of Empire

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1 month

@Dr_TheHistories In 1970, Norwegian explorer Thor Heyerdahl successfully crossed the Atlantic Ocean in a reed boat named Ra II. His goal was to demonstrate the theoretical possibility of ancient civilizations, particularly Egyptians, reaching the Americas by seafaring thousands of years before

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3 months

@unusual_whales This encapsulates all the evils of statism: Inflation via excessive state expansion Imposition of excessive taxation Fostering of division Erosion of liberty

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3 months

@unusual_whales The craziest thing is that this is the system working as designed! Debt is the key means for state control, enabling: 1. State expansion 2. Tyranny 3. Inflation 4. Increased taxation 5. Citizens held as collateral for the national debt They say when the credit tap stops

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3 months

@archeohistories It is incredible what many of these tablets reveal & what they represented in their time. Some tablets have revealed a land sale involving sellers referred to as: “The eaters of the silver of the field.” According to Cambridge Ancient History. This suggests that

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@WallStreetSilv But socialism is incredibly concerned about the poor. That's why socialists create so many more of them.

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2 months

@profstonge They're already priming France for a crisis A persistent fiscal deficit ~ 6% of GDP in a non-crisis era Creation of a private sector recession via inflation, taxes & regulation While, their recent current account surplus, reveals capital has already been fleeing the country

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@WallStreetSilv The entirety of western economic policy is to feed the unproductive, wealth extracting economy at the expense of the productive, private economy. Less output, more debt, higher prices.

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@unusual_whales This is desperately sad as SMEs generally employ around 70% of a nations workforce Gov't & banks have colluded to centrally plan society Whether it is needless regs or access to credit everything is set up to favour large corps at the expense of communities & the real economy

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@WallStreetSilv Stagflation is an inevitable consequence of persistent fiscal recklessness! Caused by: Expansion of the public sector bureaucracy, producing nothing Imposition of excessive taxation & inflation on the productive private sector, causing productivity & employment to fall. 🤬

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@thinking_panda Even when you compare the tier 5 cities in China, the difference is so stark between the west & the east. One county moving forward, one empire waning rapidly.

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@zerohedge Undoubtedly. When you expand the unproductive public sector, you finance it via: Debt Taxes Inflation This cripples the private, productive economy while transferring more wealth to the state

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@GoldTelegraph_ The monetary & fiscal abuse that the BOJ & government have imposed upon the good people of Japan is desperately sad to witness. But the same recklessness is now witnessed across the western world. Hard assets are the only real refuge.

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@profstonge Well said. The population bears the burden of the government's reckless fiscal policies, evident through: Rising yields, Declining productivity, Stagnant real wages, Eroded savings And a struggling private sector.

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@WallStreetSilv 'A selective recession'? Never heard of that. It's certainly a private sector recession created c/o massive state expansion via debt, taxes & inflation. That's why the poor & middle class are struggling.

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@archeohistories I imagine this issue deteriorated significantly as Greece's economy deteriorated. A brutal creditor class sought to monopolize formerly cottage industries & then pursued a process of land monopolization through seizing land as collateral for debts. In addition, the exportation

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@WallStreetSilv Shadow stats, using the 1990 methodology, suggests a current rate of inflation nearly doubled that of which is reported.

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@KimDotcom A vote for Biden is a vote for Statism: The creation of excessive currency, which imposes the government's fiscal recklessness on society through shrinkage of real wages & savings deposits, all in aid of a transfer of wealth to the political establishment.

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@KimDotcom These 'sanctions' are an active aid to dedollarize & focus trade eastwards. But they're also easily circumvented by exporting to Kyrgyzstan!

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@GameofTrades_ The craziest thing is that this is the system working as designed! Debt is the key means for state control, enabling: 1. State expansion 2. Tyranny 3. Inflation 4. Increased taxation 5. Citizens held as collateral for the national debt They say when the credit tap stops

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@profstonge The inflation policy decimates the middle class b/c they Respond by working longer Face fiscal drag: higher tax bands Were society's largest group Save for their kids & elders Are sensitive to interest rate rises Meanwhile, tech erodes the marginal pricing power of their labour

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@creation247 The continued desire to demoralize and degrade the citizenry. Yuri Bemzenov put it bluntly: “Demoralized & enfeebled ‘masses’ tend to grab the ‘easiest’ short-cut solution to social ills, and socialism seems to them to be the best answer.”

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@profstonge Inflation is a policy choice, but it extends to every sphere of political policy: Economic madness via spending & inflation Social insanity- normalization of extremes Security- a focus solely on aggression & escalation Environmental- deindustrialization

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@profstonge The bureaucracy truly loath independent incomes Small biz, already struggling with compliance burdens, will find it increasingly difficult to compete More government overreach to stifle economic freedom, market efficiency & deliver us towards serfdom

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@WallStreetSilv We already have bank digital currencies! But what they truly want is programmable CBDCs for complete control. Use cash! It's one crucial means by which we can fight back against digital tyranny & the unproductive rentier economics of the creditor oligarchy.

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@GoldTelegraph_ Russia & other nations are building a new system for international settlement It's understandable that they wish to.promote this while the west seeks conflict escalation & economic weaponisation But US behaviour is aiding the east

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@archeohistories Amazingly, it was a pirate who created the World's most powerful central bank - The Bank of England. William Patterson, born in Scotland in 1658, was drawn to the sea from an early age. He started young as a trader, visiting the West Indies, and was able to point out the

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@profstonge There's good reason to be angry: Entrenched inflation Falling disposable income Slowing productivity Rising debt burden Extreme housing costs Extreme inequality Ultimately, all due to the policy of financial repression

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@BRICSinfo Yuri Bezmenov on ideological subversion: "To change the perception of reality of every American to such an extent that despite the abundance of information, no one is able to come to sensible conclusions in the interest of defending themselves."

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Economics of Empire

@EconofEmpire

2 months

@archeohistories There is a history of mining in the Mediterranean which goes back to antiquity. The earliest specific mention of gold or silver mining contained in Western history is derived from the story of Cadmus, a Phoenician, who in about 1594 BC opened a copper and gold mine in Thrace.

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Economics of Empire

@EconofEmpire

1 month

@Schuldensuehner Sadly, German productivity is going the same way as the UK. EU Over-regulation & progressive centralization of the banking system are key issues. The Mittelstand supported by community banks offered enormous gains. Now they're following the rentier economic model.

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27

Economics of Empire

@EconofEmpire

2 months

@Kanthan2030 This is a great paper explaining how China has sustained such rapid growth over a prolonger period In essence, the secret was in Deng Xiaoping's reform to completely decentralize money creation in the hands of thousands of small banks which have to follow state priorities, i.e.

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Economics of Empire

@EconofEmpire

2 months

@zerohedge FDR's actions were criminal. In addition he raised taxes every year from the Revenue Act of 1932, hammering the economy It's also worth noting how FDR, failed to follow the rules of the gold standard, which helped contribute to the Great Depression: Roosevelt opted to

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