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Once again, we’re focusing here on practical solutions to evading the legal immorality and shenanigans exposed by The Great Taking. Once again, we’ve secured special pricing for our members that entirely offset the cost of a yearly Insider subscription. One more of the many benefits of being associated with Peak Prosperity.
My summary of the Great Taking line of thinking is that the collection of related laws are more a case of tangled spaghetti than a suddenly hatched scheme.
The problem is that derivatives are too complex for anybody to really understand and the laws are too complicated and vague to be quickly resolved during a time of financial crisis.
That means we are all sitting ducks, waiting patiently for the next financial crisis which will result either in (a) huge printing by the Fed to cover it all up again only this time a full order of magnitude larger than any of the prior rescues, or (b) it will involve an impossibly long series of legal battles to sort out.
On that last possibility, there aren’t enough trained lawyers, judges, or courtrooms to get through it all in less than a decade or two. While that’s all playing out everything will pretty much be in limbo.
So I really don’t think that’s the path.
Instead, the path is (a) a lot more printing. Sure they may try to cover their tracks by having it be US Treasury borrowing, but those bonds will be bought later that same afternoon by the Federal Reserve so, it’s really just printing with a gimmicky step to try and obscure the action.