Universal Basic Income - What is it???

in #economy5 years ago

You can look up the term, "UNIVERSAL BASIC INCOME" if you want the actual definition.

But here is what it really is:

AN INDICATOR THAT THE GLOBAL FINANCIAL SYSTEM IS FAILING.

For the past 60 to 100 years, our financial system has depended on ever-expanding growth and ever-expanding debt.

Now that the economy is slowing down - we are in BIG TROUBLE.

With all of the leverage, debt, accounting tricks, mismanagement, corruption, inefficiencies, flaws, distortions, deceptions and lies - an economic crisis, like none other, is closing in.

Most assets and investments today are basically "bets" on future debts being paid off, with interest.

Many of these "bets" have payoffs so vast, there is simply not nearly enough money in the whole damn world to pay them all off.

2008 was a brief preview of things to come.

The fundamental problems of 2008 were not fixed.

The 2008 crisis was papered over, with fiat money creation, digitizing money into existence and a lot of fancy accounting.

It is now, inevitable...

We are facing some type of RESET, CRASH, COLLAPSE , DEVALUATION, REVALUATION, CORRECTION or TRANSITION.

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