The Government Isn't Done Stealing From You Just Yet. The Bill Is On Its Way

Hey Jesscitizens

Who would have thought that 1 virus could bring on so much chaos and 2020 would be the year of probably the first global reset in ages, probably in my lifetime. Governments head a free ride over the last 20 or so years, everyone was so fixated on growth and their individual pursuits to see how corrupt and bastardised many of the worlds financial, political and business interests became. The search for quick profits and preserving the status quo has left us with a weakened world immune system and we can see how structures are starting to collapse around us as people lose hope.

Keeping the rich and oligarchs warm and cosy is the only priority for the current system and while you think these policies to help small business and provide cash for citizens seems rational, its always easy to spend other peoples money. The government is proof that when you don't have to work for it, you squander it.

As millions continue to lose their jobs, as thousands of small businesses continue to close, as millions start to fall behind payments on car loans, student loans, rent and home loans, governments are borrowing and printing money like never before. They are essentially stealing the purchasing power from the rest of us and focusing it on different areas of the economy.

It may sound noble, it may sound like what we need, but governments are notorious for being shoddy capital allocators and the rentier class benefits from this fact. As capital is allocated under the guise of helping people, banks and corporates either pick off their piece before it gets to the people or are the ones the people give the capital to once they get it.

Image source: - memecreator.org

Stock markets are soaring

If you ever wanted an indication that the financial economy and real economy are two different things then you only have to look at the way stocks are souring. We've never been in a worse economic condition globally yet stock prices are on the rise as they are bought up by central banks with new money so that owners of these stocks can exit at a favourable level. These companies are deemed too big to fail and it's costing trillions to keep them from falling.

Stimulus is firing on all cylinders

The stock market is not the only receiver of funny money, literally, everyone is asking for a bailout, governments, debtors, creditors, businesses, individuals, everyone suddenly needs money as the velocity of money which in fact has been decreasing over the years to start to completely dry up. The money will be printed and thrown at this problem until it hits hyperinflation, there is no doubt in my mind about this, they only have one tool and with negative interest rates destroying capital they have even more of a reason to keep on printing.

The bill comes due

Regardless of whether we keep the old system or move to a CBDC, there will be a bill to pay and this is going to come in the form of higher and more taxes. We're going to have to pay for all of this for generations and live with a debt that was thrust upon us. Private gold ownership could be under threat, Bitcoin and crypto could be banned all in an attempt to make sure you transact in a method that they can tax to pay for the bills run up since 2020 and the massive bill we're running this year.

While I continue to take positions in crypto, I do have this fear in the back of my mind, that it may be inescapable, that we're going to have to pay for the poor reactions and handling of this situation for years to come.

Have your say

What do you good people of HIVE think? Will they stick us with the bill?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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