Is America Being Hustled Into a Collapse of Dollar?

 One would think that it would be common sense to understand that no nation on earth can print an unlimited amount of money without having severe consequences at some point.  Sadly, common sense seems to have vanished with the creation of Modern Monetary Theory. (MMT)  It's the idea that America is too big to fail and that we can print money to pay for free health care, free Covid relief, free college, forgiveness of all student loans and anything else our hearts desire.

Read what this guy has to say about how our politicians and bankers may have been hustled by China in an attempt to collapse the USA.  We may very well already have our heads in the noose just waiting for the day when it will be pulled tight...and it will be too late to do anything about it.

Have we been hustled?

Our recent economic history fits this template in the following ways:

Our economic journey began in 2008 with the financial crisis, so this long con has lasted 13 years so far, and it will likely take another four or five years to complete. The “long” in this long con is about 18 years.

The “mark” in this con is the United States, specifically members of Congress. The “grifter” is China that is caught in the Thucydides’ trap, and seeks to be number one. And the “shills” are Russia and unwitting U.S citizens.

The stages of the con progress as follows:

1. Foundation: Congressional members are greedy and mostly focused on getting re-elected. Voters want free stuff like healthcare and education

2. Approach: Create a “theory” that liberates spending from a budget. Money printing is justified by modern monetary theory” (MMT) – print all you need. When was our last “balanced budget”?

3. Build-up: Following Japan’s lead, the U.S. launches quantitative easing (QE) in 2008 to head off a recession, printing about $4.5 trillion.

4. Pay-off or convincer: QE works! The recession ends quickly, the stock market enjoys its longest recovery and inflation is subdued.

5. The "hurrah": A sudden manufactured crisis or change of events forces the victim to act or decide immediately. The COVID pandemic breaks out, originating in China.

6. The in-and-in: China and Russia are “in” the fight against COVID. Congress approves another $5.5 trillion in COVID relief plus President Biden plans to spend at least another $3 trillion on infrastructure and other projects. So, $13 trillion in new money (counting QE), which should be enough to bring hyperinflation. $13 trillion is more expensive than our 10 most expensive wars combined.

The scenario has set an inflationary spiral in motion that could bankrupt the U.S. and bring China into world dominance. Stay tuned. This will take years to play out, and a lot can happen in the meantime. MMT encourages money printing until it causes inflation, at which time taxes are supposed to be increased to take that money out of the economy. Will Congress act? Is China that clever?

Here;  Are We Being Hustled? A Mental “What If” - Articles - Advisor Perspectives

Did you catch that?  An inflationary spiral that could bankrupt the U.S. and bring China into world dominance.  Has it already started at our local grocery store, our real estate prices, the car dealers?

Let's remember why Jesus tells us to lay up our treasure in heaven where bugs, rust and inflation can't destroy it.