What Started This Financial Mess

Week 2 — Day 4

It all starts out so innocently. No one purposely wants to screw up the economy. But, when a new trend becomes a way of life, there’s no turning back at that point. I love this quote: “The further you look into the past, the further you can see into the future” – Winston Churchill.

Let’s set the scene – The year is 1946. WWII has just ended. Young couples are getting married, starting families, and starting their lives together. The US Dollar just became the world’s reserve currency under the Bretton Woods Agreement.

Boomers - People of Different Races and Older Age

The “Baby Boomer” generation is just getting started. And this forms the mold of we currently call “The Middle Class”.

In the future, our grandchildren and our great-grandchildren will look back upon the years between 1946 and 2008, and see why the great experiment called “The Middle Class” has failed. We are heading to a new monetary system. This is not a prediction by me. This is history repeating itself. It has been repeating itself for the last 5000 years. This WILL NOT end well for the Middle Class.

What side of this Wealth Transfer do you want to be on ?

If you have been following my blogs since I started this platform, some of you may have caught on that I’ve been throwing in some lessons on the economy and financial literacy that were never taught in school. The name of this blog post is “What Started This Financial Mess?” I feel this is a three part answer. (1) An experiment gone wrong, (2) lack of education, and (3) greed and ego. This result of this exponential bell curve is an intentional act of kicking the can down the road without limits. This could of been controlled if we had a 'guardrail' to keep the US Dollar "in check". We did have a 'guardrail' system until 1971. Our Dollar prior to 1971 was backed by Gold. In 1971, President Nixon took us off the Gold Standard and replaced it with a Debt-Base Standard. Believe me, "they" have you exactly where they want you.

Here are key points I want you to take away:

The Great Depression created more Millionaires than any other time in history up to that point
The Financial Collapse of 2008 created more Centi-Millionaires than any other time in history up to that point
The Global Trifecta of 2020 will create more Billionaires than any other time in history up to that point
The upcoming Wealth Transfer will create the world’s first Trillionaire, put an end to the “Middle Class” as we know it, and return us back to a two-class system – The “Rich”, and the “Common Folk”.

This is not a coincidence. Go back and study these blog posts as if your financial future depends on it. It does !!

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Until my next post,
Steve