What is monetary feudalism? That’s a question worth asking. Monetary feudalism is when a society, through economic means, is constructed so that the poorest are at the mercy of the wealthiest, and the wealthiest are protected by an armed force to prevent the “peasants” from ever gaining power. We most often think of Feudalism as being in the dark ages when countries were ruled by kings, but it can happen in a modern postindustrial society. This is how.
According to the latest Producer Price Index, it rose 9.6% in the last twelve months. That is a significant increase and impacts every family in America because it is the one index that includes energy, food and services. In other words, our most basic needs. It is also the highest yearly increase that we have seen in forty years. But percentages don’t reflect the alarm like real dollars do. According to a recent December 16th Breitbart article, it cited a University of Pennsylvania Wharton School budget model that showed “Americans on average will have to spend $3,500 more in 2021 to sustain their consumption of years past in 2019 and 2020.”
That is a staggering statistic. That means the average American family spent $3,500 more to purchase the same goods and services than they did the year before! Obviously, the lower the income, the more it hurts. To a family making $200,000 a year, that is a slight pinch in their budget but to a family making $40,000 a year, Bidenflation is already a pain.
As difficult as this is for millions of Americans, this is just the tip of the iceberg. An October 5, 2021, Forbes article covered the Wharton Business School professor Jeremy Siegel who told a group of wealth managers that the current economic picture is “unsustainable and projected a 20% to 25% inflation over the next few years.”
If he is correct, to translate what that would mean, a person making $50,000 a year now would lose about $12,500 in real buying power per year as a result of inflation. In two years, they lose $25,000 in buying power. In other words, inflation acts like a reduction in income, the more it goes up, the less people make, and it affects everyone. The couple making $200,000 will see their real buying power reduced to $100,000. When that occurs the economy skids to a stop, it reverses and begins to shrink. Businesses lay off workers and workers can’t afford to pay the ever-increasing prices.
Here is the problem, once inflation gets started, it is nearly impossible to stop. It is like a runaway freight train going downhill. Everything in its way gets crushed, homes, businesses, jobs, families. In the end, all but the wealthiest are devastated. Families’ savings are wiped out, houses are foreclosed on, businesses closed, unemployment lines grow longer and longer.
So, are we there yet? Are we becoming a monetary feudal society? No, not yet thank God, but the trajectory is pointing that way. The momentum has shifted, the wheels are now rolling. For years we had very little inflation but that all changed as soon as Biden got in office, almost instantly we saw a spike. We saw it at the gas pump first, closing down pipelines was an idiotic move. Then came all the excessive spending which economist warned us about, they said it would result in inflation but the calls for caution were ignored. Though Biden is responsible, he is not alone. It takes a complicit Congress and Congress just raised the debt ceiling another two trillion dollars. It wasn’t just Democrats either, an ensemble of inept Republicans were just as guilty.
So, what does this mean? Raising the debt ceiling means that we are going to spend another $2,000,000,000,000.00 more than we already have. That’s our money, that’s your money. Now ask yourself this. How much of that do you think you will get? This is why Bidenflation is monetary feudalism. The rich will get richer and everyone else will get poorer. I personally wouldn’t give someone a credit card and say go and spend all you want. Why would we do that with our government? Yet we do. They are spending our money and we are paying for it. Reckless spending results in real consequences. All those corporations that get government contracts are the ones that benefit, not the average working family, we just get stuck with the tab. And keep in mind this is just starting, this is year one of his administration. Think what it will be like if inflation does hit 25% in a year. What will happen to all those families who are struggling now? They will be devastated.
To be fair, not all the blame can be laid on Biden, nevertheless, he is responsible, he is the President. His policies are a disaster, but the truth is the national debt had been ballooning for years. For all the hoopla over Trump expanding the economy, which he did, it also came at an enormous expense. The national debt rose a staggering $8 trillion during his administration. Our government spent way more than it took in; that’s on him, but Obama did the same, and so did Bush. All those wars were extremely costly, and we are still paying for them by the way and will be paying for them for years to come.
What Biden did though was take office and make matters worse. Build Back Better is a boondoggle that will make gigantic corporations richer and the public poorer. What we will witness in the years ahead will be the greatest transfer of wealth in our nation’s history. Wealth will be acquired by major corporations and the CEOs at the expense of the average worker. We, the people, are the ones paying for it, whatever “it” is. The speed, the rate of all this happening, is in direct proportion to the inflation rate. If you lose 25% of your earnings it means someone else is gaining it. If you lose 50% of your money, ask yourself who is gaining it? There are usually two answers, big government or big business, or both. Usually both. That’s the reality of monetary feudalism. Note: there has been a lot of buzz about redistribution of wealth over the last several decades especially on college campuses. Here is the nasty truth about the matter, when “redistribution” occurs it is always from the many to the few and never from the few to the many. It is a con-game that is employed on the gullible and naive and yet many fall for it.
Here’s the pressing problem, and it is bigger than Biden. It is obvious to any honest observer that he is clueless, and I seriously doubt that he has any idea what he is doing. Nevertheless, to reverse the course that we are now on takes restraint, not excess. We can’t spend our way out of this crisis. Our nation is a family, a large family and we are no different that any family that has gotten themselves in this financial situation. Millions of families reached a financial crisis where they spent way more than they could afford and then were on the brink of bankruptcy and foreclosure. They were going to lose everything. What they had to do was tighten their belt, spend less. They had to prioritize their expenditures and determine the absolute necessities. We must do the same. We absolutely have got to start paying back on our debt. It cannot go on forever without devastating consequences laid upon us and for sure our future generation, and it essential our youth understand this. Any financial planner will tell you that it is always the expenditures that are the problem and never the income. The same goes for our nation.
What does all this mean? We need new leadership, honest leadership who can tell it like it is. We have created a tremendous problem in our nation that will only get worse. Joe Biden is like the captain who is playing Santa Claus on the Titanic. We don’t need handouts and gimmicks. We need someone who knows how to steer the ship. He is not the man, nor is the vice-president. We’re already scraping icebergs and can’t wait much longer for someone else to take the helm.
These are just some of the reasons to ratify the 28th Amendment. We, the people, need to be able to recall a President and vice-president who are not up to the job. Our future is literally ticking away and if you don’t believe me then see for yourself, go to www.usdebtclock.org. The United States debt per worker is a staggering $229,706 at this moment. A family of four owes nearly half a million dollars and counting. The total unfunded liabilities per citizen is an astronomical $485,370. This is what you owe. That’s your money they are spending, and they want to spend more. This is the fright train I am talking about and if we don’t stop it nothing will. It is your future that is ticking away in their hands, the hands of the President and his administration. You either decide to get involved and stop it with the 28th amendment or the train will run you over. It’s your choice.
What is before us is a monumental task, but we can get it done and we need your help. Please call or email us today to get involved. It is going to take a lot of us to do it, but we are Americans. It took a lot of us to build it and it will take a lot of us to save it. There is no other option. If our nation goes down, we all go down, only the elites will survive, so help us to right the ship because we can turn this around if we act now.
God bless you and may he bless our efforts to save our country.
Call 855-732-2559 or email us at [email protected]
