AI Snips
Chapters
Transcript
Episode notes
Cause of Manufacturing Loss
- The US lost manufacturing due to the Triffin dilemma and the dollar’s global reserve status.
- Tariffs are ineffective band-aids that increase domestic costs without fixing fundamental problems.
Economy Controlled by Counterfeit Class
- The US economy increasingly revolves around the counterfeit class controlling money printing.
- This causes a shrinking productive base and worsens wealth inequality.
Distinguishing Real vs Fake Capital
- Real capital represents labor and goods produced; fake capital is unbacked printed money.
- Money must be stable in supply and tied to real capital to avoid boom-bust cycles.