posted on Sep, 14 2019 @ 12:26 AM
There is a clue in the 'cash for clunkers' scheme you mentioned. The eligibility requirements were that cars has to be fully registered and insured,
in good running order, under 25 years old, under 18mpg efficient. The vehicles were then immediately destroyed and reduced to scrap. The scheme wasn't
about getting old cars of the road. It was about destroying physical capital and real world wealth in order to change symbolic numbers and make
balance sheets look different on paper. A similar event happened during the great depression when entire fields of food were burnt to raise food
Economic and monetary events since the 1930's have been about this fixation on symbolic paper numbers and electronic digits. All at the expense of the
real world around us that is our actual wealth. Water became bottled drinks, parks became entertainment venues, markets became supermarkets. The
increasing monetization of everything tricks us into thinking that we get paid more and hides that we have less real wealth in the process.
ZIRP and NIRP is a continuation of this ongoing process into the final stages of symbolic digits destroying the physical wealth that we have in life.
Money and other symbolic units are really important and provides so much value to our lives. But we are about to learn that the physical world is
slightly more important still. The illusion that money is wealth and even better than wealth is about to die. Money, dollars, credit cards are not
going away, they are too valuable in their utility. But most debts, investments and currency systems will not survive fully intact.