© MMXX V.1.0.0
by Morley Evans
No one knows how the end will come or how. I think COVID-19 is how. Not the virus, the panic. Everyone knows the U.S. dollar is worthless. Everyone knows it is kept alive because China buys T Bills. China has mountains of dollars and U.S. debt is the only thing Americans have that China wants to buy.
The lockdown is wrecking the world economy. The world economy is U.S. dollar-based. Everyone decries consumer debt. Government debt is much more. When governments cannot service their debt, governments default. A fifty per cent devaluation is in the works already. More may be coming soon.
Bankruptcy is how this will end. The lockdown as a response to COVID-19 is a cover. We are already bankrupt. Everyone knows it, except us.
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