To grow the economy, the New World Order promotes predatory industries
It is obvious to those who follow the alt-financial media that our current monetary system is ostensibly flawed, since the vast majority of humanity does not benefit from its structure. But to its developers and promoters, it is a system used to exploit others. To these elite, it is a wonderful wealth extraction system. Only a small part of humanity does not end up on the losing end.
As society devolves and humanity degrades morally we can observe how the economy and the financial system transform along with it to reflect this harsh reality. So, we should not look at our new economy and lament of imminent collapse. Rather, we should soberly view this transformation of the economy as a logical evolution. Moral restraint precluded us from giving in to our indulgences and thus, kept many sectors of our current economic system from growing too large. This is no longer the case.
I am not here to judge whether I condone certain activities or behaviors, but a simple analysis of these matters can easily show to the objective person that what is good for you and me is bad for the economy. Conversely, what is bad for you and me is good for the economy.
Let’s take a look a some of the new and growing industry sectors in this new world economy.
Gambling and games of chance
When I was an undergraduate Economics student back in the 1980’s my professors taught that gambling and games of chance, in game theory, were examples of “minus-sum” or “negaitve-sum” propositions. Essentially, it was viewed that the negative externalities of gambling and games of chance (e.g. higher crime, gambling addiction, regressive wealth extraction, broken homes, personal bankruptcy) outweighed the positive externalities (e.g. higher tax revenue, casino shareholder profits, and casino jobs).
Indeed, society was much different back 30-40 years ago. There were tight restrictions on gambling, casino construction, and lotteries. This was done ostensibly to be less injurious to society as a whole. A large percentage of the population were concerned with the adverse consequences of gambling and it was reflected in the nation’s legislation at the time.
Americans who made bets with gaming, lotteries and offshore regulated betting firms lost approximately $107 billion in 2017, an increase of 1.5% on the previous year, and that’s expected to increase to $118.5 billion this year, according to H2 Gambling Capital, a data and market intelligence firm based in the U.K. That does not include unlicensed or “black market” activities.
Marketwatch – This is how much Americans lost on state-sanctioned gambling last year (May 15th)
“There’s an underground gigantic pool of revenue and now it moves into the sunshine,” said Ted Leonsis, owner of basketball’s Washington Wizards and hockey’s Washington Capitals. “It’ll make sports betting for the next generation of sports fans as mainstream as buying stock in Fortune 1000 companies.”
The American sports-betting market is projected to be one of the biggest in the world. Research firm Eilers & Krejcik Gaming estimates that as many as 44 million people could place $245 billion in bets each year if all 50 states were to allow widespread betting. The more likely scenario, according to Eilers, is that 32 states would allow betting by 2023, with $120 billion in total bets creating some $6 billion in annual revenue for the sports book operators.
Bloomberg – ‘Gigantic Pool’ of Cash Awaits Teams in Dawn of Legal Betting (May 15th)
It is clear that the gambling industry is going to continue to grow and there is nothing that can be done to reverse its course. The toothpaste is out of the tube and the people demand it. Moreover, the moral stigma that kept it under wraps is no longer present.
The U.S. Supreme Court recently struck down a federal ban on sports gambling. My first thought was what took so long?
Americans can legally bet on soybean futures, the rise and fall of stocks, horse races, dog races, state lotteries, real estate investments, church bingo games, the roll of dice and various card games.
But not sporting events?
Americans love sports and a significant percentage of them like to bet on sporting events. Nearly two-thirds of Americans and almost three-fourths of sports fans think sports wagering should be legal.
Troy Media Legalized U.S. sports gambling? It’s about time (May 25th)
As we can see, the rationalization is overwhelming. So, I say, let’s make it legal. Society wants it. Notice what the author opines; “Now the trick is to put the revenue to the best use: on public fitness and activity initiatives.”
Gambling and games of chance are regressive forms of taxation, and those least able to deal with the negative externalities of gambling are usually the ones most affected by it (the working class poor). However, it is clear that the tax jurisdictions are eyeing the potential windfall from gambling. If you and I are to benefit from this tax windfall potential we need to make certain that we never gamble.
In other words, in this economic system you and I benefit when everyone else gambles and we do not.
Marijuana and alcohol consumption
It is clear that the marijuana industry in the U.S. has exploded in size over the past decade.
From fashion to fragrance, to beverages both hard and soft, celebrity sells. And with marijuana sales expected to reach $8-10 billion by the end of this year, and projected to double to $20 billion by 2022, more celebs are investing money and lending their names to get a foothold in this growing market.
Chris Walsh, founding editor of Marijuana Business Daily (yes, there is such a thing), said, “This was an industry in the shadows. It was all around on the black market for many decades. It kind of rose up very quickly. A lot of people were shocked by how fast it materialized.
CBS News – Seeing green: Celebrities selling marijuana (May 27th)
Once again, I am not here to judge whether one should smoke or consume cannabis. My opinion is irrelevant. With this said, the NWO elite want us to smoke marijuana all day. They understand its characteristics on the human mind and body. It makes many of the users less healthy, less willing, cognitively-dulled, and more docile. If marijuana empowered the population its use would be strictly banned and would never be shown in the media, especially in comedic and casual form.
So, with my understanding of the predatory economic system we are enslaved under, it is in my best selfish interest for everyone else to smoke as much marijuana and drink as much alcohol as they can. I have less competition in business and a larger potential rental pool for my properties. Moreover, the tax revenue generation is going to expand greatly as a larger part of the population embraces mind-alterer usage.
In other words, in this economic system you and I benefit when everyone else consumes marjuana and alcohol and we do not.
Predatory lending and all forms of debt
In a debt-backed currency system, all the debt outstanding by all the participants of an economy largely help to support the monetary framework. By definition, those who do not possess income generating assets and can stay ahead of this money growth end up on the losing end. It is a predatory system. The debt is essentially a guarantee on the future labor of the worker, or as in the case of the U.S. government, its ability to tax us. As the debt grows over time, so does the size of the monetary system.
In a predatory lending scenario, the borrower is usually more desperate and is often more willing to give up a lot in the process. Imagine a predatory payday loan; the borrower is essentially promising a huge chunk of her future labor potential. Who said the U.S. abolished slavery? Debt slavery is alive and well today.
Even if we borrow for a house and pay 3.5% interest, we are promising the lender a piece of our future labor potential. As we can see, a debt-backed, fractional reserve monetary system is predatory, by nature, as those with the money to lend can extract the future productivity of society.
Imagine a scenario where everyone in an economy decided to pay off all their debt; the economy would instantly collapse and asset prices across the board would plummet.
Thus, the only form of debt we should take on is under a situation where we have offsetting income (e.g. rental property, profitable business, etc.) and not to use debt to finance personal consumption. Moreover, it is in our best selfish interest to make certain that everyone else is in as much debt as possible while we are debt-free.
In other words, in this economic system you and I benefit when everyone else is in debt and we are debt-free (unless you use debt to finance a profitable investment).
Conclusion – Society gets the monetary system it deserves
We need to contemplate how society has evolved over the past 40-50 years. Why should the monetary system collapse? I submit to you that this monetary system is just a reflection of its willing participants. It is an ungodly system and it is meant to be used by amoral people. These people prefer games of chance, embrace socialism (the concept of something for nothing), partake in marijuana consumption and other mind-alterers, are in perpetual debt servitude, and are much less healthy than their ancestors. In the new world economy if everyone stopped going to the doctors and were no longer getting sick the economy would collapse.
Don’t worry, the economy is growing, thanks to an amoral social class that is being served by a bunch of growing industries. We should be thankful that these growing predatory industries will help the economy to grow. The best part is that you and I can benefit, but we can’t become its victim.
Our monetary system is supported when everyone is sick. Asset prices are supported when everyone is in debt. The national citizenry is docile when everyone is smoking. People cannot rise up and rebel when everyone is losing money from gambling. It may be a predatory system, but if all we cared for was ourselves it would be in our best interest interest to grow these predatory industries, so that the government can raise as much tax revenue as possible and we can weed out our competition.
Welcome to the new world order. Look around, we are already here.