The collapse of our current fiat currency/central banking economic system is a mathematical inevitability. Never has it been more important to acquire a financial education than in the current global economic context. The problem is that the financial education gleaned from within the Matrix, from the mainstream institutions and educational establishments and from the ‘6 O’clock News’ in your country, is full of lies, deception and Propaganda.

To find out the reality of the global economic situation you must look outside the Matrix. It is essential to distinguish between the facts and the misleading mainstream stories. In this interview with Jeff Berwick from ‘The Dollar Vigilante’ (Episode 52 of “Living outside the Matrix”), you can get an excellent summation of the essentials of what you must know to survive the coming financial storm.

Jeff touches on many inter-related topics that the listener can take note of, and study up on, in the fullness of their own time. Understanding concepts such as central banking, fiat currencies, the Federal Reserve, and hyperinflation, along with why the next financial collapse is mathematically inevitable, is an essential part of your financial education. He also points to two important books (that can be read in a day or so) to help you grasp the basics of economics. These are “Economics in One Lesson – by Harry Hazlitt” and “The Market for Liberty – by Morris Tannehill.

He also refers to the ubiquitous propaganda and lies that are rife within the mainstream narrative and the need to question everything we hear in the ‘News’. He points out the myths about capitalism and anarchy and how the meaning of the words has been hijacked and twisted. It is refreshing to hear the correct definitions from him. I hope you enjoy the interview.

Financial education basics – understanding economics

I use the following definition of economics: “The study of principles of human behaviour concerning the exchange of values (goods, services and money), and the socio-political conditions required for the creation of wealth.”

Over the past 50 years, Keynesian economics has become the basis for all Western economies. Most academics, politicians and economists today are Keynesian. What do they advocate? What are the key ideas of the Keynesian thinking? Well, it is based upon the writings of John Maynard Keynes (1883 – 1946), and broadly speaking, the Keynesians advocate the following…

Implicitly, property rights are not universally recognised and respected, only to a degree. You can own what property the state allows you to own, but the state can seize it from you at will either by taxation, compulsory purchase or other arbitrary decrees.

A centrally planned economy with an imposed fiat currency. Some semblance of a free market is tolerated yet the concept of central banking and the fixing of interest rates (the price of money) is excluded from the free market. A fiat currency is one issued by decree – that means you have to use it by order of the government. Without a free market in money, strictly speaking, there is no free market. This is why what we have today in the western world is called a mixed economy.

Regulation of the economy (a controlled economy – not a free market) by government intervention.

A belief in the need to ‘stimulate’ the economy by deficit spending. This means borrowing and increasing the public debt. Although Keynes also advocate reducing taxes to stimulate demand this is like trying to keep your cake and eat it too! The money has to come from somewhere, usually by confiscation in the form of taxes, or these days by creating money out of thin air using the printing press in the form of ‘Quantitative Easing’ (QE).

An almost obsessive belief in the necessity of prediction,