USA - no longer the land of milk and honey, the and of the free

Every generation needs a revolution - an entrepreneurial revolution

USA when I was younger was reputed to be the land of milk and honey and everybody wants to be go to USA   It was everybody's dream.   People sold their belongings, waited for days at US embassy to get their B1 B2 visa to be TNTs later.    The Philippines best and brightest struggled to be there.  I did not.   It offered the  kind of life the conveniences and luxuries not found in the Philippines.

But all of that changed after I watched two videos:   that of homelessness and urban decay.  Perhaps brought about by Covid 19 and inflation.   Despite too many billionaires in USA it cant enter my mind that there are poor people there.  Where there is too much basketball and movies and basketball stars earn millions.   

At least if it is bad in our country, at least we know to be bad from the  start   At least we can build it up.  But decaying from prosperity, it looks like hard to accept  

US poverty rate. There are more young below poverty line to as high as 20+%

Now do we envy USA?  Is it is still our model  Let strive to have our own   A Filipino model of progress and sustainability.  

Homeless in the USA:

Poverty in USA

Stages in Monetary history - why civiization collapse

Every generation needs a revolution - an entrepreneurial revolution

These were the steps enumerated:  (Swinging from quantity and quality)

1.  The country has a solid monetary system in gold and silver

2.  The country takes on more expenditure

3.   The country funds a massive military

4.   The military is used and expenditures  expands  (Not true for US it sells armaments to the word)

5.  The country debases the currency with deficit spending

6.  The population senses the worthlessness of the currency

7   People shift to gold and silver;  a great transfer of wealth from those hoding on to fiat currency to those

     holding gold  

Our country is in 5, beginning with Duterte.  However, it is hoped that we are not printing more money..  But borrowing more

But in 2022, our base currency increasing from mere P1.8 trillion to P2.0 trillion 

https://tradingeconomics.com/philippines/money-supply-m0  P200 billion increase

Philippine Gold Reserves -  down to 157.00 tonnes from 197.00 Do we have enough gold

Philippines gold reserves

Its $64.7 million x 157.00 tonnes = $ 10,157.9 billion x 54  =  P548,526.66 billion he gold reserves went down by 40 tons x $64.7  =  $2,588 billion x 54 = P139,752 billion

Roughly 547,526  /2,000,000 = 27% of total base currency.  This does not include loans to bank which is P9.3 trillion

So total currency is $11 trillion (P9.3 + 2)     Gold reserve vs total currency is 2.5% how thin.   When the currency system collapses

Apocalypse for 16 retail giants in the US

Every generation needs a revolution - an entrepreneurial revolution

Brutal closure of 16 retail behemoth in US  The pandemic and recent external factors have been most unkind to the biggest of the retail establiishments in the US It is incredible that this should happen in USA - the most powerful and strongest nation and earth and center of most excellent management.

The management did not pay attention to the wings of change:

1.   The shift to on line shopping   Amazon was ready and poised to take advantage of this development

      Even CVS which is engaged in health products was not exempt.  Health products should have been

      failure proof..  Shoppers did not need to go to brick and mortar store.  They simply order online and

      delivery companies handle the rest

2.  Quality, high end garments like Brooks, JCPenney failed because WFH did not require elegant suits.

3.  As usual, vulture investors were waiting in the wings and ready to rehab and rejuvenate many of the 

     failing companies  Some were usually behind hope like Sears.  (This follows the business truism that

     wealth is not destroyed, it is simply transferred -  I disagree   Wealth can be lost by fire or theft)

4.  High gasoline prices and other effects of inflation lessened shopping money 

 

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