Yes, yes, I am aware of all those situations. I'm also aware that the populations of most Western countries are in decline. The birth rate isn't keeping pace with the death rate as many people chose not to have children. Which means a decrease in demand. Hence the interest of many countries in having migration.
And that very mechanism of the US Treasury issuing bonds for the Federal Reserve to buy, is what they use to make our money seem legitimate. And the same mechanism will be used to create the "Universal Basic Income." On top of that, you can't forgot that one of the reasons for no inflation in the face of an ever increasing dollar supply, is that most of those dollars are held abroad, or by the Fed. Once countries lose faith in the dollar, and it comes home to roost it'll be a whole different kettle of fish.
Also, I believe we are now in the deflationary phase that precedes a hyperinflation. And some areas, like food, are already inflating. I'm paying a lot more per week than I did last year. And with the recent flooding and storms since the beginning of the year, there have been a lot of crop losses.
But I wasn't trying to get into all that. Just to explain why I believe UBI won't work.
A lot of people will become unemployed, but giving them free money is not going to solve anything. I believe people have a basic need to work. To feel useful. That's what separates us from a criminal who takes without giving. Just look at the gas shortages that happened during the recent storms. There are even studies mentioned by Reason Magazine that show how they fail, and how their results are doctored to seem promising. Production is the basis of morale. Without that, we feel useless, and free money might stave the hunger but it won't change that fact.
The only way is to educate and create new jobs. Automation will come and replace a lot of jobs, especially the ones that you have to pay more than what they're worth (i.e. minimum wage).
People need to take their lives into their hands and get training in areas that will be necessary.
Certainly, food will be a very important area of attention. In the coming Solar Minimum, a lot of crops will be lost. And it'll be necessary to replace the lost food. That and cryptos would be 2 great areas to get involved in.
Ultimately, I agree. It's farcical. But it's intended to create the wealth transfer from the lower classes to the elite class. No president on Earth can change that. Only loss of faith in the system, and the shift toward cryptos can fix that problem. But people need to understand the problem as well, so they don't fall into the same trap. These are critical times we are in. I'm just trying to warn and elucidate as many people as I can.
I wish the best to all of us!