You Will Own Nothing

by Carol Roth

Ownership—and the opportunities for individual wealth creation and economic freedom that come with it—is under attack.

Credit Suisse’s Global Wealth Report 2022 estimated global wealth at around $463.6 trillion, with 31 percent of that, or around $145.8 trillion, in the hands of Americans.1

And so, today, we lie just a fraction of a millimeter away from a true state social credit system, the ultimate in tyrannical control.

The Constitution is just a contract. If the contract isn’t enforced, it ceases to have meaning.

As much as people innovate and advance technology and science, human nature and behavior remain remarkably constant over time.

War is one of those “rhyming” catalysts for change and new financial world orders. Not every war brings about a new financial world order, but every major new financial world order has been preceded by war.

Americans will slowly surrender their standard of living. We will ultimately become a second-rate power, and we will cede our position of military superiority to other nations.”

What we can project is that the US is in the twilight of its financial empire. The end of King Dollar and a US-led financial world order will lead to disorder before any stable new financial world order. This disorder will lead to chaos in all kinds of ways.

New, powerful technology has not enabled you to own more but, rather, has taken ownership away from you.

You may remember the adage that if a product is free to use, you are the product. You own nothing and they own you—and, in many cases, your output.

These elites want you as an indentured servant. They want to take your life, or at least take your life and rent it back to you.

As noted French economist Frédéric Bastiat said, “When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.”

If you sometimes feel like you are in the second coming of the Roman Empire and watching it crumble from the inside, you would not be that far off.

Following Nero’s example, future Roman leaders continued to extract wealth from the public to pay for varied expenses using currency debasement. The various leaders had different ways of spinning it and different methods of enacting it, but the endgame was the same—less real value in the previously stable money.

When your currency is debased, no matter the time or the place, it ultimately leads to inflation, unrest, and the collapse of financial empires. This is the trajectory that the US is on that will ensure, like the former holders of Roman wealth, that you will eventually own nothing.

[C]hanging the value of money destroys trust between buyer and seller, lender and borrower because it changes the values that were agreed upon. One party got an undeserved gain, and the other got an undeserved loss.” And when it comes to undeserved losses, it is usually those without the wealth and connections who get that side of the coin (no pun intended).

The dollar is amazingly still considered a store of value, even though it has lost almost 97 percent of its purchasing power since 1913, the year the Federal Reserve Act was passed, and 86 percent since 1971, when we came off the gold standard.

While the Fed derives its power and mandates from Congress, it is not truly accountable to anyone. That is intentional and by design. It may be the only entity in America not owned by or accountable to anybody else, yet it has control over the country’s monetary policy!

In layman’s terms, if you or I found a mechanism that let us go into our online bank account and change the balance to whatever we wanted, and we then used that money to buy things, it would be called fraud. When the Federal Reserve does the same thing, we call it monetary policy.

And in this game of musical chairs, when the music stops, it is you, the average American, who is left without a chair.

In the not-too-distant future, people who hold a million dollars will find that they may be millionaires according to their bank but are “nillionaires” according to their purchasing power.

The historic printing of money by the Federal Reserve enabled the biggest wealth transfer in history. It has also enabled the highest level of inflation in forty years, further widening the wealth gap in the US and creating hardship for average Americans.

They destroyed the dollar, destroyed the economy, and then expected you to destroy whatever wealth you had left to save the long-term outcome. They don’t care because they will still get their power positions, speaking fees, and other perks. You, on the other hand, will own nothing.

The US economy has been rigged as it has been moved further away from free market capitalism to a cronyist nightmare wherein central planners and big companies work together to consolidate power.

As discussed, the Federal Reserve has created not synthetic shares but synthetic money, in effect, and instead of the amounts being in millions, they are in the trillions.

The impact of technology on every aspect of our lives is shaping up for rule by an unelected, powerful set of companies that have no constitution or checks and balances on their power, yet wield increasing power and control over just about everything you do.

of elite and global decision-makers can

If you control the food supply, you control the people.

The Federal Reserve, along with the government, has created this unequal and untenable financial situation for Americans. In addition to accelerating a new financial world order globally, at home, they have enabled corporate wealth creation at the expense of the individual. Corporations are now fierce, well-funded competitors to the American Dream, the primary individual wealth creator.

If you can’t pay your rent, you are definitely not investing in anything, let alone getting ready to purchase a house.

I know that it is hard to imagine that in a land of abundance like the US, we would one day not have enough food and water to sustain us. But, as the new financial world order comes about, that is a real threat.

So, water, land, and housing will be at the center of a fight between the political elite, elite businesspeople, activists, other racketeers, and you. What could go wrong?

To put it bluntly, college and university degrees have become the biggest legal financial scam in the country, and the US government has morphed into the largest predatory lender in support of it.

Getting a degree has found many young people struggling to find work commensurate with the value of their degrees. Racking up advanced degrees doesn’t necessarily lead to advanced pay, leaving young people heavy in MFAs and PhDs, but not the letters that matter—ROI (return on investment).

As a rule, you should never invest six figures to get a five-figure job. The returns will rarely make sense.

As of Q2 2022, student loan debt was almost $1.6 trillion, credit card debt was around $900 billion, auto loans were around $1.5 trillion, and other debt was just short of $500 billion.

Students who are taking out loans should be shown, at every step of the process, what their expected return on their investment is, based on their major, school, and other factors, and they should be required to sign off on that as part of the process.

You own nothing, and they own you by promising you morsels from the money they took from you. They also use your money to provide for others and, in doing so, “own” them, too.

a favorite saying I’ve heard is that while money doesn’t buy happiness, it is more comfortable to cry in a Mercedes than on a bicycle.

G Wagon!

Go analog instead of inviting invasive technologies into your home. Alexa isn’t your friend, nor is Siri or any of the other robots with cute names.

Everything of value has value because of a social contract. When people agree and trust the value that something conveys, it is considered to have that value. And that value can fluctuate over time based on the number of people who agree and trust in that value, as well as the scarcity of and demand for the underlying item of value.

sometimes unintentionally, to reading drafts