In strategic sectors of the US economy, the price of goods and services in the US economy are far in excess of what is economically affordable for the bottom 80% of consumers in the US economy. These strategic goods and services include housing, healthcare, education, transportation, insurance and retirement. An economy is weak, broken and uneconomic if consumer price levels for these most important goods and services are too high, on course to bankrupt most consumers in the US economy in the next 3 - 5 years, if the status quo uneconomic policies and conditions set by both the democrats and the republicans, continues on a going forward basis.
On the surface, the US economy looks strong and resilient because loan default rates are low and demand for housing, education, transportation, healthcare, etc... is strong and America is set to have one of the strongest economic recoveries in decades. But if you look just one or two layers under the surface of the US economy what you will notice is that the US economy only looks resilient and strong because the US government has been flooding the US economy's coffers with tens of hundreds of billions of dollars each year beginning in the early 1980s, to keep the uneconomic US economy growing, financing uneconomic growth making the economy look strong and resilient. To do this, the price of goods and services that most consumers care most about, became more and more expensive each year. Ever since the The Global Credit Crisis and Great Recession of 2007 - 2008, the amount of financing that the government has to lend to consumers and businesses to keep the uneconomic US economy growing is in the multiple of trillions of dollars each year.
Because America has not taken the time to repair or fix the market failures in the US economy that makes the economy uneconomic and more expensive every year, the government needs to borrow even more from itself to help consumers and businesses pay for their more expensive consumption and more expensive investment each year. This unsustainable rapidly growing uneconomic growth supported by catastrophically higher borrowing and debt accumulation by consumers and business in support of this economic insanity is not sustainable. The mother of all financial collapses awaits America and the world if we do not correct this over the next 3 - 5 years.
One of the primary drivers of the uneconomic price levels in the US economy is the Market Power and Leverage that the supply side of the US economy (Corporations and Investors) has "OVER" consumers in America.
As an example, the price of oil, food, housing and transportation this year up at rates we have not seen since the great inflation of the 1970s. Why is this? Do we have shortages in oil, food, housing and transportation. No, not at the level that would cause inflation to spike to levels not seen in 50 years. Consumer and general demand levels in the economy have not even begun to return to 2019 levels and here we are in 2021, so how in the hell are we so so so so so so supply constrained now?
What is happening is that the supplier in the US economy are purposely with holding supply, to support prices at these high levels to recoup losses that they may have incurred during the pandemic in 2020 or simply constraining supply (Capital Discipline) to increase their profits "BECAUSE THEY CAN". In supply side industries this is called Capital Discipline. I call it capital bullshit (or Crony Capitalism). It is purposely withholding supplies from the market to maximize profits, using the pandemic as an excuse to say production cannot be ramped up to meet demand, and supply chains are tight and all of this is out of our hands. The traders on wall street and in commodity market get wind of this capital discipline (a hidden signal between manufacturing industry and the trading community - Not really hidden if you know the language, when this is happening, just go to Wall Street Journal, turn on CNBC or Bloomberg and you will here analyst talking day and night about capital discipline and how, why or how long they expect supplier to keep Capital Discipline policies in place)and the begin bidding up commodity prices in these strategic sectors and now everyone starts to talk about a commodity market super cycle developing in oil, agriculture, metals, etc......You see we have a self fulfilling prophesy, indirect market collusion on the supply side, that no one ever calls out. Everyone in the industry knows about this but never says anything, but why would they, they benefit wildly from these actions. Most consumers are not aware of this, they are drinking the Kool-Aid that supply side industries and Wall Street are feeding us through the economic media. Now government regulators are very aware of this, but they do not say anything or make a big issue about this because, many of them are in bed with the supply side industries and too, since most consumers are unaware of this, they are not being held accountable for calling the supply side industries out on this anticompetitive behavior that is robbing and bankrupting consumers and consumptions in the US economy, making the US economy even more uneconomic than it already is.
The capital discipline that we see producers or suppliers of products and services in the US economy doing now, is what they have been doing over the past 40 years, supporting price levels in the US economy that are far in excess of their economically affordable levels for US consumers. The recovery from the pandemic just brings to light what they have been doing over the past 40 years, completely wide open for everyone to see, the problem is that consumers are not aware of this anticompetitive behavior. They just think that it is the invisible hand of the free, competitive and fair market that Ronald Reagan and the republicans have preached to us about or should we say, lied to us about over the past 40 years. In many ways i believe this Covid-19 pandemic was a message being sent to us by the forces of nature and the universe, giving us an opportunity to see how our economy works, what is wrong with it and what we need to do to correct it before its too late.
What if there were a way for consumers to band together in the marketplace, all across the US economy and were able to exert their purchase power decision leverage in the market place against suppliers of commodities, cars, insurance, housing, Healthcare, etc... signaling their intentions to withhold purchases from suppliers who are withholding production to support already uneconomical and unaffordable market prices in the US economy..........or use their collective nationwide purchasing decision power leverage to signal to specific suppliers, their intentions to withhold purchases of their products and services, if suppliers keep their current uneconomical and unaffordable price levels where they are today, ....etc..... What if consumers could do this, it would level the playing field in the market place, where national and global suppliers of products and services have significant Market Power and Privilege in the market place and have absolutely no incentive to compete and give consumers the competitive and affordable economic prices that they deserve in the market place.
Well, the Good New is Here, the Economic Gospel for the USA is here to tell you that the technology for doing this in America and around the world is here and can be used to do this. Its called Blockchain. You have heard about it already in many forms. Bitcoin is based on a blockchain technology that allows people to transfer money to each other. Wall Mart and many large corporations are and have been using Blockchains more recently here to make their operations, super crazy more efficient, with the ability to reduce processes that once took several weeks to complete, now only taking 2 seconds to complete. Most of the uses of Blockchain today are for applications on the supply side of the economy, that again, allow these companies to save tens or hundreds of billions of dollars per year, but do you think they tell consumers and pass those big savings onto consumers in the form of lower and more affordable prices??? I think you already know.......
Why hasn't someone suggested how American consumers can use blockchain to make our economy more economic, creating economic conditions and an economy that works best for everyone. No one has told us because our economy is broken, our economy is immoral, our economy is rigged to work for and maximize value for the shareholder in the US economy at the expense financial destruction of the bottom 80%. It is not in the financial interest of the status quo on the right or the left to bring this up or even think about such a bold yet workable solution, that will bring true equity to the market not by executive order or congressional mandate, but rather by leveling the actual supply and demand playing field at the transaction level in the market place, so the economy is incentivized to work best for everyone based on true, live and dynamic supply and demand on equal and transparent competitive terms.
Today, the federal government has the power and the coordinating resources to partner with private industry to create a national blockchain for consumers in strategic industries where market prices for products and services that consumers care the most about and are at price levels far in excess of consumer affordability levels, for the bottom 80% of consumers in the US economy. Block chains create a network of buyers and sellers in markets that creates 100% transparency, accountability and have the ability to exert leverage in market place transaction with its smart contracts, which automate the conditions of buying and selling in the market place, based on conditions set by users of the Blockchain. Federal, state and local policy conditions and constraints can be imbedded in the block chain so that democracy based economic strategy and policy agreed to by legislatures at different levels in conjunction with the private sector - will allow economic strategy and policy to be applied dynamically and instantaneously in the marketplace, affecting transactions for the products and services that American care about most.
With the blockchain, we now have the ability to create a digital currency that works for the economy, making the economy work best for all consumers and all businesses, at the level of buying and selling everyday, dynamically in the market place, with no delays and no back room deals or regulators looking the other way or suppliers colluding indirectly using capital discipline to create commodity super cycles, bankrupting US consumers, with soaring commodity prices that are artificially being bid up to pad profits for corporations and investors. Blockchain technology will be used as part of a national economic strategy lead by the president of the united states, similar to what was done by president Biden to get the Covid-19 pandemic under control. I discuss this in the National Economic Strategy that I have proposed to America, its called the Economic Gospel for the United States of America. The technology for saving America and the world from Polarization and Selfish destruction is here. We have to grab it and use it for the righteous causes in our economy and our society, TODAY, to Win America's future for current and future generations of Americans, before its too late!!!!!!!!!!!! Yaaaaaaaaaaaaaaaaaayuuuuuugh!!!!!!!!!!! Let's Do this!!!!!!!!!!!