Interesting thesis. It would certainly explain why it hasn't failed so far: the global elites do not yet want it to.
Or never will?
Remember that rotten as it is, the current arrangement can easily continue into the indeterminate future. Inflation is not necessarily a danger, so long as it is managed properly.
Print more currency, prices rise.
IF the overarching goal is to keep the hamsters scurrying wildly on the wheel, going nowhere, then give cause to raise their incomes sufficiently to keep life moving ahead, day over day. Even if the relative position of the individual in the scheme of things runs at a continuing loss, so long as he perceives himself as having enough to survive, he will likely remain docile, and that latter bit is key.
Everything, and I mean
everything in terms of economics boils down to
RATIOS. The amount of currency in circulation in absolute numbers is perforce arbitrary, and therefore of no concern whatsoever,
in sé. It is the proportionality of that number to the things of perceived real value, as well as that of individual holdings that determines said individual's reality. If he has enough, he remains a good boy. If he is pushed beyond the threshold of "nothing to lose", his behavior will likely change as a perceived matter of survival. That is the point where things become potentially dangerous for the tyrant.
So once again, print money, jack prices, increase wages. Do this with proper calculation and it makes no whit of difference that a loaf of bread cost fifty trillion dollars, if the man in line has five hundred quadrillion in his wallet. Ratios. They are all that matter in such affairs. But this is precisely where Theye have been so clever. Print money X%. Jack prices X%. Raise wages Y%, where Y < X. Johnny Q. Publick has now become poorer by the proportion of (X - Y)%, and he never saw it coming - never knew what hit him. It comes in thin slices, like salami (hence the now forgotten term "salami politics"), each chafing, but not enough to rouse the beast. Before you know it, circumstance is gone from single-earner household with wife and three healthy, happy, intelligent children, to barely surviving on two incomes and a single, disaffected, morose child who cuts himself, familiy vacations long having gone the way of the dodo and utterly alien to the modern "family".
This is pretty sinister stuff, and we are drowning in it to such a degree that we are no longer able to see that forest for the tree into which our faces have been pressed to the bursting point of our skulls.
Manage the ratios correctly, and this system of phony baloney "living" can be maintained indefinitely. Knowing this, do we believe that the presumably smart people running this freak show are actually losing control? I cannot yet come to such a conclusion, and must therefore at least entertain the possibility that we are being lead down a very specific garden path in a carefully weighed manner. What we currently experience is what
Theye want for us. The one thing I can say for certain is that there is
nothing organic about that which we are experiencing in terms of economics. I will venture no further than this economic angle, though there is much more.