So... the western economies continue to borrow themselves into indentured servitude to the Bankers, Eventually the Bankers own everything and everyone and the people are treated like cattle, to be managed for resources or slaughtered. For the Love of Money/Power/Control great Evil comes forth, and Satan Laughs.
Modern slavery is not bound with physical chains, it is walked into voluntarily with debt and enforced by contract law
In a few years???We be there. The American public won’t do anything until their bank accounts are effected and stomachs empty.......
Back before Trump was elected, I told people that we’d probably be done in less than ten years. By trump’s second year, I said I thought it would be less than five. And to be clear, that has nothing to do with Trump. I think he helped extend our life.
But by late 2019, I was saying 2020 would be the last “normal” presidential election we would ever have, and even it might not be normal. And here we are.
And regarding the economy, before the virus thing I saw it collapsing within five years. And then we destroyed the economy (yes, past tense. We are an airliner with no fuel left, gliding our way down from 35,000 feet into the ocean).
I don’t see it going more than two years, and even they will be rough. And I’m talking internationally. Not just the US. This also explains my tag line from last year.
kicking the can down the road has been a business model for the .gov for a while now ..
...people are getting way more from entitlements than they paid in...
The food shortages will be a problem.
The gas price spike will be a problem.
Rising interest rates and inflation will be a problem.
Rising unemployment will be a problem.
When people are personally affected by their “choice” of Biden (that they did not challenge the unconstitutional rule changes to voting, that they did not challenge different standards within a state for voting or curing ballots, that they did not challenge the clear and obvious fraud that occurred) then they will get angry.
This does speak to why I left Seattle for rural KY and 32 acres I control.
Silver and ammo. If silver doesn’t hold any value, I can throw it.
Let’s just print a Quadrillion dollars and get it over with.
We’ll never go bankrupt as long as they can print money !!
and yes this is sarcasm for the mentally challenged.
I have no doubt this is coming. the only unknown is when and some details of how.
We woke up one morning, read the newspaper and learned the USSR was kaput. Yesterday it was fine, today it was gone. It happened that fast.
Folks, study what happened to the USSR. It is a very interesting study.
Gold should be 10K/oz by now....
They lost me right there.
Biden: We Have To Spend Money To Keep From Going Bankrupt
I worked with business in bankruptcy. Lots of interesting observations. Everything was fine until the bank called and said no more credit.
It was always the banks fault for calling the loan.
Just watch, the Dems will try to nationalize all retirement accounts. They’ve floated the idea for years.
Better bring in 50 million illegal aliens and refugees and give them unlimited welfare. That’ll fix it. By giving the democrats an even bigger standing army to keep the tax slaves in line.
Now, to easy your mind regarding bankruptcy. Life went on, but it was tough. Some went to work in town and some found new creditors to repeat the process.
In Mongolia, they had a hard life but were excited about the future with the new found freedom.
Bankruptcy is just a realignment. All the creditors stand in line for the assets, those at the back of the line get nothing.
The physical assets stay there, the book entries/electrons disappear.
The USA has been Officially Bankrupt since August 15, 1971 when Nixon declared it Publicly.
It will be the death of the democrat party, who depends on pandering hand-outs to get votes. No more sitting back waiting on that EBT or SNAP card refill, ‘cuz it ain’t coming.
, which is why conservatives must also work to reduce our unsustainable spending levels.
Nothing changes till the cash flow stops.
or the corollary.
Cash flow affects mgt more than mgt affects cashflow. If I win the lottery, management decisions get pretty shitty. If I lose all my cash flow, I get hungry and start making better decisions.
Well, that may be you and I, the rest will riot.