Posted on 06/15/2022 11:12:30 AM PDT by ConservativeInPA
The people who are going to “fix it” are the ones breaking it now.
Not likely. There’ll be hell to pay and they’ll be the first targets.
“Things are going to get VERY interesting.
Plus, debt servicing for the Treasury just went through the roof.”
Many people thought the bankers were bluffing because of the large national debt.....apparently they weren’t bluffing.
Every 1/4 percent interest rate hike adds about 75 billion to 90 billion in debt servicing.
I’m not worried, the debt will be serviced, but hopefully some budget responsibility is carried forward.
The Federal government doesn’t need a surplus but receipts & outlays should be in the ballpark.
“hopefully some budget responsibility is carried forward”
Not on this planet—or at least not in this timeline.
.Gov is gonna party til they collapse in a heap.
“I’m convinced at this point, considering the high number of wimps, dopes, and crooks infesting Congress, that a total crash of the system will be our best hope of trying to fix it.”
I’ll second this position.
A congress full of zoo animals would be an improvement.
> to control inflation
Why? Isn’t it just transitory?
I tend to think the same way. But we must prevent the same types from gaining control again.
We have the blueprint to rebuild: The Constitution.
Yup. Shoulda unplugged the Treasury printing presses a few years ago and CUT spending. Paralyzing the economy with a two year lockdown was just plain stupid. Flus come and go.
BINGO!!!......energy has to be produced!.....Fiat money can be printed....
Thats why the founding Fathers picked gold and silver...
Allen Greenspan understood this in 1967 ...
http://www.math.snu.ac.kr/~hichoi/finmath/AlanGreenspan-GoldEconomicFreedom.pdf
I disagree. Shipping costs are important but not that important. Reckless monetary policy by the Democrats are to blame for inflation. Don't let them off the hook. They own this.
It’s Thursday and the DOW is down 800 right now.
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