Wouldn't surprised me. Nothing surprises me anymore.
All according to plan
Posted on 03/04/2024 4:33:40 AM PST by CFW
A finance expert is sounding the alarm over America’s growing debt, predicting the $34 trillion burden could trigger a meltdown as early as next year if more isn’t done to curb spending.
According to Joao Gomes, a senior vice dean for research and academic initiatives at Wharton Business School at the University of Pennsylvania, the United States’ growing debt could upset global financial markets in 2025 should the next president announce a raft of expensive policies following an election win in 2024.
“The lack of concern by the media and politicians about the U.S. Federal Debt is shocking,” he said in a March 3 post on social media platform X. “We can probably live with current levels. But not with its projected increases over the next 20 or 30 years. We need to be talking about this.” In an interview with Fortune, Mr. Gomes said the spiraling debt could “derail the next administration” and cause all sorts of issues in the market.
“If they come up with plans for large tax cuts or another big fiscal stimulus, the markets could rebel, interest rates could just spike right there and we would have a crisis in 2025,” he said.
“It could very well happen. I’m very confident by the end of the decade one way or another, we will be there.”
(Excerpt) Read more at theepochtimes.com ...
paywall free link:
Ya don’t say.
“...Derail the Next Administration...”
Well, isn’t that the plan?
.
I think the answer to this is to pay for more war and bring in millions of 3rd world people. /s
It’s very clear.
If somehow Trump manages to prevail, Deep State is ensuring that it leaves his admin at the helm of a wrecked, smoking hulk of a ship of state.
Trump will then have to make some hard choices to right it.
And Deep State will be counting on us to jump ship.
I, for one, won’t be making like a rat.
>> “We can probably live with current levels.”
Translation: Biden OK!
>> Mr. Gomes said the spiraling debt could “derail the next administration” and cause all sorts of issues in the market. “If they come up with plans for large tax cuts...”
Translation: Orange Man BAD!!!
These liars are so predictable.
“If they come up with plans for large tax cuts or another big fiscal stimulus,“
If? This guy knows damn well that that’s a likelihood if Trump gets in. He wants to try to blame a dead certain attempt to expand the economy for the results of decades if ignoring fiscal sanity.
I read recently that our debt is increasing by $1 Trillion dollars every 100 days.
I know the Keynesians out there think this is just fine, no big deal, but it is unsustainable.
After the crash, one would think that it would forever discredit the policies of John Maynard Keynes and drive a wooden stake through his black-hearted theories, but...it won’t.
Marxism continues to thrive, after the ideology starved and executed hundreds of millions of its own adherents in the 20th Century up to today, showing that P.T. Barnum was right when he said a sucker is born every minute.
There will never be a shortage of perpetual motion machines, miracle cure elixirs, or get rich quick schemes...even after the ultimate get-rich-quick scheme goes belly up on a global scale.
They will still believe “it wasn’t done right”, and those people will think they can “do it right”.
> I think the answer to this is to pay for more war and bring in millions of 3rd world people. /s <
And be sure to waste billions of dollars to fight non-existent Climate Change.
Assuming two unlikely events happen:
1. Trump is allowed to be elected in November
2. They wait until *after* that time to crash the economy further
Those who control our economy, and stock market, and election outcomes, and media will (in between events #1 and #2 above) put out a bunch of stories along the lines of “Grrrr, Trump is getting all the credit for Biden’s wonderful economy!!!”
THEN comes the crash.
In reality, 2024 is likely to be more like 2008. The economy already sucked as of late 2007, the downward spiral beginning when racist Democrats destroyed the “mortgage sector” by demanding under penalty of law that banks lend tons of money to thoroughly unqualified ghetto racists (money which had zero chance of ever being paid back) so that they could invade nice suburban areas even further.
In September and October the puppetmasters crashed the stock market as hard as they could, which was quite hard indeed.
Then the puppetmasters’ media wing made sure that you knew exactly who to blame (George W. Bush and all Republicans) by the time you had to vote in November, 2008.
I figured they’d do exactly the same thing in 2016 (there was no need at all in 2012) but they didn’t. The same Democrat/puppetmaster overconfidence that led to them failing to crash the economy in ‘16 also caused them to come up just short in the election fraud department.
As we’ve all noticed, they haven’t come up short since that time but there’s still this idea floating around that 2024 will be different.
Just as long as it doesn't interfere with our daily payments of Billions to Ukraine.
Oh yes, I forgot that one!
This is but ONE scenario about which I’ve pondered, postulating the possibility that DS is ‘helping’ Trump to win (as intended).
But this isn’t just about Trump: They intend to eliminate opposition in the process and cement their iron fists.
What will they say when, of course, it doesn’t happen?
My guess: nothing.
Don’t worry, everything will be just fine, we won’t run out of money, Congress can just pass a bill ordering the Treasury Dept tot Print More when we need it...
I guess this explains why Biden is loading the national debt at the rate of $1 Trillion every three months. Dems know they are going to loose election big time so they are setting a trap for President Trump at our expense. And a big expense it is.
DEMS know they cannot win-—
BUT THEY CAN BURN THE FIELDS & SALT THE EARTH
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