Posted on 11/20/2023 8:06:56 AM PST by Kaiser8408a
Martha and the Vandellas said it best: “No where to run, no where to hide.” We are already seeing rioting in the streets.
Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently.
Rubino says, “If the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on it means we are in a financial death spiral…”
“The debt goes up, the interest on the debt goes up and that raises the debt even further, and you just spiral out of control.
We are there right now. The official U.S. debt is $33.5 trillion. It’s growing by $1.7 trillion a year, and $1 trillion of that is interest costs.
We are in the blowoff stage of a 70-year credit super-cycle.
People are going to look at this and say, ‘Do I really want to hold the currency or bonds of a country that is destroying its finances at this trajectory and this scale?’ The answer will be ‘No.’
At that point, it is game over for a deeply indebted economy. We are headed that way fast, and these wars are taking us that way even faster.”
Rubino says in the end, we get a “massive reset,” and the everything bubble explodes.
Riots, already happening in American cities (not to mention looting in New York City, Chicago, San Francisco and Los Angeles), will accelerate if Congress attempts to curtail entitlements (now at $211.65 TRILLION).
Meanwhile, Biden keeps giving away money (student loan forgiveness, electric heat pump mandates, etc.).
(Excerpt) Read more at confoundedinterest.net ...
I believe that there are two.
One is regional (quite obviously). Only regional powers within about 1,000 miles are referred in Ezekiel 38.
The one you’re referencing is global, because they come from the four corners of the Earth.
Guess that the world 🌎🌍 bill find out.
Glad you’re watching.
✝️🙏🛐
...when there’s no money left for the EBT cards and the generational welfare deadbeats actually have to go out and get a job to eat.
***
That’s when violent crimes will escalate beyond what LEOs will be able to control. It’s nearly here now, but it will be third world at that point and most people are oblivious.
My tag line is there for a VERY specific reason
I may add both to my list so either way your note was helpful.
I try to get it right but some things are tough to be dogmatic as you noted.
(Guess that the world 🌎🌍 WILL find out.)
Thanks again, autocorrect 🙄🙄🙄
Re: 14 - Utter nonsense. It’s never too late to start doing preps.
It’s sure does.
L
“If you are not a “Prepper” it is too late.”
Something is always better than nothing.
L
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