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Jamie Dimon Warns of ‘Rebellion’ as Government Debt Balloons, Economy Heads Towards ‘Cliff’
Liberty Daily ^ | Feb. 1, 2024 | By Tom Ozimek, The Epoch Times

Posted on 02/01/2024 7:22:07 AM PST by Red Badger

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To: bigdaddy45

“Zippo. He was all talk.”

I agree. While Trump is far and away our best option, he’s not perfect. Trump did spend a lot, even before the pandemic.


21 posted on 02/01/2024 7:34:16 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: bigdaddy45

“Pull your head out of your ass.”

Another over emotional whiney poster. I mistook you for someone capable of an exchange.

I hope you didn’t upset your mom when you were banging away at your keyboard.


22 posted on 02/01/2024 7:36:55 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: brownsfan

“gee, i wonder what his motive is?” Yeah, I’m the guy who’s not capable of intelligent discourse.

And Deshawn Watson is a pervert.


23 posted on 02/01/2024 7:38:07 AM PST by bigdaddy45
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To: Red Badger
Borrowing money to give away is not just irresponsible, it is criminal. Budgets for essentials are inflated and are wasteful. I keep citing a current example of inflated slush fund budgets, the woman program manager for the Army who paid her own fake company $100,000,000 over just a few years and NOBODY NOTICED until the IRS wondered where she was getting all the money for her spending spree. That much money has become less than crumbs off the table in the massive spending budgets that are now common. If you cut that money from the budget everywhere nobody would even miss the programs it was supposed to pay for.

Illegals are costing more than anyone cares to admit or imagine.

All government programs have become a blank check written for as much as the supplier wants. It is far far far past time for government to say, this is all we have. If you want the job it will have to be done for X or not at all. At first they will walk away and posture and threaten but they will come back when the alternative is no money at all.

Sadly, nothing will ever be done. Politicians have no will or spine to do what is necessary. WE WILL CONTINUE THE DEBT DEATH SPIRAL. THE US WILL DEFAULT. There is no if to it at all. The situation is practically hopeless.

24 posted on 02/01/2024 7:38:20 AM PST by Sequoyah101 (Procrastination is just a form of defiance)
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To: bigdaddy45

One thing we could do is to put the House of Representatives on a four-year election cycle two years offset from that of the presidency and senators on a seven-year election cycle.

Most would be willing to campaign less - it’s the most work most of the federal political officeholders do.


25 posted on 02/01/2024 7:42:22 AM PST by Brian Griffin
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To: Sequoyah101

I spent years doing government contracting before i felt so dirty I had to get out of it. I have friends who have become multi-multi millionaires purely from sucking off the government tit. And the military industrial complex is one of the worse offenders.


26 posted on 02/01/2024 7:46:29 AM PST by bigdaddy45
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To: Red Badger

Yeah, I enjoyed Atlas Shrugged, it was far more prophetic than I had imagined, though I was seeing signs of similarity for sure.


27 posted on 02/01/2024 7:48:11 AM PST by Robert DeLong
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To: Brian Griffin

Politicians’ number one job isn’t to do whats right for the country — its to get re-elected. We don’t have statesmen. We have people who want to keep being voted prom queen.


28 posted on 02/01/2024 7:48:15 AM PST by bigdaddy45
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To: bigdaddy45

“We have no leaders in this country. This is issue number one and NO ONE is talking about it or taking action.”

The problem is, people like Jamie Dimon are not stupid and he has a boatload money. While he has benefited from the corrupt and duplicitous political class, he undertsnad the law of large numbers and sees a snowballing debt as a threat to his continued wealth.

Dimon is smart enough to see the evaporation of all U.S. wealth on the horizon due to inflation and a worthless dollar decoupled from the world as the reserve currency. Apart from that, he could give a rat’s ass less.

Never underestimate Joe’s ability to f^(k things up — Barrack Obama


29 posted on 02/01/2024 7:48:16 AM PST by Bshaw (A nefarious deceit is upon us all!)
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To: Red Badger

There should be standard budgets being prepared for Fiscal Year 2024-2025 by department and by the nature of the expenditure: recurrent, project continuation, new stuff.

For each budget item, a Republican and a Democrat should each say what they’ll support. The chambers should then vote out based on the minimums for each item. This would keep most of the government running.

They should then meet again for supplementals.


30 posted on 02/01/2024 7:49:21 AM PST by Brian Griffin
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To: Sequoyah101

> THE US WILL DEFAULT. <

I think it more likely that the US will inflate its way out. Just throw all restraint aside, and start printing $100 bills. Pay off the debt with worthless paper.

This will of course lead to Weimar-style hyperinflation. I guess that really is a default of sorts.

As a side note, there has been some talk of the Feds seizing all tax-advantaged retirement funds. The theory is that since they’re tax-advantaged, the money really belongs to the government. That’s nonsense, of course.

But it’s not theft, dontcha know? Because your fund holdings will be replaced by 30-year government bonds paying 1%.

Some congressman floated that idea awhile back. If I can find the article I’ll post it.


31 posted on 02/01/2024 7:51:31 AM PST by Leaning Right (The steal is real.)
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To: Brian Griffin

“ One thing we could do is to put the House of Representatives on a four-year election cycle two years offset from that of the presidency and senators on a seven-year election cycle. Most would be willing to campaign less - it’s the most work most of the federal political officeholders do.”

The House is closest to the people, and 2 years is a good number for them. 6 is fine for Senators, but we need to return to the State Legislatures selecting them. After that, we need term limits: 3 for the House, 2 for the Senate. Also, no lobbying for ex-Congress critters for at least 10 years. They need to go home and resume their “before” life.


32 posted on 02/01/2024 7:53:26 AM PST by Rlsau1
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To: Red Badger

GDP includes government spending—so the reality is even worse than it looks at first glance.


33 posted on 02/01/2024 7:56:16 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: Red Badger
...foreigners own $7 trillion of U.S. government debt...

Scary
34 posted on 02/01/2024 7:57:52 AM PST by ComputerGuy (Heavily-medicated for your protection)
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To: ComputerGuy

$7 trillion is:

7000 BILLION DOLLARS..............................


35 posted on 02/01/2024 8:00:28 AM PST by Red Badger (Homeless veterans camp in the streets while illegal qs are put up in hotels.....................)
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To: bigdaddy45

I would disagree with that, the worst offender is the welfare industrial complex. No military can waste as much as they do.


36 posted on 02/01/2024 8:00:28 AM PST by AZJeep
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To: Leaning Right
I can't argue with your premise but I still consider it default since it is failure. It can be painted sweet but it will still stink just as badly.

Inflating out would match the trend of the day, making something go away by declaration. Have an illegal alien flood? Simple fix is to deem them legal. Problem solved. Next?

Before long they are going to have to become more efficient than printing $100 bills and go to $1,000's. Right now we have skipped $50's and gone straight from $20's to $100's for walking around money.

37 posted on 02/01/2024 8:00:58 AM PST by Sequoyah101 (Procrastination is just a form of defiance)
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To: Sequoyah101

“Illegals”

There is a reason why you mostly see single men:

“According to a stunning Fusion investigation, 80 percent of women and girls crossing into the U.S. by way of Mexico are raped during their journey. That’s up from a previous estimate of 60 percent, according to an Amnesty International report.”

https://www.huffpost.com/entry/central-america-migrants-rape_n_5806972

“They beat me on my legs with a bat because those of us who had no money were beaten,” she recalled. “Those who said they didn’t have any money, but when searched were found to have some, were hurt even more. They said, ‘Oh yes, she has some money,’ and they raped them. I saw many people raped. I saw them left naked and beaten. One, two, or three of them grab you and rape you, and then the next one comes and rapes you again, and if you scream, they beat you.”

https://www.christianpost.com/news/they-are-raping-us-hundreds-of-migrants-sexually-abused.html

What is the Congress go to do? Probably, have the females of the single men flown in at taxpayer expense. And what will the females do afterward? Get pregnant and send their kids off to public schools at about $15,000/year/kid, which will send property taxes far higher than now.


38 posted on 02/01/2024 8:03:54 AM PST by Brian Griffin
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To: AZJeep

“No military can waste as much as they do.”

Calling President Zelensky and his summer offensive staffers!


39 posted on 02/01/2024 8:08:31 AM PST by Brian Griffin
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To: Red Badger

he’s correct, despite his politics


40 posted on 02/01/2024 8:16:33 AM PST by faithhopecharity (“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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