They can’t stop themselves. Who’s bribing them?
For the better part of the last 100 years, US government bonds have been considered by many the safest investment in the entire world. The US economy is absolutely massive, and the country is home to many of the largest companies on the planet. This dynamic provided protection in the eyes of investors. The thought being that if you lent money to the US government, you didn’t have to worry about whether or not you were going to get paid back. As the taxing authority of the world’s largest economy, if the US government ever ran into trouble, it could simply raise taxes and use that money to pay back borrowers.See also United Nations along with hundreds of NGOs giving out debit cards and cash to illegals entering America! Because of this, US government bonds have been viewed by investors and the finance community as the only truly quote unquote “risk free” investment that exists. This commonly accepted belief has led to US government bonds being extremely popular investments for everyone from individual investors, to pension funds, to banks, and even other countries. The supply of investor money wanting to purchase government bonds has consistently exceeded how much money the government has needed to borrow. As a result, borrowing money has always been relatively cheap for the US government. However, that dynamic may finally be starting to change. The ripple effects of which would be felt throughout the world.
Hence my tagline. And it ain’t just the US. It’s the world.
We’ll inflate our way through it: make the dollar worth 25 cents, reduce the deficit to 25% its current level. It also raises revenues by forcing people into higher tax brackets as subsistence level salaries skyrocket.
The government will spike the economy with short bursts of spending and long bouts of inflation much like the Covid spike and its inflation-filled aftermath.
I don’t think things will crash for another 5-10 years. Debt needs to get to about 200% of GDP first. That will make the US nearly worthless and allow the people pulling the strings to replace it with CBDC. The same CBDC that is having tests run and will be gradually introduced for a few years between large money centers and the Federal Reserve. One could almost believe there is a plan.
At other major countries are getting ready for the final solution to personal freedom, the CBDC on the same schedule. 2030.
There’s now no known way to keep Congress from raising the debt limit. And that is going to collapse the dollar.
When we were operating under the Bretton Woods monetary agreement the link to gold seemed to keep Congress in check. They paid attention when the Fed or the Treasury testified and warned them about consequences to the dollar.
But maybe it was nothing more than the people we elected then still had some allegiance to the common good of the country. That’s something totally alien in the new multicultural woke era.
Nixon abandoned the gold link by Executive Order and no subsequent President has seen fit to resurrect it.
“Women’s suffrage and the size of government” by John Lott
https://johnrlott.blogspot.com/2012/01/womens-suffrage-and-size-of-government.html
Why worry?
This only ends one way, prepare because there are no alternatives.
The “debt” (meaning, all of it) will never be paid. Either the population will submit to debt slavery or they will remove the government and cancel the debt - all of it.
It’s too bad we allowed debt to function as money, it’s too bad we legalized usury and made usurers the government, but we did and now it will come to an end.
Rebuilding will be faster if all debts are cancelled at the same time, if you try to squeeze by by cutting spending at the mnargins the torture will go on for a long time.
The annual debt service on that $34 trillion will soon surpass $1 trillion, and continue upward as the Central Government continues to borrow. Washington is borrowing money to pay the interest on the money they’ve already borrowed. Many states are in a similar situation yet they keep spending and borrowing. Default will be a word we hear increasingly in the not too distant future. UK defense people alerting their people that war with Russia is on the horizon. Australia, New Zealand and Canada publicly discussing conscription. The USA missing recruiting targets for its volunteer military, and setting the stage for the same. It certainly looks as though the WEF and the other “world elites” have already made the decision (in an attempt to save their sorry asses) and are now preparing the masses. Look at the rhetoric of the dips in Washington about striking Iran directly. Could it be any more clear what they have planned?
Biden wants to do with federal debt what he did with student debt. Just zero it out. Already the funding of new student loans is impossible to any finance entity with fiduciary obligations. Finding investors to fund student loans when the oversight regulators cancel debt obligations is a real problem.
All according to plan
Destroying Sovereign America for Satan’s Globalist Godless New World Order. /shiny side out
Daniel 7:23
King James Version
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
https://www.biblegateway.com/passage/?search=Daniel%207%3A23&version=KJV
A collapse is coming, period. And then the payback begins.
Nothing less than 20 million dead democrats will suffice. Do you read me, Bill Ayers! /spit
TOTAL FINANCIAL COLLAPSE IS UNAVOIDABLE.
The only question is how long can we put it off? And the longer we put it off, the worse it will be.
Already it’s going to be bad beyond our imaginations.....
Here’s what 34 trillion is. If every dollar of the debt were one second, the debt would equal 10,600 centuries. There are only three ways to eliminate the debt
1) keep taxes as they are and cut all federal spending in half and use the unspent portion to pay down the debt. That’ll take 100-120 years
2) repudiate the debt which will destroy the country’s credit rating raising interest rates to unimaginable levels
3) inflate the currency wildly. Today about $2000 will buy an ounce of gold. Inflating the currency to the point where it takes $2,000,000,000 to buy an ounce of gold will discharge debt and impoverish all of us to Uganda levels.
Guess which one is most likely.
p