I am professionally involved in finance, 33 years.
I have for several years warned clients that our economy is likely being built on vast historic amounts of fraud. Well, since Doge Iโm very correct.
But, little did I realize that so much taxpayer money was being used as part of the scam.
Bad enough that 40% of GDP comes from fed spending, not counting state and local even! No, itโs worse because apparently much of private gdp has been clandestinely supported by YOUR tax dollars and worse yet, borrowed money!
Be prepared. No way in hell can our gdp grow in the next several years. By reducing waste and spending, that money leaves the economy and creates deflation. Deflation while having benefits, also comes at a painful cost in asset values and unemployment.
Trump has taken over an economic ship going full speed to the rocks. And it was done on purpose
And it was done on purpose
I totally agree with that!
I fear the absolute worst is coming and has been for the last 50 years. It has really accelerated in the last 15 and that includes during Trump 1.[More slowly perhaps but still excessive spending the likes I do not think he even grasped fully.]
Yep. It’s all institutions, not just the government.
The fraud is treason, Arrest them all.
The last 'deflationary' period of the U.S. was called 'The Great Depression'๐โ {NOTE the precipitous rise of gold!}
***Trump has taken over an economic ship going full speed to the rocks. And it was done on purpose***
โ๐ I would like to believe that it is a pit trap that can be navigated - but not without painโ Beyond question, the Deep State has been preparing this pit trap in case Trump returned to the White House. I predicted it a couple of years ago as I watched the Bitem puppet regime driving the dollar towards ruin.
I think that they thought that, if Trump failed to return, they could continue to play their juggling games to hide the truth for a while: we are headed towards a collapse. The central bank was knee deep in this destruction.
.....”Trump has taken over an economic ship going full speed to the rocks. And it was done on purpose”.....
Biden was dumping vast amounts of money before he left.... It was hard to watch! Those people wanted to be sure Trumps Administration had nothing.