Rand Paul Rips "Wasteful" Government Programs Amidst Rise In Debt, Warns Of Repercussions

You Tube ^ | 5/29/32 | Forbes Breaking News

[Impala64ssa]

Published on May 28, 2021 On the Senate floor this morning, Sen. Rand Paul (R-KY) listed a series of "wasteful" studies and government programs in a speech against further debt spending.

[Impala64ssa]

Sen Paul highlighting a few of too many examples of govt waste, reminiscent of Sen Proxmire's Golden Fleece awards. Gosh, where would we be if not for the govt funding those studies of lizards on treadmills? $700k to figure out if Neil Armstrong said "one small step 'for man " or ..'A man'? That money could've been better spent figuring out if Jimi Hendrix sang "kiss the sky" or "kiss THIS guy"? Better keep my big mouth shut or they'll get more dumbass ideas.

[Veggie Todd]

Let’s go line-by-line through the federal budget and see what’s really “necessary”.

[ETL]

The Harris-Biden call for unity!
Together we will drive the final nails in America's coffin!

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Cloward-Piven Strategy (CPS)

First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and his wife Frances Fox Piven — both longtime members of the Democratic Socialists of America, where Piven today is an honorary chair — the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse. ...”

Much more at the source:
discover the networks org / organizations / cloward-piven strategy

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[AnotherUnixGeek]

Paul is a voice shouting in the wilderness. Too many Republicans are on board with the Democrats on government spending - it’s out of control and it won’t be stopped until the entire rotten structure crashes. I realized that when Reagan came to office in my teen years and government spending actually increased.

[Oatka]

Rand Paul Rips "Wasteful" Government Programs Amidst Rise In Debt, Warns Of Repercussions

One possible repercussion - foreign central bankers, who want to end the dollar as a reserve currency, will implement Basel III at the end of June. Gold as a reserve, goes from a Tier 3 asset (valued at 50%, including Treasuries) to Tier 1 (full value, replacing Treasuries). In preparation, they bought over 650 tons of the stuff, reaching a 50-year record.

Who is left to buy those Treasuries?

It's gonna be an interesting month, as part of Basel III is that the gold reserves have to be in PHYSICAL gold, not paper contracts. The London gold market and others, have issued paper contracts with no real metal behind them (like the silver market), used that "paper gold" to suppress the market, tried to stop Basel and failed. Now they have to deliver and are scrambling.

So . . . either gold has run up in anticipation of a squeeze, and will collapse if nothing happens, or it will take off in the face of a recognition that fiat currency has died, as it always has.

Fasten your seat belts.