Hyperinflation and insolvency is the natural progression for any nation with a democratically elected government.
I like Bonner. He is right.
The problem with Bonner is the ridiculous number of adds for this and that which hit your mailbox.
Washington will continue to kick things down the road, until China is ready to pounce. They will take over the US without firing a shot
“Hyperinflation and insolvency is the natural progression for any nation with a democratically elected government.”
Yes and No. Yes, because people will always vote themselves more money. No, but there was a safegaurd to prevent this in the United States. Specifically, taxation was usually related to property when the Constitution was enacted. In order to be eligible to vote, you had to own property. While people will vote themselves more money, landowners generally won’t vote themselves more taxes. The cry was “No taxation without Representation” but we should have also followed “No Representation without Taxation”.
The real problem with democracy is it always votes for more socialism. Socialism ends up overspending, being government run is inefficient and subject to graft. The conversion from Democracy to Socialism, IE Socialist Democrat, Democrat Socialist, ect. is where things get ugly and dangerous.