Posted on 06/05/2023 12:05:36 PM PDT by Kaiser8408a
Simply irresponsible. Biden’s budget that is!
Biden signed the debt ceiling bill craftted by McCarthy (RINO-CA) and Schumer (Communist-NY). Its allows for uncontrolled spending and borrowing for at least 2 years. And as Milton Friedman once said “There is nothing more permanent than a temorary Federal program … or debt limitiations.
With Biden signaling that government has gone wild with no controls on fiscal responsibility (and Elizabeth Warren flailing her arms and screaming for regulations on cryptocurrencies), cryptos today are getting demolished.
China, Japan and the BRICs realize that there are no controls on ANYTHING coming out of Washington DC. Insane spending, an insane Federal Reserve, corrupt DOJ and FBI.
Doctor, doctor (Yellen), we’ve got a bad case of Federal corruption.
(Excerpt) Read more at confoundedinterest.net ...
Biden is death for many things, but BitCoin is just pure speculation (gambling) anyway. There is nothing of value to back it up.
At what point do the soldiers for the deep state take a look at their 401K plans?
That’s a great question, but I hope your 401K isn’t investing in BitCoin....
Nope. But three years of zero or negative growth is getting hard for anyone to explain away.
There is nothing Biden can’t F/U
Barack Obama
“At what point do the soldiers for the deep state take a look at their 401K plans?”
They know they will ALWAYS be bailed out by tax payers. And they are so deep in insider trading with green scams they are set for life no matter what.
I disagree. The leadership, sure. They are all in parachuted feathered nests. But.....the ones out in the streets and buying bottled water for BLM thugs or acting as travel agents for illegal aliens, are not leadership. They are schmucks who will be cast aside.
While I am still working, I am still investing, so a down market doesnt bother me so much (dollar cost averaging and all). But yes, it was clear from the beginning that Biden policy was going to tank the market. It will come back when Trump is re-elected.
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