Posted on 06/17/2023 8:02:29 AM PDT by Kaiser8408a
Money makes DC go around. Particularly when there are no effective constraints on the Administration or Congress’s ravenous appetite for insane spending (like Biden bragging about the US funding a large solar energy in Angola while he leaves the southern border wide open). After all, Biden, Schumer and McConnell all believe our money (along with our children) belong to them.
So, since the coronation of King Barack in 2009, US public debt has grown by 200% and just breached $32 trillion. US M2 Money is up 152% since Obama/Biden and The Fed’s Balance sheet is up 275% and M2 Money Velocity is down -30% since Obama/Biden.
And there is no end in sight for US debt expansion. There is $192 in unfunded liabilities which will require much more debt.
Now you know why people are flocking to cryptocurrencies. Washington DC spending and debt issuance is out of control.
Our money belongs to DC politicians and The Donor Class.
A joint meeting of the Biden Administration and Congress.
(Excerpt) Read more at confoundedinterest.net ...
Billions of dollars have vanished, which to me means it’s been pilfered. In the Iraq war alone, 4 billion was unaccounted for. A few billion here and a few billion there, it starts to become real money. But no one seems to care.
Money makes DC go around.
************
A river of money runs through it. The denizens of DC are always looking to wet their beaks.
With the help of Congre$$
The author is being a bit disingenuous by not mentioning Trump as well. In this matter, Trump was part of the problem, not part of the solution. Yes, I know Congress is reckless with money, etc., etc. But the buck stops at the Oval Office.
I hope Trump has a plan here should he regain the White House.
I dunno. Perhaps we are past the point where any plan could work.
I also wonder about the author’s reliance on cryptocurrency. If it chose to, couldn’t the government shut down those exchanges rather easily?
Thank you for pointing that out.
Agreed. Trump should have never signed the kung flu bills. Trump messed up kung flu lockdowns big time. His biggest problem was trusting swamp rat bureaucrats. I will still vote for him. The first two years of his administration were great. His second term will be glorious.
Just to be fair, this started with Bush/Cheney and the great war of American Imperialism to “fix” the Middle East. Bush got his war in exchange for everyoe else getting whatever they wanted. Obama and Biden just carried it on. Trump wasn’t even a speed bump along the way.
It’s a legitimate question to ask. How much of our military spending goes to the military? How much is pilfered by various corporate interests?
Rumsfeld having trouble finding $2.3 Trillion the day before 9/11
We really had bad luck the next day, given that the Pentagon wing that was clobbered reportedly housed financial records.
𝘐 𝘢𝘭𝘴𝘰 𝘸𝘰𝘯𝘥𝘦𝘳 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘢𝘶𝘵𝘩𝘰𝘳’𝘴 𝘳𝘦𝘭𝘪𝘢𝘯𝘤𝘦 𝘰𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺. 𝘐𝘧 𝘪𝘵 𝘤𝘩𝘰𝘴𝘦 𝘵𝘰, 𝘤𝘰𝘶𝘭𝘥𝘯’𝘵 𝘵𝘩𝘦 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘴𝘩𝘶𝘵 𝘥𝘰𝘸𝘯 𝘵𝘩𝘰𝘴𝘦 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘳𝘢𝘵𝘩𝘦𝘳 𝘦𝘢𝘴𝘪𝘭𝘺?
Government will see women and children burn alive (Waco), will kills its own citizens with drone strikes (I can’t remember the target name, but it happened during the Obama Admin), and will indefinitely detain American citizens for over two years for “insurrection” without actually charging them with insurrection under 18 U.S. Code. Shutting down, or seizing crypto exchanges would be child’s play. I’d imagine tens of thousands of new IRS agents could be tasked to facilitate that.
Here's the good news: It never was ours, and it never was money. It always was the Banksters/FED, and it was debt from the gitgo.
Here's the even better news: We the People will never evah be paying back a single plug nickel on this debt.
You are kind of slow.
Ever since They passed the 16th and 17th Amendments we have been a fascist nation.
https://www.wordnik.com/words/fascism
A failed currency is a defining characteristic of any democratic society. Simply put, any political candidate who preaches fiscal responsibility is a losing candidate.
THE END.
What’s crypto currency have to do with any of this?
Once the national debt reaches these levels the sole purpose of taxation is to punish and humiliate the masses—the debt could not be repaid at any tax level so why bother....
> What’s crypto currency have to do with any of this? <
It was mentioned in the article as a hedge against runaway inflation.
I want DeSantis to stay as governor. As you say Trump will be a place holder. More of a speed bump from the demons in the swamp. The only hope is a state by state takeover and DeSantis has shown how to do it. Trump will not be able to “drain the swamp” but can do what he did last term and at least slow it down. The real power will be in the states standing up to the evil demon swamp rats.
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