Posted on 02/04/2024 2:10:24 PM PST by davikkm
Billionaire investor Ray Dalio is warning about a 34 trillion dollar debt fueled tsunami that is about to strike the US economy. With each passing second, this storm is getting larger and larger, making it even more painful when it finally does hit. The fallout of which will likely be felt for generations.
With each passing second, the US national debt grows. Adding fuel to the potential debt crisis Dalio mentioned in that clip. However, until relatively recently, this hasn’t mattered much. But according to Ray Dalio, things are now finally starting to change. Here’s why.
(Excerpt) Read more at citizenwatchreport.com ...
Voters don’t want a balanced budget, they want pork...lots and lots of pork.
They can’t stop themselves. Who’s bribing them?
For the better part of the last 100 years, US government bonds have been considered by many the safest investment in the entire world. The US economy is absolutely massive, and the country is home to many of the largest companies on the planet. This dynamic provided protection in the eyes of investors. The thought being that if you lent money to the US government, you didn’t have to worry about whether or not you were going to get paid back. As the taxing authority of the world’s largest economy, if the US government ever ran into trouble, it could simply raise taxes and use that money to pay back borrowers.See also United Nations along with hundreds of NGOs giving out debit cards and cash to illegals entering America! Because of this, US government bonds have been viewed by investors and the finance community as the only truly quote unquote “risk free” investment that exists. This commonly accepted belief has led to US government bonds being extremely popular investments for everyone from individual investors, to pension funds, to banks, and even other countries. The supply of investor money wanting to purchase government bonds has consistently exceeded how much money the government has needed to borrow. As a result, borrowing money has always been relatively cheap for the US government. However, that dynamic may finally be starting to change. The ripple effects of which would be felt throughout the world.
Hence my tagline. And it ain’t just the US. It’s the world.
We’ll inflate our way through it: make the dollar worth 25 cents, reduce the deficit to 25% its current level. It also raises revenues by forcing people into higher tax brackets as subsistence level salaries skyrocket.
Over the years, the public has gotten so addicted to government programs everything from Social Security to Food Stamps and in many ways the military keep the population pacified.
Nothing will change until the rest of the world forces the changes on the USA either thru direct military action or a debt crisis that cripples everything.
Nothing is ever mentioned about who we owe the debt to but we know it’s the very people who cheated us out of our money forever. They print money we pay them to print and took away any value in our currency. Why even pay the cheaters back? They plan on getting it all from us…2030 you will own nothing. Truly stupid on our part.
The government will spike the economy with short bursts of spending and long bouts of inflation much like the Covid spike and its inflation-filled aftermath.
” ... We’ll inflate our way through it: make the dollar worth 25 cents,”
A nickel candy bar now costs well over a dollar.
The dollar will never be worth 25 cents again.
I don’t think things will crash for another 5-10 years. Debt needs to get to about 200% of GDP first. That will make the US nearly worthless and allow the people pulling the strings to replace it with CBDC. The same CBDC that is having tests run and will be gradually introduced for a few years between large money centers and the Federal Reserve. One could almost believe there is a plan.
At other major countries are getting ready for the final solution to personal freedom, the CBDC on the same schedule. 2030.
There’s now no known way to keep Congress from raising the debt limit. And that is going to collapse the dollar.
When we were operating under the Bretton Woods monetary agreement the link to gold seemed to keep Congress in check. They paid attention when the Fed or the Treasury testified and warned them about consequences to the dollar.
But maybe it was nothing more than the people we elected then still had some allegiance to the common good of the country. That’s something totally alien in the new multicultural woke era.
Nixon abandoned the gold link by Executive Order and no subsequent President has seen fit to resurrect it.
“Women’s suffrage and the size of government” by John Lott
https://johnrlott.blogspot.com/2012/01/womens-suffrage-and-size-of-government.html
The Chinese may say either the US government accepts Chinese financial supervision or the dollar will not be convertible at the Chinese central bank.
Without convertibility, Walmart shelves and Amazon warehouses would soon be mostly empty.
Only countries with the ability to run a positive trade balance can run on the gold standard - i.e. Germany, China, Japan, and Taiwan.
Why worry?
This only ends one way, prepare because there are no alternatives.
The “debt” (meaning, all of it) will never be paid. Either the population will submit to debt slavery or they will remove the government and cancel the debt - all of it.
It’s too bad we allowed debt to function as money, it’s too bad we legalized usury and made usurers the government, but we did and now it will come to an end.
Rebuilding will be faster if all debts are cancelled at the same time, if you try to squeeze by by cutting spending at the mnargins the torture will go on for a long time.
The annual debt service on that $34 trillion will soon surpass $1 trillion, and continue upward as the Central Government continues to borrow. Washington is borrowing money to pay the interest on the money they’ve already borrowed. Many states are in a similar situation yet they keep spending and borrowing. Default will be a word we hear increasingly in the not too distant future. UK defense people alerting their people that war with Russia is on the horizon. Australia, New Zealand and Canada publicly discussing conscription. The USA missing recruiting targets for its volunteer military, and setting the stage for the same. It certainly looks as though the WEF and the other “world elites” have already made the decision (in an attempt to save their sorry asses) and are now preparing the masses. Look at the rhetoric of the dips in Washington about striking Iran directly. Could it be any more clear what they have planned?
Lance the boil.
Cancel it all - today.
It will leave us no worse off than Germany on June 5, 1945 or Japan on August 30, 1945, and we have the advantage that everything is not destroyed.
It is not going to be forever.
Hope their bags are packed.
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