Posted on 03/24/2024 3:06:24 PM PDT by Kaiser8408a
Face it. The Federal government is broken. Congress and the Biden Administration are addicted to spending money and running up massive debts. There is no attempt at fiscal restraint because they will always argue that “More money must be spent!” On what exactly? Usually pet projects (aka, pork) like the LGBTQ retirement home in Boston for $850 thousand and $15 million for Egyptian college tuition.
How does “broken money” work? Badly. Without any fiscal restraint, politicians can just give away thousands/millions of dollars to the donor class (donate $1, get $1,000 in return). As you can see, the net worth of the top 0.1% has exploded with each ensuing “crisis.” There was the 2008/2009 financial crisis and the 2008 Covid crisis. With each crisis, the top 0.1% get richer and richer. You will note that net worth for the top 0.1% is closely related to M2 Money printing. Like, who gets the money printed by Uncle Spam? The 0.1%, of course
Keep this in mind as the chaos increases and narratives begin to form around using bitcoin as money. But we will never see inflation “normalizing” as long as Congress and Biden keep spending money.
Here are 3 of the BIG SPENDERS, Obama, Biden and Insider trader pro Pelosi. Do any of them look like the care about the bottom 50% of net worth or inflation??
(Excerpt) Read more at confoundedinterest.net ...
“the 2008 Covid crisis”
Demonstrating the care and depth of the author.
“…Without any fiscal restraint, politicians can just give away thousands/millions of dollars to the donor class (donate $1, get $1,000 in return). As you can see, the net worth of the top 0.1% has exploded with each ensuing “crisis.” There was the 2008/2009 financial crisis and the 2008 Covid crisis. With each crisis, the top 0.1% get richer and richer. You will note that net worth for the top 0.1% is closely related to M2 Money printing. Like, who gets the money printed by Uncle Spam? The 0.1%, of course….”
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Of course. That’s why so many of our so-called “elite” (as well as their lobbyists, politicians, hangers-on, paid parasites and co-conspirators) cheer on Zelensky and Ukrainian operatives when they scream GIBS-ME-‘MO-BILLIONS. A significant slice of those billions get stuck on all the sticky fingered.
What passes for editing these days. SMH.
Right out of Atlas Shrugged, a primer for the Biden Administration.
LOL
I was reading the other day about $7.5 Billion in that trillion dollar slush fund set aside to build EV charging stations back in 2021 all across the country.
They have built five.
Five.
Normal people know that it didn’t take $7.5 Billion Dollars to build five charging stations, and they also know that money is long gone into places it will never be regained or accounted for.
Oh well. A billion here. A billion there...soon you’re talking about real money.
$1.5 billion per charging stations. Even if it’s $1.5 billion for 5 charging locations of several chargers that’s still outrageous.
Plus, left ungarded and the charging cables are cut for the copper.
Just think of EV chargers stripped for scrap metal as reparations. It’s only equitable!
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