Posted on 10/26/2024 9:05:41 AM PDT by Kaiser8408a
I just watched Dennis Quaid in “Reagan”. Excellent film. But it reminded me of how Reagan sank the Soviet Union: by outspending the Soviet Union on the arms race. It worked! The Soviet Union, hamstrung by grossly inefficent central planning, couldn’t keep up and collapsed under President George H.W.Bush.
Fast forward to today. Starting with Barack Obama and Joe Biden in 2009, following the financial crisis in 2008. The Federal government ramped up Federal spending, and Federal debt. While The Federal Reserve, the hand maiden to the Federal government, ramped up M2 Money supply.
“You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.” – Rahm Emmanuel
Then came Biden/Harris who drove Federal debt and spending to absurb level (orange box). Like the financial crisis, fans of big government and big government spending will utter the word “Covid.” But that is gross misleading. Covid was the excused for wild spending and debt issurance. And MORE Fed money printing. It’s almost as if Obama/Biden/Harris were replicating Reagan’s bankrupcy strategy in reverse! That is, collapsing the US from within.
As we are all painfully aware, the US Debt now stands at $36 TRILLION with $220.3 TRILLION in unfunded liabilities. Too bad total US Assets are only $217 TRILLON.
Do I believe that Obama/Biden/Harris want a “Great Reset”? Absolutley. Just look at our fiscally unsustable open borders and our politiicians blatanly lying to us. :Like Ohio’s Senator Sherrod Brown who brags about his helping write the border bill that would reverse Trump’s deportations and fund the speeding up of immigration.
(Excerpt) Read more at confoundedinterest.net ...
And that number is falling, not rising, I would assume. If not currently, that will be the reality sooner, rather than later.
I was surprised to find that the US debt and deficit as a ratio to GDP make us like the sixth most broke country in the world.
Far worse than e.g Somalia or Chad!
Some say we are the (neo) marxists now, promoting our bloated DC-centric empire and a perverse, globalist, post-modern ideology.
If true, then our DC masters will indeed bankrupt the country and collapse their ideology, just as the Soviets did.
Previous Soviet leaders would have shot several hundred government and Party bosses, and sent several thousand more to the Gulags.
Gorbachev tried to negotiate an end to the political chaos.
In other words...
Bye, Bye, Gorbachev!
Bye, Bye, Soviet Union!
Solutions:
1) End the Fed.
2) Confiscate all assets at death starting with those who have no will or living trust. You can’t take it with you and your heirs will just have to make it on their own. Do it for 10 years to see how much further we have to go after doing a Javier Milei on the government.
Reagan brought down the Soviet Union, Gorbachev was Russian leader number four against the Reagan multilevel international juggernaut to break them and Gorbachev was a compromiser chosen to handle their weakened position against Reagan and Gorbachev became Reagan’s victim and they landed on Reagan’s trash heap of history.
Oh for God’s sake. Again.
The Soviets Central Bank at the time operated under a very strict constraint of aligning the money supply with the Interior Ministry’s 5 Year plan. They were foolish enough to believe that money had to have a rationale behind it.
They Were Not Empowered To Print Money If It Was Domestically Needed.
And it was at that time because Alaska and the North Sea began to flow oil and reduce the price.
Bernanke in 2008 when capitalism failed asserted his previous writings of “Helicopter Money”. What do you do in an emergency? You create $Trillions and drop it on the system willy nilly as if from a helicopter. You flood the system with money, regardless of rationale. The rationale is desperation.
The Soviets actually believed money had to mean something. Have some meaning. And so they died.
Russia’s Central Bank no longer has that constraint.
In fact, it’s uncomfortable but true, that if the Soviet’s Central Bank operated like today’s Russian Central Bank, they would never have folded and the Berlin Wall would still be there.
You can't count the unfunded liabilities without also counting the unfunded assets.
If I promise to pay my kids $1 trillion, I'm not bankrupting my family, my kids have $1 trillion coming.
If I don't have $1 trillion to give, my kids don't get $1 trillion either.
Reagan had the Saudi's open the taps to bankrupt the USSR.
The price dropped into the single digits.
The Soviets actually believed money had to mean something. Have some meaning. And so they died.
The US actually had something to back our money, a real economy. The Soviets, not so much.
In fact, it’s uncomfortable but true, that if the Soviet’s Central Bank operated like today’s Russian Central Bank, they would never have folded and the Berlin Wall would still be there.
"We pretend to work and they pretend to pay" doesn't work any better with today's Russian Central Bank.
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