We’re dooooomed.
“..I suspect that the ‘government shutdown’ instituted by the Democrats was done to try to collapse the US economy. This is why the believe the longer it goes the better for them....”
I suspect that you are correct.
They knew they couldn’t pull another covid plandemic, but a nice, little economic collapse should usher in the same thing.... The communist basstids need to be strung up...publicly. After a quick trial, of course. Spit.
For the USA 38 trillion dollars in debt is 38 trillion dollars in debt.
President Trump has used tariffs to raise revenue.
He also is cutting deals with South Korea and Japan to get money they have invested in the US.
Those are financial facts.
This is the opposite of QE - Quantitative Easing - that the Fed did during the mortgage meltdown and later to "help" with covid.
The curtailment of QT (i.e., ending the runoff from the Fed’s balance sheet) is intended to bolster reserves in the banking system.
Perhaps. As Congress makes the Fed Govt larger and larger with more and more employees at some point it becomes quite challenging to shut it down.
Not sure we’re there yet but that day may be coming. That’s why it is critical that we cut it back now while we still can and potentially still have the political power to do so.
I’m always amazed at the two realities that people live in:
1) President Trump is doing great. Inflation is down. Interest rates are down. Tariffs are generating huge revenue. Manufacturing is being re-shored. Foreign investment is flooding the US. Stock market at an all time high. Things great.
2) Trump is a disaster. People can’t afford food. Tariffs are driving up the cost of everything. Companies aren’t hiring. Companies are laying off huge numbers of people. The rich have never been richer and the poor have never been poorer. Everything is falling apart and we are going to crash like the Great Depression.
Half the country is crazy. I don’t think I’m in the crazy half. But maybe I’m wrong.
The system was broken in 2008. The draconian reaction of the government back then stopped the breakdown and put if off for a decade. Covid took some of the pressure off and pumped trillions into the markets.
We are far from a liquidity trap, which would cause a huge drop in asset prices.
It all depends on what is happening in the Repo Market, that’s where the real fireworks always happens.
Another article from OCD-doomer Michael Snyder.
Nothing “just broke”.
>> at this stage we simply aren’t being told anything
That’s a ROFL hoot! At this stage (and every other stage) bullhorns like “America First Report” are trumpeting this or that mutually conflicting and slanted “interpretation and analysis” we’re supposed to believe like it’s the Gospel itself! 🤣 Too little information ain’t the problem.
Later!
When that bursts, we'll get another round of "why we must bail out the banks."
If that happens, they should be nationalized, broken up, resold and once again forbidden from engaging in trading any instruments except T-Bills. Current management would also need to be sued into oblivion and/or jailed for fraud, which is what should have happened in 2008.
The federal debt is ~$110,000/American resident.
The federal debt is ~$240,000/American worker.
Wouldn’t this cause gold to spike today? It’s not.
There are trillions in liquid cash.
Stocks could fall 50% and most investors would still have plentiful profits.
“”I suspect that the ‘government shutdown’ instituted by the Democrats was done to try to collapse the US economy. This is why the believe the longer it goes the better for them.””
***
Well, let’s not forget how they did manage to tank the economy under GWB (who they immediately and naturally blamed), via the mortgage loan industry collapse... which then ushered in Obama. I still have the infamous youtube video of Maxine Waters and Bernie Frank lying about their motives and actions re: Fannie Mae and Freddy Mac... although most of that evidence has conveniently been scrubbed from the internet by now.
The leftists will always repeat a tactic that worked, much less one that worked that splendidly... no matter how much damage it inflicts upon Americans. That is how our enemy within, the Democrats, have performed for decades now.
This guy has been proclaiming economic collapse for decades now. Eventually he will indeed be right, but trusting him on timing is insane.