Unsustainable spending.
Anything that is unsustainable will eventually fail. Agree, I heard the flushing of the toilet.
Everyone is buying physical metals, property, houses, because they fear the market is a useless fiat bubble like the currency it is based upon. That’s money taken away from growth of industry and jobs. I feel a good portion of the population knows the end is near.
When the system fails, they will demand nationalization of 401k, pensions, retirements and under Obamacare law, peoples bank accounts.
They just have to disarm the public first.
Satan Smiles.
Exactly. I could not have said it any better. This will be packaged under the “great new RESET deal”
The end is at hand indeed!
> When the system fails, they will demand nationalization of 401k, pensions... <
There has been some talk in Democrat circles of “converting” those retirement plans. By that, they mean you would be forced to transfer some - or maybe or all - of your holdings into long-term Treasury notes.
The money used to buy those notes could then be immediately spent by our friends in DC.
That would be illegal, right? Not so, say the idea’s backers. Because you would still have the same amount of money you had before. It would just be invested differently. And if you don’t like that, you could always withdraw your money, and pay all the associated taxes and penalties.
No matter how they spin it, it’s still a form of theft, cleverly disguised theft.
That's why god made printing presses.
When the system fails, they will demand nationalization of 401k, pensions, retirements and under Obamacare law, peoples bank accounts.
When the system fails, they will demand nationalization of 401k, pensions, retirements and under Obamacare law, peoples bank accounts.
first, there ain’t enough of that to last more than ten minutes.
Second, to big to fail?