Posted on 02/11/2022 1:09:27 PM PST by Red Badger
I would’ve thought it would collapse a long time ago.
The ever-increasing debt of the US Fed and the European Central Bank are about "selling" indebtedness as if "public," and a small group benefits while the most will not.
This is monetary version of fascism/corporatism/socialism in which the few who rule the many live well above the average man. It should be toppled.
Irrespective of one's view, it will collapse as it has throughout the world many times over.
For a visual: https://www.visualcapitalist.com/timeline-150-years-of-u-s-national-debt/
Most SS payouts are covered by SS collections, cash basis.
SS is just recently falling behind in payout vs collections.
So the Ponzi scheme is still more or less viable, on a cash basis. Cash basis is the only reasonable way to view these things, btw, not as long term liabilities. Governments arent normal economic players.
The trouble is that the cash balance will continue to deteriorate over time.
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Trump had suggested "growing" the nation's economy to begin to shrink the debt. That was savaged in the Lefty press who did not bother to report the debt passing $30 trillion in Biden's first year.
Exactly so. On an unrelated matter, you are doing pretty well for 89 I have to say. I hope, but doubt, I will be that lucid and capable a writer at that age. My mom was pretty good at 84, but at 86 she is well out of it.
Crashing the US dollar and bankrupting the country is part of the plan for the communist take over.
Bingo and with the help of corrupt leadership....Decades of terrible leadership and most ALL of it directed and produced by lawyers turned career politicians.
He doesn’t use that card nearly enough. Man would I get mileage out of that if I was from South Africa.
Millions of persons have paid into Soc Sec & died before they collected a thin.
NO refunds of those payments paid in.
Also- IF you are on Soc Sec—you are getting a check this month for LAST month...
If you die on the 1st—or the last day of this month-—there is NO payment next month.
“Crashing the US dollar and bankrupting the country is part of the plan for the communist take over.”
That was the old plan.
The new plan is to crash the entire world economy so that a handful of elites can live in luxury while the “deplorables” around the planet are their slaves.
feds retire very early...often they 'll double or even triple dip...
and how many guys do you read about in the obits that retired after 20 yrs at the age of 38 and rec'd military pensions until their death 50 or more yrs later?....how in any world can that be sustained....50 yrs of military pension?.....
things will change because they have to....and even with the cabal stealing money left and right, we still should never be engaging in insane pension schemes..
P.S. I'm super stoked at all the folks who voted that I would pay their SS benefits without me having a say in the matter. SS needs to go. Yesterday.
I bet there will be a US bankruptcy before the oceans flood Obama’s estate.
I wonder which Obama estate is closer to sea level...the one in Taxachusetts or the new one he’s building in Hawaii?
Any mainstream economist will tell you that it “doesn’t work”. But I think one of the lessons we ought to be learning is that the “experts” have no idea what they’re talking about.
Lincoln financed the Civil War through Greenbacks which, I believe, were also just “printed money” that was not borrowed, did not accrue interest and didn’t have to be paid back. It worked for him.
I have nothing good to say about Biden. But, if someone were to demonstrate to the world that central banking (Federal Reserve) is the real scam, then that would really change the world.
times 20 at least with all the liabilities
What they are doing is inflating the money so that hey can pay off the National Debt, T-Bills, etc, with worthless money. China has already warned them about that. What they are doing is a disgrace. My retirement savings is dwindling in value more an more each day..........................
It isn’t.
In order to keep up the façade of solvency, like any Ponzi Scheme, they have to have a continuous influx of new YOUNG workers to pay into the system.
That’s the reason for the OPEN BORDERS, unlimited immigration from anywhere, letting in every person possible so that they can get work and start paying into the system...................
The Kiss of Death for the Bengals................
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