Tip of the iceberg, standby to port....
Just. You. Wait.
Big Guy.
How much went to Afghanistan?
This just in!!
Zelensky finds 5.9 trillion US dollars in the gutter in Kiev.
Your tax money at work. Somewhere else!
Just wait for the upcoming cluster-f.
CRE and bank crashes galore.
More printing, more bailouts.
And ... it’s gone.
Most people can’t realize how much 1 Trillion dollars amounts to let alone 5.9 Trillion. Why not break it down to numbers Billion and Millions.
No, the wealth did not “vanish”.
It was inflated out of the pockets of the people who previously held it and into the pockets of crooked politicians and their cronies.
A baby boom millionaire isn’t anything special, everyone on my parents modest block is one, some struggle to live if they hold that as cash, most are ill liquid (their house, real estate) and to old to make interesting investments.
A 40 or 50 something that levers his 200k on the other hand is useful because some tend to Yolo those fortunes away once or twice before they figure out risk/reward and size of investments. Econonomic development comes from bad investors chasing good returns. It leaves bussinesses that show cash flow with tons of investors at their call.
Baby booms are pinching their pennies in hope for enough money to survive that health event at 83 that will kill or make their personal nestegg a target of their last healthcare provider. That money is stagnate because of the specifics of US tax law, it really is no economic development value unless it is in corp bond or stocks, and at that point blackrock is chasing social issues at ice cream factories instead of sinking oil wells and building microchip factories near vegas.
Economic catastrophe as a result of America turning the nation over to a bird brained mentality defective criminal and a behind the scenes Obama.
³3
What happens in America afflicts the world. Now either continue the murder or get rid of this disease.
We can thank the Biden regime and neocons for this. The idiotic sanction war with Russia has damaged us far more than Russia.
Whatever. I’m just glad Joe is making money and Zelenskyy can retire in Miami.
5.9 trillion? that’s nothing. Wait and see the effects of Biden’s imminent declaration of “Climate Emergency” and all the draconian control measures that will entail. It will be Covid shutdown on steroids. If you are invested, I think this might be a really fine time to cash out, maybe buy some long term index puts, and buy some precious metals. Just sayin’ what I’m doing, not making a reco, mind you.
It didn’t disappear. It TRANSFERED to Democrat Politicians. Don’t forget 10% for the Big Demented Pervert Biden.
That’s Brandonflation for you!
Ten percent to the Big guy.
5.56mm
That wealth disappeared from The Middle Class, not from the owners of this country.
But Karine is poring over some technical economic data from Harvard and Columbia professors she knows and will write up a precis herself so non-specialists will understand how Bidenomics isn’t to blame.