The Impact of the Trump Verdict on our AI Computer – The Fall of the US in 8.6 years.

Armstrong Economics ^ | 1 June 24 | Martin Armstrong

[delta7]

Martins legendary charts and graphs in the article. He hasn’t been wrong in the twenty plus years I have been following him….you can decide.

Of particular interest is the fact $$$$$$$$$$$$ 10 trillion of US debt is coming due- with no one to buy it….China, Japan, Belgium all have been selling off these debt instruments.

[FlyingEagle]

If Supremes intervene, things may go kinetic. The Stalinists will do anything to stop him.

[Right_Wing_Madman]

Even the US never honored the debts of the Continental Congress.

Armstrong should have used AI to proof his article. The United States, at Hamilton's urging, paid off all debts of the Continental Congress, to include the debts that the individual states incurred in fighting the War of Independence.

[Diana in Wisconsin]

“I fear our computer will be right – we are heading into World War III and the West will lose this time.”

Well, we ‘won’ WWII at great cost in blood and treasure. We’re not going to BE ALLOWED TO ‘win’ the next one, for sure.

The Neocons and our Quisling ‘politicians’ figured out there was BIG MONEY to be made off of ‘unconstitutional, undeclared conflicts’, so it’s obvious where we’re headed.

Save Us, President in Exile Trump! Not sure even HE can stop the Socialists’ agenda/momentum. :(

[SaveFerris]

[The Fall of the US in 8.6 years.]

I'll be surprised if it takes that long. The idiocy, especially in various governmental systems is off-the-charts these days.

They're concerned about pronouns, making the LGBTQ+ thing one of the most important issues, worried about making sure they can terminate the unborn all the way up to birth, invading the country will millions of illegals, forcing the Bible and prayer out of everything and persecuting, 24/7/365 the most pro-America, pro-American President since Ronald Reagan.

All according to plan.

[ClearCase_guy]

bfl

[janetjanet998]

Irrelevant

We only have 7.1 years left due to climate change

[delta7]

Check again, dig deeper and please post references.

[Right_Wing_Madman]

Check again, dig deeper and please post references.

Are you blind? I sent you the link.

[Right_Wing_Madman]

Are you blind? I sent you the link.

Never mind. I confused you with someone else.

First US default was the FDR default in 1933 when some creditors were paid with paper money instead of gold. Second default was 1971 when Nixon did the same thing. The third default will be massive and earth-shattering.

[Churchillspirit]

Who is that in the photo? Could apply to so many - sadly.

[delta7]

Let me spoon feed you.

https://mises.org/mises-daily/short-history-us-credit-defaults

“…. A Short History of US Credit Defaults

•
John S. Chamberlain
Print this page
On July 13th, the president of the United States angrily walked out of ongoing negotiations over the raising of the debt ceiling from its legislated maximum of $14.294 trillion dollars. This prompted a new round of speculation over whether the United States might default on its financial obligations. In these circumstances, it is useful to recall the previous instances in which this has occurred and the effects of those defaults. By studying the defaults of the past, we can gain insights into what future defaults might portend.

The Continental Currency Default of 1779

The first default of the United States was on its first issuance of debt: the currency emitted by the Continental Congress of 1775. In June of 1775 the Continental Congress of the United States of America, located in Philadelphia, representing the 13 states of the union, issued bills of credit amounting to 2 million Spanish milled dollars to be paid four years hence in four annual installments. The next month an additional 1 million was issued. A third issue of 3 million followed. The next year they issued an additional 13 million dollars of notes. These were the first of the “Continental dollars,” which were used to fund the war of revolution against Great Britain. The issues continued until an estimated 241 million dollars were outstanding, not including British forgeries.

[Read More: “Yes, the US Government Has Defaulted Before“ by Ryan McMaken]

Congress had no power of taxation, so it made each of the several states responsible for redeeming a proportion of the notes according to population. The administration of these notes was delegated to a “Board of the Treasury” in 1776. To refuse the notes or receive them below par was punishable by having your ears cut off and other horrible penalties.

The notes progressively depreciated as the public began to realize that neither the states nor their Congress had the will or capacity to redeem them. In November of 1779, Congress announced a devaluation of 38.5 to 1 on the Continentals, which amounted to an admission of default. In this year refusal to accept the notes became widespread, and trade was reduced to barter, causing sporadic famines and other privations.

Eventually, Congress agreed to redeem the notes at 1,000 to 1. At a rate of 0.82 troy ounces to the Spanish milled dollar and $36 (2011) dollars to the troy ounce of silver, this first default resulted in a cumulative loss of approximately $7 billion dollars to the American public….”
————————-

The US defaulted on their debt-more than once….our upcoming default will be historic.

[SaveFerris]

All part of the machine.....

[MGunny]

How is it possible that a state judge on a public servant salary has a net worth of some 50 million dollars? Follow the money trail. Unfortunately, no one will. Beyond corrupt.

[bk1000]

I’m thinking those on the left who are now salivating at the prospect of cracking down on conservatives may find their most fearsome enemy is not in some foreign trench, but right here at home.

[dfwgator]

When you point your finger, three fingers point back at you.

[Right_Wing_Madman]

Let me spoon feed you.

You didn't even read your own link.

In 1779, the United States didn't exist yet. The Continental Congress failed to pay its own debts, but the United States paid off the Continental Congress debts - ALL OF IT.

https://www.federalreserve.gov/boarddocs/speeches/1996/19961007.htm

[VTenigma]

They meant 8.6 weeks.

[combat_boots]

Altered transcripts

https://www.thegatewaypundit.com/2024/06/white-house-admits-federal-court-they-doctored-joe/

[logi_cal869]

If he doesn’t win in Nov., it won’t take near as long...