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To: Jonty30
Because of the interest on the debt, the US will see climbing deficits in perpetuity. Except that the exponential growth of that deficit will create a collapse at some point.

In the short term, all the Democrats care about is power, so whenever they can blame the economic problems on Republicans, they will. After the mid-terms, you will start seeing stories in the media about how Congress is causing a recession. You can be sure that their plan for 2024 is to run as the party that will fix the economy. It's ironically absurd. But they'll do it, and it will probably work.

But it won't matter because 10 years of this and the economy is going to collapse. If not just from the debt, but also from the disastrous shift to renewable energy and the phase out of fossil fuels long before it can happen gradually on it's own terms.

There needs to be an effort to create a parallel economy, perhaps with cryptocurrency. Preserving assets is the most important thing we can do now.

38 posted on 09/22/2022 6:22:57 PM PDT by Repealthe17thAmendment
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To: Repealthe17thAmendment

This comes down, in large part, by the abdication of the media, national and local, of their responsibilities in more or less factual reporting.

They’ve always been lefty-leaning but to just take the economic issues and the media ignoring them:

- Reaching the point of near-collapse because of profligate money creating and
- likewise, with the FED maintaining absurdly low interest rates at the behest of politicians and money hungry financiers, to include those regular folk “playing the market”
-throw in not clearly documenting the fragmenting of the nation with largely unfettered illegal immigration and the accompanying economic stresses

Those and many other facets of our society were not only ignored but cheer-led only for the advancement of liberalism. Once the juornos abandoned any adherence to professional practice, our demise was surely hastened.


39 posted on 09/22/2022 6:51:15 PM PDT by citizen (Thieves of private property pass their lives in chains; thieves of public prop. in riches and luxury)
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