The government could have locked in their hundreds of billions of new debt issuance over the last several years at long-term rates of 2% or less. Nah. That would have been rational, logical and prudent. Homey don’t play that game. They financed it all short-term, so now they get to refinance it at 4.5% or higher. $900 billion of interest will be in the rear view mirror shortly. The regime media and your corrupt leaders says all is well. What do you think?
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When Deep Shekels owns both ends of the trade…
The last official act of any government is to loot the treasury.
George Washington
It is a bit of a coincidence that the Defense budget is between 800 and 900 billion this year, rapidly approaching the Trillion dollar level from which the military industrial corruptoplex will never retreat, though our military will most probably run like little girls when they see the Russians firing weapons that actually work.
Imagine if all that money were spent by productive people pursuing their own happiness and prosperity instead of handing it over to the most corrupt government the world has ever seen.
What the hell is wrong with people who elected Lindsey Graham?
When you add in the Dark Program money I believe it’s already over 1 trillion.
Yes, Robert Higgs documented that years ago.
If you’ve ever spent much time in South Carolina, you wouldn’t have to ask.
Thanks for the chuckle, Flash.
That only explains why they haven’t figured out that nobody has actually been voting for Lindsey.
If anyone ever elected Lindsey Graham, it only happened once. Its all fraud. The main instrument of the fraud are the political parties and their party elections.
Two words why we voted for him – Jaime Harrison.
Just as planned. It’s a steady stream er torrent of money for the bankers.
You asked: What do you think?
History does not lie, and we are on borrowed time. We have lawyers and social scientists running this country. Our congress is packed with ignorant clowns. The system will implode, and representative government will not return to this once great country.
Many years ago my university nominated me for a Presidential Management Fellowship. PMF classes are plugged right into mid-level management and slotted to rise quickly in government agencies. *This was before I had completely checked out on any hope of saving FUSA.* I went to DC and took a test that was very similar to what was required to get into college or business school. It was 4 hours and had lots of logic and critical thinking questions. As an MBA graduate it was right up my alley.
A few weeks later I received my results. I did much better than I had hoped. But, the kicker was that I was not selected to continue in the program. The way they did it, and may still do it, is that they group candidates by major. So, Business Degrees are separated from Law Degrees, Political Science Degrees, etc. The OPM administrator makes the decision as to how many of each they want.
So, me with a 94%+ was not selected while in theory a Poly Sci graduate with a 74% got in. They didn’t just take the top 100 (or whatever) scores. In my year it was something like 60% lawyers, from memory. Now, when I see how badly things are going I can somewhat understand.
That’s okay, they’ll simply pass a law retroactively limiting all government debt to 2% interest.
That would be a default, after which US debt would be unsaleable, and hyperinflation inevitable…
Opinions? The US can’t go to war with half the world. Of course, our psycophathic leaders might try.
https://www.zerohedge.com/markets/gold-standard-back-brics-intro-gold-backed-reserve-currency
That was supposed to go in the tax thread.
Yeah, but it’s still true.
https://market-ticker.org/akcs-www?post=249244
I’m sure this is sustainable, too. /s
VAX injured? I’m seeing f’d up people all over the place. Many people with various blood and clot issues
The disability factor is an interesting part of the decline. On one hand you have the long games of frankenfod fatties and pharma (60% obese and dosed) and then you have the vexx accelerant to tip the scales toward mass de facto UBI adoption – all conditioned upon State submission and compliance (who needs CBDC when you already have mass gibs?).
Then you have the built-in incentives to defraud and loot the treasury for your own benefit. Which on some moral plane is fair game. When everyone is stealing all the time it’s not just a sense of entitlement but a sense of being a sucker for not stealing some for yourself. We are well past that point.
There is also an official/unofficial normalization / institutionalization of this that happens top-down in dotgov that is very similar to the pension/rank fluffing/retirement gambit where you have military and other gov employees getting graded-up 30 seconds before retirement for the pure reason of topping-up the pension calcs, and/or a physical-down grading to establish the long gravy train of disability payments. I know a few “disabled” veterans who contract back to do the same job as a civ, collecting a kind of triple pay.
You also have the whole single-mom, special needs kids industry facilitated by State ‘social services’. That is baking-in the next cohorts of UBI. The jabbed-up boom lurking here too.
The labor stats do not in any way reflect reality, other than some metric yet to be invented indexing how egregiously the State data fluffers must fluff to disappear half the labor force without tilting the stonk ponzi.
How does fedgov pay for UBI after everything blows up and they are broke?
‘after everything blows up’ is not a well-defined condition. Or rather, it’s a moot nuke, i.e. none of this matters after everything blows up.
Yet it’s a consistent theme and not something out of the question. But questions that migrate the knowns past some imagined event horizon such that they become unknowns are less useful toward our present condition, IMO obviously.
Is the ‘blow up’ a singular event? A point-of-no-return, likely only possible to define in the fullness of time? The complete dissolution of the State, or just some % of its institutions; the end of global trade, total war, anarchy, basic production of materials, food, energy, etc?
<0.001% of the People live as if such a condition is going to happen in their lifetime. Maybe 1% live outside the system in some meaningful ways even though everyone likes to talk about 'the collapse'. Some with that end-state in mind, others out of related but less dire motivations.
The rest talk of disaster and serve the system it ushers in, for some kinds of "paycheck" and material comforts.
What I reckon is just an extension, or perhaps considerable 'condensing' or 'retooling', of the current model.
Which is obviously broken, but more tangible than an amalgam of the myriad unknowns of collapse. What can't continue, won't, fails to account for the tendencies of human nature to rapidly adapt. The feature and the bug, if you will.
So I wonder why fedgov/TPTB would have reason to assume they won't stick the landing they have in mind. Or that protrusions of reality, however painful, would knock the model fully from its edipice of Progress makes right.
None of this forecloses my belief that TPTB want most of us enslaved an/or dead, depending on their present value utility calculations.
So I'm not saying they will stick their landing, but rather that the intention seems to be to kicking the can and this seems to require a lot of people being reduced not just in number but in other functions as well. Based on recent history alone we have ample evidence how this might look.
Extrapolating from current year is useful but also double-edged. In 2019 I bet against them being able to lock everyone up for two weeks and turn half the western minds to mush. And then print even more.
When they can manifest a reality divorced from most of natural law and reason, they can invent a lot of ways in which the People can be conditioned very quickly to be utilized to power some sort of system that also enslaves them.
I'm not convinced how they pay for that will need to differ too much from the present imagined system of account, as long as there are enough counterparties and believers.
In this, they have a pretty decent track record thus far so its not a stretch to think that the same patterns and nodes of power will continue upon some crescendo of Klown. But then I never got my $600 so I'm optimistic I will get two scoops come the great leap forward.
Admin is much better at defining a blow up than I am.
Harrington described a blow up this way
Is that better?😁
Methinks the retirees I just read about, the staggering numbers in regards to how many are overweight in stocks, are going to rue the day for leaving their monies in Vanguard.
At least for not keeping up with their financial “specialists. Tough shit.
If everything goes pfffft I would probably rather have stocks than Weimarized Dollars worth one thousandth of a penny. At least the stocks represent tangible assets in most cases. Of course #1 should be to try to have Gold and Silver, brass and lead, food, water , medical supplies, disinfectants. Can’t forget that case of Bics either.
I say good. Watch it burn and wait for EBT payments to be late.
Somehow i became an Anonymous
If you extend the graph back 2,000 years, the bit on the end would look insignificant.
Lol
The BRICS Central Wankers [cough~cough] I mean Bankers, totally won’t foment wars for fun and profit.
It’s quite simple. If the government had locked in those low rates their benefactors would not receive their tribute and would not donate massive amounts to the politicians campaigns and parties so the pols could keep the unused funds when leaving office.