Tag: $30 trillion National Debt

Yes, it is possible to fix this. But don’t hold your breath.

Via Sovereign Man

On the morning of September 2, 1715, Philippe d’Orleans prepared for an impossible task.

King Louis XIV had just died the day before after a painful struggle with gangrene, leaving his five-year old great grandson to inherit the throne.

Philippe had been appointed regent the week prior, meaning that he would rule France until the boy king came of age and could take the throne.

But Philippe knew the situation in France was grim.

Louis XIV’s lavish spending and penchant for endless warfare had left the kingdom completely bankrupt; the French national debt was so large that its interest payments alone exceeded the government’s annual tax revenue.

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GRADUALLY, THEN SUDDENLY

“How did you go bankrupt?” Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises

Gradually, then suddenly”: How the Protecting Our Democracy Act addresses institutional decay | ACS

“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty.” – John Adams

Hemingway’s famous quote about going bankrupt connects with so many because it is true on a personal basis and a civilization basis. It applies to individuals and empires in decline – like the American democracy. John Adams realized two centuries ago democracy was no better than monarchy or aristocracy over the long haul. We were handed a Republic by Franklin and his fellow revolutionaries, but we failed to keep it almost from the very birth of this nation.

As we rush towards our World War 3 rendezvous with destiny, aided and abetted by politicians placed in power by globalist billionaires hellbent on the destruction of our way of life, so they own everything and you own nothing, I can’t help but ponder who is to blame and could we have avoided this dystopian outcome.

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Dominant superpowers don’t accumulate $30 trillion in debt

Via Sovereign Man

The year 238 AD began with Maximinus I as Emperor of Rome– a former peasant who had worked his way up through the ranks of the military before being chosen as Emperor by his troops.

By August of that year, Maximinus was dead, and five other men had briefly held the title of Emperor. Only one (Gordian III) was still alive by the end of 238 AD.

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America’s $30 Trillion Debt In One Stunning Visualization

via Zerohedge

 

Earlier today we reported that for the first time ever, total US debt surpassed $30 trillion, and rising exponentially because at this point there is no way on earth this number will ever be contained, let alone drop contrary to the naive dreams of clueless politicians:

Since these numbers are simply too big for most to comprehend, here is a helpful visualization for what we are talking about courtesy of Demonocracy.info.

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FOURTH TURNING 2022 – BAD MOON RISING (PART 2)

In Part 1 of this article I laid out how the global elite have used this covid flu to manipulate the weak minded into a fear induced mass psychosis as a key element in their Great Reset plan to control the world and keep you technologically enslaved under lock and key. Now I will try to decipher how this mass hysteria might play out over the course of 2022 and beyond.

“Americans today fear that linearism (alias the American Dream) has run its course. Many would welcome some enlightenment about history’s patterns and rhythms, but today’s intellectual elites offer little that’s useful. Caught between the entropy of the chaoticists and the hubris of the linearists, the American people have lost their moorings.” – Strauss & Howe – The Fourth Turning

Federal Reserve Just Declared the American Dream is Dead for Most Americans

“The most effective way to destroy people is to deny and obliterate their own understanding of their history.” ― George Orwell

The American Dream, where all Americans, no matter the circumstances of their birth, had a legitimate opportunity to live a better life than their parents, based upon their own intelligence, work ethic, and good fortune, is an illusion in today’s world. The ruling elite have stolen the wealth of the nation and its citizens. This was not an accident, but a plan implemented over many decades, accelerating after Nixon closed the gold window and opened the door to unlimited amounts of debt being created out of thin air and backed by nothing.

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David Stockman on Soaring Debts and Plummeting Yields…

Via International Man

Soaring Debts

After decades of unhinged money-pumping, the Fed has driven real interest rates so low that there are no more bond investors — just traders and suckers.

The former have driven the 10-year yield in recent days to just 150 basis points in nominal terms (and deeply into the red in real terms in the face of surging monthly inflation numbers), because they are “pricing-in” one thing and one thing only: simple and supreme confidence that the spineless fanatics who occupy the Eccles Building will keep buying $120 billion per month of government and quasi-government debt.

Real Yield on 10-Year UST, 1985–2021

These are no longer even “markets” by any historical sense of the term. The bond markets and the stock exchanges are just mindless gambling casinos.

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Some clear thinking on the the massive deficit announcement

Guest Post by Simon Black

Every single month, the US Treasury Department is legally obliged to publish monthly financial statements to the public.

This is typically a pretty boring ritual which attracts minimal fanfare; few people pay attention, or even care to look at the federal government’s accounting of its assets, liabilities, income and expenses.

Yet yesterday’s financial statements were pretty groundbreaking, as they showed that the US federal government deficit so far this fiscal year is an astonishing $1.7 trillion.

Bear in mind we’re only halfway through the fiscal year (which began in October 2020). So there’s a lot more red ink to follow.

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WHO IS SHAKING THE JAR? (PART 2)

In Part 1 of this article I documented the never ending false narratives used by those shaking the jar to keep us at each other’s throats. I will now show how 2020 was a turning point in history, with an accelerating decline of our empire in progress.

FOURTH TURNING ECONOMICS (PART TWO) – The Burning Platform

The numerous examples of how those holding the jar shake it to generate conflict and chaos to achieve their Machiavellian ambitions pales in comparison with what they accomplished during the fateful year of 2020. They began shaking the jar at hypersonic speed by weaponizing the annual flu, giving it a scary name and then faking data to scare the entire world into lockdowns and mandatory masking, even though “science” said neither of those “solutions” worked against viruses. And the science was right.

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WAS TRUMP THE MULE?

“Excellence, he is known as the Mule. He is spoken of little, in a factual sense, but I have gathered the scraps and fragments of knowledge and winnowed out the most probable of them. He is apparently a man of neither birth nor standing. His father, unknown. His mother, dead in childbirth. His upbringing, that of a vagabond. His education, that of the tramp worlds, and the backwash alleys of space. He has no name other than that of the Mule, a name reportedly applied by himself to himself, and signifying, by popular explanation, his immense physical strength, and stubbornness of purpose.” ― Isaac Asimov, Foundation and Empire

“The fall of Empire, gentlemen, is a massive thing, however, and not easily fought. It is dictated by a rising bureaucracy, a receding initiative, a freezing of caste, a damming of curiosity—a hundred other factors. It has been going on, as I have said, for centuries, and it is too majestic and massive a movement to stop.” – Isaac Asimov, Foundation

In March 2017, a mere two months after the stunningly unexpected victory of Donald Trump over the Deep State hand picked representative of dark forces – Hillary Clinton, I wrote a three-part article based upon Isaac Asimov’s Foundation trilogy, attempting to connect Trump’s elevation as the Gray Champion of this Fourth Turning to the plot of Asimov’s masterpiece. The three articles: Foundation – Fall of the American Galactic Empire; Foundation and Empire: Is Donald Trump the Mule?; and Second Foundation: Empire Crumbling, landed with a dud, generating few views and not many comments.

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