Tag: Debt ceiling deal is a joke

Republicans Fiscally Irresponsible Act

Guest Post by Ron Paul

The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government default on its debt. Rather, it allows the government to continue adding trillions of dollars of debt that will be monetized by the Federal Reserve.

Of course, this default will be felt by the people in the form of an inflation tax. This inflation tax may be the worst of all taxes, because it is both hidden and regressive. Politicians love to point the finger at greedy corporations, labor unions, and even consumers for increasing prices instead of taking responsibility for the legislation they pass that incentivizes the Federal Reserve to create more inflation.

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Debt Ceiling & War Crisis

Guest Post by Martin Armstrong

When we look at our Computer’s timing arrays for the 30-year bond, it did show a target last week with a Directional Change. So far the market has held that low and has been consolidating. When we look at the Array, we do not see a crisis with the debt ceiling. However, the next Fed Meeting is July 25-26 and when we look at our Array, we see that is when there is a Panic Cycle.

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FALL OF AMERICAN EMPIRE AND DESCENT INTO A NEW DARK AGES

“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the majesty of the purple. The emperors, anxious for their personal safety and the public peace, were reduced to the base expedient of corrupting the discipline which rendered them alike formidable to their sovereign and to the enemy; the vigor of the military government was relaxed, and finally dissolved, by the partial institutions of Constantine; and the Roman world was overwhelmed by a deluge of Barbarians.” — Edward Gibbon. The Decline and Fall of the Roman Empire, Chapter 38 “General Observations on the Fall of the Roman Empire in the West”

How the fall of the Roman empire paved the road to modernity | Aeon Essays

“After a diligent inquiry, I can discern four principal causes of the ruin of Rome, which continued to operate in a period of more than a thousand years. I. The injuries of time and nature. II. The hostile attacks of the Barbarians and Christians. III. The use and abuse of the materials. And, IV. The domestic quarrels of the Romans.” — Edward Gibbon. The Decline and Fall of the Roman Empire, Chapter 71 “Four Causes of Decay and Destruction.”

The moniker of my website originated from a quote by David Walker, then Comptroller General of the U.S., in 2007. I wholeheartedly endorsed Walker’s viewpoint and become politically active in trying to get Ron Paul elected as president in 2008 and 2012. It was a fruitless effort, as the uni-party in Washington DC, controlled by the dark forces of the Deep State, do not allow men and women who truly want to reduce the size and scope of government to ever get elected. His warning sixteen years ago is a perfect example of being right but being early. When talking about the decline of empires, you are really deliberating about a process, not an event. The Roman Empire did not fall on a specific day due to a specific cause. It collapsed in stages over hundreds of years due to numerous reasons, each triggering events which compounded upon each other and ultimately led to the final collapse.

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There’s no bigger bomb that any enemy can drop on the USA today than the one that our own political leaders just dropped ON THIS PAST MEMORIAL DAY WEEKEND!

Via State of the Nation

Think About It

Really, the utterly treasonous Uniparty is pushing for a $4 trillion increase to the existing $31 trillion+ federal debt burden?!?!

For folks who are not yet aware, POTUS Imposter Joe Biden and super RINO Speaker Kevin McCarthy are staging the most important Kabuki Theater show of their patently fraudulent political careers.  They are both, along with a very large supporting cast of traitors in Congress and elsewjere, cunningly colluding behind the backs of both the Right and the Left.

Both of these Kabuki clowns — Biden & McCarthy — are working very closely (but obviously in secret) to deliberately deceive the American people regarding the inevitable debt default disaster.  Of course, they’re also collaborating with the likes of Treasury Secretary Janet Yellen (the woman who only knows how to “cry wolf”) to kick the can down the road yet again.  In so doing, these three traitors have knowingly and willfully guaranteed an even bigger financial catastrophe for the U.S. Corporation, the bankruptcy of which will plunge the United States into Third World conditions.

Continue reading “There’s no bigger bomb that any enemy can drop on the USA today than the one that our own political leaders just dropped ON THIS PAST MEMORIAL DAY WEEKEND!”