What will the national debt look like by the end of fiscal year 2024? $1.8 trillion is a conservative estimate, especially if the economy continues to worsen.
The way out will probably be war as it so often sadly is. The inflation dynamics will put stress on regular Americans. That will likely cause domestic strife as the usual methods of containment continue to fail. An external threat prevents the country coming apart at the seams by channeling the stress outward.
We will do better in America than most of the rest of the world as the old western global financial order collapses.We will do better because we have a powerful political order to back us up politically & financially When Washington goes down.
America has the Sovereign Federated States of the American Republic!
States that are semi Autonomous Nations in themselves that are capable of picking up the slack together!
North America is the last Commodities Rich area of it's size unclaimed by the BRICS.
The financial future will once more be dependent upon economies based upon commodities!
The only way the Western European nations like Britain rose to great power was thru their colonial empires!.The Empires are now independent nations no longer being bled of their resources. Bled by the small western European Nations divested of their overseas empires
The FED has lost control of the bond market because it has lost it's credibility. The end game was always going to be "brrrrrrrrr". It's all down hill for the US dollar now. Higher interest rates will act like "air brakes" on a diving jet. It keeps it in the air a little bit longer but at the expense of what keeps it in the air!
Deficits happen when foolish politicians decide to spend beyond the taxes they collect. If they decided to disappoint their constituents and spend far less and not borrow they could pay interest and principle out of tax revenue for decades and wipe out the debt. They won't do it because spending without limit is more fun than austerity and walking the straight and narrow. Got gold or Silver?
It would take spending elimination of 80 to 95 percent to pay interest and some principle each year from tax revenue. This would have to continue for decades.
A financial collapse may spare the country of the pain of the political collapse.The political collapse that will happen at the same time.Both will force The Federated states to take over by default!
Take charge and begin to rebuild! Let the corrupt Federal Government in Washington revert back to it's original Constitutional mandate!
As far as Social Security spending goes. I understand that it was enacted when the stock market was very shaky but I can't help wondering why somewhere along the way congress didn't allow some portion of it to be placed in equities. T-bills alone have not kept up with the economy.
Certainly a possibility, if it's as dire as you imagine. I am however an optimist long term and the history of civilization has most industrialized countries coming back stronger after conflict/depression. That is of course up to us if we want to make an equitable and productive society or descend into civil war or some other form of protracted dustbin.
Thanks for your thoughts. I'm curious if what Joe says is actually possible. If it is, it strikes me as the perfect set-up to convince the sheople that
1) their overlords are good,
2) the doomsayers are nuts, and
3) "now that we've proven ourselves by canceling your debt, why not switch over to our CDBC for even more stability."
THANK YOU for investing so much time and knowledge into your responses--the point-by-point response to Joe's video, AND the oil #s AND especially the Cuba - NK impacts--eye-opening about NK.
Like that internet meme pic in Mandarin and English: Carefully Fall Into The Cliff. This may be less orderly than that.
https://i.redd.it/qpubroefzpt11.jpg
The way out will probably be war as it so often sadly is. The inflation dynamics will put stress on regular Americans. That will likely cause domestic strife as the usual methods of containment continue to fail. An external threat prevents the country coming apart at the seams by channeling the stress outward.
We will do better in America than most of the rest of the world as the old western global financial order collapses.We will do better because we have a powerful political order to back us up politically & financially When Washington goes down.
America has the Sovereign Federated States of the American Republic!
States that are semi Autonomous Nations in themselves that are capable of picking up the slack together!
I hope you're right.
Besides which,
North America is the last Commodities Rich area of it's size unclaimed by the BRICS.
The financial future will once more be dependent upon economies based upon commodities!
The only way the Western European nations like Britain rose to great power was thru their colonial empires!.The Empires are now independent nations no longer being bled of their resources. Bled by the small western European Nations divested of their overseas empires
The FED has lost control of the bond market because it has lost it's credibility. The end game was always going to be "brrrrrrrrr". It's all down hill for the US dollar now. Higher interest rates will act like "air brakes" on a diving jet. It keeps it in the air a little bit longer but at the expense of what keeps it in the air!
"When Interest Rates Rise, Debt Becomes a Problem" ONLY for the herds of modern moron slaves...
For the OWNERS of the main system - the MONETARY SYSTEM - rates rise only increase their wealth and their ability to own even more real assets.
Keep slaving and don't worry about a thing!
Deficits happen when foolish politicians decide to spend beyond the taxes they collect. If they decided to disappoint their constituents and spend far less and not borrow they could pay interest and principle out of tax revenue for decades and wipe out the debt. They won't do it because spending without limit is more fun than austerity and walking the straight and narrow. Got gold or Silver?
Pretty soon our fiat currency is going to be nothing but "funny money."
It already is.
No more foreign wars and interventions. Cut military spending by 20%. Cut off Ukraine and Israel.
It would take spending elimination of 80 to 95 percent to pay interest and some principle each year from tax revenue. This would have to continue for decades.
A financial collapse may spare the country of the pain of the political collapse.The political collapse that will happen at the same time.Both will force The Federated states to take over by default!
Take charge and begin to rebuild! Let the corrupt Federal Government in Washington revert back to it's original Constitutional mandate!
well said, thanks for sharing Ryan's article
As far as Social Security spending goes. I understand that it was enacted when the stock market was very shaky but I can't help wondering why somewhere along the way congress didn't allow some portion of it to be placed in equities. T-bills alone have not kept up with the economy.
Lol! Actually though I was also suggesting a path forward after the possible big reset when minds are more amenable.
Certainly a possibility, if it's as dire as you imagine. I am however an optimist long term and the history of civilization has most industrialized countries coming back stronger after conflict/depression. That is of course up to us if we want to make an equitable and productive society or descend into civil war or some other form of protracted dustbin.
What are your thoughts on this "canceling the debt" twist from Joe?
https://youtu.be/qn9YkwX0Hew?si=I_V2Imel3w9FYhnz
Thanks for your thoughts. I'm curious if what Joe says is actually possible. If it is, it strikes me as the perfect set-up to convince the sheople that
1) their overlords are good,
2) the doomsayers are nuts, and
3) "now that we've proven ourselves by canceling your debt, why not switch over to our CDBC for even more stability."
THANK YOU for investing so much time and knowledge into your responses--the point-by-point response to Joe's video, AND the oil #s AND especially the Cuba - NK impacts--eye-opening about NK.
Shrrrr!
The bankers may be listening!!
Did you mention The illegal 16th Amendment & Bill Benson's " Law that never was?
The Grace Commission of 1984 that explained that the Income Tax revenues do not go to the Government,but go instead to the Fed. for Interest Payments?
The Bankers that took over in 1913 can make the Mafia look like Amateurs!
💯💯💯