As I said like a imploding Ecosystem, it comes to a point where it just does not wind down but just collapses. Come the first of Oct congress will be back in session and the #1 issue on the table is to kick the can of default further down the road. But the right may dig their heals in a little more. Could this be the time for the right to threaten default to slow govt debt but Biden steps in and suspends congress to save democracy and capitalism? Really?
All of this is one kabuki dance because even it they demanded and got a balanced budget, it would not fix the dollar/bank insolvency problem, we are beyond the point of no return the only option is to default and start over and everyone in DC knows this. Everything else is just politics!
Precisely. I call it the "Keynesian debt-trap". Its the point when the national debt is > 90% of the GDP. Presently the federal government's debt has surpassed 125% of GDP.
With the continuation of rising interest rates to protect the US dollar globally; many credible economic analysists project in FY2024 over $1trillion in interest will be due on the servicing the $32.55 trillion in US government debt. Because no one (China, India, Japan, et.al) are buying federal treasuries anymore, that means the Fed must use QE and the other sorcerer banking shell-games (REPOS/DERIVATIVES) to sojourn-up the $1trilliion in interest payments on the $32.5trillion debt. Think about that for a moment: Over one trillion US dollars in interest payments, virtually out of blue sky, but flooding the economy with newly created dollars. This will result in the hyper-inflation as foretold by the Angel riding the black horse and holding the scales, and proclaiming: "A day's wages for a loaf of bread". Revelation 6:5.
In N. Idaho the regular locals ( who work at wal mart, home depot etc. ) are struggling like the article says, but the people from out of town show up with their brand new 4wd dually, quad cab , diesel pulling a new boat and renting a condo at the ski resort so somebody is making good money or at least has a crazy high credit limit.
We've been doomed since 1971 when "Tricky Dick" Nixon decided that currency would no longer be backed by gold. Fiat dollars will soon become worth less than the paper they're printed on. Add to the the ponzi schemes of the stock market, crypto currency, credit cards, the derivatives market, the banking system and our beloved Federal Reserve, and disaster is imminent. We are on the precipice of destruction. What will happen to the banks and credit card companies, when everyone just stops paying anything? Can they repossess everything? What will they do with all of our stuff if no one can afford to buy anything? Will we really own nothing and be happy. The World Economic Forum hopes so.
More interest rates are needed to ensure poverty and obedience to. create universal welfare serfdom. Oh, and let’s keep the border open to speed up the process.
More rate hikes are needed. What? Do you w add it to go back to zero rates and free money. Those are what got us in trouble. Historically speaking, rates are still low. Lowering rates benefits only the wealthy.
But raising rates increases the cost of the debt and people borrowing that is what is killing the economy, just look at the numbers in the report. The only reason they are raising rates is to protect the dollar giving investor a place to park their money. The choice is between the economy or the dollar, they picked the dollar.
The Federal Reserve is raising rates on purpose so the banking system in the U.S.A. will collapse!
The only solution is God/Creator through Jesus!
As I said like a imploding Ecosystem, it comes to a point where it just does not wind down but just collapses. Come the first of Oct congress will be back in session and the #1 issue on the table is to kick the can of default further down the road. But the right may dig their heals in a little more. Could this be the time for the right to threaten default to slow govt debt but Biden steps in and suspends congress to save democracy and capitalism? Really?
All of this is one kabuki dance because even it they demanded and got a balanced budget, it would not fix the dollar/bank insolvency problem, we are beyond the point of no return the only option is to default and start over and everyone in DC knows this. Everything else is just politics!
Precisely. I call it the "Keynesian debt-trap". Its the point when the national debt is > 90% of the GDP. Presently the federal government's debt has surpassed 125% of GDP.
With the continuation of rising interest rates to protect the US dollar globally; many credible economic analysists project in FY2024 over $1trillion in interest will be due on the servicing the $32.55 trillion in US government debt. Because no one (China, India, Japan, et.al) are buying federal treasuries anymore, that means the Fed must use QE and the other sorcerer banking shell-games (REPOS/DERIVATIVES) to sojourn-up the $1trilliion in interest payments on the $32.5trillion debt. Think about that for a moment: Over one trillion US dollars in interest payments, virtually out of blue sky, but flooding the economy with newly created dollars. This will result in the hyper-inflation as foretold by the Angel riding the black horse and holding the scales, and proclaiming: "A day's wages for a loaf of bread". Revelation 6:5.
when we go down China's going as well their debt to GDP is about 350%
At least they have gold and actual weapons.....
"Imploding Ecosystem"?
I've never witnessed that.
In N. Idaho the regular locals ( who work at wal mart, home depot etc. ) are struggling like the article says, but the people from out of town show up with their brand new 4wd dually, quad cab , diesel pulling a new boat and renting a condo at the ski resort so somebody is making good money or at least has a crazy high credit limit.
We've been doomed since 1971 when "Tricky Dick" Nixon decided that currency would no longer be backed by gold. Fiat dollars will soon become worth less than the paper they're printed on. Add to the the ponzi schemes of the stock market, crypto currency, credit cards, the derivatives market, the banking system and our beloved Federal Reserve, and disaster is imminent. We are on the precipice of destruction. What will happen to the banks and credit card companies, when everyone just stops paying anything? Can they repossess everything? What will they do with all of our stuff if no one can afford to buy anything? Will we really own nothing and be happy. The World Economic Forum hopes so.
More interest rates are needed to ensure poverty and obedience to. create universal welfare serfdom. Oh, and let’s keep the border open to speed up the process.
More rate hikes are needed. What? Do you w add it to go back to zero rates and free money. Those are what got us in trouble. Historically speaking, rates are still low. Lowering rates benefits only the wealthy.
But raising rates increases the cost of the debt and people borrowing that is what is killing the economy, just look at the numbers in the report. The only reason they are raising rates is to protect the dollar giving investor a place to park their money. The choice is between the economy or the dollar, they picked the dollar.