Even if the government raises the debt ceiling again, we still won't be able to afford the interest much longer. Our economy is going to collapse-no ifs, ands or buts. I just hope they use a modicum of common sense when they rebuild it.
the politicians do not come to a deal to raise the bedt ceiling come Jan 1 for political purposes, the chaos will be beyond anything in our history. Lots will go hungry many will die.
It may be raised and it may not be in the next 30 days or so, but reading the world situation with the dollar and the de-dollarization even among our allies and we now owe over $7 trillion in foreign held treasuries, this is clearly another movie now. (Everyone knows this is coming very soon, even the central banks are buying gold at a record pace). It may not be the first seen in the movie but it's coming very soon. Back in 2018 the IMF war gamed the deliberate default with all the western banks, they have a plan for all contingencies. They are fully ready, they want to dump the dollar for their advantage and it sure looks like a good time to do it. With the FED announcing they are going digital July 1, these two events may be connected and if they are, they will pull the trigger. We shall see.
Even if the government raises the debt ceiling again, we still won't be able to afford the interest much longer. Our economy is going to collapse-no ifs, ands or buts. I just hope they use a modicum of common sense when they rebuild it.
IF,
the politicians do not come to a deal to raise the bedt ceiling come Jan 1 for political purposes, the chaos will be beyond anything in our history. Lots will go hungry many will die.
The debt limit will be raised. We've seen this movie before.
It may be raised and it may not be in the next 30 days or so, but reading the world situation with the dollar and the de-dollarization even among our allies and we now owe over $7 trillion in foreign held treasuries, this is clearly another movie now. (Everyone knows this is coming very soon, even the central banks are buying gold at a record pace). It may not be the first seen in the movie but it's coming very soon. Back in 2018 the IMF war gamed the deliberate default with all the western banks, they have a plan for all contingencies. They are fully ready, they want to dump the dollar for their advantage and it sure looks like a good time to do it. With the FED announcing they are going digital July 1, these two events may be connected and if they are, they will pull the trigger. We shall see.
Thank you for all that you give to me (us). the Lord be with you always...
Come Lord Jesus! Merci, Michael.