Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.
Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.
In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.
(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.
Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.
[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.
U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”
[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.
After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.
In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)
What do Barack Obama and Joe Biden have in common? They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.
That guy with binocs, whaddaya expect? Summary execution is the proper punishment.
Only if you put a bullet in the back of the head, of every m’rer responsible for grooming and installing him.
He’s just one cockroach; we need to take out the nest.
Otherwise, your just playing “wack-a- mole” for emotional satisfaction, while the nest keeps producing more.
Like the Hydra, cut off one head, and two immediately grow.
Gotta go for the heart, instead of focusing on the heads.
good luck finding one.
WEF the heart?
Its the unelected we need to take down. WEF/FBI/CIA/NSA/DOD/DOJ
The taxpayer funding of their military op, psyops, and enslavement of the people, and peoples of other countries has to be halted. God bless Africa, and pray for them as they move away from the vilest beast ever to sit upon the oceans.
And the Senior Executive Service
WEF, Davos, WHO, IMF, World Bank, just to start with…..
To those who have a garden or backyard. The way to remove weeds in a post Roundup world is to pull them up by the roots thereby destroing the rhizomes which breed them. So must Liberty be cleansed every so often that the Tree of Liberty may flourish!
Yes, rid the nest !!
CIA & preferred stock holders of the entities that own/control the Federal Reserve!
The CIA groomed Obama. CIA works for Mossad. Start there.
Maybe he’s looking for a new chef.
Or Mary Jo Kopechne.
He’s probably staring over at Ukraine thinking: “man, we have to rebuild that place, it’s in shambles…”
Time for some US aid! 🙄
And the background for the meme picture is a scene from the movie IDIOCRACY. Very accurate meme, the IDIOCRATS want to destroy the country. And the rinos agree with it. They are all NWO IDIOTS.
Unfortunately there is NOTHING the normal person can do to stop this coming implosion (other than protect yourself). Physical assets are ideal.
More good info on the topic (albeit with a little of the ZH sky is falling perspective): https://www.zerohedge.com/markets/yields-surge-after-treasury-boosts-auction-sizes-more-expected-sees-debt-issuance-tsunami
Now we have the results of Bidenomics in clear view.
Yet the brainwashed young blueberries will still vote for the Democrat candidate as they become homeless…
These people make me want to projectile-vomit.
Retired Magistrate here: Get your house in order: stock up on essentials, make sure your home is in good working order (forget the fancy stuff, focus on the basics that make your home livable), figure out which family members and friends you can count on and make an agreement to help each other when the time comes, find a good Bible believing church (if you have not already done so, and attend on a regular basis) and thank GOD for what you have today.
God’s words. I may not be able to do all of it, but hope to do most of it. thank you, friend.
If the church has some land, grow a church garden, too.
Biden, Obama, all the elites, want population collapse, its “green”
there cannot be a totalitarian global government without full collapse.
Joe Bidens job is to destroy the Constitutional Republic
and I should add, remaining viable is the opposite of “being brave” and becoming MAGA cannon fodder
this OMG “be brave” idea, where you throw caution to the wind, is insane and anyone making that statement automatically falls in my “are you a Ray Epps?” bucket.
I would say
remain viable
avoid pointless virtue signaling
dig into the institutions and become very important in key locations
dont get cancelled
dont lie or obfuscate, maintain your ethics and push the envelope
Smart AND succinct!
the goal is to survive. they want to kill us. biggest middle finger you can give them is to survive.
The Biden’s lucre won’t be worth much in Hell.
I raised that idea earlier, on another site, regarding a possible explanation for why the UN doesn’t intervene in Haiti.
The state of lawlessness is putting people at risk of starvation and the UN does nothing.
Could it be that the climate activists at the UN actually see that as an “upside”?
Almost like they are bringing about The Atrahasis Epic! 1700 years before the birth of Christ a book was written of a great flood to wipe out all of humanity. Apparently they had tried disease, pestilence, drought, and sexual sterility to cull the world of its over population. In the end the ancient God’s decided on a flood every 1200, to 2000 years to cleanse the earth of people.
China is getting a head start!
the vaccine was the flood. less expensive then costly world wars.
Agree Marcia. I haven’t been on this forum much because I’ve been working myself to the bone on this farm. It is our family retreat and it has a lot of people to feed. Praise God and pass the ammunition, as has been said for decades.
been listening to those story for 25 years. even a broken clock is right twice a day
Then, please by all means, tell us your suggestions on what to do.
We are all ears for your wisdom.
Prolific, but I think our military is read to step in at the opportune time and re-establish order. There must be some sanity left somewhere. Let’s pray there is.
the military will not step in on the behalf of US citizens. stop propagating this lie.
The higher ranks are all leftists at this point.
We are back to our beginning. We left British rule for our religious and other freedoms. We wanted to just live with the feedoms our Lord gave us. The federal government is so far into our lives, freedom is a far away thought. Their changing our food with poisons, telling us where and how we can cook it. Where to live, how to build it, overpriced insurance and taxes. How, when to care for property. What to drive, type of vehicle, way overpriced car insurance.
Closing manufacturing companies, no good jobs. No shop classes to teach skills in jr high and high schools . No teaching bank accounts, balances of budgets. Our kids are idiots. Colleges teach social topics that parents used to teach, morality and ethics churches taught.
Its as though we just left , got here people got sick, some died and we have to start over. It’s a modern revolution. I fear some folks say 35 yes old and down won’t be there to fight back.
Maybe a country division is in order !!!
God Bless America .
My parents taught me home economics. I had a savings account at age 8. I learned budgeting from my mother, and accounting from my bookkeeper. I taught mine, and now I’m starting on the grandkids.
Where have all the adults gone? Teach your kids, your grandkids, your great grandkids. The epitome of the problem is waiting for government schools to do it.
Government schools used to be known as “poor schools” before 1900. Most families educated their young at home.
Create a Faraday cage.
Why? Who needs electronics when there’s no grid.
Amen Marcia. Putting God first is a must. Thank you for posting.
It’s going to get much worse…
This is as good as it gets.
Ouch!
So say we all.
all of this has happened before, and all of it will happen again.
couldn’t help myself. good show. 😉
Pendulums, swings and roundabouts, Muley.
It shocks me still, how much I can loathe these despicable government gangsters. There isn’t a Hell’s circle deep enough to satisfy me for their theft of my progeny’s future.
I blame the Mitch McConnell led senate during president Trumps term.
And Paul Ryan congress
And those turncoat RINO whiner House members who abandoned ship mid-first term of President Trump’s presidency.
Ordered no doubt by the reprehensible, egotistical Ryan, which action in turn gave the House to Pelosi on a shiny silver platter for the last two years.
It’s those cowards and weak sisters who enabled the sabotage of President Trump and his MAGA policies, and who were saboteurs themselves.
And it is to those deserters I reserve my most intense condemnation.
And the Pelosi CONgress.
Mitch McConnell, Ryan and Bush Jr. certainly are at the top of the list, as Bush did PLENTY to pave the way for Obummer.
Still these are the avatars, and we need to focus on those who stand, still “in the shadows” and actually, as a committee, “call the shots”.
We’re not their YET, but we are “getting there”.
I anticipate their plan is reminiscent of 2008.
Just before the election, a major financial crises, requiring unprecedented EMERGENCY measures, and both the outgoing (this time Biden) admininstration, and the incoming (this time RDS admin. as thats their plan) along with both faces of the Uniparty in CONgress, will agree on the unprecedented step of instituting CBDC’s, as the “only way we can stop the bleeding”.
Same playbook. Interesting the rating agency didn’t apperently mention the U.S. Dollar loosing its reserve currency status, as 40-80 countries are meeting this month to coordinating dumping the $, for gold or “basket of commodities” backed currency, which is what will precipitate the financial crises, giving them the justification for CBCD’s.
Act least, I THINK thats their plan, except they keep getting punched in the face, so we’ll seehow it goes,..
Fox is also pushing that PTrump should go to the debates.. OF course
so they can all attack him and the nasty press hosts can ask him
snarky questions..
As much as we might like Trump, he is no fiscal conservative.
President does not control spending… congress, specifically the House, does.
And we STILL hant had a budget passed by both Houses of Congress, signed by the Prez, since 2007 for FY 2008. STILL.
Ryan and the Republicans promised to rid us of ObamaCare and pass a budget. They did exactly the opposite. Trump had his hands full fighting the UniParty. This time will be Retribution.
You know how politics works. CONgress waits until the last minute, attaches the defense budget to the omnibus, tells Real POTUS to sign it or risk default, gloom / doom and invasion by China.
Pres Trump signs it and says never again. And that was it.
The president’s administration sends the budget request to the House.
Where the House and Senate alter it.
ignorance noted
Then name one of either party that is.
“Fiscal Conservative” is frankly, made up bullshirt.
Its a created “wedge issue” because like gun control/2A, or abortion it divides tax payers vs welfare recipients.
And distracts people from focusing on TRADE, which is where the American people have really been getting screwed, lo these many years.
With low cost energy, and FAIR trade, America is THE biggest market, no other country is close. Americans “punch far above their weight class” in terms of purchasing.
And, WE can produce EVERYTHING we need, so do not HAVE to import anything.
This puts us in a unique position in the “global economy” if we but USE it.
PDJT’s Maganomics, America First policies aimed to do just that, in which case concerns about “fiscal conservatism” become a non-issue.
If PDJT had “free rein” to implement his policies, the $30 trillion national debt could be wiped out in 5 years, and SS could be financed for the next 50.
$Trillion/year, at least, times 30 years, is what CHINA and the EU have been exfiltrating out of our country, and there are 184 (?) countries, and they have ALL been ripping us off, as well.
Trillions spent on the endless wars and the MIC, and the comparable I/C and Bacterial Warfare complex, the survellence State, etc. ..
America could be awash in wealth, with diferent leadership and policies.
Fiscal conservatism is so ‘old’.
Exactly. Thank you.
Agree with you for the most part, except that $30+ trillion of national debt can’t be wiped off the books in 5 years unless we:
1. Get rid of the Federal Reserve and its fiat money
2. Declare some type of bankruptcy (new currency, pay off old t-bills at a percentage of their face value)
3. Phase out Social Security, it hasn’t been a “Trust Fund” for many decades
4. Repeal the income tax to starve the Federal Government of revenues
Essentially, old T-bills are paid off as a percentage of their face value through the magic of currency devaluation.
I’m in and add:
5. Eliminate or severely defund every single three-letter agency.
Eliminate
Its immoral to phase out Social Security for the over 60 who depend on it. Now the multimillionaires who recieve social security… they can be phased out. those choosing to live in expensive liberal areas, they can be phased out.
“Trade” … and TARIFFS. Go back and read SD’s article from a few days ago. Study how Trump’s tariffs on certain strategic imports from China triggered (a) a devaluation of the yuan which lowered every American’s prices on all goods imported from China, and (b) the return of manufacturing in several strategic industries to American shores.
very good points.
with people like the GOPe claiming the mantle of “fiscal conservatives” i will take a hard pass.
Hahaha. The Leviathan has 55% of the American public dependent on it for a check. Tax rates that are consuming over 50% of income. 30 trillion in debt and you say “trade” and a financial dictatorship led by a benign ruler is going to impact that? Hilarious.
Fiscally conservative govt may be old because it was so quickly swept away. The consequences are a two tiered economic and now justice system and they ain’t done yet.
“If PDJT had “free rein” to implement his policies, the $30 trillion national debt could be wiped out in 5 years, and SS could be financed for the next 50.”
Stands as one of the most absurd assertions yet made here. But you have a lot of support – the magic is just an honest election away isn’t it.
Hopium is a lot older than fiscal conservatism and that’s what’s being sold here.
You are wrong. Trump’s plan gets rid of the debt and keeps Social Security funded. Trump is the only choice for us.
The cult objects, always does. Entertaining when someone hits a nerve with them.
In reality, I tend to agree he is not a true fiscal conservative. And even though we’re not allowed to utter such blasphemy here, he has other faults and showed them. Faults. As in plural. However, he and he alone against an entire criminal enterprise government makes it impossible for us to truly assess him. In that respect, I cut him some slack.
Good chuckle on the honest election. Thanks. It seems we both understand the truth about that one. Not that it makes us Einstein’s. Common sense folks get it. It is because of that entire criminal enterprise government that honest elections are now extinct. And soon to come the US dollar.
In Jesus there is hope. In government there is none. God bless.
Donald J Trump is the TRADE KING
Trump did sign some big spending bills. He said he was going to revisit the spending, but was cheated out of his second term. Our 401k’s did really well under President Trump.
We needed the spending after the Covid financial meltdown. Trump stabilized our market with his spending. Joe Biden burned an additional $12 trillion in uneccecssary debt spending, much of which was money laundered through Ukraine back to the Democrat Party to fund attacks against MAGA candidates in 2022.
Fact is, the more we allow them to spend, the more our currency inflates.
Do we recieve any benefit from their spending aside from the post-covid market stabilization need? NOPE
No infrastructure improved, no military improvements, etc
All while they tax us over 50% in total on our labor income.
Our government is a scam.
Reminder: Congress passes the budget.
This is Obamas third term so I didn’t expect a different policy…
Correction. This is Obama’s fourth term. He ran the shadow government during Trump’s term, orchestrating the soft coup that is now moving toward the final stages.
Janet Yellen calls it “arbitrary”? The whole country could see this coming, probably most of the world. The only question was what took so long.
And now we’re exporting those policies to the UK…
…courtesy of her predecessor at the Fed, the too smooth looking by half financial and economic guru who, under Obama, pushed the US economy straight downhill into the gutter (the first time).
He will now advise the Bank of England on their forecasting policies.
You’re welcome, Britain.
You can thank us later…
Or not.
https://www.zerohedge.com/markets/jokes-write-themselves
I read that. Not to be redundant, but what a joke.
Massive out loud eye rolls from me, Mims. But Britain is finished any way.
Tragic.
Breaks my heart, Bet. We lived in England for 6yrs and I’m a huge Anglophile. Loved it, considered staying there after retirement. Sadly there seems to be nowhere better to go anymore.
“The only question was what took so long.”
or why its still rated THAT high.
if all my revenue was going 99% to the debt service alone, and not the principle, they definitely would not be giving me any more rope.
This is the way it always goes in history. There is nothing new under the sun. Gird your loins.
Biden and Yellen both emphasized that the downgrade was transitional.
That’s assuming we can transition the Biden Administration out of power.
Everything is trans
Today
Yes, just like inflation. Let’s see, what’s that word I’m looking for? Oh, ye, liars.
get rid of any debt on credit cards, etc.
i get the sense that we will have to live mean and lean sometime in the near future
I have zero debt and I still worry. Property taxes, utilities, groceries. Don’t know how most people survive…
Same here! No debt, I keep a tight budget, work OT when available but still!!
got a $25.00 decrease in ss per month when everyone else got an increase thus i kept drug coverage for non generic rx and switched to good rx for generics and priced each rx generic at where ever it was cheapest only shop specials at 4 stores and dollar tree and get walgreen tp still 10 for $6.00 compare to scotts, detergent thanks to sundance have 20plus containers, dollar general has napkins 150 for $1.00 and water refills 1 gallon is 29 cents at W/M God bless sundance and pray for our warrior trump
You’re not kidding. Families may have to live together, if there is that possibility. And we all need to be looking out for our Seniors.
Many families in Florida do that already in order to save on property taxes, utilities etc…
Some of us are doing that now…
I hit the brick wall last August. The only luxury now besides internet and cell phone is SiriusXM.
Long term storage food and a water supply and portable water filtration should be in every house because they don’t care about us.
All it’s going to take is someone to pull the rug and it’s gonna be a mess for millions and millions and have the tools to protect.
And the Rinos are to blame for this. Maybe McCarthy can explain this to the American people why he supported increasing our debt and allowing this to happen.
Eh… it’s just a long train of abuses…
Right. Let’s not ever blame any Democrats 🙄
How about we blame all Dems AND all RINOs?
these stoops “in charge”!
I live in Portland, OR… when the liberals here speak, you realize that Americans deserve the government that they have…
so, how did you lose your nation sir..???
Well slowly at first….then all at once
That is what the Jewish people said after WWII.
The only people that don’t see it coming are part of the cult.
or the oligarchs for whom it will not matter.
Brandon and Kamala’s campaign slogan was
“ Build Back Better.”
Obviously you can’t build something back up unless you destroy it first.
I’d say mission accomplished JoeBama
Right. And “Build Back Better” actually means Build Back Worse.
No hope. Can you spare some change?
“notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025”
Notwithstanding? I’d say because of it. That’s why these UniParty Republicons are so dispicable.
I’m talking about you McCarthy, AKA Luntz’ roommate.
The (former) US of A has not been a AAA credit in a very long time, despite the rating agencies clinging to their AAA ratings until now.
I would post the FRED database page showing the massive increase in Federal gov’t spending over the past 5 years, and accompanying much wider annual deficit, but it’s too depressing.
A “Mad Max” type future for this (former) country seems increasingly likely.
I thought we were downgraded from “AAA” to “AA” during the BroncObama years? Did it go back up during President Trump’s presidency?
You are right, one of the 3 rating agencies downgraded the US in 2011.
I would say Obama and Biden are still in office. First it was Obama then they kept pressure on President Trump through the like of McConnell, Shumer, and Pelosi until Obama and Biden stole the next four years.
“Based on arbitrary and outdated data?”
Comment courtesy of an arbitrary and outdated fool.
speaking of outdated = Janet Yellin herself
Question: Could WE The People simply bribe Biden to do right by us?
Maybe start a gofundme for the big guy.
Dang
Gold? Silver? Platinum? Bitcoin? Hahaha!!! Nope! Stock up in…7.62 x 51mm; 7.62 x 39mm; 9mm; 5.56 x 45mm…22LR
Gold should go up.
It’s down almost $9 CAN/oz right now….no, that’s manipulated as well….
I’d like to know how much gold is really in Ft Knox.
Another example of Democrat betrayal of the United States as they bow to their globalist allies in the push for a One World Monarchy.
Who else had these same globalist intentions? Let’s see: Alexander, Caesar, Ghengis Khan, Napoleon, Wilson(?), Lenin(?), Mussolini, Hitler, Tojo, etc… ad infinitum. The big dream of a small minded man intent on worldly power.
In his failure to seek God, man will attribute his failures to others and seek their deaths.
May God save the United States from such a fate. We must returned to Our Original purpose for the Founding of this Country: to protect the individual’s right to Life, Liberty and Pursuit of Happiness.
We’ve been betrayed by both wings of the albatross government
Good thing the adults are back in charge. Remember…failure is a resume enhancer for Democrats, so this is a win for them.
Isn’t there supposed to be a large sale of T bills this month?
Seems like downgrading the credit rating would force up the interest rate on those T bills.
Is this Another way for Wall Street to suck more of our tax dollars up?
You may be on to something.
Why do you think they hired 87,000 new IRS agents? They’re going to shake every last penny out of your kid’s piggy bank.
Defund the beast! Claim 38 deductions.
I doubt that 87,000 people they’d want to hire (compromised) can even do math.
And not one will investigate the missing tax dollars in Ukraine
They’re going to run out of other people’s money really fast.
Let me guess…
It’s Trump’s fault and Jan6th.
https://www.zerohedge.com/political/biden-blames-downgrade-trump
Obamas third term proves he Hates America and is trying to destroy it. I sure hope An act of God destroys him and his SATANIC PARTY OF THIEVES AND MURDERERS.
Ya had to know it was coming. The people in charge don’t care one wit. Their mission is to collapse the economy. The alarm bells have been ringing: bank failures, bellweather companies going bankrupt, people can’t afford groceries, etc.
Time to batten down the hatches, if not doing so already.
They are trying to collapse the country, or start WWIII, *before* the next election because we’re all in for Trump. What number of indictments is it now?
Pray.
Dammit, Janet! 🤬
Obamanomics.
“Surprised investors.” WTH?
“… The resolution of the debt ceiling crisis”. Bwahahahaha! Kick dat can down the road and PRESTO: Problem solved.
It’s been said before many times. They. Don’t. Care
I highly recommend reading The Network State by Balaji Srinivasan. Trump nominated him for the FDA head. He has an interesting discussion with Lex Friedman (it’s 7 hours long, just search for Lex Friedman Balaji on YouTube, any podcast source, etc – here’s the link to the transcript: https://steno.ai/podcast/lex-fridman-podcast-10-transcript/331-balaji-srinivasan-how-to-fix-government-twitter-science ).
The Network State book is free to read at thenetworkstate.com (also, just saw he has a podcast there) and download as a PDF.
Balaji has some interesting thoughts. In the Friedman interview, he’s asked if the Covid response would’ve been different had he been the head of the FDA. He’s pragmatic about it and said no for the most part, the he’d of the FDA is a symbolic position in that the bureaucrats could just ignore the direction.
The idea of the network state is that is what he thinks will be government 3.0, where gov 1.0 was the city-state and gov 2.0 is the nation-state. The block chain will allow groups of like minded people to join together and prove their land holdings and assets. It’s very interesting and worth the read. He even states you may not agree 100% or even 20%. He’s just there to show what the future may be.
Be negative on bitcoin if you want, but I highly recommend listening to Lex Friedman’s interview with Michael Saylor and Robert Breedlove’s 19-part series with Taylor as Taylor talks about civilization from the beginning of history to now and beyond, specifically with the idea of how money evolved and how bitcoin can improve society.
Bitcoin is just one use of blockchain technology. We are at a period in history where ordinary people can construct a parallel economic system to the gov’t that can transcend political borders.
People have the ability to bypass, legally by assuring to follow all their local laws, government and create their own economy with like minded people. I’ve always said that 1 million like minded people in the US could get together and develop their own food chain with other personal services. Once they establish a connection within their group of farmers, cattle ranchers, lawyers, doctors, educators, computer programmers, etc, what’s stopping 10,000+ of them from pooling resources, purchasing a large swath of unincorporated landed then forming a city?
Requires an on / off ramp (fiat USD etc) or an agreement to Barter.
I just want to know the answer to one question- how does bitcoin work without electricity?
If there is any major disruption either from an economic collapse or emp or what have you, the grid will go down. It’s creaky as it is and with more green crap coming onboard and fossil fuel generation being eliminated, what share of that do you think you will command?
Look for a major ‘correction’ or worse on the stock market by the end of October.
good point; it is mostly always October
You can also Thank RINO/Establishment Spineless jellyfish Kevin McCarthy for helping contribute to this when he caved to the Elitist Establishment Oligarchs who did not want to see SERIOUS CUTS IN SPENDING OR ANY FISCAL DISCIPLINE AT ALL!!! 🤬
They are all laughing their way to the offshore bank
Plant your garden, provide for your family, and pray.
and pass the ammuntion!
” akin to a household intentionally shrinking their income while at the same time taking on credit card debt.”
..and when 1/3rd of that household’s income comes from borrowed money it just might explain why one spouse has been using those credit cards to squirrel away cash, diamonds, sports cars and real estate while telling the other spouse and kids to eat bugs, use bicycles, and work second jobs.
But, but Joey said Bidenomics is working???🙄
I can make it without a pile of money. Ironically, the criminal trash doing this will be devastated without wealth. Destroying the U.S. economy and the entire society cannot leave the scoundrels unscathed in a protected bubble. Not only do they personally need the existing infrastructure to lead their fantasy lifestyles, they are also well known to everyone ON SIGHT. When the whole thing collapses, we peasants can spot them and deal with them directly for what they have done.
Surprised they were “angered” by this…never let a crises go to waste…
They pretend to be angry. Then slap one another on the back. Then, cocktails.