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Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”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.
This is the most obtuse meme I have ever seen. I get that it is Yellen bowing to Xi’s representative, but what is with the green tail, the banjo, the weird markings on the stringed instrument and why a penquin head in a top hat.
Soros, Obama and Holder are all high-fiving in celebration that there are so many ignorant, stupid and gullible citizens in America. This 3rd term of Barack Obama is made up of hand-picked people who are old and senile, blackmailed by a lifetime of corruption and willingness to kill America.
Old and senile , perverted sexual predators, freaks and psychopaths.
When if ever will people wake up to the evil destruction of the criminally corrupt kenyan? Of course everyone blames the Demented Fraud in the WH but he’s less than zero in control of anything including his bodily functions. Makes you wonder what the kenyan’s boyfriend chef took with him to the bottom of a pond.
No one will ever attack Obama and his corruption all due to his RACE
They can blame it on his white side.
Do you mean back side.
Mulatto isn’t actually a race.
It’s a mixture of races.
When will they wake up? Possibly only as they board the boxcars. Recent polling shows half the electorate still supporting Biden!
“We’re counting on the stupidity of the American people” (jonathon gruber, the anti-American kenyan’s author of b.o. care)
“When will they wake up? Possibly only as they board the boxcars. Recent polling shows half the electorate still supporting Biden!”
There will be no boxcars – the decimation is being done gradually by attrition: Synergies of negative economics, covid/shots biowarfare, and competency dilutions at all levels driven by identity class quotas that started after 1964.
All this drives more clamoring for socialist govt “help”, and with added “progressive” ideology the support for biden still stands, amazingly. It shows how corrupt the US has become.
All gradual, so there will be no “waking up”. Until it is too late and the govt overspending collapses the system at the same time war is declared to provide a “reset” and “suspend” civil liberties “because wartime”.
Some suggest that all this has been harnessed to undermine the US as part of the CCP 100 Year Plan.
The polls are fake and MAGA does not answer polls.
That’s a succinct synopsis.
Oh my!
The big question—Is the combined IQs of Joe, Kamala, the Biden cabinet rated as low as 0 or as high as 1.????
It is intentional on their part, both the initial act and its outcomes. The people running the show behind the front players are not dumb.
Forgot to include DIOBOLICAL EVIL!
Look at the nomination hearings. There are plenty of not-so-old wokesters set to be federal judges for life.
Please stop calling all citizens ignorant, stupid and gullible. You do yourself no credit with mindless name calling. There are tens of millions of us and maybe many more who do not deserve your denigration.
GG did not call “all” of us that…kind suggestion to re-read his post.
if he added ‘inert’ and ‘pedestrian’ would that fix his statement for you?
Problem is the ignorant vote more than once! They along with cheating got us Biden!
old and senile? I suspect many of those you described lived in our country
for decades when it wasn’t led by Marxist, communist, socialist crooks.
The old, in particular, are really pissed off.
“…there are so many ignorant, stupid and gullible citizens in America.”
The DC Grand Jury members are possibly the most ignorant and most gullible. They don’t see the harm to the USA that their election interfering complicity is causing.
It doesn’t matter to them how many Democrat hoaxes, unjust indictments and dirty tricks are exposed. They continue to vote like mindless pawns for indictments when only one side can influence them.
Some may be so, most want the outcomes we are getting.
I hope Democrat voters enjoy poverty, food lines, and home invasions as that is what they voted for all of us.
America did NOT vote for this. The elections are rigged.
So much for majority vote rule. It’s not about there being more of “us” than “them.” It’s all about LEVERAGE, consisting of who has control over media, infrastructure and entitlements. And that’s where we lose. It’s downhill from there.
The only leveling force is God, and perhaps we’re not impressing him that much either. Let’s get that fixed first.
They were outright stolen. Complain about too loudly and you end up in the DC gulag. Voting hasn’t mattered for awhile.
Yeah, it’s been going on for decades. Look up the Collier brothers book VoteScam on archive.org–they did that book back in the 90s, I think they presented evidence of stolen elections to the FBI, so of course they were then targeted by the FBI.
I know of plenty who voted for it. My conservative nonagenarian mom is surrounded by them in her senior facility. And they’re all in for voting that way again.
I am smart. I watch teevee!
That is the truth. In my area, among my mom’s peers (old white folks), they are overwheming dems. People need to face the facts.
once a hippie always a hippie
I think those oldies are indoctrinated continually by the staff and the TV stations they are forced to watch. Like CNN was in all the airports worldwide.
In this case it’s part of their nature; they’re coastal wannabe Minnesotans steeped in Democratic Farmer Labor socialism all their lives.
Problem is they don’t think for themselves or do research. They just listen to the people around them! My friend always votes for democrats because her parents use to! Such stupidity!
My best friend has voted for Joe Biden in all his senate elections but not because her parent did. Because he, his family members or staff ordered and would pick up subs and steak sandwiches from the sub shop she works in.
I love her despite her weird loyalty to long term customer.
Not even close to 81 million – and those who did vote for biden deserve to suffer the consequences
Lulu is correct in suggesting “democrat” voters get what’s coming to them, because they did vote for it (rigged or not).
I know many who did vote for Fetterman. I know it’s hard to fathom, but it’s true. Everyday I pass a farm that has a barn with a huge Fetterman sign on the side.
And the rational is?
Rationale for what? Voting for Fetterman? Not sure what you’re asking.
I don’t think they mind it!
There are plenty of people who voter FOR Pedo Joe. He probably legitimately got 40-50 million votes.
Those who voted for him need to “enjoy poverty, food lines, and home invasions”.
This mess didn’t occur due to the last election cycle. Americans have, in fact, elected those who organized our demise and have for decades.
Cheating got us Biden
At least 40% of voters are Democrats – so at least 40% of Americans are filthy scumbags and perverts.
The elections are rigged. So is the judicial system. Jan 6th was a trap.
And the freebies that never pay the bills!
Kievnam expert Oliver Stone regrets voting for Burisma Biden
“I made a mistake.”
breitbart.com/entertainment/2023/07/28/filmmaker-oliver-stone-regrets-voting-for-joe-biden-i-made-a-mistake/
Socialists and Commies. Except when it applies to their income.
money, so they say
is the root of all evil today
but if you ask for a rise
its no surprise
that they’re giving none away.
😉
the love of money
it is the love of money, the bible says, is the root of all evil.
got it.
i was not quoting the bible…
Socialists and Commies have always lived off the backs of their citizenry. The leaders of communist countries all live in nice houses, have nice cars or chauffeurs & limousines, never go wanting for good food, and try to stay physically separated from the hoi poloi as much as possible. It’s exactly what the corrupt elitists in our country are striving to achieve for themselves.
Champagne Socialism/Caviar Communism
Red Rackets Better
Willi Munzenberg – an Old Bolshevik who was also a self-promoting tycoon—became one of the most influential Communist operatives in Europe between the World Wars.
–The Red Millionaire: Moscow’s Secret Propaganda Tsar in the West
This is what the Mexican peso has been saying about the U$D over the last 12 months. No surprise. The chart has been screaming.
https://finance.yahoo.com/quote/MXN%3DX?p=MXN%3DX
That is shocking. The dollar has deteriorated against most foreign currencies, but is significantly deteriorated against the peso.
(thereby creating the era of “sustainable energy” a possibility.)
Of course not. The entire notion of shrinking yourself to prosperity is, well, preposterous.
This is, however, the hallmark of Marxism: what exists must be destroyed in order to create Utopia.
An independent America exists, so it must be destroyed.
The harsh reality is that Marxism/communism is merely a theory, and no more realistic a theory than the theory of perpetual motion.
Nice idea until you factor in heat, gravity and resistance.
In Marxism, the reality factor that dooms it is human nature, self preservation, desire and greed.
Those things cannot be engineered out of human beings. That’s why fences go up: not to keep people out but to keep them in.
I’m reading that people are saying that hard times are coming and so to get your house in order, stock up on supplies, plant a garden, etc.
For those that visit commie sites, are they saying hard times are coming and they should open up their homes to the needy, plant community gardens, when you go shopping to buy extra goods and put them in a community warehouse, etc.
I’ve never read that.
For me hard times are already here. Home insurance went up 33%. Energy bills due to increase 30-40% this month. My food bill for 2 people s $450/month. Gas is the same. some weeks 10c more/L. Eggs–now up from $4 to $7/doz. And now therea an egg shortage because NO MORE CAGE eggs, only certified free range. Bl%^*y Lefties. I cant afford to eat steak or a roast so its mince padded with grated veg. Or lentils. Or pasta. Havent had a steak for > 2 yrs.And its going to get worse. And I live in Australia.
We are in British Columbia, Canada.
Inherited wealth is still “ papering over” what’s coming for the majority.
We are presently at our cottage. The cottage is located in an town that is home to many wealthy retirees and older monied professionals.
Their offspring are living the good life, for the most part on their “elders backs”
We drove by several prominent businesses with help wanted ads. Including two business that were looking for HVAC techs.
A Big three automobile dealer was looking for service techs.
Not to mention the restaurants, it appeared that they would could all use staff.
This is a town of no more than 15,000.
Cheers!
Generational wealth is supposed to stay in the family. The elders arent supposed to consume it. They are supposed to conserve and grow it for the next generation.
True, in my day that was the case.
We were dirt poor so that didn’t apply, but those with property and real assists ensured just that.
Around us the monied kids are a pampered and indulged breed.
A woman we knew just inherited $4 million.
She and the hubby have new Teslas now, and are talking about a Condo in Maui.
Their two adult kids 30 ish are still students and smoke pot most days.
These instances are not that unusual.
Cheers!
Funny, those same human factors doom republics.
No. What dooms republics is lack of morals and turning away from God.
The two oldest professions in the world, and both are sinful: prostitution and politics.
Amen, Guest.
The primary difference between a group like the Watchtower organization and our current government is size. They are enslaving their constituents in the same way, using a belief in a new world order, putting themselves between people and their re-crafted image of their own ideas of hope.
Read Don Surber this mornings; says the same ……
https://donsurber.substack.com/p/biden-indicts-trump-to-hide-usas
Don Surber is one of my daily “must reads”. Great writer, always on point about the latest political debacle.
Surber only got it half correct. The latest Trump “indictment” is also to distract from the latest Biden revelations by Devon Archer. In fact , I think that’s 95% of the reason for the “indictment.”
Let them keep “indicting” him. He should stop cooperating and make them come and get him.
They’re indicting him to prevent him from winning the GOP nomination.
That too. But every time they indict him, the polls for Pres Trump INCREASE.
Yes, but they want him off the ballot! He’s being tried in democrat cities! He’ll be found guilty before the trial starts! Trumps lawyers don’t seem aggressive enough!
They announce themselves.
Make Haters Fake Again
https://truthsocial.com/@realDonaldTrump/posts/110817816228570503
Nonsense. If Hunter disappeared tomorrow, they would still be indicting Trump. They want to eliminate him, period.
As far as Hunter, he’s protected. It doesn’t matter who says what, where, when or how often.
It is that simple. No need to twist everything into some clever theory.
You have no idea what you’re talking about and you have no idea how the media works.
They need the Trump “indictments” to shift the MSM headlines away from the Biden corruption, and the only story bigger than that is Trump being “indicted.”
Without “Trump has been indicted,” the media would be forced to cover the Biden corruption on a deeper level than “there’s no evidence.”
As far as eliminating Trump, that’s already been done. They’re reworking all the GOP primaries to proportional delegate awards, and they’ll rig the primaries with “ballots” wherever they can get away with it.
If he survives that and gets the nomination, they’ll rig the general election again. Who’s stopping them? They’ve gotten away with it twice already and SCOTUS punted on fixing it.
And if all that doesn’t work, a bullet will.
I know how corruption works and how protected classes work.
TDS deniers announce themselves spectacularly.
Trump destroys 39 Democrats for ‘Denying Election Results’
https://www.rsbnetwork.com/news/trump-destroys-39-democrats-for-denying-election-results/
It’s a managed decline, very intentional, in order to shift the world balance of power to Asia. Kissinger made this clear years ago… The amazing thing is that if you listen to the enemy, they tell you what they plan to do all along. They know that by the time we figure it out in a sufficient number to count, their plan will be well under way. We still have time, little time, so the reaction will have to compensate.
‘I am more and more impressed by the fact that it is largely futile to get up and make statements about current problems. At the same time, I know that silent acquiescence to evil is also out of the question.’ — Thomas Merton
I think we have time, as long as Trump gets elected. He turned things around very quickly his first term. He’ll need more cooperation this next term. Or he’ll need to move faster.
I don’t think it’s possible to “unring” this bell globally in a way to get back to the old order as it was, but he can certainly mitigate the damage by subverting the globalist’s plans. We need domestic manufacturing more than just about anything else. We all know by now, if you’ve been a visitor here for any amount of time, what needs to happen and un-happen.
Getting Trump elected is our mission now or we become out of time.
Balance sheet recession? TLDR
Everything Koch Turns to Sniff
How about oil being traded in currencies other than the US Dollar? That was the only thing bringing other countries to the Treasury auctions. And now with the probability that all those overseas dollars coming back into the US fueling hyperinflation doesn’t paint a pretty picture either.
But, but …We don’t need gold backing the dollar.
We have the full faith and credit of the US Government
FBO
“Black Lives Matter”
twitter.com/MittRomney/status/1269758561720156160
This is the best economy ever! How could this be happening? This indicates they’re lying to all of us. That can’t be true!
Yea, we have been trying to warn everyone for a while now.
Yes, they all assured us that this was just “TRANSITORY”.
Americans are FOOLS!
Stop with the Americans are fools. In case you hadn’t noticed, we elected Trump once and his second term was stolen. You act like you have been asleep the past 8 years.
Europe has more brainwashed liberals then anyone.
Everything Woke Turns to
Sh!tEurotrash“We must organize the intellectuals and use them to make Western civilization stink. Only then, after they have corrupted all its values and made life impossible, can we impose the dictatorship of the proletariat.”
–Willie Münzenberg
Make Americans Laugh Again
How To Get Into
HarvardYale (Part 3)“On February 28, Robin Fierce, a former contestant on the reality TV show RuPaul’s Drag Race, read “Antiracist Baby” and two other children’s books to dozens of Yale Law students, the Yale Daily News reported this week.”
yuribezmenov.substack.com/p/how-to-get-into-harvard-part-3
Of course it’s transitory. Things are transiting from bad to worse.
A lot of us have been saying for a lot of years – not enthusiastically or hopefully – that the only thing that breaks the fever is collapse.
I have one quibble about collapse. Collapse isn’t slow and then you’re there. Collapse is slow for a long time and then “all of a sudden”. Borrowed that from my buddy zman on his blog. Bankruptcies and bank failures are an example. Slowly but imperceptibly the boat fills with water. Then enough water gets in to counteract the buoyancy and boom, the boat sinks in seconds.
The Government Party has run out of fingers to stick in the holes of the boat. In most cases, they are intentionally unplugging holes at the behest if their Chinese paymasters.
Slow. Then fast.
“not enthusiastically or hopefully”
indeed. cheering and helping precipitate collapse is a gross place to be in…. but in the absence of the people being willing and ready to do much else (because each of us inevitably still has “too much to lose”), there is a legitimate case to be made that the sooner and more spectacular the collapse, the sooner we can see past it to try and build something afterward.
the problem is that we just cannot see or imagine what comes after, lest we be able to go about building or going our separate ways today.
Understand that there will be a fight in the post-collapse: The end-game of tyrannical manipulation of the economy is complete control of you and me. That bit is already planned by WEF, PRC and Co; even as they sniff each other, to fight over the spoils. They can be fought and defeated (q.v. ARW), just don’t be surprised by it. Rather, punch back very hard, early and often.
I read something the other day that made a lot of sense: The “great reset” (among other things) is a plan for that point in time when the entire world can no longer kick the debt can problem down the road.
That person has it wrong. Collapsed societies can’t sustain complexity. Collapsed societies revert to much simpler forms.
And let’s be realistic. If the US collapses, so does the world. China cannot feed itself, nor can it sustain its energy needs. They are a mass importer. The EU was about the same as the US, until the green energy scam was pushed 2 years ago. Afraid ca has never fed itself, and they rely on other nations to run their oil/gas industry. Asia and Russia are already less complex societies, and Russia is in very good shape thanks to the sanctions.
Where does that leave the US? Either we get Trump and start onshoring industry and producing, mining and drilling, or we and the world collapses.
This is an existential crisis over the next few years.
It is going to collapse even if “we get Trump.” He cannot save a sinking ship.
The good news is PDJT is a builder, a developer. He understands the complexities of building skyscrapers from rubble.
The imperative is to completely rid the country of the enemy, by whatever means necessary. We killed tens of millions in WW2 to bring down tyranny and reduced a significant portion of the planet to rubble in the process. It’s ugly, but it works.
Some of us are already in work, today. Focused on the mission. Fortune, sacred honor, life. If I survive, perhaps I’ll share. If ‘Dunes’ is no longer seen here, gentle readers will know what happened. We all go to God.
Never underestimate Donald Trump or the MAGA who back him. We can’t all be wrong.
I’ve been waiting since 2009 and it hasn’t happened yet even after trillions and trillions and trillions of debt upon debt.
Why is it now all of a sudden SHTF time? Seems to me the economy should have already collapsed.
Flummoxed!
Because all of those countries that had to pay to hold dollars to purchase energy and participate in international trade have come to realize they are worthless. We don’t make anything. Most of our manufacturing has been exported. Now other currencies are rising as being replacements for the dollar in trade. Especially those that will be gold or other commodity backed.
Mission creep. Forever War Better. My opinion only.
US tees up “Stop Russian Gold Act”, triggering LBMA and COMEX to eject Russian refiners (3/22)
bullionstar.com/blogs/ronan-manly/us-tees-up-stop-russian-gold-act-triggering-lbma-and-comex-to-eject-russian-refiners/
All the progressives who placed those trite BLM, Science is Real etc. signs on their lawns will find the mobs will not regard those properties as exempt from looting.
They ARE the looters.
“Hands out. Gimme loot.”
Hustle Back Better
Or repossessing
Exactly, they most likely don’t have any firearms and love virtue signaling, so they’ll have to accept it.
Gosh, what a surprise, again 🙄
https://www.zerohedge.com/markets/market-risk-sudden-disorderly-unwind-hedge-funds-suffer-historic-drawdown
https://www.zerohedge.com/markets/debt-tsunami-begins-us-sell-1-trillion-debt-quarter-2nd-highest-history-budget-deficit
The Green New Steal – Net Zero Macht Frei
“Green energy” is a nothing but a mirage for the fools who support it.
It is a set of smoke and mirrors for those who are pushing it on the citizens of this world.
Green Energy benefits investors of China. Its another money grab.
Yaaaaaay! We are now Zimbabwe!
The other thing they have in common is blaming someone else…. Bush was to Obama as Trump is to Biden.
This gaslighting administration is pitifully inept.
Frikking moron. Just an absolute disgrace.
Of course the people responsible for all of this can just up and move to another country and continue to live in luxury so why should they care? They will never have to face the consequences. We will.
No they can’t. Look at Germany. And Mexico. And I don’t think Russia will suffer these fools.
“…despite the resolution of the debt ceiling crisis two months ago…”
I think I missed this somehow
Resolved? Really?
In the nation’s capital of Kickcanistan and they kicked the can down the road a couple of years. They moved the debt ceiling deadline until January of 2025. An insurance policy in case Trump wins back the presidency. They will handcuff him with FJB’s fail economy and a closed purse. He will have no financial help from congress.
Rix Six: Kickcanistan. That’s a good one.
Actually it was a major cave-in, in which 330mil Americans were trapped.
Can only assume that sometime in the past two months “they” changed the definition of debt ceiling, thus resolving said crisis.
Yes, that was both humorous and absurd. Actually, even the AA+ rating is too high, but the skipper of this ship is headed right where he wants to go. The entity known as J. R. Biden is just the bobble head on the dash. Yellen, Congress, the courts, all bobble heads in the grand scheme.
Invest heavy in beans and bullets and practice your survival skills. Be kind but tough with others and you will get through with many other good people. Target the satanic pedophiles after the collapse- they must be eliminated at all costs.
A slight edit:
“ Target the satanic SOCIALISTS after the collapse- they must be eliminated at all costs.
Of course he pedos too …
Don’t forget good ole Jimmie Carter. My first house was at 18% and I renewed it for 12% and I was thrilled.
Ha! Same!
Me too.
Yes, similar, and I was able to afford it all on the wage of a non-union machinist. Compared to now, that time was a pleasant, peaceful, sunny day.
I attribute part of that perception to instant information and the information revolution. We were a lot less aware at the local level of the national and global realities back in the 70’s. Government media had more strict control over information and propaganda.
The part is age. Life, on one hand, teaches lessons. On the other, one gets old and is thrown away and marginalized. Harsh reality.
Here is an extra spin put on the Fitch down grade story run on the Fidelity website and downloaded from Rueters.
It connects the downgrade partially to 6 January 2020. Nice touch by the MSM in the wake of Indictment of President Trump yesterday. There is more to this than any economic meaning, which I personally have doubts are meant. The real purpose was to add fuel to the indictment. The lords of Wall Street can “fix” the credit rating thingy any time the wish. This is not the first time the US or other national economies have been “downgraded” and then shazaam a miraculous recovery.
Keep in mind that the Fitch Rating Agency is owned by the Hearst family.
https://www.fidelity.com/news/article/top-news/202308020951RTRSNEWSCOMBINED_KBN2ZD13H-OUSBS_1
Also, keep in mind that Fidelity is now the #2 Investment Firm at $8 T under management, just $2 T behind Blackrock (who is at about $10 T), who referenced the same story.
How much of their assets under management are owned by folks like you and me?
After the last crash I divested myself of the financial industry. Totally. Collectively, we could destroy it if we pledged our wealth, honor and lives to it. As is, love of money will keep the enemy flush in our cash and the scourge of our existence.
“Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.”
So the credit worthiness of the rogue, renegade, unelected, criminal U.S. gov’t was downgraded, and…
The response by traders was to immediately rush into the newly downgraded gov’t debt?
Why not downgrade U.S. gov’t credit rating to ‘F’, then the traders could buy ALL of it?
https://www.zerohedge.com/political/biden-blames-downgrade-trump
” the Democrats have gone further left and Republicans further right”
There is not a single issue where the republicans have moved to the right
BIDEN BLAMES TRUMP
https://www.zerohedge.com/political/biden-blames-downgrade-trump
Call the Wambulence for Biden…
If Our fed. gov. would only spend Our money on stuff that We and Our States authorized it to in Our Constitution (i.e. enumerated powers) we would be debt free. And could lower fed. taxes.
States Need Budgets – but Enumerated Powers Limit Federal Spending
https://publiushuldah.wordpress.com/2015/06/24/states-need-budgets-but-enumerated-powers-limit-federal-spending/
“With our federal Constitution, we created a national government to which we delegated only a handful of enumerated powers. If you would trouble yourself to read the federal Constitution, this fact would jump out at you and hit you over the head. [THIS simple chart will get you started.]”
https://publiushuldah.files.wordpress.com/2013/08/chart-showing-federal-structure-3-1-part-a2.pdf
Stop giving them your tax money and they will stop spending it.
I’m not a complete idiot when it comes to economics. Heck, my wife has a degree in economics and taught AP economics at an upscale beach city high school for years. We are both conservative, very conservative.
So when the market tanked in 2009 I went even more conservative than I already was. I started prepping. I bought gold and silver. I went short the U.S. government with TIPS and short ETF’s in low cap stocks and junk bonds.
And here we are in 2023 and while I didn’t lose huge chunks of money in the last 15 years, I missed the entire bull market run up after the crash. I have been expecting the final SHTF scenario for 15 years and … it … hasn’t … happened.
Am I stupid or what?
Now they’re saying this is it! Indeed, the final straw that will break the fiscal camel’s back. Get ready, get set, go!!!!!!
Fool me once, shame on you. Fool me twice, shame on me.
Flummoxed …
I ask myself those same questions sometimes and I always finally decide that the U.S. monetary system and economy is crap, but for now, everywhere else it’s still crappier.
That doesn’t mean that things can’t change in a heartbeat.
go 50% super stable and 50% whatever normies do. Should be covered.
Having seen both sides of the money game I’m quite content to be poor….. and healthy. That’s my new slogan, health is wealth. I’ve danced on plenty of enemy graves too. Not sad.
We are no geniuses.
However we have “ stumbled along” and done okay.
A good friend of mine is an independent financial advisor. ( we don’t use him) and do our own stuff!
He says we are starting another bull run, sure he makes money on other peoples money.
However he has a very good track record.
Why don’t we use him?
Because he is a friend, and we like quality “ dirt” and dividend paying stocks with a multi decade of increasing or stable yields, and cash in tax free savings accounts where possible.
There is no need to pay him 1 to 1.5 % per annum for that.
Cheers, and good luck with the financial stuff!
Physical is insurance, not an investment. You don’t buy it because you want your house to burn down. My opinion only.
“The Ukrainian policy for the United States has gotta be, pretty stark. That is, we hang with them until they win.”
— George W. Bush Nov. 16, 2022
Janet Yellen: Ukraine Has Our ‘Unconditional Support’
https://rumble.com/v2b6g5u-janet-yellen-ukraine-has-our-unconditional-support-rep.-matt-gaetz-exposes-.html
17 minute video by Kitco (mining news) at a recent mining investment symposium, titled “Dollar Weaponization is a ‘genie that never goes back into the bottle” – speaking of FJB’s weaponizing the US dollar against its perceived enemies:
It seems a bit irrational to me that, following a downgrade like this, traders would rush to government bonds. Can someone educate me?
The Fed just raised interest rates making it attractive to put excess cash into T- bills (treasury bonds) so that the U.S. can spend (borrow) more money. Most of the borrowing we are doing now is to pay the interest on our sovereign debt.
Interest rate hikes serve to bring investment money into the U.S. to buy US govt bonds and attempt to slow down inflation, called quantitative tightening (QT) because borrowing becomes more financially challenging because there is less money in circulation.
It is counterintuitive but the big money investors will move money to gain a fraction of basis point which, given the immense amount of money invested, can yield millions in minutes.
It’s not a stock market for ordinary people in my opinion. I was a Merrill Lynch stockbroker in the mid ‘80’s when you could still do technical and fundamental research for legitimate price discovery. In my view that’s no more the case. Investor beware!
more debt spending is inflationary. i cant handle any more inflation.
So you want anarchy? Mad Max for real? No thanks
For many of us, anarchy, sponsored by government and law enforcement, has been here for awhile. Patrol one’s property at night with a rifle and one gets a new perspective on things. It’s real. I don’t sleep much at night these days.
I hope the gentle readers here have comfortable lives not so impacted. I pray for them.
I feel bad for everybody that experience a home invasion in the future.
“The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions.”
–Thomas Jefferson to John Adams, 1819
The stakes are INCREDIBLY high !!!!!!!!!!!
It is INCREDIBLY obvious and visible for all in America to SEE who the real enemies of the State (Our precious Republic) are.
Well duh…this is what liberals do they destroy.
Like locusts…
Kiss your 401k goodbye
It’s ok. Yellen is teaming with Garland to arrest Fitch executives.
Circling the Drain
“Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating>”
To the nitwits running the U.S. Gov’t, this report signals a dire need to start another protracted war. Their immutable and misguided mindsets led them to believe the funding of weaponry and other expenditures for Zelensky and the Ukraine war would be enough to stimulate the economy in addition to enriching themselves and their friends. Every gov’t agency is being systematically corrupted, controlled and ruined by fools.
A proxy war in Taiwan and the Asia Pacific theater would fill the bill. The optics might be a tougher than Russia, Russia, Russia though. That was a pretty easy sell. IDK, perhaps activate some of their Muslim terrorists here and we can get a new war going in the sandbox. That’s right up the CIA’s alley.
BTW the revised inherited IRA rules are tricky , and instructive that they are now looking for Tax dollars there – I’m no expert but – assume post RMD age and leaving it to children as their inheritance – there is now a 10 year rule – have to withdraw it out within 10 years ( change from letting it stay in longer ) But now 2023 rules seem to have ADDED an RMD rule for the inheriting children to meet as well – must take out some TAXABLE amount via a calculation Each Year – years 1-9 and finish up in 10th – don’t have the option of letting sit there for 7or 8 or 10 years – Uncle Joe needs those tax dollars currently as the IRA generation starts to inherit from boomers …
400m arms a trillion rounds= complete surrender!!!
Gone without a shot or shout!!!
Given the change in tactics since the summer of government mercenary violence, perhaps they learned. Indeed there may be a Kyle Rittenhouse behind every blade of grass out there and his kill ratio was stellar. Hardly used any ammo either. Rinse and repeat for patriots wide and the government mercenaries and enforcers have something serious to think about before coming at us again. We won’t be merciful, count on it.
MAGA 👊👊🇺🇸🇺🇸🙏🏻🙏🏻❤️❤️
There was no question about it: for the sort of country we lived in, a good Trade Secretary around the place was sometimes worth more than two or three men.”
Instead we got Old Yellen.
Sure, Obama and Biden are the public-facing actors, but who else was there throughout the destruction of US economic power? The first step is to notice what they’re doing, the second is to notice who’s doing it, and the third is to stop them. Still too much hesitation on the second step, so we’ll deteriorate a bit more it seems.
Black Rock Matters?
https://theconservativetreehouse.com/blog/2021/06/20/blackrock-in-the-white-house/
“Woke” Investing Titan Just Put A Saudi Oil CEO On Its Board
dailycaller.com/2023/07/18/blackrock-saudi-arabia-nasser-oil-esg/
My Husband says we are prepared and ready.
You all should do the same, who ever you are, where ever you live.
God Bless and get ready.
But they blame both sides for congress money distribution. Hostile Democrat majority in the House and Mitch McConnell demanding President Trump sign off on their spending. First 6months was never Trump Ryan in charge.
Burn Back Better
https://truthsocial.com/@AmericanAF/posts/110821947842668818
We have already passed the point of no return, Cloward-Piven has been achieved. The FED has run out of”INK” and they’re now borrowing from FUTURE generations. The interest alone on the DEBT is now over a TRILLION a year, it will soon be 2 Trillion………Yet we’re still spending a TRILLION every 60 days…Heaven help all of us….
As BRICS rolls out their new currency and SWIFT alternative, the participating countries will begin divesting themselves of all things “US Dollar” dependent and other nations will join BRICS. Over time, measured in months and years, not decades or centuries, US debt and inflation will explode while the US dollar will deflate leading to its death. It will be replaced by CBDC and the rest of their Dystopian plans for all of us. We’re going to see it in our lifetime. Prepare yourselves and your families.
It’s all intentional everyone. In the leftist/progressive “scales of justice” their hatred of our Republic greatly outweighs their concern for its Citizens and the welfare of their families. Peace and tranquility goes right out the window and chaos prevails.