One of the very many reasons I evacuated allegedly First World United States – for far friendlier Third World Belize?
It is better to live in a failed state – than a failing state.
Failed state existence – is relatively smooth (and really inexpensive). You’re bouncing along the bottom – and have a more-than-minimal idea of what to expect going forward. And there’s pretty much nowhere to go – but up.
Failing state existence – is a rocky, unsettling ride.
But one example of the US’s failing state turbulence?
The inflation-interest rate whipsaw to which the federal government will be subjecting us – until the whole country comes crashing down.
The federal government owes almost $34 trillion. To cheat their creditors – The Feds inflated the money supply. Cheapening the value of the dollar – thereby cheapening the price of their debt.
Except we have these pesky US citizens – who don’t like paying a dollar for an egg and four dollars for a gallon of gasoline.
So The Feds smother the economy – with their interest-rate-increase pillow.
Slowing the economy to a crawl, you see, reduces inflation.
Never mind that a far better way would be to reduce government spending, taxes and regulations – thereby growing the economy.
Thereby providing a larger money pool – in which the inflated dollars would be better and more easily diluted.
And thereby employing – rather than un-employing – tens of millions of those pesky US citizens.
But The Feds will never relinquish control of anything – let alone everything. So we only get massive interest rate hikes.
Except The Feds owe almost $34 trillion – on which they must pay interest. The rates of which – they have just jacked.
Almost $17 trillion of our debt – must be refinanced in the next three years. Which means we’ll go from paying 1-3% interest – to 5-8% interest.
The Feds will very soon be paying more than $1 trillion per year – just to service their debt. And there’s absolutely nowhere to go – but up.
So to cheat their creditors – The Feds will inflate the money supply…..
Lather, rinse, repeat…until the country implodes.
Of course the inflation-induced interest rate hikes are devastating for those pesky US citizens – in many more ways than just the skyrocketing government debt they collectively owe.
To wit: As the economy implodes – credit card debt explodes. Because even though those pesky US citizens don’t have gigs – they still need to eat and pay rent. Hunger and landlords are pesky.…
Americans’ Credit Card Debt Hits a Record $1 Trillion – August 8, 2023
On which these indebted Americans – are paying the government-caused skyrocketing interest rates.
But fear not – the government is riding to the rescue. Except it’s of the Big Banks – that are profiting on the record credit card debt and skyrocketing interest rates.
About the only impediment to the Big Banks’ total domination of the financial sector – are tiny payday lenders.
You know: Those little storefronts in strip malls in the poorest parts of the country. Where the Big Banks wouldn’t be caught dead – let alone lending money.
Payday lenders loan the poorest of us pesky US citizens small amounts of money – for small amounts of time.
You need new tires for the car you need to get to work – and don’t have the cash? Payday lenders float you until…payday. Hence the name.
But Big Government – exists to serve their Big Business cronies.
So the federal Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) – are relentlessly, incessantly hounding payday lenders.
And state governments like New Mexico? Are – get this, now – capping payday lender interest rates.
So: Big Government can raise interest rates. And Big Banks can raise them right along with Big Government.
But tiny payday lenders – are getting rate capped.
Because Big Government is looking to murder tiny payday lenders – in further service of the Big Banks.
Aren’t fake free markets fun?
So, you pesky US citizens better buckle up.
It only gets bumpier from here on out….