Things are really looking up, are they not?
Wall Street Bloodbath: Dow, Nasdaq Plummet as Renewed Recession Fears Trigger Global Sell-Off
Why is it that when the US sneezes – the world catches a cold?
Let us look into that….
I know the following will come as a galloping shock to everyone with an IQ above nine on a warm day. <Sarcasm>
A government that incurs massive debt predicated upon fake money – while doing nothing at all about it? While instead focusing its efforts on all the wrong things?
Isn’t a government that will be around forever.
The US government has been dancing on a razor’s edge for many decades now. Going all the way back to at least April 20, 1933 – when it went off the gold standard for its currency.
Ever since, our money has been nothing more than a promissory note – predicated upon nothing.
Staving off inevitable disaster – has been the US economy being the best on the planet. Which meant the planet would continue using the fake US dollar as its default currency. Which continued to prop up the fake dollar.
But that’s a closed circle – that eventually closes in upon itself.
Once the dollar became technically worthless – the die was cast. Well, the dice – and they will eventually come us snake eyes.
Fake money – inevitably devalues. Because duh:
“$1 in 1933 is equivalent in purchasing power to about $24.17 today – an increase of $23.17 over 91 years.
“The dollar had an average inflation rate of 3.56% per year between 1933 and today, producing a cumulative price increase of 2,316.73%.”
That inflation explosion – bodes poorly for an economy.
The US government going to fake money – meant it could print fake money. Because it’s not responsible for coming up with the gold (or whatever) to back up the new dollars.
Government dollars not tethered to reality – allow government to engage in all sorts of nonsense not tethered to reality.
The New Deal. The Great Society. Obamacare. Business bailouts. Bank bailouts. “Free”…everything.
We’ve suffered nearly a century of massive government expansions – piled upon massive government expansions.
And why wouldn’t government expand itself in perpetuity? The money they’re spending – is meaningless.
Want to spend more? Print more. Tax more. Repeat….
Guess what that does to the dollar?
Guess what that does to the economy?
An economy predicated upon fake money – is going to become less and less impressive.
In the 1950s a single income family could comfortably afford life, food, a home – and college for all of its kids. All by itself – all without government “assistance.”
Because we were then much earlier in the fake dollar implosion process.
Now 20-somethings work seventy hours a week – and can’t afford food or to move out of their parents’ house.
Because we are now much farther along in the fake dollar implosion process.
As the US economy implodes – so too does the world’s confidence in the US dollar they have all been using. And then this starts happening….
Nearly 20 More Countries Set to Permanently Ditch Dollar in 2024
Because they are tired of getting a cold every time the US sneezes.
When the world moves into the Post-Dollar Era? The US’s disintegration – increases exponentially.
Great news all the way round.
Is the US government doing anything – anything at all – to close the gaping wounds it has inflicted upon US?
Heavens no.
The US National Debt Just Surpassed Another Milestone: $35 Trillion
The 2020 US Federal Deficit Is a Record $3.1 Trillion
US Budget Deficit Hits $2.77 Trillion in 2021
U.S. Deficit $1.4 Trillion in 2022
The National Budget Deficit Was $1.7 Trillion in Fiscal Year 2023
That’s an additional $8.97 trillion in debt – in just the last four years.
And we continue to hurtle in the wrong direction….
Projected 2024 Deficit: $2+ Trillion
December 18, 2021 – 80% of All US Dollars in Existence Were Printed in the Last 22 Months (From $4 Trillion in January 2020 to $20 Trillion in October 2021)
Have we rolled any of that back? Heavens no – we’ve expanded it further still…:
“Currency in circulation was $2.35 trillion in June of 2024….”
That’s the US government being fundamentally unserious with our money – and its supply.
It’s been just as unserious about everything else.
As the US government destroys…everything – things get worse and worse for the average US citizen.
New Jobs Numbers Raise Alarm Bells on Recession Risk
More Workers Find Their Wages Falling Even Further Behind Inflation
So then this happens….
Graphics Show How Americans’ Total Credit Card Debt Reached Record High
And then this happens….
The Broad, Continuing Rise in Credit Card Delinquency
Is the US government looking even at a little at the Big Banks – to whom average Americans are in debt and defaulting?
Heavens no. Because the Big Banks and Big Government – are too busy colluding against US.
Did Banks Hand Private Financial Data to the FBI Without Legal Process?:
“Banks routinely snitch on customers and even deny services to people politicians don’t like.”
Financial Institutions Using ESG Social Credit Scores to Coerce Individuals, Small Businesses
Bank of America Boycott Calls Grow After MAGA Accounts Closed
What is the government doing instead? Going after one of the few tiny Big Bank competitors still standing….
Payday Lenders Aim to Evade Federal Probes
And this is not a new Big Gov-Bank collusion phenomenon….
August 8, 2013 – Six Federal Agencies Are Investigating Online Payday Lenders
ALL of the above – and much more?
Is because the US stopped being a serious nation – a LOOOOOONG time ago.