Congress is going to pass wild spending package after wild spending package, and the Fed is just going to continue to pump billions upon billions of fresh dollars into the financial system.
This is the greatest financial bubble in the history of the world, and it will be fascinating to watch how long it can last before it finally implodes.
Michael Snyder
August 11, 2021
I Feel Like I Am Living In Crazytown
[For certain values of “fascinating”.
Prepare appropriately.—Joe]
Can’t tell if it is malice or stupidity. I mean the democrats are pretty stupid when it comes to economics but this looks like deliberate actions to destroy the United States and crush its economy and population so irrecoverably that they can get the communist utopia they want. And then if we are all not killed by then watch it fall apart in less than 5 years.
It’ll get real when the market doesn’t buy the “full faith and credit” thing any more and demands that plots of national forest land are lodged as collateral for debt.
Then again, such collateral won’t be any good once the states realize that those “Federal lands” were never “Purchased by the Consent of the Legislature of the State…” nor were they “for the erection of Forts, Magazine, Arsenals, dock-Yards, and other needful buildings”
In other words, when the Communists describe those places as “stolen land” they are actually correct, but not in the way they planned.
This isn’t Crazytown. The disconnect comes in thinking everyone else is on board with making the world a good place for all the boy’s and girls.
But if your evil to the core. The plan couldn’t be working better.
The real problem is we keep thinking the Marquis de Sade of Pedo, is here to help us enjoy life. He ain’t.. Don’t think Robert Mugabe enjoyed almost everyday of turning Rhodesia in Zimbabwe?
It isn’t Crazytown, If I’m big enough to get zero interest loans to purchase homes after my friends enforce a rent moratorium, but not a mortgage moratorium. It’s working just fine.
What is Crazytown is the way we look at those that lord over us. Hilter was a piker compared to this crew.
If the definition of insane is trying the same thing over and over again. And Thinking you’ll be getting the different results. Were failing the scientific method big time, folks.
Of course anyone using it would know Keynesian economics was a shell game from the start. And now we find ourselves at the end of the cycle Von Mise’s and Hayek predicted, quite easily I might add, again.
No Crazytown, Evilville. We need to wake-up and smell the brimstone already.
It’s amazing how prescient James Wesley Rawles fictional survival book “Patriots : A Novel of Survival in the Coming Collapse “ nailed this prediction of feckless political actions leading to hyperinflation followed by a general supply chain disruption and eventually, war. When I first read the novel in 2009 the idea that the US would succumb to Weimar style inflation was unbelievable to me. I guess Rawles was a pretty darn good Intel puke. I don’t agree with everything in the book but still recommend it for instruction, entertainment and most importantly to expand the thought process a bit.
The ONLY reason the house of cards that is the US Economy hasn’t collapsed already is becasue NO OTHER COUNTRY has an economy that is healthy enough to step up and take our place. And the criminals in charge are getting fat and rich taking advantage of that fact. But eventually what cannot continue will not….and
the insanity of our debt WILL come crashing down. And the WHOLE WORLD will suffer massively when it happens. Collapses of such a magnitude invariably bring
war…..LOTS AND LOTS of war.