Thank you, for posting. People need to understand the dangers we face based on the reckless vote buying, er “spending,” of both parties. This is a helpful start, especially since so few people care to learn history.
A glimpse at our future in the U.S. unless, somehow, the tide is turned by policies that tighten the belts of spending by administrations whose platforms are geared toward power and control by the elites. Your treatment of this issue is welcome and sorely needed to awaken a citizenry to the seriousness of how dire the situation could become. Sharing . . .
The odds of us avoiding hyperinflation went to zero when Obama pulled off the "monetizing the debt" scam. As the cost of servicing our debt approaches $1 Trillion per year, our ability to do anything without paying for it with watered down currency is disappearing. I'm pessimistic that we will have a global panic/depression fairly soon as we cannot vote against Santa Claus. Musk was furious about the OBBB because it raised the debt ceiling, again, but Trump knows you can't win elections without doing that, and if the Dems get back in control and they will make everything much worse as they buy off their voting base. I don't see a path out of this quagmire.
There is a path, but it requires lots of belt tightening and pain. So much so that it wouldn't be politically possible unless there was fairly universal agreement that it needed to be done, which isn't going to happen. Beyond that, we just keep the printing presses going until we slam into a wall, there's an economic collapse and we endure an extraordinary amount of suffering that probably spreads all over the globe.
The productive capability of the US including our abundant natural resources isolates us from high inflation except for corporate consolidation, corporate profit maximization and corporate primacy that are all out of control.
Thank you, for posting. People need to understand the dangers we face based on the reckless vote buying, er “spending,” of both parties. This is a helpful start, especially since so few people care to learn history.
A glimpse at our future in the U.S. unless, somehow, the tide is turned by policies that tighten the belts of spending by administrations whose platforms are geared toward power and control by the elites. Your treatment of this issue is welcome and sorely needed to awaken a citizenry to the seriousness of how dire the situation could become. Sharing . . .
The odds of us avoiding hyperinflation went to zero when Obama pulled off the "monetizing the debt" scam. As the cost of servicing our debt approaches $1 Trillion per year, our ability to do anything without paying for it with watered down currency is disappearing. I'm pessimistic that we will have a global panic/depression fairly soon as we cannot vote against Santa Claus. Musk was furious about the OBBB because it raised the debt ceiling, again, but Trump knows you can't win elections without doing that, and if the Dems get back in control and they will make everything much worse as they buy off their voting base. I don't see a path out of this quagmire.
There is a path, but it requires lots of belt tightening and pain. So much so that it wouldn't be politically possible unless there was fairly universal agreement that it needed to be done, which isn't going to happen. Beyond that, we just keep the printing presses going until we slam into a wall, there's an economic collapse and we endure an extraordinary amount of suffering that probably spreads all over the globe.
The productive capability of the US including our abundant natural resources isolates us from high inflation except for corporate consolidation, corporate profit maximization and corporate primacy that are all out of control.