THE CRASH WILL BE SPECTACULAR

https://www.theburningplatform.com/2023/11/22/the-crash-will-be-spectacular/

Very intelligently written by the man.
And for anyone with a brain, of course, it is clear what awaits the US and the entire "Western World".
Collapse is inevitable. Economically, the West is degenerating at an unprecedented rate; militarily, the West is, as the Chinese say, a paper tiger that even Afghan shepherds can kick out with hoes; culturally and morally, the West is a cesspool.....
In general, get ready for chaos, rising crime and.... quite possibly civil war.

 

Oh dear.

 

For example, they are both against changing the sex of the baby. That's a terrible crime for you. Isn't it?

 

The graph indicates a rise from 550 billion dollars per year interest payments at the start of
the Biden disaster, to exceed 800 billion dollars per year at the start of 2023,

People have been very critical of the lack of financial wisdom in the Biden Administration
but this begins to show how bad the problem actually is.

 

The other side is how we are doing in the world financial markets:
1. Keeping a good working relationship with Saudi Arabia is obvious, no fist bumps we hope,
basis of the petrodollar
2. Continuing to allow all world energy trade to be done in dollars, with countries such as Russia
which has the World's largest gas reserves.
3. Remaining on good terms with large holders of treasuries such as China, no threats of war we
hope, and what was the world's number one economy in current account surplus, Germany, not
destroying their Nordstream energy supply.

 

Such as?

 

LOL, an anomymous blog who gives uneducated opinions on world events with no basis or fact. Look, people have predicted, mush like evangelicals predicting who the anti christ is, on our economy crashing and burning for over two decades now. And not one was right on the money. So, this person, whoever that person is, who does not have the cajones to put name to paper, thinks he can prove a crashed economy based on our national debt? He, or she, does not understand our economy works or how resilient it is over time and time again.

 

Yes. And it's obvious to anyone with a brain. But the problem is that the policy makers in Washington have no brains. They're idiots. So they impose sanctions against Russia, call the head of China a dictator right in the negotiations, and act like mad monkeys, destroying everything around them.

 

1. We can move from fossil fuels to green energy more and not be so reliant on Saudi Arabia. Or we can develop more refineries and green energy production so that we don't have to rely on Saudi Arabia or be in their good graces.
2. Well, we have sanctions against Russia and Russia has joined BRICS which wants to have an alternative to the US dollar as the world's economy. Furthermore, China has proposed such a thing with the RMB and Saudi Arabia is interested as well, but if we develop more green energy to produce electricity and strengthen our grid on multiple sources of energy input, then this won't matter to us, but definitely to the rest of the world. However, your belief is that the rest of the world should be left to the wolves to defend themselves.
3. China is already beginning to dump part of its large T Bills it has acquired. This will mean either other nations or the US Treasury Department will purchase them up. It will not have that much of an effect on our economy or the strength of the US dollar abroad though.

 

What happens if you refuse to pay income taxes?

The IRS is hiring special agents prepared to use 'deadly force' if needed...


https://www.businessinsider.com/irs-hiring-special-agents-prepared-use-deadly-force-2023-4

 

You hit them with this before Media Matters distributed their talking points. "But Putin!" is their placehold point until they get instructions on how to respond.

Not to quibble, but the current deficit is $1.7T not $2T



Which I understands rounds to 2 but isn't two.

Anyway, we'll either change course or crash, and I'm hoping for change course. Frankly it's up to the balance of the American People. If they want spending cut, they need to elect more legislators committed to cutting spending. Right now, NO House Dems are committed to the budget, and 22 of the GOP in the House are more committed to spending than they are to stopping this slide.

 

They play at the margins, they are not in a position to replace the Dollar.

And using the proceeds to buy US agency debt.

 

Ahahaha... The Russians are leaving Afghanistan and the Afghans are seeing them off with respect and honor. Najibula's regime, after the Russians left, lasted another three years.


Now tell me how the Afghans kicked out the US and all of NATO with hoes (the Russians did not supply the Taliban with weapons for the war against NATO. Unlike the Americans)

 

Ahahaha... Apparently you are a great expert in economics and foreign policy. Maybe you can tell us your view of the development of events?

 

Bravo!

 

Wow that’s a stretch even from someone of your caliber. What do you mean exactly by “changing the sex of the baby”?

Where is this happening? Before you begin, please note that “baby” is typically classically defined as being between birth and 1 year old — is your country having issues here because in mine it is expressly illegal and not done.

 

The mujahedeen kicked your asses, and eventually kicked you out of the country.

Respect and honor. LOL. And you even provided a picture with people laughing at fleeing muscovites

 

You don't need to make an excuse.

 

And yet you were all worried that they would replace the dollar not too long ago with your posts about when BRICS was expanded.

If they are buying US Agency debt then they are buying T Bills, T Notes, and T bonds, but they are selling their T Notes and T Bonds. Buying T Bills, Notes, and Bonds is how our system works in financing US government debt and based on your graph, they are declining with T Notes and Bonds with T Bills remain constant. Now agencies may be within China as they issue their own debtand that has been consistent based on the graph Equities and Corporate bonds are also both but it looks like more corporate bonds is what they are focusing on.

 

Ahahaha....

 

YOu are obviously not, but then again, the website you used offered no hard math, just doom, gloom and fear mongering praying that the US economy will fail. YOu are wanting your legally blond moment from TV.

I do have some knowledge on the subject but I would not call myself an expert. But I can point to experts who can disagree with you. What would you do then? Call them Jews?

 

Almost like Window Avoider and Earthly Short Timer Vladdie has funded, aligned and stoked far right wing fascists and authoritarians to sell out his greatest fear, democracy and freedom. Do you think he will succeed before the Grim Reaper punchs his ticket?!

 

That seems to be all you are doing.

Now answer the question, is changing the sex of infants under the age of 1 an issue somewhere?

Covid and the Russian war really messed up the propaganda coming out of that third world hell hole didn’t it? Y’all never recovered.

 

I continued to study the issue. Were China and India to become allies, another look would be in order, but that's not on the table, today.

60% of global reserves are in the dollar. 88% of international transactions are in the dollar. BRICS doesn't even have a central bank. It's your claim, you tell us how the BRICS are going to replace the dollar.

 

But they're Jewish?

By the way, Moody's Investors Service lowered its outlook on Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. from stable to negative, but the stocks rose Tuesday amid weak inflation data.
The major news networks really didn't report it much.
Why is that?
Wells Fargo just permanently closed 13 branches in one week....
According to a report just released by the Federal Reserve, the credit denial rate has risen significantly over the past year.... https://www.newyorkfed.org/newseven...ates among applicants,its 2019 level of 17.6%.
Secondary market home sales in the United States fell to their lowest level since 2010,... https://finance.yahoo.com/news/us-existing-home-sales-slump-150225920.html
And just as during the Great Recession, consumers are beginning to cut back on their spending across the board,... http://theeconomiccollapseblog.com/...le-as-we-head-into-the-final-stretch-of-2023/
Why is that?