One can only hope. Economic reset incoming. Derivatives bubble will collapse. Even that fraction of 1% which is unbalanced represents trillions of dollars. Pandemonium will ensue as systemic counterparty risk bankrupts everyone. When people realize their 401k's have been annihilated and they no longer have anything left to protect, we will finally be at the precipice where all will be ready for change. Everyone will be looking for someone to blame, and the deep state will be vilified and serve that purpose.
It has been a long time coming, but I can finally feel it in the air. Sure, it will be painful for a short period, but I am finally starting to feel genuine hope. Can't wait for the collapse, take back, and rebuild phase to begin. Just wondering what things are really going to look like on the other side...
The default, the vaccine, the lockdowns, the supply chain shutting down, it is all linked. This is going to suck royally for most of the world, massive starvations.
unless:
(1). you own your own land mortgage free, which is probably a very low percentage of folks, just like during the depression. They will kick you out of your house, take your land - they won't care. "Grapes of Wrath" style.
(2). If you are lucky enough to own your land mortgage free, you'll still probably have to pay taxes on it. hopefully, you can make ends meet by working at a gas station, or sell enough vegetables from your garden to pay them until they no longer have the capability (no law enforcement support) to enforce their stupid taxes.
(3). You have employable skills. Sitting at a desk designing rockets on a computer is not an employable skill in the new economy. Neither is being an anesthesiologist - where you gonna get gas / needles / IV's, monitoring equipment? No. employable skills will be: welding, auto repair, communications, surveillance, security, self-defense, machinist, growing stuff, carpentry, etc. The ability to engineer a product like a water filter, or a wind generator out of car alternators and pvc pipe would make you a valuable asset to a community. community organizers are going to be out of luck.
In Pennsylvania, at least, you have to be three years behind on your property taxes for them to list it for tax sale. Then you only have to pay one year to stay off their tax sale list. One year at a time. So three years may buy you some time to come up with money to pay taxes.
Sure, it will be painful for a short period, but I am finally starting to feel genuine hope. Can't wait for the collapse, take back, and rebuild phase to begin.
Just for fun
In your opinion how short a period? And do regular-guy investors need to react by moving their money out of their index mutual funds, or just sit tight and wait for it all to come back—with interest?
(Obvious Disclaimer: not taking financial advice from random strangers on the Internet :)
Not the OP, I'll let them respond for themselves. Answer this question: Why is Blackrock buying up huge amounts of real estate at above (already inflated) market prices right now? I can only assume that Blackrock knows that our current money will have no value soon but real assets will. No matter what currency system awaits on the other side of the reset, hard assets will always have a relatively consistent value when compared to the economy in general.
That's right. Paper is well, paper. Real assets, ie. real estate, gold and silver, will maintain value as they have throughout history. Paper or electronic bets, not so much...
Do you mean stocks in companies that own or mine precious metals, or the hard asseet itself? SIlver and gold can be manipulated down, as has been all our lives, but they cant suppress it forever, and if inflation happens like it would in a bad economic situation, the hard assets will go up in value, but if just have paper in say SLV, probably be fairly worthless, in my uneducated crayon eating hominid mind. Almost any paper you can buy on robinhood, probably not worth buying in a collapse situation. Stronger argument for PSLV (cant buy on robbinghood) but I believe that fund just holds physical silver.
Hoping my tendies will moon before dollars take a back seat to shiny beads and wampum, so i can load up even more on hard assets. If precious metals are good investments, imagine what value firearms and associated products, plus medicines and eventually food/safe water will be worth.
I dont know how bad it will be but it will have to be bad enough for the People to retake power for themselves. Is there miliatry/special govt ops that may have been preparing for commie takeovers and deep corruption for many years? I think so, but freedom is not real unless it is earned.
just a guy and 1 opinion, but unless you're actively involved in some GME-like effort to take down the cabal, get out of their game. buy real tangibles...land, physical gold/silver, tractors, anything that will hold it's value and most likely appreciate
i don't know you can avoid unless some way to defer tax and hope system is obliterated before tax man comes. alternatively there might be a way to keep it out of your reach but invest in physical gold and/or link it to a child or other family member. need a financial guru that's of a patriot mindset for that figuring. many of these types will consult for free on hopes of getting your business and i have lots of friends that are money managers. if i remember I'll ask and you can check back with me in a week or so
? Cap gains are triggered every time you make a profit off stocks or other instruments. Are you saying you dont want to sell stocks permanently, or think it's based off percent of holdings or something?
i think bigger picture we need to get away from allegiance to money and focus on self sustainability individually and as a community. if you know or can learn how to build a house and there's a member of your community that's great at farming for example, help each other out without money. this imho would be the happiest life we could live
In my opinion? 5 years. This will be a bigger economic downturn than the great depression in my opinion, and it took years for TGD to hit bottom and start climbing back up.
Upon JP Morgans death it was discovered that he only owned a percentage of what people thought and was actually just acting on behalf of the Rothschilds.
This is why a business person, like Trump, should be in the White House. The government should be run like a business, in my opinion. Not by career politicians who want to line their own pockets.
Unfortunately the government doesn't attract people who can successfully run a company that deals with cash flow and profits. They just take from those that do succeed. They have no concept of a working balance sheet and where money comes from. Over budget? ok, take more money cause the idea must prevail!!!
The federal government is setup to borrow, spend, tax, and pay interest in that order. You can't run anything like that before the debt crushes everything.
True, but I think they should just do it, raise the debt ceiling since we aren't going to pay that shit anyway, and then when Trump comes back tear it down and fix it in one fell swoop.
If you intend on a financial reset, what does it all matter in the short term?
The system was so far gone that it’s impossible we would have ever been able to pay it back. Every man, woman, child and illegal immigrant in the US would have to pony up $85,000 just to pay it off. I see people frustrated that they are raising the ceiling again but the fact is, the system was already terminal, we can speed up its death or extend it.
Political theater … the US will always raise the debt ceiling and print more money, there is absolutely no other way.
Wealth transfer happens when the Fed prints money.
At the local or personal level, if you know your fiat dollars are depressing in purchasing power by at least 10-15% a year, how will you hedge it? What assets can you buy to protect your wealth?
Some frogs here will say ‘gold, gold, gold’ but these are emotional led decisions, without any understanding on how to invest. Look at the value of Gold the past 10 years, then factor in dollar debasement… you’ve been losing money. Real estate is better, or heaven forbid we start a thread on the dangers of Bitcoin and how it’s a deep state operation … all the while Gold and Silver have been manipulated and controlled by the deep state (and Wall Street) all this time 😂
I am a proponent of gold and silver. I have never bought a single ounce of gold as an investment to make money though. Gold to me and to a lot of people is a hedge against the economy going to shit. In 2008 we should have had a collapse that would have dwarfed the great depression. They printed trillions and kept the system running. Here we are some 13 years later, past the time for another recession and still facing the same systemic issues.
Gold has never gone to 0 in it's 5000 year history and that is why one would want to hold some. Not because it will appreciate in value year over year.
This is an interesting perspective! If we game theory out however, if the economy goes to shit then the assumption is gold would then be the medium of exchange. However there would be no agreement on what the value of the medium is.. today we value gold against the USD (a pair).
You’re now in the barter economy. I much rather we trade things of usable value like food, water, necessities. Will this happen to the America? I highly doubt it, it could be bad but not Venezuela bad. As we believe in the Q program… so we’re assured it won’t get to that point.
So now we’re left with our personal situation and financial decisions. What are you doing with your fiat dollars, knowing that it will lose purchasing power month over month, year over year? This is about wealth transfer …. We must protect what we earn, and grow it … even if it belongs to Caesar ;)
Joe the carpenter has neither but needs both but has gold. Neither Mike nor John need furniture or carpentry services.
Joe and John can work out a solution among them that they believe is fair. There doesn't have to be a market pair to determine value. Individuals can do this themselves as was done for thousands of years before the market speculators, rent seekers, got in the way
John tells Joe “you don’t have anything I need to trade, see you next time”
Joe looks for someone who is in need of his services, trades it for meat.
Joe now has something John needs/wants.
Gold is only useful if what you want to trade is encumbered. So you transfer the ‘value’ into a gold rock … but you could’ve just as easily use shells, or peppercorns, or merchant notes, or fiat. But first you do need an agreement between parties on the proper value of gold, so you need a comparison, and it needs to be backed by some form of trust.
If the value is relative than gold ceases to be ‘money’, it’s just another pretty thing to barter with.
That isn't true because all of those things break down or diminish over time. Gold doesn't. Gold being what it is has intrinsic value itself like the vegetables, or the furniture. Or the most valuable thing of all, your time.
You are arguing that currency is money and it isn't. Those things you list may be usable as a currency, but they are NOT money.
Infinity. Any debt ceiling is just a warm and fuzzy idea to keep the public happy. If a D administration raises it, the Rs raise hell. Then, once an R administration steps in, the Ds raise hell when it is raised. It's all theater. They have no intention to obey it. None.
Yep, they always do…the media gets everybody all worked up and it makes for a good news cycle but in the end they just kick the can down the road once again.
China benefits the most when the US raises the debt limit because they gain more influence/control by funding that debt. Defaulting places economic strain more on China than on the US - meanwhile, inflation is being hidden by the reverse repo market because banks have more money than they know what to do with so the Fed is paying interest on money that they are temporarily "borrowing" back from the banks.
I did not say that China is the only or the biggest funder of our debt, I said that China benefits the most by gaining influence/control by funding the debt - something they have obviously exerted on our government - or do you disagree that China gains the most influence by funding the debt? China currently is second to Japan in foreign ownership of US debt - 1.1+ Trillion vs. 1.2+ trillion respectively. Which is using it to control elements of our government and which is using it as an investment because their economy has been stagnant for 3 decades?
Why does Biden have the nickname "China Joe"?
Ever hear of "China Mitch"?
I concur. Every freaking year it’s always gov shut down gov shut down. Didn’t it actually shut down when trump was in office. I think for like a week or two. Nothing happened. Well trump did say economic collapse. So buckle up.
It's always kabuki theater, but the timing of this coinciding with potential happenings has me curious. If they don't reach the last minute deal it could be significant.
The democrats like to package everything together to pass things they normally couldn't. How many years of continuing resolutions are we on now? Paul Ryan and House Republicans ran on returning to regular order back in 2014 and did nothing.
The debt ceiling is set by law. The 3.5 trillion would put our debt above the debt ceiling which would be illegal. Much of the spending is just going to pay the interest on the debt to keep the US from defaulting, So, all three issues are tied together just by their nature. To directly answer your question: It IS left wing BS to try to force the Republican Party members in Congress (I can no longer just call them Republicans because they really don't stand for a Republican for of government) to cave to the spending to avoid holding the bag on an economic collapse. The Republican Party members in Congress are holding out to get concessions (kickbacks, their share of the pie).
The debt ceiling will be hit without the 3.5 trillion.
I did not dispute this with my reply. The debt ceiling is a made-up number they put out there to make it appear that they are fiscally responsible. Of course they will raise the debt ceiling to continue their charade. The first part of my response was to simply state the narrative they want out there and the tactics they use to reinforce that narrative. Maybe you missed this part of my response:
To directly answer your question: It IS left wing BS to try to force the Republican Party members in Congress (I can no longer just call them Republicans because they really don't stand for a Republican for of government) to cave to the spending to avoid holding the bag on an economic collapse. The Republican Party members in Congress are holding out to get concessions (kickbacks, their share of the pie).
We completely agree. it's all a show. The debt ceiling as always been make believe. They just change whatever inputs they need to change to get the numbers they want.
I may be completely off base here but I think that President Trump and the Q team have dried up their revenue streams to a point where they can no longer pay off everyone they need to pay off to keep the scams going.
Without those dried up funds they will not be able to control the next election.
This 3.5 trillion is ALL about that and nothing else.
Imagine if the Trump admin made it impossible to increase the debt ceiling, but the Biden admin isn't aware and will try to pass the bill. I doubt it, but would be crazy.
While none of us like the banks, rooting on a collapse that will hurt millions of americans that have worked very hard for their money seems pretty freaking ridiculous.
The system will collapse one way or another. It is inevitable.
The current system must either collapse before the cabal is ready (i.e. soon) or the cabal will collapse it themselves and usher in the great reset. Since the latter cannot happen we HAVE to root for the former.
This happens all the time, they will close museums, they will stop paying military families, and they will stop all the things that will cause new headlines, the politicians and the FBI and all the agencies will continue without pause. This has happened so many times, nothing is going to change. Pressure will mount and the GO will fold so Sgt Smith get's his paycheck back.
This is just bullshit fear mongering to reduce asset prices so they can gobble them up cheap. How many times have we heard this crap about government not raising the debt ceiling? Lol. Every time they create an issue then destroy stock prices and a few weeks later those very assets are at all time highs, which is always owned by a few players such as Black rock, Vanguard, JPMC etc
Just throwing it out there, but "Q" has always been the Wall Street symbol for "Bankrupt" and is added to bankrupted companies stick tickers when they default.
This has crossed my mind several times lately as defaulting the money behind globally powerful nefarious people is probably the only way to cut off all the heads off that hydra simultaneously.
Thank you, Dimon—I had to confirm with the fraud department of his bank regarding a large sum transfer to my credit union. Hahaha. Crash and burn, MFers!
I am praying for a economic reset but I’m for seeing these jerks raising the debt ceiling. It’s Monopoly money. Just keep moving the goal post right? What’s stopping the movement of the goal post this time?
It is really good to know that people have already seen this play run over and over again. Do we fall for their tactics again?
Perhaps the [DS] an cabal are pushing out everything they can as a final gasp before being wiped out for good. If they continue fucking around with the good, honest people of America, they will surely find out what will happen when they’ve gone too far.
Does anyone else need some more popcorn? Happy October, frens and pedes.
One can only hope. Economic reset incoming. Derivatives bubble will collapse. Even that fraction of 1% which is unbalanced represents trillions of dollars. Pandemonium will ensue as systemic counterparty risk bankrupts everyone. When people realize their 401k's have been annihilated and they no longer have anything left to protect, we will finally be at the precipice where all will be ready for change. Everyone will be looking for someone to blame, and the deep state will be vilified and serve that purpose.
It has been a long time coming, but I can finally feel it in the air. Sure, it will be painful for a short period, but I am finally starting to feel genuine hope. Can't wait for the collapse, take back, and rebuild phase to begin. Just wondering what things are really going to look like on the other side...
https://greatawakening.win/p/11SKC18YHy/they-rape-children--yawn--they-k/
The default, the vaccine, the lockdowns, the supply chain shutting down, it is all linked. This is going to suck royally for most of the world, massive starvations.
Yes.
unless: (1). you own your own land mortgage free, which is probably a very low percentage of folks, just like during the depression. They will kick you out of your house, take your land - they won't care. "Grapes of Wrath" style.
(2). If you are lucky enough to own your land mortgage free, you'll still probably have to pay taxes on it. hopefully, you can make ends meet by working at a gas station, or sell enough vegetables from your garden to pay them until they no longer have the capability (no law enforcement support) to enforce their stupid taxes.
(3). You have employable skills. Sitting at a desk designing rockets on a computer is not an employable skill in the new economy. Neither is being an anesthesiologist - where you gonna get gas / needles / IV's, monitoring equipment? No. employable skills will be: welding, auto repair, communications, surveillance, security, self-defense, machinist, growing stuff, carpentry, etc. The ability to engineer a product like a water filter, or a wind generator out of car alternators and pvc pipe would make you a valuable asset to a community. community organizers are going to be out of luck.
How about plumbers? My husband is an HVAC man.
well, AC might not be a luxury folks can afford if electricity goes all California/Texas on us.
But my theory is that it was plumbers and clean water that eradicated most diseases, not vaxxines....But I digress...
If the people who own my house no longer exists who takes my house?
I'm sure the gov. will think of someone....
Australia is a great example of how much you can push people around. A lot, apparently.
thousands of haitians are standing by... ready to replace you!
In Pennsylvania, at least, you have to be three years behind on your property taxes for them to list it for tax sale. Then you only have to pay one year to stay off their tax sale list. One year at a time. So three years may buy you some time to come up with money to pay taxes.
Just for fun
In your opinion how short a period? And do regular-guy investors need to react by moving their money out of their index mutual funds, or just sit tight and wait for it all to come back—with interest?
(Obvious Disclaimer: not taking financial advice from random strangers on the Internet :)
Not the OP, I'll let them respond for themselves. Answer this question: Why is Blackrock buying up huge amounts of real estate at above (already inflated) market prices right now? I can only assume that Blackrock knows that our current money will have no value soon but real assets will. No matter what currency system awaits on the other side of the reset, hard assets will always have a relatively consistent value when compared to the economy in general.
That's right. Paper is well, paper. Real assets, ie. real estate, gold and silver, will maintain value as they have throughout history. Paper or electronic bets, not so much...
Do you mean paper bets like silver and gold that are getting pounded as we get closer to Oct? It may be closer to the moon than we think.
Do you mean stocks in companies that own or mine precious metals, or the hard asseet itself? SIlver and gold can be manipulated down, as has been all our lives, but they cant suppress it forever, and if inflation happens like it would in a bad economic situation, the hard assets will go up in value, but if just have paper in say SLV, probably be fairly worthless, in my uneducated crayon eating hominid mind. Almost any paper you can buy on robinhood, probably not worth buying in a collapse situation. Stronger argument for PSLV (cant buy on robbinghood) but I believe that fund just holds physical silver. Hoping my tendies will moon before dollars take a back seat to shiny beads and wampum, so i can load up even more on hard assets. If precious metals are good investments, imagine what value firearms and associated products, plus medicines and eventually food/safe water will be worth. I dont know how bad it will be but it will have to be bad enough for the People to retake power for themselves. Is there miliatry/special govt ops that may have been preparing for commie takeovers and deep corruption for many years? I think so, but freedom is not real unless it is earned.
just a guy and 1 opinion, but unless you're actively involved in some GME-like effort to take down the cabal, get out of their game. buy real tangibles...land, physical gold/silver, tractors, anything that will hold it's value and most likely appreciate
Again, the hundred grand capital gains tax - how to avoid?
Aren't there IRA's that are backed by precious metals or land investment? If so, you could move your portfolio into these tax free I think.
I've read the precious metal backed IRAs are a scam. If you can't hold it, you don't own it. Just a word of caution.
It's worth a healthy wariness for sure.
i don't know you can avoid unless some way to defer tax and hope system is obliterated before tax man comes. alternatively there might be a way to keep it out of your reach but invest in physical gold and/or link it to a child or other family member. need a financial guru that's of a patriot mindset for that figuring. many of these types will consult for free on hopes of getting your business and i have lots of friends that are money managers. if i remember I'll ask and you can check back with me in a week or so
? Cap gains are triggered every time you make a profit off stocks or other instruments. Are you saying you dont want to sell stocks permanently, or think it's based off percent of holdings or something?
i think bigger picture we need to get away from allegiance to money and focus on self sustainability individually and as a community. if you know or can learn how to build a house and there's a member of your community that's great at farming for example, help each other out without money. this imho would be the happiest life we could live
In my opinion? 5 years. This will be a bigger economic downturn than the great depression in my opinion, and it took years for TGD to hit bottom and start climbing back up.
If my memory is correct; Mr. JP Morgan was one of the original members of the cabal that was FOR a central bank.
Upon JP Morgans death it was discovered that he only owned a percentage of what people thought and was actually just acting on behalf of the Rothschilds.
Yep!
Okay, who’s plan? Q’s or Klaus Schwab? Things never feel as bad in theory as when they are real.
Raising the debt ceiling is like borrowing more money to meet the interest payments on your credit card debt. It bites its own tail.
And if you can't run a business (or a household) that way, then the government should not be run that way.
This is why a business person, like Trump, should be in the White House. The government should be run like a business, in my opinion. Not by career politicians who want to line their own pockets.
Unfortunately the government doesn't attract people who can successfully run a company that deals with cash flow and profits. They just take from those that do succeed. They have no concept of a working balance sheet and where money comes from. Over budget? ok, take more money cause the idea must prevail!!!
The federal government is setup to borrow, spend, tax, and pay interest in that order. You can't run anything like that before the debt crushes everything.
True, but I think they should just do it, raise the debt ceiling since we aren't going to pay that shit anyway, and then when Trump comes back tear it down and fix it in one fell swoop.
As much as I would love the FED gone, they will raise the debt just as they have done for decades and life will go on.
Not if white hats are in control of FED now.
But it's MUCH better to allow Biden to be blamed , rightfully so... thenTrump comes in and rescues the sleeping masses
But it's not just Trumo raising it. He had to work with the Congress he had. They tied his hands on a lot of good things.
No, it was Pelosi and her bunch of scheming traitors. They fought him at every turn. But yeah, I'm sure RINOs didn't help.
If you intend on a financial reset, what does it all matter in the short term?
The system was so far gone that it’s impossible we would have ever been able to pay it back. Every man, woman, child and illegal immigrant in the US would have to pony up $85,000 just to pay it off. I see people frustrated that they are raising the ceiling again but the fact is, the system was already terminal, we can speed up its death or extend it.
It's around 500k for all liabilities, not 85k.
Political theater … the US will always raise the debt ceiling and print more money, there is absolutely no other way.
Wealth transfer happens when the Fed prints money.
At the local or personal level, if you know your fiat dollars are depressing in purchasing power by at least 10-15% a year, how will you hedge it? What assets can you buy to protect your wealth?
Some frogs here will say ‘gold, gold, gold’ but these are emotional led decisions, without any understanding on how to invest. Look at the value of Gold the past 10 years, then factor in dollar debasement… you’ve been losing money. Real estate is better, or heaven forbid we start a thread on the dangers of Bitcoin and how it’s a deep state operation … all the while Gold and Silver have been manipulated and controlled by the deep state (and Wall Street) all this time 😂
I am a proponent of gold and silver. I have never bought a single ounce of gold as an investment to make money though. Gold to me and to a lot of people is a hedge against the economy going to shit. In 2008 we should have had a collapse that would have dwarfed the great depression. They printed trillions and kept the system running. Here we are some 13 years later, past the time for another recession and still facing the same systemic issues.
Gold has never gone to 0 in it's 5000 year history and that is why one would want to hold some. Not because it will appreciate in value year over year.
This is an interesting perspective! If we game theory out however, if the economy goes to shit then the assumption is gold would then be the medium of exchange. However there would be no agreement on what the value of the medium is.. today we value gold against the USD (a pair).
You’re now in the barter economy. I much rather we trade things of usable value like food, water, necessities. Will this happen to the America? I highly doubt it, it could be bad but not Venezuela bad. As we believe in the Q program… so we’re assured it won’t get to that point.
So now we’re left with our personal situation and financial decisions. What are you doing with your fiat dollars, knowing that it will lose purchasing power month over month, year over year? This is about wealth transfer …. We must protect what we earn, and grow it … even if it belongs to Caesar ;)
Mike has a cow, meat and milk.
John has vegetables and grains.
Joe the carpenter has neither but needs both but has gold. Neither Mike nor John need furniture or carpentry services.
Joe and John can work out a solution among them that they believe is fair. There doesn't have to be a market pair to determine value. Individuals can do this themselves as was done for thousands of years before the market speculators, rent seekers, got in the way
John tells Joe “you don’t have anything I need to trade, see you next time”
Joe looks for someone who is in need of his services, trades it for meat.
Joe now has something John needs/wants.
Gold is only useful if what you want to trade is encumbered. So you transfer the ‘value’ into a gold rock … but you could’ve just as easily use shells, or peppercorns, or merchant notes, or fiat. But first you do need an agreement between parties on the proper value of gold, so you need a comparison, and it needs to be backed by some form of trust.
If the value is relative than gold ceases to be ‘money’, it’s just another pretty thing to barter with.
That isn't true because all of those things break down or diminish over time. Gold doesn't. Gold being what it is has intrinsic value itself like the vegetables, or the furniture. Or the most valuable thing of all, your time.
You are arguing that currency is money and it isn't. Those things you list may be usable as a currency, but they are NOT money.
I don't see them defaulting. They will pass something.
You are correct - They will raise it - their is no way they would try and crash their own money laundering system.
Unless they have no choice
yes yes yes
Bingoooooo
Infinity. Any debt ceiling is just a warm and fuzzy idea to keep the public happy. If a D administration raises it, the Rs raise hell. Then, once an R administration steps in, the Ds raise hell when it is raised. It's all theater. They have no intention to obey it. None.
Yep, they always do…the media gets everybody all worked up and it makes for a good news cycle but in the end they just kick the can down the road once again.
China benefits the most when the US raises the debt limit because they gain more influence/control by funding that debt. Defaulting places economic strain more on China than on the US - meanwhile, inflation is being hidden by the reverse repo market because banks have more money than they know what to do with so the Fed is paying interest on money that they are temporarily "borrowing" back from the banks.
China is not funding our debt. The federal reserve is. They own some 20 trillion of it, I think Japan actually owns more of our debt than China.
I did not say that China is the only or the biggest funder of our debt, I said that China benefits the most by gaining influence/control by funding the debt - something they have obviously exerted on our government - or do you disagree that China gains the most influence by funding the debt? China currently is second to Japan in foreign ownership of US debt - 1.1+ Trillion vs. 1.2+ trillion respectively. Which is using it to control elements of our government and which is using it as an investment because their economy has been stagnant for 3 decades?
Why does Biden have the nickname "China Joe"? Ever hear of "China Mitch"?
Fair enough
China would love the US to default.
China is themselves about to lose trillions.
I concur. Every freaking year it’s always gov shut down gov shut down. Didn’t it actually shut down when trump was in office. I think for like a week or two. Nothing happened. Well trump did say economic collapse. So buckle up.
Seems like I remember one from the past 3-4 presidents.
It's always kabuki theater, but the timing of this coinciding with potential happenings has me curious. If they don't reach the last minute deal it could be significant.
Yep, I'm expecting another deal but maybe things are different now with this being clown world now.
I think so.
Just the usual Bankers' warning to politicians "You play our game are you will get fucked".
Why is the Debt ceiling and the 3.5 trillion spending bill tied together here?
Congress can have a much slimmer bill that takes care of the debt ceiling.
As far as I know NOBODY was very talking about passing the 3.5tillion bill without the debt ceiling being addressed.
They are making it sound like it is the only option. This is a left wing BS position.
My guess is a lot of the 3.5 trillion goes to banks; hence they see them together.
The democrats like to package everything together to pass things they normally couldn't. How many years of continuing resolutions are we on now? Paul Ryan and House Republicans ran on returning to regular order back in 2014 and did nothing.
The debt ceiling is set by law. The 3.5 trillion would put our debt above the debt ceiling which would be illegal. Much of the spending is just going to pay the interest on the debt to keep the US from defaulting, So, all three issues are tied together just by their nature. To directly answer your question: It IS left wing BS to try to force the Republican Party members in Congress (I can no longer just call them Republicans because they really don't stand for a Republican for of government) to cave to the spending to avoid holding the bag on an economic collapse. The Republican Party members in Congress are holding out to get concessions (kickbacks, their share of the pie).
The debt ceiling will be hit without the 3.5 trillion. They are separate yet the article tried to tie them together.
The article is reinforcing the narrative that without the 3.5 trillion everything falls apart.
I did not dispute this with my reply. The debt ceiling is a made-up number they put out there to make it appear that they are fiscally responsible. Of course they will raise the debt ceiling to continue their charade. The first part of my response was to simply state the narrative they want out there and the tactics they use to reinforce that narrative. Maybe you missed this part of my response:
We completely agree. it's all a show. The debt ceiling as always been make believe. They just change whatever inputs they need to change to get the numbers they want.
I may be completely off base here but I think that President Trump and the Q team have dried up their revenue streams to a point where they can no longer pay off everyone they need to pay off to keep the scams going.
Without those dried up funds they will not be able to control the next election. This 3.5 trillion is ALL about that and nothing else.
Fear mongering to get congress to raise the debt ceiling.
I cannot think of a better time in history to shut down the federal government.
Shut down the Corp!
Open the Republic!
It could be that this story and others like it are there to pressure Republican's into jumping on board.
Imagine if the Trump admin made it impossible to increase the debt ceiling, but the Biden admin isn't aware and will try to pass the bill. I doubt it, but would be crazy.
For people who aren’t paying attention there is also risk that the Chinese economy will collapse at the same time.
Sweet. Maybe chase will go under and my mortgage will go 💥💥💥
A pede can dream...
Absolutely
They say this every time they wanna throw more cash on the card. Means nothing
The credit cards are maxed out folks....
30 years ago...
While none of us like the banks, rooting on a collapse that will hurt millions of americans that have worked very hard for their money seems pretty freaking ridiculous.
The system will collapse one way or another. It is inevitable.
The current system must either collapse before the cabal is ready (i.e. soon) or the cabal will collapse it themselves and usher in the great reset. Since the latter cannot happen we HAVE to root for the former.
This happens all the time, they will close museums, they will stop paying military families, and they will stop all the things that will cause new headlines, the politicians and the FBI and all the agencies will continue without pause. This has happened so many times, nothing is going to change. Pressure will mount and the GO will fold so Sgt Smith get's his paycheck back.
He has an apt last name.
You want to wake up the normies erase 401ks and social security payments and the streets will be flooded with people demanding answers.
Take it all down
Also what is the next day? Oct 19, which comes out as 10-19, take out the 0 and we have 119 mirror is 911, we know how they LOVE thier numerology
This is just bullshit fear mongering to reduce asset prices so they can gobble them up cheap. How many times have we heard this crap about government not raising the debt ceiling? Lol. Every time they create an issue then destroy stock prices and a few weeks later those very assets are at all time highs, which is always owned by a few players such as Black rock, Vanguard, JPMC etc
“You are watching the destruction of the old guard” or whatever the hell the quote is lol, either way the deep state is fucked.
We are the plan. Bv there is no other says jeffrey prather.
Just throwing it out there, but "Q" has always been the Wall Street symbol for "Bankrupt" and is added to bankrupted companies stick tickers when they default.
This has crossed my mind several times lately as defaulting the money behind globally powerful nefarious people is probably the only way to cut off all the heads off that hydra simultaneously.
If one has half a million in index funds and moves it to a safe haven, out of fear, one incurs a monstrous capital gains tax. How to avoid?
October 18th? I'm fairly certain he meant the 17th.
Someone fucked up the script for our movie!!!
Oh shit... now I really gotta leave chase
Thank you, Dimon—I had to confirm with the fraud department of his bank regarding a large sum transfer to my credit union. Hahaha. Crash and burn, MFers!
I would recommend doing it before it’s too late.
The crash needs to happen. It's part of the plan.
I am praying for a economic reset but I’m for seeing these jerks raising the debt ceiling. It’s Monopoly money. Just keep moving the goal post right? What’s stopping the movement of the goal post this time?
Have you never heard of this before?
They do the same stupid political theater dog & pony show pretty much every year or two; whenever this comes up.
No, the gov is never going to fail to raise the debt ceiling. Never have, never will.
Anyone wanna chime in on what they think the crypto market will do when this happens?
Go up lol
It is really good to know that people have already seen this play run over and over again. Do we fall for their tactics again?
Perhaps the [DS] an cabal are pushing out everything they can as a final gasp before being wiped out for good. If they continue fucking around with the good, honest people of America, they will surely find out what will happen when they’ve gone too far.
Does anyone else need some more popcorn? Happy October, frens and pedes.
This is RED OCTOBER.
Say goodbye to all Central Banking, i.e. The Federal Reserve Banks everywhere. They are the lifeblood and muscle of the Cabal.
How about we let it collapse? Some people may have to lose some of their “comforts” like the rest of us bc it is not sustainable anymore.