I understand your ‘Angst’, but it really is quite simple. Our ‘Goverment’(Treasury) issues BONDS to finance our government (military, foreign aide, all that 3 letter shit). These TREASURY BONDS (30 years note) and BILLS (not important to discuss now) are what we all call our DEBT. A BOND is like a savings account with a fixed amount (usually in the $1000s, an INTEREST RATE, and an EXPIRATION (anywhere from 2 to 30 years). They sell those BONDS on the ‘Open Market’ to corporations, foreign governments, pension funds, ect. We still have to pay the INTEREST payments on all those $$$TRILLIONS every month. Those BONDS (our national debt).
The scumbags in government have spent so much money in the last 15 years, that now, we have passed the point where no amount of TAX revenue would be enough to cover even the cost of the interest on all that money our government borrowed (Treasury bonds).
ALSO …. All that slushy new money that the government printed eventually landed in our Banking system. Regional Banks (by and large) found themselves sitting on piles of deposits (covid stimulus and that other shit). THey bought Bonds with most of it (almost had no choice). When the interest rates started going up, the REAL VALUE (usually $1000 each) of the Bonds with LOWER RATES went down. One Minute their Bonds were worth $1000 each … the next day $950, then when the next Fed hike hits … $900, then $880, and so on. Well … they are still liable for the $1000 in deposits they used to buy that $1000 bond. Ooooops! Now they have UNREALIZED LOSSES (unrealized because they haven't actually sold the Bonds yet, but they are still accounting losses).
Well, gas here is $2.99 a gallon and eggs are $2.29 a dozen. So those two aren't the best measures. The propane I use to heat the house, cook, and heat the water is continuing to go up. My car insurance has gone up, when it should be going down as my car gets older, as the price always did in the past.
If we rely on the Federal Government (or World Government AKA the UN and WEF) to get us out of this, we will wish that we were living in the Great Depression by comparison.
Well... You or I don't have the authority to fix this, and things like local elections do not come around often enough to fix this problem in a timely manner. So this will continue to get out of hand at the current rate, and the only ones who can fix it are the ones creating the issue.
Fixing this takes no "authority." We just fix it. We create a new economic system.
Bitcoin pretended to be exactly the type of fix required. It was however, as far as I can tell, controlled opposition. An asset backed NFT type system can work as a start. The details of such a system are outside of the scope of this reply, but thinking that it takes "authority" is exactly what they want you to believe. It doesn't matter what system the authority provides, if it is the Authority that does it, we lose.
We the People are the solution. As soon as enough recognize the problem, we will fix it ourselves. Or at least we will appear to fix it ourselves. All the required systems are already in place, we just have to be motivated to adopt them.
I'm not sure how you think that this is actually possible, considering government regulations will fine you, and will put you into prison for not participating in it.
It takes a lot more to do what you proclaim as "just fixing it" than.."just fixing it".
Your response assumes that we will continue to accept the fraud that has been perpetrated on us for centuries. The entire purpose of what is going on is to understand that fraud. Understanding that things like "government regulations" and ""fines" and "prison for not capitulating" are the fraud. are what the Great Awakening is all about.
Every single one of those things was created by John D. Rockefeller and his progeny to ensure that his economic system would continue. We are in the process of waking up to that understanding (some of us are slower than others). When we do, we will reject their system and build our own. That is what is happening.
That is why you don't understand what is possible. You assume the fraud will continue. If it does, no matter what comes out the other side, we will have lost.
That's just paying the interest, not addressing the capital that was borrowed...
My prediction is that the military budget is going to be nibbled away next - just to pay the interest. This, while most of the stocks are being shipped to Ukraine...
Given the near-vertical climb of the interest payment amount now, I don't think the military budget or anything will be "nibbled away" so much as "blotted out". The shit's gonna hit the fan very soon now.
EXACTLY. I've mentioned this lots of people when chatting about the economy and spending. They all look at me like I'm crazy, or the gears in their head have ground to a halt. Incomprehensible to most.
this stuff goes over my head. I judge the economy by the price of eggs and gas now
I understand your ‘Angst’, but it really is quite simple. Our ‘Goverment’(Treasury) issues BONDS to finance our government (military, foreign aide, all that 3 letter shit). These TREASURY BONDS (30 years note) and BILLS (not important to discuss now) are what we all call our DEBT. A BOND is like a savings account with a fixed amount (usually in the $1000s, an INTEREST RATE, and an EXPIRATION (anywhere from 2 to 30 years). They sell those BONDS on the ‘Open Market’ to corporations, foreign governments, pension funds, ect. We still have to pay the INTEREST payments on all those $$$TRILLIONS every month. Those BONDS (our national debt).
The scumbags in government have spent so much money in the last 15 years, that now, we have passed the point where no amount of TAX revenue would be enough to cover even the cost of the interest on all that money our government borrowed (Treasury bonds).
ALSO …. All that slushy new money that the government printed eventually landed in our Banking system. Regional Banks (by and large) found themselves sitting on piles of deposits (covid stimulus and that other shit). THey bought Bonds with most of it (almost had no choice). When the interest rates started going up, the REAL VALUE (usually $1000 each) of the Bonds with LOWER RATES went down. One Minute their Bonds were worth $1000 each … the next day $950, then when the next Fed hike hits … $900, then $880, and so on. Well … they are still liable for the $1000 in deposits they used to buy that $1000 bond. Ooooops! Now they have UNREALIZED LOSSES (unrealized because they haven't actually sold the Bonds yet, but they are still accounting losses).
Thanks for good summary!
Well, gas here is $2.99 a gallon and eggs are $2.29 a dozen. So those two aren't the best measures. The propane I use to heat the house, cook, and heat the water is continuing to go up. My car insurance has gone up, when it should be going down as my car gets older, as the price always did in the past.
If we rely on the Federal Government (or World Government AKA the UN and WEF) to get us out of this, we will wish that we were living in the Great Depression by comparison.
Well... You or I don't have the authority to fix this, and things like local elections do not come around often enough to fix this problem in a timely manner. So this will continue to get out of hand at the current rate, and the only ones who can fix it are the ones creating the issue.
Fixing this takes no "authority." We just fix it. We create a new economic system.
Bitcoin pretended to be exactly the type of fix required. It was however, as far as I can tell, controlled opposition. An asset backed NFT type system can work as a start. The details of such a system are outside of the scope of this reply, but thinking that it takes "authority" is exactly what they want you to believe. It doesn't matter what system the authority provides, if it is the Authority that does it, we lose.
We the People are the solution. As soon as enough recognize the problem, we will fix it ourselves. Or at least we will appear to fix it ourselves. All the required systems are already in place, we just have to be motivated to adopt them.
I'm not sure how you think that this is actually possible, considering government regulations will fine you, and will put you into prison for not participating in it.
It takes a lot more to do what you proclaim as "just fixing it" than.."just fixing it".
Your response assumes that we will continue to accept the fraud that has been perpetrated on us for centuries. The entire purpose of what is going on is to understand that fraud. Understanding that things like "government regulations" and ""fines" and "prison for not capitulating" are the fraud. are what the Great Awakening is all about.
Every single one of those things was created by John D. Rockefeller and his progeny to ensure that his economic system would continue. We are in the process of waking up to that understanding (some of us are slower than others). When we do, we will reject their system and build our own. That is what is happening.
That is why you don't understand what is possible. You assume the fraud will continue. If it does, no matter what comes out the other side, we will have lost.
Dick Cheney, “Deficits don’t matter.”
Sure Dick, until the interest is as great as your entire budget. Another deep state idiot whose goal was the destruction of our country.
He was just in it for the oil.
We're going to need a bigger graph.
Farewell and adieu to you fair Spanish ladies
That's just paying the interest, not addressing the capital that was borrowed...
My prediction is that the military budget is going to be nibbled away next - just to pay the interest. This, while most of the stocks are being shipped to Ukraine...
Given the near-vertical climb of the interest payment amount now, I don't think the military budget or anything will be "nibbled away" so much as "blotted out". The shit's gonna hit the fan very soon now.
Been chatting about the crash that’s going to (?) happen for years... years....
Remember when they cried that Obama was gutting the military? That never really happened. The MIC was always healthy.
I distinctly remember a cool high school teacher of mine in the 80s predict this exact event, and I’m 90% sure he guessed “early 2020s.”
None of this really matters, the entire system is a fraud. Who exactly do we owe money too? The deceptacons?
EXACTLY. I've mentioned this lots of people when chatting about the economy and spending. They all look at me like I'm crazy, or the gears in their head have ground to a halt. Incomprehensible to most.