Posted on 09/11/2023 9:46:37 AM PDT by Kaiser8408a
I ain’t never been to Spain, but the US under Biden is like Spain in terms of default risk.
Actually, I have to Spain numerous times and love visiting Barcelona. But the US debt fiasco under Biden and Congressional spending sprees has led to … US credit default swap being priced worse than Spain’s CDS.
With Biden/Congress orgy of spending (and a declining economy in many important respects), the US is seeing Federal debt near $33 TRILLION and even worse, unfunded Federal liabilities (promises, promises) are at $193 TRILLION, almost 6 times the current Federal debt load.
If you are into archaelogy and fossils, Nancy Pelosi (83) has announced that she is running for re-election to The House. Hasn’t San Francisco suffered enough under Feinstein, Newsom and Mayor Breed?
Or as 3 Dog Night sang, “Joy to the globalist elites!”
(Excerpt) Read more at confoundedinterest.net ...
But we have money to waste in Ukraine? Did we learn anything from unnecessary foreign war fiasco’s in Vietnam, Iraq, and Afghanistan?
Rut roh!
They have eviscerated the middle class which was the true strengthen of this nation.
But there sems to be a lot of people here on FR who just do not see the danger this debt accumulation that will eventually topple this nation.
If we are lucky that it doesn't impact our lives, we are definitely destroying the lives of our children. Do they not understand this? How can that be? Are people even less sophisticated about finances then I am?
I find that hard to believe, because wealth building was never of any concern for me, for it was always live for today, the future may never come.
In other words, I never saw myself living as long as I have. Everyone I know are amazed that I am still walking around on this blue ball. 😋
No wonder our youth are so despondent. What do they really have to live for, in many respects?
In the days before Silicon Valley Bank collapsed, corporate insiders paid themselves huge bonuses, and granted themselves large loans at low interest rates.
I see the same thing going on with the US Regime. Insiders are looting the Treasury and shovelling as much money as they can to Regime aligned groups and corporate interests before it comes crashing down.
Over 100 Billion dollars. Expenditures that get ADDED DOLLAR FOR DOLLAR to the National Debt, I’ve been told that this is a “rounding error” or insignificant by the cheerleaders for this NOT AMERICAN war!
BTW, the Ukraine war is all about enriching themselves, as they control the purse strings, they know where to invest. It was pharmaceutical companies in 2019-2021, & then it switched to Ukraine/Russia conflict that they themselves fomented the invasion to enrich themselves further by the military-industrial complex, along with kickbacks from both of these industries, as well as, the money laundered back from Ukraine criminals.
This was the result I saw, though I had hoped someone would step up to stop it. That never happened, obviously.
Because I never thought I would make it this far, I was somewhat surprised that I lived long enough to see my predictions come to fruition, sadly enough.
But the adage you get what you sow, is coming home to roost. The only way for these criminals to continue to prosper will be to rid themselves of dollars & convert them to gold etc. But they may still find themselves behind they 8-ball if food becomes a real issue, as I believe it will.
The robbers have keys to the vault. We can only try to remove the robbers from office. Easier said than sone.
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