The fact is that the United States is bankrupt: we cannot afford to pay the interest on the national debt. It is not begging the question to state that our government caused this situation. There are solutions but none that our selected leaders will accept as they would cause them to not be reselected. And that means each would not be able to steal our money.
It is strange that the same people who caused the problem are the same ones that profited personally from their actions. They also are taking the path of least resistance to them but the most harmful to the people: inflation. Imagine seeing your life’s saving evaporate 11% in only five months. Unfortunately, we do not have to imagine this: we have to try to live through it.
I have a “feeling” that Trump will be concentrating on this issue after his big, beautiful fill is passed. I suspect Powell will be gone, Bessent will replace him and the digital/crypto currency plan will be implemented. Where will that leave us?
I extrapolated this decline of the dollar to the end of this year. This is a devaluation of 26.4%. In one year, we will lose more than a quarter of the fruits of our labor. Even worse, our costs are going up: property taxes, health/auto/property insurance and food are already outpacing our paychecks or pensions.
Elon Musk is correct: we must address our financial crisis if we are to have a country. Who is in favor of fixing this evil nation or should we be looking at other solutions? The current policy is to destroy the middle class, make us sick with medication/vaccines, and to implement their version of utopia with only 500 million people. I see little incentive to support such overt evil.
David DeGerolamo
We are broke. They are still spending a trillion a year or more above yearly tax revenue. This is a “republican” president, senate and house. They can’t even get illegals off Medicaide.lol. Anyone who thinks anyone is going to fix this is delusional. Time, energy, money and thoughts should be prepping and enjoying the power and water while they are still on.
It’s all just dollars. The dollar cannot be saved. Not much harm in escalating it’s demise through massive printing. You *will* be harmed if you invest in it.
There comes a time in personal finances where you ask ‘do I take one of those debt forgiveness programs’?, hire a lawyer and go chap. 11 ….
Buy silver and gold. You could argue take out a HELOC and get as much as you can. Its THAT bad.
According to Greg Mannarino:
Banks are using reserves to buy treasury notes.
Then they use these notes as collateral in the current repo scheme.
Comex is committing big fraud. ( We know it and they continue doing it)
I don’t feel there is a solution unless the crooks are convicted. This would take a civil war. Only then…a big cleanup could start.
Economist Michael Hudson warning about the dollar.
https://www.youtube.com/live/-5vl79OTfzY?si=SGmZO8N1T4JZnyJR
It feels we’ve been here for a long time and always say the doom is days away. Dutch tulips were more solvent than we are, yet we remain upright and spending?! Living a life of illusion.
Gold and silver aren’t up because the dollar is doing well. Just more THEFT by the usual banksters from every dollar held.
Reading comprehension?
For any newer readers, I recommend “Creature From Jekyll Island by G. Edward Griffen. None of this is by accident or “poor” decisions. All wars are banker wars including the war on the $$$$