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But, but…DOGE…?
The last time DOGE was relevant, pterodactyls were flying our skies…….
past $37 T a while back, ain’t news anymore. Closer to $38T now.
It was obvious this would be the trajectory. Trump was never a fiscally conservative – or even responsible – sort. The things he wants done will cost enormous sums of money (as is the case with all politicians pipe dreams), and he cannot even fully commit to cutting of expenditure on crap he doesn’t want done. Not that he’d have the cooperation of Congress to implement such cuts anyway, as has been all to obvious for far too long.
This is one of the biggest reasons I’ve remained insistent the nothing will ever be willingly fixed by orderly means. The only solution is the chaos of collapse wiping out all the promises and obligations. Once the government collapses, the counterparty who over promised no longer exists, and all those suckling at the teat will instead be forced to suck eggs. Then it will be incumbent on the great minds who emerge from the collapse not to setup another government that will be so easily compromised and turned into a machine focused on graft. That may or may not pan out, but it remains the the only real chance we’ll get. Making any substantive correction within this current system is impossible.
we were adding a trillion to the ND every 86 days a year and a half ago.
No problem. Just tack on another 5% tariff on every import.
Well when the other countries decide its cheaper to sell their goods to Russia and the other BRICS nations Trump will enact plan D. He will reach Deep, Deep into our savings accounts, 401Ks, and confiscate all the privately held gold and silver. Then the massive gold deposits in California and Alaska will be strip mined like skinning a fat elephant. Oh and then its drill baby drill.
Silly me…I remember quite distinctly that the estimate of derivatives and unfunded liabilities was around $1.4Q- that’s quadrillion– back in 2008. I saw that number again a couple years ago maybe- still $1.4Q…after 15+ years? I don’t think so Tim. So all these numbers and dollars- and most people still thinking the banks hold a certain percentage of their money in reserves (fractional reserve- 10%??)- I ain’t buying any of it. I believe it’s all made up and there ain’t a balance sheet we’re ever going to be able to trust, nor is it likely to me any of this can even be tracked anymore- going back to the $1.4Q of 2008. It’s all…vapor. But what do I know…but I’m quite certain you have no money on the bank when the chips fall. Not even a penny on the dollar.
Yup. Maybe that will finally wake up our nation of childish idiots. I doubt it. The sheeple will continue to bleat and look towards a tyrannical shepherd.