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Karen Vermunt's avatar

Thanks Matt & Lau. How likely do you think the owners of the debt will call it in?

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Denis Byrne's avatar

People do not seem to be getting the point. The existing economic/political arrangements do not generate sufficient governmental revenue to pay the rent on the money that has been spent. Necessary increases in federal taxes are being avoided because of the politics but mostly because the vulnerable US economy is dependent on consumer demand staying strong. The pools of “assets” that could be taxed or sold to reduce the problem (not for profits, financials, govt real estate, etc) are illiquid or leveraged & pose a risk of crashing asset values (think your pension, 401k) in our overly financialized economy. The brutal reality is that the federal spend has to go down by a lot & closing a few federal departments is not going to do the trick. The entire federal spend has to be restructured, the worldwide footprint has to shrink, DC needs to become a ghost town. If the restructuring happens the geopolitical world will be more dangerous & our citizens will be working harder & longer to pay for the b*s that the politicians & financial wizards have peddled for the last 50 years.

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Kenneth J Hinnenkamp's avatar

I think it be prudent to exit the dollar. In spite of Musk's magic money computers, they are about to ramp up the greatest, most inflationary, money printing scheme in history; and stick taxpayers with the bill.

So UBI with digital controlls to make sure you are spending it is their awnser? The payment expires at period end?

"You will own nothing and be happy." If we will be so happy, why did Klaus Schwab bail on the WEF?

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Mick's avatar

Question: With the US debt so big why is this administration passing thru a 4T tax cut and raising the debt ceiling?

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Chris james's avatar

The big question is where did all the money go

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Joey's avatar

You’d have to go back to the creation of the Federal Reserve that’s been a controlling factor and begin there. A Ponzi scheme by the evil elites. Starting on Sept. 10, 2001 would be good enough however for our time frame. Ask them how it is that day after Rumsfeld had announced the DOD was working in the Pentagon where it was hit, a “mystery 2.3 Trillion dollar loss from the Pentagon’s pockets. 🤔 Folks still want to believe 9/11 was a foreign terrorist job when the mountain of evidence proves otherwise. Which a leaked video clearly shows a tomahawk hitting the Pentagon. It was NOT a plane at all. Never was. That was a proverbial no brainer. Whatever that particular catalyst was…..we’re here. It’s all so evil, twisted, and complex that we’ll never truly know the extent of it all. The demons are numerous and widespread. We’re too far gone. That’s been the plan along.

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