Almost all instances of imperial decline are accompanied by monetary decline, manifesting itself as inflation, corruption, and/or bankruptcy. But the real process is profound and mostly invisible
Bill's discouraging missive today diminished my hope for the USA.
You would think that our current Administration would be dedicated to reduce our deficit; to focus on creating more taxable wealth instead of evermore debt; to fulfill our commitment to defend Europe instead of bribing our military with money we don't have.
Why would you expect the current one to be any different than those in the past?
The thought of an actual reduced deficit is worth nothing more than a laugh, and the thought of an actual balanced budget is ROFL. Both of those trains left the station many decades ago and will never be coming back.
Beyond this ol' man's imagination how people actually think there is a "fix". The system is so far past fixing to be as you so aptly noted "ROFL". What is going to happen is a horrific credit bubble collapse and how that plays out is going to be so ugly for so many of us peons. Why empires died this way is because human nature never changes. And, it ain't this time either.
BB-Very informative article. Our government is doomed because our society today are made up of around 50% of slaves. Slaves in the form of relying on government handouts instead of self reliance. We do need to help the βneedyβ. I canβt believe that any country can have so many people on government assistance. It canβt survive. Politicians are more interested in getting
re-elected so the freebies just keeps on coming. Protect yourself as no one will come to your rescue.
What is most interesting is the malaise as has been so appropriately put, happens in both parties, like a wing nut. Left wing, right wing same nut. However, i also find it interesting that BB and his brother An Ol' LSO blame all of this grift on Trump.
Five non-consecutive years in office, yet 250 years of grift is all his fault. Both quick to blame, neither offer a sliver of hope not solutions. Basically, nothing but bullshit to hear their own thoughts.
America the beautiful, where words are cheaper than money and both are counterfeit. The US doesnβt govern people, it services debt.
You hear about a βWarrior Dividendβ and the crowd claps like seals at a seafood buffet. Dividend from what? From the same debt corpse theyβve been kicking since Nixon unplugged reality. Two hundred years of honest money built something real. Fifty years of funny money built a hallucination with a flag.
Borrowed money handed out as gratitude is just a bribe that learned how to salute. You donβt honor people by mortgaging their future and calling it respect. Thatβs not patriotism, thatβs payday lending with a flag emoji.
The Fed didnβt just tilt the table, they lit it on fire and told everyone to dance faster. Saving is stupid, borrowing is necessary. Necessary is permanent. Permanent became slavery with a variable rate.
The borrower isnβt free. Heβs terrified. And terrified people donβt rule themselves. They beg the system that trapped them to keep the lights on one more month.
I like how everyone in still votes. Thatβs sweet. Itβs like reenacting a battle after the war ended and the generals sold the land. You feel involved, youβre not.
They tell you the system is complicated. Thatβs how you know itβs working. Simple systems need consent. Complicated ones need confusion.
Money used to tell you where you stood. Now it just tells you how confused you should be. You canβt tell if an hour of work equals dinner or debt. Thatβs exciting, in a very quiet, hopeless way.
So people argue about democracy versus republic while the real ruler, the invisible math, sits there doing what it does best. Winning without applause.
He thinks he governs himself, thatβs my favorite part.
Bill's discouraging missive today diminished my hope for the USA.
You would think that our current Administration would be dedicated to reduce our deficit; to focus on creating more taxable wealth instead of evermore debt; to fulfill our commitment to defend Europe instead of bribing our military with money we don't have.
"ππ€πͺ π¬π€πͺπ‘π π©πππ£π π©πππ© π€πͺπ§ ππͺπ§π§ππ£π© πΌππ’ππ£ππ¨π©π§ππ©ππ€π£ π¬π€πͺπ‘π ππ πππππππ©ππ π©π€ π§πππͺππ π€πͺπ§ πππππππ©"
Why would you expect the current one to be any different than those in the past?
The thought of an actual reduced deficit is worth nothing more than a laugh, and the thought of an actual balanced budget is ROFL. Both of those trains left the station many decades ago and will never be coming back.
Beyond this ol' man's imagination how people actually think there is a "fix". The system is so far past fixing to be as you so aptly noted "ROFL". What is going to happen is a horrific credit bubble collapse and how that plays out is going to be so ugly for so many of us peons. Why empires died this way is because human nature never changes. And, it ain't this time either.
No such luck..deficit in 2019 was one trillionβ¦with the greatest economy ever
BB-Very informative article. Our government is doomed because our society today are made up of around 50% of slaves. Slaves in the form of relying on government handouts instead of self reliance. We do need to help the βneedyβ. I canβt believe that any country can have so many people on government assistance. It canβt survive. Politicians are more interested in getting
re-elected so the freebies just keeps on coming. Protect yourself as no one will come to your rescue.
Now that you have forgotten your usual TDS. Today's post appears to be something of value.
What is most interesting is the malaise as has been so appropriately put, happens in both parties, like a wing nut. Left wing, right wing same nut. However, i also find it interesting that BB and his brother An Ol' LSO blame all of this grift on Trump.
Five non-consecutive years in office, yet 250 years of grift is all his fault. Both quick to blame, neither offer a sliver of hope not solutions. Basically, nothing but bullshit to hear their own thoughts.
I asked two AI's, Copilot and Gemini, "Why did Nixon take the U S off the gold standard?" Their replies were interesting.
America the beautiful, where words are cheaper than money and both are counterfeit. The US doesnβt govern people, it services debt.
You hear about a βWarrior Dividendβ and the crowd claps like seals at a seafood buffet. Dividend from what? From the same debt corpse theyβve been kicking since Nixon unplugged reality. Two hundred years of honest money built something real. Fifty years of funny money built a hallucination with a flag.
Borrowed money handed out as gratitude is just a bribe that learned how to salute. You donβt honor people by mortgaging their future and calling it respect. Thatβs not patriotism, thatβs payday lending with a flag emoji.
The Fed didnβt just tilt the table, they lit it on fire and told everyone to dance faster. Saving is stupid, borrowing is necessary. Necessary is permanent. Permanent became slavery with a variable rate.
The borrower isnβt free. Heβs terrified. And terrified people donβt rule themselves. They beg the system that trapped them to keep the lights on one more month.
I like how everyone in still votes. Thatβs sweet. Itβs like reenacting a battle after the war ended and the generals sold the land. You feel involved, youβre not.
They tell you the system is complicated. Thatβs how you know itβs working. Simple systems need consent. Complicated ones need confusion.
Money used to tell you where you stood. Now it just tells you how confused you should be. You canβt tell if an hour of work equals dinner or debt. Thatβs exciting, in a very quiet, hopeless way.
So people argue about democracy versus republic while the real ruler, the invisible math, sits there doing what it does best. Winning without applause.
He thinks he governs himself, thatβs my favorite part.