How the Biden régime turned the cash Dollar into Mugabe Money
Lots of naughty noughts in the Braindead Bidenite Buck
If you were about to tell all your friends, clients and other forms of hopeless hopefuls that cash will live on come what may, think several times again and then put the idea out of your mind…because that’s exactly where it needs to be: the Global Hegemony needs to make cash so lacking in any real value whatsoever, few if any are going to complain when it is replaced with a vindictive button at the bank that can turn you from a customer into a risk investor with one press of the index finger. Warning: the index finger index can go up as well as down.
What I’m offering you here is not a world exclusive or even the result of my own gumshoe sweat: it’s merely the bottom line from a first class piece of sensitive, common sense journalism by James D Agreti at Just Facts. He in turn is doing little more (great service though it be) than point out the problem here: the USA is a nation State faced with the reality of a 72.9% dead above the clavicle POTUS owned and worked from behind by Langley Virginia, Wall Street, the Pentagon, the State Department and bourse-financialised globalist monopolism.
Mr Agreti’s piece points up staggering statistics which (for once) do not lie:
The U.S. Treasury has published a major report revealing that the federal government has amassed $124.1 trillion in debts, liabilities, and unfunded obligations. Here’s that number in maths stuff:
That represents 29 times the tax income of the US, and 86% of the combined net worth of all U.S. households and nonprofit organizations, including all assets in savings, real estate, corporate stocks, private businesses, and durable consumer goods like automobiles and furniture.
But this is the killer stat: here are two houses –
They are both classed as dwellings in US stats. The one on the right owes the financial markets almost exactly a million bucks. But oddly enough, so does the ripe-for-restoration bargain on the left. Because neither of them is is any real sense a customer of whatever rapacious bank with which they choose to do business.
The folks on the left are a bank asset, on account of borrowing money to buy the rustbucket they want to convert into a diner. The folks on the right by comparison (who owe the world a Bilious amount of Bucks) do not represent a bank asset, but rather a risk investor, on account of depositing savings with the bank. Either way, if the world valuation of money turns to diamonds, gold, excrement, thin air or lit farts, the bankers still win.
But as a great unrecognised real Democrat called Groucho Marx would’ve said, “even that isn’t enough for them.”
Nope…however, with the US meddling in a Russian sphere of influence, it’s not hard to see why the US Unelected State badly needs a distraction – and an excuse to trash the world economy – and would dearly love to stop interest rates ever being normalised. Not only should the EUNATO alliance not be egging on a war in Ukraine, it can’t afford the consequences of Putin winning it.
Because if normal rates returned, Washington would be paying three in every five tax dollars simply managing a debt that enormous.
This is a game the American Alt State can’t afford to lose. Last March 28th, President Biden was was unintentionally hilarious when he told the nation:
“Budgets are statements of values, and the budget I am releasing today sends a clear message that we value fiscal responsibility, safety and security at home and around the world, and the investments needed to continue our equitable growth and build a better America.
My Administration is on track to reduce the federal deficit by more than $1.3 trillion this year, cutting in half the deficit from the last year of the previous Administration and delivering the largest one-year reduction in the deficit in U.S. history. That’s the direct result of my Administration’s strategy to get the pandemic under control and grow the economy from the bottom up and the middle out.”
The Biden government is not so much on track as coming off the rails – and getting the feddef down by $1.3 trillion is fine but doesn’t address most of America’s debt commitments and capex needs. I have no idea what growth from the bottom up and middle out means, nor indeed what we do if the middle ups but the stuff below that doesn’t bottom out. For Biden himself, the problem is he doesn’t actually understand one word of what he was given to say.
Fast forward two months to May 4th 2022, and Sleepy gives another speech in which he trumpets a $0.4 trillion reduction in the Feddef….shortly after which James Agreti writes his piece for Just Facts. Meanwhile, the real purchasing power of the US Buck continues to nosedive in an unprecedented rise in inflation.
Will the Buck stop in the White House? Or will the Bidenites turn it into the White Trash House? Either way, will the now risibly fallen Economist magazine even notice? Five days ago it opined as follows:
‘The measures the West has imposed on Russia are so potent that they have triggered chaos in its $1.6trn economy and prompted the president, Vladimir Putin, to issue nuclear threats. The instant immiseration of a big economy is unprecedented and will cause alarm around the world..’
As you’d expect these days, impeccably on message: the measures against the RF are working so well, there is chaos at home, régime change is on the way, Putin is about to start chucking nukes around (because he is a mad dog) and this loss of gdp will have dire consequences. So you may now feel free to blame Putin for every availability problem, tick-up in inflation, starving child in Africa and need to replace worthless old-fashioned-spoils-the-line-of-your-suit cash with the digital stuff. And we’ll be looking after that, so not to worry….