Just read on Zerohedge that CONgress is set to approve 1.1 Billion military aid package to Taiwan.
WTF?
Congress, in of itself has turned into a national security threat.
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Believe it or not the reason they're so desperate to spend is because our rising interest rate is crushing the Euro. If Congress can force the FED to create more dollars they can halt the rising interest rate, or even lower it. However, this time, the FED will not capitulate like they always have in the past. It's a power struggle and the US bankers are going to win.
I do not expect any more big spending bills to pass and I expect interest rates to continue rising.
It is way worse than interest rates. Congress welds no power over the FED.
The FED is the last bastion for positive interest rates in western hegemony. Let that sink in.
With the dollar full fiat there will be no end in sight to spending.
The House hasn't passed a balanced budget since 2001.
Billions and trillions will be printed.
As of June 2022, the FED has put 2,278 BILLION dollars into circulation.
This is a part of that overall plan. Print to zero.
Paper money eventually reverts to its intrinsic value, zero. - Voltaire
Biden just announced his "Safe America Plan". Another 10B he will ask CONgress to approve. More deficit spending. Who won't approve more police?