When they started printing and handing out all those trillions during the pandemic, I really got the feeling that dollars had lost their character as a representation of value. And I don't mean that in some kind of "monetary policy Ron Paul debasement of the currency" type of way.
The closest analogy I can come up with is this: imagine watching a poker game in the Old West and it's come down to two players. One of them is a robber baron who's been dominating the town and draining all the wealth. As you watch them push out more and more chips, you think, "Well, whoever loses is going to be upset at forfeiting all that value."
Then they start to throw in the titles to their horses, the deeds to their farms, ownership of their wives and children, etc. You then realize, "Oh, this is no longer about money at all. One of these two is going to end up run out of town or more likely dead. In that case, whatever they had title to is meaningless because they aren't going to be around any more to own it."
So as I see it, the stakes are that high. No one's ever going to pay off the debt. That's no longer what's happening.
Right, that's what I'm saying. This is all headed for something other than the players laying their cards on the table and one of them saying, "I see you have bested me. Good day to you, sir!"
Given that, I feel like the "White Hats" are trying to carefully maneuver to keep the table from being flipped over and .45 Colts flying in every direction.
I almost feel bad for the Fed. They need inflation due to the debt being so large, but also need to pretend they are taming inflation so the economy doesn't implode. It's a real catch-22 that involved and lot of jawboning and fake numbers.
Burning 20% of GDP in debt can’t be sustained. The only way out of this is severe austerity (which people will vote their way out of) or hyperinflation which people cannot vote their way out of.
Looks like it’s going to get ugly in our life time.
how long do we got until hyper-inflation becomes an issue ? I just got a new job from layoff from previous job 3 months? 6 months ? maybe a year? does this have something to do with the potential 1 billion $ govt shutdown we are facing looming oct 1?
When they started printing and handing out all those trillions during the pandemic, I really got the feeling that dollars had lost their character as a representation of value. And I don't mean that in some kind of "monetary policy Ron Paul debasement of the currency" type of way.
The closest analogy I can come up with is this: imagine watching a poker game in the Old West and it's come down to two players. One of them is a robber baron who's been dominating the town and draining all the wealth. As you watch them push out more and more chips, you think, "Well, whoever loses is going to be upset at forfeiting all that value."
Then they start to throw in the titles to their horses, the deeds to their farms, ownership of their wives and children, etc. You then realize, "Oh, this is no longer about money at all. One of these two is going to end up run out of town or more likely dead. In that case, whatever they had title to is meaningless because they aren't going to be around any more to own it."
So as I see it, the stakes are that high. No one's ever going to pay off the debt. That's no longer what's happening.
Right, that's what I'm saying. This is all headed for something other than the players laying their cards on the table and one of them saying, "I see you have bested me. Good day to you, sir!"
Given that, I feel like the "White Hats" are trying to carefully maneuver to keep the table from being flipped over and .45 Colts flying in every direction.
33...hmmm......where have I heard that number before???
The debt itself was officially invited to join after completing all of it’s lower degrees and rituals 🤣
Yes… that’s why I made the joke lol
I used my digital shekels and bought brass, and lead assembled into a projectile.
I almost feel bad for the Fed. They need inflation due to the debt being so large, but also need to pretend they are taming inflation so the economy doesn't implode. It's a real catch-22 that involved and lot of jawboning and fake numbers.
Burning 20% of GDP in debt can’t be sustained. The only way out of this is severe austerity (which people will vote their way out of) or hyperinflation which people cannot vote their way out of.
Looks like it’s going to get ugly in our life time.
how long do we got until hyper-inflation becomes an issue ? I just got a new job from layoff from previous job 3 months? 6 months ? maybe a year? does this have something to do with the potential 1 billion $ govt shutdown we are facing looming oct 1?