A SKEPTIC'S VIEW

[CCarl]

2026 - Watchin' the American Dream Die in a Ponzi Scheme

A Ponzi scheme is an unsustainable scam that relies on a continuous inflow of new money to keep it going. The scheme collapses if the flow of new money slows down, or tapers.
The Federal Reserve monetary policy is, and has been, a Ponzi scheme. That's because the US government's obscene spending and skyrocketing debt have reached an inflection point where the whole system will collapse unless the Fed pumps an ever-increasing amount of new fake money into the system.

Government spending is the leading cause of the problem. However, the government cannot even slow the growth rate of spending, let alone cut it. Here's why.
(1) The biggest expenditures for the US government are so-called entitlements. It's unlikely any politician will cut these. On the contrary, I expect them to continue growing as the last Baby Boomers enter retirement in 2031.
(2) With the most precarious geopolitical situation since World War II, so-called defense spending seems unlikely to be cut. Instead, it is all but certain to increase.
(3) Income Security is a catch-all category for different types of welfare. That's unlikely to be cut too.
Efforts to reduce expenditures will be meaningless unless it becomes politically acceptable to cut those three. What are the chances of that?

(4) Further, interest expense is exploding higher. The federal interest expense recently exceeded $1 trillion for the first time, and is shooting higher. That means the interest expense is already bigger than defense spending, and everything else in the budget except for Social Security.
The cost of debt service (interest expense) is taking up a larger portion of the budget, leaving less for other expenditures. That means the government has to borrow increasingly larger amounts to maintain basic functions. The situation is compounded by the fact that the more the US government borrows, the larger the interest expense on the federal debt, which causes it to borrow even more. Thus, the debt spiral.

Borrowing money to pay debt service IS the inflection point in the debt spiral, and the US is now at that point. Here's the bottom line with the budget.
(A) Expenditures have nowhere to go but up.
(B) But don't count on increased revenue to offset these increases in expenditures. Even if tax rates went to 100%, it would not be enough to stop the deficits—and the debt needed to finance them—from growing.
(C) The debt will not stop growing, no matter what happens. It's not even going to slow down. The debt is increasing exponentially.
The only way the US government can continue to finance itself is for the Fed to kick the can further down the road by continuing to create ever-increasing amounts of fake money. That will simply continue and accelerate inflation of all resources, products, and services. Imagine, a 16 ounce bag of potato chips costing as much five years from now as a full bag of groceries cost five years ago. There is America's future.
If the Fed doesn't provide more monetary accommodation to lower interest rates, the growing interest expense alone will bankrupt the US government... and bring down the entire debt-based economy with it.

Thanks to Doug Casey at International Man for most of the above; https://internationalman.com/

A friend from military service in the early 70's had a solution for the recession he and I both faced in the early 80's. He thought rocks should be money. He believed that would eliminate the poor class of Americans. After-all, how easy are rocks to get? A dull rock for a bottle of water, and a shiny rock for a carbonated beverage .  . yeah, baby, now there is easy street!!
I had to explain to him that if rocks were money, we would all eventually be starving, that it would enlarge the poor class to the only class. Imagine gravel to be nickels and dimes, softball-size rocks to be tens, and basketball-size rocks to be one hundreds. If rocks were money, we'd bet paid in rocks as income. We carry them around somehow. Eventually, banks wouldn't want them, so they'd fill our backyards by the dump truck load. Pretty soon you couldn't give rocks away, everyone's backyard would be full. Who's going to pump gas for more rocks? Mend fences? Make clothes? Grow food? Then, why bothering working for more rocks? In other words production would stop because every one has rocks running out their ears. And the economy collapses without productivity.

Would rocks really be any different than the 'monopoly money' we now have, i.e. the valueless paper 'our' government calls Federal Reserve Notes? Nope. And the outcome will be no different, either.

[CCarl]

Anyone know who this AAWG [Arrogant, Angry, White Guy] is?




And his conclusion is the woman deserved to be shot in the head for exercising her Right to Free Speech? Does it matter if she was paid or not? Does it matter if she was married to a man, a woman, or a martian?

Whoever he is, he is one scary element of the far right. In his very small mind the Bill of Rights apparently only protects certain individuals.

Doesn't it matter that she was shot dead by a government agent for voicing her opinion? Apparently not.

He claims to be an American. So do I. In my America, everyone's speech is protected from government censorship. In my America I would never extend permission to this jerk to be on my private property. And I would never accept his privilege extended for me to be on his private property.

His America and my America are no longer the same. He is just as much a threat to my America as Biden and Obama were. Belay my earlier . . . I do not need to know who he is. I want nothing to do with his ilk.

If he were acting a role in Hollywood, this AAWG would be a rager, a pedophile, a domestic abuser, involved in law enforcement, and/or very likely an alcoholic. He's even likely to believe god is speaking through him. His psychopathic persona bridges all those possibilities. And if he isn't acting . . .