It means both parties are consciously choosing to devalue the dollar as a means of “handling” the debt problem.
2 Likes
That makes some kind of sense. When the debt becomes impossible to repay and the unfunded liabilities have no means of being honored, there is no reasonable solution. We can all suffer through a long, slow, protracted collapse, or the whole edifice can be brought down in a swift decisive blow.
Presumably, the Great Taking is intended to insulate the banks and oligarchs from such an event, while the rest of us are expected to take it in the shorts.
However, a dollar hyperinflation would utterly destroy everything that is denominated in dollars including the whole quadrillion dollar derivatives scam. Wall street will be wiped out.
It is hard to imagine that the bankers and the oligarchs are willing to take that risk.
1 Like
Maybe this is just one more experiment to see how stupid people are. How many people will vote for a senile pedo commie?
Maybe the elites are trying to guarantee a win for Trump?
I see another possibility. These tax increases on the rich were never meant to pass. They are political posturing to try to get the average left leaning individual back onboard. And when they fail or are reduced to a very slight increase, it will be a campaign message. "We support taxing the rich. We tried to tax the rich. The evil Republicans blocked us.’ Of course, most of the Republicans are evil too. So that last statement at least has some truth in it.
If the tax increases do actually pass as proposed, that changes my assessment significantly.
1 Like
I read an interesting article in the last week about the dollar and I can’t find it again. It was about the dollar going “supernova”. Essentially, it said we’ll see other fiat currencies get weaker and weaker and the dollar will appear to be getting stronger and stronger, until the supernova event. Does anyone here remember seeing something like that recently? I thought it might have been a Jim Willie article but had no luck there either.
2 Likes
I am getting Spidey senses that trump does not want to win??? He apparently agreed to green light sending off vast tax payers money to Ukraine, Israel and Taiwan, against the 70% of Americans that do not. Now he seems to want to claim primacy over the jabs, should he get elected, the injured and harmed would be coming for him, before the end of his term, as more and more of the malfeasance comes to light.
1 Like
Maybe in the 80’s/early nineties, but now… some of the world has moved on. Going back what skills, talents and labour will assist your friends, family and community. Sharpen them for they will be in dire need. Blessings.
1 Like
Thank you, Chris, once again for your superb work in helping us get our brains around what is happening. I continue to write about PP and refer people here as often as I can.
3 Likes
I think there is a (3) which is based on the politics of envy, the dire straits Gen Z/the Millenials find themselves in financially, and the shift of “natural” Democrat voting blocks towards Trump etc. which does not necessarily preclude either of Chris’ two hypotheses contributing to 4 more years.
There’s a lot of hatred towards landlords, boomers/Gen X out there by a whole generation who have not been able to build capital and who have been hit rather hard by inflation over the past couple of years. Unlike previous generations they are becoming more socialist as they age. They have no expectation of ever paying capital gains tax (or owning a home), and this policy would be a way of punishing those who they believe are responsible for their predicament/are preying upon them:
Perhaps the Democrat planners have crunched the numbers and survey results and discovered that the way to take back voters from Trump is to propose policies that “stick it to” the rich and middle classes and that these policies will be worth more to them than the cost of the loss of some donors (see also: student loan forgiveness, censorship of any position not radical left wing etc.) Of course, legislation takes time, so it doesn’t matter if the capital gains changes all fail to pass in the second term…all that is required is that Biden gets a second term so they can continue the looting, dismantling of the middle class and the population gerrymandering to cement the status quo before that all important date of 2030.
1 Like
Perhaps it is a cynical TPTB feint: “See we are increasing taxes so the dollar isn’t REALLY just TP”…
There are many warning signs that the dollar has reached the end of its reign. Soo many insiders, so little time.
1 Like
I disagree in part with what Chris has said about the intelligence of the people forcing this shit-show on us.
Yes, the politicians pushing this crap are indeed low IQ, short-sighted, feckless, useful idiots.
But the people at the very top, who are giving the orders to the politicians, they know EXACTLY what they are doing. THEY are very intelligent and understand complex systems very well. They are working to collapse the system on purpose. But for them, it’s a controlled demolition. They want to collapse it carefully and deliberately so that it provides them with the maximum benefit, and us the maximum consequences, rather than having it collapse spontaneously and unpredictably.
NONE of what’s happening is by accident - it’s all very deliberate and calculated.
5 Likes
Unfortunately, I can’t breach topics like this, I am a contractor, not a govee. Any political discussion or even a hint of politics is taboo with gov employees. But among the contractors, we’re pissed, esp the technical support types
2 Likes
Sounds to me like they might be planning to replace Biden with someone else. And they need to give all those keys a reason to back the replacement candidate. Just the only other possibility that comes to mind.
I don’t think the election is going to be rigged enough that they can afford to throw away votes. The persecution of Trump strongly suggests to me that they are trying to put their thumb on the scale to even the odds, because they can only cheat if the election is close. Obviously it’s not working, so maybe their Hail Mary move is a palace coup against Biden, under some pretenses, and this is an effort to get the keys to power to back his replacement, whoever that may be.
1 Like