An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, April 22, 2023
MAGA: $2.5 Trillion Of Interest Payments YEARLY On Americans’ Horizon According To CBO’s Spending Projections
The “national debt” is a non-issue, since it is denominated in dollars, which the U.S. government creates in infinite amounts out of thin air.
The purpose of chattering about the “national debt” is to avoid facing the real problem, which is private debt. The Western Empire is a web of private debt. This causes all money to flow upward to the big banks and Wall Street, who are sucking the last bits of life out of the Empire.
This central evil has produced despair and hopelessness among the peasants. Their despair manifests as social pathologies (e.g. wokery, BLM militancy, liberal supremacy, etc).
The Empire has doomed itself. Russia and China will win by waiting.
The “national debt” is a non-issue, since it is denominated in dollars, which the U.S. government creates in infinite amounts out of thin air.
ReplyDeleteThe purpose of chattering about the “national debt” is to avoid facing the real problem, which is private debt. The Western Empire is a web of private debt. This causes all money to flow upward to the big banks and Wall Street, who are sucking the last bits of life out of the Empire.
This central evil has produced despair and hopelessness among the peasants. Their despair manifests as social pathologies (e.g. wokery, BLM militancy, liberal supremacy, etc).
The Empire has doomed itself. Russia and China will win by waiting.
It takes a special kind of peasant to believe in wokery.
ReplyDelete