The Next Big Bailout could be the mother of all bailouts: The Federal Government. So says a new report from Michael Hartnett, Chief investment officer of Bank of America Securities. And it comes on the heels of a seperate warning from Morgan Stanley that the world's governments have "only a couple of years" to fix their debt addiction before it could spiral out of control.
You are so right on the subject and unfortunately so true, what ever happens only few will scape the consequences.
It seems to me that no matter how much you prepare for it, it will be so catastrophic that will change forever our way of life.
That’s one big reason for the elites buying farm land and islands, building bunkers and trying to put every one else into a 15 minute prison. But as always happens at the end the spirit of freedom will always win. In GOD WE TRUST
With rising interest rates, just the interest on the debt is becoming very large. But the unprecedented setup for a runaway situation is the way energy transition subsidies in the misnamed "Inflation Reduction Act" have no end point until "net zero" is reached, and since reaching net zero is impossible, the subsidies will go on forever, or on to bankruptcy, unless congress revises the statute.
Of course they have no plan to stop. They will strip as much as wealth possible while pushing the majority into poverty before the digital currency/control is implemented.
Thanks for keeping us grounded in reality.
Thank you for your Optimus point of view
You are so right on the subject and unfortunately so true, what ever happens only few will scape the consequences.
It seems to me that no matter how much you prepare for it, it will be so catastrophic that will change forever our way of life.
That’s one big reason for the elites buying farm land and islands, building bunkers and trying to put every one else into a 15 minute prison. But as always happens at the end the spirit of freedom will always win. In GOD WE TRUST
With rising interest rates, just the interest on the debt is becoming very large. But the unprecedented setup for a runaway situation is the way energy transition subsidies in the misnamed "Inflation Reduction Act" have no end point until "net zero" is reached, and since reaching net zero is impossible, the subsidies will go on forever, or on to bankruptcy, unless congress revises the statute.
Following the Japan example feels a bit like repeating a holiday destination that you loved. It’s never the same the second time around.
My time at Stratton Oakmont (The Wolf Of Wall Street) https://open.substack.com/pub/michael880/p/another-chapter-from-can-i-have-your?r=3b6pw1&utm_campaign=post&utm_medium=web
I just wrote an article related to this subject, you guys might want to check it out if interested.
https://open.substack.com/pub/thepanoramapress/p/raise-taxes-or-print-more-money?r=3hyaiy&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Of course they have no plan to stop. They will strip as much as wealth possible while pushing the majority into poverty before the digital currency/control is implemented.
curious if you have read the book Road to Roota?
by Bix Weir