That is something I have been accused of plenty of times. Mostly they were wrong (as anyone might who thinks that they are right), in this case it was my take on the debt ceiling. I wrote it in ‘Two items’ (at https://lawlordtobe.com/2021/10/07/two-items/). Consider the fact that the debt is at present $28 trillion and there is no real debt ceiling raising, there is merely a stand off of 10 weeks. So the people in the USA will go through this again during Christmas, and if we are picky about this. At present the interest in the debt is well over $280,000,000,000 a year, that is if anyone was stupid enough to give the USA a 1% credit arrangement, even houses get more, so at 2% it is $560 billion. Consider that and consider that this extension costs a little more than $107,500,000,000 for 10 weeks. How much tax was collected? A setting that goes nowhere EVER. As I personally see it the total annual tax receipts. One source gives us “In 2020, the total revenue of the U.S. government sum up to about 3.42 trillion U.S. dollars and consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes totalled up to 1.6 trillion U.S. dollars in 2020, whereas corporate income taxes totalled to 212 billion U.S. dollars.” As such we see two elements, corporate tax would not. Cover the debt, not even 50%. Yes the total tax collected covers that interest, but it will take 15% of all collected taxes to make that work, as such if we take the simple road (I need to because I have no economics degree) it amounts to 43% of the collected taxes to pay for the interest plus enough to pay the debt off in 30 years. As such a debt accumulated in 25 years will take 30 years as well as push a large part of the US nation into pure poverty. No infrastructures maintained, no education, a massive cut on defence spending (not the worst idea), yet in this logistics takes a hit, so consider standing in long lines in ANY setting that requires you to get any help at all and healthcare is damaged beyond repair. That is the station that the Americans face and as this happens, Japan goes over the edge and the EU will be in all kinds of states. You see, Russia and China do not have the engage in war, they can merely stand on the sidelines watching it all implode. This is not a new setting, this was clear in 2012/2013 as we were watching the middle east expenses explode. Politicians who were all in a stage of ‘We will overcome this’, so where are these politicians now? Sitting pretty on a large bag of money, thats where! In all this, I do not want you to take my word on this. Do the math, check the numbers and see where it is coming from.
Now consider what I gave you earlier and consider that sources stated that the 2020 Budget for the US was $4.79 trillion. A budget that comes $1,370,000,000,000 short of what was available. Are you getting a clue that the 10 weeks is a laughable excuse? Yes, the republicans have a good case, but they are not innocent either in all this, both sides got you in this mess and now the Credit Card with the connected address of 1500 Pennsylvania Avenue, NW is getting cancelled on a near global scale. We see how Wall Street is presenting itself to be happy, but it is short lived and those people are filling their pockets and they will go wherever they (and their family) can have a sweet lifestyle for 40 years. I reckon when it all implodes it will take that long to get up again and whatever gets up will not be very human, or humane any more.
These are numbers that are out there, so do you still think I am wrong? It’s fine, you should never just agree with anyone, especially a person you do not know. You should check yourself, because when the social system in the US (and several other nations) collapse, the upside for those governments will be that suicide numbers will go through the roof.
Housing prices collapse, homeless numbers go down, unemployment numbers go down. If an unemployed person commits suicide, the cost falls away, if an employed person does it a job becomes optionally available. The numbers are at this time THAT COLD. You think it makes me happen, but it does not. I admit, on the Covid side I made fun of the non-inoculated people, but a social collapse suicide wave is nothing one has ever seen before. Consider that 2018 had the highest male suicide rates since 1950 and then triple it, (an estimated number created with a wet finger). The US will be looking at 67 per 100,000. That amounts to 217,750 suicides and it will not be one year, it will be a setting of a percentage annually of the 217,750 for 3-5 years. It will surpass the 733,575 covid-19 deaths in the US. That is the setting and beware, this is speculated on my side. I cannot prove this and I have no data supporting any of this, a mere impact of expected events when a social security system collapses. It is set to about 70 million people in the US getting assistance in one form or another from the Social Security Administration (SSA), now consider it falling away completely. Rents cannot be met, hunger all over the place and no healthcare. A situation that comes from a badly managed debt by both the Democrats and the Republicans. So, feel free to ignore this, but I do hope you will check the numbers, they are all out there and they are all over the place. So when you see the impact that 70,000,000 people face, my number set to 217,750 might turn out to be extremely conservative. If it gets to be seriously higher I honestly hope I will not live to see that day, it would be depressing beyond measure and if you think that this is bad, I expect Japan to equal those numbers and optionally surpass them. They merely have a population of 126 million, a mere 38% compared to America, so when I see them surpass that number, we can see that the larger stage will be a nasty one. A stage where China and Russia can claim the lands by clearing the corpses, not one weapon used, not one bullet fired. That is the deep dark future we are all heading too. So whether I end up saying ‘я не говорю по-русски’, ‘我不懂中文’, or optionally ‘मैं हिंदी कहां से सीख सकता हूं’ We are all heading towards an abyss, one that was created by people who were smitten with ego’s stating ‘We are too big too fail’. History taught us that nothing is too big too fail. We saw the examples in Julius Caesar (44BC), Napoleon Bonaparte (1821), Adolf Hitler (1945) in this their opponents had a nice party (the one in 44BC was awesome), will I be wrong again? That is a decent setting, you see the people getting wealthy on the debt the US has wants the debt ceiling to be raised again and again. And as I personally see it, there is no real solution, there is no debt management, there is no halting overspending in too many places and as such these nations will grab whatever they can and however they can. IP values will be end up being based on on national products, and corporations will need to align with a nation. You see there is a larger danger for Big Tech and the US (EU too) doesn’t like true global companies. As such we see court play after court play, yet in the end players like Apple, Facebook, Google, IBM, Microsoft and others will optionally face a new setting a domestic office and non-domestic offices that will have to report to the domestic office. A setting that happens to some degree, but now there will be a tax focus. In this both the US and the EU have no choice, their credit cards are stretched too thin. However, I doubt that they will become sensible and plan for an end to debts, Wall Street for one will not like that and the IMF will have its own reasons to object. Debt is big business and the people you never elected in any nation are getting decently wealthy in the process. I am not talking about people like Jeff Bezos, Sergey Brin or Bill Gates. I am talking about Mario Draghi and his friends, the banks who are collecting the interest. You forgot about them did you? The so called ‘secretive club of bankers’, did you think they were having a drink and talking about the good old days? Did you think that they were letting $560,000,000,000 to chance? A club with 33 member, and if they only get 10%, that implies that these 33 people are optionally at present getting $17,000,000,000 each EVERY YEAR. You still think that the debt is making your life better?
Do not take my word on any of this, find the numbers, find the links and see what else is there, there is enough out there and as far as I can tell the larger issue was never seen in the IDIJ, or showed up in the Pandora papers, did they? Why was that? Try finding any of these 33 people in the Pandora papers, what are the chances that you will find none?