It’s that time again

Yes, America has Thanksgiving, they have Christmas and now they have stopgap (4 times a year). You see, yesterday the news was given (at https://arab.news/vysbu) with ‘US Senate passes stopgap funding bill to avert government shutdown’ I made mention of this on October 2nd with ‘An altering stage’ (at https://lawlordtobe.com/2023/10/02/an-altering-stage/)where I gave the readers “I expected it would, but I also expect that this might go wrong in the future and the next shutdown is a mere 45 days away and US businesses are setting this new marker as the disaster moment” and I actually got it exactly right. Yes,. There was a stopgap now, but that is not a budget, as such Americans face the same dance around December 29th, just as the year ends. So when the stopgap isn’t coming through things will turn bad really really fast. Consider the thought that the bulk of approximately 2.79 million civil servants will be set out in the cold just after Christmas. As such how deeply disturbing will this become? All this because for 25 years America decided not to overhaul the tax laws. Lets be clear, this was ALWAYS going to happen, but with overhauled tax laws they would have had an additional year to get their act together, now their end of game moment comes in stages of stopgaps. All to stop the government from falling over. We might see the populist setting from others with their ‘tax the rich’ but it is a farce, a joke that has no way to go. A complete overhaul was the only option and now with BRICS and China pushing in on the little revenue they had left, they have no options now and their competitors are moving in on whatever revenue they had left. Is it doomsday speech? To some degree, but it is laced with reality. The debt of $31,000,000,000,000 is real and that interest will exceed $310,000,000,000 annual, all whilst we see articles that America is a mere 18th on the list. Yes, it is flimflam presentations. We get that Japan is in deeper waters, but not by much. We see the flimflam approach towards % or GDP, but when you look at the outstanding interest and the simple setting that 100% annual taxation in America doesn’t even cover the interest bill, the larger stage is seen that this is a decliner with no escape. And all that is before we see the impact of infrastructure bills (like paying civil servants). The stage is not a nice one, but America did this to themselves and as the rich and the large corporations become ‘transient’ out of America could be the killing nail that shows the stupidity of several administrations that refused to overhaul tax laws. And when this goes south fast, debts will implode and those owning US treasury bonds will lose whatever they thought they had. That is the nightmare scenario that is showing to become an optional reality ever 45 days from now. Until when? Until it goes wrong. 

Enjoy the day, it is Friday here now. The weekend is starting for the Pacific, the west needs to wait the better part of a day.