I remember the days when the right-wing lunatics were always freaking out about how some cabal was trying to create a New World Order or something like that. And yet, here we are, their lunatic seems to be trying to do just so, and they seem rather fine with it.
Over at Macleod Finance substack(https://bit.ly/3LChfs8) Macleod lays out a compelling case for the end of fiat currency of today With spendthrift Cheeto at the wheel another $1T in debt has been added to the national debt in the last 6m and the Fed has begun QE to keep the equity market together which will further reduce the purchasing power of the beleaguered dollar
Cheeto's resurrected tariff policy of the 1890's that led to the robber baron's era has enthused him to push his aggressive tariff policy that has become his authoritarian weapon of choice and accelerated with his attempt to destroy NATO over Greenland
Like Hoover's tariff policy in the late 1920's Cheeto is courting disaster but obviously doesn't care if he destroys the American reputation or economy There is a real possibility that Cheeto will preside over a Great Depression 2.0 Wouldn't be surprising since all economic disasters have been watched by Nazi Republicans
With the purchasing power of the dollar now to 6 cents of what it was in 1971 when the US was taken off the gold standard by a Republican Nixon, this puts the country in a precarious debt trap which is politically unsolvable at this point
He’s forming a one world government.
I remember the days when the right-wing lunatics were always freaking out about how some cabal was trying to create a New World Order or something like that. And yet, here we are, their lunatic seems to be trying to do just so, and they seem rather fine with it.
Cheeto's Economic Disaster: Let Them Eat Broccoli
Over at Macleod Finance substack(https://bit.ly/3LChfs8) Macleod lays out a compelling case for the end of fiat currency of today With spendthrift Cheeto at the wheel another $1T in debt has been added to the national debt in the last 6m and the Fed has begun QE to keep the equity market together which will further reduce the purchasing power of the beleaguered dollar
Cheeto's resurrected tariff policy of the 1890's that led to the robber baron's era has enthused him to push his aggressive tariff policy that has become his authoritarian weapon of choice and accelerated with his attempt to destroy NATO over Greenland
Like Hoover's tariff policy in the late 1920's Cheeto is courting disaster but obviously doesn't care if he destroys the American reputation or economy There is a real possibility that Cheeto will preside over a Great Depression 2.0 Wouldn't be surprising since all economic disasters have been watched by Nazi Republicans
With the purchasing power of the dollar now to 6 cents of what it was in 1971 when the US was taken off the gold standard by a Republican Nixon, this puts the country in a precarious debt trap which is politically unsolvable at this point