Quote from: bg002h on July 18, 2023, 05:39:34 PM

Quote from: Wind_FURY on July 11, 2023, 06:24:56 AM

I know franky1 doesn't believe it, we have debated about it before. Although he made a good point, he didn't consider the Cabal's long term, and possibly unlimited, printing of fiat.

Cool

On the road to $500,000.

You know how they just “raised the debt ceiling?” This isn’t true. They didn’t raise the ceiling, they eliminated it until a future date. Do you remember the last time they did that? It was august 2019. September 2019 was the repo crisis, where overnight loans on treasuries hit an annualized interest rate of 10%! And conveniently we had a reason to make money printer go BRRR in 2020.

I don’t in general like conspiracies, but with no limit on US debt, we have effectively put a blank check out there for anyone to cash if they can create the economic conditions necessary to justify massive money printing. We are incentivizing our own destruction. I wouldn’t be surprised if we have some major happen in 2024…a new pandemic with lockdowns, WW3 starting in earnest, aliens turn out to be here and not-so-friendly, etc…

No conspiracies required, the U.S. economy is in need of a "reset" because of too much money in circulation. I know the latest inflation prints show that disinflation is finally happening, but the data on unemployment remains very low which could indicate a reinflationary event probably happening. When - not if - it happens, the Federal Reserve would need to raise rates more aggressively. It has happened with Volcker before, it's highly probable that it will happen with Powell again.