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Carl L. McWilliams's avatar

Wake up and smell the coffee my fellow Americans: Economic austerity is where the bottom 70% of all Americans will be shortly. Because of a nearly $2Trillion federal deficit in FY2025, and because there is $7Trillion in maturing US Treasuries in 2025 that need to be refinanced. And because there are no new buyers of US Treasuries, that can only mean the Federal Reserve must soon begin a massive QE buying of US Treasuries. When that happens, within six months expect a "10-10" stagflation economy. Ten percent unemployment and ten percent real inflation.

The only solution for the bottom 70%, (of which my wife and I are members), is the Trump administration issues into the marketplace a new currency of final settlement, separate and distinct from the US Dollar. This new currency of final settlement must be where the owners of the US Treasuries will accept for interest payments in lieu of Federal Reserve Notes masquerading as US Dollars. And that Trump/Bessent can use to pay Social Security and Medicare/Medicaid benefits and meet federal government's payroll.

But there is not a chance Secretary of Treasury Scott Bessent will abandon the Federal Reserve Note as the global reserve currency. He and Trump are far-too-committed to the Keynesian model to pivot away from the US Dollar to save the bottom 70% from the soon-coming economic austerity of the "10-10" stagflation. Its an unavoidable "Keynesian debt-trap" and there is nothing Bessent can do to avoid the trap. It is unavoidable.

When that happens, the American center will not hold, all faith in government will collapse and there is a 50%-50% chance of a violent civil war.

SomeDude's avatar

on the ufo-jet collision, "The FAA's report of the F-16 collision revealed that the fighter was flying in restricted airspace near Gila Bend, Arizona, when it was hit by the object in the rear of the canopy, the glass bubble which protects the pilot."

to hit the back of the canopy, it'd have to be moving faster than the jet itself. that's one speedy drone if it's as they claim

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