Predicted It Right In 2017
This was such a funny photo I found of me from 2017.
Holding a book called The End of The F*cking World.
Little did we know back then Coronavirus was coming our way.
One thing that is amazing to me is the incredible lack of responsibility when it comes to our fiscal (tax rates and spending) and monetary policy (interest rates and money supply).
For example, we’ve spent almost $3,000,000,000,000 (i.e. trillion) on Coronavirus Relief/Recovery.
And there is another package in the works to borrow and spend more money.
This on top of our already tens of trillions of dollars of national debt we already accumulated.
The crazy thing is that this is going on globally with Europe and Japan and others borrowing and spending without any sanity as well.
Now here is the BIG QUESTION for you all:
If everyone is borrowing and spending, who are they borrowing from???
Yep, this is called funny money!
Because it’s not possible for everyone to be borrowing and carrying a bottom line net debt at the same time.
The money has to come from somewhere doesn’t it?
The Federal Reserve is “injecting” trillions into the economy and their balance sheet of “loans” to us is going up towards $11 trillion dollars now.
These injections are short term medicine that may kill the patient down the road by overdose!
Have you ever heard of a Chair of the Federal Reserve that “urges policy makers to spend more”?
Simple economics tells us that this will yield at some point an unbelievable inflation.
We are injecting or “printing” more and more money (or electronic bytes of it), and that causes the money to devalue because there is so much of it (supply side economics) with nothing but hot air backing it up (we haven’t been on the gold standard since 1971).
There is a DAY OF RECKONING coming when:
- People’s savings and wallets will devalue and money will be worth close to squat after RUNWAY INFLATION.
- Also, what do you think will happen to the stock market and jobs too when people have only loads of valueless funny money and can’t buy anymore like they used too — can anyone say MARKET CRASH and UNEMPLOYMENT!
Folks, you heard it here first, the end of the f*cking world is coming — it’s called CONSEQUENCES, plain and simple. ;-)
(Credit Photo: Dannielle Blumenthal)