With the creation of Elon Musk’s DOGE, promises have been made to balance the daunting U.S. deficit. However, little do they know- the problem is much worse than they think.
One of the next steps will likely be to require all tax exempt retirement accounts to hold a certain percentage of UST's. And that percentage will likely grow to 100 percent.
Energy money; finish the half done petrodollar and make energy the basis of money . 10kwh dollar.
Then generate our way free. We need and get here 3 vital things:
1) Money of value
2) Out of debt
3) more energy.
The state controls by digital stamp-blockchain what is money and what is energy. Seigniorage as usual. The people get energy, the (greed) animal spirits will produce vast energy.
We can’t at this point have either excess energy or too much money. Have the KwH as the standard to avoid exhaustion of any one source of energy.
Note well the actual 1/0s are electric impulses already. Note the petrodollar is only half done as it is, and of course only the top half.
The petrodollar was always only half done, finish the logic and share the wealth and value.
Oil was one of the factors causing the inflation in the 70s and it was one of the factors in the 80s causing the ROC in inflation to significantly subside.
Volcker’s raising rates to high double digits curbed bank leading, the greatest money printing institutions. This may’ve been the FED’s best contribution to reducing stagflation since eventually the consumer and businesses significantly reduced borrowing.
It has also been argued that Volcker’s exacerbated the inflationary cycle duration by keeping rates too high and too long since business passed on the increased interest expense to the consumer and in turn the consumer demanded higher wages.
The entitlements can be fixed. Raise the FICA ceiling tax. Implement Medicare for all. Raise taxes on the wealthy. Negotiate with providers reduced Pharma, hospital, assisted living, therapy, doctor bills. End the corporate takeover of the medical industry. Private equity and corporations cannot in their current form of cannibal capitalism for PE and for profit healthcare to please Wall Street for corporations exist. A return to community based hospitals are a solution. Increasing the number of medical schools and increasing work visas for all medical professionals will lower costs. There are a myriad of other solutions but too long to list here.
The debt conundrum can’t be fixed by the FED. They partially created the issuance and sustained it then increased it or idly stood by when fiscal and banking authorities willy - nilly borrowed and loaned without a care.
Debts that can’t be repaid won’t. A partial but significant debt jubilee is in order and long overdue. There will hell to pay. The biggest losers will be those that loaned out the ex-nihilo created money, the Uber - wealthy, PE, non bank lenders and pensions. This should’ve occurred in 2009 but the kleptocrats kicked the can down the road at the behest and bribery of the plutocrats.
A reset economically, politically and socially is required. Extend and pretend is a Grimm’s fairytale with the horrifying result.
One of the next steps will likely be to require all tax exempt retirement accounts to hold a certain percentage of UST's. And that percentage will likely grow to 100 percent.
Energy money; finish the half done petrodollar and make energy the basis of money . 10kwh dollar.
Then generate our way free. We need and get here 3 vital things:
1) Money of value
2) Out of debt
3) more energy.
The state controls by digital stamp-blockchain what is money and what is energy. Seigniorage as usual. The people get energy, the (greed) animal spirits will produce vast energy.
We can’t at this point have either excess energy or too much money. Have the KwH as the standard to avoid exhaustion of any one source of energy.
Note well the actual 1/0s are electric impulses already. Note the petrodollar is only half done as it is, and of course only the top half.
The petrodollar was always only half done, finish the logic and share the wealth and value.
Oil was one of the factors causing the inflation in the 70s and it was one of the factors in the 80s causing the ROC in inflation to significantly subside.
Volcker’s raising rates to high double digits curbed bank leading, the greatest money printing institutions. This may’ve been the FED’s best contribution to reducing stagflation since eventually the consumer and businesses significantly reduced borrowing.
It has also been argued that Volcker’s exacerbated the inflationary cycle duration by keeping rates too high and too long since business passed on the increased interest expense to the consumer and in turn the consumer demanded higher wages.
The entitlements can be fixed. Raise the FICA ceiling tax. Implement Medicare for all. Raise taxes on the wealthy. Negotiate with providers reduced Pharma, hospital, assisted living, therapy, doctor bills. End the corporate takeover of the medical industry. Private equity and corporations cannot in their current form of cannibal capitalism for PE and for profit healthcare to please Wall Street for corporations exist. A return to community based hospitals are a solution. Increasing the number of medical schools and increasing work visas for all medical professionals will lower costs. There are a myriad of other solutions but too long to list here.
The debt conundrum can’t be fixed by the FED. They partially created the issuance and sustained it then increased it or idly stood by when fiscal and banking authorities willy - nilly borrowed and loaned without a care.
Debts that can’t be repaid won’t. A partial but significant debt jubilee is in order and long overdue. There will hell to pay. The biggest losers will be those that loaned out the ex-nihilo created money, the Uber - wealthy, PE, non bank lenders and pensions. This should’ve occurred in 2009 but the kleptocrats kicked the can down the road at the behest and bribery of the plutocrats.
A reset economically, politically and socially is required. Extend and pretend is a Grimm’s fairytale with the horrifying result.
What is recommended for the average person to do?
Fed raising interest rates has been combined with QT for the last 2 years not QE.
Enter bitcoin.....
They think that stablecoins will bring in trillions of additional buyers for US debt and hitch will help solve most of this problem - we will see…
Well he can perhaps take the blame?
No, democracy. <
Most of us wanted to live beyond our means.
Now we are indebted beyond or at edge of means to live.
=democracy.
Saying socialism as if the Capitalist good life wasn’t socialized by debt-inflation- it was.
"If they lower rates, this will stimulate monetary growth again and cause inflation,"
what if the economy grinds to a halt before that?
Peak prosperity has a series of posts describing why the exponential growth of debt is a natural consequence of our debt based monetary system