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Monday, November 13, 2023

Biggest threat to U.S. is economic.

 OVERSHADOWS ALL MILITARY THREATS

ECONOMIC DECLINE UNSTOPPABLE, BUT MAYBE MANAGEABLE


We see the United States focused on military conflicts around the world, most of them brought about by the United States intentions or incompetence. The real threat is now here, it is economic and will change the direction of the country for decades.

Everyone has po-poed the rise in the national debt, but now it appears there is a dwindling number of buyers for this debt. This translates to a higher cost of borrowing to entice buyers. It is estimated that the cost of servicing this debt is going to be $1 Trillion and rising. The forecast is that the deficit, just this year, will be $2 trillion. Spending in Washington is out of control and there is no end in sight. There may be no end to the spending but the end of unlimited debt is coming. This is going to cost everyone in the value of their investments and the rising cost of living. It is not a maybe, it is for sure.

The fiscal situation in this country is such that if the government actually balanced the budget, by cutting spending, it would lead to economic collapse, as so much of the economy is now dependent on borrowed government spending. 

Then again, if the government raised taxes to balance the budget it would syphon off much of the decretory spending of everyone and would cause economic collapse.

The United States has for decades used its ability to create money out of thin air in an attempt to buy allies, to sanction competitors and control events around the world and that time is coming to an end. 

Other nations are increasingly interested in struggling free of this economic  power and chart their own course, much of the impetise is the arbitrary use of the dollar for sanctions and the declining value of its buying power. If the dollar was still "as good as Gold", this would not be happening. This is a result of the mismanagement by our elected officials and the greed of those who profit from transacting all this debt. 

We can expect to hear the blame placed on foreign conspirators and adversaries trying to ruin the United States. We may even hear of calls for war to save the economy. We can expect other draconian schemes pushed on the  American people, but will we see any effort to change their ways and become responsible for their past actions. 

This situation could be managed, but the United States would have to review its role in the world and realize the attempt to rule the world has failed. It has created enemies, alienated allies and destroyed the economy. If the country does not focus inward, to heal and restore the American experiment, it will inevitably be a shadow of its former self.




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