That is the claim being made by Max Blumenthal.

I haven't been following the financial news as much lately, but in the last few days even halfway browsing there appear to be some cracks forming. The US congress is spending like their lives depend on expanding the debt.

This fellow has been checking daily. Says our debt increased by $51B between breakfast and lunch. Further sees the US on track to add $1T to the total deficit in 30 days at a time when the interest rate to service our debt has increased.



You can check it here:
https://www.usdebtclock.org/index.html?taxpayer


I've read/seen that multiple banks are in dangerous positions.

And there is renewed chatter about a global movement to CBDC.https://www.weforum.org/whitepapers/...ty-principles/

The US which is in debt, spending into the deep red, is not using what little revenue it has to pay another country's debts. You don't need much sense about how money works to know how bad that is. It's almost like they are trying to collapse our system.

In real terms, they are transferring the debt. They are borrowing the money from blackrock, to give to ukraine, to give to blackrock.

Blackrock doesn't immediately gain, but the debt becomes more secure, being owed by the US instead of ukraine.

So when Ukraine falls they have someone to collect their money from?

yeah, you

It's our job as tax payers to fund the Joseph R Biden money laundering program

If you don't like it then go straight to the gulag

Blumenthal

Every single time.

I liked the other Joseph better.

Exactly. I've seen it on some news channels where they refer to the national debt concerns as a Republican talking point. People start rolling their eyes if you talk about it. They are oblivious because they don't see it effecting them. Printing truckloads of money benefits the wealthy more than anything else. I can promise like everything else that if we default on the debt those on the bottom will hurt the most.

The US is in debt to who?

The federal reserve, a collection of PRIVATE banks, who act as the central bank that LOANS out every single US dollar in circulation to the US government. The only source of US dollars is from the FED, and the FED only loans money out and charges interest on that money.

Now the bankers who run the FED are all Jewish, and all have lots and lots of money. They make their money off of the interest payments from the US taxpayer, this is money these Jewish bankers get for providing virtually nothing. All they do is print money and loan it to the US, that is the extent of their work/service in which they get paid for.

These Jewish bankers need the debt system to remain in place or else they lose their cash cow and their control of the world. Your politicians are paid off and don't care about the debt, or the American people. Get a grip and open your eyes its not hard to see whats going on if you have a brain.

It is a GOP talking point tho because nobody even mentioned it during Trump's administration...

Also, many countries have much higher debt to gdp ratios than us. Debt is not the same as inflation either.

Could do this crazy thing where we tax the wealthy and reallocate capital...

The covid inflation and then Russia war inflation were both due to supply issues. The money supply growing as well didn't help, but we would have been fine were it not for systemic collapses in supply chains, primarily in China. We also have a period of stagnation and it is leading to stagflation.

If the US defaults, it's not even the US that will face the worst consequences. Many of the poorer countries would have total economic meltdowns. It would be a catastrophe for the global poor.

facts

You should spend more time being a mother, as you have claimed in the past to be.
Dont be another loser mother who neglects her children.

How do you foresee the banking system and all the people that profit off of it reacting to a CBDC? It would render banks useless. I don't think CBDC will happen, nobody wants it.

Dunno what that has to do with anything, but she is only a few months from turning 18, it's summer and she sleeps during the day. She was still up one morning when I got up last week and she said she had been talking to a friend in Germany since 1 am our time.
Yes, a movement to a central bank ledger system would disintermediate the banks. I've read that there is some sort of plan to keep 3 to 5 large retail banks going in the US, but no idea if that is so.

I don't believe that they desire such a change so much as it may be seen as the least bad option if/when the current circus becomes completely unsustainable.

Just like student loans, why should an electrician, one of the many posters here that have made every correct financial decision since they were 16, or other posters here that have never made any mistakes in life be forced to pay the bill for ukraine?

You guys should be getting distracted by culture war bullsht, not noticing things like this....