The entire world economic situation is propped on spindly legs of debt and leveraged debt and Collateralized Loan Obligations (bundled corporate loans) and any unnecessary shock can crash the entire mess. At some point, the Fat Cats will sweep their chips off the table creating yet another "bear run" (like 1929, 2008) leaving everyone else in poverty.
The entire world economic situation is propped on spindly legs of debt and leveraged debt and Collateralized Loan Obligations (bundled corporate loans) and any unnecessary shock can crash the entire mess. At some point, the Fat Cats will sweep their chips off the table creating yet another "bear run" (like 1929, 2008) leaving everyone else in poverty.
Sounds like you are mainly concerned about 1) the just under $37 trillion U.S. national debt, 2) the practice of extending loans to companies with already outstanding loans, and 3) loan securitization, all of which were present prior to the last election (I read the debt was somewhere around $36 trillion at the end of Biden's term). Did I get that right?
Yes, some of it. The other part is the massive printing of money needed for US to pay for imports is what underpins the US$ as world-reserve currency. This admin is too stupid to see that, that US is world's largest exporter of debt, and the other nations are stuck with paying that off, or defaulting. So everyone needs to stop accepting US$ as payment for their exports to US, with each accepted dollar you just accept another dollar of debt. US sovereign default is not far away.
Had Harris been elected president I presume she would have stayed the policy course that Biden had charted which, unless I am mistaken, included the Treasury print $. If that was the case, how would that have been a better approach?
The fact that the choice in governance was between those two weevils, demonstrates yet again the total failure of the so-called governance structure in that failing Empire, USA. Not to mention that the pathetic constitution was never able to prevent either a blithering schmuck from becoming a priktator or allow pure air-heads to seek high office. Total reform is necessary, meanwhile USA has zero credibility on the world stage.
No, Trump obviously wishes for the Soviet or Orban model. The american revolution (1776, not "Liberation Day") threw out centuries workable parliamentary tradition and replaced it with nonsense. Read federalist Papers #10. It's a long road to build a democracy in USA, and it could start with certain people, they don't need to admit making a mistake, just admit they were lied to. Instead of seeing they were abused by capitalism, the wished for extreme capitalism, and will suffer even worse now.
The entire world economic situation is propped on spindly legs of debt and leveraged debt and Collateralized Loan Obligations (bundled corporate loans) and any unnecessary shock can crash the entire mess. At some point, the Fat Cats will sweep their chips off the table creating yet another "bear run" (like 1929, 2008) leaving everyone else in poverty.
Sounds like you are mainly concerned about 1) the just under $37 trillion U.S. national debt, 2) the practice of extending loans to companies with already outstanding loans, and 3) loan securitization, all of which were present prior to the last election (I read the debt was somewhere around $36 trillion at the end of Biden's term). Did I get that right?
Yes, some of it. The other part is the massive printing of money needed for US to pay for imports is what underpins the US$ as world-reserve currency. This admin is too stupid to see that, that US is world's largest exporter of debt, and the other nations are stuck with paying that off, or defaulting. So everyone needs to stop accepting US$ as payment for their exports to US, with each accepted dollar you just accept another dollar of debt. US sovereign default is not far away.
Had Harris been elected president I presume she would have stayed the policy course that Biden had charted which, unless I am mistaken, included the Treasury print $. If that was the case, how would that have been a better approach?
The fact that the choice in governance was between those two weevils, demonstrates yet again the total failure of the so-called governance structure in that failing Empire, USA. Not to mention that the pathetic constitution was never able to prevent either a blithering schmuck from becoming a priktator or allow pure air-heads to seek high office. Total reform is necessary, meanwhile USA has zero credibility on the world stage.
Not really getting what you are saying here. Perhaps the Soviet model is what you wish for. Regardless, have a good weekend.
No, Trump obviously wishes for the Soviet or Orban model. The american revolution (1776, not "Liberation Day") threw out centuries workable parliamentary tradition and replaced it with nonsense. Read federalist Papers #10. It's a long road to build a democracy in USA, and it could start with certain people, they don't need to admit making a mistake, just admit they were lied to. Instead of seeing they were abused by capitalism, the wished for extreme capitalism, and will suffer even worse now.