Beginnings of default on debt in U.S. economy (October 2023) - Page 11 - Politics Forum.org | PoFo

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#15311574
Rancid wrote:I'm still waiting for the default.


A lot of people in Hiroshima were "waiting for the bomb to hit."

And when it didn't come each day, some wise-acre would roll his eyes and say "Still waiting."

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And for the last 70 years, many eye-rolling media readers have been saying: "I'm still waiting for the Euro-jews to genocide Palestine."

For 70 years, they cynically waited, almost rolling their eyeballs out of their sockets. :roll: :roll: :roll:
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#15311680
National Post wrote:Secret RCMP report warns Canadians may revolt
once they realize how broke they are


Right from the get-go, the report authors warn that whatever Canada’s current situation, it 'will probably deteriorate further in the next five years'

A secret RCMP report is warning the federal government that Canada may descend into civil unrest once citizens realize the hopelessness of their economic situation.

“The coming period of recession will … accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report, entitled Whole-of-Government Five-Year Trends for Canada.

“For example, many Canadians under 35 are unlikely ever to be able to buy a place to live,” it adds.

The report, labelled secret, is intended as a piece of “special operational information” to be distributed only within the RCMP and among “decision-makers” in the federal government....


This is a *secret* report for the eyes of the Police State only. This report suggests that our police forces need to invest in military-grade weapons in order to control what will soon be starving poor people living and dying on the streets deprived of governance or social programs.

"Better not to let the general public know what is coming or they might try to change our system."- the 1%
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#15312255
This year, Canada spent more paying interest on its bankster debt... than it did on the health of the people who live there. Why does Canada have debt? Why has every government of the last 50 years increased this debt to the point of it getting in the way of health?

People will die because of these corruption-provoked debts. Entire towns will die because of the economic consequences, and homlessness and drug addiction will soar.

CBC wrote:...With interest rates running high, cost to service the national debt surpasses federal health care spending...

...With interest rates at a 20-year high, Ottawa's cost to borrow has spiked from $20.3 billion in 2020-21 to $54.1 billion in 2024-25.

That means Ottawa will spend more to service its debt than it will on health care this year — and the debt charges will march even higher in the years ahead...


Imagine a country with almost unlimited resources.... borrowing money each year from private banks because... private banks run the political scene behind closed doors.

Imagine how that kind of system will end.

Imagine how stupid the people living in Canada were to let this happen to themselves and their offspring.
#15312320
Here is an account of the living conditions in a society that is starving to death. In this case, it's the Ukraine - intentionally starved to death by its Bolshevik rulers. In our case, the rulers are creating the conditions that will lead to national bankruptcy and a huge economic depression. So we Westerners might have the following conditions to look forward to:


UNZ wrote: ...Livestock and poultry have practically disappeared ... having either died from lack of feed or was slaughtered by the starving population.

Dogs and cats have also disappeared. Most of them were killed and eaten by the population. Even rats and mise (sic) are eagerly sought for as food.

The people eat grass, weeds, bark of certain kinds of trees and insects.

Recently cannibalism has become rampant. Even dead bodies are exhumed and devoured. The old, the infirm and the defenceless are secretly murdered and devoured. Mothers are afraid to send their children any distance away from home for fear that they may be murdered and devoured by the famished hordes which roam the country.

The death rate has assumed hitherto unknown proportions. In many villages 20 to 30 persons die every day. Many of the villages have lost two-thirds of the population. The dead are often left un-buried until the bodies decompose. When the burials take place it is in large, common graves generally 20 to 30 bodies in each grave...


Read the above description, and then imagine that Ukrainian media - just before the population was starving to death - was talking about important subjectsTM like gender reassignments and pronoun use.
#15315763
paeng wrote:See also voodoo economics, which started in the early 1980s and continues to this day.


The Vodoo economics work just as long as the USD is world currency.

The USA has not invested in education so social upclimbers are seldom and infrastructure is crumbeling nearly no railroads compared to EU or China


The USA is like the Soviet Union overmilitarized, the government debts explode and currently the USA has to borrow 8% to grow 3% of GDP
#15315849
Skynet wrote:...The USA is like the Soviet Union overmilitarized, the government debts explode and currently the USA has to borrow 8% to grow 3% of GDP...


Bingo.

Montreal got to host a World Exhibition in 1967 because Moscow cancelled. Moscow was afraid that it had nothing to show off about, and would be embarassed by its lack of technology.

The USA is living with 1950s tech: Dodge Rams and aeroplanes, bungalows and McDonalds, Screen entertainment and obesity.

And it is obscenely indebted because of its many Crusades.
#15315922
QatzelOk wrote:
And it is obscenely indebted because of its many Crusades.


Terrorist strategy is not to defeat an enemy with terror acts but to provoke an overreaction. Iraq invasion (operaration enduring freedom) was an overreaction which was just won with mercenaries who raped and slaughted civilians. Mercenaries were not part of US military so the US could wash hands in innocence
Last edited by Skynet on 20 May 2024 03:26, edited 1 time in total.
#15315932
Skynet wrote:Terrorist strategy is not to defeat an enemy with terror acts but to provoke an overreaction. ...

If bankrupting the USA has been the primary purpose of the last few decades of national liberation movements, then they may have sacrificed too much (brought on too much destruction) around the world.

Mind you, if this is a long-term strategy, it might work. But think of all the millions of people who have been killed, and all the destroyed civilizations... that it took to finally bankrupt the Mature North American Superpower.
#15316203
@QatzelOk
Mind you, if this is a long-term strategy, it might work. But think of all the millions of people who have been killed, and all the destroyed civilizations... that it took to finally bankrupt the Mature North American Superpower.


I think plan A was to provoke The USA to irrational overreaction... and a uprising in the Middle-East which would lead to an Khalifate under the rule of Osama bin Laden.

This failed, because the majority of Muslims did not want an Al Qaida Khalifate.

But the position of the USA as undoubted superpower has erroded in desert.

Regarding own civilian deaths fanatics do not care.
#15316303
Skynet wrote:...But the position of the USA as undoubted superpower has erroded in desert.
...


Yes, but the injured terrist hegemon still has lots of poison up his sleeve.

How can the world neuter the injured beast before it does fatal harm to the entire Earth?

Well-armed and bankrupted killers.... are not usually benign.
#15316974
Zero Hedge wrote:...The trillions of dollars in tax revenue that the country is bringing in pales in comparison to the speed with which the Biden administration has figured out ways to spend. Our nation's cumulative debt to GDP is at record levels and has surpassed levels that have broken many nations in the past....

Image
...


Not only is the West in debt up to its eyeballs, its current leaders are blowing all the remaining credit on wars and "fighting China's economy with strategies that have never worked."
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