Sicilianthing

These are the things going on behind the scenes no one is paying attention to and then you act surprised and shocked when it happens....



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The Coming Crash Of The Government Debt Bubble
Posted at 4:00 pm on August 5, 2017 by Patterico


Yesterday, in my post about the latest jobs report, I said that “our massive looming government debt bubble” will “precipitate the biggest economic disaster of them all.” A commenter here at RedState asked what I meant by a “government debt bubble.” I have talked about this before, but it is an important enough topic that it is worth revisiting.

In short, we’re in a bus speeding towards a cliff. We’re probably already past the point of no return. The bus is going over the side. It’s not a matter of if, but a matter of when. About the only thing we can do is bail out of the bus before it goes over.

It’s going to be a hell of a crash. And the thing is, most of the occupants of the bus are acting like there is nothing wrong.

Let me introduce the topic by quoting myself from two days after e******n day, 2012:

First there was the stock market crash. In the 1990s, stocks kept going up and up and up. It seemed wonderful on one level. Everyone was watching their stock holdings grow and grow and grow. Everyone knew it couldn’t go on forever, but somehow it seemed like it might. So nobody seemed very worried.

And then there was a crash.

Then we had the real estate bubble. In the 2000s, property values kept going up and up and up. It seemed wonderful on one level. Everyone’s house value was skyrocketing. You could take out loans on the equity and do fun stuff. Everyone knew it couldn’t go on forever, but somehow it seemed like it might. So nobody seemed very worried.

And then there was a crash.

Now we have the government debt bubble. Government spending keeps going up and up and up. It seems horrific to us, because we are paying attention — but to most people, frankly, it seems wonderful. We’re getting all these government services and we don’t have to pay for them! It’s utterly unsustainable, and everyone knows it can’t go on forever, but somehow it seems like it might. So people don’t seem very worried. Certainly, they’re not worried enough to v**e out of office someone who has exploded our national debt to unimaginable levels. [Note: I was referring to Obama, who had just been re-elected two days earlier.]

There is going to be a crash.
Now, there has been no major crash since 2012, and you could be forgiven for assuming that our economy is in decent shape, with the stock market booming and the jobs report looking pretty solid. And one could always reply to doom-sayers such as myself by saying: hey, the economy is cyclical. There probably will be a crash, but the fact that you predicted it doesn’t make you some kind of economic Nostradamus.


Fair enough. But here’s the thing about the popping of the stock market and real estate bubbles: 1) most people realized, deep down, that we were in a bubble at the time, if they thought about it for two seconds, and 2) while people may disagree as to why the bubbles inflated, there has been no question that the economic pain we felt afterwards resulted from the popping of those specific bubbles. In other words, the cause was clear enough even during each bubble that, after it popped, most people said: “We should have seen this coming. I mean, it was pretty obvious.”

And so it will be with the popping of the government debt bubble. We all know it’s happening. We all know this is unsustainable. Yes, there are l*****t nincompoops like Matthew Yglesias who make cartoons about how we can painlessly inflate our way out of the predicament — but those people are i***ts. The rest of us know this. We have to pay interest on what we borrow. That interest eats up a larger part of the budget each year. The only solution is massive taxation or inflation, either of which will ruin the economy.

And after the government debt bubble pops, people will say: “We should have seen that coming. I mean, it was pretty obvious.” You’ll hear some people say: “I didn’t realize it was going to get this bad.” But nobody — well, nobody except the Matt Yglesiases of the world — nobody sensible is going to say this came as a total shock.

But President Trump isn’t talking about what it would take to make a dent in the debt. That would take entitlement reform, frankly — and that’s the least popular topic on the planet. Indeed, preserving ObamaCare, our newest and shiniest entitlement, seems to be the top priority for our elected officials these days. Actually reforming entitlements is out. Get with the times, man!

Why talk about this today? After all, it’s not the fashionable topic of conversation. Palace intrigue at the White House, Russia investigations, t*********r this that and the other, and wh**ever other stupid story of the day is occupying all the talking heads — that’s what brings in the clicks. I’m surprised you actually clicked on this post and read this far. It makes you among a distinct minority in this country.

And as long as only a distinct minority cares, we’re going to keep careening towards that cliff.

Once we leave solid ground, the flight through the air will be exciting and fun.

As long as you don’t think about what comes next.

JimMe

Pres Trump has halted the spiraling increase of the USA Debt since taking Office... But you are 100% correct about the cost of Debt Interest eating away at the USA Budgets in the very near future - 12-24 months is almost certainly more of a correct time-table for the Interest Rates on the Debt to double from the current 1.8% to 3%-to-4% due to the decline of the USA Dollar...

And I don't see this as falling off a cliff... I see this like opening the cabinets and refrigerator and finding very few provisions to last a decade or two... The world isn't going to end... We're just going to have to do with less... A lot less...

Sicilianthing

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Well Jim, I wish this were true but Trump has already emergency increased the Debt Ceiling and now they have to do it again in 3 weeks... so

NOPE

Nothing has changed and Trump hasn't done anything.

And the Governments Bond Debt Bubble has about 60days or so before it goes POP !

I posted that topic this morning.

Trump Controls NOTHING,
Banksters make the Next move and Im going to prove it to all of you.

boatbob2

Donald Trump inherated a fiscal MESS,Not ALL created by obozo,but,a lot of it is/was.We have to tighten our belts,cut back on the gimmees,stop welfare,food stamps and cell phones,for people who are NOT disabled. then cut back on a HELLUVA lot of government programs. sell off a LOT of the land,owned by the government.

Sicilianthing

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Yes I'm aware but Trump has already been c*********d by the Banksters... now they're going to make him the Patsy when they crash it all.

JimMe

Sicilianthing... Unfortunately, the President does not have the power to raise the Debt Ceiling... What he has done is called for the Congress - the Branch of USA Government Constitutionally Responsible for the Budget, which includes Borrowing, which is tied to Our Debt Ceiling - to increase the Debt Ceiling, but it's up to Congress to raise it... And it hasn't been raised yet...

But fear not... The GOP Rinos and the DemLib-Socialists will increase the Debt Ceiling about 11:59PM September 30th... They just like the Public to have a little drama... And your Banksters next move is to rattle their swords at Congress, and Congress will placate them till then...

Sicilianthing

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Noted and valid points, so you see we are hijacked by the CryptoJew Usury Banksters all over again.

So now what ?

POP POP POP ?

KaBoom ?

samtheyank

I have been b***hing about this for 30 years and nobody seems to want to listen, they don't give a s**t or ignore the problem altogether. The only way it will end is with a big crash. When this happens in the near future, maybe we will start doing what is necessary to put this nation on a better financial footing. I hope there is something left to work with.

Sicilianthing

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Noted Sam and Yep all the Crashes across the timeline since the CryptoJews hijacked our Founders and Banking have all coincided with a mass skimming or commodities FIX or reshuffling, repackaging of the Deck by these 8 families.

IT's all by design and the Big FIX is in again.

It will take us 25 years to recover from the crash that's coming... so get ready for WAR

JimMe

There's always something left to work with... The question is how long will the Elitists take to allow the middle-class to rebuild ourselves... Because this country was founded on the notion that the average person has the wherewithal to take care of himself/herself...

samtheyank

An excellent point.

sum

If you could print all the money you wanted and steal all the money you wanted, couldn’t you manage to stay out of debt?

Sicilianthing

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Sure I could but CryptoJews can't for some reason and then they collude with the other scumbags to use it to murder, divide n conquer, rape, pillage burn other nations and people...

So how you stop them ?


8 families are the following still in power today, the following information is considered dangerous:

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The first misconception that most people have is that the Federal Reserve Bank is a branch of the US governmment. IT IS NOT. THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Most people believe it is as American as the Constitution. The Constitution actually forbids it's existence. Article 1, Section 8, states that Congress shall have the power to create money and regulate the value thereofff, not a bunch of international bankers! Today the FED controls and profits by printingg worthless paper, called money, through the Treasury, regulating its value, and the biggest outrage of all, collecting interest on it! (the so-called national debt, via the federal income tax)

The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges US taxpayers interest. Many Congressmen and Presidents say this is fraud. Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well-kept secret, has been revealed: 1. Rothschild Bank of London 2. Warburg Bank of Hamburg 3..Rothschild Bank of Berlin 4. Lehman Brothers of NY 5. Lazard Brothers of Paris 6. Kuhn Loeb Bank of NY 7. Israel Moses Seif Banks of Italy 8.. Goldman Sachs of NY 9. Warburg Bank of Amsterdam 10.Chase Manhattan Bank of NY

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America where our forefathers were fighting thheir own government, they planned to control us by controlling our banking system, the printing of our money, and our debt. How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had comitted to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Act through Congress just before Xmas, when much of Congress was on vacation..........

sum

Sicilianthing

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Ahhh what a Genius George was, Thank You and I will post it again to share with others.