MONEY: Gooferment Debt in a “death spiral”

Thursday, February 9, 2023

https://www.zerohedge.com/markets/welcome-death-spiral

Welcome To The Death Spiral
by Tyler Durden
Monday, Feb 06, 2023 – 09:00 AM
Authored by John Rubino via Substack,

*** begin quote ***

And there’s nothing that the monetary authorities can do to stop it, because either choice – keep interest rates high or push them back down – leads to the same place, which is a currency crisis. Meanwhile, each turn of the wheel makes the problem more intractable and the collapse more imminent. That’s what the term “death spiral” refers to: a process that feeds on itself until the system implodes.

*** end quote ***

Assuming that they, our wise and merciful Overlords, can see that they can no longer kick the debt can down the road, what can they do?

Easier said than done, cut spending.  The Military Industrial Complex is spending the USA into oblivion.  They have to face the largest share of the cuts.  It would seem that NATO has far outlived its usefulness and should be ended.  Our participation in the UN and all its corrupt activities should also go.

Then, we need to address welfare and entitlements.  Sorry but they have to get cut too.  As humanely as possible.

The cathedral of “education” needs to be starved too.

The entire class of Gooferment drones have to be freed to take on more productive roles.

Unpleasant times for everyone.

The alternative is the fall of Rome.

—30—

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GOLD: The Shrinking Trust Horizon will boost the value of gold

Friday, February 3, 2023

https://www.zerohedge.com/markets/gold-and-shrinking-trust-horizon

Gold And The Shrinking Trust Horizon
Via John Rubino’s Substack,

*** begin quote ***

Last week I posted an article on the implosion of the official vaccine narrative.

That’s a controversial topic so not surprisingly it generated some heat on both sides. And a few readers expressed the wish that I’d stay in my lane (precious metals investing) and avoid venturing into unrelated and less well understood territory.

But believe it or not, the public health establishment losing its credibility is related to precious metals, via something called the trust horizon. It works like this: When things are good and the people in charge of big systems seem to be running them well, we’re content to trust the experts. We keep most of our money in banks, brokerage houses, and crypto wallets that exist for us only as websites. We buy produce that’s grown in a different hemisphere and shipped via boats, trains, and trucks to corporate chain grocery stores. We vaccinate ourselves and our kids according to the schedules set by the NIH or the CDC. We pop pills on our doctor’s orders without doing any research. We eat processed foods on the assumption that the FDA keeps them free of dangerous additives. And we believe what we see on cable news.

In other words, our trust horizon, defined as the distance from ourselves at which we’ll believe what we’re told, is global. We assume everything everywhere is working for our benefit and we’re thus willing to put our welfare in those distant hands.

*** end quote ***

So everytime the Gooferment screws up, “We, The Sheeple” trust it less.

Guess what happens when they realize that their wealth has been stolen by monetary inflation?

—30—

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