(Trump's tax plan (give more to the ultra-rich and Big Business) coupled with BRICS' war on the US dollar are going to drive up the deficit like nothing we have seen before. This will make the banksters of our for-profit Central Bank system happy as they will have to print more money of ours then LOAN it back to us at a profit. However, Trump plans to offset those deficits a bit with his DOGE operations, run by neoliberal billionaires like Elon Musk, Vivek Ramaswamy and Peter Theil. The plan is to offset the deficit increase caused by his tax cuts for the rich and Big Business by taking shit from the people. Then, as if that wasn't bad enough, they plan on increasing TARIFFS across the board, which are taxes paid by us which will not hurt other countries while causing massive inflation. Those taxes however will help keep the deficit inflation in check, which is what he is doing. In short, the billionaires Trump has in his cabinet and those he serves, intend to make YOU pay for THEIR windfall. It's that simple)
(So DOGE Ramaswamy and Elon Musk want to cut 2 trillion from the deficit huh? What an odd number. Guess where they got it from? That is EXACTLY how much billionaires saved by not paying taxes after Trump's 2017 Give Money to the Rich tax plan went into effect)
from the NYT
An unpaid group of billionaires, tech executives and some disciples of Peter Thiel, a powerful Republican donor, are preparing to take up unofficial positions in the U.S. government in the name of cost-cutting.
As President-elect Donald J. Trump’s so-called Department of Government Efficiency girds for battle against “wasteful” spending, it is preparing to dispatch individuals with ties to its co-leaders, Elon Musk and Vivek Ramaswamy, to agencies across the federal government.
After Inauguration Day, the group of Silicon Valley-inflected, wide-eyed recruits will be deployed to Washington’s alphabet soup of agencies. The goal is for most major agencies to eventually have two DOGE representatives as they seek to cut costs like Mr. Musk did at X, his social media platform.
This story is based on interviews with roughly a dozen people who have insight into DOGE’s operations. They spoke to The Times on the condition of anonymity because they were not authorized to speak publicly...
read more here
Skeery things here tells u how bad it already is both countries.
ReplyDeleteThis is a usa blogger.
3/8 USA have more CC debt than retirement savings.
SSEC monthly pay national average is only $22,500/yr (1875/mo).
78% of homies usa living paycheck to paycheck.
22.4 MM renters (all ages) can't afford their present rent
$1.1T in total CC debt USA.
10 SCARY Retirement Statistics As We Start 2025 (We're In Trouble)
retirearly500k
10 minutes
https://www.youtube.com/watch?v=IfUAz7n6V9g
Noted by many channels.
ReplyDeleteJanus has had the begging bowl to china out several times, not just once.
FED/Treasury need to issue $840B of new debt bonds/notes just this 1st quarter!
Remember uk is the leading edge of the avalanche which will hit all g7 countries (almost certainly by 2028 or 2030, YES THAT SOON because again those dates are 1618 and 1620 years from the 1st fall of ROME AD 410.64!). Each PHI and "full PHI" X 1000,
The 2007 GFC, starting early in Feb with HSBC , was a Fibo 1597 years from Rome date. Then in fall (pun), Northern Rock (a huge trade guild we call a credit union), plus RBS and Barclays blew up.
SO IT ALL STARTED IN ENGLAND/UK, and it will lead in the short term to 2028/2030.!!
US 10-Year Note Price (falling as interest rates UP):
https://finviz.com/futures_charts.ashx?t=ZN&p=d
UK goes to China with a begging bowl as bond markets are in free fall
The Sirius Report (paul, slow talker quite dry)
https://www.youtube.com/watch?v=dnfaxyuJny8
Is Great Britain Finished? The Debt Crisis Unveiled
Charles Kelly Money Tips Podcast
1.1K views 16 hours ago
14minutes
https://www.youtube.com/watch?v=smyXgIM0lWg
recent note 2 weeks ago mentioned the $10 trillion of maturing US debt this year 2025, with about $6 trillion being bills and $4 trillion being longer term notes. Those notes will likely refi also about 200 bps above the maturing rate. On $4 trillion, that’s an added $80 billion of interest expense and doesn’t include the about $2 trillion extra of debt the US government needs to sell just to finance the budget deficit.
And as more and more wealth is sucked upward to the top 0.01% and less, either blatant tax giveaways, through rampant corruption, insider deals, illegal monopolization, etc. the entire system heads toward a vanishing point implosion, which coming will be 10 times worse than Lehman in Sept/2008.
ReplyDeleteHere's us, where to mention likely few follow this or know this, Turdo's "anti-monopolization watchdog" federal agency just a few years ago did exactly what they were supposedly there to not allow, further concentration/monopolization of any sector, by allowing the merger of IIRC Rogers and Bell in the cell-phone data transmission field, when we had already by far not just by a few % BUT BY SEVERAL TIMES the highest data usage rates in the G7!
8 Alarming Reasons Why Canada Is on the Brink of Collapse
GlobeScope
6.4K views 2 days ago
AND, further reminder how the average shitizen is being F'd over out of desperation when so many can't even afford RENT!:
Predatory Payday Loans are Making You BROKE in 2025...
Zac Rios
20 minutes
https://www.youtube.com/watch?v=LxnjROPlfRQ
1.2K views 17 minutes ago