(Left: The always entertaining Donald Trump. But of course, he’s their man, and the way they wheeled him in on a wave of populist resentment, that’s just their thing, they’ve done it a thousand times and more before.)
It stood at $19 Trillion in 2016. It’s now sitting at $26 Trillion.
And no, it’s not mainly ‘covid’, although it definitely helps, he was already running Trillion dollar deficits, and remember: the Fed was already bailing out the Banks on the repo market to the tune of …a Trillion. Per day.
I’ve been looking into the Fed’s statements on their own website, as the Media has reported exactly nothing about the repo market since about March 20th. It does seem that for now the repo market interventions are over, but it’s a sure bet that this is only because of these multi Trillion asset purchasing programs, which allowed the Banks and other ‘financial institutions’ (known in earlier, more naive days as pirate nests) to off load some of the derivative trash they had been piling up.
But that exploded the Fed’s balance sheet from an already problematic $4, to $7 Trillion bucks.
It’s a matter of time before that first round of ‘asset’ (junk) purchasing by the Fed will cease having effect. It’s all being thrown at black holes that just keep growing, the more money they suck up.
How long that will be is anybody’s guess, although at the Treasury and the Fed they have a fair idea, rest assured. But considering the Martial Law that they installed in March, it’s pretty clear it won’t be too long. Mnunich only the other day had to promise another Trillion to prop up the Stock Exchange. The ECB and BoJ will undoubtedly step in too, if only to slightly take the heat off the Fed.
Again (sorry, I can’t help myself), all the experts on ‘exponential growth’ may want to look into this particular graph. This is how ‘covid’ should have conquered the World, but it’s really the debt that does that.
Compound Interest, baby. Greatest force in the Universe.
At any rate, this is what is really at stake. At this speed, Trump will add another 7 to 10 (remember, it’s going faster and faster now), meaning the debt would be at about 35 Trillion in 2025. And, of course, it goes without saying, this is just the national debt. The People themselves are drowning in debt too, as are businesses.
Meanwhile, the economy is going through the lockdown implosion. Beautiful stories about ‘2 million new jobs!’ are very pathetic, after shedding a few score million, not to mention about a third of small business. Tax income is down about a third in many places, including undoubtedly the Federal Government.
Rentseekers are getting annihilated too, everywhere, in different countries, different sectors of the economy, you hear the same stories: 25% to 50% of rents are not getting collected. Good riddance, of course, let them go find a job and add some value to someone’s life, instead of sucking blood, but in financial terms this is the funniest disaster ever, and will obviously destroy a really great many speculators. Which perhaps sounds better than it is, because they will take a great many people with them. Many of those getting destroyed are guaranteed to be the small time landlords, all this is going to achieve is massive consolidation.
As always, those that control the debt, control the Democratic and the Republican Party. Through Masonry, through bribes, through blackmailability by sex crime. All the high drama, ‘impeachment’, ‘Soleimani’, ‘lockdown’, ‘BLM’, it’s all orchestrated to both distract from the biggest financial and economic disaster in the West’s history, and to corral their different groups of slaves, dependents, driving them in the desired direction.
In previous times, they used clubs and whips. Now, they use mind control. And don’t let that comfort you, because the clubs and whips, they will be coming back shortly too.
Zionism and Capitalism for the Right, Bolshevism and Nihilism for the Left, Usury and World Government for us all.
Anthony Migchels is an interest free currency activist and founder of the Gelre, the first regional currency of the Netherlands. His articles can be found at http://realcurrencies.wordpress.com. Contact him at [email protected]
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