Can the ponzi last through the next election cycle?
Fitch downgraded the United States’ long-term credit rating as expected. This is basically the reason:
Thank you Barak, Donald, Joe, Janet, Jerome, Ben, US Congress et al.
My question is, can the ponzi last through the upcoming election cycle? Instability rears its ugly head from time to time like an alcoholic realizing he is slipping into the abyss. SVB bank, commercial real estate, Fitch credit ratings....
How easy or difficult will it be for the party in power to pin it on the other party?
Oh well, I guess we'll just let the good times roll... for now.
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Yes, it can. But I'm glad people are finally waking up that this is a ponzi scheme.. America will make it last as long as they can. But China will pressure the rest of BRICS and the Saudis to pull out of the Petrodollar, which will send the US into freefall. The time they pick will be when the other currencies are relatively recovered, to buy up as much US real value (property , business and other assets) as they can with their own currencies..(Because the $US wont be the global trade currency any more..) And that will be the final battle of WW3, which is the economic war being won by the Chinese..😷
@irishmolly72 Sorry. Thats just not so. True China has a huge real estate bubble that is in fact a massive corrupt ponzi scheme.. But it needs to be seen in the light of a centralized economy with government controlled banks and no elections., In short, the government can turn to all the investors and say Too Bad. So Sad. And thats the end of it..Nothing they can do and a clean slate tomorrow...And China is producing for its own internal growth..As well as global export..They can fix this in one hard winter.. 😷
