Raise the debt limit cleanly

Speaker McCarthy and MAGA Republican terrorist are trying to hold America's and the World economy hostage. This after they rubber stamped Trumps tax guveaway to the top 1% that exploded the debt more tben anyone else in US history. . Republicans need to pay the bills they have racked up!

Democrats cleanly Raise the debt three times under Trump. Also the righteous Biden has lowered the debt in just 2 years then most have in four or eight years.

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whowasthatmaskedman · 70-79, M

In terms of Americas needs you are correct...But lets see the bigger picture for a moment, since America seems intent to throw itself on the economic scrapheap of the world..The $US has had a good run. almost 80 years as the go to currency of the world. And in that time it has done a lot of good..America was a trading and development powerhouse and deserved its place. But gradualy the rot of corruption and self interest has set in and America has become a "taker" nation on the world stage to benefit its own..And more lately, to benefit only its own rich and well connected.. And now that trend is spreading to other countries in the form of a right wing political resurgence..Since is seems likely Americans wont do anything drastic about this, being horribly divided amongst themselves, I think it might be worth a global recession to flush the $US out of the global trade arena and put it on a par with other regional currencies...😷

SumKindaMunster · 51-55, M

@whowasthatmaskedman

whowasthatmaskedman · 70-79, M

@SumKindaMunster So this is supposed to mean you accept I am correct, but are sick of hearing about it??😷

SumKindaMunster · 51-55, M

@whowasthatmaskedman No, it just means that you make this point EV-ER-Y chance you get to make it.

whowasthatmaskedman · 70-79, M

@SumKindaMunster True. But it is a pretty important point.. And so many people are still saying it isnt so... I do talk about other stuff...😷

SumKindaMunster · 51-55, M

@whowasthatmaskedman I guess I have an issue with how giddy you are about this. What's so fucking funny about the collapse of the world economy and world order?

You may think this won't impact you, but it will, as well as the people that you care about.

I don't' understand why you are so excited for this. It seems like you advocate for the collapse of the Western world and thinks its funny.

whowasthatmaskedman · 70-79, M

@SumKindaMunster We actually totally agree on this. First it will effect us,worldwide...Just like the Global Financial Crisis, which was Wall Streets making and the rest of the globes fault for buying into.. And just like that one, your government will do its best to cover its @SS and try to protect the rich by bailing them out ( I dont differentiate here Republicans or Democrats will do the same..) And No, it was never funny for anyone. Pardon me if I skip a few steps here. Or this will turn into War & Peace..But America has been bouncing off one cushion after another, avoiding a recession it needed asfter the Dot com bubble and bust. Exch time they created the next bubble. Derivatives, Real estate. and the ammo to support it like the ninja loans. and each time the bubble burst they bailed out the guilty, by printing more money, the value of which held up because other people wanted $US to use for trade (all this stuff it what I have been harping on about for years, as you say. And the reason I have been harping on is because at any time Americans could have bitten the bullet, had the recession they needed to restore Balance to the value behind their $ instead of printing more and diluting it further..But they didnt)
Now recessions are like avalanches.. If you delay having it, it only gets bigger and happens later and is more destructive.. I have been warning about this as well..
Thats the backstory.......
Now here is how it plays out.
China is winning the economic world war 3 as we speak.
They are about to destroy the only weapon America has left to fight with. The $US being the reserve currency for trade which keeps the $ artificially in demand. Knock out that key stone and the avalance starts. But this time no one wants the $US and the value in exchange plummets. It could go as low as half the current value, but thats a gloomy guess. So the price of every import to the US doubles.
Now at this point things are bad for everyone,. We all catch a trade recession. How bad will vary, because China and its money will be there and will decise who gets what help... So some will get support, credit and trade.. And maybe even have their spare $US bought off them cheap, just as a friendly gesture.. So China is the global good Samaritan..
Domestically in America, they keep printing $ to the point where they will have value only for what you can produce locally, so no one will starve. (unless the government allows it) But in terms of standard of living, at the very least you are going to have to rebuild industies in all the jobs you shipped overseas. There is a decade gone.. And you will be paying massively higher labour costs.. And that is the optimistic outcome IF every American gets behind the cause as they did in World war 2, to get production up and support the government. And we both know how likely that is..
So. No.. It is not with glee or delight I predict any of this. Its a frigging disaster globally and particularly for America, because you will be in the past like the British Empire.. In fact my sense of irony called up the Monty Python "Life of Brian" "What have the Romans ever done for us" skit.. But I do confess a certain "I told you so" satisfaction to some of those "people" here who would rather use insults to express themselves by finding a defence in facts, or better yet, looking at the facts and seeing whats coming. The Roman Empire wasnt too big to fail, Nor the British, Nor the American. I am sure the turn of the Chinese will come. What I am not sure of is how they will deal with America. An invasion would be stupid, they will already own the place.. Probably look to Hong Kong for a guide,,,
Just a little something to lighten the mood:
[media=https://youtu.be/Qc7HmhrgTuQ]