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Perhaps we will survive into next spring, may be a year. Then again, collapse starts slowly and then goes very fast.
Every month, another huge 20lb bag of rice. If I don't use it and things get markedly better, one can always donate it.
There will be a big debt jubilee at some point and a reset
We have plenty of energy and agricultural reserves to tap, it's just a matter of telling the leftoids to fuck off with their pronouns and climate change, I mean manbearpig.
There will be a big debt jubilee at some point and a reset.
We have plenty of energy and agricultural reserves to tap, it's just a matter of telling the leftoids to fuck off with their pronouns and climate change
Comments 1 - 10 of 88 Next » Last » Search these comments
"Today the US government’s debt to GDP ratio is about 120% and its budget deficit is forecast to be about 7% of GDP this year A 300 basis point [interest rate] hike should increase the budget deficit to about 11% of GDP. Since 1991, all 18 other governments with deficits exceeding 11% of GDP and debt to GDP ratios exceeding 110% defaulted within two year. Thus, the Fed could soon be trapped: raising rates could trigger default and not raising them could leave inflation unchecked. Similar dilemmas in other countries have often caused extreme crises, e.g., Argentina Brazil, and Venezela; the US may soon join the club.”
- Luke Gromen in FFTT Tree Rings, 15 July 2022, quoting Hirschman Capital Year-End 2021 Letter.