And almost immediately saw an article title to the effect that those who buy Treasuries don't pay attention to ratings. Had a good morning laugh at that! This may be the start of a spiral in percentage of debt that is interest and further downgrades.
And almost immediately saw an article title to the effect that those who buy Treasuries don't pay attention to ratings. Had a good morning laugh at that! This may be the start of a spiral in percentage of debt that is interest and further downgrades.
Yeah lol that's pretty stupid. I think the avalanche of downgrades & defaults is incoming. But then COVID & CARES Act taught me the powers that be are far more crafty and insane than I ever imagined. They will do Whatever It Takes! To keep this beast system going.
Such is the way when all empires crumble. I mean a good indicator of that is the way the culture is imploding, the quickening descent of morality and the fact that those that watch/listen to/readead mass media don't recognize their product as cartoons aimed at the mental capacities of school children.
Indeed I think it's true traditional inflation-the artificial creation of currency and credit, that's overtaken and overwhelmed all previous empires. Such is the timeless fate of this empire too. And it leads to all the cultural collapse. In hyperinflation, it becomes useless to invest in business and production. Speculative Mania, is what's encouraged and rewarded. The financialized economy. When the economy is contracting, issuing more currency only leads to more speculation and FOMO chasing. such is what we've seen a lot of since 2020 CARES Act. And it gets harder to find true adults, and TV/Movies/Hollywood are virtually devoid of them.
And almost immediately saw an article title to the effect that those who buy Treasuries don't pay attention to ratings. Had a good morning laugh at that! This may be the start of a spiral in percentage of debt that is interest and further downgrades.
Yeah lol that's pretty stupid. I think the avalanche of downgrades & defaults is incoming. But then COVID & CARES Act taught me the powers that be are far more crafty and insane than I ever imagined. They will do Whatever It Takes! To keep this beast system going.
Such is the way when all empires crumble. I mean a good indicator of that is the way the culture is imploding, the quickening descent of morality and the fact that those that watch/listen to/readead mass media don't recognize their product as cartoons aimed at the mental capacities of school children.
Indeed I think it's true traditional inflation-the artificial creation of currency and credit, that's overtaken and overwhelmed all previous empires. Such is the timeless fate of this empire too. And it leads to all the cultural collapse. In hyperinflation, it becomes useless to invest in business and production. Speculative Mania, is what's encouraged and rewarded. The financialized economy. When the economy is contracting, issuing more currency only leads to more speculation and FOMO chasing. such is what we've seen a lot of since 2020 CARES Act. And it gets harder to find true adults, and TV/Movies/Hollywood are virtually devoid of them.
Chilling. I'm going to have to look that up, thanks!
Yep. A key indicator of decline is the attempts to normalise perversion and pedophilia. We are there.
And why is that I wonder?