Merry Christmas!
This is the headline you won’t see anywhere else:
The Russians have won the war, and yet the EU just sent Ukraine another $90 Billion Euros. Sadly, the 450 million people living in the EU have zero say. They are being bullied into a war that they may end up fighting, and dying for. See WWI and II for historical anecdotes.
Putin puts the EU in their place and calls out their terror tactics of using Russian assets (money) to fund the Ukraine war. This idea, from the Biden Administration, has dire dire consequences. In a globally connected world—especially in banking—pulling bank accounts and stopping payment or literally stealing other people’s money sets a huge precedent. Russia and China can play that game too. And remember when PayPal and JP Morgan and Bank of America and Citibank and Wells Fargo did it to conservatives—did not allow you to access your bank account? Americans will drop out of the system…and they are. Segue—
America nearing economic collapse.
Trump stacks the deck at the Securities and Exchange Council with Republicans. Initially created to be a bipartisan effort after the Great Depression—3 commissioners from President’s party, 2 from opposing party, the Financial Times is worried. But for the wrong reasons. They are worried that Republicans they will favor certain sectors of the market over others and possibly turn a blind eye to the worst offenders—ostensibly their Republican friends. While that may be true, that’s not the real issue. The real issue is none of the politicians have any idea what they are doing, Democrat or Republican. They are shills—and members of both parties have failed the American people year after year for decades.
The Debt to Gross Domestic Product (GDP) in US now at 100% — which means the US owes more than it produces each year, and if not dealt with, and it’s not going to be dealt with by our politicians, the USA will collapse.
Silver, Gold and Crypto continue to grow, the dollar in a free fall. Here from the WaPo:
That’s all you need to know to make a sound decision. Bottom line: Trump is stuck. America is stuck. And Washington is 100% to blame. Your government continues to fail you and your loved one’s day in and day out.
I remember my father working at a state college making about $35,000 a year to support a family of 5 in 1983. If the dollar had lost 10% of its value, my father’s buying power just dropped $4,200, effectively reducing his salary to $30,000. The dollar has dropped that much in 6 months. Oh, wait, it gets even better. Last five years, the dollar has dropped 22%. So, back to Dad. If he didn’t get a pay raise for five years, his $35,000 salary was worth $27,300. So, thanks to the Republicans and Democrats “serving” in Washington, my dad loses nearly $8,000 annually, or $40,000 over 5 years. This is a microcosm of America today. No raises, layoffs, and the dollar will have a Black Tuesday moment, like the Russian ruble did in 1994—losing 25% of its value in two hours. Don’t think it cannot happen here.
COMING ATTRACTION: The US will default, AND, it will no longer be the world’s reserve currency.
In a semi-new development, we’re witnessing the TRUMP COLLAPSE: Elise Stefanik joins Marjorie Taylor Green and hits the exits. Bongino ejects—but I have go to say I saw that one coming having worked with Bongino before. He is an unreasonable hothead. And Trump, the “peace president” has an embargo on Venezuela, airstrikes in Syria, and drops bombs on survivors—committing a war crime if Geneva Conventions mean anything at all. And Trump’s prime time address, well, like many conservatives said, the worst prime time speech given by a president in history. Sad. What is going on?
Epstein? Epstein? Anyone, Epstein?
The good news in this fallen world: The Story of Christmas.
