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The Trump authoritarians are going to deliberately destroy the dollar
They are coming for your life savings. What the reporter lays out results in catastrophic consequence for individuals, obliterating you entire life savings.
Peter Thiel and the American Apocalypse
https://washingtonspectator.org/peter-thiel-and-the-american-apocalypse/
...there’s one recurring thread that haunts us that people aren’t yet talking about: the debt ceiling, which must be addressed once again by January 2nd, 2025.
As I’ve reported in The Washington Spectator previously, any default on US debt would be unprecedented, sparking a global catastrophe with unpredictable outcomes. How soon we forget — in 2021 Moody’s estimated that default could mean the loss of at least 6 million jobs and the destruction of $15 trillion in wealth. (The COVID bailout packages amounted to about $4 trillion, by comparison.)
As I’ve reported in The Washington Spectator previously, any default on US debt would be unprecedented, sparking a global catastrophe with unpredictable outcomes. How soon we forget — in 2021 Moody’s estimated that default could mean the loss of at least 6 million jobs and the destruction of $15 trillion in wealth. (The COVID bailout packages amounted to about $4 trillion, by comparison.)
J. D. Vance’s selection as Trump’s running mate suggests that Vance’s benefactor, Peter Thiel, is running the show, reprising an aborted effort to run the show from 2016.
A new Congress will be sworn in on January 3, 2025 — one day after we hit the debt ceiling. The Treasury Secretary (presumably Janet Yellen) will then again have to enact “extraordinary measures” to avoid default. That may buy us anywhere from a few weeks to a few months, depending on who is elected President, and who is appointed Treasury Secretary.
This article scares the shit out of me. They are going to put US Treasury assets into unregulated bitcoin reserves.
Vance has gone on record in favor of devaluing the US dollar to boost exports.
A fascist congressman in Kentucky (Massie) put forward a bill to abolish the Board of Governors of the Federal Reserve and the Federal Reserve Banks. And called for the repeals of the 1913 Federal Reserve Act.
Fascist Sen. Lummis (WY) proposed to establish a strategic bitcoin reserve. Bitcoin is sociopath Thiel's thing.
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