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Rug pull ahead

نشره Fat Tail Daily · أستراليا منذ 26 د
Rug pull ahead
Fat Tail Daily

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What’s wrong with peace and prosperity? The press is reporting that the administration is ‘doubling down’ on the very policies that voters seemed to reject last week. The post Rug…

Picking up our theme from the last few days, it would have been so easy for Team Trump to throw the swing voters a bone. Not a trumped-up $5,000 bribe…but a real bone, with some meat on it…something they could gnaw on.

A war on inflation, for example. Cut spending. Call off the bombers. At least, Republicans could have pretended to be headed in the right direction. They might even have pretended to rediscover that ol’ Eisenhower-era religion — money in the bank and soldiers in their barracks. Pretending is something they’re good at.

But no! And now they are faced with a Democrat-controlled Congress, and — mirabile dictu! — even more anti-voter policies. In a larger sense, anti-voter policies are almost always what politicians offer. They take money from the taxpayers and use it on themselves and their crony projects. Washington Post:

En gros, Republicans favor more for the military. Democrats favor more for domestic giveaways. They compromise…by agreeing to spend more on both of them! The balance shifts…like passengers moving from one side of the ship to the other…but the course continues unchanged. And as we saw last week, they’d rather lose an election than give up on the ‘spend and bomb’ agenda. An election loss is a temporary setback. Money not taken and spent may be lost forever.

And they’re doing this in the face of $40 trillion in debt…$2 trillion deficits…and handwriting on the wall so large that even a blind person can read it with his eyes closed:

When it comes — and it shouldn’t be a long wait — it will almost certainly boost the deficit beyond the $3 trillion mark. If there are any fingers still with a grip on the ledge, that should crush them.

And yet, there is zero interest among politicians in avoiding the inevitable fall.

‘And don’t you tantalize us with dreams of wealth beyond our imagination?’

Pity the poor hapless speculators who bought the Trump family meme coins. The idea was simple enough. The dollar is not real.

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