24 Mar 2023 12:32 pm
Let me open your eyes for ya ....razoo » 23 Mar 2023, 3:01 pm » wrote: ↑ Every administration does deficit spending so what's new. Trump is a reckless spender thus democrats have to spend more to clean up the mess that fake republicans leave behind. There has been a fukking mess since the days of Reagan/Bush BECAUSE Supply Side Wrecknaomics is based on borrow borrow borrow and spend spend
spend.
Supply Side Wrecknaomics is a tax dollar money hole = Reagan forgot that part when he was making reporters laugh instead of answering questions.
supply side economics and deficit spending does work when you are the world's #1 super power and controlled the global fossil fuel industry while every country in the world lined up to fill their coffers with American Petro dollars .....which ensured enough revenue and investment in America by those same countries to cover our debt payments.
and we enjoyed 30 years of being the most successful economy on the planet....
but that all changed June 16th, 2009 ....14 YEARS AGO when the BRIC was formed.shortly after the crash of 2008 in response to the volatility that the western banking system unleashed upon the world.......or so the story goes.
And now we are no longer the world's #1 super power ...
The Petro dollar is dead almost everywhere except North America and Europe ....
Investment and revenue in America by those countries who once line up for days to do business with us is down sharply over the last 14 years ....
which is why deficit spending in the western world is doing more **** harm than good now ....a
And it's not a matter of if but when the world pivots to the yuan our debt will become unsevicable and our dollar and it's buying power will be reduced to that of 3rd world status ....
and right now ....
All western government's are heavily deficit spending trying to prop up their respective countries while trying to keep their populations ignorant of the fact that the western world is almost broke ....
And true to form .....
the idiots running those countries including ours are hoping conflict and war will bail them out like it has previously ......
but it won't this time ....
because like I said previously ....
we are not the #1 super power like we were just over a decade and a half ago.....and we probably will never be again .....
I find it Ironic that The Idea of globalism that the west tried and is still trying to push is in fact become the bane of our existence .....