Video slot machine are HUGE in senior centers. I'm still shocked at how many people actually play digital slot machines as the odds of winning posted on the machine are literally the odds of winning.
345 karma · joined May 23, 2015
Reality check: US debt to GDP ratio is over 120% and the US doesn't have the credit to borrow anymore. We're looking at hyperinflation and a long depression unless they stop printing money and we experience massive austerity/spending cuts. We are literally in an economic death spiral (that's what a debt to GDP ratio of > 120% means) and that death spiral will be irreversible by 2028 (with US insolvent by 2042) as that WAS the timeline for when all of our loan payments for all of that printed money/bailouts goes only to the interest on the loans and not the principal. Unless of course, they change all the rules and it's laws for thee but not for me and debt starts getting erased. And/or war, which is historically how they do it.
This is because by 2028 all of the payments we make on the loans for all that printed money will only be going to the interest, not the principal, and the spiral will be inescapable. (unless they change all the rules/trow them away which is where things like war and The Great Reset come in.
What does this have to do with the banks failing? There will be no more stimulus or bailouts, that's what. FDIC will be lucky if they can cover insured funds. Social Security it has already been reported will be bankrupt by 2033. The money supply has already contracted 2% and historically I think only once when that happened we didn't go into a deep recession or depression. Depression because of what I stated above is on the menu.
Cling to your jobs, folks, save all the money you can, cut all unnecessary spending. The next decade if we're lucky will not turned out like last century, but I'm not holding my breath. All that free money given to cronies by politicians leads to this. This is why you have a god standard and don't use fiat currency. So you can' spend money you don't have politicians buying votes with bailouts and handouts.
By IMF definition the US is in an economic death spiral that will become irreversible by 2028, meaning all of our loan payments will go to only the interest and not the principal, putting the US on track to insolvency by 2042.
We can't do any more quantitative easing because we can't print more money. That road we've been kicking the can down since Bush was in office, hell since Nixon took us off the gold standard making overspending for political points and cronyism and criminal profiteering possible -- we're at the end of it. Hence the Fed raising interest rates, forcing the people who took all that money to move it out of the stock market and into bonds so the government can keep it's head above water and make loan payments.
Yes, it's all fake virtual money that can be written down. But not without completely disrupting civilization by requiring The People to follow one set of rules and laws, and it's Elitist rulers to follow another.
A balanced budget amendment is required, as is strict control and regulation of social security and medicare so they cannot be used as slush funds. On top of that, MASSIVE spending and entitlement cuts -- MASSIVE austerity for everyone is required to give us even a chance of solving the problems. That's almost what we are doing now. It'll get worse because there's no path to it getting better. This is the point where historically there's a war. Hence all the ramp ups in military spending and growth by the US, Japan and China at the very least.
Amazon just had to take out an $8B unsecured loan to be paid back in a year to cover operating and capital expenses. Despite what the government is telling you, things are really bad and about to get a lot worse. The lowest hanging fruit/the least valuable employees get cut first. That's how they stay in business. That's the smart business move unless they can pivot.
Companies can't just borrow and spend anymore they actually have to be sustainable. Amazon gets loans to buy inventory and equipment and pay employees so they can stock their warehouse and then they pay back those loans later after it's sold. If they don't sell that inventory because consumers have no money they still have to make loan payments so it becomes more costly to them over time and if they want to break even they have to raise prices. This is inflation.
The Fed raising interest rates makes borrowing money to do this more expensive so they don't do it or do it less. Money in the economy evaporated in November 2021 with the announcement of Quantitative Tightening and the end of Quantitative Easing. That means getting loans and free money became expensive and private investment in the markets/companies evaporated. This forces inflation to come down because they can't keep borrowing and inflating. They have to stock just what they can easily sell or they find themselves imploding as they can't pay back their loans. Pretty much every industry is going through this, hence all the industries collapsing. You will see a lot of companies that have been struggling go out of business.
Why is this happening? Free money basically. Our government pandered to political interests (voters and cronies) and overspent for decades, kicking the can down the road and we're now at the end of the road.
The US debt to GDP ratio has been over 120% since 2020 which by IMF definition is an economic death spiral. That means the US is underwater, we don't produce enough money as a nation to pay our bills. By 2028 that death spiral will become irreversible, meaning the payments we make on our loans for all that free money --the bailout money, stimulus checks, the entitlements, that omnibus, the inflation reduction act-- will only go to the interest and no longer the principal. That sets us on track to be insolvent by 2042.
Yeah I know, crazy right? But why? Because when this happens all those companies and private investors that poured money into stocks and venture capital can't rely on them for profits so they instead buy government bonds. They don't give as high of a return but it's guaranteed money in a down economy so they do it. The result is the governmnet receives the money they need to pay their bills and all the those living off free money get a reality check and have to live and operate within their means.
And balance is restored to the universe. Unless people try to cash out their bonds and find the government is bankrupt. This is why government spending is bad folks. They manipulate the economy to prop it up and print money until the Ponzi scheme fails. Rinse and repeat or pass a balanced budget amendment and demand our government stop spending money on pointless wars and entitlements that buy them votes or kickbacks. As long as there is government debt, as long as the government exists, the cycle will repeat. We'll just have to wait and see if we survive this time. Where we are at the end of the road is unprecedented. This has been building since we got off the gold standard which is what allowed them to overspend money we don't have.
Historically this is when there's a world war or a collapse of civilization/Dark Age because most nations are in the same boat. Decadence gets the better of us and lack of restraint (dare I say, conservative behavior) leads to this moment in history once more.
Obviously there's more nuance to it than just that, but that's a concise rough summary of what's going on.
The US debt to GDP ratio has been over 120% since 2020. By IMF definition >120% means the country is an an economic death spiral. The government can't pay it's bills (all those loans for all that free bailout money.) By 2028 the US will only be making payments on the interest on it's loans, not the principal, which is the point of no return/when the economic death spiral becomes irreversible with US insolvency by 2042.
Those are just the numbers and the timeframe. Look at how many countries are >120% and how they are each able to manage the problem (or not). The best example is Japan who can manage it even with lost decades because they are incestuous with their own money and resources. This has been a global economic crisis that has been hidden/ignored since at least 2014. Do a search for economic crisis and you'll see how long this has been going on and how long the government has had a timeline for it's own bankruptcy. Yet they overspend and prop up the economy for political purposes. China built entire fake cities to prop up their credit rating just so they could lend the US money.
Anyway, as interest rates go up, private money goes into T-Bills, not stocks. That's what raising interest rates does. Private investment evaporates and smart money goes into stable not risky volatile assets whose price doesn't move much or at all (historically cash or gold), or those with best guaranteed returns, such as bonds. That's why T-Bills returns on short term bills are so high (if you trust the government can pay their bills, which they can't. They are betting on future growth and earnings, which comes with innovation, and barring solid state batteries, cold fusion or zero-point energy, we're all out of value innovation.) Soylent Green maybe??
So all that free money from the government with low interest rates on borrowing gets paid back before the government goes bankrupt. In theory. In reality it just excuses more overspending by government at the taxpayers expense. (just look at the past 20 years for reference.) Either way, recession is already underway despite what the government is telling you. The question is are we due for a depression. Barring some technical innovation/catalyst, all indicators point to yes without some major overhaul of the global economic system where debt is forgiven, digital currency which would end up working like a stock split, or war, which is the historical solution.
Just a simple explanation of why inflation isn't going down is in this video: https://youtu.be/COZocfFifQw?t=423
Apply this to most businesses/business models that took advantage of free/cheap/easy money for the past 10 years but didn't shift/pivot to a sustainable business model moving forward. Businesses will need to fold en masse before things START to change,(all the sick people dying off makes what's left look healthier) and that's going to kick into high gear starting his year. Systemic failures started in 2022. Just look at the food supply chain and the energy crisis that was created in the name of green energy and you'll start to wake up to how disastrous things have gotten thanks to energy and foreign/trade policy.
It's an ion transport channel facilitator. It's never been alleged to work by itself to my knowledge. It allows the immune system to work better especially when used in conjunction with other agents (z-pack and ivermectin for example). It's effectiveness and molecular mechanism was well documented from the beginning. I learned about it in March 2020 and was able to read up on it and it's use in treating covid before social media started banning anything that referenced it. But it, like ivermectin (an equally well documented DNA replication inhibitor) were demonized and mocked despite the vast body of research on it and it's use.
Australia had great research (though small sample size, it was thorough) on it's use and effectiveness at the beginning of the pandemic and it was shut down despite it being clearly explained the strict conditions under which it was effective (treatment within the first 8 days of showing symptoms, used with z-pack, etc). They even had research quantifying how it's effectiveness dropped without the z-pack components or as those treated didn't start treatment until 8 or more days. Not a controlled study but even Idris Elba was treated with it and raved about it's effectiveness in conjunction with the z-pack. It was all over the news before Trump mentioned it and then BAM! Censorship and propaganda campaign against it.