@CollinRugg Honest Question: If government doesn't have to balance their checkbook and reconcile spending with taxed income - then why are American's paying taxes?
LONDON, Dec 5 (Reuters) - The Bank for International Settlements (BIS) has warned that pension funds and other 'non-bank' financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps.
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What’s the root cause of the US proxy war in Ukraine? Most people don’t have a clue. Let me explain.
It all started after the 2007-2008 financial crisis that originated in the US. The reliability of the US Govt as a partner in global financial affairs was destroyed.
HUGE
Why?
The Saudi decided to support the US (dollar) in the (secret) 1974 Petro-Dollar-Deal
This was the one and only reason the dollar survived the crisis of confidence, in the 1970’s, after Nixon took the dollar of the gold standard in 1971
The US Embassy in Moscow tells US citizens to leave Russia immediately. The US Govt knows that the Russians know who blew up the pipelines. Anything is possible now. Retaliation is guaranteed.
FWIW, I think it is much less likely, but not impossible, that an EU power helped to pull this off. Why would the Germans green light self sabotage, knowing a harsh winter is already ahead?
Perhaps the ESG/climate hoax extremists are ready and willing, but it's still a big leap.
Two possibilities IMO:
1) the "green energy transition" is not happening fast enough, so this is an accelerant
2) Russia is making billions from leverage over Europeans, so whoever did this is dealing damage to Europe w/ "greater good" of hurting Russia
https://t.co/spg1dSwldv
US exported 112 tons of Gold in July (close to half of domestic annual mine supply); it would appear shipping all of our Gold to Asia is part of doing whatever it takes to get inflation under control: these levels of exports are not sustainable.
inflation would be double digits today but Biden is actively draining the Strategic Oil Reserve to artificially reduce the price of oil.
Joe is sacrificing American energy security in desperate attempt to save the regime.
This should be illegal. Criminal.
Great job by the clueless mannequins at the U.S. Treasury and White House. It’s almost as if the Biden administration wants the dollar to fail. https://t.co/PjZb7oKtQL
It feels like I’ve somehow entered a weird parallel universe over the past 2 years. A universe where common sense and logic are not allowed. I’m sure that many of you feel the same.
I've always said adversaries could not destroy the dollar, only the U.S. could do that to itself. It has taken Joe Biden to make that forecast come true. Argentina and Iran are now joining the BRICS new currency initiative.
https://t.co/QBC9o8vael