I find it easy to get distracted by all the new shiny things we could pay attention to.
However, over the past decade, and especially the last few years, I’ve found the most insightful information to be that of older books, classics, and historical reviews of past global and financial issues that are very similar to today’s challenges.
Here are a few passages from The Party: The Secret World of China’s Communist Rules, that indicate a lot about now and where we’re very likely headed.
China is more focused on itself than the world, but don’t get in their way. They’ve been asking for a seat at the table but have been ignored and treated like the redheaded step child for two decades.
With all the censorship going on in the US, inclusive of the New Twitter under Elon, we are watching our own propaganda machine be used against our own citizens in an open and blatant fashion. Socialist and communist ideals are heavily seeded in much of our progressive views that are being rolled out and championed. The price citizens pay for being sold out to new powers. It happens in most turnings.
In the US, we’ve seen the fallacy, evil, and folly of the “it’s science” crowd. The US strategy into, during, and post COVID looks much more like a bending of the knee to the Chinese and their way forward. Not at all like the gall and ideals of our founding fathers.
With all the censorship going on in the US, inclusive of the New Twitter under Elon, we are watching our own propaganda machine be used against our own citizens in an open and blatant fashion. Socialist and communist ideals are heavily seeded in much of our progressive views that are being rolled out and championed. The price citizens pay for being sold out to new powers. It happens in most turnings.
In the US, we’ve seen the fallacy, evil, and folly of the “it’s science” crowd. The US strategy into, during, and post COVID looks much more like a bending of the knee to the Chinese and their way forward. Not at all like the gall and ideals of our founding fathers.
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2. It’s no different than an individual w/ $100k in credit card debt. The interest expense feeds on itself.
The possibility of pay off becomes zero.
So, the individual rolls the debt to a 12/mo 0% interest card, doesn’t pay it off, & continues spending on the old card. Repeat.
3. If banks have $600b+ of impaired bonds, that can now be borrowed against at 100% of par.
Did we not just create an additional $600b out of thin air? Or 90% of - $540b?
4. A wise man once said, “Therefore, get rid of all moral filth and the evil that is so prevalent and humbly accept the word planted in you, which can save you.” JAS 1:21