Are You Ready for the Coming U.S. Government Default?

 The vast herd of investors are deluded

• Optimistic investors are a deluded crowd
• The reality is the major stock market indexes have much farther to fall before the bear market is over, regardless of if the Fed pivots anytime soon
• Investors, workers and voters don't have a clue as to the ramifications for the real, Main Street economy

No Clue

• Fiscal policy, as opposed to monetary policy, is more readily understood by workers and voters.
• The effects of zero interest rate policy (ZIRP) or quantitative easing (QE) are less apparent to the casual observer
• Politicians may make superficial remarks about consumer price inflation if they think it will score points with voters
• But actual currency debasement policies are rarely mentioned

Gimme My Stimmy

• The Fed can get away with debasing the currency to juice financial markets and finance bloated government spending programs when cheap, imported goods fill the shelves of Costco and Walmart
• After flooding the economy with upwards of $5 trillion to combat the effects of despotic coronavirus lockdowns, the Fed has produced a problem that won't simply go away
• People want more stimmy checks to somehow combat this

Are You Ready for the Coming U.S. Government Default?

• As the Fed hikes interest rates to contain the raging inflation of its making, the cost of servicing government debt increases
• Radical policies will be hatched to cover the shortcomings of prior blunders
• One possible swindle is the issuance of a digital dollar - a Fed or government issued central bank digital currency (CBDC) which is traceable and programmable

https://economicprism.com/are-you-ready-for-the-coming-u-s-government-default/