We can't save everybody. If we try and save everybody now, other people will die in the global economic depression we're actively plunging into later. If we try and save these people, then more people will die now. Which do we prefer?
That is absolutely true. The depression we are going into is going to make the great depression seem like child's play. And back then we still had money that had intrinsic value. Now we have money that is nothing but debt. It has no value whatsoever if people can't pay what they owe. Fiat currency is nothing but a scam. A ponzi scheme.
And we are now entering a time of extreme debt creation by the Federal government. They have already added multiple trillions of dollars to our deficit spending which was already putting us further into debt at $1+ trillion a year. And doing that in an economy that is shrinking rapidly means major inflation. Prices are going to skyrocket and goods are going to vanish off the shelves.
I was looking for whole wheat flour tonight on the web in a bulk quantity because we bake our own bread. I couldn't find a single supplier that had a 50 lb sack of whole wheat flour available. And those used to be so common that flour in that quantity was less than a dollar a pound. Now the price is more than $2/lb and no one has any.
Another aspect of this is that zombie companies make up at least 10% of the total number of businesses nation wide. World wide it is even worse. It's 13% world wide. What's a zombie company? A company that is hanging on through debt. They aren't actually make any profit. They are going to be declaring bankruptcy left and right with huge job losses. And how many businesses that have been making money but have had their supply chains broken through this international panic are going to survive a few months of disruption? Who knows? It may be as small as 5 or 10% or it could be as much as 50% as corporate debt is at all time highs meaning a lot of companies are going to have to close their doors because their revenue stream has vanished.
It just seems like hardly anyone understands this stuff. I've been warning people here for a couple of years that extremely bad economic times were coming . That our economy was very fragile because of all the debt, and urging them to prepare for very hard economic times.. No one wanted to listen.
I tried to tell you all because I care about what happens to my fellow man, but I was considered to be a rash, ignorant, conspiracy nut who was out of my skull. Well,those times are now here. The banking system broke in September, and this very suspicious pandemic just advanced the timeline is all. It's the deep state's final push to get rid of Trump. And he is the only president within the history of the US that has ever said during hard times that the common man was going to get direct help even if it's not equal to we're going to lose in the economic crash. But at least he cared enough to insist that we, the little guys, got some help.
And yet we hear nothing but visceral hatred for Trump coming from almost all corners.