>>>> every time I hear a politician call for more funding for this program or that infrastructure proposal I immediately, and without hesitation, wonder whose pockets will be lined? <<<
Yep, my first reaction, I’m afraid, is the same.
Yes, agree - Americans are resilient and resourceful, and there is hope.
Even about the issue of the monetary collapse - its timing is not predictable, but we’ve seen a number of such occasions in other countries. All of them survived.
One example is Russia - a hyper inflationary period in the early 90’s, and their currency, eventually, collapsed. there was a lot of crime, many people suffered economic hardships - others, to the contrary, got rich - but eventually things stabilized.
Argentina - their hyperinflationary cycles are becoming almost the norm. They’re too much in love with the leftist doctrines. I think they’re used to it - no holding cash - and if they do, it’s in more stable currencies - or invested in markets that are doing well - until this year, in the US. Then, later, they print new money - and life goes on.
Israel is another example - inflation started building up soon after the Yom Kippur war - and eventually came up to hyperinflationary levels. Their currency was wiped out. They printed a new currency, and gradually recovered. As the Netanyahu reforms of the mid - 90’s kicked in, they started on a long period of prosperity.
When it happens in the US, there will be an enormous shift - a huge redistribution of wealth - as well as destruction, of course. Hopefully, without serious violence. Hopefully, things will stabilize, and the country will undergo a constructive, positive renewal.
About a possible war…. I don’t think there would be a foreign invasion. Afraid, it would be crazy stuff like EMPs and nukes. Doesn’t have to happen. Hopefully it won’t. |
