I submit this relevant reading today from Thessalonians 5:1-6:
"Concerning times and seasons, brothers and sisters, you have no need for anything to be written to you. For you yourselves know very well that the day of the Lord will come like a thief in the night. When people are saying, "Peace and security", then sudden disaster comes upon them, like labor pains upon a pregnant woman, and they will not escape..."
"We are not of the night or of darkness. Therefore, let us not sleep as the rest do, but let us stay alert and sober. For God did not destine us for wrath, but to gain salvation through our Lord Jesus Christ, who died for us... Therefore, encourage one another and build one another up, as indeed you do."
I realize that some of us are other than Christian, but I think it is good to heed St. Paul's timely admonition to one of his churches almost 20 centuries ago. Stay awake and trust God, for "In God we trust".
The End Of The Line For Fiat Currencies (from Macleod Substack)
The shape of the next financial crisis is now becoming apparent. Rising bond yields, driven by increasing risk in the light of G7 government debt crises in the four major currencies will have the following consequences:
· A collapse in equities, the suddenness of which will be exacerbated by sudden awareness of the knock-on consequences
· Liquidation of malinvestments in the private sector, leading to insolvencies, unemployment, and potential banking distress
· Panicked collateral liquidation of equity stocks by banks as loans become uncovered
· Economic slumps in all the G7, leading to lower tax revenues and higher welfare costs leading to soaring budget deficits, which in turn tightens the bond trap screws
· A doom loop of rising bond yields, interest rates, deficits, collapsing financial collateral values, deepening economic slumps, corporate failures, and banking crises Rinse and repeat, again and again
· Financial and systemic contagion between G7 nations will ensure that none of them escape the collapse, and individual national remedies will be overwhelmed
In a nutshell, the entire system of credit embodied in fiat currencies faces the prospect of a rapid collapse
For those of us who know less than we should, I file this:
"Fiat currency is government-issued money with no intrinsic value, unlike commodity money backed by gold or silver. Its value comes from the public's confidence in the issuing government, which uses monetary policy and legal authority to maintain its purchasing power and ensure its use as legal tender. Examples of fiat currencies include the U.S. dollar, the euro, and the Japanese yen."
Thank you!
Schumer, strongly worded letter. LOL
We have paper ballots. They are counted by machine. That's good.
The problem is not paper ballots. The problem is humans counting them.
Cassidy, Collins, Murkowski, Ernst. The Silence of the Republicans: IRAN Edition. https://bsky.app/profile/opsan.com/post/3lshfxom3v222
I'm MAD at Brazil .. who's next? https://bsky.app/profile/opsan.com/post/3ltsim7eays2u
The QRF: He wants to have troops at the ready to put down protests. Classic Authoritarian Playbook. Militarized Streets (From my 100 Daze Series). https://bsky.app/profile/opsan.com/post/3lr3xe52rkc2h
I submit this relevant reading today from Thessalonians 5:1-6:
"Concerning times and seasons, brothers and sisters, you have no need for anything to be written to you. For you yourselves know very well that the day of the Lord will come like a thief in the night. When people are saying, "Peace and security", then sudden disaster comes upon them, like labor pains upon a pregnant woman, and they will not escape..."
"We are not of the night or of darkness. Therefore, let us not sleep as the rest do, but let us stay alert and sober. For God did not destine us for wrath, but to gain salvation through our Lord Jesus Christ, who died for us... Therefore, encourage one another and build one another up, as indeed you do."
I realize that some of us are other than Christian, but I think it is good to heed St. Paul's timely admonition to one of his churches almost 20 centuries ago. Stay awake and trust God, for "In God we trust".
It will get worse. Tom the Hut Speaks - ICE Recruiting Results. https://bsky.app/profile/opsan.com/post/3lxqa4cvcd22y
Mafia Boss Trump. Most crime in D.C. is at 1600 Pennsylvania Ave.
Mail in ballots are paper
JOIN THE NATIONAL G(U)ARDENERS! Weekly Weed Whacking - With Honor! https://bsky.app/profile/opsan.com/post/3lxs5o2w3c22z
Fight the AMERICA 1ST - NATIONAL (GUARD) TOUR. Coming to a city near you! https://bsky.app/profile/opsan.com/post/3lx5yrya24k2n
Town Halls tell us why they're Gerrymandering. Grabby Road. In the Gerrymander Shuffle, your district could be next. https://bsky.app/profile/opsan.com/post/3lw3vjahkmc2u
War with Venezuela? Must. Distract. From. Epstein. https://bsky.app/profile/opsan.com/post/3lwwqp7dxk22r
The End Of The Line For Fiat Currencies (from Macleod Substack)
The shape of the next financial crisis is now becoming apparent. Rising bond yields, driven by increasing risk in the light of G7 government debt crises in the four major currencies will have the following consequences:
· A collapse in equities, the suddenness of which will be exacerbated by sudden awareness of the knock-on consequences
· Liquidation of malinvestments in the private sector, leading to insolvencies, unemployment, and potential banking distress
· Panicked collateral liquidation of equity stocks by banks as loans become uncovered
· Economic slumps in all the G7, leading to lower tax revenues and higher welfare costs leading to soaring budget deficits, which in turn tightens the bond trap screws
· A doom loop of rising bond yields, interest rates, deficits, collapsing financial collateral values, deepening economic slumps, corporate failures, and banking crises Rinse and repeat, again and again
· Financial and systemic contagion between G7 nations will ensure that none of them escape the collapse, and individual national remedies will be overwhelmed
In a nutshell, the entire system of credit embodied in fiat currencies faces the prospect of a rapid collapse
The corrupt felon Trump regime is destroying the US and global economy! He is trying to destroy the dollar as our currency!
For those of us who know less than we should, I file this:
"Fiat currency is government-issued money with no intrinsic value, unlike commodity money backed by gold or silver. Its value comes from the public's confidence in the issuing government, which uses monetary policy and legal authority to maintain its purchasing power and ensure its use as legal tender. Examples of fiat currencies include the U.S. dollar, the euro, and the Japanese yen."
Alarming, indeed.
And to add: In the Constitution Article 1 Section 8 the country should be on a bimetallic standard (gold and/or silver)