No Stopping Washington’s Debt Bomb Express
No Stopping Washington’s Debt Bomb Express by Bill Bonner – Bonner and Partners
Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
– Psalm 23:4
NORMANDY, FRANCE – Others are beginning to notice: Republicans have lost the White House.
The Washington Post reports:
It could very well be a blip on the screen, as could Trump’s flirtation with going the independent route with his presidency. But for a Republican Party that has long worried about Trump’s impact on it, [recent polls from the Pew Research Center] – along with polls showing GOP voters turning on their leaders – suggest there is some restlessness with the party that nominated him and that the GOP is ripe for Trump slamming a wedge right through the middle of it.
When their general defects, it becomes almost impossible to keep the troops in line. Look for widespread dissension and defection all up and down the Republican ranks.
Which brings us to tax reform…
A well-disciplined and keenly motivated party might be able to pass a major tax reform bill.
It last happened in the enthusiasm for “Morning in America” under President Reagan, 36 years ago.
But a fractured majority party and an independent president make Congress irrelevant… and unable to do much of anything.
So there will be no genuine tax reform. No repeal and replace of O’care.
And now, with the debt ceiling out of the way, there will be no halt to the Debt Bomb Express… running wide open and bound for Hell.
And that means the next move by the feds will be to ban physical cash. Once the feds get cash out of the way, they have us all under control.
They can tax as much as they like. They can impose negative interest rates… penalizing you for saving money. They can prevent us from buying guns or cigarettes, or anything they disapprove of.
This subject came up with a wise friend yesterday…