Biden Won’t Default, US Dollar Sinking, Gold Up As Fed Shrinks M2 Money, Cryptos Down

[Achilles]

Biden Won’t Default, US Dollar Sinking, Gold Up As Fed Shrinks M2 Money, Cryptos Down (Yellen Running Out Of Money To Spend)

May 24, 2023 1 Minute

I have gotten a flood of emails and text messages asking about what happens if Biden defaults on the US debt. In short, Biden has made a career out of spending money, as has Speaker McCarthy. They both have an incentive to raise the debt ceiling, but whether it is cuts to Biden’s insane budget (higher than Covid-era spending) and wants to raise taxes on the middle class to pay for it. McCarthy wants a trimmed budget (aka, back to pre-Covid spending levels) and NOT raises taxes. They will eventually agree somewhere in the middle (US Congress member Pramila Jayapal will be outraged, but then again, she is ALWAYS outraged like Senator Elizabeth Warren) and AOC.

The Federal Reserve has taken a brief respite from fighting inflation that they helped cause. But with $188 TRILLION in unfunded entitlements promised by politicians, The Fed will undoubtedly start buying assets again (aka, QEInfinity) and the debt ceiling will keep being raised. In essence, the DC merry-go-round is broken and politicians will keep pushing it around until it collapses.

For the moment, The Federal Reserve is reducing M2 Money (green line). With it, the US Dollar (blue line) has declined. Gold (white line fever) is on the rise along with The Fed’s effective funds rate.



WTI crude is up over 1% this AM. And gold is up 2.29%. Heating oil is up 3.56%.



Face it, I have no confidence in Treasury Secretary Janet Yellen, one of the biggest propronents of MMT (modern monetary theory or borrow and spend without consequences). Yellen is NOT making lose my blues.

Cryptos are down this morning across the board.




https://confoundedinterest.net/2023/...oney-to-spend/

[dmatic]

This the question....Will God, (as a friend of mine refers: The Blessed Controller of ALL things) allow a debt ceiling raise without consequence, or will we finally default and expose this game run by the Mystery Babylonians? He hasn't told me yet. Has He told you?

[Off-Grid Organics]

US Dollar Sinking, Gold Up

???

[dmatic]

Gold is being inflated with a decreasingly devalued 'dollar', as the dollars are being taken out of circulation.

[Spike n Ree]

MISSING OATHS: Biden officials are impostors who swear no allegiance to the United States (feat. Todd Callender) – NaturalNews.com

[consteacher1]

kabuki theatre every so many years. the gop will cave, the dims will cakle about it and we get the bill no matter what. get ready, already sporty out there and it will get progressively worse as the time of His return nears. buckle up! prep and pray, the end has arrived.

[BugoutBear]

This the question....Will God, (as a friend of mine refers: The Blessed Controller of ALL things) allow a debt ceiling raise without consequence, or will we finally default and expose this game run by the Mystery Babylonians? He hasn't told me yet. Has He told you?

Yeah He told me. He said we're pretty much screwed.
There's nothing we can do about it except turn to Him. One way or another everyone's going to have to.
Personally, I'd rather not be part of the 80% of Hebrews who chose to stay in Egypt. God told them what to do and those who did had the Angel of Death passover their houses.

[dmatic]

Yeah He told me. He said we're pretty much screwed.
There's nothing we can do about it except turn to Him. One way or another everyone's going to have to.
Personally, I'd rather not be part of the 80% of Hebrews who chose to stay in Egypt. God told them what to do and those who did had the Angel of Death passover their houses.

What did He mean by "screwed"? 80% of Hebrews stayed in Egypt? Never heard that before. Where did you hear or read that? Thanks