So Perplexing

 

Cares Act, PPP loans, "Stimmies", American Inflation Reduction Act, etc. all would have been bad enough for creating inflation.  When you artificially inflate the supply of money available in an economy, the price of goods goes up and stays up.  Sometimes for a very long time.

It would be bad enough if this was an honest country.  Our reality is that our society is flush with grifters, cheats, illegals, frauds, "influencers", bullshit artists, etc.  Our society is so full of ass clowns that all of those "Covid 19 bullshit feel good programs" became leveraged.  How many of the idiot class took their forgiven PPP loan proceeds or "Stimmy Checks" and used it as a down payment for a loan to buy a second house or an expensive boat, car or R.V.?  A loan that they are now having difficulty in repaying.

We are truly a stupid and corrupt country.  We do not deserve to have the reserve currency of the world.  The bond market is calling bullshit (as it should).

We should be asking ourselves how we can go about restoring the faith in our currency and not just "throwing temper tantrums" and making threats when countries dare to seek out an alternative (a.k.a. B.R.I.C.S.).

"Bloomberg) -- The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating the risk that fiscal worries limit the policy options for the next administration in Washington."