Cryptocurrency: CBDC's WarOnCash and Govt Debt's WarOnYou

[grarpamp]

> https://howmuch.net/articles/state-of-the-worlds-government-debt-2021


Distributed uncensorable unconfiscatable untaxable
privacy enabled cryptocurrencies are one of the few peacfully
passive means you and the world have to route around and
defund your wasteful oppressive and murderous governments.
Wake up, they're drowning you...


https://www.gatestoneinstitute.org/17415/sinking-ship-of-state
https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778

A Sinking Ship Of State Drowns Everyone

Authored by Lawrence Kadish via The Gatestone Institute,

One suspects that historians and economists will consistently agree on
one irrefutable fact: nations that allow their economies to bathe in
red ink are destined to fail. This failure takes many roads and
differs in timing, but massive, uncontrolled national deficits
eventually reduce a nation state to being a pauper, a pariah -- and
pathetic.

Enter Joe Biden's "American Jobs Plan," a $2.3 trillion spending
scheme that takes some Americans' most fevered fantasies and wraps
them inside an "infrastructure" label in an effort to convince Capitol
Hill that the spending is all about roads and bridges. An analysis by
the Wharton School places plenty of caution flags on this initiative.

To be clear, the spending bill is actually the creation of a national
debt so massive that it has the means to destabilize a democracy
dependent on a functioning economy.

For the Chinese Communist Party seeking to master the 21st Century as
the one global superpower, it represents a strategic victory without
so much as firing a single bullet. They know that an economically
weakened America cannot possible sustain its military leadership when
it is burdened with paying down a massive debt. Our allies and
unaligned nations recognize this threat as well, and will reinvent
their relationship with China if they believe America's best days are
in the past.

Even the White House acknowledges that their spending debt would take
15 years to pay off, providing that Biden's proposed corporate tax
hikes generate the projected revenue – itself highly questionable.
What makes the Administration believe that Corporate America would not
respond with massive restructuring to avoid a confiscatory tax bill --
or passing the added cost on to the consumer, or moving the company's
headquarters offshore to a country with a lower corporate rate -- to
avoid the threat of losing its international competitive edge?
Corporations have good accountants, too.

Few debate the idea that our nation's infrastructure is in need of
serious attention but the level of political dishonesty in
characterizing the Biden plan as "infrastructure" has even made many
in his own party queasy. Significant portions of the bill are
earmarked for "environmental" agendas and seeming favors to campaign
donors, such as billions in subsidies for electric vehicles. The
proposed bill cries out for more sunlight and vast quantities of
disinfectant. Sadly, the bill suggests a clumsy political strategy to
prevent open debate and an honest review of the Biden agenda.

This recipe for an economic apocalypse comes at a time when new job
creation has stagnated and the specter of a serious inflation has
begun to emerge. Biden's spending spree is far beyond Washington's
traditional pork. It is creating a level of unsustainable debt in
pursuit of a social agenda that could literally sink everyone,
drowning all, regardless of which political party they claim.

As historians will tell you if we have the wisdom to listen, no one
escapes the devastation of a debtor nation. No one.