The news today reported that China is threatening sanctions against the US because of arms sales to Taiwan.
How could they?
As many have been predicting for some years now, our debt will come back to bite us in the butt. China has been buying up our debt for years now. And now like the poor broke neighborhood gambler up to his eyeballs in debt to the loan sharks, we could be truly screwed.
If we are to prevent our proverbial legs from being broken, we need to STOP THE SPENDING. I never thought this was going to work. But the feds took a shot. It ain't working. The projection is now that every penny of personal income tax will be needed to cover the interest on the debt.
What's next?
Default?
Hyperinflation? That worked out well in Germany now didn't it.
STOP THE INSANITY!
