Saturday, May 16, 2020

The effect of the pandemic on the national debt

It's not good, as one might expect. According to the Treasury our national debt now stands at over twenty-five trillion dollars ($25,267,564,712,963.60). It's been climbing by about $900B a month during the last two months.

Evidence seems to indicate that the pandemic was caused by an accidental release of the virus by a research facility in Wuhan, caused by lax safety standards, and that the Chinese communists covered it up for at least two months, arresting and threatening anyone who tried to get the data out early. During that time, while the Chinese communists knew the virus had escaped into the city millions of  people traveled in and out of Wuhan.

This criminal behavior should be met with severe retaliation. We should implement monetary and trade sanctions, and have the whole world follow us. A part of the financial sanctions should be collected immediately by wiping out any US Treasuries held by the Chinese communist government. Next we should back up Taiwan and Hong Kong in their independence efforts. Then we should move our factories out of China as much as possible, if not entirely, and further look for alternative suppliers for anything we source in China that we don't currently produce ourselves.

This debt and the underlying fractures in our economy were caused by our over-dependence on China, its lies, and our own state and local governments authoritarian craziness coming out in the form of many months long lock-downs.

Let's hope we get through this without too much pain, but I wouldn't hold my breath.




 

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