The Greatest depression is coming, are you ready?

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There you go, finally a balanced budget!

Yep, Joe Biden has a plan to balance the budget.

How do you squeeze blood from a stone? Biden has figured it out. Sure inflation is causing everything to cost more, but for people who own something of value like a house, or stocks or some other asset you can tax that increase due to inflation! This is brilliant. Some of course will try to cheat the tax man by not selling, so then he wants to also create a whole new tax on "unrealized gains". This guy makes Bernie Madoff look like an amateur.

 

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Hey at least we can trust the Biden administration

to rob taxpayers.

 

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It takes 17 minutes for him to get to the point which is our money supply is shrinking (he explains why) that in turn is not a big deal because prices will go down, wages will go down, but the amount of goods remains the same and standard of living stays the same. However, the price of paying off our debt does not go down. So now we have fewer dollars paying the same interest payment, it is as though our debt increased. Add to that fact that our debt is increasing and it is a double whammy.

Now if you understand what I just said, great. If not he does a very nice job explaining it in 17 minutes right here.

Oh yeah, and one other thing, we are talking about $1 trillion gone in a very short time that many people aren't even accounting for, so the size of this problem is really big.

 

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Wow! California has the Best McDonald's restaurants! The Egg McMuffins are so good there they cost $10 each and the Big Mac's are $20!. The secret is they are using real Chefs, these guys make $20 an hour!

Oh wait...I think I may have misunderstood.