26 Replies to “Gradually, Then Suddenly”

  1. Most western countries are broke. No one can afford anything now and the governments and stats agencies have lied to us for decades.

    Now they can not cook the books, as we, the public, know. Groceries are a basket item.

    Taxed out … and not buying …. Truth is negative GDP for decades.

    1. Simply put … the politicians have LOOTED our nations of the fruits of our productive class.

    2. Thanks God, greed is still around in CanaDah!

      Yukon cabin, middle of nowhere, no water, no faucets, no wood oven, outhouse, 400s/f
      TaDaaa!
      $1,100+Utilities. Winter Rate

      4 years ago would be 300-500/mt

  2. The Bad Cat gives them 5 to 10 years at most. I’m surprised it hasn’t already defaulted. Perhaps it’s the power of faith in something equivalent to unicorns. Time to get your Gold, Silver, Lead, powder, seeds and a few acres nowhere near the cities?

  3. Where are the Modern Monetary Theory people? We can print ourselves out of this mess.

    2. Steve, If we could print ourselves out of this mess, we wouldn’t need taxation either. Then again, they are keeping those printing presses running hot, but still taxing us in to oblivion. One day soon, those two facts will CRASH in to each other, and we’ll all be back to the barter system. On a meager subsistence level of course!

      The turd will then get his reward of a seat on the WEF board, or as the new UN chief. Assuming nobody from canuckistan gets to him first!

      Modern monetary theory only seems to work in modeling not reality, but if you’re in the club it does it matter?

      1. You can only print yourself into a bigger mess Gerry. Plus I predict Trudeau leaves Canada after the next election.

        1. That’s the usual pattern in the last few decades. George Ignatief fled to Harvard to resume his teaching career. McGuinty fled to Harvard where George Ignatief had secured him a lecturing post. Jim Watson fled Ottawa before the provincial audit of the Ottawa LRC was made public. Stephane Dion fled to Europe to become Canada’s ambassador to France and to the EU.

          1. cgh, yes, it’s a pattern. Another case in point is that sleazebag John Horgan, former premier of BC. Trudeau named him to be the next ambassador to Germany. Maybe he’ll take Bonny Nazi Henry with him.

  4. I remember when Obozo bailed out GM, can’t remember the exact figure, but I was really shocked by a govt doling out that amount. Wow, I said, they can’t do that too many times.

  5. It’s not a problem until it is. This outcome is all part and parcel of MMT (Modern Monetary Theory) implemented by liberal, left-wing G7 nations over the past decade following the WEF Great Reset roadmap. Monetary failure is one of the necessary pillars needed to enable the Great Reset by our betters.

  6. This comes at a time when some kind of national reparation program is practically expected. I’m sure those affected will understand when the program is cancelled, and be eager to take one for the team and keep a stiff upper lip while doing so. Arf.

  7. The fact that our “watchdog media” never talks about the debt media tells you everything you need to know about justbhow bad the situation is. they’ll give us 15,000 articles a day about “global warming” which will allegedly increase the average world temperature by one degree in another 100 years, but something that is far more dangerous and is just over the horizon gets no coverage at all. Pathetic and yet another reason to absolutely despise THE ENEMY OF THE PEOPLE.

  8. If you don’t think this is an intentional tanking of the West’s economy you haven’t been paying attention.
    This morning’s discussion on banks and shitty service will seem like the good old days when this is done.

  9. When we have an outstanding debt that is too huge to ever be repaid why not just run it up more? So long as some one buys the debt no problem. Once the debt can no longer be sold that’s when the troubles start. Just ask French King Louis XVI.

  10. Hey folks, when it is gone it will not matter how it was stolen, only that it was. If you as a society are dumb enough to let politicians steal from you then you deserve all the pain a countries bankruptcy will bring upon you. You know how this can be fixed yet you refuse to take the needed actions. There is no such thing as a perpetual motion machine or a free lunch.

  11. “You know how this can be fixed yet you refuse to take the needed actions. ”

    EXACTLY how I view the so-called “Conservative” party. If they were truly conservative, I wouldn’t have to support the PPC. Hell, the PPC wouldn’t even exist.

  13. Nonsense … Gavin Newsom repeated … over and over … last night that the Biden Admin. has crafted the MOST SUCCESSFUL American economy EVER !! … in the history of history !! “People who don’t look like you, or love like you” are more successful than ever !! Everything is GREAT !! Everyone is PROSPERING !! Hell !! you don’t even need to pay-back those student loans. And if you need something valuable, urgently!! You can easily smash and grab it. Thank you Joe Biden and Blue State Governors !! All is well !!!

  14. The slope in that shaded part needs to be twice as steep to match the current trend. They’re understating the case. There has been no policy change to change the slope.

  15. I look at it as the pillars of civilization falling!
    1- first we allow the lie of man made climate change to exist !
    2-Then we allow the lie that immigration is our strength !
    3- Now no budgets and billions being spent by orders in council!
    4-Our government buying the media with our tax dollars!
    5-The utter stupidity of our climate minister suggesting he needed 3 trillion dollars to stop a climate catastrophe
    6- Then our Prime Minister giving 14 billion to foreign companies to make batteries that nobody wants!
    7- Allowing special interest groups stop to stop pipelines and not making LNG terminals
    One Lie leading to next lie!
    The Liberals have bankrupt and ruined!

  17. Graph takes off at elimination of gold standard.

    Is that why China has been on a gold buying spree?

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