Topics discussed include the impact of COVID spending, skyrocketing inflation due to money printing, blaming inflation on external factors, implications of digital identity and personal carbon credits, and taking control of our destiny through education and resilience.
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Quick takeaways
The majority of COVID funds were allocated towards handouts and crony payments, raising questions about transparency and effectiveness.
The American economy is at risk of recession due to various factors including a potential auto-worker strike, government shutdown, and rising gas prices.
Deep dives
COVID spending was allocated to handouts and special interests instead of health
Between 2020 and 2022, $7.5 trillion was authorized for COVID spending, but nearly 90% of it went to handouts and crony payments rather than health-related expenditures. The institutional left, which includes organizations supporting the Democratic party, received a significant portion of these funds. This funding resulted in various welfare expansions, cash handouts, and subsidies for special interests, ranging from green projects to government-funded nonprofits focused on issues like LGBT, diversity, and sustainability. The limited amount spent on public health raises questions about the effectiveness and transparency of the allocation of COVID funds.
Impending economic turbulence and potential recession
The American economy faces potential turbulence and risks that could lead to a recession. Factors such as an auto-worker strike, a long government shutdown, the resumption of student loan payments, and rising gas prices are identified as possible triggers for economic instability. The convergence of these hazards, coupled with the cooling effect of higher interest rates, creates a challenging economic environment. Although the Wall Street Journal avoids using the terms recession or depression, the article suggests that these hazards could collectively tip the economy over the edge. This implies that the American economy is currently in a precarious state, which may worsen as time goes on.
Implications of digital identity and central bank digital currencies (CBDCs)
The concept of digital identity and central bank digital currencies (CBDCs) is explored, with a focus on examples from Nigeria and the Netherlands. In Nigeria, the introduction of a CBDC was met with widespread protests, as citizens felt their concerns and preferences were ignored. The move towards CBDCs in the Netherlands is viewed as a potential neo-feudalistic system, with a government-mandated digital identity and China-style social credit scores. The push for CBDCs raises concerns about surveillance and control. However, the case of Nigeria demonstrates that public resistance can impact the implementation of such systems, highlighting the power of citizen action and vigilance in safeguarding individual liberties.
- Covid trillions Funded the Left - Media blames recession on "Perfect Storm" - Recession going Worldwide - Elderly Homeless Soaring in America - "Net Zero" Neo-Feudalism - Is this the Fourth Turning? - Nigeria Gives up on CBDC Disaster
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