*Read this carefully. You may think you are not affected, but it would be
a very rare and surprising thing if that were the case.*
*The U.S. Government Is Flat Broke*
*By Bill Bonner*
*Thursday, February 18, 2021*
*Slip sliding away, slip sliding away*
*You know the nearer your destination,*
*The more you’re slip sliding away*
– Paul Simon
RANCHO SANTANA, NICARAGUA – On Monday, we reported the latest figures from
the Congressional Budget Office
<https://click.exct.bonnerandpartners.com/?qs=f3cbf2c7d831839b16fce493e4f8c4671e31df8ffc18fee79527b5d0a9c0a769c1967218690aae77ed5a3c15c167bce024403c7c81d8fb99>
(CBO). They were shocking… but not surprising.
We remind you that they are just part of a Big Picture. It is the picture
of a degenerate empire, slip sliding since 1999
<https://click.exct.bonnerandpartners.com/?qs=f3cbf2c7d831839b28f1a65a5cd626258d350b9e218ae9c257df89596dab812e417ef6f9126a8398a6e200d5f44da6a40ebcce389dc6f663>…
and now, desperately trying to hold itself together with printing-press
money.
But it’s gone so far down this road, it can’t turn around. Each time there
is a “crisis,” it has to print more. And the more it prints, the worse the
next crisis becomes.
- Big Story
Meanwhile, the people are distracted. Waiting for the stimmy checks or
gawking at the clowns in their capital city… they hardly notice.
Do you really think it matters that Janet Yellen is a woman rather than a
man? Or how many BIPOCs attend cabinet meetings? Will those be the big
stories of our time?
Or how about “Russian aggression”… or Chinese cunning? Or the impeachment
of Donald Trump? Or the weather in Texas?
*[Featured: Veteran Trader Exposes New Wall Street Scandal]
<https://click.exct.bonnerandpartners.com/?qs=f3cbf2c7d831839bec16c64bc5c2bc700cc0cb60b30f4d99144eb75980903f76dad79340a624cf9dba1b4870aa5a6325e52b7e3af9cc6833>*
What really matters to a nation? Money and war. War and money. Let either
one get out of control, and you are headed for trouble.
Which is why this is the story of our time… the big story of the 21st
century… the story of how a great empire slid into the ditch.
But it’s not an original tale. So today, we skip ahead… guessing how it
might turn out.
The Way It Works
But those numbers – as awful as they are – will get much worse. And then,
they will spin out into absurdity.
Because the CBO’s estimates do not take economic setbacks, political
jackassery, and market corrections into account. They assume things go on
pretty much as they are, with no significant missteps… market crashes…
interest rate increases… virus attacks… or recessions.
That is not the way it works.
Things go wrong. And the first thing to go wrong (which could begin any
moment) is that the markets will blow up. They are in Bubbleland now,
searching for sharp objects.
Then, in a panic, the authorities will rush out more stimmy checks.
-- No Alternative
And here, Dear Reader, let us interrupt to connect a simple – but important
– set of dots.
There are no “decisions” to be made. There are no choices. There are no
real alternatives. No “solutions.”
It’s “inflate or die
<https://click.exct.bonnerandpartners.com/?qs=f3cbf2c7d831839b7db2d93195eeeefef33dd170b550490d9d848ffe85f2c726d8a5e76d10fd9f624f0f6c760d34bbc5522ec2565b8f7453>,”
remember?
And nobody wants to die… neither Republicans nor Democrats… nor any of the
vast army of *apparatchiks*, hangers-on, lobbyists, members of Congress,
media… deep staters… insiders… elite cronies…
…nor the whole kit and kaboodle, the upper 10%, who control the government
and have the most to lose when its system of fake-money finance blows up.
Once you start down that road… you can’t even slow down. Because any
attempt to raise interest rates to a more normal level… or ease off on the
printing press… or cut the deficits… or trim the debt... will bring the
very crisis the elite are so desperate to avoid.
So, what happens?
It just gets wackier and wackier. And the more slip sliding you do, the
nearer your destination you get.
Tune in tomorrow for more wackiness – on Wall Street.
Regards,
[image: signature]
Bill
