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This crisis could lead to increased support for authoritarianism in both the left and the right.

Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s ratification!

The fact that the government was adding one trillion dollars in debt in little over half a year was not deemed worthy of comment by President Biden, Vice President Harris, and most other US politicians. This is not surprising since the national debt has not been a central issue in DC since the days of the Tea Party movement. The Tea Party’s efforts to focus attention on the debt resulted in a bipartisan deal that made minuscule spending cuts. In fact, most of the cuts were not real cuts. They were just reductions in the “projected rate of spending increase,” meaning the spending still increased but just by not as much as originally planned.

This was not the first time that apparent spending limits consisted of smoke and mirrors. For example, the budget “surpluses” of the 1990s were due to the government’s practice of counting the social security trust fund as both a liability and an asset, not because of bipartisan budget deals.

The Donald Trump-inspired rise of “populist nationalist conservatism” that does not emphasize the national debt means Republicans have less incentive to even talk about the debt — aside from making justifiable, though hypocritical, attacks on President Biden and congressional Democrats’ excessive spending. Similarly, the rise of a Bernie Sanders-influenced “new left” has led even centrist Democrats to stop giving lip service to the cause of deficit reduction.

Many Democrats, including those who have embraced Modern Monetary Theory, agree with former Vice President Dick Cheney that “deficits don’t matter.” Modern Monetary Theory asserts that as long as the central bank can monetize federal debt and keep interest rates low the government can endlessly increase the amount of debt. This is not really modern, as the Federal Reserve has long been acting as the “great enabler” of the federal debt.

Those who pretend deficits don’t matter ignore the fact that interest on the national debt will soon be the largest item in the federal budget, consuming as much as 40 percent of federal revenue. This is unsustainable. The devaluation of the dollar resulting from the Federal Reserve’s efforts to stimulate the economy and monetize federal debt, combined with increasing resistance to US hyper-interventionist foreign policy, will lead to a rejection of the dollar’s world reserve currency status. When that occurs, there will be a major economic crisis unlike anything this country has seen since the Great Depression.

This crisis could lead to increased support for authoritarianism in both the left and the right. The result will be even greater restrictions on economic and civil liberties and even more belligerent foreign policy, scapegoating those who reject the dollar’s reserve currency status for the country’s economic problems.

However, the economic crisis also can be followed by a society with minimal government and more liberty. The liberty movement is still growing. Those who understand the philosophy of liberty and sound economics must continue to spread the truth about the dangers of fiat money and the growth of government power and government debt. They must also communicate the benefits of the free market, personal liberty, sound money, and peace.

This article first appeared at RonPaulInstitute.org.

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A deadly African swine fever, which poses a serious threat to British farming, is on its way to the UK according to a leaked government report The secret report also said it is likely that […]

The post Leaked Govt Report Warns That Deadly Swine Fever Is ‘Heading To Britain’ appeared first on The People’s Voice.

‘Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole,’ former president railed on Truth Social.

Former President Donald Trump weaponized Monday’s stock market rout to bludgeon the Biden administration, blaming them and de facto Democrat presidential nominee Kamala Harris for triggering a global market meltdown.

“STOCK MARKETS CRASHING,” Trump wrote Sunday evening, as the Asian stock market plunged massively. “I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”

“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT ‘LEADERS’ IN HISTORY. THIS IS NOT GOOD!!!” Trump warned in a series of critical Truth Social posts.

The Republican presidential nominee next turned his ire directly toward presumptive Democrat nominee Kamala Harris, whose prospective presidency Trump says spooked markets.

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump railed.

“Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS,” he wrote, adding, “KAMALA CRASH!!!”

“VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE,” Trump commented in a follow-up. “REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

“TRUMP CASH vs. KAMALA CRASH!” he wrote in another post.

The 45th president’s remarks came as previous Kamala HQ social media posts resurfaced in the wake of the market turmoil, in which they mocked Trump for predicting a “crash” if Biden took office.

This didn’t age very well pic.twitter.com/8E9WlpvWrP

— Adam Crigler (@AdamCrigler) August 5, 2024

Four years ago today, Trump claimed the stock market would “crash” if Joe Biden was elected

(The stock market has reached the highest levels ever recorded in history under President Biden) pic.twitter.com/4ZXsmtgh7z

— Kamala HQ (@KamalaHQ) May 24, 2024

Just last week, Biden also claimed to have “cured” the economy.

“I cured the economy.”

— Joe Biden (six days ago)pic.twitter.com/SMsXKVfljw

— RNC Research (@RNCResearch) August 5, 2024

Brutal memes also targeted Kamala.

Historic: Kamala Harris Becomes First Black Woman To Destroy World Economy https://t.co/eVihd0cKXr pic.twitter.com/HCLYG4Fzfc

— The Babylon Bee (@TheBabylonBee) August 5, 2024

She tried to pin the Kamala Crash on Trump. What ever happened to “the buck stops here”? Take credit for your power as a strong black woman. pic.twitter.com/Xoh4z2iR8D

— Doug In Exile (@douginexile) August 5, 2024

“The markets are crashing. Please tell us how you plan to fix it.”

Kamala HQ: pic.twitter.com/bwjsqY2QSg

— Siraj Hashmi (@SirajAHashmi) August 5, 2024

“That is called Bidenomics… **cackling** …and we are very proud of Bidenomics!”

Kamala Krash pic.twitter.com/Nl0knpPIyb

— Tim Young (@TimRunsHisMouth) August 5, 2024

pic.twitter.com/ccONIdR60K

— I Meme Therefore I Am ?? (@ImMeme0) August 5, 2024

Stock market crash?
World War 3?

Ummm I’m not sure what any of that means, but my girl kamala dances and is brat so we stan pic.twitter.com/HHHx4IDBOH

— Andrew Torba (@BasedTorba) August 5, 2024

Massive war in the Middle East.
Crashing stock market without extraneous rationale.
Cost of living up dramatically over the last three years.
Thanks, Kamala and Joe.
You did it. pic.twitter.com/q0VMrDhFNf

— Ben Shapiro (@benshapiro) August 5, 2024

pic.twitter.com/9stEk9O6Kh

— johnny maga (@_johnnymaga) August 5, 2024

Your portfolio before the Kamala Crash ………… after the Kamala Crash. pic.twitter.com/V52KDdVM7M

— Catturd ™ (@catturd2) August 5, 2024

It remains to be seen whether voters will remember who caused their portfolios to nosedive come November.

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Britain’s top cop Sir Mark Rowley was filmed snatching a microphone out of a journalist’s hand after an emergency Cobra meeting in Westminster on Monday. Rowley, who is Britain’s top law enforcement official, grabbed a […]

The post UK Police Chief Grabs Journalist’s Mic & Throws It To The Ground After Question About Two Teir Policing appeared first on The People’s Voice.

You heard it here first!

Tommy Robinson joins Alex Jones live to talk about the attack on free speech’s final platform: X.

Also:

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Alex Jones celebrates highly anticipated gathering: “Join me and Tucker Carlson on his nationwide tour in Reading, PA, at Santander Arena on September 23! I look forward to a hell of a show with Tucker!”

Alex Jones is joining Tucker Carlson LIVE September 23rd at Santander Arena in Reading, Pennsylvania! 

The highly anticipated gathering is part of Tucker Carlson’s nationwide tour. Get your tickets HERE at Tuckercarlson.com/events.

“We added a stadium show in Reading, Pennsylvania,” said Tucker. “We’ll be joined onstage by Alex Jones.”

“They tell you what Alex jones is like, have you seen him in person? You should. Make up your own mind.”

You can reserve tickets for a VIP Meet and Greet Session with the best seats in the venue HERE.

Only 100 VIP tickets are available, so reserve your spot now!

Moms For America partnered with Tucker Carlson for this special opportunity that includes a VIP reception with Tucker and his guests, a photo with Tucker, and Premium GOLD seating in the first 5 rows!

Your VIP ticket is also a tax-deductible donation to Moms For America! A truly great cause.

Tucker’s LIVE nationwide tour starts this fall! More guests include: Russell Brand, Donald Trump Jr., Vivek Ramaswamy, Tulsi Gabbard, Glenn Beck, Dan Bongino, Megyn Kelly, Charlie Kirk, Kid Rock, Marjorie Taylor Greene, Roseanne Barr, and surprise special guests!

“I can’t wait to take our show on the road in cities across America,” said Tucker in a press release. “We’re going to be talking about real issues with real people.”

“You’d better believe the establishment will be losing their minds.”

Alex Jones stresses there will be nothing like this once-in-a-lifetime event, especially as the US election looms.

“I’m so honored to part of this historic tour with the great Tucker Carlson,” says Jones. “This is going to be a powerful once-in-a-lifetime opportunity to join the great ⁦Tucker Carlson on the road during this mother of all elections!”

“Get your tickets now because they will sell out!”

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