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Paradise Lost: A Problem That Can’t Be Fixed

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A single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are…

by John Rubino of Dollar Collapse

So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are not just possible, but popular. The president and his Congressional allies simply write the bills, pass them, and bask in the near-universal admiration of their generosity. In fact, the only real criticism comes from their own party’s left wing, which demands even higher spending, bigger deficits, and faster money printing. It’s like being a kid in a candy store.

Overheating…already?But then – only a couple of months in — headlines like these began to appear:

Economy Adds Over 900,000 Jobs Beating the Consensus By a Mile

Manufacturing boom brings more signs that inflation is building rapidly

US Dollar’s Status as Dominant “Global Reserve Currency” Drops to 25-Year Low

Investors see higher interest rates as the biggest threat to stocks, expect 10-year yield to hit 2%

US New Vehicle Sales for March Smashed Expectations

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