Joe Biden's Last Debate Ever

  Wait, didn't we know that Joe Biden wasn't fit to be President and that over the last 3 years he has been presiding over nothing whatsoever leaving a free field to the deep state better represented by the Neo-cons and more immediately by mediocrities like Blinken whose main job seems to inflame the place wherever he lands?  

  So yes, Biden will be replaced but this is not the subject we should focus on. The more important and immediate concern is the state of the US economy and the outrageous abuse of the dollar. For just like Biden mental abilities, this is the 10 foot monster hiding in plain sight which will not go away however post-reality economic dreamers may wish it does. "Over the long term, we're all dead" as Keynes once said but a little sooner than that, economic necessities have consequences as Japan is in the process of learning following 30 years of profligacy. With the run out of the dollar accelerating, the deadline is approaching fast. The effect is complex as while China is dumping dollars as fast as they can, other investors are pouring money in the market attracted by high interest rates. This would all be fine with the Central Bank absorbing the difference, if the accrued loss on the existing mountain of bonds issues and valued at a return of less than 1% didn't obliterate the books of investors who previously bought these bonds such as Norin Chukin who recently announced a total loss of over 53 billion dollars for 2023. In other words, high interest rates are bankrupting the world faster than they are reducing inflation. 

  In November, the US will have to elect a new President but whoever gets elected, by that time, the world financially will be on its knees. Weaker countries like Sri Lanka or Egypt are already technically bankrupt. Banks, insurance companies and pension funds, basically ALL the financial companies who have bought low yielding bonds over the last 10 years are likewise in a dire strait. Add empty offices to the mix or over valued real estate and they are really looking at the abyss.   

 As for China Real Estate disaster, the West can keep papering over the holes for a while but eventually, the loss will be so huge and widespread that no amount of money will be enough to reflate the economy. Covid came at a very opportune time to inject a few trillion dollars, Euros and Yuan in the market. This time, 10s of trillions will be needed. The crash of living standards, which are already being observed in Japan with the Yen below 160 to the dollar will spread to the whole place. The choice will be between economic meltdown and war. Still wondering why tensions are rising around the world?   

Submitted by QTR's Fringe Finance

I’ve been saying it for months and tonight it has become crystal clear: Joe Biden will not be the Democratic nominee in November.

The prevailing sentiment after tonight’s debate performance — inclusive of Biden opening the bidding by freezing up and making a strange throat noise for 3 straight seconds — is that Joe Biden is unfit to serve another 4 years in office.

Of course, we’ve all known that for years, but the DNC machine, coupled with the mainstream media and operatives operating Biden’s strings for the last 4 years hasn’t been so hurried to come to the same conclusion.

After tonight, they have to. Like with any problem in our country, the first solution is always to kick the can down the road, not risk discomfort amongst the party or country, not to ruffle any feathers and then ignore it and hope it goes away on its own. And as I noted days ago, nothing is off limits for the media to run interference on.

This happened with Covid coming to the U.S., it happened with inflation spiraling out of control and, tonight, it happened when both sides of the aisle were treated to objective reality bludgeoning them in the face in the form of the realization that we just bore witness to Joe Biden’s last debate ever.

How can I make such a bold statement (other than from simply opening my eyes and ears and watching the debate)? When the mainstream media machine turns on you, its already a foregone conclusion that your time is up. John King said about DNC discussions, live on CNN immediately after the debate:

"Right now, it involves party strategists, it involves elected officials, it involves fundraisers, and they're having conversations about the president's performance, which they think was dismal..."

"Some of those conversations include, should we go to the White House and ask the president to step aside?"

Similarly, Chuck Todd — the tip of a far-left spear of Marxist idiocy that has defended Biden despite his obviously disastrous tenure as President and obvious metal decline — also took to MSNBC to rail on...(READ THIS FULL ARTICLE FREE HERE).