RLA Interview w/Dennis - DOGE
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2025-02-26 08:52 by Karl Denninger
in Interviews , 11 references Ignore this thread
RLA Interview w/Dennis - DOGE
[Comments enabled]

Come and get it!

We deal with the rather-significant matter of Social Security fraud (e.g. "stolen" numbers), the obviously-intentional refusal by Treasury over decades to implement referential integrity in their payment systems thus allowing out-of-balance G/L situations to exist (by simply ignoring the fact that the offsetting account, specifically the appropriation line item in the budget, is missing in many payments!) and more.

I see no way around a serious recession -- and asset price collapse concurrent with demand destruction -- that can fix this.  The alternative is societal collapse, which is of course much worse.

We've played "kick the can" for decades, and each time added more cement.  Now its a solid block of cement and we either deal with it "or else."

Enjoy!

https://retirementlifestyleadvocates.com/podcast/episode/1/2025-02-23-retirement-lifestyle-advocates-radio-w-karl-denninger 

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