The Illusion is Collapsing Since 2008, America has been operating under a financial illusion—a synthetic economy inflated by over $26 trillion in debt and an orgy of fiat liquidity from the Federal Reserve. If Main Street tried what Wall Street got away with, they'd be locked up for fraud. But when the Fed does it, they call it “monetary policy.” Debt is heroin to these institutions. Cheap credit allowed the U.S. to live far beyond its means, consuming without producing, borrowing without repaying, and voting for fantasy budgets without consequence. But now, the fix isn’t working anymore. The needle’s dry. The pain is coming. 1. GDP: The Engine Has Stalled First-quarter GDP shrank at a 0.3% annual rate—worse than any…
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