Bidenomics is: spend a lot of money on economically nonproductive activities and projects and borrow to cover the cost. From James Howard Kunstler at kunstler.com:
“We are at an inflection point, a threshold, where weak, brittle, effete personality structures are a threat to human civilization.” — JD Haltigan
If you’re troubled at all about the state of our country, and even your own small role in it, you might be asking yourself whether the people running things have any idea what they’re doing. Some of these doings happen in the metaphysical realm of finance, for instance America’s national debt ($34-trillion and going up like mad), and the death of the US dollar, along with the bonds that underwrite it. Or the game of hide-the-salami with the repo and reverse repo markets played between the Federal Reserve and the US Treasury to give the broken banking system the appearance of stability when it is actually in deepening ruin.
Did you understand any of that? Probably not, but not because you’re dumb. It’s because all that action is meant to be incomprehensible even to people who went to grad school. The news media only amplify the mystification. The net effect is that increasingly nothing in the life of our nation is real. Every action taken is a swindle of one kind or another, a cavalcade of switcheroos aimed at zeroing out the consensus about reality.
Der Friedensstifter 