• Sign in
  • Communities
  • BillCam
  • About Us
  • Shop
0
DailyClout

Help fund independent journalism.

Donate
  • Sign In
  • Home
  • Opinion
    • Outspoken
    • The Drew Allen Show on DailyClout
    • Heart & Mind
    • Investigate Everything
    • Emerald & Naomi
    • Generation Rogue
    • The Liberty Lobbyist
    • The Shannon Joy Show on DailyClout
    • Man in America on DailyClout
    • The Sarah Westall Show on DailyClout
  • Submissions
  • Events
  • Our Story
  • Shop
  • Become a Member!
  • Donate

DailyClout Opinion
Opinion

Today’s Economic Challenges Exacerbated by Ponzi Schemes

January 5, 2023 • by Ronald Stein, P.E.

To begin with, we have the ongoing national debt Ponzi scheme being perpetrated on US taxpayers. The unsustainable national debt is the elephant in the room that the ruling class and the media refuse to talk about.

Under President George W Bush, the national debt doubled, from $5 to $10 trillion. President Barack Obama said, “hold my beer” doubling it again under his 8-year term from $10 to $20 trillion. Under President Donald Trump, the debt still crept upwards, but COVID pushed it into the stratosphere, with relief funds and paying Americans to not work. President Joe Biden has kept his foot on the accelerator and now with the national debt clock exceeding $31 trillion, there is with no sign of slowing, much less stopping.

The national debt Ponzi scheme is resulting in inflation and shortages in perpetuity.

The recent collapse of the FTX cryptocurrency crisis has earned its previous CEO Sam Bankman-Fried comparisons with Bernie Madoff, a Wall Street financier who ran the largest Ponzi scheme in history. The FTX now-former CEO had unintentionally described crypto staking or yield farming as essentially a Ponzi scheme.

Today, we have an ongoing “green” Ponzi scheme of net zero emissions by ridding the world of the fossil fuels whose manufactured products, fuels, pesticides, and fertilizers, caused the world to populate from 1 to 8 billion in less than 200 years, right AFTER the discovery of oil, in favor of wind and solar that CANNOT MANUFACTURE anything for society.

Like the national debt, the unsustainable reduction in products from fossil fuels that support the world is another elephant in the room that the ruling class and the media refuse to talk about.

Today, we have 8 billion on this planet that are surviving because of all the products, fuels, pesticides, and fertilizers MANUFACTURED from fossil fuels.

Today, the NEEDS of those 8 billion are increasing for everything that is manufactured from fossil fuels to stay alive. As more come out of poverty, the demand for those manufactured items is accelerating.

The green movement has no plan to replace all that is manufactured from fossil fuels, just a plan to only generate electricity from breezes and sunshine.

Interesting, everything that needs electricity is made with the oil derivatives manufactured from crude oil, including all the parts of wind turbines, solar panels, and EV vehicles. In an all-electric world, there will be nothing to power without oil!

Like the national debt Ponzi, the shortages of the products, fuels, pesticides, and fertilizers MANUFACTURED from fossil fuels will also contribute to shortages and further inflation in perpetuity.

Thus, we may get to the net-zero emissions society that we had in the 1800’s when there were no coal-fired power plants, no natural gas power plants, and no crude oil to be manufactured at refineries into usable products, but with a few billion less people on this planet that will die from starvation, diseases, and weather-related fatalities.

Spread the Word

Subscribe to DailyClout so you never miss an update!

This DailyClout article is the writer’s opinion.
One of our country’s most important freedoms is that of free speech.
Agree with this essay? Disagree? Join the debate by writing to DailyClout HERE.
Spread the Word

  • Please support DailyClout.io. Our research, our uncompromising, fact-based journalism, our compelling opinion pieces and videos, our BillCam platform that lets you pass good bills and stop bad bills, and our lawsuits to preserve medical freedom and secure accountability for wrongdoers, have all helped to keep America and countries around the world safer and freer. We need your donations to keep fighting for you and your loved ones. We cannot do any of it without you and your generous support. Please give what you can as a one-time donation, or please, if you can, send us a monthly recurring donation. Please put resources behind the values you support, and that we do so much to help you defend.

    Thank you.

  • $0.00

bush economy FTX ftx scandal george w bush joe biden ponzi schemes president bush ron stein Sam Bankman-Fried
Previous StoryDr. Peter McCullough Provides In-Depth Analysis on Damar Hamlin’s Sudden Cardiac Arrest
Next StoryStatement Regarding Charge Laid Against John Carpay

1 reply added

  1. David Slesinger January 6, 2023 Log in to Reply

    I am a rare combination of a health freedom activist and a climate crisis activist. There is merit in many of the author’s points, especially his criticism of net zero as a goal. He did leave out hydrogen as a fuel, which has been far more developed in China and S Korea. None of this implies there is no climate crisis. Here is the best paper on that, pointing to important tipping points, beyond which there is likely no recovery..
    https://www.pnas.org/doi/10.1073/pnas.1810141115

Leave your comment Cancel Reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of strategy (1)
    Teachers For Choice: Open Letter to NYC Mayor Eric Adams: Rehire NYC Workers Fired During COVID Monday, 7, Jul
  • Texas flooding
    Catastrophic Flooding in Texas: Devastation and Recovery Efforts Monday, 7, Jul
  • Elon Musk launches America Party
    “Musk Launches America Party to Challenge Two-Party System” Monday, 7, Jul
  • Covid Vaccine and Neuropsychiatric Adverse Events
    COVID-19 Vaccines and Neuropsychiatric Risks: Study Insights Monday, 7, Jul
  • Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of Copy of strategy (1)
    Theocracy With Benefits: Syria’s Western-Sponsored Caliphate Friday, 4, Jul

Blog Archive

Subscribe to Our Free Newsletter

  • About Us
  • Advertise With DailyClout
  • Become a Member
  • BillCam
  • Communities
  • Contact Us
  • Donate
  • Submissions
  • Substack
  • Privacy Policy
View Cart Checkout Continue Shopping
Do you really want to logout of DailyClout?
Yes

You are now leaving DailyClout...