As usual, I’m a bit late on this week’s dime chart—I’m still working on June Newsletter, too). It’s Friday the 13th this Friday August 20th(August 21st… look, I’m a single father of a cat)Instead of ten charts this week, there are 13 horrific images which silently narrate an unfinished story that will be told for ages: The Fall of the United States Empire and Freedoms by Free Lunches.
The U.S. is undergoing a major transformation that will permanently sever the ideas and principles it was founded on. Our Federal Government has slowly expanded its role over the past few decades, but the unprecedented stimulus in response to Covid and thereafter engrained a path from private(market)economy to one driven by central planners. It would take 130 charts to fully illustrate or convincingly present our present transition. In a few weeks, I will do a follow up on an article I wrote over a year ago, “Nationalization”. The process of Nationalization is already occurring. Of course, most Americans(mostly ages 30+)do not believe this and think that the idea is far-fetched—forget that the data below is about the U.S.; provided only the data below, how would you define this economy?
Source: SIFMA
Total MBS outstanding 11.2 Trillion in 2020 — 9.8 of 11.2 Trillion are agency(backed by the government) MBS.
Only 130-140 Billion of student loans are by private lenders. For most Americans, it is their first loan and possibly the largest of their life; within the first year of becoming an adult Americans owe Uncle Sam tens of thousands, if not hundreds of thousands of dollars—Cqpitalism? 
A reliable indicator for determining the role and size of a government is its debt monetization or money creation. The Fed expanded its balance sheet by over 2 Trillion dollars in one quarter. In less than two years the Central Bank has doubled their asset holdings. 
The supply of money increased at the fastest rate ever in 2020; even after the unprecedented 13% quarterly increase of the money supply, growth remains at record levels. 
Within a span of 15 years the average American’s debt increased remarkably; a majority of it belongs or is backed by the Federal Government.
So the Federal government backs a majority of all mortgage debt and +90% of student loans; which means for most Americans 80% of all debt is backed by the Federal government. The private sector cannot survive in this environment. The market is forced to adapt to the intervention of Central Planners by concentrating into mega corporations; mega corporations become intertwined with government(this is the optimal period for corrupt politicians and/or the elite); the concentration within sectors can provide stability but it is certain to create severe crises which require bailouts in order to prevent a systemic collapse of the economy; failures met with bailouts are not tolerated for too long and naturally the blame is greed and profit, which means your representative has another solution: NATIONALIZATION. It’s for the greater good.