The US owes $34.7 trillion. What if debt holders realized that the Fed was not really going to fight inflation... and that they were just going to ‘print up’ trillions in pieces of green paper?
As a retired civil engineer, my grasp of modern economic theory is a little hazy (at least I admit it), but my grasp of numbers is still pretty good. If I am not mistaken, with federal deficits running around 7% of GDP, the government needs at least 7% inflation just to keep the value of the debt at the current level, measured against GDP. If they want to inflate away the debt, they would need to either reduce the deficit spending or increase inflation to an even higher level. Given the demonstrated lack of will to reduce spending, it seems likely to the point of certainty that higher levels of inflation lie ahead. Of course, government statistics may profess lower numbers, but we will each face the daily reality of higher prices and declining purchasing power.
Of course, the above was written on the basis of all things staying the same. Things will NOT stay the same. At inflation rates above 7%, the dollar ceases to be a reliable store of value, and things will break. What and when we can only speculate, but the coming years look to be turbulent.
Can one grasp smoke? Perhaps that’s why your view is hazy. Throw in some mirrors and you’ve got modern economic theory. It’s a Money Magic Show while they pic your pocket.
After reading “the Great Taking”, I’ll stick with door #4 (alternate assets). And as to Goldman et al heavily investing in AI, I say: “SkyNet comes to WallSteet”.
Spending CAN'T be reduced, because votes have been and are currently bought via that spending. NONE of this works long-term. We just don't know the length of the term. I thought we were "done" when the debt crossed the $1Trillion mark back in 1980. Best always. PM
Sorry again Paul, but since the introduction to electronic voting, whoever the International Banking Cartel wants in office, gets in office. Everything else is just smoke and mirrors, except for the Trump reality show. But still believe he’s part of the bigger picture due to his involvement with the CFR. Yes Paul, we are soon going to all be Fired! So the spending part is just a few thousand of the gang collecting millions, as the rest of the sheep get fleeced 🐑
We have reached the dilemma everyone on the Titanic faced: Do I stay with the ship and certainly perish, or do I take my chances in the ocean and nearly certainly perish? We are on a runaway train: do we jump now and hope, or take the given of a little extra time alive and ride the thing to the end? Best always. PM
It’s so much easier and comforting just staying on the train, or as the sweet frog being slowly boiled realizes, better wake up before things get too hot 🥵
Not a practical solution on a runaway train, and there is no Kobayashi Maru this time. I do, however, like your pluck, as I too, can't face the idea that there is no solution, but I'm afraid, this time, there isn't. Best always. PM
Time for some post humpday humor. If my fellow readers don’t appreciate satire, well…
Paleoanthropology Division
Smithsonian Institute
207 Pennsylvania Avenue
Washington, DC 20078
Dear Sir:
Thank you for your latest submission to the Institute, labeled "211-D, layer seven, next to the clothesline post, Hominid skull."
We have given this specimen a careful and detailed examination, and regret to inform you that we disagree with your theory that it represents "conclusive proof of the presence of Early Man in Charleston County two million years ago." Rather, it appears that what you have found is the head of a Barbie doll, of the variety one of our staff, who has small children, believes to be the "Malibu Barbie".
It is evident that you have given a great deal of thought to the analysis of this specimen, and you may be quite certain that those of us who are familiar with your prior work in the field were loathe to come to contradiction with your findings. However, we do feel that there are a number of physical attributes of the specimen which might have tipped you off to it's modern origin:
1. The material is molded plastic. Ancient hominid remains are typically fossilized bone.
2. The cranial capacity of the specimen is approximately 9 cubic centimeters, well below the threshold of even the earliest identified proto-hominids.
3. The dentition pattern evident on the "skull" is more consistent with the common domesticated dog than it is with the "ravenous man-eating Pliocene clams" you speculate roamed the wetlands during that time. This latter finding is certainly one of the most intriguing hypotheses you have submitted in your history with this institution, but the evidence seems to weigh rather heavily against it.
Without going into too much detail, let us say that:
A. The specimen looks like the head of a Barbie doll that a dog has chewed on.
B. Clams don't have teeth.
It is with feelings tinged with melancholy that we must deny your request to have the specimen carbon dated. This is partially due to the heavy load our lab must bear in it's normal operation, and partly due to carbon dating's notorious inaccuracy in fossils of recent geologic record. To the best of our knowledge, no Barbie dolls were produced prior to 1956 AD, and carbon dating is likely to produce wildly inaccurate results.
Sadly, we must also deny your request that we approach the National Science Foundation's Phylogeny Department with the concept of assigning your specimen the scientific name "Australopithecus spiff-arino." Speaking personally, I, for one, fought tenaciously for the acceptance of your proposed taxonomy, but was ultimately voted down because the species name you selected was hyphenated, and didn't really sound like it might be Latin.
However, we gladly accept your generous donation of this fascinating specimen to the museum.
While it is undoubtedly not a hominid fossil, it is, nonetheless, yet another riveting example of the great body of work you seem to accumulate here so effortlessly. You should know that our Director has reserved a special shelf in his own office for the display of the specimens you have previously submitted to the Institution, and the entire staff speculates daily on what you will happen upon next in your digs at the site you have discovered in your back yard.
We eagerly anticipate your trip to our nation's capital that you proposed in your last letter, and several of us are pressing the Director to pay for it. We are particularly interested in hearing you expand on your theories surrounding the "trans-positatingfillifitation of ferrous ions in a structural matrix" that makes the excellent juvenile Tyrannosaurus rex femur you recently discovered take on the deceptive appearance of a rusty 9-mm Sears Craftsman automotive crescent wrench.
Yep, as I pointed out earlier, the powers that be always get the sheep ready for whatever is coming by promoting it in movies, books, television shows and even the Simpsons. With our current corrupter in chief, it was the “Walking Dead” which describes an entire generation of useful idiots and the elders that created them 🤔would have been named the “The Walking Democrats” but that would have been a little too obvious 😊
LAMO until all the humorous cannot compete with the sobering stuff like this - https://tinyurl.com/mswvx3tu a former banker, Alasdair MacLeod.
Every time I’d listen to MacLeod on a webcast or podcast or read his writings…it is one more step towards a PhD from the valuable lessons curriculum at school of hard knocks.
GF, the absurdity of current times makes the satirist's job pretty easy. We can't ever lose our Monty Python-esque relationship to reality. If you really want to crap adobe, check the interview Jim Ferguson UK does with Godfrey Bloom on X. Apologies, if I were more tech savvy, I would have included the link
Exclusive Alert Breaking: "British Banks are all on the brink of collapse" Godfrey Bloom.
Banks in America are collapsing at the rate of one a month.
"we are entering a new dark age"
Godfrey Bloom ,Author, Fund manager, Former MEP and former British Army Major with the 4th Armoured Brigade gives a startling expose of how close to financial meltdown we are.
How reliable are our Banks? They are all insolvent.!
"Take your money out of the banks" If you want proof just go along and try to take it out! They wont let you.
The World Economic Forum led by Klaus Schwab are working to implement digital ID leading on to CBDC's which will allow them to abolish fiat currency and cash and then they will have full control over businesses and individual citizens.
Net Zero, Reducing Carbon-We are the carbon they want to reduce!!
Bill Gates is buying up farmland in huge amounts as their globalist chums seek to bankrupt farmers in Holland and across Europe and the world in order to corner the food market.
If they control the food they control the populations.
80% of the people in our respective countries don't understand whats coming and will be blindsided in the coming storm. You don't want to be one of them!
Its time to get prepared for whats happening. You need to know what happens next.
The remark, “ If they control the food they control the populations.”
This (Pharma Foods) was thoroughly researched and exhaustively published on Solari for subscribers here - https://whosyourfarmer.solari.com/pharma-food/ (possible pay wall).page 95 of 124 mentions “edible vaccines” and “hydrogels” described as, “…a candidate for creating the structure of synthetic meat, are also used for drug delivery…”
As for the concept of "owning " land, I think that may well be challenged in the future, especially as "we" are and will remain more numerous than "them".
The future will evolve, and not as Klaus and co would like.
I seem to remember that Germany had a serious debt problem after WWI and tackled it by printing tons of paper money. There are a few books around that recount what happened, if anyone is interested...
And on the fact that people can't eat paper; maybe the government should start printing edible money. They could call it Solyent Green...
“…to stir animal spirits and repress…” as Mr Bonner remarks today. So, so many ways to associate that phrase with a whole lot of topics.
By way of example (courtesy of Substack here - https://tinyurl.com/93enb6ej - a chart of the top 9 countries (Torpedo & Navy spending after the USA) AND, if you add these nine, the USA will still be larger than the next 9 combined! Also, remember that aerospace and military Ag’s use is estimated to be at least 5X greater than solar use
Begs prole questions:
▫️“What about that same U.S. aerospace and military usage estimate for Ti (Titanium)?”
▫️”What countries have the largest reserves of titanium (Ti) minerals?”
• The Lockheed SR-71 Blackbird, 93% of which weight consists of alloys that feature the material, an astounding 92% titanium. titanium alloy was the only option for the airframe because only titanium could provide the strength of stainless steel at a relatively light weight and the ability to withstand the enormous temperatures generated by flying at 2,200 mph.
• The Lockheed Martin F-22 Raptor, of which 42% of its weight is made up of alloys that contain titanium and the Lockheed Martin F-35 Lightning II, where titanium accounts for around a third of the aircraft’s weight.
• The majority of titanium that’s imported into the United States is used in the aerospace niche with 72% of the material being used in the sector.
Oh Mr Bonner, like the quote from Jared. The total opposite of priceless. Poor feckless Jared Bernstein epitomizes the Peter Principle. I am willing to wager all of BPR’s readers can understand and grasp the magnitude of this hockey stick graphic - https://tinyurl.com/4n7a3dkv
If one’s b.s. tolerance level is high; listening to incumbent **31st Chair of the Council of Economic Advisers** Jared Bernstein here - https://tinyurl.com/3ekxfbad
** preeminent choice for the chair alright:
• Bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien.
• Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.
Bonner's written account of Bernstein's meltdown is fairly accurate, but it has to be seen to truly appreciate how utterly clueless he was. I want to know where he got his PhD because NO ONE should pay any tuition to go there. (Actually, they should be issuing refunds.)
If we are honest with ourselves, we know that this has been coming for a long time. It may be a shock or surprise for someone who is not savvy with numbers or consequences. For years, I have told my friends that we can't afford ourselves as Americans. The spend, spend, spend; borrow, borrow, borrow mentality has crushed the US treasury and most US citizens. Cheap interest rates for too long has become a nightmare to most. The inmates in Washington have been running the asylum for longer than we think. Doing more with less is a difficult task for sure and most of us can't do that. I have no idea what all of the results will be, but, I don't think that we will be happy with most of them. Prayers for our country that the powers that be will have an epiphany of great ideas. May God continue to bless America in spite of our obvious ignorance and horrendous mistakes.
The way you have written this up is really hard to understand. Especially the 17.5 year as I can’t make sense out of that either. It occurs to me that a rule of 72s would be easier to compute. For example at a 4% inflation rate printing that much new money extra each year then the effective amount of USA debt would shrink by 1/2 every 18 years. At 6% it would shrink by 1/2 every 12 years. At that rate we would effective go from 34T to 17T in 12 years at 6% real inflation and from 17T to 8.5T in 24 years, then down to 4.25T in
36 years, 2.125T in 48 years and 1.612T in 60 years. If they could hold that 6% inflation rate it would effectively make our long term debt evaporate. If course asset values would increase by that same formula which in my 86 year lifetime at least since the 1970s asset values in property have doubled about every 10 to 12 years anyway.
Rule of 72 is an excellent way for everyone to get a quick takeaway. Easy arithmetic to gauge how one’s own investments will double over time. That part is accurate.
It’s a rhetorical question (not a hypothetical); can the U.S. GDP garner a buck per second in revenue, or does the U.S. GDP need help from the taxpayer &\or money printer?
A trillion is a massive, almost unfathomable number. The human brain has trouble understanding something so huge. So let me try to put it into perspective.
Calculation: If the U.S. government could obtain revenue at the rate of $1 per second, it would indeed take 31,688 years to make a trillion dollars. This is because there are 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, and approximately 365.25 days in a year (considering leap years). Therefore, the calculation can be broken down as follows:
$1 per second
$60 per minute ($1 x 60)
$3,600 per hour ($60 x 60)
$86,400 per day ($3,600 x 24)
$31,536,000 per year ($86,400 x 365.25)
To find out how many years it would take to make a trillion dollars: $1 trillion / $31,536,000 = approximately 31,688 years
All members of congress should be required to have a balanced budget. Failure to meet the requirement results in the inability to run for another term and sacrifice of all government pensions and perks. Make it a law, and the riff raff will be running out of Washington like a rats on a ship.
Give me a Presidential candidate from any party, who makes the payment responsibility to SS, Medicare and Veterans, the first priority, and he/she would win by a landslide.
Relief of debt is covered by bankruptcy. No one has the authority to cancel someone's debt unless it is with their own money, not the taxpayers. This goes for Students, banks, businesses, foreign governments, and anybody else that I cannot think of off hand.
And my remark is meant tongue firmly planted in cheek about “term limits”.
All members of congress should serve only two (2) terms; one (1) in office, the other (1) in prison… others on here interested in being on prison sentencing jury here can decide on duration, and whether served consecutively or concurrently
“All members of congress should be required to have a balanced budget.” Their personal households probably are balanced because there, they have skin in the game. Yes, there ought to be a directive for House Rule for the Ways and Means committee to only approve spending within a balance budget, with transparent (blockchain) spending oversight.
Well, it looks like you pointed out where the butter meets the bread. And the dreaded i-word is where it's at. The federal trough just keeps getting bigger. It'll never be too big for those whose strength is being the first in line for the money spigot. They'll just never tell us: What is so bad about them being the ones to endure the austerity?
My view is it nearly always the right thing to do to take social security at the earliest eligibility date. To understand the rationale create 2 columns of numbers, one starting at age 62(or whatever year your earliest eligibility starts), and the other column starting at a deferred date(pick one), say age 67 or 70. In each column plug in the income stream, year by year. You are looking for the age(your age) when the cumulative value of your social security income streams is the same in both columns.
When I first did the calculation a few months before turning 62, I used 66 1/2 as my optional deferred age to begin SS payments and used the income amounts provided by Social Security for the early(62) and “full retirement”(for me) age of 66 1/2. When were the 2 income streams the same in cumulative payment terms?
The answer was one month prior to my 80th birthday. The decision was easy at that point.
Yes, I ran a similar calculus. The variable was my life expectancy vs. the government's. As you say, the decision was easy at that point. Despite that, my favorite scam is Medicare.
It is the ultimate American boondoggle. Best always. PM
There’s an old saying about having a bird in one’s hand… Speaking personally, I went early and even got some “pre-inflationary” payments which I rapidly converted into more durable assets.
As a retired civil engineer, my grasp of modern economic theory is a little hazy (at least I admit it), but my grasp of numbers is still pretty good. If I am not mistaken, with federal deficits running around 7% of GDP, the government needs at least 7% inflation just to keep the value of the debt at the current level, measured against GDP. If they want to inflate away the debt, they would need to either reduce the deficit spending or increase inflation to an even higher level. Given the demonstrated lack of will to reduce spending, it seems likely to the point of certainty that higher levels of inflation lie ahead. Of course, government statistics may profess lower numbers, but we will each face the daily reality of higher prices and declining purchasing power.
Of course, the above was written on the basis of all things staying the same. Things will NOT stay the same. At inflation rates above 7%, the dollar ceases to be a reliable store of value, and things will break. What and when we can only speculate, but the coming years look to be turbulent.
Can one grasp smoke? Perhaps that’s why your view is hazy. Throw in some mirrors and you’ve got modern economic theory. It’s a Money Magic Show while they pic your pocket.
At a minimum, pick pocketing indeed. Even more egregious, a ponzi con game.
With your new m.d.a. acronym on hand; killed some time over a ☕️cuppa☕️ & asked AI
A.I.’s answer about m.d.a.’s (included a bar chart too) https://tinyurl.com/b3ryt7jn
Less than satisfied with that AI baloney, seemed prudent to inquire about who are the pick pocketers; A.I.’s answer - https://tinyurl.com/dcuewxpu
And, no wonder why the vast majority of those blessed with common sense are quite willing to throw a cat amongst the pigeons.
After reading “the Great Taking”, I’ll stick with door #4 (alternate assets). And as to Goldman et al heavily investing in AI, I say: “SkyNet comes to WallSteet”.
Spending CAN'T be reduced, because votes have been and are currently bought via that spending. NONE of this works long-term. We just don't know the length of the term. I thought we were "done" when the debt crossed the $1Trillion mark back in 1980. Best always. PM
Sorry again Paul, but since the introduction to electronic voting, whoever the International Banking Cartel wants in office, gets in office. Everything else is just smoke and mirrors, except for the Trump reality show. But still believe he’s part of the bigger picture due to his involvement with the CFR. Yes Paul, we are soon going to all be Fired! So the spending part is just a few thousand of the gang collecting millions, as the rest of the sheep get fleeced 🐑
You don't have to be sorry on my account. I know it's both a scam and terminal. Feel sorry for the jillions who think it's real. Best always. PM
P.S. And who would have thought that Mr. Trump would turn out to be our "Man of La Mancha?"
We have reached the dilemma everyone on the Titanic faced: Do I stay with the ship and certainly perish, or do I take my chances in the ocean and nearly certainly perish? We are on a runaway train: do we jump now and hope, or take the given of a little extra time alive and ride the thing to the end? Best always. PM
It’s so much easier and comforting just staying on the train, or as the sweet frog being slowly boiled realizes, better wake up before things get too hot 🥵
Find a lifeboat !
Not a practical solution on a runaway train, and there is no Kobayashi Maru this time. I do, however, like your pluck, as I too, can't face the idea that there is no solution, but I'm afraid, this time, there isn't. Best always. PM
Perfect Paul !
Time for some post humpday humor. If my fellow readers don’t appreciate satire, well…
Paleoanthropology Division
Smithsonian Institute
207 Pennsylvania Avenue
Washington, DC 20078
Dear Sir:
Thank you for your latest submission to the Institute, labeled "211-D, layer seven, next to the clothesline post, Hominid skull."
We have given this specimen a careful and detailed examination, and regret to inform you that we disagree with your theory that it represents "conclusive proof of the presence of Early Man in Charleston County two million years ago." Rather, it appears that what you have found is the head of a Barbie doll, of the variety one of our staff, who has small children, believes to be the "Malibu Barbie".
It is evident that you have given a great deal of thought to the analysis of this specimen, and you may be quite certain that those of us who are familiar with your prior work in the field were loathe to come to contradiction with your findings. However, we do feel that there are a number of physical attributes of the specimen which might have tipped you off to it's modern origin:
1. The material is molded plastic. Ancient hominid remains are typically fossilized bone.
2. The cranial capacity of the specimen is approximately 9 cubic centimeters, well below the threshold of even the earliest identified proto-hominids.
3. The dentition pattern evident on the "skull" is more consistent with the common domesticated dog than it is with the "ravenous man-eating Pliocene clams" you speculate roamed the wetlands during that time. This latter finding is certainly one of the most intriguing hypotheses you have submitted in your history with this institution, but the evidence seems to weigh rather heavily against it.
Without going into too much detail, let us say that:
A. The specimen looks like the head of a Barbie doll that a dog has chewed on.
B. Clams don't have teeth.
It is with feelings tinged with melancholy that we must deny your request to have the specimen carbon dated. This is partially due to the heavy load our lab must bear in it's normal operation, and partly due to carbon dating's notorious inaccuracy in fossils of recent geologic record. To the best of our knowledge, no Barbie dolls were produced prior to 1956 AD, and carbon dating is likely to produce wildly inaccurate results.
Sadly, we must also deny your request that we approach the National Science Foundation's Phylogeny Department with the concept of assigning your specimen the scientific name "Australopithecus spiff-arino." Speaking personally, I, for one, fought tenaciously for the acceptance of your proposed taxonomy, but was ultimately voted down because the species name you selected was hyphenated, and didn't really sound like it might be Latin.
However, we gladly accept your generous donation of this fascinating specimen to the museum.
While it is undoubtedly not a hominid fossil, it is, nonetheless, yet another riveting example of the great body of work you seem to accumulate here so effortlessly. You should know that our Director has reserved a special shelf in his own office for the display of the specimens you have previously submitted to the Institution, and the entire staff speculates daily on what you will happen upon next in your digs at the site you have discovered in your back yard.
We eagerly anticipate your trip to our nation's capital that you proposed in your last letter, and several of us are pressing the Director to pay for it. We are particularly interested in hearing you expand on your theories surrounding the "trans-positatingfillifitation of ferrous ions in a structural matrix" that makes the excellent juvenile Tyrannosaurus rex femur you recently discovered take on the deceptive appearance of a rusty 9-mm Sears Craftsman automotive crescent wrench.
Yours in Science,
Harvey Rowe Curator, Antiquities
Lololol, looks like our current almost president has a hobby we just learned about😊
Meaning(?), the cadaver which rests at 1600 Transylvania Ave in the district of corruption
Yep, as I pointed out earlier, the powers that be always get the sheep ready for whatever is coming by promoting it in movies, books, television shows and even the Simpsons. With our current corrupter in chief, it was the “Walking Dead” which describes an entire generation of useful idiots and the elders that created them 🤔would have been named the “The Walking Democrats” but that would have been a little too obvious 😊
I think it is called "predictive programming" and seems to be working as planned.
In OZ the "flu" thing is back with the usual suspects spreading the usual load of baloney.
Happy days indeed!
LMAO!
Me too Brian.
LAMO until all the humorous cannot compete with the sobering stuff like this - https://tinyurl.com/mswvx3tu a former banker, Alasdair MacLeod.
Every time I’d listen to MacLeod on a webcast or podcast or read his writings…it is one more step towards a PhD from the valuable lessons curriculum at school of hard knocks.
Cheers,
M
GF, the absurdity of current times makes the satirist's job pretty easy. We can't ever lose our Monty Python-esque relationship to reality. If you really want to crap adobe, check the interview Jim Ferguson UK does with Godfrey Bloom on X. Apologies, if I were more tech savvy, I would have included the link
This seems to be the URL here dated 9 May 2024 timestamp @ 3:39AM
https://twitter.com/JimFergusonUK/status/1788503981469094071
Here is the teaser on X at the above link …
Exclusive Alert Breaking: "British Banks are all on the brink of collapse" Godfrey Bloom.
Banks in America are collapsing at the rate of one a month.
"we are entering a new dark age"
Godfrey Bloom ,Author, Fund manager, Former MEP and former British Army Major with the 4th Armoured Brigade gives a startling expose of how close to financial meltdown we are.
How reliable are our Banks? They are all insolvent.!
"Take your money out of the banks" If you want proof just go along and try to take it out! They wont let you.
The World Economic Forum led by Klaus Schwab are working to implement digital ID leading on to CBDC's which will allow them to abolish fiat currency and cash and then they will have full control over businesses and individual citizens.
Net Zero, Reducing Carbon-We are the carbon they want to reduce!!
Bill Gates is buying up farmland in huge amounts as their globalist chums seek to bankrupt farmers in Holland and across Europe and the world in order to corner the food market.
If they control the food they control the populations.
80% of the people in our respective countries don't understand whats coming and will be blindsided in the coming storm. You don't want to be one of them!
Its time to get prepared for whats happening. You need to know what happens next.
That's the one. Thx
The remark, “ If they control the food they control the populations.”
This (Pharma Foods) was thoroughly researched and exhaustively published on Solari for subscribers here - https://whosyourfarmer.solari.com/pharma-food/ (possible pay wall).page 95 of 124 mentions “edible vaccines” and “hydrogels” described as, “…a candidate for creating the structure of synthetic meat, are also used for drug delivery…”
As for the concept of "owning " land, I think that may well be challenged in the future, especially as "we" are and will remain more numerous than "them".
The future will evolve, and not as Klaus and co would like.
Sums up most of the current theories of everything !
I seem to remember that Germany had a serious debt problem after WWI and tackled it by printing tons of paper money. There are a few books around that recount what happened, if anyone is interested...
And on the fact that people can't eat paper; maybe the government should start printing edible money. They could call it Solyent Green...
“…to stir animal spirits and repress…” as Mr Bonner remarks today. So, so many ways to associate that phrase with a whole lot of topics.
By way of example (courtesy of Substack here - https://tinyurl.com/93enb6ej - a chart of the top 9 countries (Torpedo & Navy spending after the USA) AND, if you add these nine, the USA will still be larger than the next 9 combined! Also, remember that aerospace and military Ag’s use is estimated to be at least 5X greater than solar use
Begs prole questions:
▫️“What about that same U.S. aerospace and military usage estimate for Ti (Titanium)?”
▫️”What countries have the largest reserves of titanium (Ti) minerals?”
Pregnant pause followed by a nervous gulping sound, uuhhmmm https://tinyurl.com/bdzcysz8
• The Lockheed SR-71 Blackbird, 93% of which weight consists of alloys that feature the material, an astounding 92% titanium. titanium alloy was the only option for the airframe because only titanium could provide the strength of stainless steel at a relatively light weight and the ability to withstand the enormous temperatures generated by flying at 2,200 mph.
• The Lockheed Martin F-22 Raptor, of which 42% of its weight is made up of alloys that contain titanium and the Lockheed Martin F-35 Lightning II, where titanium accounts for around a third of the aircraft’s weight.
• The majority of titanium that’s imported into the United States is used in the aerospace niche with 72% of the material being used in the sector.
Dodos all of them, if mind control is so effective then every military tool is not required.
As the past four years have shown mind control works.
That explains the stupid actions by so many people, and governments globally with woke policies and net zero programs.
However not all the population can be mesmerized, and so coercion will still be required.
If the internet failed and the "media" had no means of propagation that would be a "reset"!
Odin, you knocked my funny bone hard. LMAO.
Dodos 🦤 an extinct flightless creature. Hhmmm
Perfect solution comes to mind taken from a British idiom.
“Throw a cat in amongst the dodos”.
Meows, from an unmesmerized cat
Mark
Oh Mr Bonner, like the quote from Jared. The total opposite of priceless. Poor feckless Jared Bernstein epitomizes the Peter Principle. I am willing to wager all of BPR’s readers can understand and grasp the magnitude of this hockey stick graphic - https://tinyurl.com/4n7a3dkv
If one’s b.s. tolerance level is high; listening to incumbent **31st Chair of the Council of Economic Advisers** Jared Bernstein here - https://tinyurl.com/3ekxfbad
** preeminent choice for the chair alright:
• Bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien.
• Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.
Bonner's written account of Bernstein's meltdown is fairly accurate, but it has to be seen to truly appreciate how utterly clueless he was. I want to know where he got his PhD because NO ONE should pay any tuition to go there. (Actually, they should be issuing refunds.)
Well said. Agree with all you wrote.
And, nice to read your remarks again.
Cheers,
M
Useful idiots !
If we are honest with ourselves, we know that this has been coming for a long time. It may be a shock or surprise for someone who is not savvy with numbers or consequences. For years, I have told my friends that we can't afford ourselves as Americans. The spend, spend, spend; borrow, borrow, borrow mentality has crushed the US treasury and most US citizens. Cheap interest rates for too long has become a nightmare to most. The inmates in Washington have been running the asylum for longer than we think. Doing more with less is a difficult task for sure and most of us can't do that. I have no idea what all of the results will be, but, I don't think that we will be happy with most of them. Prayers for our country that the powers that be will have an epiphany of great ideas. May God continue to bless America in spite of our obvious ignorance and horrendous mistakes.
How can God bless a nation that murders its unborn?
The way you have written this up is really hard to understand. Especially the 17.5 year as I can’t make sense out of that either. It occurs to me that a rule of 72s would be easier to compute. For example at a 4% inflation rate printing that much new money extra each year then the effective amount of USA debt would shrink by 1/2 every 18 years. At 6% it would shrink by 1/2 every 12 years. At that rate we would effective go from 34T to 17T in 12 years at 6% real inflation and from 17T to 8.5T in 24 years, then down to 4.25T in
36 years, 2.125T in 48 years and 1.612T in 60 years. If they could hold that 6% inflation rate it would effectively make our long term debt evaporate. If course asset values would increase by that same formula which in my 86 year lifetime at least since the 1970s asset values in property have doubled about every 10 to 12 years anyway.
QUIT expecting it to make sense! That's the essence of the con game. Best always. PM
Rule of 72 is an excellent way for everyone to get a quick takeaway. Easy arithmetic to gauge how one’s own investments will double over time. That part is accurate.
It’s a rhetorical question (not a hypothetical); can the U.S. GDP garner a buck per second in revenue, or does the U.S. GDP need help from the taxpayer &\or money printer?
A trillion is a massive, almost unfathomable number. The human brain has trouble understanding something so huge. So let me try to put it into perspective.
Calculation: If the U.S. government could obtain revenue at the rate of $1 per second, it would indeed take 31,688 years to make a trillion dollars. This is because there are 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, and approximately 365.25 days in a year (considering leap years). Therefore, the calculation can be broken down as follows:
$1 per second
$60 per minute ($1 x 60)
$3,600 per hour ($60 x 60)
$86,400 per day ($3,600 x 24)
$31,536,000 per year ($86,400 x 365.25)
To find out how many years it would take to make a trillion dollars: $1 trillion / $31,536,000 = approximately 31,688 years
Therefore, the calculation is correct.
There's the problem: the government makes nothing but misery. Best always. PM
The rule of 72 is a lot easier on the brain, a quick way to get an approximate value.
As an aside, if all countries forgave each other's debt, then that would be a real reset.
Would not make the banksters happy though!
Could send them to a country somewhere, clearing minefields.
High inflation has been the pattern in Latin America. We are heading down the Argentine way. Gold sounds good to me.
All members of congress should be required to have a balanced budget. Failure to meet the requirement results in the inability to run for another term and sacrifice of all government pensions and perks. Make it a law, and the riff raff will be running out of Washington like a rats on a ship.
Give me a Presidential candidate from any party, who makes the payment responsibility to SS, Medicare and Veterans, the first priority, and he/she would win by a landslide.
Relief of debt is covered by bankruptcy. No one has the authority to cancel someone's debt unless it is with their own money, not the taxpayers. This goes for Students, banks, businesses, foreign governments, and anybody else that I cannot think of off hand.
Fair enough.
And my remark is meant tongue firmly planted in cheek about “term limits”.
All members of congress should serve only two (2) terms; one (1) in office, the other (1) in prison… others on here interested in being on prison sentencing jury here can decide on duration, and whether served consecutively or concurrently
“All members of congress should be required to have a balanced budget.” Their personal households probably are balanced because there, they have skin in the game. Yes, there ought to be a directive for House Rule for the Ways and Means committee to only approve spending within a balance budget, with transparent (blockchain) spending oversight.
Yes, and the president is "required" to defend the borders. Get real, Comrade. There is only ONE requirement: keep the scam going. Best always. PM
Well, it looks like you pointed out where the butter meets the bread. And the dreaded i-word is where it's at. The federal trough just keeps getting bigger. It'll never be too big for those whose strength is being the first in line for the money spigot. They'll just never tell us: What is so bad about them being the ones to endure the austerity?
At the rate they are spending the US will do both … inflate and increase the value of the debt!!
Credit Suisse Analyst Zoltan Pozsar strikes again. This time, it’s about a revolt!!
Summation courtesy of Substack’s Silver Academy here - https://tinyurl.com/54j5hwn2
Question: Given the sorry state of Social Security, should those who qualify take it now before there is nothing for the taking later?
My view is it nearly always the right thing to do to take social security at the earliest eligibility date. To understand the rationale create 2 columns of numbers, one starting at age 62(or whatever year your earliest eligibility starts), and the other column starting at a deferred date(pick one), say age 67 or 70. In each column plug in the income stream, year by year. You are looking for the age(your age) when the cumulative value of your social security income streams is the same in both columns.
When I first did the calculation a few months before turning 62, I used 66 1/2 as my optional deferred age to begin SS payments and used the income amounts provided by Social Security for the early(62) and “full retirement”(for me) age of 66 1/2. When were the 2 income streams the same in cumulative payment terms?
The answer was one month prior to my 80th birthday. The decision was easy at that point.
Yes, I ran a similar calculus. The variable was my life expectancy vs. the government's. As you say, the decision was easy at that point. Despite that, my favorite scam is Medicare.
It is the ultimate American boondoggle. Best always. PM
There’s an old saying about having a bird in one’s hand… Speaking personally, I went early and even got some “pre-inflationary” payments which I rapidly converted into more durable assets.
👍 “… converted into more durable assets.”👍
A new acronym is born, m.d.a.’s
Kudos, on both the conversion & acronym.