Bill, this is some mighty fine writing: "Why not give Harry Truman credit for the urban renewal program in Nagasaki after 1945? Why not give Chief Sitting Bull credit for reducing payroll costs in the 7th Cavalry?" Always informative and always entertaining :-)
Yes Alex, the burning and rebuilding of cities in America has been going on for decades. It worked well in the past, and even better now for their new 15 minute new world city program.
Soon all the empty office space will become apartments, and most will be working within 15 minutes from their dwellings.
Between directing humans where they will live and controlling their currency, life will get very interesting in the next few decades...
"Because what Biden did was nothing more than continue the bonehead policies of his predecessor: stimmies to the voters, subsidies to crony industries, gifts to Zelensky et al…and enough weapons to keep the killing machine in gear." -- Bill in Today's Missive
I hate to nitpick our fearless leader, but the gifts to Zelensky et al and the weapons to Ukraine were not continued policies of Biden's predecessor (Russia didn't invade Ukraine until Biden was in office over a year). In fact, it could be argued that Biden's predecessor's policies kept Putin out of Ukraine.
In 2018 we removed a loud and inefficient wall A/C unit in our guest casita and replaced it with a new Mitsubishi ductless split unit. It cost $3200 installed. A few weeks ago it stopped cooling. Had the hVAC company that installed it out. To cut to the chase - by the time this is fixed (a leaking indoor air handler), we’re out over $4100. Over a barrel, August in AZ, so we’ll bite the bullet. The leaky part is under warranty, lol. Otherwise it would be $6100. Why not replace everything? Now it’s $8500 for the same setup installed. Bidenomics is awesome, but just for the beneficiaries of the Cantillion effect, not for the American consumer or working people. I wanted my kids to become investment bankers or neurosurgeons, but I’m telling them now to learn how to install and fix air conditioners instead. It pays better and you get to work outdoors. 🫤🙄 Thanks Bidenomics. Thanks CIA-CCP plannedemic.
I guarantee when we read the "solutions" from Stiglitz, they'll be doozies. In fact, I' think they'll be as bizarre as giving credit to "Joe Biden" for saving the economy.
1. Since the US (along with the rest of the world) is trending cashless using credit cards, how much of that credit card debt is transient? Who in their right mind pays 20% interest and not pay off their statement?
2. Also - if that debt graph were normalized to the 1971 dollar, what would it look like? Would that $17T be only about $300B in '71 bucks? Still not small potatoes and even then, Sen Everett Dirkson once said "A billion here, a billion there and it starts to add up to REAL money."
For BPR, I suggest that each graph chart shown has 2 lines or a small box at the bottom showing changes corrected for gold value and corrected for a known inflation rate. (Probably not the current CPI. Pick one that includes the middle classes' living costs, food, energy, etc. and stick with it.)
This is a 2 minute exercise per chart with a simple spreadsheet that could be on each of your computers. Enter beginning and end numbers of the chart and, presto, 3 sets of percentage changes show up:
1) what the lying inflated chart says,
2) what the change is adjusted for inflation according the a standard BPR inflation calculation (pick the one you all like and stick with it.)
3) what the change is in gold.
Cut and paste. Then thousands of us see reality.
No offence intended, but the Total Debt Balances and Composition chart is useless without showing the inflation corrected total, or at least a subtitle. I think you and Dan pointed this out recently.
As I have said before, wage growth is before payroll deductions such as social security and taxes. Disposable income available is much less and inflation calculations on most items are after tax purchases.
Why isn't Paul Krugman getting more Nobel Prizes for his $1T platinum coin brainstorm? I have something better, a $33 T palladium coin. Why not remove the whole fiscal debt while we're are at it. Then why not a $120 steel coin to solve all the future promises. Come on boys let's get to some real solutions! That is surely worth a few more Nobel Prizes! Hey I'd like one too!
These political clowns and their bought out economists, Stiglitz, just keep the clown act running. Stiglitz even won a Nobel Prize which is now confirmation he is bought and paid for by the elite. Where is Stephanie Kelton she certainly deserves a Nobel Prize for her support of the clowns.
Excellent writing as usual, but I've one small nit to pick: the national debt never went down during Clintion's term in office. Through the miracle of government accounting they did report surpluses in the four years 1998 through 2001, but the national debt increased in each of those years. (Source: https://www.thebalancemoney.com/us-deficit-by-year-3306306) The last year in which the national debt went down in nominal terms was 1957.
A fantastic short and accurate description of recent economic results. Of course this forum is for those who have chosen Bonner's team's views as accurate so I'm preaching the choir. Earlier this morning I listened to Neil Howe's ideas on the 4th turning, which seems to perfectly characterize our environment. Bill's description rings SO TRUE as does Dan's and Joel's. One can't help but become sarcastic like Bill's Truman credit after Nagasaki or Sitting Bull's reduction of payroll costs for the Calvary. Listening to the progressive's narrative is just so full of itself. My suspicion is that this will become THE DEFINITION of hubris after all is said and done. AND isn't it simply perfect for a bull market top or the big first bear market rally off the top?
Thanks guys!
Just the first thing I want to read every morning.
Bill, The Nagasaki urban land development analogy made me laugh so hard, my eyes popped out of my skull sockets with the force of like 2 atomic bombs!
And just when I thought that I was through laughing, I read:
“And now, empire spending – including money for soldiers, spooks, the World Bank and embassies, et al – has risen to $1.5 trillion PER YEAR.” (Bonner)
I continued laughing so hard that “I slipped, hit my head on the edge of the sink, and when I came to” (Doc Brown) I was blind, because I had no eyeballs in my eye sockets!
So “Like a blind man at an orgy, I was going to have to feel things out.” (Naked Gun 33 1/3)
But wait, there’s more in the future, or do you mean the past?
Skinhead : [throws Marty in the trunk of a car] That's for messing up my hair!
Band Member : What the hell you doing to my car?
3-D : Hey, beat it, spook. This don't concern you.
Marvin Berry : [four additional band members get out of the car] Who you calling "spook," peckerwood?
Skinhead : Hey, hey, listen, guys... Look, I don't wanna mess with no reefer addicts, okay?
Marvin Berry : Get home to your mama, boy.
3-D : Biff, help!
[the band members chase the boys]
Hahaha! 😂 l literally almost crapped my pants from all the laughing! What a beautiful day!
Bill, this is some mighty fine writing: "Why not give Harry Truman credit for the urban renewal program in Nagasaki after 1945? Why not give Chief Sitting Bull credit for reducing payroll costs in the 7th Cavalry?" Always informative and always entertaining :-)
Reminds me of a meme of Keynesian economics - burn down a neighborhood to stimulate economic growth.
Yes Alex, the burning and rebuilding of cities in America has been going on for decades. It worked well in the past, and even better now for their new 15 minute new world city program.
Soon all the empty office space will become apartments, and most will be working within 15 minutes from their dwellings.
Between directing humans where they will live and controlling their currency, life will get very interesting in the next few decades...
Lets see how it plays out...
Yeah, pummel the lands and see the economy grow.
Or a Eastern European/ Asian country
"Because what Biden did was nothing more than continue the bonehead policies of his predecessor: stimmies to the voters, subsidies to crony industries, gifts to Zelensky et al…and enough weapons to keep the killing machine in gear." -- Bill in Today's Missive
I hate to nitpick our fearless leader, but the gifts to Zelensky et al and the weapons to Ukraine were not continued policies of Biden's predecessor (Russia didn't invade Ukraine until Biden was in office over a year). In fact, it could be argued that Biden's predecessor's policies kept Putin out of Ukraine.
Pipe down while Bill gets his TDS on...
In 2018 we removed a loud and inefficient wall A/C unit in our guest casita and replaced it with a new Mitsubishi ductless split unit. It cost $3200 installed. A few weeks ago it stopped cooling. Had the hVAC company that installed it out. To cut to the chase - by the time this is fixed (a leaking indoor air handler), we’re out over $4100. Over a barrel, August in AZ, so we’ll bite the bullet. The leaky part is under warranty, lol. Otherwise it would be $6100. Why not replace everything? Now it’s $8500 for the same setup installed. Bidenomics is awesome, but just for the beneficiaries of the Cantillion effect, not for the American consumer or working people. I wanted my kids to become investment bankers or neurosurgeons, but I’m telling them now to learn how to install and fix air conditioners instead. It pays better and you get to work outdoors. 🫤🙄 Thanks Bidenomics. Thanks CIA-CCP plannedemic.
BB: I am enjoying all the responses you received from your "Bidenomics" article.
Hey, I really liked the Sitting Bull comment .
According to Newt Gingrich the Clinton surpluses were not inadvertent, but a result of his group's control of Congressional budgeting.
rjt: Whatever works!
I guarantee when we read the "solutions" from Stiglitz, they'll be doozies. In fact, I' think they'll be as bizarre as giving credit to "Joe Biden" for saving the economy.
Just can't wait to see Stiglitz's "solutions". That's gpnna be the final laugh and I hope I can laugh at that point.
I wonder:
1. Since the US (along with the rest of the world) is trending cashless using credit cards, how much of that credit card debt is transient? Who in their right mind pays 20% interest and not pay off their statement?
2. Also - if that debt graph were normalized to the 1971 dollar, what would it look like? Would that $17T be only about $300B in '71 bucks? Still not small potatoes and even then, Sen Everett Dirkson once said "A billion here, a billion there and it starts to add up to REAL money."
"Who in their right mind pays 20% interest and not pay off their statement?"
Madness is something rare in individuals – but in groups, parties, peoples, ages it is the rule.
-Friedrich Nietzsche, Beyond Good and Evil (1886)
That said, people get stuck sometimes, trying to keep up with their former, now untenable lifestyle. They're Americans, after all.
SUGGESTION, for what it's worth:
For BPR, I suggest that each graph chart shown has 2 lines or a small box at the bottom showing changes corrected for gold value and corrected for a known inflation rate. (Probably not the current CPI. Pick one that includes the middle classes' living costs, food, energy, etc. and stick with it.)
This is a 2 minute exercise per chart with a simple spreadsheet that could be on each of your computers. Enter beginning and end numbers of the chart and, presto, 3 sets of percentage changes show up:
1) what the lying inflated chart says,
2) what the change is adjusted for inflation according the a standard BPR inflation calculation (pick the one you all like and stick with it.)
3) what the change is in gold.
Cut and paste. Then thousands of us see reality.
No offence intended, but the Total Debt Balances and Composition chart is useless without showing the inflation corrected total, or at least a subtitle. I think you and Dan pointed this out recently.
As I have said before, wage growth is before payroll deductions such as social security and taxes. Disposable income available is much less and inflation calculations on most items are after tax purchases.
Why isn't Paul Krugman getting more Nobel Prizes for his $1T platinum coin brainstorm? I have something better, a $33 T palladium coin. Why not remove the whole fiscal debt while we're are at it. Then why not a $120 steel coin to solve all the future promises. Come on boys let's get to some real solutions! That is surely worth a few more Nobel Prizes! Hey I'd like one too!
These political clowns and their bought out economists, Stiglitz, just keep the clown act running. Stiglitz even won a Nobel Prize which is now confirmation he is bought and paid for by the elite. Where is Stephanie Kelton she certainly deserves a Nobel Prize for her support of the clowns.
Excellent writing as usual, but I've one small nit to pick: the national debt never went down during Clintion's term in office. Through the miracle of government accounting they did report surpluses in the four years 1998 through 2001, but the national debt increased in each of those years. (Source: https://www.thebalancemoney.com/us-deficit-by-year-3306306) The last year in which the national debt went down in nominal terms was 1957.
A fantastic short and accurate description of recent economic results. Of course this forum is for those who have chosen Bonner's team's views as accurate so I'm preaching the choir. Earlier this morning I listened to Neil Howe's ideas on the 4th turning, which seems to perfectly characterize our environment. Bill's description rings SO TRUE as does Dan's and Joel's. One can't help but become sarcastic like Bill's Truman credit after Nagasaki or Sitting Bull's reduction of payroll costs for the Calvary. Listening to the progressive's narrative is just so full of itself. My suspicion is that this will become THE DEFINITION of hubris after all is said and done. AND isn't it simply perfect for a bull market top or the big first bear market rally off the top?
Thanks guys!
Just the first thing I want to read every morning.
Bill, The Nagasaki urban land development analogy made me laugh so hard, my eyes popped out of my skull sockets with the force of like 2 atomic bombs!
And just when I thought that I was through laughing, I read:
“And now, empire spending – including money for soldiers, spooks, the World Bank and embassies, et al – has risen to $1.5 trillion PER YEAR.” (Bonner)
I continued laughing so hard that “I slipped, hit my head on the edge of the sink, and when I came to” (Doc Brown) I was blind, because I had no eyeballs in my eye sockets!
So “Like a blind man at an orgy, I was going to have to feel things out.” (Naked Gun 33 1/3)
But wait, there’s more in the future, or do you mean the past?
Skinhead : [throws Marty in the trunk of a car] That's for messing up my hair!
Band Member : What the hell you doing to my car?
3-D : Hey, beat it, spook. This don't concern you.
Marvin Berry : [four additional band members get out of the car] Who you calling "spook," peckerwood?
Skinhead : Hey, hey, listen, guys... Look, I don't wanna mess with no reefer addicts, okay?
Marvin Berry : Get home to your mama, boy.
3-D : Biff, help!
[the band members chase the boys]
Hahaha! 😂 l literally almost crapped my pants from all the laughing! What a beautiful day!
Thanks Bill! 😃
ES: I think we all got a big laugh from your latest adventure.
What are spooks?
CIA/Black Operators from the Military, Department of State, NSA, Homeland "Security", etc.
Basically the entrenched Traitors who have no allegiance to the Country (tax payers) that pays their salary and pension...
There's a plan behind all this, though largely unknown, the plan and entity behind it can be researched and seen.
Yes brother Starboard, some spooks are spookier then others...