Not necessarily. The US portion of China's account does not comprise their total Debit/Credit balance. With us, the Balance of Trade is the main thing, which of course is hugely in their favor since "they make the stuff we buy, and don't buy the stuff we make!" (Credit for quote: Bill Bonner!)
It's nice to know Woke companies are feeling the hit from John Q Public. It restores my faith that some folks are using their heads for more than a hat rack.
Thanks .for information on the truckers. They are not coming too soon. Here in Quebec we need the vax passport to shop in box stores like costco, walmart, canadian tire ect, ect. What is next.
would be great to get your and Bill's comments on NYT article today on Modern Monetary Theory. They are rushing to define the narrative that printing trillions had nothing to do with inflation. The beatings will continue until morale improves.
LOL! Did ya also notice the missing "s" from "just desserts"? (I didn't know the phrase referred to arid landscapes.) (Just kidding, guys. It's not important!)
"Both 'deserve' and this 'desert' come from the French 'deservir,' meaning 'to deserve,' in turn from a Latin verb that also gives us 'serve' and, well, 'deserve.'"
Looks like the single 's' is the way to go... unless you're talking about just (only) desserts ;-)
So! Again I learn something from my betters. Joel, the product of your writing skills produce some really delicious reading. Thank you for you efforts!
Thank you for this piece. I really appreciate the work and direction of the new publication. keep up the good work and think you are on the right course.
Wonderful Joel. Thanks you for voicing your thoughts and clear common sense position for the "Great white North"erners. The common man obviously has more sense than the "Elites". However it is becoming very clear that the Elites are not "going for" common sense, are they? They have an agenda and they don't need common sense anymore and they do not take kindly to opposition.
It's also a blessed thing that we can even get information that is "less-biased" in todays world even if the likes of some of your readers still think that any news outlet that has not been playing on the TV for 40-50 years is putting forward "numerous conspiracy theories that are based on imagination" I guess "imagination" has become reality. Unless your eyes continue to remain closed and buried in the "sand".
No one in authority. In the uk or the us, seems to have enough backbone, to order a cease and desist to the Feds. We have a worldwide 300trillion of debt underpinned by 100 trillion of gdp
Yet, just as the band on the deck of the Titanic. The show must go on.
A curse to all finance ministers. Especially, the uk usa and ecb
great information with the Aussie humor added although in my day a session could develop not just on Sunday!
Love the fiscal/monetary perspective of the French Revolution! Thx
Great sesh Joel! Love the history and the current events updates. Will have my pint ready for next week
Marvellous writing, and as always so informative !..keep up the great work !!
If the USA is multiple trillions in debt, then to whom do they owe it? Who are the creditors? They must be very rich and powerful by now!
Owned by China. Soon to be deflating $$$$. China needs to order us products whilst the $$$$ still has life
What does America have that China wants to buy?
I believe the majority of American debt is held by Communist China. Shudder!
Does this mean that the Chinese Government does not have a National Debt but a National Credit?
Not necessarily. The US portion of China's account does not comprise their total Debit/Credit balance. With us, the Balance of Trade is the main thing, which of course is hugely in their favor since "they make the stuff we buy, and don't buy the stuff we make!" (Credit for quote: Bill Bonner!)
Got my money back from GoFundMe (never to use it again, you are spot on) and sent it right back to the truckers via GiveSendGo
It's nice to know Woke companies are feeling the hit from John Q Public. It restores my faith that some folks are using their heads for more than a hat rack.
Thanks .for information on the truckers. They are not coming too soon. Here in Quebec we need the vax passport to shop in box stores like costco, walmart, canadian tire ect, ect. What is next.
Give Send Go. good information - thanks...
Mr. Market provides
would be great to get your and Bill's comments on NYT article today on Modern Monetary Theory. They are rushing to define the narrative that printing trillions had nothing to do with inflation. The beatings will continue until morale improves.
beautifully written, tongue in cheek dry wit at it's best..
Great sess, Joel. Find yourself a proofreader though.
Thanks, mate. We used to call it a “sesh” [sic] though…
https://www.urbandictionary.com/define.php?term=Sunday%20sesh&=true
LOL! Did ya also notice the missing "s" from "just desserts"? (I didn't know the phrase referred to arid landscapes.) (Just kidding, guys. It's not important!)
Haha, I didn't know it referred to cakes and sweets! (Actually had to look this one up... https://www.dictionary.com/e/just-deserts-vs-just-desserts/
"Both 'deserve' and this 'desert' come from the French 'deservir,' meaning 'to deserve,' in turn from a Latin verb that also gives us 'serve' and, well, 'deserve.'"
Looks like the single 's' is the way to go... unless you're talking about just (only) desserts ;-)
So! Again I learn something from my betters. Joel, the product of your writing skills produce some really delicious reading. Thank you for you efforts!
We the people loaned them the $$, and not by choice. Now, we've been stiffed. We won't be paid back!!
Galen
Thank you for this piece. I really appreciate the work and direction of the new publication. keep up the good work and think you are on the right course.
Wonderful Joel. Thanks you for voicing your thoughts and clear common sense position for the "Great white North"erners. The common man obviously has more sense than the "Elites". However it is becoming very clear that the Elites are not "going for" common sense, are they? They have an agenda and they don't need common sense anymore and they do not take kindly to opposition.
It's also a blessed thing that we can even get information that is "less-biased" in todays world even if the likes of some of your readers still think that any news outlet that has not been playing on the TV for 40-50 years is putting forward "numerous conspiracy theories that are based on imagination" I guess "imagination" has become reality. Unless your eyes continue to remain closed and buried in the "sand".
No one in authority. In the uk or the us, seems to have enough backbone, to order a cease and desist to the Feds. We have a worldwide 300trillion of debt underpinned by 100 trillion of gdp
Yet, just as the band on the deck of the Titanic. The show must go on.
A curse to all finance ministers. Especially, the uk usa and ecb