It’s not likely to get better before it gets worse. Treasury bond yields bottomed in 2020. They’ve been going up since then and are now at levels last seen just before the GFC.
Rhett to Scarlett at the stairs: "it's not that easy, Scarlett..."
I remember being incensed when debt doubled on Obama's 8-year fundamental-transformation watch. Now? I can't work up the outrage. How many times have I seen this movie? Being a hard-money man since 1965, when the government made coinage into slugs, where the coinage was formerly real, I knew something was "rotten in Denmark". Mr. Bonner wants to lay it at the feet of the Boomers. Sorry, Bill. When the government started its dollar-destruction perfidy in 1965, six years before Nixon closed the gold-redemption window, I was only 13. I well recall my Mom and Grandmother complaining then about the price of hamburger and bacon, and my getting less of both. Best always. PM
In 1966, I was going to the University of Michigan Engineering School in Ann Arbor,MI I and frequently had coffee at the "Brown Jug". The price of a cup of coffee was: $0.05. Now it is mostly at $4.00, with some has high a $5.25. Duh? That's much higher than inflation.
Hemingway closes his novel "To Have and Have Not" with a line that to me was very telling. Because the actual line is rather profane, I will paraphrase the statement. As the hero/protagonist lies dying, he says, "One man alone has no chance." Best always. PM
Lets lay the blame on America's financial and cultural crises where it belongs. Not on a generation,i.e. Boomers, not on a so called privileged race, Caucasians, not on the wealthy amongst us. Let's lay the blame where it belongs. The Politicians. They veered us off our original capitalistic foundation incrementally one law, one regulation, one injustice and one abuse of power at a time. The consequences being our crises infested America of today.
And why do you suppose they aren't responsive? Could it be that there are rarely any consequences for being unresponsive?
They get elected, they ignore their constituency, and they get re-elected.
People bitch and moan about their representatives, but then more often than not they send them back for another term. Then they spend the next two, four or six years bitching about them all over again.
I agree that the politicians don't respond to the electors. What do you think of the position of George Carlin? Don't vote it only encouraged them. Imagine if only 5 or 10% of eligible voters actually voted. It would be hilarious to listen to them talking about spreading democracy to other countries.b
Only about 40-50% of american "citizens" actually vote in our elections. I say "citizens" because a lot of the voters are not citizens but are illegal aliens here in CA. They are voting in our elections.
Poor (rich) Bill is repeatedly quoting New York Times (CCP mouthpiece) without going any further. How many lawsuits and injunctions were filed by various communist organizations, people and judges to stop DOGE? That included burning down dealership and Tesla cars. Good propaganda Bill.
Actually it is not propaganda - DOGE accomplish zero! But it wasn't because Elon didn't want to - it was because he was stop. What it says that people want things - for free - from the government and do whatever it takes to keep the float coming. Just the way human nature works. It is called "entitlement mentality". But soon the government won't be able to keep it going. The US$ is tanking and the world is rethinking who they trust and it isn't good Ol' USofA. A depression is coming............and good ol' Bill is just trying to open your eyes to what lays ahead.
Speaking of wanting things for free from the govern the great Elon could be a poster boy for crony capitalist welfare queens. He's received billions in direct and indirect government revenue.
OK so inflation is climbing, probably will be skyrocketing. We are at war (inflation's finest friend). The trad media hates Trump, that's specifically why I love him, by the way. I love seeing the EU chanting we must defeat Russia while their energy costs are skyrocketing. One might suspect that the socialist EU is feeling like it might be better to get to work or be creative rather than vote in WEF trained dictators. The WEF is still finding more pandemics on the horizon. Meanwhile Le Pen is leading all other parties in France and Starmer just got defeated again Britain and the AfD is leading in Germany. So Trump is a boisterous money spending SOB, just glad he isn't yet taking bribes from China. He is running up debt, oh my God! At least he put a partial stop to men in women's sports and trans shows in Somalia at our expense and caused the collapse of CNN and is demonstrating the hypocrisy of the NYT. He has also made inroads on the racism in university admittance and reduced the communist propaganda in public schools, advanced the integrity in American voting, reduced the censorship an infinitesimal amount from main stream media,... Of course maintaining our life, liberty and pursuit of happiness are going to cost something. Jefferson even said we have it now "if we can keep it" or we could experiment with Mamdani, Newsom, WEF, Starmer, Merz, Macron or Trudeau experimental philosophies like turning off truckers credit cards so they don't express opposing opinions. Who knows what uncommon sense might produce? But it kinda seems like the world is waking up to what my old man called common sense.
At the same time I notice that Stan Druckenmiller, Able, Seth Klarman and many other big time "investors" are maxed out / fully in AI companies. So sometimes the world is a little confusing / ironic and possibly teetering on the precipice of speculation and debt. This morning I was thinking maybe I'm the fool for not playing the game that produces billionaires.
Well Bill you lite a fuse under the boy's today. From a 79 yr old boomer's view point, I earned my money just as you think you earned yours. How I spend it and on what I spend it is up to me. I paid into the "S.S. fraud scheme and I'll take all I can get out of it thank you"! I bought and paid for four houses and and didn't default on any of my debts. As the "guys" have described below, all this global mess trying to define who will come out on top has been going on through out history and will never stop. The guys have earned their right to "VENT". I'll bet most of your readers are over 50 and have earned and paid their way through life. Many of us spent time in the military and have earned the right to "VENT". We were all lied to along the way and have learned how to see and smell the B.S. . There some advantages to getting older.
Fake money is not the answer for overspending governments. Printing ever more fiat money only makes the mess bigger and less solvable. Underspending by government loses votes. Therefore overspending will continue until money becomes completely worthless. Then the insanity will stop when no one can buy anything for any amount of money. Zimbabwe learned the hard way that when a government loses the trust of its population due to corruption, trust in the currency ends up being destroyed. When the money goes, so goes the nation.
We are about to see what happens when trust in the dollar dies. Inflation will soar. Government programs will dissolve. Nothing works anymore.
Our nation is being ruined by excessive greed and the corruption it breeds. We ordinary folks will not be able to buy what is necessary because too many elites control the money supply and spending. Poverty will ensue. The many will suffer. The few will not.
At the nadir of a currency it becomes worthless and must be abandoned entirely. Usually a stable foreign currency is used as a national currency to replace the worthless native currency.
But, since the dollar is the world's reserve currency, there is no other reliable stable currency to substitute for it.
So, it is my suggestion, that we must reinstitute gold as the stable money to replace the dollar. Gold cannot be printed or inflated to oblivion. It is limited by its nature.
But, of course, politicians do not like it because they cannot debase it for their own ends.
And, yes, there is enough gold to use as money. It must/will be valued according to its utility.
Silver is also money and can be used to augment the roll of gold.
None of this is going to happen until we reach the end of the dollar road. The change will shake the world to its foundations.
For those who see the writing on the wall, gold is already in their portfolio.
In flation is caused by excessive government spending. The dumocrates passed legistion that caused extremely high inflation. Hence, the true cause of our present inflation.
Well I wont berate Bill this morning and nitpick him on his rewriting history....BUT while DEBT has doubled since 2016 some of that is demographics as boomers rolled OFF PAYROLLS and ONTO Social Security and MEDICARE/MEDICAID and then COVID hit and we spent a bundle on that....shutting down and paying out free checks to keep our economy from IMPLODING. WHAT WOULD YOU HAVE DONE BILL? LET EVERYONE DIE? LET ECONOMY IMPLODE? TRUMP WAS CASTIGATED FOR ACTING TOO SLOWLY NOT TO QUICKLY. REMEMBER? PLEASE CHECK THE VIDEO TAPE BILL. AND BIDEN ISSUED A LOT OF FREE MONEY....TO BUY VOTES FROM ILLEGALS WHO WERE REGISTERED TO VOTE. AND CREATE OBAMAS SOCIALIST NIRVANA NOW BECOMING A LAWLESS COMMUNIST STATE LIKE LA AND SEATTLE AND NY.....really really bad news there...and BIG money is leaving....and so are people. VERY SCARY.
Plus PUTIN ATTACKED UKRAINE. AND IRAN GOT OBAMA BILLIONS AND GAVE IT TO IRGC. AND THEN BUILT A NUCLEAR ARSENAL....MINUTES REALLY FROM LOADING ON AN ICBM. GOT IT BILL? WOULD YOU ALLOW IRAN TO HAVE A NUKE AND BOMB ISRAEL OR USA? THOSE CRAZIES? COME ON BILL.
However, I see the dark clouds you do....and people are struggling but I also see in my small southern town a LOT of VERY EXPENSIVE 100k PLUS vehicles in TARGET AND CVS PARKING LOT. And at Costco. I See HUUUGE BOATS at the beach....GRADY WHITES WITH QUAD YAMAHAS costing 300k TO START. LOVE THEM BTW. GORGEOUS. And I see homes going up and selling...and this AM Buffett and Co (well his successor) paid 8 billion a HUGE premium for a builder in SE who makes homes....nice ones but expensive....2500 square feet will set you back 800k. YIKES. Thats NOT a big house btw. 3 br and they arent big bedrooms at all. Smallish. NO DINING ROOM. Just that awful open space from kitchen into great room.
SO SOME PEOPLE ARE THRIVING and SPENDING. WHO IS IT? WHERE DID THEY GET THE MONEY? ITS NOT BOOMERS DOWNSIZING. ITS NOT YOUNG PEOPLE. ITS 40 something people in the IT WORLD.....making a lot of money and SPENDING IT like no tomorrow. Who knows>
Putin attacked Ukraine, he had good reason... I won't get into why. Trump would end the war with Ukraine and hand the nation back to Russia where it belongs if Putin would agree to support the American petro dollar.
Trump attacked Iran, again the petro dollar. Contrary to popular understanding, the first nuke flying from Iran will target Mecca and the Saudi fiefdom, again the petro dollar. Israel would be the second target, in the larger Shia Islam picture Israel is unimportant until a unified Caliphate is established.
We're locked into doom loop of proxy wars, USA supporting Ukraine, with Russia supporting Iran.
It was America placing nukes in Turkey, resulting in Russia placing nukes in Cuba. Kennedy was no genius, when he removed the nukes from Turkey, Russia withdrew its nukes from Cuba.
The fault for all the world's problems can be laid upon academia. An institution employing mostly unproductive people with terrible ideas pushing counterproductive philosophies into the young minds of those who will come next. The student effectually cooperates in losing their god given ability to employ evidence and reason and form a rational decision. Making money is not hard, struggling in American can usually be traced to poor decision making skills again traced to academia reinventing the educational process. Bad neighborhoods are created by bad schools. Every Blue city is the poster child or bad schools. The statistics coming out of public education are about as accurate as any report coming out of government.
As soon as you said PUTIN HAD GOOD REASON TO ATTACK UKRAINE AND IT BELONGS TO RUSSIA I just tossed you aside as a FOOL. And a know nothing know it all....and who knows what else. DONT REPLY. WONT READ IT.
Boys, boys this a forum for exchanging ideas, not a forum to denigrate ideas. You guys always bring something to the table, sp let's no contanmiate the food.
How would you feel if Russia or China had military bio labs in Mexico or Canada? I guess it wouldn't bother you if Russia or China instigated a coup in Mexico or Canada and installed one of their puppets in power. Remember when Cookies Nuland bragged about spending $5 billion of our taxes to being "democracy" to Ukraine and then said "F*CK the EU" while discussing whom she would select as the new Ukraine president.
In 2005 William Burns becomes US Ambassador to Russia. In 2008 he sent a cable to Sec of State Rice that Ukraine joining NATO would be a redline for Russia. There also would be a civil war since 1/2 the country is Russian (Wikileaks). March 2021 William Burns becomes CIA director. February 24, 2022 Russia invades Ukraine.
Ukraine has been an independent nation for about 20 years during its entire existance. The Czars called the area Little Russia.
In their first free and independent election they chose a pro Russian government. This made sense in that a large part of the economy came as a route for the export of Russian energy. A major gas pipe line from Russia runs through Ukraine and they are paid rent while receiving free gas.
That first freely elected government was replaced via a CIA organized and funded coup.
Ukraine was labeled the most corrupt nation and that's saying allot.
Ukraine once a ward of Russia, is now a ward of USA. We literally fund Zelinsky’s government and pay for their pension system saving Russia billions.
It's interest the media is all up in arms with the cost of war with Iran, not at all bothered over the $200 billion + spent on Ukraine.
We can be assured the most corrupt nation in the world is spending our aid wisely.
Putin's move to take Crimea was also justified in that it was always part of Russia until Nikita Khrushchev a Ukrainian added it to Ukraine as a gift to his people.
Crimea is a warm water port of strategic millitary importance with deep historical ties to the Russian people and a popular tourist destination.
Crimea's population is majority Russian, these same expressed a strong sedement before Russian occupation in 2014 to join with Russia. Afterwards Crimea made it offical by vote.
Google any of these statements, there's no need to remain ignorant.
I'm not claiming Putin is a saint, but neither is the Ukrainian government.
Simply Putin made his move before Ukraine had an opportunity to join NATO.
A side note: Putin asked to join NATO and was rebuked. The powers to be are not intereset in world peace.
Government spending on fraud in programs with no accountability, consequences or penalties. Medicaid’s spending on autism programs went up 11,000% in North Carolina. But not to be outdone, Minnesota spending went up 51,000% ( $1 million in 2017 to $345 million in 2024). And in Minnesota that’s just the tip of the iceberg.
Another great analysis. I'd like to know how you are protecting yourself from all of this insnaity. You seem to be enjoying yourself prety well. Which is great!! No one really know wtswhtf but the "Old Army Game" is to be prepared. That is the question to answer and implement before it gets worse. Or should I say, as it gets worse. Thank you. George Siegfried
WHY IS GOLD SELLING OFF AGAIN? I MEAN REALLY? WHO IS THE WHALE CAUSING THIS? RUSSIA? CHINA? ETFS? I DUNNO. VEXING.
NO GOLD IS NOT A TRADE. MINERS OR ETFS OR BULLION OR COINS OR WHATEVER. ITS A LIFEBOAT AND BUY AND HOLD AND PUT AWAY FOR THAT DAY THE BELL RINGS WHEN THE DOW GOLD RATIO HITS FIVE. WHEN IS THAT? I DUNNO. 3 yrs is my GUESS. Could be sooner or later.
SO WHO IS SELLING GOLD AND WHY? MARGIN CALLS WASHED OUT THE PAST TWO MONTHS. DONE. AND RUSSIA WAS SELLING BUT MOST THINK DONE. CHINA? I DONT KNOW AND NOT SURE WHY IF SO?
Yes its all volatile and I have been long gold a LONG LONG TIME. AND NOT SELLING. BUT VEXING. Given WORLD NEWS AND DEBT HERE SHOULD BE RISING. BUT ITS NOT. ITs TANKING AGAIN.
"WHEN THE DOW GOLD RATIO HITS FIVE." My guess: Gold is going to slowly regain its strength the same time as the Dow completes its blow-off top. A simple 18% gold recovery and the "coming" 50% sell-off of the Dow is not only doable but "my opinion" likely. It's a simple "deer in the headlight's" event awaiting the boomer's retirement glory.
My best guess is that the higher interest rates on gov't notes is more attractive right now. Will that change soon? And who would count on the gov't's trustworthiness to pay back?
Government FRAUD with no consequences or checks and balances. Medicaid spending for autism programs in No. Carolina went up 11,000%. But that’s nothing compared to Minnesota which went up 51,000% (2017 was $1 million + , in 2024 it was $345 million).
Rhett to Scarlett at the stairs: "it's not that easy, Scarlett..."
I remember being incensed when debt doubled on Obama's 8-year fundamental-transformation watch. Now? I can't work up the outrage. How many times have I seen this movie? Being a hard-money man since 1965, when the government made coinage into slugs, where the coinage was formerly real, I knew something was "rotten in Denmark". Mr. Bonner wants to lay it at the feet of the Boomers. Sorry, Bill. When the government started its dollar-destruction perfidy in 1965, six years before Nixon closed the gold-redemption window, I was only 13. I well recall my Mom and Grandmother complaining then about the price of hamburger and bacon, and my getting less of both. Best always. PM
In 1966, I was going to the University of Michigan Engineering School in Ann Arbor,MI I and frequently had coffee at the "Brown Jug". The price of a cup of coffee was: $0.05. Now it is mostly at $4.00, with some has high a $5.25. Duh? That's much higher than inflation.
Hemingway closes his novel "To Have and Have Not" with a line that to me was very telling. Because the actual line is rather profane, I will paraphrase the statement. As the hero/protagonist lies dying, he says, "One man alone has no chance." Best always. PM
Lets lay the blame on America's financial and cultural crises where it belongs. Not on a generation,i.e. Boomers, not on a so called privileged race, Caucasians, not on the wealthy amongst us. Let's lay the blame where it belongs. The Politicians. They veered us off our original capitalistic foundation incrementally one law, one regulation, one injustice and one abuse of power at a time. The consequences being our crises infested America of today.
But it's "us" the citizens of the US who elect and reelect the politicians. Maybe we are at fault?
No "maybe" about it, CA. The enemy is us.
I could accept that more easily if our elected officials were reasonably responsive to our wishes. I see very little evidence of that.
We're told from a very young age that we have a democracy and how it works. In my experience, that's mostly BS.
And why do you suppose they aren't responsive? Could it be that there are rarely any consequences for being unresponsive?
They get elected, they ignore their constituency, and they get re-elected.
People bitch and moan about their representatives, but then more often than not they send them back for another term. Then they spend the next two, four or six years bitching about them all over again.
Nothing ever changes.
I agree that the politicians don't respond to the electors. What do you think of the position of George Carlin? Don't vote it only encouraged them. Imagine if only 5 or 10% of eligible voters actually voted. It would be hilarious to listen to them talking about spreading democracy to other countries.b
It's a big club, and you ain't in it." Best always. PM
Only about 40-50% of american "citizens" actually vote in our elections. I say "citizens" because a lot of the voters are not citizens but are illegal aliens here in CA. They are voting in our elections.
He was right, but it’s very discouraging to admit it.
We don't have a democracy, we have a republican form of government, simple majority rule does not exist.
Completely BS my lion.
Poor (rich) Bill is repeatedly quoting New York Times (CCP mouthpiece) without going any further. How many lawsuits and injunctions were filed by various communist organizations, people and judges to stop DOGE? That included burning down dealership and Tesla cars. Good propaganda Bill.
Actually it is not propaganda - DOGE accomplish zero! But it wasn't because Elon didn't want to - it was because he was stop. What it says that people want things - for free - from the government and do whatever it takes to keep the float coming. Just the way human nature works. It is called "entitlement mentality". But soon the government won't be able to keep it going. The US$ is tanking and the world is rethinking who they trust and it isn't good Ol' USofA. A depression is coming............and good ol' Bill is just trying to open your eyes to what lays ahead.
Speaking of wanting things for free from the govern the great Elon could be a poster boy for crony capitalist welfare queens. He's received billions in direct and indirect government revenue.
Yes - that is true but the real poster boy should be good ol' Trump and his family.
Actually it was going on long before Trump. Remember HRC? And Hunter?
But when?
Oh probably when SpaceX rescued the space station astronauts from a long slow death because our government couldn’t do it.
OK so inflation is climbing, probably will be skyrocketing. We are at war (inflation's finest friend). The trad media hates Trump, that's specifically why I love him, by the way. I love seeing the EU chanting we must defeat Russia while their energy costs are skyrocketing. One might suspect that the socialist EU is feeling like it might be better to get to work or be creative rather than vote in WEF trained dictators. The WEF is still finding more pandemics on the horizon. Meanwhile Le Pen is leading all other parties in France and Starmer just got defeated again Britain and the AfD is leading in Germany. So Trump is a boisterous money spending SOB, just glad he isn't yet taking bribes from China. He is running up debt, oh my God! At least he put a partial stop to men in women's sports and trans shows in Somalia at our expense and caused the collapse of CNN and is demonstrating the hypocrisy of the NYT. He has also made inroads on the racism in university admittance and reduced the communist propaganda in public schools, advanced the integrity in American voting, reduced the censorship an infinitesimal amount from main stream media,... Of course maintaining our life, liberty and pursuit of happiness are going to cost something. Jefferson even said we have it now "if we can keep it" or we could experiment with Mamdani, Newsom, WEF, Starmer, Merz, Macron or Trudeau experimental philosophies like turning off truckers credit cards so they don't express opposing opinions. Who knows what uncommon sense might produce? But it kinda seems like the world is waking up to what my old man called common sense.
At the same time I notice that Stan Druckenmiller, Able, Seth Klarman and many other big time "investors" are maxed out / fully in AI companies. So sometimes the world is a little confusing / ironic and possibly teetering on the precipice of speculation and debt. This morning I was thinking maybe I'm the fool for not playing the game that produces billionaires.
Well Bill you lite a fuse under the boy's today. From a 79 yr old boomer's view point, I earned my money just as you think you earned yours. How I spend it and on what I spend it is up to me. I paid into the "S.S. fraud scheme and I'll take all I can get out of it thank you"! I bought and paid for four houses and and didn't default on any of my debts. As the "guys" have described below, all this global mess trying to define who will come out on top has been going on through out history and will never stop. The guys have earned their right to "VENT". I'll bet most of your readers are over 50 and have earned and paid their way through life. Many of us spent time in the military and have earned the right to "VENT". We were all lied to along the way and have learned how to see and smell the B.S. . There some advantages to getting older.
Jim Marshall
I think maybe over 70?
Fake money is not the answer for overspending governments. Printing ever more fiat money only makes the mess bigger and less solvable. Underspending by government loses votes. Therefore overspending will continue until money becomes completely worthless. Then the insanity will stop when no one can buy anything for any amount of money. Zimbabwe learned the hard way that when a government loses the trust of its population due to corruption, trust in the currency ends up being destroyed. When the money goes, so goes the nation.
We are about to see what happens when trust in the dollar dies. Inflation will soar. Government programs will dissolve. Nothing works anymore.
Our nation is being ruined by excessive greed and the corruption it breeds. We ordinary folks will not be able to buy what is necessary because too many elites control the money supply and spending. Poverty will ensue. The many will suffer. The few will not.
At the nadir of a currency it becomes worthless and must be abandoned entirely. Usually a stable foreign currency is used as a national currency to replace the worthless native currency.
But, since the dollar is the world's reserve currency, there is no other reliable stable currency to substitute for it.
So, it is my suggestion, that we must reinstitute gold as the stable money to replace the dollar. Gold cannot be printed or inflated to oblivion. It is limited by its nature.
But, of course, politicians do not like it because they cannot debase it for their own ends.
And, yes, there is enough gold to use as money. It must/will be valued according to its utility.
Silver is also money and can be used to augment the roll of gold.
None of this is going to happen until we reach the end of the dollar road. The change will shake the world to its foundations.
For those who see the writing on the wall, gold is already in their portfolio.
How about you. Got gold?
There you go with the geezer thing.
It was the 32 million spent by the opposition, the reason for rising oil prices and a new round of hyper inflation… the Jewish lobby.
You could call it insanity; insanity rules.
In flation is caused by excessive government spending. The dumocrates passed legistion that caused extremely high inflation. Hence, the true cause of our present inflation.
Well I wont berate Bill this morning and nitpick him on his rewriting history....BUT while DEBT has doubled since 2016 some of that is demographics as boomers rolled OFF PAYROLLS and ONTO Social Security and MEDICARE/MEDICAID and then COVID hit and we spent a bundle on that....shutting down and paying out free checks to keep our economy from IMPLODING. WHAT WOULD YOU HAVE DONE BILL? LET EVERYONE DIE? LET ECONOMY IMPLODE? TRUMP WAS CASTIGATED FOR ACTING TOO SLOWLY NOT TO QUICKLY. REMEMBER? PLEASE CHECK THE VIDEO TAPE BILL. AND BIDEN ISSUED A LOT OF FREE MONEY....TO BUY VOTES FROM ILLEGALS WHO WERE REGISTERED TO VOTE. AND CREATE OBAMAS SOCIALIST NIRVANA NOW BECOMING A LAWLESS COMMUNIST STATE LIKE LA AND SEATTLE AND NY.....really really bad news there...and BIG money is leaving....and so are people. VERY SCARY.
Plus PUTIN ATTACKED UKRAINE. AND IRAN GOT OBAMA BILLIONS AND GAVE IT TO IRGC. AND THEN BUILT A NUCLEAR ARSENAL....MINUTES REALLY FROM LOADING ON AN ICBM. GOT IT BILL? WOULD YOU ALLOW IRAN TO HAVE A NUKE AND BOMB ISRAEL OR USA? THOSE CRAZIES? COME ON BILL.
However, I see the dark clouds you do....and people are struggling but I also see in my small southern town a LOT of VERY EXPENSIVE 100k PLUS vehicles in TARGET AND CVS PARKING LOT. And at Costco. I See HUUUGE BOATS at the beach....GRADY WHITES WITH QUAD YAMAHAS costing 300k TO START. LOVE THEM BTW. GORGEOUS. And I see homes going up and selling...and this AM Buffett and Co (well his successor) paid 8 billion a HUGE premium for a builder in SE who makes homes....nice ones but expensive....2500 square feet will set you back 800k. YIKES. Thats NOT a big house btw. 3 br and they arent big bedrooms at all. Smallish. NO DINING ROOM. Just that awful open space from kitchen into great room.
SO SOME PEOPLE ARE THRIVING and SPENDING. WHO IS IT? WHERE DID THEY GET THE MONEY? ITS NOT BOOMERS DOWNSIZING. ITS NOT YOUNG PEOPLE. ITS 40 something people in the IT WORLD.....making a lot of money and SPENDING IT like no tomorrow. Who knows>
Putin attacked Ukraine, he had good reason... I won't get into why. Trump would end the war with Ukraine and hand the nation back to Russia where it belongs if Putin would agree to support the American petro dollar.
Trump attacked Iran, again the petro dollar. Contrary to popular understanding, the first nuke flying from Iran will target Mecca and the Saudi fiefdom, again the petro dollar. Israel would be the second target, in the larger Shia Islam picture Israel is unimportant until a unified Caliphate is established.
We're locked into doom loop of proxy wars, USA supporting Ukraine, with Russia supporting Iran.
It was America placing nukes in Turkey, resulting in Russia placing nukes in Cuba. Kennedy was no genius, when he removed the nukes from Turkey, Russia withdrew its nukes from Cuba.
The fault for all the world's problems can be laid upon academia. An institution employing mostly unproductive people with terrible ideas pushing counterproductive philosophies into the young minds of those who will come next. The student effectually cooperates in losing their god given ability to employ evidence and reason and form a rational decision. Making money is not hard, struggling in American can usually be traced to poor decision making skills again traced to academia reinventing the educational process. Bad neighborhoods are created by bad schools. Every Blue city is the poster child or bad schools. The statistics coming out of public education are about as accurate as any report coming out of government.
As soon as you said PUTIN HAD GOOD REASON TO ATTACK UKRAINE AND IT BELONGS TO RUSSIA I just tossed you aside as a FOOL. And a know nothing know it all....and who knows what else. DONT REPLY. WONT READ IT.
Boys, boys this a forum for exchanging ideas, not a forum to denigrate ideas. You guys always bring something to the table, sp let's no contanmiate the food.
I am with you. There are a few fools on this thread. No, actually only 1 at this time. But he is so tiresome .
How would you feel if Russia or China had military bio labs in Mexico or Canada? I guess it wouldn't bother you if Russia or China instigated a coup in Mexico or Canada and installed one of their puppets in power. Remember when Cookies Nuland bragged about spending $5 billion of our taxes to being "democracy" to Ukraine and then said "F*CK the EU" while discussing whom she would select as the new Ukraine president.
In 2005 William Burns becomes US Ambassador to Russia. In 2008 he sent a cable to Sec of State Rice that Ukraine joining NATO would be a redline for Russia. There also would be a civil war since 1/2 the country is Russian (Wikileaks). March 2021 William Burns becomes CIA director. February 24, 2022 Russia invades Ukraine.
But Putin did have good reason to attack, from his POV.
U.S. meddling.
Just like Kruschev had good reason to place missiles in Cuba.
U.S. missiles in Turkey.
Ukraine is at the center of a lot of EU problems.
Ukraine has been an independent nation for about 20 years during its entire existance. The Czars called the area Little Russia.
In their first free and independent election they chose a pro Russian government. This made sense in that a large part of the economy came as a route for the export of Russian energy. A major gas pipe line from Russia runs through Ukraine and they are paid rent while receiving free gas.
That first freely elected government was replaced via a CIA organized and funded coup.
Ukraine was labeled the most corrupt nation and that's saying allot.
Ukraine once a ward of Russia, is now a ward of USA. We literally fund Zelinsky’s government and pay for their pension system saving Russia billions.
It's interest the media is all up in arms with the cost of war with Iran, not at all bothered over the $200 billion + spent on Ukraine.
We can be assured the most corrupt nation in the world is spending our aid wisely.
Putin's move to take Crimea was also justified in that it was always part of Russia until Nikita Khrushchev a Ukrainian added it to Ukraine as a gift to his people.
Crimea is a warm water port of strategic millitary importance with deep historical ties to the Russian people and a popular tourist destination.
Crimea's population is majority Russian, these same expressed a strong sedement before Russian occupation in 2014 to join with Russia. Afterwards Crimea made it offical by vote.
Google any of these statements, there's no need to remain ignorant.
I'm not claiming Putin is a saint, but neither is the Ukrainian government.
Simply Putin made his move before Ukraine had an opportunity to join NATO.
A side note: Putin asked to join NATO and was rebuked. The powers to be are not intereset in world peace.
All you state is true but you'll never see any of it being broadcast/printed in the lamestream media of this country.
Government spending on fraud in programs with no accountability, consequences or penalties. Medicaid’s spending on autism programs went up 11,000% in North Carolina. But not to be outdone, Minnesota spending went up 51,000% ( $1 million in 2017 to $345 million in 2024). And in Minnesota that’s just the tip of the iceberg.
Hello Bill,
Another great analysis. I'd like to know how you are protecting yourself from all of this insnaity. You seem to be enjoying yourself prety well. Which is great!! No one really know wtswhtf but the "Old Army Game" is to be prepared. That is the question to answer and implement before it gets worse. Or should I say, as it gets worse. Thank you. George Siegfried
WHY IS GOLD SELLING OFF AGAIN? I MEAN REALLY? WHO IS THE WHALE CAUSING THIS? RUSSIA? CHINA? ETFS? I DUNNO. VEXING.
NO GOLD IS NOT A TRADE. MINERS OR ETFS OR BULLION OR COINS OR WHATEVER. ITS A LIFEBOAT AND BUY AND HOLD AND PUT AWAY FOR THAT DAY THE BELL RINGS WHEN THE DOW GOLD RATIO HITS FIVE. WHEN IS THAT? I DUNNO. 3 yrs is my GUESS. Could be sooner or later.
SO WHO IS SELLING GOLD AND WHY? MARGIN CALLS WASHED OUT THE PAST TWO MONTHS. DONE. AND RUSSIA WAS SELLING BUT MOST THINK DONE. CHINA? I DONT KNOW AND NOT SURE WHY IF SO?
Yes its all volatile and I have been long gold a LONG LONG TIME. AND NOT SELLING. BUT VEXING. Given WORLD NEWS AND DEBT HERE SHOULD BE RISING. BUT ITS NOT. ITs TANKING AGAIN.
EVEN REALLY REALLY STRONG MINERS.
Also, China, India, and most Asian countries are BUYING gold, not selling.
"WHEN THE DOW GOLD RATIO HITS FIVE." My guess: Gold is going to slowly regain its strength the same time as the Dow completes its blow-off top. A simple 18% gold recovery and the "coming" 50% sell-off of the Dow is not only doable but "my opinion" likely. It's a simple "deer in the headlight's" event awaiting the boomer's retirement glory.
Market manipulation is the most likely explanation, gold will always have value, as history has shown.
Mr. Keynes did not like gold, an archaic relic he claimed, but I bet he had a stash hidden somewhere.
Most of his theories had merit, especially in regard to "moral hazard" aka reckless speculation which is where we are now in the global casino.
My best guess is that the higher interest rates on gov't notes is more attractive right now. Will that change soon? And who would count on the gov't's trustworthiness to pay back?
Government FRAUD with no consequences or checks and balances. Medicaid spending for autism programs in No. Carolina went up 11,000%. But that’s nothing compared to Minnesota which went up 51,000% (2017 was $1 million + , in 2024 it was $345 million).