Hi Bill, Why not offer a Bonner Private Research subscription free to every U.S. Congressman/woman and every U.S. Senator? It would be great if at least one of these federal office holders then had the guts to read each of your daily comments into the Congressional Record?
Turning "it" over to AI? That's a laugh. AI exists for the sole purpose of promoting, sustaining, and reinforcing the current regime of "deciders". AI might, could expose the scam. Like hell that'll happen. Best always. PM
Mark, I was born in 1952. Do you think I'm the same now as I was in 1953? Trust but verify. Thanks for your research and sharing with me. We're in for some revelations, I'm afraid. Best always. PM
Bill Bonner's statement "In any case, when you’re over 80, whatever the price – war, inflation, bankruptcy – someone else is likely to pay it, not you." Is completely true and since both my wife and I are 82, it is small comfort to know that. Particularly since the politicians whose only real goal, despite their protests to the contrary, are to be re-elected and stay in power indefinitely will NEVER do what is right for the country but only what they calculate will result in enough votes for re-election. The only folks worse than the politicians are the political "scientists" who shill for the politicians for money rather than principle.
Yes Bill, even the good pastor Franklin Graham agrees with you "Every Demon from hell has been turned loose in society" he recently stated...
What if those same "human" Feds you speak of are really demons in human disguise? Kind of makes sense, along with most of our current politicians, media moguls, union leaders, Tech heads, Bank CEOs, and half of our population...
But these are only the demons from hell, mere workers that follow their big bosses direction...only followers of the big boss.
Yes, they have been here before, many times throughout millennium, and every time they rule, society experiences a cleansing, as the many souls who follow the insanity are taken to the place they worship.
Yes Bill, science and technology are always faced with hard choices, but man is not. We can do either good or evil, right or wrong...Humans have a good sense of right or wrong, a natural moral compass, a common sense of judgment, a code of behavior and honor, but as we see in our country today, Demons do not...Demoncrats? I believe so...
The self proclaimed ruler of this world has almost everyone on his side, and most are ignorant of who they are serving. satan also has his agents, who 'know what they're doing.' They are deceived too, but they allowed themselves to be deceived. This can't end well for most people.
It's unfortunate to have such an insane culture running America today. Ignorant, arrogant and evil on an unprecedented scale in America history...Such a price to pay for the sins of our fathers?
Not as optimistic as you my friend, as each passing year, and deeper into the abyss we go, I wait for a sign. I wait for a true movement. I wait along with many hundreds I know to make a meaningful change. Yes brother Mark, everything will sort itself out, but I hope we are on the right side of history when it does 🙏🇺🇸🇺🇸🇺🇸
Hey Steve. We will get there. We just need this bankrupt beast to roll over and be dead. No money for welfare, pensions, Medicare, social, then the real prepared Americans will take over in small local economies and grow from there. I am not making light of the situation, as I truly believe millions will die. But the ones that make it through this crap will have to rebuild this country. Peace by peace, my friend God bless us all. sorry voice text.
Craig -- There is much uncertainty about Washington being the source of this quote. He definitely would be appalled by government activities in the city that bears his name!
George, and the rest of the Founders, studied history. They also saw what happens when church and state are combined, and wanted to avoid that here, thus the First Amendment. When the First Amendment is repudiated, the end of life on earth will be very close.
"The federal government sets the salaries of the board's seven governors, and it receives all the system's annual profits, after dividends on member banks' capital investments are paid, and an account surplus is maintained. In 2015, the Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury,[22] and 2020 earnings were approximately $88.6 billion with remittances to the U.S. Treasury of $86.9 billion.[23] "
Of course not. I was merely correcting Tom Finn's statement, which is a common misconception, that the federal reserve that the interest the they earn goes into their pocket. It doesn't; the interest "earned" goes to the treasury.
So it appears that 97% of any money the federal government pays to the Fed for interest or principal on Treasury debt is returned to the Treasury since the Fed didn’t have any money at risk when they “purchased” the debt. Very interesting!
Yup, right-O. And according to their accounting methods and records. No way the upstanding denizens of our "government" and "banking" systems would lie to us, eh? EH??
I suspect these numbers are very similar to the earlier discussion about all that Gold that, surely, we (as a Nation) still have in storage...
You should say: Janet Yellen knows that the US government wouldn’t need to borrow money if the government would do its job and make the hard choices on the spending side.
Bill, so many prepositional phrases shows a lot of action going on and nothing getting done. I have seen this movie so many times that Roku is looking better and better. Take seven trillion and give it to the good folks who fund this dog and pony show and let them pay taxes on it. Then hidin Biden will have all the money he needs. Just sayin'
An extinction size asteroid is the only solution!!! Make sure you have a full bar and the shrooms are on hand. Or, if you have family and friends, enjoy your final moments with them, find comfort in your faith, and bravely accept your fate. It's been one hell of a journey.
Yes Dino, It's on its way, and should arrive in 2029...That asteroid, called Apophis, stretches about 1,100 feet (340 meters) across and will pass within 19,000 miles (31,000 kilometers) of Earth's surface on Friday the 13, April 2029. That might sound scary, but scientists are positive that it will not hit Earth. Instead, it's a once-in-a-lifetime chance for scientists to truly understand asteroids near Earth.
We all know how wrong the "experts" are, so hey, you never know!
I think the Government takes in about $400 billion every month. That is more than enough to pay social security, military, etc. and still have money left over.
Default or we vote you out until we find someone who TAKE AWAY THE GOVERNMENT CREDIT CARD!
I think that making a constitutional amendment that all elected Politicians have a fuduciary responsiblity to American Taxpayers. If found guilty of violating that that responsibility they are charged with treason. Add Bankers in there too. But, ha ha good luck with that.
Thank you for the very fascinating website. I asked it some questions about programs that could be reduced if a default occurred, and it replied that all of them could theoretically be reduced, which is not much of an answer. But it did indicate that the Treasury Sec. can do quite a few things to push off a default, although it didn't specify what these were. So I wonder about this June 1 X-date. I stumped it when I asked it who decides what programs will be reduced---Congress or the Treasury Sec.? It indicated it had suffered an error, so I should submit my Q later. So it might eventually provide an answer. It appears to grow as Qs are asked it; i.e., it researches the answers of many Qs after the fact.
After reading the answers given, same old standard answers with no real solutions. When the answer is eliminate 90% of the departments and cut the remaining budgets back to 1990 then we will know we have some “intelligent” system. Seems to just regurgitate common thinking. Thanks for sharing the website!
Interesting about that is there are plenty of articles on the web regarding the perfectly reasonable arguments in cutting departments and government but somehow they aren’t found by the great AI. Seems tuned to only MNBC or some such basic information source? Hmmm strange
With apologies to Dave J - ahem, how can I say this in such a nice forum? Eh, F CALIFORNIA for one simple reson.
How much effort do they put into actually retaining the natural precipitation that falls within their boundaries vs. how much extra effort do they expend making sure the vast majority of said precipitation gets PUMPED INTO THE PACIFIC??
No apology needed, I left that God forsaken sh*thole over six years ago and stare at a golf course from my living room and bedroom nowadays. This story interests me because now living in Las Vegas, the situation with Lake Mead is a concern (thanks to Gone Fishin' for posting it-I read something similar earlier in the week).
Here's a question for all you Marxists/Leftists/Democrats out there: Given the situation in the Southwest with water shortages, how intelligent is it for our Southern Border to be wide open with millions of people waltzing across it into that part of our country? Do you think that might make water even more scarce? And, how do you expect the farmers that grow a lot of crops that end up on our dinner tables to produce that food in the Central Valley of California where your "deal" reduces their water supply even more than it was already cut?
And you're so right about the lack of reservoirs in California. They don't even have to pump it, the Army Corps of Engineers designed a sophisticated drainage system such that all the rainwater simply flows into the Pacific Ocean! At some point the states of California, Arizona and Nevada are going to be forced to pool resources and build desalination plants on the Pacific Ocean.
Yes brother Mark, so much useless information and insanity on a daily basis coming into our confused heads at lighting speed...my last home will be complete in less then a year, and my main goal after will be how many fish I can dream of catching, while relaxing on my boat, rod in one hand, beer in the other, no room for a phone, and never watching the boob tube again :)
Thank you brother! Been working like the slob I am for over fifty years, and looking forward to a little simpler life soon!
You and I have the same appetite for the outdoors, as I also love fly fishing(not on your level of expertise) and my true love of off shore fishing. But casting from the surf, dock, dirt, wherever also makes my happy:)
Spent many a day wrapped around boulders in canoes, and flipping rafts on many rivers as white water is another one of my loves.
Looking forward to the day my better half and I can come visit your part of town, and witness the incredible beauty you enjoy daily!
As always, my best wish's to you and yours my brother!
Hi Bill, Why not offer a Bonner Private Research subscription free to every U.S. Congressman/woman and every U.S. Senator? It would be great if at least one of these federal office holders then had the guts to read each of your daily comments into the Congressional Record?
That would be a waste, they would have to read.... no time for that. Remember.... "We have to pass the bill, so we know what is in it"!
Turning "it" over to AI? That's a laugh. AI exists for the sole purpose of promoting, sustaining, and reinforcing the current regime of "deciders". AI might, could expose the scam. Like hell that'll happen. Best always. PM
Mark, I was born in 1952. Do you think I'm the same now as I was in 1953? Trust but verify. Thanks for your research and sharing with me. We're in for some revelations, I'm afraid. Best always. PM
Hey Paul. It was a better time.
We need term and age limits to apply. Personnel change is our only hope.
Bill Bonner's statement "In any case, when you’re over 80, whatever the price – war, inflation, bankruptcy – someone else is likely to pay it, not you." Is completely true and since both my wife and I are 82, it is small comfort to know that. Particularly since the politicians whose only real goal, despite their protests to the contrary, are to be re-elected and stay in power indefinitely will NEVER do what is right for the country but only what they calculate will result in enough votes for re-election. The only folks worse than the politicians are the political "scientists" who shill for the politicians for money rather than principle.
If we default then don’t pay anybody or anyone. Until the dumbasses who got us in this mess know what the problem is.
Cut, close, layoff, furlough whatever to get to EVEN.
RECEIPTS = Expenditures
Maybe some groups will get PO’ed.
GOOD, maybe they will realize that we mean business.
It will end up being a paid vacation for federal workers. Always has been.
We must do something different. Same old, same old is NOT working. Ex. Close their departments. End their jobs.
Why does a 21st century economy need a Department of Commerce?
We are so stupid, no one can see it.
Hi Mr. Withrow -
I'd argue most everyone reading BPR and on these boards sees it.
What to do, what to do...
Yes Bill, even the good pastor Franklin Graham agrees with you "Every Demon from hell has been turned loose in society" he recently stated...
What if those same "human" Feds you speak of are really demons in human disguise? Kind of makes sense, along with most of our current politicians, media moguls, union leaders, Tech heads, Bank CEOs, and half of our population...
But these are only the demons from hell, mere workers that follow their big bosses direction...only followers of the big boss.
Yes, they have been here before, many times throughout millennium, and every time they rule, society experiences a cleansing, as the many souls who follow the insanity are taken to the place they worship.
Yes Bill, science and technology are always faced with hard choices, but man is not. We can do either good or evil, right or wrong...Humans have a good sense of right or wrong, a natural moral compass, a common sense of judgment, a code of behavior and honor, but as we see in our country today, Demons do not...Demoncrats? I believe so...
The self proclaimed ruler of this world has almost everyone on his side, and most are ignorant of who they are serving. satan also has his agents, who 'know what they're doing.' They are deceived too, but they allowed themselves to be deceived. This can't end well for most people.
So let it be written. So let it be done…
Man - talk about seeing the extreme ends of the spectrum...
It's unfortunate to have such an insane culture running America today. Ignorant, arrogant and evil on an unprecedented scale in America history...Such a price to pay for the sins of our fathers?
Not as optimistic as you my friend, as each passing year, and deeper into the abyss we go, I wait for a sign. I wait for a true movement. I wait along with many hundreds I know to make a meaningful change. Yes brother Mark, everything will sort itself out, but I hope we are on the right side of history when it does 🙏🇺🇸🇺🇸🇺🇸
Hey Steve. We will get there. We just need this bankrupt beast to roll over and be dead. No money for welfare, pensions, Medicare, social, then the real prepared Americans will take over in small local economies and grow from there. I am not making light of the situation, as I truly believe millions will die. But the ones that make it through this crap will have to rebuild this country. Peace by peace, my friend God bless us all. sorry voice text.
I'd love to see that list Fishin'...
"The last official act of any government is to loot the treasury." - George Washington
Craig -- There is much uncertainty about Washington being the source of this quote. He definitely would be appalled by government activities in the city that bears his name!
George, and the rest of the Founders, studied history. They also saw what happens when church and state are combined, and wanted to avoid that here, thus the First Amendment. When the First Amendment is repudiated, the end of life on earth will be very close.
The first place that Yellen can delay paying is the interest on the $8.5 trillion that the Fed holds. They certainly couldn’t complain about that.
Any money that the Federal Reserve earns goes to the Treasury department.
https://en.wikipedia.org/wiki/Federal_Reserve
"The federal government sets the salaries of the board's seven governors, and it receives all the system's annual profits, after dividends on member banks' capital investments are paid, and an account surplus is maintained. In 2015, the Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury,[22] and 2020 earnings were approximately $88.6 billion with remittances to the U.S. Treasury of $86.9 billion.[23] "
Alex, are you saying the federal reserve is a good thing?
Of course not. I was merely correcting Tom Finn's statement, which is a common misconception, that the federal reserve that the interest the they earn goes into their pocket. It doesn't; the interest "earned" goes to the treasury.
So it appears that 97% of any money the federal government pays to the Fed for interest or principal on Treasury debt is returned to the Treasury since the Fed didn’t have any money at risk when they “purchased” the debt. Very interesting!
Hi Mr. Finn -
Yup, right-O. And according to their accounting methods and records. No way the upstanding denizens of our "government" and "banking" systems would lie to us, eh? EH??
I suspect these numbers are very similar to the earlier discussion about all that Gold that, surely, we (as a Nation) still have in storage...
I only stated a fact, not that the federal reserve is without stain or blemish.
If we stick to facts, that should be enough to hang just about anybody.
MORE than enough IMO...
You should say: Janet Yellen knows that the US government wouldn’t need to borrow money if the government would do its job and make the hard choices on the spending side.
Bill, so many prepositional phrases shows a lot of action going on and nothing getting done. I have seen this movie so many times that Roku is looking better and better. Take seven trillion and give it to the good folks who fund this dog and pony show and let them pay taxes on it. Then hidin Biden will have all the money he needs. Just sayin'
If my teenager was charging into oblivion, I would have already planted my boot halfway up his ass!
An extinction size asteroid is the only solution!!! Make sure you have a full bar and the shrooms are on hand. Or, if you have family and friends, enjoy your final moments with them, find comfort in your faith, and bravely accept your fate. It's been one hell of a journey.
Yes Dino, It's on its way, and should arrive in 2029...That asteroid, called Apophis, stretches about 1,100 feet (340 meters) across and will pass within 19,000 miles (31,000 kilometers) of Earth's surface on Friday the 13, April 2029. That might sound scary, but scientists are positive that it will not hit Earth. Instead, it's a once-in-a-lifetime chance for scientists to truly understand asteroids near Earth.
We all know how wrong the "experts" are, so hey, you never know!
I think the Government takes in about $400 billion every month. That is more than enough to pay social security, military, etc. and still have money left over.
Default or we vote you out until we find someone who TAKE AWAY THE GOVERNMENT CREDIT CARD!
I think that making a constitutional amendment that all elected Politicians have a fuduciary responsiblity to American Taxpayers. If found guilty of violating that that responsibility they are charged with treason. Add Bankers in there too. But, ha ha good luck with that.
Has anyone asked the infamous AI how to solve the US budget problem or the best areas to cut. Would be funny to hear the answer.
Thank you for the very fascinating website. I asked it some questions about programs that could be reduced if a default occurred, and it replied that all of them could theoretically be reduced, which is not much of an answer. But it did indicate that the Treasury Sec. can do quite a few things to push off a default, although it didn't specify what these were. So I wonder about this June 1 X-date. I stumped it when I asked it who decides what programs will be reduced---Congress or the Treasury Sec.? It indicated it had suffered an error, so I should submit my Q later. So it might eventually provide an answer. It appears to grow as Qs are asked it; i.e., it researches the answers of many Qs after the fact.
After reading the answers given, same old standard answers with no real solutions. When the answer is eliminate 90% of the departments and cut the remaining budgets back to 1990 then we will know we have some “intelligent” system. Seems to just regurgitate common thinking. Thanks for sharing the website!
Hey Mark, it’s T. So I voice text. I would prefer going back to 1960. Regulation was much much less than.
Must be a democrat...
Nailed it again brother Steve.
Pithy AND succinct...
Interesting about that is there are plenty of articles on the web regarding the perfectly reasonable arguments in cutting departments and government but somehow they aren’t found by the great AI. Seems tuned to only MNBC or some such basic information source? Hmmm strange
Ah fantastic! Thank you my friend
Hi Fishin' -
With apologies to Dave J - ahem, how can I say this in such a nice forum? Eh, F CALIFORNIA for one simple reson.
How much effort do they put into actually retaining the natural precipitation that falls within their boundaries vs. how much extra effort do they expend making sure the vast majority of said precipitation gets PUMPED INTO THE PACIFIC??
No apology needed, I left that God forsaken sh*thole over six years ago and stare at a golf course from my living room and bedroom nowadays. This story interests me because now living in Las Vegas, the situation with Lake Mead is a concern (thanks to Gone Fishin' for posting it-I read something similar earlier in the week).
Here's a question for all you Marxists/Leftists/Democrats out there: Given the situation in the Southwest with water shortages, how intelligent is it for our Southern Border to be wide open with millions of people waltzing across it into that part of our country? Do you think that might make water even more scarce? And, how do you expect the farmers that grow a lot of crops that end up on our dinner tables to produce that food in the Central Valley of California where your "deal" reduces their water supply even more than it was already cut?
And you're so right about the lack of reservoirs in California. They don't even have to pump it, the Army Corps of Engineers designed a sophisticated drainage system such that all the rainwater simply flows into the Pacific Ocean! At some point the states of California, Arizona and Nevada are going to be forced to pool resources and build desalination plants on the Pacific Ocean.
Yes brother Mark, so much useless information and insanity on a daily basis coming into our confused heads at lighting speed...my last home will be complete in less then a year, and my main goal after will be how many fish I can dream of catching, while relaxing on my boat, rod in one hand, beer in the other, no room for a phone, and never watching the boob tube again :)
You really need to Gone Fishing'...
Thank you brother! Been working like the slob I am for over fifty years, and looking forward to a little simpler life soon!
You and I have the same appetite for the outdoors, as I also love fly fishing(not on your level of expertise) and my true love of off shore fishing. But casting from the surf, dock, dirt, wherever also makes my happy:)
Spent many a day wrapped around boulders in canoes, and flipping rafts on many rivers as white water is another one of my loves.
Looking forward to the day my better half and I can come visit your part of town, and witness the incredible beauty you enjoy daily!
As always, my best wish's to you and yours my brother!