Measured in gold, the story takes an even darker turn. Instead of being worth 38 billion ounces of gold, today’s economy is worth only 7.5 billion ounces — less than a quarter as much.
I would say down or declining. And currently it seems the government is focused elsewhere - against so many countries. To name a few Russia, China, Iran, Venezuela, Nigeria, Buso Farina, and on and on. Hopefully one of these days it will be on America.
No doubt you speak the truth Bill. I live in a relatively well to do area but I see the difficulties all around us. Do you think that DC, NYC and San Fran can thrive without the American citizenry pursuing their dreams... can the American citizenry thrive under the grifts of DC, NYC and San Fran?
You gotta have an American citizenry first to survive. Half of New York City today is not a traditional American citizenry, and therein lies the problem. The turning point is here: the snowball gets bigger and gathers momentum going forward. Sorry, but them's the breaks. Best always. PM
...but, but... liberals everywhere telling me diversity is our strength.
Why... without diversity how else could we engage in endless protests and propagations against traditional Americana culture?
How else could we dilute the Union and create cultural bias, political upheaval?
Why it just wouldn't be America without foreign nationals parading their flag on the streets of the U.S.A. for want of our gov't change.
With out diversity, how could the liberal media broadcast the hate towards whitey?
The U.S.A. really must be a rotten place to live, just ask Bill...
After all, the U.S. being so racist, so bias, it's a wonder any want to come here at all, excepting of course the millions trying desperately to get in...
Have two questions please. If we are comparing GDP and the dollar value from 1999 to 2025, does it not work the same way with the debt. Would not $56 trillion only be $28 trillion in 1999 dollar value. And if we compare the debt to gold in 1999 $300 dollars per oz to gold in 2025 $4,000 dollar an oz., the 1999 debt would have been 1,042,000 tons of gold versus the 2025 debt that is worth 438,000 tons of gold. So, in gold terms, the 1999 debt is over 2 times as much, I think!! I'm missing something, but it's your fault. You have been having me compart things to the price of gold now for 25 years.
With grocery stores closing due to increased theft (will this also include government stores in NYC?), SNAP benefits cut, and the dollar worth less and less, how far from major riots breaking out that may be armed?
Bill shows (proves to) us the direction we are REALLY headed: BACKWARDS
I would say down or declining. And currently it seems the government is focused elsewhere - against so many countries. To name a few Russia, China, Iran, Venezuela, Nigeria, Buso Farina, and on and on. Hopefully one of these days it will be on America.
No doubt you speak the truth Bill. I live in a relatively well to do area but I see the difficulties all around us. Do you think that DC, NYC and San Fran can thrive without the American citizenry pursuing their dreams... can the American citizenry thrive under the grifts of DC, NYC and San Fran?
You gotta have an American citizenry first to survive. Half of New York City today is not a traditional American citizenry, and therein lies the problem. The turning point is here: the snowball gets bigger and gathers momentum going forward. Sorry, but them's the breaks. Best always. PM
...but, but... liberals everywhere telling me diversity is our strength.
Why... without diversity how else could we engage in endless protests and propagations against traditional Americana culture?
How else could we dilute the Union and create cultural bias, political upheaval?
Why it just wouldn't be America without foreign nationals parading their flag on the streets of the U.S.A. for want of our gov't change.
With out diversity, how could the liberal media broadcast the hate towards whitey?
The U.S.A. really must be a rotten place to live, just ask Bill...
After all, the U.S. being so racist, so bias, it's a wonder any want to come here at all, excepting of course the millions trying desperately to get in...
apparently cars are also being repossessed in wealthy areas now, which speaks to the humungous problem of debt for the US & therefore the world
Bill,
Have two questions please. If we are comparing GDP and the dollar value from 1999 to 2025, does it not work the same way with the debt. Would not $56 trillion only be $28 trillion in 1999 dollar value. And if we compare the debt to gold in 1999 $300 dollars per oz to gold in 2025 $4,000 dollar an oz., the 1999 debt would have been 1,042,000 tons of gold versus the 2025 debt that is worth 438,000 tons of gold. So, in gold terms, the 1999 debt is over 2 times as much, I think!! I'm missing something, but it's your fault. You have been having me compart things to the price of gold now for 25 years.
Jim C.
"A study of the housing market showed that declining prices didn’t change consumer habits".
?
"A" study?
What?
Only one?
...likely only one... because common sense and logic dictate lower prices does induce spending.
With grocery stores closing due to increased theft (will this also include government stores in NYC?), SNAP benefits cut, and the dollar worth less and less, how far from major riots breaking out that may be armed?