Thanks largely to the EZ money era wrought by America’s funny money, the world’s reserve currency, feds everywhere spend too much money. Economies adapted to the cash flow.
Let’s quit calling these failures “Administrations,”. That word’s too polite, too bureaucratic, too much like they’re handing out library cards instead of cyanide pills.
Nah, these are gangs. Straight-up Bloods and Crips with better pensions. Red ties, blue ties, same body count, same racket, same colors spray-painted on the casket. You thought Tupac and Biggie was bad? America’s headlining the world’s first bipartisan drive-by democracy. And it doesn’t end with bullets, it ends with stagflation, debt ceilings, and bathroom wars.
So they promised us guns and butter Bill, now all we got is bullets in our wallets and margarine that tastes like ass and despair. Trump ain’t no savior, his plan is basically the Atkins Diet for economies: cut taxes, binge tariffs, and pray your arteries don’t explode. Either way, butter melts, guns jam, and the only thing growing is the deficit and the worms feeding on it.
But don’t worry, folks, Sir Elon Musk, the only genius left breathing without embalming fluid is hovering out there like a one-man Third Party, waiting to beam us up before America’s last act looks like a Vegas Elvis impersonator reading Revelations on a karaoke mic. Until then, enjoy the feud, Bloods, Crips, Dems, Repubs, same gang, same hustle, different flavor of apocalypse.
If I was Trump I would do exactly as he is doing. I would get a budget which allows himself money to work with. If he was to move into austerity immediately his support would collapse.the non-savers are simply too large a component of American society. They would not support him for very long if the economy and their jobs turned south. Then after I exposed the corruption and the causes and removed the DOJ stalwarts, through the Supreme Court, I would have two years and Congressional support to make the dire changes of austerity and a tiny window to make those changes work, like Milei has. Once society has been shown all the corruption, the lying main stream media, the healthy changes to a drug infested society and they have seen the assassinations of conservatives globally and the direction of left wing globalists Then society will be ready to accept the punishment of hard money to correct the obvious problems forced upon society by left wing leadership. They will see the left wingers as war mongers and economic incompetents and assassins that would provide a clear view of what society would be in for with their self centered, incomplete understanding of reality, like climate change and covid vaccines, given their self righteousness and elite mistakes in their understanding of society. Yes, society is not that insightful but it needs decent leadership that sees the good, rightful and God centered leadership something that has been poorly lacking for decades, until Trump.
I wish you were right, but I think you’re dreaming if you think a majority of the American people will knuckle down and accept a great deal of austerity to prevent the debt bubble from bursting. Bill refuses to blame the folks, for whatever strange reason, but my own experience with former well-educated colleagues (I’m retired), well-educated relatives, and well-educated friends, most of these folks quite affluent, has shown me that a huge majority of the American people, while being careful with their own finances, have an appalling ignorance of national finance. They complain about the debt, but when I question them about it, and they reply as Bill does, that the debt needs to be slashed, I then ask them what they would cut, and what the ramifications would be, especially where jobs are concerned. Then they stutter and stammer around, and usually finally admit that slashing the debt would be very politically difficult to do because of massive job loss.
You complimented Argentina President Milei, which Bill mentioned in his essay today. And I agree that he has done a lot of good. But lately, per my reading of several reports from Argentine news orgs, his budget cutting is starting to negatively affect jobs, pensions, health care payouts, etc. It didn’t help that the Argentine Fed raised interest rates (something Bill wants the U.S. Fed to do) leading to a rapid decrease in stock prices. But, most importantly, jobs are starting to rapidly disappear during Milei’s austerity program, with unemployment now running as high in Argentina as during the Covid crisis. And Milei’s moderate and conservative allies in the Argentine Congress are running scared, voting with the leftist Peronists to massively override his effort to control the cost of pensions and disability payments. And recently, Milei’s coalition got clobbered in a recent Buenos Aires local election. Now reports I have read from local media there---is that Milei is strong outside left-leaning Buenos Aires, but his allies in Congress are getting quite frightened about the austerity because even in Milei-strong areas, folks are also starting to complain about job losses, stock prices, pensions not keeping up with inflation, etc. So people are people. So when their jobs start disappearing, their stock holdings lose value, and their pensions can’t keep up, they change their stripes VERY quickly.
So I just don’t see anyway at this point in our debt-for-jobs fueled U.S. economy, that a majority of voters would be willing to tighten their belt for three-to-five years of severe recession or depression to put the U.S. on sound financial footing. This is not the U.S. of the early-1980s when debt-to-GDP was about 30%. Now the debt-to-GDP is over 100%.
I can't disagree with you. I for sure think we cannot make any significant changes to our debt position without society realizing the corruption and spending stupidity we've seen. I had not read about Milei's losing of jobs. I had read about the Buenos Aires election loss but figured that was mostly due to Buenos Aires being Peronist supported. Yes in a sense the leftists have left the country, the US, with essentially no remedy to the debt. That was a great but pathetic leftist strategy and I'm skeptical of Trump's strategy with today's society.
Please don't mention the Warped Speed experimental mRNA vaccines. Donnie still thinks they were one of the greatest achievements in history. As far as war mongering both sides of the aisle vote for massive "war" spending and every war that comes down the pike.
Or Macron and EU leaders are saying prepare for war. They need war to cover up their ineptitude in economics and they don't have any energy and they chased after the stupid climate change stuff with lower intensity energy sources which are insufficient. Now they need Russia's energy supplies for free or with war. They will fail miserably. They really just want their offices despite their incompetence. and stupidity.
I am SO surprised. I actually agree and liked BB’s comments. He gave some very good information. My hope is that Donald Trump will eventually focus on reducing the deficit. This does not mean reducing the increase in borrowing but actually owing less. Time will tell
Well, well, well! Good ole BBB finally admits the bullshit we had to live through during the Bidum years. But in typical BBB fashion, he has to, he must, cannot let it go without tying it back to Mr. Trump, the big man, the taco or anything else this self directed wind bag has for our President.
Does he face the same head winds? Of course, however, the man has been in ELECTED office less than 10 months….and during those 10 months positive changes have occurred. BBB makes no mention of those, in fact every prose he post is like chicken little.
Give it a break BBB, and give the President a chance to in-act corrections.
I say again, where the F are your solutions, I mean other than max safty mode, buy gold and grab your ankles? Where are your tangible solutions to adjust the sails and take advantage of those head winds.
Yes, as I thought, you have nothing other than continuing to bitch that your failed party, the Dems are lost and leaderless.
Bongo's column today kind of hit me like a "stream-of-consciousness" effort, going from Democrats to Trump to France to Argentina. He did make a couple of good points along the way as he usually does, but those good points are only meant to hide his virulent TDS.
Thanks, Bill. All we can ask for as your readers is that you are being unbiased in your writings. As a Trump voter (with no viable alternative being offered), I am and have been aware of Republican and Democratic shortcomings. That's why I have been into gold/silver (as I could afford) for years. However, what comes to mind now (in this environment) is that old saying, first they came for the Jews and then they came for the Christians. For you youngsters, I hope and pray I'm wrong.
Don't worry. I had to look it up myself. Only so much info we can retain in this "Information Age". Especially with so much "useless information, supposed to fire my imagination" as Mick Jagger once sang.
What's next, sentences that begin with prepositions? Should you agree. From that point going forward think of Gold. At that point you will or may prosper. If the world has not ended yet. Above, all the dialogue, one must center theirselves and engage the possibilities of global collapse. Should a sane investor do otherwise? Harrumpf
Something is going to happen in America; it is difficult to understand what. The American educational system (mind control) has produced a hi-bred idiot. They can’t determine what their self interest consists of; they wallow in the crazy insignificant.
The system is about to collapse. In “When Money Dies,” you ask, “Are these people stupid?” “Why do they keep printing the money?”
Karma would dictate that dystopia, beyond science fiction, will predominate that we will need food as badly as a Palestinian baby.
Maybe, Legacy News will be able to paint over starvation when it hits American bellies.
Reality and nature, like a Jack London novel, roots out and destroys idiots.
The problem with wealth is one tends to squander it, whether personally or institutionally. Trump nor any member of Congress has shown the ability to grow wealth. Historically, Trump has been a consumer of wealth not a creator. Now our national piggy bank is nearly empty, fear is the order of the day. We've bullied our friends and invigorated our adversaries in the name of our own prosperity. Where will it end... isolationism, naturally.
I believe it is not just the politicians that are rotten. It is also many people. There are leaches at the top that benefit hugely from the deficit spending. It is also the leaches on the low end that believe government should raise their children, pay for their healthcare, and susbsidize their food and housing. Meanwhile, they commit most of the crimes (primarily against each other), and believe the lie that rich white people have "made" them poor. (and ignorant, and unhealthy, and lazy...) Both of these stand to gain from guns and butter. Who doesn't benefit? Those in the middle who want to be left alone. We will pay for our children to educated, we will work for our food, we will complain and work for our housing, we will complain and pay our taxes. Some of us in the ideological middle make $60,000 per year, and some make $10 million per year. We agree that we don't want to pay for corruption in government nor do we want to be forced to support a corrupt sub culture of stupidity and victim hooded blame. The ideologic middle want to be left alone, and we will happily take responsibility for our lives. Unfortunately, our way of life is not popular. Charlie Kirk preached living responsibly, shoulder your life and live with dignity. He was removed not because of the message but because people were listening. It is "hate" to allow people to suffer consequences of their bad choices. It is "hate" to address the insanity of gender dysforia.
Financially, most of the insanity of the left from "butter," to gun control, to transgender, to LBGT, etc, is a direct result of life being too easy in the US. We are too rich. Hungry people work, and they don't have time to worry about if they are really a girl or a boy. The EZ money destroyed fiscal responsibility in government, but it also destroyed a culture where work was necessary to survive. The result: now people are rotten at the top and the bottom. The top basically squabble over how to control the ungrateful "bottom" while balancing (not disenfranchising too much) the ideological middle. The bottom are never satisfied and only want more and more and blame the visibly rich for themselves being poor. Jordan Peterson says it very accurately: If you don't want to be poor, 1.) work 40 hours per week 2.) don't have children out of wedlock, 3.) graduate from high school ( I would include here, invest in yourself to become more valuable over time.) This formula works in th US, and it works in Guatemala, and it works in Nigeria. The guns and butter program mostly benefits the top and bottom and feeds the infection that is killing our society. Any agreements or disagreemnts?
Check out the current state of the Israeli economy. Not near as bad as one might have expected if war was fundamentally a nation killer. Russia appears to be on the rise as well rather than in decline, despite the huge cost of its war in terms of both human losses and capital . The key might be that these two nations fight and take the booty. The west typically fights and then gives the spoils away, that's almost certainly a bad deal. Trump could be onto this!! His musings regarding Greenland point that way and then there is the current situation with Venezuela. Trump is unlikely to be parking those assets in that region without expectation of a dividend. War is looking likely. But different kinds of war from those the west has engaged in over the past 80 years. And the populace is in a general state of uproar right across the west, making them more disposed to nationalistic rallying. It all seems to point in the same direction and Bill's big man theory looks accurate. Not that war is a positive, it just that it appears to be better than the current situation, like a mirage in the desert. And strangely, the fallen state of the west in terms culture and morality, make one inclined to think that war might be the necessary tonic for our many ailments, as there does not appear to be any other cure on offer.
Let’s quit calling these failures “Administrations,”. That word’s too polite, too bureaucratic, too much like they’re handing out library cards instead of cyanide pills.
Nah, these are gangs. Straight-up Bloods and Crips with better pensions. Red ties, blue ties, same body count, same racket, same colors spray-painted on the casket. You thought Tupac and Biggie was bad? America’s headlining the world’s first bipartisan drive-by democracy. And it doesn’t end with bullets, it ends with stagflation, debt ceilings, and bathroom wars.
So they promised us guns and butter Bill, now all we got is bullets in our wallets and margarine that tastes like ass and despair. Trump ain’t no savior, his plan is basically the Atkins Diet for economies: cut taxes, binge tariffs, and pray your arteries don’t explode. Either way, butter melts, guns jam, and the only thing growing is the deficit and the worms feeding on it.
But don’t worry, folks, Sir Elon Musk, the only genius left breathing without embalming fluid is hovering out there like a one-man Third Party, waiting to beam us up before America’s last act looks like a Vegas Elvis impersonator reading Revelations on a karaoke mic. Until then, enjoy the feud, Bloods, Crips, Dems, Repubs, same gang, same hustle, different flavor of apocalypse.
Egypt - I commend your articulate albeit depressing explanation that there is no exit from an inevitable collapse. I hope someone emerges to abate it.
If I was Trump I would do exactly as he is doing. I would get a budget which allows himself money to work with. If he was to move into austerity immediately his support would collapse.the non-savers are simply too large a component of American society. They would not support him for very long if the economy and their jobs turned south. Then after I exposed the corruption and the causes and removed the DOJ stalwarts, through the Supreme Court, I would have two years and Congressional support to make the dire changes of austerity and a tiny window to make those changes work, like Milei has. Once society has been shown all the corruption, the lying main stream media, the healthy changes to a drug infested society and they have seen the assassinations of conservatives globally and the direction of left wing globalists Then society will be ready to accept the punishment of hard money to correct the obvious problems forced upon society by left wing leadership. They will see the left wingers as war mongers and economic incompetents and assassins that would provide a clear view of what society would be in for with their self centered, incomplete understanding of reality, like climate change and covid vaccines, given their self righteousness and elite mistakes in their understanding of society. Yes, society is not that insightful but it needs decent leadership that sees the good, rightful and God centered leadership something that has been poorly lacking for decades, until Trump.
Mr. Mackinac,
I wish you were right, but I think you’re dreaming if you think a majority of the American people will knuckle down and accept a great deal of austerity to prevent the debt bubble from bursting. Bill refuses to blame the folks, for whatever strange reason, but my own experience with former well-educated colleagues (I’m retired), well-educated relatives, and well-educated friends, most of these folks quite affluent, has shown me that a huge majority of the American people, while being careful with their own finances, have an appalling ignorance of national finance. They complain about the debt, but when I question them about it, and they reply as Bill does, that the debt needs to be slashed, I then ask them what they would cut, and what the ramifications would be, especially where jobs are concerned. Then they stutter and stammer around, and usually finally admit that slashing the debt would be very politically difficult to do because of massive job loss.
You complimented Argentina President Milei, which Bill mentioned in his essay today. And I agree that he has done a lot of good. But lately, per my reading of several reports from Argentine news orgs, his budget cutting is starting to negatively affect jobs, pensions, health care payouts, etc. It didn’t help that the Argentine Fed raised interest rates (something Bill wants the U.S. Fed to do) leading to a rapid decrease in stock prices. But, most importantly, jobs are starting to rapidly disappear during Milei’s austerity program, with unemployment now running as high in Argentina as during the Covid crisis. And Milei’s moderate and conservative allies in the Argentine Congress are running scared, voting with the leftist Peronists to massively override his effort to control the cost of pensions and disability payments. And recently, Milei’s coalition got clobbered in a recent Buenos Aires local election. Now reports I have read from local media there---is that Milei is strong outside left-leaning Buenos Aires, but his allies in Congress are getting quite frightened about the austerity because even in Milei-strong areas, folks are also starting to complain about job losses, stock prices, pensions not keeping up with inflation, etc. So people are people. So when their jobs start disappearing, their stock holdings lose value, and their pensions can’t keep up, they change their stripes VERY quickly.
So I just don’t see anyway at this point in our debt-for-jobs fueled U.S. economy, that a majority of voters would be willing to tighten their belt for three-to-five years of severe recession or depression to put the U.S. on sound financial footing. This is not the U.S. of the early-1980s when debt-to-GDP was about 30%. Now the debt-to-GDP is over 100%.
I can't disagree with you. I for sure think we cannot make any significant changes to our debt position without society realizing the corruption and spending stupidity we've seen. I had not read about Milei's losing of jobs. I had read about the Buenos Aires election loss but figured that was mostly due to Buenos Aires being Peronist supported. Yes in a sense the leftists have left the country, the US, with essentially no remedy to the debt. That was a great but pathetic leftist strategy and I'm skeptical of Trump's strategy with today's society.
Please don't mention the Warped Speed experimental mRNA vaccines. Donnie still thinks they were one of the greatest achievements in history. As far as war mongering both sides of the aisle vote for massive "war" spending and every war that comes down the pike.
Yep
Who's saying they must prepare for war now, when peace is on the table?
Ukraine?
Or Macron and EU leaders are saying prepare for war. They need war to cover up their ineptitude in economics and they don't have any energy and they chased after the stupid climate change stuff with lower intensity energy sources which are insufficient. Now they need Russia's energy supplies for free or with war. They will fail miserably. They really just want their offices despite their incompetence. and stupidity.
Totally agree, they want war to cover up
Yes
I am SO surprised. I actually agree and liked BB’s comments. He gave some very good information. My hope is that Donald Trump will eventually focus on reducing the deficit. This does not mean reducing the increase in borrowing but actually owing less. Time will tell
Well, well, well! Good ole BBB finally admits the bullshit we had to live through during the Bidum years. But in typical BBB fashion, he has to, he must, cannot let it go without tying it back to Mr. Trump, the big man, the taco or anything else this self directed wind bag has for our President.
Does he face the same head winds? Of course, however, the man has been in ELECTED office less than 10 months….and during those 10 months positive changes have occurred. BBB makes no mention of those, in fact every prose he post is like chicken little.
Give it a break BBB, and give the President a chance to in-act corrections.
I say again, where the F are your solutions, I mean other than max safty mode, buy gold and grab your ankles? Where are your tangible solutions to adjust the sails and take advantage of those head winds.
Yes, as I thought, you have nothing other than continuing to bitch that your failed party, the Dems are lost and leaderless.
Bongo's column today kind of hit me like a "stream-of-consciousness" effort, going from Democrats to Trump to France to Argentina. He did make a couple of good points along the way as he usually does, but those good points are only meant to hide his virulent TDS.
Thanks, Bill. All we can ask for as your readers is that you are being unbiased in your writings. As a Trump voter (with no viable alternative being offered), I am and have been aware of Republican and Democratic shortcomings. That's why I have been into gold/silver (as I could afford) for years. However, what comes to mind now (in this environment) is that old saying, first they came for the Jews and then they came for the Christians. For you youngsters, I hope and pray I'm wrong.
Is this poem what you were referring to:
First they came for the socialists, and I did not speak out—
Because I was not a socialist.
Then they came for the trade unionists, and I did not speak out—
Because I was not a trade unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—and there was no one left to speak for me. Martin Niemöller
Yes, it is and there have been many condenste versions used over the years. Sorry but my memory deteriates with this ancient brain and body.
I am with on that ancient brain part. Guess it comes with the territory of being an elder! LOL.
Don't worry. I had to look it up myself. Only so much info we can retain in this "Information Age". Especially with so much "useless information, supposed to fire my imagination" as Mick Jagger once sang.
I agree. " What we have to do, Is what we need to do everyday. And that is what we are doing now.... every day. Going forward. Haa,haa, haa, ha haa
aa.. Right?! You get it you're so smart."
We are here today to talk about tomorrow, for tomorrow will soon be today, and today will soon be yesterday…..
So philosophical Stiff, I am impressed!
lol
To this point, I don't recall Bill EVER failing to use perfect grammar.
And in his articles, Bill nearly always gives me something to think about.
For once, I can return the favor.
Bill wrote, "And if a murder was committed by a member of a..."
The sentence requires subjunctive mode, not indicative mode.
What's next, sentences that begin with prepositions? Should you agree. From that point going forward think of Gold. At that point you will or may prosper. If the world has not ended yet. Above, all the dialogue, one must center theirselves and engage the possibilities of global collapse. Should a sane investor do otherwise? Harrumpf
Has Milei made it any easier to buy a car?
Something is going to happen in America; it is difficult to understand what. The American educational system (mind control) has produced a hi-bred idiot. They can’t determine what their self interest consists of; they wallow in the crazy insignificant.
The system is about to collapse. In “When Money Dies,” you ask, “Are these people stupid?” “Why do they keep printing the money?”
Karma would dictate that dystopia, beyond science fiction, will predominate that we will need food as badly as a Palestinian baby.
Maybe, Legacy News will be able to paint over starvation when it hits American bellies.
Reality and nature, like a Jack London novel, roots out and destroys idiots.
The problem with wealth is one tends to squander it, whether personally or institutionally. Trump nor any member of Congress has shown the ability to grow wealth. Historically, Trump has been a consumer of wealth not a creator. Now our national piggy bank is nearly empty, fear is the order of the day. We've bullied our friends and invigorated our adversaries in the name of our own prosperity. Where will it end... isolationism, naturally.
Everyone? Please speak only for yourself sir.
Dan, based on Charlies chart, we have a long way to go before considering selling any of our gold. (Only maybe half of what's in a visible account)
I would love to see a repeat of history before I check out of this life.
Jim Marshall
I believe it is not just the politicians that are rotten. It is also many people. There are leaches at the top that benefit hugely from the deficit spending. It is also the leaches on the low end that believe government should raise their children, pay for their healthcare, and susbsidize their food and housing. Meanwhile, they commit most of the crimes (primarily against each other), and believe the lie that rich white people have "made" them poor. (and ignorant, and unhealthy, and lazy...) Both of these stand to gain from guns and butter. Who doesn't benefit? Those in the middle who want to be left alone. We will pay for our children to educated, we will work for our food, we will complain and work for our housing, we will complain and pay our taxes. Some of us in the ideological middle make $60,000 per year, and some make $10 million per year. We agree that we don't want to pay for corruption in government nor do we want to be forced to support a corrupt sub culture of stupidity and victim hooded blame. The ideologic middle want to be left alone, and we will happily take responsibility for our lives. Unfortunately, our way of life is not popular. Charlie Kirk preached living responsibly, shoulder your life and live with dignity. He was removed not because of the message but because people were listening. It is "hate" to allow people to suffer consequences of their bad choices. It is "hate" to address the insanity of gender dysforia.
Financially, most of the insanity of the left from "butter," to gun control, to transgender, to LBGT, etc, is a direct result of life being too easy in the US. We are too rich. Hungry people work, and they don't have time to worry about if they are really a girl or a boy. The EZ money destroyed fiscal responsibility in government, but it also destroyed a culture where work was necessary to survive. The result: now people are rotten at the top and the bottom. The top basically squabble over how to control the ungrateful "bottom" while balancing (not disenfranchising too much) the ideological middle. The bottom are never satisfied and only want more and more and blame the visibly rich for themselves being poor. Jordan Peterson says it very accurately: If you don't want to be poor, 1.) work 40 hours per week 2.) don't have children out of wedlock, 3.) graduate from high school ( I would include here, invest in yourself to become more valuable over time.) This formula works in th US, and it works in Guatemala, and it works in Nigeria. The guns and butter program mostly benefits the top and bottom and feeds the infection that is killing our society. Any agreements or disagreemnts?
I think of all the comments yours is the best. It accurately describes many countries today including mine, Australia.
Check out the current state of the Israeli economy. Not near as bad as one might have expected if war was fundamentally a nation killer. Russia appears to be on the rise as well rather than in decline, despite the huge cost of its war in terms of both human losses and capital . The key might be that these two nations fight and take the booty. The west typically fights and then gives the spoils away, that's almost certainly a bad deal. Trump could be onto this!! His musings regarding Greenland point that way and then there is the current situation with Venezuela. Trump is unlikely to be parking those assets in that region without expectation of a dividend. War is looking likely. But different kinds of war from those the west has engaged in over the past 80 years. And the populace is in a general state of uproar right across the west, making them more disposed to nationalistic rallying. It all seems to point in the same direction and Bill's big man theory looks accurate. Not that war is a positive, it just that it appears to be better than the current situation, like a mirage in the desert. And strangely, the fallen state of the west in terms culture and morality, make one inclined to think that war might be the necessary tonic for our many ailments, as there does not appear to be any other cure on offer.
Why not? We pay most of everything for Israel.