US GDP in 1971 was barely over $1 trillion. Total debt was only about $1.5 trillion. Today, GDP is near $28 trillion, but much of the spending is ‘on credit' with total debt approaching $100 trillion.
At 76 I cant remember the last truth told by any Government at any level. Those at the local level are just in basic training, to be the bigger liar of the electorate.
Dunno. Try this one for fit & finish - https://tinyurl.com/5n78n4mz it’s on substack with today’s message entitled: “The Stupidity of The COMEX, LBMA. West on Full Display. East is Playing Biden Regime Like a Fiddle, Viola and Cello. Filed under Survival Guide: Stacking…
The U.S. is lying - obviously it doesn't hold the gold for foreign governments and unlikely the ~8,100 tons are intact. Witness the delay in returning Germany's gold as evidence. Audit? What audit?
China is lying - they don't want the price to run up as they accumulate the lion's share of world gold reserves. The Chinese mentality is to prepare for the world in the year 2100 and beyond.
The USD will eventually go to zero as all fiat currencies do (read Voltaire). This will be self-inflicted through the arrogance, incompetence of corruption of its ruling caste.
Well done! I am 💯% with you about India’s repatriating and its central bank buying Au plus loading up on Ag …in volume.
What is equally interesting is India’s standing active duty military #’s & its navy (subs and carriers) with intent to add subs & carriers.
Regards,
Mark
Self Edit Addendum
In recent months, Reliance Industries in India has had so much difficulty acquiring physical silver to use in manufacturing solar panels and other photovoltaic products that the company ended up purchasing COMEX silver futures contracts. Upon maturity of those contracts, it asked for physical delivery of at least 25 million ounces of silver.
Has lying always paid better than telling the truth?
At least since the last decade of the 20th century lying has paid better, much better. If you don’t agree or perhaps don’t understand just close your eyes and imagine for a moment that you were just appointed as the new CEO of a Fortune 500 Company, with the accompanying fat salary and enriching incentive plan. Then imagine that on your first day on the job you started telling the truth, about everything. Come on now, push that imagination and imagine hard. How long would you keep that brand new highly lucrative job? If you can imagine losing it, how quickly could you replace it? The point should now be screaming at you. In business, in government, in all sectors and walks of life, public and private, all that involve money(even the church at the highest levels), interminable lying is de rigueur, it is a requirement.
It truly is an unfathomable reality. It begs existential contemplation. It is what WB Yeats was referring to when he said that the center can no longer hold.
YES. GOVERNMENTS LIE. IT IS THEIR STOCK IN TRADE. WHEN DID THIS START. OBAMA? 911? BILL CLINTON? HILLARY? RICHATD NIXON? FDR? 1913? HONEST ABE? PROBAABLY LONG BEFORE. AND YET, LYING HAS ESCALATED EXPONENTIALLY. TODAY, PERHAPS THE BIGGEST LIE IS THAT BIDXX IS CALLING THE SHOTS, WHEN MANY, PROBABLY M0ST, KNOW THAT THIS IS A FICTION. YET, WE CONTINUE TO PLAY THE CORRUPT TWO PARTY GAME. IF ONE CONTINUES TO DO THE SAME ACTION, ONE CONTINUES TO GET THE SAME RESULT. FUHGEDDABOUDBIT!!! UNITE BEHIND A THIRD PRTY STATESMAN AND BEGIN UNRAVELLING THE TANGLED WEB. GOD SAVE THE AMERICAN DREAM. MORE LATER.
I HAVE LITTLE DOUBT. IN BYGONE DAYS, IT WAS OFT SAID, "BY THEIR FRUITS SHALL YE KN OW THEM. IN MODERN DAY PARLANCE, "THE LUNATICS HAVE TAKEN OVER THE ASYLUM", IS MORE COMMON.
GREAT MINDS THINK. ALIKE. EARLIER TODAY, I TOO THOGHT, BUT DID NOT WR[TE ABOUT, THE CHERRY TREE STORY. ALSO,I HAD SEVERAL THOUGHTS ABOUT EINSTEIN. HE WAS NOT ONLY A GENIUS, BUT ALSO A VERY WISE MAN. ONE OF MY FAVORITES.
The State has the monopoly on force and coercion. They need the monopoly on lying to keep their ill gotten gains. We're told the Federal Reserve can't be audited for national security reasons. Yeah, I guess it would be a national security issue if the the public learned that Jay Powell and Company take their orders from the CIA.
Pick one - why? What difference does it make? Unless it backs a real - not fiat - currency that is redeemable in gold, it is just bluster. Almost a meme. Who cares? A lot of gold or no gold is the same if it is not redeemable.
Bill always writes about government getting out of the way and let people execute transactions between themselves (win-win). Buying shares at market prices should be the ultimate example as buyer and seller freely make the choice. If one man wins on call options someone else loses. Paper gains and paper losses converted to real gains and losses at changing market prices. BTW if Nvidia shareholders don't live to be 2000 years old I guess they are hoping to have capital gains in addition to the dividends.
I wish I’d bought NVDA when I first started buying gold, and I’m hoping that the US are lying and have to buy my gold at $30,000. Unfortunately wishes and hope are not a strategy. At least I don’t have the paper gains to worry about! 😂
At 76 I cant remember the last truth told by any Government at any level. Those at the local level are just in basic training, to be the bigger liar of the electorate.
They are all lying. So what's new?
Yup, their lips are moving. That's how you know.
Good one, so what’s new?
Dunno. Try this one for fit & finish - https://tinyurl.com/5n78n4mz it’s on substack with today’s message entitled: “The Stupidity of The COMEX, LBMA. West on Full Display. East is Playing Biden Regime Like a Fiddle, Viola and Cello. Filed under Survival Guide: Stacking…
If the above is not a good fit or finish, try this - https://tinyurl.com/wdemvh5w
or test drive this - https://tinyurl.com/bdcmj4kv
The U.S. is lying - obviously it doesn't hold the gold for foreign governments and unlikely the ~8,100 tons are intact. Witness the delay in returning Germany's gold as evidence. Audit? What audit?
China is lying - they don't want the price to run up as they accumulate the lion's share of world gold reserves. The Chinese mentality is to prepare for the world in the year 2100 and beyond.
The USD will eventually go to zero as all fiat currencies do (read Voltaire). This will be self-inflicted through the arrogance, incompetence of corruption of its ruling caste.
NVIDIA - classic bubble. 'nuff said
Yes, and it is also also interesting how India is repatriating it’s gold from London…
Well done! I am 💯% with you about India’s repatriating and its central bank buying Au plus loading up on Ag …in volume.
What is equally interesting is India’s standing active duty military #’s & its navy (subs and carriers) with intent to add subs & carriers.
Regards,
Mark
Self Edit Addendum
In recent months, Reliance Industries in India has had so much difficulty acquiring physical silver to use in manufacturing solar panels and other photovoltaic products that the company ended up purchasing COMEX silver futures contracts. Upon maturity of those contracts, it asked for physical delivery of at least 25 million ounces of silver.
OSInt Attribution ¶ 5 - https://tinyurl.com/49zw558p
Question for the audience?
Has lying always paid better than telling the truth?
At least since the last decade of the 20th century lying has paid better, much better. If you don’t agree or perhaps don’t understand just close your eyes and imagine for a moment that you were just appointed as the new CEO of a Fortune 500 Company, with the accompanying fat salary and enriching incentive plan. Then imagine that on your first day on the job you started telling the truth, about everything. Come on now, push that imagination and imagine hard. How long would you keep that brand new highly lucrative job? If you can imagine losing it, how quickly could you replace it? The point should now be screaming at you. In business, in government, in all sectors and walks of life, public and private, all that involve money(even the church at the highest levels), interminable lying is de rigueur, it is a requirement.
It truly is an unfathomable reality. It begs existential contemplation. It is what WB Yeats was referring to when he said that the center can no longer hold.
I agree Dan, who cares? I own plenty of gold, lots more silver and even more of the only metals that matter, brass and lead😊
Brass, lead, AND copper, Steve. A lot of my guns don't get along with plain old lead. 😊
😊
Yeah buddy! One must be able to reach out and touch someone…
🤗
Don’t forget a couple of magLula®️
Browse here https://www.orionsignals.com/ [no regret, stock up now]
Brass, yes! Its spheroidal form should remind us of the age-old contention that of all the virtues the most important one is courage.
PLEASE PARDON CAPS ALMOST BLIND
YES. GOVERNMENTS LIE. IT IS THEIR STOCK IN TRADE. WHEN DID THIS START. OBAMA? 911? BILL CLINTON? HILLARY? RICHATD NIXON? FDR? 1913? HONEST ABE? PROBAABLY LONG BEFORE. AND YET, LYING HAS ESCALATED EXPONENTIALLY. TODAY, PERHAPS THE BIGGEST LIE IS THAT BIDXX IS CALLING THE SHOTS, WHEN MANY, PROBABLY M0ST, KNOW THAT THIS IS A FICTION. YET, WE CONTINUE TO PLAY THE CORRUPT TWO PARTY GAME. IF ONE CONTINUES TO DO THE SAME ACTION, ONE CONTINUES TO GET THE SAME RESULT. FUHGEDDABOUDBIT!!! UNITE BEHIND A THIRD PRTY STATESMAN AND BEGIN UNRAVELLING THE TANGLED WEB. GOD SAVE THE AMERICAN DREAM. MORE LATER.
SINCERELY,
LIAM.
IM ONLY HALF BLIND SO ONLY HALF AN APOLOGY FROM ME.
LIAM,
RIGHT AFTER GEORGE WASHINGTON CONFESSED TO CUTTING DOWN THE CHERRY TREE.
EINSTEIN CALLED DOING THE SAME THING REPEATEDLY BUT EXPECTING A DIFFERENT RESULT INSANITY.
I WONDER WHO THE INSANE ONES ARE SOMETIMES....
I HAVE LITTLE DOUBT. IN BYGONE DAYS, IT WAS OFT SAID, "BY THEIR FRUITS SHALL YE KN OW THEM. IN MODERN DAY PARLANCE, "THE LUNATICS HAVE TAKEN OVER THE ASYLUM", IS MORE COMMON.
GREAT MINDS THINK. ALIKE. EARLIER TODAY, I TOO THOGHT, BUT DID NOT WR[TE ABOUT, THE CHERRY TREE STORY. ALSO,I HAD SEVERAL THOUGHTS ABOUT EINSTEIN. HE WAS NOT ONLY A GENIUS, BUT ALSO A VERY WISE MAN. ONE OF MY FAVORITES.
SINCERELY,
LIAM
The State has the monopoly on force and coercion. They need the monopoly on lying to keep their ill gotten gains. We're told the Federal Reserve can't be audited for national security reasons. Yeah, I guess it would be a national security issue if the the public learned that Jay Powell and Company take their orders from the CIA.
Its heaven to be debt free!
Pick one - why? What difference does it make? Unless it backs a real - not fiat - currency that is redeemable in gold, it is just bluster. Almost a meme. Who cares? A lot of gold or no gold is the same if it is not redeemable.
Dollars are always redeemable in gold, just not from the Government.
💯%.
I was going to vote for 3:
PBOC is lying
The Fed is lying
Doesn’t matter I’m still buying.
My first vote was the only one recorded!! Oh well…
Yep, me too. First three, definitely not the last.
Me too!
Does this skew the poll?
Whoever designed it should be aware of this & tweet the next poll so it reflects more accurately.
And when the credit stops the Democratically run government collapses in an instant into bankruptcy.
Mac: It really won't matter which race is in power, bankruptcy will happen regardless if you are Rep.,Dem. or Independent.
Race or party?
a typo I assume!
JN: Party ...thanks
If the "government" can "print" money as required, then what will prevent the continuation of this monetary "experiment" ?
When the transition to digital "money" occurs, as planned, barter will be the only other option for the people.
If I had to hazard a guess I would say that we can't trust any government's report of how much gold they have.
Bill always writes about government getting out of the way and let people execute transactions between themselves (win-win). Buying shares at market prices should be the ultimate example as buyer and seller freely make the choice. If one man wins on call options someone else loses. Paper gains and paper losses converted to real gains and losses at changing market prices. BTW if Nvidia shareholders don't live to be 2000 years old I guess they are hoping to have capital gains in addition to the dividends.
Education, priceless😁
I wish I’d bought NVDA when I first started buying gold, and I’m hoping that the US are lying and have to buy my gold at $30,000. Unfortunately wishes and hope are not a strategy. At least I don’t have the paper gains to worry about! 😂
Keith Gill if he takes Bill's advice.
They're all lying, I'm still buying.
Well done! I am 💯% with you on both your sentences.