I distinctly remember the Statists lecturing us critics of the Patriot Act that their beloved government would never abuse this additional power. The Statists claimed the critics were tin foil hat wearing conspiracy theorists. Well, we all know how that worked out. Welcome to the surveillance state :-) Now the Statists are again lecturing us critics of the CBDC claiming their beloved government would never abuse this additional power. Programmable money; what could possible go wrong :-) Your biggest enemy is not the government, its the Statists. The government needs their useful idiots and the Statists line up to fill that role. The government along with their Statist dullards are the antithesis of Liberty. Believe it or not; there's still many American's who do not enjoy bondage and chains. It really is that simple.
Dan, your sentence “In this case, the price action confirms the thesis behind our asset allocation strategy for 2022, namely that bonds are dog excrement” brought to my mind Joseph Epstein’s tribute of 1995 to his friend Sam Lipman, who died in late 1994. Lipman was a classical pianist, an acerbic cultural critic, and publisher of the conservative arts journal “The New Criterion.”
In his tribute Epstein recalled walking one evening with Lipman in Washington, D. C. At the time both men were serving on the board of the National Endowment for the Arts. Epstein asked Sam whether he watched much television or many movies, to which Lipman responded: “I consider the movies and television ‘dogshit.’”
With each passing year I find it increasingly easy to substitute for Lipman’s “movies and television” the effusions of “smart money” pundits--you and your colleagues at BPR excluded, of course! The crankiness of old men sometimes deserves respect of the sort I gladly give to the fellow who managed to have engraved on his tombstone the epitaph “I told you I was sick.”
You wrote: It’s MY contention that the most over-leveraged borrower in the world is the US government.
More so than the Japanese government? I agree that the US government is way over-leveraged, but I would not describe it as the MOST over-leveraged. There are other candidates in the running besides the Japanese. But given the position of the US$ in the world economy it is probably true that the over-leverage of the US govt will have the most serious consequences when something breaks.
im in the printing business.The quality of your graphs is missing,charts as well. If you can.t improve the quality of the images,at least enlarge them sum The quality of your content is A-!
I have complained about reading the graphs too, but did not think to try clicking on them to enlarge them. It works! Thanks!
Furthermore, after clicking them you can F11 to go full screen, and/or use the Zoom feature in the Chrome menu to blow up the graph to any size you want.
I loved them as well and saw them several times, mostly in So. Cal. I won't bore you with details, but one of the best concerts I've ever seen was at a Gala event at Dodgers Stadium that was shortly after C. McVie had returned to the band. The stage was set up in straightaway center field and we were in a relatively small crowd of about a thousand people watching from the outfield grass. There wasn't a bad seat that night and they were off the hook good. RIP Christine McVie.
DeSantis is about to release a book. Isn't that what they all do when they're planning to run for the presidency? Hopefully he will shed some light on this topic because they're hawking it as a "blue print" for how to get the country back on track.
(I just went big on PHYS again this morning after reading Dyson's report. It's all about gold, cash and short term T-Bills now baby.)
If you don't think a CBDC is bad, take a look at the Canadian truckers. This is not paranoia. In my opinion there is no help from above. Repubs now are so weak. The states are our only chance. For example WV said if the Feds try to impose unconstitutional gun control in WV they will be arrested and detained in WV jails. This I like.
They are currently talking about a gold standard in West Virginia as we speak. Digital currency would truly be the nail in the coffin of what remaining freedoms we have. I I am with you here. I think PG is missing the mark having said that I agree with everything he says, except for digital currencies And vaccine injuries . I am long, gold and energy and also.
I distinctly remember the Statists lecturing us critics of the Patriot Act that their beloved government would never abuse this additional power. The Statists claimed the critics were tin foil hat wearing conspiracy theorists. Well, we all know how that worked out. Welcome to the surveillance state :-) Now the Statists are again lecturing us critics of the CBDC claiming their beloved government would never abuse this additional power. Programmable money; what could possible go wrong :-) Your biggest enemy is not the government, its the Statists. The government needs their useful idiots and the Statists line up to fill that role. The government along with their Statist dullards are the antithesis of Liberty. Believe it or not; there's still many American's who do not enjoy bondage and chains. It really is that simple.
"the price action confirms the thesis behind our asset allocation strategy for 2022, namely that bonds are dog excrement."
Haha, right on.
Dan, your sentence “In this case, the price action confirms the thesis behind our asset allocation strategy for 2022, namely that bonds are dog excrement” brought to my mind Joseph Epstein’s tribute of 1995 to his friend Sam Lipman, who died in late 1994. Lipman was a classical pianist, an acerbic cultural critic, and publisher of the conservative arts journal “The New Criterion.”
In his tribute Epstein recalled walking one evening with Lipman in Washington, D. C. At the time both men were serving on the board of the National Endowment for the Arts. Epstein asked Sam whether he watched much television or many movies, to which Lipman responded: “I consider the movies and television ‘dogshit.’”
With each passing year I find it increasingly easy to substitute for Lipman’s “movies and television” the effusions of “smart money” pundits--you and your colleagues at BPR excluded, of course! The crankiness of old men sometimes deserves respect of the sort I gladly give to the fellow who managed to have engraved on his tombstone the epitaph “I told you I was sick.”
Dan excellent analysis again ... stay warm mate!
You wrote: It’s MY contention that the most over-leveraged borrower in the world is the US government.
More so than the Japanese government? I agree that the US government is way over-leveraged, but I would not describe it as the MOST over-leveraged. There are other candidates in the running besides the Japanese. But given the position of the US$ in the world economy it is probably true that the over-leverage of the US govt will have the most serious consequences when something breaks.
im in the printing business.The quality of your graphs is missing,charts as well. If you can.t improve the quality of the images,at least enlarge them sum The quality of your content is A-!
Mel Rakoncza sr
I think you can click on them and enlarge graphs and charts that way.
I have complained about reading the graphs too, but did not think to try clicking on them to enlarge them. It works! Thanks!
Furthermore, after clicking them you can F11 to go full screen, and/or use the Zoom feature in the Chrome menu to blow up the graph to any size you want.
I loved them as well and saw them several times, mostly in So. Cal. I won't bore you with details, but one of the best concerts I've ever seen was at a Gala event at Dodgers Stadium that was shortly after C. McVie had returned to the band. The stage was set up in straightaway center field and we were in a relatively small crowd of about a thousand people watching from the outfield grass. There wasn't a bad seat that night and they were off the hook good. RIP Christine McVie.
DeSantis is about to release a book. Isn't that what they all do when they're planning to run for the presidency? Hopefully he will shed some light on this topic because they're hawking it as a "blue print" for how to get the country back on track.
(I just went big on PHYS again this morning after reading Dyson's report. It's all about gold, cash and short term T-Bills now baby.)
If you don't think a CBDC is bad, take a look at the Canadian truckers. This is not paranoia. In my opinion there is no help from above. Repubs now are so weak. The states are our only chance. For example WV said if the Feds try to impose unconstitutional gun control in WV they will be arrested and detained in WV jails. This I like.
I am still laughing as I write this. Much agreed! They are disgusting.
Several States have also begun issuing Gold-backed State currency for local use.
This is one way we derail the coming tyranny of CBDC.
PG - I think you might need to look closer at CBDCs - they spell the true end of individual Freedom and should not be taken lightly IMO...
They are currently talking about a gold standard in West Virginia as we speak. Digital currency would truly be the nail in the coffin of what remaining freedoms we have. I I am with you here. I think PG is missing the mark having said that I agree with everything he says, except for digital currencies And vaccine injuries . I am long, gold and energy and also.