The real promise of gold is not just a rate cut or two...and not really ‘easier borrowing costs.’ Gold may be a good gamble now...but in the long run it is just a way not to lose money.
Starting in 1987, just before Black Monday, I have seen many cycles of the Boom and Bust( not completely).. in Gold; This cycle is Different in that Gold has another contender: Bitcoin. There are many who chose to own Bitcoin, drank the Kool-Aid and follow the Gospel of Michael Saylor; They even piggyback on the Luster of GOLD.. calling it .. Digital Gold!..; Inspite of all the Political backing Bitcoin has .. it is still Lagging the Performance of Gold… Which is a better investment? Or, should I say… Store of .. Value? Gold has a 5,000 Year Track Record and Bitcoin?.. 20 years? Time will Tell 🙏🎉🍁.. Confession,, I am a Believer in .. Gold✅
Yes Fazal. Life and success ultimately hinge on making the right choices. While there are countless paths to consider, it's the few carefully considered decisions that lead to true success. I was fortunate enough to get into crypto early, and continue to buy metals and property over the years with profits. If I held all my cryptos and didn’t buy hard assets, I would have a couple of hundred thousand more in fiat on paper, but absolutely sleep much better holding my coins. I still believe that crypto is the future, and know that precious metals will always be precious, so owning both is probably a better choice 😊
😂 Unless your definition of "performance" is different than mine, this claim is demonstrably ludicrous.
While Bitcoin was first mined in 2009, it didn't have a value in fiat currencies until 2010, when it was valued at around $.41 USD. In Jan. of 2010, gold had a value of approximately $1100.
Since then, the price of gold has risen to around $3800, while Bitcoin is currently around $114000.
It doesn't take a calculator to determine which has had the greater "performance" in the past 15 years.
Well … Not Quite ludicrous; Notice, I didn’t “cherry-picked “ a period for Gold performance as you correctly did for Bitcoin; If you take a look at Gold vs Bitcoin over the past year.. you may see that It is 13% vs 3.5 % in favor of …Drum Roll…Gold ✅🎉
Ah…. Long Before I Like Gold.. I worked with Gold, taking 24 Kt Gold and Alloy it Down to 12 , 15 and 18 Kt.. I am a 3rd Generation Goldsmith from.. Guyana .. I learned very early the importance of Cash-flow and Customer Service; and for the First 25 years in Canada 🇨🇦 I made my Living working as a Goldsmith, I met my wife of 45 Years in the Trade; I had a life long desire to Return to School and so at the Age of 36 I Made that a Reality and had a wonderful Career as a Broadcast Engineer . My company was at the forefront of the Analog—> Digital Transition, Then To HD TV etc. I retired just at the start of the Pandemic after 24 fruitful Yrs ..with just one Company✅🙌🍁
You certainly seem to have a long and interesting career! I have no background in gold but began to buy in 2011. Not the best year to buy but I think it still worked out.
Thanks!.. I f you are still in Gold then this time may turned out to be Better.. with Rising Inflation, a depreciating Dollar and falling Interest Rate.. Best wishes✅
Without doubt a bubble … and most probably the biggest ever … and like all bubbles it will burst … it’s only a question of time. And, time has also told us that gold is money …everything else is credit.
History will tell but I think Bitcoin compliments metals and I own both.
The main advantage of Bitcoin is salability over space. You could remember your 12 seed words and walk through the TSA's millimeter wave scanner without any electronic devices but with billions of dollars worth of Bitcoin and no one would ever know. You can send billions of dollars across the planet in minutes for about $10 USD without anyone's permission! Gold transfer requires insured couriers, large fees and permission of government or reliance on paper gold.
Bitcoin's stock to flow will eventually go towards infinity years as there are 21 million coins and the stock will actually decrease through time as people loose their coins forever through lost seed phrases. There can only be deflation with BTC. Gold has a finite but non zero flow rate.
Finally, I see BTC as the only thing short of violence that can stop the insanity of government and debt. It's much easier to confiscate your gold than your mind. Although I have no doubt that government will not go quietly into the night.
Explain how safe is BTC if the government can confiscate it. Do I have to buy a whole BTC or is it divisible? If it is divisible, how is it not infinite, just like a dollar and both fiat. Is it taxable? If so, how do I avoid penalties and jail if I don’t pay the taxes? Will there always be electricity when I need it? Will my mind always be with me so I can remember 12 words in the correct order? Maybe I’ll repeat 12 words endlessly at the nursing home, then I guess I will have really “lost it”. I just can’t believe the governments of the world will ever lose ultimate control of the People’s “money” and lose out on the taxation they now enjoy. If they can tax it, how can it be anonymous? I’ve read the largest amount of BTC owned by any government is owned by the US government and was confiscated, not bought. If these things I’ve brought up seem silly, how so? Please ease my mind about the purchase of bitcoin to hold. I see bitcoin as buying, paying taxes and selling to a greater fool in order to buy more precious metals or something else, not very much more.
For most Americans, during the past 70 years, the government was not a sugar daddy but a thief.
Before Bobby Kennedy Appalachian pity party and the civil rights marches, culminating in the Johnson Great Society: welfare, Medicare, and Medicaid, myriad programs, and excesses, you worked or starved and mostly people worked their way out of poverty. The middle class grew. Americans were upwardly mobile.
Socialism was an elite ploy to create an enduring growing underclass, a way to control votes. Now, they do it with immigrants.
They created an underclass and government redress to steal all the money. The fruit 10% own 80%.
You keep blaming the wrong people.
The whole government is corrupt. It is not a democracy. The people don’t rule.
Continuing the smoking analogy... it's easier not to start than it is to quit. Same with vote-buying, I mean deficit spending...Best always. PM
For the record: "forego" means to precede "forgo" means to forsake or avoid or do without. How to differentiate? In English the prefix "fore" equates to the German prefix "vor" and the English prefix "for" equates to the German "ver" vorgehen = precede and vergehen = forgo ("Vor" equates to the Latin "pro". )
In Economics it is the problem of Needs and Wants. Most people in the developed world spend most of their money on things that they want but do not need. We all need shelter, but no one really needs a 5,000 square foot home(unless you have enough kids to need 6 or more bedrooms). No one needs 3 cars in the driveway, 3 or 4 tvs……. ad infinitum. This sets up a global economy based on wants, which will always be a dubious enterprise, and, more importantly perhaps, the more expansive such a want based global economy gets the more fragile and unstable it becomes. This is obvious. What would happen if everyone on the planet stopped purchasing “wants” tomorrow, permanently? We have a gigantic and global advertising industry whose main job is to ensure this never happens and that the Want Balloon expands in perpetuity. It is most likely to be popped from the outside-in, meaning wants are not going to go away, however the objects of the wants are.
Brien, I had 5 kids, the oldest born in 1980 and the last born in 1987. When they were all driving, in school, and/or working, I had 10 cars on my driveway: one for each kid, one for me, one for the Mrs., and 3 spares which got cycled to everyone at one time or another. There had to be something for someone to drive while others were being worked on. The trend continues to this day. There are 5 vehicles right now on the lot, some running while others are being fixed. I'm always on the lookout for the next one to join the mix. I do most of my own work. The "newest" car I have is a 2006 Pontiac Torrent pushing 250,000. miles. There is also a 2005 Buick LaCrosse (150K), a 2000 Silverado (now on its 2nd engine and transmission), a 1996 Chevy Tahoe, and a 1996 Oldsmobile Ciera Wagon (awaiting a valve job, and I already have the heads and intake). I have only one TV if that makes you feel better about it, but I seldom get to watch anything, because I'm either on the driveway, in the shop, or at the parts house. By the way, I hate car payments as much as I hate capital gains taxes. And I hope you take this response in the way it is intended, true but funny as well. Best always. PM
Brian makes a good point. Always wanting is the root of mental distress. Wanting more than you need, an unending desire expanding infinitely is a spiritual disorder. It is the cause of starvation somewhere in the world.
Frugality brings financial independence.
“Less is more,” is a true saying. Freedom, real freedom, comes from less, “I ain’t got nothing but I’m free.”
It is a concept Solzhenitsyn’s learned in the gulags. The fear of loss is the greatest restraint on freedom. When they take everything away, it frees you, a new realization.
When you die, nothing goes with you.
“Seek first the Kingdom of God and all else will be granted.”
There is nothing wrong with money, it is the love of money and misplaced priorities that are the root of all evil.
Things will never make you happy.
Of course, few learn that lesson. That is why we have corruption and war.
The point is that an economy that is based on the purchase of things which are not fundamentally needs, the purchase of which could cease at any time, is by nature a fragile economy, the bigger the more fragile. I don’t care what your needs or wants are, and neither does anybody else other than the advertisers.
Modern marketing theory tells us there are only three basic wants and needs. Notice the word 'basic'. They are food,clothing and shelter. I realize this factoid leaves a lot of room for interpretation but it does present a place to start. It sure is fun to speculate as to where this endeavor leads our thinking. Our nation has decided we need a lot of things to make us happy. Good luck with that. You can smell the word debit in that statement. Marketing "stuff" to people who love" buy now,pay later " has us inundated in debit. I guess"just say no" isn't a bad idea but those marketing people will fight you every step of the way. The level of advertising today is a good example of how they are trying to get us to buy. I am totally sick of it and so are many others I talk with.My favorite pastime these days is to drive through the neighborhoods to see what's for sale on the front yards. I think that can tell us a lot. I have already said a lot so......happy trails you all.
I’m not talking about toilet paper. I’m talking about our material society. It’s rather obvious what I’m talking about. Amazon knows what I’m talking about. For them it’s quite personal
Apparently they let the old Bill Bonner out of the cellar to write an article or two. Love it.
Quick question and looking for "Deliverables" as the kids say:
Since we all agree Congress won't reduce spending, and apparently the Fed is powerless to do anything about it - where do you recommend we go from here? I get it - Maximum Safety Mode, buy PMs and select Equities, yada-yada.... but IS there a way to right the ship long-term 𝙞𝙣 𝙩𝙝𝙞𝙨 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩?
I'd LOVE to hear some REAL, actionable suggestions that actually have a chance of being implemented. C'mon Bill - give us something to harangue our "leaders" about that might lead to positive outcomes....
PS - Hmmmmmmm. Here's a temporary idea. Brilliant...
What ? Shut the Federal Government down, blastophmy... will be a cold day in the Sahara before a sustained government shutdown and reshuffle happens. Good suggestion though and can they schedule it a day after my SS check clears the bank?
Geez........chaos in the world and chaos in the Comments. What a world we currently inhabit. Everyone has an opinion and, unfortunately, everybody thinks they are ABSOLUTELY right and everybody else is an idiot. It is the 4th Turning and this is exactly what happens in every 4th Turning. The World goes into a huge crisis and here we are. For us peons, hoping the Government straightens itself out and/or does anything for us is pure lunacy. PURE! My recommendation - read Neil Howe's "The 4th Turning is Here!" (2023) which is an update to The 4th Turning (2009) by William Strauss (since passed) and Neil Howe.
Absolutely............everyone has an opinion and time will tell. Hopefully, most will be respectful allowing others to have their own views and opinions. 🙏
Note the simplicity of this BPR investment pattern – but note, too, Bill's detailed explanation of the effete rich machinations that make the TIMING of this pattern quite unpredictable.
Food and other reserves, living friendly and inconspicuous in a friendly place, and being debt-free are essential. Family unity is also a historic win-win, naturally discouraged by the effetes' opinion machine.
It seems that this mkt is running on two words, like Rockerfellar used (when asked why he kept trying to make more money), "Want More". Also, even good marriages seem to result from two words, "Yes Dear". Regretfully, for those who stay too long in this mkt (in "hot stocks") may end up wishing they had "Gold Stocks", when the crap hits the fan
This multi trillion debt started when? I know you know but why don't you have guts to print so? Why did the first dollar barrowed never got repaid? It was not Nixon, right?
On March 19, 1968, President Johnson signed a bill eliminating the “gold cover”
The post-1965 increase in Federal Reserve Note liability (i.e., dollars) paralleled the rapid increases in both the U.S. federal budget and the U.S. Federal budget deficit associated with President Johnson’s “guns and butter” policies, otherwise known as the “Great Society” and the Vietnam War.
LBJ’s focus on “guns and butter”, and his removal of the gold cover, ushered in a new paradigm in how the U.S. economy would be run.
Free market capitalism was “out”; government controlled “creditism” was in … and has ruled us, and the rest of the world, ever since.
Do you guys think that Cash Flow is King still rings true?
Could you summarize your "pyramid" --my term-- of financial security? Most secure stuff working from the bottom up to the most speculative/volatile, etc.? Thank you kindly for your insight.
Starting in 1987, just before Black Monday, I have seen many cycles of the Boom and Bust( not completely).. in Gold; This cycle is Different in that Gold has another contender: Bitcoin. There are many who chose to own Bitcoin, drank the Kool-Aid and follow the Gospel of Michael Saylor; They even piggyback on the Luster of GOLD.. calling it .. Digital Gold!..; Inspite of all the Political backing Bitcoin has .. it is still Lagging the Performance of Gold… Which is a better investment? Or, should I say… Store of .. Value? Gold has a 5,000 Year Track Record and Bitcoin?.. 20 years? Time will Tell 🙏🎉🍁.. Confession,, I am a Believer in .. Gold✅
Day-um, Fazal. We DO have some common ground.....
ditto
Yes Fazal. Life and success ultimately hinge on making the right choices. While there are countless paths to consider, it's the few carefully considered decisions that lead to true success. I was fortunate enough to get into crypto early, and continue to buy metals and property over the years with profits. If I held all my cryptos and didn’t buy hard assets, I would have a couple of hundred thousand more in fiat on paper, but absolutely sleep much better holding my coins. I still believe that crypto is the future, and know that precious metals will always be precious, so owning both is probably a better choice 😊
Best wishes in your .. conviction ✅🙌
My wishes have already come true 😊 and best wishes to you my friend 🙏
Ahhh.. That’s.. Remarkable ✅🎉.. I am contented, and I luv what I do .. it’s like my Hobby✅😎
"𝙄𝙣𝙨𝙥𝙞𝙩𝙚 𝙤𝙛 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙋𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙗𝙖𝙘𝙠𝙞𝙣𝙜 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙝𝙖𝙨 .. 𝙞𝙩 𝙞𝙨 𝙨𝙩𝙞𝙡𝙡 𝙇𝙖𝙜𝙜𝙞𝙣𝙜 𝙩𝙝𝙚 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙤𝙛 𝙂𝙤𝙡𝙙"
😂 Unless your definition of "performance" is different than mine, this claim is demonstrably ludicrous.
While Bitcoin was first mined in 2009, it didn't have a value in fiat currencies until 2010, when it was valued at around $.41 USD. In Jan. of 2010, gold had a value of approximately $1100.
Since then, the price of gold has risen to around $3800, while Bitcoin is currently around $114000.
It doesn't take a calculator to determine which has had the greater "performance" in the past 15 years.
Well … Not Quite ludicrous; Notice, I didn’t “cherry-picked “ a period for Gold performance as you correctly did for Bitcoin; If you take a look at Gold vs Bitcoin over the past year.. you may see that It is 13% vs 3.5 % in favor of …Drum Roll…Gold ✅🎉
You didn't specify ANY period in your OP. If singling out just one year isn't cherry-picking, then we disagree on that definition too.
Hi Mr. Sharif! Yes, I had an inkling that you did like gold! I am with you.
Ah…. Long Before I Like Gold.. I worked with Gold, taking 24 Kt Gold and Alloy it Down to 12 , 15 and 18 Kt.. I am a 3rd Generation Goldsmith from.. Guyana .. I learned very early the importance of Cash-flow and Customer Service; and for the First 25 years in Canada 🇨🇦 I made my Living working as a Goldsmith, I met my wife of 45 Years in the Trade; I had a life long desire to Return to School and so at the Age of 36 I Made that a Reality and had a wonderful Career as a Broadcast Engineer . My company was at the forefront of the Analog—> Digital Transition, Then To HD TV etc. I retired just at the start of the Pandemic after 24 fruitful Yrs ..with just one Company✅🙌🍁
You certainly seem to have a long and interesting career! I have no background in gold but began to buy in 2011. Not the best year to buy but I think it still worked out.
Thanks!.. I f you are still in Gold then this time may turned out to be Better.. with Rising Inflation, a depreciating Dollar and falling Interest Rate.. Best wishes✅
Bitcoin is digital fiat. That’s it!
‘……. Sorry Conic…. That’s Tautology….’ Sorry I missed it but it is set up for an uncertain future when this current bubble bursts.
By all accounts it’s the biggest bubble ……. Of all time. Regards.
Without doubt a bubble … and most probably the biggest ever … and like all bubbles it will burst … it’s only a question of time. And, time has also told us that gold is money …everything else is credit.
History will tell but I think Bitcoin compliments metals and I own both.
The main advantage of Bitcoin is salability over space. You could remember your 12 seed words and walk through the TSA's millimeter wave scanner without any electronic devices but with billions of dollars worth of Bitcoin and no one would ever know. You can send billions of dollars across the planet in minutes for about $10 USD without anyone's permission! Gold transfer requires insured couriers, large fees and permission of government or reliance on paper gold.
Bitcoin's stock to flow will eventually go towards infinity years as there are 21 million coins and the stock will actually decrease through time as people loose their coins forever through lost seed phrases. There can only be deflation with BTC. Gold has a finite but non zero flow rate.
Finally, I see BTC as the only thing short of violence that can stop the insanity of government and debt. It's much easier to confiscate your gold than your mind. Although I have no doubt that government will not go quietly into the night.
Explain how safe is BTC if the government can confiscate it. Do I have to buy a whole BTC or is it divisible? If it is divisible, how is it not infinite, just like a dollar and both fiat. Is it taxable? If so, how do I avoid penalties and jail if I don’t pay the taxes? Will there always be electricity when I need it? Will my mind always be with me so I can remember 12 words in the correct order? Maybe I’ll repeat 12 words endlessly at the nursing home, then I guess I will have really “lost it”. I just can’t believe the governments of the world will ever lose ultimate control of the People’s “money” and lose out on the taxation they now enjoy. If they can tax it, how can it be anonymous? I’ve read the largest amount of BTC owned by any government is owned by the US government and was confiscated, not bought. If these things I’ve brought up seem silly, how so? Please ease my mind about the purchase of bitcoin to hold. I see bitcoin as buying, paying taxes and selling to a greater fool in order to buy more precious metals or something else, not very much more.
For most Americans, during the past 70 years, the government was not a sugar daddy but a thief.
Before Bobby Kennedy Appalachian pity party and the civil rights marches, culminating in the Johnson Great Society: welfare, Medicare, and Medicaid, myriad programs, and excesses, you worked or starved and mostly people worked their way out of poverty. The middle class grew. Americans were upwardly mobile.
Socialism was an elite ploy to create an enduring growing underclass, a way to control votes. Now, they do it with immigrants.
They created an underclass and government redress to steal all the money. The fruit 10% own 80%.
You keep blaming the wrong people.
The whole government is corrupt. It is not a democracy. The people don’t rule.
It is a kleptocracy.
Continuing the smoking analogy... it's easier not to start than it is to quit. Same with vote-buying, I mean deficit spending...Best always. PM
For the record: "forego" means to precede "forgo" means to forsake or avoid or do without. How to differentiate? In English the prefix "fore" equates to the German prefix "vor" and the English prefix "for" equates to the German "ver" vorgehen = precede and vergehen = forgo ("Vor" equates to the Latin "pro". )
In Economics it is the problem of Needs and Wants. Most people in the developed world spend most of their money on things that they want but do not need. We all need shelter, but no one really needs a 5,000 square foot home(unless you have enough kids to need 6 or more bedrooms). No one needs 3 cars in the driveway, 3 or 4 tvs……. ad infinitum. This sets up a global economy based on wants, which will always be a dubious enterprise, and, more importantly perhaps, the more expansive such a want based global economy gets the more fragile and unstable it becomes. This is obvious. What would happen if everyone on the planet stopped purchasing “wants” tomorrow, permanently? We have a gigantic and global advertising industry whose main job is to ensure this never happens and that the Want Balloon expands in perpetuity. It is most likely to be popped from the outside-in, meaning wants are not going to go away, however the objects of the wants are.
Brien, I had 5 kids, the oldest born in 1980 and the last born in 1987. When they were all driving, in school, and/or working, I had 10 cars on my driveway: one for each kid, one for me, one for the Mrs., and 3 spares which got cycled to everyone at one time or another. There had to be something for someone to drive while others were being worked on. The trend continues to this day. There are 5 vehicles right now on the lot, some running while others are being fixed. I'm always on the lookout for the next one to join the mix. I do most of my own work. The "newest" car I have is a 2006 Pontiac Torrent pushing 250,000. miles. There is also a 2005 Buick LaCrosse (150K), a 2000 Silverado (now on its 2nd engine and transmission), a 1996 Chevy Tahoe, and a 1996 Oldsmobile Ciera Wagon (awaiting a valve job, and I already have the heads and intake). I have only one TV if that makes you feel better about it, but I seldom get to watch anything, because I'm either on the driveway, in the shop, or at the parts house. By the way, I hate car payments as much as I hate capital gains taxes. And I hope you take this response in the way it is intended, true but funny as well. Best always. PM
Brian makes a good point. Always wanting is the root of mental distress. Wanting more than you need, an unending desire expanding infinitely is a spiritual disorder. It is the cause of starvation somewhere in the world.
Frugality brings financial independence.
“Less is more,” is a true saying. Freedom, real freedom, comes from less, “I ain’t got nothing but I’m free.”
It is a concept Solzhenitsyn’s learned in the gulags. The fear of loss is the greatest restraint on freedom. When they take everything away, it frees you, a new realization.
When you die, nothing goes with you.
“Seek first the Kingdom of God and all else will be granted.”
There is nothing wrong with money, it is the love of money and misplaced priorities that are the root of all evil.
Things will never make you happy.
Of course, few learn that lesson. That is why we have corruption and war.
It is what “Walden Pond” is about.
..."wants" are subjective.
Who are you to determine what my needs are?
Your rant sounds communal to me...
The point is that an economy that is based on the purchase of things which are not fundamentally needs, the purchase of which could cease at any time, is by nature a fragile economy, the bigger the more fragile. I don’t care what your needs or wants are, and neither does anybody else other than the advertisers.
What you might determine is a "want" for me, I may decide is a "need".
So long as there is "demand", there will be needs and wants.
A fragile economy would not be measured by what is offered, rather what is not.
Prior to 1857 no one thought toilet paper was a "need".
Modern marketing theory tells us there are only three basic wants and needs. Notice the word 'basic'. They are food,clothing and shelter. I realize this factoid leaves a lot of room for interpretation but it does present a place to start. It sure is fun to speculate as to where this endeavor leads our thinking. Our nation has decided we need a lot of things to make us happy. Good luck with that. You can smell the word debit in that statement. Marketing "stuff" to people who love" buy now,pay later " has us inundated in debit. I guess"just say no" isn't a bad idea but those marketing people will fight you every step of the way. The level of advertising today is a good example of how they are trying to get us to buy. I am totally sick of it and so are many others I talk with.My favorite pastime these days is to drive through the neighborhoods to see what's for sale on the front yards. I think that can tell us a lot. I have already said a lot so......happy trails you all.
... you label it "modern marketing", my word for it is "propagation".
Every "want and need" in society is propagated and duly influenced by media, everything!
Food, politics, religion, attire, expenditures, entertainment...
Media's motivation is $$$
-
For those that perceive "society" is a mess; Media is culpable.
The rest?
They mind the media...
-
Wants and needs depend upon the circumstance.
What we don't want and need is authority telling us so...
You tube William Cobbett
I’m not talking about toilet paper. I’m talking about our material society. It’s rather obvious what I’m talking about. Amazon knows what I’m talking about. For them it’s quite personal
...I am not focused on toilet paper either, my point is that what you deem insignificant, others may deem vital.
As with toilet paper, how would you know if you never used it?
I don't appreciate others determining my wants from my needs.
That is communism.
Apparently they let the old Bill Bonner out of the cellar to write an article or two. Love it.
Quick question and looking for "Deliverables" as the kids say:
Since we all agree Congress won't reduce spending, and apparently the Fed is powerless to do anything about it - where do you recommend we go from here? I get it - Maximum Safety Mode, buy PMs and select Equities, yada-yada.... but IS there a way to right the ship long-term 𝙞𝙣 𝙩𝙝𝙞𝙨 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩?
I'd LOVE to hear some REAL, actionable suggestions that actually have a chance of being implemented. C'mon Bill - give us something to harangue our "leaders" about that might lead to positive outcomes....
PS - Hmmmmmmm. Here's a temporary idea. Brilliant...
https://x.com/profstonge/status/1972624902378107214?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1972624902378107214%7Ctwgr%5E2b3d682c5a4c3cc46725d6762984e3864295f629%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fchoiceclips.whatfinger.com%2F2025%2F09%2F29%2Ftrumps-masterstroke-why-the-government-shutdown-is-essential-to-drain-the-swamp-and-reshape-dc-in-days-democrats-in-full-panic-mode%2F
What ? Shut the Federal Government down, blastophmy... will be a cold day in the Sahara before a sustained government shutdown and reshuffle happens. Good suggestion though and can they schedule it a day after my SS check clears the bank?
St. Onge is brilliant, love the guy.
Geez........chaos in the world and chaos in the Comments. What a world we currently inhabit. Everyone has an opinion and, unfortunately, everybody thinks they are ABSOLUTELY right and everybody else is an idiot. It is the 4th Turning and this is exactly what happens in every 4th Turning. The World goes into a huge crisis and here we are. For us peons, hoping the Government straightens itself out and/or does anything for us is pure lunacy. PURE! My recommendation - read Neil Howe's "The 4th Turning is Here!" (2023) which is an update to The 4th Turning (2009) by William Strauss (since passed) and Neil Howe.
Hmmmm. I have it on Good Authority that there are some (many?) here that think I am "right" - and that I am an "idiot."
Quite the conundrum Ol' Man.....
;)
Absolutely............everyone has an opinion and time will tell. Hopefully, most will be respectful allowing others to have their own views and opinions. 🙏
I think you and StarboardEdge are both right
Note the simplicity of this BPR investment pattern – but note, too, Bill's detailed explanation of the effete rich machinations that make the TIMING of this pattern quite unpredictable.
Food and other reserves, living friendly and inconspicuous in a friendly place, and being debt-free are essential. Family unity is also a historic win-win, naturally discouraged by the effetes' opinion machine.
When expenses exceeds revenue and you borrow from Peter to pay Paul eventually you run out of Pauls. It is the road to ruin.
It seems that this mkt is running on two words, like Rockerfellar used (when asked why he kept trying to make more money), "Want More". Also, even good marriages seem to result from two words, "Yes Dear". Regretfully, for those who stay too long in this mkt (in "hot stocks") may end up wishing they had "Gold Stocks", when the crap hits the fan
This multi trillion debt started when? I know you know but why don't you have guts to print so? Why did the first dollar barrowed never got repaid? It was not Nixon, right?
Chicken!
Leonard Hartman
On March 19, 1968, President Johnson signed a bill eliminating the “gold cover”
The post-1965 increase in Federal Reserve Note liability (i.e., dollars) paralleled the rapid increases in both the U.S. federal budget and the U.S. Federal budget deficit associated with President Johnson’s “guns and butter” policies, otherwise known as the “Great Society” and the Vietnam War.
LBJ’s focus on “guns and butter”, and his removal of the gold cover, ushered in a new paradigm in how the U.S. economy would be run.
Free market capitalism was “out”; government controlled “creditism” was in … and has ruled us, and the rest of the world, ever since.
Ask yourself why it takes $3.70 in credit today to generate $1 of GDP, but it took only 26¢ in credit to generate $1 of GDP before fiat money.
Which is why it's better to hang out at the beach with a very cold adult beverage than trying to generate $1 of GDP!
...unfortunately them adult beverages are "verboten" on most California beaches, the ensuing fine will however contribute to the GDP.
I take it that You know the answers to Your questions. Am I correct in My thinking?
Do you guys think that Cash Flow is King still rings true?
Could you summarize your "pyramid" --my term-- of financial security? Most secure stuff working from the bottom up to the most speculative/volatile, etc.? Thank you kindly for your insight.