Everyone with any brains at all must be able to see that the costs always end up on the least expert, least informed, least protected group in the country — the public.
While I disagree on many things you write, I agree with you about the general public’s ignorance on who ends up paying for government spending. One thing you forget to mention (If I read correctly from the Heritage Foundation), Trump plans to get rid of the department of education (have the States handle it), rid the department of energy and some other worthless departments. I hope this does happen because the only way to save the country from bankruptcy is to cut spending. AP
Bonner's main point that government spending must be reduced is valid and the only way out of this mess. But his conclusion, "It's a scam. And they’re both in on it" glosses over some important details. You can take it to the bank that Harris (and her predecessor, Biden) have NO (zero, nada) valid free-market ideas in terms of getting our economy to grow and/or reducing the government. While Trump is far from perfect in this area, he is a pro-energy, pro-production (including deregulation) candidate who hopefully has learned from some of his mistakes in his first term (e.g., stimulus payments as one example). It is egregious that Bonner ignores this.
While, in general, I am no fan of tariffs, Trump has stated he uses tariffs in order to get other countries to eliminate their tariffs against American goods. On the other hand, as far as tariffs against China, a country that steals intellectual property, supplies the pipeline for fentanyl that kills Americans, and is building up its military (to identify a few bad actions), I have no problems even if it is a tax on Americans to some extent. While I am a free-market advocate, free-markets reside in a certain context - a world populated with nations that respect individual rights. China is not that by a long shot. We should not be enriching a country that doesn't respect the rights of its own citizens because it surely won't respect ours.
"China supplies the pipeline for fentanyl that kills Americans" Well I never would have thought it possible. The Americans who kill themselves with fentanyl do so because they are either stupid or have a death wish. Blaming China is like blaming Glock for providing a neat pistol and Remington for a bullet to do the same.
Well, no it isn't. People buy guns for all sorts of reasons including self-defense. My understanding is that there are those who believe they are taking something else and die because it is laced with fentanyl. Otherwise, for those that play around with drugs, I do not have a lot of sympathy (depending on the actual details of the situation).
Recall the opium epidemic / opium wars in China. Great Britain neutered a whole nation by getting them high. The chinese have a good long memory. Don't worry about the bullet.Worry about the pill and the bong. Especially those who use the while teaching the next generation.
Could you provide a list of the countries that protect individual rights? In Britain they are jailing people for comments on social media. The US just went through the COVID campaign of forced lock downs and experimental mRNA vaccine mandates. Speaking of fentanyl, the owners of Perdue Pharmacy are still on the loose and rich even though they helped start a drug epidemic. Helps to have political connections.
Well, I don't disagree with you. There are exceptions everywhere in every country including the USA. My intent was to write a quick comment, not a book. Europe has been sliding into a socialist/fascist pigsty for many decades under the influence of often exalted but gibberish-spewing philosophers championing collectivist ideas. We, in America, are not far behind with the Democrats becoming the party of what I refer to as the Progressive Fascist Nihilist movement. If this trend keeps up, there won't be much of a difference between us and the China/Russia/Iran axis. Right now, there still is. At least here in America, we have a free press, even though it is a corrupt press that carries water for the progressives. It is dangerously close to not being a free press. You can't say the same about China, Russia, Iran, North Korea, etc. There is no criticism of the government allowed.
The press is free here to write whatever the government and their owners tell them. Great example: the experimental mRNA vaccine. The press and media parroted the CDC's safe and effective line, even though the Pfizer purchaser agreement stated that the long term effects and efficacy were not currently known. The press and media refused to acknowledge scientists who believed the vaccine had not been tested sufficiently and were potentially dangerous. This is not a free press. The vast majority of journalists are government public relation agents.
Anyone with half a brain knows that the mainstream media is in the tank for the progressives who are now the establishment. They were educated in a progressive government school system and support and endorse progressive ideas freely. I acknowledged that above in my reply to you. But there were other news outlets that were and have been speaking out against, or at least questioning, the efficacy of the mRNA vaccine. And yes, there seems to be some instances where the government was using some coercion to get the media (social and otherwise) to censor certain viewpoints, like on the former Twitter and Facebook. Twitter is now X - right? Did you miss that? I have the same gripes that you do, I just don't lump them in together and ignore the part of the media that are doing a responsible job. That's why I made the distinction that while our press is predominately free, major parts of it are also corrupt. Two different things. The responsible media/press might be in the minority, but in China, Russia etc., they don't exist.
We have to agree to disagree. I did not see one mainstream report on the possible dangers of a warp speed vaccine. The mainstream media were cheerleaders for Big Pharma. Even now when it is evident that the vaccine is ineffective (Fauci - 6 vaccines and 3 cases of COVID) no apologies have been issued. It's the same thing that happened with Iraq and WMDs. I am not concerned about freedom of press in other countries while our mainstream media is just the propaganda arm of our government.
When I was a kid (I'm 72), Democrats and Republicans agreed on the basic premise of the USA: individual rights and liberty. Starting in 1964 with the Civil Rights Act, we chose to pursue outcome over liberty. For that we needed BIG government. That was the turning point, and now, it's our reality.
We conservative, traditional-values Americans are experiencing our own living, breathing Stalingrad. The tables turned, and there is no rescue. Best always. PM
Mr. Gallien, I agree. And I thought Bill would come hard at VP Harris over the price controls craziness, but he barely mentions it while railing against Pres. Trump on one issue. Then tries again to do another apples-to-apples comparison, which is nonsense. Very strange.
I agree. Bonner's attitude towards Trump is very strange. He absolutely cannot acknowledge anything Trump did right. I have often written that there is still much to criticize about Trump, but if you are going to do that, you have to acknowledge his good policies also.
JPG::Since BB doesn’t acknowledge all the wonderful things Trump has done for America why don’t you? You might want to also include all things he didn’t do. But I won’t hold my breath while waiting.
Well, Mr. Bonner if It's a scam, then the "government" is in on it, is more likely the case.
And how would one propose that a government is The Scam?
And if a government has precedence over All, wouldn't it make sense to leverage that position to start with?
There's two distinct differences between Biden & Trump. America knows that distinction. We're not All idiots.
And this is one opportunity where history is actually repeating itself.
America cannot compete with India or China in terms of outsourcing or production - of both. And if you remember correctly, the solution was bring it all back home.
Sounds expensive I know. But a penny, is a penny, and the price of goods should actually be more related to the average income. Remember, we're not talking apple's for Chinese cherries anymore. Screw international trade agreements. This nation is ripe with resources and surely we can due without imported Russian caviar for a few decades too; for example. ;-)
Yeah, now that I reread your reply, David. I got the snarky part there at the end.
Just throwing probability ideas around because the time is now, or never or perhaps a very, VERY long time, if there's ever another opportunity to "get a foot in" as they say.
Maybe I'm missing something in your logic. Trump's tariffs were designed to tax imported goods to both stop the dumping of subsidized goods in the US and to level the playing field for US manufacturers who must observe labor standards and environmental regulations not imposed worldwide. I would argue that when US manufacturers make and sell more of their products their profits rise and they pay more US income taxes. They also hire more US employees who end up adding to the GDP and paying more income taxes. When foreign nations, that do not observe our labor standards or environmental regulations, dump more of their low-cost products in the US they don't pay US income taxes, and they don't hire US employees.
An example of this situation is the dumping of Chinese steel in the US by shipping it through Mexico to avoid the US tariffs on Chinese made steel. US Steel manufacturing is suffering from this and steel making is an industry we need for both economic and national defense purposes.
There are several ways to level the playing field for US manufacturers. Tariffs is one way but better protections against intellectual property theft, regulatory reform and tax incentives for R&D and technical innovation are also ways to support and grow US manufacturing.
Indubitably. And if you're interested I can prove that we CAN refine steel without the use of fossil fuels. So, there's no argument for the tree hugging types that metal refined in the US would contribute to so-called global warming.
It would be better if the two-headed, twin-winged monster of the Uniparty would stop rearing its ugly head and instead stick its ugly head up its rear.
Great Britain is a wonderful example of what happens when a government continually ignores the most important concerns of its constituents. I'm certain the USSA can outdo the Brits :-)
I think we can see by some of the comments here why changing direction in America (or any country) is impossible. Instead of saying “made in America” we could say “ increase my costs by 30%” or more specifically “lower my standard of living even further”. The biggest error I have made in macro analysis is believing that the US would shun “protectionist” policies in the early 2000’s because their philosophies had mostly oriented themselves around active capitalism…It is truly horrific to see the implosion of that culture and the scourge of Wokeism destroying any vitality the US used to have.
This train has no brakes. We plebes can keep tossing this ball round ‘n round ‘til we are in the ground; we’ll change nothing. I’ll have another coffee please.
…there is a (figure of speech) train that has brakes that allow it to slow down just enough at the Yellowstone Train Station for the one-way ticketed passenger to disembark…
Yes brother, we are all passengers on this derailed train. Trump can slow it, but the dark deep state will do everything in its powers to continue the coarse. I am interested to see how this insane democrat cult will act in the third world shithole, Chicago. The demented smell free stuff in all the surrounding stores, and since it’s considered a new right to steal and loot if you’re a leftist, this freak show should be entertaining at least 🤔
Turn too Australia for experience in it's $25000 home owner Grant, that's where Harris got the idea. We've been doing it for years. Here it is cynically referred to as the first home sellers Grant. All it does of course, is drive up the price of new homes but $25k.
Free markets is an ideal that is never completed. I agree with tariffs if they are combating other countries sending us their own government subsidized junk. Case in point, my LG dishwasher purchased earlier this year. It’s Chinese junk, or at least most every underlying component it built in China. It’s already breaking down, flashing its stupid digital screen on and off, not draining the water, etc. total junk. What’s the point in buying things that are almost entirely made in China? Lower cost? It’s not lower cost to me when I have to replace this $600 machine every year. I’m ready to go out in my shop and build up a wood drying rack for the counter next to the sink and toss this junk into the pond for artificial structure for the fish. Free market solution.
I agree. I believe that LG is a South Korean company. Even they're giving their secrets to China. And for the record, one reason things are so cheap
Is the to energy standardes required by the rest of the world. Efficient is light and short lived. If you've been following this site, you'll understand that perfectly good large Container ships are being scrapped because they don't meet the green agenda standards. No carbon footprint there!
FD: Don’t feel too bad; I bought a refrigerator made by Samsung which was made inSouth Korea. Had it one week and it wouldn’t freeze food. Took a month to get it fixed. They kept giving me the run-around.
What comes first; Statism or Economic Degeneracy? I don't profess to know the answer. I do know that I've yet to meet an economically literate Statist :-) One things for sure. If government schools taught real economics we wouldn't be staring down the barrel of a 44 (i.e. $35 Trillion in Debt). Most of us here understand this is all by design. Whatever you do, don't criticize the Regime as its now Hate Speech :-)
If we are on a path to deglobalization, as I think we are, then we will be making more of our goods and services onshore, and they will cost more. At the same time, wage stagnation should end with an increase in productivity. However, since we have been exporting inflation to geographic regions with low-wage third-world workers for decades, it stands to reason we will have higher prices in the US in the opposite.
Competing with countries that pay $3 hour may be the reason so many towns and cities are dead or dying in a race for the cheapest goods. Surely a more level playing field would have had some benefits. How have cheap 80" televisions and cheaper mobile phones really improved society? Some sort of barrier to unfair competition may have saved American jobs and livelihoods. ]And Australian] Society is for those that live in it, surely?
One thing never changes for the majority of the public. as described by one phrase. "You can pay me now or pay me later, but you are going to pay". The eventual result of the public ending up with nothing is replete with historical examples. One of the best examples is the French revolution and the King and Queen. It's kind of hard to enjoy the power and wealth you've accumulated, without your head. In the meantime, the people deserve what they get by voting for the politicians that promise them the most.
I don’t think this is Shakespeare, “Turnabout is fair play.” Seems useful in this context:
"When the people fear the government, there is tyranny. When government fears the people, there is liberty." — 3rd POTUS Thomas Jefferson
Something is going to break; government can pay now or pay later, but payday will come.
This is a sobering look into the future: “The Next Crash will Force the Fed to Print $20 Trillion” webcast on Palisades Gold Radio channel w/ guest David Hunter (15 August 2024)
Bill:
While I disagree on many things you write, I agree with you about the general public’s ignorance on who ends up paying for government spending. One thing you forget to mention (If I read correctly from the Heritage Foundation), Trump plans to get rid of the department of education (have the States handle it), rid the department of energy and some other worthless departments. I hope this does happen because the only way to save the country from bankruptcy is to cut spending. AP
Bonner's main point that government spending must be reduced is valid and the only way out of this mess. But his conclusion, "It's a scam. And they’re both in on it" glosses over some important details. You can take it to the bank that Harris (and her predecessor, Biden) have NO (zero, nada) valid free-market ideas in terms of getting our economy to grow and/or reducing the government. While Trump is far from perfect in this area, he is a pro-energy, pro-production (including deregulation) candidate who hopefully has learned from some of his mistakes in his first term (e.g., stimulus payments as one example). It is egregious that Bonner ignores this.
While, in general, I am no fan of tariffs, Trump has stated he uses tariffs in order to get other countries to eliminate their tariffs against American goods. On the other hand, as far as tariffs against China, a country that steals intellectual property, supplies the pipeline for fentanyl that kills Americans, and is building up its military (to identify a few bad actions), I have no problems even if it is a tax on Americans to some extent. While I am a free-market advocate, free-markets reside in a certain context - a world populated with nations that respect individual rights. China is not that by a long shot. We should not be enriching a country that doesn't respect the rights of its own citizens because it surely won't respect ours.
"China supplies the pipeline for fentanyl that kills Americans" Well I never would have thought it possible. The Americans who kill themselves with fentanyl do so because they are either stupid or have a death wish. Blaming China is like blaming Glock for providing a neat pistol and Remington for a bullet to do the same.
Well, no it isn't. People buy guns for all sorts of reasons including self-defense. My understanding is that there are those who believe they are taking something else and die because it is laced with fentanyl. Otherwise, for those that play around with drugs, I do not have a lot of sympathy (depending on the actual details of the situation).
Do you
Recall the opium epidemic / opium wars in China. Great Britain neutered a whole nation by getting them high. The chinese have a good long memory. Don't worry about the bullet.Worry about the pill and the bong. Especially those who use the while teaching the next generation.
Sorry, I forgot to add a shoutout to Hunter Biden and his sister in law. Remember the crack pipe too!
There were 7 countries involved in forcing China to to take the opium.
Could you provide a list of the countries that protect individual rights? In Britain they are jailing people for comments on social media. The US just went through the COVID campaign of forced lock downs and experimental mRNA vaccine mandates. Speaking of fentanyl, the owners of Perdue Pharmacy are still on the loose and rich even though they helped start a drug epidemic. Helps to have political connections.
Well, I don't disagree with you. There are exceptions everywhere in every country including the USA. My intent was to write a quick comment, not a book. Europe has been sliding into a socialist/fascist pigsty for many decades under the influence of often exalted but gibberish-spewing philosophers championing collectivist ideas. We, in America, are not far behind with the Democrats becoming the party of what I refer to as the Progressive Fascist Nihilist movement. If this trend keeps up, there won't be much of a difference between us and the China/Russia/Iran axis. Right now, there still is. At least here in America, we have a free press, even though it is a corrupt press that carries water for the progressives. It is dangerously close to not being a free press. You can't say the same about China, Russia, Iran, North Korea, etc. There is no criticism of the government allowed.
The press is free here to write whatever the government and their owners tell them. Great example: the experimental mRNA vaccine. The press and media parroted the CDC's safe and effective line, even though the Pfizer purchaser agreement stated that the long term effects and efficacy were not currently known. The press and media refused to acknowledge scientists who believed the vaccine had not been tested sufficiently and were potentially dangerous. This is not a free press. The vast majority of journalists are government public relation agents.
Anyone with half a brain knows that the mainstream media is in the tank for the progressives who are now the establishment. They were educated in a progressive government school system and support and endorse progressive ideas freely. I acknowledged that above in my reply to you. But there were other news outlets that were and have been speaking out against, or at least questioning, the efficacy of the mRNA vaccine. And yes, there seems to be some instances where the government was using some coercion to get the media (social and otherwise) to censor certain viewpoints, like on the former Twitter and Facebook. Twitter is now X - right? Did you miss that? I have the same gripes that you do, I just don't lump them in together and ignore the part of the media that are doing a responsible job. That's why I made the distinction that while our press is predominately free, major parts of it are also corrupt. Two different things. The responsible media/press might be in the minority, but in China, Russia etc., they don't exist.
We have to agree to disagree. I did not see one mainstream report on the possible dangers of a warp speed vaccine. The mainstream media were cheerleaders for Big Pharma. Even now when it is evident that the vaccine is ineffective (Fauci - 6 vaccines and 3 cases of COVID) no apologies have been issued. It's the same thing that happened with Iraq and WMDs. I am not concerned about freedom of press in other countries while our mainstream media is just the propaganda arm of our government.
When I was a kid (I'm 72), Democrats and Republicans agreed on the basic premise of the USA: individual rights and liberty. Starting in 1964 with the Civil Rights Act, we chose to pursue outcome over liberty. For that we needed BIG government. That was the turning point, and now, it's our reality.
We conservative, traditional-values Americans are experiencing our own living, breathing Stalingrad. The tables turned, and there is no rescue. Best always. PM
Mr. Gallien, I agree. And I thought Bill would come hard at VP Harris over the price controls craziness, but he barely mentions it while railing against Pres. Trump on one issue. Then tries again to do another apples-to-apples comparison, which is nonsense. Very strange.
I agree. Bonner's attitude towards Trump is very strange. He absolutely cannot acknowledge anything Trump did right. I have often written that there is still much to criticize about Trump, but if you are going to do that, you have to acknowledge his good policies also.
JPG::Since BB doesn’t acknowledge all the wonderful things Trump has done for America why don’t you? You might want to also include all things he didn’t do. But I won’t hold my breath while waiting.
"It’s a scam. And they’re both in on it"
Well, Mr. Bonner if It's a scam, then the "government" is in on it, is more likely the case.
And how would one propose that a government is The Scam?
And if a government has precedence over All, wouldn't it make sense to leverage that position to start with?
There's two distinct differences between Biden & Trump. America knows that distinction. We're not All idiots.
And this is one opportunity where history is actually repeating itself.
America cannot compete with India or China in terms of outsourcing or production - of both. And if you remember correctly, the solution was bring it all back home.
MADE IN THE U.S.A. - end of story.
Made the USA is great, it's the selling part that can prove to be fatal.
Sounds expensive I know. But a penny, is a penny, and the price of goods should actually be more related to the average income. Remember, we're not talking apple's for Chinese cherries anymore. Screw international trade agreements. This nation is ripe with resources and surely we can due without imported Russian caviar for a few decades too; for example. ;-)
Yeah, now that I reread your reply, David. I got the snarky part there at the end.
Just throwing probability ideas around because the time is now, or never or perhaps a very, VERY long time, if there's ever another opportunity to "get a foot in" as they say.
We're working on it.
Maybe I'm missing something in your logic. Trump's tariffs were designed to tax imported goods to both stop the dumping of subsidized goods in the US and to level the playing field for US manufacturers who must observe labor standards and environmental regulations not imposed worldwide. I would argue that when US manufacturers make and sell more of their products their profits rise and they pay more US income taxes. They also hire more US employees who end up adding to the GDP and paying more income taxes. When foreign nations, that do not observe our labor standards or environmental regulations, dump more of their low-cost products in the US they don't pay US income taxes, and they don't hire US employees.
An example of this situation is the dumping of Chinese steel in the US by shipping it through Mexico to avoid the US tariffs on Chinese made steel. US Steel manufacturing is suffering from this and steel making is an industry we need for both economic and national defense purposes.
There are several ways to level the playing field for US manufacturers. Tariffs is one way but better protections against intellectual property theft, regulatory reform and tax incentives for R&D and technical innovation are also ways to support and grow US manufacturing.
Indubitably. And if you're interested I can prove that we CAN refine steel without the use of fossil fuels. So, there's no argument for the tree hugging types that metal refined in the US would contribute to so-called global warming.
https://investors.heliogen.com/overview/default.aspx
* indubitably*
Sorry but I wore-out *Precisely* and so, I went with that...
It would be better if the two-headed, twin-winged monster of the Uniparty would stop rearing its ugly head and instead stick its ugly head up its rear.
Great Britain is a wonderful example of what happens when a government continually ignores the most important concerns of its constituents. I'm certain the USSA can outdo the Brits :-)
I think we can see by some of the comments here why changing direction in America (or any country) is impossible. Instead of saying “made in America” we could say “ increase my costs by 30%” or more specifically “lower my standard of living even further”. The biggest error I have made in macro analysis is believing that the US would shun “protectionist” policies in the early 2000’s because their philosophies had mostly oriented themselves around active capitalism…It is truly horrific to see the implosion of that culture and the scourge of Wokeism destroying any vitality the US used to have.
This train has no brakes. We plebes can keep tossing this ball round ‘n round ‘til we are in the ground; we’ll change nothing. I’ll have another coffee please.
I will join you right now with a ☕️ cuppa rKf :)
…there is a (figure of speech) train that has brakes that allow it to slow down just enough at the Yellowstone Train Station for the one-way ticketed passenger to disembark…
Yes brother, we are all passengers on this derailed train. Trump can slow it, but the dark deep state will do everything in its powers to continue the coarse. I am interested to see how this insane democrat cult will act in the third world shithole, Chicago. The demented smell free stuff in all the surrounding stores, and since it’s considered a new right to steal and loot if you’re a leftist, this freak show should be entertaining at least 🤔
SL: How sad you are!
Gone Fishin’, Black Rifle or Bulletproof? I have both.
Turn too Australia for experience in it's $25000 home owner Grant, that's where Harris got the idea. We've been doing it for years. Here it is cynically referred to as the first home sellers Grant. All it does of course, is drive up the price of new homes but $25k.
Dead right David. Every time.
Increases demand to. Prices go up more.
Bank piles in loan with incremental interest on the new owner.
Free markets is an ideal that is never completed. I agree with tariffs if they are combating other countries sending us their own government subsidized junk. Case in point, my LG dishwasher purchased earlier this year. It’s Chinese junk, or at least most every underlying component it built in China. It’s already breaking down, flashing its stupid digital screen on and off, not draining the water, etc. total junk. What’s the point in buying things that are almost entirely made in China? Lower cost? It’s not lower cost to me when I have to replace this $600 machine every year. I’m ready to go out in my shop and build up a wood drying rack for the counter next to the sink and toss this junk into the pond for artificial structure for the fish. Free market solution.
I agree. I believe that LG is a South Korean company. Even they're giving their secrets to China. And for the record, one reason things are so cheap
Is the to energy standardes required by the rest of the world. Efficient is light and short lived. If you've been following this site, you'll understand that perfectly good large Container ships are being scrapped because they don't meet the green agenda standards. No carbon footprint there!
LG is an acronym for the previous brands Lucky, and Goldstar which were merged.
This info came from a South Korean salesperson, in a Harvey Norman store in OZ , formally known as Australia.
And I too have had mixed results with both LG and Samsung, but at least they did replace them at no cost to me.
Maybe all the woke peoples could live in these Container Ships. in the middle of the Atlantic Ocean.
FD: Don’t feel too bad; I bought a refrigerator made by Samsung which was made inSouth Korea. Had it one week and it wouldn’t freeze food. Took a month to get it fixed. They kept giving me the run-around.
Sounds like my Made in America Mercury outboard throttle.
What comes first; Statism or Economic Degeneracy? I don't profess to know the answer. I do know that I've yet to meet an economically literate Statist :-) One things for sure. If government schools taught real economics we wouldn't be staring down the barrel of a 44 (i.e. $35 Trillion in Debt). Most of us here understand this is all by design. Whatever you do, don't criticize the Regime as its now Hate Speech :-)
Seems like a pretty succinct explanation.
If we are on a path to deglobalization, as I think we are, then we will be making more of our goods and services onshore, and they will cost more. At the same time, wage stagnation should end with an increase in productivity. However, since we have been exporting inflation to geographic regions with low-wage third-world workers for decades, it stands to reason we will have higher prices in the US in the opposite.
Competing with countries that pay $3 hour may be the reason so many towns and cities are dead or dying in a race for the cheapest goods. Surely a more level playing field would have had some benefits. How have cheap 80" televisions and cheaper mobile phones really improved society? Some sort of barrier to unfair competition may have saved American jobs and livelihoods. ]And Australian] Society is for those that live in it, surely?
One thing never changes for the majority of the public. as described by one phrase. "You can pay me now or pay me later, but you are going to pay". The eventual result of the public ending up with nothing is replete with historical examples. One of the best examples is the French revolution and the King and Queen. It's kind of hard to enjoy the power and wealth you've accumulated, without your head. In the meantime, the people deserve what they get by voting for the politicians that promise them the most.
I don’t think this is Shakespeare, “Turnabout is fair play.” Seems useful in this context:
"When the people fear the government, there is tyranny. When government fears the people, there is liberty." — 3rd POTUS Thomas Jefferson
Something is going to break; government can pay now or pay later, but payday will come.
This is a sobering look into the future: “The Next Crash will Force the Fed to Print $20 Trillion” webcast on Palisades Gold Radio channel w/ guest David Hunter (15 August 2024)
https://youtu.be/l48vC7Dv4ck
Regrets,
Mark
P.S. if impatient, tune in to at least 0.39:28 to the finale.
P.S.S. Yeah, I know; for the terminally ill, a 2nd opinion is useful.
▫️ Luke Gromen: Is the U.S. Gov’t Secretly Rooting for a Gold Price Explosion?
(Aug 12, 2024) Market Disruptors Channel - https://youtu.be/kbKoeDKZNuU
Key Talking Point Times
• 41:36 - discussion turning point
• 55:12 - “…there are ways out of this situation…if there is going to be a fight, pick your time and place to fight…”
• 59:23 - long term U.S. Treasury reward-less risk
• 1:00.06 - get out of the way or get run over as U.S. pursues security (self preservation)
▫️In search of fascists? Clues & Leads reading here - https://tinyurl.com/mry82nzs
‘Democracy is the idea that the common people know what they want and deserve to get it good and hard.’ HL Mencken
Democracy is where 51% get (mostly) what they want, and the other 49% can go whistle dixie.
Will the Fed be the only buyer of US debt? What happens then?
https://www.tbwns.com/2024/08/19/the-bears-lair-government-debt-should-be-rated-bbb-at-best/