Debt can't be the problem....AOC says we just owe it to ourselves and she must know because she is from New York. And New York is doing so well. Must be the Russians or Chinese or Iranians or all of them causing our problems !!!! We need to make war on all of them to save Our Democracy. Plus we need to expand the number of bases everywhere - there is only 800+ currently and that isn't enough because our economy isn't growing fast enough.
Well said. You nailed it. Right now Putin is the boogeyman threatening superpower America but he cannot even conquer the Ukraine. The useful idiots in the media force feed the BS down the publics throats. Congress then sends billions to a now dictatorship (Zman cancelled all elections because he knew the people didn't want the war and the destruction and death it has brought them) in the Ukraine and there is no accounting for the money. The US goes further into debt while the Zman and his cronies because rich along with our military companies..
If by "cronies" you mean all the "Ukrainian Government Employees" whom 𝘄𝗲 are paying 100% of their salaries, health insurance premiums and retirement plans/pensions to - then ok, cronies it is.
Surely we have someone in our "government" making sure that all those Ukey "government" officials that we are carrying actually exist.
S.E. please don't forget all die these european Vasal States who shoulder quite a good deal of that burden. Kindly invited to do so by there big friendly brother overseas....
Yes - but much much more! It is all those commies in Asia. They certainly aren't showing proper respect by not doing what the U.S. is telling them licky-split. And, everything the US is doing is for their own good! How dare they utter a bad word about the mighty US$ and its SWIFT system or our tariffs - After all, the U.S. has saved the whole World again and again. Just unbelievable.....
You nailed it today Mr Bonner with your closing sentence, “In every case, losses don’t vanish; they just get moved around...from the people who deserve them, to the people who don’t.”
Also, completely unsurprising. Wouldn't it be great if we had an Administration that FIRED people for mismanagement, piss-poor performance and/or LOSING millions/billions in Taxpayer funds?
With the dimocrat communists and Cackles McMoron - this documented, across-the-board ineptitude and complete lack of Consequences is a feature, not a bug.
Where, O where have ye gone, Schedule F?
Bludgeoned and Buried - along with the Keystone Pipeline, Tax Cuts, Secure Borders and FEMA giving a shit.
I thought of it as money printing of earned labor at will, but I like this comprehensive analysis far better. Someone else is always on that other side of debt. Leveraged debt is a good example, such as derivatives used to suck the value out of real things.. Derivatives have first priority claims in bankruptcy. If the counterparty is bankrupt, so is most everyone.
Derivatives and irresponsible real estate lending almost destroyed the economy in 2008. This time we are so far in debt and rates are pretty low so we will not be able to print our way out of another financial disaster.
Hmmm Dan. If the 10 year is still going up the much ballyhooed mortgage rate decline and subsequent housing boom may big a big fat dud. This should be interesting to see since the financial guys were banking on another housing boom
Simple math says that with a $1.83 Trillion dollar FY 24 Deficit, we borrowed 26% of the money the govt spent for the year. Not sure that is sustainable and no politicians ever mention the debt/deficit problem. Not sure how you get a soft landing for the country out of this.... Our friendly foreign lenders are becoming less friendly and seem to be putting more gold in their central piggy banks instead of more UST and USD. Bill can guide us.
So the Fed prints money for us[ The Government and us] to borrow, but even with todays superb printing technology, we can't print some to pay it back. Why is that? Doesn't seem fair. Almost like there is an "us and them".
Excellent Bill, the primary problem of America clearly defined and simple! Except for the imbeciles trying to destroy the country by promoting all this debt. Even if Congress realized it was a problem I can't see how we are going to solve the debt problem at this point except through default.
Debt can't be the problem....AOC says we just owe it to ourselves and she must know because she is from New York. And New York is doing so well. Must be the Russians or Chinese or Iranians or all of them causing our problems !!!! We need to make war on all of them to save Our Democracy. Plus we need to expand the number of bases everywhere - there is only 800+ currently and that isn't enough because our economy isn't growing fast enough.
You're just being silly.
Everyone knows it's Trump's fault...
Just ask our fair balanced media, LOL
Y'all are welcome for the bipartisan comment about Trump.
I even got a LIKE from Dorothy. Apparently the sarcasm was lost on some...
Haha, that's not the only thing that's lost on that one.
Well said. You nailed it. Right now Putin is the boogeyman threatening superpower America but he cannot even conquer the Ukraine. The useful idiots in the media force feed the BS down the publics throats. Congress then sends billions to a now dictatorship (Zman cancelled all elections because he knew the people didn't want the war and the destruction and death it has brought them) in the Ukraine and there is no accounting for the money. The US goes further into debt while the Zman and his cronies because rich along with our military companies..
If by "cronies" you mean all the "Ukrainian Government Employees" whom 𝘄𝗲 are paying 100% of their salaries, health insurance premiums and retirement plans/pensions to - then ok, cronies it is.
Surely we have someone in our "government" making sure that all those Ukey "government" officials that we are carrying actually exist.
Surely...
S.E. please don't forget all die these european Vasal States who shoulder quite a good deal of that burden. Kindly invited to do so by there big friendly brother overseas....
Yes - but much much more! It is all those commies in Asia. They certainly aren't showing proper respect by not doing what the U.S. is telling them licky-split. And, everything the US is doing is for their own good! How dare they utter a bad word about the mighty US$ and its SWIFT system or our tariffs - After all, the U.S. has saved the whole World again and again. Just unbelievable.....
😂😂😂
Great job explaining it Bill this should be taught to all the people
Treason** or a boondoggle? https://tinyurl.com/3zhuwhzy
You nailed it today Mr Bonner with your closing sentence, “In every case, losses don’t vanish; they just get moved around...from the people who deserve them, to the people who don’t.”
** https://tinyurl.com/45zjms96 - X platform
Disgusting and Treasonous information, Mr. Mark.
Also, completely unsurprising. Wouldn't it be great if we had an Administration that FIRED people for mismanagement, piss-poor performance and/or LOSING millions/billions in Taxpayer funds?
With the dimocrat communists and Cackles McMoron - this documented, across-the-board ineptitude and complete lack of Consequences is a feature, not a bug.
Where, O where have ye gone, Schedule F?
Bludgeoned and Buried - along with the Keystone Pipeline, Tax Cuts, Secure Borders and FEMA giving a shit.
https://en.wikipedia.org/wiki/Schedule_F_appointment
From the link:
"The stated purpose of the order was to increase flexibility in hiring and firing to improve performance management[2] and accountability.[3]"
We can't have that, now can we....
I thought of it as money printing of earned labor at will, but I like this comprehensive analysis far better. Someone else is always on that other side of debt. Leveraged debt is a good example, such as derivatives used to suck the value out of real things.. Derivatives have first priority claims in bankruptcy. If the counterparty is bankrupt, so is most everyone.
Derivatives and irresponsible real estate lending almost destroyed the economy in 2008. This time we are so far in debt and rates are pretty low so we will not be able to print our way out of another financial disaster.
And I thought "Taking the L" was about riding the train in Chicago instead of driving.
Reading the blurbs from Fortune brought tears of laughter to my eyes. What a joke.
Word total 78: Mr Denning begins & ends, “Don’t look now… government deficits and higher debt.”
OMGosh. Meh, barely.
Dan, Rule of 72 man. US Treasury yields are back > 4% for the first time in 2 years.
Toilet paper has a better ROI. Widows & orphans aren’t even that desperate for $UST10YR
Got Ag w/o counterparty risk in a coffee can buried under a rose bush?
It's actually a 55-gallon barrel, brother.
And I ain't sayin' WHICH bush/tree/palm/shrub/ground cover it's buried under...
Congratulations, Bill. One of your best columns yet.
https://mises.org/mises-wire/slow-motion-nationalization-economy
How are the rich to become richer if the poor and middle class do not get poorer?
Hmmm Dan. If the 10 year is still going up the much ballyhooed mortgage rate decline and subsequent housing boom may big a big fat dud. This should be interesting to see since the financial guys were banking on another housing boom
So we're the Chinese
Simple math says that with a $1.83 Trillion dollar FY 24 Deficit, we borrowed 26% of the money the govt spent for the year. Not sure that is sustainable and no politicians ever mention the debt/deficit problem. Not sure how you get a soft landing for the country out of this.... Our friendly foreign lenders are becoming less friendly and seem to be putting more gold in their central piggy banks instead of more UST and USD. Bill can guide us.
Were
How do you post a photo.
So the Fed prints money for us[ The Government and us] to borrow, but even with todays superb printing technology, we can't print some to pay it back. Why is that? Doesn't seem fair. Almost like there is an "us and them".
Well it was a fun party while it lasted,.
Excellent Bill, the primary problem of America clearly defined and simple! Except for the imbeciles trying to destroy the country by promoting all this debt. Even if Congress realized it was a problem I can't see how we are going to solve the debt problem at this point except through default.
Maybe a financial reset after a major banking crisis, the result of "hacking" or a "technical issue".
Everybody gets some "digital" money in their account, but many will lose out in this game of musical chairs.
Problem solved!
Modern Monetary Theory has magically solved the "problem" of debt, it has gone away into a virtual world far away never to return.