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In 1980, around the time our national debt crossed the one-trillion line, the von Mises-influenced economist, Jerome Smith, published his revelatory book, "The Coming Currency Collapse". Smith's work was accessible, sensible, and direct: we were ruining ourselves via deficits, money printing, and inflation. Our doom was at hand. I started prepping, buying silver, stocking up, becoming (more) cynical, "inflation-proofing" myself, and started believing in my own intellectual and moral superiority. Meanwhile, life happened, and Godot STILL hasn't shown up. The inflationary depression we've been promised, like the 2nd Coming, is imminent, we're told. That which is unsustainable won't continue! Either that's wrong, or what's going on IS sustainable. Pardon me, but I've lost interest, or at least, I tell myself that. After a while, it's easier to believe the whole thing, all of it, is a crock. Best always. PJM

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Yep. I'm on another whiny forum where people complain about everything, and some even take to the courts, and sometimes "win." Rest assured, the US, and the world, is heading for an economic collapse of Biblical proportions, and then some. But afterwards, the world will end for the vast majority. And who wants to hear that? Till then, life goes on, I guess.

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I enjoyed reading your response. Thanks for taking the time. Best always. PM

P.S. showing my age here...in 1965 a "British Invasion" group, The Kinks, had a song on the charts called "So Tired". "So tired, tired of waiting, tired of waiting for you..." haha PM

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Hi Mr. Murray -

Thank you! I haven't thought about that song in 20+ years. Underrated 60's chill Rock...

https://www.youtube.com/watch?v=QkBvsBpgGbo

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When about half the global population has already been poisoned, it is clear that there will not be many people around in the future.

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I understand your thinking as you and I get closer to the end of our lives, we might be gone before the collapse happens but I have young grandchildren who will be paying the price so I’m trying to be able to ease their pain that will certainly happen in their lifetime.

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There simply is only one explanation for taking a path that simply doesn't make sense and cannot work i.e. more debt has always failed, in all cases. Why can't we take a logical route that is virtually guaranteed to succeed, but would be difficult for the leaders.

The explanation is in my opinion psychopaths.

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sociopathic - psycopaths !!!

We are witnessing the radicals implementation of the 'Cloward-Piven Strategy' which utilizes S. Alinsky's 'Rules For Radicals', as a base ideology.

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Selfish psychopaths

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That's redundant, by definition, psychopaths are selfish.

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Stupid, self interested people most likely.

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The reason we're in the pickle that Bill so masterfully described is because our failure was baked in at the get-go

When our Constitution omitted the requirement the Congress balance the Federal budget without resort to borrowed funds, we began electing to office Congressmen who would not govern wisely, but those who promised to give us access to the Federal trough

Once they get in office, they put foremost their reelection ahead of the needs of the nation. And they won't leave unless defeated (hard to do given the power of incumbency) or die in office (most recently, Senator Feinstein)

If you really really need access to this trough full of OPM, then offer to become a member of the fund raising committee of a Congressional campaign. In my day, I was raised funds for a batch of Congressmen. It was fun too until cash donations and gifts were prohibited

There's still hope we might get the Ship of State back on course but not with any candidates being proffered by our current two dominant political parties. Worrisome

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"A Republic, if you can keep it." Franklin knew despite all best attempts, it would be likely for naught. Human nature prevails. Best always. PM

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Maybe it is not possible to have a political system which is able to give most people what they need, most of the time !

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JR" I think it's a shame you included Senator Feinstein in your comments. She was one of our best. Work both sides of the aisle and accomplished a lot.

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Laugh, snort, choke, GAG --- *deep breath, REPEAT...

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Best what? Everyone I know called her "Senator Frankenstein."

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She had a wonderful career. She didn't want to quit, a commendable spirit. But her final year in office revealed for all to see that she was far from the woman she once was. She was grievously ill, mentally unstable and very aged in appearance. She died with her boots on even if her constituents and colleagues deserved better during her decline. Pity she didn't retire, an event that would have allowed the entire Senate to applaud her long service to their Chamber and to the nation.

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Fret not, my friend Jimm.

The communist Chinese paid her ALL the accolades she deserved (plus a little sumtin', sumtin') for her allowing them to use one of their best spies to play her chauffeur for OVER 20 YEARS. It's not like she would have ever discussed government "business" or national "secrets" in her limo. (insert eye-roll here, folks)

PS - I know, RIGHT? Damn pesky facts ruining a perfectly good, yet completely delusional Legacy...

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SE: You are so negative and uninformed. You wouldn't give credit to anyone, probably not even to a holy person. It must be in your DNA to be so negative. What a shame. What you are saying is totally garbage. Shame on you!

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Just returned from a week long trip on the Mississippi River from St. Louis to Minneapolis. I didn’t see any barges being towed, either north or south. An experienced river boat captain/pilot attributed it to the economy. Just an observation!!

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One extra terrestrial to another, across Galactic Internet ....

“Hey Zorg, let’s do coffee & treats somewhere other than Earthnicz next year.“

“Why so Slinz? I thought you liked the CO2 ‘breathe-boost’ and zapping a million bagful of humanoid nuggets, for a mid Formula Galaxy Sightseeing snack ?”

“Lost the taste for them, Zorg.

“You know the sweet taste of brain matter we so loved ?

“Turns out every one of them have lost it, as it leaked away through a pandemic called IDIOCY.

“Supposed to have been created by a group of Poli-something’s but they

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Do the 'entitlement payments', include; politico's and bureaucrat's pensions and benies (paid holidays) ? Perhaps, the elimination of half, of the existing, unconstitutional, three letter agencies, would help to implement a sizable reduction to the accumulated debt also.

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By far the largest proportion is military, followed by social security welfare payments. An item that should be cut is education, since there seems to be an inverse relationship to the amount of money spent and the intelligence of the children after they are "educated."

https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

Everybody’s worried about leaving a better world for our kids, how about leaving better kids for our world.

-Tom McDonald

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that is EXACTLY what Dr Ron Paul Proposed in 2012 .. and look what the media did to him !

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My problem with Ron Paul, is he talks a good game, how many pieces for legislation did he ever write/author/compose, and/or get through ?? What real sticks out to me is .. his 33rd degree Freemason status !! That is a big red flag. ... possibly 'controlled opposition" ??

no se, quien sabe?

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your poor deluded soul .. over half of the founding fathers were Masons .. Dr Ron Paul delivered over 3800 children several of whom I've had the pleasure of meeting along with a productive and bountiful life .. he has authored and sponsored more bills than any senator living served in the Navy with distinction, I could go on and on but your delusion and fear sounds like you would not know the Christ upon his return .. sadly Rand Paul his son is not a chip off the old block .. but maybe one of the grandsons will be ? go do some research, but I suspect you voted for Trump eh

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Hey Altschul. Ron Paul could’ve saved this nation. Given the chance. I am a huge fan. I voted for Trump also.

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Bye, bye... Bill ... if nothing’s going to change ... might as well stop reading your missives and join the party... until it lasts!! If only...

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Bill can only report on what is, and what is to come, thus allowing you to prepare, as best you can, for the inevitable, in regards to economics. He has no godlike powers. The one true God, and His Son, do have godlike powers, but hardly anyone listens to them. When things get worse, which they will, people will start paying attention. There's nothing like a view of the gallows to sober a man.

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I’ve been a big fan of BB ever since reading Mobs, Messiahs and Markets ... and look forward to his daily reckoning and will continue to do so. In the long term he’ll be proven right... there is no doubt about that... there is nothing new under the sun. But, for the last 50 years... ‘ignorance is bliss’ and ignorance has made people (paper) rich... enjoying the spoils. It would be a big shame for the rest of us if after 50 years of prudence we couldn’t protect ourselves from the parasites.

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Hi Nick -

I LOVE it here, but if I had one negative to say about these boards -

Sarcasm is generally lost on this crowd. Unfortunately...

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Both political are short of good government people material. Can you build a party majority needed.

How about four years of President Bill Bonner?

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While we fret and maybe not believe we can really be this stupid while reading daily about our demise, I get the feeling we, like the frog in the boiling water, will enjoy our inaction until we are dead.

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Look at the bright side of things - most people in the world are doing WAY worse than you.

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Or, each of us, who already have a handle about what is going on, find others who have begun to question the 'Prevailing Social Narrative', and assist those who are questioning thr narrative, in discovering the facts of the matter ... possibly then the sociatal degeneration could be at least be halted, and perhaps then provide an opportunity to turn it around.

It has been said that; to initiate social change, requires only a 10% rate of participation, to institute change to the existing paradigm .

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Mao based his revolution on that 10% principle. Best always. PM

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At the risk of having DHS/NSA/FBI (or all three) kick my door down - it is also said that only 3% of the populace participated in the American Revolution. At least that is the number given for the early stages. There is a decal you can put on your bumper (reflecting that group) that will quickly get you pulled over in numerous States and Municipalities.

A pinch of Yeast my friends...

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In OZ people are pretending all is well, despite it being obvious that the future is looking dire. Also I know of many people with health issues, some terminal.

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Should have mentioned the invasion going on at our borders also.

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I'm intrigued to understand investor perspectives on the market implications of extraterrestrial contact. Given the recent congressional hearings, we seem to be approaching a significant disclosure. Dr. Steven Greer claims to have evidence of advanced energy and power technologies presently held in classified programs. Some insiders suggest gold as a prudent investment in this context. What are your thoughts, or have you considered the potential economic ramifications?

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Hi Shawn -

The recent "mainstreaming" of UFOs and "Aliens" is purposeful. The Days are short and the evil in charge will use these fantasies to scapegoat when they can't explain how MILLIONS of people, all around the world, disappear at the same instant - "in the twinkling of an eye."

As to the financial ramifications - I can't help you there...

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I hope you're not referring to the "secret rapture," as there is no such thing. The verse where one person is "taken," well, it wasn't up to heaven. Look at the context, which is the Flood, starting in Matthew 24:38. The ones taken DIED.

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That will be one of the deceptions of the final days. This planet is under quarantine; no godly being from another planet would willingly come here, except to save souls, under Jesus command. UFO's are chapter 27 in Psychic Roulette, which you can download here: https://temcat.com/012-Spiritualism/PsychicRoulette-Vandeman.pdf

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There's a prevailing rumor about a staged alien invasion, which can be traced back to Werner Von Braun's final words, suggesting potential deception. However, it's an overreach to assert that no extraterrestrial entities with benevolent intentions would visit Earth. Numerous testimonies hint that they might already be among us.

On a related note, you haven't addressed my inquiry regarding the potential impact of such an event on the financial markets. I'd appreciate your insights on this.

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Bill you know damn well that the "WAR" as you call it was lost when you and millions like you FAILED to support Dr Ron Paul .. I told you then and telling you now he was America's last hope from then on it's just been a downhill slide into the abyss your describing .. but NOW how about coming up with some alternatives for how we can get out of this mess ? what would that require other than picking another looser like RFKjr or the Trumpet for another round so he can take his revenge on America .. the country that allowed him to rise to the top sh*t heap and pervert the last essence of one nation under God .. I wonder how our/your grandchildren will survive ? Actions not words is all that can save us now .. so lets get some leadership on what actions to take other than stashing our gold/silver/cash$ or whatever and sitting like DoDo Birds waiting for hell to pass over.

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A: Not looking too good for the old Donald. I think his past is catching up to him. Long overdue.

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Yup. Y'all got him THIS TIME, fer sher...

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SE: What..did my eyes deceive me?? Did you really say that?? I'm saving your response. What woke you up?

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I'm pretty sure he was being facetious.

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Honey, I'm WIDE awake.

Congratulations old girl - not only do facts and evidence NOT register in your twisted-up brain, you are also apparently immune to Sarcasm...

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very sadly the damage has been done .. irretrievably me thinks ie all countries have lost respect for the once great American dream ..

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Altschule: You are probably right but, "Hope burns eternal in the human heart."

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Mr. A There is no hope coming from above.

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Hi: Bill

This is Joe Wagner , I have a question about this post , I was wondering if you could explain what you mean by a Inflationary depression ?

Thanks Joe

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Joe,

I'm not Bill, but I'll take a stab at your question. A depression is a prolonged period of below average economic activity - producing, investing, trading, saving, etc. A deflationary depression can result when everyone wants to hold onto the money they have, and as a consequence of greatly reduced spending across the economy, economic activity goes down.

An inflationary depression occurs when no one wants to work or invest because they have no way of saving the value of their labor - money ceases to be a reliable store of value. The entire focus of the populace is on getting by today, rather than preparing and working for a better future. If you have read anything about the Weimar inflation, this describes an inflationary depression.

If anyone wants to expand on, clarify, or correct what I have written, please feel free.

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One can look toward either Argentina, or Venezuela, as examples of an inflationary depression, although the politicos, and the controled media might try to convince you otherwise.

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I like your answer very much. Another way of looking at it is "the money goes broke". In a deflationary depression, WE go broke, because no one can afford expensive, hi-value money. In an inflationary depression, anyone can have as much money as he wants. Trouble is, having all the money is still not enough. The money goes broke. Best always. PM

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Hi Paul -

Gold/Ammo/Food/Water

Maybe we should make it a sing-a-long...

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Spot on article. Unfortunately the public will re-elect the same selfish politicians who put their interests and party interests over the people. Just today, yahoo state media stooge rick newman wrote a column saying we need to spend more in Ukraine. So glad I liquidated most of my stocks.

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Ok boomer !!

Authoring, and sponsoring does not signify any passed /signed/instituted legislation.

As for the 3800 children's ... delivered where ?? to whom ??? Who had them ?? How did they get them ??

At least I still have a soul !! It's not poor, and I am certainly not by any stretch of the word, delusional .

Meanwhile, I wait in anticipation, welcome, and pray daily for the second coming of the Christ, to cut this world-wide, deceptive, duplicitous, hubristic/chutzpah filled, delusional sh*t show ... short !!! ASAP !!!

I tend to go along with what JFK had to say about ... secret societies ???

Any group that would require a member, to swear an oath, to protect, and cover for; even the most illegal, foul, duplicitous, and nefariously acts of evil, by their fellow members ... does not rank in my list of associations to be associated with.

The Founding Fathers were definitely not what we have been programmed to believe they were.

Didn't not 'select', either of the Uni-Party's "selections" !! But you gave yourself away as a Pedo (10%) Joe Bribem voting groupie. The useful idiots, are always the second to go, as their participation is no longer needed nor wanted ... as they have proven that they will turn on their own.

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your poor deluded soul .. over half of the founding fathers were Masons .. Dr Ron Paul delivered over 3800 children several of whom I've had the pleasure of meeting along with a productive and bountiful life .. he has authored and sponsored more bills than any senator living served in the Navy with distinction, I could go on and on but your delusion and fear sounds like you would not know the Christ upon his return .. sadly Rand Paul his son is not a chip off the old block .. but maybe one of the grandsons will be ? go do some research, but I suspect you voted for Trump eh

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