Bill is right as usual....sadly.Untill the average citizen decides to get better educated and take action,nothing will change.Untill we all,world wide ,say "no more " it will stay as is.
Bill is spot on; but this budget is even worse; this budget assumes an inflation rate under 3 percent. What if a reasonable, realistic rate is assumed?
The Budget is proposed; not enacted. When it's finally passed, few will be happy with it. In the meantime, interest rates will go up; so will unemployment. The dollar will continue losing value continuing a trend that began a century ago. Salaries will be adjusted accordingly. Life will go on more or less as it has been with many people happy; many unhappy
Quoting Larry Summers is like quoting the Fox watching the chicken coop.He one of the main causes of the problems we face. His sticky fingers are all over the Feds impossible balance sheet. Bill should know better!
"Inflate or die" that's correct and we will choose inflate because a 10% interest would mean a 3 trillion interest on debt payment we couldn't make, full stop. So the question at this moment in time is, can we balance the budget? All of the budgets, private and public, world wide? The truth is we can, we choose not to. Why is that? I know what inflation is and I know what devaluation is and, for me, they are not to be conflated. That's why I hate the term "inflate the dollar" it has no agreeable definition. In my mind goods and services inflate and deflate whereas currencies revalue to either a singular commodity or to a basket of currencies or to particular currencies you enjoy trading in. One may argue it's the same thing and I'm being silly or "uninformed" but it's not the same thing, ..... at all!
IF I were just starting in College or University, I believe I would take Chinese Language Courses. I have been advising students for the last ten years to learn Chinese. I do like the Chinese people, and I really like the food! Just saying! Florida Jimmy.
Bill is right as usual....sadly.Untill the average citizen decides to get better educated and take action,nothing will change.Untill we all,world wide ,say "no more " it will stay as is.
Bill is spot on; but this budget is even worse; this budget assumes an inflation rate under 3 percent. What if a reasonable, realistic rate is assumed?
Taxing the ultra wealthy to help pay down the debt.
Whats not to like !
The Budget is proposed; not enacted. When it's finally passed, few will be happy with it. In the meantime, interest rates will go up; so will unemployment. The dollar will continue losing value continuing a trend that began a century ago. Salaries will be adjusted accordingly. Life will go on more or less as it has been with many people happy; many unhappy
Our federal government has placed itself between two big rocks. It's spending
more money than it takes in with taxes. It's printing press creates new dollars
without anything to back them. When you create more money with
limited products to buy, those products naturally cost more. What is inflation?
The dollar today versus yesterday buys less products and services. How to
control inflation? Raise interest rates above the current inflation rate of 8 %.
Who today possesses the biggest debt? Our federal government!! You would
need an interest rate of 10 % or more to control inflation. But if we did that,
our federal government even with all taxes collected couldn't pay even the
interest payments on its current national debt of $ 30 trillion dollars. We
ordinary Americans are facing big problems in the years to come because
we don't have financially sound leadership running our government.
There’s only three ways that a smart person can go broke…liquor, ladies, and leverage. - Warren Buffett
Quoting Larry Summers is like quoting the Fox watching the chicken coop.He one of the main causes of the problems we face. His sticky fingers are all over the Feds impossible balance sheet. Bill should know better!
i DO ENJOY YOUR WRITIHG STYLE AND CONTENT. THANKS ,
"Inflate or die" that's correct and we will choose inflate because a 10% interest would mean a 3 trillion interest on debt payment we couldn't make, full stop. So the question at this moment in time is, can we balance the budget? All of the budgets, private and public, world wide? The truth is we can, we choose not to. Why is that? I know what inflation is and I know what devaluation is and, for me, they are not to be conflated. That's why I hate the term "inflate the dollar" it has no agreeable definition. In my mind goods and services inflate and deflate whereas currencies revalue to either a singular commodity or to a basket of currencies or to particular currencies you enjoy trading in. One may argue it's the same thing and I'm being silly or "uninformed" but it's not the same thing, ..... at all!
IF I were just starting in College or University, I believe I would take Chinese Language Courses. I have been advising students for the last ten years to learn Chinese. I do like the Chinese people, and I really like the food! Just saying! Florida Jimmy.
The stock market may never crash again.