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.
Yes, ultimately, the uneducated masses are indirectly responsible for the mess we are in because they didn't stand up long ago and stop the nonsense and corruption being perpetrated by the self-serving elites. For their ignorance and inaction, they will get what they deserve. I can only hope that those of us trying to protect ourselves from the coming catastrophe succeed, and I can only dream that those who are directly responsible for the mess, the world-class liars, thieves and murderers in control, are finally charged with crimes against humanity and brought to justice. This is about a lot more than just money.
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?
Our "friend" here is a moron. The concept of what "income" is befuddles most of the Marxist horde. He/she will never be persuaded because that requires thought and the ability to deduce (of which he/she is incapable).
"Marxism"? I wonder what this writer thinks is an example of such. We have a capitalist, free market economy that has transferred the wealth of the nation to an elite that is anything but collective or centrally planned. The taxation regime has shifted the burden away from corporations, bankers and financial manipulators and unto the backs of workers. Unions, once the actual harbor of Marxism in this country, have been literally destroyed by the owners of capital by off-shoring, automation and intimidation. The meager threads of socialism in this country, Social Security, Medicare, food stamps, will barely offset the losses that the elderly, infirm and they very young have lost to the plutocrats. Private rocketships, anyone?
Meanwhile our European friends, a few miles to the left of us in socialism have moved past us in health, longevity and the ability for generations to rise in economic stature above our parents. That last one used to be the hallmark of American exceptionalism.
Marxism is not and never was a threat to the US. Internally the threat to American is, and always has been, the greed and power of the greedy and powerful both on the left and on the right.
Nonsense, all of it. We haven't had a capitalist, free market economy in many decades. And, when we did, this was the best, most prosperous country and society on the planet. Now we have crony capitalism, over-regulation and a consciously intended "de-growth movement" aka "The Green New Deal" (which was hatched by those friends to the left of us).
All of this has been brought to us by a bloated, out of control, leviathan in Washington D.C. that doesn't give a rat's ass for a document known as "The Constitution". So save me your left-wing claptrap about how Europe has this and that because I can tell you from experience that there are European countries that are far more free market capitalist then we are here now. They're smart enough to keep their welfare states limited to their actual citizens and not hand out benefits to people that walk across a border.
Can't argue with very much of what you say. Would love to see gold at $10K an ounce. When you say ". . . you can only buy bitcoin by paying CASH" are you saying actual paper bills? (That's news to me, but I have never and will never buy any cryptocurrency so I'm not versed on the details of how it works.)
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.
I just think that something along the lines of a 1929 crash magnitude may never happen again because of technological advancements and globalization. The partnerships between the US, UK, and NATO allies would have to crumble in a God forbidden horrific manner like a nuclear holocaust for a crash of that scale to occur.
I hear a lot about dollar devaluation and the possibility of it losing it’s place as a central currency amid the world banks, but that scenario doesn’t seem to have a solid foundational origin.
The money printing press is on full throttle, printing by the trillions, with nothing backing up the dollar, I read, but the world population significantly dwarfs the amount of helicopter hot press money being created out of thin air.
Since the global poverty level is so large in percentages, a scenario like the bolivar currency devaluation cannot play out with the US dollar because of its global reach power and the number of people that it serves, it’s not tied to one specific country, Since the gold standard was removed, Europe, NATO, and the elites replaced gold backing of the US dollar with land and manpower, and that’s probably going to last many many average lifespans.
I do enjoy this subscription very much with all of its information.
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.
Yes, ultimately, the uneducated masses are indirectly responsible for the mess we are in because they didn't stand up long ago and stop the nonsense and corruption being perpetrated by the self-serving elites. For their ignorance and inaction, they will get what they deserve. I can only hope that those of us trying to protect ourselves from the coming catastrophe succeed, and I can only dream that those who are directly responsible for the mess, the world-class liars, thieves and murderers in control, are finally charged with crimes against humanity and brought to justice. This is about a lot more than just money.
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 !
Our "friend" here is a moron. The concept of what "income" is befuddles most of the Marxist horde. He/she will never be persuaded because that requires thought and the ability to deduce (of which he/she is incapable).
"Marxism"? I wonder what this writer thinks is an example of such. We have a capitalist, free market economy that has transferred the wealth of the nation to an elite that is anything but collective or centrally planned. The taxation regime has shifted the burden away from corporations, bankers and financial manipulators and unto the backs of workers. Unions, once the actual harbor of Marxism in this country, have been literally destroyed by the owners of capital by off-shoring, automation and intimidation. The meager threads of socialism in this country, Social Security, Medicare, food stamps, will barely offset the losses that the elderly, infirm and they very young have lost to the plutocrats. Private rocketships, anyone?
Meanwhile our European friends, a few miles to the left of us in socialism have moved past us in health, longevity and the ability for generations to rise in economic stature above our parents. That last one used to be the hallmark of American exceptionalism.
Marxism is not and never was a threat to the US. Internally the threat to American is, and always has been, the greed and power of the greedy and powerful both on the left and on the right.
Nonsense, all of it. We haven't had a capitalist, free market economy in many decades. And, when we did, this was the best, most prosperous country and society on the planet. Now we have crony capitalism, over-regulation and a consciously intended "de-growth movement" aka "The Green New Deal" (which was hatched by those friends to the left of us).
All of this has been brought to us by a bloated, out of control, leviathan in Washington D.C. that doesn't give a rat's ass for a document known as "The Constitution". So save me your left-wing claptrap about how Europe has this and that because I can tell you from experience that there are European countries that are far more free market capitalist then we are here now. They're smart enough to keep their welfare states limited to their actual citizens and not hand out benefits to people that walk across a border.
You parrot all right wing talking points. Now say ' moms basement and Hunters laptop '........
Can't argue with very much of what you say. Would love to see gold at $10K an ounce. When you say ". . . you can only buy bitcoin by paying CASH" are you saying actual paper bills? (That's news to me, but I have never and will never buy any cryptocurrency so I'm not versed on the details of how it works.)
https://fortune.com/2021/04/02/55-companies-paid-zero-in-federal-2020-taxes-itep-report/
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.
Get ready for the crash
Many have said that in the past. Remember that you said that the next time it crashes.
I just think that something along the lines of a 1929 crash magnitude may never happen again because of technological advancements and globalization. The partnerships between the US, UK, and NATO allies would have to crumble in a God forbidden horrific manner like a nuclear holocaust for a crash of that scale to occur.
I hear a lot about dollar devaluation and the possibility of it losing it’s place as a central currency amid the world banks, but that scenario doesn’t seem to have a solid foundational origin.
The money printing press is on full throttle, printing by the trillions, with nothing backing up the dollar, I read, but the world population significantly dwarfs the amount of helicopter hot press money being created out of thin air.
Since the global poverty level is so large in percentages, a scenario like the bolivar currency devaluation cannot play out with the US dollar because of its global reach power and the number of people that it serves, it’s not tied to one specific country, Since the gold standard was removed, Europe, NATO, and the elites replaced gold backing of the US dollar with land and manpower, and that’s probably going to last many many average lifespans.
I do enjoy this subscription very much with all of its information.