We’ve seen what a sharp, sudden spike in interest rates (the availability of credit) does; businesses tighten up, employees are let go, spending goes down and GDP rates go from positive to negative.
I agree that debt and war, historically speaking, bring the demise of countries -or empires if you prefer...
And I have long believed that until we demand/legislate a balanced budget AND get back on the gold standard we will not be able to change the current trajectory...
Lots of us HAVE demanded those things; lots of us have advocated the gold standard, but more did not than did. What's that say about "us"? "O the times! O the customs!" Best always. PM
Recommendation for max safety is good. Threat of Depression is a bit overwrought - at least as a result of this Iran adventure. It’s been a long road to get to where we are (since 1971, yes?), but whatever does occur, be a stoic, because nothing else will do any of us any good, regardless.
Ed, if you would throw in a heap of cynicism there you have it. The U.S. empire is coming apart. The World is turning away and financially it is fragmenting. Going to be a wild ride and given how thoroughly the media is captured, us peons will be kept in the dark the best they can and be fed bullsh!t. And, knowing how propaganda works, they'll be never-ending flavors of BS.
It is certain people in the Pentagon absolutely knew but Trump and his cronies running around never listen to the experts. They think they are all knowing and knew exactly how quickly their sneak war would last. Didn't turn out that way so Trump is surprised. No - he is just an idiot. He doesn't listen to anyone it appears. What a disaster for the U.S. and us peons.
Trump said twice on Monday that Iran’s retaliatory strikes on Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait had been unexpected.
“They weren’t supposed to go after all these other countries in the Middle East,” he said at a White House event. “Nobody expected that. We were shocked.”
Well Bill, we are both the same age so we may not live long enough to see this primary trend phase out. After the disaster of Q3, 2008, I intend to keep my good fortune in gold, cash, T-Bills , and energy. I may not make much in gains but I know the world runs on "black gold" so its a good bet. As for the old relic, gold, when I pass on my family members may remember me in a good light....I hope!
A little correction to the article - US debt clock.org shows the national debt crossed the $39 trillion barrier. In the words of Ralph Kramden - "To the moon, Alice!".
It is said that we are often promoted to “our highest level of incompetence “; DJT is a fine example of that✅
Why is it that works for Donald Trump but not Joe Biden or Kamala Harris or The AutoPen? Best always. PM
You have a hard time finding fault with DJT.
Is there any boundary that he must cross before you finally realize he is unsuited to manage the Executive Branch of our government?
Surely you appreciate he’s already made it highly likely he’ll be replaced by a Democrat who will at a minimum increase taxes.
And in the interim, we’ll all suffer higher costs for everything.
And how exactly will higher taxes reduce the costs for everything?
Sadly, you may be right. I hope not.
I agree that debt and war, historically speaking, bring the demise of countries -or empires if you prefer...
And I have long believed that until we demand/legislate a balanced budget AND get back on the gold standard we will not be able to change the current trajectory...
Lots of us HAVE demanded those things; lots of us have advocated the gold standard, but more did not than did. What's that say about "us"? "O the times! O the customs!" Best always. PM
Recommendation for max safety is good. Threat of Depression is a bit overwrought - at least as a result of this Iran adventure. It’s been a long road to get to where we are (since 1971, yes?), but whatever does occur, be a stoic, because nothing else will do any of us any good, regardless.
Ed, if you would throw in a heap of cynicism there you have it. The U.S. empire is coming apart. The World is turning away and financially it is fragmenting. Going to be a wild ride and given how thoroughly the media is captured, us peons will be kept in the dark the best they can and be fed bullsh!t. And, knowing how propaganda works, they'll be never-ending flavors of BS.
There is also no such thing as fake nuclear bombs. And Iran's would be real and headed for us.
Yes, true, but unfortunately you're wasting your "breath" here. They're on a roll; just stand aside and let them. Best always. PM
"After the Iranians closed the Strait of Hormuz, Trump commented that “...nobody expected that. We were shocked. They fought back.”
Did he really say that? Because even I recognized that risk, and I know very little about geopolitics and risk.
It is certain people in the Pentagon absolutely knew but Trump and his cronies running around never listen to the experts. They think they are all knowing and knew exactly how quickly their sneak war would last. Didn't turn out that way so Trump is surprised. No - he is just an idiot. He doesn't listen to anyone it appears. What a disaster for the U.S. and us peons.
For what it's worth: https://www.iranintl.com/en/202603178023
Trump said twice on Monday that Iran’s retaliatory strikes on Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait had been unexpected.
“They weren’t supposed to go after all these other countries in the Middle East,” he said at a White House event. “Nobody expected that. We were shocked.”
Thank you
Well Bill, we are both the same age so we may not live long enough to see this primary trend phase out. After the disaster of Q3, 2008, I intend to keep my good fortune in gold, cash, T-Bills , and energy. I may not make much in gains but I know the world runs on "black gold" so its a good bet. As for the old relic, gold, when I pass on my family members may remember me in a good light....I hope!
Jim Marshall
Well said Jim.
A little correction to the article - US debt clock.org shows the national debt crossed the $39 trillion barrier. In the words of Ralph Kramden - "To the moon, Alice!".
And what's happened every time the debt clock clicked over? Best always. PM
Same old , same old. Until the GDP number hits 130%.