According to Bill, "Spending for 2023 is expected to reach about $5.9 trillion, or more than 25% of GDP". I have a faint Janet Yellen "hope" (see Mark1's comment) that with the Republicans in control of the House of Representatives starting January 2023, that this present out-of-control spending may be ended in 2023 and future years. However, I am preparing for the worst!
Reading the comments section here most days reminds me of these lyrics.
" Every body knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died"
Leonard Cohen - the best thing to ever come out of Canada, in my opinion - like Bill, was on to this years ago.
Check out the lyrics of "Democracy is comIng to the USA" as well, which, I think was originally composed back in about 1989
Also,I'd love for Mr Bonner to give us his opinion as to what he thinks this all looks like 5 years from now, not that any of us ever get it completely right of course, but it's hard to imagine that it is going to look great for the vast majority of us. As to Ms Yellen, Mark, "hope" is not a strategy and it's unbelievable that someone as powerful as she appears to be can sound so amazingly disconnected an, frankly downright stupid.
Concidering America is now close to a full Chinese takeover(government, media, academia, medical, social), it's our Common Sense that is driving us to our own demise, because they make sure nothing makes Sense.
What? Why is the Fed doing this? Why is Biden doing that? WHY,WHY,WHY? This is the question I hear everyday in the field(from left and right). The only reply I hear is "But nothing makes sense"!
Oh well, the common middleclass genius has already figured it out, why has no one else?
I am out in the dirt everyday and hear the same question repeated as well - over and over.
It's rather Convid-esque, eh? I think that the Scam of All Time truly broke something inside our collective psyche. More people than ever now see and question WTF is going on in pretty much every area of culture, society, government, finance, etc. but are, for the most part, completely drowned-out, ridiculed and/or shouted down. Very strange to see this phenomena repeating in such diverse parts of our Country and our World. Since 2020, it appears there are now a larger number than ever before of otherwise normal folk who have forgotten how to think critically and will readily disavow the evidence of their own eyes and ears when it diverges from what the Herd is instructed to believe. Examples: Convid, "Vaccines", Ukraine, Transgenderism, Secure Borders, CBDCs, QT, and on and on. For fun, think it over and add your own examples of items/issues that are OBVIOUSLY not helpful or healthy, yet we are consistently told to embrace. It won't take long for you to add to this short list.
A sad commentary on our time and maybe this is the TRUE Fourth Turning - the fact that individuals who investigate for themselves and were more likely to believe a given piece of information BECAUSE it diverged from the "narrative" are now the minority. It is undeniable that TPTB promote a particular "Narrative" on virtual any subject you can name, yet it seems they have discovered how to make it essentially invisible to the majority of people. There is a Book that talks about the end of this era and it has numerous references to how DISCERNMENT will be essential to identify and survive the rampant deception during these times. Hmmmmm...
Mission Accomplished Mr. Marx, Mr. Bernays, Mr. Goering. And for your next trick?
Missouri is the "Show Me" State. We need a lot more Missourians right about now...
Yes, I can add on your list, and on, and on and on for hours, but that is only possible during my down times, relaxing with a bottle of Dareringer and a good cigar. Haven't had too many of those nights lately...so we are all mostly overwhelmed with the constant barrage of dumb, stupid usless shit that we subject ourselves to daily.
Yes, even the most ignorant liberal sees, hears and breaths the same constant nonsense daily, but for some reason, they have the power to shut it off. Call it stupidity, ignorance, moronic, dumb, simpleminded, insensate, mindless, obtuse, imbecilic... Oh, sorry brother, wrong list your looking for, but I can also go on for hours with this list about the zombie nation...
I was upstate a few weeks ago, with family and friends, shutting out all news for five days. We all agreed that it was the most beautiful time we have had, just being with those you love, and appreciating all that was right in front of us at all times. It was real!
The constant bullshit we are talking about daily is an absolut distraction to what is Real, right in front of us at all times...
Keep focused on that, and maybe even learn from the braindead democrat, because in the end, the less you know, the happier you'll be...ignorance is trully bliss, but keep on stacking up on gold and Bitcoin, because as the zombies are eating themselves, you will have a small fortune to escape to that little dream spot you hopefully have hidden away.
Much agreed. I am in the saying for 20 years. Water will be expensive in my lifetime. Impossibly hard to get as well. My own home will start construction this summer, and I am putting in a cistern as well. Also a woodstove. Hope for the best prepare for the worst.
Even though you write about the same thing everyday, that we are all headed for unknown rocky shores, aboard boats piloted by people less skilled than the "Skipper," I oh so look forward to each day's missive. Every day I learn just a little more about how we got here, and what sort of landing we might see on the other side. Will it be a white sandy beach? Or something composed of the sharpest things imaginable, this side of Jay Powell's tongue.
To see if we are still in the eye of the storm, I checked a typical middle of the road, affordable, Canadian city's housing market.
And to be sure, of the 12 markers shown, 9 were down. The most notable, were the prices for detached and attached homes which were down 2% and 5% respectively. Only condo prices went up over the last 12 months, by 10% (people have to live somewhere me guesses).
Then the number of transactions. Only 606 detached and 50 attached homes sold last month. Down 26% and 58% respectively from 12 months ago. Even condo sales, which saw their prices rise over the past 12 months, were not immune to a 26% drop in the number of sales (139 last month) over that same period.
While the markets may make temporary gains, giving us, the passengers on this cruise liner headed for the Bermuda triangle, a glimpse of that impeccable sandy shore, it's the housing market that tells us that the ordinary people aren't buying it.
Thanks for that link. It appears cracks are starting to show in the realestate market particularly looking at the most inflated market in Canada, Vancouver.
I bought a condo in 97 for $158k
By 2003 I was looking to pck up a detached home for $280k sell the condo by a house in Nvan. The frenzy, multiple offers no subjects kept me out . I decided to see how long this racket could continue waiting on the side lines. A home in NVan iis $1.8M and I ve herad recent offers same location of $2.5M
Im still waitimg ! Maybe it goes to $5M who knows ?
Yap, we live in a sea of lies, and it has become so salty that swimming is almost impossible. The mere abstraction, the government, suffocates the life of individuals more and more with its norms, repressive apparatus and taxes including inflation, that it becomes unbearable.
Bill -- I expect that early in your field stone mason experience you learned one of the key skills-- not to build 'traps' into your courses. It is clear that the Fed hasn't learned to avoid building traps nor do they appear to have the skills to work their way out of them.
You and your associates are financially saavy folks, how about some suggestions for viable options the Fed could consider to straighten out this mess. We have seen the past results of 'the Volker hold' so to speak. Is that the right option?
We should anticipate that any solution will be painful but so is a full scale and lingering depression.
Abolish the Fed seems like the Bonner consensus solution. That will happen when we balance the budget and implement sound monetary policy. Never in other words.
Watched Ms. Yellen on 60Minutes last night. Full of “hope” that the economy would be ok. Not too inspiring. But says she cares about the average American.
According to Bill, "Spending for 2023 is expected to reach about $5.9 trillion, or more than 25% of GDP". I have a faint Janet Yellen "hope" (see Mark1's comment) that with the Republicans in control of the House of Representatives starting January 2023, that this present out-of-control spending may be ended in 2023 and future years. However, I am preparing for the worst!
Reading the comments section here most days reminds me of these lyrics.
" Every body knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died"
Leonard Cohen - the best thing to ever come out of Canada, in my opinion - like Bill, was on to this years ago.
Check out the lyrics of "Democracy is comIng to the USA" as well, which, I think was originally composed back in about 1989
Also,I'd love for Mr Bonner to give us his opinion as to what he thinks this all looks like 5 years from now, not that any of us ever get it completely right of course, but it's hard to imagine that it is going to look great for the vast majority of us. As to Ms Yellen, Mark, "hope" is not a strategy and it's unbelievable that someone as powerful as she appears to be can sound so amazingly disconnected an, frankly downright stupid.
If it’s inflate or die, and they can’t inflate, then what does die look like?
Concidering America is now close to a full Chinese takeover(government, media, academia, medical, social), it's our Common Sense that is driving us to our own demise, because they make sure nothing makes Sense.
What? Why is the Fed doing this? Why is Biden doing that? WHY,WHY,WHY? This is the question I hear everyday in the field(from left and right). The only reply I hear is "But nothing makes sense"!
Oh well, the common middleclass genius has already figured it out, why has no one else?
Hi Steve -
I am out in the dirt everyday and hear the same question repeated as well - over and over.
It's rather Convid-esque, eh? I think that the Scam of All Time truly broke something inside our collective psyche. More people than ever now see and question WTF is going on in pretty much every area of culture, society, government, finance, etc. but are, for the most part, completely drowned-out, ridiculed and/or shouted down. Very strange to see this phenomena repeating in such diverse parts of our Country and our World. Since 2020, it appears there are now a larger number than ever before of otherwise normal folk who have forgotten how to think critically and will readily disavow the evidence of their own eyes and ears when it diverges from what the Herd is instructed to believe. Examples: Convid, "Vaccines", Ukraine, Transgenderism, Secure Borders, CBDCs, QT, and on and on. For fun, think it over and add your own examples of items/issues that are OBVIOUSLY not helpful or healthy, yet we are consistently told to embrace. It won't take long for you to add to this short list.
A sad commentary on our time and maybe this is the TRUE Fourth Turning - the fact that individuals who investigate for themselves and were more likely to believe a given piece of information BECAUSE it diverged from the "narrative" are now the minority. It is undeniable that TPTB promote a particular "Narrative" on virtual any subject you can name, yet it seems they have discovered how to make it essentially invisible to the majority of people. There is a Book that talks about the end of this era and it has numerous references to how DISCERNMENT will be essential to identify and survive the rampant deception during these times. Hmmmmm...
Mission Accomplished Mr. Marx, Mr. Bernays, Mr. Goering. And for your next trick?
Missouri is the "Show Me" State. We need a lot more Missourians right about now...
Spot on again my brother!
Yes, I can add on your list, and on, and on and on for hours, but that is only possible during my down times, relaxing with a bottle of Dareringer and a good cigar. Haven't had too many of those nights lately...so we are all mostly overwhelmed with the constant barrage of dumb, stupid usless shit that we subject ourselves to daily.
Yes, even the most ignorant liberal sees, hears and breaths the same constant nonsense daily, but for some reason, they have the power to shut it off. Call it stupidity, ignorance, moronic, dumb, simpleminded, insensate, mindless, obtuse, imbecilic... Oh, sorry brother, wrong list your looking for, but I can also go on for hours with this list about the zombie nation...
I was upstate a few weeks ago, with family and friends, shutting out all news for five days. We all agreed that it was the most beautiful time we have had, just being with those you love, and appreciating all that was right in front of us at all times. It was real!
The constant bullshit we are talking about daily is an absolut distraction to what is Real, right in front of us at all times...
Keep focused on that, and maybe even learn from the braindead democrat, because in the end, the less you know, the happier you'll be...ignorance is trully bliss, but keep on stacking up on gold and Bitcoin, because as the zombies are eating themselves, you will have a small fortune to escape to that little dream spot you hopefully have hidden away.
We do. Family compound on 202 acres on the side of a mountain in West Virginia.
Yes my brother, property with underground springs…water is the future 👍
Much agreed. I am in the saying for 20 years. Water will be expensive in my lifetime. Impossibly hard to get as well. My own home will start construction this summer, and I am putting in a cistern as well. Also a woodstove. Hope for the best prepare for the worst.
Even though you write about the same thing everyday, that we are all headed for unknown rocky shores, aboard boats piloted by people less skilled than the "Skipper," I oh so look forward to each day's missive. Every day I learn just a little more about how we got here, and what sort of landing we might see on the other side. Will it be a white sandy beach? Or something composed of the sharpest things imaginable, this side of Jay Powell's tongue.
To see if we are still in the eye of the storm, I checked a typical middle of the road, affordable, Canadian city's housing market.
https://wowa.ca/winnipeg-housing-market
And to be sure, of the 12 markers shown, 9 were down. The most notable, were the prices for detached and attached homes which were down 2% and 5% respectively. Only condo prices went up over the last 12 months, by 10% (people have to live somewhere me guesses).
Then the number of transactions. Only 606 detached and 50 attached homes sold last month. Down 26% and 58% respectively from 12 months ago. Even condo sales, which saw their prices rise over the past 12 months, were not immune to a 26% drop in the number of sales (139 last month) over that same period.
While the markets may make temporary gains, giving us, the passengers on this cruise liner headed for the Bermuda triangle, a glimpse of that impeccable sandy shore, it's the housing market that tells us that the ordinary people aren't buying it.
They're bracing for impact.
Luke
Thanks for that link. It appears cracks are starting to show in the realestate market particularly looking at the most inflated market in Canada, Vancouver.
I bought a condo in 97 for $158k
By 2003 I was looking to pck up a detached home for $280k sell the condo by a house in Nvan. The frenzy, multiple offers no subjects kept me out . I decided to see how long this racket could continue waiting on the side lines. A home in NVan iis $1.8M and I ve herad recent offers same location of $2.5M
Im still waitimg ! Maybe it goes to $5M who knows ?
Yap, we live in a sea of lies, and it has become so salty that swimming is almost impossible. The mere abstraction, the government, suffocates the life of individuals more and more with its norms, repressive apparatus and taxes including inflation, that it becomes unbearable.
Bill -- I expect that early in your field stone mason experience you learned one of the key skills-- not to build 'traps' into your courses. It is clear that the Fed hasn't learned to avoid building traps nor do they appear to have the skills to work their way out of them.
You and your associates are financially saavy folks, how about some suggestions for viable options the Fed could consider to straighten out this mess. We have seen the past results of 'the Volker hold' so to speak. Is that the right option?
We should anticipate that any solution will be painful but so is a full scale and lingering depression.
Abolish the Fed seems like the Bonner consensus solution. That will happen when we balance the budget and implement sound monetary policy. Never in other words.
Watched Ms. Yellen on 60Minutes last night. Full of “hope” that the economy would be ok. Not too inspiring. But says she cares about the average American.
Yes, and I just inherited 20 million dollars. I think she's living in Never, Never land!
What's happened to you? You're making so much sense lately lol.
I know, she really is. I like it.
Martian Armstrong is putonghua out a report for 2023 prescious metals have you ever read is reports?What do you think if so.
Sorry, but what is putonghua? Did you mean "putting"? Anyway, I haven't read his report. If I do, I will let you know.
The link doesn't work for me. Not indicated as a link.