This is why a business person, like Trump, should be in the White House. The government should be run like a business, in my opinion. Not by career politicians who want to line their own pockets.
Unfortunately the government doesn't attract people who can successfully run a company that deals with cash flow and profits. They just take from those that do succeed. They have no concept of a working balance sheet and where money comes from. Over budget? ok, take more money cause the idea must prevail!!!
The federal government is setup to borrow, spend, tax, and pay interest in that order. You can't run anything like that before the debt crushes everything.
True, but I think they should just do it, raise the debt ceiling since we aren't going to pay that shit anyway, and then when Trump comes back tear it down and fix it in one fell swoop.
If you intend on a financial reset, what does it all matter in the short term?
The system was so far gone that it’s impossible we would have ever been able to pay it back. Every man, woman, child and illegal immigrant in the US would have to pony up $85,000 just to pay it off. I see people frustrated that they are raising the ceiling again but the fact is, the system was already terminal, we can speed up its death or extend it.
Political theater … the US will always raise the debt ceiling and print more money, there is absolutely no other way.
Wealth transfer happens when the Fed prints money.
At the local or personal level, if you know your fiat dollars are depressing in purchasing power by at least 10-15% a year, how will you hedge it? What assets can you buy to protect your wealth?
Some frogs here will say ‘gold, gold, gold’ but these are emotional led decisions, without any understanding on how to invest. Look at the value of Gold the past 10 years, then factor in dollar debasement… you’ve been losing money. Real estate is better, or heaven forbid we start a thread on the dangers of Bitcoin and how it’s a deep state operation … all the while Gold and Silver have been manipulated and controlled by the deep state (and Wall Street) all this time 😂
I am a proponent of gold and silver. I have never bought a single ounce of gold as an investment to make money though. Gold to me and to a lot of people is a hedge against the economy going to shit. In 2008 we should have had a collapse that would have dwarfed the great depression. They printed trillions and kept the system running. Here we are some 13 years later, past the time for another recession and still facing the same systemic issues.
Gold has never gone to 0 in it's 5000 year history and that is why one would want to hold some. Not because it will appreciate in value year over year.
This is an interesting perspective! If we game theory out however, if the economy goes to shit then the assumption is gold would then be the medium of exchange. However there would be no agreement on what the value of the medium is.. today we value gold against the USD (a pair).
You’re now in the barter economy. I much rather we trade things of usable value like food, water, necessities. Will this happen to the America? I highly doubt it, it could be bad but not Venezuela bad. As we believe in the Q program… so we’re assured it won’t get to that point.
So now we’re left with our personal situation and financial decisions. What are you doing with your fiat dollars, knowing that it will lose purchasing power month over month, year over year? This is about wealth transfer …. We must protect what we earn, and grow it … even if it belongs to Caesar ;)
Raising the debt ceiling is like borrowing more money to meet the interest payments on your credit card debt. It bites its own tail.
And if you can't run a business (or a household) that way, then the government should not be run that way.
This is why a business person, like Trump, should be in the White House. The government should be run like a business, in my opinion. Not by career politicians who want to line their own pockets.
Unfortunately the government doesn't attract people who can successfully run a company that deals with cash flow and profits. They just take from those that do succeed. They have no concept of a working balance sheet and where money comes from. Over budget? ok, take more money cause the idea must prevail!!!
The federal government is setup to borrow, spend, tax, and pay interest in that order. You can't run anything like that before the debt crushes everything.
True, but I think they should just do it, raise the debt ceiling since we aren't going to pay that shit anyway, and then when Trump comes back tear it down and fix it in one fell swoop.
As much as I would love the FED gone, they will raise the debt just as they have done for decades and life will go on.
Not if white hats are in control of FED now.
But it's MUCH better to allow Biden to be blamed , rightfully so... thenTrump comes in and rescues the sleeping masses
But it's not just Trumo raising it. He had to work with the Congress he had. They tied his hands on a lot of good things.
No, it was Pelosi and her bunch of scheming traitors. They fought him at every turn. But yeah, I'm sure RINOs didn't help.
If you intend on a financial reset, what does it all matter in the short term?
The system was so far gone that it’s impossible we would have ever been able to pay it back. Every man, woman, child and illegal immigrant in the US would have to pony up $85,000 just to pay it off. I see people frustrated that they are raising the ceiling again but the fact is, the system was already terminal, we can speed up its death or extend it.
It's around 500k for all liabilities, not 85k.
Political theater … the US will always raise the debt ceiling and print more money, there is absolutely no other way.
Wealth transfer happens when the Fed prints money.
At the local or personal level, if you know your fiat dollars are depressing in purchasing power by at least 10-15% a year, how will you hedge it? What assets can you buy to protect your wealth?
Some frogs here will say ‘gold, gold, gold’ but these are emotional led decisions, without any understanding on how to invest. Look at the value of Gold the past 10 years, then factor in dollar debasement… you’ve been losing money. Real estate is better, or heaven forbid we start a thread on the dangers of Bitcoin and how it’s a deep state operation … all the while Gold and Silver have been manipulated and controlled by the deep state (and Wall Street) all this time 😂
I am a proponent of gold and silver. I have never bought a single ounce of gold as an investment to make money though. Gold to me and to a lot of people is a hedge against the economy going to shit. In 2008 we should have had a collapse that would have dwarfed the great depression. They printed trillions and kept the system running. Here we are some 13 years later, past the time for another recession and still facing the same systemic issues.
Gold has never gone to 0 in it's 5000 year history and that is why one would want to hold some. Not because it will appreciate in value year over year.
This is an interesting perspective! If we game theory out however, if the economy goes to shit then the assumption is gold would then be the medium of exchange. However there would be no agreement on what the value of the medium is.. today we value gold against the USD (a pair).
You’re now in the barter economy. I much rather we trade things of usable value like food, water, necessities. Will this happen to the America? I highly doubt it, it could be bad but not Venezuela bad. As we believe in the Q program… so we’re assured it won’t get to that point.
So now we’re left with our personal situation and financial decisions. What are you doing with your fiat dollars, knowing that it will lose purchasing power month over month, year over year? This is about wealth transfer …. We must protect what we earn, and grow it … even if it belongs to Caesar ;)