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Posted on 01/30/2025 9:33:44 AM PST by delta7
“I have messages thanking me for Armstrong’s work, “
So, you now admit YOU ARE ARMSTRONG!
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Notably, as Argentina's Milei and others have demonstrated, major cuts in government spending can restore real economic growth and make it possible to reduce debt loads even in chronic basket case economies. Trump and DOGE are now undertaking a similar effort on behalf of the US, albeit in much less dire circumstances.
In a projected global debt reckoning, the United States has a privileged position due to our political stability, immense productive capacity, technological skill, cultural appeal, and global military power. These underpin the dollar's role as the primary global trade and reserve currency. Indeed, much of the dollar creation and borrowing that the US has engaged in over the last fifty years was spurred by the global demand for dollars and associated US government debt instruments.
The bottom line: the global debt bomb is likely to be gradually defused, country by country, year by year. As that happens, a general crisis will be avoided and the demand for dollars and US government debt will continue to benefit the US. That will provide the opportunity to put our own finances in better order.
As for central bank gold buying, it is more a hedge than a sign of impending doom. Living in Florida and having experienced many hurricanes, you lay in supplies and prepare for the worst but, in the event, most hurricanes are not very bad. So also with warnings of general economic crisis. Most such crises never quite materialize even though people, countries, and central banks take precautions.
Armstrong has predicted 15 of the last 2 crises.
“I have messages thanking me for Armstrong’s work, “ So, you now admit YOU ARE ARMSTRONG!I like that! It's a classic!
The movie The Big Short about the 2007 to 2008 financial crisis provides an entertaining and essentially accurate account of how a group of hedge fund contrarians made a killing. As it happens, the now wealthy operators profiled in that movie recently shut down their short seller hedge fund. Why? They have gone long because they see the US and global economies as strong enough to make even them bullish.
Knowing what is takes some effort.
Knowing what will be is frequently just a guess.
Humans have become quite adept at muddling through.
LOL ... you got the stalker/alter ego troll”s” to post to himselves (😂), again!!
Good work.
The dolt doesn’t even realize you can receive messages, here, via PM.
Double bust! 😂
In real time, or with a delay?
Armstrong tracks ALL the world’s capital movementsTwo things to note:
In real time, or with a delay?
Not our problem.
Let ‘em starve.
The spending won’t stop.
The debt cannot be paid, nor traded.
This cannot end well, and people who think that Armstrong is just wrong aren’t thinking past that short-sighted little quip.
It doesn’t matter if Armstrong is right or wrong, because the spending won’t stop, and the debt cannot be paid, nor traded.
It’s a matter of simple mathematics.
Why can't debt be paid or traded?
There are no resources in adequate supply to pay for it. Trading it has the same problem.
Even if you went around the world trading debt until every nation owned their own debt...those nations...just about all of them...have no way to cover it.
Debt must be paid for with wealth. That means there must be resources to cover that debt. Trying to pay for it with fiat “money”, just causes hyperinflation in any...and probably every...economy.
Starting to seem 1930s stuff coming back around.
How then did Argentina elect Milei and pull back from the brink? Eventually, unproductive and unnecessary spending stops when it can no longer be sustained. For the US, I hope and expect that will come sooner.
If you want TXGator and Moneyback to see your post, you need to add them in the TO: field at the top of the posting page.
Simply put a semicolon and then the username, repeat as needed. It even states that right after the word TO:
It is also considered proper practice to add usernames to the TO: field if you mention their username in your post.
You should know these things by now, but now you cannot claim you don’t.
So, you’re welcome.
P.S. There is no user named TXGATOR. If you are trying to get a user’s attention, you should at least get their screenname correct.
Thank you.
Yet you constantly bring them up in your posts. Are they living in your head ?
I can buy and sell US Treasury debt.
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