[cuban leaf]

An important thing to remember: If Zimbabwe goes bust, or Argentina, or Japan, it’s a very bad thing for them. If the US goes bust, it is a very bad thing for the world.

[for-q-clinton]

I’m in Japan right now and they are fixing their issue by a weak yen. They are bringing in a ton of foreign money due to the weak yen and the high productivity. They didn’t fall victim to the covid pay to stay home game. They still work like they did pre-covid. So they had no drop off in productivity as the USA did.

Honestly I think the USA would go bankrupt before Japan does...they still work over here.

[stig]

The “Big Beautiful Bill” that the Trump administration is championing will increase the U.S.’s fiscal deficit by nearly $4 trillion over the next 10 years.

garbage statement with no reference. I will presume this is based on static scoring which is also garbage since much of the so called tax reductions come in the form of leaving present tax rules in place and not let them sunset and raise taxes.

You raise taxes you will kill the economy. GDP will go flat or worse decline. Debt to GDP ratio will go up making things worse.

If you read the debt to GDP ratio chart we are already down from the COVID highs. There was nothing that the Biden shadow regime did to accomplish that. Now President Trump is trying to put in place a pro growth agenda and we get all the debt hawks and gold bugs crying foul.

Gold also already went up significantly from over a year ago (Biden shadow regime has credit for that) we have come off our April highs in the 3400 range. So you have missed the lion share of the increase already.

Pass the big beautiful bill!

Put more than 10% of your wealth into Gold at your own risk (opinion not financial advice).

Income tax cuts are always good the more broad the better they are.

Even better would be to repeal the 16th amendment altogether (17th too while we are at it).

[PGR88]

“going bust” is a relative term. The US Government can’t go bust, because the debt is denominated in a currency it can print.

But, holders of debt can demand higher interest rates, and/or the constant monetizing of new debt will create higher inflation.

Probably a mix of both.

[Karl Spooner]

Looks like we should have focused on the economy instead of starting wars all over the planet.

.

Source

[Vaduz]

Wasteful Spending = Financial Irregularities

Elon still giving notices