It is the heart of Globalism.
This chart goes even higher in the pyramid.
There are secret organizations above this, the Committee of 300 and the Council of 13.
I know, "conspiracy" stuff that should be in novels.
But it's true.
Posted on 03/26/2020 6:29:11 AM PDT by j.argese
Okay, I’ve been trying to do some research as to when “The Dafficit” (Hat tip to Daffy Jim Sasser) became a thing. About the only people nuttier than gold bugs and audit the fed crack pots. Country will never be broke, it can do something you or I CAN’T do.
So when did this political-financial flim-flam get started and who did so?
People with savings in "dollars" see them eroded week by week. The New York Times cost five cents when I left for college in 1964. Now it's $2.50. Money is supposed to be, among other things, a store of value. That's something those stupid gold bugs understand, along with every honest economist in the world. You could do worse than to read John Kenneth Galbraith's Money. But my personal recommendation is Irwin Schiff's The Biggest Con.
ML/NJ
Brevity is the soul of wisdom.
Yikes! Well...look at the positive side, obesity will drop significantly in the country. I recall reading people were more healthy in Europe during WWII when food was expensive.
I don’t believe we should audit the Federal Reserve. Just shut it down completely.
So, how did the former Soviet Union, Cuba, North Korea, and Venezuela get into such bad shape?
It is the heart of Globalism.
This chart goes even higher in the pyramid.
There are secret organizations above this, the Committee of 300 and the Council of 13.
I know, "conspiracy" stuff that should be in novels.
But it's true.
These things will, working 24 hours a day without breaks or sleep. The bigger question is what will half the people do for jobs?
Fix the robots, but I assure you not all these jobs will go the way of robots. Robots are only as smart as the folks the program them, and the folks that program them don’t hang sheetrock. The folks that hang sheetrock actually know how to do it.
Shepherds may not have been Rhodes scholars, but they knew how to herd sheep. Knowledge Transfer is not equal to Skill Transfer. Pointy-heads will have you believe that it is.
Hey. That's almost profound. But you might try find a smaller word or two in your quest to be brief.
ML/NJ
Well, think on this.
The President persuaded the fed to lower interest rates to 0% or near 0%. The fed can now float bonds at near 0% interest and use that money to retire existing bonds with a higher, real rate.
The end result is federal debt at no interest.
If there is no interest then the budget deficit due to debt interest goes to $0
Now, is that a deal or what?
We had our national debt paid off in 1835-1836,yet the Great Depression of 1837-1844 still happened.
From 1920-1930 the Federal Government ran a surplus for 11 straight years while paying down debt from WW1. It didn’t stop the Great Depression of 1929-1941 from occurring.
National debt hawks, like getting their asses kicked in American elections.(see Congressional Elections from 1932-1994)
Unless you are ready to get solidly behind a really high import tariff to protect industry and to raise revenue then the please shut up about the deficit. I cannot take the hypocrisy.
A 20%-25% import tariff would solve all of our financial and most of out socio-econmaic problems.
You can’t discuss national debt without including tariffs and the income tax. Can’t be done.
FReegards j!
I did not follow you with this, sorry.
If you are trying to be provocative, I think I understand but that is way too deep for us.
I do follow Bill Still on YouTube. Is that where you are coming from?
Be safe over there. Don’t panic, but don’t be getting too close either. Keep telling the young people to wash their hands, it really does work!
If you mean “starving” you have a more accurate picture of Europe during the war.
It started with the invention of double entry accounting.
The crackpots are the ones who refuse to accept that the Fed is audited every year and has been for decades.
I’ve looked at our debt over our history. Hate to say this but our current problems started under Reagan. The debt exploded under him, the biggest increase during peace time. It has continued to explode under every other President, except for Clinton.
Democrats have always been a tax and spend party. Starting with Reagan Republicans became cut taxes and spend party.
Don’t get me wrong I think Reagan, overall, was a great President. But he did light the fuse on this debt bond that is going to, most probably, take us down.
The Democrats don’t care about the deficit unless a Republican is in the White House. And the Republicans don’t care about the deficit unless a Democrat is in the White House. It’s always been that way.
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