Posted on 08/24/2020 7:53:59 AM PDT by Roman_War_Criminal
By the way, the following link is to a long documentary on what we are discussing. May have to watch it in multiple sittings, but it is undoubtedly worth the time.
https://m.youtube.com/watch?v=mB-pdPaQNKA
Thanks. I will try to download that and watch it later.
2 Peter 3:3-4
You walk and talk like a duck.
“My monthly food bill is almost twice as much as I was paying in 2019”
Just that alone should tell most people that there is a major supply & logistics problem.
My steaks that usually cost $18-$23 are now in the $40 range.
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Excellent analysis, LS. I am quite impressed, as there are many very good thinkers (e.g., Mark Levin) who are helpless when it comes to business and the eoonomy.
Not only are we in a hard-core deflationary period, but the FED and Treasury are fighting to prevent the type of runaway deflation that could lead very quickly to Great Depression II.
The same RISK hit us in the 2008-09 collapse, when the velocity of money slowed to a near halt. This is a sign of dangerous deflation, reflecting the general idea that if prices are falling, it is unwise to make purchases today.
The stock market and gold are rising together now, which is unusual, and indicates that these are asset bubbles ... meaning the vast sums being dropped into the economy by Fed and Treasury are not all finding their way into economic activity.
The BULLISH CASE, as I see it (and I am currently stock-bullish) is that such asset bubbles can go on inflating for years. One wouldn't want to have missed the upside profits of the Internet bubble, the credit derivatives bubble (2003-2008) or the current "Easy money" bubble. Just gotta figure our when to bail.
What about Option #3.... Jubilee but what do I know as I’m just a hillbilly from Central Texas.
Sounds awful! The Fed must do something evil with the interest the earn, eh?
Trump has effectively taken control of the Federal Reserve and forced them to zero interest.
So what?
He likely has no intention of paying this money back
He's going to default on US Treasury debt? You sure that's a good idea?
as he plans to bankrupt the Fed
You don't understand the definition of bankrupt, do you?
(of a person or organization) declared in law unable to pay outstanding debts.
Who did the Fed borrow from? What interest are they paying? Why can't the Fed pay its outstanding debts?
Like I said get informed about how our currency is created and how the Federal Reserve works. Because by the questions you are asking you don’t currently know. Or just stay uninformed and you will find out what’s going to happen when Trump rolls it out. It’s probably not important for you to understand.
You keep pretending you're well informed and then you post things that show you're not. At all.
Monetary policy is one thing, but not understanding bankruptcy. Just silly.
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