Worst is yet to come. Donald "The Beast" Trump is building a wall once again. Colossal tariff wall that is the beginning of the end for the system of down. At first the beast will pull the plug out of the global economy. The worst financial crisis of human history will pull a swarm of the banks underwater and the bank run begins. Then the beast will collapse a mountain of debt shattering the backbone of the monetary system causing a systemic risk to realize. Finally the beast will cast American citizens into a system slavery under the name of Ronald Wilson Reagan, just to "honor his legacy" count the number. After the destruction a new world order will be established in the US. And the Golden Age begins from the ruins of the world wide collapse. All of the system slaves will love it. No more cash - just digital transactions. No more traditional criminal activity. No more tax evasion. No more transactions without the "all seeing eye". Outcasts will hate the world without freedom, hope and privacy. To cover up the mess and distract the public by smoke and mirrors, the beast will engage in a war with Iran. Lies and deceit, corruption and decay, dancing on the graves will continue. Until; Black hole sun, won't you come, won't you come... I want to play a game. Time has come to opt out of the empire of filth. Live or die...
Brilliant interview. Retired teacher, here--past contributor to Balint. Inspired by her clarity, beliefs & courage, I donated again--via trump's new target, Act Blue!
ps: About Marco Rubio--his parents immigrated to the USA in 1956 & still weren't citizens when Rubio was born in '71. That was their choice, but Rubio's hypocrisy & bending over to trump must eat at him 24/7. trump would've imprisoned/deported Rubio's parents.
Oh--his parents became U.S. citizens in 1975, almost 20 years after living & working in the US.
Great conversation as always. Rep. Becca Balint is fire brand. Like you both I still can't my head around the cowardly living of the House Republicans and the Republican Senators. I wonder if they have gotten rid of all the mirrors in their homes. They might not like what they'd see if they looked in a mirror. Keep pushing us all to stand up and push back. Thanks for all you do Lisa and Becca. Take care.
People that are stopped from fighting back, speaking out, whatever, at this point, need to understand that if you don't do it now, it only gets harder and more dangerous later.
Also, if Trump were to succeed, unless you were always 100% on the Trump train, one of the "old fighters", you are suspect at best. That goes for Murkowsi, Collins, and Tillis.
One of the first things Hitler did was go after the SA, the Night of the Long Knives.
Govt stats on COL and how it's calculated doesn't reflect the "real" inflationary aspects of COL as independently verified by private companies such as Shadowstats and Chapwood Index
These companies tell the true story which the Feds don't want you to know but are clearly reflected in our "real" experience The reason that the Fed hides behind their inflation model is they don't want the American public to know that the purchasing power of the fiat currency they hold in their wallets is 95% of what it was in 1971 when the US went off the gold standard
By going off the gold standard the Fed has been able to produce mountains of bad debt over the decades by quantitative easing(QE) leading to the largest debt bubble in world history Now the foreign investors see the fiat dollar as a liability and in the ensuring years we will see its collapse The stage is set Get out of credit and get into gold The price of gold going up means that the purchasing power of the dollar is going down
Gold isn't without risks, especially when inflated in value. In times of panic or fear, it goes up in value, but people buying on emotions right now could lose in the long-run, couldn't they? (Unless the stock mkt collapses, which could serve gold investors.)
No doubt, an oz. of gold in 1995, <$500, is approaching $3500/oz. today.
But a $500 CD in 1995, renewed every 5 yrs, would be doing pretty well, too. And it contributed to the economy via investments, loans, etc.
As Warren Buffett says, gold doesn't do anything, and "if you own an ounce of gold for eternity, you will still own one ounce at its end."
That said, I agree w/you that some extra gold in the family coffers would not be a bad thing!
the data shows that gold is not inflated in value...it is remarkable that in terms of the price of gold the price of a toga in Roman times is the same today as it was then....less controversial is the price for a barrel of oil over a shorter time span
my point is that this is not emotional buying when one knows the price reflects the loss of the purchasing power of the fiat dollar due to excessive Fed QE
Buffet is correct....gold as a standard over millenia and has no counterparty risk....soooo when there is no inflation there is no gain in the value of an ounce of gold....but if there's inflation different story Gold is just a store of value, not a generator of wealth unless there's runaway inflation Currently using Chapwood Index inflation is between 12-18% and feels like it
There’s a meme on BlueSky that says, “First they came for Ukraine, and I spoke out right away because I remember the rest of the fuckin’ poem”
Right? As the saying goes “There you have it.”
Worst is yet to come. Donald "The Beast" Trump is building a wall once again. Colossal tariff wall that is the beginning of the end for the system of down. At first the beast will pull the plug out of the global economy. The worst financial crisis of human history will pull a swarm of the banks underwater and the bank run begins. Then the beast will collapse a mountain of debt shattering the backbone of the monetary system causing a systemic risk to realize. Finally the beast will cast American citizens into a system slavery under the name of Ronald Wilson Reagan, just to "honor his legacy" count the number. After the destruction a new world order will be established in the US. And the Golden Age begins from the ruins of the world wide collapse. All of the system slaves will love it. No more cash - just digital transactions. No more traditional criminal activity. No more tax evasion. No more transactions without the "all seeing eye". Outcasts will hate the world without freedom, hope and privacy. To cover up the mess and distract the public by smoke and mirrors, the beast will engage in a war with Iran. Lies and deceit, corruption and decay, dancing on the graves will continue. Until; Black hole sun, won't you come, won't you come... I want to play a game. Time has come to opt out of the empire of filth. Live or die...
Brilliant interview. Retired teacher, here--past contributor to Balint. Inspired by her clarity, beliefs & courage, I donated again--via trump's new target, Act Blue!
ps: About Marco Rubio--his parents immigrated to the USA in 1956 & still weren't citizens when Rubio was born in '71. That was their choice, but Rubio's hypocrisy & bending over to trump must eat at him 24/7. trump would've imprisoned/deported Rubio's parents.
Oh--his parents became U.S. citizens in 1975, almost 20 years after living & working in the US.
Great conversation as always. Rep. Becca Balint is fire brand. Like you both I still can't my head around the cowardly living of the House Republicans and the Republican Senators. I wonder if they have gotten rid of all the mirrors in their homes. They might not like what they'd see if they looked in a mirror. Keep pushing us all to stand up and push back. Thanks for all you do Lisa and Becca. Take care.
"What is going on?" The MAGA representatives are not mental midgets; they're moral midgets.
People that are stopped from fighting back, speaking out, whatever, at this point, need to understand that if you don't do it now, it only gets harder and more dangerous later.
Also, if Trump were to succeed, unless you were always 100% on the Trump train, one of the "old fighters", you are suspect at best. That goes for Murkowsi, Collins, and Tillis.
One of the first things Hitler did was go after the SA, the Night of the Long Knives.
The Cost of Living(COL) Has Crippled Americans
Govt stats on COL and how it's calculated doesn't reflect the "real" inflationary aspects of COL as independently verified by private companies such as Shadowstats and Chapwood Index
These companies tell the true story which the Feds don't want you to know but are clearly reflected in our "real" experience The reason that the Fed hides behind their inflation model is they don't want the American public to know that the purchasing power of the fiat currency they hold in their wallets is 95% of what it was in 1971 when the US went off the gold standard
By going off the gold standard the Fed has been able to produce mountains of bad debt over the decades by quantitative easing(QE) leading to the largest debt bubble in world history Now the foreign investors see the fiat dollar as a liability and in the ensuring years we will see its collapse The stage is set Get out of credit and get into gold The price of gold going up means that the purchasing power of the dollar is going down
Gold isn't without risks, especially when inflated in value. In times of panic or fear, it goes up in value, but people buying on emotions right now could lose in the long-run, couldn't they? (Unless the stock mkt collapses, which could serve gold investors.)
No doubt, an oz. of gold in 1995, <$500, is approaching $3500/oz. today.
But a $500 CD in 1995, renewed every 5 yrs, would be doing pretty well, too. And it contributed to the economy via investments, loans, etc.
As Warren Buffett says, gold doesn't do anything, and "if you own an ounce of gold for eternity, you will still own one ounce at its end."
That said, I agree w/you that some extra gold in the family coffers would not be a bad thing!
the data shows that gold is not inflated in value...it is remarkable that in terms of the price of gold the price of a toga in Roman times is the same today as it was then....less controversial is the price for a barrel of oil over a shorter time span
my point is that this is not emotional buying when one knows the price reflects the loss of the purchasing power of the fiat dollar due to excessive Fed QE
Buffet is correct....gold as a standard over millenia and has no counterparty risk....soooo when there is no inflation there is no gain in the value of an ounce of gold....but if there's inflation different story Gold is just a store of value, not a generator of wealth unless there's runaway inflation Currently using Chapwood Index inflation is between 12-18% and feels like it
You've made good points. Thanks.
Now, I have a toga to look for in the attic.
Wow let me know if you find one!!