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George it’s all Fugazi the whole monetary system along with the buffoons looting America and its people.
“Hyperfailures” is the gift from this video
The US is on life support
The US is finished.
Time for the rest of the world to pull the plug
The CAPEX spending isn’t propping up the US economy. It’s only propping up the *financial* economy. To those of us who have to check our bank balance while choosing items in the grocery isle, this is a crucial difference.
Its propping up the services economy a little..but thats about to screeching halt also
I guess it depends on what profession you’re in. 32,000 NVDA employees are millionaires thanks to CAPEX spending. They aren’t checking their bank balance before shopping.
I have a feeling that when everything finally does go down, a lot of money will evaporate out of the economy because it was never truly there to begin with. Accounting tricks, loans that should never have been issued, stock and asset valuations that have no basis in reality are going to be corrected. The best quote I heard on this was, “The true profits are the debts we made along the way.”
Actually u all should k wo what will happen. The damn govt will be leaned on to bail out these f’ers! And bec trump has stake Ina. Number of them guess who will be magically bailed out by the lousy public!!!
Debt deflation should reduce gold price indeed if there is real credit crunch prolonged
@saravanaprabu8475 yes, but it won’t go down as much as everything else. I think the gold/silver holders will be the ones reinvigorating the economy at that point because they will be reallocating their savings into other tangible assets such as real estate and businesses.
It’s a huge insider grift. As Americans go bankrupt, they get richer.
All fiat currencies have failed throughout history. The US dollar isn’t any different. Fiat currencies are created with the full knowledge that they eventually will fail. It’s a design feature of fiat currencies so that the government could “tax” it’s citizens through devaluation. The US dollar is about 97% through its lifespan and will cease to exist in about 10 to 15 years. If you don’t own gold and silver, your wealth will also be zero the day that happens.
I recommend having a high (90%+) percentage of your wealth in gold and silver to retain all that hard work you performed over your lifetime. Gold preserves your wealth and silver will be used as “money” pretty soon.
Your humor has worthy targets, which I appreciate.
I like the pillar of the economy picture in the currency. That was so funny!!
100% 😂
“Pat” from SNL 😂😂😂
It all goes back to as George illustrates this is what happens but nobody has a crystal ball to know the exact future
You keep breaking out in laughter because THIS IS SOOOOOOOO ABSURD! 😮
it’s not money, it’s currency
Yes CURRENCY the HKD the Hong Kong DOLLAR 😮
its debt abay and debt is GOOD economy is fine go all in
Ultimately, their only remaining option in the near future will be revaluing gold to an unbelievable amount.😊
The boot kicking the can down the road is wearing very thin.
We’re gonna need a softer can
Looks like Jpow got out of Dodge just in time!
This is gonna make a damn good movie.
US debt both private and public is clashing with each other.
what debt everyhting is fine business is booming baby
The United States is like a drowning man, grasping for anything that will keep him from going under.
Another thing about the TGA is that it is used to pay federal employees and pay off stuff like welfare and social security. It’s funded by issuing debt but also by TAXES paid by citizens. It’s a “steal from Peter to pay Paul” or in this case steal from Main Street to pay these hyperlosers so they don’t blow up. It’s insane. Bloomberg said it best. Bessent is probably being told from all sides “DO SOMETHING, SCOTT!” or else the republicans will never win a majority in the senate or the house ever again because of this fumbling.
Love the detail Moody with “blue hair”, not wrong on that one.
TGA is just a ledger account in which they enter numbers.