Makes sense re: the politics. I think there's also a practical side like just ripping off the bandage, the practiced know the pain will go away, the healing proceeds. I personally don't see this all as politics as usual. I see a resoluteness that we need to get through this and the sooner the better. But because of the extent and complexities involved, I expect to see some mitigating to soften the blow to some degree, which is where some of the politics will come back in probably as they should. Some will need some extra care.
The Greatest depression is coming, are you ready?
- Thread starter ZNP
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How to know when things are really bad
Think of the world's economy as a great big ship like the Titanic. You may be down in third class and see a leak, ships deal with leaks all the time and they have pumps to pump out water, that is not proof the ship is going to sink. With the Titanic they had built it so that even if it did have a hole in the side it wouldn't sink because it was compartmentalized. No, the real sign that things are really bad is when you see the elites with their wives and children getting into lifeboats. The last thing they want to do is to leave the party, the food, the music and sit in a little life boat on the cold ocean. So if you see them doing that, then you know things are truly bad. Now in any economy stocks go up and down in value, that is not proof of a collapse, no it is only if people are buying gold and taking possession, that is the life raft they'll go to in the event the economy is sinking.
Think of the world's economy as a great big ship like the Titanic. You may be down in third class and see a leak, ships deal with leaks all the time and they have pumps to pump out water, that is not proof the ship is going to sink. With the Titanic they had built it so that even if it did have a hole in the side it wouldn't sink because it was compartmentalized. No, the real sign that things are really bad is when you see the elites with their wives and children getting into lifeboats. The last thing they want to do is to leave the party, the food, the music and sit in a little life boat on the cold ocean. So if you see them doing that, then you know things are truly bad. Now in any economy stocks go up and down in value, that is not proof of a collapse, no it is only if people are buying gold and taking possession, that is the life raft they'll go to in the event the economy is sinking.
"The reason central banks are buying gold is because they are selling Fiat currency"
🔴 Gold Buyers Need to Hear This! Central Banks Are About to Shock the World - Alasdair Macleod
This is a brilliant way of looking at the current situation and realizing the price of gold going ups is just as much about the value of the US dollar going down. The world is about to go topsy turvy. Imagine the impact of the US dollar going the way of Venezuela.
🔴 Gold Buyers Need to Hear This! Central Banks Are About to Shock the World - Alasdair Macleod
This is a brilliant way of looking at the current situation and realizing the price of gold going ups is just as much about the value of the US dollar going down. The world is about to go topsy turvy. Imagine the impact of the US dollar going the way of Venezuela.
He makes a second great point, as gold goes up silver must go up because the cost of silver is loosely tied to gold. Right now the valuation is 90:1 but historically it is 10:1. So already silver has been tremendously depressed in price, so it is ripe for a short squeeze. So when you see gold rising everyone who is short silver is sweating and if they cover those shorts the price of silver will skyrocket. The ratio is thought to be 250:1, so think of how many people are focused on covering those shorts every time they see silver go up $1 or gold go up $10. Silver is like a rubber band that is stretched tight and at some point it is going to snap and when it does silver will rocket to $300 or more an ounce.
Now that is only half of the picture, the other half is the US dollar will be worth a tenth of what is now. At that point you can forget it being a reserve currency.
Now that is only half of the picture, the other half is the US dollar will be worth a tenth of what is now. At that point you can forget it being a reserve currency.
🔴 The Gold Market is Sending a TERRIFYING Signal (here's what it is) | Ed Dowd
10% of all tax receipts are capital gains from the stock market. So if we have a stock market crash you will have people selling to wipe out capital gains and so in 2026 you will see a big reduction in tax receipts, perhaps by as much as $500 billion.
But it gets worse, layoffs mean fewer tax receipts from employees. Also if the protectionist policies reduce global trade you will have a decrease in corporate tax receipts.
Now Musk is suggesting they might be able to decrease the waster and fraud of the US budget by as much as $1 trillion. But know this, a good chunk of that $1 trillion will return to the US as tax on the income.
Put it all together and conservative estimates of tax receipts will drop by more than $500 billion and perhaps by as much as $1 trillion.
So on one hand Trump may be able to cut the US spending from 7.5 trillion to 6.5 trillion. But at the same time the tax revenue will also decrease from 4.5 billion to 3.5 billion.
Put it all together and conservative estimates of tax receipts will drop by more than $500 billion and perhaps by as much as $1 trillion.
So on one hand Trump may be able to cut the US spending from 7.5 trillion to 6.5 trillion. But at the same time the tax revenue will also decrease from 4.5 billion to 3.5 billion.
@EnergyCynic
The uncomfortable question on reshoring to America.
The Rust Belt went from farm to factory to fentanyl. Can it go the other direction?
Or has the hollowing out of education and work ethic through drugs, welfare and idleness made that impossible to achieve in a generation?
The uncomfortable question on reshoring to America.
The Rust Belt went from farm to factory to fentanyl. Can it go the other direction?
Or has the hollowing out of education and work ethic through drugs, welfare and idleness made that impossible to achieve in a generation?
Brian Wesbury
@wesbury
Wow! Medicare spending is up 39.2% in Fiscal Year 2025 (FY25) versus FY24 (Oct-Feb). Drug benefits have soared by 80%! Boomers aren’t aging this fast. Revenues to Medicare are only up 4.2%. Medicare has added $162.1 billion to the deficit so far in FY25. It’s broken.
Luke Gromen
@LukeGromen
US Medicare & Medicaid benefits are essentially $30-50T in off-balance sheet debt owed in a foreign currency the US cannot print (the US owes hips, knees, Rx, docs' time, not USD.)
This is functionally equivalent to Weimar German war reparations owed in gold Reichsmarks.
@wesbury
Wow! Medicare spending is up 39.2% in Fiscal Year 2025 (FY25) versus FY24 (Oct-Feb). Drug benefits have soared by 80%! Boomers aren’t aging this fast. Revenues to Medicare are only up 4.2%. Medicare has added $162.1 billion to the deficit so far in FY25. It’s broken.
Luke Gromen
@LukeGromen
US Medicare & Medicaid benefits are essentially $30-50T in off-balance sheet debt owed in a foreign currency the US cannot print (the US owes hips, knees, Rx, docs' time, not USD.)
This is functionally equivalent to Weimar German war reparations owed in gold Reichsmarks.
