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Re: 40 trillion [Re: Steven 49er] #8653214
Yesterday at 09:08 PM
Yesterday at 09:08 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Online content
trapper
yotetrapper30  Online Content
trapper

Joined: May 2011
Oakland, MS
Oh go grill a lizard or something, lol.


Regret is the one thing I just won't do ~~ Beth Dutton
Re: 40 trillion [Re: yotetrapper30] #8653230
Yesterday at 09:35 PM
Yesterday at 09:35 PM
Joined: May 2010
MN
S
Steven 49er Offline OP
trapper
Steven 49er  Offline OP
trapper
S

Joined: May 2010
MN
Originally Posted by yotetrapper30
Originally Posted by Steven 49er
Ken, I tend to agree with Elon. I think the only chance we have is AI productivity gains

There is no stomach to contain spending. No one is willing to make the sacrifices.

Angela he is saying all there needs to be said.

This is no longer a R or D issue.


I guess I misunderstood your previous post. I thought you were getting at that we need to go back to a gold standard....


We need to go to some form of sound money standards. I don't see it happening without a collapse.


"Gold is money, everything else is just credit" JP Morgan
Re: 40 trillion [Re: Steven 49er] #8653234
Yesterday at 09:38 PM
Yesterday at 09:38 PM
Joined: Jan 2012
Ohio, 48yo
OhioBoy Offline
trapper
OhioBoy  Offline
trapper

Joined: Jan 2012
Ohio, 48yo
gold and silver are up this month.

Re: 40 trillion [Re: Steven 49er] #8653256
Yesterday at 10:59 PM
Yesterday at 10:59 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Online content
trapper
Dirt  Online Content
trapper
D

Joined: Dec 2010
Armpit, ak
Originally Posted by Steven 49er
Ken, I tend to agree with Elon. I think the only chance we have is AI productivity gains

There is no stomach to contain spending. No one is willing to make the sacrifices.

Angela he is saying all there needs to be said.

This is no longer a R or D issue.

Elon who claimed he could cut 2 trillion out of a 6 trillion budget?


Who is John Galt?
Re: 40 trillion [Re: Steven 49er] #8653258
Yesterday at 11:01 PM
Yesterday at 11:01 PM
Joined: May 2010
MN
S
Steven 49er Offline OP
trapper
Steven 49er  Offline OP
trapper
S

Joined: May 2010
MN
He tried until he realized the machine is against it.


"Gold is money, everything else is just credit" JP Morgan
Re: 40 trillion [Re: Steven 49er] #8653262
Yesterday at 11:13 PM
Yesterday at 11:13 PM
Joined: Dec 2010
Armpit, ak
D
Dirt Online content
trapper
Dirt  Online Content
trapper
D

Joined: Dec 2010
Armpit, ak
Flim flam.


Who is John Galt?
Re: 40 trillion [Re: Steven 49er] #8653263
Yesterday at 11:15 PM
Yesterday at 11:15 PM
Joined: May 2010
MN
S
Steven 49er Offline OP
trapper
Steven 49er  Offline OP
trapper
S

Joined: May 2010
MN
I suppose


"Gold is money, everything else is just credit" JP Morgan
Re: 40 trillion [Re: white17] #8653274
11 hours ago
11 hours ago
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK
Originally Posted by white17


I think Druckenmiller has laid out his thinking. Deficit reduction is the right tool. However that requires a credible fiscal policy that we are unlikely to ever see until it is too late.

We have tax revenues up 5% but spending is up 8%. That will never pencil out to 'deficit reduction'.

It is really interesting to watch though. You have B And ....Druckenmiller worked for Soros !

We live in interesting times for sure


Man i can't believe how much I blew that statement. I just had eye surgery monday and am trying to type with a patch on my right eye.

I meant to say.......You have Bessent and Warsh who both worked for Druckenmiller and Druck worked for Soros.


I think a lot of people are counting on AI increasing productivity and it certainly will in some fields. On the other hand I can't imagine a large enough increase in productivity and thus GDP, that will be able to offset deficit spending.

And White Marlin makes a good point that any increase is likely to be taxed and spent


Mean As Nails
Re: 40 trillion [Re: Steven 49er] #8653301
6 hours ago
6 hours ago
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
alberta
The closer you are to the printer,,,,,the better!

Sadly

Re: 40 trillion [Re: Steven 49er] #8653318
5 hours ago
5 hours ago
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
Can someone please explain why we should be worrying when our lifestyle is currently unchanged…..in layman’s terms.

Re: 40 trillion [Re: HobbieTrapper] #8653319
5 hours ago
5 hours ago
Joined: Jan 2018
MN
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper

Joined: Jan 2018
MN
Originally Posted by HobbieTrapper
Can someone please explain why we should be worrying when our lifestyle is currently unchanged…..in layman’s terms.


Like I said before.

Remember the housing market in 2008? It was fine right until it wasn't. The longer we try and put off the financial reality the worse it's going to bite us.


Founding member of T-Man Genius club! If you didn't receive aninvite you failed to qualify, sorry.
Re: 40 trillion [Re: Steven 49er] #8653325
5 hours ago
5 hours ago
Joined: Dec 2006
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
williamsburg ks
1929 the lives of ordinary people were dramatically changed. IF we have another economic collapse the same thing will happen.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: 40 trillion [Re: Steven 49er] #8653326
4 hours ago
4 hours ago
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
alberta
If you’re not feeling it in your wallet,household expenses,taxes,home values,school tuition,savings,investments ,,,,,,,



You’re a zombie,,,, or possibly a Canadian,,,,,,

Last edited by spjones; 4 hours ago.
Re: 40 trillion [Re: Steven 49er] #8653342
4 hours ago
4 hours ago
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
I don’t feel like a zombie, unless you mean unchanged. lol

Re: 40 trillion [Re: Donnersurvivor] #8653347
4 hours ago
4 hours ago
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
Originally Posted by Donnersurvivor
Originally Posted by HobbieTrapper
Can someone please explain why we should be worrying when our lifestyle is currently unchanged…..in layman’s terms.


Like I said before.

Remember the housing market in 2008? It was fine right until it wasn't. The longer we try and put off the financial reality the worse it's going to bite us.


I remember, it was more advantage to us than disadvantage.

Re: 40 trillion [Re: Steven 49er] #8653355
3 hours ago
3 hours ago
Joined: Jan 2007
central Haudenosaunee, the De...
W
white marlin Offline
trapper
white marlin  Offline
trapper
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Joined: Jan 2007
central Haudenosaunee, the De...
and it didn't crash the entire economy.

Re: 40 trillion [Re: Steven 49er] #8653357
3 hours ago
3 hours ago
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
As you pointed out, the collapse is coming but it’s in granny gear. lol

Re: 40 trillion [Re: HobbieTrapper] #8653358
3 hours ago
3 hours ago
Joined: Jan 2018
MN
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper

Joined: Jan 2018
MN
[qurrently unchanged…..in layman’s terms.[/quote]
I remember, it was more advantage to us than disadvantage.[/quote]

Some got rich during the great depression also, they're will always be opportunities, Hopefully we're in a position to take advantage of them


Founding member of T-Man Genius club! If you didn't receive aninvite you failed to qualify, sorry.
Re: 40 trillion [Re: Donnersurvivor] #8653368
3 hours ago
3 hours ago
Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Eastern Shore of Maryland
Originally Posted by Donnersurvivor
[qurrently unchanged…..in layman’s terms.
I remember, it was more advantage to us than disadvantage.


Some got rich during the great depression also, they're will always be opportunities, Hopefully we're in a position to take advantage of them[/quote]

I would like to say it happened like I planned but that was all God and His timing.

Re: 40 trillion [Re: Steven 49er] #8653425
1 hour ago
1 hour ago
Joined: Dec 2010
Armpit, ak
D
Dirt Online content
trapper
Dirt  Online Content
trapper
D

Joined: Dec 2010
Armpit, ak
You see it in the crumbling infrastructure and poor government service. However, entitled are not affected yet.


Who is John Galt?
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