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Re: 40 trillion
[Re: yotetrapper30]
#8653230
Yesterday at 09:35 PM
Yesterday at 09:35 PM
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Joined: May 2010
MN
Steven 49er
OP
trapper
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OP
trapper
Joined: May 2010
MN
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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
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Re: 40 trillion
[Re: Steven 49er]
#8653256
Yesterday at 10:59 PM
Yesterday at 10:59 PM
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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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?
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Re: 40 trillion
[Re: Steven 49er]
#8653258
Yesterday at 11:01 PM
Yesterday at 11:01 PM
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Joined: May 2010
MN
Steven 49er
OP
trapper
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OP
trapper
Joined: May 2010
MN
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He tried until he realized the machine is against it.
"Gold is money, everything else is just credit" JP Morgan
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Re: 40 trillion
[Re: white17]
#8653274
12 hours ago
12 hours ago
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Joined: Mar 2007
McGrath, AK
white17

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
McGrath, AK
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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
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Re: 40 trillion
[Re: HobbieTrapper]
#8653319
5 hours ago
5 hours ago
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Joined: Jan 2018
MN
Donnersurvivor
trapper
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trapper
Joined: Jan 2018
MN
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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.
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Re: 40 trillion
[Re: Steven 49er]
#8653325
5 hours ago
5 hours ago
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Joined: Dec 2006
williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
williamsburg ks
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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)
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Re: 40 trillion
[Re: Steven 49er]
#8653326
5 hours ago
5 hours ago
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Joined: Feb 2011
alberta
spjones
trapper
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trapper
Joined: Feb 2011
alberta
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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; 5 hours ago.
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Re: 40 trillion
[Re: Donnersurvivor]
#8653347
4 hours ago
4 hours ago
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Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper
"Chippendale Trapper"
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"Chippendale Trapper"
Joined: Dec 2008
Eastern Shore of Maryland
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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.
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Re: 40 trillion
[Re: HobbieTrapper]
#8653358
3 hours ago
3 hours ago
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Joined: Jan 2018
MN
Donnersurvivor
trapper
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trapper
Joined: Jan 2018
MN
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[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.
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Re: 40 trillion
[Re: Donnersurvivor]
#8653368
3 hours ago
3 hours ago
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Joined: Dec 2008
Eastern Shore of Maryland
HobbieTrapper
"Chippendale Trapper"
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"Chippendale Trapper"
Joined: Dec 2008
Eastern Shore of Maryland
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[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.
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Re: 40 trillion
[Re: Steven 49er]
#8653425
1 hour ago
1 hour ago
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Joined: Dec 2010
Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Armpit, ak
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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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