You are 100% correct BooBoo. Every Federal Reserve Issued note represents one unit of debt owed to the Federal Reserve. It is backed only by pure 100% debt. Debt obligations of other countries but for the most part it is backed by the Bond [ a fancy piece of paper printed and created by the government that they get to pay interest on ] that created it. That Bond has the power to take back that which it created aka the governments promise to tax every citizen. What a Ponzi...
One-Trillion in Hundees covers a football field 4Ft High - do the math, X36 = 144Ft. - stack two Bronx (or Baltimore) housing project-sized stacks piled one on the other in Franklins... the system is working exactly as designed. "In what world does it make sense to continue to give money we do not have to other nations? We must get our country out of debt and stop taxing our people to solve other nations' problems." [GM]
That's a TON of cash Doug !! It definitely doesn't make any sense in our world to fleece the American people and give our buying power to 3rd world nations to make us into a 3rd world nation and line the pockets of politicians in those countries.
America is a roadblock for the Globalist Cartel - they don't like the sanctity of our system (sovereigns living as Kings under a Lawful Servant Govmt. Republic/Constitution)...unfortunately the system has switched from a surveilance economy to an even more totalitarian acceptance of a confiscation economy. Americans get the short-shrift and the stink eye.
Greg, in all fairness, you told us many times that a stonk market meltdown would begin with an uncontrolled rate spike in the debt market. However, the 10 year treasury has descended since January and appears to have stabilized between 4.2%-4.3% for the past couple of weeks. The MMRI has dropped 30-40 points over the past 8-9 weeks. If this current stonk market meltdown is “The Big One”, your previous theory has been proven incorrect. On the other hand, this could be merely a correction…..only time will tell. Cheers.
The death of the dollar
Getting there.
Love ya Greg 🙏🏼
Right back at ya!
To all of the American posters here!
Please wake up!
Your USA is broke has no money all it has is debt.
Government Debt $ 34 ++++++Trillion
Household Debt $ 18 +++++++ Trillion
And your USA has no gold in Fort Knox....
You are 100% correct BooBoo. Every Federal Reserve Issued note represents one unit of debt owed to the Federal Reserve. It is backed only by pure 100% debt. Debt obligations of other countries but for the most part it is backed by the Bond [ a fancy piece of paper printed and created by the government that they get to pay interest on ] that created it. That Bond has the power to take back that which it created aka the governments promise to tax every citizen. What a Ponzi...
One-Trillion in Hundees covers a football field 4Ft High - do the math, X36 = 144Ft. - stack two Bronx (or Baltimore) housing project-sized stacks piled one on the other in Franklins... the system is working exactly as designed. "In what world does it make sense to continue to give money we do not have to other nations? We must get our country out of debt and stop taxing our people to solve other nations' problems." [GM]
That's a TON of cash Doug !! It definitely doesn't make any sense in our world to fleece the American people and give our buying power to 3rd world nations to make us into a 3rd world nation and line the pockets of politicians in those countries.
America is a roadblock for the Globalist Cartel - they don't like the sanctity of our system (sovereigns living as Kings under a Lawful Servant Govmt. Republic/Constitution)...unfortunately the system has switched from a surveilance economy to an even more totalitarian acceptance of a confiscation economy. Americans get the short-shrift and the stink eye.
I thought the faster the real economy deteriorates, the higher stonks go?
This has been the theme for years. We all knew that there would be a breaking point, looks like we may be here. makes sense?
Greg, in all fairness, you told us many times that a stonk market meltdown would begin with an uncontrolled rate spike in the debt market. However, the 10 year treasury has descended since January and appears to have stabilized between 4.2%-4.3% for the past couple of weeks. The MMRI has dropped 30-40 points over the past 8-9 weeks. If this current stonk market meltdown is “The Big One”, your previous theory has been proven incorrect. On the other hand, this could be merely a correction…..only time will tell. Cheers.
This is not THE BIG ONE, IMO, So nothing has been proven incorrect.
A dollar hit 70 as a low 20 years ago has been a relative uptrend since then there is no death of the dollar. brics is a big bust
Hey Greg,
Been watching you since the beginning. We've seen a lot of them come go and just as many still slinging the same old crap. Gotta say Luv Ya Greg.