Non-government cryptocurrencies such as Bitcoin are increasingly in the Deep State’s crosshairs for hijacking or eliminating as the effort to impose a Central Bank Digital Currency (CBDC) on humanity picks up speed, warned The New American magazine’s Alex Newman in this episode of Behind The Deep State. Some major governments are already looking into an outright ban of Bitcoin, Ethereum and more amid an escalating war on cash. The end goal is to destroy privacy and freedom using money as the tool.
At what point does the naked shorting of gold and silver, especially silver cause a force majeur so that true price discovery can occur? Dollar up, stocks up, Bitcoin ("safe haven") up but gold and silver pounded down?? It's a friggin joke.
Friday's disaster of a jobs' increase of only 12K (versus last month of 254), with Private payrolls dropping to negative 28K, illustrates the growing imbalance and dependency the US has on the Federal Government. If it wasn't for government jobs growing by 40K, the US would be shrinking its total employed workforce.
Payments from the government have become the fastest-growing source of income for Americans, according to a report by the Economic Innovation Group (EIG), a public policy research organization, titled “The Great Transfer-mation”. It states that Americans have become substantially more dependent on government support, with the share of national income coming from transfer payments more than doubling over the past 50 years.
More and more political talk out of Washington is about the increasing need for Universal Basic Income (UBI) - especially with over ~15M in new immigration paroles.
The evidence shows UBI would cause people to work less and relax more.(duh) Insofar as the case for UBI is built on unleashing the stifled engine of human creativity, it seems like UBI just isn’t up for the job!END
That is NOT what has made America great! America is/was great because it offered equal opportunity! Opportunity that existed if one was willing to WORK! Opportunity it offered to idiots like me who was willing to work the opportunity to better myself and retire at 47.
Wonder why interest rates are going UP? Gordon T Long points out perhaps the reality of Trump's fiscal plan and its implications, this was posted 2 days before the election;
TWO VERY BAD FISCAL CHOICES!
FACT: No matter who you vote for, we are going to get increasingly larger rates of debt growth and bigger government.
HARRIS / WALZ POLICIES
We are consistently told their policies are about taxing the rich and greedy corporations. How does that work?
TAX THE RICH - We have a $35T Deficits and they expect to increase it by over $5.5T to fund their new programs when:
The top 1% pays 46% of income taxes.
The top 5% pays 66%.
The top 10% pays 76% of all income taxes
On the other end, by contrast
The bottom 50% pays just 2.3% of total individual income taxes.
40% of all families pay no income tax at all.
The 84,000 new IRS hires are not going to be needed to chase the rich! They are coming after the Small Business, Corporations, Capital Gains Tax (your deferred untaxed IRA Retirement Accounts) and the Middle Class (100-400K/Annum).
Is that you??
TRUMP / VANCE POLICIES
Trump's plan is so frightening to Wall Street with his poll numbers increased that we have witnessed exploding:
Bond Yields Up 70 bps in 30 days as his chances increased (bond value thereby plummeting).
Bitcoin above $70K,.
Gold and Silver at New Highs,.
US Credit Default Swaps (US Default Risk) exploding higher
1- $11.5T IN REVENUE TAX CUTS
10-Year Revenue Loss:
Extend the 2017 Trump tax cuts: $5.350 trillion.
Exempt overtime income: $2.000 trillion.
End Taxation of Social Security benefits: $1.300 trillion.
Exempt Tip income: $300 billion.
Exempt Income of Firemen, Policemen, Military and Veterans: $2.500 trillion.
Trump Total Revenue Loss: $11.500 trillion.
CBO Income Tax Baseline Revenue: $33.700 trillion.
Trump Revenue Loss As % of Baseline: 34%.
2- REVENUES COME FROM TARIFFS
10-Year Budget Outlook with Trump Tax Cuts and Tariffs, 2025 to 2034:
Individual income taxes with Trump cuts: $22.0 trillion.
Trump Revenue Tariffs: $9.0 trillion.
Existing Payroll Taxes: $20.9 trillion.
Existing Corporate Tax Ex-Trump Cut to 15% on Manufacturers: $4.6 trillion.
Other Existing Federal Receipts: $3.5 trillion.
Total Federal Revenue Under Trump Policy: $60.0 trillion.
CBO Baseline Federal Outlays: $85.0 trillion.
10-Year Trump Deficit: $25.0 trillion.
Gordon T Long Research exclusively distributed at MATASII.com
There are the numbers from Gordon T Long and those assume no changes from a steady economy and no first hand involvement in war. Just using the numbers over the next 8 years the US treasury is going to have to sell $25 Trillion in new debt plus refinance perhaps as much as $20 Trillion of existing govt debt!
If hyena had of been selected the kids would still be having transgender surgery to ruin their lives. Full term abortions would still be happening with babies born alive worth over $500,000 for body parts, no more money for ukraine or iran & clean up of hollywood elite abusers - come on greg I am just thrilled about this change.
Great title to the podcast,so true. About once a year I read the life and times of “Jesse Livermore”. What a trade he made on the short side when it all melted down in 29! He probably cared about being right as much as the money he made$$. Thanks Greg.
Non-government cryptocurrencies such as Bitcoin are increasingly in the Deep State’s crosshairs for hijacking or eliminating as the effort to impose a Central Bank Digital Currency (CBDC) on humanity picks up speed, warned The New American magazine’s Alex Newman in this episode of Behind The Deep State. Some major governments are already looking into an outright ban of Bitcoin, Ethereum and more amid an escalating war on cash. The end goal is to destroy privacy and freedom using money as the tool.
https://libertysentinel.substack.com/p/cryptos-in-deep-state-crosshairs?utm_source=post-email-title&publication_id=1434665&post_id=151294258&utm_campaign=email-post-title&isFreemail=false&r=1mjit8&triedRedirect=true&utm_medium=email
At what point does the naked shorting of gold and silver, especially silver cause a force majeur so that true price discovery can occur? Dollar up, stocks up, Bitcoin ("safe haven") up but gold and silver pounded down?? It's a friggin joke.
It’s like a religious wave I’m gonna bet against the debt take Greg advice on Friday and find me some friendly women
I missed the news letter on which 3 banks are good?
More from Gordon T Long....
INCREASING GOVERNMENT DEPENDENCY & UBI
Friday's disaster of a jobs' increase of only 12K (versus last month of 254), with Private payrolls dropping to negative 28K, illustrates the growing imbalance and dependency the US has on the Federal Government. If it wasn't for government jobs growing by 40K, the US would be shrinking its total employed workforce.
Payments from the government have become the fastest-growing source of income for Americans, according to a report by the Economic Innovation Group (EIG), a public policy research organization, titled “The Great Transfer-mation”. It states that Americans have become substantially more dependent on government support, with the share of national income coming from transfer payments more than doubling over the past 50 years.
More and more political talk out of Washington is about the increasing need for Universal Basic Income (UBI) - especially with over ~15M in new immigration paroles.
The evidence shows UBI would cause people to work less and relax more.(duh) Insofar as the case for UBI is built on unleashing the stifled engine of human creativity, it seems like UBI just isn’t up for the job!END
That is NOT what has made America great! America is/was great because it offered equal opportunity! Opportunity that existed if one was willing to WORK! Opportunity it offered to idiots like me who was willing to work the opportunity to better myself and retire at 47.
The loss of this opportunity makes me weep!
Wonder why interest rates are going UP? Gordon T Long points out perhaps the reality of Trump's fiscal plan and its implications, this was posted 2 days before the election;
TWO VERY BAD FISCAL CHOICES!
FACT: No matter who you vote for, we are going to get increasingly larger rates of debt growth and bigger government.
HARRIS / WALZ POLICIES
We are consistently told their policies are about taxing the rich and greedy corporations. How does that work?
TAX THE RICH - We have a $35T Deficits and they expect to increase it by over $5.5T to fund their new programs when:
The top 1% pays 46% of income taxes.
The top 5% pays 66%.
The top 10% pays 76% of all income taxes
On the other end, by contrast
The bottom 50% pays just 2.3% of total individual income taxes.
40% of all families pay no income tax at all.
The 84,000 new IRS hires are not going to be needed to chase the rich! They are coming after the Small Business, Corporations, Capital Gains Tax (your deferred untaxed IRA Retirement Accounts) and the Middle Class (100-400K/Annum).
Is that you??
TRUMP / VANCE POLICIES
Trump's plan is so frightening to Wall Street with his poll numbers increased that we have witnessed exploding:
Bond Yields Up 70 bps in 30 days as his chances increased (bond value thereby plummeting).
Bitcoin above $70K,.
Gold and Silver at New Highs,.
US Credit Default Swaps (US Default Risk) exploding higher
1- $11.5T IN REVENUE TAX CUTS
10-Year Revenue Loss:
Extend the 2017 Trump tax cuts: $5.350 trillion.
Exempt overtime income: $2.000 trillion.
End Taxation of Social Security benefits: $1.300 trillion.
Exempt Tip income: $300 billion.
Exempt Income of Firemen, Policemen, Military and Veterans: $2.500 trillion.
Trump Total Revenue Loss: $11.500 trillion.
CBO Income Tax Baseline Revenue: $33.700 trillion.
Trump Revenue Loss As % of Baseline: 34%.
2- REVENUES COME FROM TARIFFS
10-Year Budget Outlook with Trump Tax Cuts and Tariffs, 2025 to 2034:
Individual income taxes with Trump cuts: $22.0 trillion.
Trump Revenue Tariffs: $9.0 trillion.
Existing Payroll Taxes: $20.9 trillion.
Existing Corporate Tax Ex-Trump Cut to 15% on Manufacturers: $4.6 trillion.
Other Existing Federal Receipts: $3.5 trillion.
Total Federal Revenue Under Trump Policy: $60.0 trillion.
CBO Baseline Federal Outlays: $85.0 trillion.
10-Year Trump Deficit: $25.0 trillion.
Gordon T Long Research exclusively distributed at MATASII.com
There are the numbers from Gordon T Long and those assume no changes from a steady economy and no first hand involvement in war. Just using the numbers over the next 8 years the US treasury is going to have to sell $25 Trillion in new debt plus refinance perhaps as much as $20 Trillion of existing govt debt!
This is what is concerning to bond investors.
If hyena had of been selected the kids would still be having transgender surgery to ruin their lives. Full term abortions would still be happening with babies born alive worth over $500,000 for body parts, no more money for ukraine or iran & clean up of hollywood elite abusers - come on greg I am just thrilled about this change.
Till that point we’ll take the free gifts.
Great title to the podcast,so true. About once a year I read the life and times of “Jesse Livermore”. What a trade he made on the short side when it all melted down in 29! He probably cared about being right as much as the money he made$$. Thanks Greg.
I would rather be run over by it.
Tues morning when the Markets open.....
i will buy ONE SHARE of XLF
thank you Greg for your Guidance