16 Comments

America DESTROYS herself more and more every day. YES! You idiot trump voters believed trump when he told you the economy was strong. Well, let's see how much we borrow this year to give to the world. Your children and grandchildren are being ENSLAVED as we speak. Hahahahahahahahahaaaaaaaaa! YES! 😃

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We are going to create lots of money and give them to everyone. If the economy continues to be bad, we will create more money. Do you know what is great about this? We will not have to pay back before we die. We spend but we don't pay back. Uncle Powell got this all figured out. So why worry?

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Hey Bruce, For our children. Trying to create a legacy for my son and his future family is why I worry.

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Let the debt go as far as it can and then default. Note several countries do it regularly. Russia did. Argentina is a serial defaulter. Whenever they issue new debt, people fall on each other to buy the bonds. USA can do it once every 200 yrs. No problem. Time for austerity is over.

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LOL! Ok, you got a point. 😂

Yes, I think we will do that. Nixon told the whole world we are NOT going to honor our promise to redeem gold for dollars if they wanted to. He reneged on a promise and dared anybody to do something about it. Nobody wanted a Vietnam war in their backyard with the U.S. so they kept their mouths shut.

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No need to worry. I fully support non stop flooding the world with dollar because other choice is to not print and then your children can work hard to pay interest to the Chinese. Would you like that ?

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Yep, the only solution is to TURN ON THE TAP in UNRESTRICTED FASHION!!! Hahahahahahaaa! Print about $800 TRIILION, pay back the debts we owe WITH that cash and spend the rest.

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All debts have to repaid by someone.

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If we print, it's paid by the Chinese as they look at worthless paper. If we don't, we work hard to pay just the interest. Pick your poison.

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Yes, either with cash, gold or....with their hide! America is NOT going to pay back her debtors so war will be the result.

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Hi Greg,

I WANT to provide you with financial support, but I do not have(nor do I want) a PayPal account.

Please allow me to send you a check, a credit/debit card payment or wire transfer as an alternative. To this end, please add at least one of these options to your website.

Faithfully yours,

Janet Tarneaud

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Weekend review of the charts indicates strong uptrend in FNV. It may dip Monday morning as JP and sons/brothers shake the tree. This is proving to be easy money. Once it's crosses 200 DMA, correction in miners will be in the rear view mirror.

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Biden repeals H1B visa restrictions put in place by Trump. It's great for USA lol. Now we can fire higher paid workers here and get a few slaves from the third world.

BTW you gullible, who believe 700K unemployment, people are going on unemployment by choice. It's just a better deal. Most jobs don't pay that much. Do your own calculations. If I was working at Walmart or some fast food joint, I would do the same. In California, it's a stupendous deal. Free medical included.

All this is going on still FED's balance sheet is kinda stalled. I would think it would go exponential. hmmmm

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You're 100% CORRECT! And people can actually QUIT because of COVID fears to get the money. In the past if you quit you got nothing. If I was flipping burgers I would tell my boss "Bossman, I love you guys and I love working here, but I have concerns about my health. I don't feel you can adequately protect me from the RAVENOUS PLAGUE of COVID-19 so I'm gonna quit and go get paid twice as much as I am making now and I never have to leave my home to get it." I'd file for unemployment before I even left the restarant right there in front of my boss and co-workers, then I'd head to Walmart and pick up a six pack of some fancy schmancy mineral water. I'd drive home sipping on that water and LMAO.

Disclaimer:

Don't listen to me. Don't believe a word I say. Do your won due diligence to see what the requirements to receive unemployment compensation are.

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...own...

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Transmissions on an older car like that a muscle car? Better find an expert

who does that type of work or who is retired and rebuilds older cars. Vegas

has to have some retired or semi retired guy or gal that knows how to fix

and what parts, etc. Think resale Greg? Good tight transmission in older

muscle car equals better sale price.

Anyways, as are as the Fed pushing out $680 Billion to the IMF. I watched

a recent hour long video with a man named Jeffrey Snyder, who studies the

plumbing shall we say of the Banks and financial system. What he said was

that the Fed Reserve Bank has had the same continuing systemic financial

problems since the 2007-2008 debacle so the Fed would do what it could

"inside" the US to shore it up. "But" the problem is in the larger world macro

economy in which nations have to use or need to use the dollar and if there

is a dollar shortage whether in China or elsewhere such as England, it freezes

up those systems which then has a tendency to run down and over all other

systems. So, the Fed previously has stated they have a mandate only domestically

and so they say whatever problem of lack of dollars abroad for other nations

to conduct their own transactions was not the "Fed's" problem or business.

This just instigates more and more dysfunction in the world economies of scale

and causes collapses and failures of systems. He says a new system needs to

be created and instituted "but" what that new system is cannot be defined as

very few nations want the responsibility or weight of being the reserve currency

including China! That's why they have been floating SDR's with a basket of

currencies but that is fallacious in that if you have diluted currencies inside that

basket what might you have? However, having said that it seems there are forces

behind this SDR Basel Switzerland concept but more so to me it appears that

the current system as Jeff Snyder concluded is failing and it fails every so often

and then the Fed has step in and float boat. In this same conceptual basis you

have to then figure out why $680 Billion to IMF. That's because the IMF is the

lender to the world of nations and so they need "dollars" to fund loans and/or

grants. I'm more under the impression that if you remember Bretton Woods the

reserve currency at that time backed by gold and silver also made a commitment

to spread the wealth around the world. This never happened and after 50-60

years worth, the nations firstly pulled some of their gold positions from the Fed/ US

and also asked "where's the funding and aid from the Fed/US per Bretton Woods"?

So, you have a general consensus slowly coming to the forefront that the current

system is not able to provide the full functionality over time as the episodic problems

confirm. However, there is no viable alternative at this time and so the Fed is attempting

to provide liquidity to the IMF as gas to a car and for the cars of those around the world

as the dollar is internationally needed because of use in basically the majority of business

transactions (*Chinese, Russians and Iranians excluded however)

So, expect a choppy financial system over time where it breaks down and then needs

repair by the Fed and possibly "others" "but" that doesn't necessarily mean an full blown

collapse of "the system" but more slow dividing out in or on a regional basis of transactions

and financials. In a Regional System, you would have financial instruments and infrastructure

/production in all the regions so that an equilibrium of outcomes could be provided to the

nations and peoples over time per the Bretton Woods Agreement. However, even major

nativists and nationalist of all nations should be wary of this type of constructs as you may

end up with the likes of 1984 of George Orwell with East Oceania and other regions simply

fighting each other for resources and "stuff".

Even the futurist would not want that, more so they would like to see higher forms of education,

as well as elemental education in the way of hands on people with higher tech and production

abilities and skills. In the future, employees will literally use their direct brain implications

to direct production or building things through command and control they use to do the

activities. We're going to see over time deflation of costs rather than reflation as technologies

advance in helping man have a better lives while also integrally helping in restoring our habitats

air quality, forests, rivers/waters while having the time to obtain further education as well

as time to enjoy one's life. This is what the futurists envision.

I think there's a lot of moving parts out there in all this "but" I think we have to some times

grin and bare it because anytime there is dramatic change going on especially around the

world it will mean dislocations and choppiness whether we like it or not.

Anyways Greg, Happy Good Friday And Always Know Christ Has Risen yes indeed!

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