The US government is never revenue constrained. We don’t need China to buy our bonds in order to spend. We also don’t need taxes to spend. The budget deficit is in direct inverse correlation to private sector savings. IE, they’ve debited our accounts. This by no means says that the government can just recklessly spend. But understanding the foundation of the monetary system is a good start for us all since it’s clear it’s misunderstood by most…
Red, Great videos, but I just don't believe we get nuked anytime soon. Too much money being made selling US citizens cheap products, and besides big brother is having too much fun deploying cameras at each corner to watch our every move! lol Did you see the latest at Mahendras site. If nothing else, a pretty good list of Alt-Energy stocks to pick from. He is still holding to DOW 38K by 2014, and has not changed his stance. I think some other EW's have this as well in the Grand super cycle? Anyways, I am holding SOLF and still in the GREEN after 400 plus negative Dow points, go figure??? lol Public PDF at Mahendras site, FWIW http://www.mahendraprophecy.com/userfiles/files…
There was a print of gold 10 day future today on yahoo finance. I'm not sure it means anything. Gold Sep 10 (COMEX: GCU10.CMX) Last Trade: 1,237.10 Trade Time: 4:24PM EDT Change: Up 1.50 (0.12%) Prev Settlement: N/A Open: 1,237.10 Bid: 1,236.30 Ask: 1,236.80 Day's Range: 1,234.00 – 3,401.50
Agree – I think what their saying at pragcap is that if you own your own currency you are not revenue constrained thus you won't default. You may drive down the value of the currency but won't default per se. Also, they belief we have a long way to go before we hit any Zimbabwe scenario.
We are headed to a Japan scenario with yields going down.
We're going for the triple bottom now… will it hold?
Dow Jones futures before opening bell
If interested, here is another article on money creation: http://pragcap.com/the-concept-of-vertical-and-…
The US government is never revenue constrained. We don’t need China to buy our bonds in order to spend. We also don’t need taxes to spend. The budget deficit is in direct inverse correlation to private sector savings. IE, they’ve debited our accounts. This by no means says that the government can just recklessly spend. But understanding the foundation of the monetary system is a good start for us all since it’s clear it’s misunderstood by most…
If you get a screen shot of it, can you post it? Or email it too me. Thanks…
Refresh page for Monday update…
S&P 500 Analysis after closing bell
As I said on Friday, the bulls would be giddy and they took it in the shorts today. Loved todays action. Won't be buying till first of month………
Red, Great videos, but I just don't believe we get nuked anytime soon. Too much money being made selling US citizens cheap products, and besides big brother is having too much fun deploying cameras at each corner to watch our every move! lol
Did you see the latest at Mahendras site. If nothing else, a pretty good list of Alt-Energy stocks to pick from. He is still holding to DOW 38K by 2014, and has not changed his stance. I think some other EW's have this as well in the Grand super cycle? Anyways, I am holding SOLF and still in the GREEN after 400 plus negative Dow points, go figure??? lol
Public PDF at Mahendras site, FWIW
http://www.mahendraprophecy.com/userfiles/files…
There was a print of gold 10 day future today on yahoo finance. I'm not sure it means anything.
Gold Sep 10
(COMEX: GCU10.CMX)
Last Trade: 1,237.10
Trade Time: 4:24PM EDT
Change: Up 1.50 (0.12%)
Prev Settlement: N/A
Open: 1,237.10
Bid: 1,236.30
Ask: 1,236.80
Day's Range: 1,234.00 – 3,401.50
Agree – I think what their saying at pragcap is that if you own your own currency you are not revenue constrained thus you won't default. You may drive down the value of the currency but won't default per se. Also, they belief we have a long way to go before we hit any Zimbabwe scenario.
We are headed to a Japan scenario with yields going down.