I would say this, Trump spent most of his first term demanding the FED lower interest rates. He's obviously a firm believer that this stimulates the economy. Rickards' projecting that the second half of his new term would have a robust growth doesn't take into account the headwinds likely to be coming from our very erudite president.
JR has it so wrong. Cisco Systems did not have $3 billion in Silicon Valley Bank. It was Circle Internet Financial (a stablecoin company) that had an unsecured $3.3 billion in SVB.
How to get enough gold reserves to return the Gold Reserve Standard? The mountains of government debts arounf the world are not possible and most governments are silently hiding the truths of their true financial capabilities to pay their debts, or even the interests of their debts.... Gold Reserve Standard is possible for those countries which already prepared for the Gold accumulations..... Some people suggest to use crypto as currency reserve, will this just another thing to debate about?
Zero per cent interest is not free money. I have to earn income and pay 50% income taxes to repay the free debt, zero per cent money. Beware of debt. Debt is a form of slavery. IOUs are not money. Debt is not money. Gold and silver is money, coined by government, US Treasury money.
Inflation though? I can tell you that I borrowed for a student loan from 2017 that I'm still paying down at 0% interest.... Government lost their money on that one
I have never heard someone interupt JR so often. Most people let him talk until he pauses.
Jim is the best.
JIM RICKARDS ❤
I would say this, Trump spent most of his first term demanding the FED lower interest rates. He's obviously a firm believer that this stimulates the economy. Rickards' projecting that the second half of his new term would have a robust growth doesn't take into account the headwinds likely to be coming from our very erudite president.
Very informative
I never have been able to understand how a bank has a loss on a loan default since they create the money for the loan
Censorship is a symptom of .....
I posted a civil comment post yesterday that was taken down. Let's try again and see if the moderators are or are not censoring critical comments.
JR has it so wrong. Cisco Systems did not have $3 billion in Silicon Valley Bank. It was Circle Internet Financial (a stablecoin company) that had an unsecured $3.3 billion in SVB.
The dollar amount is right which matters.
Thanks will research this. I feel there was a few things I question but will research until I form an opinion.
How to get enough gold reserves to return the Gold Reserve Standard? The mountains of government debts arounf the world are not possible and most governments are silently hiding the truths of their true financial capabilities to pay their debts, or even the interests of their debts.... Gold Reserve Standard is possible for those countries which already prepared for the Gold accumulations..... Some people suggest to use crypto as currency reserve, will this just another thing to debate about?
Zero per cent interest is not free money. I have to earn income and pay 50% income taxes to repay the free debt, zero per cent money. Beware of debt. Debt is a form of slavery. IOUs are not money. Debt is not money. Gold and silver is money, coined by government, US Treasury money.
Inflation though? I can tell you that I borrowed for a student loan from 2017 that I'm still paying down at 0% interest....
Government lost their money on that one
Sorry but this is totally boring. Not sure what the end game predictions are. Too many side distractions.
In a word No.
Chump and the GOP are the swamp. And NO, total corruption and outright criminality will NOT save the economy.