Muggy, rainy and foggy. Boy has this placed changed!!!
Couldn’t help notice the comment about the deficit.
My younger brother is a muckymuck in the financial world. I could note his accomplishments and most of you would recognize some of the positions he’s held but,
I won’t. Trust me, he knows what’s what, in that world. They all do.
The deficit will never be paid and no one has any intention to pay it. There is not a country on the planet that is not in debt. There is no one on the other side of the deal. Everybody owes everybody. They say the Chinese are going to call in the note. Our friends from the east are deeply in debt.
I’m almost 70 and this country has been in debt for my entire life. Actually we have been in debt long before we were a country. Seems to me that, a number of years ago I read we had just made the last payment on either a revolutionary war debt or civil war debt, really, what’s the difference.
It’s a ponzi scheme, a shell game. The sad thing is that we are all more than willing to participate in it. The American standard of living is built on borrowed money. As long as the fed keeps the interest rate down. Understand, we do not pay down the principle, we just pay interest and then roll it all into the next loan. There’s lots of “ transactional fees” involved....lawyers, accountants, wheeler dealers and the govt itself is fat and happy.
As long as the world has faith in the American economy, we can borrow.
Probably not in my life time but, here’s what coming. All nations are going to get together and just wipe the slate clean, like a bunch of teenage boys all cheating at a poker game, after a while it’s difficult to believe your own lies.
Search “monetize the debt”, that’s what’s coming, then...who knows, surely not the politicians!
Therein lies the power of bitcoin or other currencies not controlled by by nations or politicians.
Had 5 days with no rain, 2 weeks ago. Pours every other day like clock work.