One point he makes in support of his deflation call, is that he
expects USA to eventually pay down the national debt.
I find nothing to indicate that, that will ever happen.
Posted by DigiNomad on 25th of Apr 2024 at 09:25 am
The US has never and will never pay down any debt. It's not the
way it works. They service the debt (mostly with printed currency).
Dilute the currency which inflates assets prices which reduces the
purchasing power of everyone. The wealth of the very wealthy asset
holders increase while middle class savings is decimated because
they don't have enough assets to keep up. Eventually the debt
appears smaller after the inflation. Rinse repeat. We're just on
Turbo now and the equation requires at least leveling off spending
while waiting for inflation to do it's work.
There are many saying that the US has no choice but to run
inflation hot for 8 - 10 years (because reduced spending is not an
option, but they don't say that). They're already a couple of years
in and will gaslight the crap out of all of us the entire time it's
happening by saying inflation is not that bad.
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https://youtu.be/-HmGhnIhxaU?si=gEM4Z1B-AOzSgklz
Posted by jonesy85 on 24th of Apr 2024 at 07:33 pm
https://youtu.be/-HmGhnIhxaU?si=gEM4Z1B-AOzSgklz
Milton Berg is always worth
Posted by jonesy85 on 24th of Apr 2024 at 07:35 pm
Milton Berg is always worth a listen he has a unique process like bpt.
thanks jonesy85
Posted by matt on 24th of Apr 2024 at 10:48 pm
thanks jonesy85
One point he makes in
Posted by steveo on 24th of Apr 2024 at 07:51 pm
One point he makes in support of his deflation call, is that he expects USA to eventually pay down the national debt. I find nothing to indicate that, that will ever happen.
The US has never and
Posted by DigiNomad on 25th of Apr 2024 at 09:25 am
The US has never and will never pay down any debt. It's not the way it works. They service the debt (mostly with printed currency). Dilute the currency which inflates assets prices which reduces the purchasing power of everyone. The wealth of the very wealthy asset holders increase while middle class savings is decimated because they don't have enough assets to keep up. Eventually the debt appears smaller after the inflation. Rinse repeat. We're just on Turbo now and the equation requires at least leveling off spending while waiting for inflation to do it's work.
There are many saying that the US has no choice but to run inflation hot for 8 - 10 years (because reduced spending is not an option, but they don't say that). They're already a couple of years in and will gaslight the crap out of all of us the entire time it's happening by saying inflation is not that bad.