Yeah those little dips are always heart wrenching but instead of sitting in front of the screen wringing my hands, I worked a bunch of overtime, earned some bonuses and bought a few ounces with more on the way. Someday we will look back fondly on the old days when you could buy silver for two digits and gold was only $2400. Go Brandon.
Just the mention of Newsome or "Big Mike" Obama replacing Tater Joe for Prez has metals excited! You just can't lose!
This election will make metals interesting again, question is in which direction! I wonder who they will try and parachute in at the last minute to replace JB? And who the Orange God will choose as his running mate?
In the UK Labor will gain supermajority tomorrow, by the looks of it. Gonna be an unmitigated disaster for England; gold is inching up in anticipation...
Girl math is the new economics! If you spend a trillion but save a million it's savings! UBI is cheaper than all the other welfare programs so we are saving money by spending! Spending is savings now! The more you spend the more you save! It's genius!
That's exactly right, it's not girl math it's just that every $ the Feds spend is a $ saved by the private sector as the government is the provider of currency. If it didn't spend the private sector would have to dip into its savings as the money supply from the public sector dries up with the wealth of the private sector being slowly eroded due to the effect of taxes and inflation.
Like the hundreds of billions being spent for the migrants The govt programs are costing too much so giving them the money directly actually saves money in the long run. It's all savings! At this rate of record savings the natl debt should be paid off in record time I bet. Every cent the govt spends is private sector $$ anyway so doesn't mean anything. It's all from the taxpayers in the end.
No matter whether the government spends it on a migrant's behalf or hands it directly to them in the form of a cheque or whatever for them to spend, it is still an example of how the private sector saves when the government spends. Private sector savings/debt are real, public sector savings/debt are just digits on a ledger. Not 1c of any taxes paid to the Federal government is spent - it all goes toward wiping out any debt obligations of the individual/organisation created by the federal government in the first place. It looks this: The government creates a tax obligation, the taxpayer meets that obligation, the debt is wiped out. No funds are accumulated by Treasury as it's just digits on a computer screen, or cheques/cash received that is destroyed. In Australia it's mostly done digitally. I know the US system is more archaic. Every cent the government does spend is public sector debt.
The attention is focussed on the wrong side of the ledger. The issue shouldn't be how much the government is spending, it's how much the private sector is saving.
They are saving everyone around here right into a tent haha. Savings has never been this strong tho. Oh i get it, just believe the science right right hehe.
Spending on the migrant sector is exactly what got Tories wiped out yesterday. British voters don't want a massive misery industry importing drugs and supporting human trafficking. Conservatives were unable to stop the boats. The crime is up, health system is buckling, previously nice communities and beach holiday spots are brimming with drugs and hookers, no-one can afford to own a house and cost of living is through the roof. It's a rather moot point, it seems, if the govt spend it's just a ledger trick, when in reality the outcome is clearly negative to the average citizen.
l Interested to see how Australia’s grain harvest season goes this year (approx Oct-Jan). If we would be gifted ideal weather conditions for bumper crops then we’re going to have a ripper economy of commodities all ‘round. Can’t see much evidence of any public sector brain cells functioning in the meantime. @JohnnyBravo300 - if you want a summary of how Aus compares to America right now I have it right here - Metals and miners looking great in the meantime
