@elonmusk@chamath Anything is possible in the long term, 100’s of years in the future. But in our these next couple lifetimes, resource limitations will prevent true “high” income in real terms.
@RealRickRule@DA_Stockman True in sentiment. Seems in reality though, we saw far more sellers than buyers at $120 because, after all, the price did decline rapidly from there. In any case. $60 will certainly be viewed, over the next few years, as having been a stellar buying opportunity.
Certainly at or near a bottom relative to what it will do over the next few years. I don’t have a high level of confidence it won’t go a bit lower in the near term though. $3500 +/- $100. That’s my call, not that it’s worth much. Silver is harder to read. Likely lower into the $50’s than we saw last week. These lows sometime this year or early next. My view is they will accompany a large and more sustained correction in equities.
@EstebanV333@SantiagoAuFund@adamtaggart I have real disdain for the USD system. But you’re right, in that I would be foolish to predict it’s near term failure, and act accordingly, based simply on that disdain.
Definitely nearing a bottom, not certain it won’t go lower. Long term buyers should be buying at this level for sure. Short term traders should likely wait. Also, a 2008 style market correction is a real possibility presently. That would let gold go lower, significantly so from here. $3200 - $3500 possible? I wouldn’t rule it out. Does that fact advocate against your position? No, I don’t think so. Regardless of what level gold chooses to test over the next few months. New, much higher highs, certainly aren’t 5 years away… I wouldn’t rule out 2 years though, and don’t expect it to happen this year.
I won’t answer this question. People shouldn’t be PROUD of things they didn’t accomplish. The founding principles America was founded on are dead or rapidly dying. I could see being proud of sacrificing to defend those founding principles, though that rarely happens today. I can definitely say I am fortunate to be an American. That was by chance and where God decided I should be born. It’s also no gatauntee at this rate the next generation will be fortunate to be born an American. But I can’t be PROUD to be an American any more than I can be proud to be 6ft tall. I had nothing to do with it. Most Americans should be ashamed to be born American and allow for the decay of what it once stood for to be so rapidly eroded through cheap fiat money and the rapid expansion of the leviathan state.
I actually fully agree with these criticisms, and do not support these activities. However, in reality, the claim that these actions were undertaken, even if these claims were from the administration, with the goal of reducing the flow of narcotics into the US is obviously not true. This is a matter of ensuring western hemisphere alignment with US priorities. Drugs are just the cover. I wish the priorities were those of liberty and free trade, but they’re not. But I do think the intended purposes of these actions have been achieved thus far even if I disagree with those purposes.
When will you take a disciplined approach and accept that our federal government is limited by the Constitution to certain specific roles in our lives? A massive, taxing, spending, and inflationary welfare/warfare behemoth is the opposite of what our founders intended—and the opposite of any reasonable standard for conservative governance.
The one man who actually defends limited government and constitutional authority is mocked by so-called conservatives. This is the signpost that a real limited-government movement is dead, with no revival coming. It’s now simply a question of flavor: red or blue—which version of government expansion do you prefer? Both parties mix the two every four years anyway.
Socialism isn’t acceptable just because it comes in a red flavor. Giving every newborn a check is unconstitutional and fundamentally opposed to limited government. There has been a slow conditioning of conservatives to accept socialism, and it has worked. They now defend it and label actual limited-government conservatives as RINOs and troublemakers.
@Jonesy5464@MattKibbe I am fan of carnivore. Just making a point about groceries in general for most people. Steak (and coffee) is all you really need. 😎
@leveinklevets@Korzagg77@MattKibbe 100% correct. People cope but truth is truth. @Korzagg77 google ‘Cantillion Effect’ and learn a little something about what inflation is and how it flows.
It takes $100 just to get bread, milk , coffee, butter and a couple pounds of ground beef. The dollar is fake. I’d be embarrassed to put my face on a federal reserve inflation tax note. It takes $22,500 to buy what $100 bought 100 years ago, that’s no exaggeration. The dollar is a scam, literally.
@JesusRocks Thanks for sharing these important memories Ben! What a tragedy! And what a miraculous and amazing outpouring of the love of God that followed. The brokeness of the world will never get the final word!