Yesterday, when the Treasury announced buybacks, and the bond market rallied…I got sick to my stomach. It’s rearranging the chairs on the decks of the Titanic. The real problem - Deficits (all over the world). Governments have lost their minds. No amount of financial engineering will fix this. The only thing that will fix it is to stop spending. If governments actually raise taxes to levels needed to fund their current drunken largesse, they will kill all growth and make problems even worse. The other problem with all this spending, is that we are borrowing from savers and giving it to consumers. We are eating our seed corn. In addition to all this, we are not hearing about the losses in pension funds, insurance companies, banks, and central banks in Europe or Japan or the US. They are huge. Pension funds bought debt at negative interest rates and now face huge losses. To repeat: The only way to fix this is to stop spending. Or, somehow miraculously to lift growth rates. But, governments are larger as a share of GDP and this has reduced growth rates. Keynesianism works in the reverse way people are taught in school. It’s crushes growth in the long-term even though it feels good in the short-term. The US’s $40 trillion in debt is a long-term problem…issuing 3-month T-bills doesn’t make it a short-term problem. Buying back long-term bonds doesn’t make it a short-term problem. Governments have to start facing reality and stop pursuing short-term, feel-good, nonsense solutions. Again: Cut the size of government…it’s the only real solution.
@Lexus new GX550 lux+ w 1900 miles gets an unfixable sidewall tire puncture and cannot get tire replacement until October?? Didnt expect that from Lexus?? Why sell vehicles you cant get tires for?? Top Brands should always be ready to take care of clients.
Elon Musk on the left’s fundamental moral flaw:
“The fundamental moral flaw of the left is empathy for the criminals and not empathy for the victims”
They feel sorry for the criminals but show zero empathy for the actual victims
There’s also been immense unconstitutional judicial overreach that was never intended and it’s destroying the public’s faith in the legal system
This needs to stop
Put the victims first. Restore real justice
🚨 James Comer drops a bomb on Fox:
California voter fraud could be TEN TIMES worse than Minnesota.
“Gavin Newsom better lawyer up!”
The walls are closing in on the Golden State grift.
Do you firmly support James Comer on this?
A. Huge Yes
B. No
IF Yes, Give me a THUMBS-UP👍!!
MAKE THIS GO VIRAL ON 𝕏. LET’S GO 👏
Whatever you do today, please DO NOT repost this graphic comparing the worst president ever on the left with the best president ever on the right.
We wouldn't want to piss off the Libs of X on Presidents Day, would we?
Thank you for your attention to this matter.
🚨 HOLY CRAP! Chuck Schumer is going viral for demanding ID CHECKS to prevent fraud in the late 1990s
"Everywhere people go, they're asked for Social Security or driver's license!" 🤯
"This is anti-fraud!"
Now? "ID is Jim Crow 2.0"
You're a CLOWN, CHUCK! PASS VOTER ID NOW.