These are the topics we talked about today:
Crypto currencies: Bitcoin’s drop from $20,000 to $3,500, nothing backing the crypto, The greater fools theory, Bitcoin went up because the price was going up, The money powers will not let it flourish unencumbered
Hedge against inflation: precious metals, artwork, old cars, fixed and dwindling supply, all collectibles
The National debt: 22 Trillion and going up over 1 Trillion per year, this is only bonded debt, interest on the debt 400 Billion per year, our gathered productivity aka taxes goes to pay this interest, principal is not touched, contingent liabilities are in the neighborhood of 88 Trillion
Treasury bonds: Obama administration exchanged long term debt for short term debt to lower their interest payments, The Trump administration has 60% of the nations debt coming due during the first term, Treasury borrows the money from private FED band of NY rather than printing the money
Inflation: regulating the flow of money by not creating the interest makes dollar more valuable
Usury: Biblical references to this and against the law in most Mid East Countries, Jesus was left alone until He started messing with the money.
Predictions of economic trouble ahead: Liquidity crisis, bond market bomb with interest rates going up, Bands will be discounted, housing bubble, stock market bubble from easy money of the past,
Interest rates: Billionaire Paul Tudor Jones says Fed will not raise interest rates in 2019, last interest rate rise is this month, when interest rates go up bond prices go down
Presidents who messed with the money: Andrew Jackson, McKinley, Lincoln, JFK
Federal Reserve Board and Federal Reserve Board are different
Globalists are enraged because President Trump’s ability to communicate directly to the people on Twitter, talk of regulating hate speech is the start of true censorship
Facebook files a patent to track your location in the future, where you will be tomorrow.
Some emails: I am beginning to think the MSM is controlled by bankers. CIA being created by bankers.
in 1996, the former Soviet Union President Mikhail Gorbachev expressed the real truth behind the Global Warming agenda. He said that using climate alarmism could advance the socialist Marxist objectives to restore the power of government. He said: “The threat of environmental crisis will be the international disaster key to unlock the New World Order.” global warming.
For monetary velocity, also from FRED, I came across a graph of consumer sentiment from the University of Michigan. We are at 98.6 in Oct 2018 but have been bouncing around 100 this year. If we hear about record sales this holiday season, do you think that we will start to see MZMV start to rise more?
1 in a million type question. Similar to the time the FED, bought their old paper, with new paper. Called it new paper and no one did anything.
If Trump was aware of the plan to take interest rates to double digits and crash the economy, (business cycle) around March of 2019 (lets say, wink wink) and somehow countered it.
Please pontificate on that situation moving forward in which the FED is in fact nationalized or at least the profits of the money flow into the treasury.
What will you be doing in that type of economy. Think the age of Jackson but today.
