Skip to main content

When the Musical Chairs Music Stops

From "The Truths We Dare Not Speak" by Victor David Hanson, Phd. 

Everyone knows the government cannot keep running up astronomical annual deficits. It is piling up a near $30 trillion national debt, printing trillions of dollars—and hoping to keep inflation down to 7 percent per year. Everyone knows that, and no one wishes to talk, much less do anything, about it.

Instead, we simply will go on redistributing money, inflating the economy, and hoping that the middle classes are naïve enough to believe that their inflated paychecks outpace their greater inflationary costs that, in truth, have more than wiped out all their wage gains.

When the interest rate hikes invariably come—the longer we wait, the worse will be the reckoning—we will again know the stagflation of the 1970s and 1980s.

The only calculus the Democrats weigh is whether they can print their way to a semblance of normality through 2022, in hopes the helium-over-inflated economy blows up only after the elections.

Who knows, maybe then they can blame Joe Biden in 2023 for empowering them to wreck the economy and losing the Congress, as a way of arguing his clear cognitive decline suddenly warrants resignation.
Prof. Antony Davies: 10 Myths About Government Debt

The following video is an excellent primer on government debt, spending and taxation, produced in 2017. Other than the debt is higher today, the video is factual. 

Labels:

Comments

Post a Comment

Thanks for the comment. Will get back to you as soon as convenient, if necessary.

Popular posts from this blog

California: A Model for the Rest of the Country, Part 2

Part 1 here . On Leaving the Golden State Guest Post by NicklethroweR . Posted on the Burning Platform. The fabled Ventura Highway is all that separates my artist loft from the beach where surfing first came to the United States. Both my balcony and front patio face the freeway at about eye level and I could easily smack a tennis ball right on to the ever busy 101. Access to the beach and boardwalk is very important to a Tourist Town such as mine and I can see one underpass from my balcony and another underpass from the patio. Further up the street are two pedestrian bridges. Both have been recently remodeled so that people can not use it to kill themselves by leaping down into traffic. The traffic, just like the spice, must flow and the elites that live here do not like to be inconvenienced as they dart about between Malibu and Santa Barbara. Another feature of living where I live would have to be the homeless, the insane and the drug addicts that wander this particular...
Post a Comment
Read more

Proper way to calculate CAGR using T-Sql for SQL Server

After reading (and attempting the solutions offered in some) several articles about SQL and CAGR,  I have reached the conclusion that none of them would stand testing in a real-world environment. For one thing, the SQL queries offered as examples are overly complex or don't use the correct math for calculating proper CAGR. Since most DBAs don't have an MBA or Finance degree, let me help.  The correct equation for calculating Compound Annual Growth Rate (as a percentage) is:  Some key points about CAGR:  The compounded annual growth rate (CAGR) is one of the most accurate ways to calculate and determine returns for anything that can rise or fall in value over time. Investors can compare the CAGR of two alternatives to evaluate how well one stock performed against other stocks in a peer group or a market index. The CAGR does not reflect investment risk. You can read a full article about CAGR  here .  To calculate the CAGR for an investment in a language like ...
Post a Comment
Read more

Trading / Investing Tips

Fundamentals tell you what to buy. Technicals tell you when to buy. Stick to your system of entry and stops religiously. Use stops and stick to them. When euphoria kicks in, that’s usually a local top. Much of the trading-related news & social media troll boxes are noise. Ignore them. Trades should end in 3 ways: Big Win, Small Win, Small Loss Repeat after me. “The trend is my friend.” Don’t scalp the counter-trend. Keep a trading journal. Determine flaws. Eliminate them. If you open a trade based on a high time-frame signal, don’t self-sabotage and close that trade based on a much lower time-frame signal. Good sleep, proper diet & exercise are just as important for trading as they are for most things in life. Don’t get chopped up trying to trade/scalp sideways price. Expect consolidation after large price movements, not continued volatility. All indicators are using the left side of the chart to try and predict the right side of the chart. Chart the exchange wit...
Post a Comment
Read more