Declaration of war on drug lords..

[Eagler]

You sound like the last 4 years were bliss with the auto pen vegetable spending billions on millions of criminal illegals...

Now this one is spending billions tossing them out..what a great use of our bloated currency..

Ying and Yang as it's always been...it's just the swing gets wider each time these days...chill out and enjoy the show as that's all it is in the big picture show called life..

Eagler

[oTRALFZo]

The market is soaring, gold and silver finally getting their due. This is a far far better off country and world than last year.

Gold and silver prices going up is not a good thing. Its showing an ever increased fear of a crumbling economy to where people are looking to have a much more tangible investment.

I dont know who you know but everyone I know is struggling. Cost of living is getting worse by the day. I have lived in Northern VA for over 20 years, supposedly a 'recession proof' area being so close to government jobs  is now facing a huge employment drop...yeah were doing great.

The only ones "thriving" here are CEOs or career politicians. No such thing anymore for the middle class
 

[Meatwad]

Inflation is still rampant with no forseeable chance of it dropping back to where things were before covid hit

[DmonSlyr]

Gold and silver prices going up is not a good thing. Its showing an ever increased fear of a crumbling economy to where people are looking to have a much more tangible investment.

I dont know who you know but everyone I know is struggling. Cost of living is getting worse by the day. I have lived in Northern VA for over 20 years, supposedly a 'recession proof' area being so close to government jobs  is now facing a huge employment drop...yeah were doing great.

The only ones "thriving" here are CEOs or career politicians. No such thing anymore for the middle class

Gold and Silver have been artificially held down for a while. I think something is going on. Many countries including America are buying it up. Also, perhaps the algorithms have been released to help it gain value. In anycase, I dont necessarily think its a bad thing, and the overall economy isn't in bad shape. We did see a GDP increase of .06 for Q2 to 3.8, and the market is at an all time high. While sure many folks are "struggling", we are still feeling the effects of high grocery prices and high interest rates, where unfortunately there isnt much a president can do, luckily we saw the tax cuts stay, or else people really would have been hurting. I think if he can find a way to keep lowering them more, it may help reduce those costs. Remember, that rampant inflation happened 2 months after Joe was elected. Not sure what happened, but the algorithms were let loose and the market bloomed like we havent seen, even the OTC market was seeing booms like never before. While some got rich, some lost it all in the remaining years of sell off dumps, then high interest rates to hurt housing market and extremely high prices on products due to that strange market boom. We are still trying to balance out of that.  The thing about high taxes and high interest rates is that they get you on both sides of the coin, and both are brought on by policies enacted outside of the president, for the most part.

[Eagler]

Gold and silver prices going up is not a good thing. Its showing an ever increased fear of a crumbling economy to where people are looking to have a much more tangible investment.

I dont know who you know but everyone I know is struggling. Cost of living is getting worse by the day. I have lived in Northern VA for over 20 years, supposedly a 'recession proof' area being so close to government jobs  is now facing a huge employment drop...yeah were doing great.

The only ones "thriving" here are CEOs or career politicians. No such thing anymore for the middle class

You forgot hollywood and so called entertainment from singers to yt influencers..

Let's lower the interest rate and kick in QE again as that worked so well since 2008..

Try planning your retirement and in the 1st year watch every cost you budgeted for almost double..

Gold isn't going up .. it's the dollar losing its value..same reason everything costs more..

It is tied to the attention we are giving our South American friends imo..

Eagler

[CptTrips]

Inflation is still rampant with no forseeable chance of it dropping back to where things were before covid hit

You can fix runaway inflation one way.

With a Depression.

They know that.  Believe me, they know that.  Just watch.

[oTRALFZo]

Remember, that rampant inflation happened 2 months after Joe was elected.

Which is exactly why the majority of voters went the other way. Nothing has changed and its looking worse with finger pointing. (not referring to you but the clowns in DC)

[CptTrips]

Gold isn't going up .. it's the dollar losing its value..same reason everything costs more..

Ironically Gold can sometimes temporarily crater at the beginning of a economic collapse.

As the Titanic rolls over, traders caught with margin have to liquidate everything not locked in, to keep their margin position from getting liquidated.
Ironically a bunch of panicking investors trying to sell their gold to preserve their margins can push the price lower.  Eventually they will lose both the gold and margin position.

Then they jump from tall buildings.

[Captain Virgil Hilts]

Prices NEVER go back down. Inflation itself has slowed. But the prices haven't gone back down, and they won't, much. They never have. And income rarely keeps up with or outgrows inflation. Especially for the middle class. Only in rare cases, a couple of times in the last 50 years, has middle class wealth growth outpaced upper class wealth growth.

Understand, the government STILL spends massively more than it takes in. The government still prints money it does not have, and it is not supported by an actual gold standard. Until those two things stop, the value of the dollar will not go up, at best, it will stabilize.

This is an intentional cycle. It destroys individual security, and individual liberty, and grows the government. Go back and look at the 20th century. There are people driving this. If you look, and you're honest, you'll see and understand. If you don't, well, you're the problem.

[CptTrips]

Prices NEVER go back down.

The U.S. has had several periods of deflation, most notably during the Great Depression and the Great Recession.
The most severe deflation occurred from 1929 to 1933, when the consumer price index (CPI) fell by nearly 25%.
Other historical deflationary periods include 1815–1860 and 1865–1900. 

[Captain Virgil Hilts]

Gold and Silver have been artificially held down for a while. I think something is going on. Many countries including America are buying it up. Also, perhaps the algorithms have been released to help it gain value. In anycase, I dont necessarily think its a bad thing, and the overall economy isn't in bad shape. We did see a GDP increase of .06 for Q2 to 3.8, and the market is at an all time high. While sure many folks are "struggling", we are still feeling the effects of high grocery prices and high interest rates, where unfortunately there isnt much a president can do, luckily we saw the tax cuts stay, or else people really would have been hurting. I think if he can find a way to keep lowering them more, it may help reduce those costs. Remember, that rampant inflation happened 2 months after Joe was elected. Not sure what happened, but the algorithms were let loose and the market bloomed like we havent seen, even the OTC market was seeing booms like never before. While some got rich, some lost it all in the remaining years of sell off dumps, then high interest rates to hurt housing market and extremely high prices on products due to that strange market boom. We are still trying to balance out of that.  The thing about high taxes and high interest rates is that they get you on both sides of the coin, and both are brought on by policies enacted outside of the president, for the most part.

It is obvious, from the study of history and economics, what drives inflation is the government spending more than it takes in, the government printing money that it has no standard of security for, and the attending debt that is nearly worthless. That floods the market with worthless money. The dollar becomes worthless.

This has been repeated, ad nauseam and ad infinitum, especially in the U.S. in the 20th century.

Slash the size and scope of the U.S. government to fit within the Constitution, and pay off the debt. The dollar will triple in value the minute that process begins. It will NEVER gain in value so long as that process does not happen.

This ain't hard to understand, Freidman and Sowell have been providing truth and facts for decades.

[CptTrips]

It is obvious, from the study of history and economics, what drives inflation is the government spending more than it takes in,

Government inflating the money supply is one cause of inflation, usually the most common, but it is not the only one.

Inflation is too much money competing for too few goods.

There are two sides to that equation.

The government can pump too much money into the system.
Population booms can create more demand than the system can initially provide  (think post-WWII housing shortage).
Shocks to the supply system can create inflation as well.  (Shutting down production during a pandemic, tariffs, boycotts, trade-wars, poor harvests, bird flu, energy embargos, etc, etc, etc)

[Captain Virgil Hilts]

Thank you. I indeed should have given two qualifications to that statement.

A. In a modern economy resembling what currently exists.

B. Outside a total market collapse.

[Eagler]

You can fix runaway inflation one way.

With a Depression.

They know that.  Believe me, they know that.  Just watch.

Always thought timing is the key here...

As neither side wants what is there now it could be the best time..

Ego that big would then start the war that would eventually pull us out of it..or it doesn't..

Eagler

[CptTrips]

Thank you. I indeed should have given two qualifications to that statement.

A. In a modern economy resembling what currently exists.

B. Outside a total market collapse.

The GFC deflation was not ancient history, and you would be unwise to discount the possibility of economic collapse.

That assumption may not age well.

This time is not different.