I've been bartering my silver for farm fresh beef and produce for awhile now. Maybe 2 years?
I made friends with a few gardeners so I buy less groceries and have more money to spend on silver. I've been growing tons of mushrooms to trade for food too so I can buy more silver.
I got really lucky and loaded the boat back in 2019 and 2020, so every trade for me with all that stuff is a massive win right now.
We used to have the hottest wild mushroom market in the western world here. But restaurants never recovered so wholesale went out the door. Individuals were still buying as of a year ago. Now it is rare to find anyone buying at all. If I wasn't able to trade it I think I'd stop growing. There's even less money in bioprospecting now (cloning wild tissue for other farmers).
Turns out people stop buying novelty food when they can't afford regular food.
Things have gotten worse for us than in 2020 for a variety of reasons and honestly silver and growing food is keeping us going. I'm not very happy with how this is going but it's better than nothing. All those wild conspiracy theorists were right and I'm thankful every day that I took their advice. We would be screwed right now.
@Azurescens said:
I've been bartering my silver for farm fresh beef and produce for awhile now. Maybe 2 years?
I made friends with a few gardeners so I buy less groceries and have more money to spend on silver. I've been growing tons of mushrooms to trade for food too so I can buy more silver.
I got really lucky and loaded the boat back in 2019 and 2020, so every trade for me with all that stuff is a massive win right now.
We used to have the hottest wild mushroom market in the western world here. But restaurants never recovered so wholesale went out the door. Individuals were still buying as of a year ago. Now it is rare to find anyone buying at all. If I wasn't able to trade it I think I'd stop growing. There's even less money in bioprospecting now (cloning wild tissue for other farmers).
Turns out people stop buying novelty food when they can't afford regular food.
Things have gotten worse for us than in 2020 for a variety of reasons and honestly silver and growing food is keeping us going. I'm not very happy with how this is going but it's better than nothing. All those wild conspiracy theorists were right and I'm thankful every day that I took their advice. We would be screwed right now.
I think it's worth mentioning there has been no giant payday for my 90% yet except the high end proof stuff, and I'm really thankful I went for the high tier stuff and cut up all those mint sets. If I had to sell my proof 90% today I'd double my money in just a few years. I'd maybe break even on my circ stuff except the cheap ones I bought in 2019.
I don't know if I wanna live in a world where I'm trading cull 90% for food. But it does look like we are getting closer to that.
Turns out people value vintage collector stuff significantly more than worn Washington quarters. Even the people trading food for silver want quality stuff that reminds them of their youth. I would have (and did) figure it would be the opposite.
Yeah. I can always pay with fiat but I'd rather use silver I bought at $12-$18 prices so I'm pulling profits as I use it in lieu of $30. Some of it trades for more too, of course. People who aren't necessarily coin collectors like vintage stuff and toners, too.
I don't think I'd go out and buy silver at 31 just to trade it. I'm starting to run a little low on the cheap stuff but it has served me very well. I'm pretty pleased with the outcome here. The savings on groceries is incredible too since the base price of peppers, tomatoes, onions, corn, etc from the source is already way lower than in a shop.
Gold going up as much as it has makes me feel way better about running low on cheap silver. I've pulled profits from most of my platinum, which I may regret, but I'm happy with my decisions. If I was flush with cash right now I'd probably be buying more.
I do regret buying proof eagles at the peak but I'm patient and can just run the long game with those.
Except for the Covid "panic," the last time the Fed cut by 0.5% was in October 8, 2008, three weeks after the collapse of the venerable investment bank Lehman Brothers.
Make no mistake. 50bps cut is a panic cut. So, why did the Fed panic? And the fact that more cuts are forecast tells us what about our "boomin" economy?
In the short term look for most all assets to flourish. Question is which will weather the intermediate/long term storm. As I continue to dump my incoming dollars I'm going with gold (DGP) and a crypto (ETH) for the long term.
@derryb said:
Except for the Covid "panic," the last time the Fed cut by 0.5% was in October 8, 2008, three weeks after the collapse of the venerable investment bank Lehman Brothers.
Make no mistake. 50bps cut is a panic cut. So, why did the Fed panic? And the fact that more cuts are forecast tells us what about our "boomin" economy?
"Your" opinion is they panicked. No one else thinks that, except fellow echo prisoners.
And why not cut? The market had already taken 200bps out of the system.
From Google: "SIPC is a non-profit membership corporation created under the Securities Investor Protection Act."
I....jussstt... finished the Netflix documentary on the Bernie Madoff Ponzi fraud.
Fun watch.
Not fun for those who thought he was legit.
It was on screen for only a second but I think it said that in the early days of the "recovery" the SIPC required deposit was................... **$150.00...""
@FrankH said:
Can't happen. EVERYONE is protected by the SIPC.
From Google: "SIPC is a non-profit membership corporation created under the Securities Investor Protection Act."
I....jussstt... finished the Netflix documentary on the Bernie Madoff Ponzi fraud.
Fun watch.
Not fun for those who thought he was legit.
It was on screen for only a second but I think it said that in the early days of the "recovery" the SIPC required deposit was................... **$150.00...""
per FIRM !!
The gutter ponzi scheme could be worth zero $0.00 sense. Guess time will tell. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@FrankH said:
Can't happen. EVERYONE is protected by the SIPC.
From Google: "SIPC is a non-profit membership corporation created under the Securities Investor Protection Act."
SIPC, like Federal Deposit Insurance (FDIC) has limited rescue funds that will not protect EVERYONE. Both programs are a public relations optic to make savers and investors think they are protected (feel safe) no matter how bad it gets. In the event the very limited funds in either program get disbursed one can only guess which crowd gets made whole.
@FrankH said:
Can't happen. EVERYONE is protected by the SIPC.
From Google: "SIPC is a non-profit membership corporation created under the Securities Investor Protection Act."
SIPC, like Federal Deposit Insurance (FDIC) has limited rescue funds that will not protect EVERYONE. Both programs are a public relations optic to make savers and investors think they are protected (feel safe) no matter how bad it gets. In the event the very limited funds in either program get disbursed one can only guess which crowd gets made whole.
My reasoning for my idiotically massive gold stash.
@derryb said:
Except for the Covid "panic," the last time the Fed cut by 0.5% was in October 8, 2008, three weeks after the collapse of the venerable investment bank Lehman Brothers.
Make no mistake. 50bps cut is a panic cut. So, why did the Fed panic? And the fact that more cuts are forecast tells us what about our "boomin" economy?
"Your" opinion is they panicked. No one else thinks that, except fellow echo prisoners.
And why not cut? The market had already taken 200bps out of the system.
The $1M question is "why cut?" I suspect it has a lot to do with an imminent banking crisis:
Reducing rates improves the unrealized losses on banks’ bond portfolios, primarily caused by the Fed’s prior rapid interest rate hikes. When rates rise, the value of existing bonds (with lower yields than new bonds) falls. This is what caused the failure of Silicon Valley Bank.
Did the FED ignite the next banking crisis with its rapid rate increases, that took a toll on bank's bond portfolios, and they are now forced to "panic" with consecutive rate cuts to save the banks?
FED jacks rates up, decimating bank bond portfolios (while killing small businesses & jobs)
FED realizes the coming banking problems that the FED created with their rate hikes (and then panics when the stock market & 401Ks start to roll over)
FED reduces rates to help bank bond portfolios (and creates $trillions of new cash to hand out to their friends, further destroying the purchasing power of people's savings)
= more and more people dependent on gov.com handouts
= more and more people becoming disenfranchised and desperate
Interest on the debt is OVER $1 trillion/yr., and going higher while deficit spending is WAY, WAY out of control.
But according to the bankers, MIC & corporate sellouts, it's all good, man. As long as they can control the system.
Q: Are You Printing Money? Bernanke: Not Literally
Sure don't know the cause of your insecurity and need to believe you are the expert. I never claimed to be the expert; I only refer others to the proven experts. They, and there analysis are different than a wannabe expert.
It's a new panic based on the same conditions that led to SVB failure:
FED jacks rates up, decimating bank bond portfolios
the fed just lowered rates and that is the most new action they've taken
Read my full post again. The first, earlier FED move (rates up) clobbered the banks' bond portfolios that are dependent on high rates. As of April 2023, US commercial banks held $4.2 trillion in Treasury bonds and other government securities, which is about 24% of assets for large banks and 15% for small banks.
The FED is now trying to repair the damage. This tells me the FED sees an early threat of a banking crisis. As we learned in 2009, FED priority is protecting the banking system (the Banks).
Read my full post again. The first, earlier FED move (rates up) clobbered the banks' bond portfolios that are dependent on high rates. As of April 2023, US commercial banks held $4.2 trillion in Treasury bonds and other government securities, which is about 24% of assets for large banks and 15% for small banks.
The FED is now trying to repair the damage. This tells me the FED sees an early threat of a banking crisis. As we learned in 2009, FED priority is protecting the banking system (the Banks).
1.5 years is an awfully slow panic
all banks forced to hold to maturity would have had their bank runs or fed bailouts by now
Read my full post again. The first, earlier FED move (rates up) clobbered the banks' bond portfolios that are dependent on high rates. As of April 2023, US commercial banks held $4.2 trillion in Treasury bonds and other government securities, which is about 24% of assets for large banks and 15% for small banks.
The FED is now trying to repair the damage. This tells me the FED sees an early threat of a banking crisis. As we learned in 2009, FED priority is protecting the banking system (the Banks).
1.5 years is an awfully slow panic
all banks forced to hold to maturity would have had their bank runs or fed bailouts by now
The FED panic ("FED pivot" in woke terms) occurred just recently when they cut by .5%.
Sure don't know the cause of your insecurity and need to believe you are the expert. I never claimed to be the expert; I only refer others to the proven experts. They, and there analysis are different than a wannabe expert.
SVB didn't fail because the price of their bond holdings went down. It failed because of internet panic by a billionaire who scared folk to take their money out.
I'm not an expert, but there are things in which I know significantly more than you.
@jmski52 said: It failed because of internet panic by a billionaire who scared folk to take their money out.
SVB failed because of corrupt & inept gross mismanagement.
. . . that allowed a "too large" bond portfolio. It depositors were mostly uninsured silicon valley companies that were quicker to create a run on the bank than would depositors that believed they were FDIC insured.
How we all feeling now? The anxiety of the economy when the thread was started (2022) turned out to be unfounded. How is everyone feeling today? Giddy because gold is higher, or anxious because gold is higher?
Wow, I voted DEFCON 5 back in 2022 now I'd say we are probably at about 1.5. Crazy part is even a few months ago I would of still said 5. How fast times change. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
I read it, but found it lacking in depth.
.
"Lacking in depth" - just like your posted content haha
PS:
If the US Treasury wanted to refinance debt at a lower rate, perhaps they should have done so when rates were extremely low coming out of the Covid-19 pandemic.
@blitzdude said:
Wow, I voted DEFCON 5 back in 2022 now I'd say we are probably at about 1.5. Crazy part is even a few months ago I would of still said 5. How fast times change. RGDS!
.
We tried to tell you what was going to happen, but you were all "get out of the bunker" and "it's BOOMIN' out there" (in the economy).
I hope it doesn't get to the point where it is "KABOOMIN'" everywhere.
@blitzdude said:
Wow, I voted DEFCON 5 back in 2022 now I'd say we are probably at about 1.5. Crazy part is even a few months ago I would of still said 5. How fast times change. RGDS!
.
We tried to tell you what was going to happen, but you were all "get out of the bunker" and "it's BOOMIN' out there" (in the economy).
I hope it doesn't get to the point where it is "KABOOMIN'" everywhere.
.
It was BOOMIN out here. 1/21/25 I exited stocks, all IRA's, 401K's, brokerage accounts to stable value funds, SGOV etc. Sold off SLV but used those proceeds to add some of those 10ozt gutter RCM bars. Still have some GLD and of course the physical metal of kings. Let it all go KABOOMIN, I'm prepared, no bunker required. RGDS!
Edit to add: 1/21 I exited the remainder of my stocks, I had started selling a few weeks prior. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
I read it, but found it lacking in depth.
.
"Lacking in depth" - just like your posted content haha
Comments
I've been bartering my silver for farm fresh beef and produce for awhile now. Maybe 2 years?
I made friends with a few gardeners so I buy less groceries and have more money to spend on silver. I've been growing tons of mushrooms to trade for food too so I can buy more silver.
I got really lucky and loaded the boat back in 2019 and 2020, so every trade for me with all that stuff is a massive win right now.
We used to have the hottest wild mushroom market in the western world here. But restaurants never recovered so wholesale went out the door. Individuals were still buying as of a year ago. Now it is rare to find anyone buying at all. If I wasn't able to trade it I think I'd stop growing. There's even less money in bioprospecting now (cloning wild tissue for other farmers).
Turns out people stop buying novelty food when they can't afford regular food.
Things have gotten worse for us than in 2020 for a variety of reasons and honestly silver and growing food is keeping us going. I'm not very happy with how this is going but it's better than nothing. All those wild conspiracy theorists were right and I'm thankful every day that I took their advice. We would be screwed right now.
I think it's worth mentioning there has been no giant payday for my 90% yet except the high end proof stuff, and I'm really thankful I went for the high tier stuff and cut up all those mint sets. If I had to sell my proof 90% today I'd double my money in just a few years. I'd maybe break even on my circ stuff except the cheap ones I bought in 2019.
I don't know if I wanna live in a world where I'm trading cull 90% for food. But it does look like we are getting closer to that.
Turns out people value vintage collector stuff significantly more than worn Washington quarters. Even the people trading food for silver want quality stuff that reminds them of their youth. I would have (and did) figure it would be the opposite.
Do any of those farmers want silver in payment?
I knew it would happen.
Yeah. I can always pay with fiat but I'd rather use silver I bought at $12-$18 prices so I'm pulling profits as I use it in lieu of $30. Some of it trades for more too, of course. People who aren't necessarily coin collectors like vintage stuff and toners, too.
I don't think I'd go out and buy silver at 31 just to trade it. I'm starting to run a little low on the cheap stuff but it has served me very well. I'm pretty pleased with the outcome here. The savings on groceries is incredible too since the base price of peppers, tomatoes, onions, corn, etc from the source is already way lower than in a shop.
Gold going up as much as it has makes me feel way better about running low on cheap silver. I've pulled profits from most of my platinum, which I may regret, but I'm happy with my decisions. If I was flush with cash right now I'd probably be buying more.
I do regret buying proof eagles at the peak but I'm patient and can just run the long game with those.
Certainly not this one. I do accept the Au though. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Certainly not this one. I do accept the Au though.
Nobody asked you. The question was directed to the OP.
I knew it would happen.
Except for the Covid "panic," the last time the Fed cut by 0.5% was in October 8, 2008, three weeks after the collapse of the venerable investment bank Lehman Brothers.
Make no mistake. 50bps cut is a panic cut. So, why did the Fed panic? And the fact that more cuts are forecast tells us what about our "boomin" economy?
In the short term look for most all assets to flourish. Question is which will weather the intermediate/long term storm. As I continue to dump my incoming dollars I'm going with gold (DGP) and a crypto (ETH) for the long term.
ZeroHedge makes debut at White House press corps briefing
"Your" opinion is they panicked. No one else thinks that, except fellow echo prisoners.
And why not cut? The market had already taken 200bps out of the system.
Look in you backyard....it be BOOMIN!!!
Knowledge is the enemy of fear
Can't happen. EVERYONE is protected by the SIPC.
From Google: "SIPC is a non-profit membership corporation created under the Securities Investor Protection Act."
I....jussstt... finished the Netflix documentary on the Bernie Madoff Ponzi fraud.
Fun watch.
Not fun for those who thought he was legit.
It was on screen for only a second but I think it said that in the early days of the "recovery" the SIPC required deposit was................... **$150.00...""
per FIRM !!
The gutter ponzi scheme could be worth zero $0.00 sense. Guess time will tell. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
SIPC, like Federal Deposit Insurance (FDIC) has limited rescue funds that will not protect EVERYONE. Both programs are a public relations optic to make savers and investors think they are protected (feel safe) no matter how bad it gets. In the event the very limited funds in either program get disbursed one can only guess which crowd gets made whole.
ZeroHedge makes debut at White House press corps briefing
My reasoning for my idiotically massive gold stash.
The $1M question is "why cut?" I suspect it has a lot to do with an imminent banking crisis:
Reducing rates improves the unrealized losses on banks’ bond portfolios, primarily caused by the Fed’s prior rapid interest rate hikes. When rates rise, the value of existing bonds (with lower yields than new bonds) falls. This is what caused the failure of Silicon Valley Bank.
Did the FED ignite the next banking crisis with its rapid rate increases, that took a toll on bank's bond portfolios, and they are now forced to "panic" with consecutive rate cuts to save the banks?
ZeroHedge makes debut at White House press corps briefing
No.
Knowledge is the enemy of fear
Oh. We shall see. Will house sales ROAR now?
.
huge
so they're in a panic? did it happen last month?
1.5 years is a really slow panic
It's a new panic based on the same conditions that led to SVB failure:
Rinse, wash, repeat.
And in other news. . .
China's central bank also panics and cuts multiple rates.
ZeroHedge makes debut at White House press corps briefing
No. Can't sell inventory you don't have.
Knowledge is the enemy of fear
Derryb is confused by cause.
Knowledge is the enemy of fear
derryb isn't confused by cause.
FED jacks rates up, decimating bank bond portfolios (while killing small businesses & jobs)
FED realizes the coming banking problems that the FED created with their rate hikes (and then panics when the stock market & 401Ks start to roll over)
FED reduces rates to help bank bond portfolios (and creates $trillions of new cash to hand out to their friends, further destroying the purchasing power of people's savings)
= more and more people dependent on gov.com handouts
= more and more people becoming disenfranchised and desperate
Interest on the debt is OVER $1 trillion/yr., and going higher while deficit spending is WAY, WAY out of control.
But according to the bankers, MIC & corporate sellouts, it's all good, man. As long as they can control the system.
I knew it would happen.
Sure don't know the cause of your insecurity and need to believe you are the expert. I never claimed to be the expert; I only refer others to the proven experts. They, and there analysis are different than a wannabe expert.
ZeroHedge makes debut at White House press corps briefing
the fed just lowered rates and that is the most new action they've taken
Read my full post again. The first, earlier FED move (rates up) clobbered the banks' bond portfolios that are dependent on high rates. As of April 2023, US commercial banks held $4.2 trillion in Treasury bonds and other government securities, which is about 24% of assets for large banks and 15% for small banks.
The FED is now trying to repair the damage. This tells me the FED sees an early threat of a banking crisis. As we learned in 2009, FED priority is protecting the banking system (the Banks).
ZeroHedge makes debut at White House press corps briefing
The only "damage" is what you have dreamt up in your head. BOOMIN! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
1.5 years is an awfully slow panic
all banks forced to hold to maturity would have had their bank runs or fed bailouts by now
The FED panic ("FED pivot" in woke terms) occurred just recently when they cut by .5%.
ZeroHedge makes debut at White House press corps briefing
SVB didn't fail because the price of their bond holdings went down. It failed because of internet panic by a billionaire who scared folk to take their money out.
I'm not an expert, but there are things in which I know significantly more than you.
Knowledge is the enemy of fear
It failed because of internet panic by a billionaire who scared folk to take their money out.
SVB failed because of corrupt & inept gross mismanagement.
I knew it would happen.
. . . that allowed a "too large" bond portfolio. It depositors were mostly uninsured silicon valley companies that were quicker to create a run on the bank than would depositors that believed they were FDIC insured.
ZeroHedge makes debut at White House press corps briefing
Mises' take on the rate cut.
"If you make it easy for governments to borrow, they will gladly do it and continue printing currency, leading to the currency’s slow decline."
ZeroHedge makes debut at White House press corps briefing
How we all feeling now? The anxiety of the economy when the thread was started (2022) turned out to be unfounded. How is everyone feeling today? Giddy because gold is higher, or anxious because gold is higher?
What Defcon we at today?
My view has changed since the OP.
Knowledge is the enemy of fear
Wow, I voted DEFCON 5 back in 2022 now I'd say we are probably at about 1.5. Crazy part is even a few months ago I would of still said 5. How fast times change. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Current economic conditions performing as designed
"So with rising debt, compounded by rising interest rates, it looks as if the US may be trying to engineer a collapse in rates, seeking to refinance itself at much lower levels. If rates fell from the current 4.5% to say around 3.5% that would be a saving of around $100 billion."
ZeroHedge makes debut at White House press corps briefing
$100 billion is nothing in a $7 trillion budget. That's 1.4c out of a dollar.
But, would rates at 3.5% be worthy of a Defcon 3 rating?
Knowledge is the enemy of fear
rate economy as ability to not be bankrupt?
economy is impossibly deficient to save from bankruptcy
read the entire article. Maybe I should start cutting and pasting entire articles just for you. Nah, the rest of the forum knows to read the link if the portion posted stirs their interest and before they comment on it.
The defcon 3 was posted 18 pages ago and stays with every post I make. I'll stick with it.
ZeroHedge makes debut at White House press corps briefing
i don't think it will be possible to change mine to anything other than 1 because of reality and not because of the poll coding
I read it, but found it lacking in depth.
Knowledge is the enemy of fear
of course you did
ZeroHedge makes debut at White House press corps briefing
.
"Lacking in depth" - just like your posted content haha
PS:
If the US Treasury wanted to refinance debt at a lower rate, perhaps they should have done so when rates were extremely low coming out of the Covid-19 pandemic.
.
.
We tried to tell you what was going to happen, but you were all "get out of the bunker" and "it's BOOMIN' out there" (in the economy).
I hope it doesn't get to the point where it is "KABOOMIN'" everywhere.
.
It was BOOMIN out here. 1/21/25 I exited stocks, all IRA's, 401K's, brokerage accounts to stable value funds, SGOV etc. Sold off SLV but used those proceeds to add some of those 10ozt gutter RCM bars. Still have some GLD and of course the physical metal of kings. Let it all go KABOOMIN, I'm prepared, no bunker required. RGDS!
Edit to add: 1/21 I exited the remainder of my stocks, I had started selling a few weeks prior. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.
Personal attack.
Knowledge is the enemy of fear
Personal attack.
Knowledge is the enemy of fear
i'm not sure just how personal this is @dcarr but we just got 2 people unbanned who were banned for their posts
everyone's got to play fair now