Goldtent TA Paradise

Rare sane voice in the financial world: we have to pay off the debt

1. Highroller says:

   July 19, 2024 - 1:45 am at 1:45 am

   It impossible to pay off the debt when 50% of all taxes bought in go to interest only. Over 1 Trillion per year for interest alone and say 5 trillion per year for principal , where that 5 gonna come from ??? It is too late, defaults are coming and nobody talks of poorer nations in deeper waters…..

2. Gold Learner says:

   July 19, 2024 - 1:47 am at 1:47 am

   Sir Highroller,
   I have some faith in Trump.
   Dimon possibly coming on as Treasury Secretary is a news to me.

   Are we heading back to the gold standard under Trump?

   GL

   • Highroller says:

     July 19, 2024 - 2:45 am at 2:45 am

     Trudeau just added 100k govt peeps this year, when was the last time our leaders thinned their herd? They all will keep spending, Spain had all the gold, Russia all the gold and both collapsed, my day in life will not change with a gold standard, if anything they would then track every coin. VP Vance wants to blow Iran off the map so lets just go day by day at this point… lets start with cleaning up our streets and getting better medical services , the list is long…. hope your trades are working out this year , 4 months & the Christmas tree comes out !

     • Gold Learner says:

       July 19, 2024 - 9:53 am at 9:53 am

       Sir Highroller,
       Trudeau, Macron et al are doing what they were told to do by TPTB (The Powers That Be)

       Call me insane: but what saved Trump is what is has been driving me now for close to the last 18 months: namely, faith in God.

       If the US is destined to go into oblivion, I may go down with her.

       My win-loss ratio for realized trades this year is 98.66% (0.9866). Thanks again to God.
       Yes, Livermore is right. But may not be for majors and mid-tiers.

       Sitting tight on many a junior, while using (sometimes) hefty gains in CDE (4 sells) and HMY (11 sells) to buy more juniors.

       GL

3. pedro_deleon says:

   July 19, 2024 - 9:47 am at 9:47 am

   Resolve the debt AND the wealth inequality in “three fast and easy steps”, channeling my inner Geo Gammon.

   Actually, just one.

   Declare all bonds null and void, subject to redemption for new bonds.
   Widows and orphans get replacement bonds at par.
   The uber wealthy get 20c on the dollar.
   Others in between.

   That should cut the pile in half.

   Ie, do what they do for fiat in hyperinflation land but instead for bonds.

   • Gold Learner says:

     July 19, 2024 - 9:55 am at 9:55 am

     Sir Pedro,
     Thanks for chiming in on this thread.

     Dimon may be a criminal.
     But maybe he has a plan to right this sinking ship.
     Let’s see how DJT navigates us out of this mess.

     It won’t be easy.
     But DJT is our best shot.

     GL

   • pedro_deleon says:

     July 19, 2024 - 10:01 am at 10:01 am

     To clarify, the more bonds you redeem, the less you get for each additional one.