Anybody else notice that as soon as Cheeto jesus announces one of his moronic tariffs the stock market tanks bigly? I mean, it’s a one-to-one effect. We’re not talking about a recession brought about by normal market forces. We’re talking, one day a tariff is announced and immediately the stock mar…

[image] powerabout: Good for the the guys selling you stuff, USA paying for it by issuing debt. ( USA has a total trade deficit not just one country balanced by another) You need a trade deficit to be a reserve currency as its how your dollar gets spread around the world. Who is going to do th…

[image] powerabout: geez You have to borrow money to do that, as USA inc doesnt make enough money to buy things overseas so you keep borrowing to do it. its been going on for 50 years What utopian country do you live in that has no debt ? All countries have debt. Collecting more taxes via t…

As you have said several times it is a question of “real economic factors of production ( labor, materials, manufacturing capacity)” I believe the US Government/Treasury have the sense to watch that money is not “printed” without backing of real tangible value, if I understand you (and Greenspan) c…

exactly - actually a touch more accurately - there must be excess capacity of the real factors of production available in the market to support the money creation. The government should not use deficit spending to compete with the private sector for the real factors of production. If there is exc…

also what he is saying is there is no risk that the government will run out of money to fund SS - ever - in perpetuity. The real issue with SS going forward is if there are too many old folks like me - and not enough young folks actually making stuff, doing stuff. There can be a shortage of good…

Maybe this is the answer?: [image] How much longer? Scuttlebutt I was of the impression that the present administration didn’t want any more immigrants to enter the US workforce? Now I see USA is inviting people to apply via the Green Card Lottery: [image] Nordic citiz…

[image] texastanker: also what he is saying is there is no risk that the government will run out of money to fund SS - ever - in perpetuity. Not exactly. The SSA is self funded from contributions from payroll taxes paid by the employer and employee from wages up to $176,000/yr. If you get you…

From The Economist today: (Subscribers only) [image] Bond-market convulsions look extremely dangerous Treasury yields and other signs of stress are flashing red [image] Why China thinks it might win a trade war with Trump The country’s officials …

that is a political choice. The US government can never ever be insolvent in anything that is denominated in $ - like SS benefits. The US Government has an infinite supply of $. It can send out SS checks in perpetuity.

That is very true as long as the US remains the reserve currency which gets less likely by the day. But the political choice regarding SS should be made so some people would just be quiet about it and stop worrying.

Cause and Effect

Scuttlebutt

ombugge April 9, 2025, 4:06pm 209

Maybe this is the answer?:

Topic		Replies	Views
Self Inflicted Wounds Scuttlebutt	146	3089	November 10, 2025
Old video but very relevant China trade war Scuttlebutt	24	2899	August 30, 2018
How much longer? Scuttlebutt	141	2334	April 14, 2025
Tariffs and Shipping Maritime News	26	1036	January 13, 2026
US to use "overwhelming lethal force..." to kill pirates Maritime News	211	2979	March 31, 2025

Cause and Effect

Related topics