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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (150125)	8/18/2019 9:33:10 AM
From: carranza2	Read Replies (1) \| Respond to of 219172

Mauldin is very sharp. He understands something Armstrong appears to give little thought to: How growing inequality and the increasing lack of economic mobility could easily lead to MMT and chaos. MMT is dangerous because it posits that mooolah is governmental monopoly to be used for the benefit of everyone. Unemployment is evidence that it is being used too conservatively. Keynesians on hyper-steroids. Its danger lies that you can substitute any program - health care, education, infrastructure, etc. - to justify unlimited spending. Debt is in effect ignored and balloons stratospherically. AOC’s green plan is a perfect example. She’s classic MMT but is too stupid to know it. MMT is voodoo economics. The Squad, antifa, Bernie, the popularity of socialism with the millennials, increasing racial tension, etc., are all symptoms. If they result in Trump losing the election, MMT is a given. The way Trump spends, he might well be half-way there. It’s the debt, stupid, to paraphrase Carville. One way or another, there will be lots more of it. Gold will do just fine. I wonder if Armstrong still believes this: peakprosperity.com

To: TobagoJack who wrote (150125)	8/18/2019 10:21:35 AM
From: carranza2	1 Recommendation Recommended By Gemlaoshi Read Replies (1) \| Respond to of 219172

I Dalio’s LinkedIn piece is realistic in acknowledging that MMT, which he thinks is inevitable, needs to be managed by ‘wise men’ - yes, he uses that term. I’m stunned that someone so purportedly wise doesn’t seem to recognize that in our increasingly partisan society there’s absolutely no way that politics won’t intrude. Wherever there are huge amounts of public funds to be spent, politicians will be there. And that is precisely where Dalio fails. I say that with all requisite humility because, really, I’m just some anonymous poster in a obscure corner of the internet. And he is the Big Swinging D**k of finance. Nonetheless, here goes: In the US, our Constitution enshrines power over the public fisc to Congress. Dalio’s ‘wise men’ idea would require major Constitutional changes. And I do mean major. If anyone thinks that Congress would voluntarily abrogate control over trillions, then I suggest a remedial course in human nature. Isn’t happening. Dalio’s dreaming if he thinks American ‘wise men’ will manage MMT. Even if theoretically sound, a doubtful proposition, MMT in the US cannot be managed by Dalio’s ‘wise men.’ In fact, his piece can be read as a job application for a job that will never exist. Dalio-style MMT in the US is a pipe dream. However, this doesn’t mean that ‘in-practice’ MMT won’t happen. It might well be happening now as interest rates go down, QE might resume, etc. If Trump loses, it will be on us, managed by Dem pols. If he gets re-elected and keeps spending and creating debt, the inevitable simply gets delayed somewhat. But the trend is as clear as a bell. Trends in spending and debt suggest a variant of MMT is in its infancy. The monster is in utero. Go(l)d help us. We are in for a hell of a ride.