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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (113143)	11/13/2020 4:28:14 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 116958

Mozambique - not Zimbabwe...very different...and I did spell out the metric. The US is going to have anemic growth for at least a decade, possibly much longer. This puts a cap on the tax revenue. The idea of roasting the rich and taking their money at gunpoint is not going to fly. It is so much easier for the government to print money and hand it over to the people (which is a more subtle way of taking the money from the haves and giving it to the have nots). It doesn't matter how you slice it - the US does not have the capacity to raise taxes enough to balance its budget, let alone paying down the debt. If you don't allocate your assets with that fact in mind, you will end up as one of the recipients of the government generosity rather than comfortably living (ideally outside of the government's reach). If you disagree, then come up with a reasonable (or at least a semi-reasonable) mechanism under which the US finances stop snowballing downhill. BTW, in a not too distant future (i.e. 5 years, and likely < 2 years) China will begin opening its bond market to the world. When that happens, the yen carry trade will become a USD carry trade. So rather than looking at Venezuela, you should look at Japan from '89 till now.