Yah, the first sentence is nonsense for sure. I meant something else, if only I could have said what i meant in English!. In a real democracy, which the U.S. only very roughly approximates, it won't matter who is President as far as the markets are concerned. But in Autocratic countries it can matter. There are always winners and losers, but who they are differs.
Right! And we all know that the debt clock determines whether we have a debt or not. Just like Trump determined that Mexico would pay for the Wall. How do we know that? Because he said so. Yup, Just like the Debt clock says we have a debt.
The Federal Reserve is NOT a private bank. As long as you think this , you will never understand our money. I'll give you an example of how beginning with the wrong premise can produce nonsense down the road. In 1941 a well know urologist named Huggins (he later won a Nobel Prize!) and his co-author, Holmes, published a paper implying that Testosterone caused prostate cancer. This is the message that got passed on to generations of budding urologists in medical schools. Today, despite 20 years of research papers convincingly showing that the Huggins-Holmes paper was wrong and also showing that higher levels of testosterone result in a lower incidence of prostate cancer among older men, most urologists are still giving their prostate cancer "victims" drugs that wipe out their testosterone production. Does it make sense? No, of course not. But we are still doing it! And you still think the Federal Reserve is a Private Bank, when it hasn't been a private bank since the banking laws of the 1930s... Wouldn't you agree that if the Federal Reserve is a Private Bank, it's owners are awfully stupid to turn all their net profits over to the U.S. Treasury? It's way past time to stop chemically castrating men being treated for prostate cancer, and it is way past time to stop referring to the Federal Reserve as a private Bank. When I was three, I believed in Santa Claus, I came to my senses by age 6. I am a fast learner. Some of us, not so much apparently.
I'm wondering. Is it a bit too soon to conclude much of anything about AI? But of course the Markets won't care. AI stocks are going to be the hot stocks.
Are you guys ever going to learn Ithat none of that ever affects the market? The market goes in waves regardless of what's going on. That has nothing to do with anything. Man you guys work so hard to just spin your tires. Price is going up because A it's an election year and B because it's on an extension wave. If you want to get technical, it's an election year because it's on an extension . That's it end of story.
I have lost faith in your ability to understand the system we operate in. "In its role as the central bank of the United States, the Fed serves as a banker's bank and as the government's bank. As the banker's bank, it helps to assure the safety and efficiency of the payments system. As the government's bank or fiscal agent, the Fed processes a variety of financial transactions involving trillions of dollars. Just as an individual might keep an account at a bank, the U.S. Treasury keeps a checking account with the Federal Reserve, through which incoming federal tax deposits and outgoing government payments are handled. As part of this service relationship, the Fed sells and redeems U.S. government securities such as savings bonds and Treasury bills, notes and bonds. It also issues the nation's coin and paper currency. The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation's cash supply and, in effect, sells the paper currency to the Federal Reserve Banks at manufacturing cost, and the coins at face value..." Chew on that first, piezoe.
It's all antiquated now. It's going to be Bitcoin and crypto if it isn't already two countries already using Bitcoin as backing. Bet you didn't think that was going to happen 10 years ago...or that we'd have Bitcoin ETFs. It wouldn't surprise me if people end up selling off all their assets and putting it all in Bitcoin. Especially when retiring. It has proven that it's an amazing wealth creator... the alternative is dividends lol. There is a study showing that millionaires and billionaires who aren't holding Bitcoin are losing a substantial percent of their fortune relative to bitcoin. Maybe there'll be those Bitcoin Citadel cities or something. I think you can get Bitcoin bank cards now. So yeah adios central banking system.