Joe retweeted
Correct. Rates are set by the monopolist issuer (Gov)
Longer term rates are the markets bet on what rate the monopolist sets in the future.
The monopolist allows this market risk premium to be added to their set price. They could easily set the entire curve if they wanted.
Joe retweeted
Tax revenues are money returned to government that is cancelled out of existence. There’s no such thing as government spending tax revenues. Spending is the act of bringing new money into existence.
Joe retweeted
This is the part where making sure you could take a massive drawdown without having to sell is imperative.
Those of us who were able to hold on during 2007 saw unprecedented price appreciation simply due to not being wiped out.
Always buy with this in mind. Dont bet the house
Seeing how gold is moving, maybe the metaphor should be gold is physical bitcoin rather than bitcoin is digital gold.
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Joe retweeted
When the govt is taking in more taxes than its spending the non-govt sector is losing financial assets. Conversely, when the govt is spending more than its taxing, the non-govt sector is gaining financial assets.
In a capitalist monetary system, where bank loans create deposits, the ability for the system to justify the creation of the next loan is predicated on the financial profitability and wealth of the current system, as is. So taking away that profitability and wealth (which is what a tax drain is doing) reduces the feasibility of the next loan being created, and if the next loan fails to come into existence (and its corresponding deposit) the system faces solvency risk and a collapse is inevitable unless the govt spigot reverses.
It was a thousand dollars for a “robot” that doesn’t clean well and gets lost or stuck most of the time… this isn’t surprising.
finance.yahoo.com/news/irobo…
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Forget about blackstone, supply, interest rates, etc. Just implement a policy that disincentivizes multiple residences, short term ownership, and certain types of rental property ownership. Reward primary residence ownership. Do these things and see what happens.
I *will not* allow Blackstone to come into Florida, buy up entire neighborhoods, and force out families who just want to buy a home. Blackstone has done nothing for our country or our state. It’s time we stand up to them.
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