VECKA 12
Tisdag
19
Mars
BT-annons
2020-05-12
photo


Short on Cash
Guru corner med Tom Dyson.

GURU CORNER
Short on Cash (Tom Dyson, kompis med Bill Bonner)

Did you know the U.S. Treasury must borrow more than $5 trillion every year?

That’s because much of the Treasury’s debt is extremely short-term.

About 25% of the face value of the national debt will mature in the next 12 months. About half of it ($11 trillion) will mature in the next three years. And about 70% of it ($15 trillion) is due in the next five years.

This is why the “repo” market blew up in September. And it’s why the Fed now has to bail out the Treasury by printing money.

I also expect the Fed will have to massively expand its bailout to prevent the Treasury from defaulting…

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état. If Rothbard is right, the Constitution as written provides ample scope for tyranny.

The rising generation is brought up in an environment that is engrossed in socialist ideas.

A reading of Roman history, for example, shows that large, sophisticated, and disciplined armies can beat other large armies and conquer cities and organized communities. But put them in the forest, the jungle, or the mountains, up against dispersed, mobile fighters – such as the Afghan tribes – and they are useless.

They can win every battle and still lose the war. (Bill B)

A company that fails to make a profit is destroying wealth, not creating it. And today, 45% of the companies listed on the Nasdaq – including some of the biggest names in the tech sector – are loss-making, not profit-making.

And the wealth they are destroying is real. It’s the wealth of the shareholders and the economy itself. (Bill B)

US aid to foreign regimes helps free governments from having to raise funds from their own people. So, the recipients of foreign aid are likely to become less responsive and more corrupt.

 

 
Göran Högberg

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