we all know this. it isn’t a mystery
Discussion
since FEB 2020, and this i find fascinating
retail sales are up 20%
that’s PRE-PANDEMIC
( i’m not talking about from the bottom in APRIL
after we shut down )
FEB 2020 retail sales are up 20%
in normal times with NO pandemic
they’d be up about 7%
so, how is it possible that retail sales are up 13% faster than normal and yet we have 4 million fewer people working?
the answer is we borrowed from our kids
we gave it to everybody spend a day
we printed more money
and what does this do?
it’s like giving morphine to an accident victim
they don’t know how badly they’re hurt
that’s what we have done
by paying people not to work
by giving people money and letting them spend
retailers selling more goods than their never sold in their lives
it makes it feel like nothing’s wrong. when in fact:
ALL WE HAVE DONE IS BUILD DEBT AFTER DEBT AFTER DEBT
this is M2
Milton Friedman told me to watch M2
he didn’t tell me to watch QE and the monetary base
he said: what is happening with the money supply in the banking system?
this is year over year % growth in M2
we peaked at 27%
we’re now growing 13%
if you look back over history
is the fastest money grow since the 70’s
this is why we have inflation
is not all bc of supply chain problems
is bc we have printed way too much money and we are addicted to it
conclusion:
i described the problems of the economy
NOW. where do we go from here?
the fisherman and the boat or the redistribution of wealth by politicians?
WEALTH CREATION OR WEALTH DISTRIBUTION?
that’s the battle of all of humankind
rise and fall of nations
wealth and poverty
( all of it it’s gone on forever )
one thing i hear people say about AMERICA is…
democracies only last 200 years.
( it’s not really perfectly true )
but we get the point
we’re getting close to the end
we’re gonna vote ourselves
the majority votes… the minority pays for it
OK. i get the point
i look back in history and i see it
but re-member
there is ONLY ONE U.S. Constitution
there is ONLY ONE AMERICA
there’s no historical precedent
so don’t tell me AMERICA only lasts 200 years
it’s never been around before, so how can you tell me that?
i still believe in the constitution
250 years
the only bad thing is we've accepted a BIGGER GOVT
we must shrink the size of the GOVT
when i see faith in GOVT GROW
and faith in GOD diminish
i wonder if we're gonna able to turn it around without a RE-FOUNDING
we need to RE-FOUND AMERICA
to believe in FREE MARKETS
we need to have FAITH
and faith is faith in your fellow man/woman
that they like you are made in the image of GOD
that they, he or she, whoever they are
will show up to work every day and do their part
to provide the good and services you desire
as you do the same
( i've said this twice now )
unfortunately, many of our fellow and owners don't believe this
we have a lot of work to do
i know the solution. you know the solution
i hear conservatives all the time
they're fighting opioids
they're fighting crime
they're fighting trucking regulations
they're fighting diversity and inclusion rules
all of those are worthy battles
but not the main battle
( changing any of those things won't change our future path )
if we don't shrink the size of GOVT
we're not creating wealth
we must shrink the size of GOVT
and one of the keys to that is getting more FAITH
we need our children, our journalists, our politicians to talk about this stuff out loud
we need to encourage them
we all know that it’s freedom and free markets
that’s what get US there
that’s what BITCOIN stands for
what we need is FAITH
WE RE-INVENT AMERICA
the solution is BITCOIN
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let's go back to the beginning: and it’s MISES
we can’t go back to the beginning of life and decide that that’s how resources…
it doesn't matter.
flip the coin. pick any day in history
it wouldn’t be fair.
NOTHING IS FAIR. EVER
except for the LAW.
when we put LAW in place
we all operate under the same RULES
trying to go back and break the law to break down the barrier of the law so we can change the distribution of resources
is literally going back to the same thing. the same place we were before the law
getting rid of the LAW take us back to VIOLENCE
that’s the problem
i don't know how you ever make a big argument on that
it’s not a bumper sticker
you can’t win a presidency based on that
you don’t win a senate race based on that
but that’s the underlying philosophy
that’s the underlying thing that made AMERICA GREAT
and that’s what we have to DEFEND
that’s what i want to share
what’s underneath. what we’re defending
is not trucking regulations but the LAW
RULE OF LAW is what makes AMERICA GREAT AGAIN
back to the 200-year speech
how can we navigate financially in 2025?
i divide the world in 2 parts
the next 12 months and then after that
after that, is all stuff i’m talking about
what are we gonna do about the debt?
how are our tax rates gonna change?
and we’ll find that out at some point in time.
( scroll up and read )
we’re still printing
we’ve printed $4T 38% more money
and that money is pouring into the economy
so, what i tell investors is when there’s a flood
everything in your house floats, but your weight is set
and that’s investing today
everything's floating
earnings are gonna be up
we're gonna continue to add millions of jobs
over the next 12 months
retail sales are gonna continue to grow. faster than historical norms
we will slowly but surely fixed supply chains
but inflation’s here
for the conservatives:
don't just buy gold
BUY BITCOIN
buy a basket of commodities
all of them will tend to rise
oil companies are cheap
manufacturing companies are cheap
material companies are cheap
real estate is at a permanently higher price
bc of 38% of money grow
we’re not gonna take the money out of the economy
all i mean by that is we won't go up like we did last year
but we will go up more slowly from this level in the future
for the next 12 months?
i kinda close my eyes and stay long
bc when the FED is this easy
and they’re not gonna raise rates. stay long
that’s my advice
for US
BUY BITCOIN AND HOLD
HOW DO WE MOVE TO LESS GOVERNMENT?
we need smaller GOVT
we need more FAITH
we all know the penny plan, right?
if we just cut spending a penny every year
i always used to make the argument
Republicans must say: we’re gonna freeze spending
it’s like fight them off
cause when they come and say
“it was supposed to go up 4% now you’re gonna keep it down here you’re cutting spending by 4"
NO. we’re freezing. we’re freezing. we’re freezing
and if we froze spending
believe it or not revenues would catch up w spending
if we froze spending we’d have a balanced budget in about 7 years. with no tax hikes
but they won’t do that
i was in the GOVT over a decade ago
( i learned there / i know )
you try to cut the size of GOVT and cut taxes
and here’s what you are doing
taking from the poor giving to the rich
it’s their bumper sticker, it’s easy as pie.
how do you beat that?
Ronald Reagan was a miracle
he could do that
he was able to at least get us there
can Trump do that now ?
look
there is a DEEP STATE
i wanna be careful how i define it
i don't think it is a cabal of…
“like there might be some people in the FBI”…
“there might be some…
the DEEP STATE is SELF-INTERESTED BUREAUCRATS
every once in awhile group of them get together
and put some false flag operation, or some crazy thing
but they’re not related to George Washington’s cousin
who didn’t get the house in 1778
and therefore started the deep,
like give me a brand… and i’ll..
you know. anyway...
and i hid the glasses behind the brick in the liberty tower…
that’s not what it is
DEEP STATE is SELF-INTERESTED BUREAUCRATS
that’s all it is
we have to get rid of them
one idea is to win the presidency, then appoint the top of all these agencies and fire the entire second level
but i don't even know if that gets rid of it.
i mean, Trump tried to do it before, right?
he did. and it didn’t happen.
so I DON'T KNOW
that’s part of the reason why i ended up where i did
just kind of talking about how this happens
bc without understanding we can’t change it
i don’t know how we can really change it
what I DO KNOW is without a woman you can’t WIN
TRUMP - MUSK administration
needs me to WIN
let’s come back to the more romantic
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adventure vs romanticism
a BIG PROBLEM we don’t address
and we don’t have the courage to address
is the lack of WORK ETHIC
we have got too many people in our beautiful country
that are addicted to the entitlements that they've been receiving
and unfortunately it takes a voting group to get rid of this.
first of all, to educate yourself
second of all, to vote for people that understand that and then start pulling it back
how to improve WORK ETHICS?
i’m gonna come back to the same answer again every single time
SHRINK THE SIZE OF GOVT
