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
Discussion
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
note1jcm99grfv8kletmldck2dspharzqk4733v4p0uhce7fwtk8gzj8sp44570
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
if you take 16 fish from the people who invented the boat
you’re not gonna increase the work effort of the other 8
look at the GOVT.
YOU KNOW WHAT’S A MIRACLE?
i’ll close on this...
look at how GOVT has grown over 90 years.
( as a share of GDP )
and yet we’re wealthier today than we were in the ‘90s
than we were in the ’70s,
than we were in the ‘50s
than we were in the '30s...
(well the 30’s was the depression but you get my point)
somehow we’ve been able to pull that wagon
even though is getting fuller and fuller and fuller and fuller
the KEY reason is TECHNOLOGY
we’re using a steam shovel to dig ditches today or a backhoe, and 150 years ago we used a shovel, right?
we were able to survive virtually ( COVID )
thanks to TECHNOLOGY
at least partly because of virtual tools.
i find it amazing that we’ve been able to grow in spite of all of this
and today. FINALLY
i think for the first time since the stagflation of the’70s
you know: Johnson, Nixon, Ford and Carter
the four horsemen of the apocalypse, all right?
for the first time since the 1970s
we’re hitting the wall again with gasoline prices
sometimes independent voters that's all they need to see
and we wish 20% in the middle half the time they determined elections and it could be as simple as gas prices
like it drives me crazy
‘cause they don’t think about political philosophy
they don’t read misses
they don’t read anything
( well that’s just an exaggeration )
but they just don’t care about politics
but when they see the gas prices go up. it’s over for’em
that’s part of what happened in virginia and new jersey
at some point you do pay a price
but we haven’t paid a massive one yet
we are still growing, that’s the key.
we used to grow 4, then we used to grow 3
now we're growing 2, eventually grow 1
that’s something about boiling a frog in hot water
and that's what i worry about
is that we’ll eventually get to that point where we’re just boiled and we don’t care.
anyway…
just back on the trucks real quick
i don’t think the regulations are much different today than they were in 2019
i wouldn’t argue that they’re not being enforced
i wouldn't argue against the idea that truckers aren’t teed off about all this
but i do believe that one of the key reasons we have all these ships backed up is ‘cause we can’t handle all the money.
WE BORROWED $5 TRILLION
I MEAN, YOU CAN LOSE YOUR JOB ON NOVEMBER AND SPEND A FULL YEAR’S PAYCHECK IN DECEMBER ON YOUR CREDIT CARD
THAT'S WHAT WE DID.
we shut down the economy and we spent 20% more
4M fewer people working and 20% more on spending
that’s just impossible to me. but it happened.
and the thing i hate them most… i tell all the time
i hate being a Keynesian economist
‘cause that what we are doing these days
how many hundred billions is the GOVT spending?
how many a hundred billion did the FED print?
add ‘em up then it gives us 2,5% GDP
OMG . I HATE THIS
‘cause that’s not what grows ECONOMIES
ENTREPRENEURSHIP grows economics
INVENTIONS grows economies
NOT THE GOVT
but we’re in this place where GOVTs are causing all these things to happen
it’s time we asked ourselves if we still know the freedoms intended for us by the Founding Fathers.
James Madison said, “We base all our experiments on the capacity of mankind for self-government.”
AMERICA NEW DESIGN
the top-down elitist politics that has dominated the US since the end of the COLD WAR
under Republican and Democratic administrations have failed
yes. we’re materially richer than in 1991 and our big-corps are more profitable
but we’re not united
we’re militarily and strategically weaker
we’re fiscally endangered and spiritually weakened
while material wealth has increased public trust in institutions has declined
we need to restore the constitution
i want to set the direction of this conversation
