RE:RE:RE:RE:RE:RE:RE:RE:Next week earnings ...Very good posts. I totally agree that money is a very difficult concept to understand
especially how gov'ts handle it. They have unlimited ability to create it thereby paying
off or down on debts that are due or rolling over debt into longer duration at generally
higher rates. This kind of debt financing where money supply increases to pay current
liabilities seems ok except when down the road it causes inflation or the devaluation
of money itself. Because these programs are huge and not immediately felt, it is a
hard to see and grasp the consequences for the average person.
The other arm of gov't policy that inextricably linked to money supply growth is interest
rates. While gov'ts are trying to bury debt with money supply, they are at the same time trying to control inflation which in part is caused by their very own monetary policies in the first place. To me it seems they are on a treadmill going faster and faster but going
nowhere.
Lastly, my comment is on VET. Oldnagger scored a knockout with his last comment.
A truer pragmatic viewpoint would be hard to find. Lets capitalize on VET as it benefits from the stupidities of gov'ts and their policies for every dollar we can.