Attn Tug expert economists:

PurpleThrobber

http://twitter.com/kimdotcom/status/1850402139920834630

Discuss

Trump has already started floating out the concept of ditching the Fed. Tariff talk and lamenting the US tax system before income tax/Federal Reserve.

Blueduck

https://hardcorehusky.com/discussion/117621/attn-tug-expert-economists

Both are illegal and unconstitutional ..the sole intent is to fleece the people . They need to be dismantled.

Edit an audit of our gold "reserves" may be shocking

pawz

https://hardcorehusky.com/discussion/117621/attn-tug-expert-economists

If he tries that, he’s going to have to live on a military base for personal protection.

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Bob_C

The Us government, who demands that companies use GAAP accounting, don’t use it themselves.

WestlinnDuck

There are solutions and not allowing interest on loans isn't one of them. The problem is spending, much of which is contra productive. Providing food stamps so someone who is obese can buy a six pack of coke and a bag of Lay's potato chips at 1:00 AM in the morning at a 7-11 isn't exactly a smart move by so called professional elite politicians. Neither is all the spending by the Dept. of Education which is more interested in funding the teacher unions and getting tampons in the boys bathroom. Stop being the world's welfare magnet.

Bob_C

A balanced budget amendment would do wonders over the long term.

EverettChris

Lets get well to direct a Department of Government Efficiency and audit all agencies before we start thinking about drastic changes on how we taxpayers fund government.

Raising taxes when hundreds of billions can’t be accounted for currently needs to be corrected ASAP. I’d also start with trimming government payroll. When cabinet secretary Pete Buttigieg can take off 3 months for maternity leave not be missed, something is fundamentally wrong with how things are structured.

UW_Doog_Bot

https://hardcorehusky.com/discussion/117621/attn-tug-expert-economists

Lotta different ideas to unpack some dumber some actually workable.

In no way do we need to "settle debt" by printing $40T. Get debt back to manageable levels? Yes.

There's actual reasons you don't want zero debt or a wealth fund a la Norway. Doubly so when you are the reserve currency.

We can definitely talk about what ditching the fed looks like. The trouble with just returning to a gold standard is that there's not enough gold in the world to support the required velocity or liquidity. BTC or another crypto though....

WestlinnDuck

https://hardcorehusky.com/discussion/comment/2012402#Comment_2012402

There is plenty of gold to do the job. The argument against the US dollar is that there is more than plenty of dollars. You just print more when you feel like it. You can't print gold. Given a limited resource you think we would be funding this shit?

https://ace.mu.nu/

James Varney: Biden-Harris's Climate Slush-Fund Gives Out Nearly a Billions and Billions of Taxpayer Dollars to a Fund Controlled By Obama's Former Aides and Other Democrat Cronies

—Disinformation Expert Ace

When they say "Green New Deal," they're talking about bilking the taxpayers for their own Generational Wealth.

Although there isn't much public information available about the Justice Climate Fund, it appears to have been an overnight success.

After gaining nonprofit status in August 2023, the organization was awarded $940 million by the Biden administration just eight months later in connection with the White House's $27 billion Greenhouse Gas Reduction Fund, which aims to provide financial assistance to reduce carbon emissions and reduce pollution.

The Justice Climate Fund is not the only nonprofit newcomer suddenly made rich by the GGRF. Within a month of gaining nonprofit status from the IRS, Power Forward Communities, which reported 2023 revenues of $100, was awarded $2 billion.

The awards were made by the Environmental Protection Agency, which is new to the world of major grantmaking. The agency acknowledges it has never handed out such gigantic sums of money, and its inspector general told Congress last month it marked a "fantastically complex" and "unusual" setup that his small staff would be hard-pressed to follow.

Critics note that many of the awardees are run by politically connected figures. The single biggest winner in the awards, which were announced in April, was the Climate United Fund, which is slated to receive $6.97 billion. The fund's directors include prominent Democrats, such as Phil Angelides, a former California State Treasurer, and Anthony Foxx, who served as Transportation Secretary in the Obama administration.

The unprecedented nature of the Greenhouse Gas Reduction Fund, which was created as part of 2022's Inflation Reduction Act, is raising concerns about the Biden administration's efforts to spend tens of billions of dollars in its final months, a gusher of taxpayer money that will flow into a poorly understood, untested, and difficult to audit format. The tremendous sums involved, the novelty of the program, and the EPA's lack of experience in the field, as well as the unproven track record of some of the newly hatched recipients, have drawn the attention of lawmakers and others uncertain about how the taxpayers' billions will ultimately be spent and who will keep track of it all.

"These groups are political front groups that are simply created to funnel billions of taxpayer dollars to Democrat campaigns under the guise of doing something good," said Mandy Gunasekara, who served as EPA chief of staff in the Trump administration.

Daren Bakst, director of the conservative Competitive Enterprise Institute's Center for Energy and Environment and a sharp critic of the Biden administration's climate change spending splurge, said, "It's worse than a slush fund -- it's a slush fund to create non-profit slush funds."

UW_Doog_Bot

https://hardcorehusky.com/discussion/comment/2012532#Comment_2012532

"The best estimates currently available suggest that around 212,582 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950. And since gold is virtually indestructible, this means that almost all of this metal is still around in one form or another. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold would only measure around 22 metres on each side."

No, there is most definitely not enough gold to support global transactions and unlike something like crypto it isn’t infinitesimally fractionable. There's a physical limit to how much a meaningful measurable amount of gold is and that amount won't support global exchange.

Technically, government currency COULD be infinitesimal in carving up gold NOTES but then it's not much better than fiat which defeats the point of being gold backed.

Then there's also the "trust" factor of gold backed currency. The US already essentially defaulted on it once. Who's going to trust it a second time not to?

LOL that BRICS will be trust worthy enough. China already has a massive issue with fake gold bars. You trust the CCP to hold gold reserves securely for you?

WestlinnDuck

Nope. Neither do the smart Chinese people. Have the Swiss issue a gold backed currency.