If you buy gold/silver/bitcoin, and it doesn't generate income, then you will have to sell one day. If it generates income, then that's a game changer. @Monetary_Metals pays interest on gold and silver. Currently offering 12% silver interest on silver.

1920s socialist: scientific economic planning will produce riches 2026 socialist: a loan is the same as income

Half of Leftists hate billionaires, because they think nobody should consume that much and deride that this alleged orgy of consumption trickles down. The other half hate billionaires for their imagined hoarding, not consuming thus allegedly causing the poor to starve.

"Teach them economics.." He said moral. It's envy, but he elevates it to a moral issue. This can only be defeated by exposing it for what it is. Not just bad econ. Bad moral code.

The thing hated most about capitalism is:

Taking over Tesla to ... to ... umm... *watches horror movies* Give power over it to the zombie horde! This is the envy side of socialism.

The Left wants to keep the for-sale system. Plus eat the rich.

Which side of the false alternative do you support: 1 stripmine wealthy people, until they're poor 2 celebrate the regulatory/subsidy plus 4 decades of falling interest rates that pumped up a trillion in net worth, calling this "capitalism"

One wonders if they want to stop the productivity, or just stripmine the rewards? Do they want Venezuela or N Korea?

"But the roads and schools" is how they demand a blank check. No amount of welfare spending, no amount of bureaucracy spending, no amount of fraud and waste can ever be too much. You must pay for it all. Because, roads and schools.

1) A quick thread on the @StoneX_Official Natural Resources Summit in NYC...

Feeding a bigger chunk of the more-productive people to the old... doesn't fix anything. But it does strip away part of the facade that you are paying for your own retirement.

If I say "Social Security is a ponzi", then people say "yeah, that's bad" or "I paid in". If I say "Social Security feeds the young to the old" then people get angry. And rightfully so. Then they either have to argue this is untrue (good luck). Or stop supporting it.

Life is hard. You have no choice about that. Your choice is what kind of hard, when the hard hits, and where.

A rare feat. This one statement combines the magical thinking side of socialism with the envy side, *AND* betrays the lack of comprehension of math! #AchievementUnlocked

You scrimped and saved. You took the risk of quitting a good job to start a company. During the early years, you postponed vacations, kids, all sorts of things. You lived with the uncertainty, the feast-ajd-famine, the govt's gut punches like covid lockdown. In the end, you have a very valuable business. But socialists want to tax you based on its value (which is not cash in hand), prevent you from leaving it to your kids, etc. What argument do you make: 1 this is *MINE*, I created it 2 private ownership isn't perfect but it's the best way to harness entrepreneurial energy for the greatest good ??

Irony. Right here. I said MMTers can't picture a gold redeemable monetary system. In denying this, Keen (a leading MMTer) shows his picture of it. Instability. Kings dropping like flies. Mercenaries killing off whole swathes of the population. A masterful self-own.

"Markets aren't perfect, but they solve the one problem..." Why do so many free marketers say this, as if to genuflect before the socialist altar? It sounds weak. And wrong. A free market is the perfect way for productive people to coordinate. Every govt intrusion--making it less free--reduces coordination. Every criticism levied against markets--every market "failure"--is really just whining that free people don't do as you want them to do.

I've never understood the motive to believe in this fallacy. It's true: no country on earth has ever had a fully free market. But why would this lead you to advocate the welfare dole, punitive taxation, the Regulatorium, and every other way govt keeps you poorer and unhappier?

Good advice for my Phoenix peeps! 😜