2020 vs 2021?
#41
The low rates have nothing to do with how the federal government services the debt. They service the debt by selling bonds. Example they have $100,000 worth of bonds and they sell those bonds with an 8% interest return rate. Obviously everybody wants it because they're going to get 8% interest return on that hundred thousand dollars Bond then the bidding war starts but the interest rates go down. I cut in and say no I'll take those hundred-thousand-dollar bonds at 7% and then Joe blow down the street says no I'll take those at 6% and so on and so forth. Finally somebody says okay we're all out in the winter is Joe Blow who's taking those hundred-thousand-dollar bonds at 2% return. It's great because it's almost guaranteed because we are the United States but now look how much were in that. In the trillions. Guess who's the biggest buyer of our bonds? The Chinese. Back to our point interest rates will go up housing toys such as boats RVs and Home Improvement prices will plummet.
#43
If you really want to get nervous, do a web search on the Chinese buying 300 million dollars worth of property in Jamaica. What are they want that property for? Maybe build a base? A close friend of mine is Brazilian and he informed me that the Chinese own already half of Brazil. And if you really want to get scared do some research and you'll find out that the Chinese have been buying cattle ranches in Oklahoma. This way they can own the ranch and Export the beef themselves. Will end up having to buy RV from them. How can this happen? They've been buying these ranches for two to three times their value if people are selling out. Boys and girls we are in scary times
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SB (01-12-2021)
#44
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Soon we’ll be running up against 4 banger turbos on the water. Imagine the graphics. FYI below.
https://www.freightwaves.com/news/ex...ce-at-us-ports
https://www.freightwaves.com/news/ex...ce-at-us-ports
#45
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I am amazed that we just now are waking up to China. I used to go there almost every month from 2001-2009, they have a long term plan (25,50,100 year) and have for a while to be the next super power.
We have sold them rare earth companies, land, everything just to get rich. They educate their people so that now they have a ton of engineers and scientist. Our companies lay off our engineers and hire Chinese engineers.
I used to say in the mid 2000's we could never have a world war, all china would have to do it shut the supply chain off,,,,, done.
We have sold them rare earth companies, land, everything just to get rich. They educate their people so that now they have a ton of engineers and scientist. Our companies lay off our engineers and hire Chinese engineers.
I used to say in the mid 2000's we could never have a world war, all china would have to do it shut the supply chain off,,,,, done.
#46
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The following 2 users liked this post by SB:
getrdunn (01-12-2021), Gimme Fuel (01-13-2021)
#47
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When able listen to this podcast. It’s a little over an hour however turn it on and turn it up when able. Mike Adams is no newbie.
http://brighteon.com/0c1c062c-8c16-4...7-71d4250314c6
http://brighteon.com/0c1c062c-8c16-4...7-71d4250314c6