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US Default? Tax revenues below estimates.


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#1 Rogerdodger

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Posted 22 April 2023 - 04:06 PM

Elon Musk says that the United States will default on its debt. The question for him is when this default will occur and not whether it will.

The projected date for the default came closer last Tuesday. The income tax revenues seem to be worse than expected. According to Goldman Sachs analysts, the fateful day would be in early June rather than in early August.

Elon Musk Says The Countdown Has Begun (msn.com)



#2 pdx5

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Posted 22 April 2023 - 09:13 PM

We should get involved in more foreign wars. So what if we go broke, at least we can show Russia our military is better.

 

As for going default on debt, FED does not even need paper and ink to print money. A few clicks of mouse, and Trillions can be added on its balance sheet. Nah, there will be no default. Only the dollar will sink and inflation will get badder. I mean worse.


Edited by pdx5, 22 April 2023 - 09:16 PM.

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#3 EntropyModel

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Posted 23 April 2023 - 11:40 AM

We won't default unless its another PLANNED 'crises' that's for sure. I actually have said for long while we will sort of default as planned event, but I don't see the signs for it yet. As PDX points out they can

always delay it with pressing a few buttons  to cut that off now. I believe to get a default there has to be run on the dollar/wholesale selling of USD denominated assets ..but I don't see it currently. However, I would also say, that

 it's likely to be an 'event' i.e. very time compressed -  but there would be signs in credit markets and elsewhere ahead of it ..not seeing that myself here ...I still think the 'real damage' is a long way off,

maybe toward 2028/2030 ..it's impossible to predict though we must all just be aware of the growing RISKs and plan accordingly...my mindset is we are in a period where capital preservation is the focus

not 'risk on' trades in stocks...the risk/reward is just not good.


Edited by EntropyModel, 23 April 2023 - 11:45 AM.

Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email https://www.youtube.com/playlist?list=PLznkbTx_dpw_-Y9bBN3QR-tiNSsFsSojB

#4 Rogerdodger

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Posted 23 April 2023 - 12:09 PM

Elon is attempting to make the US Dollar much more valuable by burning thru $3,000,000,000 in mere seconds.  tongue.png



#5 EntropyModel

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Posted 23 April 2023 - 12:14 PM

Elon is attempting to make the US Dollar much more valuable by burning thru $3,000,000,000 in mere seconds.  tongue.png

 

If he really wants to protect the $ he needs to offer seats on the rocket to central banksters. :-)


Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email https://www.youtube.com/playlist?list=PLznkbTx_dpw_-Y9bBN3QR-tiNSsFsSojB

#6 pdx5

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Posted 23 April 2023 - 01:06 PM

 

Elon is attempting to make the US Dollar much more valuable by burning thru $3,000,000,000 in mere seconds.  tongue.png

 

If he really wants to protect the $ he needs to offer seats on the rocket to central banksters. :-)

 

Haha will there be video taken during the flight and will the video survive the explosion? Black boxes in aircraft usually survive everything.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule