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Here is the real bubble


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#1 steadyquest

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Posted 01 June 2024 - 11:16 PM

A log chart makes it clear - we don't have much time...

Debt.png



#2 steadyquest

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Posted 02 June 2024 - 12:59 AM

That chart was broken somehow - I think this one is okay.  Guess we have plenty of time - shouldn't even hit 100T until about 2039 - and it's only monopoly money anyway.  Thank goodness (and Nixon) it's not backed by the promise of gold or silver.

Debt2.png



#3 Douglas

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Posted 02 June 2024 - 01:29 AM

Steadyquest, in "real money" the 1966 deficit has only gone up by 50% in 50 years, from about 10 billion ounces of gold to about 15 billion currently.  The real bubble is in fiat, worthless paper. 

 

Regards,

Douglas



#4 steadyquest

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Posted 02 June 2024 - 10:42 AM

"The real bubble is in fiat, worthless paper."

Agreed - that's why I jokingly thank Nixon that we won't have to repay that debt with 2.86 trillion ounces of gold (100T / $35).