Keeping It Free: Soledad O'Brien Blasts CNN: 'Why People Hate the Media'

Stanley Druckenmiller on the Alleged $32T Debt

Stanley Druckenmiller on the Alleged $32T Debt -- "This is what really annoys me, how no one talks about it... Do you know that the $32 trillion [in government debt] assumes the federal government will never make another Social Security or Medicare payment? [These huge obligations are not included as ‘liabilities’ in the national debt.] Only government accounting could think that the government is never going to make another payment, not one. Not to me... not to you guys when you get older. If you actually accounted for those (big) government programs…credible estimates put the value of that debt [total federal liabilities] at $200 trillion."

Former Sun Microsystems' Scott McNealy on a Stock Price of 10X Sales

"At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes which is very hard. And that assumes you pay no taxes on your dividends which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?"

JFK, 1962

THE PRESIDENT. If the United States refused to cash in dollars for gold, then everyone would go to the gold standard and the United States, which is the reserve currency of the whole free world – we would all be dependent upon the available supply of gold, which is quite limited.
Obviously, it isn’t enough to finance the great movements of trade today and it would be the most backward step that the United States has taken since the end of the Second World War. We have substantially improved our position this quarter, the second quarter over the first quarter. Our loss is down to almost a third of what it was in the first quarter. Our loss, based on the first and second quarter of this year, is about half of what it was last year, and about a third of what it was the year before. We hope that we can bring our balance of payments into balance by the end of next year.
We are not going to devalue. There is no possible use in the United States devaluing. Every other currency in a sense is tied to the dollar; if we devalued, all other currencies would devalue and so that those who speculate against the dollar are going to lose. The United States will not devalue its dollar. And the fact of the matter is the United States can balance its balance of payments any day it wants if it wishes to withdraw its support of our defense expenditures overseas and our foreign aid.

For Dwyer70905.Substack.Com

Sister Blogs

Edward Snowden

Stanley Druckenmiller on the Alleged $32T Debt

Ricardo Salinas and Max Keiser Flying to El Salvador

Sunday, March 11, 2018

Soledad O'Brien Blasts CNN: 'Why People Hate the Media'

No comments:

Post a Comment

Former Sun Microsystems' Scott McNealy on a Stock Price of 10X Sales

Ethereum L2's Decentralization

Most Popular Generative AI Tools 8/2024

Elon Musk on Milei's Argentina

microsoft - chatgpt news

Generational Angst

Greatest Acquisitions

sovereign bond yield news

positive earnings news

AI Stock News

free cash flow news

Bitcoin -- the Commodity

Bitcoin or Ethereum?

Investment Advice

Caitlin Long on Counter Party Risk

Major Economic Indicators Latest Numbers - CPI

Greg Foss on Twitter

Jeff Booth

Productivity - Compensation Ratio Before and After 1972

Building Back Better -- For Real

A Governor Vows To Fight Biden Vaccine Mandate

$80 T World Economy

Michael Saylor of Microstrategy

Tim Draper On The Future

BTC Stock to Flow Ratio

Nipsey Hussle

Chuck Schumer and Joe Manchin

Rich Dad Robert Kiyosaki on Pension Crisis Pt. 2 -- Who Stole My Pension?

oil etf news

opec news

DeFi

return on equity

Martin Armstrong Analysis

Augmented Reality

Currency Supplies

Peter Thiel with Peter Robinson

african cryptocurrency use

Four Fatal Flaws In The Pension System

rule of 40 stock news

sovereign debt increases

1981 - Thomas Sowell

Malcolm X in 1965

Tim Draper On Bitcoin

Chamath Palihapitiya

AI Stocks

hedge fund selling

Dick Gregory

family office stock buys

presidential campaign donations

decentralized cryptocurrency exchange news

inflation

Jack Dorsey - How Twitter Needs to Change

dan tapiero news

billionaire buys

jack dorsey on cryptocurrency

chinese debt market

Shirley Chisholm 1972

kentucky pension crisis

california pension crisis

illinois pension crisis

falling bond yield

harry dent

federal reserve

From Casey Research

calpers pension funding

cole smead news

sports investment news

Tim Draper December 2019

cyptocurrency legislation

Sports Picks

augmented reality