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That's true! And not only that, but home owners tax relief was decreased under the Trump tax bill. see https://oversightdemocrats.house.gov/sites/democrats.oversight.house.gov/files/documents/National%20Report%20on%20Tax%20Bill%20and%20Homeowners.pdf

There is a lot of truth in what you have posted. It may be going a bit too far however to suggest that if the U.S. were not there to protect world trade and make countries think twice before they invade their neighbors the World will turn into a second Africa. Nevertheless, nice to see you...

You could define "intrinsic" in a way that would make this statement true. But what's the point? U.S. money is valuable. You can use it, for example, to buy gold, crypto, political influence, to pay your taxes, or to get out of jail. J.P. Morgan foolishly said "only gold is money." He...

Not at all. It's based on the sovereign's power to tax and the productivity behind it. The Russian Ruble, which is currently Rubble, has political and military authority behind it. What's it worth versus the U.S. Dollar? The ruble's value reflects Russian productivity and Russian power to...

What??? Financial Conservatives, i.e., REPUBLICANS, love private equity!!!!!!!!!!!!!!!!!!!!!!

Yes, No, and Maybe.

We have two simple, Jackasses, Trump and Musk. We have,however, experienced much worse than these two clowns. In the much worse category than Jackass, Henry Kissinger come readily to mind.

There is an alternative way to look at this. I think the alternative way makes the most sense. We should look at the entitlement funding of Social Security and Medicare/Medicaid as separate issues. In neither Social Security nor in Medicare/Medicaid is the problem due to profligate spending...

Have you lost your mind?

It would seem so.

My hope is that there is no truth here, and we are not any worse now than we were 20 or more years ago with regard to thinking and reasoning for ourselves. My concern is that you may be right, because otherwise how do we explain the discarding of the obvious, reasonable and likely in favor of...

The media Malcolm X was referring to was very different from today's. In fact a Trump would have been far less likely in Malcolm X's time -- media gate keepers of major networks which dominated broadcast news in an earlier era would have treated Trump as an embarrassing fool, rather than as a...

one has to be careful not to suggest the enemy may have some inalienable rights that are being trampled on. That kind of talk will get you quickly labeled as something you are not. We are not in Gaza or Ukraine. We are not homeless refugees. I have no children being held as hostages. The one I...

Its the sensible objection to the genocide being openly committed in the eyes of the entire world by the terrorist Netanyahu led Israeli government that's being mislabeled as antisemitism in what, I suppose, is a rather transparent effort to sterilize the genocide being carried out by the...

OK, so here is a related experience I had recently. My Microsoft lap top (or whatever the damn thing is now called) was misbehaving and I couldn't figure out how to fix it. Seemed to be a software bug. Contacted Microsoft technical support. "They" first asked for all manner of irrelevant...

You've forgotten about the guy that paid for your Lambo. I imagine he is still around and mighty pissed. :)

So when there are a lot of people that disagree with us that might be a sign of something.

How long have there been slot machines, how long has the game of poker been around? I wouldn't expect crypto to disappear until humans lose interest in "getting rich quick" or buying things that are illegal. Or, look at it another way: How long has religion been around? I would guess...

You'll be pleased to know that Professor Randall Wray* agrees with you and goes a bit further beyond your "not much of a currency" all the way to "not a currency at all". That's because all true currencies, including fiat, are liabilities of the issuer. (I.O.U.s in other words). See Wray's...

Well then you have an easy answer for these "problem countries" Just encourage them to go ahead and adopt Bitcoin as their national currency. Problem solved. Your a genius! :rolleyes: