- City girls just seem to find out early. How to open doors with just a smile. A rich old man and she won't have to worry. She'll dress up all in lace and go in style.
- Eagles (Lyin' Eyes)
As Old As Time
Did not the Lord mention that sinners know how to give presents to their children? Do they not know our culture? Do they not see our movies, hear our songs and watch our television?
Our politicians are among the modern sinners. They have intelligent people who they hire to smooth out their language. Presidents employ them to get laws passed that they know have corrupt favoritism. Did Biden's, Inflation Reduction Act stop or add to inflation. We all know it didn't stop inflation and the debt added to our pain. Now, we get the "Big Beautiful Bill." It is 940 pages...and probably will grow. With the little release of points on it, we have gleamed this budget is an Oreo cookie. The first word is honest. It is big. The second is misdirection. It uses a lovely word like a smile. It hides the lies within. The last word is a euphemism. The word bill can mean a law and it can also mean a charge. Dear Reader, we are getting charged to the tune of another $4 trillion to our national debt.
The one good feature of the budget is our government receives $808 billion from tariffs. President Trump gives this needed revenue to the rich in tax cuts. His fellow, lying Repiblicans say the tax cuts add zero to the end game. Why, you ask? Because they say the tax cuts that are already on the books will just be extended. Well, those original tax cuts pushed our national debt of $20 trillion in 2016, to our present $37 trillion and will explode, as this budget as written shows a $3+trillion shortfall. Keep in mind, that our national deficit is so bad that we are already on the books to record one trillion just in interest payments on a yearly basis.
Now, we read this cronyism. Remember too big too fail? Well, the big banks have been after the Fed to lower the rule to have extra capital in these large institutions. They got two villains to help. Michelle Bowman and Powell have ended eSLR.
Trump's budget will send the dollar into a crisis. The Chinese, Russians and BRICS will be giddy. The One World crowd will be foaming at the mouth. The IMF will push their Special Drawing Rights (SDR) basket of currencies plan. Whatever happens, King Dollar will die. It will severely damage the American deam. Everyday citizens will feel not only inflation, but economic pain. We love the Eagles. The chorus pertains to our corrupt government leaders. "...your smile is a thin disguise...There ain't no way to hide your lyin' eyes..."
Consider this...
...a billion seconds is 31 years. We lose more than a $billion a day. A trillion seconds is 31,688 years. Now, you can grasp the importance of having a balanced budget.
We wonder how the trial of Netanyahu is going? How about Brazil's, Bolsonaro? It seems that all the recent presidents of that nation is accused of corruption of one type or another? In any event, what these politicians say after the trial will be a lie.
Meanwhile,
the market hit new record highs in the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ). However, this does not mean a rally. According to Dow Theory, the industrials and transports also must hit new highs. The two are a long way off. Fibonacci Retracement levels offer a clearer picture. When a price moves up above 38.2%, it implies the upside can go higher. When the market shows a high in price level, Fibonacci can identify support levels. The same is true in reverse...Peace.
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