Entry Submitted by MenoReno at 4:45 PM EDT on July 5, 2019
Well, Trump had his big 7/4 bash, but no announcements of a restored republic, gold-backed currency, or surprise visit from a dead Kennedy. So, is this all just a bunch of BS, including the RV?
I don't think so. Because in the end, our growing deficit is going to force the Treasury to let this go sooner or later.
Back in 2016, the yearly deficit stood at just under $500b on a budget just shy of $4 trillion. Trump took over, the Repubs passed a multi-trillion dollar tax cut at the same time they increased the budget by almost $500b, and, with it, the deficit to $666b.
In 2018, it jumped 17% to $779b. In 2019, it's already at $738b through May and could end up over $1t. The projection for 2020 is currently $1.1t.
It doesn't take a rocket scientist to see that this is unsustainable. And going back to the gold-standard will only make things worse.
Now, it's estimated by the gurus that the RV should create 5 million new millionaires. This means at least an extra $5 trillion injected into the economy and banking system, and probably considerably more.
If these funds are put to work properly, this should generate enough tax money to help balance out the budget and reduce the deficit.
Oh, but I forgot. No more IRS, right? No more FED, either.
And the cow jumped over the Moon.
MenoReno
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Well, Trump had his big 7/4 bash, but no announcements of a restored republic, gold-backed currency, or surprise visit from a dead Kennedy. So, is this all just a bunch of BS, including the RV?
I don't think so. Because in the end, our growing deficit is going to force the Treasury to let this go sooner or later.
Back in 2016, the yearly deficit stood at just under $500b on a budget just shy of $4 trillion. Trump took over, the Repubs passed a multi-trillion dollar tax cut at the same time they increased the budget by almost $500b, and, with it, the deficit to $666b.
In 2018, it jumped 17% to $779b. In 2019, it's already at $738b through May and could end up over $1t. The projection for 2020 is currently $1.1t.
It doesn't take a rocket scientist to see that this is unsustainable. And going back to the gold-standard will only make things worse.
Now, it's estimated by the gurus that the RV should create 5 million new millionaires. This means at least an extra $5 trillion injected into the economy and banking system, and probably considerably more.
If these funds are put to work properly, this should generate enough tax money to help balance out the budget and reduce the deficit.
Oh, but I forgot. No more IRS, right? No more FED, either.
And the cow jumped over the Moon.
MenoReno
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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