The Corona Virus and investing the negative affects !

Discussion in 'Bullion Investing' started by mpcusa, Mar 8, 2020.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    I'm not sure that I'd pick "the height of the Cold War arms race" as my desired target for military spending. In that period, it seemed like it was less about "keep our country safe" and more about "make sure the other guys would be glowing brighter than we were once it was all over".
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Aside from peak spikes from Korea (1951-52) and Vietnam (1966-68), the rest of the 1950's and 1960's saw spending pretty much within 2% of those peaks.

    It didn't drop much until the 1970's when spending ended on Vietnam and then was overcut in relation to inflation. Even Reagan never got it much above 5% during another heightened Cold War period.
     
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    It's $846 billion for 2019, with revisons coming:

    https://www.bea.gov/system/files/2020-03/gdp4q19_3rd_0.pdf
     
  5. crazyd

    crazyd Well-Known Member

    What's an entitlement ? and why do you think so?
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    EntitlementS...plural :D...anything non-defense and non-interest.
     
  7. Jeffjay

    Jeffjay Well-Known Member

    Entitlements are mostly earned benefits. Start messing with what people have worked their whole lives for and there will be hell to pay.
     
  8. FryDaddyJr

    FryDaddyJr Junior Member

    people who profit off the military are the biggest leaches
     
    non_cents and Jeffjay like this.
  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    And that has what to do with Covid-19 and investments?
     
    GoldFinger1969 likes this.
  10. John Skelton

    John Skelton Morgan man!

    I don't know about that. But it seems the government has been spending money for things that we didn't have before, and probably don't need as much as they think we do. Then again, 'twas ever thus.
     
    GoldFinger1969 likes this.
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sure, they're "earned" in the sense promised...but we're overpromising based on flawed financial assumptions that any 1st Level CFA student or MBA grad could see.

    Look at the underfunded pension plans.....those promised benefits will NOT be paid. The pols and labor leaders both know it -- but know they won't be around (probably) when th Day of Reckoning hits. :banghead:
     
  12. FryDaddyJr

    FryDaddyJr Junior Member


    we're talking about the budget edited
     
    Last edited by a moderator: Apr 13, 2020
  13. baseball21

    baseball21 Well-Known Member

    That military spending is the ONLY reason why the deficit doesn't really matter and the dollar is a reserve currency of the world, get rid of the military and become just another country on the block and the deficit will start to matter very quickly. The people advocating taking their spending away really don't understand the true consequences of severely weakening it
     
    Randy Abercrombie likes this.
  14. FryDaddyJr

    FryDaddyJr Junior Member


    OR WE COULD PAY OFF OUR DEBT.
     
    John Skelton likes this.
  15. baseball21

    baseball21 Well-Known Member

    Lol or we could actually deal in reality. Essentially every modernized country on the planet has massive debt
     
    Randy Abercrombie likes this.
  16. Jeffjay

    Jeffjay Well-Known Member

    Private pensions aren't considered entitlements.
     
  17. losthomer

    losthomer Active Member

    It's been done before.
     
  18. baseball21

    baseball21 Well-Known Member

    Name it then from countries since WW2 or even WW1 and forgiving post war debt doesn't count

    Also name the countries that have no debt.

    If you actually look into it you will learn everyone has debt and the world leaders all have massive debt
     
  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Edit
     
    Last edited: Apr 13, 2020
  20. FryDaddyJr

    FryDaddyJr Junior Member

    edited
     
    Last edited by a moderator: Apr 13, 2020
    Jeffjay likes this.
  21. FryDaddyJr

    FryDaddyJr Junior Member


    edited
     
    Last edited by a moderator: Apr 13, 2020
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