US Budget Deficit Increases

Discussion in 'Bullion Investing' started by Santinidollar, Oct 15, 2018.

  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Tell that to the communist leaders of the former Soviet Union, and to the grateful citizens of the many liberated eastern bloc countries. The bottoming of the ruble in 1985 was almost entirely due to Ronald Reagan's exhaustion of the Soviet coffers during the cold war and ultimately led to the dissolution of the USSR.

    That is a dangerously comforting message to those who prefer to take no meaningful action at all. Not very helpful, if you ask me . . .
    Last edited: Oct 20, 2018
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  3. baseball21

    baseball21 Well-Known Member

    There is much more at play in a system where no matter what you do you get the same as everyone else but Jim or Doug will just ban me for mentioning it probably.

    I'll just leave it as the USSR military was a skeleton of itself by that point and the USA was able to break them for a variety of reasons.
  4. Christie21

    Christie21 Member

    So I can only post what you want? Pretty sure it wouldn't have been deleted if it was the republican version. - edited -
    Last edited by a moderator: Oct 23, 2018
  5. Christie21

    Christie21 Member

    Wow, I'm shocked. You are coming around. Good to see. A year or two ago you were totally blind. Now if only all the cult members can see the light.
  6. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Coming around? I've been a debt hawk all my life.

    I'm not sure what you think I was blind to, but if it will lead to a political discussion, please refrain from airing it publicly on CT . . . A PM will work just fine.
    wxcoin likes this.
  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    You're wrong about that Christie. CoinTalk is a politically diverse community of collectors, and we consistently suppress controversial political discussions in order to keep it that way.
  8. chrisild

    chrisild Coin Collector Supporter

    We could of course argue quite a bit about both of the above political comments. :) Ah well, since most of the money we collect, be it coins or bills, is issued by governments, many of our discussions here will also "touch" political issues to some extent. But yes, @Christie21 , the moderators here do a good job about keeping party politics out. And if you look at who among the members complains about a lack of balance, you will see that this place is indeed diverse but balanced. ;)


    GDJMSP Numismatist Moderator

    You're wrong, it would be edited out just like yours was. And if you don't believe me, try posting one and see for yourself. Or, if you see one posted by somebody else then report it and you will see for yourself that it does get removed.

    I don't care who it is that posts it or what party, independent, democrat, republican, libertarian, socialist, communist, or whatever else you can come up with - if the post is deemed to be political in nature by the mods it will be removed - period.
    ToughCOINS likes this.
  10. Michael K

    Michael K Well-Known Member

    Yes. You are on a forum that is owned and paid for and the rules made by someone else. This is not a free speech forum. Politics are not allowed.
    When you sign on here, you agree to follow the rules.
    But I have a feeling she is not going to be a lifer anyway.
    There are plenty of other boards where you can roil stuff up more to your liking.

    In re the deficit, if we can't even pay the "interest" how are we going to reduce the deficit? As I said in my earlier post, we are never going to pay it off.
    wxcoin likes this.
  11. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Good response.

    The deficit and the debt are two different things. The debt is how much we owe in total. The deficit is how much more that we spend than we budgeted for a particular year.

    We are currently paying interest on the debt, and it is over one hundred billion dollars annually. If we didn't already have a debt, we could run a deficit for a limited time, and easily afford to do so, especially if we had a surplus of funds in the coffers. Unfortunately, we do not.
  12. Santinidollar

    Santinidollar Supporter! Supporter

    What is it about “no politics” that you do not understand?

    I find it disturbing that so many people today cannot or will not discuss issues — such as the debt and the deficit — without immediately pulling in politics and personalities.
  13. Michael K

    Michael K Well-Known Member

    Yes I was thinking of the debt, not the deficit, 2 different things, and I know the difference.
    The deficit could be eliminated, but it is short lived. The budget was balanced, a few presidents ago, and then the next president went way over fighting a foreign campaign.
    Governments should be held accountable to the same rules that apply to any of us,
    in regards to not spending more money than you take in.
    midas1 likes this.
  14. Phil Ham

    Phil Ham Hamster

    Unfortunately, it is difficult to discuss the impact of the US budget deficit, trade policy, and Fed rates and its impact on the price of precious metals without talking politics. Thus, the bullion investing blogs tend to miss the political trends that impact precious metal values.
  15. DWSchmidt

    DWSchmidt New Member

    Negative interest rates have been in effect in the EU for sometime now on accounts above a certain amount. Here is a link to Bloomberg News about the possible end to the negative rate.

    It could happen here.
  16. Santinidollar

    Santinidollar Supporter! Supporter

    It actually is possible to discuss public policy issues without degenerating into opinionated partisan politics. The problem — and an excellent reason for the site’s rule — is that many people either can’t or won’t.
  17. chrisild

    chrisild Coin Collector Supporter

    But that applies primarily to deposits that commercial banks have with the ECB.

  18. medoraman

    medoraman Supporter! Supporter

    I agree. I see negative rates at banks like the bad old days where you paid the bank to keep a hold of your money. Or, similar to bullion in that bullion effectively has a negative interest rate, (storage fee or self insurance). I simply do not see that the same as confiscation of bank deposits, in a negative rate environment you can, and many have, taken the cash out and stored it.
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