Aug. 1 at 5:02 PM
$SLV $GLD $JNUG $GOLD $GDX
What does Bessent mean w/ "embrace the Greenspan model" = We played the game now we can't quit the game once we get played.
It a form of Corporate welfare sprinkled w/or even a form of “socialism” for the rich. Public debt increases to fund corporate-friendly policies. Tariffs that raise consumer prices but benefit protected firms so basically we got “We’ve socialized losses and privatized gains — that’s not capitalism, that’s cronyism.”
Bessent would like 100% Expensing: Corporations can immediately deduct the full cost of capital investments (equipment, structures, etc.) — rather than depreciating them over time. Permanent Tax Cuts: Especially for corporations, investors, & higher-income households. Targeted Deregulation: Loosening environmental, labor, & financial rules to encourage private investment & tariffs & subsidies.
A system where government rigs outcomes in favor of capital at public expense. No fiscal restraint
