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Two Years is Generous


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2022 Jul 22, 4:18pm   10,425 views  88 comments

by NuttBoxer   ➕follow (0)   💰tip   ignore  

I think we have months left. Lots have been in our place before, and denied history like many will now. But the arrogance of thinking somehow we're special, that the rules don't apply to us will end bitterly. Prepare while you still can.

"Today the US government’s debt to GDP ratio is about 120% and its budget deficit is forecast to be about 7% of GDP this year A 300 basis point [interest rate] hike should increase the budget deficit to about 11% of GDP. Since 1991, all 18 other governments with deficits exceeding 11% of GDP and debt to GDP ratios exceeding 110% defaulted within two year. Thus, the Fed could soon be trapped: raising rates could trigger default and not raising them could leave inflation unchecked. Similar dilemmas in other countries have often caused extreme crises, e.g., Argentina Brazil, and Venezela; the US may soon join the club.

- Luke Gromen in FFTT Tree Rings, 15 July 2022, quoting Hirschman Capital Year-End 2021 Letter.

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88   NuttBoxer   2023 Jul 7, 9:03am  

stereotomy says

Same boat here. Every place I move to, I try to find local farmers that optimally sell by the cut or, worst case, by the quarter. I've seen what good meat does for a body. My son is growing like a weed - he eats 1-2 lbs of meat a day.


My wife was moving away from a lot of animal products, but noticed some health issues. Now that she's eating more meat, and drinking bone broth daily, she has more energy, sleeps better, and hair and nails have improved.

Still using my same CSA farmer. His FDA processing facility only sprays citric acid. And most important test, we always feel great eating meat from his farm.

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