Replies to post #19223 on First Mining Gold Corp (FFMGF)

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The politicians won't talk about it because they know the spending and fiat money creation CAN'T stop if they want to stay in office. Even Donald Trump and the Republicans know that because only a very few of them even want to speak to the root problem. That being out-of-control government spending that just exacerbates the problem going forward. This is a huge debt issue moving forward and IMO the time will come when everyone's eyes will be opened to the fact that the U.S. is insolvent and the debt they've accumulated can't and won't be paid back. That means a total loss in faith in the dollar.

Can the Banksters do something to change the picture and head off going over the cliff? I don't see how they can, because all they know to do is create dollars out of thin air. The people in this country have been catered to for so long now they don't have a clue about tightening their belt. So, how does the picture change until it just finally reaches a breaking point? The government supports most of the population now, so what happens when that support is no longer in place or diminished greatly?

The higher inflation that's created by this is felt by EVERYBODY, even those that aren't sharp enough to know the dynamics of how it works. I think Druckenmiller is correct in his analysis, because under Biden there will be low growth (GDP) with high inflation, which is the definition of stagflation and Trump's policies should produce better growth numbers, but still have a lot of inflation, as the money printing won't stop. A recession/depression will just have them printing money to oblivion. IMO that's what Druckenmiller is saying.

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I would add this point to the conversation about the debt. There's a lady I see quite often on Fox and CNBC. She was on prime time Brett Baier yesterday talking mainly to Social Security and Medicare being insolvent with consensus being it can only last about 10 more years.

She was making the very valid point that the politicians USED to talk about the debt and what was needed to do to fix the problem. Now they won't even address the issue of the debt problem. So, what's that tell us? It tells me that the people supposedly running this country know we're already in a debt death spiral. If we continue down the path we're on with spending, we're done and they know this already. Just like everything they do in government they'll wait until it's too late to fix the problems and cause another Great Depression or worse.

Nobody wants to face the music in D.C. about this problem, so we will just continue forward until the train wreck happens. All the more reasons to be in physical PM's and miners until you sell them too.

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I just listened to Neil Cavuto interview a Rep.Jody Harrington from Texas talking about the debt problem. This was a big point that he made, that being a lot of the money being spent is the result of government WASTE, FRAUD, and OVERSPENDING on everything. He gave a lot of examples of how the government is just throwing money away and not concerned with price or belt-tightening. We're the government, we can just print money out of thin air.

This is big government in spades. This why governments implode and collapse. Raising taxes is just going to worsen the problem. What needs to happen is the GOVERNMENT has to reduce their spending and clean up those 3 things that Harrington was talking about. The problem can be dealt with IF the politicians will make this worthless government work the way it should. I'm skeptical they'll do it.