SectionC3 Posted August 25, 2020 Posted August 25, 2020 6 minutes ago, All_Pro_Bills said: First all politicians lie. The entire system depends on lying. And I believe that no matter who "wins" the election there's going to be trouble. Expect court battle over vote fraud and/or suppression in the hotly contested battle ground states. We might not know the winner for months. This will cause all kinds of social and economic disruptions. And if Trump happens to pull it off again in November the fringe left is going to completely freak out. If Biden wins I don't see him completing the entire 4 year term. I'm expecting trouble with the economy no matter which candidate wins. There's simply too much debt and not enough productive activity. Eventually, all that borrowing which pulls future consumption to the present consumes all of your income. Most important, the U.S. is afforded a "grand privilege" from the world's use of the U.S. dollar as the official reserve and trade settlement currency of the world. It's a blank check that others do not have the ability to access and use. Its what allows huge deficits and the consumption of goods and services way over and above what we produce. That is slowly but surely coming to an end. If there's one place where Trump has done the most damage it has been in pulling forward this day of reckoning. The immediate impacts will be much higher prices for everything and a downward adjustment in everyone's standard of living that doesn't do some preparation and planning for that event. Suppression will be the day of the election, and perhaps the time leading up to the election (see Brian Kemp’s stunts in GA). The litigation is going to lie in the debates about which absentee ballots should be counted, and whether the Trump Post Office scam to delay the arrival of ballots should be allowed to knock out late-arriving absentees. I think you and I agree that it’s going to be a mess. I’m very worried that Biden’s margin of victory is going to be sitting in bins in post offices and boards of election on November 3, not to be counted for days and during which time Trump is going to lie, claim victory, and cause chaos. We all have to be prepared to wait about 10 days for a result. Even then, Trumper liars in places like Georgia or Arizona could threaten the election by not certifying their state’s delegates (assuming Biden wins, needs that certification to hit 270, and Kemp/Ducey throw their respective states and therefore the election, again assuming that Republicans retain enough state delegations should this thing reach the house) to Trump. Arizona is what really, really, really worries me right now. It’s going to be tight and Ducey is a hopeless Trumper who puts fealty ahead of country. 1
Reality Check Posted August 25, 2020 Posted August 25, 2020 1 minute ago, SectionC3 said: Suppression will be the day of the election, and perhaps the time leading up to the election (see Brian Kemp’s stunts in GA). The litigation is going to lie in the debates about which absentee ballots should be counted, and whether the Trump Post Office scam to delay the arrival of ballots should be allowed to knock out late-arriving absentees. I think you and I agree that it’s going to be a mess. I’m very worried that Biden’s margin of victory is going to be sitting in bins in post offices and boards of election on November 3, not to be counted for days and during which time Trump is going to lie, claim victory, and cause chaos. We all have to be prepared to wait about 10 days for a result. Even then, Trumper liars in places like Georgia or Arizona could threaten the election by not certifying their state’s delegates (assuming Biden wins, needs that certification to hit 270, and Kemp/Ducey throw their respective states and therefore the election, again assuming that Republicans retain enough state delegations should this thing reach the house) to Trump. Arizona is what really, really, really worries me right now. It’s going to be tight and Ducey is a hopeless Trumper who puts fealty ahead of country.
SectionC3 Posted August 25, 2020 Posted August 25, 2020 10 minutes ago, All_Pro_Bills said: First all politicians lie. The entire system depends on lying. And I believe that no matter who "wins" the election there's going to be trouble. Expect court battle over vote fraud and/or suppression in the hotly contested battle ground states. We might not know the winner for months. This will cause all kinds of social and economic disruptions. And if Trump happens to pull it off again in November the fringe left is going to completely freak out. If Biden wins I don't see him completing the entire 4 year term. I'm expecting trouble with the economy no matter which candidate wins. There's simply too much debt and not enough productive activity. Eventually, all that borrowing which pulls future consumption to the present consumes all of your income. Most important, the U.S. is afforded a "grand privilege" from the world's use of the U.S. dollar as the official reserve and trade settlement currency of the world. It's a blank check that others do not have the ability to access and use. Its what allows huge deficits and the consumption of goods and services way over and above what we produce. That is slowly but surely coming to an end. If there's one place where Trump has done the most damage it has been in pulling forward this day of reckoning. The immediate impacts will be much higher prices for everything and a downward adjustment in everyone's standard of living that doesn't do some preparation and planning for that event. I think we might agree on the economy. This whole thing is a house of cards built on credit. And it’s a huge wealth transfer opportunity for people who can afford securities. I have no idea what the solution is, but I know that it’s not firing up coal plants again. Unfortunately we wasted $2 trillion this year when we chose to buy time without having a plan to defeat the “hoax” of a virus. Now we have nothing to show for that. So the next round of stimulus has to result in something, e.g., green energy innovation, infrastructure, rural broadband, whatever. We can’t light it on fire again. 1
Reality Check Posted August 25, 2020 Posted August 25, 2020 2 minutes ago, SectionC3 said: I think we might agree on the economy. This whole thing is a house of cards built on credit. And it’s a huge wealth transfer opportunity for people who can afford securities. I have no idea what the solution is, but I know that it’s not firing up coal plants again. Unfortunately we wasted $2 trillion this year when we chose to buy time without having a plan to defeat the “hoax” of a virus. Now we have nothing to show for that. So the next round of stimulus has to result in something, e.g., green energy innovation, infrastructure, rural broadband, whatever. We can’t light it on fire again.
BillStime Posted August 25, 2020 Posted August 25, 2020 19 minutes ago, RiotAct said: I mean, yeah, laws exist for a reason. Hmmm not for this guy 1 1
Reality Check Posted August 25, 2020 Posted August 25, 2020 15 minutes ago, BillStime said: Hmmm not for this guy 1
B-Man Posted August 25, 2020 Author Posted August 25, 2020 4 minutes ago, Reality Check said: He re-runs almost all of his material RC. So feel free to do the same. 1
Paulus Posted August 25, 2020 Posted August 25, 2020 39 minutes ago, BillStime said: Hmmm not for this guy 2 3
Reality Check Posted August 25, 2020 Posted August 25, 2020 22 minutes ago, B-Man said: He re-runs almost all of his material RC. So feel free to do the same. 1 2
B-Man Posted August 25, 2020 Author Posted August 25, 2020 WELL, THEY PRETTY MUCH HAVE TO SINCE THEY CONTROL THE CITIES AND THE PEOPLE BURNING THEM: Democrats are pretending the cities aren’t burning. 2
All_Pro_Bills Posted August 25, 2020 Posted August 25, 2020 (edited) 2 hours ago, SectionC3 said: I think we might agree on the economy. This whole thing is a house of cards built on credit. And it’s a huge wealth transfer opportunity for people who can afford securities. I have no idea what the solution is, but I know that it’s not firing up coal plants again. Unfortunately we wasted $2 trillion this year when we chose to buy time without having a plan to defeat the “hoax” of a virus. Now we have nothing to show for that. So the next round of stimulus has to result in something, e.g., green energy innovation, infrastructure, rural broadband, whatever. We can’t light it on fire again. A primary driver of income inequality has been federal reserve monetary policy especially QE. The Fed buys government and corporate debt from the primary banks and dealers then the banks need to do something with the money. Other foreign central banks do this too. They also buy stocks and ETFs. The Bank of japan is the biggest holder of all ETFs on the Tokyo market. The Bank of Switzerland is one of the biggest shareholders of Facebook. The banks could buy more bonds and sell them to the Fed but with interest rates lower and lower there's not enough profit margin. So they buy stocks and with that major indexes and share prices rise. Who owns most of the equities? People with a lot of assets, rich people, well-off baby boomers that benefit simply because of age and timing, major insiders and corporate officers with generous stock options selling into the uptrend. It's all quite a nice little racket. Welfare for the rich. This happens whomever is in the White House. That's why you see a lot of 55+ guys driving around in new Corvettes and Porches all over town. Meanwhile, I'm driving around town in a 13 year old vehicle, you have younger workers or those entering the workforce, or working poor that have no "extra" funds to invest in markets. They're not benefiting at all from all the Fed monetizing of debt because none of it gets into the "real" economy. And as an added kicker they get to pay for it all with hidden and ignored inflation in things they need to live which further erodes their living standards. By the way the Fed denies any hand in all of this. They're quite the con artists. By the way, I consider myself a fiscal conservative. I agree with my liberal friends that something is seriously wrong with income disparities and opportunity. I just don't agree with them on how to solve the problem and what solutions should be implemented. Edited August 25, 2020 by All_Pro_Bills
OldTimeAFLGuy Posted August 25, 2020 Posted August 25, 2020 1 hour ago, IDBillzFan said: When will the DNC denounce BLM? ...well the "BLM Bossman" said looting "is a form of reparations"....so AGAIN, BLM is a fraudulent ruse for "The Gimme Crowd"......exactly why the Dems' NON-response to riots and looting fits.....racial injustice my arse....how many BLACK OWNED BUSINESSES have been destroyed??................... 1
SectionC3 Posted August 25, 2020 Posted August 25, 2020 8 minutes ago, All_Pro_Bills said: A primary driver of income inequality has been federal reserve monetary policy especially QE. The Fed buys government and corporate debt from the primary banks and dealers then the banks need to do something with the money. Other foreign central banks do this too. They also buy stocks and ETFs. The Bank of japan is the biggest holder of all ETFs on the Tokyo market. The Bank of Switzerland is one of the biggest shareholders of Facebook. The banks could buy more bonds and sell them to the Fed but with interest rates lower and lower there's not enough profit margin. So they buy stocks and with that major indexes and share prices rise. Who owns most of the equities? People with a lot of assets, rich people, well-off baby boomers that benefit simply because of age and timing, major insiders and corporate officers with generous stock options selling into the uptrend. It's all quite a nice little racket. Welfare for the rich. This happens whomever is in the White House. That's why you see a lot of 55+ guys driving around in new Corvettes and Porches all over town. Meanwhile, I'm driving around town in a 13 year old vehicle, you have younger workers or those entering the workforce, or working poor that have no "extra" funds to invest in markets. They're not benefiting at all from all the Fed monetizing of debt because none of it gets into the "real" economy. And as an added kicker they get to pay for it all with hidden and ignored inflation in things they need to live which further erodes their living standards. By the way the Fed denies any hand in all of this. They're quite the con artists. By the way, I consider myself a fiscal conservative. I agree with my liberal friends that something is seriously wrong with income disparities and opportunity. I just don't agree with them on how to solve the problem and what solutions should be implemented. I agree with most of this. It’s a mess right now. I think passive investing plays a part in it, too. Many people I know don’t have savings accounts, they have a Vanguard S&P index. So they money keeps on rolling in, stock values keep rising, and the disconnect between Main and Wall Street grows. If you’re in the market, things are dandy right now. If you’re not, you’re screwed. Huge wealth transfer in the last six months. It’s ridiculous (and this is coming from a guy who made a killing based on timing and selection of stocks in early March). 1
Doc Posted August 25, 2020 Posted August 25, 2020 18 minutes ago, All_Pro_Bills said: A primary driver of income inequality has been federal reserve monetary policy especially QE. The Fed buys government and corporate debt from the primary banks and dealers then the banks need to do something with the money. Other foreign central banks do this too. They also buy stocks and ETFs. The Bank of japan is the biggest holder of all ETFs on the Tokyo market. The Bank of Switzerland is one of the biggest shareholders of Facebook. The banks could buy more bonds and sell them to the Fed but with interest rates lower and lower there's not enough profit margin. So they buy stocks and with that major indexes and share prices rise. Who owns most of the equities? People with a lot of assets, rich people, well-off baby boomers that benefit simply because of age and timing, major insiders and corporate officers with generous stock options selling into the uptrend. It's all quite a nice little racket. Welfare for the rich. This happens whomever is in the White House. That's why you see a lot of 55+ guys driving around in new Corvettes and Porches all over town. Meanwhile, I'm driving around town in a 13 year old vehicle, you have younger workers or those entering the workforce, or working poor that have no "extra" funds to invest in markets. They're not benefiting at all from all the Fed monetizing of debt because none of it gets into the "real" economy. And as an added kicker they get to pay for it all with hidden and ignored inflation in things they need to live which further erodes their living standards. By the way the Fed denies any hand in all of this. They're quite the con artists. By the way, I consider myself a fiscal conservative. I agree with my liberal friends that something is seriously wrong with income disparities and opportunity. I just don't agree with them on how to solve the problem and what solutions should be implemented. Living below ones means is the first step. The thing is, people don't want to do it. If you spend all that you earn, much less more than you earn, you'll never get ahead. 1 1
OldTimeAFLGuy Posted August 25, 2020 Posted August 25, 2020 2 minutes ago, Doc said: Living below ones means is the first step. The thing is, people don't want to do it. If you spend all that you earn, much less more than you earn, you'll never get ahead. ....REGARDLESS of race, creed, color, ethnicity, et al, how many think the "American Way" is to live "paycheck to paycheck"??.....when do we get back to "Personal Responsibility" versus catering to "The Gimme Crowd"?....that gang is the Dems' bread and butter voting base...... 1
Trump_is_Mentally_fit Posted August 25, 2020 Posted August 25, 2020 Shot in the back, unarmed in front of his children 1
Sig1Hunter Posted August 25, 2020 Posted August 25, 2020 20 minutes ago, Tiberius said: Shot in the back, unarmed in front of his children Unarmed? There are reports that he had a knife. Why don’t you wait for more info before making this proclamation?
MiltonWaddams Posted August 25, 2020 Posted August 25, 2020 (edited) 20 minutes ago, Sig1Hunter said: Unarmed? There are reports that he had a knife. Why don’t you wait for more info before making this proclamation? Why don’t you watch the video and see that he didn’t have a knife? Do we all just see and hear what we want to hear and see? Fox News would like it if you did. Do we think that being shot in the back seven times is sufficient when carrying a knife and walking away from police officers? i’m not going to sit here and tell you that looting and rioting is the answer, because it’s not. However, the number of police killings of black men and women this year alone has got to create uproar in the black community. You cannot imagine how much fear you would live in unless you walk in their shoes. Despite the number of marches, protests and riots that have occurred the last three months, these cops continue to make life ending, and altering, decisions that cannot be solely attributed to the actions of the individuals being killed and seriously injured. There is either a fear or a complete lack of respect for black people among a far too sizeable portion of the police force. That has to stop. Edited August 25, 2020 by MiltonWaddams 1 1
Trump_is_Mentally_fit Posted August 25, 2020 Posted August 25, 2020 28 minutes ago, Sig1Hunter said: Unarmed? There are reports that he had a knife. Why don’t you wait for more info before making this proclamation? 28 minutes ago, Sig1Hunter said: Unarmed? There are reports that he had a knife. Why don’t you wait for more info before making this proclamation? Unarmed, shot in the back right in front of his children 9 minutes ago, MiltonWaddams said: Why don’t you watch the video and see that he didn’t have a knife? Do we all just see and hear what we want to hear and see? Fox News would like it if you did. Do we think that being shot in the back seven times is sufficient when carrying a knife and walking away from police officers? i’m not going to sit here and tell you that looting and rioting is the answer, because it’s not. However, the number of police killings of black men and women this year alone has got to create uproar in the black community. You cannot imagine how much fear you would live in unless you walk in their shoes. Despite the number of marches, protests and riots that have occurred the last three months, these cops continue to make life ending, and altering, decisions that cannot be solely attributed to the actions of the individuals being killed and seriously injured. There is either a fear or a complete lack of respect for black people among a far too sizeable portion of the police force. That has to stop. Seven times, wtf 1
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