Big Blitz Posted March 25, 2022 Author Share Posted March 25, 2022 No food. No prosperity. No peace. No tweets. "We're good." ---Democrats 1 1 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted March 25, 2022 Share Posted March 25, 2022 (edited) 9 hours ago, Big Blitz said: No food. No prosperity. No peace. No tweets. "We're good." ---Democrats So we imposed sanctions on ourselves? Did he really say that? EDIT: ok listened again. He said the PRICE of these sanctions is imposed….. Edited March 25, 2022 by Chef Jim 1 Link to comment Share on other sites More sharing options...
B-Man Posted March 25, 2022 Share Posted March 25, 2022 2 Link to comment Share on other sites More sharing options...
B-Man Posted March 27, 2022 Share Posted March 27, 2022 2 Link to comment Share on other sites More sharing options...
Precision Posted March 27, 2022 Share Posted March 27, 2022 Consumer sentiment hits a decade low. https://www.investopedia.com/consumer-sentiment-down-marginally-in-late-march-2022-5223691 "Sets another new decade-long low, driven by rising pessimism about inflation....." "The final value of 59.4 for March 2022 puts the MCSI 5.4% below its final reading of 62.8 in February 2022 and 30.0% under its value of 84.9 one year ago in March 2021. " 1 Link to comment Share on other sites More sharing options...
Irv Posted March 27, 2022 Share Posted March 27, 2022 Biden is such a ***** failure. What a mess. Is he purposely trying to ***** America in the rear? What a mess. Link to comment Share on other sites More sharing options...
Orlando Tim Posted March 28, 2022 Share Posted March 28, 2022 7 hours ago, Irv said: Biden is such a ***** failure. What a mess. Is he purposely trying to ***** America in the rear? What a mess. I have a friend who actually believes, and I have a hard time showing any evidence he is wrong, that Biden is intentionally doing this to force enough people to be reliant on govt that Dems never lose power. Basically the LBJ plan for all. 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted March 28, 2022 Share Posted March 28, 2022 The thing that I’ve heard no one talk about regarding this high inflation. Debt. People that were already living paycheck to paycheck or close to it will now rely on debt to make ends meet. This could be a huge problem down the road. 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted March 28, 2022 Author Share Posted March 28, 2022 Who benefits??????? 1 Link to comment Share on other sites More sharing options...
Doc Posted March 28, 2022 Share Posted March 28, 2022 Like I said, climate change will be the end of the world. But not because of actual climate change. Link to comment Share on other sites More sharing options...
OrangeBills Posted March 28, 2022 Share Posted March 28, 2022 12 hours ago, Buffalo Timmy said: I have a friend who actually believes, and I have a hard time showing any evidence he is wrong, that Biden is intentionally doing this to force enough people to be reliant on govt that Dems never lose power. Basically the LBJ plan for all. that is 100% the plan. Headlines last week that the FEDERAL GOV'T was going to write checks to "people who drive cars and have suffered from higher prices..." This is EXACTLY what the the Leftist/Socialist agenda-ites actually puppeteering behind Biden are up to. It's Socialist whack-a-mole. Toss out idiotic ideas ($1.9T "Historic", unnecessary stimulus) without consideration for the externalities & consequences (runaway inflation) then toss out even further idiotic ideas (print more money) because they're just plain stupid instead of doing what would make more sense (convince companies to pump more Oil because you're "not going to put them out of business" as said prior on television hundreds of times). We are in deep trouble with these people in charge, I hope we make it to November. 2 Link to comment Share on other sites More sharing options...
Irv Posted March 29, 2022 Share Posted March 29, 2022 (edited) Great. Now Demented Biden is proposing raising taxes $2.5T and we are going to have food shortages. Get me off this Venezuelan Merry-go-Round. What a mess. Edited March 29, 2022 by Irv 1 1 Link to comment Share on other sites More sharing options...
Doc Posted March 29, 2022 Share Posted March 29, 2022 Yeah and needing to pay tax on unrealized capital gains. What a disaster. 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted March 29, 2022 Share Posted March 29, 2022 50 minutes ago, Doc said: Yeah and needing to pay tax on unrealized capital gains. What a disaster. That’s better than Warren’s net worth tax. Not much but it is. 1 Link to comment Share on other sites More sharing options...
TSOL Posted March 29, 2022 Share Posted March 29, 2022 This economy needs an enema Link to comment Share on other sites More sharing options...
Doc Posted March 29, 2022 Share Posted March 29, 2022 3 minutes ago, TSOL said: This economy needs an enema Joey first... Link to comment Share on other sites More sharing options...
Irv Posted March 29, 2022 Share Posted March 29, 2022 (edited) 2 hours ago, Doc said: Yeah and needing to pay tax on unrealized capital gains. What a disaster. But no mention of unrealized losses! Demented Biden and his idiot buddies at it again. Another dumb idea certain to flop. Your art collection appreciates. Now you have to pay taxes on that? Who’s going to decide how much? Will need 100,000 more IRS agents and art appraisers. What a bureaucratic mess. Dopey Biden. Edited March 29, 2022 by Irv 1 Link to comment Share on other sites More sharing options...
B-Man Posted March 29, 2022 Share Posted March 29, 2022 Rising Food Prices Could Spell Social Unrest With the world economy already shackled by Covid-related shortages and now reeling from Russia’s invasion of Ukraine, prices of such basics as bread, meat and cooking oils have jumped across the world, sending shock waves through the commodity markets and damaging the global food system. For the most vulnerable societies—think Yemen, which imports 90% of its food in the midst of a grinding conflict and depreciating currency—this poses a genuine risk of hunger. Elsewhere, it triggers worries about what economists call demand destruction, a phenomenon when goods get too pricey to purchase. “The cupboards are bare,” said Julian Conway McGill, head of South East Asia at consultancy LMC International, “and consumers will have to reduce their intake.” Food inflation is just getting started. https://www.bloomberg.com/news/articles/2022-03-28/rising-food-prices-could-spell-social-unrest-demand-destruction-and-less-bacon Link to comment Share on other sites More sharing options...
Chef Jim Posted March 29, 2022 Share Posted March 29, 2022 6 minutes ago, Irv said: And get rear-ended for unrealized losses? What a mess. I would assume the unrealized losses would be used to offset the unrealized gains. 🤷🏻♂️ It would be a total accounting cluster *****. The amount of accounting work that would be required on an annual basis to determine current market value vs basis for these wealthy people would be crazy. And the amount of accounting shenanigans that will likely go on? They don’t think before they throw this ***** out there. So instead of bitching I have ideas. First get rid of the step up in basis. You inherit the basis. So if/when you sell the asset you pay gains from when the asset was originally purchased. No more inter-generational wealth being passed on via the step up. Second bring back the stretch IRA that the Trump administration did away with. There are so many flaws in this. I understand the reasoning was to collect tax dollars today instead of spreading it out over a lifetime. But again, so many issues with this. Third incentivize Roth conversions. This would alleviate the taxes lost by bringing back the stretch. Not sure how you incentivize them other than education. But they are a great tool. 1 Link to comment Share on other sites More sharing options...
Irv Posted March 29, 2022 Share Posted March 29, 2022 (edited) Appraisers will be needed for everything: cars, boats, homes, jewelry, art, land, uncut lumber, unharvested fruits and grains, precious metals, stock options, You name it. What a mess. Edited March 29, 2022 by Irv Link to comment Share on other sites More sharing options...
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