Update: liberals are making next month national child trafficking month since Bondi brought their hero human trafficker back home to be executed. Libs say he delivered
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Well, our Poor
- Thread starter ElectricalCock89
- Start date
It’s unfortunate you don’t realize how much better your life would be if you treated yours.
Born a man will die a man all clear here Nancy. Still praying for you. Godspeed!
The Dem party also makes huge dollars by aborting mostly Black children. Mountains of Federal Dollars go to Planned Parenthood to conduct abortions (which violates Federal law) of mostly Black children. Massive amounts of those dollars are then sent from PP into the campaign coffers of The Dems. The circle continues to ensure PP’s original goal (Margaret Sanger) of eliminating Black children is achieved.
Add to that they sell those aborted fetuses and use them in their satanic rituals. The ONLY saving grace is All those aborted souls are Heaven bound. No chance satan gets those unborn innocents
That's the Democrats. Fight to kill innocent babies. Fight to save thieves, murderers, and rapists.
They are mentally ill. Or just aholes who like to wallow in misery and victimhood, and force everyone else to do the same with them. Maybe both.
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They’re just evil plain and simple. It’s not complicated. They sold their soul for a free ride of petulance, perversion and deviance. It’s a EASY sell to morons who think this life is the end it. IE liberals
This is one of my rare comments here: I wish Trump would drop his tariff schtick. It's going to result in a recession.
Debt is growing at twice the rate of GDP. That is not a tenable situation. We are on the road to insolvency. This adds to the fragility of the financial system, especially the bond market. When I look at the insanity of MMT (modern monetary theory), which is the theory that debt doesn't matter when you have a digital printing press, along with the ongoing rapid expansion of debt, I am confident something is going to break soon. Eventually, it will be the US bond auctions that bring down the US financial systems. But that is a few years away.
I give Trump credit for recognizing that the American era of global dominance will soon end if nothing changes. I have wanted Trump to succeed. Why? If he succeeds, we all succeed. If he fails....well you know. Using tariffs as his weapon is not wise. That's not just me saying this . The conservative Rudolph Murdoch-owned Wall Street Journal says the same. When Trump came into office, the average tariff was 2.5%. It will rise to at least 10%, more likely 12-14%. That is a significant quasi-tax increase, on many goods, especially big-ticket items. I expect at least one trade war ( with China). But I think we will get one with Europe also, and possibly with a few more countries. This will lead to a recession.
The economy is already slowing. An economic sector that is healthy and not under strain, is rare. If you sell houses or cars, you probably think we are already in a recession. The average family still has not recovered from inflation over the past few years. The tariffs are likely to exacerbate this situation.
Spending in Washington needs to be cut. Did you notice that DOGE never made it to the Department of Defense? LOL. IKE, the first President I remember, warned us about the military-industrial complex. DOD has a $1 Trillion budget. And regarding the coming tax proposal in the "Big, Beautiful" bill, they need to limit those benefitting to families making no more than $400,000 annually. That would help 98% of Americans. The remaining 2% don't need the help.
US Treasuries are starting to become less desirable. Foreign buyers are becoming a smaller percentage of buyers in recent years. China's hold of US Treasuries has decreased (less than $800 billion). Japan now is the largest holder of US Treasuries at $1 Trillion. But now that Trump has imposed tariffs on Japan, how long will it be before they begin selling? Who are our allies? Britain, maybe. The rest of the world is ready to rug-pull on the U.S. because of the tariffs. We have become isolated with no friends and many economic adversaries. Our economy is about to fall.
Once we lose our line of credit (US Treasury auctions), it's game over. The military budget will shrink dramatically. The fallout from that alone will be huge.
Yes we have had recessions before. But this one, with what I describe above, will make things go crazy. It will be very difficult for America to get back on its feet because the economy will just continue to deteriorate. Jamie Dimon and a few others have been trying to warn about this. But no one is listening. I think we have already hit an iceberg. All that is left is for the ship to sink. Good luck to us all.
Debt is growing at twice the rate of GDP. That is not a tenable situation. We are on the road to insolvency. This adds to the fragility of the financial system, especially the bond market. When I look at the insanity of MMT (modern monetary theory), which is the theory that debt doesn't matter when you have a digital printing press, along with the ongoing rapid expansion of debt, I am confident something is going to break soon. Eventually, it will be the US bond auctions that bring down the US financial systems. But that is a few years away.
I give Trump credit for recognizing that the American era of global dominance will soon end if nothing changes. I have wanted Trump to succeed. Why? If he succeeds, we all succeed. If he fails....well you know. Using tariffs as his weapon is not wise. That's not just me saying this . The conservative Rudolph Murdoch-owned Wall Street Journal says the same. When Trump came into office, the average tariff was 2.5%. It will rise to at least 10%, more likely 12-14%. That is a significant quasi-tax increase, on many goods, especially big-ticket items. I expect at least one trade war ( with China). But I think we will get one with Europe also, and possibly with a few more countries. This will lead to a recession.
The economy is already slowing. An economic sector that is healthy and not under strain, is rare. If you sell houses or cars, you probably think we are already in a recession. The average family still has not recovered from inflation over the past few years. The tariffs are likely to exacerbate this situation.
Spending in Washington needs to be cut. Did you notice that DOGE never made it to the Department of Defense? LOL. IKE, the first President I remember, warned us about the military-industrial complex. DOD has a $1 Trillion budget. And regarding the coming tax proposal in the "Big, Beautiful" bill, they need to limit those benefitting to families making no more than $400,000 annually. That would help 98% of Americans. The remaining 2% don't need the help.
US Treasuries are starting to become less desirable. Foreign buyers are becoming a smaller percentage of buyers in recent years. China's hold of US Treasuries has decreased (less than $800 billion). Japan now is the largest holder of US Treasuries at $1 Trillion. But now that Trump has imposed tariffs on Japan, how long will it be before they begin selling? Who are our allies? Britain, maybe. The rest of the world is ready to rug-pull on the U.S. because of the tariffs. We have become isolated with no friends and many economic adversaries. Our economy is about to fall.
Once we lose our line of credit (US Treasury auctions), it's game over. The military budget will shrink dramatically. The fallout from that alone will be huge.
Yes we have had recessions before. But this one, with what I describe above, will make things go crazy. It will be very difficult for America to get back on its feet because the economy will just continue to deteriorate. Jamie Dimon and a few others have been trying to warn about this. But no one is listening. I think we have already hit an iceberg. All that is left is for the ship to sink. Good luck to us all.
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News flash: we need a recession to correct the years of 9.4% biden inflation (actually closer to 55% across products real Americans need). Bring on a nice price correction recession. The dollar is getting real close to being WORTHLESS.
You are right about one thing: we are headed for a recession. Let's hope no one here nor any of their family members lose their jobs. Let's just hope we can get out of it without it turning into a "greater depression" predicted by market analyst Avi Gilbert. You know how long the "Great Depression" lasted. It was a long, long road. And I think the unemployment rate was 25%. Gilbert predicts a worse depression to come. Once the economy falls, so will the U.S. Dollar. As I said: good luck to us all. By the way, the annual rate of inflation in 2023 and 2024 was 3.2% and 3.5%. Inflation was greater in 2021 and 2022 primarily due to the destruction of the supply chain beginning in 2020 due to covid. We did have large government spending in 2021 and 2022 to stimulate the economy to fight the covid meltdown that started in 2020. That contributed to inflation. We are still spending too much money today.
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With the supply chain example aren't you confusing higher prices with inflation? Inflation refers to a devaluation of your money by increasing the supply in circulation. Isn't it?
If the products don't get to the retail, resulting in fewer supplies of an item that is in demand, the price goes up, as part of the demand/supply situation. If I have something rare that you want that very few others have, I'm in the "drivers seat" when it comes to charging you a price.
Stock - Good to hear from you.
As a Biden/Harris supporter, where was all of this concern when they were printing up the biggest tab in history for 4-years to leave at the Trump Administration's doorstep?
If we enter a recession at some point, it will have less than zero to do with the tariffs.
It will be a product of 21st Century Money Printing which your party had the heaviest hand in by far.
The tariffs are part of a greater plan to try to pull as back from the ledge.
Prolly won't succeed.
If Powell doesn't signal that he's going to lower rates at the June FMOC -- Trump is probably going to get rid of him and risk assets (and the markets as a whole) will fly.
If the debt ceiling is removed risk assets (and the markets as a whole) will fly.
Bitcoin has been the hedge against money printing since 2009 and it's about to take the big ride once again.
Thanks Ward. I'm happy to make a cameo appearance. As I mentioned in my post, there was "large government spending in 2021 and 2022". It's commonly acknowledged that government spending always contributes to inflation. Trump is the President today. Spending continues.Stock - Good to hear from you.
As a Biden/Harris supporter, where was all of this concern when they were printing up the biggest tab in history for 4-years to leave at the Trump Administration's doorstep?
If we enter a recession at some point, it will have less than zero to do with the tariffs.
It will be a product of 21st Century Money Printing which your party had the heaviest hand in by far.
The tariffs are part of a greater plan to try to pull as back from the ledge.
Prolly won't succeed.
If Powell doesn't signal that he's going to lower rates at the June FMOC -- Trump is probably going to get rid of him and risk assets (and the markets as a whole) will fly.
If the debt ceiling is removed risk assets (and the markets as a whole) will fly.
Bitcoin has been the hedge against money printing since 2009 and it's about to take the big ride once again.
We will just have to agree to disagree regarding the impact of tariffs on a recession.
I referred to MMT (modern monetary theory ) in my initial post. It's still going on today.
I'm with the Wall Street Journal on tariffs.
My expectation (hope?????) is that Powell will lower the rate in September. I don't want to come off bragging . So I will just say that I have done very well this year with my investments, thus far, and leave it at that. I'll see how I do at the end of the year.. If he lowers the rate, I will benefit. Thus, I can't complain whether or not it is lowered.
Regarding the debt, I have predicted on this forum that I expect a debt crises by the end of next year, 2027 at the latest. I really, really hope I am wrong. If I'm right, markets will crash.
I have not been in Bitcoin for months now. I expect the resumption of a bearish leg into late this year and into 2026. I sincerely hope I'm wrong for your sake and hope you make a killing.
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WSJ has TDS like the rest of the national media.
Are you looking at the Bitcoin chart right now?
It's bumping it's head against ATH resistance in preparation for price discovery.
As long as there's no crazy (and likely manufactured) news this week, the markets are getting ready to fly.
No. Inflation is a measure of the ability of currency to purchase goods.
WSJ is a conservative newspaper owned by Rupert Murdoch.
I'm just saying how I believe bitcoin will do heading towards the end of the year. If it was me, I would not fall in love with Bitcoin because as I said, I expect a resumption of the bearish leg. But, that's me. I don't have a crystal ball.
I don't know what the markets will do this week. I just believe we are headed for a severe recession. When that becomes obvious, the markets will fall.
Trust me when I say I want to be wrong about a recession.
I'm really not trying to stir anything here. I'm just trying to contribute a little bit of what I know about economics and the markets. As I look back on my life, one of the biggest regrets (and mistakes) I have and made was turning down a fellowship in economics to graduate school. But I really try not to look back. I prefer to do what I do when I drive a car: look forward.
WSJ is a hack job. They've been saying severe recession forever.
The reality is that the money printer can get turned on, rates can get cut, etc.
Our debt is a huge issue -- but an ever bigger issue is our debt in relation to the debt of the rest of the world.
Check Europe, Japan, Canada, etc. Bigger problems than us.
Make sure you take in the fact that there's one party trying to get us out of this hole that another largely created.
Biden and the Democratic Party printed more money than any administration in history.
Even worse, they tried to shove almost all of it into their pockets during that same time.
Trump could have easily come in and continued running the money printer and doing the same BS as Biden and looked like a hero because TikTok Americans would love to see their portfolios fly.
At least this administration is attempting to help Americans with novel ideas to try to unwind some of the damage that's been inflicted over the years.
The last thing we should be doing is getting mad at them for sticking their neck out to try to assist. (tariffs, etc)
Rupert Murdoch is still the owner of the WSJ.
It will be interesting to see how the FED reacts to a severe recession or (man I hope not) a depression. Unemployment or inflation? My HOPE is that they will choose to accept inflation.
Any recession or depression will be global.
Neither party has clean hands.
I'm not mad at anybody. I do call them as I see them though. I have been on the record for many, many months that I'm pulling for Trump to succeed. I can't say that's true for everybody. A lot of partisans on BOTH sides always pull against the other side. I'm not one of those because there's no guarantee that a family member won't get hurt.
Trump's last pre-covid budget was $4.75 trillion in 2019.
Biden spent like a drunken soldier. Trump took the hit for the big covid bills, but a lot of that was spent in the years under Biden. Meanwhile, Biden spend trillions more on top of that.
Biden's last proposed budget was $6.8 trillion. That's as much and even more than the some of the covid years.
Biden spent like a drunken soldier. Trump took the hit for the big covid bills, but a lot of that was spent in the years under Biden. Meanwhile, Biden spend trillions more on top of that.
Biden's last proposed budget was $6.8 trillion. That's as much and even more than the some of the covid years.
Like I said, I gave it a shot. You guys are confused about inflation. Prices can rise and fall for many different reasons. That's not inflation. Inflation is the result of increasing the supply of US Dollars into circulation devaluing your money even if just sitting in your wallet. Prices then rise to reflect the fact that your dollar is not worth what it was.
Great discussion. My appearance today was just a "cameo". You guys and your families stay safe and healthy. Take care.
I honestly am not sure how you could be so wrong about what inflation means when google is so accessible. Inflation is an actual term with an actual meaning.
Increasing the money supply can cause inflation, but it isn't the sole meaning of inflation. You also fundamentally misrepresent how increasing the money supply increases inflation. Prices don't rise just because your money in your wallet is less valuable. Prices increase because more people have money in their pockets, so they have the spending power to purchase more goods. Those goods then rise because there is now more demand than supply.
This bothers me as well.
My partisan take. We spiked spending that last year under Bush with TARP, and Obama set that spending level as a new norm.
We then spiked our spending with covid, and Biden set that spending as the new norm.
The first time, when the Reps got back into power, they continued that spending level. It looks like they are going to do the same this time.
So after all the talk, whatever crisis "forces" higher spending, both parties seem okay with just setting that as the new norm.
I have little hope the debt will ever be addressed. Even if Trump were 100% dedicated to making massive cuts in spending, there aren't enough people in congress that would go along with it.
How do you post something like this with a straight face when the hallmark legislation of the Democrats this century, Obamacare, was fully funded?
The deficit exists because Republicans learned they could hide the harm from tax cuts with deficit spending. This isn't a both sides bad issue. One side is clearly worse than the other.
You argued to me numerous times that the inflation was just "cyclical" and not Biden's fault. Then gave several different time periods in order to try to make it fit. You've always painted a rosy picture for anything Democrats are involved with and labeled the good times as the results of Democrat policies. Don't give me the "call it as I see it" bullshit. You always see it from the side of the Democrats.
These “experts or analysts” predictions are no better than mine or yours. Probably worse than ours.
You are spot on. Every President, including Trump, has spent and is spending big time. Going by memory, I recall we got a check from the Federal government during Bidens time for "covid relief". My memory could be faulty, but I think that's correct. When we got the check I thought to myself "WTF, we don't need the money. We are fine." But I shook my head and kept it.
I'm afraid you are right about debt. Spending is addictive to politicians. There are some exceptions. Seems to me GOP Rep Chip Roy of Texas really is concerned about spending. But under enormous pressure, he ended up voting for that "big beautiful bill" against his better judgment. At this time, we need someone like former South Carolina Republican Governor and Representative Mark Sanford as President. No politician of either party has been as focused on spending as Sanford was. He used to scoop up paper clips from waste baskets. But of course he got in trouble as Governor thinking with the wrong head. And then as Congressman, he pissed off Trump who worked to defeat him in his re-election and did. He ran for President several years ago against Trump and got nowhere. Mark Sanford is VERY cheap. And I'm using the word "cheap" as a compliment. Even as a private citizen, a big spending night to him is eating at a "Cookout" restaurant, which he does.
A problem is us citizens. Many of us are wanting to cut spending, except to our districts, city or county. I live in one of the most Republican counties in the state. Most of my friends and acquaintances are Republican and work at the Savannah River Site. Advocating cutting Federal money to that site are fighting words. And to be honest, I'd be against that because it could hurt my friends who could lose their jobs. I don't want my friends to be hurt.
So, I just shake my head and accept the fact that a debt crises is coming, probably within the next 3 years. I just hope I'm positioned smartly investment-wise to profit from it.
Agreed. People can agree to cut spending, they just want to cut the other guys spending, not theirs.
And as long as the sheep keep blaming only the other side, no progress will be made.
Read what I just wrote to Lurker.
Did you not read what I wrote earlier that there was large government spending in 2021 and 2022 and that government spending contributes to inflation? Who was President in 2021 and 2022? Hmmmmm? Talk about "bullshit".
It does not matter, whoever is President and which party is in power at the time a debt crises hits. That person and party is going to get the full blame. That's a political fact of life, whether you like it or not. Deal with what's coming.
By the way, anyone who knows me knows I criticize Democrats and have been interested in a 3rd credible political party.
I hope you are right cocks rule. I like what you say. If you are wrong, I still believe I will be fine. But, I don't know about family.
This is Watson-like posting.
You need to do a little deeper analysis that "neither party has clean hands" don't you think?
Murdoch is a business man. He wants subscribers and could care less about whatever party structure exists at any moment in time.
No I don't. We just again have to agree to disagree.This is Watson-like posting.
You need to do a little deeper analysis that "neither party has clean hands" don't you think?
It's not just Murdoch but a lot of conservatives agree. Senators Chuck Grassley and Thom Tillis, just to name a couple. Elon Musk (is he conservative?...don't know).
They've already been proven wrong. The markets look fine and ready to fly. The economy numbers are good.
Polymarket has the chances of a recession below 25%. No one cares what Senator Bozo has to say on the matter.
Trump is meeting with Xi today in the UK.
If he secures that trade deal, you're going to have have the exact opposite of a recession the 2nd half of the year.
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