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Thread: You cannot ignore economic reality.

  1. #571
    Join Date
    Jan 2010
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    13,315

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    Quote Originally Posted by ynot2k View Post
    I'm sure I would have known that except it wasn't covered in my GED preparation classes. But it makes total sense.
    .............
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  2. #572

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    Quote Originally Posted by ynot2k View Post
    It donged on me
    Uh, you might want to clean that off....>>>?
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  3. #573

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    Quote Originally Posted by vertical1 View Post
    Uh, you might want to clean that off....>>>?
    Haha. well my mind hadn't gone there this time but trust me only not by chance

  4. #574

    Default

    https://oilprice.com/Energy/Energy-G...ir-Travel.html

    If this is reality, the economic impact should be big.

    Several key pieces of information are left swinging in the breeze. What are the base materials? What is the actual weight & power density? 40% less weight? Less than what? Lithium? Lead? How difficult is the manufacturing process? Are there harmful byproducts?

    As with many things, the devil will be in the details. ...assuming that the claim has some legitimate basis in the first place.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  5. #575

    Default The Robber Barons

    Great video from Wealthion on how private equity hurts most people in many ways.
    The guest is Gretchen Morgenson a Pulitzer prize winning author.
    She works for NBC and is a middle of road viewpoint person, who I like to hear from.
    She has a great book out that is mentioned in Vid

    Basically stating that private equity is what was referred to in the 80s as Corporate raiders and Leverage Buyout firms.
    That they hurt a lot of little people and contribute to the wealth gap ( examples)
    They are subsidized in some ways by various forms of government
    They have minimal regulation
    They are financed in large part by pension funds and that is bad as they are illiquid, opague, often overvalued, and having a much harder time
    currently due to higher rates and offloading to patsies as well as finding misvalued companies to target.
    If pension funds go bust that the government, once again will probably bail them out and this is not right.
    The 2008 GFC and how no individuals paid for their malfeasance. When companies received fines, it was the shareholder that paid them
    Lots of other things and examples.

    As usual 1 hour long so get on the treadmill or skim through if you care to look at just another example of how the system is rigged for the few top dogs.


    https://www.youtube.com/watch?v=wk07kIwWJfM

  6. #576

    Default

    Thanks brutus2, will have a look a bit later.

    None of this stuff seems to faze those whose job, or passion, it is to carry water for the establishment - the shenanigans just continue.

  7. #577

    Default

    Quote Originally Posted by ynot2k View Post
    Thanks brutus2, will have a look a bit later.

    None of this stuff seems to faze those whose job, or passion, it is to carry water for the establishment - the shenanigans just continue.
    Perhaps it is because of this, at least partially.

    "Employees at Wall Street financial firms collected more than $20 billion in bonuses in 2009, the year after taxpayers bailed out the financial sector amid the economic meltdown, New York state Comptroller Thomas DiNapoli said Tuesday. The payouts were about 17 percent higher than the previous year's bonuses."

  8. #578

    Default

    Quote Originally Posted by brutus2 View Post
    Perhaps it is because of this, at least partially.

    "Employees at Wall Street financial firms collected more than $20 billion in bonuses in 2009, the year after taxpayers bailed out the financial sector amid the economic meltdown, New York state Comptroller Thomas DiNapoli said Tuesday. The payouts were about 17 percent higher than the previous year's bonuses."
    $20 billion goes a long way and those at the top probably don't mind some crumbs being shared to keep the narratives intact.

  9. #579

    Default Wow - I must be missing the emergency

    The Deficit is double what it was last year after 10 months. Lets borrow more and more money as the rates increase. Makes sense to me. ( sarcasm)


    "The US government budget deficit was recorded at USD 221 billion in July 2023, up from a USD 211 billion gap in the corresponding period of the previous year, and below market expectations of a USD 109 billion deficit. Outlays went up by 3.4% to $497 billion and revenues increased by 2.5% to USD 276 billion. Considering the first ten months of the fiscal year, the budget gap jumped to USD 1.613 trillion, more than the double amount of a USD 726 billion deficit a year earlier. source:" Financial Management Service, US Treasury

  10. #580

    Default

    I guess $$ allocations supposedly for Ukraine are in that figure?

    If that is true, then the Beltway Bandits had a heady year.

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