In the News II

Quote: rquiredusername

The bigger error was not increasing interest rates back to a reasonable level in 2014, or 2015, or 2016, or 2017, or 2018, or ‘19…..so that they didn’t inevitably back themselves into nothing but bad options once the economy actually “needed” easy money.

The interest rate thing goes back to the 2000s. The dotcom crash left us in a recession in early 2000 that was just slow to crawl out of. 9/11 made it harder. We were on low rate meth from then to 2022. How low? I have heard reports that rates were not that low that long for 1000 years. IMHO another part of the reason is demographic. Around 2000 the boomers started turning 55, an age when you stop buying big things and do not start a business. The Xers were not large enough a group to pick up the slack.

2008 happened after we tried to get off the meth in 2006-7. Of course by the 2010s the feds were using Blue Sky to keep their by then killer debt payments in check. They were like some rich guy threw a party and bought enough for everyone. Then the china virus hit and they had another huge batch delivered.

Now we are having the morning after the party. Reality is setting in. An example is auto loan rates are up about 5% from a few years ago as the average car now costs around $40,000. Thus you are paying $2,000 more for that first year in interest! Most car loans now over 6 years and it is too early for me to punch in all the numbers but think of how much more that is over the life of the loan!

Ukraine causing things? Only if you blindly believe what the infobabe on PMSNBC tells you.

Quote: Tanko

More than half the voters will believe that, and they are going to prove it in 2024.

NYC which has an annual budget that is higher than the budget for the entire state of Florida, is spending $4 billion annually on the illegals. Providing $400 a night hotel rooms plus unlimited food and medical care to them.

The money has to be taken from education, police, sanitation, libraries and other city services.

There are no jobs at all for them here.

The Mayor says it has 'destroyed the city'.

Democrat cities are sending them here. Even the democrat governor of Colorado is sending them here.

The inflow will explode beginning next week when Biden lets Trump's Title 42 to expire.

Biden is sending 1,500 troops to the border to speed the inflow.

'Mayor Lightfoot demands no more illegals be sent to her city, gets brilliant response'

I think Karine didn't intend to say those exact words.

She was likely referring to an interim time period when the numbers did come down 90%.

But her words came out differently.


She was likely thinking of a positive spin, but her mind got tangled.




Now blue sanctuary city mayors are spinning.

Here the issue with the banks and the economy, besides the currency being against the constitution:


Look on a dollar bill.

It states "Federal Reserve Note" on the top.

It's an IOU (debt).

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A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand.

https://en.wikipedia.org/wiki/Banknote

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The Federal Reserve is a private firm.

The IRS is a private firm and is the collecting arm of the Federal Reserve.

The name is intentional to deceive because it's not federal and they have no reserves.



Now for the point.

The currency itself is a debt instrument.

It should be a credit instrument (like gold, silver, or Bitcoin).


If we paid all our debt off, there would be no currency.

Therein lies the issue.


Bitcoin solves the issue, which is why it was invented.

The second point about the currency, is it divides the country.

Not red against blue, although that's what they want us to believe.

It's the 1% against the 99%.



But the way to correct the issue is not like Feel the Bern says.

To take assets over $1B.

That is not the way.


The way is to change the currency to a credit system (like gold, silver, Bitcoin).

Because that's where their profit comes from (not all of course).

The debt system.

We really need a “DoubleGold’s corner” here.

So many blocked posts in a row with no one talking to him.

Quote: DoubleGold

I just saw Trump give a speech on Forbes video, and he didn't seem concerned at all.

He was talking about DEI and education, how he is going to try to remove all the DEI.

I mean, it's a civil suit. Even if we assumed (for the sake of argument) that Trump raped this person, and jury decides same, it wouldn't really impact him in any great way.

Quote: Mission146

I mean, it's a civil suit. Even if we assumed (for the sake of argument) that Trump raped this person, and jury decides same, it wouldn't really impact him in any great way.

The strategy is to keep him from being elected President.

If that's on his record, many won't vote for him.

Quote: DoubleGold

The strategy is to keep him from being elected President.

If that's on his record, many won't vote for him.

It is a return to 1800s style politics. It is about showing what happens if you threaten the swamp.

Quote: AZDuffman

The interest rate thing goes back to the 2000s. The dotcom crash left us in a recession in early 2000 that was just slow to crawl out of. 9/11 made it harder. We were on low rate meth from then to 2022. How low? I have heard reports that rates were not that low that long for 1000 years. IMHO another part of the reason is demographic. Around 2000 the boomers started turning 55, an age when you stop buying big things and do not start a business. The Xers were not large enough a group to pick up the slack.

2008 happened after we tried to get off the meth in 2006-7. Of course by the 2010s the feds were using Blue Sky to keep their by then killer debt payments in check. They were like some rich guy threw a party and bought enough for everyone. Then the china virus hit and they had another huge batch delivered.

Now we are having the morning after the party. Reality is setting in. An example is auto loan rates are up about 5% from a few years ago as the average car now costs around $40,000. Thus you are paying $2,000 more for that first year in interest! Most car loans now over 6 years and it is too early for me to punch in all the numbers but think of how much more that is over the life of the loan!

Ukraine causing things? Only if you blindly believe what the infobabe on PMSNBC tells you.

Another thing how it’s FUBAR beyond repair. The 15-25 years of easy money (come on below 4% is just free money it’s irresponsible anytime Econ isn’t really struggling) obviously threw everything with both pricing and supply of real estate having very little resemblance to a free market. But beyond that the way real estate has been developed over the last 30 years just doesn’t make any damn sense beyond people can do what they want legally with their money, which is obviously true society just has to deal with the outcomes of those choices.

Virtually all housing built in the last 30 years has been built for people who are going to be dead in 30 years and not based on and doesn’t really match current, or even remotely related to future need. To an extent this was true in the past but drastic changes in affordability and modern family structure being much different than previous generations means the building has been entirely incongruent to current or future demand for quite some time.

What I mean is that people pretty much don’t have kids anymore or much fewer, but you can barely find a house under 2000 feet built since 2000, and you’re not going to be allowed to have one that size built in SFH HOA land. Way too much area in metro/suburban areas is zoned residential, and far too restrictive (HOA size requirements) to have any resemblance to our population needs/demands.

Quote: AZDuffman

It is a return to 1800s style politics. It is about showing what happens if you threaten the swamp.

I agree.


We could see it when the Twitter Files were released.

They showed the inner influence of the government covertly being weaponized politically.


But as always, nothing will come out of it.

I mean, who wants to go to prison?