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Post by OptimallyDismal on Jan 13, 2023 17:36:18 GMT -6
How many secret service and every other government service that the president would have around, and now they discover a big stack of documents in a GARAGE? I guess locking it kept all of them out all this time?? I think they think we are really stupid, or they just don't care any more.
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Post by kenmb on Jan 16, 2023 8:36:33 GMT -6
The classified documents are certainly a good way to challenge biases. There are those who bought in fully how Trump has classified documents at his home while president and allowed to do so and also having the power to declassify. Meaning once classified documents were also no longer classified when he had them. Curious how that happens. It's like the top "news" stories of the last few years are getting completely flipped onto the other side of the view. What's next, that covid vaccination is actually not really working? Did find this interesting this morning: Preposterous ideas have gotten so out of hand that Fed Chair Warns President Biden "We will not be a climate policymaker"
"Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals. We are not, and will not be, a climate policymaker," said Jerome Powell.
I am not one who often praises the Fed, but that paragraph deserves a standing ovation.
It was just a year or two ago the BIS and numerous central banks were saying they had a moral obligation to step in and manage the economy to save the planet from global warming by shaping how the lend money.
Jerome Powell is another of my favourite actors.
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Post by kevlar on Jan 19, 2023 19:31:46 GMT -6
So the US hit its debt ceiling once again. Will they just raise it again, I think no doubt they will, it’s become completely irrelevant anyway. Just the other day Biden had said he’s paid off a lot of the debt, guess he didn’t get the memo. Those of you from the US, what’s your take on this?
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Post by kenmb on Jan 26, 2023 7:05:51 GMT -6
I remember when the debt ceiling was $1T and they had a big debate and a bunch of hand wringing about raising it. All a good show for the peasants. It's a debt based system so pretty clear where the future lies. But we should still pay our taxes to pay off that debt. But gosh darn it, there is always some new catastrophe that needs more debt expansion and we just don't quite get to the point of paying off government debt.
Naturally there is a reason for all that. But the answers aren't on the tv, coming from government or from the banks. And there is a reason for that also.
I see the Bank of Canada raised rates again but this time said that should be the end. I had the misfortune of checking on dad while he had the 24 hours "news" channel on and the presser with BoC reps. Naturally there were no actual questions, just stuff said to make people think the system is legitimate. For example no one asked why the rates weren't raised in around 2012 to ensure the cost of borrowing wasn't running behind the cost of asset price inflation. And no one dared to state the obvious that raising cost of borrowing in a debt based system will certainly curb demand. Instead the BoC made such brilliant statements like their new policy of higher interest rates should slow demand and get supply up. Brilliant. Genius even.
And the BoC may start holding retained earnings instead of turning over to the government. Interesting. Hmmm, let's see. So it is our bank - as in the citizens bank and the nation of Canada's bank and does not exist if there is no nation or population, so yes, the BoC does turn all its "earnings" over to the people. But now thinks the bank of the nation is actually not part of the nation and will hold its "earnings" to itself.
The first question is why the bank of the nation has "earnings" in the first place. It is actually not supposed to be a business, that is not how the nation exists. It's like your farm having a bank account but the interest earned doesn't belong to your farm, it is the property of the bank account.
Yeah, it was pretty tough to watch that stuff. But no doubt people will be eagerly anticipating a rate cut because we have the best people running the show and doing all the really good things for the peasants.
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Post by shmiffy on Jan 26, 2023 8:04:07 GMT -6
BofC needs earning so it can absorb all the bad debt coming this year. I don’t know. But a lot of American banks have an estimate for this year on bad debt. Interest rates follow the bond market is what I heard yesterday. Fed doesn’t actually have control of interest rates.
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Post by Bigtalk on Jan 26, 2023 15:53:03 GMT -6
I remember when the debt ceiling was $1T and they had a big debate and a bunch of hand wringing about raising it. All a good show for the peasants. It's a debt based system so pretty clear where the future lies. But we should still pay our taxes to pay off that debt. But gosh darn it, there is always some new catastrophe that needs more debt expansion and we just don't quite get to the point of paying off government debt. Naturally there is a reason for all that. But the answers aren't on the tv, coming from government or from the banks. And there is a reason for that also. I see the Bank of Canada raised rates again but this time said that should be the end. I had the misfortune of checking on dad while he had the 24 hours "news" channel on and the presser with BoC reps. Naturally there were no actual questions, just stuff said to make people think the system is legitimate. For example no one asked why the rates weren't raised in around 2012 to ensure the cost of borrowing wasn't running behind the cost of asset price inflation. And no one dared to state the obvious that raising cost of borrowing in a debt based system will certainly curb demand. Instead the BoC made such brilliant statements like their new policy of higher interest rates should slow demand and get supply up. Brilliant. Genius even. And the BoC may start holding retained earnings instead of turning over to the government. Interesting. Hmmm, let's see. So it is our bank - as in the citizens bank and the nation of Canada's bank and does not exist if there is no nation or population, so yes, the BoC does turn all its "earnings" over to the people. But now thinks the bank of the nation is actually not part of the nation and will hold its "earnings" to itself. The first question is why the bank of the nation has "earnings" in the first place. It is actually not supposed to be a business, that is not how the nation exists. It's like your farm having a bank account but the interest earned doesn't belong to your farm, it is the property of the bank account. Yeah, it was pretty tough to watch that stuff. But no doubt people will be eagerly anticipating a rate cut because we have the best people running the show and doing all the really good things for the peasants. You seem a little skeptical Ken.
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Post by kevlar on Jan 27, 2023 19:44:23 GMT -6
So how bad is this riot going to get down south?
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Post by kenmb on Feb 2, 2023 10:01:38 GMT -6
Fed hikes another 0.25%so I think it around 4.0%. Of course this is against what the "experts" and "news" was saying for over a year when there has been a constant narrative of no more rate hikes and rate cuts expected anytime now. And once again the narrative is "this should be the end of rate hikes for sometime".
Sure, if the centrally controlled and planned world yet remains intact then expect no more hikes and probably rate cuts, massive even. Because in a debt based world the only way to get every entity to expand debt massively to keep things propped up is to make debt cheap and then real cheap. Negative rates even. Because when people stop spending what they have they either stop buying (not good for our consumption based world or asset inflation) or they go borrow more to add to their existing debt. And the 2nd option isn't going to happen easily now.
However if we consider ourselves to favor free markets and capitalism and think such things are good and desirable then you would not be able to borrow at 3.5 or 4.5%. There is no opportunity costs for capital at those levels. Why would you lend someone your capital at 4% when you can simply go buy an asset that is rising at 3% (sor more) a year and have no risk of default. In a real capitalist world you would see people lending their capital at around 7% I think.
So we will see if this is the end of rate hikes like the news has been saying. Bank of Canada is apparently done hiking, so is Fed, and now ECB after also hiking.
One things is clear: every single expert over a year ago was wrong when saying no more rate hikes and expect some rate cuts. Yes, rate hikes are good. It is how our world should work.
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Post by cptusa on Feb 3, 2023 20:03:33 GMT -6
Thoughts on chicom ballon floating around the states doing surveillance?
I'm in the shoot it down camp.
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Post by kevlar on Feb 3, 2023 21:59:52 GMT -6
This just seems weird to me. Of all the technology put into surveillance and they toss out a balloon, seriously? Is it 1895? I don’t believe it to be honest, I think there is more to this. Coincidence that the US defence said that the US would be at war with China in 2025? Need to build the support.
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Post by kenmb on Feb 4, 2023 8:36:11 GMT -6
Sounds about right Kevlar.
Very similar to the "news" of a drone crippling a Russian command ship. Yes sir, after centuries of naval warfare the Ukrainians figured out that all you needed to do was send a small craft on top of the water to cripple ship. Don't even mess around with it being underwater or high speed like a plane delivered bomb or torpedo circa WW2. No, apparently the newest tech is to simply put it on top of tge water and send it off. A century of military technology just became obsolete and was defenseless to stop.
So yes, a balloon for surveillance sounds about right.
Right up there with Ukraine being in full on war with Russians destroying everything yet crop production is up. Canada can't move grain in cold weather but Ukraine can run an entire Ag sector without rail, power, supply chains, exports/imports, port access and every other aspect.
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iamwill
Full Member
Posts: 247 Likes: 166
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Post by iamwill on Feb 4, 2023 15:02:51 GMT -6
So I just read that the US airforce shot the Chinese balloon down. Apparently they didn't shoot it down over Montana earlier because of the risk of falling debris. As in someone getting hit in the head by it or someone finding it and figuring out what it really was? Yes shoot it down over the ocean when it no longer is a risk and hard to retrieve, makes sense to me.
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Post by cptusa on Feb 4, 2023 15:48:05 GMT -6
Big freaking deal. The chicoms got what they were after anyway on it's trek across the country. Seems like a pretty controlled decent and they got a decent idea where it's going to land. One would say this was easily doable over Alaskan wilderness or Montana wilderness.
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Post by Oatking on Feb 4, 2023 18:06:45 GMT -6
Where was Canadian officials when it was flying over ALBERTA or SASKATCHEWAN air space?
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Post by OptimallyDismal on Feb 4, 2023 18:46:13 GMT -6
If we are talking high level liberals I would think they would be under a table where the chinese are sitting.
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