Are there any big lies you might believe in?
Candace Owens and Alex Jones' heads exploding over Trump's recommendations to get vaxxed
- Thread starter 728ups
- Start date
Are there any big lies you might believe in?
You have sidestepped the real issue. People have gotten used to terrible monetary policy. They expect it. Demand it. Administrations and their appointees to the Federal Reserve have done everything possible to maintain the facade. Smoke and mirrors. Sustaining the unsustainable will have to come to an end. Nobody’s going to stay clean this time.
That would mean the US hand over ownership to banks and investors. Like China.
wilberforce15
Well-Known Member
Yes. And the borrower is servant to the lender.
They're taking ownership of our big buildings, our big ag facilities, our brewers, our cultural institutions, and our debts.
I can't think of another time in history in which a major power simply sold itself to the enemy. But that's what we are doing.
If you raise rates, everything crashes immediately. If you don't, you lose ownership of the country. That's the spot we are in.
I saw a guy say that just yesterday. Cheap money and debt are like cocaine to people used to getting it. But the powers that be should have known better but they've convinced themselves they can get us out of this. Reality is setting in.
Except the Chinese have their own debacle with many companies way overextended to the point that they won't be able to service their own bonds denominated in dollars. When the crash comes it won't just be the U.S. The worldwide lending system is on the line. Europe is in real trouble too.
Then why point and democrats and cheer Joe Manchin?
The powers that be are not particularly partisan in creating this mess.
Because Democrats were pushing a bill that would have definitely broke the bank. We're on the brink now, but Manchin kept us from going over. For awhile at least.
Oh stop. Break it already. Rip the friend’n bandaid off already. Stop acting like somehow, someway we’re going to be spared. We’ve all got it coming.
As I said before, we could've had a soft landing. Looking like a very hard crash is coming. You can downplay it all you want, but a liberal wishlist that would've cost $5 trillion according to the CBO and would've required even more printing would've definitely crashed us. If it had been a conservative administration pushing that you would've been gleefully pointing that out. And we don't all have it coming. Those who have been responsible with their money will suffer alongside those who've pushed for more, more, more from their government. MMT indeed.
If you’ve been an adult for the last 25 years, you are part of the responsible group. We’ve elected officials that have sold the country out. We’ve created too big to fail. We’ve spent crazy money and insisted on tax cuts assuming somehow it would all balance out.
I’ve said it before. We can’t logically say that our retirement is our own when we haven’t been paying the mortgage. We can’t point at elected officials because we elected them. We can’t point at democrats and say they spend too much and ignore republicans when they hurry to cut taxes and refuse the difficult vote to cut spending.
Yes, van. All of us. Don’t act clean. Don’t cry like a victim. “The powers that be” in a representative republic are…well, you get the point.
No, we'd still have financial pain, just not financial Armageddon.
Who's crying like a victim? I've been just relaying what I've been reading for some time now. And pointing out why we're in this predicament. I've seen you many times over the years downplay all the spending, even saying it's a good thing. Now that there are cracks in the dam you are looking to spread the blame. I've been on here pointing out that doing things like running a 20 year war spending trillions and getting people killed was wrong. Both parties are responsible for the spending and recklessness but one party in particular when given the chance ran up the tally big time and would be doing so now if there wasn't a Democratic senator with integrity willing to stand up to them. And we're all going to suffer for the largesse and if anything knocks this country off its perch it'll be losing reserve currency status. If we default on our debts that will likely be the outcome. Think we're in a tough spot now? Wait until our currency is worth a lot less and we still have to buy most of our goods from overseas. Right now 352 of the S&P 500 companies are at 52 week lows. Do you know when the last time that happened was? Right before the dot.com bubble burst in 1999 and the stock market dropped 80%. The only thing keeping this market afloat is the 10 biggest companies are doing well. But they're sensitive to interest rate hikes which the Fed is supposed to do early next year. Stocks are in a huge bubble. Real estate and bonds too. So are foreign markets. China is in big trouble. I remember not long after 2008 there were reports that a lot of the practices that caused the Great Recession were starting to happen again. Look at what's been going on in the last couple of years. Huge amount of IPO's brought to market. Trying to take advantage of the bull run. That happened before 1999 too. Anything with a dot.com after it's name had money thrown at it. People don't learn. But a lot of us didn't go out and buy houses we couldn't afford before 2008. But when it crashed we suffered too. No different this time.
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We’ve seen financial pain in this country before. Nothing changed.
Well then you've got nothing to worry about.
Oh. I don’t worry at all. I look forward to it. Way overdue. I’ve had fairly lengthy discussions with my pastor about the possible paradigm quake that’s coming.
Sportello
Well-Known Member
Where do you get your info from?
Your chart shows new 52 week lows. Doesn't account for others already there or the ebb and flow of others from when I got that info.Where do you get your info from?
