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Russian Sanctions and Global Economic Risk

vil says...

We are not hoping Putin will reverse his course, we are hoping (rich elite and military) Russians will decide they would be better offf without war and threatening to destroy the world.

Switching of SWIFT is not a total ban on transactions but is very annoying for russians.

Dependency of Europe on Russian oil and gas is a direct security danger, they do use it to extort (and bribe - see Mr. Schroeder) the west.

China gets paid mostly in dollars, it would be a pain for China to use anything else to buy oil and gas. But nothing is ever certain forever.

Russia will need dollars in any form, even if they have to be black market dolars so they will gladly take Chinese payments in dollars. Also their stock market and currency is... f***ed.

Biden’s first year as President: A Beatles remix

newtboy says...

You’re right, it was a GREAT year for Joe, America’s economy, and pocketbooks. The best gdp growth in decades (CDGDP up 10%), amazing jobs numbers (6.4 million!), and the fastest stock market rise that put money in even your wallet.
2020 was the no good very bad year where jobs, gdp, and the stock market plummeted like never before.
Such a dumb tool, Bob. “Democrats are awful, Trump is great….reality be damned.”

Forget 22 and 24….Biden is going to use Trump’s plans, so no vote totals ever, sieze voting machines before tabulation, claim all Republican votes are fraudulent and discard them, and use the military to crush any dissent. If that doesn’t work, Kamala will just certify the alternate electors and they’ll vote for Biden. Perfectly legal, moral, ethical, and democratic right? Enjoy, you already say that’s totally reasonable and legal. Turnabout is always fair play. D’oh

bobknight33 said:

Not a good year for Joe.

Not a good year for the American pocketbook.

bobknight33 (Member Profile)

newtboy says...

OMG!!
The big investor in Trump’s social media company is a group of Chinese investors from Shanghai that have been repeatedly sanctioned and thrown off the stock market for opening multiple fraudulent companies in America, taking them public, and never actually having a company, no employees, no physical assets.

If you signed up for Trump’s site, expect all your data to be in Chinese hands….you gave it to them. Also know you likely gave up any rights to complain that your identity has been stolen when you signed up.

Who’s owned by the corrupt Chinese again? I know you like to say Biden is, but the paper trail and bribe money paid say something completely different.


LMFAHS!

bobknight33 (Member Profile)

newtboy says...

Oh no!
Remember how the stock market was supposed to tank under Biden, 401k's would be worthless, forget ever retiring? Turns out it's had the best first hundred days of an administration in 75 years under Biden. D'oh!

I lost money during the Trump administration, about 8-10% overall across my portfolio....since Biden was elected I've made it all back and another 15%+. How about you?

Capitalism, the enemy of Freedom and Democracy

Mordhaus says...

I consider myself a fiscal conservative and I don't think capitalism should be unchecked. Personally, I think the stock market and share trading forces companies to always try to show an increase in profit. I also think that corporate lobbying (well any business lobbying really) should be illegal. I also believe in term limits so that nobody can be a 'paid for' elected official.

So it isn't my goal, I can't speak for others.

newtboy said:

But is completely unchecked capitalism not the ultimate goal of "conservatives/Republicans"? It's certainly what their representatives call for and try to create.

Lt. Gov Dan Patrick Says Put Economy Before The Elderly

StukaFox says...

This isn't about the economy, it's about Trump's re-election chances. Trump's only win during his entire presidency has been the stock market climbing and the jobs numbers (despite the fact he didn't actually have anything to do with either). Now that we're looking at the highest unemployment in American history and a stock market meltdown that makes '29 look like an afterthought, Trump knows the BEST case scenario is being voted out of office in a landslide and the WORST case is that he ended up in prison for high crimes against the American people.

Why Are Democrats Misleading Us About Immigration

greatgooglymoogly says...

Just like the stock market rally having little to do with Trump's policies, the border crisis is not a result of Trump either. It's created almost entirely by external forces in other countries. He could order the border patrol to not lock any of them up, but that would just shift the crisis elsewhere. Congress needs to provide funding to get to a solution, be it a fence or more judges, or an uncapped immigration number. If Hillary were elected she would be having the same problems.

Slowing Down A Stock Exchange With 38 Miles Of Cable

How The First Ever Telecoms Scam Worked

KrazyKat42 says...

For people who don't understand how this is relevant today, when the stock market opens everyday, the first traders get a huge jump on the others. The fastest trading networks are so fast, there have been several instances where the trade seemed faster than the speed of light. We are talking about internet speeds with less than 1 millisecond lag.

Mordhaus (Member Profile)

JIM ROGERS: The worst crash in our lifetime is coming

Mordhaus jokingly says...

2019: Crash will devastate all planets in the solar system says legendary investor who has been persistently bearish on the US stock market since the early 1980s....

JIM ROGERS: The worst crash in our lifetime is coming

DuoJet says...

A rare useful comment from Youtube:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers
2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”
2013: Jim Rogers Warns: “You Better Run for the Hills!”
2014: JIM ROGERS – Sell Everything & Run For Your Lives
2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash
2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING
2017: THE BOTTOM LINE: Legendary investor Jim Rogers expects the worst crash in our lifetime

How tax breaks help the rich

Fairbs says...

if the rich didn't take all of the money, there would be a larger middle class and they would pay more taxes; at this point, the rich have made most people into poor people and why should poor people pay more taxes when they're poor?

I have two opinions on this... 1. the tax code rate for capital gains was around 80% 40 years ago and now it's 15%; that's money for doing nothing 2. all improvements in automation and technology have driven down wages and the benefits of this have all gone to the top either in CEO pay or money made from increases in the stock market

bobknight33 said:

The rich might get better value on their deductions but they still get soaked more in taxes overall.


The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014
Top 20% of Earners Pay 84% of Income Tax
And the bottom 20%? They get paid by Uncle Sam.

Millennial Home Buyer

newtboy says...

I lived in EPA in the late 80's, and again in the early 90's. We heard gunfire nightly, but never had a serious problem.
We went to Mountain View from there. We paid $800 for a 2 bedroom apartment for years, then left in 96, ending up in far northern California where we could afford a decent house with 2/3 of an acre in a nice neighborhood.

My advice would be to buy what you can live with and afford, then sell and move out of the city when you retire and buy someplace cheap to live with the proceeds. You'll be way better off with that money still in your pocket rather than someone else's, and have far better options when you retire. Just my opinion, but it's working for me. Real estate has been the best investment I've ever made by far, infinitely better than the stock market has done for me (sadly I invested an inheritance in the stock market in early summer '08, and lost my shirt).

Donald Trump will never be President of the United States

Fairbs says...

he's a gross man that won by the narrowest of margins; look where we stood when Obama ended his term and look where when the molester is out (hopefully sooner than later) and judge; our world reputation has already taken a huge hit; stock market is down; product prices soon to go up; he's a foolish, foolish man surrounded by idiots like bannon

bobknight33 said:

Trump Bitched slapped All the pundits and liberals.

Yet all these pundits pushing false narrative still have their jobs.



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