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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.

The dangers of a Russian energy superpower

vil says...

Trump was right about the pipeline. There.

Except Trump being right about something has zero information value because he was wrong about so many things. Cherry picking and whataboutism only gets you so far.

Even Germany is now somewhat reluctantly coming around.

How exactly would Trump stop Putin I wonder? Any ideas beyond wild guesses?

There is no excuse for what is happening in the Ukraine now, there is no propaganda that can put this on the shoulders of anyone but Putin.

The danger in this situation is powerful people in the west are being friendly to rich russians and apologetic about the Russian regime. Business deals are less important than national safety. Being best buddy with Putin does not give Trump the power to stop him.

California gas goes past $6 dollar

California gas goes past $6 dollar

newtboy says...

ONE gas station is over $6…in Beverly Grove, the shopping district of Beverly Hills. The real average is $4.77 statewide.
Another totally dishonest @bobknight33 post. I expect nothing less.

I’m in Humboldt county, the most expensive gas in California regularly by far (except for special hyper expensive stations like Big Sur, Icehouse gas on the Rubicon trail, and the Uber rich one in the post).
…we are barely over $5, just like we were in 2019.

CNN Confronts Biden Advisor on Ukraine

luxintenebris says...

thought it was gauche to self-promote videos. let alone posting a ménage à trois (or 3 f'n'ing ) videos as 'support'.

give it up comrade.

biden gots US infrastructure; hair hitler rewarded the rich w/tax cuts. if that's a joke, i don't get it.

just some other thoughts while here...

what if the 't' social site ̶r̶o̶l̶l̶ stumble out was dolt 45's doing? having all the red hats make it look like a real going - but they ended up crashing the servers themselves?

also s.o.p. regarding the logo. likely don jr. (or ilk) scrolled for 't' logos and ended up w/an active company's logo. someone gets paid to bilk the organization.*

'hit me w/a feather' forecast: the site goes down and money goes missing. wonder what vegas odds are on this?

just the idea that a notorious liar throws up a site labeled 'truth' makes one think of this famous phrase...

[roy cohen, fiction, and fear. history rhytms.]


*is the 'period' by the 't' suppose to throw us off?

If [Durham Filing] Is True, It's A Lot Bigger Than Watergate

JiggaJonson says...

Let me know when the prosecuting attorney for a state is after em eh?


Oh wait, that's already happenin to ya' boi in New York. In my experience, the thing that'll get u kicked out of the rich kids' club is stealing money from them.

Why I’m ALL-IN On Tesla Stock

vil says...

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

newtboy says...

Good until it’s not, then it’s disaster.
It’s not smart for anyone ever to put all their eggs in one basket. No matter how much they watch the basket. Shit happens, shit out of your control, and when it hits the fan, by the time you feel the spray it can be too late. Nothing is totally safe, you want to lose it all because Elon decided Dogecoin IS a good investment and puts every penny into it, then changes his mind? (Close to what happened, btw).
It’s also about diversification in successful companies so when one goes down you aren’t homeless. That is both safer and more profitable….short and long term.
All intelligent investing is about the long game, get rich quick schemes are just that, schemes, not stable investments.

If you learned from your lumps, why are you suggesting such poor investment advice? Where’s the NEXT Tesla, it already had it’s big boom. You don’t invest on the way down.


The issue is you are talking up Tesla two years too late. Pre 2020, you would have been totally correct, today not so much.

I have Apple….but not just Apple.

Precognition sounds great, but it’s always a craps game….and a crappy game.

bobknight33 said:

Not smart for some/ most, agreed. Most people let some one else manage their $. Most people don't watch day to day.

I've been buying stocks for last 20 years. Took a lot of lumps. My main goal was to not to loose my shirt. A lot of lessons learned, mainly what not to do.

Main lesson learned was to find a Amazon.Target, Starbucks or Apple just as they become trendy. If you had bought and hold any of these for the last 10 years, you would be doing just fine. Tesla fits this model. Its 20 years old and finally over last 2 really planted its stake permanently as a auto maker. They are the EV leader.

That being said Tesla is easy to follow and see. There is enough active YouTube channels people reporting daily from around the world on Tesla. A person can fully understand this business and what is going on.

Other companies are more secretive and also no one really cares.


My final thought is this. IMO Tesla is at the same point as when Steve jobs introduced the iPhone in 2006.

Dont you wish you loaded up on apple back in 2006 @ $7 bucks a share? Apple close Friday was $168.

Its about the long game.

Americans Tell NBC, “Blown Away” By Bidenflation,

vil says...

There are 2 things.
Inflation.
Biden.
Correlation is not causation.

There are also only two things that can safely be done to combat inflation - raise interest rates (not Bidens job), and actually govern well, make sure public spending is going to the right places instead of fuelling the spiral. That is difficult to evaluate from a distance and at this time, but Biden still has a chance there. Unfortunately the results will only come in over a period of years if not decades. The good thing is that Biden is less ideologically bound than Trump. Trump just lowered taxes for rich people, that was his only economic plan.

Implying current inflation is Bidens fault is like blaming covid on Trump. Its the covid response that can be pinned on Trump based on numbers we have now, after the fact.

How Bidens administration does when challenged will be evaluated in a couple of years time. I am curious why the fed is reluctant to raise the rate at the moment.

Just dont blame the mountain rescuers for the avalanche.

Tesla’s TOTAL DOMINATION (new data)

newtboy says...

Totally agree….profitable companies shouldn’t get welfare/tax breaks. Non profitable companies shouldn’t be artificially propped up forever (unless they’re essential).

I would go farther…tax leeway at first to help them become established companies, but if they accept the tax breaks and still fail, the company assets should be forfeit to repay the taxes unpaid like any other debt. If you accept a break and succeed, pay it back over your first profitable decade with slightly higher taxes. Help up, not handouts. That’s my druthers.

Massive corporate welfare for extremely profitable companies is abhorrent to me….just like tax breaks for the ultra rich.

vil said:

So, he is pro-Elon basically.

He is an egomaniac and a fabulator.

They say in the vid the Y will not have federal tax credits, but I see your point.

There is no reason people who make huge profits should get tax exemptions. That should be a basic law.

Sure, have some leeway at first to promote location, new technology, etc. But once you turn a profit, pay taxes.

Americans Tell NBC, “Blown Away” By Bidenflation,

w1ndex says...

Bob, you're a fucking idiot, just so you know. Inflation takes a few years to set in, maybe check into the fucking boneheaded pandemic response your golden idol fumbled and that 10 TRILLION WITH A FUCKING T tax break for the rich him and the goons passed, but fuck the Build Back Better act because some minority might get some help. And FUCK JOE BIDEN! You can say it, it's not a god damn bad thing. 15 years ago he could have been the fucking nominee for your party because he's a DINO more right of center politically. But ever since Obama got into office the Republicunt party has doubled down on the racist bullshit.

newtboy (Member Profile)

newtboy (Member Profile)

Let's talk about questions and the Potter case....

newtboy says...

There you go again, insisting that if police can’t kill with impunity and immunity, then anarchy will rule, there will be no police, and crime rates will skyrocket, making the US into Thunderdome in months.

Infantile, ignorant, and asinine, police in almost every other country kill far less than American police who kill around 3 people per day on average. In many countries they don’t carry guns, without a massive jump in crime. Imagine that. Are you saying US police are so incompetent that every other nation can police itself without letting them murder over nothing but contempt of cop, but divided America is totally incapable of that type of policing?

I would remind you, in the racist, sexist fantasy time period Trumpists wish to return to, police murdered non whites routinely and without fear. Wanting to return to that is pure racism…not surprising. Also, the Uber rich payed over 90% in taxes, without going bankrupt or just shutting down. Your “capitalist utopia” doesn’t exist without taxes at 3 times what they are now without loopholes. D’oh!
(For tax years 1944 through 1951, the highest marginal tax rate for individuals was 91%, increasing to 92% for 1952 and 1953, and reverting to 91% 1954 through 1963. For the 1964 tax year, the top marginal tax rate for individuals was lowered to 77%, and then to 70% for tax years 1965 through 1981)

I would also remind you how you screamed and cried over that terrorist bitch that was shot attacking the capitol with hundreds of armed violent cohorts that had already murdered and disabled dozens of police. You absolutely wanted that officer prosecuted if not just lynched….for a good shoot of a violent attacking murderer (part of the violent murdering mob makes you a murderer). Your blatant undeniable racist prejudice and obvious hypocrisy are showing, Bobby.

If police need to murder unarmed citizens over misdemeanors, they should absolutely stand down as that makes them the murderous criminal gang, not the police.

bobknight33 said:

Crime will go up and police will do less.
Already at record highs but will go even higher.

Cops should just stand down.

YouTuber tracking down guy who stole his stuff

spawnflagger says...

this video already has 8M views - this youtuber kid is likely a millionaire, so him offering $1400 back is smart- just to remove the chance of some hater backlash "millionaire asking for $1400". Since the thief knew the kid and seen his videos, probably his mindset was "fuck this rich kid, he can buy more", and the remorse only came after he got caught. Glad he was caught. Sad that this youtuber felt he had to move 1 month after finding new place. Hope he doesn't ever move to L.A. like other rich youtubers.



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