Platinum Contributing Member Skidooski Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 19 hours ago, Mainecat said: Many of the tech companies with huge accounts invested in Bitcoin and lost billions. Sooooo it wasn't just for terrorists then.....huh 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 13, 2023 Share Posted March 13, 2023 54 minutes ago, Jimmy Snacks said: Now might be a good time to review the proposed digital currency. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 13, 2023 Share Posted March 13, 2023 On 3/10/2023 at 4:39 PM, Matt said: ... but it's largely Biden's fault for flushing the market with $$$ feel free to elaborate on this statement at your leisure Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted March 13, 2023 Share Posted March 13, 2023 (edited) What's sad is that many Americans will believe this crap about no cost to the public. If a "company" has to pay more for goods or sevices rendered who in they're right mind doesn't think that they will pass it on to consumers? Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," Biden said from the White House. Biden said "no losses" would be born by taxpayers, and the money would come from the fees that banks pay into the Deposit Insurance Fund. Edited March 13, 2023 by J. Jackson 1 Quote Link to comment Share on other sites More sharing options...
Pete Posted March 13, 2023 Share Posted March 13, 2023 On 3/12/2023 at 8:42 AM, Mainecat said: You stupid fuck. Spend 10 minutes to read why. Fuck you Your fucking party sucks and should be wiped off the planet 1 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted March 13, 2023 Share Posted March 13, 2023 16 hours ago, SnowRider said: @ArcticCrushernever let a good conspiracy go to waste Poor lil guy. How many hoaxes did you fall for..... Russian collusion Trump called neo-nazis “fine people” Jussie Smollett Bubba Wallace garage pull Covington kids Governor Whitmer kidnapping plot Kavanaugh rape Trump pee tape COVID lab leak was a conspiracy theory Border agents whipped migrants Trump saved nuclear secrets at Mar-a-Lago Steele Dossier Russian bounties on US soldiers in Afghanistan Trump said drinking bleach would fight COVID Muslim travel ban Hunter Biden’s laptop was Russian disinformation Andrew Cuomo best COVID leadership Trump built cages for migrant kids “Austere religious scholar” Trump overfed Koi fish in Japan Build Back Better will pay for itself Trump tax cuts benefited only the rich Cloth masks prevent COVID If you get vaccinated you won’t catch COVID SUV killed parade marchers Trump used tear gas to clear a crowd for a bible photo “Don’t Say Gay” was in a bill Putin price hike Ivermectin is a horse dewormer and not for humans “Mostly peaceful” protests Trump overpowered secret service for wheel of “The Beast” Officer Sicknick was murdered by protesters January 6th was an insurrection BYU students hurled racist insults at Duke volleyball player And don’t forget “democracy is under threat…” Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, Pete said: Your fucking party sucks and should be wiped off the planet hostile much? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 22 minutes ago, Crnr2Crnr said: hostile much? 1 hour ago, Pete said: Fuck you Your fucking party sucks and should be wiped off the planet 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 13, 2023 Share Posted March 13, 2023 Just now, Jimmy Snacks said: I actually feel bad for Pete Quote Link to comment Share on other sites More sharing options...
Matt Posted March 13, 2023 Share Posted March 13, 2023 3 hours ago, Crnr2Crnr said: feel free to elaborate on this statement at your leisure OK. Simple really. TL,DR: Inflation and countermeasures have downstream impacts... __________________________________________________________________________________________________ Biden kept the free money tap wide open during COVID. Started under Trump and continued and expanded under Biden. He should have shut off the tap way earlier but he didn't want to do something unpopular. Sooooo, inflation. Money was already cheap as hell before COVID, then we added a bunch more of it artificially to the economy. Combine that with idiotic lockdown-induced supply shortages and scarcity and you have a double whammy of explosive inflation if you don't do something to adjust. Sooo... raise rates and keep raising them. But what this does is fuck over banks and others who buy into things like treasury bonds. Banks end up losing big on bond portfolios while at the same time, depositors start to withdraw $ from banks to put $ into higher-earning securities and other investment vehicles. Another double whammy. Trump started it. Biden cranked it up. Good lesson for next time there's something like this. Don't just start printing and throwing out money like beads at Mardi Gras. It's bad business. 6 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 13, 2023 Share Posted March 13, 2023 1 minute ago, Matt said: OK. Simple really. TL,DR: Inflation and countermeasures have downstream impacts... __________________________________________________________________________________________________ Biden kept the free money tap wide open during COVID. Started under Trump and continued and expanded under Biden. He should have shut off the tap way earlier but he didn't want to do something unpopular. Sooooo, inflation. Money was already cheap as hell before COVID, then we added a bunch more of it artificially to the economy. Combine that with idiotic lockdown-induced supply shortages and scarcity and you have a double whammy of explosive inflation if you don't do something to adjust. Sooo... raise rates and keep raising them. But what this does is fuck over banks and others who buy into things like treasury bonds. Banks end up losing big on bond portfolios while at the same time, depositors start to withdraw $ from banks to put $ into higher-earning securities and other investment vehicles. Another double whammy. Trump started it. Biden cranked it up. Good lesson for next time there's something like this. Don't just start printing and throwing out money like beads at Mardi Gras. It's bad business. excellent reply, nice to see someone with a brain in here who's not a victim for a change. so what parallels can you see in the economy, the amount of debt, housing markets between the Bush/Obama administration periods and the Trump/Biden periods? conspicuous consumption played a massive role in inflation, along with corporate greed. we can alter the amount of consumption but the biggest corporations in the country aren't about to roll back their prices anytime soon, are they? we're in troubles waters... playing politics and finger pointing at the lowest common denominators can't fix this place we're heading. Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 13, 2023 Share Posted March 13, 2023 It's funny we keep going through this shit, because the same people here keep saying the same things. You just simply can't keep spending and printing more and more money. SIMPLE, but there are a few here that are just too dumb or that just don't care because they are getting there "free" money and they just plain don't want to have to work for it. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 13, 2023 Share Posted March 13, 2023 Despite all the bitching, the current interest rates aren’t at historically high levels. They are about average. But with the feds pumping QE for so many years everyone now thinks the current interest rates are high. This had to happen. The party is over. There’s going to be suffering and in the process all kinds of finger pointing. Bottom line is to keep your debt load low and spending in check. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 10 minutes ago, racer254 said: It's funny we keep going through this shit, because the same people here keep saying the same things. You just simply can't keep spending and printing more and more money. SIMPLE, but there are a few here that are just too dumb or that just don't care because they are getting there "free" money and they just plain don't want to have to work for it. Who here is getting “free” money? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 13, 2023 Share Posted March 13, 2023 Trump has gotten the last laugh in his battle against a ‘Woke’ bank that closed his account in the aftermath of the 2020 election. Signature Bank is now finding itself closed. Signature Bank of New York was seized by regulators on Sunday evening, the second failure of a regional bank in about 48 hours. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 13, 2023 Share Posted March 13, 2023 I wonder what the root cause is? Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 13, 2023 Share Posted March 13, 2023 58 minutes ago, Jimmy Snacks said: Who here is getting “free” money? https://www.cnbc.com/2022/12/08/president-biden-releasing-36-billion-to-aid-pensions-of-union-workers.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 (edited) 14 minutes ago, racer254 said: https://www.cnbc.com/2022/12/08/president-biden-releasing-36-billion-to-aid-pensions-of-union-workers.html So if you were a Teamster and worked and earned a pension that was mismanaged through no fault of your own you would turn down the help and forego your pension that you earned? BTW are any Teamsters here that this applies to or are you just throwing it out there to backup your stupid comment? BTW 36 billion out of 1.9 trillion…what about the other 1 trillion 864 billion? Edited March 13, 2023 by Jimmy Snacks Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 32 minutes ago, Jimmy Snacks said: So if you were a Teamster and worked and earned a pension that was mismanaged through no fault of your own you would turn down the help and forego your pension that you earned? BTW are any Teamsters here that this applies to or are you just throwing it out there to backup your stupid comment? BTW 36 billion out of 1.9 trillion…what about the other 1 trillion 864 billion? Not that Im a fan of bailouts , but by law that pension fund has to be insured , by the US government. 1 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted March 13, 2023 Author Share Posted March 13, 2023 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 13, 2023 Share Posted March 13, 2023 Quote Link to comment Share on other sites More sharing options...
Snake Posted March 13, 2023 Share Posted March 13, 2023 6 minutes ago, Mainecat said: Barney FRANK, of whom you are referring, was a board member of the second bank that went tits up. He's a helluva bank surgeon... Quote Link to comment Share on other sites More sharing options...
Snake Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, Jimmy Snacks said: So if you were a Teamster and worked and earned a pension that was mismanaged through no fault of your own you would turn down the help and forego your pension that you earned? BTW are any Teamsters here that this applies to or are you just throwing it out there to backup your stupid comment? BTW 36 billion out of 1.9 trillion…what about the other 1 trillion 864 billion? Central States pension fund has been a piece of shit since the days of Jimmy Hoffa. Nowhere in the country was a UPS retirement fund so underfunded.... keeping in mind UPS contributed what the union and UPS agreed to. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2023 Platinum Contributing Member Share Posted March 13, 2023 6 minutes ago, Snake said: Central States pension fund has been a piece of shit since the days of Jimmy Hoffa. Nowhere in the country was a UPS retirement fund so underfunded.... keeping in mind UPS contributed what the union and UPS agreed to. I agree but using the 36 billion given to the fund as an example of members here “wanting free money” was stupid even for racer. Quote Link to comment Share on other sites More sharing options...
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