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Thread: American Politics

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  1. #15181

    Well, a couple of points

    Quote Originally Posted by CheckMate1  [View Original Post]
    1. Disagree: 9/11 may still have happened. Bin Laden planned the attacks for many years before it was executed. To say that this would not happen is a reach.

    2. Agree: I don't think that a Gore administration would have pushed into Iraq, as history unfold. My OPINION / Speculation is that Bush / Cheney wanted to go into Iraq, and this slim opening gave them their excuse to go in.

    3. Disagree: At the end of the milennium, there were weaknesses in the financial markets, mainly dot com bubble that would still have happened. One can blame the previous administration for this situation to happen due to new technologies without guardrails. *catch-22* can't advance innovations without unleashing technology / to prevent fraud and implosion ("regulations") is needed. Same discussion as pertain to crypto today. It isn't whether we should have regulations or not, but rather how much.

    4. One of the two would have happened. The second one (Housing) still may have happened. Although the Bush administration pushed for home ownership, I didn't see the push back from the other side either.

    5. Agree: At the end of the Clinton era, there was a surplus that would have extended under Gore. Instead of maintaining it for a rainy day, it was given back to the market / tax cuts. By itself, it wasn't harmful, but with the bubble and unpaid wars, a perfect storm for deficit, and its continuation.

    Disagree: No Inflation is a myth, in any era. Carter / Regan was the beginning of the hyper inflation era, Clinton administration / Feds masked the problem with the change in calculating inflation, taking out food and energy. Gingrich was the speaker at the time, so can't claim victory on any sides.

    https://www.newyorkfed.org/medialibr...sues/ci2-4.pdf

    Like all sci-fi movies (time travel), yes it would be different, but not everything is rainbows and unicorns.
    - The difference between the seriousness with which Clinton and his Administration regarded and responded to Intel on potential terrorist attacks re Presidential Daily Briefings, for one, and the way GW Bush and his administration virtually shrugged it off and dismissed it was shocking. Imo, the way the Counter Terrorism Chief who worked for both testified in the 9/11 hearings is most telling. It didn't even require much push back and response to possible domestic terrorist attack "chatter" to get the bad guys to abandon the idea, as happened under Clinton. By stark contrast, Bush and Rice did nothing in response to the rather specific PDB intel prior to 9/11.

    https://www.cnn.com/2004/ALLPOLITICS...ion/index.html

    - The Financial Crisis hit almost 8 years after Clinton left office. The huge wave of Subprime / Liar Loans did not begin under Clinton. There were practically no more floated than usual under Clinton. However, they flourished under Bush. And in large part for a reason you alluded to; home ownership increased under GW Bush. In fact, it was about the only notable economic "gain" Bush could point to during his "jobless" economy. No way was his Treasury Department's Office of Thrift Supervision going to get in there and demand banks and lending institutions enforce the non Liar Loan regulations that were on the books and spoil that one and only Bush Economy goose laying a sort of but illusery golden egg. Especially since enforcing regulations on anything, particularly banks, is anathema to Repub economic philosophy.

    In short, Clinton's Treasury Department did its job because they knew the boss expected them to do its job while Bush's Treasury Department did not do its job because they knew the boss did not even want it to do its job.

    https://en.m.wikipedia.org/wiki/Econ...administration

    There was little push back by members of Congress simply because Bush's Office of Thrift Supervision, whose job it was to monitor and report on those things, not Congress, was telling Congress everything is fine, nothing to see here.

    - I would say hyper-Inflation began under Nixon / Ford. Ford's way of dealing with it was to encourage everyone to wear WIN lapel buttons; Whip Inflation Now.

    Carter's Fed Chairman appointee, Paul Volcker, was vetted by Carter and appointed in late 1979 precisely because he was willing to do the unpopular thing in order to tame it; raise Fed Funds Rates, same as the Fed Chair Powell this time around. And Carter was willing for him to do it during an election year. By early 1980, almost a year before Reagan took office, Volcker's methods were already working and Inflation (and lending interest rates) was beginning to decline and continued to decline into Reagan's first year in office. No, not in a straight line month after month. Nothing works that way. But the downward trend had definitely begun in early 1980 and continued in that direction over the next 3+ years.

    Anyway, I am not saying there would have been no ordinary and normal inflation had Trump not made every decision a World Leader ought to make if his goal was to produce a Pandemic. I am talking about the elevated level of inflation the world experienced as an unavoidable outcome of it.

    https://www.usinflationcalculator.co...flation-rates/

  2. #15180

    Tim Walls Bland white guy who gives into BLM -- Let Minnepolis Burn

    Walls remind me of the weak characters in Fargo-.

    Interesting analysis about Tim Walls-- from a Black Conservative Perserspective.

    https://www.youtube.com/watch?v=E0Ah6YKevaQ

  3. #15179

    Agree to some; disagree on others

    Quote Originally Posted by EihTooms  [View Original Post]


    My god. Imagine what a different world we would all be living in if only those 2 elections had not been stolen:

    No Attack on 9/11.

    No 900+ lies by Bush-Cheney plunging us into 2 Repub counterproductive quagmire wars in the Middle East.

    No Financial Crisis.

    No two Bear Market Crashes in the broad USA Stock Market.

    No $Trillions added to the deficit just to create 1 million fewer jobs with that Repub legislation than without it.

    No failed China trade war that plunged the USA Manufacturing and Agriculture Industries into Recession so deep Trump had to issue emergency welfare checks just to keep them afloat.

    No Trump's Pandemic.

    No one million Americans Mass Murdered and millions more around the globe due to Trump's Pandemic Covid.

    No business and school closures.

    No Millions upon Millions of jobs wiped out.

    No two more Bear Broad Market Crashes in the broad USA Stock Market.

    No Inflation.

    No skyrocketing costs of rent, food, gas, etc.

    Yes, a very different world.
    1. Disagree: 9/11 may still have happened. Bin Laden planned the attacks for many years before it was executed. To say that this would not happen is a reach.

    2. Agree: I don't think that a Gore administration would have pushed into Iraq, as history unfold. My OPINION / Speculation is that Bush / Cheney wanted to go into Iraq, and this slim opening gave them their excuse to go in.

    3. Disagree: At the end of the milennium, there were weaknesses in the financial markets, mainly dot com bubble that would still have happened. One can blame the previous administration for this situation to happen due to new technologies without guardrails. *catch-22* can't advance innovations without unleashing technology / to prevent fraud and implosion ("regulations") is needed. Same discussion as pertain to crypto today. It isn't whether we should have regulations or not, but rather how much.

    4. One of the two would have happened. The second one (Housing) still may have happened. Although the Bush administration pushed for home ownership, I didn't see the push back from the other side either.

    5. Agree: At the end of the Clinton era, there was a surplus that would have extended under Gore. Instead of maintaining it for a rainy day, it was given back to the market / tax cuts. By itself, it wasn't harmful, but with the bubble and unpaid wars, a perfect storm for deficit, and its continuation.

    Disagree: No Inflation is a myth, in any era. Carter / Regan was the beginning of the hyper inflation era, Clinton administration / Feds masked the problem with the change in calculating inflation, taking out food and energy. Gingrich was the speaker at the time, so can't claim victory on any sides.

    https://www.newyorkfed.org/medialibr...sues/ci2-4.pdf

    Like all sci-fi movies (time travel), yes it would be different, but not everything is rainbows and unicorns.

  4. #15178

    WOW NOW you're completely off your rocker 555

    Quote Originally Posted by EihTooms  [View Original Post]
    Just curious, what do you suppose Trump means when he tells people at his rallies that they don't have to vote because he will "win" anyway?

    Trump told his fans they 'don't have to vote' and should 'watch' other voters instead.

    https://www.businessinsider.com/trum...o-vote-2023-10

    Do you think it might have something to do with this:

    These Swing State Election Officials Are Pro-Trump Election Deniers.
    Nearly 70 pro-Trump conspiracists are election officials in key battleground counties and they are poised to make a giant mess on Election Day.
    July 29, 2024
    .
    No failed China trade war? Why is it failed? Because you are anti America and pro China?

    I see you are still upset we didn't get that 3rd and 4th term of Bubba, that wanted TPP would still be in effect if not for Our Lord and Savior.

    https://www.nytimes.com/2024/07/04/b...enophobia.html

    https://www.aa.com.tr/en/asia-pacifi...attack/3246270

    Yes the Chinese are livid because the jig is up.

    Yes they are so angry because the trade war against them failed..

  5. #15177
    Quote Originally Posted by FFlintstone69  [View Original Post]
    https://newrepublic.com/post/184271/...-book-unhumans

    This looks like a must read for all the great eruditus men on this board ASAP.
    These are the first two paragraphs of the article: Republican vice presidential nominee J. The. Vance has found himself yet again in hot water, after it was uncovered that he promoted a book decrying progressives as "unhuman," written by a far-right conspiracy theorist.

    Unhumans: The Secret History of Communist Revolutions (and How to Crush Them) was written by the Pizzagate guy, Jack Posobiec, and ghostwriter Joshua Lisec, with a foreword by the recently imprisoned MAGA movement architect Steve Bannon.

    I stopped right there. This is another Democratic douche let's get offended trope. It is a fucking book. On the other hand, Democratic douches are cool with making up laws to criminally convict their opposition, throwing out the votes of their nominee, a literal coup in the party, machine gun wielding FBI agents at the house of the ex-president, and the made up Russiagate among others.

    And the Democratic douche vax rhetoric may have been the worse. People who are not vaxxed should be denied medical care and allowed to die. That IS unhuman.

    The whole thing reads like a Spidy post: insult after insult and no information. If Spidy does not write for the New Republic, he should. They would love him there.

  6. #15176
    Quote Originally Posted by TheCane  [View Original Post]
    The market is overvalued, and it's been so for a long, long time. We've been overdue for a major correction, but I'm not sure this is actually it. All I know is that my retirement fund is safe!
    There are a lot of markers freaking people out with supposedly 100% accurate measures of recession: the surge in the unemployment percentage, the unwinding of the inverted yield curve, and on a practical level a guy on CNBC said consumer balance sheets were never worse. I did know the consumer is in more debt than ever. On the flip side, there was calm. Things are not as bad as 2008, and I think what was weird is everyone was bringing up different reasons for the fall.

    I really did not understand the yen carry trade at first. Apparently, speculators are borrowing in yen at lower rates and then buying things with higher yields. That is fine unless the yen appreciates and I think it went up 12% so if you are levered at 10:1, that increase literally put you under water unless what you bought went way up in price. That is probably the best explanation for the sell off I have seen.

    But yeah, I am not sure it is here either. Usually October is the worst month for crashes.

  7. #15175

    Polling is a very valuable tool

    Quote Originally Posted by Elvis2008  [View Original Post]
    MDS, I quizzed someone on another forum about this, and he repeated the same "2020 was the safest election there ever was" nonsense. The election being stolen is a theory. I asked him what the facts were to support that theory. He could not give one. All he could do was launch personal comments about me.

    You would hope all Americans would care if this election were rigged, but what I have seen from Democrats is we won so who cares? Given that attitude, it is gong to be up to Republicans to make sure the election is fair. Democrats do not care about having fair elections; they only care if they win.
    Even (especially) to cheaters, like the CBS poll this week, they are trying to rig the outcome early by pretending it is already close.

    So when "election day" rolls around they can try to make it more plausible that Harris won ala Scumbag Joe in 2020 or JFK in 1960.

    Same thing with exit polls those are the easiest to rig, they can report any numbers they want ala Caracas last week.

    https://www.bbc.com/news/articles/cd1d10453zno

    The balls of Scumbag Joe to call others cheaters, they truly are shameless scumbags!!

  8. #15174

    How the President of the United States is Elected.

    Quote Originally Posted by Elvis2008  [View Original Post]
    MDS, I quizzed someone on another forum about this, and he repeated the same "2020 was the safest election there ever was" nonsense. The election being stolen is a theory. I asked him what the facts were to support that theory.
    Pretty obvious you did not ask me. I return to the source document: The Constitution of the United States of America.

    Amendment Twelve to the Constitution was ratified on June 15,1804. It revises and outlines the procedure of how Presidents and Vice Presidents are elected, specifically so that they are elected together.

    The Electors shall meet in their respective states, and vote by ballot for President and Vice-President, one of whom, at least, shall not be an inhabitant of the same state with themselves; they shall name in their ballots the person voted for as President, and in distinct ballots the person voted for as Vice-President, and they shall make distinct lists of all persons voted for as President, and all persons voted for as Vice-President and of the number of votes for each, which lists they shall sign and certify, and transmit sealed to the seat of the government of the United States, directed to the President of the Senate;

    Quote Originally Posted by SubCmdr  [View Original Post]
    Article II Section 1

    "The executive power shall be vested in a President of the United States of America. He shall hold his office during the term of four years, and, together with the Vice President, chosen for the same term, be elected, as follows: Each state shall appoint, in such manner as the Legislature thereof may direct, a number of electors, equal to the whole number of Senators and Representatives to which the State may be entitled in the Congress: but no Senator or Representative, or person holding an office of trust or profit under the United States, shall be appointed an elector."

    There is no room in this document for the Supreme Court of the United States to make a ruling like they did. They did not have the right to make the decision. That is a fact. The Constitution of the United States does not allow the Supreme Court to decide who the next President of the United States should be. Especially on a split decision. The mere fact that 7 of the 9 justices decided to hear the case means only that 2 knew and understood the role of the court in this pivotal moment in history. Congress should have impeached the 5 judges who were in the majority.
    The 43 president of the United States of America was inappropriately granted the presidency by the United States Supreme Court. They should have stayed out of it. Instead they decided to to pick the next head of the branch of the executive for the United States Government.

    Separation of Powers Doctrine

    Over the course of our history, the Supreme Court has elaborated on the separation-of-powers doctrine in several cases addressing the three branches of government. At times, the Court has determined that one branchs actions have infringed upon the core functions of another.

    https://constitution.congress.gov/br...ALDE_00000031/

    There is noting more core than the selection of the President of the United States of America. The Supreme Court violated the Separation of Powers Doctrine when they awarded the presidency to #43. The election was stolen from the American People.

    Quote Originally Posted by Elvis2008  [View Original Post]
    You would hope all Americans would care if this election were rigged, but what I have seen from Democrats is we won so who cares? Given that attitude, it is gong to be up to Republicans to make sure the election is fair. Democrats do not care about having fair elections; they only care if they win.
    I did not see any Republican outcry when #43 was elected.

  9. #15173

    An opinion.

    Quote Originally Posted by RamDavidson84  [View Original Post]
    I am too lazy to look that far into this particular issue, but lets say you are right even though I believe I read she has the chromosomes and hormone profile of a man and looks extremely masculine and I still 100% believe Olympics is corrupt and controlled by Corporate America, Liberal Media, and Big Tech and they are now doing an all out damage control campaign because they realize how many people like myself will no longer be supporting the Olympics after this last fiasco in a long line of controversies.

    But lets say you are right and this was a tragic case of the boy who cried wolf and this guy really is a girl. After the constant trans agenda and for years trying to get trans men to compete against women, stuff like this is going to happen. It's not like this is the first time. Olympics had to do the trans first dinner jesus picture thing to promote their agenda and give a middle finger to all christians. They brought this on themselves and now if its true this Algerian boxer is in fact a female, its the people promoting this in your face strange trans agenda bullshit who are really to blame.

    And I support more acceptance for Trans people, there are obviously people born Trans and cannot help who they are. But this agenda has gone so far beyond that, especially trying to give hormones to young kids and giving athlete of the year awards to guys like Bruce Jenner just because he transitions into a female at 60 years old even though he has a family.

    Just to be clear, you and tooms support letting Trans men compete against women? This is a huge part of the agenda for Democrats. This is what you support when you support Democrats.
    First, your personal opinion about an issue in general doesn't give you the right to accuse people. Your mockery of Khelif was mean-spirited and uncalled for.

    Second, up until recently I too held an opinion that trans athletes shouldn't be allowed to compete against women. However, I was presented with real-life facts by another member that changed my opinion. After digging into this some more, I do believe now that this is a non-issue blown way out of proportion by conservative ideologists who grabbed a chance to wind up the troops.

    If you weren't lazy, you could find our dialogue somewhere in this thread. But alas.

  10. #15172

    Stolen Again? You mean like in 2000 and 2016?

    Quote Originally Posted by Woodman09  [View Original Post]
    The Biden-KaMaLaaaaahhh recession Shall become a depression if the election is stolen again. A fake president KaMaLaaaahhhh will mean a world economic downturn-- Donald J Trump is our only hope-- We are in the 3rd Act.
    Just curious, what do you suppose Trump means when he tells people at his rallies that they don't have to vote because he will "win" anyway?

    Trump told his fans they 'don't have to vote' and should 'watch' other voters instead.

    https://www.businessinsider.com/trum...o-vote-2023-10

    "You don't have to vote, don't worry about voting," he told his New Hampshire fans.
    Do you think it might have something to do with this:

    These Swing State Election Officials Are Pro-Trump Election Deniers.
    Nearly 70 pro-Trump conspiracists are election officials in key battleground counties and they are poised to make a giant mess on Election Day.
    July 29, 2024


    https://www.rollingstone.com/politic...rs-1235069692/

    You know, these are the same people who agreed with Trump that it is ok to assassinate his VP for not following his order to steal the 2020 election.

    The same Felon Trump, that is, who was convicted 34 times for Conspiracy to Commit Election Fraud in a scheme to improperly influence (STEAL) the 2016 presidential election. And from the same Repub Party that was proven to have stood by and ignored enough blatantly obvious violations of the Voting Rights Act in Florida for GW Bush to steal the 2000 presidential election.

    My god. Imagine what a different world we would all be living in if only those 2 elections had not been stolen:

    No Attack on 9/11.

    No 900+ lies by Bush-Cheney plunging us into 2 Repub counterproductive quagmire wars in the Middle East.

    No Financial Crisis.

    No two Bear Market Crashes in the broad USA Stock Market.

    No $Trillions added to the deficit just to create 1 million fewer jobs with that Repub legislation than without it.

    No failed China trade war that plunged the USA Manufacturing and Agriculture Industries into Recession so deep Trump had to issue emergency welfare checks just to keep them afloat.

    No Trump's Pandemic.

    No one million Americans Mass Murdered and millions more around the globe due to Trump's Pandemic Covid.

    No business and school closures.

    No Millions upon Millions of jobs wiped out.

    No two more Bear Broad Market Crashes in the broad USA Stock Market.

    No Inflation.

    No skyrocketing costs of rent, food, gas, etc.

    Yes, a very different world.

  11. #15171
    Quote Originally Posted by Elvis2008  [View Original Post]
    Back when I shorted oil, it took a long time for the market to get it right. The term peak oil has been erased from minds like the ridiculous Covid measures. I argued with the peak oil nuts about increasing USA oil production and most of them said it was fake. I looked at the oil workers making a bundle with the new trucks and the like. They knew it was not fake. Eventually, oil went from $100 to $20, and I made huge money but it took a long time.

    So the lie is peak oil never happened, and the even bigger one is Biden's astute economic management made up for the economy being shut down 2 years. All that was done was the printing of money, and when you do that, you pay back the debt first via inflation. This recent rally made zero sense to me. How can you rally when the consumer is so much poorer? The answer that was given was AI. AI was going to make things so much more efficient. And that is literally what drove the hype train.

    If Treasuries yield 5% market, fair market value is less than that as stocks are riskier. That means a yield at minimum in the stock market should be 6 to 8%, and I would say 8% given the weaker consumer and the likelihood earnings are going down. The current market has a PE of 28 which corresponds to a high 3% yield. The market should be half of what it is right now and probably less than that.

    It never made sense but what would trigger a selloff? With oil, the peak oil nuts were shocked when the price of oil went down and Saudi Arabia did not cut production. In this market, I am not sure what the trigger is. Maybe it is Buffett selling so much stock. Maybe it is Nvidia not performing when it came to a delay in releasing the latest AI chip. You never know.

    What I told people is you know your going to cause deaths when you shut down the economy and make everyone poorer. You have no clue whether the Covid measures are going to work. If you are a Democratic douche, you think your brilliant monetary management saved the day. You see, Elvis, we could implement the Covid measures and have no economic downturn. No, you douches just have not paid the bill and thank God that bill is coming due now.

    We went $10 trillion further in debt due to a virus with 0. 2% mortality and lost trillions more due to decreased economic activity. The Covid plan ranks up there with the worst economic fuckups in our country's history.
    "It never made sense but what would trigger a selloff"?

    Well, in this case with the solid, stable and improving economy we have under Biden, a mild sell-off like we have had so far is usually due to investors taking out some healthy profits from the multiple All Time Closing Highs we have had in the market recently. Not talking specifically about oil, of course.

    Then they use those profits to buy more things. Later, when the market takes note of the good news about more things being bought, that triggers another All Time Closing High or ten in the market.

    And so it goes. Been happening that way in good and healthy economies like this one since, well, since the stock market was invented.

    But you will see it happening that way much, much more often during Dem economies than under Repub economies. For fairly obvious reasons.

  12. #15170

    Overvalued

    Quote Originally Posted by Elvis2008  [View Original Post]
    Back when I shorted oil, it took a long time for the market to get it right. The term peak oil has been erased from minds like the ridiculous Covid measures. I argued with the peak oil nuts about increasing USA oil production and most of them said it was fake. I looked at the oil workers making a bundle with the new trucks and the like. They knew it was not fake. Eventually, oil went from $100 to $20, and I made huge money but it took a long time.

    So the lie is peak oil never happened, and the even bigger one is Biden's astute economic management made up for the economy being shut down 2 years. All that was done was the printing of money, and when you do that, you pay back the debt first via inflation. This recent rally made zero sense to me. How can you rally when the consumer is so much poorer? The answer that was given was AI. AI was going to make things so much more efficient. And that is literally what drove the hype train.

    If Treasuries yield 5% market, fair market value is less than that as stocks are riskier. That means a yield at minimum in the stock market should be 6 to 8%, and I would say 8% given the weaker consumer and the likelihood earnings are going down. The current market has a PE of 28 which corresponds to a high 3% yield. The market should be half of what it is right now and probably less than that.

    It never made sense but what would trigger a selloff? With oil, the peak oil nuts were shocked when the price of oil went down and Saudi Arabia did not cut production. In this market, I am not sure what the trigger is. Maybe it is Buffett selling so much stock. Maybe it is Nvidia not performing when it came to a delay in releasing the latest AI chip. You never know.

    What I told people is you know your going to cause deaths when you shut down the economy and make everyone poorer. You have no clue whether the Covid measures are going to work. If you are a Democratic douche, you think your brilliant monetary management saved the day. You see, Elvis, we could implement the Covid measures and have no economic downturn. No, you douches just have not paid the bill and thank God that bill is coming due now.

    We went $10 trillion further in debt due to a virus with 0. 2% mortality and lost trillions more due to decreased economic activity. The Covid plan ranks up there with the worst economic fuckups in our country's history.
    The market is overvalued, and it's been so for a long, long time. We've been overdue for a major correction, but I'm not sure this is actually it. All I know is that my retirement fund is safe!

  13. #15169

    Is this man the heir apparent to the MAGA throne in 2028

    Quote Originally Posted by RamDavidson84  [View Original Post]
    I am too lazy to look that far into this particular issue, but lets say you are right even though I believe I read she has the chromosomes and hormone profile of a man and looks extremely masculine and I still 100% believe Olympics is corrupt and controlled by Corporate America, Liberal Media, and Big Tech and they are now doing an all out damage control campaign because they realize how many people like myself will no longer be supporting the Olympics after this last fiasco in a long line of controversies.

    But lets say you are right and this was a tragic case of the boy who cried wolf and this guy really is a girl. After the constant trans agenda and for years trying to get trans men to compete against women, stuff like this is going to happen. It's not like this is the first time. Olympics had to do the trans first dinner jesus picture thing to promote their agenda and give a middle finger to all christians. They brought this on themselves and now if its true this Algerian boxer is in fact a female, its the people promoting this in your face strange trans agenda bullshit who are really to blame.

    And I support more acceptance for Trans people, there are obviously people born Trans and cannot help who they are. But this agenda has gone so far beyond that, especially trying to give hormones to young kids and giving athlete of the year awards to guys like Bruce Jenner just because he transitions into a female at 60 years old even though he has a family.

    Just to be clear, you and tooms support letting Trans men compete against women? This is a huge part of the agenda for Democrats. This is what you support when you support Democrats.
    https://newrepublic.com/post/184271/...-book-unhumans

    This looks like a must read for all the great eruditus men on this board ASAP.

  14. #15168
    Quote Originally Posted by MarquisdeSade1  [View Original Post]
    MDS, I quizzed someone on another forum about this, and he repeated the same "2020 was the safest election there ever was" nonsense. The election being stolen is a theory. I asked him what the facts were to support that theory. He could not give one. All he could do was launch personal comments about me.

    You would hope all Americans would care if this election were rigged, but what I have seen from Democrats is we won so who cares? Given that attitude, it is gong to be up to Republicans to make sure the election is fair. Democrats do not care about having fair elections; they only care if they win.

  15. #15167

    Market is finally tanking

    Back when I shorted oil, it took a long time for the market to get it right. The term peak oil has been erased from minds like the ridiculous Covid measures. I argued with the peak oil nuts about increasing USA oil production and most of them said it was fake. I looked at the oil workers making a bundle with the new trucks and the like. They knew it was not fake. Eventually, oil went from $100 to $20, and I made huge money but it took a long time.

    So the lie is peak oil never happened, and the even bigger one is Biden's astute economic management made up for the economy being shut down 2 years. All that was done was the printing of money, and when you do that, you pay back the debt first via inflation. This recent rally made zero sense to me. How can you rally when the consumer is so much poorer? The answer that was given was AI. AI was going to make things so much more efficient. And that is literally what drove the hype train.

    If Treasuries yield 5% market, fair market value is less than that as stocks are riskier. That means a yield at minimum in the stock market should be 6 to 8%, and I would say 8% given the weaker consumer and the likelihood earnings are going down. The current market has a PE of 28 which corresponds to a high 3% yield. The market should be half of what it is right now and probably less than that.

    It never made sense but what would trigger a selloff? With oil, the peak oil nuts were shocked when the price of oil went down and Saudi Arabia did not cut production. In this market, I am not sure what the trigger is. Maybe it is Buffett selling so much stock. Maybe it is Nvidia not performing when it came to a delay in releasing the latest AI chip. You never know.

    What I told people is you know your going to cause deaths when you shut down the economy and make everyone poorer. You have no clue whether the Covid measures are going to work. If you are a Democratic douche, you think your brilliant monetary management saved the day. You see, Elvis, we could implement the Covid measures and have no economic downturn. No, you douches just have not paid the bill and thank God that bill is coming due now.

    We went $10 trillion further in debt due to a virus with 0. 2% mortality and lost trillions more due to decreased economic activity. The Covid plan ranks up there with the worst economic fuckups in our country's history.

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