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38 minutes ago, Mike_Hunt said:

They need to cut two trillion from the federal budget.   It requires a hatchet.    

But they're going to end up cutting a negative amount. Musk climbed down first from his 2 trillion claim, then it went down to 1 trillion, now it's at $150 billion and still filled with falsehoods.

On the other hand he did manage to slash employment at the enforcement division of the IRS. It's projected to cost the US roughly $500 billion yearly in revenues. At least. So even if we accept Musk's valuation of $150 billion in savings, it still amounts to a negative cut of $35O billion.

2 hours ago, riclag said:

Bill Barr says this is been going on for

a long time!

 

Maybe Barr is still smarting after being castigated by a Federal Judge for lying about the Mueller report?

3 hours ago, Cameroni said:

 

But they do raise them, the EU lowered barriers internally, but raised tariffs against China.

 

 

They don't. The US has the biggest bond market in the world. Both private and government.

 

https://www.weforum.org/stories/2023/04/ranked-the-largest-bond-markets-in-the-world/

 

As the focus fades from ultra-cheap prodcuts, but consumers in places like the US are used to paying higher prices, and quality becomes more important, the hunger wages in Asia would lose their rationale.

YOu still haven't explained this comment of yours:

" Well, consumers in the US would not get the opportunity to pay lower prices, US made products will be more expensive, and cheaper imports will be impaired with tariffs, therefore more expensive still.

The US consumer, whether he likes it or not, will have to pay higher prices."

Are you predicting an end to representational democracy in the USA?

Just now, SunnyinBangrak said:

The last western Europe blackout of this scale happened in WW2. EIGHTY years ago. Your point? 

 

Don't econut msm consumers stand out like a sore thumb😅 most twigged when Gores polar bears didnt go extinct, the high priests of wokeness purchased TWO sea level mansions and were able to insure them, and saw Megs and Harry travelling by private jet routinely. The whole thing was a scam, but welcome to keep believing it.

thanks for the rant.

https://en.wikipedia.org/wiki/2025_European_power_outage

https://en.wikipedia.org/wiki/2003_Italy_blackout

6 hours ago, rough diamond said:

You mean those lovely eco friendly batteries do you?

🤣

He may well mean that. non-toxic Iron oxide batteries that can't burn because they're not flammable are now a thing.

https://evolutionoftheprogress.com/iron-air-batteries/

https://en.wikipedia.org/wiki/Form_Energy

6 hours ago, SunnyinBangrak said:

Would love to know what net zero eco-nut leftists were thinking in Spain as they sat in the dark? Did any of them have a lightbulb moment? excuse the pun

It's a good thing that major blackouts have never happened with grids based on fossil fuels. Because otherwise the assumption that it was the fault of renewables would look kind of suspect.

9 minutes ago, Mike_Hunt said:

This goes both ways.  

I'm sure this means something to you.

11 minutes ago, Cameroni said:

 

Lol, no it won't. China's in much worse shape than the US.

 

https://www.bloomberg.com/news/videos/2024-02-29/what-china-s-slowdown-means-for-us-all

That was 7 months ago. A lot has changed since then.

EDIT: Correction 14 months ago. When the US economy didn't have an economically suicidal President.

34 minutes ago, jerrymahoney said:

Current headline NYTimes:

 

Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm
World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.

 

41 minutes ago, Cameroni said:

 

They tried to blow his head off. It's a dangerous job and doesn't pay well for a billionaire. Let him make a few extra bucks.

 

He likes money, who doesn't?

 

 

Here's a valid link to the article

https://archive.ph/N5e8L

1 minute ago, Trippy said:

You mean before Hunter Biden?

You mean President Hunter Biden?

7 minutes ago, SpaceKadet said:

What is World Cup? And what is Superbow? I have no idea what you're spouting about. You must be one on those Muricans speaking in some foreign dialect. Didn't you know that you're supposed to use only English on this forum?

So, you're an alien then. What kind, legal or illegal?

15 minutes ago, Cameroni said:

 

Only due to Covid  Before then he outperformed the S&P Index.

I'm sure you have evidence to back that claim up and are eager to share it.

2 minutes ago, SpaceKadet said:

And I think that he's slowly starting to realize that apart from being able to bully the weaker countries, his true opponents just ignore him. Putin is just toying with Donald, and Xi is giving him the middle finger.

 

There will be no end to the Ukraine/Russia war until Putin says so, and Xi will just bring American economy to its knees, without even exerting himself very much.

 

Goodbye America, you are no longer number one country, and soon you'll be at the bottom of the pile, technologically, economically, and socially. That is the price to pay for your corporate greed. You will no longer be the biggest military power, that role is reserved for China now, and Europe in not so distant future. Economically, other countries will dominate you, like China, Japan, and even the EU.

The reality is not your scripted TV show.... Actions have consequences (and equality opposed reactions! Newtons third law of motion)

 

I just feel sorry for the other 50% of the US citizens that did not vote for that POS. But hey, you can always emigrate, you'll be welcome in Europe, like so many famous Americans (Grandma Tina springs to mind, and some of my closest friends).

Thank you, visitor from the future. So, who is going to win the next World Cup? And the next Superbowl?

Just now, Trippy said:

All you America haters are stuck with Trump for 4 years. Nobody knows what's going to happen in the next 4 years, so quit your whining.

What's the use of knowledge, anyway? Who knows what the future will bring? Tomorrow  2+2 might equal 5.

1 minute ago, Cameroni said:

 

They tried to blow his head off. It's a dangerous job and doesn't pay well for a billionaire. Let him make a few extra bucks.

 

He likes money, who doesn't?

This is your defense of sleaziness? That it's a dangerous job?  A President is supposed to put the interests of the country first. Profiting from the office obviously raises serious questions about whose interests he's putting first. Not so long ago, such conduct would have been unthinkable.

Just now, Cameroni said:

 

From Real Estate to casinos, to bible to crypto, to social media, you got to hand it to him, he's a superb business man.

Because it takes a superb businessman to trade on the office of the Presidency. What it really takes is shamelessness.

25 minutes ago, Cameroni said:

There was an unusual shock to the bond market when Germany announced it would embark on a massive debt programme to finance rearmament. That set off the higher yields for Bonds. The tariffs added uncertainty in global trade. It has nothing to do with problem with the  US economy itself. The US economy is the strongest and richest in the world. Safe as houses.

 German bunds offer lower interest rates than do US bonds. A lot lower. Tariffs usually lower the rate of the currency of the country imposing them This time not. You can repeat your mantra over and over again about the US economy but that doesn't mean it isn't on the decline.

1 minute ago, Cameroni said:

 

Not at all, the price is just higher because of a little nervousness due to tariffs. But the underlying strength of the US economy is sound und reliable.

No. Usually when investors cash out of stocks, t bills fall because they want to park them somewhere safe.

In addition, when countries impose tariffs their currency tends to rise in value in the short term. If the currency rises in value that means the T bills become more valuable and therefore the interest rate on them falls.

4 minutes ago, Yagoda said:

Do the Houthis consider the USA a laughingstock?

Actually China might be laughing since the US is withdrawing resources from the Asia Pacific in order to attack the Houthis.

3 minutes ago, Cameroni said:

 

If you read that article it's just a pricing issue, nothing to do with the US economy being on shaky grounds.

 

"It’s not as if investors are fleeing Treasuries wholesale. JPMorgan Asset Management sees them as a better bet than European government bonds. And this month’s 30-year Treasury auction showed that there’s appetite for the maturity — at the right price. The result allayed fears of a buyers’ strike, and long-bond yields have eased back from their recent peak."

 

 

I've seen the US made maglite and the Chinese torch. The US maglite is more expensive, but a far higher quality product too.

If the Treasury Dept has to offer higher yields, that means US bonds are on shaky grounds. And I notice you don't have an answer as to why bond rates went up as investors cash out of stocks.