13 hours ago, pattayasan said:

 

The House committee is a Republican outfit.

Again, prove you either know nothing, or you are deliberately posting falsehoods. or both. At least 15 democrats on the committee. Is it your position that they so spinless would be silent while they leadership was publishing falsehoods? 

 

Members | About | The U.S. House Committee on the Budget - House Budget Committee

 

 

6 hours ago, RetiredNavy71 said:

You know I've noticed that too.  It seems that most of the idiots that you're referring to are high school dropouts or something similar 

You are unable to state your position or make a coherent argument, call out people for their spelling. 

Look at the dollar vs Baht. The dollar went up exactly the same day as the election was called. It is up approximately 1.5 baht. My retirement funds jumped at the same time after not performing to well the last four years. Investments and stocks always out perform under a republican president . Under Biden and Obama I was lucky to get a return of 4 or 5 %. Under Trump's last 4 years I was making 9 to 16 % depending on the fund. My property/farm value decreased under Biden by 400,000 dollars.. There is absolutely no confidence in the American economy under a Democratic  president.  That has been proven time after time. 

16 hours ago, pattayasan said:

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock."

 

In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact opposite of what voters believed they would be getting.

 

And yet, Trump’s economic program, as far as we can tell, is the most inflationary program, probably, that any American president has ever tried to implement."

 

https://www.rawstory.com/trump-inflation-really-rude-shock/

 

And now...sports news.

13 hours ago, nauseus said:

The United States remained a net crude oil importer in 2022, importing about 6.28 million b/d of crude oil and exporting about 3.58 million b/d. Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. later exports. Also, some of imported petroleum may be stored and later exported.

 

https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php

 

Yes, the USA imports oil, but it is refined and then sold to third parties at a profit, and is not needed by the USA. The Strategic Reserve is not intended to cover the interruption of these imports. That is not the mandate to the Reserve.

How many times do you need to be told that the USA has been energy self sufficient for several years?

 

The Canadian oil & gas  industry is foreign dominated with the result that a large portion of Canada's oil production is sent to the US for refining. The US buys cheap oil and then sells an expensive product back to Canadians. This allows the USA to exploit Canadian resources. All of that exported oil is sold going back to Canada at an inflated price.  The foreign oil owned interests have acted to prevent the  construction of new refineries in Canada for decades. 

 

 

 

 

6 minutes ago, Patong2021 said:

 

Yes, the USA imports oil, but it is refined and then sold to third parties at a profit, and is not needed by the USA. The Strategic Reserve is not intended to cover the interruption of these imports. That is not the mandate to the Reserve.

How many times do you need to be told that the USA has been energy self sufficient for several years?

 

The Canadian oil & gas  industry is foreign dominated with the result that a large portion of Canada's oil production is sent to the US for refining. The US buys cheap oil and then sells an expensive product back to Canadians. This allows the USA to exploit Canadian resources. All of that exported oil is sold going back to Canada at an inflated price.  The foreign oil owned interests have acted to prevent the  construction of new refineries in Canada for decades. 

 

 

 

 

How many oil refineries does the government own? 

 

Why did Biden cancel the Keystone XL pipeline? 

59 minutes ago, Patong2021 said:

 

Yes, the USA imports oil, but it is refined and then sold to third parties at a profit, and is not needed by the USA. The Strategic Reserve is not intended to cover the interruption of these imports. That is not the mandate to the Reserve.

How many times do you need to be told that the USA has been energy self sufficient for several years?

 

The Canadian oil & gas  industry is foreign dominated with the result that a large portion of Canada's oil production is sent to the US for refining. The US buys cheap oil and then sells an expensive product back to Canadians. This allows the USA to exploit Canadian resources. All of that exported oil is sold going back to Canada at an inflated price.  The foreign oil owned interests have acted to prevent the  construction of new refineries in Canada for decades. 

 

 

 

 

 

Perhaps Canada needs new leadership too then?

8 hours ago, Yellowtail said:

How many oil refineries does the government own? 

 

Why did Biden cancel the Keystone XL pipeline? 

Biden maintained the Obama administration position on the pipeline. The pipeline went through environmentally sensitive regions of Montana, South Dakota and Nebraska.  A wide coalition of residents were opposed to the pipeline because of the disruption and dangers posed to the water supplies of ranchers, farmers and small towns. Unfortunately, the Canadian pipelines have a bad history of leaks and spills. There is a serious problem of  chemical contamination around the oilsands.  A large portion of the Canadian financed pipeline would have passed through First Nation/Native lands, over which these people who have sovereignty were mostly opposed.  The pipeline would not have benefited US supplies because it was destined to refineries and then for export.

 

I support a pipeline, and am of the view that Canada should have built a refinery in Canada and expanded its pipeline in Canada. Unfortunately, its natives and the province of British Columbia were opposed. I am forever amazed by the double standard of Canadians. They all complain about the cost of gas and are forever going on a holier than thou lecture about environmental responsibility, yet they are big consumers of cheap gasoline and are ok with importing tankers of petroleum from  despotic regimes with nary a concern for oil spills and leaks in the oceans or of the environmental cost of extracting and refining overseas in lands where environmental controls are ignored.

 

On 11/13/2024 at 1:27 PM, blazes said:

 

Oh dear, you are inviting me to become the nit-picking Nazi that we all have within us (especially on this forum), but never one to resist a challenge, may I, with your permission, point out that if that was not the first time you misspelled "ludicrous", you must, logically, have misspelled it on at least 2 occasions, n'est-ce pas?

As far as I am concerned, more than once comes under the rubric of "numerous."

Sorry if it's confusing....

What a silly little attempt to justify your flawed interpretation of my words.

You didn't need an invitation to become a nit-picking Nazi, you did that all by yourself.

Despite studying French for numerous years in school, I have never found it necessary to attempt self-aggrandizement by its use in this English-speaking forum.

On 11/13/2024 at 1:12 PM, XB12X said:

 

Identitarian? You are talking nonsense. And who are the extreme right?

I repeat, you should try research.

13 hours ago, Patong2021 said:

Biden maintained the Obama administration position on the pipeline. The pipeline went through environmentally sensitive regions of Montana, South Dakota and Nebraska.  A wide coalition of residents were opposed to the pipeline because of the disruption and dangers posed to the water supplies of ranchers, farmers and small towns. Unfortunately, the Canadian pipelines have a bad history of leaks and spills. There is a serious problem of  chemical contamination around the oilsands.  A large portion of the Canadian financed pipeline would have passed through First Nation/Native lands, over which these people who have sovereignty were mostly opposed.  The pipeline would not have benefited US supplies because it was destined to refineries and then for export.

 

I support a pipeline, and am of the view that Canada should have built a refinery in Canada and expanded its pipeline in Canada. Unfortunately, its natives and the province of British Columbia were opposed. I am forever amazed by the double standard of Canadians. They all complain about the cost of gas and are forever going on a holier than thou lecture about environmental responsibility, yet they are big consumers of cheap gasoline and are ok with importing tankers of petroleum from  despotic regimes with nary a concern for oil spills and leaks in the oceans or of the environmental cost of extracting and refining overseas in lands where environmental controls are ignored.

 

 

13 hours ago, Patong2021 said:

Biden maintained the Obama administration position on the pipeline. The pipeline went through environmentally sensitive regions of Montana, South Dakota and Nebraska.  A wide coalition of residents were opposed to the pipeline because of the disruption and dangers posed to the water supplies of ranchers, farmers and small towns. Unfortunately, the Canadian pipelines have a bad history of leaks and spills. There is a serious problem of  chemical contamination around the oilsands.  A large portion of the Canadian financed pipeline would have passed through First Nation/Native lands, over which these people who have sovereignty were mostly opposed.  The pipeline would not have benefited US supplies because it was destined to refineries and then for export.

 

I support a pipeline, and am of the view that Canada should have built a refinery in Canada and expanded its pipeline in Canada. Unfortunately, its natives and the province of British Columbia were opposed. I am forever amazed by the double standard of Canadians. They all complain about the cost of gas and are forever going on a holier than thou lecture about environmental responsibility, yet they are big consumers of cheap gasoline and are ok with importing tankers of petroleum from  despotic regimes with nary a concern for oil spills and leaks in the oceans or of the environmental cost of extracting and refining overseas in lands where environmental controls are ignored.

 

How many oil refineries does the United States government own? 

3 hours ago, Old Croc said:

What a silly little attempt to justify your flawed interpretation of my words.

You didn't need an invitation to become a nit-picking Nazi, you did that all by yourself.

Despite studying French for numerous years in school, I have never found it necessary to attempt self-aggrandizement by its use in this English-speaking forum.

 

Give it a rest, old croc.  You fail to see how your words are full of "self-aggrandizement".   Is there anyone on this forum who would consider the reading of your limited vocabulary an act of "interpretation"!!!?

 

Nevertheless, I would be minimally interested in reading any explanation you cared  to offer about why you so completely lack a sense of humour. Something went awry in childhood perhaps?

On 11/12/2024 at 4:33 AM, jerrymahoney said:

What Donald Trump’s Win Means For Inflation 

 

November 11, 2024 3:08 PM EST  Donald Trump may have won the presidency partly because voters were fed up with inflation. But if he enacts many of the policies he proposed on the campaign trail, voters may see prices continue to rise, according to economists, analysts, and business owners.

 

“There’s a lot of inflationary pressure in his promises,” says Simon Johnson, one of the 2024 winners of the Nobel Prize in Economics and a professor at MIT’s Sloan School of Business.

 

Put together, economists say his proposals could drive up the costs of apparel, toys, appliances, and food.

 

https://time.com/7175083/donald-trump-presidency-inflation/

 

Less money printed for government spending = lower inflation
Less demand for housing from 10 million illegals = lower inflation
Less demand for food and other goods from 10 million illegals = lower inflation

Less demand on hospitals from 10 million uninsured illegals = lower inflation

Less road accidents from the 10 million uninsured illegals = lower insurance prices/lower inflation

Less crime after deporting 10 million illegals - less rapes, lower demand on hospitals, lower demand on prisons, fewer insurance claims = lower inflation

 

Tell me about higher inflation again?

2 minutes ago, pedro01 said:

 

Less money printed for government spending = lower inflation
Less demand for housing from 10 million illegals = lower inflation
Less demand for food and other goods from 10 million illegals = lower inflation

Less demand on hospitals from 10 million uninsured illegals = lower inflation

Less road accidents from the 10 million uninsured illegals = lower insurance prices/lower inflation

Less crime after deporting 10 million illegals - less rapes, lower demand on hospitals, lower demand on prisons, fewer insurance claims = lower inflation

 

Tell me about higher inflation again?

But but but the experts say....

3 minutes ago, pedro01 said:

 

Less money printed for government spending = lower inflation
Less demand for housing from 10 million illegals = lower inflation
Less demand for food and other goods from 10 million illegals = lower inflation

Less demand on hospitals from 10 million uninsured illegals = lower inflation

Less road accidents from the 10 million uninsured illegals = lower insurance prices/lower inflation

Less crime after deporting 10 million illegals - less rapes, lower demand on hospitals, lower demand on prisons, fewer insurance claims = lower inflation

 

Tell me about higher inflation again?

 

Capitalists say no. Dollar and 10year yields rocketing since Trump was elected. Big Bucks thinks he will bring inflation.

5 minutes ago, pattayasan said:

 

Capitalists say no. Dollar and 10year yields rocketing since Trump was elected. Big Bucks thinks he will bring inflation.

How does a strong dollar cause inflation? 

15 minutes ago, Yellowtail said:

How does a strong dollar cause inflation? 

 

The dollar goes up because interest rates go up (unless there's a war when it goes up anyway). Interest rates go up because of of a need to calm inflation. The expectation of future inflation often causes these to rise as well.

9 minutes ago, pattayasan said:

 

The dollar goes up because interest rates go up (unless there's a war when it goes up anyway). Interest rates go up because of of a need to calm inflation. The expectation of future inflation often causes these to rise as well.

I thought you said the dollar got stronger because Trump was elected. 

 

How does a strong US dollar cause inflation in the United States? 

 

 

9 hours ago, Yellowtail said:

 

How many oil refineries does the United States government own? 

 

None.There is no need  to own and operate an oil refinery. The federal government does exert an indirect control through regulation. The US Federal Government also has the right to take full control of any industry under  provisions of  various statutes  such as the National Emergency Act.  You already know this. What's your point?

 

The US oil industry is controlled by  US companies, This is different from many other countries who are still subject to predatory economic colonialism. It is seen in Africa and in Canada. European oil interests such as the French, Dutch, and Italians put the USA to shame with their ruthlessness.  And now, China is quickly moving in on the crown of evil.

On 11/14/2024 at 10:58 AM, Patong2021 said:

Biden maintained the Obama administration position on the pipeline. The pipeline went through environmentally sensitive regions of Montana, South Dakota and Nebraska.  A wide coalition of residents were opposed to the pipeline because of the disruption and dangers posed to the water supplies of ranchers, farmers and small towns. Unfortunately, the Canadian pipelines have a bad history of leaks and spills. There is a serious problem of  chemical contamination around the oilsands.  A large portion of the Canadian financed pipeline would have passed through First Nation/Native lands, over which these people who have sovereignty were mostly opposed.  The pipeline would not have benefited US supplies because it was destined to refineries and then for export.

 

I support a pipeline, and am of the view that Canada should have built a refinery in Canada and expanded its pipeline in Canada. Unfortunately, its natives and the province of British Columbia were opposed. I am forever amazed by the double standard of Canadians. They all complain about the cost of gas and are forever going on a holier than thou lecture about environmental responsibility, yet they are big consumers of cheap gasoline and are ok with importing tankers of petroleum from  despotic regimes with nary a concern for oil spills and leaks in the oceans or of the environmental cost of extracting and refining overseas in lands where environmental controls are ignored.

 

 

The U.S. portion of the Keystone Pipeline included 1,744 kilometres (1,084 mi) of new, 30-inch-diameter (760 mm) pipeline in North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Illinois. The pipeline has a minimum ground cover of 4 feet (1.2 m).

 

 

Not that it matters

10 hours ago, Yellowtail said:

I thought you said the dollar got stronger because Trump was elected. 

 

How does a strong US dollar cause inflation in the United States? 

 

 

 

I have explained it in other threads. The stronger dollar is a product of higher rates. Higher rates are a product of higher bond yields. Higher bond yields ar ea product of higher inflation expectations. It is not opinion.

5 hours ago, pattayasan said:

 

I have explained it in other threads. The stronger dollar is a product of higher rates. Higher rates are a product of higher bond yields. Higher bond yields ar ea product of higher inflation expectations. It is not opinion.

You have not explained anything. You claimed a stronger dollar drove inflation up. 

 

 

How does a strong US dollar cause inflation in the United States? 

Just now, Yellowtail said:

You have not explained anything. You claimed a stronger dollar drove inflation up. 

 

 

How does a strong US dollar cause inflation in the United States? 

 

It doesn't cause inflation. It's a result of higher interest rates being used to quell inflation. You mob just don't want to acknowledge that Trump's election has literally thrown rates out of control.

 

https://finance.yahoo.com/quote/^TNX/

2 minutes ago, pattayasan said:

 

It doesn't cause inflation. It's a result of higher interest rates being used to quell inflation. You mob just don't want to acknowledge that Trump's election has literally thrown rates out of control.

 

https://finance.yahoo.com/quote/^TNX/

So you were lying when you said it did, thanks. 

Just now, Yellowtail said:

So you were lying when you said it did, thanks. 

 

LOL, I never said it did. Show me. Why is this so hard for the followers of the next messiah to get the fact that the markets are predicting future inflation. If the US 10 year reverses course and goes back down below 4% I would concede that it isn't predicting inflation but right now, don't be looking for a mortgage. Call up your real estate agent and ask why rates are sky rocketing. .

1 minute ago, pattayasan said:

 

LOL, I never said it did. Show me. Why is this so hard for the followers of the next messiah to get the fact that the markets are predicting future inflation. If the US 10 year reverses course and goes back down below 4% I would concede that it isn't predicting inflation but right now, don't be looking for a mortgage. Call up your real estate agent and ask why rates are sky rocketing. .

LOL

There is this basic concept that many fail to grasp.  The majority of US Americans voted for Trump as the  President elect..

Thus the majority of the US Americans must want change within their political arena.   Granted, the non-silent minority are very unhappy with the decision of the majority, however, the majority of the US American votes is how their political system works.  Moreover, there is an option whereas those that are not US Americans and are unhappy with the system can immigrate thus becoming a citizen and vote in the US American elections.

 

Many of the pissers and moaners here  are not US American citizens, but  indirectly benefit from the USA.   They feel they must dictate how the USA political structure should operate, but fail to do more than "mouth-off".    Much like a group of Soi dogs hiding behind bushes and barking.   Those that want to change the system have to opportunity to immigrate under the current legal system and contribute to any change.   The US American's constitution allows this given specific conditions.

I have done just that. Im a dual passport holder and have lived in both of my Passport Countries.  If I was required to drop one of the citizenships and the associated Passports, it would not be the USA passport.

 

So when I'm on my bike and I ride by a group of howling Soi dogs hiding behind bushes, I just ignore them and accept that are basically unhappy with their existence and would rather howl then then chase me.

The next 4 years will be a roller coaster ride. Trump’s mission has little to do with making America great again and his tenure in office will focus entirely on what he can do to benefit himself and his cronies to enable them to control power for the next xxx years. Putin is his role model for his ambitions and no doubt will be his mentor. The Russian model is a central strongman who surrounds himself with a plethora of oligarchs who are allowed to do anything as long as they remain loyal. This is how Trump’s return to power is going to affect the future of all Americans. There will be more losers than winners by a substantial margin. Look at Russia now and see the future. 
Good luck. 

Once a roller coaster clears the pull-up chain, they only depend on gravity to going. The more people that are on it, the faster it goes and the harder it is to stop. 

 

Roller coasters are also fun, exhilarating and safe, as long as you don't jump out or get in the way. 

 

 

38 minutes ago, Zack61 said:

The next 4 years will be a roller coaster ride. Trump’s mission has little to do with making America great again and his tenure in office will focus entirely on what he can do to benefit himself and his cronies to enable them to control power for the next xxx years. Putin is his role model for his ambitions and no doubt will be his mentor. The Russian model is a central strongman who surrounds himself with a plethora of oligarchs who are allowed to do anything as long as they remain loyal. This is how Trump’s return to power is going to affect the future of all Americans. There will be more losers than winners by a substantial margin. Look at Russia now and see the future. 
Good luck. 

 

Talking through your hat. 555