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qman
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The Ecstatic said:
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Morel Guy said: Whats wealth got to do with leadership?
Pablo escobar was rich, look what he lead.
Trump was given $200 million. I say he's a trust fund faggot.
Trump's rich daddy gave him a leg up on life, why do you think Webster identifies with him so much?
Some cultures place a huge emphasis on passing on wealth to their children, others don't.
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qman
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howsyournaggerdoin said: I know exactly what you mean but it still doesnt add any validity to your point
Passing on wealth to one's offspring is a good thing, why do you pass judgment on it? Jealous"?
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qman
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Re: Trump calls CNN fake news [Re: Morel Guy]
#24014142 - 01/16/17 09:35 AM (7 years, 13 days ago) |
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Morel Guy said: I had a landlord that was a total miser. Drove a truck that didn't even have a matching door. The building I lived in sold for $250,00 and is one of the nicest buildings in town. Fixed up to be high end dinning and apartments. One of our neighbors did some computer work for him. Turns out the landlord was worth millions. Made a fortune in the stock market. Made lot's of money investing in airliners after 911 when the prices went down. Sold when they went back up.
He didn't leave anything to his kids. Said they would have to earn their own way. His wife was still working as a cashier at a grocery after he died.
Trump's going to be just like that with America. Total miser like all conservative fuck bags.
Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014198 - 01/16/17 09:59 AM (7 years, 13 days ago) |
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KauaiOrca said:
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qman said:
Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?
Specifically, how did Obama create this? What were his policies and decisions that generated this increasing wealth inequality. I think he contributed to it somewhat, but do you truly think the President is capable of creating this kind of situation, that takes decades to set up, in his term?
You're absolutely correct, he basically inherited a system which created this outcome. I really don't blame Obama for anything, he never had the power to govern in the first place.
With that being said, it's quite clear that the Federal Reserves policy of QE pushed the inequality into overdrive, it's all going to blow up at some point, but these people don't think long term with their greed.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014220 - 01/16/17 10:10 AM (7 years, 13 days ago) |
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It's not sustainable and it will end badly. It's a matter of when, not if.
My guess is that it will occur on Trump's watch, a nice present for him to get blamed for, he might have regrets about this whole President thing at some point.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014337 - 01/16/17 11:01 AM (7 years, 13 days ago) |
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KauaiOrca said:
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qman said: It's not sustainable and it will end badly. It's a matter of when, not if.
My guess is that it will occur on Trump's watch, a nice present for him to get blamed for, he might have regrets about this whole President thing at some point.
I'm not convinced it will end badly. We are on the verge of the biggest technology surge in human history. The age of genetic engineering is just beginning and it will change everything. Add to that nano manufacturing and there are so many game changing possibilities to re-think energy, resources and capabilities of living creatures.
As Jason Silva put it, we are soon becoming "Homo-Evolutus" ... meaning millions of humans will be born with the intelligence of Einstein, the physical skills of Michael Jordan, the motivation and innovation of Steve Jobs, and the disease resistance of the centurions...
It is tempting, as every generation has predicted, to believe the end is near but it isn't. What's coming to an end is the scarcity of resources era. That's what's going to change as we literally learn to turn dirt into energy. We're just beginning to get it.
I don't think a readjustment of asset prices is a "end of the world" scenario, but there's implications that come with it.
In fact, I think it will ultimately be very healthy to clean out the system in the long term. We are at a point where growth is being constrained because of these imbalances, I expect nature to clean up the mess at some point.
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qman
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Quote:
The Ecstatic said:
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qman said:
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howsyournaggerdoin said: I know exactly what you mean but it still doesnt add any validity to your point
Passing on wealth to one's offspring is a good thing, why do you pass judgment on it? Jealous"?
I love that if you're poor and criticize trust fund billionaires you're jealous. If you're rich and you do it, you're a hypocrite.
Why should anyone be criticized for inheriting wealth?
They can be criticized for what they do with it after the fact, that's fair game in my opinion.
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qman
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Re: Trump calls CNN fake news [Re: Morel Guy]
#24014407 - 01/16/17 11:27 AM (7 years, 13 days ago) |
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Morel Guy said:
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qman said:
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Morel Guy said: I had a landlord that was a total miser. Drove a truck that didn't even have a matching door. The building I lived in sold for $250,00 and is one of the nicest buildings in town. Fixed up to be high end dinning and apartments. One of our neighbors did some computer work for him. Turns out the landlord was worth millions. Made a fortune in the stock market. Made lot's of money investing in airliners after 911 when the prices went down. Sold when they went back up.
He didn't leave anything to his kids. Said they would have to earn their own way. His wife was still working as a cashier at a grocery after he died.
Trump's going to be just like that with America. Total miser like all conservative fuck bags.
Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?
Proof Obama did this?
https://thinkprogress.org/wealth-inequality-is-now-as-bad-as-it-was-during-the-1920s-7ec5cebcfc3#.y90w76jmn
It was under his watch, what did he do to stop it? Not a word.
And your main concern is Trump doing what has already been done.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014557 - 01/16/17 12:29 PM (7 years, 12 days ago) |
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KauaiOrca said:
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qman said:
It was under his watch, what did he do to stop it? Not a word.
And your main concern is Trump doing what has already been done. 
Two steps that he did take that he obviously felt were addressing this were getting ObamaCare passed and phasing out the Bush tax cuts for the wealthy.
We could argue all day whether these steps were helpful or not, but I do think, in Obama's mind, he thought these were ways of reacting to the growing wealth gap.
I heard an interview a few years ago with David Stockman that had a conversation with Obama and Biden and he was stunned at how little they understood about economics, how the markets work, etc. I think that's probably true as Obama is much more centered around what he sees as social justice than job creation.
I don't think Obama gives two shits about wealth inequality, calling the boys on Wall Street "fat cats" every six months really doesn't cut it. He was already bought and paid for, he served their purpose very well.
I agree with Stockman, Obama never cared to learn about economics, such an embarrassment.
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qman
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Quote:
The Ecstatic said:
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KauaiOrca said:
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The Ecstatic said: Good points.
It seems to me that Obama saw his election as a mandate for social justice. The economics fell by the wayside, and we see what happens when you ignore such a glaring issue for a decade.
The real question is what is Trump's plan for inequality? He wants to kick 30 million people off their health insurance, and then tax them so he can build a wall which will accomplish zero of its intended goals.
Honestly, whats his plan for this? Is there one? Some vague infrastructure plan?
Being totally honest, I can't stand Trump and find him personally repulsive. Having said that, I don't think he truly wants to kick everyone off their health insurance. I think he really believes that he can single handedly negotiate better prices and bring the overall cost down. Trump IS NOT a big corporation kind of guy. He's more of a small FAMILY BUSINESS kind of person. He has always kept his company privately owned and has been critical of people that make money off of money. He's a builder ... He makes stuff ... real stuff and the stock / debt game is not really his schtick. I think, deep down, he believes the publicly traded corporate game is a big scam and although he can't say it, he thinks he's smarter than they are.
He wants to BUILD STUFF and put a lot of people to work doing it. I think he's a lot more like Ike than any other President in terms of his thinking and goals.
Obviously, not in temperment.
Truth be told, I'm much more wary of an emboldened GOP legislature than I am Trump. Its been my concern from day one. Its why I argued for the complete shithead of a person Hillary during the general. The country is much better served under a Democratic Congress and Senate. That won't be a reality until 2020 at the very least, barring some complete GOP meltdown. But yeah, I'm not too worried about Trump himself. Dog whistle rhetoric aside, he's a pretty liberal GOP president-elect.
I fail to see much of a difference between a R or D Congressman, both are bought and paid for by similar interests.
Trump has a much opposition from the R's today as the D's, the Ryan's, McCain's and McConnell's of the world piss on every idea Trump has proposed.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014875 - 01/16/17 02:15 PM (7 years, 12 days ago) |
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They have specifically responded negatively to his ideas on trade, tariffs, tax cuts and infrastructure spending, it had nothing to do with his immature behavior.
What people don't understand is that Congress and the people in power do NOT want real economic growth, they want low growth with no inflation.
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qman
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Quote:
Falcon91Wolvrn03 said:
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qman said: What people don't understand is that Congress and the people in power do NOT want real economic growth, they want low growth with no inflation.

Come on Falcon, you don't really think we ended up here economically by pure chance.
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qman
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Re: Trump calls CNN fake news [Re: Le_Canard]
#24016784 - 01/17/17 08:47 AM (7 years, 12 days ago) |
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Le_Canard said: They seem to have forgotten that a large middle class is a major driver of the economy in our consumer-driven markets.
They know all about it, but when you have $20 trillion in Federal debt, $ 6 trillion in corporate debt, $5 trillion of State debt and $4 trillion of municipal debt, even a slight move higher in growth and inflation will make the ultra low rates to move higher, that will destroy trillions in the value of debt.
If interest rates move higher, the interest payments on the debt become unmanageable.
The US is trapped in a debt box, the rich own the debt and do NOT want to see it lose purchasing power, that's why they don't want to see real economic growth, they prefer this 1-2% growth with 0-1% inflation.
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qman
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Re: Trump calls CNN fake news [Re: Psychonott]
#24016806 - 01/17/17 08:57 AM (7 years, 12 days ago) |
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Psychonott said: They can hoard their purchasing power but soon that will be worthless as the worker bees get restless and organized.
This is very true, it works until the peasants refuse to take it anymore or if they're forced to change economic policies.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016825 - 01/17/17 09:09 AM (7 years, 12 days ago) |
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The people engineering it all have similar interests, policymakers don't want to see higher interest payments which would limit how much could be spent elsewhere in the government (military, medicare, ect).
Money managers, pensions funds and the very wealthy ALL own these bonds, even a small move to 6% on the long bond would destroy trillions in value and would cause most pension funds to become officially insolvent.
Would happens to other assets classes if growth, inflation and higher rates were to occur? Real estate and stocks would also get wacked down lower from these high levels.
http://www.marketwatch.com/story/trump-comments-on-too-strong-dollar-send-shivers-through-stock-market-2017-01-17
Trump just sent a message these people aren't going to like, he knows the US dollar must come down if growth is going to return.
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qman
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Re: Trump calls CNN fake news [Re: Psychonott]
#24016863 - 01/17/17 09:29 AM (7 years, 12 days ago) |
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Psychonott said: The people engineering clearly do not have similar interests
Who has authority over the federal reserve? They clearly are the power holders here
Yes, they have different interests with similar motivations.
Trump needs to have Yellen resign before her term is up in one year.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016883 - 01/17/17 09:36 AM (7 years, 12 days ago) |
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Quote:
KauaiOrca said:
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qman said: The people engineering it all have similar interests, policymakers don't want to see higher interest payments which would limit how much could be spent elsewhere in the government (military, medicare, ect).
Money managers, pensions funds and the very wealthy ALL own these bonds, even a small move to 6% on the long bond would destroy trillions in value and would cause most pension funds to become officially insolvent.
Would happens to other assets classes if growth, inflation and higher rates were to occur? Real estate and stocks would also get wacked down lower from these high levels.
http://www.marketwatch.com/story/trump-comments-on-too-strong-dollar-send-shivers-through-stock-market-2017-01-17
Trump just sent a message these people aren't going to like, he knows the US dollar must come down if growth is going to return.
Historically, rising bond prices are good for the economy. Usually signal healthier economy. Higher yields mean more interest on savings ... more money for Seniors to spend. More income from fixed income investments ... AND ... RISING stock prices.
There is no historical evidence to back up what you're saying.
Having said that, your point about rising interest rates and our ability to service our debt payment is true and clearly that is motivating a lot of the ZIRP. So I tend to think we are in uncharted waters here.
"no historical evidence to back up what you're saying"
Not for the US in recent history, but how many times do we see bond defaults, missed interest payments and then currency devaluation? All the time, PR was bailed out just last year for this very reason.
"uncharted waters here"
Without a doubt, it's really just simple math at work. Either policymakers kick it over or markets will do it, either way it's going to get resolved.
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qman
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Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016910 - 01/17/17 09:46 AM (7 years, 12 days ago) |
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KauaiOrca said:
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qman said:
Without a doubt, it's really just simple math at work. Either policymakers kick it over or markets will do it, either way it's going to get resolved.
I think we will see some kind of very creative global debt reset event in the next 2-3 years. Japan, Europe, the US and the Saudis driving it. Possibly tied to the launching of a new global currency administered by the BIS.
http://www.zerohedge.com/news/2017-01-04/global-debt-hits-325-world-gdp-rises-record-217-trillion
Yeah, we can also throw China into that group.
"reset event in the next 2-3 years"
One would think, but sometimes these things can drag on for much longer, time will tell.
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