|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Trump calls CNN fake news 1
#24000967 - 01/11/17 11:55 AM (7 years, 17 days ago) |
|
|
http://thehill.com/homenews/administration/313777-trump-berates-cnn-reporter-for-fake-news#
Anytime liars are exposed it is a good thing.
For too long has the mainstream narrative played the roles of ultra politically correct journalists and then subjectively abuse this facade for political agendas
An example would be billy bush comment with trump during the election. The media responded shocked that such words didn't it make to the air years earlier and they never heard of such talk.
When in reality trump was expressing his shock that women actually ask to be grabbed in some cases and or how famous people get away with it without any complaints from both parties.
I just hope this calling out of fake news aka the consolidated mainstream sources that all share conglomerate interests.
At least let it expose the corrupt practices of holding double standards and pretending to be ultra politically correct and using that hostile climate discriminately for political agendas
Even if it doesn't man this is undoing years of propaganda and credibility building excercises as CNN just had to defend its own credibility on air today. They are falling hard recently!
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
Edited by Psychonott (01/11/17 12:13 PM)
|
psilynut
aka Patchraper


Registered: 10/22/09
Posts: 1,244
Last seen: 6 years, 9 months
|
Re: Trump calls CNN fake news [Re: Psychonott] 2
#24001036 - 01/11/17 12:19 PM (7 years, 17 days ago) |
|
|
Do you have any evidence CNN is reporting untrue stories? Should we all just believe watever comes out of this twitter bitch's mouth ?
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: Psychonott]
#24001039 - 01/11/17 12:21 PM (7 years, 17 days ago) |
|
|
What's worse is that Republicans introduced a bill (S.2692 - Countering Information Warfare Act of 2016) that would censor any news the US Government didn't like, such as news that was critical of the US Government.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
|
THey have been doing that for years. It seems lawyers have finally pressured to make it legal to ease their concerns.
reminds me of the propaganda bill Obama signed. The mainstream media has been using propaganda on us for years but eventually they make it legal to quell legal concerns
This is so refreshing to see these liars on their heels and fully exposed for what they are. People should feel lucky on here bc these liars have to divulge their true indentities and are easier targets
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
psilynut
aka Patchraper


Registered: 10/22/09
Posts: 1,244
Last seen: 6 years, 9 months
|
Re: Trump calls CNN fake news [Re: Psychonott] 1
#24001679 - 01/11/17 04:22 PM (7 years, 17 days ago) |
|
|
Can you prove even 1 story CNN has reported is fake ?
Quote:
What's worse is that Republicans introduced a bill (S.2692 - Countering Information Warfare Act of 2016) that would censor any news the US Government didn't like, such as news that was critical of the US Government.
--------------------
You may want read the text of the law first . Any news ? Correct me if wrong but I don't think that bill gives them the power to censor our own media . It's all about countering other countries propaganda and disinformation . I didn't see anything in there about censoring anything .
https://www.congress.gov/bill/114th-congress/senate-bill/2692/text
""To counter foreign disinformation and propaganda,"
|
projectbadass
Wrangler


Registered: 12/20/16
Posts: 100
Loc: Northeast Ohio
Last seen: 2 years, 7 months
|
Re: Trump calls CNN fake news [Re: psilynut] 1
#24001685 - 01/11/17 04:28 PM (7 years, 17 days ago) |
|
|
that shit was beautiful
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
|
Quote:
psilynut said: You may want read the text of the law first . Correct me if wrong but I don't think that bill gives them the power to censor our own media . It's all about countering other countries propaganda and disinformation .
It turns out the 2017 National Defense Authorization Act (Section 1287) created a "GLOBAL ENGAGEMENT CENTER" (a.k.a. Ministry of Propoganda) with the purpose of countering foreign propaganda (news). I don't know whether or not "countering" gives them the authority to censor (maybe Enlil knows?)
It also gives the Global Engagement Center the authority to pay media content providers to print Government propaganda "to influence the policies and social and political stability of the United States". So now we won't know if we're getting real news or Government propaganda.
http://www.johnlaurits.com/2016/12/10/disinformation-bill-propaganda/
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
|
I just created a new thread to discuss the new Ministry of Propaganda.
Back on topic for this thread - as much as I dislike Trump, I agree with him for calling out media sources that provide fake news (if that is indeed the case, which the OP hasn't yet shown).
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
psilynut
aka Patchraper


Registered: 10/22/09
Posts: 1,244
Last seen: 6 years, 9 months
|
|
I would agree with him too if he had something to back up his claim , you know if he could demonstrate coherently why he thinks that . When he talks he sounds like he has a mental disorder , I imagain he's going to avoid as many tough questions as possible especially if they may make him look bad .
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: psilynut]
#24004603 - 01/12/17 03:59 PM (7 years, 16 days ago) |
|
|
CNN is garbage but the President writing off legitimate national security concerns as fake just because CNN reported on it first sets a bad precedent.
--------------------
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
|
Quote:
The Ecstatic said: CNN is garbage but the President writing off legitimate national security concerns as fake just because CNN reported on it first sets a bad precedent.
He's not writing off legitimate national security concerns. He's writing up porn fan fiction with a Russian spy twist to it that originated from 4chan.
--------------------
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: Webster10]
#24004824 - 01/12/17 05:11 PM (7 years, 16 days ago) |
|
|
Freudian slip?
--------------------
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: Webster10]
#24005026 - 01/12/17 06:09 PM (7 years, 16 days ago) |
|
|
Quote:
The Ecstatic said: Freudian slip?
Yes
Quote:
Webster10 said:
Quote:
The Ecstatic said: CNN is garbage but the President writing off legitimate national security concerns as fake just because CNN reported on it first sets a bad precedent.
He's not writing off legitimate national security concerns. He's writing upoff porn fan fiction with a Russian spy twist to it that originated from 4chan.
--------------------
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: Webster10]
#24006889 - 01/13/17 11:23 AM (7 years, 15 days ago) |
|
|
Wouldnt surprise me at all if the story is fabricated, and I would expect any politician to deny their truthfulness, regardless.
But Trump's word choice gets him into trouble.
"These are entirely unproven allegations which I vehemently deny," is a lot more convincing and presidential than "nope. Fake news."
--------------------
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
|
So glad the facade that the mainstream media wields is being called for what it is, FAKE!
They act as if they are the moral compass for our society but discriminately alter these beliefs for political agendas when necessary.
It's a double standard facade and glad it's being exposed for what it is because they never truly cared about feelings or hate speech only directing our life's and environments
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
psilynut
aka Patchraper


Registered: 10/22/09
Posts: 1,244
Last seen: 6 years, 9 months
|
Re: Trump calls CNN fake news [Re: Psychonott] 1
#24007043 - 01/13/17 12:27 PM (7 years, 15 days ago) |
|
|
Yeaaah , cause it would be fucked if the guy who claimed , for years , on every news outlet that would have him , that our first black president wasn't a US a citizen without any evidence to to back it up , had shit made up about him now he's president . Yep wouldn't want that .
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
Re: Trump calls CNN fake news [Re: psilynut]
#24007795 - 01/13/17 05:03 PM (7 years, 15 days ago) |
|
|
Trump is a cock sucking faggot that enjoys ass to mouth. As goes for the rest of the marry faggot cabinet.
CNN fails to report much at all. Sure as my dick is long, CNN is better than spin this story known as FOX faggot news.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
hostileuniverse
Stranger



Registered: 05/14/15
Posts: 8,602
Loc: 'Merica
Last seen: 6 years, 7 months
|
Re: Trump calls CNN fake news [Re: Morel Guy]
#24008683 - 01/14/17 01:43 AM (7 years, 14 days ago) |
|
|
CNN pushes fake news and libs go crazy defending them, it's so beautiful watching them expose how idiologically blind they are
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: Morel Guy]
#24008942 - 01/14/17 06:09 AM (7 years, 14 days ago) |
|
|
Quote:
Morel Guy said: Trump is a cock sucking faggot that enjoys ass to mouth. As goes for the rest of the marry faggot cabinet.
CNN fails to report much at all. Sure as my dick is long, CNN is better than spin this story known as FOX faggot news.
.morel guy being a complete homophobe. BIgot
--------------------
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
Re: Trump calls CNN fake news [Re: Webster10]
#24009023 - 01/14/17 07:14 AM (7 years, 14 days ago) |
|
|
Not a phobia a fact. Never met a gay male that inspired me or otherwise thought was a good person.
Seriously though. If Trump was a manager at McDonalds making $24,000 a year would you still shove your nose up his ass? I don't think so, I think your in love with his wealth. Just like his KGB bug hiding whore of a wife.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: Morel Guy]
#24010553 - 01/14/17 07:09 PM (7 years, 14 days ago) |
|
|
Lmao you're delusional, man.
--------------------
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
Re: Trump calls CNN fake news [Re: Webster10]
#24011299 - 01/15/17 05:10 AM (7 years, 13 days ago) |
|
|
No I'm not. I just don't brown nose a guy who's obviously an asshole. I don't find that Trump is leadership material. I don't see how he's going to last 8 years. He can't bullshit his way out of real world problems.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: Morel Guy] 1
#24011460 - 01/15/17 08:09 AM (7 years, 13 days ago) |
|
|
I'm sorry but you just sound clueless
--------------------
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
Re: Trump calls CNN fake news [Re: Webster10]
#24011470 - 01/15/17 08:18 AM (7 years, 13 days ago) |
|
|
Sound? You hearing things?
I'm not deluded to be at any politicians glory hole. I have never heard of any political theory that's ideal. I'm not deluded like others that think bad vibes equal solutions.
Trump is a tool for inbred retards.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
hostileuniverse
Stranger



Registered: 05/14/15
Posts: 8,602
Loc: 'Merica
Last seen: 6 years, 7 months
|
Re: Trump calls CNN fake news [Re: Webster10] 1
#24012913 - 01/15/17 07:24 PM (7 years, 13 days ago) |
|
|
Quote:
Webster10 said: I'm sorry but you just sound clueless 
Of course he is
Obviously, anyone who runs multi billion dollar businesses can't be a leader, obviously 
Keep melting More, your tears are delicious
|
sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
|
|
I heard the other day if Trump had just taken his inheritance money and put it in a bank (the trust fund he got from his dad) he'd actually have more money than he does now after starting huge business "empires". He's also gone bankrupt atleast once.
Seems to me he's really not as successful as a lot of you Trump lover's believe.
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: sh4d0ws] 1
#24013784 - 01/16/17 04:54 AM (7 years, 12 days ago) |
|
|

He's the wealthiest US president ever. Keep talking about success.
--------------------
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: Webster10]
#24013789 - 01/16/17 05:12 AM (7 years, 12 days ago) |
|
|
It's not that all stories from CNN are "fake news" it's just that CNN has such a strong liberal bias that they slant stories and highlight analysts that are pushing a very consistent narrative of open borders, multi-culturalism, endless blame and victim-ism and they are EAGER to post stories, some unsubstantiated, that are critical of Trump.
And, Trump creates a lot of his own problems. He has the emotional maturity of a 14 year old boy in the middle of a raging hormone episode.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: sh4d0ws]
#24013792 - 01/16/17 05:15 AM (7 years, 12 days ago) |
|
|
Quote:
sh4d0ws said: I heard the other day if Trump had just taken his inheritance money and put it in a bank (the trust fund he got from his dad) he'd actually have more money than he does now after starting huge business "empires". He's also gone bankrupt atleast once.
Seems to me he's really not as successful as a lot of you Trump lover's believe.
That's not really true. Consider all the jobs, paychecks and careers that have been created because of his businesses ... all the mortgage payments and kids sent to college. Money sitting in an investment account doesn't do that ... it's just electro digits in a computer.
Trump's businesses have created a lot of wealth for himself and others over the years and there's no way in hell his money sitting in an investment account would have spun off the kind of income he has generated for himself and his family.
That story is 100% dishonest.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
|
Re: Trump calls CNN fake news [Re: Webster10]
#24013804 - 01/16/17 05:49 AM (7 years, 12 days ago) |
|
|
He didnt earn his wealth tho.
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
|
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.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014003 - 01/16/17 08:25 AM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said: It's not that all stories from CNN are "fake news" it's just that CNN has such a strong liberal bias that they slant stories and highlight analysts that are pushing a very consistent narrative of open borders, multi-culturalism, endless blame and victim-ism and they are EAGER to post stories, some unsubstantiated, that are critical of Trump.
And, Trump creates a lot of his own problems. He has the emotional maturity of a 14 year old boy in the middle of a raging hormone episode.
Fair enough, but I'd like to point out that you saying he's emotionally immature is yet another bogus talking point used by liberal-leaning establishment media to push their narrative.
--------------------
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
|
Quote:
howsyournaggerdoin said: He didnt earn his wealth tho.
Trump did more to earn his wealth than obama did to earn the presidency or Clinton did to earn the nomination.
--------------------
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: Morel Guy] 2
#24014011 - 01/16/17 08:29 AM (7 years, 12 days ago) |
|
|
Quote:
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?
--------------------
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: Webster10] 1
#24014023 - 01/16/17 08:34 AM (7 years, 12 days ago) |
|
|
Quote:
Webster10 said: Fair enough, but I'd like to point out that you saying he's emotionally immature is yet another bogus talking point used by liberal-leaning establishment media to push their narrative.
I don't listen to liberal leaning media so I can't say. I simply am talking from my experience of seeing Trump interact politically over the last 18 months. He way overacts to small criticism, he's overly aggressive when he doesn't need to be and he uses language that, frankly, isn't a good fit for a President.
He displays all kinds of traits of emotionally immature people. And I have no doubt at all that he has strong executive chops as they're applied to real estate development and promotion. He seems to constantly make up facts to suit his narrative, I suspect because as President of a tightly owned company for decades, he could operate that way because he'd simply fire you if you challenged him.
In the public square, he's being called out constantly for his creative fact production and it's obvious he makes a lot of it up on the spot.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
|
Re: Trump calls CNN fake news [Re: Webster10]
#24014026 - 01/16/17 08:36 AM (7 years, 12 days ago) |
|
|
lol no
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
|
Quote:
The Ecstatic said:
Quote:
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?
Because we both understand it's possible to acheive great things without starting rich and because scum with a victim mentality try to deligitamize our achievements because it makes them feel better to say "you're only that way cause you grew up rich."
Yes my father is paying for my college tuition, and I'm not denying that's a leg up on the average joe. But it's not like my father went to school for me for 13 years and got me the grades to be admitted into my college of choice.
--------------------
|
howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
|
Re: Trump calls CNN fake news [Re: Webster10]
#24014032 - 01/16/17 08:41 AM (7 years, 12 days ago) |
|
|
Quote:
Webster10 said: Because we both understand it's possible to acheive great things without starting rich
what are you on about trump was rich from the start
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014042 - 01/16/17 08:44 AM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
Webster10 said: Fair enough, but I'd like to point out that you saying he's emotionally immature is yet another bogus talking point used by liberal-leaning establishment media to push their narrative.
I don't listen to liberal leaning media so I can't say. I simply am talking from my experience of seeing Trump interact politically over the last 18 months. He way overacts to small criticism, he's overly aggressive when he doesn't need to be and he uses language that, frankly, isn't a good fit for a President.
He displays all kinds of traits of emotionally immature people. And I have no doubt at all that he has strong executive chops as they're applied to real estate development and promotion. He seems to constantly make up facts to suit his narrative, I suspect because as President of a tightly owned company for decades, he could operate that way because he'd simply fire you if you challenged him.
In the public square, he's being called out constantly for his creative fact production and it's obvious he makes a lot of it up on the spot.
I just disagree. I guess trump really can be looked at differently by the two different sides. Your belief that he responds to small criticism is probably fueled by the same events that made me think he was a counter-puncher who wasn't going to let anyone walk all over him. You think he's overly aggressive when he doesn't need to be, I think he's a hard hitter. You think he makes up facts to suit a narrative, I think mostly of what he says is true and I see it in my daily life. Maybe you could provide some examples of him making things up on the spot, and then we can discuss whether or not those instances are criteria enough to doubt his presidency as a whole.
--------------------
|
Webster10
Up like Trump



Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 2 months
|
|
Quote:
howsyournaggerdoin said: lol no
Lol, yes.
Quote:
howsyournaggerdoin said:
Quote:
Webster10 said: Because we both understand it's possible to acheive great things without starting rich
what are you on about trump was rich from the start
Learn how to read
--------------------
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
howsyournaggerdoin said:
Quote:
Webster10 said: Because we both understand it's possible to acheive great things without starting rich
what are you on about trump was rich from the start
Wharton grad ... came out of college with no debt ... was given a significant seed "loan" from father to get started in Real Estate ... was no doubt given credit access because of his wealthy father.
The guy had a good head start. Having said that, he has proven he knows how to develop and promote real estate and to use his bombastic, narcissistic personality to promote himself and other brands.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
|
Quote:
The Ecstatic said:
Quote:
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.
|
howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
|
Re: Trump calls CNN fake news [Re: qman]
#24014053 - 01/16/17 08:50 AM (7 years, 12 days ago) |
|
|
I know exactly what you mean but it still doesnt add any validity to your point
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
|
Quote:
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"?
|
howsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
|
Re: Trump calls CNN fake news [Re: qman]
#24014082 - 01/16/17 09:07 AM (7 years, 12 days ago) |
|
|
I myself will inhert a lot of wealth one day so i cant really judge anyone for that. I will however judge anyone who pretends inherted wealth is hard earned.
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
|
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.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: Morel Guy]
#24014142 - 01/16/17 09:35 AM (7 years, 12 days ago) |
|
|
Quote:
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?
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24014184 - 01/16/17 09:54 AM (7 years, 12 days ago) |
|
|
Quote:
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?
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014198 - 01/16/17 09:59 AM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24014208 - 01/16/17 10:05 AM (7 years, 12 days ago) |
|
|
Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
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.
I would agree that GLOBAL QE has been a major factor in the huge runup of the wealth gap, as much from Japan and Europe as the US. The drive to keep interest rates low to hold off increasing real estate prices dropping which would have destroyed more and more middle class net worth was, on some level a tough thing to reckon with.
I don't know the answer but I do know that it is utterly and completely irresponsible for owners/investors of these big publicly traded companies to generate big IPO's and debt offerings and essentially, turn that into billions of personal wealth. That's just not right. It's the legal system that enables this machine like conversion of debt to personal wealth while shifting the risk and liability to the public that needs to change.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014220 - 01/16/17 10:10 AM (7 years, 12 days ago) |
|
|
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.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24014311 - 01/16/17 10:53 AM (7 years, 12 days ago) |
|
|
Quote:
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.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: qman] 1
#24014319 - 01/16/17 10:55 AM (7 years, 12 days ago) |
|
|
Quote:
qman said:
Quote:
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.
--------------------
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014337 - 01/16/17 11:01 AM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
|
Quote:
The Ecstatic said:
Quote:
qman said:
Quote:
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.
|
Morel Guy
Stranger


Registered: 01/23/13
Posts: 15,577
Last seen: 4 years, 29 days
|
Re: Trump calls CNN fake news [Re: qman]
#24014389 - 01/16/17 11:20 AM (7 years, 12 days ago) |
|
|
Quote:
qman said:
Quote:
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?
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: Morel Guy]
#24014407 - 01/16/17 11:27 AM (7 years, 12 days ago) |
|
|
Quote:
Morel Guy said:
Quote:
qman said:
Quote:
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.
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: qman]
#24014478 - 01/16/17 12:00 PM (7 years, 12 days ago) |
|
|
Quote:
qman said:
Quote:
The Ecstatic said:
Quote:
qman said:
Quote:
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.
Why? You know exactly why.
--------------------
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24014516 - 01/16/17 12:12 PM (7 years, 12 days ago) |
|
|
Quote:
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.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014557 - 01/16/17 12:29 PM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014567 - 01/16/17 12:30 PM (7 years, 12 days ago) |
|
|
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?
--------------------
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
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.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
Edited by KauaiOrca (01/16/17 12:58 PM)
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: Webster10]
#24014662 - 01/16/17 01:02 PM (7 years, 12 days ago) |
|
|
Quote:
Webster10 said:
Quote:
The Ecstatic said:
Quote:
Morel Guy said: 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?
Because we both understand it's possible to acheive great things without starting rich and because scum with a victim mentality try to deligitamize our achievements because it makes them feel better to say "you're only that way cause you grew up rich."
It's FAR, FAR easier for someone who starts out rich to make their own fortune. This has been shown many times in this forum.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
Falcon91Wolvrn03 said:
Quote:
Webster10 said:
Quote:
The Ecstatic said:
Quote:
Morel Guy said: 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?
Because we both understand it's possible to acheive great things without starting rich and because scum with a victim mentality try to deligitamize our achievements because it makes them feel better to say "you're only that way cause you grew up rich."
It's FAR, FAR easier for someone who starts out rich to make their own fortune. This has been shown many times in this forum.
I would bet that the percentage of kids that inherit, let's say $5mm bucks or more and actually create a new company that grows to a value of >$100mm is very, very small. Most of the generational wealth that is passed on is often done through investment trusts where nothing new is actually created. A lot of studies have been done to illustrate how 2nd and 3rd generations, when they are brought in to run the company, have a strong tendency to ruin it and run it into the ground.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 7 hours, 56 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca] 2
#24014816 - 01/16/17 01:55 PM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
--------------------
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
|
Quote:
The Ecstatic said:
Quote:
KauaiOrca said:
Quote:
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.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24014852 - 01/16/17 02:06 PM (7 years, 12 days ago) |
|
|
Quote:
qman said:
Quote:
The Ecstatic said:
Quote:
KauaiOrca said:
Quote:
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.
It's not so much his ideas, it's his repulsive and bombastic style in which he communicates and bullies anyone that disagrees with him. Mature humans find this tactic unacceptable. That's what they're reacting to.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: KauaiOrca] 1
#24014868 - 01/16/17 02:14 PM (7 years, 12 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
Falcon91Wolvrn03 said: It's FAR, FAR easier for someone who starts out rich to make their own fortune. This has been shown many times in this forum.
I would bet that the percentage of kids that inherit, let's say $5mm bucks or more and actually create a new company that grows to a value of >$100mm is very, very small.
I would bet the number of $100mm companies started by people who had $5mm to invest is FAR, FAR, larger than the number of $100mm companies started by people who had nothing to invest.
Quote:
KauaiOrca said: Most of the generational wealth that is passed on is often done through investment trusts where nothing new is actually created. A lot of studies have been done to illustrate how 2nd and 3rd generations, when they are brought in to run the company, have a strong tendency to ruin it and run it into the ground.
CEOs that run their company into the ground still earn millions for doing so, while people who work for that company simply lose their jobs and get nothing.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24014875 - 01/16/17 02:15 PM (7 years, 12 days ago) |
|
|
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.
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: qman]
#24014897 - 01/16/17 02:24 PM (7 years, 12 days ago) |
|
|
Quote:
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.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
|
Quote:
Falcon91Wolvrn03 said:
Quote:
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.
|
hostileuniverse
Stranger



Registered: 05/14/15
Posts: 8,602
Loc: 'Merica
Last seen: 6 years, 7 months
|
Re: Trump calls CNN fake news [Re: qman]
#24016108 - 01/16/17 10:32 PM (7 years, 11 days ago) |
|
|
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: qman]
#24016271 - 01/16/17 11:53 PM (7 years, 11 days ago) |
|
|
We ended up where we are as a result of Reaganomics.
Nothing to do with slowing growth, nothing to do with limiting inflation.
Cut taxes for the rich, and screw everyone else as a result of a money shortage.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
|
|
They seem to have forgotten that a large middle class is a major driver of the economy in our consumer-driven markets.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: Le_Canard] 1
#24016540 - 01/17/17 04:39 AM (7 years, 11 days ago) |
|
|
Quote:
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.
BINGO!
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: Le_Canard]
#24016775 - 01/17/17 08:43 AM (7 years, 11 days ago) |
|
|
The game seems to have reached the stage where everyone just grabs for whatever they can and hopes that the system doesn't collapse on their watch.
--------------------
Like cannabis topics? Read my cannabis blog here
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: Le_Canard]
#24016784 - 01/17/17 08:47 AM (7 years, 11 days ago) |
|
|
Quote:
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.
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Re: Trump calls CNN fake news [Re: qman]
#24016792 - 01/17/17 08:50 AM (7 years, 11 days ago) |
|
|
They can hoard their purchasing power but soon that will be worthless as the worker bees get restless and organized.
Old school distractions and infiltrations are becoming more exposed and are no longer fooling many
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: Psychonott]
#24016806 - 01/17/17 08:57 AM (7 years, 11 days ago) |
|
|
Quote:
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.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24016809 - 01/17/17 08:58 AM (7 years, 11 days ago) |
|
|
Quote:
qman said:
Quote:
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.
I hear what you're saying, but it's hard for me to believe that any coordinated group is trying to somehow engineer what you're talking about. In terms of QE and ZIRP, that would suggest a strong effort to inflate the economy ... seriously, nothing that aggressive has ever happened.
I think it's Four things:
1 - 08/09 inflicted a lot more damage than most realize and the after effects are still with us 2 - Technology plus globalization plus cheap labor has dramatically squeezed the middle class 3 - Lower taxes over decades have caused a huge wealth shift 4 - The era of electro sparko currency and electro digit trading enables the conversion of debt into personal assets in a way that is simply parabolic. You don't really need to make a product anymore to become a billionaire. That wasn't as true in the past. Now, just knowing how to interact with all the electro digits can create ultra wealth very quickly.
WHO the people might be that are engineering this is, to me, a total mystery because a lot of the people with the real wealth are competing like MOFO's against one another to get more of it.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
Edited by KauaiOrca (01/17/17 09:00 AM)
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016819 - 01/17/17 09:07 AM (7 years, 11 days ago) |
|
|
What branch of government has authority over the federal reserve? Because we can isolate those decision makers to exaggerating these imbalances
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016825 - 01/17/17 09:09 AM (7 years, 11 days ago) |
|
|
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.
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Re: Trump calls CNN fake news [Re: qman]
#24016840 - 01/17/17 09:18 AM (7 years, 11 days ago) |
|
|
The people engineering clearly do not have similar interests
Who has authority over the federal reserve? They clearly are the power holders here
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: Psychonott] 1
#24016859 - 01/17/17 09:27 AM (7 years, 11 days ago) |
|
|
congress
--------------------
Like cannabis topics? Read my cannabis blog here
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman] 1
#24016860 - 01/17/17 09:27 AM (7 years, 11 days ago) |
|
|
Quote:
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.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: ballsalsa]
#24016861 - 01/17/17 09:28 AM (7 years, 11 days ago) |
|
|
Quote:
ballsalsa said: congress
Congress doesn't really have authority over the FED ... they gave that up decades ago. The FED has become, in essence, the fourth branch of our government.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: Psychonott]
#24016863 - 01/17/17 09:29 AM (7 years, 11 days ago) |
|
|
Quote:
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.
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: qman]
#24016864 - 01/17/17 09:30 AM (7 years, 11 days ago) |
|
|
too bad i don't have any money. I should have bought Silvercorp a month ago when we where talking about it.
http://www.nasdaq.com/symbol/svmlf/interactive-chart?timeframe=1m&charttype=line
--------------------
Like cannabis topics? Read my cannabis blog here
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: KauaiOrca] 1
#24016869 - 01/17/17 09:32 AM (7 years, 11 days ago) |
|
|
Congress passed the Federal Reserve Act, and they could repeal or alter it (if there was any political will to do so)
--------------------
Like cannabis topics? Read my cannabis blog here
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Re: Trump calls CNN fake news [Re: ballsalsa]
#24016875 - 01/17/17 09:33 AM (7 years, 11 days ago) |
|
|
No congress hasn't had one bit of authority over the federal reserve for some time now
Since a nations greatest tool of influence is monetary creation essentially we are being held hostage but the wealthiest elites and our entire fabric of government has no reign whatsoever over these decision makers?
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: Psychonott]
#24016878 - 01/17/17 09:34 AM (7 years, 11 days ago) |
|
|
exhibit A?
--------------------
Like cannabis topics? Read my cannabis blog here
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016883 - 01/17/17 09:36 AM (7 years, 11 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
|
Psychonott
Stranger

Registered: 12/28/16
Posts: 649
|
Re: Trump calls CNN fake news [Re: ballsalsa]
#24016892 - 01/17/17 09:38 AM (7 years, 11 days ago) |
|
|
Lol have you seen the wealth distribution gaps lately? The trend it's following?
-------------------- Enlils true purpose is to get us off topic and to cast enough logical doubts so that outsiders viewing this would be more likely to side with his fake opinions rather than our or sometimes controlled opppsotions opinions. You see if you are too skilled at not falling for their traps and stating logically sound debunks then other accounts who purposefully agree with 90% of the truth join in and get the entire topic off the main points. It's their 1960s version of damage control and diversion but man it's painfully obvious in 2017
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: qman]
#24016894 - 01/17/17 09:40 AM (7 years, 11 days ago) |
|
|
Quote:
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.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,793
Loc: Foreign Lands
|
Re: Trump calls CNN fake news [Re: Psychonott]
#24016897 - 01/17/17 09:41 AM (7 years, 11 days ago) |
|
|
your argument was that congress holds no authority over the federal reserve. That is true in terms of policy, but not in terms of structure(i.e. the very existence of the federal reserve). Wealth distribution trends do not support your argument. anything else?
--------------------
Like cannabis topics? Read my cannabis blog here
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
Re: Trump calls CNN fake news [Re: ballsalsa]
#24016900 - 01/17/17 09:43 AM (7 years, 11 days ago) |
|
|
Quote:
ballsalsa said: Congress passed the Federal Reserve Act, and they could repeal or alter it (if there was any political will to do so)
With government authority, you use it or lose it. Congress has no real authority over the FED anymore ... They don't really even understand the FED, let alone control them.
It's another leg of the balance of power. I don't like the way the FED operates in secrecy but if Congress ran the money supply, we'd be in much worse shape.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 8 hours, 11 minutes
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24016910 - 01/17/17 09:46 AM (7 years, 11 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
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.
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: ballsalsa]
#24017189 - 01/17/17 11:50 AM (7 years, 11 days ago) |
|
|
Quote:
ballsalsa said:
Quote:
Psychonott said:
Quote:
ballsalsa said:
Quote:
Psychonott said: No congress hasn't had one bit of authority over the federal reserve for some time now
exhibit A?
Lol have you seen the wealth distribution gaps lately? The trend it's following?
Wealth distribution trends do not support your argument. anything else?
Balls is correct. If anything, the increasing wealth gap only supports the fact that Congress is helping out its wealthy donors.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
Falcon91Wolvrn03 said:
Balls is correct. If anything, the increasing wealth gap only supports the fact that Congress is helping out its wealthy donors.
The increasing wealth gap is being caused by three factors:
1- rapid increase in technology bringing down labor costs 2- ease of exploiting the cheapest labor ... Globalization ... 3- Easier and easier to make enormous sums of money without producing any products anymore ... just trading digits on a screen
I kinda thought Obama would have put some brakes on this but, if anything, he accelerated it as did the Clintons and GWB.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24017276 - 01/17/17 12:33 PM (7 years, 11 days ago) |
|
|
Quote:
KauaiOrca said: The increasing wealth gap is being caused by three factors:
1- rapid increase in technology bringing down labor costs
I disagree. The increase in technology has made worker productivity (and profits) higher than ever. If workers had union representation like they did back in the 50's and 60's, they could demand a lot more of the extra profits the companies are making.
Quote:
KauaiOrca said: 2- ease of exploiting the cheapest labor ... Globalization ...
I agree.
Quote:
KauaiOrca said: 3- Easier and easier to make enormous sums of money without producing any products anymore ... just trading digits on a screen
Again, I disagree. Without the underlying companies making money, the trading you are referring to becomes worthless.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
Falcon91Wolvrn03 said:
Again, I disagree. Without the underlying companies making money, the trading you are referring to becomes worthless.
Do you have any idea how many millionaires and billionaires have been created from companies that never made a profit? How about from ultra leveraged (200:1) currency and commodities futures trading?
Derivatives of all types?
Right now the global derivatives market value is over 900 TRILLION dollars. That's where the big money is being made and lost on a daily basis.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
Edited by KauaiOrca (01/17/17 12:43 PM)
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24017305 - 01/17/17 12:52 PM (7 years, 11 days ago) |
|
|
Quote:
KauaiOrca said:
Quote:
Falcon91Wolvrn03 said: I disagree. Without the underlying companies making money, the trading you are referring to becomes worthless.
Do you have any idea how many millionaires and billionaires have been created from companies that never made a profit? How about from ultra leveraged (200:1) currency and commodities futures trading?
Derivatives of all types?
Right now the global derivatives market value is over 900 TRILLION dollars. That's where the big money is being made and lost on a daily basis.
Yes, I get the derivatives market as well. Though it is massive, for every dollar someone makes on derivatives, another dollar is lost as well. Derivatives are a zero sum game. It's the market value of the underlying assets where real wealth is created.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
KauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
|
|
Quote:
Falcon91Wolvrn03 said:
Quote:
KauaiOrca said:
Quote:
Falcon91Wolvrn03 said: I disagree. Without the underlying companies making money, the trading you are referring to becomes worthless.
Do you have any idea how many millionaires and billionaires have been created from companies that never made a profit? How about from ultra leveraged (200:1) currency and commodities futures trading?
Derivatives of all types?
Right now the global derivatives market value is over 900 TRILLION dollars. That's where the big money is being made and lost on a daily basis.
Yes, I get the derivatives market as well. Though it is massive, for every dollar someone makes on derivatives, another dollar is lost as well. Derivatives are a zero sum game. It's the market value of the underlying assets where real wealth is created.
I don't think you understand how leveraged trading works ... not being a dick here, just being honest. The whole system is designed to turn debt into assets. Whether it's our fractional reserve lending system, the way massive derivatives leverage is created or the way IPO's are funded ... the way margin trading is done ... It's all about leverage.
The underlying assets are MANIPULATED by the way derivatives are used to create price movements.
Banks are not, for the most part, lending money coming from depositers for all of this stuff ... It's much more complicated than that.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
|
Falcon91Wolvrn03
Stranger



Registered: 03/16/05
Posts: 32,557
Loc: California, US
Last seen: 4 months, 20 days
|
Re: Trump calls CNN fake news [Re: KauaiOrca]
#24017382 - 01/17/17 01:29 PM (7 years, 11 days ago) |
|
|
Quote:
KauaiOrca said: I don't think you understand how leveraged trading works ... not being a dick here, just being honest.
I get finance and leveraging extremely well, and based on the current discussion I'm pretty sure I get it better than you. I have an MBA from a reputable college with an emphasis in finance. But that's irrelevant if I can't explain it:
Quote:
KauaiOrca said: The whole system is designed to turn debt into assets.
I get leverage. It allows you to borrow lots of money that you can use to invest. If your leveraged investment is profitable, you will make a lot; if not you will lose a lot. Either way, you have to pay back the borrowed money.
Quote:
KauaiOrca said: Whether it's our fractional reserve lending system...
I've had many lengthy discussions on fractional reserve banking showing how little people know about it. Did you know that every dollar loaned into existence under fractional reserve banking is taken back out of existence when the loan is paid back?
Why Money Disappears When Loans Are Repaid
Quote:
KauaiOrca said: the way massive derivatives leverage is created or the way IPO's are funded ... the way margin trading is done ... It's all about leverage.
Once again, I get leverage. It allows people invest more than they have. Leveraged money is not free money; it's borrowed money, which has to be paid back.
Quote:
KauaiOrca said: The underlying assets are MANIPULATED by the way derivatives are used to create price movements.
Investors tend to look at derivatives to help them guess what the underlying asset will do in the future, and that might effect trading prices for the underlying asset. But keep in mind that for every derivative purchased, someone else sold that derivative, and only one of those two will make money - the other will lose the corresponding amount. A zero sum game.
Quote:
KauaiOrca said: Banks are not, for the most part, lending money coming from depositers for all of this stuff ... It's much more complicated than that.
Again, I am intimately familiar with fractional reserve banking. Let me know if you have any questions about it.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
|
|