MY THOUGHTS


I WON'T GET INTO A PISSIN MATCH OVER THIS CORONA VIRUS BUT THIS I DO BELIEVE ; THE VIRUS ORIGINATED IN A LAB IN CHINA AND EITHER BY ACCIDENT OR INTENTIONAL ESCAPED INTO THE PUBIC. ONCE IT REACHED THE US THE DEMS / SOCIALIST / LOW LIFES, SAW IT AS ANOTHER WEAPON TO USE AGAINST TRUMP SINCE THEY HAVE NO OTHER PLATFORM TO RUN ON !!angry JUST ANOTHER TACTIC BY THE TRUMP HATERS AND TRAITORS ......


George McDonald
US Navy Seabees,Retired,
MAD, Charleston Chapter
[http://www.militaryappreciationday.org


When you see "Old Glory" waving in the breeze, know that it is the dying breaths of our fallen hero's that makes it wave.
author unknown
Replies



Hhhmmmm..... Regarding the current stimulus ideas -

First, I don't think I've been quite that categorical. While I am generally a laisse-faire kind of thinker, I don't think I've ever completely excluded any possible appropriateness of federal involvement in the economy. In fact, I kinda' like the idea of a federal reserve that manages base interest rates. If the reach of the FR would stop there, I'd be a fan. Unfortunately, the FR does much more than most people realize.

In general, without spending a lot of time looking at it, I'm still highly skeptical of these kinds of stimulus packages.

Pondering as I type.... haven't thought it through much... but, there may be a distinction between an economic slow down that is the result of an out of balance market (I'd be steadfastly opposed to bailout) and an economic slow down that is the result of a natural phenomenon/disaster.

Have I ever advocated letting our economy totally collapse? Really? I don't think I have.


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17' Henry O Hornet w/ Johnson 88 spl
26' Palmer Scott project hull
14' Bentz-Craft w/ Yamaha 25Originally posted by PalmerScott



I recall you mentioning a while back you were against the 2008 bail out and that we should have let it run its course and let the chips far where they may as we need to balance the budget and that was more important in the long run... This is what I recall, and perhaps there was a misunderstanding...

I was opposed to the 2008 bail out and still am. The outcome of that crisis should have been more conservative banks and a healthier leaner auto industry. Instead, we are nearly in EXACTLY THE SAME PLACE. So, I still think that bail out was a waste of money.


I also remember you advocating heavily the convention of states and the main reason being was to require the Fed government to legally have to balance the national budget each year. Essentially, can't spend more than what is taken in from tax revenue... If this would have happened how do we have bail outs of any type?

Just because the Fed Gobt can't burrow multiples of its own budget doesn't mean the States are helpless. You present a false dichotomy.


I also asked how we would cut $1.2T from the discretionary spending of $1.4T and not collapse the economy...

How do I make this plane? Imagine for a moment, if you can get out of contrarian mode, imagine how much better our national financials would be if we paid ZERO in interest at the federal level. Go look at the numbers. That interest is eating us. If we got that under control (don't have to fix it in one year, just bend the curves the opposite directions), our economy would be running on methanol. Right now, we are paying a fortune to foreign gov'ts in debt service and that fortune is slated to do nothing but get bigger faster.

So, you go ahead and keep arguing for the status quo. (That's not the end of the tunnel.)


Reality is that markets are out of balance most of the time... If you support intervention for imbalances associated with pandemics, etc. then should they intervene when the market is over heated as it was before the event. Reality is the stock market was trading around 25 times the market PE and has historically average 17-18 times PE... Just by that ratio we are now trading at what is a historical average prior to the pandemic...




RBF


I completely agree that most of the time markets are out of balance. Where you assert that the gov't is agile enough to predict markets and manage them, I believe history clearly shows that to be impossible. As I said previously, having a Fed Reserve that manages a base lending rate MIGHT make some sense to kinda' smooth the pendulum swing of the business cycle. But, I don't think the Fed Gov't is agile enough to act real-time and be effective in managing an economy. If you think it is, you are a statist. Which, for me, is just another name for tyrant.

So, you go ahead and keep arguing for the status quo. We'll keep getting exactly what we've been getting. And, the likes of you will feign surprise as it happens.


---------------------------
17' Henry O Hornet w/ Johnson 88 spl
26' Palmer Scott project hull
14' Bentz-Craft w/ Yamaha 25
For what it's worth, which is probably not much, this is the perfect manipulate crisis. Everybody in power has benefited as it's an untouchable crisis.

1) China able to divert attention away from the Hong Kong fight
2) Left able to squash the wave of Bernie that is reliant public commingling, rallies, etc
3) Trump able to get his wall, though not brick and mortar, it's a lot cheaper and greater scope
4) Ability to hide Joe Biden until November and make the democratic primary literally last page news
5) Finely tuned market reset
6) China bad, rest of world good. Seem familiar, remember huddling under desks....

It's the perfect crime. If you call it out as not big deal, you're screwed, and if you over emphasize as a crisis, you're screwed. It's the greatest manipulative stunt of a worldwide scope ever in our lifetime. Literally all it would take is a miraculous vaccine and the market rights itself. The populace is too easily manipulated and this is just the beginning, unfortunately on the backs of the middle class that is going on unemployment as shutdowns continue. So stupid!!!!!
For what it's worth, which is probably not much, this is the perfect manipulate crisis. Everybody in power has benefited as it's an untouchable crisis.

1) China able to divert attention away from the Hong Kong fight
2) Left able to squash the wave of Bernie that is reliant public commingling, rallies, etc
3) Trump able to get his wall, though not brick and mortar, it's a lot cheaper and greater scope
4) Ability to hide Joe Biden until November and make the democratic primary literally last page news
5) Finely tuned market reset
6) China bad, rest of world good. Seem familiar, remember huddling under desks....

It's the perfect crime. If you call it out as not big deal, you're screwed, and if you over emphasize as a crisis, you're screwed. It's the greatest manipulative stunt of a worldwide scope ever in our lifetime. Literally all it would take is a miraculous vaccine and the market rights itself. The populace is too easily manipulated and this is just the beginning, unfortunately on the backs of the middle class that is going on unemployment as shutdowns continue. So stupid!!!!!Originally posted by TRS


We can never let a good crisis go to waste


I am fragile.
Not like a flower.
But like a bomb.
For what it's worth, which is probably not much, this is the perfect manipulate crisis. Everybody in power has benefited as it's an untouchable crisis.

1) China able to divert attention away from the Hong Kong fight
2) Left able to squash the wave of Bernie that is reliant public commingling, rallies, etc
3) Trump able to get his wall, though not brick and mortar, it's a lot cheaper and greater scope
4) Ability to hide Joe Biden until November and make the democratic primary literally last page news
5) Finely tuned market reset
6) China bad, rest of world good. Seem familiar, remember huddling under desks....

It's the perfect crime. If you call it out as not big deal, you're screwed, and if you over emphasize as a crisis, you're screwed. It's the greatest manipulative stunt of a worldwide scope ever in our lifetime. Literally all it would take is a miraculous vaccine and the market rights itself. The populace is too easily manipulated and this is just the beginning, unfortunately on the backs of the middle class that is going on unemployment as shutdowns continue. So stupid!!!!!Originally posted by TRS


Don't forget the politicians that dumped stocks right before this crisis and put tons of money it other stocks like work from home app software.

RFB to a T. Never once heard RBF apologize for being proven wrong. Originally posted by Fred67


Never heard because you ignore them. I have stated I was wrong multiples times here... Ok if so I could be wrong, but I don't remember you ever actually apologizing for anything. Just a little twist to make you seem not so wrong.

Man, you would argue with a tree... Even ole double spiNN pegged you as someone that gets something "stuck in their craw" often... That is true, I do tend to hang on to a strong belief.

Didn't you argue with Fritz for like 5 years over whether stone ground grits were much better tasting before you ever even tried them... wink 5 years? no grew up on instant grits and still like them, but I agree with Fritz stone ground are much better. Round O feed supply does a fantastic job grinding with them


add in many years and you still say you never made derogatory comments about our military and it's members.




RBF


Originally posted by Fred67
Originally posted by Richard Beer Froth

On pelosi and abortion dig a little deeper and look into the Hyde Amendment.
Last edited by Fred67
I WON'T GET INTO A PISSIN MATCH OVER THIS CORONA VIRUS BUT THIS I DO BELIEVE ; THE VIRUS ORIGINATED IN A LAB IN CHINA AND EITHER BY ACCIDENT OR INTENTIONAL ESCAPED INTO THE PUBIC. ONCE IT REACHED THE US THE DEMS / SOCIALIST / LOW LIFES, SAW IT AS ANOTHER WEAPON TO USE AGAINST TRUMP SINCE THEY HAVE NO OTHER PLATFORM TO RUN ON !!angry JUST ANOTHER TACTIC BY THE TRUMP HATERS AND TRAITORS ......


George McDonald
US Navy Seabees,Retired,
MAD, Charleston Chapter
[http://www.militaryappreciationday.org


When you see "Old Glory" waving in the breeze, know that it is the dying breaths of our fallen hero's that makes it wave.
author unknownOriginally posted by gail wins


https://100percentfedup.com/while-the-media-plays-politics-a-truthful-timeline-of-trumps-coronavirus-response-emerges/