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Re: Turn Out The Lights, The Party's Over
Posted by: ESAD NotFalling ()
Date: December 13, 2022 12:01PM

If we define inflation as the increasing cost of living a middle class or lower middle class American lifestyle, inflation has been a huge problem since the 80s. The manner in which the CPI is calculated has tended to hide this. Republican economic policies as well as Democratic ones have contributed to this. What happened under Biden was that the "system" lost its ability to mask rising costs.

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Re: Turn Out The Lights, The Party's Over
Posted by: Dec14Report ()
Date: December 14, 2022 10:59PM

The fed raised interest rates another half point today and said they will continue to increase the rate well into 2023. You were warned not to fall for Sleepy Joe's premature victory dance. You will be paying Biden s inflation tax for a long time

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Re: Turn Out The Lights, The Party's Over
Posted by: Dec16Report ()
Date: December 16, 2022 10:29AM

Hilariously reported today:

New York Fed’s Williams says interest rates need to top inflation rate
to get prices under control
------------------------------------

Yeah, no shit Sherlock. I said that in this thread a long time ago. The stupidity in/during the Biden administration is just astonishing.

Also looming is ANOTHER government shutdown next week that will basically put a stop to business in the metro DC area. Dems want to raise the debt ceiling again. That's what we need, more debt.

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: December 16, 2022 04:58PM

Just wait. It's gonna get a lot worse when Title 42 expires and we have 10,000 people per DAY crossing illegally into the US. The US debt above 31 trillion dollars now is unrecoverable. Adding the expense of housing and feeding millions of people is only something Biden would feel is ok

The (democrat) government wants a population dependent and controllable. In the end, the working class will be the ones to suffer for this. But you get what you vote for. Free shit is great until you run out of other people's money. And the US is flat out broke.

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Re: Turn Out The Lights, The Party's Over
Posted by: CanKick ()
Date: December 17, 2022 09:11AM

Dec16Report Wrote:
-------------------------------------------------------
>
> Also looming is ANOTHER government shutdown next
> week that will basically put a stop to business in
> the metro DC area. Dems want to raise the debt
> ceiling again. That's what we need, more debt.

This can was kicked down the road for another 7 days. Typical government bullshit.

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Re: Turn Out The Lights, The Party's Over
Posted by: 5Jan2023Report ()
Date: January 05, 2023 04:31PM

Yesterday:

Minutes from the December gathering, when the US central bank raised its benchmark rate by half a percentage point, showed the Fed intends to continue squeezing the economy to try to tackle price pressures, which they warned could “prove to be more persistent than anticipated”.

Reported today: Federal Reserve to keep interest rates higher for longer

Strong jobs data and hawkish Fed commentary signaled more aggressive Federal Reserve interest-rate hikes to come. Fed officials have been talking this week about targeting a higher than initially forecast terminal rate this year as interest rates remain elevated. Goldman and Citi are forecasting a 5.25% unemployment rate and Bank of America at 5.5% by 2024.
-------------------------------------

What you don't realize is that these "jobs" are just posted jobs. They are NOT jobs that are filled with people working. The real number is the labor participation rate. This number has been falling, especially with young males. Let's see what tomorrow's report shows us. My guess is that the next Fed rate bump will be at least 1/4 point but probably a 1/2 point bump if the labor participation rate rises. Reminder, unemployment must go up to fight inflation. You need less people with money in order to drive down demand.

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Re: Turn Out The Lights, The Party's Over
Posted by: 2023Jan11_Report ()
Date: January 12, 2023 09:46AM

CPI numbers are out...just reported:

The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. Even with the decline, headline CPI rose 6.5% from a year ago, highlighting the persistent burden that the rising cost of living has placed on U.S. households. However, that was the smallest annual increase since October 2021.Excluding volatile food and energy prices, co-called core CPI rose 0.3%, also meeting expectations. Core was up 5.7% from a year ago, once again in line.A steep drop in gasoline was responsible for most of the monthly decline. Prices at the pump tumbled 9.4% for the month and are now down 1.5% from a year ago after surging past $5 a gallon in mid-2022.Fuel oil slid 16.6% for the month, also contributing to a total 4.5% decline in the energy index.Food prices increased 0.3% in December while shelter also saw another sharp gain up 0.8% for the month and now 7.5% higher from a year ago. Shelter accounts for about one-third of the total CPI index.Used vehicle prices, also in important initial driver of inflation, were off 2.5% for the month and are now down 8.8% year over year.
-----------------------------------

CPI was down by .1% (one tenth of a percent), but core CPI is up by .3% (three tenths of a percent). Despite Joe Biden's anticipated premature victory lap, that is not good news. The decline in CPI was primarily driven by lowered fuel prices. Shelter prices are also up.

Prediction: expect at least a half point fed rate increase at the next meeting

It's going to be a long battle uphill and you will be paying for it

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Re: Turn Out The Lights, The Party's Over
Posted by: ValentinesDayReport ()
Date: February 14, 2023 11:08AM

CNBC reports another bad CPI report: Inflation rose 0.5% in January, more than expected

Inflation rose in January by 0.5% following a 0.1% increase in December, according to the consumer price index report released Tuesday.

The CPI was up 6.4% from the same period in 2022. Both numbers were higher than expected.

“Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago.

Rising prices meant a loss in real pay for workers. Average hourly earnings fell 0.2% for the month and were down 1.8% from a year ago, according to a separate BLS report.
-------------------------------

Expect another half point Fed rate increase over the next session. I suspect there will be a half point rate increase the next 2 sessions.

Biden's invisible tax on the middle and working class is alive and well.

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Re: Turn Out The Lights, The Party's Over
Posted by: Feb152023Report ()
Date: February 15, 2023 06:37PM

REALLY bad news reported today:

The federal government could default on its debt as early as July if Congress is unable to raise the debt limit, according to a report released Wednesday by the Congressional Budget Office (CBO).

The nonpartisan budget scorekeeper said the Treasury Department could exhaust the so-called “extraordinary measures” it began taking last month to stave off a default sometime between July and September.

The report comes a month after the Treasury warned it could run out of the emergency measures as soon as June, after the national debt reached the roughly $31.4 trillion threshold set by Congress more than a year ago.
------------------------------------------------

It was posted earlier in this thread that the US debt is so high that the government could default. Imagine having a credit card and you're struggling to make the minimum payments so you get a credit limit increase and then max it out again, and then you can't make the payments. You default. Your credit goes to shit. Nobody wants to do business with you anymore. THIS happens to governments too. Biden and his team have been warned again and again about this problem. Their answer: raise the credit limit. Hoard your money and watch your IRA/401K. Things are about to get messy.

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Re: Turn Out The Lights, The Party's Over
Posted by: kjdbfgdj ()
Date: February 15, 2023 10:35PM

Feb152023Report Wrote:
-------------------------------------------------------
> REALLY bad news reported today:
>
> The federal government could default on its debt
> as early as July if Congress is unable to raise
> the debt limit, according to a report released
> Wednesday by the Congressional Budget Office
> (CBO).
>
> The nonpartisan budget scorekeeper said the
> Treasury Department could exhaust the so-called
> “extraordinary measures” it began taking last
> month to stave off a default sometime between July
> and September.
>
> The report comes a month after the Treasury warned
> it could run out of the emergency measures as soon
> as June, after the national debt reached the
> roughly $31.4 trillion threshold set by Congress
> more than a year ago.
> ------------------------------------------------
>
> It was posted earlier in this thread that the US
> debt is so high that the government could default.
> Imagine having a credit card and you're struggling
> to make the minimum payments so you get a credit
> limit increase and then max it out again, and then
> you can't make the payments. You default. Your
> credit goes to shit. Nobody wants to do business
> with you anymore. THIS happens to governments too.
> Biden and his team have been warned again and
> again about this problem. Their answer: raise the
> credit limit. Hoard your money and watch your
> IRA/401K. Things are about to get messy.

The government will print more money to escape. But this will devalue your money even more. Biden will do another fake victory dance as though he has done us a favor. Then he will go eat like a king while the rest of us sweat over our credit card interest rates going through the roof and try to figure out how we are going to afford rent and eggs.

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Re: Turn Out The Lights, The Party's Over
Posted by: RuuutRohhhhh ()
Date: February 16, 2023 10:14AM

More bad news today:

The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.7% in January from the previous month. It marked the steepest monthly increase since early summer. On an annual basis, prices are up 6%.

Those figures were both higher than the 5.4% headline figure and 0.4% monthly increase forecast by economists, a worrisome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand with the most aggressive interest rate hike campaign since the 1980s.

Excluding the more volatile measurements of food and energy, core inflation rose 0.5% for the month – the highest increase since May 2022 and nearly double the Wall Street estimate.
-----------------------------

The Democrat inflation tax keeps kicking the working and middle class in the nuts. Expect at least a half point fed rate increase. I'd be willing to bet there's a solid chance at a three-quarter increase on the table. Reminder: in order to bring down inflation, the government must create less demand for goods and services and force higher unemployment. Until this happens, the Democrat inflation tax will stick around. Prepare yourself, it's going to continue to get worse. And the people who will feel Biden's inflation tax the most will be the the middle class and below.

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Re: Turn Out The Lights, The Party's Over
Posted by: kjsbsdvgejek ()
Date: February 16, 2023 01:41PM

Another US debt report:

This comes as the growth of interest costs and mandatory spending outpaces increases in revenues and the economy.

Newly-enacted legislation also adds to deficit predictions, noted CBO director Phillip Swagel.

The rise in mandatory spending is driven by growing costs for Social Security and Medicare, he added.

"The cumulative deficit over the 2023-2032 period that we now project is $3 TRILLION LARGER than we projected last May," Swagel said.

The CBO raised its deficit estimate for 2023 and projections over the next decade, in part to account for legislation enacted after the May 2022 forecast.

We are so fucked.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoBadNews ()
Date: February 16, 2023 04:16PM

Another bad report just released...

Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York.

Total US household debt hit a record $16.9 trillion during the fourth quarter, an increase of $394 billion, or 2.4%, from the prior three-month period, according to the Fed’s latest Quarterly Report on Household Debt and Credit. The report showed that not only are credit card balances swelling at record levels, delinquencies are on the rise as well.

Credit card balances increased nearly 6.6% to $986 billion during the quarter, the highest quarterly growth on record, according to New York Fed data that goes back to 1999. Year over year, credit card balances grew 15.2%.

“It’s triple trouble for credit card borrowers,” Ted Rossman, senior industry analyst for Bankrate, said in a statement. “Balances are up, rates are up and more people are carrying credit card debt.”

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Re: Turn Out The Lights, The Party's Over
Posted by: NiteyNight ()
Date: February 16, 2023 10:10PM

Nighty night

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Re: Turn Out The Lights, The Party's Over
Date: February 18, 2023 08:29AM

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Re: Turn Out The Lights, The Party's Over
Date: February 20, 2023 04:33AM


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Re: Turn Out The Lights, The Party's Over
Posted by: Feb24ReportOuch ()
Date: February 24, 2023 09:59AM

Another bad report today...

The numbers: The cost of U.S. goods and services jumped 0.6% in January — the biggest increase since last summer — in another sign that stubbornly high inflation is likely to take awhile to return to low pre-pandemic levels.

Prices also rose a bit faster in December than previously reported, the government said Friday.

The increase in the core rate of inflation in the past 12 months moved up 4.7% from 4.6.%.

Formally known as the personal consumption expenditures price index, PCE is viewed by the Fed as the best predictor of future inflation trends. The central bank pays especially close attention to the core gauge that strips out volatile food and energy costs.
--------------------------------------

Get ready for a 1/2 or 3/4 point fed rate increase to add to the already painful Biden inflation tax.

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Re: Turn Out The Lights, The Party's Over
Posted by: BuckleUp ()
Date: March 07, 2023 01:28PM

Happening currently....

Fed Chair Opens Door to Faster Rate Moves and a Higher Peak

In light of recent strong data, Jerome H. Powell said that the Federal Reserve is likely to raise rates higher than expected.

He even opened the door to a faster pace of rate increases if incoming data — which include a jobs report on Friday and a fresh inflation report due next week — remain hot.
--------------------

Biden's invisible inflationary tax will get worse and will be lead by higher interest rates on credit cards, automobiles, and business investment. Get ready as we move closer to jumping off the cliff.

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Re: Turn Out The Lights, The Party's Over
Posted by: BumperGuy ()
Date: March 07, 2023 09:00PM

Just wait. It's worse than you think. Credit card debt is skyrocketing, interest rates are going up, making credit card debt even worse. The housing market has jumped off the cliff already (nationally). The auto industry made the plunge as well. Layoffs aren't being reported on 99% of mainstream media. Fentanyl is pouring into the country through a southern border that Biden says is secure (a laughable claim). And we have a demographic coming up now that believes that the government is going to take care of them. I have a dose of truth for you: the government doesn't give a fuck about you and they are the cause of all of this pain you are going through.

The next 3-4 years (and beyond) is going to be bad for most of you. I suggest you save your money. You're gonna need it.

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Re: Turn Out The Lights, The Party's Over
Posted by: GetReadyNow ()
Date: March 09, 2023 02:52PM

Ok people, this is your warning.

Despite the current market moves downward, the real market tanking is within 60 days.

The market crash trigger will come from the S&P earnings missing estimates big time.

Wall Street is expecting $226, that's priced for perfection. So what happens is, when we deteriorate in jobs the next few months, that will bring into question the S&P earnings, and the S&P earnings are probably $190, so that'll trigger it.
-------------------------------------

You have been warned. Joe Biden and the others in power know this already. They are wealthy and prepared. My bet is that they are upping their market shorts.

The Biden inflation and recession tax is about to kick in MUCH worse.

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Re: Turn Out The Lights, The Party's Over
Posted by: BaaadNews ()
Date: March 10, 2023 08:38AM

GetReadyNow Wrote:
-------------------------------------------------------
> Ok people, this is your warning.
>
> Despite the current market moves downward, the
> real market tanking is within 60 days.
>
> The market crash trigger will come from the S&P
> earnings missing estimates big time.
>
> Wall Street is expecting $226, that's priced for
> perfection. So what happens is, when we
> deteriorate in jobs the next few months, that will
> bring into question the S&P earnings, and the S&P
> earnings are probably $190, so that'll trigger
> it.
> -------------------------------------
>
> You have been warned. Joe Biden and the others in
> power know this already. They are wealthy and
> prepared. My bet is that they are upping their
> market shorts.
>
> The Biden inflation and recession tax is about to
> kick in MUCH worse.


Biden knows his new tax increases won't pass. It's just a political stunt as he's getting ready to announce his 2024 Presidential candidacy.

But, let's look at what he's proposing (and it will indirectly affect all of you).

Biden wants to add up to almost $4.7 trillion in new taxes targeted at businesses and high-income individuals. The major changes include higher marginal tax rates on corporate, individual, and capital gains income; a complicated new minimum tax on high-net-worth individuals; and increases to Medicare taxes. The negative effects of higher tax rates on saving, investment, and entrepreneurship would have economy-wide repercussions, ultimately harming workers, international competitiveness, and domestic investment.

The Biden budget would increase Internal Revenue Service (IRS) funding by 15 percent, or about $1.8 billion, to $14.1 billion in FY 2024.(That's what we need, give more power to the world's biggest bully.)

Reminder: businesses PASS THROUGH taxes to the consumer. Punish oil companies by eliminating the subsidies? Nope. You will just pay more at the pump as they pass through their increased costs. Looking beyond the pump, petroleum is used in just about everything.

Jobs report just released: US added 311,000 "jobs", higher than forecasted (actually just job postings), and the labor rate rose .1%.

Jobs report is bad news because this news all but guarantees another 1/2-3/4 point fed rate increase.

I told you on Feb 24 to expect this.

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Re: Turn Out The Lights, The Party's Over
Posted by: knwgehwek ()
Date: March 10, 2023 05:26PM

BaaadNews Wrote:
-------------------------------------------------------

> The Biden budget would increase Internal Revenue
> Service (IRS) funding by 15 percent, or about $1.8
> billion, to $14.1 billion in FY 2024.(That's what
> we need, give more power to the world's biggest
> bully.)

You can't make this shit up. IRS's calls for thieves to report stolen income. According to IRS Publication 525, taxpayers are legally required to report the value of whatever property they stole during the tax year. The same rule applies to bribery, drug deals and other income-earning crimes.
------

Welcome to the newer, friendlier IRS. Trust me, your taxes will soon increase.

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Re: Turn Out The Lights, The Party's Over
Posted by: March13Update ()
Date: March 13, 2023 09:24AM

It's started with the banks crashing due to "tech" companies falling and affecting the banks. And it's going to get A LOT worse soon when the S&P misses earnings.

I think most big banks are stable but the SAME ISSUES are here again that we had during the financial crash in 2008.

It's gonna be a bumpy ride. Say goodbye to your 401k but don't worry, Joe Biden and the other wealthy people will come in and scoop up your investments at pennies on the dollar.

I haven't looked yet but I would be curious which "leaders" are shorting the market (the same way they did during the 2008 crash). A bill was introduced to stop our "leaders" from trading at an advantage but the criminal Pelosi is doing everything she can to block it.

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Re: Turn Out The Lights, The Party's Over
Posted by: NotGreatNews ()
Date: March 14, 2023 09:50AM

On top of 2 banks failing, we now have the new CPI report out

CNBC:

Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry turmoil.

The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates.

Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The monthly reading was slightly ahead of the 0.4% estimate.
-----------------------

Failure of the banks was due to risky loans on "tech" companies living on debt and unable to sustain themselves due to higher interest rates and the banks putting the deposits into risky bonds. Not smart, but Silicon Valley is filled with woke entitled tech retards who do this shit all the time.

The fed WILL raise interest rates again. Count on a quarter point. Since the banks collapsed, people are freaked out and I think the fed raising a half point might just cause more panic.

But still, that's an additional quarter point increase to mortgages, car loans, credit cards, etc. That's less company investments. That's more layoffs.

The Joe Biden inflation tax will continue to take its toll...on you.

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Re: Turn Out The Lights, The Party's Over
Posted by: IdesOfMarchReport ()
Date: March 15, 2023 03:17PM

Mixed news, but still overall not good

The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, fell 0.1% in February from the previous month. On an annual basis, prices still went up 4.6%.

Excluding the more volatile measurements of food, energy and trade, the so-called core inflation ROSE 0.2% for the month.

The data comes a day after the Labor Department reported that the consumer price index, which measures the prices paid directly by consumers, rose 0.4% in February.

The different gauges point to inflation that is running well above the Fed's preferred 2% target, a troubling sign as the central bank has already raised rates eight straight times.

Despite recent turmoil within the banking sector, markets still expect the U.S. central bank to raise interest rates during its two-day meeting next week, with most traders pricing in a 25-basis-point hike.
--------------------

I predict they will revise the numbers in a month to show inflation rose more than is being reported, the same way they revised the employment numbers down last time. By the way, Biden revised his billionaire bank bailout and WE are now on the hook for bailing out the bullshit banks who made poor investment decisions. In other words, it's another tax being placed on us to help out the rich financial industry California donors who gave to Biden's campaign.

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Re: Turn Out The Lights, The Party's Over
Posted by: DayAfterYesterday ()
Date: March 16, 2023 03:09PM

Once again, another lie from Joe Biden when he claims the bank bailout won't cost taxpayers.

The FDIC doesn’t have enough funds to cover these losses. If it did, the Federal Reserve would not have had to establish an emergency lending fund on a Sunday evening to backstop the operation. The Fed can simply create (print) the money to cover the losses at these failed banks, which will cause inflation, or the FDIC can do what they did in the last financial crisis and simply get the money from the Treasury, which is a direct cost to taxpayers. Either the American people are on the hook through the hidden tax of inflation or explicit taxes sent to the Treasury.
----------

It amazes me that some of you STILL trust Joe Biden.

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Re: Turn Out The Lights, The Party's Over
Posted by: BaaadNews ()
Date: March 20, 2023 02:03PM

Bad news today...

The Fed’s most recent H.4.1 statement shows that the Fed has borrowed $41 billion to pay its cash losses, but these borrowings do not count as U.S. Treasury debt and are not counted against the congressional Treasury debt ceiling limit.

In the past week, the Fed’s financial statement shows it borrowed an additional $143 billion to FUND the FDIC’s BAILOUT of Silicon Valley Bank (SVB) and Signature Bank, even though the FDIC is supposed to fund bank bailouts using the deposit insurance fund and, if need be, by borrowing from the U.S. Treasury. Instead, the Fed borrowed these funds and lent them to the FDIC to keep these bank failures from reducing the Treasury’s cash balances. You may recall that the Treasury is already precluded from any additional borrowing under the current congressional debt limit.

The Fed is now losing billions of dollars each month. The losses are a consequence of the Fed’s huge investment portfolio that yields around 2 percent but costs about 4.6 percent to finance. Measured using generally accepted accounting principles, the Fed is now approximately BANKRUPT.
----------------------------

CNN and MSNBC are silent on this report. Joe Biden's administration fucks everyone once again.

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Re: Turn Out The Lights, The Party's Over
Posted by: March22Report ()
Date: March 22, 2023 03:16PM

NotGreatNews Wrote:
-------------------------------------------------------

> The fed WILL raise interest rates again. Count on
> a quarter point. Since the banks collapsed, people
> are freaked out and I think the fed raising a half
> point might just cause more panic.
>
> But still, that's an additional quarter point
> increase to mortgages, car loans, credit cards,
> etc. That's less company investments. That's more
> layoffs.
>
> The Joe Biden inflation tax will continue to take
> its toll...on you.

As predicted, a quarter point increase today

WASHINGTON - The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate a quarter-point.

Still, in its latest statement, the Fed included some language that indicated that its inflation fight remains far from complete.

Speaking at a news conference, Chair Jerome Powell said, "The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy."

The central bank’s benchmark short-term rate has now reached its highest level in 16 years. The new level will likely lead to higher costs for many loans, from mortgages and auto purchases to credit cards and corporate borrowing.
---------------------------------

Translated: Higher interest rates on your credit cards, new home mortgages, auto loans, etc without you getting a pay bump. The Joe Biden inflation tax will bend you over for a long time. At least one more rate hike will be coming, and then you will pay out the ass until Biden's fed slowly starts to lower the rates back down. This inflation tax will affect your bank accounts for years.

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Re: Turn Out The Lights, The Party's Over
Posted by: BraceYourself ()
Date: March 23, 2023 03:42PM

Reported today:

Brace yourself, the Fed is signalling that a three-quarter (9 month) recession will start in two weeks

So, even as Powell suggested this banking sector situation won’t spin out of control, the Fed is implicitly calling for a three-quarter recession starting two weeks from now. And we know the S&P 500 never ever bottoms when the recession is just getting started.

The next chapter in the story will shift from concerns over deposits to assets on regional bank balance sheets, notably office real estate, as we have been saying for some time. Powell is downplaying the risks in the financial system, which is more fragile than he realizes. Yes, yes, we all know this is not 2008/09 all over again, and perhaps the recent bank failures were outliers. But many banks have unrealized bond losses on their books and many also have a heavy dependence on uninsured deposits and acute concentration of commercial real estate and commercial and industrial loans on their balance sheets.
-----------------------------
Of course, Joe Biden will ignore media questions and try to redefine (again) what "recession" means. During that time, you'll be eating canned beans and hoping you aren't part of the next round of layoffs.

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Re: Turn Out The Lights, The Party's Over
Posted by: BadNewsComing ()
Date: April 10, 2023 01:34PM

Get ready for some bad news over the next week and beyond

First off, inflation numbers will come out and fed will be forced to raise interest rates AGAIN. The Biden inflation tax will bend you over AGAIN. Is it starting to feel good yet?

Second, you may want to start preparing for a war with China. For those not in the know, Taiwan makes 90% of the worlds computer chips. This is why China wants to own Taiwan. the US is sending troops, ships, etc and a war will likely break out before the end of 2023 calendar year. I don't think it'll end up being a nuclear disaster BUT it will be the end of trade and a huge pot of money going to protecting Taiwan. What does this mean? More money printed to fund that war (devaluing your money), less products to buy due to the end of trade, and hyper-inflation. If China wins, also count on lack of available cars, tvs, phones, computers, and anything else that uses computer chips.

China has to invade before/during the upcoming election cycle. Biden has proven to be weak on military and China will exploit this before the possibility of Biden being replaced.

You are about to really feel the pain from not being independent.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: 3g3h59 ()
Date: April 10, 2023 01:59PM

Little red riding hood.

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Re: Turn Out The Lights, The Party's Over
Posted by: kewnbevbej ()
Date: April 10, 2023 02:00PM

its worse than everything listed, the brics nations are buying up gold and will be launching a dollar competitor soon which will devalue the dollar. we are all fukd with this and already high inflation

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Re: Turn Out The Lights, The Party's Over
Posted by: 12April2023Report ()
Date: April 12, 2023 09:02AM

Reported this morning:

Consumer prices climbed at a 5% annual pace in March, marking a slowdown from February as energy costs fell. BUT growth in core prices, which strips out the volatile food and energy categories, accelerated to a 5.6% annual pace.

The consumer-price index increased 0.1% in March from a month earlier, the Labor Department reported Wednesday, compared with a 0.4% climb in February.

A rise in annual price growth for core prices would be the first increase in the measure since September. It would also underscore the lack of progress in bringing price hikes under control, and that spells trouble for the Fed.
-------------------------------

Get ready for another quarter point increase in the fed rate. Even if inflation and core prices actually come down, the shit's gonna hit the fan when China invades Taiwan and trade ends between China and the US.

Biden has significantly weakened the US military, opened the southern border to allow fentanyl and terrorists to invade, allowed a spy balloon to transmit military data back to China, strapped you with an inflation tax that will last for another 4-5 years, all while he and his rich friends live a life of luxury.

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Re: Turn Out The Lights, The Party's Over
Posted by: The Writings On The Wall ()
Date: April 13, 2023 11:19PM

>the shit's gonna hit the fan when China invades Taiwan and trade ends between China and the US.

This will cause the US retail industry to collapse putting millions of of jobs creating a huge national depression and busting our availability to pay federal pensions and social security people worked for while at the same time paying unemployment to those millions more out of work

We will be plunged into a deep national depression as China keeps building up their military crime will soar while the US people will only see gun bans and threats to our rights from Democrats who are primarily responsible for our US manufacturing jobs going to China due to the over reach of the EPA under Democrats administrations and numerous laws state and federal giving Unions powers that crippled manufactures with excessive demands that they could not afford while maintaining operations in the USA . In addition to cripple US manufacturing Democrats resisted efforts to curtail liability lawsuits with state and federal tort reform laws which have taken their toll upon American manufactures business and the medical profession with higher health care costs

To put it short the real possibility of the US entering a deep very bad depression is as real as it can be, which can only harm further our US national defense of which any Democrats gun bans will accelerate the harm to defend this counties soil if China decides to engage the US in a conventional war

United We Stood Strong But Now Divided by Democrats We Are Much Weaker

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: April 14, 2023 03:09PM

The Writings On The Wall Wrote:
-------------------------------------------------------
> >the shit's gonna hit the fan when China invades
> Taiwan and trade ends between China and the US.
>
> This will cause the US retail industry to collapse
> putting millions of of jobs creating a huge
> national depression and busting our availability
> to pay federal pensions and social security people
> worked for while at the same time paying
> unemployment to those millions more out of work
>
> We will be plunged into a deep national depression
> as China keeps building up their military crime
> will soar while the US people will only see gun
> bans and threats to our rights from Democrats who
> are primarily responsible for our US manufacturing
> jobs going to China due to the over reach of the
> EPA under Democrats administrations and numerous
> laws state and federal giving Unions powers that
> crippled manufactures with excessive demands that
> they could not afford while maintaining operations
> in the USA . In addition to cripple US
> manufacturing Democrats resisted efforts to
> curtail liability lawsuits with state and federal
> tort reform laws which have taken their toll upon
> American manufactures business and the medical
> profession with higher health care costs
>
> To put it short the real possibility of the US
> entering a deep very bad depression is as real as
> it can be, which can only harm further our US
> national defense of which any Democrats gun bans
> will accelerate the harm to defend this counties
> soil if China decides to engage the US in a
> conventional war
>
> United We Stood Strong But Now Divided by
> Democrats We Are Much Weaker

Well-said. But it's gonna have to hit people in the face before they actually believe it. Just wait. China invasion of Taiwan is imminent. Remember this thread when it happens. You have been warned, again.

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Re: Turn Out The Lights, The Party's Over
Posted by: May3Report_v1 ()
Date: May 03, 2023 08:27AM

Today, we'll get a report on the next fed rate increase

but in the meantime, some interesting news that WILL affect your job

People claim AI will make people more efficient. I have said that is partly true, but is generally a lie. At least IBM is telling the truth.

IBM Chief Executive Officer Arvind Krishna has revealed plans to pause hiring for about 7,800 positions that could be REPLACED by artificial intelligence systems over time, according to a Bloomberg news report published Monday.

Krishna said that hiring in back-office functions like human resources will be suspended or slowed, affecting roughly 26,000 non-customer-facing roles. That will include NOT replacing current roles vacated by attrition. "I could easily see 30 percent of that getting REPLACED by AI and automation over a five-year period," Bloomberg quoted Krisha as saying in an interview.

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Re: Turn Out The Lights, The Party's Over
Posted by: mksbsvswjsjm ()
Date: May 03, 2023 08:34AM

Goldman Sachs warned in a report Sunday that around the world, as many as 300 million jobs could be impacted by artificial intelligence automation, CNBC reported.

Some examples specifically given by ChatGPT include transportation, manufacturing and financial services. Other industries that could be at risk include healthcare in which "AI can assist with diagnosing and treating patients, reducing the need for some healthcare workers" and journalism where "AI can generate news articles and summaries, potentially impacting jobs."

Rayid Ghani, a professor of AI and an expert in ethics, fairness, equity, and AI regulation at Carnegie Mellon University's Heinz College, warned that the negative impact on the job market will still be significant.

"It does make processes more efficient, which means people are going to lose jobs and yes, it will create new jobs, but those jobs are not at the same scale as the jobs lost," he said.

------------------------------

Good luck out there. You're gonna really struggle in the future. The party really is just about over.

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Re: Turn Out The Lights, The Party's Over
Posted by: May3Report_v2 ()
Date: May 03, 2023 03:05PM

Another rate increase...

unanimous decision puts the key benchmark federal funds rate at a range of 5% to 5.25%, the highest since August 2007, from near zero a little more than one year ago. It marks the 10th consecutive rate increase aimed at combating high inflation and slowing the economy.

Some say the fed will pause rate nincreases now, but that's a false assumption.

"A decision on a pause was not made today," Chair Jerome Powell told reporters during a post-meeting press conference in Washington, though he noted the "meaningful" change in the official statement.

"We're no longer saying that we ‘anticipate,’" he said. "We'll be driven by incoming data, meeting to meeting. We'll approach that question at the June meeting."
---------------------

Even if the fed does pause the rate increases, the higher interest rates (and your interest paid on cars, mortgages, and credit cards) will last for years. The Biden inflation tax will fuqk you for years. Is it starting to feel good yet?

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Re: Turn Out The Lights, The Party's Over
Posted by: ksdbhdgdj ()
Date: May 03, 2023 03:12PM

Reported today:

Earnings calls from tech firms such as Meta, Alphabet, and Microsoft have been littered with references to AI, with the verdict on the technology from leaders becoming more apparent than ever: AI can and will make jobs extinct.

Jobs lost through the layoffs of recent months may never return either if AI proves successful here. In tech, over 350,000 people have lost jobs since last year.
........
This is just the beginning. You will be replaced.

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: May 03, 2023 04:33PM

unemployment rate will be over 10% (maybe 20%) within 5 years the direction our current administration is taking us. And yes, it is Biden's fault. Big tech is in his pocket.

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Re: Turn Out The Lights, The Party's Over
Posted by: May4Report ()
Date: May 04, 2023 11:43AM

kwejwefgfrg Wrote: July 14, 2021
-------------------------------------------------------
> Remember this post...
>
> "the fed cannot raise [rates] due to massive debt
> and risk of default (happened under Carter and
> shut down the economy)"
>
> Today, Powell is saying to stick it out in HOPES
> that inflation goes down. But, the real truth is
> that the fed can't raise rates to slow down
> inflation because the US would default due to
> excessive interest.
>
> Today's news is just a smoke screen. Most aren't
> paying attention (or don't know enough to look for
> it) to the interest on debt and the inability to
> raise interest rates.


Good call back in July of 2021.

Reported today:

The United States will default on it's debt June 8 and will impact 800,000 jobs. Joe Biden (and the left media) will ignore this when it happens.

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Re: Turn Out The Lights, The Party's Over
Posted by: Harry Smith ()
Date: May 06, 2023 06:58AM

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Re: Turn Out The Lights, The Party's Over
Posted by: May8Report ()
Date: May 08, 2023 01:23PM

Get ready for a whole lot of bad news this week regarding inflation that will trigger another fed rate increase.

Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) likely CLIMBED 0.4% in April after gaining 0.1% in March. Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week.

-----------------------------

Joe Biden loves all this extra money coming in from the higher fed rate. It's the invisible tax on the poor and middle class. But I have a little bit of hope. People might be starting to see the truth. The latest ABC poll shows Biden's approval rating at 36%. This means 36% of the country is blind or stupid, or both.

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Re: Turn Out The Lights, The Party's Over
Posted by: May9Report ()
Date: May 09, 2023 08:56AM

Baaaad news report #1

Artificial intelligence could replace 80 percent of human jobs in the coming years -- but that's a good thing, says US-Brazilian researcher Ben Goertzel, a leading AI guru.

Mathematician, cognitive scientist and famed robot-creator Goertzel, 56, is founder and chief executive of SingularityNET, a research group he launched to create "Artificial General Intelligence," or AGI -- artificial intelligence with human cognitive abilities.

"You could probably obsolete maybe 80 percent of jobs that people do, without having an AGI, by my guess. Not with ChatGPT exactly as a product. But with systems of that nature, which are going to follow in the next few years."
---------------------------

This is coming from one of the top AI creators. Flood the engine with low-skilled people, and that problem is going to increase after Thursday when Title 42 expires...and then replace tons of jobs with AI and AI-related automation. What's the outcome? Social unrest at a level you cannot imagine in addition to massive unemployment. The solution will be government seizure of power to solve the problem the government created.

Joe Biden is just smiling and waiting for this to happen.

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Re: Turn Out The Lights, The Party's Over
Posted by: May9Report2 ()
Date: May 09, 2023 01:39PM

It just gets better...

Fast food starting with AI and, of course, they say it's not to replace people LOL

Kevin Vasconi, Wendy’s chief information officer, said test runs in recent months at the Columbus restaurant have been favorable.

“It’s at least as good as our best customer service representative, and it’s probably on average better,” Mr. Vasconi said, adding that part of the goal of the pilot rollout is to show Wendy’s franchisees that the technology works and can improve service speed and consistency.

Up to 80% of food orders at Wendy’s are made at the drive-through lane, compared with roughly two-thirds before the Covid-19 pandemic, the company said. The goal, Mr. Penegor said, is to get more customers through the drive-through in the shortest amount of time, picking up extra sales for every minute or so shaved off the ordering process.

In March, Wendy’s announced a restructuring plan to streamline costs, targeting systemwide sales growth in the mid-single digits through 2025. Under the plan, the company is aiming to hold general and administrative costs flat for the next two years.
------------------------
You wanted your $15/hour, and you got replaced

What about the people who make the food? Are you safe? Not so fast!! Fast food is replacing people with robots.

Roboburger and Flippy are already starting to roll out. Cincinnati-based Wings and Rings is the latest to sign up for Flippy, an AI-powered robotic arm that can handle all parts of the frying process. White Castle, Chipotle, Jack in the Box, Buffalo Wild Wings, Wing Zone and Dubai-based Americana Restaurants are all using the robot.

Self pay kiosks are already in use at grocery stores and fast food places.

The only people (well, actually one person) left at these fast food places will be the person who loads the food into the machines. I'm sure that will be eliminated by a robot eventually.

$15/hour is replaced by initial investment but that investment now doesn't require pay, benefits, sick days, late to work, and can work long shifts without complaining.

But, hey, you'll be retrained. Right? You have 2 years to become an AI coder or engineer who works on robots. But those will be eventually replaced by robots who can diagnose and fix problems.

You WILL be replaced.

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Re: Turn Out The Lights, The Party's Over
Posted by: May10Report_1 ()
Date: May 10, 2023 09:32AM

Rut roh...another bad inflation report. Get ready for another interest rate increase.

Inflation rose AGAIN in April despite an aggressive interest-rate hike campaign by the Federal Reserve, indicating that strong underlying price pressures are still bubbling beneath the surface of the economy – and continuing to burden millions of Americans.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, ROSE 0.4% in April from the previous month, much faster than the 0.1% increase recorded in March. Prices climbed 4.9% on an annual basis.
-----------------------------------------------

Your buddy Joe Biden is nowhere to be found for comment on inflation or the total disaster at the southern border. They are generally keeping him away from the podium because he doesn't know where he is and manages to mumble barely comprehensible lies. Where's Kamala the laughing hyena? She's hidden too because she's an absolute disaster?

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Re: Turn Out The Lights, The Party's Over
Posted by: ksdbhdvsdj ()
Date: May 10, 2023 09:39AM

May10Report_1 Wrote:
-------------------------------------------------------

> Where's Kamala the laughing hyena? She's
> hidden too because she's an absolute disaster?

Didn't you hear? Kamala was magically awarded 100 IQ points and put in charge of the AI threat that is in full swing.

Joe Biden makes another tragic decision, ssssshhhocker.

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Re: Turn Out The Lights, The Party's Over
Posted by: lkxncdvbdjs ()
Date: May 10, 2023 10:11AM

It's interesting to see the way the pro-Biden news outlets word their headlines, even though the news is bad.

"Consumer price growth falls to below 5% for the first time in two years"

But then in the body of the article (because they know you won't actually read the article), it says:

"On a monthly basis, the inflation rate rose 0.4%, which was higher than the 0.1% in March."

That's BAD news. The inflation rate actually increased.
---------------------------------------

Joe Biden needs to pay these news outlets a little more to bury the truth a little better.

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Re: Turn Out The Lights, The Party's Over
Posted by: May11Report_1 ()
Date: May 11, 2023 10:39AM

Reminder, don't just read headlines...

not horrible, but still not good news reported today:

The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 0.2% in April from the previous month. On an annual basis, prices are up 2.3%.

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Re: Turn Out The Lights, The Party's Over
Posted by: May11Report_2 ()
Date: May 11, 2023 05:40PM

Title 14 is about to expire in 6 1/2 hours. Not only will the flood of illegals be massive, but the Biden administration just approved release of people into the US.
Just reported:

The head of U.S. Border Patrol under Joe Biden has sent out a memo authorizing the release of illegal migrants into the U.S. without court dates if agents face overcrowding as the Biden administration scrambles to deal with a historic surge in migration at the border ahead of the end of Title 42.

The memo says that migrants can be allowed into the country on parole if Customs and Border Protection (CBP) faces overcrowding. The memo calls the practice "parole with conditions" as migrants are required to make an appointment with Immigration and Customs Enforcement (ICE) or request a Notice to Appear by mail.

Under a parole release, migrants are rapidly released into the country, do not get an alien registration number and do not receive a court date.
----------------------------

Slow Joe just approved illegals into the US with their promise that they will show up to court, but no court date is set.

What a fucking disaster.

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Re: Turn Out The Lights, The Party's Over
Posted by: jwvgwfgejw ()
Date: May 24, 2023 03:25PM

Feb152023Report Wrote:
-------------------------------------------------------
> REALLY bad news reported today:
>
> The federal government could default on its debt
> as early as July if Congress is unable to raise
> the debt limit, according to a report released
> Wednesday by the Congressional Budget Office
> (CBO).
>
> The nonpartisan budget scorekeeper said the
> Treasury Department could exhaust the so-called
> “extraordinary measures” it began taking last
> month to stave off a default sometime between July
> and September.
>
> The report comes a month after the Treasury warned
> it could run out of the emergency measures as soon
> as June, after the national debt reached the
> roughly $31.4 trillion threshold set by Congress
> more than a year ago.
> ------------------------------------------------
>
> It was posted earlier in this thread that the US
> debt is so high that the government could default.
> Imagine having a credit card and you're struggling
> to make the minimum payments so you get a credit
> limit increase and then max it out again, and then
> you can't make the payments. You default. Your
> credit goes to shit. Nobody wants to do business
> with you anymore. THIS happens to governments too.
> Biden and his team have been warned again and
> again about this problem. Their answer: raise the
> credit limit. Hoard your money and watch your
> IRA/401K. Things are about to get messy.


Brilliant post. Joe Biden wasted 4 fucking months and didn't cooperate or negotiate. Now, we are left with (again) this mess.

And this just reported today...

"Just like your family has to live within a budget, you might say you want Congress to live within a budget."

But Wolfers is clear that's not quite how it would play out.

"Defaulting on the debt does not reduce our spending," he says. "It just means we stiff our creditors."

And stiffing creditors would be expensive. The U.S.' reputation for always paying its debts has helped the country borrow trillions of dollars at very low interest rates from investors and governments around the world.

So much money that the country can right now borrow up to $31.4 trillion, a debt ceiling that will need to be raised or suspended to avoid a default.

And if the U.S. defaults, the interest rate on the country's debt would go up because the U.S. would be seen as riskier: too politically dysfunctional to get its bills paid on time.

It's similar to the way somebody's credit card interest rate would go up if they started missing payments.

An actual default would also deliver a massive shock to financial markets, raising the prospect of a new global financial crisis.

Investment bank UBS estimates the S&P 500 could fall by at least 20%. Bond markets would tumble, and that would send borrowing costs higher across the economy including for already-high mortgage rates.

Wolfers says if the U.S. defaults and there's no more money to spend, the government suddenly wouldn't have cash to run basic operations, things like schools and roads.

Government workers could get their pay delayed if the government runs out of cash, while businesses that have contracts with the governments might also stop getting paid for a while.

And the list of people who may not get vital government benefits is long, including most prominently veterans who rely on these payments as a lifeline as well as retirees who rely on Social Security payments.

All those missed payments would have a direct impact on the economy.

Because of how interconnected the global economy is, trouble in a major economic power like the U.S. would inevitably have global (recession) fallout.

Ultimately, Duffie and other experts say the bleak consequences are real risks, borne out of something the U.S. has done through its history: paying its bills on time.

"It's the most critical part of U.S. national economic security that the government can fund itself,"

Well, well, well

Joe Biden denied inflation until it was too late, forcing everyone to pay the invisible inflation tax and increased interest rates. Now, he has delayed for 4 months any discussion about the debt ceiling and once again we are up against the wall just to discuss whether we can raise the limit on the government's credit card. You have to live within your budget. When the government doesn't live within theirs, our money is devalued. They fuck up and we pay the price.

Get ready. The house is about to burn down. Don't you worry, Joe Biden (and others in the fed screwing us over) will be fine. He's rich and can afford the devastation of a recession and global fallout. He'll eat jut fine and dine on the finest food. You? You'll be wondering if you'll have a job, have money to pay your rent or mortgage, and put food on the table.

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Re: Turn Out The Lights, The Party's Over
Posted by: kshndvdwehj ()
Date: May 24, 2023 04:11PM

If you search the web instead of listening to CNN/MSNBC, you'll find some pretty interesting stuff

May 2, of 1984

Senator Biden gave a speech that day justifying it. Most of his comments were to justify that you could actually freeze the defense budget and it also included a freeze on the COLAs for Social Security. Like I said, it passed by one vote margin and obviously died in the House of Representatives. But Senator Biden spent most of his speech fighting off giants of the military industrial complex at that time by the name of Senator Goldwater, Senator Towers and Senator Stevens of Alaska. So that is the background for what I am talking about today.

On this day 39 years ago, then-Senator Biden spoke on the Senate floor saying he was “outraged” that our national debt would soon near $2 trillion. He urged fellow senators to “do something…before the debt limit increase comes up.” The “something” he advocated for was a federal spending freeze.

Today, our national debt stands at $31.5 trillion. And in a few years, public debt as a share of our economy is expected to exceed record levels set in the wake of World War II. However, instead of urging immediate action this year, President Biden wants to kick the can down the road. I think today we would all consider that irresponsible and unacceptable.

Well, well, well...

Looks like Joe Biden really does now want to tank our country in an effort to allow the government to come in and seize more power (rights) from the people

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Re: Turn Out The Lights, The Party's Over
Posted by: May24Report_1 ()
Date: May 24, 2023 04:18PM

Here is what's actually going on:

"The President's budget that he put forward actually proposes $3 trillion worth of deficit reduction over 10 years," Yellen said at a Wall Street Journal event on Wednesday.

"In this negotiation, the President has already offered changes that would result in an additional trillion dollars of deficit reduction," she added.

Yellen's comments suggest the two sides are moving closer together on the top line figure, although significant disagreements remain about how the deficit reduction would occur.

The Republicans say their spending plans would cut the deficit by $4.8 trillion over a decade, but insist there should be no cuts to the defense or border security budgets.

The White House says any cuts to the deficit should apply more broadly to reduce the burden on individual departments, and wants to raise some taxes to fund the deficit reduction -- which Republicans have so far opposed.

_______________________________

So, the real issue is that Joe Biden wants to weaken the military (with at least 1 active war coming up in the next 6 months) and cut spending to our border security (allowing more illegals and potentially terrorists to come in).

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Re: Turn Out The Lights, The Party's Over
Posted by: June1Report_v1 ()
Date: June 01, 2023 11:19AM

Looks like things are going to get passed. Joe Biden lost his bid to gut the military. Defense spending is capped but at least not decreased. The Conservative defense hawks want more defense money, but this was a compromise. We'll see if it passes the Senate.

Jobs report is due. The consensus is that the numbers will still be strong. Today's employment numbers came out and employers "added" 278K jobs. Some say this is good news. It's not, if you want a halt to the fed interest rate increases.

Reminder: The fact is that the unemployment rate MUST go up (to around 4.5%) in order to bring down inflation.

Joe Biden can take all the "victory" laps he wants on the economy. The truth is that Biden is to blame for the inflation issues we have. He thinks you are an idiot and celebrating low unemployment. While you're celebrating, the fed increases the rates and takes more money from you. This disproportionately effects the poor, working class, and middle class. Stop celebrating the "transient" inflation tax caused by Biden.

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