06-18-26 savo
and paid for by AMERICAN TAX DOLLARS.
Not true... taxes in the US have not been increased to pay for this war... hence those weapons have been paid by taking new debt which most probably was sold to the Fed's balance sheet.
Government and wars are always paid by the people through taxes and through higher prices. The Government takes money from the people at the pay check and at the grocery store. Both come from the same pocket... but higher prices also benefit the financial elites and the politicians they sponsor.
I wonder what will the people of the US do if the government stops trying to fool all the people all the time and increases taxes by whatever is necessary to pay for Government and Wars without printing money. Just genuine tax financing. |
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06-18-26 victor
🚨 WOW! JD Vance is DIRECTLY calling out Israeli cabinet members for their personal attacks on President Trump
"Donald J. Trump is the ONLY head of state in the ENTIRE WORLD who is sympathetic to the nation of Israel at this moment in time, and he happens to be the head of state of the world superpower.
If I was in the cabinet of the Israeli government, I might not be attacking the only powerful ally that I have ANYWHERE left in the entire world."
"The other thing that I would say is that over the last 3 months, TWO-THIRDS of the defensive weapons that have protected your homeland have been built by AMERICAN HANDS and paid for by AMERICAN TAX DOLLARS.
The problem for Israel is not Donald J. Trump, and anybody in Israel who thinks their biggest problem is the President of the United States needs to WAKE UP and smell the reality of the situation that country is in."
https://x.com/nicksortor/status/2067642712560689401 |
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06-18-26 Merlino
they are creating 5 task forces...(committees in soviet parlor) i do remember 2 of those forces... one was to investigate the Fed's balance sheet... I could sort that one out very quickly... there should be no Fed balance sheet which is the mirror image of the ample reserves. The other was to investigate the roots of inflation... I can wrap it up quickly too... the ample reserves... the budget deficit... the big beautiful bill... all that is the root of inflation.. no need for a task force.
.......................
Funny if not bcz it is a sad hypocrisy |
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06-18-26 patient-trader
Switch strategies ...
....
I think the Ayatollahs have been selling Gold and Bitcoin to stay afloat. That should theoretically stop now.
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06-18-26 carib
The Federal Reserve proposed requiring payment stablecoin issuers to maintain an effective customer identification program designed to curb illicit activities, the latest step from US regulators embracing digital assets.
The plan would introduce requirements for some stablecoin issuers that are comparable to customer identification program requirements for banks and credit unions, the Fed said in a statement on Thursday. |
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06-18-26 carib
Take Argentina: Milei was elected promising dollarization, capitalistic solutions and no corruption.
Two years later here is no dollarisation, but once again an overvalued inflating local currency, significant additional corruption, and little free market.. |
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06-18-26 carib
I guess we must invest in the real world will live in, and adapt to current and expected change.
At our ages there is reduced space for utopistic thinking, I am afraid. |
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06-18-26 panasonic
Savo, "non-inflationary" is the biggest myth in history, zirp was a complete midclass wreck, now there is a new sheriff in town, AI.
Leftists know that the balance will incline to their side as fast as AI will grow.
Long story short, wealth transfer is inevitable...stay tuned.
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06-18-26 savo
pana.. i am a free market capitalist... in free market capitalism prices go down... because supply goes up.
That is the base upon which the world worked between the industrial revolution and the creation of the Fed. There are plenty of reports from the XIX century referring to falling prices.
Falling prices are good... because they allow consumers to buy more.. or save more and consume more in the future.
So why do we have prices going up instead of prices going down?
By design. The financial elites and the politicians they sponsor would not make obscene money in a non inflationary world... so they created the fed to create liquidity and inflation.
Yesterday Warsh explained perfectly well...He said we want to continue proving ample reserves to the banking system... and he also said the FOMC wants to provide price stability.
Well... he can't provide both... because the ample reserves "are" the inflation... and inflation is the opposite of price stability.
He also said they are creating 5 task forces...(committees in soviet parlor) i do remember 2 of those forces... one was to investigate the Fed's balance sheet... I could sort that one out very quickly... there should be no Fed balance sheet which is the mirror image of the ample reserves. The other was to investigate the roots of inflation... I can wrap it up quickly too... the ample reserves... the budget deficit... the big beautiful bill... all that is the root of inflation.. no need for a task force.
The market seems to believe the Fed went hawkish... well.. if they would have they could have raised rates yesterday... they didn't.
All the above is to tell you that I do not know how would apple do in a non inflationary world.
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06-18-26 panasonic
Savo, obviously AOC belongs to tje new democratic party.
Apple sells north of $3.5B only in Turkey, no cheap credit there...they created a great product, they deserve to make billions.
Huawei makes billions that end in hands of Chinese AOC's, not sure why would you support that, maybe you can elaborate bit more?
On the "Trillions' yes that is caused by cheap credit and became an orgy, all points to destroying what is left of our democracies, sadly. |
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06-18-26 savo
| hat off to DT for signing a deal that goes against everything he said and swallowing the bitter pill..... this was a pointless war... unnecessary.. costly for the world economy.. costly for the us budget...unpopular in the US...problematic for mid term elections... it was depleting the petroleum strategic reserve... the only winner was bloodthirsty Netandracula......hopefully a new more civilized leadership will kick this megalomaniac and his gang of bloodsuckers out. |
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06-18-26 victor
Shehbaz Sharif
I am honoured to announce that the historic ‘Islamabad Memorandum of Understanding’ has been electronically signed today between the United States of America and the Islamic Republic of Iran. The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator. The signing of this agreement at the highest level of the respective governments demonstrates the commitment of both sides to a diplomatic resolution of the conflict. Islamabad MoU shall enter into force with immediate effect and as a first step, Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade.
I offer my heartfelt congratulations and sincere appreciation to the President of the United States, Donald J. Trump whose steadfast commitment to diplomacy and preference for peaceful resolution have once again helped end a conflict that could have led to devastating consequences for the region and beyond. I also commend the dedication and tireless efforts of the United States negotiating team, including J.D. Vance, Steve Witkoff and Jared Kushner, for their invaluable contributions to this achievement.
I express my profound respect and appreciation to His Eminence Ayatollah Seyyed Mojtaba Hosseini Khamenei, the Supreme Leader of Islamic Republic of Iran and President Masoud Pezeshkian for their wisdom, foresight and statesmanship in embracing the cause of peace. I also wish to recognize the efforts of the Iranian negotiating team, including Mohammad Bagher Ghalibaf, Abbas Araghchi and Eskandar Momeni, whose patience, perseverance and commitment to constructive engagement were instrumental in bringing this agreement to fruition.
I would especially like to acknowledge the sincere efforts and constructive engagement of the leadership of the State of Qatar in helping reach this point. I also highly commend the leadership of the Kingdom of Saudi Arabia, the Republic of Türkiye and the Arab Republic of Egypt for their indispensable role and invaluable contributions in this regard.
I would also like to make special mention of Field Marshal Syed Asim Munir, whose tireless efforts, selfless dedication and instrumental role were critical in facilitating this breakthrough and advancing the cause of peace and regional stability.
May this Memorandum of Understanding serve as an enduring foundation for greater understanding, mutual respect and shared prosperity for the complete region. |
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06-17-26 savo
pana.. apple sells billions because money is easy...
the problem with easy money is that it is easy for those than can access it.. ie the minority...the majority of the people are left from pay check to pay check facing ever increasing prices..ever more expensive housing...... always running from behind... while the few enjoying life in West Palm Beach buy houses borrowing on the previous house... |
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06-17-26 panasonic
Savo, my view is different, big tech are cash cows and numbers are in billions.
Agree with you 100% on the concept of "trillions".
For instance, Apple sells billions, and has organic growth, so now AOC wants people to buy what, huawei?
Something is wrong at our side of the planet. |
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06-17-26 savo
pana.. without easy money there would be no trillion dollar companies and no billionaires... the fed was created by the banks to provide easy money...
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06-17-26 panasonic
| https://www.msn.com/en-us/money/news/you-can-t-earn-a-billion-dollars-rep-alexandria-ocasio-cortez-says-calls-the-self-made-billionaire-story-a-myth/ar-AA25Nil5?ocid=msedgdhp&pc=LGTS&cvid=6a32b7cb636146bc9820dd3f8ee8b7d4&ei=21 |
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06-17-26 panasonic
AOC on making a "billion", her close friend Maduro has several of those :-))
ps://www.msn.com/en-us/money/news/you-can-t-earn-a-billion-dollars-rep-alexandria-ocasio-cortez-says-calls-the-self-made-billionaire-story-a-myth/ar-AA25Nil5?ocid=msedgdhp&pc=LGTS&cvid=6a32b7cb636146bc9820dd3f8ee8b7d4&ei=21 |
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