New Developments III

Mister Tee
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Re: New Developments III

Post by Mister Tee »

So...Bob Mueller just rolled an unpinned grenade onto the floor of the House.
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Re: New Developments III

Post by Greg »

I wonder if anyone here with banking experience has any thoughts on an idea of mine. That is, and it would have to be phased into over time, to replace the banking system with deficit spending from the Federal Government. Instead of the Federal Reserve issuing currency and lending it to banks that then lend it corporations and households, all the money issued would be directly spent into the economy when the Congress and President sign and pass appropriation bills. Then, there would only be enough money taxed out of the economy to prevent excessive inflation, not balance the budget.

As corporate debt is larger than household debt, I would start by prohibiting any bank chartered with Federal Reserve from lending money to any hedge fund, private-equity firm, venture-capital firm, company that buys its own stocks, or company that engages in mergers and acquisitions. That money could be spent on infrastructure, basic-and-applied R&D, the Green New Deal, etc. So-called corporate investment, which mostly goes to blow speculative bubbles, would be replaced with more real investment from the Federal Government.

Ultimately, as the substantial addition of public-works jobs would strengthen the minimum amount of money workers could make, private savings would replace household debt. People would rent until they saved up enough money to buy a house in cash, rather than take out mortgages; people would walk or take the bus until they saved up enough money to buy a used car in cash and drive a used car until they saved up enough money to buy a new car in cash; university education would have full scholarships, etc.
Sabin
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Re: New Developments III

Post by Sabin »

So... Roe v. Wade is done, right?

BUT HER EMAILS.
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Sabin
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Re: New Developments III

Post by Sabin »

Trump will not appear on the California primary ballot unless he releases his taxes. So, that's one state that Bill Weld can win.
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Re: New Developments III

Post by Sonic Youth »

Heksagon, you'll be happy to know that both of Trump's Federal Reserve board nominees withdrew themselves from consideration - one happened just yesterday - when it was clear they would not be approved. To be sure, there will be other nominees and no doubt they'll be terrible, but at least they might have some actual qualifications other than being a personal acquaintance.
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Heksagon
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Re: New Developments III

Post by Heksagon »

You only need two things for printing money (or whatever you want to call it) to become a real policy - an incompetent President and an incompetent Board of Governors of the Federal Reserve. So I'd say with Donald Trump we're about halfway getting there. And Trump is certainly working his way to getting the other pre-condition a reality as well, as he's been trying to stack the Board of Governors with political hacks lacking any formal qualifications.

Trump would certainly want to see Federal Reserve adopt a more inflationary policy. Now that Democrats control the House, he can't "stimulate" the economy via tax cuts, so inflation is the one other thing he could try to give the economy a short-term boost before the next elections.
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Re: New Developments III

Post by Greg »

Ray Dalio says MMT, the controversial theory endorsed by Alexandria Ocasio-Cortez, is a lot closer to happening than you might think:

https://markets.businessinsider.com/new ... 1028162987
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Re: New Developments III

Post by criddic3 »

Sabin wrote:Bill Weld officially announces he is challenging Trump for GOP nomination in 2020

https://www.cnn.com/2019/04/15/politics ... index.html

That's a key.

We'll see how many Bill Weld Republicans there actually are out there.

I voted for the Gary Johnson/Bill Weld ticket in 2016, mostly as a protest vote but both were genuinely more likable than either of the two major ticket candidates. I don't see Weld alone making huge inroads against Trump for the nomination, but if former 2-term Ohio Governor John Kasich, former Tennessee Senator Bob Corker and current Maryland Governor Larry Hogan -- now in his second term -- all run, it could shake up Trump's re-election bid. Those are the three major party members who have expressed some interest or hinted at a 2020 run. It would be a signal that the party's future is not a foregone conclusion, though it might not completely stave off a Trump re-nomination. He would be forced to use resources to ward off those challenges, since they are not all lightweights (particularly Kasich).
"Because here’s the thing about life: There’s no accounting for what fate will deal you. Some days when you need a hand. There are other days when we’re called to lend a hand." -- President Joe Biden, 01/20/2021
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Re: New Developments III

Post by Sabin »

Bill Weld officially announces he is challenging Trump for GOP nomination in 2020

https://www.cnn.com/2019/04/15/politics ... index.html

That's a key.

We'll see how many Bill Weld Republicans there actually are out there.
"How's the despair?"
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Re: New Developments III

Post by danfrank »

Mister Tee wrote:Posted on Twitter as the Notre Dame horror unfolds:

"Watching helplessly as something beautiful burns is 2019 in a nutshell"
I haven't felt as sad about something in a long while.
Mister Tee
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Re: New Developments III

Post by Mister Tee »

Posted on Twitter as the Notre Dame horror unfolds:

"Watching helplessly as something beautiful burns is 2019 in a nutshell"
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Re: New Developments III

Post by Greg »

Dow falls 460 points as US recession indicator flashes red:

https://www.cnn.com/2019/03/22/investin ... index.html
dws1982
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Re: New Developments III

Post by dws1982 »

dws1982 wrote: - A loss for Moore tonight would be, on a state level, a big loss for Governor Ivey. She was the only person who could've changed the date of today's election (which would've been irregular, but she still could have) and decided not to. She said she believed the allegations about Moore, and then supported him in the election. Outside of the candidates themselves, no one has more to lose based on the outcome tonight. If Moore loses, this absolutely will be used in the primaries against her next year.
Okay, let's now marvel at my extremely poor predicting powers. Ivey actually came out of the special election looking pretty good after she insisted that Jones' victory be certified on time when Moore kept trying to throw out legal challenges. And the primaries never made much of an issue out of what she could (or couldn't) have done to "save" the Senate seat. She coasted through the primary with no trouble at all, didn't even show up to the debates, managed to easily avoid a runoff, and with one of the highest approval ratings of any governor in the country, she'll probably be elected to a full term with no trouble.

I'm much better with movies and math.
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Re: New Developments III

Post by Greg »

Study: Puerto Rico hurricane death toll near 5,000:

https://www.youtube.com/watch?v=qcUwqYohC_0

This is more than the number of people who died in 9-11 and more than twice the number of people who died from Hurricane Katrina.
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Re: New Developments III

Post by Heksagon »

It was bound to happen sooner or later, considering the stock market was ridiculously overvalued thanks to the Fed's trickle-down policies - I mean, the QA policy.
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