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While arguing over Covid/race/PUBS/DEMS
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While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:03 PM

The biggest threat to the Nation is our debt, what is it now $26 T+.

Lose World Reserve Currency status and we are well and truly fooked. All the future spending on any big programs are hamstrung by that number, that is reality for whomever takes the Oval Office.

Servicing that debt eats up a lot of taxes now and becomes waaaay worse with the ensuing rate rise from loss of status.

If you want something to ponder that would be priority number one.

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Re: While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:17 PM



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Re: While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:26 PM

I know everybody hates taxes but cuts sitting on $26T plus debt is insane.

Americans want to be lied to as long as they get a few bucks out of it. Truth is tax rates need to rise across all income brackets and Corporations need hiked too.

Just wait till the reality hits on SS and Medicare.

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Re: While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:33 PM



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Re: While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:38 PM

Yup, all this stuff going on will pale in comparison when the fiat fails. Then folks better be ready cause when it hits the fan nothing and nobody is gonna come out unscathed.

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Re: While arguing over Covid/race/PUBS/DEMS


Jun 22, 2020, 9:28 PM [ in reply to Re: While arguing over Covid/race/PUBS/DEMS ]

The hole on budget deficits caused by the Rona are huge not just on the Federal level but States as well. Now just how much has be lost on payroll taxes for Medicare and SS

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I'm glad someone here seems to get it


Jun 23, 2020, 11:42 AM

None of this #### going on right now matters worth a #### if our economy continues to be propped by the Fed. Both parties, all races, and all people of every economic class but the top are too stupid or ignorant to realize this. We're being leveraged as puppets while JPow (Jerome Powell) and his boys continue to dump money onto the balance sheets of investment banks and asset managers.

JPow is going to continue increasing the corporate bond purchasing programs through the small lending facilities, and is now positioning to begin purchasing municipal and state debt, all of which funneled through asset managers and investment banks on the Street. Now they're considering a yield curve cap (YCC - ring any bells boomers? Think WW2 recovery) for more long-term debt which will continue to allow investors to catapult the valuations of these zombie corporations in the US.

Capitalism is dead here. For anyone that disagrees, you're delusional. For anyone that thinks that any side of the political aisle will do anything different, you're dumb and delusional.

The Street always wins. The best part is all of the idiots arguing over one dumb ### candidate versus the other, like it matters. Bankers have already stated that the election won't alter fiscal or monetary policy from the Fed, lol. But sure, this election matters b/c racism and gay people...

Of note on the whole debt thing - as long as our GDP hits close to targets and our inflation is in control, we should be fine. The problem is our GDP is in the ditch and we haven't hit inflation targets despite a 12 year bull run, which can be punted for a later discussion. Based on how this is going the risk will be on the GDP side, but I'm sure JPow and co and figure something out.

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