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Old 05-03-2023, 07:50 AM
 
14,400 posts, read 14,306,076 times
Reputation: 45727

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Quote:
Originally Posted by BeerGeek40 View Post
Fire up the printing presses!
Birds of a feather flock together.
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Old 05-03-2023, 09:13 AM
 
4,949 posts, read 3,055,358 times
Reputation: 6752
Quote:
Originally Posted by markg91359 View Post
Birds of a feather flock together.

Yes, they do; in the form of hundreds of Hollywood avian writers on strike.
One of their primary complaints being, "Our economic system only benefits 1%ers".
Banking crises are created by the banksters, including the Fed Res; a for profit entity that doesn't really care about inflation.
If they did, they'd have begun raising rates upon admitting it was now a problem; they waited almost 5 months.
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Old 05-03-2023, 09:59 AM
 
26,191 posts, read 21,587,222 times
Reputation: 22772
Quote:
Originally Posted by BeerGeek40 View Post
Perhaps instead of trashing his post, you would like to refute it with facts instead.

Bottom line is, our horrible political leadership is about ready to implode the system.
There’s nothing to refute, it was all nonsense that easily disproven with a 5 second google search

Your political opinions are irrelevant really to the topic and functionally how things work
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Old 05-03-2023, 10:02 AM
 
26,191 posts, read 21,587,222 times
Reputation: 22772
Quote:
Originally Posted by Taggerung View Post
$96T in total debt plus $187T in "unfunded liabilities." We are totally bankrupt.
You failed to list the assets
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Old 05-03-2023, 10:16 AM
 
Location: Flyover part of Virginia
4,218 posts, read 2,458,246 times
Reputation: 5066
Quote:
Originally Posted by Lowexpectations View Post
You failed to list the assets
Who cares. You do not pay down debt with assets. You pay down debt with income.
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Old 05-03-2023, 11:58 AM
 
26,191 posts, read 21,587,222 times
Reputation: 22772
Quote:
Originally Posted by Taggerung View Post
Who cares. You do not pay down debt with assets. You pay down debt with income.
You most certainly can sell assets to pay down debt. To say who cares or ignore it isn’t only silly but it’s also the incorrect way to look at a financial situation.
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Old 05-03-2023, 12:25 PM
 
Location: Flyover part of Virginia
4,218 posts, read 2,458,246 times
Reputation: 5066
Quote:
Originally Posted by Lowexpectations View Post
You most certainly can sell assets to pay down debt. To say who cares or ignore it isn’t only silly but it’s also the incorrect way to look at a financial situation.
Yes, selling assets produces income. But merely having assets means nothing as far as debt is concerned.
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Old 05-03-2023, 01:21 PM
 
26,191 posts, read 21,587,222 times
Reputation: 22772
Quote:
Originally Posted by Taggerung View Post
Yes, selling assets produces income. But merely having assets means nothing as far as debt is concerned.

Selling assets doesn’t create income, it could but doesn’t always and that’s irrelevant. Having assets certainly means something to those with any financial literacy and understanding of how things work
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Old 05-03-2023, 01:56 PM
 
Location: Boston
20,102 posts, read 9,018,880 times
Reputation: 18759
Likelihood of a recession are stronger now than anytime in the past two years. Fed provided no clarity, we started raising rates a year too late, this is the result. As I've been saying for months, prices aren't coming down. Buckle up if you're living on the edge.
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Old 05-03-2023, 02:34 PM
 
Location: Orange County, CA
4,903 posts, read 3,361,298 times
Reputation: 2974
Quote:
Originally Posted by Sunbiz1 View Post
Yes, they do; in the form of hundreds of Hollywood avian writers on strike.
One of their primary complaints being, "Our economic system only benefits 1%ers".
Banking crises are created by the banksters, including the Fed Res; a for profit entity that doesn't really care about inflation.
If they did, they'd have begun raising rates upon admitting it was now a problem; they waited almost 5 months.
Quote:
Originally Posted by skeddy View Post
Likelihood of a recession are stronger now than anytime in the past two years. Fed provided no clarity, we started raising rates a year too late, this is the result. As I've been saying for months, prices aren't coming down. Buckle up if you're living on the edge.
The FED should've raised rates decades ago.

This low interest rate environment along with QE may have completely screwed up the economic/financial system beyond repair.
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