Bias against Trump

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Bias against Trump

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.TUX. 08 Feb 20 4.12pm
Originally posted by Stirlingsays This isn't my area and I'm not going to try to pretend otherwise, but from what I know country economies run on debt, what really matters are the interest rates. From reading your posts Tux I pretty much accept your criticisms of the system.....what I've yet to find out is how better it could be run But I agree, the system as it is does survive as a complete and utter con based and propped up on confidence and greed for an elite class......both the far left and far right are spot on about it...and are the only political groups saying it. Trump is a child of this system and what's good about him is that I don't see a recession while he's at the helm.....purely because investors trust him to always put them first. The Democrats taking over would result in a tanking pretty much straight away....unless how they ran the economy was totally at odds with their current rhetoric. All while China sits there waiting for the US to implode this matters......If we didn't have that threat perhaps some sort of system 'correction' would be preferable over the false con job we all endure....but which pays the pensions and mortgages. Edited by Stirlingsays (08 Feb 2020 10.37am) Again, we come back to the 'Elephant in the room' that is never mentioned in the media (let alone footy forums). The end of the Bretton-Woods Agreement in 1971 is where the majority of our (global) financial problems began ie the dollar, along with every other currency, became 'fiat'. All fiat currency eventually dies due to the inherent inflation (money supply). We've had inflation of around 1500% since the early '70's due to the amount of money printed from nothing more than thin-air (Inflation is basically a tax deliberately forced upon the population). The current fiat based financial system that began towards the end of 1971 died in '08. It's been on life-support ever since and unless you happen to be part of the 1%, a decade of your financial life has been stolen. Period. The financial system then had a heart-attack on 17th Sept 2019, and The Fed began their temporary* Repo-Market programme (saving illiquid banks) as i posted several times last year. Something else that's never mentioned in the MSM despite it's importance, funny that. Basically we need a 'solid' currency backed by something of true value and going back to gold would be a start in my humble opinion. *Initially a few weeks but now set to end in April. What a bloody mess. Buy Litecoin.
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.TUX.

08 Feb 20 4.12pm

Originally posted by Stirlingsays

This isn't my area and I'm not going to try to pretend otherwise, but from what I know country economies run on debt, what really matters are the interest rates.

From reading your posts Tux I pretty much accept your criticisms of the system.....what I've yet to find out is how better it could be run

But I agree, the system as it is does survive as a complete and utter con based and propped up on confidence and greed for an elite class......both the far left and far right are spot on about it...and are the only political groups saying it.

Trump is a child of this system and what's good about him is that I don't see a recession while he's at the helm.....purely because investors trust him to always put them first.

The Democrats taking over would result in a tanking pretty much straight away....unless how they ran the economy was totally at odds with their current rhetoric.

All while China sits there waiting for the US to implode this matters......If we didn't have that threat perhaps some sort of system 'correction' would be preferable over the false con job we all endure....but which pays the pensions and mortgages.

Edited by Stirlingsays (08 Feb 2020 10.37am)

Again, we come back to the 'Elephant in the room' that is never mentioned in the media (let alone footy forums).
The end of the Bretton-Woods Agreement in 1971 is where the majority of our (global) financial problems began ie the dollar, along with every other currency, became 'fiat'. All fiat currency eventually dies due to the inherent inflation (money supply).
We've had inflation of around 1500% since the early '70's due to the amount of money printed from nothing more than thin-air (Inflation is basically a tax deliberately forced upon the population). The current fiat based financial system that began towards the end of 1971 died in '08. It's been on life-support ever since and unless you happen to be part of the 1%, a decade of your financial life has been stolen. Period.
The financial system then had a heart-attack on 17th Sept 2019, and The Fed began their temporary* Repo-Market programme (saving illiquid banks) as i posted several times last year. Something else that's never mentioned in the MSM despite it's importance, funny that.
Basically we need a 'solid' currency backed by something of true value and going back to gold would be a start in my humble opinion.

*Initially a few weeks but now set to end in April. What a bloody mess.

Buy Litecoin.

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.TUX. 08 Feb 20 4.25pm
Originally posted by Wisbech Eagle Increasing the level of debt after the worst recession in living memory has actually paid dividends. The current boom started as a consequence of that and not because of anything Trump has done. If you stop and think about it that is pretty much what the current Tory government are now proposing to do. Borrow whilst interest rates are low to invest in the infrastructure so as to create a brighter future. Much as I dislike their approach to Brexit I don't argue with that strategy. Judging the size of the national debt when balanced about the need and the predicted return is beyond my pay grade but I can see why it is done. Good luck. Buy Litecoin.
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.TUX.

08 Feb 20 4.25pm

Originally posted by Wisbech Eagle

Increasing the level of debt after the worst recession in living memory has actually paid dividends. The current boom started as a consequence of that and not because of anything Trump has done.

If you stop and think about it that is pretty much what the current Tory government are now proposing to do. Borrow whilst interest rates are low to invest in the infrastructure so as to create a brighter future. Much as I dislike their approach to Brexit I don't argue with that strategy. Judging the size of the national debt when balanced about the need and the predicted return is beyond my pay grade but I can see why it is done.

Good luck.

Buy Litecoin.

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Stirlingsays 08 Feb 20 5.31pm
Originally posted by .TUX. Again, we come back to the 'Elephant in the room' that is never mentioned in the media (let alone footy forums). The end of the Bretton-Woods Agreement in 1971 is where the majority of our (global) financial problems began ie the dollar, along with every other currency, became 'fiat'. All fiat currency eventually dies due to the inherent inflation (money supply). We've had inflation of around 1500% since the early '70's due to the amount of money printed from nothing more than thin-air (Inflation is basically a tax deliberately forced upon the population). The current fiat based financial system that began towards the end of 1971 died in '08. It's been on life-support ever since and unless you happen to be part of the 1%, a decade of your financial life has been stolen. Period. The financial system then had a heart-attack on 17th Sept 2019, and The Fed began their temporary* Repo-Market programme (saving illiquid banks) as i posted several times last year. Something else that's never mentioned in the MSM despite it's importance, funny that. Basically we need a 'solid' currency backed by something of true value and going back to gold would be a start in my humble opinion. *Initially a few weeks but now set to end in April. What a bloody mess. Thanks for your input.....The future might not be pretty, but it sure will be interesting. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

08 Feb 20 5.31pm

Originally posted by .TUX.

*Initially a few weeks but now set to end in April. What a bloody mess.

Thanks for your input.....The future might not be pretty, but it sure will be interesting.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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.TUX. 09 Feb 20 8.03am
Originally posted by Stirlingsays Thanks for your input.....The future might not be pretty, but it sure will be interesting. A basic explanation but the fundamentals stand. History shows us that s*** currencies, ie backed by nothing of real worth, always always eventually fail and that's where we've been for a while. But hey, rather than applauding what appears to be 'the largest boom in history' and believing that 'we should borrow while rates are low' some should ask themselves why growth has been so poor for a decade, why interest rates are in zero/negative territory (if all is great?) and why personal debt levels continue to break records. But they don't. They never will. Interesting times are here. Buy Litecoin.
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.TUX.

09 Feb 20 8.03am

Originally posted by Stirlingsays

Thanks for your input.....The future might not be pretty, but it sure will be interesting.

A basic explanation but the fundamentals stand.
History shows us that s*** currencies, ie backed by nothing of real worth, always always eventually fail and that's where we've been for a while.
But hey, rather than applauding what appears to be 'the largest boom in history' and believing that 'we should borrow while rates are low' some should ask themselves why growth has been so poor for a decade, why interest rates are in zero/negative territory (if all is great?) and why personal debt levels continue to break records. But they don't. They never will.

Interesting times are here.

Buy Litecoin.

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Stirlingsays 09 Feb 20 8.20am
Originally posted by .TUX. A basic explanation but the fundamentals stand. History shows us that s*** currencies, ie backed by nothing of real worth, always always eventually fail and that's where we've been for a while. But hey, rather than applauding what appears to be 'the largest boom in history' and believing that 'we should borrow while rates are low' some should ask themselves why growth has been so poor for a decade, why interest rates are in zero/negative territory (if all is great?) and why personal debt levels continue to break records. But they don't. They never will. Interesting times are here. The vast majority of western consumers are like wage slaves. Like the peasant before them....just surviving and two pay days away from being out on the street. Perhaps the elites and their large corporations want their slave class....all mixed up and hence fighting amongst themselves rather than them. I don't really buy into that last paragraph but that's where internationalist economic policy leads to whether it's deliberate or not....it's probably a half truth. Edited by Stirlingsays (09 Feb 2020 8.21am) 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

09 Feb 20 8.20am

Originally posted by .TUX.

Interesting times are here.

The vast majority of western consumers are like wage slaves. Like the peasant before them....just surviving and two pay days away from being out on the street.

Perhaps the elites and their large corporations want their slave class....all mixed up and hence fighting amongst themselves rather than them.

I don't really buy into that last paragraph but that's where internationalist economic policy leads to whether it's deliberate or not....it's probably a half truth.

Edited by Stirlingsays (09 Feb 2020 8.21am)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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.TUX. 09 Feb 20 9.13am
Originally posted by Stirlingsays The vast majority of western consumers are like wage slaves. Like the peasant before them....just surviving and two pay days away from being out on the street. Agreed. Perhaps the elites and their large corporations want their slave class....all mixed up and hence fighting amongst themselves rather than them. Agreed. I don't really buy into that last paragraph but that's where internationalist economic policy leads to whether it's deliberate or not....it's probably a half truth. Continually taking from your future to pay for your survival in the present is not growth, it's the complete opposite. No half-truths, it's where we're at. Edited by Stirlingsays (09 Feb 2020 8.21am) Buy Litecoin.
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.TUX.

09 Feb 20 9.13am

Originally posted by Stirlingsays

The vast majority of western consumers are like wage slaves. Like the peasant before them....just surviving and two pay days away from being out on the street.
Agreed.
Perhaps the elites and their large corporations want their slave class....all mixed up and hence fighting amongst themselves rather than them.
Agreed.
I don't really buy into that last paragraph but that's where internationalist economic policy leads to whether it's deliberate or not....it's probably a half truth.
Continually taking from your future to pay for your survival in the present is not growth, it's the complete opposite.
No half-truths, it's where we're at.

Edited by Stirlingsays (09 Feb 2020 8.21am)

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silvertop Portishead 09 Feb 20 9.37am
Originally posted by Stirlingsays This isn't my area and I'm not going to try to pretend otherwise, but from what I know country economies run on debt, what really matters are the interest rates. From reading your posts Tux I pretty much accept your criticisms of the system.....what I've yet to find out is how better it could be run But I agree, the system as it is does survive as a complete and utter con based and propped up on confidence and greed for an elite class......both the far left and far right are spot on about it...and are the only political groups saying it. Trump is a child of this system and what's good about him is that I don't see a recession while he's at the helm.....purely because investors trust him to always put them first. The Democrats taking over would result in a tanking pretty much straight away....unless how they ran the economy was totally at odds with their current rhetoric. All while China sits there waiting for the US to implode this matters......If we didn't have that threat perhaps some sort of system 'correction' would be preferable over the false con job we all endure....but which pays the pensions and mortgages. Edited by Stirlingsays (08 Feb 2020 10.37am) I'm not sure any of the economic cycles in our lifetimes have been substantively attributed to poor economic policy in the us regardless of the colour of govt. They may have contributed but the causes were more complex. Thus in Obama's last year the economy was on the rise something trump was quick to take credit for as some sort of miracle. Thus the Democrats aren't all bad at the economy (largely because they all do more or less the same thing and the economy largely manages itself for good or bad)
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silvertop

Portishead 09 Feb 20 9.37am

Originally posted by Stirlingsays

This isn't my area and I'm not going to try to pretend otherwise, but from what I know country economies run on debt, what really matters are the interest rates.

From reading your posts Tux I pretty much accept your criticisms of the system.....what I've yet to find out is how better it could be run

Trump is a child of this system and what's good about him is that I don't see a recession while he's at the helm.....purely because investors trust him to always put them first.

The Democrats taking over would result in a tanking pretty much straight away....unless how they ran the economy was totally at odds with their current rhetoric.

Edited by Stirlingsays (08 Feb 2020 10.37am)

I'm not sure any of the economic cycles in our lifetimes have been substantively attributed to poor economic policy in the us regardless of the colour of govt. They may have contributed but the causes were more complex.

Thus in Obama's last year the economy was on the rise something trump was quick to take credit for as some sort of miracle. Thus the Democrats aren't all bad at the economy (largely because they all do more or less the same thing and the economy largely manages itself for good or bad)

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Stirlingsays 09 Feb 20 11.12am
Originally posted by silvertop I'm not sure any of the economic cycles in our lifetimes have been substantively attributed to poor economic policy in the us regardless of the colour of govt. They may have contributed but the causes were more complex. Thus in Obama's last year the economy was on the rise something trump was quick to take credit for as some sort of miracle. Thus the Democrats aren't all bad at the economy (largely because they all do more or less the same thing and the economy largely manages itself for good or bad) I don't think it's fair on Trump to credit his economy with Obama....as it did improve over Obama's and when you look at Obama's record it's difficult to divorce how well he did or didn't do due to 2008. Most of my criticisms on Obama centre elsewhere away from economics.....purely as essentially he allowed the capitalists to take over....which to be fair to him wouldn't have been different no matter whether it was him or McCain and then later Romney. Don't get me wrong....the only reason I think Trump is better for the US economy is because it's about confidence....and Trump is the king of confidence and when it comes to the markets it shouldn't be underestimated just how important that is. As for the system itself and the rights and wrongs.....well that's a whole different discussion. Edited by Stirlingsays (09 Feb 2020 11.13am) 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

09 Feb 20 11.12am

Originally posted by silvertop

I don't think it's fair on Trump to credit his economy with Obama....as it did improve over Obama's and when you look at Obama's record it's difficult to divorce how well he did or didn't do due to 2008.

Most of my criticisms on Obama centre elsewhere away from economics.....purely as essentially he allowed the capitalists to take over....which to be fair to him wouldn't have been different no matter whether it was him or McCain and then later Romney.

Don't get me wrong....the only reason I think Trump is better for the US economy is because it's about confidence....and Trump is the king of confidence and when it comes to the markets it shouldn't be underestimated just how important that is.

As for the system itself and the rights and wrongs.....well that's a whole different discussion.

Edited by Stirlingsays (09 Feb 2020 11.13am)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Stirlingsays 09 Feb 20 11.14am
Originally posted by .TUX. Continually taking from your future to pay for your survival in the present is not growth, it's the complete opposite. No half-truths, it's where we're at. We all know where that leads to.... And perhaps that's too spicy....even for the Hol. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

09 Feb 20 11.14am

Originally posted by .TUX.

Continually taking from your future to pay for your survival in the present is not growth, it's the complete opposite.
No half-truths, it's where we're at.

We all know where that leads to....

And perhaps that's too spicy....even for the Hol.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Wisbech Eagle Truro Cornwall 09 Feb 20 11.24pm
I have often suggested here that I believe the US system is no longer fit for purpose, that Trump's election proved it, and that everything about his Presidency has subsequently further confirmed things. Especially the predictable fiasco of the impeachment verdict. I just read this piece from Nick Bryant of the BBC. He is saying much the same, only more eloquently and convincingly than me. I thought it an interesting read:- [Link] For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
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Wisbech Eagle

Truro Cornwall 09 Feb 20 11.24pm

I have often suggested here that I believe the US system is no longer fit for purpose, that Trump's election proved it, and that everything about his Presidency has subsequently further confirmed things. Especially the predictable fiasco of the impeachment verdict.

I just read this piece from Nick Bryant of the BBC. He is saying much the same, only more eloquently and convincingly than me. I thought it an interesting read:-

[Link]

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

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Badger11 Beckenham 10 Feb 20 8.02am
Well the coronavirus is not the only thing that is catching it seems that Donald Trump's rudeness is also infectious. Here's Jo Biden displaying early symptoms that he's a carrier. [Link] One more point
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Badger11

Beckenham 10 Feb 20 8.02am

Well the coronavirus is not the only thing that is catching it seems that Donald Trump's rudeness is also infectious.

Here's Jo Biden displaying early symptoms that he's a carrier.

[Link]

One more point

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Stirlingsays 10 Feb 20 8.10am
Originally posted by Badger11 Well the coronavirus is not the only thing that is catching it seems that Donald Trump's rudeness is also infectious. Here's Jo Biden displaying early symptoms that he's a carrier. [Link] Globalism's latest gift. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

10 Feb 20 8.10am

Originally posted by Badger11

Well the coronavirus is not the only thing that is catching it seems that Donald Trump's rudeness is also infectious.

Here's Jo Biden displaying early symptoms that he's a carrier.

[Link]

Globalism's latest gift.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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