Aristides
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Everything posted by Aristides
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You never condemned those who did. Why do you keep projecting yourself on others?
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Several times we were invaded by you lot. We never had indian wars like the US.
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No one supports them so stop making excuses for people who ridicule tragedies in blue states. They are all scum and if that includes you, take a bow.
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
Probably my favourite city. https://www.statista.com/statistics/862984/murders-in-london/ https://www.cnn.com/2019/06/18/world/london-us-cities-homicide-rates-comparison-intl-gbr -
The US has become a very sick place where both sides celebrate tragedies when it happens to people who live somewhere they might had voted differently. Whether it is floods in Texas or fires in California, it is the same sickness.
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I don't believe our system is perfect, far from it but do we reject people from countries known to have corrupt judicial systems just because they have what might be a trumped up record? We have all done stupid things in our lifetime that could have got us a record if we had been caught or were lucky enough to have it overlooked by someone who didn't insist on going by the book. We would be fools not to look at each case individually.
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So what were the most serious crimes they were let in for? You don’t know. I told you why? If you had a highly skilled person who committed an indiscretion in their youth and nothing since, why wouldn’t you let then in. The article says it has to be a minimum of 5 years since completing a sentence for them to even apply. You see a number and use it to make up whatever you want.
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
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Ya, that's always what they tell you to justify tax cuts for the most wealthy. Some people never learn. You are supporting your consumption on borrowed money. https://www.investopedia.com/gdp-growth-by-president-8604042
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Well if it does, your debt will become a huge problem for you. Far larger than it is now.
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The world will find one and it won't ask for your permission.
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Your interest rates have to be higher to attract investors because they see more risk. Like many, I have a fair amount of my portfolio in USD investments but I have told my adviser that I'm not interested in increasing my exposure. Certainly not when Trump is threatening things like 50% withholding on foreign investors. The man is just too unpredictable to have any confidence in putting money into the US. Debt servicing is your #2 expense after social security, eventually 100% of your tax revenue will go into servicing debt. No investor will want your paper when that happens. They are shying away from it already.
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So why is your dollar declining even though your interest rates are higher? The USD is increasingly being seen as unstable. World markets will decide the trustworthiness of the USD, not MAGATS. There doesn't have to be a single currency to replace the USD as a safe haven, it can be several as long as they are seen as more stable.
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Only as long as the rest of the world has confidence in your dollar, which has taken a beating against other world currencies since Trump took office. It is even down 10 cents on the Canadian dollar in spite of your five year bond paying 1.5% more than a Canadian 5 year. Why would I buy anything in USD when you currency's value is dropping? I would have to factor in the devaluation to any return I might be making. If Trump hits foreign investors with a big withholding on capital gains and dividends, no foreign money will be coming to the US.
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US debt to GDP is 120% and the Great Big Beautiful Bill will drive it up to over 130%. Debt servicing is now your governments second biggest expenditure. You are only solvent as long as someone is willing to buy your debt. Who would want to join that house of cards.
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
