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Everything posted by gatomontes99
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Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
Wow. You didnt just move the goal posts you changed the whole game. And then left out massive inflation that negates almost everything. We've been harping on this since the Clinton tax hikes. If you didnt know that, where have you been? You really need to read up on how consumer pricing works. I've explained it Except, Trump's policies began as great comeback (with the exception of the covid dip), that was reversed by Biden. You can say it ain't coming back, but the reality and the data betray you: https://fred.stlouisfed.org/series/manemp -
US Economy UNSTOPABLE.
gatomontes99 replied to paxamericana's topic in Federal Politics in the United States
That sounds like a government caused problem to me. Maybe you should vote differently? Less profit? Then how would they have the operating capital to start their next project? Ugh... no...not necessarily. I wrote up a long post about this. Here -
US Economy UNSTOPABLE.
gatomontes99 replied to paxamericana's topic in Federal Politics in the United States
Greater demand without a subsequent increase in supply will cause increased prices to consumers. Those are undeniable laws of economics. I gave you examples of what we are doing to improve our housing issues. Canada has vast expanses of land. Build on that. That will drop prices. Do what it takes to make it easier and more affordable for builders to build on new land. It's a long term fix. Until then, lower interest rates to make homes more affordable. -
Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
So? We pay for his plumbing too. So I'm literally paying for him to take a shit. What's your point? Do you really want to go there less than 6 months after Biden? He spent four years faking legal charges to distract people from how bad his admin was and how bad his corruption was. But yeah, let's worry about Trump playing golf on his own course. Yes. I love how the left has finally started to realize that taxes are paid by the end user. For example, I don't pay income taxes. The company I work for pays those. But they don't really pay my taxes, our customers pay that through the fees we collect. The end user pays all taxes. That isn't always true. A lot of people repeat this talking point. The reality is, the market place sets the price to the consumer. If a tariff is added to the cost to do business it could increase the cost of goods. However, whether or not the cost of the goods or services provided increases depends on the price elasticity and competition. Tariffs are an uneven tax that favors domestic production over international production. Short term, there might be some price increases. Long term, tariffs favor increased domestic jobs. As for inflation, let's say (for argument's sake) that 100% of the tariffs result in increased prices to consumers. If it did, that would mean that approximately 14% of consumption would increase. If we assume a flat rate of 15% for all tariffs (for the sake of simplicity and illustration) imports would account for 16.1% of the GDP. Given a $27.7T GDP, the total cost to consumers would be about 0.2%. The math does not support tariffs causing massive inflation. Imports 2023 GDP -
US Economy UNSTOPABLE.
gatomontes99 replied to paxamericana's topic in Federal Politics in the United States
Price to consumers does not equal cost to build. -
US Economy UNSTOPABLE.
gatomontes99 replied to paxamericana's topic in Federal Politics in the United States
That might be true. It probably is true. But it addresses the now need. There are other steps being taken to help with housing. Deportations are helping. The EPA is taking steps to make new home and apartment starts easier. We need to address the forced low income housing builds, that is raising costs for everyone. I think HHS is on that already. It may need legislation though. Point is, interest rates are the short term fix while long term solutions are being put in place. -
Trump is coercing the Media! 2 years earlier: The lawsuit accused administration officials of coercing platforms into taking down controversial content including election fraud, the FBI's handling of Hunter Biden's laptop and the COVID pandemic. The 5th Circuit panel found that the White House coerced the platforms through “intimidating messages and threats of adverse consequences” and commandeered the decision-making processes of social media companies, particularly in handling pandemic-related and 2020 election posts.
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US Economy UNSTOPABLE.
gatomontes99 replied to paxamericana's topic in Federal Politics in the United States
Nope: "Published Wed, Jul 30 20258:30 AM EDTUpdated 3 Hours Ago" Housing is slowing. -
AD of FBI Tweet Making News
gatomontes99 replied to gatomontes99's topic in Federal Politics in the United States
Maybe this? FoxNews Patel found thousands of sensitive Trump–Russia probe docs inside 'burn bags' in secret room at FBI FBI Director Kash Patel has turned over the documents to Senate Judiciary Committee Chairman Chuck Grassley -
We are selling Treasury Bonds regardless of what the Fed Reserve rate is. At least, with Treasury Bonds, we are using the money to fund the government. With the reserve, we pay them to put money where it goes unused. It is doing nothing for the government. It is doing nothing for the economy. It is just sitting there.
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https://x.com/FBIDDBongino/status/1949125573055332672?t=csCzzeS4whgCEeLPczNX0A&s=19 I don't like to do speculation, but this Tweet/post (still not sure what they are since the name change) is getting a lot of attention. Specifically, people are asking what could shake Bongino to the core and change him forever? He was formerly a Secret Service agent. So he's seen how DC works. What could he have uncovered that was so awful that it caused him to Tweet that? And, I have to believe Kash approved that Tweet.
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Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
He was there to sign the deal. He played golf because he was there. Why does that seem like such an awful thing? Obama played a ton of golf too as well as multiple trips to Hawaii. Bush went to the Southern White House almost every weekend. Presidential travel is normal. The hacks always try to make a thing out of it. It is a stupid distraction. I'd rather talk about the deal, removing the federal reserve interest rate, fixing the poker loop hole from the BBB, putting Epstein to rest, and just how f'd up it was the Obama faked intelligence to screw woth Trump. -
No one said it wasn't. This isn't about private funding. This is about public funding. A bill, passed by the house and senate and signed by the POTUS is the definition of a legal. Judges don't get to decide what or who the government funds and yes the government can pick and choose who they fund based on services provided.
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Up until 2007, the Federal Reserve was nothing more than a place banks had to keep cash to cover 10% of their deposits. The other 90% could go out in loans, treasury bonds, etc. It was a mandated 10%. Up until 2007, they got no interest for it. After 2007, the Federal Reserve paid out interest. Now, they are paying about $160B in interest per year of tax payer money. Ted Cruz wants to eliminate that: https://m.economictimes.com/markets/stocks/news/market-stability-threat-cruz-taps-trump-gop-allies-to-push-fed-overhaul/cruzs-controversial-proposal/slideshow/121822358.cms Cruz's controversial proposal Senator Ted Cruz is pushing a plan to end the Federal Reserve’s authority to pay banks interest on reserves. He claims this would save the U.S. government over $1 trillion. Cruz has discussed the idea with Donald Trump and Republican colleagues, emphasizing that half of the interest is paid to foreign banks—something he sees as senseless. (Source: Reuters) ‐--------------‐---------------- Here is the podcast where he talks about it towards the end: https://podcasts.apple.com/us/podcast/dems-poll-numbers-plummet-plus-how-to-save-%241trill/id1495601614?i=1000719464909 This will save the tax payers $1.6T over 10 years. It will put money back into the economy, instead of sitting in a vault. It will prevent us from funding foreign banks. The end result is a win, win, win for America. Yet, somehow this is contreversial.
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Well, that was absolutely awful testimony. This guy has never worked for a business. Let's say you owned a has station and had a 10,000 gallon tank. Im going to ignore operating costs, taxes, etc for the sake of simplicity and illustrating the principle here. And I'll use round numbers for simple math. So, let's say your supplier sells you gas at $2 per gallon. So it costs you $20,000 to fill the tank. If you sell the gas at $3 per gallon, your revenue is $30,000 and your profit ($30,000 - $20,000) is $10,000. At some point, your supplier say that the next tank will cost you $3 per gallon. If you don't change your pricing you'll have just enough money to cover the next tank. Which means you wont have any money left over. You will have to spend profit to stay open. So you change your price to $4 per gallon. You make $40,000 on the tank. Your profit is $20,000 because that gas had only cost you $20,000. When you buy the next tank at $3 per gallon, you are left with $10,000. To you, your profits are the same. But, on your books, your profits are up 100%. So, what really happened to corporations during the Biden inflation era? They had "record profits" and yet, somehow they lost cash: https://fred.stlouisfed.org/series/QFR201INFUSNO# We can see the spik from the closures in 2020. They weren't paying employees and residual sales came in. Then, when they reopened and inflation spiked, their cash reserves dropped considerably while "making record profits". Reich is cherry picking data. He wants to make the claim that corporations are evil and greedy because they charged replacement costs to remain solvent. It is a damnable lie to claim "record profits" while corporations were losing cash.
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Brandon is usually pretty good. Sometimes he's great. But this was another level.
