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Everything posted by gatomontes99
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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.
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Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
Its a fantasy world to say that traveling to Scotland to sign a massive deal os waste just because he played some golf. Its a fantasy world to think that BRICS can succeed. You love in a fantasy world. -
Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
Just because, in your fantasy world, you want this to be true doesn't mean we have to participate. This is the most consequential 6 months + of any peace time presidency in our history. -
Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
You must not have any bones, because I've never seen anyone so flexible to that they twist themselves into that many knots. Every single president takes breaks at resorts, etc. And most of that number you put in the estimate is his security detail that gets paid either way. -
As more comes out about the deal: $1.3T in new investments in the US 15% tariff on all EU imports Opened the market to US made cars and eliminated tariffs on those cars And the big one: EU will buy US LNG in lieu of Russian gas. That could help end the war in Ukraine.
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Trump off to Scotland
gatomontes99 replied to herbie's topic in Federal Politics in the United States
That's not fraud or waste. FFS, he signed a trade deal worth $1.3T that got the EU to buy American LNG in lieu of Russian gas while raising tariffs on EU imports and opening up their market to US made cars and eliminating tariffs on saod cars. That is worth a few million bucks. -
Meme/Cartoon of the Day
gatomontes99 replied to WestCanMan's topic in Federal Politics in the United States
Speaking from experience?
