DonLever

Donald J. Trump, 45th US President of the United States

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20 minutes ago, HerrDrFunk said:

It's not so much that black people need a black candidate to vote for but more that neither Clinton nor Trump really made an effort to appeal to black voters at all; so they stayed home on election day. 

What appeals to a person of colour that doesn't to a person who is white?  Don't we all kind of want the same things:  equal opportunity?  

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6 hours ago, nuckin_futz said:

If you're not talking about Japan here it sure sounds like you are. They have a terrible demographic problem and a debt/GDP ratio of 238%. The next closest country is perennial basket case Italy who isn't even within 100 percentage points of them.

 

I have been waiting ten years for the money printing to manifest into inflation. It seems in the last ten years the old rule book regarding inflation and recessions has been tossed in the trash. If Adam Smith were here today I am certain he'd be shaking his head.

 

I wouldn't say the EU is imploding. But it ain't exactly thriving either. If I had to pick one word to describe the economic condition of the EU it would be "useless". There is just very little growth. Apart from a few pockets here and there like Ireland and Poland.

 

They have, the SEC has mandated banks improve net capital ratios (basically the cash they must have on hand at any time) and they undergo regular stress tests to make sure they have enough capital to withstand economic shocks greater than the Great Recession. For that matter so have banks in Europe, Canada, Australia etc.

 

That's because they sat out the first 3 years of the war, while the rest of the world including Canada was leaking blood and treasure. They used those 3 years to sell armaments to England (in many cases loaning them the money to buy said armaments) and the allies. In the three years they were on the sidelines their GDP averaged 18%. That's what got them out of the Great Depression.

 

You ain't kidding. There's currently $13 Trillion dollars in negative yielding bonds. Just typing that made me laugh. Imagine being a pension fund with a mandate to invest in AAA Governments bonds. "Thanks for lending us your money, please enjoy this tasty negative yielding sh*t sandwich". :lol:

 

Nope, not triggered in Europe (would actually be interested in hearing why you think that). The genesis of the crash was subprime mortgage debt in the USA. In early 2007 you could see the mortgage defaults piling up. Years of "liar" loans and "NINJA" loans (no income, no job applications) were coming home to roost. Soon mortgage lenders like Thornburg, New Century and Country Wide would buckle and circle the bowl. All the synthetic products created off those loans CDS's CDO's swaps etc. that were peddled all over the world as "AAA" <---- looking at you S&P, Moody's and Fitch (filthy lying sacks of crap) would soon infect the books of those who bought them and it spread from there.

 

The crap wouldn't really hit the fan until Mar 2008 when Bear Stearns went belly up. The counter parties to Bear's trades were mainly American Investment banks and some European Banks like Credit Suisse, UBS and Societe Generale. That is when this crap storm really infected Europe. The whole house of cards would implode in Sept 2008 when Lehman Bros couldn't find a dance partner.

 

I doubt the next crisis will be triggered by Europe. Mainly because as I stated above Europe is useless and not counted on to be a growth driver anymore. No one is going to be surprised if Europe continues to struggle and they have made preparations for that.

 

IMO look to China's mountains of debt or High Yield Corporate debt in the USA as the next trigger. But you better believe at the first sign of trouble central banks, especially the FED with rush to provide liquidity until the cows come home.

Great read, thanks. You cited a lot of good reasons why the USA will be the cause of the next financial crisis. I point at the EU because of their banking. I frankly don’t trust what they say. ie Deutsch Bank. House of cards. Italy credit is fake news. 

 

Both Russia and China are still buying gold. As you pointed out the Chinese debt could crash everything if they defaulted. Lots of triggers out there. No matter what the cause the fallout will be massive and could last for years. Scary that most young people have a blind faith that the government will bail them out. They should read more about the ‘30’s. 

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2 minutes ago, gurn said:

Imagine a day when people are just voters, not white or black or asian or male or female...………….   just voters.   Then reality hits and we are still stuck in this splintered world.

This is the best quote ever.  

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As an example of how screwed up people can get with their thoughts I offer this link and story about Michelle Obama:

https://www.msn.com/en-ca/news/newspolitics/michelle-obama-speaks-out-on-impeachment-proceedings-its-surreal/ar-BBXZpxI?ocid=spartandhp

 

In it she talks about her work helping to support girls education, and touches on how surreal the impeachment thing is; but says the American people will get through it just like other things they have survived.

 

The first comment by a poster says "that's not a woman, it's a man!"

 

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29 minutes ago, gurn said:

Imagine a day when people are just voters, not white or black or asian or male or female...………….   just voters.   Then reality hits and we are still stuck in this splintered world.

Come back to planet Earth in about 10,000 years. After so much interbreeding between the races everyone will be beige/tan.

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So much for the TRUMP Russia investigation being a biased witchhunt by angry Democrats.   Another long used talking point by TRUMP and co. shot down, but there is enough with the Page angle for this to persist. 

 

NPR Article link

DoJ IG Finds No Evidence Of Bias In Russia Inquiry But Problems In Page Surveillance

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2 hours ago, Alflives said:

What appeals to a person of colour that doesn't to a person who is white?  Don't we all kind of want the same things:  equal opportunity?  

Money talks....merit walks

 

Capt. Leroy.

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1 hour ago, thedestroyerofworlds said:

So much for the TRUMP Russia investigation being a biased witchhunt by angry Democrats.   Another long used talking point by TRUMP and co. shot down, but there is enough with the Page angle for this to persist. 

 

NPR Article link

DoJ IG Finds No Evidence Of Bias In Russia Inquiry But Problems In Page Surveillance

Looks like both sides of the spectrum have winning claims today..  although I'm sure most will discredit anything Barr has to say. That Durham  guy is also still around, it never ends does it.

 

Durham, who has worked for Republican and Democrat administrations, was appointed by Attorney General Bill Barr earlier this year to conduct a criminal investigation into how the Russia investigation was started and how a FISA warrant was obtained to spy on the Trump campaign. His investigative authority is broad and unlike the Inspector General, he has the ability to prosecute. His office is capable of issuing subpoenas outside of the Department of Justice, to individuals throughout the federal government, overseas and more.

The results of Durham's investigation are expected to be released in the coming weeks.  

 

https://www.nbcnews.com/politics/trump-impeachment-inquiry/ag-barr-condemns-ig-report-s-finding-fbi-probe-trump-n1098451 

 

Interesting statement Durham makes here on an active investigation .. 

 

Quote

"I have the utmost respect for the mission of the Office of Inspector General and the comprehensive work that went into the report prepared by Mr. Horowitz and his staff.  However, our investigation is not limited to developing information from within component parts of the Justice Department.  Our investigation has included developing information from other persons and entities, both in the U.S. and outside of the U.S. Based on the evidence collected to date, and while our investigation is ongoing, last month we advised the Inspector General that we do not agree with some of the report’s conclusions as to predication and how the FBI case was opened," Durham said in a statement.

 

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These Republicans are making me wanting to reach through my tv and punch them

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16 minutes ago, Duodenum said:

When the facts are on your side, pound the facts.

When the facts aren't on your side, pound the table. 

 

It's even more pronounced now because they know Big Daddy will be watching Fox News so they are trying to get a smarmy soundbite in lol. 

Gotta give Goldman credit for keeping a straight face on. 

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25 minutes ago, Duodenum said:

When the facts are on your side, pound the facts.

When the facts aren't on your side, pound the table. 

 

When you think voting Trump was a good idea, pound sand.

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2 hours ago, Chicken. said:

Looks like both sides of the spectrum have winning claims today..  although I'm sure most will discredit anything Barr has to say. That Durham  guy is also still around, it never ends does it.

 

Durham, who has worked for Republican and Democrat administrations, was appointed by Attorney General Bill Barr earlier this year to conduct a criminal investigation into how the Russia investigation was started and how a FISA warrant was obtained to spy on the Trump campaign. His investigative authority is broad and unlike the Inspector General, he has the ability to prosecute. His office is capable of issuing subpoenas outside of the Department of Justice, to individuals throughout the federal government, overseas and more.

The results of Durham's investigation are expected to be released in the coming weeks.  

 

https://www.nbcnews.com/politics/trump-impeachment-inquiry/ag-barr-condemns-ig-report-s-finding-fbi-probe-trump-n1098451 

 

Interesting statement Durham makes here on an active investigation .. 

 

 

They have been pumping up this IG support for sometime now. When it doesn’t suit their narrative they just keep investigating until someone “finds” something that loosely fits their agenda. They do a twirl, a back flip and spin. Same thing they did with Clinton.... 7 congressional investigations later...

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23 minutes ago, Pears said:

Gotta give Goldman credit for keeping a straight face on. 

Though there was a look in his eyes when Collins tried to impugn his character and integrity with no way to speak to it that made one wonder what might happen should Collins say that to him in a darkened alley somewhere. This is one of those days where it feels like a person wants to scrub themselves down with lye soap to wash off the stench of Republican antics that have no place taking place during this hearing  Matt Gaetz should have been removed this morning after his second childish outburst. He did everything but stomp his feet and march out of the room slamming the door.

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18 minutes ago, Canorth said:

They have been pumping up this IG support for sometime now. When it doesn’t suit their narrative they just keep investigating until someone “finds” something that loosely fits their agenda. They do a twirl, a back flip and spin. Same thing they did with Clinton.... 7 congressional investigations later...

Yeah. Some (partisan hacks) are saying the report suits their narrative just fine, its merely the media headlines claiming that the 'no bias found' line debunks all previous assertions of wrongdoing. I guess we'll see the spin or if any new heads roll.. 

 

 

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8 minutes ago, Chicken. said:

Yeah. Some (partisan hacks) are saying the report suits their narrative just fine, its merely the media headlines claiming that the 'no bias found' line debunks all previous assertions of wrongdoing. I guess we'll see the spin or if any new heads roll.. 

 

 

 

And yet.....and yet.... Republicans repeatedly claim that the Mueller report completely exonerated Trump. Which is it, Republicans? You cannot have it both ways. Funny how it's perceived that Democrats are out to lunch for thinking that there is a spin contained within those headlines yet when it's 'total and complete exoneration' courtesy of the Mueller Report being spun then it's gospel....handed down from the mountain and carved in stone. Honestly, it's a wonder most Republicans and Trump supporters aren't wearing neck support from all the whiplash and spin they've been partaking in the last 4 years. :frantic::rolleyes::frantic:

Edited by Cerridwen
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4 hours ago, Chicken. said:

Yeah. Some (partisan hacks) are saying the report suits their narrative just fine, its merely the media headlines claiming that the 'no bias found' line debunks all previous assertions of wrongdoing. I guess we'll see the spin or if any new heads roll.. 

 

 

Might as well post the whole part:

 

Our role in this review was not to second-guess discretionary judgments by Department personnel about whether to open an investigation, or specific judgment calls made during the course of an investigation, where those decisions complied with or were authorized by Department rules, policies, or procedures. We do not criticize particular decisions merely because we might have recommended a different investigative strategy or tactic based on the facts learned during our investigation. The question we considered was not whether a particular investigative decision was ideal or could have been handled more effectively, but rather whether the Department and the FBI complied with applicable legal requirements, policies, and procedures in taking the actions we reviewed or, alternatively, whether the circumstances surrounding the decision indicated that it was based on Executive Summary Review of Four FISA Applications and Other Aspects of the FBI's Crossfire Hurricane Investigation inaccurate or incomplete information, or considerations other than the merits of t he investigation. If the explanations we were given for a particular decision were consistent with legal requirements, policies, procedures, and not unreasonable, we did not conclude that t he decision was based on improper considerations in the absence of documentary or testimonial evidence to the contrary.

 

In other news, the FBI Director supported the findings of the Inspector General report. This is after the stooge WIlliam Barr said he was more shocked than anyone by the findings of the IG report lmao. How many times are they going to embarass themselves. Time for Hilary investigation number 4,563 while they come up a spin job for this one and wait for Durham to provide nothing as well. 

 

Also, how does white supremacist Stephen Miller still have a job. 

Edited by Duodenum
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