Politics

[Scott CWO]

When Titans still walked the earth.

Those were the days!

 

[wesheltonj]

When Titans still walked the earth.

Unfortunately, no more of those survive that could get elected.

 

[Newboomer]

When Titans still walked the earth.

A magnificent pair, unequalled.

 

[WAB]

A magnificent pair, unequalled.

Argentina found out the hard way that you don’t mess with the Iron Maiden.

 

[spike.t]

I just finished my evening walk to the park with my wife, grown daughter and the 2 bull terriers. Two, because we’re masochists. We saw a group riding a 7-person bike and immediately I drew a political analogy. Yes, my dear wife has put up with this for 39 years. Saint.

Anyway, to the analogy. I said that the problem with such a device is socialism. The wife shot me the same pained expression I received at lunch when I told her that I had purchased a 416 Rigby off AH this morning. #thegunthatnearlyruinedEaster.

Anywayyyy….the problem with a bike like this is…...Inevitably one of the peddlers figures out that they don’t have to peddle. Just let their feet go round and round. Soon, there’s only one person peddling to give the six other asses a ride. When that guy stops peddling, forward progress ceases.

Follow me for more incisive political thought.

View attachment 527569

Saw similar in nashville when at sci, but it was a long tab j e serving as a bar with people sat along both sides drinking and singing to the music it played...the operator was in control of steering it...was wondering what happened when people got seriously pissed and fell off.... and as well as that I was thinking fk that ....why would I want to peddle trying to drink when there are seemingly hundreds of perfectly good stationery bars playing live music here.....

 

[spike.t]

This subject really seems to be big news at the moment....any expert opinion on here....to me the weaponising of the usd is something that hasn't gone down well around here ...so can unfortunately see why a lot of countries are going to go this way and join ....as it says while cats not paying attention the mice will play....

Economist sounds the alarm on the 'greatest enemy to the US dollar': 'It's the US Treasury'

'Currency Wars' author and economist Jim Rickards unpacks global threats to the U.S. dollar after Malaysia and China renew talks about an Asian Monetary Fund.

www.foxnews.com

 

[spike.t]

And another one to think about

BRICS Countries Overtake G7 Nations in Global GDP (PPP) to Become Economically More Powerful

The BRICS countries have officially overtaken the G7 nations in Global GDP to shift the scales of international economic power

watcher.guru

 

[Ray B]

I'm not an expert and it's been nearly 50 years since I received my degree in economics but I did learn from the best. The underlying problem is that people in general and politicians in particular are confusing money with wealth. Money in the form of printed currency has no value in itself- it's value is determined by the wealth (goods & services- G&S) that it represents. Basically, an extension of the old gold standard, where a $$ bill was a certificate indicating a specific amount of gold. Since the value of gold was subject to market conditions a system was needed to match $$ with total G & S. The FED was originated with that purpose- to determine the amount of the country's wealth and match the money supply to that total.
If money supply is increased by printing or faster yet, just entered as a deposit in a bank account but there is no increase in G&S then the value of the individual dollar will decrease until the total number of dollars equals the total G&S.
People from other countries use the US dollar as the benchmark and "denominator" for valuing one currency to another for determining their exchange rates.
Their is a lag for currency totals because currency is a function of G&S, G&S changes and currency total changes to match. So there is always an up & down in currency value but presently what is happening is that the currency total has been increased by a quantum amount (Trillions) but not only has G&S not increased to match the currency, the G&S has decreased. Inflation is the term being used for the present adjustment between currency & G&S. A better description is deflation of currency.
When other country's currency is made less valuable because its value is tied to US dollars and the US dollar is being deflated and this deflation is not a result of short-term adjustments. the effects of the US dollar deflation extend to other currencies. the holders of those currencies will start looking for an alternative currency.
If the other countries conclude that the US dollar will not recover is a reasonable amount of time they will look for a currency that has sufficient backing in G&S to support its use as the benchmark. At present the Chinese economy is the source of G&S sufficient to be used as a benchmark currency should the Chinese government want to involve itself with the responsibilities of being that currency.

 

[Doug3006]

I think Peter Zeihan has the right take on the USD.

 

[Scott CWO]

Argentina found out the hard way that you don’t mess with the Iron Maiden.

Reg Collingwood, a now retired Stone’s sheep outfitter in BC, had some good stories about Maggie. His dad and her were first cousins I believe.

 

[PARA45]

 

[CoElkHunter]

I think Peter Zeihan has the right take on the USD.

Yep, there is NO more stable, non manipulative currency in the World other than the "greenback" as Mr. Zeihan pointed out here. As we have seen many times over, the Chinese have manipulated their currency to boost and protect THEIR economy. What countries want to partake in that fiasco as having the yuan the World's benchmark currency? NONE!

 

[fourfive8]

 

[wesheltonj]

I just heard in the EU, you can no longer pay in cash for over 1k or face jail time all thanks to digital currency. And it’s on the way to the USA. The inflows to Switzerland and Liechtenstein will be huge.

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52022AB0009

 

[Doug3006]

I just heard in the EU, you can no longer pay in cash for over 1k or face jail time all thanks to digital currency. And it’s on the way to the USA. The inflows to Switzerland and Liechtenstein will be huge.

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52022AB0009

Noncompliance in the US would be off the chain!

 

[Ray B]

I suspect a lot of items will be sold as parts: That $2900 rifle is now: $967 for the barrel, $967 for the action & $966 for the stock. Guess that's why they need 87,000 new IRS agents to spend their days going over receipts to tie them together.

 

[Boyd Brooks]

 

[BSO Dave]

 

[Kevin Peacocke]

View attachment 527959

I would have said dick head

 

[BSO Dave]

Pompey or Desantis for me .
There is a long time before the primary and the dems are going to either drag Trump around the courts in an effort to taint him with women and moderates , or they are going to make his base think he is a martyr and he might win the nomination.
I am done with losing and voting for Trump.

The dems have attempted to taint Trump with women and moderates since Day-1... They have also attempted to charge him with every crime imaginable since his election.. Has it worked?

Not exactly.. Trump actually received more votes across the board from women in 2020 than in 2016. The latino and black vote also turned out more for Trump in 2020.. Trump's support from black women, although miniscule in 2016, (4%) actually doubled in 2020 to 8%..

The left's strategy of "get Trump at all costs" seems to be backfiring. The latest NYC indictment has only increased his overall poll numbers from republicans, and he is already a martyr in the eyes of his base.. His martyrdom was established long before this latest indictment..

Trump fails with left-leaning independents whose numbers are estimated to grow by 2024. This is the demographic that the dems have had the most success in motivating in the 2022 midterms.. That's not a good statistic regardless of who the republican nominee turns out to be.

I understand those of you who are ready to move on from Trump, but I cannot comprehend the ideology of not voting for him should he once again become the republican nominee? What are you accomplishing by withholding your vote other than to ensure another 4 years of a death march into socialism?

Watch and read Ivanka his daughter. There is a reason why she is done supporting her father and being in politics. Her dad can’t control himself.

She is done supporting her father because much of her social political views are left-leaning.. She does not agree with a great deal of the MAGA agenda.. Ivanka or her husband were no great compliments to Trump's administration, and they will be no great loss to conservative politics. Ivanka and her husband are far from what I consider to be conservative..

If she intended to distance herself from her father, why did she buy a home in Florida after the election? She still makes her living from the Trump name, so I doubt she will go too far..