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POLITICAL THREAD

How will they rule ??!

  • YES - Qualified

    Votes: 41 82.0%
  • NO - Disqualified

    Votes: 9 18.0%

  • Total voters
    50
  • Poll closed .
Anyone who believes in a higher power should want to help their neighbors when they need it.
Agreed. I’m a firm believer in private, faith-based charities. For that matter, I even prefer secular charities over government-based aid.

For all of our country’s faults, apart from God Himself, we are still the greatest force for good in the history of mankind.
 
Huh. Tough to cry when there isn’t anything to cry about.

You all are cute. Let’s do a heat check in two years to see how everyone is doing. I would imagine whatever imaginary number you’re dreaming up that Trump is spiraling towards with all his decisions is going to miss the mark.
I'll mark this post. And I GUARANTEE you won't have the balls to show up here and eat crow.

TWO YEARS.

Coward.

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I've invested in the stock market nearly 37 years total. Constantly monitoring. Own stocks via brokerage accounts and through Dividend Reinvestment Plans. Own 3 German issues through American Depository Receipts (ADR). And who am I? Just some poor-ass hick from KY.

If you desire additional insight, then I highly suggest you read Benjamin Graham.

Always Invest With a Margin of Safety.

Expect Volatility and Profit From It
.

Know What Kind of Investor You Are.

More buy opportunities happening ever day in this current environment. Problem is too many are unwilling to run the marathon, but want it all now. That's BS.

Until my next lesson, Señor.
Fine, but that's not what most, by far, want to spend their time doing. So diversify, hold, & correct when things get out of balance when checking every 6/12 months. And if you don't trust yourself, hire a low fixed cost advisor.
 
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How many bankruptcies has the “self-made” billionaire gone through?

Oh, and btw, just for the sake of logic, no billionaire is self-made. Not one.
Lets see:

Clearly you don't understand the real estate development industry... or bankruptcy strategies.

Therefore, I'm simply wasting my time with you... off to "Ignore" with your fellow idiots.
 
She tried that in part when she was paying part of her mother and brothers bills. I was giving her an allotment out of my account to help her continue to help them, but it got to the point that it was coming to a head with them. Neither were working and they were needing more and more. Finally, I pulled the plug when my MIL's X (wife and BIL's father) offered them to come and live with him in Florida. MIL said no, but the money they (MIL and BIL) had dried up and my wife could not handle the whole thing, and I refused to do so (needed to pay for all of our bills including house before I bite it). So, they had no choice but to leave.

They are both hating it there and want to come back but I told my wife I am not giving any more money until I pay things off. She wants to buy them a house but can't do it alone.

Ouch, am sorry about that, it is a pain to deal with. Back when my Dad was alive he had married again and his wife was about my age. She drained him and tried to drain us but I don't play that. They had money to eat so that was okay. I half expect her to show up some day at our door begging. Of course she knows how to get every dollar out of the government so she is surely not doing too badly living where I think she still lives.

I always told my wife as a caveat, as long as you make good decisions, you're in charge. She does make very good decisions so... I am thankful...

This South Korea thing though is causing some serious issues... Just horrible what is going on over there.. Could happen here BUT, citizens here have guns...
 
How many bankruptcies has the “self-made” billionaire gone through?

Oh, and btw, just for the sake of logic, no billionaire is self-made. Not one.


I chuckle every time I see a Leftie use this argument. Trump had how many bankruptcies and how many total businesses? Only those that have never owned a business attempt this ignorant excuse. It reveals a lack of understanding of business and the bankruptcy laws.

But career low wage employees love to use it.
 
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Utah, NM, Col... all the same shithole place, IMO.

Drove to Farmington, NM for a TTORA takeover in 2007 and then went up to MOAB in Utah for a couple days after that. Top-notch wheeling, had a great time with the club guys, but our experience with the locals was so bad everywhere we went, that was my last trip out west, probably ever... and that was 20 years ago.

I've been in places where I've felt unwelcome, but being made to feel less-than be an entire society is F'd-up.
Love the areas, been to all multiple times, no problems with locals. Would go back in a heartbeat.
 
The Fed has a lot (total except at the margins) of control over what companies and consumers with lines of credit borrow at.

The bill that is coming due is the refinancing of US government borrowing which is separate from the Federal Reserve.

Those rates are determined by whatever the government can get on the market, not what some dipshit economist decides he wants rates to be.

Mortgage rates track the 10 year treasuries much closer than the fed funds rate.

So, by crashing the stock market and introducing tons of uncertainty, coupled with an expressed willingness to stop lighting money on fire, the hope is people will be plowing money into treasuries, which drives down the rates the government has to pay when it refinances $10 trillion of treasonous yellen short term borrowings.

That will have the added benefit of driving down mortgage rates.
This is a very intricate plan that requires multiple facets to work and is not without risks.

1. We have $9.2T of debt that must be refinanced this year. 6.5 due by June.

This debt is likely to be rolled into 10-yr bonds. We will save a lot of money every time the rate drops.

When do the yields go down? When the market is spooked.

Sweep in tariffs that cause uncertainty, money exits stocks and floods into the treasury.

This is considered a deliberate detox to cool the economy and cut finance costs (the refinance rates of the 9.2T mentioned earlier).

2. The lower rates are a big savings but not enough, the debt is still massive, the most impactful move is to massively cut the deficit.

Hello DOGE! Cutting 4B per day would shave $1T before the end of the year.

Refinancing the debt at a lower rate and cutting the deficit frees up room for Scott Bessent’s 3-3-3 plan.

Reduce the fed Budget to 3% of GDP
Achieve 3% of Real GDP Growth
Increase production by 3M barrels of oil per day.

Tariffs are the trigger for domestic industrial revival – make imports expensive, US producers step up.

But factories cannot scale up immediately, thus the short-term pain for consumers.

Enter the tax cuts to lessen the pain.

The tariffs are expected to bring $1B annually. But they are not the end goal, they are the trigger for this plan.

In the short term there will be winners and losers. Manufacturers: steel, auto, textiles will be winning, retail will be the big loser.

The reason for doing all of this now is simple. Trump has 18 months until the midterms, and there is hope that the economy will have made a big rebound before then.

The clock is ticking.

Great minds. 👍
 
My journey to retirement, definitely didn't FEEL like a free ride. I can tell you that.

Codger story alert:

My last semester of college, I worked fulltime, 3rd shift, took 28 hours (had to get my advisor to sign off on it), had two kids, ages 3 and 6 and a wife that was a Stage 5 c***. LOL

I was 29 and it damn near killed me. 🤣

and, in a case of extremely bad timing, was not eligible for the GI bill. (it took me *edited 8 years to pay off my student loans)

I wonder if I can get that loan payoff back retroactively?
 
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My journey to retirement, definitely didn't FEEL like a free ride. I can tell you that.

Codger story alert:

My last semester of college, I worked fulltime, 3rd shift, took 28 hours (had to get my advisor to sign off on it), had two kids, ages 3 and 6 and a wife that was a Stage 5 c***. LOL

I was 29 and it damn near killed me. 🤣

and, in a case of extremely bad timing, was not eligible for the GI bill. (it took me 12 years to pay off my student loans)
So why did you get yourself in that position? I'd guess lots of pre-planning.
 
So why did you get yourself in that position? I'd guess lots of pre-planning.

Screwed around my first two years of college out of high school (my Dad says I wasted 2 years of MY time and HIS money, and he was right) So I joined the Air Force. Married the wrong woman, compounded that by having two kids with her, but I didn't want to stay in the service, I wanted to go back to school. So yeah, I never said it wasn't of my own doing, but what I didn't do was whine about it. I just worked my ass off. Damn, we were ridiculously poor while I was in school. LOL The big treat for the week, when I could afford it, was to get a Hot and Ready Little Caeser's and a twack of Milwaukee's Best on Saturday night. 🤣

I had to sell one of my kidneys to get the downpayment on my first house.

(kidding of course, I was eligible for a VA loan) Shew, that was in a rough area, but the payment was only 450 a month.

(I built a huge deck on the side/back of that house. 14x24, and I'm proud to say that the last time I was in that area, I cruised by the old house and it's still standing. Doing the math, that deck is 31 years old. Somewhat surprising because the backyard was a STEEP slope, and so the far posts are about 10 feet above ground level. I ordered all of the lumber, hangers, screws, everything from 84 lumber, and I remember that the total was 2100 dollars. I wonder what that would cost today?)


😵‍💫
 
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The Fed has a lot (total except at the margins) of control over what companies and consumers with lines of credit borrow at.

The bill that is coming due is the refinancing of US government borrowing which is separate from the Federal Reserve.

Those rates are determined by whatever the government can get on the market, not what some dipshit economist decides he wants rates to be.

Mortgage rates track the 10 year treasuries much closer than the fed funds rate.

So, by crashing the stock market and introducing tons of uncertainty, coupled with an expressed willingness to stop lighting money on fire, the hope is people will be plowing money into treasuries, which drives down the rates the government has to pay when it refinances $10 trillion of treasonous yellen short term borrowings.

That will have the added benefit of driving down mortgage rates.
See? Just like I said earlier, I learn a lot on here. Lefties take note. That is what happens when you listen and why you were born with ONE mouth and TWO ears (hopefully) LOL
 
I don’t hate anyone. I want everyone in the US and the whole world to do well. These policies are basically going to make quality of life worse for Americans the most but also the rest of the world. Over the last 40 years the American economy, has prospered and lifted billions of other people worldwide out of poverty.

We can have our cake and eat it too. The long term effects of these tariffs is going to be the world moving on without the US. We aren’t trustworthy anymore as a trade partner and the world will oblige us with leaving us to ourselves in our little island over here in between the Atlantic and Pacific. We will have less because we don’t have the human capital necessary to produce the wealth of goods and services we are accustomed to. Basically what we ourselves can make for us to consume is much less than what we can consume in a free trade scenario because we have more money than everyone else. The first step in making us poorer is erasing the projected future earnings of our companies. That erased the value of owning these companies which is what we saw in the stock market. He next step is going to be as actual products prices go up and products start disappearing from our shelves. The next part will be job shifting. The goods US produces domestically and exports will start slowing and people will lose jobs there while others gain jobs in things that are necessities that we have to start making here. Trading software engineers for tee shirt makers basically.

I am disheartened by the glee you all seem to have in peoples suffering. You like to see foreigners suffer, you relish Americans losing money in the stock market, you think there is some great future for you, but that’s only cause you don’t understand. My view of your attitude is that you would rather see us suffer under Republican leadership no matter who it is then prosper under anyone else. Why do I think this? Because over the last 20 years I have seen the people in this forum dismiss every single good thing that has happened under Democratic leadership and relish the bad things that happen under Republicans.

I want people to do well and moving forward under these policies more people will suffer than do well. Also I’m not a patriot. I don’t really care if someone is American, Mexican, Chinese, Russian, whatever. We all have a right to be free and prosperous. Leaders who see the world as a game of stealing prosperity from others are the problem with the world not the solution. Trump is one of those people so I don’t support him. We have words for that and they’re called selfish or greedy at best, and maybe evil at worst. All I know is with one fell swoop on 4/2/2025 Trump made the world a worse place to live for everyone and we in the US will bear the majority of that cost.
Like I said early, they ask others to explain and then shout it down and circle jerk around it.

 
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