billisonboard
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Post by billisonboard on May 23, 2019 19:28:14 GMT -5
Trump offers $16 billion in aid for farmers hurt by trade war with ChinaThe Agriculture Department said Thursday it will provide $16 billion in assistance to farmers to help offset their losses triggered by the ongoing trade conflict with China and other countries. Not sure how that works. Did Congress budget an extra $16b of our tax money to the Agricultural Department to have just in case President Trump wanted to give it to farmers?
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Tennesseer
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Post by Tennesseer on May 23, 2019 19:30:10 GMT -5
All this winning is exhausting...my wallet.
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busymom
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Why is the rum always gone? Oh...that's why.
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Post by busymom on May 23, 2019 19:58:14 GMT -5
Aw, he just asked Russia for another loan. Or China. Or, whoever. After all, those pesky things don't ever need to be paid back, right?
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Cheesy FL-Vol
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Post by Cheesy FL-Vol on May 23, 2019 20:10:44 GMT -5
He is the king president. He can order his our treasury to print money for whatever he wants.
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justme
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Post by justme on May 23, 2019 22:15:16 GMT -5
Waiting for the subsidy for the increased prices for groceries and goods...
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Tiny
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Post by Tiny on May 24, 2019 10:35:05 GMT -5
Do the farmers have to pay this money back? Or is it welfare?
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thyme4change
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Post by thyme4change on May 24, 2019 10:46:45 GMT -5
I just got an email from one of our hardware suppliers yesterday in fact. "Due to the tariffs we are increasing our prices 15%" Mr. trump do you see my open hand? We announced a price increase due to the tariffs and 2 major customers told us to call them when we drop the tariff.
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Deleted
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Post by Deleted on May 24, 2019 11:49:48 GMT -5
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billisonboard
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Post by billisonboard on May 24, 2019 15:02:37 GMT -5
Oh well, fuck it, "Obama".
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weltschmerz
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Post by weltschmerz on May 24, 2019 15:07:51 GMT -5
This might come as a shock to you, but Obama isn't POTUS.
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djAdvocate
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Post by djAdvocate on May 25, 2019 0:34:57 GMT -5
This might come as a shock to you, but Obama isn't POTUS. moreover, understanding how quantitative easing is a gift to anyone is a herculean feat.
even with my avid interest in and fair understanding of economics, I don't get it.
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Deleted
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Post by Deleted on May 25, 2019 11:58:46 GMT -5
Oh well, fuck it, "Obama". Really doesn't matter who's the president when you dilute the currency. It happened. By your post, you seem sensitive that it happened on Obama's watch. Does that interfere with any message that you have been trying to deliver about Trump ? As Trump affected a good economy without a $4 trillion dilution, along with zero interest rates like Obama had. It definitely screws with Cheezy's portrayal. Quote; During the QE programs conducted by the U.S. Federal Reserve starting in 2008, the Fed increased the money supply by $4 trillion. This means that the asset side of the Fed's balance sheet grew significantly as it purchased bonds, mortgages, and other assets. The Fed's liabilities, primarily reserves at U.S. banks, grew by the same amount. The goal was that the banks would lend and invest those reserves to stimulate growth.www.investopedia.com/terms/q/quantitative-easing.asp
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Deleted
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Post by Deleted on May 25, 2019 12:51:38 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long.
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Opti
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Post by Opti on May 25, 2019 14:08:33 GMT -5
I am wondering how you can logically say its a 4 trillion dollar gift to the rich - which I realize technically the article you are posting did. Now that it is 2019, perhaps you can show how much of that wealth actually ended up with rich people. From the article- The Fed’s balance sheet rose from $850 billion before the crisis to over $4 trillion. It now owns 25% of all outstanding US government securities and 30% of all mortgage-backed securities.
The Fed can’t just sell them or all that extra money will cause inflation. And they can’t just be thrown in a pile and burned — at least, I don’t think they can. The fact that QE was unprecedented makes the ending to this story an unknown.
And if the Fed — as has been proposed — is allowed to keep those bonds until maturity there is no telling what the effect will be on future economic activity.
Will bond buyers in the year 2020 become reluctant to lend the US government money knowing that this pile of QE bonds owned by the Fed is still looming over the market?
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Opti
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Post by Opti on May 25, 2019 14:10:27 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. Personally, I am not convinced you have much of a clue on the economy. So back to the bonds. What did bond buyers do so far in 2019? What are the predictions for 2020?
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billisonboard
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Post by billisonboard on May 25, 2019 15:22:06 GMT -5
Oh well, fuck it, "Obama". ... By your post, you seem sensitive that it happened on Obama's watch. ... If you read my OP, you might see that the topic was the budgeting process that apparently gives the Agricultural Department $16b to be used at the discretion of the current President. It appears that you, always looking at everything as an attack on that current President, found it necessary to attack the former President instead of discussing the topic I offered. My second posting was frustration with that kneejerk reaction of "Obama".
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Cheesy FL-Vol
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Post by Cheesy FL-Vol on May 25, 2019 15:36:57 GMT -5
Oh well, fuck it, "Obama". Really doesn't matter who's the president when you dilute the currency. It happened. By your post, you seem sensitive that it happened on Obama's watch. Does that interfere with any message that you have been trying to deliver about Trump ? As Trump affected a good economy without a $4 trillion dilution, along with zero interest rates like Obama had. It definitely screws with Cheezy's portrayal. Quote; During the QE programs conducted by the U.S. Federal Reserve starting in 2008, the Fed increased the money supply by $4 trillion. This means that the asset side of the Fed's balance sheet grew significantly as it purchased bonds, mortgages, and other assets. The Fed's liabilities, primarily reserves at U.S. banks, grew by the same amount. The goal was that the banks would lend and invest those reserves to stimulate growth.www.investopedia.com/terms/q/quantitative-easing.aspBush was president in 2008.
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weltschmerz
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Post by weltschmerz on May 25, 2019 16:20:07 GMT -5
Obama was sworn in on January 20th, 2009. Did he go back in time? That's quite a feat!
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mollyc
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Post by mollyc on May 25, 2019 19:43:53 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. As an aside, while you may be right that Virgil has skipped out, I was under the impression that Fatherhood was pending along with other more important real world things. Perhaps I misunderstood.
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dezii
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Post by dezii on May 25, 2019 21:14:49 GMT -5
Trump offers $16 billion in aid for farmers hurt by trade war with ChinaThe Agriculture Department said Thursday it will provide $16 billion in assistance to farmers to help offset their losses triggered by the ongoing trade conflict with China and other countries. Not sure how that works. Did Congress budget an extra $16b of our tax money to the Agricultural Department to have just in case President Trump wanted to give it to farmers? What isn't mentioned is that $12 bILLION WAS SET ASIDE FOR FARMERS LAST YEAR WHEN THE TARIFFS WERE FIRST PUT ON...ALSO, WHAT IS NOT MENTIONED, A BLACK FARMER WAS JUST INTERVIEWED on CNN, AND WHILE HE HAD APPLIED FOR SOME OF THAT $12 bILLION...YES HE QUALIFIED...AS OF THIS DATE , [oops, sorry for the caps...me bad] he still hasn't received any monies from last year...also not mentioned is there is a lot of paper work to go through to apply for these subsidies....it's not like smaller farmer have the office staff to do these things...it's up to the farmer and or family to do these paper work things. Also not mentioned, is the Donalds claim that these subsidies will be paid by China as their costs of tariffs...That too is not true...it is the businesses importing what ever who are paying the tariffs...either passed on to the consumers...[us] or absorbed by the businesses importing the products...increased cost of the goods...example, steel used in autos ...either absorbed by the manufacturers …[doubt that] or passed on in higher cost to the consumers..[most likely]
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dezii
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Post by dezii on May 25, 2019 21:26:03 GMT -5
I just got an email from one of our hardware suppliers yesterday in fact. "Due to the tariffs we are increasing our prices 15%" Mr. trump do you see my open hand? We announced a price increase due to the tariffs and 2 major customers told us to call them when we drop the tariff. Not knowing your business...but unless they can find whatever they purchased from u at lower costs, may be back sooner or just for spite purchase from other supplier...will probably attempt to pass new cost on to their customer.. From what I understand in my readings over the years, the Donald is not incorrect in seeking help with imports...however, my feeling is his public brow beating of COUNTRIES AND THEIR LEADERS as he did with locals in his real estate dealings as a private business man. These political leaders of other countries..have to answer to their people...in Chinas case...the party big wigs...He , Trump, may claim to be the big negotiator but in reality hasn't a clue on how to do it with other national leaders....correct way is privatly and only when both parties are satisfied, can show a win...then and only then do u come out publicly and blow your own horn.
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dezii
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Post by dezii on May 25, 2019 21:29:03 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. Then I guess u can be our resident economist guru here...
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Deleted
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Post by Deleted on May 26, 2019 9:52:14 GMT -5
I am wondering how you can logically say its a 4 trillion dollar gift to the rich - which I realize technically the article you are posting did. Now that it is 2019, perhaps you can show how much of that wealth actually ended up with rich people. From the article- The Fed’s balance sheet rose from $850 billion before the crisis to over $4 trillion. It now owns 25% of all outstanding US government securities and 30% of all mortgage-backed securities.
The Fed can’t just sell them or all that extra money will cause inflation. And they can’t just be thrown in a pile and burned — at least, I don’t think they can. The fact that QE was unprecedented makes the ending to this story an unknown.
And if the Fed — as has been proposed — is allowed to keep those bonds until maturity there is no telling what the effect will be on future economic activity.
Will bond buyers in the year 2020 become reluctant to lend the US government money knowing that this pile of QE bonds owned by the Fed is still looming over the market?
Easy enough answer, I didn't say it.
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Deleted
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Post by Deleted on May 26, 2019 9:54:33 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. Personally, I am not convinced you have much of a clue on the economy. So back to the bonds. What did bond buyers do so far in 2019? What are the predictions for 2020? And I'm not here to convince you of anything. People who offer help for free, usually don't have much to offer. Easy enough for you to watch the bond rates youself. You can come to your own conclusions on buy/sell. Or if fiat money values should concern you.
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Deleted
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Post by Deleted on May 26, 2019 9:56:11 GMT -5
Really doesn't matter who's the president when you dilute the currency. It happened. By your post, you seem sensitive that it happened on Obama's watch. Does that interfere with any message that you have been trying to deliver about Trump ? As Trump affected a good economy without a $4 trillion dilution, along with zero interest rates like Obama had. It definitely screws with Cheezy's portrayal. Quote; During the QE programs conducted by the U.S. Federal Reserve starting in 2008, the Fed increased the money supply by $4 trillion. This means that the asset side of the Fed's balance sheet grew significantly as it purchased bonds, mortgages, and other assets. The Fed's liabilities, primarily reserves at U.S. banks, grew by the same amount. The goal was that the banks would lend and invest those reserves to stimulate growth.www.investopedia.com/terms/q/quantitative-easing.aspBush was president in 2008. You might note the first line on my post you quoted.
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Deleted
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Post by Deleted on May 26, 2019 9:58:06 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. Then I guess u can be our resident economist guru here... It would be wasted. More on some than others.
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Deleted
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Post by Deleted on May 26, 2019 10:01:41 GMT -5
... By your post, you seem sensitive that it happened on Obama's watch. ... If you read my OP, you might see that the topic was the budgeting process that apparently gives the Agricultural Department $16b to be used at the discretion of the current President. It appears that you, always looking at everything as an attack on that current President, found it necessary to attack the former President instead of discussing the topic I offered. My second posting was frustration with that kneejerk reaction of "Obama". Yes, your absolute statement is absolutely correct. I'm always looking at everything as an attack. I'll jump right on defending from your premise of a knee-jerk reaction also. Or... You might want to look how long QE continued under Obama, along with zero interest rates and tell me how to say it without bringing up Obama in regards to the economy, and your knee-jerk defense of him.
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thyme4change
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Post by thyme4change on May 26, 2019 10:29:48 GMT -5
We announced a price increase due to the tariffs and 2 major customers told us to call them when we drop the tariff. Not knowing your business...but unless they can find whatever they purchased from u at lower costs, may be back sooner or just for spite purchase from other supplier...will probably attempt to pass new cost on to their customer.. From what I understand in my readings over the years, the Donald is not incorrect in seeking help with imports...however, my feeling is his public brow beating of COUNTRIES AND THEIR LEADERS as he did with locals in his real estate dealings as a private business man. These political leaders of other countries..have to answer to their people...in Chinas case...the party big wigs...He , Trump, may claim to be the big negotiator but in reality hasn't a clue on how to do it with other national leaders....correct way is privatly and only when both parties are satisfied, can show a win...then and only then do u come out publicly and blow your own horn. Our primary competitors sources from other countires that do not have tariffs. Their retail price stayed the same, where ours will have to breach the all important $19.99 mark.
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Deleted
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Post by Deleted on May 26, 2019 10:30:57 GMT -5
What really saddens me, is all the posters who are no longer here, that understood how the economy works. In Houston, Neohguy, Frank the Impaler, many more... I see Virgil isn't posting anymore, about a month now ? The role call is long. As an aside, while you may be right that Virgil has skipped out, I was under the impression that Fatherhood was pending along with other more important real world things. Perhaps I misunderstood. I've been in contact with him right up to the end via pm, in regards to sending money through him to Rosemarie. His last few posts summed up pretty well, why he doesn't post. He has the link to the forum where I spend most my time. I miss his wit/humor/view on things, even if we always didn't agree. If I don't hear from him online anymore, I can always send him a letter via snail mail.
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thyme4change
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Post by thyme4change on May 26, 2019 23:25:15 GMT -5
As an aside, while you may be right that Virgil has skipped out, I was under the impression that Fatherhood was pending along with other more important real world things. Perhaps I misunderstood. I've been in contact with him right up to the end via pm, in regards to sending money through him to Rosemarie. His last few posts summed up pretty well, why he doesn't post. He has the link to the forum where I spend most my time. I miss his wit/humor/view on things, even if we always didn't agree. If I don't hear from him online anymore, I can always send him a letter via snail mail. Wit and humor?? I don't recall any of his great zingers. Maybe you can link them?
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