It is quite interesting that my Repub US Rep was a mediocre real estate broker before he got elected to Congress; then, after 10 years, returned to private life as a multi-millionaire. No doubt all due to his real estate company. Couldn't be any insider stuff. Nah, couldn't be.
How about a dumb, mediocre, broke bartender being worth millions after just a few years as one of the whores of Congress? I’m sure she had many insideher stuff. President Trump is trying to clean up the house of ill repute and hopefully get term limits on these losers🙏
Had some old codger get in my face in a diner the other day. Evidently eavesdropping from the booths behind me, he took great exception to my approval of Trumps flexible approach to tariff levies. I looked up to find him glowering down at me and then telling me that “the tariffs in 1928 didn’t work either”. I responded that the Depression bulloxed things up and tried to ignore him. He replied that “the Depression didn’t start in 1928”. I agreed. “It started in 1929, right?” He just glared at me as though I didn’t realize that I had lost the argument. I just stared back at him and he huffed off. What he failed to realize was my greater point. That the tariffs weren’t imposed until 1930 with Smoot-Hawley and on the back of a worldwide Depression. Reagan had it right when he observed that democrats “know things” but that they know “so much that isn’t true”. What one can always count on however, is their delivery with unalloyed emotion, always tinged with hate.
Generally speaking, any angry rebuttal is usually a sign that the angry person has no facts to marshal, but just needs to respond in some fashion. Like a verbal “chest bump” intended to intimidate. With Liberals they walk around angry. Muttering to themselves and looking for problems. I was being nice to this guy. I saw an old guy who had a tenuous grip on reality, most likely from watching too much liberal tv. I actually feel this way about most liberals of any age. Bill Maher, the comedian turned talk show host, nailed it when he dubbed them “emotional hemophiliacs”. I’ve learned to be patient with people like this. Paradoxically, as a result of stints as both a nightclub bouncer and private security provider, many years ago. No need to “match up” if there’s no real threat at any time at any level.
You forget the starting tariff gun was Fordney-McCumber of 1922 (or Underwood of 1913). Like so many things that don’t work… it’s not because they are a bad idea it’s because we didn’t do enough of it….(printing even more money won’t solve our problems either)
Tariffs have a long and storied history in the USA. There is a book on the history of tariffs here that was published in the early 1890’s (which I’ve not yet read). The 1913 date is interesting in the sense that 1913 was when the Federal Reserve was established which took us off of tariff revenue and onto funding our government with an income tax. With regard to the date circa 1922, that was when pressure began to mount for what eventually became Smoot-Hawley. When a recovering Europe began dumping excess agricultural products here which cost American farmers their livelihood and, in some cases, their farms. At this point in time, farmers were around 20% of our economy. The years 1921 - 1923 were especially bad for American farms and Herbert Hoover ran on this issue in 1928. The worldwide and quite damaging impact of Smoot, on the worlds trade, as compounding the effect of a worldwide Depression, was eventually addressed with the establishment of GATT regulation in the 1930’s but was obviated in the wake of WWII with the Marshall Plan for reconstruction of Europe. Now, a good question here is “when did the Marshall Plan officially end ?”. The answer to quote Dylan, “is blown in the wind”. What actually transpired was a worldwide system that sought to build economies by blocking American products, even as Aid was being sought. Now, cue POTUS Trump and his push for the restoration of trade reciprocity.
Well Billy, one question; The term reciprocal infers we are being tariffed. Why is it good for the Tariffers but not for the tariffed to hit em back? I do not expect an answer, but one would be nice.
Bill your incompetence is amazing. Now it is the Big Man who is risking the middle class' savings by holding up the stock market and furthermore the big man has created the 'Department of War', how terrible that he would actually change the name to what is really is. You have a great knack for raising the fear. Have you ever considered listening to Sheryl Attkisson, Megan Kelly, Tom Luongo, Joe Rogan or Tucker Carlson, etc. You might find a whole new world of views questioning Politico, NYT, WSJ, Wash Post, CNN, ABC, NBC, ...
Glad you could talk about Congressional traders / insiders making special knowledge trades, Surprised you couldn't find a way to insinuate the Big Man promoted it? He must have been way behind the curve. Its amazing how your TDS training slips into every argument you put forth. What is your objective anyway? To rid the US of this evil force trying to destroy the nation or simply raise the fear level to assure you followers don't lose their money? Clever but lacking of integrity. Or maybe just clever.
Bongo's column today is a mishmash of unrelated facts which he tries, unsuccessfully, to show a correlation. It really is pathetic. Apes, wars, tariffs (which he rails against because Trump makes changes which he believes are necessary to make things work). It's as if in his scrambled mind, anything that enters his consciousness at any moment is worth writing down and connecting to something else. Is this intellectual discourse or diarrhea. I think the latter.
agree with your 1st assumption, lacks integrity. It is as if these problems came about in the last 9 months. Bill, why not stay in Ireland, you can become commiserating spirits with the Oaf Rosie! Then you can opinion on how F'ed the Irish gov't is or perhaps is not, IDK i don't follow the Irish Gov't.
No but the government there has let in more immigrants and now there are more immigrants than there are Irish in Ireland I have heard. It was coming to America before President Trump got reelected.
You stated the optimum solution: "...rid the US of this evil force (the Big Man) trying to destroy the nation."
Apart from the punishing new costs he's inflicted on everyone who buys an imported product (due to his tariffs which are also slowing world trade), he's now destroying a portion of the White House. He wants a bigger bathroom.
Billy, Jane's farewell BS showed little compassion for the human race... you may identify with a monkey looking for a fight with the Big man, I believe that this world did not happen by accident but by divine intervention. I understand a little better why you and Miss Goodall believe you came from a monkey. Her final statement was a embarrassment to mankind as you often are as well. Pretty sure the Kings Rally was monkey business... Truth and hope are divine issues made into monkey business for profit by those who don't have it.
Oh my! Have you seen that their building 11 ice breakers for Trump. Up with down! He doesn't even need them in Florida.Why are they making them for him?
Question for Dan and Tom. Read your warnings about People soliciting in Tom’s name for special trading tips(And they are bogus). But I have twice gotten Substack notifications that Tom is “following “ me on Substack? Has to be a joke or scam as I can’t picture anyone wanting to follow me except out of curiosity of what I may do or say next!🤣
OK, boys and girls, the White House has already announced that tariff revenue will be used to fund the WIC program, if the shutdown stays in place and "reserve" funds dwindle. If tariffs are secretly being whittled down, that's not going to work.
Question: Is this actually so? Our tax obligations are still in place, despite the fact that IRS is short-staffed under the shutdown. Therefore tax revenues are still coming into the government. Therefore, benefits are able to be paid. The government continues to borrow. Is it that there are reduced or no staffers during the shutdown? What is the government shutdown, really? Surely not a game? Best always. PM
The shutdown is proof that most of Fed government is a scam and ripping us off. I hope it lasts for 6 months. Then we'll know which jobs are essential.
Here in the UK, Rachel from Accounts, our Steve Bessant is rumoured to be going to halve the cash amount that can be invested in the Govts tax free ISA scheme in a bid to encourage more people to buy stocks in the same envelope. Even worse and more socialist she is also supposed to be suggesting that 50% of all stocks owned should be invested in British companies.
Part 2 “Tariff politics”: Food for thought is the nature of hard-wired tariffs as in the Smoot-Hawley approach versus Trumps flexible, on-going negotiations approach. Legislation is chiseled in stone. Any downstream response by trading partners has to be dealt with within the parameters of the legislated law. Trumps approach leaves him a free-hand to modify as he sees fit. Killing our people with precursor chemicals for Fentynyl? Add another 20%! It’s a game of poker… and we hold the winning cards. The Wall Street Journal front page has an article implying that Trump is “quietly backing off” some of his previous tariff prescription. I hate to break the news to the editors of the WSJ, but that’s a feature, not a bug.
So as I was reading Bill's musings a song by Gordon Lightfoot came to mind - "Protocol." If you haven't heard it in a while or don't know it give it a listen. The lyrics seem hauntingly familiar.
Relative wealth building is also aided by Congress and much of the Executive explicitly exempting itself from many laws and regulations. I'm disappointed that Trump has not spent some political capital to end that practice. It would be an extremely popular move among his base, of which I am a part.
How dare you say Joe Biden “The Big Man” has anything to do with the Donald Trump Presidency. If the reference was cheeky tastelessness….you unknowingly insulted yourself.
Ive struggled with how US prints money…I’m aware of Fed and us treasury bonds/notes ect and it seems this money printing is a circle…but still don’t understand it..and if us borrows what is source from which we “borrow “?..borrow means to me that there is debt..one borrows then u owe a debt…plx explain in clear language..thx to who ever can explain and i would understand once and for all as my dad would say..
When the USG spends more than the revenue it garners from duties and taxes, it makes up the shortfall by borrowing money. Historically, it does this my selling IOU's.
These IOU's are commonly known as T -Bills. They are debt instruments. Their duration is one year.
T-bills are issued at a discount from the par value. When the bill matures, the investor is paid the par value of the bill.
Since the USG has been spending far, far in excess of its tax receipts for over a half century, it has accumulated an enormous national debt. It routinely pays its debt by selling more T-Bills.
When it can't sell as many as it must, its Treasury prints money to buy them.
Creating more money is inflationary, a problem its Federal Reserve attempts to mitigate by arbitrarily setting an interest rate.
Most if not all countries sell debt for the same reason: they don't have enough money to pay for the goods and services its citizens want and/or are compelled to accept
It is quite interesting that my Repub US Rep was a mediocre real estate broker before he got elected to Congress; then, after 10 years, returned to private life as a multi-millionaire. No doubt all due to his real estate company. Couldn't be any insider stuff. Nah, couldn't be.
How about a dumb, mediocre, broke bartender being worth millions after just a few years as one of the whores of Congress? I’m sure she had many insideher stuff. President Trump is trying to clean up the house of ill repute and hopefully get term limits on these losers🙏
Yep. Another real mystery, huh?
😂😂
Had some old codger get in my face in a diner the other day. Evidently eavesdropping from the booths behind me, he took great exception to my approval of Trumps flexible approach to tariff levies. I looked up to find him glowering down at me and then telling me that “the tariffs in 1928 didn’t work either”. I responded that the Depression bulloxed things up and tried to ignore him. He replied that “the Depression didn’t start in 1928”. I agreed. “It started in 1929, right?” He just glared at me as though I didn’t realize that I had lost the argument. I just stared back at him and he huffed off. What he failed to realize was my greater point. That the tariffs weren’t imposed until 1930 with Smoot-Hawley and on the back of a worldwide Depression. Reagan had it right when he observed that democrats “know things” but that they know “so much that isn’t true”. What one can always count on however, is their delivery with unalloyed emotion, always tinged with hate.
Conservatives get mad when you lie to them.
Liberals get mad when you tell them the truth.
So true. But angry even when they only think they’re in the know. Just “PP” as I say. Perpetually pissed off. Oh well….
Yes Ed…And Perpetually Demented…
...the fallacy of your observation is that truth is subjective.
Liberals get angry when you don't agree with them.
-
We are all mad to a degree, being told so makes some angry...
Generally speaking, any angry rebuttal is usually a sign that the angry person has no facts to marshal, but just needs to respond in some fashion. Like a verbal “chest bump” intended to intimidate. With Liberals they walk around angry. Muttering to themselves and looking for problems. I was being nice to this guy. I saw an old guy who had a tenuous grip on reality, most likely from watching too much liberal tv. I actually feel this way about most liberals of any age. Bill Maher, the comedian turned talk show host, nailed it when he dubbed them “emotional hemophiliacs”. I’ve learned to be patient with people like this. Paradoxically, as a result of stints as both a nightclub bouncer and private security provider, many years ago. No need to “match up” if there’s no real threat at any time at any level.
Nicely stated positive philosophy
Very well said, both facts and truths are frequently aligned with our biases and favorite misunderstandings
When did calendar dates become "subjective"? One can subjectively analyze the effect of events but not the dates on which the events occurred.
You forget the starting tariff gun was Fordney-McCumber of 1922 (or Underwood of 1913). Like so many things that don’t work… it’s not because they are a bad idea it’s because we didn’t do enough of it….(printing even more money won’t solve our problems either)
Tariffs have a long and storied history in the USA. There is a book on the history of tariffs here that was published in the early 1890’s (which I’ve not yet read). The 1913 date is interesting in the sense that 1913 was when the Federal Reserve was established which took us off of tariff revenue and onto funding our government with an income tax. With regard to the date circa 1922, that was when pressure began to mount for what eventually became Smoot-Hawley. When a recovering Europe began dumping excess agricultural products here which cost American farmers their livelihood and, in some cases, their farms. At this point in time, farmers were around 20% of our economy. The years 1921 - 1923 were especially bad for American farms and Herbert Hoover ran on this issue in 1928. The worldwide and quite damaging impact of Smoot, on the worlds trade, as compounding the effect of a worldwide Depression, was eventually addressed with the establishment of GATT regulation in the 1930’s but was obviated in the wake of WWII with the Marshall Plan for reconstruction of Europe. Now, a good question here is “when did the Marshall Plan officially end ?”. The answer to quote Dylan, “is blown in the wind”. What actually transpired was a worldwide system that sought to build economies by blocking American products, even as Aid was being sought. Now, cue POTUS Trump and his push for the restoration of trade reciprocity.
Well Billy, one question; The term reciprocal infers we are being tariffed. Why is it good for the Tariffers but not for the tariffed to hit em back? I do not expect an answer, but one would be nice.
If a tariff is ultimately passed on to the the consumer, I would prefer not to pay them even if those elsewhere have to.
Corporate, income, property, asset taxes are ultimately passed on to the consumer.
I would also prefer not to pay them even if those elsewhere have to.
Ah… well spotted “reciprocal tariff “✅
Bill your incompetence is amazing. Now it is the Big Man who is risking the middle class' savings by holding up the stock market and furthermore the big man has created the 'Department of War', how terrible that he would actually change the name to what is really is. You have a great knack for raising the fear. Have you ever considered listening to Sheryl Attkisson, Megan Kelly, Tom Luongo, Joe Rogan or Tucker Carlson, etc. You might find a whole new world of views questioning Politico, NYT, WSJ, Wash Post, CNN, ABC, NBC, ...
Glad you could talk about Congressional traders / insiders making special knowledge trades, Surprised you couldn't find a way to insinuate the Big Man promoted it? He must have been way behind the curve. Its amazing how your TDS training slips into every argument you put forth. What is your objective anyway? To rid the US of this evil force trying to destroy the nation or simply raise the fear level to assure you followers don't lose their money? Clever but lacking of integrity. Or maybe just clever.
Bongo's column today is a mishmash of unrelated facts which he tries, unsuccessfully, to show a correlation. It really is pathetic. Apes, wars, tariffs (which he rails against because Trump makes changes which he believes are necessary to make things work). It's as if in his scrambled mind, anything that enters his consciousness at any moment is worth writing down and connecting to something else. Is this intellectual discourse or diarrhea. I think the latter.
agree with your 1st assumption, lacks integrity. It is as if these problems came about in the last 9 months. Bill, why not stay in Ireland, you can become commiserating spirits with the Oaf Rosie! Then you can opinion on how F'ed the Irish gov't is or perhaps is not, IDK i don't follow the Irish Gov't.
No but the government there has let in more immigrants and now there are more immigrants than there are Irish in Ireland I have heard. It was coming to America before President Trump got reelected.
Billy has an estate there, don’t here him bitching about that - oh, thats right, TDS doesn’t apply.
Bill is not a 15 year old girl
About to be raped.
You stated the optimum solution: "...rid the US of this evil force (the Big Man) trying to destroy the nation."
Apart from the punishing new costs he's inflicted on everyone who buys an imported product (due to his tariffs which are also slowing world trade), he's now destroying a portion of the White House. He wants a bigger bathroom.
I want an update on the gypsy wagon! Speaking of a frivolous spending.....
Billy, Jane's farewell BS showed little compassion for the human race... you may identify with a monkey looking for a fight with the Big man, I believe that this world did not happen by accident but by divine intervention. I understand a little better why you and Miss Goodall believe you came from a monkey. Her final statement was a embarrassment to mankind as you often are as well. Pretty sure the Kings Rally was monkey business... Truth and hope are divine issues made into monkey business for profit by those who don't have it.
...divine intervention could be defined as the carnal progression from ape to man.
Evolution widely thought of as coincidental coupling or physical aberrations.
Evolution in and of itself is not an accident, like everything in the universe, it is by design.
100 up votes.....
"Coast Guard Buys Two Private Jets for Noem, Costing $172 Million."
I'm having a hard time seeing how this will MAGA. I would have preferred that she learn to use zoom.
Me too! Probably a waste of money. They didn't buy them for Noem. She probably has no idea. Maybe she can take them with her when she leaves office.
ANOTHER WOKE MEDIA LIE THAT BILL ESPOUSES
Oh my! Have you seen that their building 11 ice breakers for Trump. Up with down! He doesn't even need them in Florida.Why are they making them for him?
Question for Dan and Tom. Read your warnings about People soliciting in Tom’s name for special trading tips(And they are bogus). But I have twice gotten Substack notifications that Tom is “following “ me on Substack? Has to be a joke or scam as I can’t picture anyone wanting to follow me except out of curiosity of what I may do or say next!🤣
I've had about 10 from Tom and Dan. Getting a bit sick of scammers...
OK, boys and girls, the White House has already announced that tariff revenue will be used to fund the WIC program, if the shutdown stays in place and "reserve" funds dwindle. If tariffs are secretly being whittled down, that's not going to work.
Question: Is this actually so? Our tax obligations are still in place, despite the fact that IRS is short-staffed under the shutdown. Therefore tax revenues are still coming into the government. Therefore, benefits are able to be paid. The government continues to borrow. Is it that there are reduced or no staffers during the shutdown? What is the government shutdown, really? Surely not a game? Best always. PM
The shutdown is proof that most of Fed government is a scam and ripping us off. I hope it lasts for 6 months. Then we'll know which jobs are essential.
You guys are lucky over there!
Here in the UK, Rachel from Accounts, our Steve Bessant is rumoured to be going to halve the cash amount that can be invested in the Govts tax free ISA scheme in a bid to encourage more people to buy stocks in the same envelope. Even worse and more socialist she is also supposed to be suggesting that 50% of all stocks owned should be invested in British companies.
No doubt the "50%" number was the result of rigorous scientific modeling. 😂
All shall win prizes!
A shame that the prize will be smaller than the entry fee.
You, sir, are correct. It relates to body fat and bad teeth.
😂😂😂
gm apes
say gm back
Part 2 “Tariff politics”: Food for thought is the nature of hard-wired tariffs as in the Smoot-Hawley approach versus Trumps flexible, on-going negotiations approach. Legislation is chiseled in stone. Any downstream response by trading partners has to be dealt with within the parameters of the legislated law. Trumps approach leaves him a free-hand to modify as he sees fit. Killing our people with precursor chemicals for Fentynyl? Add another 20%! It’s a game of poker… and we hold the winning cards. The Wall Street Journal front page has an article implying that Trump is “quietly backing off” some of his previous tariff prescription. I hate to break the news to the editors of the WSJ, but that’s a feature, not a bug.
So as I was reading Bill's musings a song by Gordon Lightfoot came to mind - "Protocol." If you haven't heard it in a while or don't know it give it a listen. The lyrics seem hauntingly familiar.
Relative wealth building is also aided by Congress and much of the Executive explicitly exempting itself from many laws and regulations. I'm disappointed that Trump has not spent some political capital to end that practice. It would be an extremely popular move among his base, of which I am a part.
How dare you say Joe Biden “The Big Man” has anything to do with the Donald Trump Presidency. If the reference was cheeky tastelessness….you unknowingly insulted yourself.
Everyone here in Blighty is looking forward to the November Budget
Ive struggled with how US prints money…I’m aware of Fed and us treasury bonds/notes ect and it seems this money printing is a circle…but still don’t understand it..and if us borrows what is source from which we “borrow “?..borrow means to me that there is debt..one borrows then u owe a debt…plx explain in clear language..thx to who ever can explain and i would understand once and for all as my dad would say..
When the USG spends more than the revenue it garners from duties and taxes, it makes up the shortfall by borrowing money. Historically, it does this my selling IOU's.
These IOU's are commonly known as T -Bills. They are debt instruments. Their duration is one year.
T-bills are issued at a discount from the par value. When the bill matures, the investor is paid the par value of the bill.
Since the USG has been spending far, far in excess of its tax receipts for over a half century, it has accumulated an enormous national debt. It routinely pays its debt by selling more T-Bills.
When it can't sell as many as it must, its Treasury prints money to buy them.
Creating more money is inflationary, a problem its Federal Reserve attempts to mitigate by arbitrarily setting an interest rate.
Most if not all countries sell debt for the same reason: they don't have enough money to pay for the goods and services its citizens want and/or are compelled to accept