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  1. #46606
    Atomic Punk Number 47's Avatar
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    Quote Originally Posted by edwardv View Post
    Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

    https://www.cnbc.com/2019/09/11/trum...ance-debt.html


    I dont like this at all. Could we be witnessing the death of currency as an investment? Not good. I am not a math or economics guru. But I agree with what Mark Zandi chief economist at Moodys says in the article.

  2. #46607
    Atomic Punk Number 47's Avatar
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    How low can they go?

    Rolling Stone uses 9/11 to troll Trump.



    Trump’s Bizarre History With 9/11

    https://www.rollingstone.com/politic...Pvqr45auD8gvfo

  3. #46608
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by edwardv View Post
    Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

    https://www.cnbc.com/2019/09/11/trum...ance-debt.html


    I dont like this at all. Could we be witnessing the death of currency as an investment? Not good. I am not a math or economics guru. But I agree with what Mark Zandi chief economist at Moodys says in the article.
    If the Fed's main job was to make it as easy as possible for the Fed to get cheap money loans then he'd have a good point.

  4. #46609
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    Quote Originally Posted by edwardv View Post
    Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

    https://www.cnbc.com/2019/09/11/trum...ance-debt.html


    I dont like this at all. Could we be witnessing the death of currency as an investment? Not good. I am not a math or economics guru. But I agree with what Mark Zandi chief economist at Moodys says in the article.
    If they cut rates now, what will they do when the inevitable recession comes, whenever that may be? There's not much room to cut now.

  5. #46610
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by JustDave View Post
    If they cut rates now, what will they do when the inevitable recession comes, whenever that may be? There's not much room to cut now.
    borrow more is the answer unfortunately.

  6. #46611
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    This idea is why the guy has been bankrupt before. Like the guy from Moody's said this isn't a mortgage, it's a treasury department debt
    Dealing with it.

  7. #46612
    Atomic Punk edwardv's Avatar
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    Quote Originally Posted by JustDave View Post
    If they cut rates now, what will they do when the inevitable recession comes, whenever that may be? There's not much room to cut now.
    Thats what the Moodys economist is asking too in the article. Its uncharted waters.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  8. #46613
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by rchop84 View Post
    This idea is why the guy has been bankrupt before. Like the guy from Moody's said this isn't a mortgage, it's a treasury department debt
    Other Presidents have applied the same pressure in the past (I imagine they all have). Trump is either very transparent with the American people or a big mouth.

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  10. #46614
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    Default THE TRUMP PRESIDENCY

    No, no, no, no, no. There is no “vaping crisis.” It’s black market products that are doing this. This is like banning liquids because drinking bleach is killing people.

    The result will be easily predictable. You’ll move popular vape cartridges to the same black market and we’ll say we saved lives but we actually will have killed more people.

    Trump administration plans to ban sale of flavored electronic cigarettes

    Federal health authorities have reported an outbreak of mysterious illnesses tied to the popular devices.

    Sept. 11, 2019, 12:27 PM ET / Updated Sept. 11, 2019, 1:44 PM ET
    By Hallie Jackson, Kristen Welker and Janelle Griffith

    WASHINGTON — The Trump administration said Wednesday it plans to ban the sale of non-tobacco-flavored electronic cigarettes amid a vaping crisis.

    “The Trump Administration is making it clear that we intend to clear the market of flavored e-cigarettes to reverse the deeply concerning epidemic of youth e-cigarette use that is impacting children, families, schools and communities,” Health and Human Services Secretary Alex Azar said in a statement. “We will not stand idly by as these products become an on-ramp to combustible cigarettes or nicotine addiction for a generation of youth.”



    https://www.nbcnews.com/news/amp/ncn...mpression=true


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  11. #46615
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    Potential NSA Pick Doug Macgregor: We Need an End to Global Police Missions

    11 Sep 2019



    Retired Army Col. Doug Macgregor, whose name is being floated as a potential successor to former National Security Adviser John Bolton, told Tucker Carlson on Tuesday that there should be an end to global police missions.

    “I think the president has to go back to his first principles. He recognized two things, which is one of the reasons he was elected. First, it’s been 75 years since the end of the second world war,” Macgregor said. “The war has changed as has the interests of various countries in the world that once saw the world through a bipolar lens that now see a multipolar lens.”


    “And then the second part of it is we need to put an end to the global police missions, the use of military power to impose solutions that other people don’t want or need. Put an end to the forever wars,” he added.

    Trump announced on Twitter on Wednesday that he had fired Bolton, who disagreed with the president on Iran, North Korea, and Afghanistan.

    Macgregor, should he be picked, would be more ideologically aligned with Trump, who has wanted to bring troops home from Afghanistan and Syria, end the Korean War and downsize the U.S. military presence in South Korea, and seek a new and better nuclear deal with Iran.

    “First of all he’s got to get out of Afghanistan. That has to happen as soon as possible,” Macgregor told Carlson. “Talking to the Taliban is unnecessary; they’re not going to honor any agreements. It’s time to get our forces out, get the embassy out. The nations in the region have an interest in the place … let them deal with it.”

    He said a similar approach needs to be taken in Syria:


    "We have perhaps 2,000 men on the ground in Syria right now, very vulnerable force. Iran, Russia, Turkey, Israel, the Kurds, Iraq, all of these countries have an interest in what’s happening there. We really don’t. But we do know that if we withdraw our force they will come to an accommodation because all of them want to see the same thing — an end to the fighting in the region, so we’ve got to get them out."


    On Iran, he said, “We need to listen very carefully to the Iranians, privately behind closed doors; find out what their interests are and look for areas where we can cooperate.”

    “This is after all, what President Trump set out to do with President Putin; he set out to do it with President Xi. We need to do the same thing with Iran. And beyond Iran, Afghanistan, and the Near East, we have Korea,” he said. “He’s got to start with an end of war declaration.”

    Trump has been criticized by the foreign policy establishment for wanting to talk to North Korean leader Kim Jong-un and work with Russian President Vladimir Putin, but he has been insistent in trying to find a way to disentangle the U.S. from costly military engagements around the world.

    Macgregor suggested on North Korea that Trump, Kim, Chinese President Xi Jinping, and South Korean President Moon Jae-in should sign an end of war declaration to the Korean War that would renounce the use of force to change anything on the peninsula. “That’s what Beijing wants, that’s what Pyongyang wants,” he said.


    Macgregor continued:


    Then he needs to turn over operational control of the peninsula militarily over to President Moon and to the Koreans. Make them a truly sovereign state; give them responsibility for their own country. Then we can sit down and we can come up with a measured, deliberative approach to dismantling the nuclear weapons, and at the same time, linking that dismantlement to a troop withdrawal plan that moves our forces out of the peninsula.


    “Because there is no threat to us in South Korea or to our South Korea allies or to Japan from North Korea. President Trump was the first to recognize that North Korea was circling the drain. He was right,” he said. “It’s time for us to get out of the way and let the problems on the peninsula be resolved peacefully and deliberatively as I’ve outlined.”

    On Venezuela, another area that Bolton took the lead on, Macgregor advised the president to relook at sanctions.

    “We have been sanctioning everyone all over the world constantly. Venezuela has probably become the poster child for the damage that sanctions can do,” he said. “We have sanctioned that country to the point where if we do not relieve the sanctions, we run the risk of eight million more people leaving that country.”

    “If that happens, then Maduro has no opposition in the country. That is a catastrophe,” he said. “So you’ve got to go back through these sanctions. Look at what makes sense and does not make sense from a humanitarian standpoint because the only thing sanctions have done is make the populations miserable; they do not change regimes.”




    https://www.breitbart.com/politics/2...lice-missions/
     "He has a swaggering retro machismo that will give hives to the Steinem cabal" -Camille Paglia on Donald Trump

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    Atomic Punk bklynboy68's Avatar
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    Supreme Court allows Trump asylum restrictions to take effect

    Gregg Re 11 mins ago





    In a major win for the Trump administration, the Supreme Court issued an order late Wednesday ending a nationwide injunction that had blocked the White House's ban on asylum for anyone trying to cross the U.S.-Mexico border by transiting through a third country.

    The order was not a final ruling on the merits, but allowed the policy to proceed while lower courts in the 9th Circuit address the case.

    Justices Sonia Sotomayor and Ruth Bader Ginsburg dissented.

    "Once again the Executive Branch has issued a rule that seeks to upend longstanding practices regarding refugees who seek shelter from persecution," Sotomayor and Ginsburg wrote.

    On Monday, the 9th Circuit Court of Appeals – long a liberal bastion that has been aggressively reshaped into a more moderate court by the Trump administration – handed the president a major win in the case by ruling that the nationwide injunction should be lifted.

    The government also asked the Supreme Court to intervene on an emergency basis to settle the matter.

    TRUMP ADMIN ANNOUNCES MAJOR CRACKDOWN ON ASYLUM SEEKERS, CITING WIDESPREAD FRAUD

    Earlier on Monday, Obama-appointed U.S. District Judge Jon Tigar in California had reinstated a nationwide halt on the Trump administration's plan to prevent most migrants from seeking asylum at the U.S.-Mexico border, if they first crossed through another country on the way.

    But in an administrative order first obtained by Politico, the 9th Circuit rolled Tigar's ruling right back, saying that for now it should only apply to the confines of the 9th Circuit — which encompasses California, Arizona, Alaska, Hawaii, Montana, Nevada, Idaho, Guam, Oregon and Washington.

    The San Francisco-based 9th Circuit now has seven Trump-appointed federal judges — more than any other federal appellate bench. The radical transformation of the court, which has 29 seats, is largely the result of Trump's push to nominate conservative judges and bypass traditional consultations with Senate Democrats.

    Thirteen of the 29 seats are now occupied by GOP-appointed judges. Last year, that number stood at six.

    "Thanks to Trump, the liberal 9th Circuit is no longer liberal," The Washington Post noted earlier this year.


    https://www.foxnews.com/us/supreme-c...ion-asylum-ban



    Git ‘er done, Mr. President!
     "He has a swaggering retro machismo that will give hives to the Steinem cabal" -Camille Paglia on Donald Trump

    "But, fucking with Brook is like fucking with hot shit on and ax handle. You just don't get a grip"-track5

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    "My beef is people thinking Bon Jovi is good cuz they sold lots of records to housewives." -tango

    "But being number one doesn’t really mean jack fuck all. We sold twice as many records as other records that year (1984) that landed in the Number One position." ~Eddie Van Halen

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  14. #46617
    Atomic Punk bklynboy68's Avatar
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    'Historic milestone': Senate confirms 150th Trump judicial nominee

    September 11, 2019




    The U.S. Senate confirmed President Trump’s 150th judicial nominee Wednesday, helping to fulfill the president’s campaign promise to remake the federal bench with a conservative bent.

    Judiciary Committee Chairman Lindsey Graham called the number of confirmations a “historic milestone.”

    “These conservative judicial appointments will impact our nation for years to come,” the South Carolina Republican said.

    Six district court nominees won confirmation Wednesday, bringing the president’s total number of appointed judges to the lower federal courts to 105. Mr. Trump has also appointed 43 circuit court nominees and two Supreme Court justices since taking office.

    The pace has far outdone President Obama, who only saw 20 circuit court nominees and 74 district court judges confirmed during the same period of time. Mr. Obama, though, like Mr. Trump had two Supreme Court appointments within his first three years.


    Liberal advocacy groups said the 150th judicial confirmation is alarming, stressing the need to make judicial nominees and the courts a 2020 campaign issue.

    “As of today’s confirmation votes, Trump and McConnell have confirmed 150 judges to the federal bench — a group that can overwhelmingly be described as narrow-minded and elitist, favoring corporations and the powerful over the interests of all Americans,” said Marge Baker, executive vice president of the People for the American Way.


    https://www.washingtontimes.com/news...icial-nominee/


    Worth re-electing for this alone. He has saved us from a lot of future insanity.

     "He has a swaggering retro machismo that will give hives to the Steinem cabal" -Camille Paglia on Donald Trump

    "But, fucking with Brook is like fucking with hot shit on and ax handle. You just don't get a grip"-track5

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    'This hamburger don't need no helper"- David Lee Roth

    "I wish Bon Jovi would've given me a call before he recorded all of his hits, because the lyrics would've been smarter, the melodies would've been much more smashing, and they would've sold a lot fewer records." -David Lee Roth

    "My beef is people thinking Bon Jovi is good cuz they sold lots of records to housewives." -tango

    "But being number one doesn’t really mean jack fuck all. We sold twice as many records as other records that year (1984) that landed in the Number One position." ~Eddie Van Halen

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  16. #46618
    Atomic Punk Dave's Dreidel's Avatar
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    Quote Originally Posted by edwardv View Post
    Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

    https://www.cnbc.com/2019/09/11/trum...ance-debt.html


    I dont like this at all. Could we be witnessing the death of currency as an investment? Not good. I am not a math or economics guru. But I agree with what Mark Zandi chief economist at Moodys says in the article.
    It's idiotic.

    I think we should enforce stricter interest rate laws on how much to charge people. I usually don't like the government getting involved in this, but, i think we also have to acknowledge that the credit score industry is not all seeing.

    Poor people paying 30% interest just makes it impossible for them to ever get out of debt.
    If I don't respond to you it means I have you on ignore, which means you are a douchenozzle.

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  18. #46619
    Atomic Punk Number 47's Avatar
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    The White House Is Planning a Federal Intervention on California Homelessness

    The White House is planning a crackdown on people experiencing homelessness in California—a federal intervention in Los Angeles and other cities that is raising red flags among advocates for the homeless and city leaders.

    According to a report in the Washington Post, President Donald Trump has ordered White House officials to come up with a solution to the visible homelessness crisis in Los Angeles and possibly other California cities. Officials from the White House, the U.S. Department of Housing and Urban Development, and other agencies—including some who are meeting this week with their counterparts in Los Angeles—are weighing several possible steps, including moving homeless people into facilities administered by the federal government and razing encampments.

    The White House appears to be targeting people living in Los Angeles’s downtown Skid Row area, where much of the city’s soaring unhoused population is concentrated. The homelessness rate in the city of Los Angeles spiked 16 percent this year, according to the annual point-in-time count. Officials with the city could not comment on any particular plans or discussions underway.

    “Our office learned very recently of the Administration’s plans to visit L.A., to learn more about our strategies for responding to the homelessness crisis,” Alex Comisar, deputy communications director for Mayor Garcetti, said in an email. “We welcome them and look forward to showing them our work to confront this humanitarian emergency.”

    As housing costs have boomed in several California cities, the state has seen its homeless population rise substantially in recent years. A federal intervention of the type that the White House appears to be contemplating, including the possibility that sweeps would be paired with mass round-ups and institutionalizations of unhoused residents, would represent something unprecedented, and housing authorities and some city officials responded with wariness to the Post report.

    In San Francisco, Mayor London Breed acknowledged the scope of the city’s homelessness problem and highlighted the city’s investments in navigation centers, affordable housing, and supportive housing. She also said she’d welcome more federal support on that front. “The decline in federal resources for affordable housing has been significant, and cities can’t do it alone,” she said in an emailed statement. “But simply cracking down on homelessness without providing the housing that people need is not a real solution and will likely only make the situation worse.” The mayor’s office said it had not been contacted by the Trump administration about a meeting at City Hall or a tour of encampments.

    The White House’s focus on homelessness comes in the wake of a series of comments the president made to Fox News in July. In an interview, Trump told Tucker Carlson that homelessness was a phenomenon that “started two years ago,” and that he “may intercede and do something to get that whole thing cleaned up.” Both Garcetti and California Governor Gavin Newsom criticized the president after those comments.

    Trump’s interest in homelessness could be interpreted in the context of his frequent disparaging comments about American urban areas—particularly majority-black cities such as Chicago and Baltimore, according to Karen Lincoln, an associate professor of social work at the University of Southern California. While only 9 percent of the population of Los Angeles is African American, about 40 percent of the city’s homeless population is black, she says. Latinos and Latinas make up a similar share. The demographics of homelessness—and the fact that Los Angeles and other California cities are led by liberal Democrats—may be the best frame for understanding the report. “It seems like the [Trump administration’s] approach is going to be more punitive just because of the way that African-American and poor people and Latinos have been constructed in the current rhetoric of this administration,” Lincoln says.

    Still, the strategies that the White House appears to be contemplating are not wholly dissimilar from the efforts now being pursued by local and state authorities to address homelessness by removing unhoused people and criminalizing living on the streets, even as they pour funding into permanent supportive housing and the shelter system.

    This month, for example, Los Angeles officials are considering a plan that would prohibit unhoused people from sleeping on the streets within 500 feet of schools, parks, and other public spaces, the L.A. Times reported. This could make nearly one-quarter of the city off-limits for the 15,000 unsheltered homeless residents who sleep on Los Angeles’s streets. This July, the city extended a ban on those living in vans, campers, and RVs in residential neighborhoods. About 16,500 residents of L.A. County sleep in their cars.

    In San Francisco, the city’s Healthy Streets Operation Center has been expanded since Breed took office last year. The program takes in 311 complaints about visual signs of homelessness and deploys resources to clear unhoused people and their belongings. Last year, Breed credited the program with helping reduce the number of tents on the street by 34 percent in four months. In Oakland, a homeless encampment that has been deemed a fire hazard is expected to be cleared this week, after weeks of delays. Another Oakland encampment is slated for clearance soon; its 100 residents will be offered shelter and safe parking spots. (This summer, a real estate developer offered unhoused residents $1,000 each to move off the property, because he thought the city was being too permissive.)

    Advocates for the homeless stress that, in addition to disrupting communities and destroying personal property, these sweeps are expensive: In 2015, the San Francisco Chronicle reported the city spent $3 million a year on evicting people from encampments, and Los Angeles is on track to spend $30 million on the practice this year, LAist reported, up from $13 million the year before.

    It’s not clear what legal authority a president would have to clear homeless camps at the city level, as the Post notes. Those sleeping on the streets are not violating federal law and the government has no power to arrest unhoused people on federal charges, according to Steve Berg, the vice president for programs and policy with the National Alliance to End Homelessness. “The federal government doesn’t have a legal authority to make people who are homeless go anywhere they don’t want to go,” Berg says.

    Criminalizing homelessness only exacerbates the problem, he adds, by burdening those living on the streets with criminal records that make it harder to find employment and permanent housing.

    It could take a radical executive order or a declaration of a state of emergency to enable federal law enforcement to police the unhoused community in any state or city. But the federal government could bring significant resources to bear in other ways: Solutions to homelessness in California don’t lack for knowledge, Berg says, but for funding. “If the federal government could put some resources on the table, that would be incredibly helpful,” he says. “If they’re treating it as an emergency the same way they would treat a hurricane, there’s a great deal that can be done there.”

    Despite the president’s insistence to the contrary, the modern homelessness crisis has roots that date back far longer than the current administration. “We didn’t really start seeing homelessness as a mass phenomenon and a long-term experience until the ‘80s, when Reagan divested from HUD,” says Olivia Glowacki, a project manager for San Francisco’s Coalition on Homelessness. “If [Trump] really wanted to end homelessness, he has the power to do so, at least in America.” Her most urgent need right now is funding. “As of yesterday, there were 1,500 people on the waitlist” for shelter spaces in San Francisco. “We just don’t have the capacity to care for our homeless folks right now.”

    If the president was truly interested in ending homelessness in America, targeted investments in homelessness services and bolstering HUD’s affordable housing resources would be a good place to start, advocates say. The White House could also call on its own resident experts. For example, the U.S. Interagency Council on Homelessness, the agency tasked with coordinating the federal response to this crisis, recently produced a round-up of “Housing First” solutions. These are evidence-based strategies for “removing as many obstacles and unnecessary requirements as possible in order to expedite people’s access to stable housing.” The council has not been reported to be involved with the L.A. talks. (CityLab has not received a response to a request for comment.)

    But so far, the Trump administration’s policies stand to make the homelessness crisis worse, housing experts warn. A plan to restrict prorated housing aid for families with mixed immigration status could evict more than 55,000 children, according to HUD’s own analysis, even though as citizens these children are eligible for aid. Every budget proposed by this White House has included cuts that would slash billions in funds for housing aid.

    In brokering talks with the Los Angeles mayor’s office, the Trump administration appears to be open to some level of collaboration. But other city leaders in California sense that the president intends to use Skid Row as a stage for political theater.

    “Homelessness is not a partisan issue, and we shouldn’t make it one. Both Democrats and Republicans are dying on our streets,” said San Jose Mayor Sam Liccardo in a statement. That city has also seen a sharp increase in the number of people living unsheltered. “I welcome any federal investment in solutions that work: first and foremost, more housing, along with mental health treatment, drug treatment, and job training. The federal government can and should partner in tackling this challenge, but it requires a serious effort—this isn’t a problem that the President can redirect with a Sharpie.”

    https://www.citylab.com/equity/2019/...ngeles/597790/

  19. #46620
    Atomic Punk edwardv's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    It's idiotic.

    I think we should enforce stricter interest rate laws on how much to charge people. I usually don't like the government getting involved in this, but, i think we also have to acknowledge that the credit score industry is not all seeing.

    Poor people paying 30% interest just makes it impossible for them to ever get out of debt.
    The older I get the more I see how the deck is stacked against the middle class. The USA I was born in rewarded people who saved. Now it makes young people take part of their pay and put it into 401ks and equities to create wealth. Nothing wrong with that but I like the old method of a savings account or cd with a decent return, FDIC, with no loss of principle and a 401k with stocks and mutual funds. Its called diversification and the industry uses that term all the time but they have taken a savings plan with a decent rate out of the equation. Now we are talking negative rates from the oval office in a bull market. Not good.
    Last edited by edwardv; 09.12.19 at 05:20 AM.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

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