I have two main issues:
1. The military-industrial complex Eisenhower warned us about in 1961, and, related to that,
2. The Big Bank crime wave and associated kleptocracy...
plus all the politicians, institutions, think tanks, economists, media fanboys etc. who support
#1
&
#2
.
Who really runs Canada?
@JustinTrudeau
"We penetrate the cabinets. Yesterday I was at a reception for Prime Minister Trudeau, and I know that half of this cabinet or even more than half are actually our young global leaders of the World Economic Forum."
HEALTH NEWS: When you get the coronavirus, the official CDC recommendation to treat a runny nose, sore throat, cough, and fever is to lower the rate hedge funds can borrow at from 1.5% to 0%, and increase Treasury purchases to $200 billion per month.
Would you say that being the primary U.S. large bank regulator, and then leaving that role and accepting $7.2 million in just 2 years from those same banks in "speaking fees," is corrupt?
All corrupt acts take resources from citizens, undermine public trust and — ultimately — threaten the progress of those who fight for democracy.
@PowerUSAID
and I agree that, to uphold democracy, U.S. agencies must root out corruption at home and abroad.
@paulkrugman
Oh, gee, why would a higher cost of living hurt poor people? I'm a clueless highly-paid & tenured econ PhD with several massive COLA pensions who will forever be just fine thank you very much.
Think about how absurd this is.
Our cost of living not rising faster than it already is is "one of the major challenges of our time."
Screw you, Jerome.
@federalreserve
@realDonaldTrump
An honest, thorough investigation of the Epstein saga would likely take down a big chunk of the GOP & Democratic leadership & donor class, as well as a lot of powerful billionaires, politicians, celebrities & academics.
This is exactly what America needs. Purge the amoral elite.
You: My rent just went up 20%.
Econ PhD: No. Rental inflation around here is running at 20%, so adjusted-for-inflation, your rent hasn't gone up at all.
You:
Econ PhD: Did you hear me?
You: What the hell is wrong with you?
Econ PhD: Probably the 20 years of college.
You: How much is this thing I need?
Cashier: It's $20.
You: But last year it was $15?
Cashier: Yes, but now it's cheaper because it's better.
You: But it's not cheaper. It's 33% more. It's $20.
Cashier: No, it's 50% better and $20.
You: What?
Cashier: Do you have an econ PhD sir?
Sheryl Sandberg (billionaire), Hank Paulson (probably a billionaire), Bob Rubin (9-figures) and Tim Geithner (multi-millionaire) laugh about income inequality back in 2015.
"The evil of aristocracy is not that it necessarily leads to the infliction of bad things or the suffering of sad ones; the evil of aristocracy is that it places everything in the hands of a class of people who can always inflict what they can never suffer."
- Chesterton
I'm American. I've been lied to about Vietnam, Iraq, Libya, Afghanistan and many other "wars" by the media, military, & politicians. And these all involved U.S. soldiers.
So why would I automatically believe anything I'm told about wars that don't (yet) involve U.S. troops?
I am unsuspended by the Twitter at this minute.
Sincere thanks to all the wonderful people here who stood up for me, in particular my well-connected friend of the show
@AdamSinger
.
I will comment further soon.
Godspeed.
Rudy
Netflix has also removed the 2000 Mel Gibson film, "The Patriot," after the British government complained that the Revolutionary War action film violated The U.K.'s Treason Act 1351.
@netflix
A fave: The Fed As Drug Dealer.
"I like to say that we injected cocaine and heroin into the system, and now we're maintaining it on Ritalin. How's that? [LAUGHTER]"
- former Dallas Federal Reserve President Richard "Dick" Fisher (now at Barclays)
I know a kid who does this while holding his breath, but this is next-level.
You could hold a gun to my head and give me 14 days and I wouldn't be able to solve this.
People's brains are wired differently.
Over half of US mortgages originated in 2020 or later.
The Fed - which held $0 of MBS in 2008 - held almost $1.4 Trillion in March 2020, then DOUBLED their MBS holdings by April 2022.
This was a criminal distortion of the housing market.
The
@federalreserve
STILL holds $2.6T.
I know this can never happen again, but - just for the kids - the Nasdaq Composite fell 78% from 2000-2002.
Many stocks did worse, and countless stocks went to money heaven ("survivor bias").
It took around 15 years for the index to return to the 2000 highs.
Just file this…
Attention young people:
Today I made my own avocado toast, saving $5.
If I did this every day for 2,920,548 years, I'd have as much money as Citigroup's 2008 bonus pool.
YOU: My cost of living is way up
PHD: Isn't that great?!
Y: Huh?
P: What's your credit card debt?
Y: $20K
P: With 5% inflation, that $20k will only seem like $19k!
Y: But I still owe $20k, plus interest, & my income didn't go up.
P: You should work at the Fed. We do great.
Bernanke 2008: Inflation is a tax, and it's too high.
When Bernanke said this, "core CPI" (their BLS number) was running at 2.246% YOY.
@OversightDems
@COVIDOversight
JUST IN - Germany's ruling coalition has agreed to issue banknotes with a face value of €120,000,000,000,000 Reichsmarks as part of a new "inflation relief" package. - DW
@OversightDems
@COVIDOversight
Pimco Intern Ben Bernanke in December 2010:
"We will not allow inflation to rise above 2% or less...We could raise interest rates in 15 minutes if we had to."
The beauty of MY infrastructure plan is that, as we build the infrastructure, we'll actually create demand for additional infrastructure spending... (1/3,771)
It almost seems as if those in the media and government want liberals and conservatives (whatever those terms mean now), black and white, rural and urban, old and young, etc. people to fight with each other, to distract us from the real threat, a few sucking up all the wealth.
Ok, this should get me banned:
Open everything up.
People who are immune compromised (including elderly) should be vaxxed & N95 masked.
No vax mandates.
Masks optional.
I'm vaxxed.
I'm no doctor, but we have to stop being terrified of living.
Block me if you hate this.
What does it mean?
Maybe it means the
@federalreserve
's ZIRP & QE policies made houses unaffordable for most people, except hedge fund managers, foreign money launderers, desperate well-off yield-seekers, Blackstone, and overpaid Fed staffers.