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Joe Biden 2021

tantric superman

By tantric superman
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immamac
immamac

@GRHorn I'm going to dinner at Bob's tomorrow and expensing it to the surly business account simply to re-take the picture that is your avatar, and I'm going to replace it with one that actually looks

Beau Vine
Beau Vine

The Dow Jones Industrial Average closed at its all-time high today, so I'd like to congratulate Joe Biden for building the greatest economy the world has ever seen.

mdmost
mdmost

Let us know the results after you take it

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Satoshi

Satoshi 129

Posted
Posted (edited)
23 minutes ago, jimmyjazz said:

You didn't read the article.  It specifically outlined two sub-accounts per individual/couple/household/whatever, one transactional, one reserve, the latter of which would receive a higher interest rate in a  situation in which the Fed wants to contract money supply by reducing the transactional deposits.

She is not proposing that the government take your money.

 

23 minutes ago, jimmyjazz said:

You didn't read the article.  It specifically outlined two sub-accounts per individual/couple/household/whatever, one transactional, one reserve, the latter of which would receive a higher interest rate in a  situation in which the Fed wants to contract money supply by reducing the transactional deposits.

She is not proposing that the government take your money.

They would debit your FedAccount. That is removing money from it. This isn’t complicated. 
 

Did you watch the video? She explicitly talks about the political feasibility of the Fed taking money out of people’s accounts. 

Edited by Satoshi
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jimmyjazz

jimmyjazz 47127

Posted
Posted
1 minute ago, Satoshi said:

 

They would debit your FedAccount. That is removing money from it. This isn’t complicated. 

Not permanently.  You missed the "higher interest rate" part of the equation.  The primary goal is to take money out of circulation, via the shift from transactional availability to reserve availablity.

Again, I'm not advocating for or against the idea, but it needs a WHOLE lot more information to even be judged . . . as in, real processes and projections.  As it stands, it's an academic theory that is a long way from implementation, regardless of her position in the government.

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Satoshi

Satoshi 129

Posted
Posted
4 hours ago, jimmyjazz said:

Not permanently.  You missed the "higher interest rate" part of the equation.  The primary goal is to take money out of circulation, via the shift from transactional availability to reserve availablity.

Again, I'm not advocating for or against the idea, but it needs a WHOLE lot more information to even be judged . . . as in, real processes and projections.  As it stands, it's an academic theory that is a long way from implementation, regardless of her position in the government.

I don’t think I need more info. A policy that involves concentration of all the cash of Americans into Fed accounts where they can be debited is a nonstarter. I don’t care what high interest they claim will be offered. That is central planning on steroids. No surprise that a communist is proposing it. 
 

 

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F250

F250 29195

Posted
Posted
21 minutes ago, Satoshi said:

I don’t think I need more info. A policy that involves concentration of all the cash of Americans into Fed accounts where they can be debited is a nonstarter. I don’t care what high interest they claim will be offered. That is central planning on steroids. No surprise that a communist is proposing it. 
 

 

How is she a communist?

 

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Satoshi

Satoshi 129

Posted
Posted
18 minutes ago, Biff Tannen said:

Agreed.  That is not what is being proposed.

 

12 minutes ago, Neonmoon said:

They make up boogeyman to spread fear and control the stupid. Satan out front should of told you 

Two excerpts from

pg 28-29

7-EBA0249-F180-462-D-899-A-5587-F7-BCEE1
 

 

 

 

25029475-6-A62-4-D8-A-BA5-F-1-D543-D15-B

Not sure why y’all are arguing this. 

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jimmyjazz

jimmyjazz 47127

Posted
Posted

If you read the paper he is citing, there is nothing other than a few references to "debiting" a FedAccount and none that say money is being taken from depositors, certainly not permanently.  It appears to be the typical theoretical bullshit that does not drill down into details, but let's not let that stop the right wing from interpreting certain sections in the manner most suited to advance their agenda.

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washparkhorn

washparkhorn 9973

Posted
Posted (edited)
7 hours ago, F250 said:

How is she a communist?

She's not, of course.

There are many out there who do not understand the role of independent central banks as regulators of banks and their efforts to streamline the banking system.

Many are stuck on Andrew Jackson-like notions of central banks straight out of the 1830's using assumptions from that time that no longer exist in reality.

Jackson, of course, was an American Nationalist first. He lived in a day when the dollar was not the dominant world reserve currency, so Jackson's views on central banks are inapposite to our dominant Federal Reserve System with its strong dollar. Jackson was worried about our weakness to foreign central banks in the 1830's. Jackson, an American Nationalist, would cheer on our dominant reserve currency. 

Whenever they don't know something, they just screech "Commie" or "Socialism" to obscure ignorance. Rather than taking the time to check the credibility of their assertions, they toss Commie or Socialist on the wall and find out if it sticks with their mindless drones. It's always the fallback - because we have too many gullible rubes who get stuck in the terminology.
 

Spoiler

For instance, many in this small subset have no idea that China is now a capitalist economy or that our subsidies to farms and the defense industry are pure socialism. (We have a Mixed Economy; China utilizes State Capitalism). 

Classical concepts like liberalism and liberal (freedom from government interference) confuse them, because everyone around them has always said "liberals are evil."

Delayed gratification to better understand the credibility of their beliefs is not in their arsenal. They think it; they believe it. Intellectual curiosity never got the best of them because they don't care to know whether a feeling is reality or not.  (nihilism and communicable dissociative disorder).

I am not speaking of anyone on this board. It's a national problem.

Ignore is your friend

Edited by washparkhorn
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JimmyJames

JimmyJames 12271

Posted
Posted

I rarely neg GRUHorn anymore because even if you crowdban him he just comes right back with a new handle. Would’ve thought you couldn’t do that but hey, it’s not my board.

Plus he’s gotta pay for his crappy apartment somehow. Probably behind on his child support as well. 

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Satoshi

Satoshi 129

Posted
Posted (edited)
15 hours ago, F250 said:

How is she a communist?

 

While I share her concerns about socializing losses in bailouts, her proposed solution involves a massive new bureaucratic apparatus and includes potential nationalization of industries via “Golden shares”. These “golden shares” can be elevated to the manager of last resort in “crises” and the government can essentially assume the means of production in various industries. 
 

41666590-1082-4-A31-826-E-051-C4-DC83-E8

 


F4-D65-C40-39-FD-4736-B80-C-8085-E5439-A

 

Outside of that the National Investment Authority is just another central planner’s wet dream where funds will be continuously directed for leftist preferred projects. I’m sure it would be incredibly efficient and in no way corrupt or a “grift” as is favored term here now. 
 

https://poseidon01.ssrn.com/delivery.php?ID=475067021089025026014016031023122005125033039077095007109010103022025029089071095027011106020047055036105027067124030070077103098057087032023082004072096008127026003028034084092025003084065101001123095007026126004068107071028088102000113093122084072021&EXT=pdf&INDEX=TRUE

 

Edited by Satoshi
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Captainant

Captainant 28507

Posted
Posted
9 minutes ago, Satoshi said:

While I share her concerns about socializing losses in bailouts, her proposed solution involves a massive new bureaucratic apparatus and includes potential nationalization of industries via “Golden shares”. These “golden shares” can be elevated to the manager of last resort in “crises” and the government can essentially assume the means of production in various industries. 
 

41666590-1082-4-A31-826-E-051-C4-DC83-E8

 


F4-D65-C40-39-FD-4736-B80-C-8085-E5439-A

 

Outside of that the National Investment Authority is just another central planner’s wet dream where funds will be continuously directed for leftist preferred projects. I’m sure it would be incredibly efficient and in no way corrupt or a “grift” as is favored term here now. 
 

https://poseidon01.ssrn.com/delivery.php?ID=475067021089025026014016031023122005125033039077095007109010103022025029089071095027011106020047055036105027067124030070077103098057087032023082004072096008127026003028034084092025003084065101001123095007026126004068107071028088102000113093122084072021&EXT=pdf&INDEX=TRUE

 

bruh this is an academic paper - not economic policy. You need to take a deep breath lol. She can't just wave a magic wand and change the structure of the national economy. 

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Satoshi

Satoshi 129

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Posted
5 minutes ago, Captainant said:

bruh this is an academic paper - not economic policy. You need to take a deep breath lol. She can't just wave a magic wand and change the structure of the national economy. 

Does This mean it’s in BBB bill?

 

https://www.congress.gov/event/117th-congress/house-event/111446

Scroll down. There’s at least been a National Investment Authority Act proposed. 

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F250

F250 29195

Posted
Posted
1 hour ago, Satoshi said:

While I share her concerns about socializing losses in bailouts, her proposed solution involves a massive new bureaucratic apparatus and includes potential nationalization of industries via “Golden shares”. These “golden shares” can be elevated to the manager of last resort in “crises” and the government can essentially assume the means of production in various industries. 
 

41666590-1082-4-A31-826-E-051-C4-DC83-E8

 


F4-D65-C40-39-FD-4736-B80-C-8085-E5439-A

 

Outside of that the National Investment Authority is just another central planner’s wet dream where funds will be continuously directed for leftist preferred projects. I’m sure it would be incredibly efficient and in no way corrupt or a “grift” as is favored term here now. 
 

https://poseidon01.ssrn.com/delivery.php?ID=475067021089025026014016031023122005125033039077095007109010103022025029089071095027011106020047055036105027067124030070077103098057087032023082004072096008127026003028034084092025003084065101001123095007026126004068107071028088102000113093122084072021&EXT=pdf&INDEX=TRUE

 

But how is she a communist?

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F250

F250 29195

Posted
Posted
1 hour ago, Captainant said:

bruh this is an academic paper - not economic policy. You need to take a deep breath lol. She can't just wave a magic wand and change the structure of the national economy. 

Yes, most of the attacks seem to be directed at her academic writings. Which is a red herring since the papers are not related to the role of her appointment.

She does swim in the MMT lane which is deserving of skepticism but even that would be unrelated to her role. What is interesting is her work on regulation which I suspect is the biggest reason for the smear campaign being used against her. Regulation would fall into her role but the attacks against her have nothing to do with regulation.

I suspect being vocally anti-bank regulation doesn't work as well when you are trying to be the party of the working man. 

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Make em eat Taco Bell

Make em eat Taco Bell 1549

Posted
Posted (edited)
On 11/9/2021 at 3:06 PM, gmr548 said:


I wouldn’t call it massive. Republicans net a few EVs in hard red states vs hard blue states. It still comes down to swing states. The fundamental landscape hasn’t changed much.

2024 results with new Electoral College Map, losing GA and PA, Biden loses 270-268 with all other states being equal - even though VA seems to be in play 

Edited by Make em eat Taco Bell
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Satoshi

Satoshi 129

Posted
Posted
13 minutes ago, Hugo Stiglitz said:

This is Joe Biden’s fault

 

Lol. 
 

The rules will never apply to these elites making them. They’re going to have large carbon footprints with their jets and mansions. They’re not going to eat these man made alternative proteins or bugs that they’re trying to normalize in the name of the environment. 

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Satoshi

Satoshi 129

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Posted
16 hours ago, Satoshi said:

Lol. 
 

The rules will never apply to these elites making them. They’re going to have large carbon footprints with their jets and mansions. They’re not going to eat these man made alternative proteins or bugs that they’re trying to normalize in the name of the environment. 

Right on time. 

 

Same energy as this from a few years back. 
 

05-BF9-DDE-0-A6-A-45-D6-9-D59-688-AAF93-

 

 

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Satchel

Satchel 6982

Posted
Posted
21 hours ago, StassneyHorn said:

There has been nothing more enjoyable than reading the wild screeching from the microwave generation about how Joe Biden can’t get anything passed to how he can’t win the primary.

As the Dems stand on the precipice of completing Biden’s legislative trifecta, the prevailing narrative on CNN is Biden as senile codger who is hemorrhaging support because of his cognitive decline.

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elfenix

elfenix 34744

Posted
Posted
5 minutes ago, Underdog said:

Anyone got a brine recipe for soybean turkey?  

chipotle pepper, black pepper, chili powder, sugar, cilantro, 5% brine, cut in two and put each piece in a large freezer bag with half a bottle of liquid smoke.  roast in large metal turkey pan, covered in a mixture of stubbs and cattlemans sauce at 225 for 5 hours. 

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Biff Tannen

Biff Tannen 46150

Posted
Posted
1 hour ago, elfenix said:

chipotle pepper, black pepper, chili powder, sugar, cilantro, 5% brine, cut in two and put each piece in a large freezer bag with half a bottle of liquid smoke.  roast in large metal turkey pan, covered in a mixture of stubbs and cattlemans sauce at 225 for 5 hours. 

And a butterfinger 

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Satoshi

Satoshi 129

Posted
Posted
3 hours ago, Neonmoon said:

They’re taking away your…[literally insert anything, their dumb fucking base will believe it]
 

Christmas, guns, jobs, suburbs, meat, 

 

Not really, you would fucking love to, I mean kind of, not really, it’s on the list. 
 

Remember on the energy transition thread one of the bullet points was the need to alter food production for the environment. You even pronounced predictably how there were some tasty man made protein options.
 

Please believe that if the elites can sell that to the global population then they will still be eating real meat and protein and Mr and Mrs NeonMoon will be enjoyed their tofurkey Bob Cratchit style. 
 

In any event, here’s Joe Biden’s America. I wonder if a R was in office would there be such helpful segments explaining how to get by?

 

 

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