Plutus@johnserwach @ForeignSubstance @rubecube12
Have you heard any blowback from maga politicians - I've seen guys try and then immediately pull in the horns - this is a BIG WIN
ForeignSubstance ✅@plutus @johnserwach @rubecube12 I think the biggest win here is that Republicans dare not fuck with the "debt ceiling" right now. Biden should be publicly flogging this issue at the moment. He should be *burying* them. But he's not.
@plutus @johnserwach @rubecube12 The message should be: Look, your easing of bank regs in '18 setup a near catastrophe. We cannot afford to play Russian Roulette here. Raise the ceiling NOW.
John Serwach ✅@plutus @ForeignSubstance @rubecube12
That is probably not the best way to handle it as the media could spin it so many ways, plus it causes a loss of face. Best to do it privately.
Daniel Rubin ✅@plutus @ForeignSubstance @johnserwach
Its on Congress to raise the debt ceiling. I'd republicans don't want to pass a clean bill and was cut spending into a recession. That's on them. I'd rather go into default and not pay their constituents who own all the bonds and stocks. We'll pay for Medicare instead. Or they can be grown ups and pass a clean budget bill and clean debt ceiling increase
@johnserwach @plutus @ForeignSubstance
The era of austerity is over. No budget cuts coming
@rubecube12 @plutus @ForeignSubstance they will@increase the debt ceiling- the pressure behind the scenes is growing.
I wonder if that loser is still planning on staying on “higher for longer” island 🙄
@ForeignSubstance @johnserwach @plutus
TLT won't drop below 3%
@ForeignSubstance @plutus @rubecube12
Fortunately Dan, since everyone is going to be having children (per your theory) there should be no need for this drug !!
@plutus @ForeignSubstance @rubecube12
Alright- let’s play a game—- guess who?
@johnserwach @rubecube12 @ForeignSubstance
This is a winning strategy?
https://thehill.com/homenews/ap/ap-u-s-news/san-francisco-to-air-black-reparations-plan-5m-per-person/
San Francisco board open to reparations with $5M payouts
SAN FRANCISCO (AP) — Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family. These were some of the more than 100 recommendations made by a city-appointed reparations…
@plutus @ForeignSubstance @rubecube12
Hugely popular in the African American community I would think!
@plutus @ForeignSubstance @johnserwach
China in deep recession. They have no money. War with Taiwan off the table
@rubecube12 @plutus @johnserwach War is almost never economically logical in the first place, so I don't know how much confidence I have in this claim.
@ForeignSubstance @plutus @johnserwach
They will be Austria or Russia in world War 2. If they go to war. War when economically weak leads to revolution
@johnserwach @plutus @ForeignSubstance
World war 1 i mean
@ForeignSubstance @rubecube12 @plutus
Do you think Germany was economically strong in WW2 ?
@plutus @rubecube12 @ForeignSubstance
LOL - they were drowning in reparations payments - they created MEFO bonds —-
@johnserwach @plutus @rubecube12 How not to run a war: Discourage/prevent women from working in armaments or fighting, while your enemy w/ a larger pop base does the opposite. Use slave labor that has to be monitored constantly less it sabotage. Constantly obsess over the specs of armored vehicles (tanks) with an average life of only days to a week.
@johnserwach @plutus @rubecube12 Soviets built tanks with transmissions only expected to work for ~500 km +/-. Nazis built theirs to last ~50K km, even though the average tank in battle never drove 100 km before it was killed. Avg Soviet tank died w/in ~16 *hours once a battle began.
@plutus @ForeignSubstance @rubecube12
Maybe but- They had a helluva run for the first 4-5 years tho.
@plutus @ForeignSubstance @johnserwach
Sold out of ADDYy. Into BAYRY, EONGY, EWG, and Hasi
@plutus @ForeignSubstance @johnserwach
Surge zones on the map. 275 is what I made
@plutus @ForeignSubstance @johnserwach
5.75 plus normal fair. Was 10$ in some areas earlier
@plutus @johnserwach @ForeignSubstance
No the surge zone is just about where you get picked. Those are big areas. I was zoomed out a lot
@johnserwach @plutus @ForeignSubstance
This guy has egg all over his face. He declared Germant dead last. No dark winter. El Nino. Next 2 years. Germany survives. US natural gas for the win in 2026 when La Nina returns https://www.instagram.com/reel/CpnlT5MpuV8/?igshid=YmMyMTA2M2Y=
Tactical Drone Actual on Instagram: "@zeihanongeopolitics a former guest on @joeroganexperience is an advisor to governments and private businesses, he talks about the impending collapse of German manufacturing due to gas shortages. #ukriane #ukrianewar #russia #russiangirl🇷🇺 #germany #german #germany🇩🇪 #germancar #bmw #mercedesbenz #manufacturing #industry #gas #power #food #humanresources #china #nato #europe #euro #european #uk #england #france #poland #usa #usa🇺🇸 #military #war #wwiii"
3,222 Likes, 182 Comments - Tactical Drone Actual (@tacticaldroneactual) on Instagram: "@zeihanongeopolitics a former guest on @joeroganexperience is an advisor to governments and priva..."
@johnserwach @ForeignSubstance @rubecube12
Utterly cringeworthy - 100% will be politicized
https://twitter.com/Stephen_Geiger/status/1636528106788777986?s=20
@ForeignSubstance @plutus @johnserwach
It has to be systematic. That's what the law says
@rubecube12 @ForeignSubstance @johnserwach
No one does math brah
@rubecube12 @plutus @ForeignSubstance I’d prefer to see the full clip but- I really don’t have a problem with her answer (minority view) 🤷🏻♂️
@johnserwach @rubecube12 @ForeignSubstance
Unfortunately, most Midwest voters are like hygienists by their political persuasion
@ForeignSubstance @rubecube12 @plutus
They like clean teeth ?
@plutus @johnserwach @rubecube12 Just a no-win Q in any case. "Do you want a bank run, or tighter credit?"
"Sir, may I have another?"
@ForeignSubstance @johnserwach @rubecube12
Of course Lankford spent all-night crafting this question; Yellen could've been much smoother
@ForeignSubstance @johnserwach @plutus
Podunk community banks are free to fail, but most of them have less than 50 billion dollars so thamwy are free from regulation even under the full Dodd frank law pre 2018. Yes there is different treatment, but that treatment comes with increased regulation
@rubecube12 @ForeignSubstance @plutus
I don’t think Joe six pack is concerned- he’s covered. Sure, the pines’s of this world are out buying silver bullion & MRE’s & ammunition - and the elites like the present company, well, u can only have so many accounts, amirite ? So I’m sure you guys keep your overage at the big guys. I imagine the Oklahoma wildcatters do the same.
@johnserwach @ForeignSubstance @plutus
Yeah nobody is keeping there overage at some small cap credit union. Unless they have an exclusivity clause like SVB put on all their clients
@plutus @johnserwach @ForeignSubstance
A sport John can get behind https://www.instagram.com/reel/CpQIZJqpGdT/?igshid=YmMyMTA2M2Y=
@rubecube12 @johnserwach @ForeignSubstance
Same dude who wants to break-up FANG because they are oligopolies but it's fine to kill small banks and leaving just the top 4 is ok.
I keep receipts Danny.
@rubecube12 @ForeignSubstance @plutus
I think it was more like “you’re saying the quiet part out loud Senator, there was a systemic risk, if banks started collapsing what do u think would happen to your Oklahoma community bank?!?”
@johnserwach @rubecube12 @ForeignSubstance
No the issue is that he knew she couldn't say every uninsured depositor will be backstopped - that is the gotcha.
Even though in practice anyone in trouble will be... but mathematically, they can't cover every uninsured if everyone is in trouble simultaneously.
@ForeignSubstance @rubecube12 @plutus
Maybe I’m reading between the lines but her body language said to me “you realize this isn’t over yet, so STFU”
That’s why I think she was surprised cuz that wasn’t helpful.
@johnserwach @rubecube12 @plutus The Q seemed, to me, to be an attempt to blur the line a little bit between saving depositors and saving banks.
Lankford Spars with Yellen on Billionaire Bailout Paid for by Oklahoma Community Banks
@plutus @johnserwach @ForeignSubstance
Her answer is the whole truth, nothing but the truth so help her God. You want her yes and be lying through her teath. No we are not going to save some podunk community bank. They aren't systematic and they don't have many uninsured deposits
@rubecube12 @johnserwach @ForeignSubstance
Ain't about me Danny, ain't about me