@johnserwach @rubecube12 @ForeignSubstance
How many banks have to blow up before we realize it’s the conditions they are operating under and not the excesses of a few bank executives. Dick Fuld at Lehman was 100 times more deceptive during GFC than Becket ever was at SVB yet no one singularly put the blame on Lehman.
Powell’s mishandling if monetary policy should not reflect on Biden. Yet I feel many democrats go out of their way in defending Powell.
@plutus @ForeignSubstance @johnserwach
21 trips. 350. We're growing at 10% nominally. Where are all those cash gains going? Not the market
@ForeignSubstance @johnserwach @plutus
GDP NOwcast 3.2% with 6% inflation. = 9.2% nominal growth. You're the one spewing alternative facts concocted out of who knows where. Like Elon and FSD
@plutus @rubecube12 @ForeignSubstance
Just going to leave this here. Help you guys open your mind to what’s going on, or not— or as Dan might say “how come?”
https://stephaniekelton.substack.com/p/magical-thinking-monetary-thinking?utm_medium=email
@johnserwach @rubecube12 @ForeignSubstance
I've been up on MMT for 7 year; chattin up Tankus, who provides a lotta the substance for her
@johnserwach @rubecube12 @ForeignSubstance
Arresting just for Stormy - has to be more or else lame
@rubecube12 @ForeignSubstance @plutus Justice is blind—
Desantis is done - probably eats his candy bars with his hands too—
@johnserwach @rubecube12 @ForeignSubstance
How much dirt does Guo Wengui have on Trump - I bet plenty. Did he spill beans - ummm...
https://twitter.com/CNBC/status/1636334791862755330?s=20
@johnserwach @rubecube12 @ForeignSubstance
Guo wengui built his fortune by collecting & leveraging compromising information on all sorts of powerful and connected people. There is 0 chance he didn’t try this on DJT
@ForeignSubstance @plutus @rubecube12
Not sure what he’s gonna do? Make a deposit ? Tell people “banks are safe? Tell other rich people “banks are safe”?
@johnserwach @ForeignSubstance @rubecube12
Co-invest...
@rubecube12 @plutus @ForeignSubstance
I don’t think so- he hasn’t sufficient liquid funds for that- he has maybe $150B - this is gonna need more like 2T - not a damn thing buffets gonna do.
@ForeignSubstance @plutus @rubecube12 supply chains have been the only issue.
Someday, someone, will understand that not ALL inflation is at risk.
I suspect the government is extracting brutal terms from the entire banking industry even as we speak. #AboutTime
@johnserwach @plutus @ForeignSubstance
If there is a pause hiking will continue at a slower pace until rates are higher than inflation. I dont want anything. I'm just saying what I see.
@plutus @rubecube12 @ForeignSubstance
Is inflation in the room with us now ?
@rubecube12 @ForeignSubstance @plutus
It’s never “just the tip” 😂😂😂
@ForeignSubstance @plutus @johnserwach
Yeah that includes 30 dollars in tips
@ForeignSubstance @johnserwach @plutus
But more will roll in over the next few days
@rubecube12 @ForeignSubstance @plutus
Oh, that’s better then.
@johnserwach @rubecube12 @ForeignSubstance
If Dems did similarly - they would be crucified. Recrimination is completely asymmetrical - why
https://twitter.com/mmpadellan/status/1637552516601618432?s=20
@johnserwach @plutus @ForeignSubstance
Crony QE capitalism. It neefs to end.
Don't be distracted. The big story isn't "woke capitalism." It's crony capitalism that allows the wealthy and corporations to roll back laws to line their own pockets.
@rubecube12 @johnserwach @ForeignSubstance
Free flow of capital is the essence of globalism
Petty battles is what people backing Trump (he's just the symbol, there's a bigger evil underneath) wants you to focus on. Eye on the prize Danny.
Mature economies, astronomical amount of debt, and you have nativists out there trying to undermine democratic govts at every turn.
@johnserwach @plutus @ForeignSubstance
I'm all for the free flow of capital. I'm against the concentration of wealth that occurs by bailing out failures over and over again. Free flow of capital does not mean the printing of money suppory elites
@rubecube12 @johnserwach @ForeignSubstance
I get the feeling of unfairness - many disparate underprivileged groups have felt the same throughout history. We must sustain the incentive system in our culture and not just singularly strive for this "faux equity".
@ForeignSubstance @plutus @johnserwach
This isn't capitalism. It incentivizes bad behavior. This is bailout the rich and let the poor suffer. Its not possible without the Chinese working class competing for jobs via free trade. Its coming to an end. The reagan miracle is 100% a product nixon's detante. Nothing else.
@ForeignSubstance @plutus @johnserwach
They can't have it both ways. Socialism for me but not for you
@rubecube12 @plutus @johnserwach Agree. But they got out, right? So they're not being "socialized".
What they did was unconscionable of course. They knew what the end result would be. These are not financial neophytes.
I'd have them investigated however. If they were short the bank, I'd haul their asses into court.
But free speech, ya know. No one wants to give that up, including me.
What's another norm or six getting trashed?
@plutus @ForeignSubstance @johnserwach
Thiel still has 40 million at SVB
Plutus
Daniel Rubin ✅
John Serwach ✅
ForeignSubstance ✅
