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I don't think Soros has done anything that qualifies him as evil but I am curious about this strictly as a finance question if anyone knows. To what extent did Soros cause the pound to crash by betting against it and to what extent did he simply predict it would crash and bet against it? Or is it some combination of both, namely that the position he took was based on a prediction but also had an effect.Quote:
Originally Posted by broncofan
The elephant in the room is not even the republican party, they seem to have surrendered to him. The classic Republican Suit has been replaced by the Rush Limbaugh Johnny Bravo suit, Trump fit the suit. It would have to be a comic book character. Trump may get an Academy Award along with his Nobel Prize.Quote:
Originally Posted by broncofan
Here's the thing: there's sixty million of them. ....getting rid of Trump will be the easy part. The first page of his income taxes probably is good for ten years.......no, the hard part would be Mike Pence inheriting the worst step child one could ever image: The Trump Army.
George Soros was doing what capitalists do, in his case buying and selling currency. The opportunity to make a lot of money on a bet was provided to him by the incompetence of the Conservative Govt in its management of the country's financial system. Joining the European Exchange Rate Mechanism (ERM) -a precursor to the Euro- in the manner in which it did and at the rate relative to the Deutschmark was the root of the problem, mostly due to the chronic problems of low productivity in the UK economy and the country's interest rate confusion, two issues we still face today. I suppose one could accuse the Germans of sabotage, but they looked at the figures and it was clear that Sterling was weak, Soros listened to what the Germans had to say, and concluded it was only a matter of time before the currency was either devalued by the Treasury or forced out of the ERM, and upped his stake from a billion $ to over $10 billion. And don't forget that on the day interest rates were going up by the hour and the Bank of England under Govt instructions spent £27 billion trying to save a currency that couldn't be saved. I remember it well because I had a loan at the time that was set at 2% over the base rate which meant I ended up paying 17% on the loan, others such as home-owners in the early stage of their mortgage lost their homes as the cost rose beyond their means, and so on.Quote:
Originally Posted by BostonBad
So don't blame George Soros, if anyone is to blame it is the Conservative Party and its rank, incompetent management of the economy.
There is a detailed analysis of the way in which Soros expertly played the market here-
https://priceonomics.com/the-trade-o...e-soros-broke/
I don't know who Cunningham is and only know the other two by their reputations, but I understand the point you are making. At root, though, I think resentment is a more destructive force than anger because one boils up and explodes and then dies down, but resentment gnaws away at the mind and thus can motivate people to plan their resolution, convincing them that what they destroy will leave something better behind or the conditions for improvement. I don't agree with the idea that these people have, that the America they used to know and love has been 'taken away' from them through liberal social policy, immigration, the loss of wars overseas -something they don't like to talk about in fact but which is part of the deeper despondency they feel over a 'declining' or a 'broken' America, but I think it does reflect the mentality of a certain group of White Americans who also cannot reconcile themselves to the fact that they are the architects of what they claim has gone wrong, just as capitalism as practiced in the Reagan era and since has led to the off-shoring of jobs they now complain is a 'trade war' with China they are losing, as if the Chines had held a gun to the USA's head and said: give is your manufacturing jobs or we will shoot!Quote:
Originally Posted by yodajazz
That is complete rubbish which reveals your hidden agenda. Soros made his money at the expense of the Bank of England, which was trying to prop up the currency at the government's behest. Being forced out of the ERM was arguably good for the UK economy because it allowed the currency and interest rates to fall at a time when the economy was weak.https://en.wikipedia.org/wiki/Black_WednesdayQuote:
Originally Posted by BostonBad
It is a combination of both. The UK's ERM exit is an example of a 'second generation' currency crisis, where speculators attack a currency because they doubt that a government is willing to do whatever it takes to maintain the peg. In this case, speculation may be self-fulfilling; ie the currency peg could have been maintained if speculators had not attacked. However, the underlying source of vulnerability is that governments have conflicting goals. They want to maintain the currency peg but they also worried about the effects on the economy of doing whatever it takes to hold the peg, which normally involves raising interest rates. The UK economy was still recovering from recession in 1992, so Soros made the correct judgement that the government would blink first.Quote:
Originally Posted by broncofan
As crazy as it seems, I don't see any other outcome except for Trump to start firing people, and pardoning people. Trump's going to fire the policemen, and pardon the criminals. When does this joke end?
Another bizarre story about Trump's disdain for any kind of legal obligation. There are people in the White House who spend their time taping up his papers because he insists on tearing them up. https://www.politico.com/story/2018/...-system-635164
is larry kudlow drunk?
https://www.youtube.com/watch?v=a4HCULGOxN8
He probably needed a few stiff ones to get up and say in public things he must know are complete bullshit. What is the terrible thing Trudeau is supposed to have done anyway - saying that he will stand up for Canada's interests against Trump's bullying?Quote:
Originally Posted by bluesoul
It is true that Canada applies very high tariffs to imported dairy products above specified quotas. http://checkyourfact.com/2018/06/11/...-tariff-dairy/ Most countries have some sectors that are heavily protected and the US is no exception. https://www.businessinsider.com.au/a...f-on-imports-1
Overall, however, tariffs are similarly low across most countries so claims that trade is rigged against the US are nonsense. According to the WTO average tariff rates are 2.4% for the USA, 3.1% for Canada and 3% for the European Union. https://www.wto.org/english/res_e/st...tis_maps_e.htm
I'm guessing it was the prelude to the heart attack he suffered tonight.Quote:
Originally Posted by bluesoul
according to paul begley, it was actually "illuminati assassins" using "heart attack guns"; then throws in a bunch of "what-about-all-these" suspects into the mix because it could be caused by any number of those things. you just never know these days
https://www.youtube.com/watch?v=PmC1Ky0luVM
also: is dennis rodman drunk?
https://www.youtube.com/watch?v=dAJLJRRJY3E
i wonder why it took the NY AG this long to bring about a lawsuit against trump and family about their b.s. charity org. i know a lot of 'pedes' are going to see this as another attack on GEOTUS from the deep state but c'mon, you honestly can't believe trump is charitable can you? i think that's the one thing we can all agree trump is not
https://www.nytimes.com/2018/06/14/n...y-general.html
Sarah Sanders, the White House press secretary invoked the Bible to defend the Trump administration’s immigration policy of separating mothers from their children.
She was speaking at Thursday’s White House briefing, in response to a question about comments made by the attorney general Jeff Sessions, where he cited a passage in the Bible to justify the policy.
“I would cite you to the Apostle Paul and his clear and wise command in Romans 13 to obey the laws of the government because God has ordained them for the purpose of order,” said Sessions.
https://www.theguardian.com/us-news/...-border-policy
Because the Bible takes precedence over the Constitution and the law. But a most unusual 'Christian government that separates children from their parents and parks them in the desert in their thousands...
It looks like the Trumpnuts' takeover of the Republican Party is about complete, though I guess the positive is that these types are less likely to win close contests in the midterms . https://www.politico.com/story/2018/...istance-644721
Even the sensible ones seem to be cracking on the Mueller probe, and obviously the Inspector-General's report on the FBI won't help. Wtf was Peter Strzok thinking?
https://www.politico.com/story/2018/...istance-644721
https://www.politico.com/story/2018/...mueller-645588
As more material emerges it appears that Aaron Banks and Nigel Farage used their Leave.EU campaign organization during the EU referendum to co-ordinate with the Russians and the Republican campaign in the US. The more this material emerges, the less coincidental it appears to be, with the additional link between Farage and Russian stooge Julian Assange. Aaron Banks and spokesman for Leave.EU Andy Wigmore appear to have lied to Parliament, but probably don't care about that as they show contempt for the 'establishment' on the basis that their loyalty is to 'the people' who voted Leave. The problem is not that the Russians were interested in the Referendum, so, I assume were China, Angola and Argentina, but there seems to have been no contact with those three or messages of support such as the one sent to the Russian Ambassador.
It is also the case that even if the Russian 'intervention' did not sway the outcome of the Referendum or the US election, both of which were won on tight margins, that the Russians intervened and had willing accomplices in the UK and the USA is the issue that ought to be making headlines.
Here is an extract from the report and a link to a critical article:
A leader of the Leave.EU campaign suggested sending a “message of support” to the Russian ambassador after the then foreign secretary made a speech that was critical of Russia, documents seen by the Observer suggest.
The material also appears to show that Andy Wigmore, spokesman for the Leave.EU campaign and the business partner of Arron Banks, the biggest funder of Brexit, passed confidential legal documents to high-ranking officials at the Russian embassy and then denied it to parliament.
The documents related to George Cottrell, an aide to Nigel Farage who was with him on the campaign trail for Donald Trump in July 2016. Cottrell was arrested by the FBI and charged with 21 counts of money laundering, bribery and wire fraud.
https://www.theguardian.com/uk-news/...s-andy-wigmore
https://www.theguardian.com/commenti...-big-to-ignore
Speaking of religion, and Trump I just discovered the identity of this US guy, name Mark Taylor. He is using religious prophecy, to promote ideas, like 'Trump is being used by God to fulfill his mission. I happened to hear him speak, and I see his mission as justification for fascism, with Trump as the "strongman".Quote:
Originally Posted by Stavros
https://www.worldreligionnews.com/entertainment/trumps-prophet-getting-movie
http://www.rightwingwatch.org/post/m...icizing-trump/
I haven't run out of bad things to say about Trump, but I have run out of new ways to say bad things about Trump, it may be that the Republican Party is on it's last legs. Dramatic Nonsense like this usually has a limit, would Republicans warm up to Mike Pence? Will the search for a White Obama sink the Pequod?
Word for the day https://www.thefreedictionary.com/trumpery
trump·er·y (trŭm′pə-rē)
n. pl. trump·er·ies
1. Showy but worthless finery; bric-a-brac.
2. Nonsense; rubbish.
3. Deception; trickery; fraud.
[Middle English trompery, deceit, from Middle French tromperie, from tromper, to deceive, from Old French se tromper de (quelqu'un), to deceive, mock (literally, "to play (someone) like a trumpet"), from tromper, to play the trumpet, from trompe, horn, trumpet; see trumpet.]
The long-awaited assault on welfare in the US has begun. Conservatives and nationalists have loathed and detested the welfare programmes of the 1960s with as much venom as the extension of the vote to Black people, but just as they have been successful in getting Black Americans off the register, the focus on Welfare appeared too complex to take on. The new Administration has therefore decided to chip away at it in much the same way that with no replacement for Affordable Care, it is tinkering with the details of 'Obamacare' to make it harder for poorer people to obtain health insurance. But the poor must pay again through the piecemeal chipping away of benefits. Maybe some people taken off welfare will get jobs, which is the basic mantra of Charles Murray and people like him, maybe not -but what happens if they remain unemployed without the means to support themselves?
President Trump, spurred on by conservatives who want him to slash safety net programs, unveiled on Thursday a plan to overhaul the federal government that could have a profound effect on millions of poor and working-class Americans.Produced over the last year by Mr. Trump’s budget director, Mick Mulvaney, it would reshuffle social welfare programs in a way that would make them easier to cut, scale back or restructure, according to several administration officials involved in the planning.
Among the most consequential ideas is a proposal to shift the Supplemental Nutrition Assistance Program, a subsistence benefit that provides aid to 42 million poor and working Americans, from the Agriculture Department to a new mega-agency that would have “welfare” in its title — a term Mr. Trump uses as a pejorative catchall for most government benefit programs.
https://www.nytimes.com/2018/06/21/u...T.nav=top-news
The President may fail to merge the Education and Labor Departments, but it does show yet again that he has no interest in education, in fact one wonders why he doesn't abolish it altogether.
The US welfare system is already very scanty compared to other developed countries. https://www.bbc.com/news/world-us-canada-37159686 This seems to be another Republican ideological obsession regardless of the evidence, just like cutting taxes on the rich.
While you may be right in relative terms, in the US it has become a significant issue because it often becomes the litmus test for real Conservatives who believe in free markets shaped by individuals making their own decisions. What is called the 'nanny state' in Britain in the US they claim has become a 'welfare dependency culture' where single parents, usually women, exist on handouts without ever having the need to get 'a proper job', where the state compensating for lack of income perpetuates the relationship to create a dependency that must be broken, a) to relieve tax-payers of the burden, and b) to get people back into work. The basic mantra is simple: take away someone's welfare, and they will get a job. This assumes there are jobs to be filled, but also assumes it is financially worthwhile to be in work because it pays better than welfare, though this might not always be true. It sounds reasonable in some parts of the county, but in many parts, and not just West Baltimore, there are no jobs. And what is a 'proper job'? Selling drugs on the street corner is, after all, a job. It may not yet be legal, but it is a job. And tax free. Maybe Charles Murray should be applauding the existence of the free market in narcotics?Quote:
Originally Posted by filghy2
yeah, thanks for that attmpt at a reply
anyone with six bankruptcies under their belt isn't good at business. A person who lost a $1 billion dollars running a casino where the house always wins is not good at business. On the contrary, they suck at it.
Making money off the presidency because countries are falling over themselves to help you financially to get on your good side doesn't make you a good businessman. It just makes you good at abusing the presidency.
I'm sure in a room full of Russian Prostitutes, Donald is a real gas, but as President of the United States he lacks character.
I used to like to go to the Air Shows when I was a kid, climb through a tank or a B-17, awesome. But I've never seen as many military Aircraft as when I flew into Germany. All the Presidents have complained about NATO members paying club dues, but for Trump it's one less day out of jail, I guess.
Hmmm, the crowds in Europe aren't like Kansas, hunh?
Where's Stavros? I hope he's not planning on saving the world, or anything.
Trump's White Trash Tour ends of course where it all began, with Trump and Putin getting there stories straight. .
10 hours of Gomer, Groper, Gowdy, Issa, All these guys are showing off for Fox News.
They should do routine lie detector tests on Congress, just like they do in the FBI
Having this Mueller Investigation hanging over his head,.....How big of an asshole does Trump have to be to let this go on? How often does THAT DAMN INVESTIGATION pop up in his brain, every 45 seconds? A New York Real Estate Developer? All of Mueller's guys are from the old school gangster trials.
Let this be a lesson for you, Republicans, because when he goes down, you go down. Kobiashi Maru, Motherfuckers!!! haw haw haw.
Unlike in his past business ventures, Trump seems to have repaid his Russian backers with interest this time. Putin could hardly have asked for more from this trip. Even Fox News criticised Trump's sycophancy to Putin.
The question is whether this will cause the Republicans to finally wake up and recognise the need to do something, or will they continue to sit on their hands and do nothing but tut-tut. Surely they can no longer pretend that Trump is just using unconventional means to pursue the same foreign policy goals they support. My money is on more tut-tutting - I think Trump must have their cojones in a big jar in his office.
Stavros must be on holidays or otherwise indisposed. Normally we would have had at least 1/2 a dozen posts on Trump's trip.
why do we need a big Army bombs nuke American surrender to a Foe with with out a Shot fired NEVER IN THE HISTORY OF AMERICA HAS THIS HAPPENED
would - wouldn't
same difference eh?
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supposedly trump has invited putin to the whitehouse- possibly to clear up this whole "would/wouldn't" thing
https://www.youtube.com/watch?v=E7e3O3-IwNM
love this story: cohen (trump's former lawyer) has a recording of trump discussing payments to "a playboy model" whom he had an affair with. trump's current lawyer (giuliani, the guy that married his cousin and fucked up the deuce) confirmed that trump had discussed payments.
gotta give it up to corruption, though. despite all this, these guys will still stand by their man. i wonder what the everyday citizen that's a trump supporter gains from all this though that keeps him going or does ignoring facts just become the daily business?
https://www.nytimes.com/2018/07/20/u...rump-tape.html
If you want to worry about something, worry about the erosion of the rule of law, and a fundamental shift that could undermine the very basis of democracy, and not just in the US.
To add to the cavalier manner in which the President tells lies, often obvious, verifiable lies, and the indifference to foreign intervention in the US election, we now have the icing, those who think that if the Russians did intervene then it was a good thing.
A voter called in to C-Spa to register her thanks to the Russians, as apparently Hillary Clinton was such a threat to the USA it may have needed the help of a foreign government.
“I'll try not to sound too awful, but I want to thank the Russians for interfering with our election to stop Hillary Clinton from becoming president,” a caller from Connecticut said.
http://thehill.com/policy/internatio...n-from-winning
Responding to a social media tweet "“If Trump & co. just pivoted to ‘Aren’t you glad Russia helped us defeat Hillary Clinton?’ would there be any serious blowback from his base?”, Mckay Coppins received these replies-
“No,” said Cassandra Fairbanks, a writer at the right-wing news and conspiracy website Gateway Pundit (and a former Sputnik employee). “I mean, I would be cool with it. Im already there. If russia was involved we should thank them.”
“No,” responded another self-identified Trump voter. “Hillary is a greater threat to our Republic.”
https://www.theatlantic.com/politics...russia/565592/
I am not even sure it would be ok to shrug shoulders and say 'yeah but they are right wing nut jobs' because the basic principle is that Americans appeal to Americans to vote, and should not be so desperate -for money, support of any kind- as to recruit a foreign government. But if it is the case that Americans have turned against themselves to the extent that they consider Hillary Clinton the greater threat, does this not expose a cleavage in American society that may not be repaired?
In the UK, the EU Referendum was won by the Leave campaigns that broke the law, while last night on Channel 4 News it emerged that one of the campaign groups, LeaveEU was funded largely by a man, Aaron Banks, whose claim to be a multi-millionaire may not be as strong as he claims, and whose claim he had a 'boozy lunch' with the Russian Ambassador masks numerous visit to Russia Banks has not admitted to, possibly leading to more information on Russian involvement in the Referendum. Banks is a close friend of Nigel Farage.
Law breaking, and indifference to political institutions that hold people accountable for their actions are undermining democracy as we know it. When Banks appeared at a Select Committee to discuss his role in the Referendum he treated it as a joke and half-way through got up to leave saying he had a lunch appointment more important than giving evidence to Parliament. Dominic Cummings, who was a principal organiser of the other -mostly Conservative Party run- Vote Leave, has refused to appear before any Parliamentary committee, while Alexander Nix of Cambridge Analytica also refused at least two requests before appearing, and dismissing a lot of what the Committee asked as if it were irrelevant.
The police are now involved in the UK case just as Robert Mueller is investigating claims in the US. The danger is that law breaking and lies become a norm where once they were unacceptable at any level. Once that line has been crossed, the glue that holds our institutions together begins to melt, and they fall apart. This is a slow-burn crisis, and as we have yet to feel the full force of Brexit or the insane tariff war the USA is waging -for reasons of 'National Security' we cannot know the consequences, but would you rather live in a country which respects the rule of law or not? Where politicians do not lie, or tell as many as they like?
Or is this just a blip in recorded time, and when there is a change of government we will 'return to normal'? Or will half of the USA now accept a Democrat President at all?
I forget the name of the guy on TV who said that Trump is like the guy in the car who says "You can look anywhere you want to, Officer, as long as it's not the trunk" Everything he says screams collusion. Anyone who says "there was no collusion" a thousand times can make a reasonable person conclude that there was indeed collusion. No colusion, though.
I hope Mueller exposes not only Trump but Putin as well. Those fuckin' Russians stole my Mom's IRS return one year. They say all that trouble Putin is costing the West costs him peanuts in comparison. NASA spent 2 billion for a pen that writes in space, the Russians use a pencil. Champagne taste beer-bottle budget. In fact I heard they sell beer in the soft drink section of the Moscow Safeway. Putin is one of the richest men in the world.
I agree there are plenty of grounds for pessimism, and we've seen it happen in some other countries whose leaders Trump so admires, albeit ones where democracy and the rule of law were less well-entrenched. I guess the saving grace is that these people are not very competent, so eventually they are bound to screw something up so badly that they can't lie their way out of it. There's a fair chance something like that will happen before the 2020 election.Quote:
Originally Posted by Stavros
As a spiritual person, i see a spiritual issue here. It can boil down to a simple issue of positive thinking vs negative thinking. Long ago, a man named Jesus, weighed in on this issue, in very strong terms. He commanded us " to love one another". There are many who think, that Jesus's teachings, are for the purpose of, 'getting a good seat in the afterlife'. However I have come to see that his teachings, pave the way for a happier daily life, and also leads to have success, and other good things in this life. At this point enemies of the US now understand that planting negative energy in the US public dialogue, is more efficient than sending bombers. Unfortunately, there are also Americans, who benefit greatly from this, as well. There are super wealthy persons, and major corporate interests, who understand that the government is the major force to hold them accountable for their actions. And the do pay substantial taxes, in many cases. So it is in their interest to fund attacks on government, and to vilify democrats, who understand, that consumer demand is the major driver of the economy. Therefore working to benefit the most people, helps everyone. So Jesus speaking about, helping "the least of them", is an avenue for American prosperity. However 'fundamentalist christian movement', is centered more around the worship, and 'letter of the law' aspects of christianity. That is, finding something that you don't like, or don't understand, and finding a Bible passage that condemns it. However Jesus himself came into a society that had lots of specific rules. His message was that sometimes, the letter of laws, can lose the spirit of the law. Thus he said that Love, is what fulfills the spirit of 'God's laws'.Quote:
Originally Posted by Stavros
Actually the woman's conduct, who is quoted here, can be better understood, if one understands the concept of Satan, or the devil. Most people think of some specific looking creature, for that concept. Those are merely personifications, of the human ability to choose destruction over creation, or over positive creativity. This force resides within us all, as the choice to choose destructive paths. So I can say, "the devil made her say that", and that is the truth. However stating that, that simply, belies a complex chain of events. And at this stage of the game, we need better understanding. God can also be destructive. But his destruction here on earth is seen as largely, what man has chosen to put in the laws of the universe, (part of God). God is Love, and God is Law, God is Truth, etc. But I say that belief in God, is an overrated quality. It is really about understanding the principles 'he' stands for.