Posted on 06/03/2023 10:45:24 AM PDT by Kaiser8408a
Well, Kevin McCarthy (RINO-CA) and Patrick McHenry (RINO-NC) along with Jim Jordan (RINO-OH) and Marjorie Taylor Greene (RINO-GA) sold out America to Green Joe Biden (the Jolly Green Giant?) and pretty much guaranteed a Biden reelection as President and Democrats winning the House majority at the next election. Way to go McCarthy, McHenry, Jordan an Greene! You sold out America to the Progressive, destructive Left.
With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.
The negative impact could easily dwarf the after-effects of previous standoffs over the debt limit. The Federal Reserve’s program of quantitative tightening has already eroded bank reserves, while money managers have been hoarding cash in anticipation of a recession.
JPMorgan Chase & Co. strategist Nikolaos Panigirtzoglou estimates a flood of Treasuries will compound the effect of QT on stocks and bonds, knocking almost 5% off their combined performance this year. Citigroup Inc. macro strategists offer a similar calculus, showing a median drop of 5.4% in the S&P 500 over two months could follow a liquidity drawdown of such magnitude, and a 37 basis-point jolt for high-yield credit spreads.
The sales, set to begin Monday, will rumble through every asset class as they claim an already shrinking supply of money: JPMorgan estimates a broad measure of liquidity will fall $1.1 trillion from about $25 trillion at the start of 2023.
“This is a very big liquidity drain,” says Panigirtzoglou. “We have rarely seen something like that. It’s only in severe crashes like the Lehman crisis where you see something like that contraction.”
(Excerpt) Read more at confoundedinterest.net ...
The uniparty strikes.....again.
push $$ in one end ... inflation ... pull $$ out the other ..higher interest rates.
The battle of the buck.
Death spiral ... here we come.
Who the heck needs liquidity? I bet most of DC thinks liquidity refers to bottled water or a watering hole.
This is the kind of Republican many here on Free Republic are getting into a fever pitch over.
A compromise equals a win, a loss is simply “politics”.
MAGA Americans need not apply.
At this point, it’s all rearranging deck chairs on The Titanic.
“At this point, it’s all rearranging deck chairs on The Titanic.”
My deck chairs:
ETN
CVX
JPM
etc
Over the years, I’ve come to the conclusion that you can’t trust Republicans or Democrats.
We have to keep pushing for election integrity, while at same time getting ready for the inevitable, which is total collapse, it may not happen in the next couple of years, eventually the USA will not be the dominate world power and start to suffer from its incompetence.
If you are not preparing for the inevitable or “prepping” as many call it, you are naive to what is going to happen at some point.
Easy for YOU to say (that name, I mean: LOL). On another note, as coach Bobby Knight once said: “I think that if rape is inevitable, relax and enjoy it,”...(of course he caught more hell over that than a little bit).
I don't see any way to relax, or to enjoy, the rape we are getting now at the hands of these marxpukes. The only quasi enjoyment I get from it is the perpetual awareness that everything the utopians touch turns to sh1t.
Unfortunately they have also killed this once-great country until it is, as Miracle Max once said, "mostly-dead".
We have to keep pushing for election integrity
If NC wins its SCOTUS case, that could be a good first step. Then it’ll be up to the individual legislatures to do what is needed to be done. Obviously in the Red States, because we know the Blue States will continue to do what they do.
One outlier, though, is Wisconsin. It has an almost veto-proof Republican majority in the state legislature. One part of the legislature is veto-proof, while the other is 2 or 3 seats shy. As one person from Wisconsin responded on this site....If it weren’t for Madison and Milwaukee, Wisconsin would be Wyoming.
Outside of that, it’s up to the voters. Greene should be declared persona non grata in Dawsonville and the rest of her district. If she comes home, she should be treated with absolute disdain and disgust. While she cannot be recalled, a petition for such should already be going around and the people should be asking for her resignation. Someone should already be stepping up to replace her.
But absolutely none of that will happen. I’m betting, somewhere in that bill, buried deep down on some page, is a pet project or something that will bring some pork back to her district and the people will be happy with the scraps of cheese they were thrown. The local chamber of commerce will be giddy with whatever they can get their hands on, while the regular folks get nothing but more money stolen from them. But, HEY, we got a new park.
“We have to keep pushing for election integrity”
Given the recently renewed and enhanced Democratic ability to buy votes, the fight for “election integrity” is pointless. Democrats will be getting a traditionally great source of Republican voters, college graduates, since Democratic federal office candidates were not stopped from offering $10,000/$20,000 bribes to student loan debtors.
Re-register as Democrats.
Vote in your Democratic primary for the number two candidate for president to keep the two top Democratic presidential candidates at each other’s throats and consuming leftist donor cash every day. This will give the Republican candidate for President a better chance to get elected.
For any office other than President, vote in your Democratic primary for:
1. the most reasonable Democratic candidate, if there is no electable Republican opponent
2. the most likely to lose Democratic candidate, if there is an electable Republican opponent
This single fact is, IMO, the most telling description of the state of American virtue.
If the bill was titled The Voter Bribery Funding Act of 2023 it might not have passed.
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