Posted on 10/15/2023 9:52:19 AM PDT by Kaiser8408a
Well, the San Francisco 49ers are playing the Cleveland Browns today with the Browns missing injured RB Nick Chubb and QB Deshaun Watson, replacing them with QB Dorian Thompson-Robinson (aka, Do Not Resuscitate or DNR) and RB Jerome “Exploding Pinto” Ford. ESPN gives the Browns a 26% chance of winning. I am amazed it is that high!
But back to economic news!
Gold is soaring due to the instability in the Middle East (Iran/Hamas/Hezbollah attacks on Israel). Let’s see if Israel continues it assault on Gaza or not.
Janet Yellen, Biden’s Treasury apparatchik, was at the IMF/World Bank meetings in Marrakesh (yes, former students are expecting me to like Crosby, Stills and Nash “Marrakesh Express” but I detest CS&N). Instead, here is Them with Here Comes The Night which is more fitting about risks in the global economy.
The Federal Reserve still hasn’t shrunk their massive balance sheet and removed the Covid stimulus. Call it lack of Fed retreat.
And mortgage rates continue to rise, up 174% under Stumblin’ Joe Biden despite The Fed not really shrinking their balance sheet.
The honorary drink for Bidenomics is The Fireballs “Bottle of (Cheap) Wine.” While Biden, Kerry and Obama drink Dom Perignon champagne.
I may be the only person in the US cheering for House Republicans being at an impasse over House Speaker. Why? Congress can’t approve massive spending bills with out a Speaker! Less spending, less inflation! There fixed inflation without The Fed.
(Excerpt) Read more at confoundedinterest.net ...
Gee, I’m only getting a 3.2% increase in Social Security to cover Joe’s insane inflation. Just found out.
Thanks a lot, Joe and friends.
The Medicare part “B”, increase will wipe out any Soc Sec gain.
Interesting (long minibook) link I just read:
This is a great detailed and well documented discussion of how the financial system really works—it is not pretty...
Why would a US government official be speaking to an intra national group? What could possibly be gained by the exchange?a
Thanks for the link, I live to dive into “rabbit holes”. The truth is rarely in the MSM.
How ‘bout them Dawgs?
I am into the book about 40 or so pages. What is truth or exagerration I cannot know. It is likely just the beginning of my deeper dive. I am quite enjoying it, and inclined to take it at face value. What helps with that is, that your link and the thread is being mostly ignored. It is most often the case that the truth has few friends, lies are greeted as trusted family.
Yeah
[It is most often the case that the truth has few friends, lies are greeted as trusted family.]
Excellent quote. I need to figure out a way to properly meme that. I’ll put it in the background of my mind; it will work out a solution at some time period.
I used to solve certain pesky software problems like that. It was like a Mr. Monk moment.... :)
The footnotes and the documents fully support the text.
It is the real deal.
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