[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')Sounds like Killory has some serious problems ahead of her.

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', '
')Sounds like Killory has some serious problems ahead of her.

[Newfie]

Caeinke,

You only scratch the surface.

2016 saw “Not MY president!” Widely adopted by the D’s.
In 2020 Hillary claimed she made a mistake by conceding too early and very publicly advised Biden to NOT concede quickly.

But also the D’s supported the Steele Report.

The FBI under Comey was a non partisan actor, screwing with both Clinton and Trump to support their own power base.

This Presidential election election process is very broken and VERY dangerous. I can easily see where a Biden/Trump will result in a contested election, unless there is an very clear plurality.

And then you could see radicals from both sides picking up weapons.

The USA is not in a good position right now.

[Newfie]

Mouse,

Good point. My take is that it is not the Government as it is the political parties. And there is the rub, the parties exist outside the constitution, they are not part of the “government” but external entities which seek to take over the government.

I din’t know that anyone else sees it as I do, and I think that is a problem, we are just so used to having the R and D critters we accept them as normal.

But they have grown beyond their natural usefulness and they now threaten the government.

[theluckycountry]

$this->bbcode_second_pass_quote('Newfie', '
')
The USA is not in a good position right now.

[theluckycountry]

Bank Bailout Facility Usage Hits New Record High As Money-Market Fund Inflows Soared Again Last Week
https://www.zerohedge.com/markets/bank- ... ared-again

Just another article showing the decline in the banking sector and how the FED jumps in to throw a few billion here and a few billion there. But what stands out to me is the balance sheet of this Federal Reserve banking cartel. Up until 2000 it was non-existent, the FED printed money for basic liquidity purposes and the banks managed their own success or failure largely. Since 2008 (GFC) the balance sheet has risen like a space launch.



This is bad because the member banks have no accountability now, they can lose any amount of capital/money and this private banking entity called the FED will step in and buy the useless assets and re-liquefy the bank.

There is a lot of obfuscation as to what the FED actually is and isn't. It's major functions, as stated from the beginning, are to keep inflation and unemployment low. But it has never achieved either of these in a convincing way. When inflation takes off they are always 6 months behind the curve, they come in, raise the rates of bank lending and make the problem worse.

At the end of the day they are a Private (un-audited) financial entity, solely owned by the same banks they pour money into. It's like a closed loop, a perpetual money machine, but at the end of the day money is worthless, it's the things it can buy that count. Land, Mines, cattle, people. The Bank of America came to prominence and grew rich foreclosing on Depression era property so the story goes, I expect that will be the case again. The US consumer will be left hopelessly in debt and the banks, with the aid of the FED, will come in and clean up all the viable assets.

[AdamB]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('AdamB', '
')If you are going to be in charge of a crime family, the lesson might be don't be so damn obvious about it. Throwing in a conviction for sexual assault looks to be just the beginning of determining who is, and who is not, an actual crime family.

[AdamB]

$this->bbcode_second_pass_quote('Newfie', '
')But also the D’s supported the Steele Report.

[evilgenius]

Man, listen to you people talk shit, and conflate economic problems with political ones. If there is going to be a banking crisis, it's not going to happen because one person or another is in the presidency. Whether a banker buys investments that bankrupt their bank is not something the president is looking for. He is in charge of the agency that does, but he isn't going about day to day concerning himself with the burden.

The only thing he can do is change policy. He can enforce guidelines that ask for more frequent audits, or he can have a hands off policy. Each one of you probably has emotional attachments to each sort of approach. You will call each right or wrong accordingly. But those are your emotions speaking. The actual situation should dictate which approach to use, not your fixed emotional state. Anything else is like when an individual syncs up with a group, like when a team all calls out their team name on three.

This was the Fed, intersecting with whatever policy. This, if there is anything to it, is occurring along that cadence. Thingamy Biden isn't going to pop out of some small time bank like Neal Bush popped out of the Savings and Loan crisis, I hope. I don't think Neal Bush was a member of some grand cabal. I mean to point that out by saying that. But, even if a new Biden does pop out, it's just your emotions again. Neal didn't cause the Republicans to self-examine and doubt their entire approach to banking. Neither should a Thingamy Biden cause the Republicans to believe falsely about the Democrats.

Yeah, and when you all get synced up, when your collective insistence that you are all just doing this individually, so you should be left alone becomes too much for the rest of us, what are we supposed to do? You people are the reason why gun control will never work in the US. You believe in too many things that simply aren't true.

The only things that you accept are those that your itching ears are keen to grasp, though, and not those things which might add balance to your lives. Your basic position is one of fear of others. What you don't understand you demonize.

You are not keen to accept anyone who is not enough like you. You mistake their acceptance for your demise. It is sad that you don't believe in yourselves any more than that. But, if you did, you wouldn't drop one idea for the next so easily, for you would be dealing in more than conspiracies. You would find that over time you were able to pick from them, and save the ideas that had something good, or real, to say. Those would be the ones you chose to show the world. Instead, you come with a stick, and, tragically, you don't even know that's what it is, or the power it has to kill.

[ralfy]

Heavy borrowing and spending across decades needed to counter the effects of the Triffin dilemma.

https://seekingalpha.com/article/164163 ... rs-of-debt

[theluckycountry]

Every empire goes into debt eventually. It went on steroids in the US when they closed the gold window and had unrestricted money printing.

https://www.usdebtclock.org/

Savings per Family $9,000
Personal debt per citizen $73,000
Enjoy your retirement.

[theluckycountry]

There’s More Trouble Coming for Regional Banks

$this->bbcode_second_pass_quote('', '.')..Chief Executive Officer Dawn Fitzpatrick said at this week’s Bloomberg Invest conference, adding that additional banks will fail because “there are more problems under the surface.”

One further source of trouble for the industry will be commercial real estate, an area that in recent years smaller and regional banks have become a bigger force in.

Working from home has cut into office values and almost $1.5 trillion of commercial property debt is due for repayment before the end of 2025. Meanwhile, rising interest rates have made many properties less valuable.

“US banks have become much more vulnerable to a decline in commercial real estate prices,” Torsten Slok, chief economist at Apollo Global Management Inc., wrote in an email to clients this week.

The upshot is that 700 US banks now exceed the Federal Deposit Insurance Corp.’s guidance from 2006 on commercial real estate loan concentration, he calculated. Two years ago, it was less than half that number. There were about 4,700 FDIC insured US banks as of the end of March.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Hey Adam. Why not try doing some research and posting up a useful story or two rather than your usual diet of personal crank opinion and slander, some people might even take you off the ignore list if you actually contribute something to the forum.

[theluckycountry]

Fed Banking Bailout Hits $100B, Does This Explain the War on Crypto?

$this->bbcode_second_pass_quote('', '
')9 June 2023 ( One week ago, the figure is higher now )

The U.S. central bank is pumping more money in to bail out the embattled banking system as the crisis continues. This could be one of the factors driving the war on crypto. The Federal Reserve’s new emergency bank loan facility just hit $100 billion in usage. The surge in funding for banks is a clear sign that the U.S. banking crisis is far from over.

The new funding program allows banks to “receive par for their devalued assets in secret,” noted market analyst Joe Consorti. The Bank Term Funding Program (BTFP) was created in March 2023. The aim was to make additional funding available to eligible depository institutions. This would be to help assure banks have the ability to meet the needs of all their depositors, in other words, a banking bailout.

Consorti observed that banks in crisis were using the fund to boost the value of their assets. “Banks are turning 50¢ into $1 without other banks knowing they’re distressed and backing away.” He added that it was a “band-aid for now,” but “hidden risk is spreading.”

Wall Street Journal chief economics correspondent Nick Timiraos observed that Fed lending to banks through the BTFP has edged up to a new high. The funding has increased for the fifth consecutive week, he added.

[careinke]

Ok everyone check this out,

I've been playing with "Google Bard" and find it way better than ChatGPT. Specifically because it free (for now), works with Google Docs and Google Search. It is amazingly easy to use if you have a Gmail account.

Anyway, fooling around I asked Bard to write a pro Bitcoin speech, showing from a permaculture perspective. It wrote it in about 5 seconds. After I read it I noticed it did not mention Chapter 14 in the Permaculture Designers manual which I felt was relevant.

Five seconds latter it wrote a second speech showing the relationship between chapter 14. Then I asked it to combine the speeches into one speech.

Here Is the unedited result:
$this->bbcode_second_pass_quote('', 'I')ntroduction

Good evening, everyone. I'm here today to talk to you about Bitcoin and permaculture. These two seemingly disparate things have a lot more in common than you might think.

Permaculture is a design philosophy that seeks to create sustainable human habitats. It's based on the principles of ecology, working with nature rather than against it. Bitcoin, on the other hand, is a peer-to-peer digital currency that is designed to be secure, decentralized, and scarce.

At first glance, these two things might seem to have nothing in common. But if you look more closely, you'll see that they share some important underlying principles.

Shared Principles

Resilience: Both permaculture and Bitcoin are designed to be resilient. Permaculture systems are designed to withstand shocks and stresses, such as droughts, floods, and pests. Bitcoin is designed to be resistant to attack, both from hackers and from governments.
Efficiency: Permaculture systems are designed to use resources effectively, such as water, energy, and land. Bitcoin is designed to be a very efficient way to store and transfer value.
Openness and accessibility: Permaculture principles are freely available to anyone who wants to use them. Bitcoin is an open-source project, and anyone can participate in its development.
How Bitcoin and Permaculture Can Work Together

These shared principles suggest that Bitcoin and permaculture could work together to create a more sustainable future. Permaculture can help us to create resilient and efficient communities, while Bitcoin can help us to create a more secure and accessible financial system.

For example, Bitcoin could be used to support sustainable businesses and projects. It could also be used to fund organizations that are working to solve social or environmental problems.

In addition, Bitcoin could be used to create a more just and equitable financial system. It could help to reduce the power of central banks and financial institutions. It could also help to make it easier for people in developing countries to access financial services.

Conclusion

I believe that Bitcoin and permaculture have the potential to work together to create a world that is more just, equitable, and sustainable. I hope that you will join me in exploring this potential.

[careinke]

OK now for something completely on topic and very recently released:

The Great Reset and The Rise of Bitcoin | Digital Finance | History of Bitcoin
https://www.youtube.com/watch?v=zESsONLC_6Y

I found it an interesting documentary.

PEACE

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')This thing is amazing, the hard thing to realize is it is WAAAAYYY simpler to use than you think it should be.

Of course I would need to check spelling, grammar, and add footnotes. All of which Google Bard can assist with. Who knows I may even be able to surpass Plant in posts per day.

Thoughts???

PEACE

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'O')K now for something completely on topic and very recently released:

The Great Reset and The Rise of Bitcoin | Digital Finance | History of Bitcoin
https://www.youtube.com/watch?v=zESsONLC_6Y

I found it an interesting documentary.

PEACE

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', 'O')K now for something completely on topic and very recently released:

The Great Reset and The Rise of Bitcoin | Digital Finance | History of Bitcoin
https://www.youtube.com/watch?v=zESsONLC_6Y

I found it an interesting documentary.

PEACE

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')Yes I remember your question, while I was pondering how to respond, I read "a progressive case for bitcoin", and decided I was no longer going to argue with uneducated people unless they took the time to spend the ten hours to read this book: