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MalibuGuru



Joined: 11 Nov 1993
Posts: 9300

PostPosted: Fri Mar 24, 2023 2:07 pm    Post subject: Reply with quote

vientomas wrote:
I'm curious "Guru"...Exactly how does a US President control the price of a global commodity at $40 a barrel? Your failure to reply will be taken to mean that you have no clue and it is not possible for the President to control the price of oil.


Allow the pipeline to be completed. Drill, drill, drill. Such an easy concept, even you can understand. China is building 2 COAL PLANTS PER WEEK! 2!
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boggsman1



Joined: 24 Jun 2002
Posts: 9120
Location: at a computer

PostPosted: Fri Mar 24, 2023 2:58 pm    Post subject: Reply with quote

Steve...at $40, most of the "drill, drill drill" is unprofitable. Do you think in this high interest rate environment, funding for money losing oil projects is plentiful? This isn't 2018 when Trump would threaten Jay Powell for raising rates ..
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vientomas



Joined: 25 Apr 2000
Posts: 2343

PostPosted: Fri Mar 24, 2023 3:22 pm    Post subject: Reply with quote

MalibuGuru wrote:
vientomas wrote:
I'm curious "Guru"...Exactly how does a US President control the price of a global commodity at $40 a barrel? Your failure to reply will be taken to mean that you have no clue and it is not possible for the President to control the price of oil.


Allow the pipeline to be completed. Drill, drill, drill. Such an easy concept, even you can understand. China is building 2 COAL PLANTS PER WEEK! 2!


Clearly you don't have a clue. Your proposal is to nationalize the oil industry in the US? Last I heard, pipelines and drilling are under private ownership and subject to world economic conditions, and they do not take orders from the President. In case you did not know, oil is a global commodity, the price of which is set at a global level. Oil companies want to make money, not keep the price low. In addition, you think OPEC would not react to US oil flooding the market with cheap oil? Please don't give me the song and dance that the Orange Man would control OPEC.

The topic is the price of oil, not coal. Try to keep up.
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swchandler



Joined: 08 Nov 1993
Posts: 10588

PostPosted: Fri Mar 24, 2023 6:23 pm    Post subject: Reply with quote

Donald Trump seems a bit unnerved by Manhattan District Attorney Alvin Bragg and the Stormy Daniels hush money case right now. The ugly name calling and his latest virtual threats of violence should he be indicted are reflective of his deeply unsettled and crudely reactive mind.

No doubt, the shear number of serious legal cases building up in the months ahead around him are having great effect. Add the growing pressure of trying to win the Republican nomination for president, Trump's world will be an ongoing circus for the world to see.
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wsurfer



Joined: 17 Aug 2000
Posts: 1635

PostPosted: Fri Mar 24, 2023 9:09 pm    Post subject: Reply with quote

When he is not conning, grifting or stealing his whole life about being a victim.

Poor Donald!!!

Lying Loser 45 is running on fumes!
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MalibuGuru



Joined: 11 Nov 1993
Posts: 9300

PostPosted: Sat Mar 25, 2023 10:11 am    Post subject: Reply with quote

Dem Rep. Sherman: FDIC Insurance Used to Backstop SVB Depositors Is ‘Not Free’ and ‘Cost Is Passed on to the Depositor’

That's everyone BTW
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vientomas



Joined: 25 Apr 2000
Posts: 2343

PostPosted: Sat Mar 25, 2023 11:36 am    Post subject: Reply with quote

MalibuGuru wrote:
Dem Rep. Sherman: FDIC Insurance Used to Backstop SVB Depositors Is ‘Not Free’ and ‘Cost Is Passed on to the Depositor’

That's everyone BTW


Wrong again Idiot. Not everybody, just those using the banks for investment purposes. Instead of reading click bait headlines, go to the source.

https://www.breitbart.com/clips/2023/03/25/dem-rep-sherman-fdic-insurance-used-to-backstop-svb-depositors-not-free-and-cost-is-passed-on-to-the-depositor/
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swchandler



Joined: 08 Nov 1993
Posts: 10588

PostPosted: Sat Mar 25, 2023 1:48 pm    Post subject: Reply with quote

I thought that the following analysis from Dan Balz of the Washington Post was excellent. Definitely, a worthy read.



"The weekend has arrived, and Donald Trump, contrary to his predictions, has not been indicted. He has nonetheless used this possibility to make himself the center of attention of both the legal and political worlds, offering a window into his campaign strategy while highlighting the dangers he poses to the stability of the country.

Trump predicted a week ago that he would be indicted by a New York grand jury for his role in the payment of hush money to the adult-film actress Stormy Daniels. The investigation, led by Manhattan District Attorney Alvin Bragg, does appear to be nearing a decision point, with the grand jury scheduled to meet again Monday.


In typical fashion, however, Trump didn’t wait for the grand jury to speak, calling on his followers to stage protests in an echo of what he had tweeted ahead of the Jan. 6, 2021, attack on the U.S. Capitol (“Be there. Will be wild.”). On Friday morning, the former president posted an even more troubling message on Truth Social, calling Bragg “a degenerate psychopath” and warning of “potential death and destruction” if he is indicted in connection with what he termed “a false charge.”

In the past, statements like that were not taken seriously enough. But after his lies about the 2020 election, the storming of the U.S. Capitol and everything else he has done to undermine the integrity of the voting process, that’s no longer possible. No one today discounts the possibility of violence surrounding the former president or instigated by him.

His call for protests prompted law enforcement officials in New York to erect security barriers around the criminal court complex. His declarations on Friday led House Minority Leader Hakeem Jeffries (D-N.Y.) to warn that Trump’s “reckless, reprehensible and irresponsible” rhetoric could “get someone killed.”

For much of the week, commentators chewed over the question of whether an indictment in this case, given the unprecedented nature of a former U.S. president’s being charged with a crime, would help or hurt Trump politically.

Numerous times, Trump has faced serious allegations without paying much of a price in his political standing, especially within his party. He was twice impeached (and twice acquitted). He weathered the investigation by special counsel Robert S. Mueller III into Russia’s interference in the 2016 campaign, an inquiry that some of his adversaries believed would have taken him down.


He’s facing three other legal probes now. One involves the attack on Jan. 6, another his effort to overturn election results in Georgia and the third his possession of classified documents at Mar-a-Lago. All three are weightier than the New York case.

Trump carries plenty of baggage as he tries to return to the Oval Office. He lost the 2020 election to President Biden. His endorsements of flawed candidates in 2022 and his continual lies about the 2020 election contributed to what turned out to be a disappointing midterm election for the Republicans. Many in his party would prefer to move on, and most voters know where they stand on him.

Trying to anticipate his strength or weakness in the fall of 2024 is risky. But viewed in the context of the gathering 2024 Republican nomination contest, the past few days have shown that indictments or threats of them can boost him, at least temporarily. The fact that Trump is leaning in so energetically shows he believes the same thing.

Republican elected officials almost uniformly leaped to his defense, denouncing the Manhattan district attorney, a Democrat, as motivated purely by politics. Some of the attacks on Bragg from Trump’s followers have antisemitic overtones, another outgrowth of Trump’s influence.

House Republicans responded to Trump’s appeals by trying to put Bragg in the dock. House Judiciary Committee Chairman Jim Jordan (R-Ohio) sent a letter asking Bragg for documents and testimony about his investigation, stretching the definition of legitimate congressional oversight.

The district attorney in his response reminded House Republicans of the respective roles of the legislative and judicial branches of government; the risks of interfering with an ongoing criminal investigation; and a federal system that draws lines between the roles and responsibilities of state and local governments vs. the government in Washington, as he invoked New York’s sovereignty to reject the request.

The demand for Bragg’s cooperation underscored Trump’s proactive effort to make himself a victim even before the grand jury decides whether to indict him on criminal charges. It also has the desired rally-round effect, and it further abetted Trump’s desire to make every legal threat — and the New York case is perhaps the least significant in terms of the seriousness of the pending investigations — into a political fight.


Even Trump’s potentially strongest but unannounced rival for the 2024 nomination, Florida Gov. Ron DeSantis, eventually came to his defense. DeSantis denounced Bragg’s actions as politically motivated, although he got in a dig at Trump, saying that he doesn’t know “what goes into paying hush money to a porn star.” While it seemed a clever way of tweaking the former president while attacking the Manhattan district attorney, it was a reminder of how Trump manages to force others to dance to his tune.

Republican strategists see another benefit for Trump in the short run: the equivalent of millions of dollars of free advertising because of all the media attention he is receiving. It also sends the message that Trump remains the dominant force in the Republican Party. In 2016, cable television carried his early rallies live, giving him so much attention that his rivals were smothered, leading to early casualties in that campaign.

The week’s events underscored the kinds of choices that lie ahead for Trump’s rivals, principally DeSantis. The Florida governor had planned to concentrate on his state’s legislative session, after which he would move to a formal announcement of candidacy. That’s still the rough plan, but he has been dragged into playing both defense and offense, perhaps earlier than he anticipated, because of Trump.


On his book tour, DeSantis has looked unsteady at times. He is trying to make this a character test, his discipline against Trump’s erratic behavior, but he has not been disciplined in explaining his position on Ukraine. To defeat Trump, he must show the kind of strength as a candidate that Trump has shown since he started running in 2015. He will have to run against Trump to beat him.

Trump’s first campaign was one like no other, a campaign that defied history and conventions. The 2024 campaign shapes up as another like no other, but this time because he is simultaneously dealing with serious legal issues while waging a fight for his party’s nomination and the possibility of a rematch with Biden in the fall of 2024.


A Republican who supports him said that, under these circumstances, there is only one political strategy for Trump: attack, attack, attack. The former president will continue to try to turn every legal investigation into a political fight, as he has done since he became president. He will play victim and demand that his party defend him against the Democrats, the legal system, the left and the media.

The short-term benefits were on display this past week. But is that enough to convince Republicans that he should carry their banner into the general election in 2024?"



https://www.washingtonpost.com/politics/2023/03/25/trump-2024-gop/
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MikeLaRonde



Joined: 11 Jun 2001
Posts: 768

PostPosted: Sat Mar 25, 2023 4:41 pm    Post subject: Reply with quote

vientomas wrote:
MalibuGuru wrote:
Dem Rep. Sherman: FDIC Insurance Used to Backstop SVB Depositors Is ‘Not Free’ and ‘Cost Is Passed on to the Depositor’

That's everyone BTW


Wrong again Idiot. Not everybody, just those using the banks for investment purposes. Instead of reading click bait headlines, go to the source.

Would the real idiot please sit down? I wonder if you even realize that you're arguing about a trend which started decades ago.

I'm old enough to recall making 5% interest on a regular, plain ol' savings account. Not a CD, no minimum, no strings attached. Back in those days, I, like almost EVERYONE, had a bank account. I don't recall ever making a decision to stop being an "investor".

Gee, I wonder what comes after 0, in a downward trend?

Quote:
If you’re putting — giving your money to the bank on an interest-free basis in a non-interest-bearing account, there’s no way for them to lower the interest rate any lower and so depositors don’t suffer

No way, eh Josey y los pussygatos? If you believe that, then truly I say to you, you are not seeing the big picture.

Without CDBC, how else for TPTB to force us to spend our meager savings? That's right, use it or lose it, maggots! Of course, this only works when cash sales are banned ... which has already begun.


Last edited by MikeLaRonde on Sun Mar 26, 2023 5:27 am; edited 1 time in total
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vientomas



Joined: 25 Apr 2000
Posts: 2343

PostPosted: Sat Mar 25, 2023 10:59 pm    Post subject: Reply with quote

Apparently reading comprehension is a lost art. The operative word in "Guru's" post was "everyone". Not everyone has a bank account. For those that do, not everyone has a savings "("investment") account. Many simply have checking accounts which would not be subject to any fees for FDIC insurance according to the statement made in the link. Therefore, to state the cost of FDIC insurance will be a burden on "everyone" is not correct. Words have meaning.

The bottom line is that tax money is not used to insure the accounts. The funds come from fees assessed by private companies against individuals who decided to do business with said companies. I thought conservatives loved small government, reduced taxes, privatization and a free market. FDIC insurance that is paid for by the people who will benefit from it is a perfect example of those conservative ideals at work. What's the problem?
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