Doom

[Screw_Michigan]

An interview with two ex-fed officials where they are basically talking about being able to distribute what is essentially a Universal Basic Income to people digitally, through a phone app.

https://www.bloomberg.com/news/articles ... s-payments


This will be your reality sooner rather than later, folks.

Remember...


Denial
Anger
Bargaining
Depression
Acceptance


Please help us!!


Okay.
Here's your UBI, quick and easy, on your phone.
No more cash needed.

How nice!





Not IN.

Only in the US is it difficult to get money to people fast in a crisis. First world nations like Germany don't have this problem.

[Softball Bat]

*BOOM* goes the dynamite -----> in Beirut.






At least 78 dead and 4,000 wounded, says Lebanon health ministry.

https://www.theguardian.com/world/live/ ... on-capital



U.S. President says it "looks like a terrible attack"

https://twitter.com/W7VOA/status/1290771711235850242



Hmmmm...







Developing...

[Softball Bat]

You need to see this...







Wowz!

[FiatLux]

This was just retweeted.


https://twitter.com/IDF/status/10453815 ... 2851064834

[Softball Bat]

[Kierland]

If it’s really from storing confiscated NH ₄NO ₃ for 7 years then... what a bunch of idiots.

[Softball Bat]

Was too close to ground zero...













RIP

[FiatLux]

If it’s really from storing confiscated NH ₄NO ₃ for 7 years then... what a bunch of idiots.

I guess you didn't read my post.

This was just retweeted.


https://twitter.com/IDF/status/10453815 ... 2851064834

[Innocent Bystander]

Was too close to ground zero...













RIP

Is that real? Was he live streaming? How'd they get the video? No way that's recovered video.

Because if that was live-streamed --

THAT'S a hell of a video. Good god. They should give the videomaker a posthumous Pulitzer -- nobody is beating that video, or the consequences for taking that video. It shames and beats to hell and back all of the fake staged Pulitzer shots that have been fucking up portfolios for decades.


RIP, indeed. Who is the name of the videographer? Is it real or fake? That's a lot of dead people. That's like watching the vaporization scene in The Day After in real time. Worse than being at ground zero of 9/11 when the Towers fell -- and that was bad.

[Softball Bat]

I assume it was live-streamed.

But I don't know for sure.

[FiatLux]

Played like a fiddle.

[Kierland]

If it’s really from storing confiscated NH ₄NO ₃ for 7 years then... what a bunch of idiots.

I guess you didn't read my post.

This was just retweeted.


https://twitter.com/IDF/status/10453815 ... 2851064834

I read your post, I do not however click your links.

[Innocent Bystander]

My favorite comments from the cantina:

[+] Uruguay

(ID: afwiw7eT) 
08/05/20(Wed)03:53:32 No.271217014

>>271211658 #
>Massive explosion
Building standing
>Building 7 hit by shrapnel
Come down on its footprint

[+] Russia

(ID: ikGSw1t1) 
08/05/20(Wed)05:01:55 No.271222343

>>271211658 #
If not for this silo the city would probably be twice as damaged. Impressive engeneering to widstand such a high yield.

[+] Ireland

 (ID: lmv1V4os) 
08/05/20(Wed)03:12:11 No.271213917

>>271210492 (OP) #
the building is still standing after that explosion, amazing
good thing it wasnt made of metal and filled with paper

[+] United States of America

(ID: 6Mfp697L) 
08/05/20(Wed)02:55:24 No.271212811

My guess is that grain silo saved a lot of lives by diverting the blast.

[+] Australia

(ID: 4SssGBdy) 
08/05/20(Wed)04:44:09 No.271220882

>>271212811 #
Id say that the ocean taking up about 50% of the blast radius had more effect.

[+] Iraq

(ID: tzdZO2Nb) 
08/05/20(Wed)03:36:51 No.271215739

FB_IMG_1596627365167.jpg
70 KB JPG
(the picture above of possible grain after the blast)

>>271215657 #
>>271215570 #
my twitter is banned for terrorism

(ID: tzdZO2Nb) 
08/05/20(Wed)03:38:45 No.271215865
>>271215506 #
>>271215739 #
knowing how corrupt lebanese officials are, it wouldn't surprise me if they tried to collect all these grains again for human use.

[+] Norway

(ID: 0DSxP/aj) 
08/05/20(Wed)03:46:47 No.271216464

>>271211395 #
This area had a lot of poor districts close. I know tranny whores stay not too far so we can hope they perished. But I think the first smaller one caused a lot of people to flee that would normally die in that vicinity.

But I'm sure there will be a lot of eye surgery needed from glass breaking from shockwave on people who were watching. I've only seen a strong shockwave like this 1 time in person from a miklik mineclearing explosive sausage. Felt like a powerful hit on your body even 3 km away

(I don't know why he spelled miclic wrong? European thing?)

[+] Germany

 (ID: BTMZew60) 
08/05/20(Wed)03:13:20 No.271214009

Why is nobody wearing a mask?

[Innocent Bystander]

If it’s really from storing confiscated NH ₄NO ₃ for 7 years then... what a bunch of idiots.

I guess you didn't read my post.

This was just retweeted.


https://twitter.com/IDF/status/10453815 ... 2851064834

I read your post, I do not however click your links.

Half the posts are in Hebrew or Islam. You literate in either? I figure same ol' Hatfields/McCoy sniping.

m2, posting shit from the Israel Defense Force is like posting shit from the CIA. If you wouldn't take the CIA's official word as gospel, why take the IDF's? or do you?

[FiatLux]

Half the posts are in Hebrew or Islam.

Islam isn't a language.

[Innocent Bystander]

Half the posts are in Hebrew or Islam.

Islam isn't a language.

Modern Hebrew is an artificial language.




But you're right. I should have written Arabic. Do you read either, What are they arguing about, back and forth, on that twitter feed?

[FiatLux]

What are they arguing about,

What blew up wasn't what the media and the arabs want you to believe.

It was a missle conversion site for the Iranians(Persians) and Hezbollah(Shia).

They basically blew themselves up. Typical arabs.

[Softball Bat]

For Beirut, this was 9/11.

[FiatLux]

For Beirut, this was 9/11.

Good for them.

You invite trash into your house (Hezbollah)... enjoy the maggots.

[Innocent Bystander]

What are they arguing about,

What blew up wasn't what the media and the arabs want you to believe.

It was a missle conversion site for the Iranians(Persians) and Hezbollah(Shia).

They basically blew themselves up. Typical arabs.

I don't see in those photos proof that it was missile conversion. Proximity to an airport is meaningless. It's also directly on the sea. Weren't there boats nearby when it blew twice?

Why do you trust IDF? Especially now, with the additional explosions elsewhere?

[Innocent Bystander]

For Beirut, this was 9/11.

Good for them.

You invite trash into your house (Hezbollah)... enjoy the maggots.

They didn't do anything.

Real people were incinerated. Poor people were incinerated. Why do you hate them?

[Softball Bat]

As you may (or may not) remember, there was heavy wrangling and debate over the 800+ billion dollar American Recovery and Reinvestment Act of 2009.

Now...


The Treasury Department said Monday that it will borrow $3 trillion during the current quarter to cover the massive cost of
the federal government’s response to the coronavirus crisis...

https://www.forbes.com/sites/sarahhanse ... 73d1a45306


That is more than 3x the 2009 amount IN ONE QUARTER of the year, and they just did it like "Oh well."
No debating, no wrangling.






Look folks, anyone who is trying to sing to you about the wonderful pink unicorn economic recovery is -----> BLATANTLY LYING TO YOU.

The U.S. economy is toast.


Interest rates (near 0%) can never be raised because it will jack up the amount we must pay to service the debt that we have accrued.
The U.S. can also never repay its debts, and this will undoubtedly end up in -----> WAR.

What is it good for?
Absolutely -----> nothing.


States are broke and pensions are totally skrewed.

Tax revenue is skrewed.

Funny money glues things together, and jacks up the stock market, so that charlatans can chirp to you about... recovery, but these con men are completely full of shit.
They have an agenda.


This is fiscal armageddon, friends.
I'm not joking with you.
Open your eyes.

The 2nd half of this year is going to be -----> frightful.


Buckle up.
I'm cereal.

https://edition.cnn.com/2020/08/08/poli ... index.html

So the president can just walk in, sign a few papers, and set up a fiscal paln, without the consent of the people's reps?

How interesting.


Questions:

1. The national debt is over 26 trillion dollars. It will be over 30 trillion before you know it. If the debt does not matter, why not send out say, $20,000 to each adult citizen? I mean, we are in an unprecedented downturn in the economy. The debt is clearly of no concern to the president.

2. The Federal Reserve has already passed out HUGE money to banks, corporations, etc., and have said that banks have UNLIMITED access to money from the Fed. We know the banks are using much of this money to buy stocks, but in theory they are supposed to be using the money to aid the economy. If the Fed can just create unlimited money, why are we paying taxes at all? . It is all a sham. Pay my taxes? Are you high? Just print mine up, tyvm.

3. If the president can just dictate economic policy by signing a paper(s), why do we have a congress? We don't get to be represented?

[Softball Bat]

0:25 - The Democrats have obstructed people from getting desperately needed money.





Fvck off, dude.





Then he runs off like a little girl when he's called out for LYING.

[Softball Bat]

3. If the president can just dictate economic policy by signing a paper(s), why do we have a congress? We don't get to be represented?

Our Constitution doesn’t authorize the president to act as king whenever Congress doesn’t legislate.

- Justin Amash



Yep.

The Dims in Congress were put there by THE PEOPLE, because THE PEOPLE wanted to keep this president in check.

[L45B]

Defund the government.

Stop paying your taxes.

[Screw_Michigan]

Can you imagine how much more fucked our Trump Recession (TM) would be if he had succeeded in weakening Fed independence and stacked its board with Trump cronies?

[FiatLux]

Trumpers gonna Trump.

Sturgis motorcycle rally attendees lounge in bikinis, pack into bars, and mock mask wearers: 'It's like COVID does not exist here'

On Sunday, Pinard said he visited a local bar but left after people there were participating in a "sneeze contest."

"It was to see who can sneeze the furthest out," he said. "People were laughing and applauding. I said what the heck, they think it's fake," Pinard said, referring to COVID-19.

Insider called the bar where Pinard said the contest took place. An employee denied the claim and hung up the phone before answering any more questions.

We may not have College Football till 2023.

Thanks, Trumpers

[Softball Bat]

SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.

The nation’s budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more than double the largest annual deficit on record...

https://apnews.com/b91e66dc273756b3fab87fe89c7cf29c





This is without a doubt...



#economic_doom

[Screw_Michigan]

SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.

The nation’s budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more than double the largest annual deficit on record...

https://apnews.com/b91e66dc273756b3fab87fe89c7cf29c





This is without a doubt...



#economic_doom

This is what is known as traditional conservative fiscal discipline, which is VERY important to clowns like Left Seater. We absolutely CANNOT risk allowing tax and spend, budget busting liberals to take the White House!

[Softball Bat]

A wise household will save money and put aside a "rainy day" fund -- to be used in an emergency time.

A nation should do likewise.


But the U.S., for decades, has not done so.
It has instead, in times of overall peace and prosperity, grossly overspent and lived the high life.

Running up massive deficits and debt in times of tranquility is -----> sub-mor0nic.

The crisis is now here.
"Winter" is here, and nothing is stored up.

Obese America flounders and is flat broke.
Imagine that.


At least the country has its f@t, charlatan clown putting on a show for its entertainment on a daily basis.

Be thankful for small mercies.

[Kierland]

[Bill in Houston]

A wise household will save money and put aside a "rainy day" fund -- to be used in an emergency time.

A nation should do likewise.


But the U.S., for decades, has not done so.
It has instead, in times of overall peace and prosperity, grossly overspent and lived the high life.

Running up massive deficits and debt in times of tranquility is -----> sub-mor0nic.

The crisis is now here.
"Winter" is here, and nothing is stored up.

Obese America flounders and is flat broke.
Imagine that.


At least the country has its f@t, charlatan clown putting on a show for its entertainment on a daily basis.

Be thankful for small mercies.

Quite wrong.

Many individuals, perhaps you included, view debt as an evil. Perhaps a necessary evil at time, but surely in need of elimination at the earliest possibility.

In the macro, this is absolutely wrong. In the macro, debt only becomes re-amortized and promotes growth. Just look at our economy and what we have created. This could not be possible without debt. It is the engine of growth, on the micro and macro level.

Now, if your point is when is too much? I'll grant that there is a limit. We are now testing that limit, as has Japan for... decades. But at today's interest rates??? We'll see.

[Softball Bat]

There were high hopes for a quick resolution to the next stimulus bill when the Senate returned to session from their summer break. By all accounts, leadership in both the Republican-led Senate and Democrat-led House were ready to strike a deal to bring much-needed relief to Americans.

Both sides openly supported another round of stimulus checks, extended unemployment benefits, small business relief, and other measures to support the economy. However, they disagreed about the levels of support needed for each of these measures, and they disagreed on other topics, such as providing extensive financial aid to state and local governments.

President Trump took matters into his own hands last weekend and signed three presidential memorandums and an executive order that would provide a $400 unemployment insurance benefit, a payroll tax holiday, student loan relief, and an eviction moratorium. It is yet to be known exactly how these Presidential memorandums and the executive order will be implemented or how they will impact the negotiations on the next stimulus bill.

Now here where are, several weeks after negotiations resumed, with no deal and both houses of Congress breaking until after Labor Day...

https://www.forbes.com/sites/ryanguina/ ... a6ab8e7804





Except that it won't be a... stimulus.

It will be for friggin' SURVIVAL for a whole lot of people.


"Stimulus" is that happy sounding word that is used to inform Americans that their government is spending gross amounts of happy money it does not have, so that the economy will be jump-started.

Problem is, we are way past the debt saturation point, and folks are in such desperate straits that whatever money they get from the government won't be spent on any "frivolous" or unnecessary things, but will instead be spent just in order to scrape the hell by.

And most Americans will remain in their own personal debt hell -- despite receiving "stimulus" cayesh.

It is not an economic stimulus.


We are fast approaching the point where helicopter money will need to be dropped directly, and quickly, to Americans (Yang's UBI), just so that they do not DIE.

The digital currency is knocking at the door.

Are you going to answer the door?

Welcome ---> IN <--- the cashless system?


Not -----> IN.


War may happen first.
I dunno.

[Kierland]

“This cadre of 643 Forbes-certified billionaires grew their collective wealth by an estimated $685 billion, from mid-March through early-August of this year.”

2k per American, but by all means complaint about BLM and antifa.

[Softball Bat]

Even IF things get up and running again in a reasonably normal way, a good percentage of these unemployed people will NEVER be brought back in to where they have been laid off.

Ain't happening.

Those claims are coming from people who have had their hours reduced by state ordered business closures, you fucking moron.

The official unemployment rate in Wisconsin was 3.5% on 1/31/20.

I'll be glad to revisit this on 7/31/20.

And now the numbers are in for July.

The Wisconsin unemployment rate is 7%.

https://www.bls.gov/eag/eag.wi.htm


Drive by and call me a fucking moron?

Well, this didn't work out very well for you.

:)

[Softball Bat]

Tomorrow is 9/11.

Doom?

[Softball Bat]

According to press reports, Iran may be planning an assassination, or other attack, against the United States in
retaliation for the killing of terrorist leader Soleimani, which was carried out for his planning a future attack,
murdering U.S. Troops, and the death & suffering...

caused over so many years. Any attack by Iran, in any form, against the United States will be met with an attack
on Iran that will be 1,000 times greater in magnitude!

- Donald Dump



:|






#doom

[Softball Bat]

Doom?

[Screw_Michigan]

Didn't DOJ just have one of these a few months ago that ended up being underwhelming?

[Softball Bat]

Goldman Sachs profit nearly
doubles on trading surge



(Reuters) - Goldman Sachs Group Inc (N:GS)
reported a 94% rise in quarterly profit on
Wednesday, driven by a resurgence in deal-
making and continued strength in its trading
and underwriting businesses.

The bank's net earnings applicable to common
shareholders surged to $3.5 billion in the
quarter ended Sept. 30 from $1.8 billion a
year ago. Earnings per share doubled to $9.68
from $4.79 a year earlier.

Analysts had expected a profit of $5.57 per
share, on average, according to the IBES
estimate from Refinitiv. It was not immediately
clear if the figures were comparable.






While the average Joe is being wiped the fvck out.

Dump's Amerika.