$4.9 billion to Americans or $64 billion to Ukraine???Dip$H*T is at it again. And all the suckers that don't understand Econ think this is helping them. Sheep get slaughtered.
Biden administration to forgive additional $4.9 billion in student debt
The latest discharge included 44,000 teachers, nurses, doctors, lawyers, and others in public service jobs.finance.yahoo.com
Dip$H*T is at it again. And all the suckers that don't understand Econ think this is helping them. Sheep get slaughtered.
Biden administration to forgive additional $4.9 billion in student debt
The latest discharge included 44,000 teachers, nurses, doctors, lawyers, and others in public service jobs.
www.heritage.org
people need to learn why they tell you to put your oxygen mask on first before helping others.everything is fine
Paul Tudor Jones says a 'debt bomb' is about to go off in the US
The billionaire investor said the US economy appears strong - but under the surface it is actually on 'steroids' and could run into major problems down the road.www.dailymail.co.uk
Why isn't a default considered a reasonable solution? Just walk away from this unpayable debt.Let the good times roll.....
Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
According to Dimon we're ten years off that outcome, but experts say it won't look great when it gets here.
This last paragraph has always been my main concern.
"If at some moment these folks that have so far been happy to buy government debt from major economies decide that 'You know what, I'm not too sure if this is a good investment anymore, I'm going to ask for a higher interest rate to be persuaded to hold this' then we could have a real accident on our hands," Gomes said.
He added: "The moment the government in any country realizes that it cannot sell $1.7 trillion in [annual] debt anymore, you will have to impose major cuts on some programs. That opens a Pandora's box of social unrest that I don't think anybody wants to think about."
I don't really care about her academic past.Trouble At The Fed: Investigation Into Lisa Cook’s Academic Record Raises Questions
View attachment 633519
Lisa D. Cook is one of the world’s most powerful economists. She taught economics at Harvard University and Michigan State University and served on the Obama administration’s Council of Economic Advisers before being appointed, in 2022, to the Federal Reserve Board of Governors, which controls the interest rates and money supply of the United States.
Despite her pedigree, questions have long persisted about her academic record. Her publication history is remarkably thin for a tenured professor, and her published work largely focuses on race activism rather than on rigorous, quantitative economics. Her nomination to the Fed required Vice President Kamala Harris to cast a tie-breaking vote; by contrast, her predecessor in the seat, Janet Yellen, now Treasury secretary, was confirmed unanimously.
The quality of her scholarship has also received criticism. Her most heralded work, 2014’s “Violence and Economic Activity: Evidence from African American Patents, 1870 to 1940,” examined the number of patents by black inventors in the past, concluding that the number plummeted in 1900 because of lynchings and discrimination. Other researchers soon discovered that the reason for the sudden drop in 1900 was that one of the databases Cook relied on stopped collecting data in that year. The true number of black patents, one subsequent study found, might be as much as 70 times greater than Cook’s figure, effectively debunking the study’s premise.
I think that’s what some are counting on. Manufacturing a crisis to extract money and liberties while imposing more regulation and control. I hate to be a cynic since it runs completely counter to how I used to view and feel about the US, but I don’t trust the politicians or the bureaucracies at all anymore.
