Elections; 2024
POSTED BY: THG
UPDATED: Friday, November 21, 2025 00:12
VIEWED: 206031
PAGE 498 of 514
I haven't heard, is president Musk pushing for Kennedy?
T 
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Have you heard that the Georgia case just fell apart and that Fani Willis might be going to prison herself?
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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Quote:
Originally posted by second:Quote:I should insult you by pointing out that this is another "I'm rubber. You're glue. What you say bounces off me and sticks to you"
Originally posted by 6ixStringJack:
I find it quite funny when you label other people in a cult everyday, yet it is you that consistently exhibits cult-like behavior, such as this, everyday.
No. It's not.
The reasons were well laid out.
You are a cultist.
And your cult is losing members every single day.
Including in the Legacy Media. It's why Ted hasn't posted a Legacy Media article for weeks and has reduced himself to watching nothing but YouTube clickbait bullshit videos. The kind I warned him against watching leading up to the election because they were lying to him.
This is the main problem with the education system in the US. Unless you learned critical thinking skills outside of school, they were beaten out of you by the time you got your diploma.
So without that, Ted's only option is to find anybody who's still telling him what he wants to hear and getting behind them.
Also cult-like behavior.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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The Ghost of Banking Panics Future
Making financial crises great again
https://paulkrugman.substack.com/p/the-ghost-of-banking-panics-future
One benefit of the rise of streaming is that you can get through holiday season watching movies at home other than endless reruns of “It’s a wonderful life.” If you do find yourself viewing the old chestnut, however, you should be aware that it’s an unrealistic fantasy.
I’m not talking about an angel getting its wings every time a bell rings and all that. True, I haven’t seen any evidence for that claim, but then I haven’t seen any evidence against it either.
No, I’m talking about the bank run at the heart of the plot, which could not have happened at the time the movie was set. For the events in “It’s a wonderful life” take place just after World War II, and by then deposits at thrift institutions like Jimmy Stewart’s bank were covered by the Federal Savings and Loan Insurance Corporation, so his customers would not have been worried about losing their life savings. FSLIC itself went bankrupt in the 1980s — more about that later — but depositors’ money was protected from the savings and loan crisis, and it was folded into the Federal Deposit Insurance Corporation, which covers commercial banks.
Now, however, the incoming Trump administration reportedly wants to abolish the FDIC and weaken bank regulation in general. And that could eventually lead to very bad things.
Bank runs were quite common before the creation of FSLIC and the FDIC — audiences when the movie came out in 1946 still had vivid memories of the huge bank runs of the 1930s. And this was far from the first time bank runs had a devastating effect on the real economy.
In particular, we know that Donald Trump has a thing about the 1890s, when men were men, tariffs were high, businesses were free to pollute the air and water, and nobody knew what went on in meatpacking plants. But you can bet your Bitcoin that he’s never heard of the Panic of 1893, a huge wave of contagious bank runs that was catastrophic for industrial production and employment:
Economists actually understand bank runs pretty well. When the 2008 financial crisis struck after generations without such crises (in the United States), monetary economists could be found wandering the halls muttering “Diamond-Dybvig, Diamond-Dybvig,” after a classic 1983 analysis by Douglas Diamond and Philip Dybvig, who pointed out that banks offer their depositors immediate access to their cash while investing most of the money in “illiquid” assets like loans that can’t be quickly sold, or at least only at fire-sale prices. (Diamond and Dybvig eventually won a Nobel Prize for their work.)
Normally the illiquidity of most bank assets isn’t a problem, because on any given day only some of a bank’s customers want cash, while others are making deposits, so it’s OK to hold limited amounts of ready cash.
But if for whatever reason depositors fear that a bank may be about to fail, they will rush to pull out their money — and their fears can turn into a self-fulfilling prophecy, because a bank trying to raise money in a hurry can go bankrupt even if it would have been solvent if it had had time to sell at a more deliberate pace. And since the collapse of one bank can cause fears about other banks, bank runs can be contagious.
Deposit insurance made old-fashioned bank runs a thing of the past; I’ll talk about recent crises in a minute. But from the beginning it was obvious that protection for depositors had to come with strings. Otherwise banks could play heads I win, tails taxpayers lose: attract funds by offering attractive interest rates, then invest in potentially high-yielding ventures that could also easily go bad. Depositors wouldn’t worry, because they were protected; bank owners would get rich if they were lucky, just walk away if they weren’t.
So deposit insurance had to be accompanied by things like capital requirements that forced bank owners to put their own money at risk and restrictions on the kinds of investments they were allowed to
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Quote:
Originally posted by 6ixStringJack:Quote:
Originally posted by second:Quote:I should insult you by pointing out that this is another "I'm rubber. You're glue. What you say bounces off me and sticks to you"
Originally posted by 6ixStringJack:
I find it quite funny when you label other people in a cult everyday, yet it is you that consistently exhibits cult-like behavior, such as this, everyday.
No. It's not.
The reasons were well laid out.
You are a cultist.
And your cult is losing members every single day.
Including in the Legacy Media. It's why Ted hasn't posted a Legacy Media article for weeks and has reduced himself to watching nothing but YouTube clickbait bullshit videos. The kind I warned him against watching leading up to the election because they were lying to him.
This is the main problem with the education system in the US. Unless you learned critical thinking skills outside of school, they were beaten out of you by the time you got your diploma.
So without that, Ted's only option is to find anybody who's still telling him what he wants to hear and getting behind them.
Also cult-like behavior.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
Color me shocked.
Resident dipshit didn't quote reply me with unrelated nonsense.
It's because he knows he's in a cult.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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Why don't you start a Tick Tock to Polio thread, idiot?
Hey Jaynez. Why don't you put Second's prediction that Polio is making a comeback in the predictions thread?
You people are so fucking dumb and easy to lead around.
I'm so glad we don't have to put up with any of you anymore.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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I find it quite amusing that the media and idiots from The Squad are all parroting each other, trying to drive a wedge between Trump and Musk right now.
Pathetic.
I wonder if any of them even realize how transparent they are. None of them are half as clever as they imagine themselves to be.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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Quote:Trump wants to suspend, or even eliminate, the debt ceiling. In contrast, Musk wants to limit spending, meaning NOT raise the debt ceiling. Until either Trump or Musk decides to accept what the other wants, the government will shutdown. Until the ALL Republicans in Congress (I mean every last one of them because otherwise Republicans don't have the votes to pass anything) decide whose opinion about the national debt they are following, Trump or Musk, the government stays shutdown.
Originally posted by 6ixStringJack:
I find it quite amusing that the media and idiots from The Squad are all parroting each other, trying to drive a wedge between Trump and Musk right now.
Pathetic.
I wonder if any of them even realize how transparent they are. None of them are half as clever as they imagine themselves to be.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
“Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling,” Trump posted on his social media platform Truth Social early Friday morning. “Without this, we should never make a deal.”
The debt ceiling is the limit — set in law — of how much new debt the US government can issue. If it is not raised or suspended in time, the country would default on its debt; it is widely believed economic turmoil would then ensue. Republicans have used the threat of a debt default to try to force Democratic presidents into policy concessions, and Trump fears Democrats will try something similar against him in 2025. So he wants the debt ceiling suspended right now — or even abolished entirely.
This was an unexpected turn of events because the initial bipartisan deal just didn’t address the debt ceiling at all: It merely funded the government for three more months, as well as included several other provisions that had won bipartisan backing.
https://www.vox.com/politics/392184/trump-musk-congress-spending-debt-
ceiling
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:Trump wants to suspend, or even eliminate, the debt ceiling. In contrast, Musk wants to limit spending, meaning NOT raise the debt ceiling. Until either Trump or Musk decides to accept what the other wants, the government will shutdown. Until the Republicans in Congress decide whose opinion about the national debt they are following, Trump or Musk, the government stays shutdown.
Originally posted by 6ixStringJack:
I find it quite amusing that the media and idiots from The Squad are all parroting each other, trying to drive a wedge between Trump and Musk right now.
Pathetic.
I wonder if any of them even realize how transparent they are. None of them are half as clever as they imagine themselves to be.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
The government has shut down 10 times since 1980 and neither Trump nor Musk had anything to do with it. Democrats were to blame for the 2018 shutdown.
https://www.history.com/news/us-government-shutdowns-facts
SPOILER ALERT: Nobody cares about 800,000 DEI hires getting furloughed.
Fuck 'em.
Quote:
The debt ceiling is the limit — set in law — of how much new debt the US government can issue. If it is not raised or suspended in time, the country would default on its debt; it is widely believed economic turmoil would then ensue. Republicans have used the threat of a debt default to try to force Democratic presidents into policy concessions, and Trump fears Democrats will try something similar against him in 2025. So he wants the debt ceiling suspended right now — or even abolished entirely.
So as a Democrat you're going to pretend to care about the deficit in 2024?
That's rich.
What the fuck do we even have a debt ceiling for when Democrats always blow the budget and raise it every year anyhow?
$36 Trillion+ debt given to us by Democrats so far? It doesn't appear that the Debt Ceiling is made out of anything other than air.
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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Are you losing your mind yet, Second?
I'm really looking forward to watching your steep mental decline over the next 4 years.
Need any drugs?
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"My only fear of death is coming back to this bitch reincarnated." ~Tupac Shakur
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