Sorry for the delay, the Tuesday title was lame, so I go back to the original.
1. TDS - Trump Derangement Syndrome - Really there are 2 types of TDS, there is the super left TDS and there is the super right where everything Trump says is right. Both have major issues and I have noticed a common theme. Decisions and discussions where emotion is heavily involved on a governing politics basis are effing terrible and end badly. For example, people who are racist make bad business decisions. If I want to screw over people who are black or hispanic or muslim, I am eliminating 13.5 or 18% of the US market (Black/hispanic) or about 20% of the global market (Islam). It's just dumb both on the sell side and on the labor supply side. The racist decision is based on emotion. I have parents and inlaws. My parents support Donald Trump. My mother hates him, but she hates the democrats more. My father thinks everyone in DC is crooked. My inlaws are very much in the liberal world and everything that is bad is DJT's fault, and he's racist, and he is division, etc. Both my parents and my inlaws when angry say some of the dumbest effing stuff. I know they don't mean it, but it is anger that makes them say effed up stuff. We need to stop saying "i feel" on these issues as a point of governing. I think it is ok for someone to say, I feel like the police are out to get me because of my skin color. That's fine. But lets look at emotion versus thinking. Emotion says, just completely defund the police. Thinking would be, OK, what are the problems here. 1. They are brutalizing black people. The number 1 best thing we did was expand the use of body cameras. Now we have more data and evidence. The body cameras should reduce police brutality because police know they are being watched. 2. Police Unions are too strong and protect bad cops like officer in Minn. I agree, so instead of defund, we need to reduce union control. Camden NJ did this to some extent essentially. 3. Decentralize the lower level cops. It is better in my opinion when the cop working your neighborhood is someone from your neighborhood. He goes to events, parties, bbqs, etc. He also has a personal vested interest in making the neighborhood better. The detectives could be more centralized for efficiency. OK, those are some things we can agree on and thinking through the problem is better than emotional hot takes. So remember when you argue a policy issue, are you doing it from anger or thought. As for TDS, the problem is that both these sides seem to always have anger when discussing TRUMP. So they can't reasonably discuss anything about him or his policies.
2. Don't blame capitalism, blame socialism in the US. The US is a very socialist country, thanks FDR. We currently have a public retirement option (socialism), we have a senior health care system, medicare (socialism) and we have social programs for the poor, welfare, medicaid, public assistance housing (Socialism). But most importantly, we have a federally run and controlled fiat currency banking system (socialism). Federally controlled interest rates and the reduction in rates has contributed more than anything to the increase in income inequality.
Starting in 1981, the Fed Funds rate was near 20%. That's insane. BTW, if you could not make money for retirement at that time and you had extra cash, then you failed. It has dropped (with slight ups and downs) to zero percent in 2008/09. Income inequality has almost been an opposite model as the rate went down with a few blips, but the trend has been the wealth consolidation going up and up. Why is that? Well what happens to assets when rates go down and money is injected? Asset prices go up. Like houses, like stocks, like food, like goods, etc. Capitalism can increase efficiencies to offset that, for example, more food production per acre increases food supply to offset asset price increase just like a influx of houses to buy and reduce housing prices, moving production to other countries, but the rates going down increases the asset price. These rates are artificially set. Lower rates encourage taking on more debt to buy the same asset prices. WHo wins? The person who owned the asset price in the beginning. This means if we go back to 1984, white wealthy people. If you want to figure out how institutional racism with economic crisis continues, that right there is the number 1 issue. Lets look at the tax implications. Those who own assets can leverage their now super valuable asset with cheap debt. OR they can sell to the buyer at an inflated value and the seller pays long term capital gains tax rate which is 15-20%. The buyer doesn't get to deduct the principle, but pays a lower interest rate, so this harms the buyer and rewards the seller, harms the poor and rewards the rich. This fed policy of lower rates has been cheered by both GOP and Dems alike. Yellen kept the rates at zero percent forever. At least Powell tried to raise them, but by then, the Fed was painted into a corner because of all of the world denominated debt and the market crashed in late 2018. The only way to solve the world denominated debt is by devaluing the dollar, printing, etc. Which as I have outlined above, helps the rich, hurts the poor. Now the dem policy side is that you can fix this with taxation strategies by taking money from the super rich and giving to the poor. But the super rich don't have to sell their stock unless they need the money, they can leverage it, OR, they can offshore it. OR they can move to Puerto Rico (ACT 20, 21, and 60) OR they can denounce citizenship. What you will end up doing is losing the rich, rewarding China, Russia, Saudi Arabia (asset sellers/exporters) and screwing over your middle class. So that's not a real option either. The end result is going to be populism by the left (I know, hypocritical, right?) by seizing US exports to be used here at lower set prices. In other words, farmers will be restricted on exports. If I am right and the Fed does what I say it will do, your prices will skyrocket. There has been so much supply destruction in oil. $4 Gas will come back soon and go higher. Energy will be more expensive, steel, more expensive, medical equipment we get from china, more expensive. Asset prices, more expensive. The youngest generation seems to be more in love with Marxism to solve this. Guaranteed health care, housing, jobs, UBI, the FDR bill of rights.
3. POTUS 2020, Trump is getting crushed right now. I won't make a prediction until I see the next stimulus package. In the end, it doesn't matter who wins, they have to devalue the dollar.
1. TDS - Trump Derangement Syndrome - Really there are 2 types of TDS, there is the super left TDS and there is the super right where everything Trump says is right. Both have major issues and I have noticed a common theme. Decisions and discussions where emotion is heavily involved on a governing politics basis are effing terrible and end badly. For example, people who are racist make bad business decisions. If I want to screw over people who are black or hispanic or muslim, I am eliminating 13.5 or 18% of the US market (Black/hispanic) or about 20% of the global market (Islam). It's just dumb both on the sell side and on the labor supply side. The racist decision is based on emotion. I have parents and inlaws. My parents support Donald Trump. My mother hates him, but she hates the democrats more. My father thinks everyone in DC is crooked. My inlaws are very much in the liberal world and everything that is bad is DJT's fault, and he's racist, and he is division, etc. Both my parents and my inlaws when angry say some of the dumbest effing stuff. I know they don't mean it, but it is anger that makes them say effed up stuff. We need to stop saying "i feel" on these issues as a point of governing. I think it is ok for someone to say, I feel like the police are out to get me because of my skin color. That's fine. But lets look at emotion versus thinking. Emotion says, just completely defund the police. Thinking would be, OK, what are the problems here. 1. They are brutalizing black people. The number 1 best thing we did was expand the use of body cameras. Now we have more data and evidence. The body cameras should reduce police brutality because police know they are being watched. 2. Police Unions are too strong and protect bad cops like officer in Minn. I agree, so instead of defund, we need to reduce union control. Camden NJ did this to some extent essentially. 3. Decentralize the lower level cops. It is better in my opinion when the cop working your neighborhood is someone from your neighborhood. He goes to events, parties, bbqs, etc. He also has a personal vested interest in making the neighborhood better. The detectives could be more centralized for efficiency. OK, those are some things we can agree on and thinking through the problem is better than emotional hot takes. So remember when you argue a policy issue, are you doing it from anger or thought. As for TDS, the problem is that both these sides seem to always have anger when discussing TRUMP. So they can't reasonably discuss anything about him or his policies.
2. Don't blame capitalism, blame socialism in the US. The US is a very socialist country, thanks FDR. We currently have a public retirement option (socialism), we have a senior health care system, medicare (socialism) and we have social programs for the poor, welfare, medicaid, public assistance housing (Socialism). But most importantly, we have a federally run and controlled fiat currency banking system (socialism). Federally controlled interest rates and the reduction in rates has contributed more than anything to the increase in income inequality.
Starting in 1981, the Fed Funds rate was near 20%. That's insane. BTW, if you could not make money for retirement at that time and you had extra cash, then you failed. It has dropped (with slight ups and downs) to zero percent in 2008/09. Income inequality has almost been an opposite model as the rate went down with a few blips, but the trend has been the wealth consolidation going up and up. Why is that? Well what happens to assets when rates go down and money is injected? Asset prices go up. Like houses, like stocks, like food, like goods, etc. Capitalism can increase efficiencies to offset that, for example, more food production per acre increases food supply to offset asset price increase just like a influx of houses to buy and reduce housing prices, moving production to other countries, but the rates going down increases the asset price. These rates are artificially set. Lower rates encourage taking on more debt to buy the same asset prices. WHo wins? The person who owned the asset price in the beginning. This means if we go back to 1984, white wealthy people. If you want to figure out how institutional racism with economic crisis continues, that right there is the number 1 issue. Lets look at the tax implications. Those who own assets can leverage their now super valuable asset with cheap debt. OR they can sell to the buyer at an inflated value and the seller pays long term capital gains tax rate which is 15-20%. The buyer doesn't get to deduct the principle, but pays a lower interest rate, so this harms the buyer and rewards the seller, harms the poor and rewards the rich. This fed policy of lower rates has been cheered by both GOP and Dems alike. Yellen kept the rates at zero percent forever. At least Powell tried to raise them, but by then, the Fed was painted into a corner because of all of the world denominated debt and the market crashed in late 2018. The only way to solve the world denominated debt is by devaluing the dollar, printing, etc. Which as I have outlined above, helps the rich, hurts the poor. Now the dem policy side is that you can fix this with taxation strategies by taking money from the super rich and giving to the poor. But the super rich don't have to sell their stock unless they need the money, they can leverage it, OR, they can offshore it. OR they can move to Puerto Rico (ACT 20, 21, and 60) OR they can denounce citizenship. What you will end up doing is losing the rich, rewarding China, Russia, Saudi Arabia (asset sellers/exporters) and screwing over your middle class. So that's not a real option either. The end result is going to be populism by the left (I know, hypocritical, right?) by seizing US exports to be used here at lower set prices. In other words, farmers will be restricted on exports. If I am right and the Fed does what I say it will do, your prices will skyrocket. There has been so much supply destruction in oil. $4 Gas will come back soon and go higher. Energy will be more expensive, steel, more expensive, medical equipment we get from china, more expensive. Asset prices, more expensive. The youngest generation seems to be more in love with Marxism to solve this. Guaranteed health care, housing, jobs, UBI, the FDR bill of rights.
3. POTUS 2020, Trump is getting crushed right now. I won't make a prediction until I see the next stimulus package. In the end, it doesn't matter who wins, they have to devalue the dollar.
