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The Fed will tighten one last time in December, just to be seen as walking the walk. The central bank?s final turn of the screw will be perceived eventually as the straw that broke the camel?s back, but at least the markets will not have tightening to worry about as they continue to fall. To give Trump his due, he has adroitly set up the Fed as the fall guy for the coming recession ? not that there is ever anyone else to blame for America?s insane boom-and-bust cycles. Historians will debate whether the Fed was too tight, but a much more important question ? i.e., Why do we even need a Fed to continuously inflate our currency?
LIST of the *** 53 *** Dividend Aristocrats from S&P 500 stocks with 25+ years of consecutive dividend increases.
There are better ways to define stupid than a low score on an IQ test. Stupid is the inability to not just predict the
immediate and direct consequences of actions, but especially the indirect and delayed consequences of your actions.
But there?s an even better definition of stupid. Namely, ?an unwitting tendency to self-destruction.
When the economy collapses ? likely in 2019 ? everybody will blame capitalism, because Trump is somehow, incorrectly,
associated with capitalism. The country ? especially the young, the poor, and the non-white ? will look to the government
to do something. They see the government as a cornucopia, and socialism as a kind and gentle answer.
Everyone will be able to drink lattes all day at Starbucks while they play with their iPhones.
The people that will control the government definitely won?t want to be seen as ?do nothings.? Especially while the ship
of state is sinking in The Greater Depression. They?ll want to be seen as forward thinkers and problem solvers.
So we?re going to see much higher taxes, among other things. There?s no other way to pay for these programs, except sell
more debt to the Fed ? which they?ll also do, by necessity.
The government is bankrupt. But like all living things from an amoeba to a person to a corporation, its prime directive is to survive.
The only way a bankrupt government can survive is by higher tax revenue and money printing. Of course, don?t discount a war;
these fools actually believe that would stimulate the economy ? the way only turning lots of cities into smoking ruins can.
I don?t see any way out of this...
RSI tends to fluctuate between 40 and 90 in a bull market (uptrend) with the 40-50 zones acting as support. These ranges may vary depending on RSI parameters, strength of trend and volatility of the underlying security. On the flip side, RSI tends to fluctuate between 10 and 60 in a bear market (downtrend) with the 50-60 zone acting as resistance.
AOC is proposing a 70% marginal tax rate to finance the Green New Deal? Could something like that actually happen?
Doug: Of course, you?ve got to remember that as recently as the Eisenhower administration the top marginal tax rate was 91%.
The average person didn?t pay that because it was a steeply progressive tax rate. Nobody did, frankly, because there were loads
of tax shelters, which no longer exist, including hiding money offshore.
In Sweden during the 1970s, the marginal tax rate, including their wealth tax, was something like 102%.
So, almost anything is possible in today?s world. Of course they?ll raise taxes. It?s time to eat the rich. But, perversely,
many of the rich will deserve it, since many made their money as cronies during the long inflationary boom.
But look at the bright side. Look at this from AOC?s point of view. She doesn?t just get $200,000 a year plus massive benefits.
That?s chicken feed. But lucrative speaking fees, director?s fees, consulting fees, emoluments from the inevitable Ocasio-Cortez
Foundation, multimillion-dollar book deals, and sweetheart investment deals. Not counting undisclosed bribes.
She?ll be worth $100 million in no time, like Clinton and Obama. That?s not even the best part. She?ll be idealized, lionized,
and apotheosized by an adoring public. The media will hang on her every word. That?s pretty rich for a stupid, evil dingbat.
Other young socialist idealists will try ? and succeed ? in replicating her success.
Congress will increasingly be filled with her clones. Frankly, at this point, resistance is futile.
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To Do List: https://www.zerohedge.com/news/2019-02-13/mike-novogratz-bitcoin-will-be-digital-gold-sovereignty-should-cost-lot
Money represents the hours of your life that you spent earning it. That?s the basic principle here. It represents concentrated life ? all the things you want to have and do for yourself, and provide for others in the future. When these people destroy the value of money, they?re destroying part of your life.
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You see, capitalists are great at creating massive wealth, but for the most part they don't have a bloody clue how to include others in their success, constructively. They are predators, not philanthropists. On the flip side, collectivists of all sorts are champions of making sure no one is left behind, but they are horrible at retaining the strength of the economy, let alone growing it.
One system leads to untold riches, but at a cost of a gigantic gap between rich and poor; the other leads to a wealthy government, but an equally poor population.
I don't like either, absolutely and without boundaries and terms, so a middle ground must be considered.
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