a more upbeat article than some of the previous i’ve read. i’ve been saying for years, that nothing was going to change for the better until we, collectively, could see the bottom. maybe, as an unintended consequence of the bungled pandemic we’re actually seeing this coke to fruition?
there are now, for the first time, glimpses of seeing a positive change due to a collective reconciliation through this process. it’s become apparent that no matter where you sit, to the left or to the right, that we all have the same concerns and want mostly the same things.
maybe, for the first time we can agree that we have a lot more similarities and a lot less differences, and we, united, actually have some power behind our voices in shaping policy that benefits the people.
for every article I read meant to sow discord and division, seeing actual positive changes happening is bringing hope. we need to step up to stop the petty bickering and hold our legislators feet the the fire and start to actually represent us.
either that, or it’s ceding even more control to the actual people making policy and marching towards the promised dystopian future.
how has jeff bezos add $24B to his net worth while tens of millions of americans have completely lost their means?
This is the banker takeover, and that's not like, hyperbole..They already own title to a controlling interest in the houses; now they stand poised to take a similar interest in the corporations. The last nail in the coffin will be the purchase of the equities, which will give the central bankers a direct ownership interest in the lifeblood of American business.
If that happens, who will cast the votes during shareholder resolutions? Jay Powell?
Sick
Learn more about this Disgusting communist/banker takeover here. It's a collection of off limits, buried stories all meshed together into one mega-report
"Congress [should] actually establish a day every month where no outside visitors are allowed, so members can just talk to each other"
Once a week, not just monthly. And we should require them to chart their real interaction rates. It's tricky, but you can't improve teamwork without spending enough time interacting.
If $350 billion only went to 1.5 million small businesses, and there are somewhere between 8 and 30 small businesses in America, how is another $250 billion going to make Congress look like they care about small business, after something like $5.5 trillion is pledged to the comparatively few big dogs? My guess is, that 30% approval rating up from 7% or so has to do more with about 30% of Americans getting a $1200 check from the IRS, and corporate media mostly silent about the Fed and otherwise characterizing the $2.2 trillion bailout as "all about workers". Never mind, my small business, which is just me building and remodeling, didn't get a check from the IRS, can't file for an SBA payroll loan, and filing for unemployment is a morass of WTFYHGTBKM.
I suspect what it boils down to, there are 7.5 billion people in this world, so for our meritocracy, working Americans are mostly expendable....
I think you are confusing healthier politics with deficit spending. It's easy to get things done and avoid fights when you are willing to throw the budget on the window and run up massive deficits.
In normal times when the government tries to restrain deficits somewhat, lobbyists have to fight over the spoils. Now the spending have increased so much everyone gets something. No need to fight when everyone gets cake and puts it on the credit card.
US deficits will hit 20% of GDP this year, interest rates will have to be suppressed by the Fed for decades to come to keep the US government solvent. There is no free lunch, retirees will be paying for the current deficits in the form of insolvent pensions. All those pension funds assuming 7% annual returns to make the math work will end up being grossly underfunded in a world of zero interest rates.
What will be interesting to see is how much the USD will have to depreciate for the US to generate a current account surplus once the USD loses reserve currency status. Once again, the retirees will pay with devalued pensions and retirement savings.
"Big banks that paid billions of dollars in sanctions after the 2008 financial crisis for flaws or omissions in loan applications — in that case, mortgages — assumed paperwork submitted to the SBA would need to meet high standards, or they would risk getting in trouble again. Wells Fargo has been under particular pressure to show that it overhauled its internal controls.
Some big banks spent days trying to get more guidance from the agency about elements of the application process, according to people with knowledge of the talks.
Meanwhile, executives at major banks told their employees to make sure that they had validated financial information from small businesses before submitting packets to the government. Some were floored when the SBA posted a notice on its website Tuesday, CONFIRMING THAT'S NECESSARY BUT saying that “lenders who did not understand that these steps are required” didn’t need to withdraw applications already submitted."
a more upbeat article than some of the previous i’ve read. i’ve been saying for years, that nothing was going to change for the better until we, collectively, could see the bottom. maybe, as an unintended consequence of the bungled pandemic we’re actually seeing this coke to fruition?
there are now, for the first time, glimpses of seeing a positive change due to a collective reconciliation through this process. it’s become apparent that no matter where you sit, to the left or to the right, that we all have the same concerns and want mostly the same things.
maybe, for the first time we can agree that we have a lot more similarities and a lot less differences, and we, united, actually have some power behind our voices in shaping policy that benefits the people.
for every article I read meant to sow discord and division, seeing actual positive changes happening is bringing hope. we need to step up to stop the petty bickering and hold our legislators feet the the fire and start to actually represent us.
either that, or it’s ceding even more control to the actual people making policy and marching towards the promised dystopian future.
how has jeff bezos add $24B to his net worth while tens of millions of americans have completely lost their means?
The lovely fu to indies. Mark Cuban spotted that and called it out. How about you?
This is the banker takeover, and that's not like, hyperbole..They already own title to a controlling interest in the houses; now they stand poised to take a similar interest in the corporations. The last nail in the coffin will be the purchase of the equities, which will give the central bankers a direct ownership interest in the lifeblood of American business.
If that happens, who will cast the votes during shareholder resolutions? Jay Powell?
Sick
Learn more about this Disgusting communist/banker takeover here. It's a collection of off limits, buried stories all meshed together into one mega-report
https://thefinancialoligarchs.com/2020/03/29/our-financial-oligarchy-emperors-of-a-brave-new-world-2/
"Congress [should] actually establish a day every month where no outside visitors are allowed, so members can just talk to each other"
Once a week, not just monthly. And we should require them to chart their real interaction rates. It's tricky, but you can't improve teamwork without spending enough time interacting.
If $350 billion only went to 1.5 million small businesses, and there are somewhere between 8 and 30 small businesses in America, how is another $250 billion going to make Congress look like they care about small business, after something like $5.5 trillion is pledged to the comparatively few big dogs? My guess is, that 30% approval rating up from 7% or so has to do more with about 30% of Americans getting a $1200 check from the IRS, and corporate media mostly silent about the Fed and otherwise characterizing the $2.2 trillion bailout as "all about workers". Never mind, my small business, which is just me building and remodeling, didn't get a check from the IRS, can't file for an SBA payroll loan, and filing for unemployment is a morass of WTFYHGTBKM.
I suspect what it boils down to, there are 7.5 billion people in this world, so for our meritocracy, working Americans are mostly expendable....
What if we EndTheFed as Ron Paul urged, and instead had state, or Postal Bank as Ellen Brown argues?
I think you are confusing healthier politics with deficit spending. It's easy to get things done and avoid fights when you are willing to throw the budget on the window and run up massive deficits.
In normal times when the government tries to restrain deficits somewhat, lobbyists have to fight over the spoils. Now the spending have increased so much everyone gets something. No need to fight when everyone gets cake and puts it on the credit card.
US deficits will hit 20% of GDP this year, interest rates will have to be suppressed by the Fed for decades to come to keep the US government solvent. There is no free lunch, retirees will be paying for the current deficits in the form of insolvent pensions. All those pension funds assuming 7% annual returns to make the math work will end up being grossly underfunded in a world of zero interest rates.
What will be interesting to see is how much the USD will have to depreciate for the US to generate a current account surplus once the USD loses reserve currency status. Once again, the retirees will pay with devalued pensions and retirement savings.
In defense of big banks (all caps mine): https://www.latimes.com/business/story/2020-04-18/small-business-loans-coronavirus-unemployment
"Big banks that paid billions of dollars in sanctions after the 2008 financial crisis for flaws or omissions in loan applications — in that case, mortgages — assumed paperwork submitted to the SBA would need to meet high standards, or they would risk getting in trouble again. Wells Fargo has been under particular pressure to show that it overhauled its internal controls.
Some big banks spent days trying to get more guidance from the agency about elements of the application process, according to people with knowledge of the talks.
Meanwhile, executives at major banks told their employees to make sure that they had validated financial information from small businesses before submitting packets to the government. Some were floored when the SBA posted a notice on its website Tuesday, CONFIRMING THAT'S NECESSARY BUT saying that “lenders who did not understand that these steps are required” didn’t need to withdraw applications already submitted."