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Last year the Fed had to do a bunch of stuff with the repo market and provide capital because the sheer volume of Treasury notes that had to be issued to make up for the funding shortfall due to Trump's tax cuts created a vacuum where banks literally could not afford to buy them and still meet their reserve requirements (cumshittter fact check me please). In simple terms: the USA had to issue so much debt that the monetary system couldn't afford to buy it all. That is just with the corporate tax cuts. In 2019 payroll taxes made up 5.9% of our entire GDP and 35.9 percent of our federal revenue. If we abolish the income tax then there is a good chance that we will abolish the ability to fund our government and take down the international banking order with us. Edit: Epic snipe.
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Aug 7, 2020 21:04
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Smythe posted:what is money, other than a threat of violence or bribe for peace? and who has the most violence? thats right. uncle sam... the death throes of the american empire are going to be terrifying. if the trade war goes hot war with china we are all hosed, americans and the rest of us.
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Aug 7, 2020 21:05
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Father Wendigo posted:InTheMouthOfMadnessEnding.gif
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Aug 7, 2020 21:07
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"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match.
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Aug 7, 2020 21:08
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like ... all student loans ?
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Aug 7, 2020 21:09
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Smythe posted:i cant believe there will be absolutely no stimulus, while corona continues to ravage the country and every single service job is still closed. it is just breathtaking. 
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Aug 7, 2020 21:10
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UnknownTarget posted:If we abolish the income tax then there is a good chance that we will abolish the ability to fund our government and take down the international banking order with us. 
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Aug 7, 2020 21:11
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match. Probably nukes
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Aug 7, 2020 21:12
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match. u fight it in the cyber, op.
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Aug 7, 2020 21:13
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match. The United States picks the battlefield. Probably Japan and the Korean peninsula, with the obvious requirement that North Korea be defeated during an initial operation before staging full on invasion of the mainland.
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Aug 7, 2020 21:13
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match. Why would those with means care? They have doomsday bunkers, private jets, private islands - they're not going to be here, it won't matter.
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Aug 7, 2020 21:13
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punished milkman posted:i feel like i’ve read some iteration of this fantasy post many times over the last 4 years. trump sucks balls, he’s not going to implement ubi or do anything you might consider “good” lmao Yeah, I remember reading early on that Trump was like 'Why don't we just give everyone Medicare?' and the blue boods immediately set him straight He craves the approval of 'wannabe aristocrat' types, so, yeah. It'd be a hail mary up there with, "claim asylum in Russia to avoid prosecution."
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Aug 7, 2020 21:14
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cunning chinese hackers (think skinny men & sexy girls) vs incredibly fat YOSPOS superstars with EPIC gaming keyboards
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Aug 7, 2020 21:14
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UnknownTarget posted:Last year the Fed had to do a bunch of stuff with the repo market and provide capital because the sheer volume of Treasury notes that had to be issued to make up for the funding shortfall due to Trump's tax cuts created a vacuum where banks literally could not afford to buy them and still meet their reserve requirements (cumshittter fact check me please). The federal reserve can literally just go and credit $infinity dollars at will. The only limit to this activity is inflation. Reserve requirements aren't real if they aren't actually enforced and can also be magicked to whatever is necessary. The entire thing can be kept going on nothing as long as you can keep the proles from burning everything down and the dollar doesn't collapse.
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Aug 7, 2020 21:15
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? everyone has crazy missiles nowadays so ships are big dumb targets and your coastlines are thousands of miles apart. anyone in asia/pac dumb enough to sign up with the USA would be dismantled in a couple of weeks and then it'd just be a staring match. idk proxy war in india? sometimes when i post poo poo like i did i'm hoping someone else will either tell me i'm right and here's why or i'm wrong and here's why vOv
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Aug 7, 2020 21:21
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lmao
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Aug 7, 2020 21:23
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https://www.youtube.com/watch?v=BZ9FZ5Z7AII friday afternoon flat fuckers
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Aug 7, 2020 21:24
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whats this
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Aug 7, 2020 21:24
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cramer cracking is probably the best part of this week for me i know that's his whole schtick but i wanna see how far he goes
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Aug 7, 2020 21:25
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mastershakeman posted:whats this america
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Aug 7, 2020 21:25
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Dustcat posted:https://www.youtube.com/watch?v=BZ9FZ5Z7AII
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Aug 7, 2020 21:25
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Father Wendigo posted:Why would those with means care? They have doomsday bunkers, private jets, private islands - they're not going to be here, it won't matter. Those are in New Zealand right next to the most hawkish of US client states Australia. They're not getting off scott-free with idyllic hobbit homes.
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Aug 7, 2020 21:26
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The US transitioning to governing by decree was the obvious and inevitable outcome of the tensions and gridlock in our constitution but it still sucks.
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Aug 7, 2020 21:28
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Sheng-Ji Yang posted:mcconnell is genuinely one of the most talented politicians in american history. at every turn he gets what he wants, despite absolutely 0 popular appeal or charisma.
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Aug 7, 2020 21:30
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Penisaurus Sex posted:The US transitioning to governing by decree was the obvious and inevitable outcome of the tensions and gridlock in our constitution but it still sucks. yeah trump and stephen miller and jared kushner aren't exactly the benevolent philosopher kings you'd want as your autocrat, but you go to civil war with the army you have, not the army you might wish you have
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Aug 7, 2020 21:31
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Penisaurus Sex posted:The US transitioning to governing by decree was the obvious and inevitable outcome of the tensions and gridlock in our constitution but it still sucks. i mean what the gently caress is supposed to happen when every single legislative body across the country, of which theyres like ten loving thousand, just says 'eh we dont know what to do ' and takes vacations either you're just ok with the executive handling everything at every level, or you think that somehow we should just go hold city councilpeople at gunpoint until they resign and give you their keys and voting chair? preposterous its kind of insane that people even think voting is the answer when this disease hit here 12 loving months before a new executive would even be sworn in
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Aug 7, 2020 21:31
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mastershakeman posted:whats this No idea. Felt appropriate to reply with a gif of a burning house. So I just looked one up on /r/cinemagraphs, whose whole thing is neat gifs. And, since the world's poo poo, here's a palette cleanser from ^^^: 
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Aug 7, 2020 21:32
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euphronius posted:dissolve Congress trump time to declare an ice floe to be the new Senate and House chambers and order all to return to the chambers for an emergency session
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Aug 7, 2020 21:33
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Controlled by Russia or not, the gop is way too far gone from any liberal consensus for the old status quo to come back
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Aug 7, 2020 21:39
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https://twitter.com/Reuters/status/1291276878733553665?s=20
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Aug 7, 2020 21:54
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Often Abbreviated posted:"hot" war with china seems silly. where would you even fight it? My immediate thought is Korea/Japan, or Thailand/Burma. Any of the "stan" countries too. The US has troops, and big military bases, all over those spots.
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Aug 7, 2020 21:56
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I hope the hot China war is literally Azur Lane. Because if it is, then Bremerton is real. And if she's real, then she can be my girlfriend.
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Aug 7, 2020 22:01
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The only realistic flashpoint imo is Taiwan and even the chances of that happening are close to zero. China has no interest in an offensive conflict and I doubt Korea or Japan would back any US provocation.
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Aug 7, 2020 22:01
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lol nintendo is down 3.5% on the day, investors are unhappy with their controversial and risky business model of "making good products people actually buy"
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Aug 7, 2020 22:06
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BEAR GRYLLZ posted:lol nintendo is down 3.5% on the day, investors are unhappy with their controversial and risky business model of "making good products people actually buy" Does sell on news typically last the entire trade day for a company?
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Aug 7, 2020 22:09
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If we push China enough for them to enter a "hot" war it will be through cyberattacks on our infrastructure and the foundational systems of our allies. They would beat us before we fired a shot, then go hot with invasion forces after we were too incapacitated to fight back. No one wants a hot war (except the USA), because in the modern world the only things worth invading a country for would get destroyed in the opening salvo. So you'd blow everything up, invade and heyo you got ash for your troubles. I think Trump's line of reasoning is that they're up and coming, we'll beat them down and rob them of their ability to compete with us economically because we have so much more military might. It makes sense that a dying empire would try to destroy its foes with the death dealing infrastructure it's been keeping in it's back pocket. Problem is, Xi probably knows everything I said, so there is nothing for them to win with an offensive war. Trump keeps trying to push them into attacking by being an international dick, but I think that Xi's position, domestically and abroad, is a lot stronger. They can afford to wait it out. If they're pushed far enough then their government has successfully modernized and has an extreme advantage over ours in that department (like, USA vs Brazil), so they can destroy us at home without firing a shot. Yea the USA has the panopticon, but I wonder how many Chinese power plants and railyards are run on dot matrix printers and switchboards?
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Aug 7, 2020 22:14
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Dolphin posted:i travel to a "3rd world" country regularly to visit family (well, i did before covid) and i can say with authority that it's better there by a lot. not as much access to new-fangled cell phones and cars are more expensive but the feeling of personal freedom is WAY higher and most poo poo is a fuckton cheaper and people are nicer Maybe, just like in The Market, the higher the number, the better. Makes you think...
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Aug 7, 2020 22:15
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Oh yeah and Xi is already destroying the USA at directed propoganda towards Americans to disrupt the idea of national unity.
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Aug 7, 2020 22:18
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drat we’re just speeding headlong into the collapse. can’t wait for the year of 4 presidents, the year of 5 presidents, the year of 6 presidents, etc.
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Aug 7, 2020 22:18
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Centrist Committee posted:drat we’re just speeding headlong into the collapse. can’t wait for the year of 4 presidents, the year of 5 presidents, the year of 6 presidents, etc. Broke: State of the Union Woke: Shattered Union
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Aug 7, 2020 22:20
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