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This is, so far as I know, 100% correct. I was under the impression you thought the Federal Reserve was a private for profit bank. It's not. It's very thoroughly a key part of our government's money operation. As your quote says, it is, among many other things, the banker for private sector...

I don't have any problem with that analysis.

I'm wondering. Is it a bit too soon to conclude much of anything about AI? But of course the Markets won't care. AI stocks are going to be the hot stocks.

The Federal Reserve is NOT a private bank. As long as you think this , you will never understand our money. I'll give you an example of how beginning with the wrong premise can produce nonsense down the road. In 1941 a well know urologist named Huggins (he later won a Nobel Prize!) and...

Right! And we all know that the debt clock determines whether we have a debt or not. Just like Trump determined that Mexico would pay for the Wall. How do we know that? Because he said so. Yup, Just like the Debt clock says we have a debt.

Yah, the first sentence is nonsense for sure. I meant something else, if only I could have said what i meant in English!. In a real democracy, which the U.S. only very roughly approximates, it won't matter who is President as far as the markets are concerned. But in Autocratic countries it can...

Will do.

Let's just be patient and enjoy our realized and paper an profits. The market is likely to experience a "correction" sometime after the Fall election if Biden wins, probably sometime in 2025. On the other hand, if shits-in-pants wins, then who knows.

:rolleyes: The Treasury is fully aware. But they are going to go on using the language you're familiar with. Otherwise you might call Yellen a "liar." Start calling our so-called "national debt" "ersatz debt" and see how many raised eyebrows that elicits.

The U.S. doesn't borrow. It is impossible for a nation to borrow in its own currency. See my posts in the economics thread if you want to know what the U.S. is actually doing when it appears to be borrowing by issuing securities.

Naturally I do have a basic understanding of options, and on rare occasion I use them, though I'm no expert. I can't understand destriero posts because they approach 100 jargon, but I still kind of like the guy. I was taught that the goal of writing was to communicate. Destriero and I had...

Due to the severe side effects of the Covid mRNA vaccination, hundreds of millions of Americans are "likely to join Hmmm. Last time I looked there was only ~330 million population in the US.

It's not vaccine killing them it's Poutine.

This sounds like grandstanding by a politician? To my knowledge Vaccine manufacturers have never been immune from legal action if they are negligent and as a result cause harm.

It is not that you are dumb. You aren't! It's that destriero speaks Jibberish, a language in which you are probably not sufficiently fluent. For those who are fluent, I assume he is a fount of useful information. I can't be certain, because I am not fluent in Jibberish either.

You're a smart man (or woman).

Yah, those "pussies" are annoying as hell.

Oddly, wasn't it just the opposite? NATO didn't expand until Putin invaded. Unless you mean the Baltic states and Poland joining NATO caused the invasion --- the excuse often cited. But Ukraine was already in the Russian Orbit when those other States joined NATO. It seems it was Ukraine that...

I have said from the outset of this war that it will be impossible for Russia to win this war for the same reason that the U.S. could not win in Vietnam. This has nothing to do with military force. Nothing has changed my mind in this regard. But of course Ukraine could just give up resisting...

Just another myth like "the three 'co-equal' branches of government myth." To see how the country is really divided check out the popular vote for the past few elections.