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116
Patrick
2023 Sep 29, 1:52pm
Patrick
2023 Sep 29, 1:52pm
https://notthebee.com/article/costco-is-rapidly-selling-out-of-gold-bars-in-other-news-costco-apparently-now-sells-gold-bars
Costco is rapidly selling out of gold bars. In other news, Costco apparently sells gold bars.
117
AD
2023 Sep 29, 3:36pm
AD
2023 Sep 29, 3:36pm
Patrick says
look at zero interest rate policy (ZIRP) and quantitative easing from 2009 to 2016 with total debt to GDP ratio rising from about 60% in early 2009 to 105% by Obama admin's final year (it was 107% in February 2020)
and yet supposedly inflation was no more than 2% a year according to government reported statistics
granted housing crashed and the stock market dropped about 55% so it was going to take more than a 3 years to recover
.
look at zero interest rate policy (ZIRP) and quantitative easing from 2009 to 2016 with total debt to GDP ratio rising from about 60% in early 2009 to 105% by Obama admin's final year (it was 107% in February 2020)
and yet supposedly inflation was no more than 2% a year according to government reported statistics
granted housing crashed and the stock market dropped about 55% so it was going to take more than a 3 years to recover
.
122
Al_Sharpton_for_President
2023 Nov 1, 12:26pm
Al_Sharpton_for_President
2023 Nov 1, 12:26pm
Patrick says
Can you return it if the price goes down?
Costco is rapidly selling out of gold bars. In other news, Costco apparently sells gold bars.
Can you return it if the price goes down?
123
Patrick
2023 Nov 1, 7:38pm
Patrick
2023 Nov 1, 7:38pm
https://vigilantfox.substack.com/p/senator-rand-paul-calls-on-us-senate
I suspect that the Fed has been secretly used to fund globalist/leftist causes and companies for a long time now, and this is why they can never allow a real audit.
On Wednesday, November 1, Kentucky Senator Rand Paul urged the U.S. Senate to vote “yes” to an amendment that would require a full audit of the Federal Reserve within one year.
Here is his full statement:
The Federal Reserve effectively controls the economy but without scrutiny. No other institution has so much unchecked power. The Fed demonstrated its unlimited authority during the Pandemic. The Fed printed money, purchased government-backed securities, and doled out massive amounts of money to favored industries. The result added almost $5 trillion to the Fed's balance sheet, the largest in our history.
When Dodd-Frank ordered a limited one-time audit of Fed actions, the Government Accountability Office uncovered that during the financial crisis, the Fed doled out over $16 trillion to domestic and foreign banks. This kind of inflationary bailout should not be kept secret from the public. While the Fed's easy money policies make the rich richer, the side effect is high inflation.
As Milton Friedman famously explained, "Inflation is taxation without legislation." Congress cannot control the Fed's actions, but Fed actions can cost Americans dearly. Just ask any parent who has to feed his or her family during historically-high inflation rates. My amendment would require a full audit of the Fed within one year. It is time for the Federal Reserve to operate in a manner that is transparent and accountable to the taxpayers. I ask for a yes vote.
I suspect that the Fed has been secretly used to fund globalist/leftist causes and companies for a long time now, and this is why they can never allow a real audit.
124
AD
2023 Nov 1, 11:24pm
AD
2023 Nov 1, 11:24pm
The Federal Reserve is constrained as far as not worsening the ability of the Federal Government to sustain debt service. It is about solvency, as far as debt being manageable.
Interest costs represented about 8 percent of total federal outlays in 2022. By 2033, that share will rise to 14 percent and will exceed programs such as defense and Medicaid.
.
.
Interest costs represented about 8 percent of total federal outlays in 2022. By 2033, that share will rise to 14 percent and will exceed programs such as defense and Medicaid.
.
.
125
DOGEWontAmountToShit
2023 Nov 2, 2:13am
DOGEWontAmountToShit
2023 Nov 2, 2:13am
ad says
Doesn't matter what the Fed does if Congress doesn't cut back on spending anyway.
The Federal Reserve is constrained as far as not worsening the ability of the Federal Government to sustain debt service. It is about solvency, as far as debt being manageable.
Interest costs represented about 8 percent of total federal outlays in 2022. By 2033, that share will rise to 14 percent and will exceed programs such as defense and Medicaid.
.
.
Doesn't matter what the Fed does if Congress doesn't cut back on spending anyway.
126
zzyzzx
2023 Nov 2, 5:25am
zzyzzx
2023 Nov 2, 5:25am
PumpingRedheads says
Which we know won't happen.
Doesn't matter what the Fed does if Congress doesn't cut back on spending anyway.
Which we know won't happen.
127
zzyzzx
2023 Nov 2, 5:29am
zzyzzx
2023 Nov 2, 5:29am
Al_Sharpton_for_President says
No. Plus I think this whole Costco selling gold bars only works if you can buy them in a state that does not have a sales tax. People are buying these gold bars, then selling them at coin shops just to get the 2% credit card rewards. At $2000/bar with 2% credit card rewards, if you can sell them for what you paid for them (and you often can) that's $40 a bar. People do it.
Discussion here:
https://slickdeals.net/f/17030035-get-pamped-1oz-gold-bar-costco-2029-pamp-lunar-legends-azure-dragon-in-assay?v=1&src=SiteSearch
Can you return it if the price goes down?
No. Plus I think this whole Costco selling gold bars only works if you can buy them in a state that does not have a sales tax. People are buying these gold bars, then selling them at coin shops just to get the 2% credit card rewards. At $2000/bar with 2% credit card rewards, if you can sell them for what you paid for them (and you often can) that's $40 a bar. People do it.
Discussion here:
https://slickdeals.net/f/17030035-get-pamped-1oz-gold-bar-costco-2029-pamp-lunar-legends-azure-dragon-in-assay?v=1&src=SiteSearch
130
GNL
2023 Nov 7, 10:55pm
GNL
2023 Nov 7, 10:55pm
ad says
Sure about that? Interest on the debt is at LEAST over $500 billion.
The Federal Reserve is constrained as far as not worsening the ability of the Federal Government to sustain debt service. It is about solvency, as far as debt being manageable.
Interest costs represented about 8 percent of total federal outlays in 2022. By 2033, that share will rise to 14 percent and will exceed programs such as defense and Medicaid.
.
.
Sure about that? Interest on the debt is at LEAST over $500 billion.
134
AD
2023 Nov 18, 4:30pm
AD
2023 Nov 18, 4:30pm
Patrick says
yeah, I think annual GDP is around $32 trillion , so that $6 trillion added in money supply 2020-2022 is significant
the federal reserve should just let these bonds and mortgages on their books be paid off for the next few years and not replace them with new purchases of federal government bonds and also mortgages
i hope they don't need quantitative easing again for at least the next 5 years while the fed reduces its balance sheet
.
yeah, I think annual GDP is around $32 trillion , so that $6 trillion added in money supply 2020-2022 is significant
the federal reserve should just let these bonds and mortgages on their books be paid off for the next few years and not replace them with new purchases of federal government bonds and also mortgages
i hope they don't need quantitative easing again for at least the next 5 years while the fed reduces its balance sheet
.
135
AD
2023 Nov 18, 5:02pm
AD
2023 Nov 18, 5:02pm
,
back in January 2023 it was reported out of $8 trillion balance sheet of the Fed, about $2.6 trillion was mortgage backed securities
$2.6 trillion with an average mortgage of about $500,000 means that is 5.2 million homes with individual mortgages
I think there are a total of 144 million housing units (includes apartments) in the USA
https://www.reuters.com/markets/us/fed-needs-mortgage-backed-securities-exit-plan-earlier-than-later-george-says-2023-01-23
,
back in January 2023 it was reported out of $8 trillion balance sheet of the Fed, about $2.6 trillion was mortgage backed securities
$2.6 trillion with an average mortgage of about $500,000 means that is 5.2 million homes with individual mortgages
I think there are a total of 144 million housing units (includes apartments) in the USA
https://www.reuters.com/markets/us/fed-needs-mortgage-backed-securities-exit-plan-earlier-than-later-george-says-2023-01-23
,
137
Patrick
2023 Nov 22, 1:12pm
The Federal Reserve should not exist.
The Federal Reserve continuously prints more paper money, stealing from everyone via inflation.
We should all just use silver by weight with each other, plus promises of silver clearly marked as "ONLY A PROMISE, MAY DEFAULT".
https://patrick.net/post/1378593/2023-02-20-we-should-all-just-use-silver-by
Patrick
2023 Nov 22, 1:12pm
The Federal Reserve should not exist.
The Federal Reserve continuously prints more paper money, stealing from everyone via inflation.
We should all just use silver by weight with each other, plus promises of silver clearly marked as "ONLY A PROMISE, MAY DEFAULT".
https://patrick.net/post/1378593/2023-02-20-we-should-all-just-use-silver-by
140
DOGEWontAmountToShit
2023 Nov 28, 1:13pm
DOGEWontAmountToShit
2023 Nov 28, 1:13pm
Patrick says
Gas taxes have nothing to do with the Fed.
Collapse in US oil drilling has nothing to do with the Fed.
Lack in increasing net oil refining capacity since the 70s has nothing to do with the Fed.
The fucktarded $60/barrel cap price that artificially raise prices on Ukey Nazi Fluffer America and Europe had nothing to do with the Fed.
Gas taxes have nothing to do with the Fed.
Collapse in US oil drilling has nothing to do with the Fed.
Lack in increasing net oil refining capacity since the 70s has nothing to do with the Fed.
The fucktarded $60/barrel cap price that artificially raise prices on Ukey Nazi Fluffer America and Europe had nothing to do with the Fed.
141
AD
2023 Nov 28, 1:21pm
AD
2023 Nov 28, 1:21pm
PumpingRedheads says
true, as one trend to follow is rig count which is now 17% below February 2020 levels
https://ycharts.com/indicators/total_world_rotary_rigs
and down 23% for US rigs
https://ycharts.com/indicators/us_rotary_rigs
,
Collapse in US oil drilling has nothing to do with the Fed.
true, as one trend to follow is rig count which is now 17% below February 2020 levels
https://ycharts.com/indicators/total_world_rotary_rigs
and down 23% for US rigs
https://ycharts.com/indicators/us_rotary_rigs
,
142
fdhfoiehfeoi
2023 Nov 28, 1:55pm
fdhfoiehfeoi
2023 Nov 28, 1:55pm
PumpingRedheads says
Yeah, you might want to look into the history of taxes before exempting central banking from their creation...
Gas taxes have nothing to do with the Fed.
Yeah, you might want to look into the history of taxes before exempting central banking from their creation...
143
DOGEWontAmountToShit
2023 Nov 28, 6:48pm
DOGEWontAmountToShit
2023 Nov 28, 6:48pm
NuttBoxer says
Yeah. One has nothing to do with the other. Period.
Yeah, you might want to look into the history of taxes before exempting central banking from their creation...
Yeah. One has nothing to do with the other. Period.
144
fdhfoiehfeoi
2023 Nov 29, 9:05am
fdhfoiehfeoi
2023 Nov 29, 9:05am
Thanks for sharing your opinion. As I mentioned you might want to research. I don't care what you think, I care what you know.
148
DOGEWontAmountToShit
2023 Nov 30, 11:59am
DOGEWontAmountToShit
2023 Nov 30, 11:59am
NuttBoxer says
No, you don't. I stated fact.
Central Banks have nothing to do with taxation.
FACT.
Governments have taxed money from people long before central banks were even invented and they do so even where central banks don't exist today, like in Bulgaria.
Not to mention central banks don't levy taxes, period.
Thanks for sharing your opinion. As I mentioned you might want to research. I don't care what you think, I care what you know.
No, you don't. I stated fact.
Central Banks have nothing to do with taxation.
FACT.
Governments have taxed money from people long before central banks were even invented and they do so even where central banks don't exist today, like in Bulgaria.
Not to mention central banks don't levy taxes, period.
149
Patrick
2023 Nov 30, 12:19pm
Patrick
2023 Nov 30, 12:19pm
There is a relation though.
We are forced to pay our taxes with the paper issued by our central bank. That's the basis of the dollar's value.
We are forced to pay our taxes with the paper issued by our central bank. That's the basis of the dollar's value.
151
DOGEWontAmountToShit
2023 Nov 30, 12:34pm
DOGEWontAmountToShit
2023 Nov 30, 12:34pm
Patrick says
So?
We once had to pay in gold and silver. That doesn't mean either had to do with why we had taxes.
Do guns kill people or do people kill people?
Central Banks like bullets don't have agency to enact/raise taxes. That is what legislatures do.
We are forced to pay our taxes with the paper issued by our central bank. That's the basis of the dollar's value.
So?
We once had to pay in gold and silver. That doesn't mean either had to do with why we had taxes.
Do guns kill people or do people kill people?
Central Banks like bullets don't have agency to enact/raise taxes. That is what legislatures do.
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It seems that Fed employees know how to get rich betraying the public.