In that case, throw the student loans on the burn pile too, can't be asking the kids to do what we don't have the balls to do.
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In that case, throw the student loans on the burn pile too, can't be asking the kids to do what we don't have the balls to do.Can't be done. Sorry too late, its just math. I don't think it ever really could be done in a debt based system. Unless there is no interest on the debt.
The interest gets spent back into circulation and can therefore be used again to pay further interest.Can't be done. Sorry too late, its just math. I don't think it ever really could be done in a debt based system. Unless there is no interest on the debt.
No one is going to just let the system crash if the means to not have it crash right now, still exists.At this point I'd rather "Crash and burn" here...stick the proverbial gun to the head and start the fight now.
Then that means you gotta be the one to pay it instead of passing it along.That's another thing we got to stop, I'm angry as hell at all the bastards who dumped this shit on me. No dumping it on the next guy...
So you think it's ok for her to lie on her mortgage applications?^
Might be wrong but I think T may be trying to get rid of anyone who won't bow their head to him, replace them with boot licking trash so he can be the one making all decisions. I don't think the just wants to be a dictator, he wants to be a god.
How is it impossible to prove? She signed the docs stating that both homes would be her primary residences, and did both within a short time.Firing Lisa Cook will backfire, basically she is accused of the same financial shenanigans Trump was accused of. About impossible to prove and dubious at best.
EndGame Macro said:The Risk of the U.S. Economy No One Is Talking About
If the Fed cuts rates in September, history suggests it will likely confirm the beginning of an easing cycle that coincides with rising unemployment. Every sustained easing cycle of the past half century has followed, not prevented, economic deterioration. This time, the risks stretch across every layer of the credit system, leaving households, banks, pensions, and governments exposed.
Corporate bonds are the first fault line. High yield still pays north of 7% and investment grade 5–6%, but spreads are near historic lows, leaving little buffer against defaults already climbing above 4%. Companies that borrowed cheaply in the 2010s now face refinancing at double or triple those rates. Lower Fed Funds won’t solve the problem: weaker earnings and a slowing economy will pressure debt service further. Banks and insurers that hold leveraged loans and corporate bonds will face both rising defaults and declining recovery values.
Municipalities look safer on paper, but the cracks are clear. Cities and towns rely on property tax backed bonds to fund schools, roads, and infrastructure. If the Fed is cutting because growth and employment are weakening, property values and tax receipts will follow. Debt service, however, is fixed. That leaves local governments forced to raise taxes on a shrinking base or cut essential services. The burden ultimately falls on taxpayers and public sector workers, while muni bondholders expect to be paid in full.
Pensions sit directly in the middle. Decades of low yields forced them into private equity, real estate, and high yield credit. These illiquid assets can mask valuation declines until a downturn forces recognition. Meanwhile, pensions are structurally cash flow negative: more going out to retirees than coming in from workers. As unemployment rises, contributions shrink further, forcing more asset sales into weak markets. Retirees, municipal governments, and ultimately taxpayers are exposed when funding gaps widen.
At the top of the system lies the federal government. Between now and 2026, $12–14 trillion of debt must be refinanced. Much of it was issued when rates were near 1.5%; it now rolls at 4–5%. Even with Fed cuts, Treasury issuance remains enormous, crowding out demand for risk assets. Interest costs are on track to exceed $1 trillion annually, straining fiscal capacity. Holders of Treasuries like banks, pensions, foreign governments are exposed to both mark to market losses and the risk of crowd out that pressures every other borrower.
Finally, households, the ground floor of the credit system are already flashing red. Serious credit card delinquencies are near financial crisis levels. Auto loan delinquencies, especially in subprime, have surpassed them. Student loan delinquencies are climbing fast since the payment pause ended. And commercial office space delinquencies have already broken through 2008 peaks. The exposure here runs wide: banks that originated the loans, ABS investors holding securitizations, landlords reliant on office income, and pensions that own slices of all of it.
Each of these risks alone would be manageable. What makes this moment different is how tightly interlocked they are. Households under pressure shrink tax bases for cities. Corporate and CRE stress flows straight to bank balance sheets. Pensions are exposed to all of it, just as the Treasury’s refinancing wall towers over the rest. And if history holds, a Fed easing cycle means unemployment will climb, magnifying every one of these pressures.
This isn’t just one sector at risk. It’s the entire credit ecosystem of households, cities, pensions, banks, and the federal government leveraged against itself. And almost no one is talking about it.
...Anyone moving into CD's and / or treasuries before then?
That might not be a good idea with an Airbnb neighbor. Luckily, I still have room in my vault for safe storage. I won’t even charge you my normal fees. In fact, for hosting this lovely forum for us, I’ll even pay for shipping.I moved to physical silver. I'm concerned about strong risk of stock market crash/correction.
Something that bothers me, doesn't Trump have more Felony convictions than any other President in history...Trump cannot fire Fed’s Lisa Cook before FOMC meeting, appeals court rules
A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank’s policy committee votes on whether to lower interest rates.
- A federal appeals court ruled that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank’s policy committee votes on whether to lower interest rates.
- The ruling means that Cook, a member of the Fed’s board of governors, can participate in the pivotal two-day meeting starting Tuesday morning.
The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed’s board of governors, can participate in the pivotal two-day meeting starting Tuesday morning.
More:
Something that bothers me, doesn't Trump have more Felony convictions than any other President in history...
Does it bother you that those charges were all trumped up (pardon the pun) in an attempt to turn his supporters?Something that bothers me, doesn't Trump have more Felony convictions than any other President in history...
I'm not saying he is.Joe, are you saying Trump was a rapist, but the Statute of Limitations was up so it doesn't matter he was a rapist? In any case, being a felon doesn't matter if you're President, it should not matter for lessor jobs.
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