The FED has lost it
- Thread starter Crazyhole
- Start date
Pretty sure Biden(or whoever is in charge) is pushing for a corporate tax increase, so that won’t help the price of goods and such.
It’s obviously intentional. Debt is out of control for so many industries and corporations and it has created a bubble(something like 10.5 trillion) That’s not good for investors or corporations. Devaluing the dollar will obviously help them payoff debt. It will hurt average Americans in the short term, but nobody cares about that...
Unless, of course, he wants that because his family gets paid a bonus for it. I mean, he did manage to get elected after everyone in the world found out China has bought and paid for his family.
When this GME short squeeze happens, we might have the catalyst, and they will blame everything on Redditors instead of the assholes who really caused it.
It's truly amazing. I now have to retract my prediction of an upcoming deflationary period. Dow 50,000 by the end of the year!
Remember when they said the shorts covered? lol
I know anything can happen, but based on normal market analysis, I'm gonna be rich soon.
You're still not paying attention, dumbass. None of that matters when the stock is shorted 300%. The company is irrelevant.
Lol if you really think that's the actual number. They've been pulling all types of shit to hide the real numbers and try and make people think they're out.
Why is XRT the most heavily shorted ETF at over 100% and why is GME overwhelmingly their largest holding at 12% when every other holding is below 2%? You know, since fundamentals matter and all.
Why is XRT the most heavily shorted ETF at over 100% and why is GME overwhelmingly their largest holding at 12% when every other holding is below 2%? You know, since fundamentals matter and all.
If you know dollars are going to go down in value just don't own dollars. What's hard about that?
That isn't the real short float. The shorters have done nothing since 2020 but kick the can down the road. In the congressional hearing yesterday, somebody finally acknowledged the rehypothecation of shares: they are borrowing shares, to cover their borrowed shares, over and over again.
Also, institutional held shares are over 130%. This thing is a powder keg of fraud and corruption, and will pop soon: Citadel will likely go bankrupt, and they will all be arrested.
Who am I fooling, they are going to blame Reddit nerds, nobody goes to jail, taxpayers will bail them out again, and normal everyday people will be the bagholders. Hmmmm... have I seen this before?
(I watched The Big Short again yesterday for some added mojo. This is the same story, in reverse)
2 days ago, Citadel put up $600M in BBB- bond sales for them to earn some capital. BBB-... junk bonds.
The squeeze isn't even close to being over yet.
When it is over, of course Gamestop will resort back to fundamentals. But we are nowhere near the stage where Gamestop's fundamentals matter. Well, that is wrong, too. Q4 earnings are Tuesday, new CEO should be announced soon, too. Either of those two catalysts, or any number of other catalysts, could trigger this thing.
Bottom line, we still aren't close to being done, and little ole' Gamestop could end up being the beginning of the balloon pop @Crazyhole and I have been expecting for several years now.
Just imagine if somebody decided to do the same thing that Soros did to Britain back in the 90s. All it takes is one bad actor or an unexpected event. I thought the collapse would be a natural correction but now it's pretty obvious the FED is just gonna keep pumping to avoid it.
I thought about this, but it seems to dangerous a move for anyone to make. I stand by my assertion that this is an act to lessen debt. Although, it could also increase exports and weaken China’s position. There is actually a decent argument for inflation right now.
Inflation isn't inherently bad, but you need Inflation to start with wage growth, not an increase in the cost of living.
Yeah it is not necessarily good for regular folks like you and me, but the “business of America is business.” That’s actually a popular misquote of Coolidge, but it has also become truth so....
Not even 0% interest rates could stop the coming collapse if what some people believe is actually true. Over 600% short interest in GME, from Melvin Capital, to Blackrock, to Citadel, to the DTCC (whom is already changing their rules to TRY to protect their own asses) and then the government bailout that is sure to follow. Let's not forget the SEC has been warned for years about this, and once again turn their blind eye until they notice normal people are making money and not the big wigs.
Interesting that you mentioned 0% interest rates. I was just having a conversation with someone about how if we got to 0% or negative, why should counterfeiting dollars be illegal?
Sorry if that's changing the subject but I thought it was an interesting proposition.
Lol. Yes, but it needs to happen at the lower end of the spectrum. We did see that for a few quarters over the last 6 years but not enough to outpace the cost of living.
Oh, I agree.
The growth being mostly at the higher end is why we haven't seen any major inflation yet.
Bingo!!! Which is why Europeans make fun of us Americans.
They know it takes massive, middle class taxes and regressive Value Add Tax (VAT) on everyone. They also have lower corporate tax rates, especially total corporate taxation, because they know they won't have any serious amount of private sector if they raise corporate taxes to the point the US has.
I mean, historically, ours are worse than Japan (#2 in the world, until Trump, now they are #1 again). That's why domestic businesses are only people who believe in America, and not because it's fiscally advantages -- hence usually just small businesses, who also don't have lawyers to fight off the taxman.
Tell me if you disagree with this:
We need to return to the original keynesian model of fiscal stimulus as opposed to monetary manipulation, and the kennedy-eisenhower approach to immigration.
Obviously there are some variables there, but it seems like the most responsible approach.
I don't even believe that stimulus is the issue nor necessary. The money is in our economy. It is here. A metric shit ton of it is here. It is just in the wrong place.
You're making the grave mistake of being objective and sound in logic ... inside Da'Cooler.
This is why I live in Alabama and make less. It costs a lot less to own and pay taxes on property here, so I don't need to make as much money.
This was already clarified before the election even. Married filing jointly $400k. That’s a decent household income to qualify for entry in the higher tax club. The article even says it “could” raise taxes for someone making 200k if their spouse makes the same amount. So a 400k household income. Which is what we already knew.
Yeah, what's Biden thinking? Just because a middle-class, two-income family makes $400,000K doesn't mean they're 'wealthy.'
Just because they're somewhere between the top 1 and top 2 percent of all American taxpayers doesn't mean they should be unfairly picked on, right guys?
Those commies should tax all those working stiffs in the bottom 50% of wage earners in the country. We should be able to squeeze a whole bunch of money out of those families with incomes below 34K.
Just because they're somewhere between the top 1 and top 2 percent of all American taxpayers doesn't mean they should be unfairly picked on, right guys?
Those commies should tax all those working stiffs in the bottom 50% of wage earners in the country. We should be able to squeeze a whole bunch of money out of those families with incomes below 34K.
Decent effort trying to spin this but the facts simply don't support your claim.
Last week Biden said this during an interview: "Anybody making more than $400,000 will see a small to a significant tax increase,” Biden said during an interview on ABC’s “Good Morning America.” “You make less than $400,000, you won’t see one single penny in additional federal tax.”
And the obligatory clarification from Psaki: “The president remains committed to his pledge from the campaign that nobody making under $400,000 a year will have their taxes increased,” White House Press Secretary Jen Psaki said Tuesday. “His priority and focus has always been on people paying their fair share, and also focusing on corporations that may not be paying their fair share, either.”
Biden vows to raise taxes on anyone earning more than $400,000
President Biden acknowledges he's unlikely to get support from Republican lawmakers for any type of tax hike but said he would get Democratic votes.
www.latimes.com
Yeah, two married wage-earners making a combined 400K or more shouldn't be 'penalized' for being in the top 2% of taxpayers.
I can't help but SMH. People who should be incredibly grateful they are so blessed are instead whining about how unfairly they're being treated.
I can't help but SMH. People who should be incredibly grateful they are so blessed are instead whining about how unfairly they're being treated.
I mean it’s a rehash of a valid concern with phrasing of the promise but from a tax perspective the IRS doesn’t differentiate an individual income from another individual income or in case of some accounts a joint income for tax returns that are filed jointly. So I understand when he said if “you” make $400k and you took that as you being a distinct individual from your spouse for tax reporting purposes rather than the “you” in question being a household income. But anyone who is familiar with tax filings understands how it works. Call it the marriage penalty. I guess all the households making between 400k and 800k per year may feel like they got duped into voting for Biden because their taxes “may” increase. I’ll play the smallest violin for them.Decent effort trying to spin this but the facts simply don't support your claim.
Last week Biden said this during an interview: "Anybody making more than $400,000 will see a small to a significant tax increase,” Biden said during an interview on ABC’s “Good Morning America.” “You make less than $400,000, you won’t see one single penny in additional federal tax.”
And the obligatory clarification from Psaki: “The president remains committed to his pledge from the campaign that nobody making under $400,000 a year will have their taxes increased,” White House Press Secretary Jen Psaki said Tuesday. “His priority and focus has always been on people paying their fair share, and also focusing on corporations that may not be paying their fair share, either.”
Biden vows to raise taxes on anyone earning more than $400,000
President Biden acknowledges he's unlikely to get support from Republican lawmakers for any type of tax hike but said he would get Democratic votes.
If you're only raising taxes on 2% of the population, you're probably not going to make a dent in the budget. Need to get down to the 50,000 income bracket to really have a large enough pool of income to increase tax revenue to the point where it makes a difference.
I mean if he says “you” will get a $2000 tax credit per child are we to assume that the household gets $4000 per child? I never looked at it this way but I guess there could be confusion. Maybe it stems from the stimulus payment being for individuals, but in general all income on a tax filing is considered the same “entity” even if multiple earners are on it. But at least now (and even before the election) it has been cleared up with regards to the $400k income threshold so there shouldn’t really be any more confusion at this point.
