Investing

[Screwball]

The banksters always win. Remember, even when the stock market takes a ****, they make money by shorting it, and make even more money of others doing the same. 

As far as the cap thing goes. Price controls are never a good thing when you go back through history. A guy who was a regular in the investment board 3 boards ago, lived in Detroit, guy named Rhino, posted a really good article about price controls and how that kind of stuff worked throughout history. I have hunted for that article since and can't find it. 

They don't work. Not to get political here, but both sides have advocated for it (I have proof). At the end of the day it's all about feeding the credit/ponzi financial system we are all a prisoner of (maybe not all). I don't know how they can wave a magic wand and cap rates, but if they can and do, the swine bankers also have the option of not giving credit. Some may say it ain't the banks it would be the CC companies, true, but at the end of the day we are talking about credit and balance sheets and it all goes through the banks - especially the 21 (not sure how many now) broker-dealers of Wall Street. Those who run our world.

I guess it all boils down to what you think is good or bad when it comes to the issuance of credit. Interest compounds. Exponents are a bitch.

ON EDIT: building on what Del said; they will just find another way to **** us, and their obedient servants in CONgress will gladly hide that in the next bill and nobody will ever know. 

Edited yesterday at 05:03 AM by Screwball

[oblong]

I have a lot of CC cards but zero CC debt. Just accumulated them over the years and they send me new ones. I have one affiliated with my bank that I keep just in case I have any issues with my debit card and I leave it home for my son to use in case or any emergencies that came up if we were gone for a few days. That way the balance is readily visible if I open my bank app.  The only one I use regularly is my delta Amex. The perk I get is one free flight a year and generous point allowances for purchases.  I pay it off each month and only use it for regular purchases.  Seems like every other year our flights are paid for and for the others I use points to upgrade to comfort plus. and I reached “status” and got an upgrade to business class once.  Don’t fly more than twice a year. Fine. But while the annual fee is below the cost of a typical flight it’s close enough where I have to think about it.  Don’t care about their clubs at the airports.  Not my scene.  Detroits a delta hub and I go with it. 

[Deleterious]

 

[Screwball]

This is too funny. It looks like a mafia Don (no pun intended) leaning on their enemy. Mis-spent money charges if I read this right, about a renovation at the Fed? NO, that never happened in the history of the good old U S of ****ing A (not only the Fed but any .gov project). Too funny, but I digress...

He wants zero interest, so do many others. Easy and free money creates more money - credit is money. Sign the paper - you just created money. The more money you create the bigger the pie. Who controls the pie, who gets it first, and who knows how it works better than (drum roll) the banksters. Then there is the whole paying it back thing, or not... The ponzi must continue - enter Bill Ackman - hedge fund billionaire, and the response from the old Reagan budget director. Michigan guy if I remember right. I always get a kick out of him. Quite a wordsmith, like him or not.

He won't be a nominee for the next Fed chair, and I will bet my entire life savings on that. 🙂