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DE-DOLLARIZING: Even liberal THE INTERCEPT agrees and warns of whats coming
DE-DOLLARIZING: Even liberal THE INTERCEPT agrees and warns of whats coming
By Sumela
5 Jul 2023 11:41 am in No Holds Barred Political Forum
6 Jul 2023 10:52 am
LOL! Scared of your own shadow. You should go buy silver bars. I hear they have some great deals on aliexpress.
6 Jul 2023 10:56 am
You should buy a book and catch up...dinosaurSkans » 06 Jul 2023, 10:52 am » wrote: ↑ LOL! Scared of your own shadow. You should go buy silver bars. I hear they have some great deals on aliexpress.
6 Jul 2023 11:11 am
one of the things a lender is supposed to do is make sure that you can afford the loanSkans » 06 Jul 2023, 10:36 am » wrote: ↑ The last thing in the world any Bank wants are a bunch of houses. That is not how they make money. In fact, only a few banks are capable of liquidating houses. Most just aren't set up for this.
I never said it was a good plan. I never recommended this plan. It was a piss poor plan, and Democrats structured it that way.
- It allowed 100%+ LTV's
- Verification of jobs as opposed to actual income thresholds.
- It allowed stacking of 2nd and 3rd mortgages, some of which were government grants.
they didn’t, because … money
you seem to be OK with this, by blaming the poor sole that believed their lies
im surprised that you didnt just recommend killing them
6 Jul 2023 12:16 pm
You nailed it. They actually have a duty by law. But you do know Congress passed lawsMrkelly » 06 Jul 2023, 11:11 am » wrote: ↑ one of the things a lender is supposed to do is make sure that you can afford the loan
they didn’t, because … money
you seem to be OK with this, by blaming the poor sole that believed their lies
im surprised that you didnt just recommend killing them
to encourage lending to poor folk - Skans is right about that.
He just turns it into DEMS giving charity to blacks. Which is retarded.
Wolves and Sheep.
Neocons will always side with the Wolves.
6 Jul 2023 12:25 pm
There are only 2 things a lender is supposed to do: 1) make money and 2) comply with government regulations. If government regulations don't require a lender to make sure an individual can afford a loan, you are expecting too much to believe that it would.Mrkelly » 06 Jul 2023, 11:11 am » wrote: ↑ one of the things a lender is supposed to do is make sure that you can afford the loan
Only partially correct. They didn't make sure that individuals could afford the loans because of 1) money and 2) bad Democrat-Policy, slack-*** regulations. Slack regulations designed to give blacks access to loans that sound financial statistics would otherwise say they shouldn't have access to.they didn’t, because … money
Making money? You bet I am.you seem to be OK with this,
6 Jul 2023 12:28 pm
Grow up, goober, and learn something.
6 Jul 2023 1:17 pm
Apparently, your *** has taken on facial duties.Skans » 06 Jul 2023, 6:59 am » wrote: ↑ 2007-2008 Depression was caused by one thing: Congress passing loose lending laws that allowed banks to make loans without verifying a person's creditworthiness.
You are dealing with an aspect of the problem that would never have snowballed if the banks were held to GAAP standards. So you were full of **** when you pretended that GAAP is practiced assiduously in this country. Our failure to apply those strictures created a world wide depression.
Oh! This guy was a democrat, you **** idiot? George w. bush's american dream act gave *** free downpayments on loans that required no proof of income or credit. BUSH did that. With a repuke house and a repuke senate. You're a jackass. THIS was THE program that burst the bubble:Skans » 06 Jul 2023, 6:59 am » wrote: ↑ This, coupled with ambitious developers, corrupt appraisers and get-rich-quick blue-collar house investors tanked the economy. In other words - all because of a Democrat program (FDR New Deal style) to get blacks out of the projects and into houses they could never afford.
https://www.youtube.com/watch?v=CwPG-7FTkyM
When you complain, your friends roll their eyes and your enemies smile
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
6 Jul 2023 1:19 pm
2007 had nothing to do with GAAP accounting. It had everything to do with allowing banks to make stupid loans to people who couldn't possibly repay them. The Community Reinvestment Act, as revised by the Clinton Administration in the 1990's pressured banks to make risky loans to Blacks. On top of that, Democrat-controlled HUD eased lending regulations geared at bolstering affordable housing (Black housing) goals . This is what Fannie Mae and Freddie Mac were involved in. It was Fannie and Freddie that allowed the secondary marketing of these ridiculously risky loans, spreading this cancer like Chinks spread Covid. This led to a free-for-all in lax (non-existent) underwriting standards for all lending institutions.Cannonpointer » 06 Jul 2023, 1:17 pm » wrote: ↑ Apparently, your *** has taken on facial duties.
You are dealing with an aspect of the problem that would never have snowballed if the banks were held to GAAP standards. So you were full of **** when you pretended that GAAP is practiced assiduously in this country. Our failure to apply those strictures created a world wide depression.
Oh! This guy was a democrat, you **** idiot? George w. bush's american dream act gave *** free downpayments on loans that required no proof of income or credit. BUSH did that. With a repuke house and a repuke senate. You're a jackass.
https://www.youtube.com/watch?v=CwPG-7FTkyM
6 Jul 2023 1:27 pm
Google, "bundling," you retard.Skans » 06 Jul 2023, 1:19 pm » wrote: ↑ 2007 had nothing to do with GAAP accounting. It had everything to do with allowing banks to make stupid loans to people who couldn't possibly repay them.
Get an education before running your cocksucker about economic issues. What broke the banks was not bad mortgages. It was the bundling and rebundling and rebundling of bad mortgages into entire new financial instruments which would not survive in the same ROOM with applied GAAP.
Let me tell you something that - if you learn and apply it - will be forever helpful to you. If you have to lie to carry your argument, it is much, much better to cede your argument, hambone.
When you complain, your friends roll their eyes and your enemies smile
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
6 Jul 2023 1:33 pm
Bundling wasn't at the root of the subprime meltdown. Bad lending practices fostered by bad democrat-policy which attempted to get poor slobs who had no business buying expensive houses at LTV's of over 100% was at the root of the problem.Cannonpointer » 06 Jul 2023, 1:27 pm » wrote: ↑ Google, "bundling," you retard.
Get an education before running your cocksucker about economic issues. What broke the banks was not bad mortgages. It was the bundling and rebundling and rebundling of bad mortgages into entire new financial instruments which would not survive in the same ROOM with applied GAAP.
Let me tell you something that - if you learn and apply it - will be forever helpful to you. If you have to lie to carry your argument, it is much, much better to cede your argument, hambone.
I'm not saying that Bundling wasn't part of the problem, but it certainly was not the front-line root of the problem. It did, however, compound the problem and allowed it to infest other financial markets.
6 Jul 2023 1:45 pm
AGAIN, **** - you can have any OPINION you want. But you cannot have your own facts.Skans » 06 Jul 2023, 1:33 pm » wrote: ↑ Bundling wasn't at the root of the subprime meltdown. Bad lending practices fostered by bad democrat-policy which attempted to get poor slobs who had no business buying expensive houses at LTV's of over 100% was at the root of the problem.
The American Dream Home Ownership Act was a REPUBICAN giveaway from soup to nuts. Repuke house, repuke senate, repuke pResident.
Grow up.
Or, "cause the financial meltdown."Skans » 06 Jul 2023, 1:33 pm » wrote: ↑ I'm not saying that Bundling wasn't part of the problem, but it certainly was not the front-line root of the problem. It did, however, compound the problem and allowed it to infest other financial markets.
Thatnks for that craven, backhanded admission.
When you complain, your friends roll their eyes and your enemies smile
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
6 Jul 2023 4:58 pm
7 Jul 2023 10:50 am
Sumela is a naked goober who has come here from Russia to see how utterly obnoxious he can be.
7 Jul 2023 11:07 am
Xavier_Onassis » 07 Jul 2023, 10:50 am » wrote: ↑ Sumela is a naked goober who has come here from Russia to see how utterly obnoxious he can be.
8 Jul 2023 7:56 am
The Russian Government is apparently confirming that Bticks nations plan to begin using a new gold backed currency.
How will this effect digital styled currency's that do not plan to be any thing but computer game money?
How will this effect digital styled currency's that do not plan to be any thing but computer game money?
8 Jul 2023 8:03 am
BRICS, SCO, OBOR are all making WASH DC shiver in their pink heels.Bob » 08 Jul 2023, 7:56 am » wrote: ↑ The Russian Government is apparently confirming that Bticks nations plan to begin using a new gold backed currency.
How will this effect digital styled currency's that do not plan to be any thing but computer game money?
They cant stop whats coming. And 90% of folks here are clueless.
Pepe Escobar has brilliantly followed these issues for years.
In fact this mornings new Pepe article - long, probably a good 15 minute investment.Escobar: Golden Ruble 3.0 -
The SCO Welcomes A New 'Global Globe'Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance.
Finance, power, integration: The SCO welcomes a new 'Global Globe' (thecradle.co)
8 Jul 2023 8:54 am
Sumela » 08 Jul 2023, 8:03 am » wrote: ↑ BRICS, SCO, OBOR are all making WASH DC shiver in their pink heels.
They cant stop whats coming. And 90% of folks here are clueless.
Pepe Escobar has brilliantly followed these issues for years.
In fact this mornings new Pepe article - long, probably a good 15 minute investment.Escobar: Golden Ruble 3.0 -
The SCO Welcomes A New 'Global Globe'Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance.
Finance, power, integration: The SCO welcomes a new 'Global Globe' (thecradle.co)
Looks like USA can go back to gold-silver and some local manufacturing or continue on with war and end up trying to go back to gold and silver after a conflict with China, Russia and the rest.
8 Jul 2023 8:57 am
MORE War and MORE printing money will continueBob » 08 Jul 2023, 8:54 am » wrote: ↑ Looks like USA can go back to gold-silver and some local manufacturing or continue on with war and end up trying to go back to gold and silver after a conflict with China, Russia and the rest.
to be the way forward. WASH DC is incapable
of reflection and change. Why change when yer SepSHUnALLL??
8 Jul 2023 10:50 am
Kim Dotcom
@KimDotcom 1h
The current value of all Gold that has ever been mined is US$ 12.7 trillion.
US national debt: 300% more
US total debt: 800% more
US unfunded liabilities: 1500% more
----
Russia total debt: 3% of all Gold
Russia has 2x more Gold than debt
Sanctions won’t stop Russia.
@KimDotcom 1h
The current value of all Gold that has ever been mined is US$ 12.7 trillion.
US national debt: 300% more
US total debt: 800% more
US unfunded liabilities: 1500% more
----
Russia total debt: 3% of all Gold
Russia has 2x more Gold than debt
Sanctions won’t stop Russia.
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