The Official Thread Dedicated to "Biden Destroying Us"
- Thread starter Tim Steelersfan
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Interest is simply a reflection of the value of currency. When currency value is stable, interest rates are low. When currency lowers in value (inflation), interest rates rise.
Seriously, you think lenders are going to give out money at 5% when inflation is 5.5%? So the money repaid over time has LESS value than the money loaned? Not going to happen.
If I was considering buying a new house or refinancing one, I would, but I'm not, so I won't.
In the short term, and who knows, maybe the long term as well, things aren't going to get any better than they are right now.
I've seen this before.
In the short term, and who knows, maybe the long term as well, things aren't going to get any better than they are right now.
I've seen this before.
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It depends on the lender's cost of capital.
If banks themselves can borrow at near 0%, like they are currently, they can absorb some inflation-adjusted loss on the capital and still make a sizeable profit on the loan
Besides, it's pretty much impossible to predict where inflation will be in 10, 20 or 30 years. A year or two out is about the best one can do, and there are a lot of variables at play even with that.
It's a big reason why the bond market is much more speculative than many people realize.
Not like this prediction involves any rocket science. As of today, he needs Dr. Jill to lead him around on a leash.
www.foxnews.com
Rep. Ronny Jackson, ex-White House doc, predicts Biden will be forced to resign
Rep. Ronny Jackson, the former White House physician-turned-congressman, says he’s “terrified for our country” in the wake of President Joe Biden’s disastrous town hall this week — and that he doubts whether the commander in chief has the cognitive ability to make it through a full term.
www.foxnews.com
Part of the Democrats plan to destroy America is full steam ahead.
www.foxnews.com
Tom Homan personally ‘disgusted’ with mounting border chaos, warns ICE morale is ‘in the toilet’
Former Acting Director of Immigration and Customs Enforcement Tom Homan told “Life, Liberty and Levin” Sunday that he is “personally disgusted” with the situation on the U.S. southern border amid new reports that authorities are struggling to cope with the backlog of migrants being allowed into...
www.foxnews.com
The lying liar telling lies. These 5 from just one week.
justthenews.com
1. "Crime is down, gun violence and murder rates are up."
"Crime is down, gun violence and murder rates are up," Biden said. "Guns. I'm the only guy that ever got passed legislation when I was a Senator to make sure we eliminated assault weapons."
While other categories of crime such as drug offenses and property crimes may be contributing to an overall decrease in crime rates, deadly violent crime remains far above average. Homicides spiked by roughly 30% nationally in 2020 and climbed 24% more during the first part of 2021, according to New York Magazine.
"A big driver in the rise of crime is gun violence," White House press secretary Jen Pskai recently said. "That's a personal passion of [the president's] for decades."
Yet, major Democrat-run cities which already have some of the strictest gun laws in the country— including New York, Washington and Chicago — have experienced upticks.
2. Doesn't "know anybody, including Larry Summers" who is "worried about inflation"
Amid mounting fears — including within the Biden Administration itself — of rising prices, Biden claimed this week that former Treasury Secretary Larry Summers is not concerned about inflation. However, the Democrat economist who served in the Obama and Clinton administrations has been critical of Biden's economic actions, calling the stimulus bill earlier this year the "least responsible" economic policy in 40 years.
Recent inflation "relates to what in fact, is now needed, because we're growing," Biden told host Don Lemon at CNN's town hall event. "I don't know anybody, including Larry Summers, who's a friend of mine, who's worried about inflation."
Just over a week ago, however, Summers took a stance on inflation that conflicts with Biden's recent assurance. "These figures and labor market tightness and the behavior of housing markets and asset prices are all rising in a more concerning way than I worried about a few months ago," Summers told Politico. "This raises my degree of concern about an economic overheating scenario. There are huge uncertainties in the outlook, but I do believe the focus of concern right now should be on overheating."
3. Covid-proof and risk-free, "if you have these vaccinations"
In an attempt to convince more Americans to get vaccinated, Biden repeatedly claimed that vaccinated people are Covid-proof and risk-free.
"If you're vaccinated, you're not going to be hospitalized, you're not going to be in an ICU unit, and you are not going to die," Biden said at the town hall.
"If you’re vaccinated, even if you do catch the 'virus' ... you're not likely to get sick," he claimed. You’re probably going to be symptomless. You're not going to be in a position where your life is in danger."
Later in the broadcast he made the even more sweeping claim that "you're not going to get COVID if you have these vaccinations."
Yet, a growing number of "breakthrough cases" — those testing positive for the virus after being fully vaccinated — are being reported, affecting everyone from some of the truant Texas Democrat lawmakers photographed maskless on a charter flight to the nation's capital to White House aides whose identities are being shielded from public disclosure. And the CDC continues to report thousands of deaths and other adverse reactions to the COVID vaccines themselves thought its Vaccine Adverse Event Reporting System (VAERS).
4. "They're been working on" COVID vaccines "for two decades." <-----
Biden claimed during the town hall that the vaccines have been in development for over 20 years. But while the mRNA technology underlying the vaccine has been studied for many years, the COVID-19 virus has been circulating for less than two years.
"Everybody talks about how, you know, this virus came, this — the drugs that are designed to kill the virus came along so quickly," Biden said. "They've been working on it for two decades. There's nothing quick about this. It's been over two decades."
Development of the COVID-19 vaccine began in early 2020, which did not allow for the 10-15 years typically allotted for studies and trials.
5. COVID claimed more American lives "than every major war we've ever fought in the United States of America."
"This pandemic was out of control," Biden said. "We've lost more people in the United States — over 630-some thousand people — than every major war we've ever fought in the United States of America. More people have died than all our major wars combined. Think about that."
However, the Civil War alone resulted in a conservatively estimated 620,000 U.S. military deaths, and World War II claimed the lives of more than 400,000, according to data website statista.
Reality check: 5 Biden whoppers
President Biden's town hall event on Wednesday featured dubious claims regarding the economy, crime and coronavirus.
justthenews.com
1. "Crime is down, gun violence and murder rates are up."
"Crime is down, gun violence and murder rates are up," Biden said. "Guns. I'm the only guy that ever got passed legislation when I was a Senator to make sure we eliminated assault weapons."
While other categories of crime such as drug offenses and property crimes may be contributing to an overall decrease in crime rates, deadly violent crime remains far above average. Homicides spiked by roughly 30% nationally in 2020 and climbed 24% more during the first part of 2021, according to New York Magazine.
"A big driver in the rise of crime is gun violence," White House press secretary Jen Pskai recently said. "That's a personal passion of [the president's] for decades."
Yet, major Democrat-run cities which already have some of the strictest gun laws in the country— including New York, Washington and Chicago — have experienced upticks.
2. Doesn't "know anybody, including Larry Summers" who is "worried about inflation"
Amid mounting fears — including within the Biden Administration itself — of rising prices, Biden claimed this week that former Treasury Secretary Larry Summers is not concerned about inflation. However, the Democrat economist who served in the Obama and Clinton administrations has been critical of Biden's economic actions, calling the stimulus bill earlier this year the "least responsible" economic policy in 40 years.
Recent inflation "relates to what in fact, is now needed, because we're growing," Biden told host Don Lemon at CNN's town hall event. "I don't know anybody, including Larry Summers, who's a friend of mine, who's worried about inflation."
Just over a week ago, however, Summers took a stance on inflation that conflicts with Biden's recent assurance. "These figures and labor market tightness and the behavior of housing markets and asset prices are all rising in a more concerning way than I worried about a few months ago," Summers told Politico. "This raises my degree of concern about an economic overheating scenario. There are huge uncertainties in the outlook, but I do believe the focus of concern right now should be on overheating."
3. Covid-proof and risk-free, "if you have these vaccinations"
In an attempt to convince more Americans to get vaccinated, Biden repeatedly claimed that vaccinated people are Covid-proof and risk-free.
"If you're vaccinated, you're not going to be hospitalized, you're not going to be in an ICU unit, and you are not going to die," Biden said at the town hall.
"If you’re vaccinated, even if you do catch the 'virus' ... you're not likely to get sick," he claimed. You’re probably going to be symptomless. You're not going to be in a position where your life is in danger."
Later in the broadcast he made the even more sweeping claim that "you're not going to get COVID if you have these vaccinations."
Yet, a growing number of "breakthrough cases" — those testing positive for the virus after being fully vaccinated — are being reported, affecting everyone from some of the truant Texas Democrat lawmakers photographed maskless on a charter flight to the nation's capital to White House aides whose identities are being shielded from public disclosure. And the CDC continues to report thousands of deaths and other adverse reactions to the COVID vaccines themselves thought its Vaccine Adverse Event Reporting System (VAERS).
4. "They're been working on" COVID vaccines "for two decades." <-----
Biden claimed during the town hall that the vaccines have been in development for over 20 years. But while the mRNA technology underlying the vaccine has been studied for many years, the COVID-19 virus has been circulating for less than two years.
"Everybody talks about how, you know, this virus came, this — the drugs that are designed to kill the virus came along so quickly," Biden said. "They've been working on it for two decades. There's nothing quick about this. It's been over two decades."
Development of the COVID-19 vaccine began in early 2020, which did not allow for the 10-15 years typically allotted for studies and trials.
5. COVID claimed more American lives "than every major war we've ever fought in the United States of America."
"This pandemic was out of control," Biden said. "We've lost more people in the United States — over 630-some thousand people — than every major war we've ever fought in the United States of America. More people have died than all our major wars combined. Think about that."
However, the Civil War alone resulted in a conservatively estimated 620,000 U.S. military deaths, and World War II claimed the lives of more than 400,000, according to data website statista.
Speaking of inflation...the Dem infrastructure plan (a debacle) is underestimated by as much as $2TRILLION.
It's just another couple trillion eh?
justthenews.com
It's just another couple trillion eh?
Budget watchdogs project Dem infrastructure plans to cost up to $5.5T — $2T more than advertised
Democrats in Congress have estimated that the reconciliation bill that includes Biden's agenda items such as universal pre-K, tuition-free community college and financial support for childcare will cost $3.5 trillion.
justthenews.com
Good Lord...all we hear Tibs do be say is that President Xiden has such great numbers, Americans like him, he's rating highly.
Then you ...talk to Americans...and well
abcnews.go.com
Then you ...talk to Americans...and well
Americans' optimism about country's direction over next year drops nearly 20 points since May: POLL
Americans' optimism about country's direction over next year drops nearly 20 points since May: POLL
In May, a little more than a third were pessimistic. Now, it is a majority, a new ABC News/Ipsos poll finds.
abcnews.go.com
Video of the smartest guy Xiden knows hitting the crack pipe.
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What? No, the bank cannot "make a sizeable profit" by lending money at 5% when inflation is 5.5%. The lender has the money for free because of the Fed's monetary policy. Great.
So they loan the money at 5%. Awesome. Inflation is 5.5%. So they are repaid money that has declined in value. They made up a part of the loss by lending the money and getting something in return, but in fact the value of their capital is lower than it was before the bank loaned the money.
Meanwhile, the lender also has to pay employees, and shareholders, and cover loans that are defaulted. So they didn't make a "sizeable profit" by lending money that gets a return lower than inflation, and in fact lost money.
The policy that lets large lenders get money for free is driving the inflation that will force the lender to increase interest rates. Eventually, the Fed has no choice but to boost the fund rate, which then forces mortgage interest higher. Lenders know that when inflation exceeds 5%, the Fed at some point will need to try and control it. Lenders know the days of free money are over, and if they continue to give money away at less than inflation, and the Fed ends free money to control inflation, the lender is in trouble.
Or at least they should. I guess your point is that lenders are stupid and depend on the Fed covering their stupid decisions. Okay.
Okay. But lenders make decisions on interest rates and they use the Fed rate and inflation as guides. Lenders who bank on free money forever better be "too big to fail."
Proof that Xiden needs someone to wipe his ***. "My butt's been wiped!"
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(D)imbo policies in action - so awesome. People vote for this, the beauty, the improvement to our society. So awesome. Only gifted geniuses would understand the indescribable benefits to the poor slobs who have to work for a living and pay taxes.
In summary, **** Biden, **** Harris (join the very substantial club), **** (D)imbos, **** their failed policies.
In summary, **** Biden, **** Harris (join the very substantial club), **** (D)imbos, **** their failed policies.
Say what?
NOooooooooo, the Bidens have no connections to China, nope, none at all. Nothing to see, move along folks.
www.foxnews.com
Hunter Biden's art dealer said he wanted to be the 'lead guy in China' in 2015
Georges Berges, who is representing Hunter Biden as he ventures into the art world, has talked about his business dealings in China in the past, but his reported ties could pose an ethics issue as he sells Biden's art to anonymous buyers.
www.foxnews.com
Quit being racist.
Wow, that Democratic leadership is serving New York well. What a shame. Seriously.
www.foxnews.com
NYC's Washington Square Park, once a hot spot in affluent neighborhood, succumbs to urban decay
The latest available crime data from the NYPD's 6th Precinct, which includes Washington Square Park, shows rapes, murders and felony assaults are up 66.7%, 41.5% and 11.6% year-to-date, respectively. Meanwhile, burglaries and grand larceny are up 87.5% and 27.1%, respectively, within the past month.
www.foxnews.com
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