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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
He said multiple times that "the dollar" (not "the new dollar" or "the old silver dollar", just "the dollar") must remain the world's reserve currency at all cost.
That's like "replacing" the war in Ukraine with a war on BRICS. He's essentially promising WWIII to preserve the Fed.
Last edited by acptulsa; 09-14-2024 at 07:16 AM.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Maybe he thinks it's possible that he could use the prospect of lifting sanctions to give him leverage in talks with Putin.
But, these sanctions aren't hurting Russia. That country has become more self-reliant amidst these sanctions. Whatever they can't produce themselves, they're getting from China.
Hell, maybe we should put sanctions on ourselves. Our economy could use a boost.
Peas on Earth.
Last edited by vita3; 09-14-2024 at 08:04 AM.
Russia central bank just raised interest rates to 20%
The idear that sanctions aren’t hurting them @ all is ludicrous
To be fair N hero is also correct, that sanctions have made them much more self reliant
Last edited by vita3; 09-14-2024 at 08:04 AM.
Per ChatGPT:
Central banks adjust interest rates based on economic conditions, and their decisions depend on whether they are aiming to stimulate or cool down the economy. Here’s how interest rate adjustments typically align with economic conditions:
1. **In a Good (Growing) Economy**:
- **Raising Interest Rates**: Central banks might raise interest rates in a strong or overheating economy. Higher interest rates can help prevent the economy from growing too quickly, which might lead to inflation. By increasing rates, borrowing becomes more expensive, which can slow down spending and investment, helping to keep inflation in check and avoid asset bubbles.
2. **In a Bad (Weak or Recessionary) Economy**:
- **Lowering Interest Rates**: In a weaker economy or during a recession, central banks typically lower interest rates. Lower rates make borrowing cheaper, which can encourage spending and investment by businesses and consumers. The goal is to stimulate economic activity, boost growth, and reduce unemployment.
In summary:
- **Good Economy**: Central banks may raise rates to manage inflation and prevent overheating.
- **Bad Economy**: Central banks may lower rates to stimulate economic growth and support recovery.
These adjustments are part of monetary policy aimed at achieving stable prices, full employment, and sustainable economic growth.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
As long he doesn't bring NeoCons like Bolton..
____________
Mises Institute
An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)
The End of All Evil ~ Jeremy Locke (free PDF download)
Sell weapons to Russia.
We've traditionally armed both sides.
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