Future Debt Ceiling Hostage crisis

Let’s stop with the murder talk please.

Just so we’re clear- “I wish Dianne Feinstein would hurry up and die” is fine. “Let’s go murder Dianne feinstein” is not fine.

TravelinMan wrote:

Floyd Robertson wrote:Should we be buying as much gold as possible asap?

Gold, the Yen, short dated T bills, and CDS if you can find them, although they're getting overheated at the moment.

In a thread discussing the potential of the US government defaulting on debt, you're recommending that people buy T bills? Also, what exactly is a short dated T bill? T bills are, by definition, short term investments.

Motown Spartan wrote:

TravelinMan wrote:

Gold, the Yen, short dated T bills, and CDS if you can find them, although they're getting overheated at the moment.

In a thread discussing the potential of the US government defaulting on debt, you're recommending that people buy T bills? Also, what exactly is a short dated T bill? T bills are, by definition, short term investments.

Yields on some short-dated Treasury bills have shot up - two-month T-Bills have surged to over 5%.

TravelinMan wrote:

Motown Spartan wrote:

In a thread discussing the potential of the US government defaulting on debt, you're recommending that people buy T bills? Also, what exactly is a short dated T bill? T bills are, by definition, short term investments.

Yields on some short-dated Treasury bills have shot up - two-month T-Bills have surged to over 5%.

I'm well aware that the risk of default is driving the yields up. You do know what happens to those T bills if the government defaults, don't you?

Motown Spartan wrote:

TravelinMan wrote:

Yields on some short-dated Treasury bills have shot up - two-month T-Bills have surged to over 5%.

I'm well aware that the risk of default is driving the yields up. You do know what happens to those T bills if the government defaults, don't you?

It’s a strategy. Depending upon your goals and beliefs, it may or may not be right for you. I post for entertainment purposes, and nothing I post should be construed as financial advice.

What are your suggestions? Genuinely interested in hearing.

TravelinMan wrote:

Motown Spartan wrote:

I'm well aware that the risk of default is driving the yields up. You do know what happens to those T bills if the government defaults, don't you?

It’s a strategy. Depending upon your goals and beliefs, it may or may not be right for you. I post for entertainment purposes, and nothing I post should be construed as financial advice.

What are your suggestions? Genuinely interested in hearing.

If T bills were a real option I would consider CDs or a MMMF before T bills right now.

Motown Spartan wrote:

TravelinMan wrote:

It’s a strategy. Depending upon your goals and beliefs, it may or may not be right for you. I post for entertainment purposes, and nothing I post should be construed as financial advice.

What are your suggestions? Genuinely interested in hearing.

If T bills were a real option I would consider CDs or a MMMF before T bills right now.

Well, like I said, it all depends on what you believe, your goals, and your appetite for risk.

Some people are saying there's no way to hedge against a default. Banks across the world would collapse, and all tier one capital would be worthless.

So I guess we'll fall somewhere between a financial apocalypse and absolutely nothing.

What a time to be alive, eh?

Travis of the Cosmos wrote:Let’s stop with the murder talk please.

Just so we’re clear- “I wish Dianne Feinstein would hurry up and die” is fine. “Let’s go murder Dianne feinstein” is not fine.

Honestly, bluster aside, I don't even know if I'm comfortable with that. Did you see the pictures of that poor woman? Does she even know who she is anymore? Let her die in peace. Holy crap.

TravelinMan wrote:

Travis of the Cosmos wrote:Let’s stop with the murder talk please.

Just so we’re clear- “I wish Dianne Feinstein would hurry up and die” is fine. “Let’s go murder Dianne feinstein” is not fine.

Honestly, bluster aside, I don't even know if I'm comfortable with that. Did you see the pictures of that poor woman? Does she even know who she is anymore? Let her die in peace. Holy crap.

Whoever is in her ear doing anything other than demanding she retire is a very bad person

Travis of the Cosmos wrote:

TravelinMan wrote:

Honestly, bluster aside, I don't even know if I'm comfortable with that. Did you see the pictures of that poor woman? Does she even know who she is anymore? Let her die in peace. Holy crap.

Whoever is in her ear doing anything other than demanding she retire is a very bad person

She's the new poster child for term limits and competency tests. I mean, we're at Weekend at Bernie's levels of government now.

Motown Spartan wrote:

TravelinMan wrote:

It’s a strategy. Depending upon your goals and beliefs, it may or may not be right for you. I post for entertainment purposes, and nothing I post should be construed as financial advice.

What are your suggestions? Genuinely interested in hearing.

If T bills were a real option I would consider CDs or a MMMF before T bills right now.

What do you think about crypto at this time? I'm not talking about holding it for multiple years - just short term hedge stuff.

I don’t really agree with those things because if people want to vote for someone then who is to say what is or is not competent. “Too old” can mean different things for different people. Also we’re way too bigoted of a country to implement a fair competency test. Republicans would be trying to put “name who won the Country Music Award for best new artist from 2003-2007” and kick anyone out of congress who can’t do it

But I do think that a system that let her get through the primary and onto the ballot at 87 and clearly in declining health is flawed. I don’t know how that gets fixed, but she never should have gotten through the primary. I guess voters ambivalence toward primaries is a problem there.

TravelinMan wrote:

Motown Spartan wrote:

If T bills were a real option I would consider CDs or a MMMF before T bills right now.

What do you think about crypto at this time? I'm not talking about holding it for multiple years - just short term hedge stuff.

Go to the casino.

Motown Spartan wrote:

TravelinMan wrote:

What do you think about crypto at this time? I'm not talking about holding it for multiple years - just short term hedge stuff.

Go to the casino.

Under normal circumstances I would 100% agree with you. I'm not a huge fan. But these are not normal circumstances. I could see ETH or Bitcoin doing well if there's a default.

Trapper Gus wrote:

Floyd Robertson wrote:Should we be buying as much gold as possible asap?

How many stores do you go into that will accept gold as payment for goods?

It's not about paying for gas at the Stop and Rob.

The price of gold WILL go up if the US defaults on its debts. That's pretty much a sure thing.

Trapper Gus wrote:

TravelinMan wrote:

It's not about paying for gas at the Stop and Rob.

The price of gold WILL go up if the US defaults on its debts. That's pretty much a sure thing.

I guessing a global depression if the US defaults, but it won't.

You're guessing? No shit. Yeah, it will be bad.

I hope you're right, and common sense prevails.

Trapper Gus wrote:

Travis of the Cosmos wrote:I don’t really agree with those things because if people want to vote for someone then who is to say what is or is not competent. “Too old” can mean different things for different people. Also we’re way too bigoted of a country to implement a fair competency test. Republicans would be trying to put “name who won the Country Music Award for best new artist from 2003-2007” and kick anyone out of congress who can’t do it

But I do think that a system that let her get through the primary and onto the ballot at 87 and clearly in declining health is flawed. I don’t know how that gets fixed, but she never should have gotten through the primary. I guess voters ambivalence toward primaries is a problem there.

The people who are represented by the person elected get to vote. If they elected someone that person is by definition qualified. Beyond that the House & Senate, by a 2/3rds vote can expell members.

IMO going beyond that is asking for all sorts of trouble.

I used to think like you. But 74M people voted for Trump in 2020, and I realized that people are far too stupid to be left to their own devices. We gotta put some guardrails on this thing.

Trapper Gus wrote:

Floyd Robertson wrote:Should we be buying as much gold as possible asap?

How many stores do you go into that will accept gold as payment for goods?

So maybe I should just buy as much lead as possible.

In the form of bullets.

bOtH sIdEs

TravelinMan wrote:

Trapper Gus wrote:

The people who are represented by the person elected get to vote. If they elected someone that person is by definition qualified. Beyond that the House & Senate, by a 2/3rds vote can expell members.

IMO going beyond that is asking for all sorts of trouble.

I used to think like you. But 74M people voted for Trump in 2020, and I realized that people are far too stupid to be left to their own devices. We gotta put some guardrails on this thing.

What about the will of the people?

Floyd Robertson wrote:

Trapper Gus wrote:

How many stores do you go into that will accept gold as payment for goods?

So maybe I should just buy as much lead as possible.

In the form of bullets.

I have the 3 B's strategy - bullets, bourbon, and beef.

Motown Spartan wrote:

TravelinMan wrote:

I used to think like you. But 74M people voted for Trump in 2020, and I realized that people are far too stupid to be left to their own devices. We gotta put some guardrails on this thing.

What about the will of the people?

Fuck the people. They've proven they're too stupid to exert their will. Based upon 2020, 74M people should be lobotomized and "sent away" for long term care.

TravelinMan wrote:

AvgMSUJoe wrote:

The grown ups are Biden and Powell and Yellen. (Also there is a possibility that if they get a signed petition of Dems plus 5 Rs in the house they could bring debt ceiling to a vote without McCarthy... we will see if 5 step up to save economic collapse.)

Hissy fits from the house, based on lies can not be taken seriously.

There is NOTHING legit about the bill (they BARELY passed their caucus with).

Biden holding his breath, making demands, and refusing to negotiate when he doesn't have the votes is hardly adult like behavior.

Every single politician involved in this bullshit needs to be tried for treason and hung in the Washington Mall if we default. I don't give a shit if you're a Dem, Rep, or a lizard king.

?

We don't negotiate with terrorists in this country. They will throw the world economy under the bus to placate the crazy among them... rolling back legislation by terror is NOT what adults do. Adults pay their bills and if they don't like a program they change the program. If they can't muster the votes, they shouldn't have control.

PS, Just because Obama let them get away with it doesn't mean Dark Brandon will.

AND FUCK trumps 2 trillion giveaway to the rich... let's roll THAT back.

BTW, Defaulting TBills are what we are talking about right now... Just think if banks or any huge credit (major construction, entire world governments) didn't have the full faith of the TBill to back them (cause MTG wants to own the dems...duuuhhuuhuhuhuh)

DON'T EVEN try to pull a both sides with this.

Frankly, You know the only person in this entire world who benefits from the US defaulting?

the same one who is probably the dark money behind the looney right wing...

Putin

AvgMSUJoe wrote:Frankly, You know the only person in this entire world who benefits from the US defaulting?

the same one who is probably the dark money behind the looney right wing...

Putin

You misspelled Jinping, but whatever. They're both in bed together.

TravelinMan wrote:

Travis of the Cosmos wrote:Let’s stop with the murder talk please.

Just so we’re clear- “I wish Dianne Feinstein would hurry up and die” is fine. “Let’s go murder Dianne feinstein” is not fine.

Honestly, bluster aside, I don't even know if I'm comfortable with that. Did you see the pictures of that poor woman? Does she even know who she is anymore? Let her die in peace. Holy crap.

She can die in peace once she resigns. So long as she's a fucking Senator, she's fair game.

If you live in Switzerland, you may see gold as a buffer. Anyone thinking gold will save you from the 77 year history of the US dollar losing its perch as the world's most stable/trusted currency is whistling thru grave yards.

My view, at least since Reagan is the Federal Debt has been important to Republicans to pull back distributed wealth to 1880-1895 levels to recreate the Gilded Age and entrench 21st century robber barons.

The GOP has done a great job of stacking the Federal judiciary with Federalist Society approved candidates who fully support rolling back the economic clock.

Biggest error Obama made was not letting both Bush2 tax cuts expire and once Trump was elected, the GOP's bum's rush to pass the 2017 tax cuts that made the cuts for the top 1%/ 5% and 10% permanent while the dopes in the bottom 3 quintiles will be discovering their tax bills will be going up.

So you're walking down the street, just strolling, in shorts and a tank top. Sunglasses on, nothing else on you, no bags, no nothing. A guy stops you and demands you make him a ham sandwich. You say, I can't make you a ham sandwich. the guy demands again, make me a damn ham sandwich! You reply again, i can't make you a ham sandwich, do you see any bread? Do you see any ham? Do you see any mustard? I have none of these things, i can't make it for you. Next the guy thinks real hard for a second, and this time pulls out a gun and points it at you, Make me a mother fucking sandwich or I'm going to shoot you in the knee cap.

Republicans are the morons making utter rubbish requests that can't be filled. The debt shall not be questioned. What they are asking for is over and done with, it can't be backtracked, it should not be backtracked. And they are holding a gun to all our heads and making the request anyways, against the will of the people and against the constitution.

Anyone that calls the democrats children in this scenario are themselves spouting utter rubbish. Anyone turning this into a "both sides are dumb" argument aren't thinking too hard about this and are themselves spouting utter rubbish. There's only one insane and childish side here, by a mile.

sεяεηιτλ wrote:So you're walking down the street, just strolling, in shorts and a tank top. Sunglasses on, nothing else on you, no bags, no nothing. A guy stops you and demands you make him a ham sandwich. You say, I can't make you a ham sandwich. the guy demands again, make me a damn ham sandwich! You reply again, i can't make you a ham sandwich, do you see any bread? Do you see any ham? Do you see any mustard? I have none of these things, i can't make it for you. Next the guy thinks real hard for a second, and this time pulls out a gun and points it at you, Make me a mother fucking sandwich or I'm going to shoot you in the knee cap.

Republicans are the morons making utter rubbish requests that can't be filled. The debt shall not be questioned. What they are asking for is over and done with, it can't be backtracked, it should not be backtracked. And they are holding a gun to all our heads and making the request anyways, against the will of the people and against the constitution.

Anyone that calls the democrats children in this scenario are themselves spouting utter rubbish. Anyone turning this into a "both sides are dumb" argument aren't thinking too hard about this and are themselves spouting utter rubbish. There's only one insane and childish side here, by a mile.

I respectfully disagree. A good politician needs to be able to work across the aisle to get things done. If they can't do that, they're not doing their job. Neither side appears capable of doing that at the moment.

TravelinMan wrote:

sεяεηιτλ wrote:So you're walking down the street, just strolling, in shorts and a tank top.  Sunglasses on, nothing else on you, no bags, no nothing.  A guy stops you and demands you make him a ham sandwich.  You say, I can't make you a ham sandwich.  the guy demands again, make me a damn ham sandwich!  You reply again, i can't make you a ham sandwich, do you see any bread?  Do you see any ham?  Do you see any mustard?  I have none of these things, i can't make it for you.  Next the guy thinks real hard for a second, and this time pulls out a gun and points it at you, Make me a mother fucking sandwich or I'm going to shoot you in the knee cap.

Republicans are the morons making utter rubbish requests that can't be filled.  The debt shall not be questioned.  What they are asking for is over and done with, it can't be backtracked, it should not be backtracked.  And they are holding a gun to all our heads and making the request anyways, against the will of the people and against the constitution.  

Anyone that calls the democrats children in this scenario are themselves spouting utter rubbish.  Anyone turning this into a "both sides are dumb" argument aren't thinking too hard about this and are themselves spouting utter rubbish.  There's only one insane and childish side here, by a mile.

I respectfully disagree.  A good politician needs to be able to work across the aisle to get things done.   If they can't do that, they're not doing their job.  Neither side appears capable of doing that at the moment.

Fuck that. In no way should someone be forced to cooperate or negotiate with someone that wants to destroy the bedrock of our nation.

And until the “good” Republicans do it, the Democrats don’t have to do shut about it. It’s on the Republicans to fix Republican evils.

Motown Spartan wrote:

TravelinMan wrote:

I respectfully disagree. A good politician needs to be able to work across the aisle to get things done. If they can't do that, they're not doing their job. Neither side appears capable of doing that at the moment.

Fuck that. In no way should someone be forced to cooperate or negotiate with someone that wants to destroy the bedrock of our nation.

And by not cooperating with someone that wants to destroy the bedrock of our nation, they will destroy the bedrock of our nation.