^^ Has $480k in cash. Not making any money with that. Not very smart. I can see having enough cash at home for emergencies, but $480K? Can you say Civil Asset Forfeiture?
US Elections (& Politics) :)
- Thread starter sdkid
- Start date
Ju can 'splain all you want, Lucy but the only reezon to have dat kinda cash in su casa iz becauze you no wan de lobos at IRS to know bout et....
bigredfish
Known around here
Ted Cruz: "The Odds Are Very Significant" That Michelle Obama Will Replace Biden
Ted Cruz: "The Odds Are Very Significant" That Michelle Obama Will Replace Biden | ZeroHedge
Ted Cruz: "The Odds Are Very Significant" That Michelle Obama Will Replace Biden | ZeroHedge
bigredfish
Known around here
Biden Orders Border Patrol To Cut Barbed Wire Fences Holding Back Masses Of Migrants
Biden Orders Border Patrol To Cut Barbed Wire Fences Holding Back Masses Of Migrants | ZeroHedge
Only five days ago, the Mayor of Eagle Pass, Texas issued an emergency order due to a huge influx of illegal immigrants crossing into the US from Mexico, and only a few days after that the latest border numbers revealed record migrant crossings in 2023 (over 2.2 million so far). Despite the multitude of warnings since Joe Biden entered the White House, there has been no discernible effort on the part of the federal government to stop the tide.
In fact, more and more evidence suggests the Biden Administration is deliberately thwarting all efforts to secure the southern border while consistently lying about their intentions.
Case in point, Biden fought to end Title 42, which was the only legal recourse keeping abuse of the asylum option in check. Biden has filed a lawsuit asking courts to stop Texas efforts to fence off the Rio Grande with bright orange razor wire buoys, which have proven very effective. Biden and Democrats have tried to stop Texas Governor Greg Abbott from relocating migrants to blue leaning "sanctuary cities" (they've been given a taste of their own medicine and they don't like it). Biden has ordered border patrol agents to "process" illegal immigrants for asylum status, instead of using their energies to send them packing back across the border. And, Biden has ordered those same agents to open border fences against the wishes of state governments so that migrants can easily pass through.
Now, it appears the White House is taking things a step further, ordering border patrol to cut barbed wire fences put in place by Texas DPS as the only effective means for preventing mass migrations. They are actively welcoming in large groups of illegals and opening a path for them.
There has been a clear dereliction of duty when it comes to Biden and his actions on the border. It is also obvious that his relocation of more border agents and national guard to the region is meant to keep migrants moving into the US while preventing state governments from establishing any form of protection. What happens next is predictable - A massive surge in third world population, even beyond what the US has witnessed so far, followed by rising crime, rising economic instability, rising poverty and a rising homeless population.
Unless state governments and the public step in, the crisis will only expand.
Biden Orders Border Patrol To Cut Barbed Wire Fences Holding Back Masses Of Migrants | ZeroHedge
Only five days ago, the Mayor of Eagle Pass, Texas issued an emergency order due to a huge influx of illegal immigrants crossing into the US from Mexico, and only a few days after that the latest border numbers revealed record migrant crossings in 2023 (over 2.2 million so far). Despite the multitude of warnings since Joe Biden entered the White House, there has been no discernible effort on the part of the federal government to stop the tide.
In fact, more and more evidence suggests the Biden Administration is deliberately thwarting all efforts to secure the southern border while consistently lying about their intentions.
Case in point, Biden fought to end Title 42, which was the only legal recourse keeping abuse of the asylum option in check. Biden has filed a lawsuit asking courts to stop Texas efforts to fence off the Rio Grande with bright orange razor wire buoys, which have proven very effective. Biden and Democrats have tried to stop Texas Governor Greg Abbott from relocating migrants to blue leaning "sanctuary cities" (they've been given a taste of their own medicine and they don't like it). Biden has ordered border patrol agents to "process" illegal immigrants for asylum status, instead of using their energies to send them packing back across the border. And, Biden has ordered those same agents to open border fences against the wishes of state governments so that migrants can easily pass through.
Now, it appears the White House is taking things a step further, ordering border patrol to cut barbed wire fences put in place by Texas DPS as the only effective means for preventing mass migrations. They are actively welcoming in large groups of illegals and opening a path for them.
There has been a clear dereliction of duty when it comes to Biden and his actions on the border. It is also obvious that his relocation of more border agents and national guard to the region is meant to keep migrants moving into the US while preventing state governments from establishing any form of protection. What happens next is predictable - A massive surge in third world population, even beyond what the US has witnessed so far, followed by rising crime, rising economic instability, rising poverty and a rising homeless population.
Unless state governments and the public step in, the crisis will only expand.
Ya know, once upon a time when coming back from leave I boarded a Delta flight in Atlanta when Billy Graham also came aboard...and not once did I ever feel qualified or called to spread the Gospel....go figure!
bigredfish
Known around here
This is pure Treason.
It is planned and orchestrated and illegal under many laws. It is the planned destruction of the country along with the dozens of other initiatives like the intentionally failed energy policy, inflation, pushing of deviant sex to kids, ongoing destruction of the 1st and 2nd Amendments, the continued push of the clot shots, the destruction of the middle class…
Shit is going to get very real in the next 12 months.
bigredfish
Known around here
Sympathy for Border Patrol Agents is almost on empty.
They have now become typical anti-American Federal bureaucrats that need to be shamed and ostracized. They are not living up to their oath to protect the US. Sedition
If there are any left in DC with any balls, I hope they shut the government down hard and long.
They have now become typical anti-American Federal bureaucrats that need to be shamed and ostracized. They are not living up to their oath to protect the US. Sedition
If there are any left in DC with any balls, I hope they shut the government down hard and long.
bigredfish
Known around here
When Shelter Becomes A Speculative Asset, Society Unravels
When Shelter Becomes A Speculative Asset, Society Unravels | ZeroHedge
Let's begin by stipulating that speculation (i.e. gambling) is part of human nature. The role of regulations and policy is to limit the damage that gambling inevitably inflicts when "sure things" cliff-dive into losses.
In other words, where the speculative frenzy and money flows matters. When the South Sea Bubble expanded circa 1713-1720, this flood tide of speculative capital did not distort the cost of shelter and bread in England; it was limited to a purely financial marketplace of shares in the company. When the bubble imploded in 1720, the losses fell mostly on wealthy investors like Isaac Newton.
The same can be said of the speculative mania of the dot-com era: the bubble and collapse were limited to the tech sector and those participating in the sector and the speculative frenzy. The cost of rent and bread did not double due to the speculative bubble's inflation or bursting.
In contrast, when speculation floods into shelter / housing, it fatally distorts the cost of housing non-speculators must pay. I say fatally because shelter, along with food, energy and water (the FEW resources), are essential to life. These are not discretionary things we can decide not to have. When the price of essentials soars due to speculation that only rewards the speculators at the expense of non-speculators, the fuse of social disorder is lit.
Anyone who believes policies that encourage the wealthy to hoard housing to the point that the bottom 80% (or the bottom 95% in some areas) cannot afford to buy a home are just peachy is overdosing Delusionol. The social consequences are severe and uncontainable once the worm turns.
Exhibit #1 in Shelter Becoming a Speculative Asset is a modest house in the San Francisco Bay Area that sold for $135,000 in mid-1996. By modest I mean small, old, and on a small lot in a neighborhood of other small lots and homes. (A screenshot of the Zillow history is below.)
Today the home's value is estimated to be about ten times higher: $1.35 million. Let's do some basic math to understand just how distorted this market has become.
The median household income in 1996 was about $39,000. For a house costing $135,000, this represents 3.5 ratio of income to housing, well within the traditional ratio of 4 to 1 (4 X income = cost of the home).
Median household income has almost doubled to $75,000, roughly in line with inflation according to the Bureau of Labor Statistics. According to the BLS, the house that cost $135,000 in July 1996 would now cost $264,000 when adjusted for inflation, and the $39,000 median income would be $76,000.
Let's say the house appreciated above the rate of inflation to $300,000 today. That's still within the 4 to 1 ratio of income to house cost (4 X $75,000 = $300,000.) So even though the house rose 2.2X in cost, it would still be affordable to a median household.
At a value of $1.35 million, a household would need to make $337,500 annually--an income that is in the top 5% of households--to buy the house today. In other words, an income that is 4.5 times the median household income is the minimum needed to buy this modest house.
The house is now worth 4.5 times what it would have been worth if it had appreciated well above inflation.
The conventional argument holds that this four-fold increase in housing costs is due solely to a shortage of housing. Let's consider some data before concluding this is the only dynamic in play
When Shelter Becomes A Speculative Asset, Society Unravels | ZeroHedge
Let's begin by stipulating that speculation (i.e. gambling) is part of human nature. The role of regulations and policy is to limit the damage that gambling inevitably inflicts when "sure things" cliff-dive into losses.
In other words, where the speculative frenzy and money flows matters. When the South Sea Bubble expanded circa 1713-1720, this flood tide of speculative capital did not distort the cost of shelter and bread in England; it was limited to a purely financial marketplace of shares in the company. When the bubble imploded in 1720, the losses fell mostly on wealthy investors like Isaac Newton.
The same can be said of the speculative mania of the dot-com era: the bubble and collapse were limited to the tech sector and those participating in the sector and the speculative frenzy. The cost of rent and bread did not double due to the speculative bubble's inflation or bursting.
In contrast, when speculation floods into shelter / housing, it fatally distorts the cost of housing non-speculators must pay. I say fatally because shelter, along with food, energy and water (the FEW resources), are essential to life. These are not discretionary things we can decide not to have. When the price of essentials soars due to speculation that only rewards the speculators at the expense of non-speculators, the fuse of social disorder is lit.
Anyone who believes policies that encourage the wealthy to hoard housing to the point that the bottom 80% (or the bottom 95% in some areas) cannot afford to buy a home are just peachy is overdosing Delusionol. The social consequences are severe and uncontainable once the worm turns.
Exhibit #1 in Shelter Becoming a Speculative Asset is a modest house in the San Francisco Bay Area that sold for $135,000 in mid-1996. By modest I mean small, old, and on a small lot in a neighborhood of other small lots and homes. (A screenshot of the Zillow history is below.)
Today the home's value is estimated to be about ten times higher: $1.35 million. Let's do some basic math to understand just how distorted this market has become.
The median household income in 1996 was about $39,000. For a house costing $135,000, this represents 3.5 ratio of income to housing, well within the traditional ratio of 4 to 1 (4 X income = cost of the home).
Median household income has almost doubled to $75,000, roughly in line with inflation according to the Bureau of Labor Statistics. According to the BLS, the house that cost $135,000 in July 1996 would now cost $264,000 when adjusted for inflation, and the $39,000 median income would be $76,000.
Let's say the house appreciated above the rate of inflation to $300,000 today. That's still within the 4 to 1 ratio of income to house cost (4 X $75,000 = $300,000.) So even though the house rose 2.2X in cost, it would still be affordable to a median household.
At a value of $1.35 million, a household would need to make $337,500 annually--an income that is in the top 5% of households--to buy the house today. In other words, an income that is 4.5 times the median household income is the minimum needed to buy this modest house.
The house is now worth 4.5 times what it would have been worth if it had appreciated well above inflation.
The conventional argument holds that this four-fold increase in housing costs is due solely to a shortage of housing. Let's consider some data before concluding this is the only dynamic in play
bigredfish
Known around here
Still waiting on that client list.....is there any serious doubt in your mind that our country is being run by Pedophiles?
JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial
JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial | ZeroHedge
JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial
JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial | ZeroHedge
Oceanslider
Known around here
Oceanslider
Known around here
Oceanslider
Known around here
This is all Trump's fault. He got us spoiled on $2.60 a gallon. Freakin TrumpAverage price in my neck of the woods
I said this over a year ago. This is a really big problem. Cruz should not be putting this in people's minds! If the Dems really do this, she will be unbeatable. Every liberal special interest group will show up in droves to vote for her. Couple that with mail in ballots, and this will be a landslide like never before seen. She could pick a banana as a running mate, or Harris even, and it would not matter.
bigredfish
Known around here
Agree
Seems pretty clear Michelle doesn't want it, otherwise all she'd have to do is whisper it and the Democratic party would activate to make her POTUS.
If I'm being honest, I want to see Republicans get the first female POTUS just to annoy the Democrats. Shut down the stupid diversity rhetoric.
If I'm being honest, I want to see Republicans get the first female POTUS just to annoy the Democrats. Shut down the stupid diversity rhetoric.
bigredfish
Known around here
Maybe just smart timing. Wait till 3 months before election, old Pedo Joe bows out, or falls down a long staircase, and they need a new candidate pronto. In steps Big Mike. No debates, no time for any media scrutiny (HA! like there would be anyway).. like @samplenhold says it would be an epic blowout. Hell they may just crown her Queen and call off future elections. Game over
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Barack: first black president.
Michelle: first woman president
Both of them: their heads would be so big they wouldn't fit in the same car.
Value of Nobel Peace Prize drops to 50 cents.
There's folks with actual ambition though, like Gavin Gruesome, and Michelle doesn't have it. Hate to admit it, but more people probably like Gruesome better than Biden. The Dems could run absolutely anyone else and win, but they are going with the decomposing corpse.
You know they have an end game. Like @bigredfish states...timing is everything. Lots of smoke and mirrors, look here not there, etc. The MSM will cover for them just like they always do.
Oceanslider
Known around here
not to mention all the cash joe gets in America, and has his whole political life.