Earlier quoted context omitted.
I believe they're referring to when Joe Biden said "I am a Zionist."
What did he mean then? Israel exists as a Jewish state so I really don't know what people mean when they say it.
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The bond market isn’t buying what Fed Chair Warsh is selling
51–60 of 101 posts
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#52Reuters attributes this to be somehow a personal flaw in Walsh. Pretty sure Jerome Powell, the previous chair, would have done exactly the same thing. In fact Jerome Powell is still in the Fed and participated in this decision.
Maybe I missed it, but did Walsh explicitly say it's tariffs and the war driving inflation? There's a reason Trump was fighting with Powell.
https://www.reuters.com/markets/us/powell-says-tariffs-keepi...
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#53Earlier quoted context omitted.
And somehow this situation is all Joe Biden's fault, and Trump is still going to fix it, any day now. A very significant amount of American voters believe this. To this day. And their belief in this is still being reinforced by the vast majority of the "mainstream media" which they believe is left-biased, which hasn't been true for very many years at this point. This is why we are fucked and there is no way out of th…
I understand the point you're making about blind devotion to Trump but the reality is that Biden is not free from blame here, in four ways: 1. Trump in his first term created the Abraham Accords that directly contributed to the genocide that has since happened (by excluding Palestinians from the process). Biden did not reverse any of that because he is an avowed Zionist; 2. Trump blew up the JCPOA that sought to incl…
>The so-called "bear-hug strategy" following October 7 set the stage for everything that's happening now.....Biden could've ended that conflict with a phone call.
Both sides have been preparing for the conflict for decades. The bomb that the US used to bomb Iran's nuclear facilities, the GBU-57A/B MOP, began development in the early 2000s[1]. Iran has long supported the Houthis, who have been attacking Saudi Arabia, a key US ally in the Middle East and one of the main suppliers of oil to the West. Iran has been the major competitor to the US, or even the West, for a long period of time. Oct 7 is just a trigger point, like the Sarajevo assassination was the trigger point of WW1.
> Trump blew up the JCPOA that sought to include Iran in the international community for really no reason than to please his donors Indeed, a few of the US allies in the Middle East, like the UAE, Saudi Arabia, as well as Bahrain, expressed concerns over the Iran nuclear deal[2].
We are entering a critical point in time, where Western civilization may not dominate the world anymore like it did for the past 300 years. There will be a lot of instability, though a lot of people fail to recognize that and are underprepared.
[1] https://www.twz.com/air/gbu-57-massive-ordnance-penetrator-s... [2] https://www.aljazeera.com/news/2018/5/9/world-leaders-react-...
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#54Earlier quoted context omitted.
You can argue all day long, but at the end of the day, the US has immense ability to exert pressure on Israel, starting with withholding UNSC vetoes. The Biden admin pulled no levers whatsoever. On the contrary, it went to great lengths to cover for a genocide that it was aware of. This admin will be part of the history books, but not in a good light :)
> ... US has immense ability to exert pressure on Israel, starting with withholding UNSC vetoes. You are 100% correct on this. That does not however mean they have the ability to end a war in one phone call > The Biden admin pulled no levers whatsoever. This is incorrect. Biden tried to constrain Netanyahu and did shit like making the pier to deliver aid to the Palestinians. Netanyahu responded by snubbing Biden and…
Thank you for your comments. In short, it's complicated. The other piece which you didn't mention that other people bring up is cutting off the 4B-8B in military aid to Israel. In the past that might have given the US more leverage, but Israel has a 700B GDP economy now - they don't need that aid to buy weapons. The aid the US sends just ends up back in the US economy, and keeps Israel from buying arms from China.
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#55Speaking as a non-American, and without the lens of partisan politics, it seems incredibly obvious to me that Kevin Warsh ... in terms of credibility as an economist, with Ben Bernanke one step to either side of Powell depending on how much you feel he was a victim of circumstances in the 2008 crisis. That said, the current problems in the US economy are entirely out of the control of the Fed and all to do with the c…
Look at outcomes, not just words. Bernanke made a correct prediction that the rate had to stay low and that it wouldn't result in high inflation.
Meanwhile, the ECB started raising the rate once the economy stopped crashing. And that promptly caused the second recession in Europe.
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#56Speaking as a non-American, and without the lens of partisan politics, it seems incredibly obvious to me that Kevin Warsh ... in terms of credibility as an economist, with Ben Bernanke one step to either side of Powell depending on how much you feel he was a victim of circumstances in the 2008 crisis. That said, the current problems in the US economy are entirely out of the control of the Fed and all to do with the c…
Look at outcomes, not just words. Bernanke made a correct prediction that the rate had to stay low and that it wouldn't result in high inflation. Meanwhile, the ECB started raising the rate once the economy stopped crashing. And that promptly caused the second recession in Europe.
What caused the second recession in Europe was a decrease in energy supply. Country that depended the most on the North sea or North Africa oil and gas exports suffered the most.
We still live under the constraints of our world, and energy availablity is a big one.
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#57Earlier quoted context omitted.
I believe they're referring to when Joe Biden said "I am a Zionist."
What did he mean then? Israel exists as a Jewish state so I really don't know what people mean when they say it.
Zionism can be both the nationalist movement for making Israel a Jewish state as well as the interpretation that such a movement is inherently colonial and racist.
So Zionism for Israelis might just mean "we support and advocate for a Jewish state in the land of Israel" which also includes two-state solutions but it can mean "we are a colonial and ethno-religious racist state" to the ones being displaced by the movement (like Palestinians).
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#58Earlier quoted context omitted.
American fixed 30y mortgages actually make interest rate policy much less effective, in theory. In most countries with normal mortgages, raising rates fairly immediately transmits through to the rest of the economy, because it affects the mortgage market. This isn't true in America, because everyone quite reasonably is able to get these insane mortgage products with literally no downside risk - if rates go up, you do…
So you don't buy the POV the middle class is squeezed out of existence, almost?
Not really.
I earn a reasonable income, but the reality is even though I live alone and don't really think about where I spend my money finances are good. I could quite easily save a fair bit more than I currently do if I wanted to.
My experience won't align with everyone, but it is enough for me to feel somewhat dismissive of people who say life sucks. At some point, if you aren't earning enough and/or spend too much, that's on you. Some of the people I know of who complain about finances feel they should not have to care about their spending, or have "luxuries" that are actually very expensive (going out drinking alcohol is a big one where I'm at). The reality is anything that takes human Labor in a developed economy is very expensive.
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#59Earlier quoted context omitted.
I understand the point you're making about blind devotion to Trump but the reality is that Biden is not free from blame here, in four ways: 1. Trump in his first term created the Abraham Accords that directly contributed to the genocide that has since happened (by excluding Palestinians from the process). Biden did not reverse any of that because he is an avowed Zionist; 2. Trump blew up the JCPOA that sought to incl…
Your analysis will be downvoted, but it is absolutely spot on. One day, everyone will always have been against this.
One day, everyone will always have been against this
This is a very insightful book, highly recommend.
Re: The bond market isn’t buying what Fed Chair Warsh is selling
#60Earlier quoted context omitted.
> ... US has immense ability to exert pressure on Israel, starting with withholding UNSC vetoes. You are 100% correct on this. That does not however mean they have the ability to end a war in one phone call > The Biden admin pulled no levers whatsoever. This is incorrect. Biden tried to constrain Netanyahu and did shit like making the pier to deliver aid to the Palestinians. Netanyahu responded by snubbing Biden and…
Thank you for your comments. In short, it's complicated. The other piece which you didn't mention that other people bring up is cutting off the 4B-8B in military aid to Israel. In the past that might have given the US more leverage, but Israel has a 700B GDP economy now - they don't need that aid to buy weapons. The aid the US sends just ends up back in the US economy, and keeps Israel from buying arms from China.
> In short, it's complicated.
No, it is not. The US has the power to sanction entire states & cut them out from the global banking system overnight. Look at what Cuba has suffered for daring to oppose the US.
> but Israel has a 700B GDP economy now
That would mean shit if the country is sanctioned and its leaders declared persona non grata. South Africa was similarly quite powerful, but when you’re reliant on Western backing and integration, existing as a pariah state is not a sustainable position to be in.