With the huge growth in government it’s no surprise the economy can’t grow. Governments are taking a bigger and bigger slice of the economic wealth that’s needed for real investment and growth.
Yet China managed to float atleast one spy balloon over the US undetected. Obvious that Biden and the Dems don’t want to irritate China. Also obvious that China has little concern for this administration, for whatever reason.
Restricting a persons freedoms to earn a living is downright evil. Once more we see how socialist policies cater to a politically connected class, ultimately resulting in economic and social degradation.
No one, including Iran, takes this administration seriously. They are a laughing stock to anyone outside North America and Europe, the media just won’t show it. Biden and his allies are isolating the west from the majority of the world.
First he drained the strategic oil reserves to the lowest level in decades, now he will do the same with deposit insurance. Looking more like the slow economic and social collapse caused by socialist policies.
Something as important as air travel safety should be led by a well qualified person. Unfortunately exposing someone’s obviously lack of qualifications is considered a partisan attack, even though that is the purpose of these hearings. Appointing unqualified people is another way how left wing policies end in social collapse.
You were right the first time, yes left. Everything you stated was an exagerated or over simplified explanation of the what was said or done, in order to scare and mislead people.You were right the first time, yes left. Everything you stated was an exagerated or over simplified explanation of the what was said or done, in order to scare and mislead people.
Because the financial system is designed and run by the Fed and other government regulators, the banks are just extensions of that system. Even if it was bad bank management, the Fed and regulators should have at least known before hand. This what you get when ever you havecnetral bankers running the show.
A lesson in relying on government for your well being. Eventually coming to more countries since all entitlement programs are unsustainable. Increased taxation to fund them only reduces the economic base the taxes are based on creating a downward spiral, no different than spending your capital, not just your returns.
Bizarre what is happening because banks were supposed to do better in a higher interest rate environment. Decades of increased financial and banking regulation and we still have this mess. Maybe the problem is having a system designed and run by the government. We need less government and real free markets. Let them fail, that is how businesses and consumers learn, and will allow the best companies to rise to the top.
OPEC appears to do a better job at managing markets than the worlds central banks, especially when having to deal with the mess created by the latter. That said, both are not needed as they serve the elites at the expense of all others.
Great, they are going to create an even larger entity that will require a taxpayer bailout in the future, leading to the entire nationalization of the banking industry, aka communism. Time to let true free market capitalisim work and let the necessary destruction needed happen. Customers and businesses don't learn when governments try to protect them and bail them out when they inevitably fail at protection.
All our entitlement programs are unsustainable, not just in France. The economies can't support them, even more now after the authoritarians in power around the world shut down their wealth generating, productive economies in a misguided shotgun response to the pandemic. People need to realize that politicians and bureaucrats are not as smart as they or their supporters like to believe. Many of us don't want or need them to be our nannies
China will do what it wants, her visit is just political theatre that China is going along with. Lenders to developing countries primarily prop up corrupt governments at their citizens expense.
I guess the government money and taxpayer money is two separate things according to Biden since he said there would be no cost to the taxpayer. This banking crisis is just one more casualty of the politicians and bureaucrats ill conceived pandemic policies. Many were warning that shutting down the economy would not end well, but they were ignored by authoritarian politicians and their economic illiterate followers.
Many knew what the government and Fed did in response to the government shutting down the economy would not end well. They were just ignored. Just like the guys that warned about Madoff.
The Twitter files make it obvious all the platforms were silencing him as well as other conservatives in favour of the left wing Democrats, not because of inciting. The left has been blatantly inciting on the platforms without being silenced. The tech companies have set a bad precedent which could now be used against anyone’s views.
That’s a pretty good rating for a bank that would have failed if not for a government bailout. This is not free market capitalism, it’s crony capitalism. Not much different than communism, just a different label, but the same elites running the show, and ultimately leading us to a massive societal failure.
A great example of how the central banking system and big government regulation creates too big too fail. We should be letting banks fail and move to a free market system where the better managed banks succeed, not the bigger ones backed by our central bankers and politicians; the central planners.
Experts have said that this will be thrown out as she campaigned on going after President Trump, proving it is a witch-hunt and her blatant bias. She is just wasting tax dollars on political theatre. What makes the case even more ludicrous is any appraiser will tell you values can change depending on the requirements of those who are requesting them.
Too little too late, just like the balloon. I’m sure China got its use out of it and moved on, and the failed Biden administration knows it and are just making political theatre out of the potential ban.
Regulation has been increasing for decades. It does not solve the problem of a banking system run by inept politicians and bureaucrats, more regulations have only made it worse. Time for less government, no central bank, and a free market in banking where customers decide fore themselves and not rely on failed government to protect them.