I need some questions/talking points from those of you who understand the economic stuff....
🧐 Research Wanted 🤔
We have a Senate candidate who is a filthy rich investment banker. We need to be feeding him questions about the role of the Fed and other pertinent things but I don't understand it well enough to phrase the questions. We've got to sink this empty suit and quickly. Any help appreciated...
One thing about investment bankers. They have their own language that you won't understand and half the time even they don't understand it. 2008 happened because they fooled themselves with derivatives so complicated nobody could figure it out why the underlying assumptions were wrong. Attacking someone like this in his own domain is a mistake. You'll never win the argument. You need to take an asymmetric approach rather than "appropriate" questions.
Exactly 👆
u/Emyrylde , don’t play in a field you have no idea about, you will be far outgunned, bamboozled, and the conversation will be academic at best … the responses to your questions will either be corporate bullshit speak, or so far above your head you will be short-circuiting trying to understand how this asshole contributes to society in any meaningful way.
Keep it simple, pragmatic, on-the-ground, and REAL.
It’s also best to tailor the questions specific to the State you’re in.
3 areas to question him on…
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Inflation — “We were told repeatedly by the Fed that inflation was transitory, and assured it would pass, all the while we saw the prices of groceries, rent, (insert whatever else is top of mind local to you), rise by 15-20% on average… now, the Fed has raised the official inflation number to 7% which is far below actual prices …
1 = As an investment banker, what was your role in questioning the State and Federal Central Banks narrative during this time as you had access to much more in depth data than the general public? (This questions what he did during this time in his current role… you will get a bullshit/corpo answer, but the key is to see if he agrees with your data-driven question, or not. If he snakes his way out of data… you know he’s in on the take, period)
2 = If elected, what is your accountability plan towards your constituents as opposed to your colleagues in Wall Street? (This is a leading question to see how good he bullshits)
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Taxes — “under President Trump, the tax coded was simplified and reduced for the majority of hardworking Americans, this meant we were able to (1) earn more, and (2) pay less taxes on our hard earned money. This is not the case today, with the rise of prices due to inflation AND the increase in Taxes across both the State and Federal level… we are earning less, and paying more on taxes…
1 = As an investment banker, your tax obligation is very different compared to everyday Americans, do you have a plan to reduce the tax burden? If so, what is it? (a question to warm up his bullshit box)
2 = According to published data for both Congressman and Senators, the vast majority of their wealth are from investments in assets such as equities .. this ensures their tax burden is lessened and very much different from everyday Americans. Sir, if you may… would you be willing to give us an idea on where your net-worth is invested in? Will you commit to transparency? And as a follow up to that, how will we know you fully understand the challenges we face when you are not facing them yourself? (the sly politician will come up with some bullshit story about how he is like us because he’s been there, or use a family member or some friend as an example… the point here is to see if he projects OR if he is open to criticism)
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Investment thesis — “As an investment banker, your experience in ensuring the growth of your investments is paramount in ensuring we also invest in the growth of our State…
OK so this is where you would need to do your research. Look up the financials of the bank he runs/work at… and study the investments vehicles they have/contributed to. What you’re looking for is if the investments align to your objectives or not… so I’m going to make shit up down here, but you get the idea
1 = Sir, in this great State of XYZ, the biggest issue we have is a lack of investment in 123 … however, according to the financials for your Bank, you’ve hardly invested in our State specific to these issues. Why is this the case? (this question puts him in a position that you’ve done your damn homework and he can’t bullshit you on this)
2 = If elected, what would your Investment Thesis be for the great State of XYZ? (this is open ended, if he did his homework and has true conviction in his duty, he will easily list it out … the What, the Why, and the How)
—
At the end of the day, investment bankers DO NOT give a shit about the everyday American. Their JOB is to take advantage of you, this is what they do, be it intentional or not. The SYSTEM is designed this way… Wall Street is designed this way.
Well done!
E cellent questions and insights, I really hope op notices.
I didn't know autism came in an "interview" flavor. Interesting...
Joking aside: Brilliant reply my friend. Keep that brain well oiled. Tis' a work of art.
quality post, hat tip
Damn! You are the smartest guy in the room tonight! Thanks for covering this and the info you provided.
Fooled themselves? It was a perfect plan. They bailed themselves out while increasing their assets 100x from foreclosures. There was no foolery going on within the circle.
I second this statement.
2008, yep, that was the year my husband lost his job and the company he worked for for 25+ years, up and moved to Texas! Was a crap shoot few years after that.
Same can be said of lawyers.
“The Fed prints dollars and loans them to the government, who then pays back this loan with interest. Who owns the Fed and what have they done with the trillions of dollars of principal and interest they have collected over the years?”
Ask only questions you know the answers to. Cliche but yet; very true when especially it comes to congress and finance.
Most important question, ask him about the 30 trillions loaned to the big banks in 2008 that took 12 years to come out when Obama had told us that only 5 trillion was given in the quantitative easing.
I will put in more stuff tomorrow, pretty late here.
30 Trillion they just "invented".
< Insert: Maaaagic_Spongebob.gif. >
Ask him about the SEC not enforcing ban on naked shorting of stocks. This is illegal because it creates counterfeit shares of stocks. Hedge funds get slaps on wrist if they get caught.
Hedge funds have used naked shorting to drive perfectly good companies into the ground as well as they don’t close their positions while a bankrupted company’s stock price stays close to zero (this is called cellar boxing). They get out of paying taxes this way on gains because they never close the position there is no ‘gain’ to declare for tax purposes.
Zombie stocks sears and blockbuster,still around and spike up now and then......
Yep.
There’s more in the DD but there is a crazy (but what isn’t nowadays) theory that Bezos is in cahoots with Bain Capital and Citidel to short Amazon competition into the ground. Analogy is that it like a car theft ring and one acts to steal the cars (Citidel) and one acts like the chop shop (Bain capital to liquidate parts of the bankrupted companies) and Amazon acts like a fence orb huger of the liquidated parts. Something like that.
That high quality DD I read it all myself on superstonk,nothing crazy about it,those fukers are pure evil
I just wish I had access to buy blockbuster still so when it periodically goes up 6,000% in one day I could become a millionaire. Cellar boxing bastards.
We caught them this time,all we have to do is hodl.
FED by artificially lowering interest rates and creating inflation has made saving very unprofitable. Therefore capital has flowed into investments, almost all of which are consequently in a bubble.
Is it not true that through its policies FED has made the economy more fragile and more unproductive and is gradually destroying the wealth and purchasing power of average Americans?
Good one.
Yup.
Ask him why the Federal Reserve is a private corporation? Why US dollars need to be "loaned" by them at huge profit into existence?
The Fed collects interest for doing nothing In the 1920s the U.S. considered building a public works project, a hydro-electric dam at Muscle Shoals on the Tennessee River in Alabama. The project would cost an estimated $40 million. Congress was reticent to raise taxes or issue bonds (30-year bonds at 4% interest) at the time to fund the project. At the end of 30 years the project would cost an additional $48 million in interest! The inventor Thomas Edison and the industrialist Henry Ford stuck their noses into this project. Edison commented: “Any time we wish to add to the national wealth, we are compelled to add to the national debt.”
JFK was told the US would be crippled by inflationary debt This is what John F. Kennedy realized in 1963, that America was headed for financial ruin by printing more and more paper (or electronic) money and running it through the Federal Reserve Bank to lend out to community banks so Americans could buy houses and cars. But there was no provision for interest added. We were letting a guy (Fed Reserve) get a cut of the action by charging interest for doing nothing (not adding any value to the money). When someone else gets a cut for doing nothing, that is what we call mafia. That is what the central bank is — the mob, with a fancy building in Wash DC as cover for mobsterism. In 1963 JFK went around the “money changers” and printed $4 billion of silver-backed money. The fiat money boys (central bankers) would have none of it…… JFK was assassinated. The silver-backed dollars were quietly withdrawn from circulation. How anyone dare challenge the bankers (mob) and go around them.
https://www.darkmoon.me/2017/the-fabulous-wealth-of-the-rothschilds/
https://www.sgtreport.com/2021/06/rothschild-the-coded-warning-to-america/
What we find is that while median wages and salaries have increased by a paltry 9% over the past 35 years, corporate income is up 250% and Wall Street income is up almost 800%. And so over the decades this story line about policies targeting the middle class is absolutely, in every way, a total and complete fabrication. This chart doesn’t happen by accident nor could it be the result of honest mistakes. The above results expose the hidden agenda perpetrated by Congress and the Fed. The middle class is a patsy in a system designed to do exactly what it has done. International trade agreements and excessive money printing do help Wall Street and Corporate America but do not help the middle class. This is made absolutely clear in the above chart. And if you are one of those typically shallow regurgitators of the theories you’ve been told, well tell it to the facts above. It’s been said since about 2000, it has not been a recession, but a robbery!!
In 1980, the size of the world’s financial assets was equivalent to global GDP; in 2008, total financial assets were three times global GDP. In the 1960s, financial organizations accounted for 14 percent of corporate profits; by 2008 that had risen to 39 percent, further evidence that investment in the real economy is being abandoned in favor of speculative investment in the casino economy. In 2007, according to Paul Mason, UK pensioners had 30 percent of their pensions invested in speculative hedge funds, up from 5 percent just six years earlier. Canadians are hugely naive in largely thinking this is a US issue. The Bank of Canada was nationalized by the Mackenzie King government in 1938. King took the Keynesian message to heart and created interest-free money to help the country overcome the Depression, and the Bank of Canada still retains in its constitutional right to do so (but it doesn’t). In 2010, Canadians paid $165 million daily in interest charges on governmental debt of $519 billion — this is equivalent to $136 a week from a family of four. According to Richard Priestman and Connie Fogal, between 1939 and 1945 the Bank of Canada produced 62 percent or more of the national money supply interest-free. From 1945 to 1975 the Bank of Canada provided a significant proportion of capital for public needs — at a nominal rate of about one percent. A major source of low-cost capital to lend was the private Canadian banks that were obliged under Keynesian policies to hold statutory reserves interest-free in the Bank of Canada, which the public bank could then lend out for public works and benefits. Over many years this put over $120 billion in interest-free money at the disposal of the Canadian government. Inflation and speculative lending could be reined in by the Bank of Canada requiring the private banks to increase their statutory reserves to slow down credit expansion where necessary. Total federal debt in Canada was only $37 billion in 1975, and 22 percent was owed to the Bank of Canada. However, following the lead of Thatcher and Reagan, the Brian Mulroney government, which came to power in 1984, moved away from the statutory reserve system to so called “free markets” and the deregulation of the banking sector. Real long-term interest rates on Canadian government debt, which were 0.7 percent in 1980, escalated to 8.4 percent in 1984. After the policy shift, interest payable to the private banks on borrowing rose to levels from $5 billion to $8 billion a year on loans that had previously been virtually interest free. The use of the Bank of Canada to fund public projects has declined radically since. Interest rates on government debt rose to ranges of 6 to 18 percent in the 1980s, and the public debt soared to $408 billion in 1991 and then to $585 billion in 2000.
Your first link about "fabulous wealth of rothschilds" doesn't work;
I searched & found this. Is this the same article?
https://tradcatknight.blogspot.com/2017/02/the-fabulous-wealth-of-rothschilds.html
Thank you
I believe the states are the only legal entities that can coin currency. The whole "the Fed" is illegal under the law.
Hey op, please edit your comment and list the questions from the comments and label them Q1, Q2 etc ...
Then everyone can discuss to see if they are good questions.
For me, I would ask him about his stance on cryptos and see if he squirms or not. I'm assuming you're in America, so just tell him over 50 million Americans hold some form of cryptos so it's growing and not going away. Also you see cryptos are a hedge against inflation and acting what gold does in chaotic times.
Not sure how to form the question, I'm a very direct person and not very tactful, someone else can form it for you.
Ask point blank “name a nation with a central bank that was ever able to pay off its debt”
This is a very sculpted tactic I use.
Typically the answer now is: “Why would you want to? Debt gives you credit”
That answer is literally saying “debt is good cuz you can get more debt”
Once they stumble into that it’s Mexican hat dance on them if you know your shit.
Ask about the repeal of Glass Steagall, which allowed banks to gamble with deposited funds, and as a result a whole new breed of financial instruments.
Ask him does he believe the 2020 was won by Biden? Then ask him does he think that J6 are political prisoners.
Many a Republican has come undone and we saw immediately where they stood. One being Dan Cranshaw and this wolf.
MADDISON CAWTHORN. “What occurred on Capitol Hill was a perversion of patriotism,” the new Congressman tweeted on Jan. 7. Urging supporters to march to the Capitol was a “mistake on behalf of the president,” he told a local news channel. On Jan. 20, Cawthorn joined 16 other Republican freshmen in signing a letter congratulating Biden and expressed a desire to work with his Administration and “rise above the partisan fray,” and on Jan. 23, Cawthorn publicly condoned the election results after failing to come up with strong examples of fraud on air. “I think I would say that the election was not fraudulent,” he told CNN, adding, “I would say that Joseph R. Biden is our president.”
Keep it simple.
Do you agree that inflation is occurring? Is it a good thing or a bad thing? If it is a good thing, why? If it is a bad thing, why? What can be done to stop inflation, if it is a bad thing? If it is a good thing, why would we not want more inflation?
How does American household purchasing power today compare to household purchasing power from 25 years ago? 50 years ago? What are the causes of these changes?
What is the future of paper currency?
What is the future of digital currency?
Do we have enough regulations on banking now, or do we need more? If enough, why? If not enough, why?
What is your opinion on politicians becoming lobbyists after they retire from their political seats?
What limits should exist on lobbyists, and why?
What is the Glass Steagal Act, and how does it affect banking? How does it affect American citizens?
I can probably come up with some other fun ones.
And the US govt
the Credit Multiplier (and its effect on money creation) is the thing that actually controls inflation (and why banks fear runs).
control over this is what turns inflation on or off. understanding the concept will lead to groups of interesting questions, i believe.
it's also a pretty hard red pill.
You could ask him to explain.
"Can you explain why Government borrowing is necessary?"
Watch HIM squirm on that, he will know that it is, but does he know why? and any engagement with the idea that debt is good will turn-off potential voters, because most people only know it is not a good idea. At best for him, he will find himself making promises he can't keep!
There is nothing quite like the good question.
Just read "What has government done with our money" by Rothbard and then you will know.
Economics degree here. You should be more specific, are we talking FED, policy or general questions surrounding inflation, interest rates, theory, etc.
Or we could go in specific directions like legislation aimed at fatting the wallets of reps & senators.
Here is some questions I would ask if I was in a position to do so:
Who profits from the lending of money to banks from the FED?
What did all assassinated US presidents & almost assassinated President Andrew Jackson have in common? How are they different regarding Federal Banks? Money?
What is the famous Woodrow Wilson quote after his presidency ended? What did he do to make him say he ruined his country?
When Eustace Mullins called the FED a criminal syndicate, what did he mean?
If the main reason that the FED was installed for the 3rd time was to prevent recessions & depressions, why has their been a 5 fold increase in the above since it’s installment?
Why did Thomas Jefferson say he feared banks more than standing armies?
What backs the printing of money by the FED? Who relays the govt bond debt issued to the FED?
Why is the FED a public utility is the people are responsible for the debt? Why does that money go to intl bankers that are unaccountable?
Let me know if you this helps, I can write many more.
You know what's sad, you just named two of our choices. But the car salesman dropped out. We have a GREAT candidate but we need to pick off a couple well funded bozos to get him in the spotlight.
This will help (cartoon but has good info):
https://www.youtube.com/watch?v=mII9NZ8MMVM
Also this:
https://m.youtube.com/watch?v=NJd6RKsY5H4
I like this simple question: how will you represent the interests of the common citizen, and not fall prey to the massive lobbyist influences so many other politicians are seduced by?
Joe BURDEN doesn't understand economics either. Both BUrden and your Banker only understand graft pays well!
This book is [The Lords of Easy Money] (https://www.amazon.com/Lords-Easy-Money-Federal-American/dp/1982166630)
Was written to explain how all of this works—specifically for non investment banker types. Haven’t cracked it yet—getting through RFK Jrs Fauci book still.
Ask him a confusing question he will stutter with. Ask him how the fed anticipates raising rates and reducing QE will reduce inflation when production is down across the board and imports are up. And follow up with "How will an economy reliant upon QE for survival fair in the coming year"
buy DWAC
I would ask him if the Fed is going to follow classic capital formation tactics or theft?
Federal Reserve is a privately owned Jekyll island creation from cabal bankers. It is unconstitutional and Jesus would overturn their tables. They also killed anyone apposing with the titanic sinking. Here is what I would ask "how are taxes not theft"?
What's most important are that hedgies r fukt.
Most important, vote for anyone else!
No offense intended for anyone directly please. Though some of the articles can be considered “conspiracy” for “Normies” and “Awakened but Closed/Stubborn Minds”, this is one of the best sites besides my personal Crypto-News feed on Voyager for Economic News that MSM avoids a lot. And factually 85-90% of the time ends up being or coming true quickly. Here:
https://gesara.news/updates.html
Articles and some history is all saved on this site, as far as you can go back, unless of course it’s been removed. God bless you and you family Anon. WWG1WGA.
So last I checked we aren't a bunch of Bernie bros or squad members that hate people just because they're successful. Is the guy conservative?
EVERYBODY claims to be Conservative while they are running. He uses the word but doesn't understand it.