Essential Economics for Politicians

nononono said:
The above described dilemma that has been brought on by the very greed of
these two states ( New York & California ) politicians is a sleeping giant that
is looming in the dark. California for example has a massive, and I mean
massive problem with their pension programs.....
Then there is the infrastructure in just these two states that is in need of
major repairs, and it only gets worse by the day.
Jerry Brown played a shell game with California’s budget to stave off the inevitable
explosion of the very under funded pension plans.....
Gov Gavin Gruesome is going to have to institute some drastic measures that
state pensioners will not appreciate at all, measures that should have been done
years ago at the least......
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But, but Ca is the 6th largest economy in the world.
 
messy said:
You mean borrow $2m, ie 66.6% of the purchase price, at 3.05% or thereabouts and just not have it amortized?
I will pay you $10K to bring me that deal.
So is your answer more hallucination than a realistic answer?
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How did you come up with my fee?
 
Venezuela is a “ Model “ for Socialism at the present....that “ Model “ is
held together by nothing more than fear and thugs. And the thugs are
losing ground to reality.....that reality is failure. Failure brought on by
lies, corruption, thuggery, theft......all the nice things in Socialism.
 
Bank Employee Charged with Fraud; Accused of Laundering Money for Fentanyl Traffickers
Assistant U. S. Attorney Blanca Quintero (619) 546-7118

NEWS RELEASE SUMMARY – May 9, 2019

SAN DIEGO – Leopoldo Aguilera, a former Wells Fargo personal banker, appeared in federal court today in connection with charges that he used his position to launder millions of dollars for Mexico-based drug traffickers.

Aguilera was arrested by FBI agents on May 2, 2019, on charges of bank fraud for his participation in an international money laundering organization based in Tijuana, Mexico, and which operated primarily in San Diego.

At today’s hearing, U.S. Magistrate Judge Jill L. Burkhardt allowed the defendant to be released on a $40,000 bond secured by two financially responsible adults. The judge also ordered that the defendant be subject to home detention and GPS monitoring.

According to the complaint, Aguilera abused his position of trust as a personal banker with Wells Fargo Bank and aided the money laundering organization by wire transferring millions of dollars to Mexico. The FBI’s investigation linked these funds to the sale of narcotics, specifically the sale of multi-kilogram amounts of fentanyl in the Midwest.

According to the complaint, with the knowledge of the money laundering organization’s structure, scheme, and objectives, Aguilera performed a litany of financial transactions for the criminal organization. For instance, he opened 26 bank accounts at Wells Fargo Bank and executed 229 international wire transfers totaling $7.4 million.

Of the 26 bank accounts that Aguilera opened for the organization, 11 of them were created by Aguilera with fictitious identities. Specifically, Aguilera used his position as a personal banker with Wells Fargo Bank to knowingly enter false names, passport numbers, and dates of birth on the 11 fictitious bank accounts. These fictitious bank accounts alone were used by the criminal organization to wire transfer a total of $3.1 million to Mexico, the vast majority of those wire transfers conducted by Aguilera himself.

As part of the investigation, the FBI identified and seized 17 bank accounts that belonged to the organization and which contained at least $160,000 at the time of the seizure of the funds.

The investigation found that Aguilera had received approximately $4,000 in cash payments from the criminal organization in exchange for his participation in the scheme.

The case was investigated by the FBI San Diego Cross Border Violence Task Force and the U.S. Attorney’s Office for the Southern District of California. The investigation was assisted by the participation of Wells Fargo Bank’s internal investigators in Arizona and California. This case is being prosecuted by Assistant U.S. Attorney Blanca Quintero.
 
Bruddah IZ said:
Bank Employee Charged with Fraud; Accused of Laundering Money for Fentanyl Traffickers
Assistant U. S. Attorney Blanca Quintero (619) 546-7118

NEWS RELEASE SUMMARY – May 9, 2019

SAN DIEGO – Leopoldo Aguilera, a former Wells Fargo personal banker, appeared in federal court today in connection with charges that he used his position to launder millions of dollars for Mexico-based drug traffickers.

Aguilera was arrested by FBI agents on May 2, 2019, on charges of bank fraud for his participation in an international money laundering organization based in Tijuana, Mexico, and which operated primarily in San Diego.

At today’s hearing, U.S. Magistrate Judge Jill L. Burkhardt allowed the defendant to be released on a $40,000 bond secured by two financially responsible adults. The judge also ordered that the defendant be subject to home detention and GPS monitoring.

According to the complaint, Aguilera abused his position of trust as a personal banker with Wells Fargo Bank and aided the money laundering organization by wire transferring millions of dollars to Mexico. The FBI’s investigation linked these funds to the sale of narcotics, specifically the sale of multi-kilogram amounts of fentanyl in the Midwest.

According to the complaint, with the knowledge of the money laundering organization’s structure, scheme, and objectives, Aguilera performed a litany of financial transactions for the criminal organization. For instance, he opened 26 bank accounts at Wells Fargo Bank and executed 229 international wire transfers totaling $7.4 million.

Of the 26 bank accounts that Aguilera opened for the organization, 11 of them were created by Aguilera with fictitious identities. Specifically, Aguilera used his position as a personal banker with Wells Fargo Bank to knowingly enter false names, passport numbers, and dates of birth on the 11 fictitious bank accounts. These fictitious bank accounts alone were used by the criminal organization to wire transfer a total of $3.1 million to Mexico, the vast majority of those wire transfers conducted by Aguilera himself.

As part of the investigation, the FBI identified and seized 17 bank accounts that belonged to the organization and which contained at least $160,000 at the time of the seizure of the funds.

The investigation found that Aguilera had received approximately $4,000 in cash payments from the criminal organization in exchange for his participation in the scheme.

The case was investigated by the FBI San Diego Cross Border Violence Task Force and the U.S. Attorney’s Office for the Southern District of California. The investigation was assisted by the participation of Wells Fargo Bank’s internal investigators in Arizona and California. This case is being prosecuted by Assistant U.S. Attorney Blanca Quintero.
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40k?
I think he might be considered a flight risk.
 
Funny watching the liberal MSM discuss the alleged “crippling” effects of tariffs with liberal politicians who love taxes but know that tariffs will weaken their battle cry, “vote for us, we’ll raise your taxes” if Trumps already raised taxes. Lol! Fries U! What a freakin’ deal!
 
Bruddah IZ said:
Funny watching the liberal MSM discuss the alleged “crippling” effects of tariffs with liberal politicians who love taxes but know that tariffs will weaken their battle cry, “vote for us, we’ll raise your taxes” if Trumps already raised taxes. Lol! Fries U! What a freakin’ deal!
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You're so good about economics.
Last I checked, (a) you said you would take $250K of available cash and sink it into a house you already own, so you would "have more equity to borrow against and (b) QE, such as Obama and co. did in 2009-10, causes inflation...when there has been no inflation.

If it weren't true, nobody with a brain could believe that the above-described idiot pops off on a blog about economics!
 
messy said:
You're so good about economics.
Last I checked, (a) you said you would take $250K of available cash and sink it into a house you already own, so you would "have more equity to borrow against and (b) QE, such as Obama and co. did in 2009-10, causes inflation...when there has been no inflation.

If it weren't true, nobody with a brain could believe that the above-described idiot pops off on a blog about economics!
Click to expand...
Sorry. You flunked a long time ago. This is not Fries U. Run along now. Maybe whiskers can help you with his vast econ knowledge.
 
]Interest rates are prices. They impart information. They tell a business person whether or not to undertake a certain capital investment. They measure financial risk. They translate the value of future cash flows into present-day dollars. Manipulate those prices — as central banks the world over compulsively do — and you distort information, therefore perception and judgment.

Interest rates ought to be discovered in the market, not administered from on high. They can’t do their essential work if someone, say a central bank, is muscling them around. Let’s get the central banks out of the business of using interest rates — and stock prices and exchange rates, too – as instruments of national policy. Today, investors live in a hall of mirrors: They don’t know which values are real and which are distorted by monetary manipulation. Market-determined rates will help restore clarity.--http://www.nationalreview.com/article/441128/james-grant-monetary-manipulation-must-end
 
Six Things to Consider About Inflation

As an economic term, “inflation” is shorthand for “inflation of the money supply.”

The general public, however, usually takes it to mean “rising prices” which is not surprising since one of the common effects of an increase in the money supply is higher prices. However, supporters of government policy often say, “If quantitative easing (QE) and its terrible twin, fractional reserve banking, are so awful, why have we got no inflation?”

To address this conundrum, there are six related factors that are noteworthy:

https://mises.org/blog/six-things-consider-about-inflation
 
Bruddah IZ said:
Six Things to Consider About Inflation

As an economic term, “inflation” is shorthand for “inflation of the money supply.”

The general public, however, usually takes it to mean “rising prices” which is not surprising since one of the common effects of an increase in the money supply is higher prices. However, supporters of government policy often say, “If quantitative easing (QE) and its terrible twin, fractional reserve banking, are so awful, why have we got no inflation?”

To address this conundrum, there are six related factors that are noteworthy:

https://mises.org/blog/six-things-consider-about-inflation
Click to expand...
What the F are you talking about? Blowhard.
 
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