More on DJT
Why is DJT crashing again? Because of insider dumping.
The executives at former president Donald Trump's Truth Social venture are officially starting to cash out of its meme stock.According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.
CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.
Meanwhile, Trump is likely also getting ready to offload his 114 million TMTG shares — roughly 60 percent of the company's outstanding stock — as soon as next month. The six-month lockup period determined by the SEC is set to expire as soon as September 20, clearing the way for Trump to pull out.
As for Trump in particular.
Donald Trump dodged a contempt of court ruling in litigation over his Truth Social platform Tuesday, but a Delaware judge said she’ll hold his “deeply disappointing” legal tactics against him if he can’t color within the lines going forward.The judge repeatedly criticized the apparent gamesmanship by Trump and his attorneys, who filed a competing lawsuit in Florida seeking to zero out co-founders Andy Litinsky and Wess Moss. The two former contestants on Trump’s reality TV show The Apprentice are suing to prevent dilution of their 8.6% stake in Trump Media & Technology Group Corp., which operates the social media network.
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Not sure where to put this
so I'll just add it to this. If you are a bank, hedge fund, insurance company, pension fund, or any international exchange trader, treasuries are the same as money.
To put that into perspective, consider the rating agencies.
People who can think already know the fate of the US
.... regardless of who is elected to be the next US President. As a nation we are past the point of no return on the path of economic self-destruction. The rest of the West and Japan who followed along with our truly terrible decisions, will begin their own steep, century-long decline. Western Civilization is in the final countdown of this reality.
It took more than a half century of steady stupidity and subterfuge for us to get where we are now. There is no one to blame for this. We are toppling down the slope that Karma built. In my view, the final two acts of delusion that sealed the nation's fate came from both the Democrats and the Republicans.
1. During Trump's first term, the Democrats voted for Trump's new economic policies in large enough numbers to pass them all.
In particular, the Dems passed Trump's time-bomb Tax Cut Bill — which guaranteed two things: 1) The nation's wealth gains would continue to concentrate in hands of the very wealthy. 2) The government would be forced to greatly increase its borrowing just to pay the interest on its debt; and continued non-infrastructure spending would push the US into increased failed state conditions and poverty.
The risks were a clear known-known when the Dems decided to scrape together the votes to pass Trump's nation-destroying tax cut.
2. Biden's Presidential Handlers forced record-breaking increases in US spending in order to wage strategic proxy wars to destroy the economies of its foreign rivals. The Biden Presidency also enabled targeted human slaughter around the world. This ongoing atrocity of evil and greed , which is actively supported by most of the nations that comprise Western Civilization, forced the remaining nations of the world to establish a new economic solidarity. This new solidarity, which includes the BRICS and the Global South, has committed to distance themselves from the global-imperial leadership goals of the US and its Western allies. As a result, US hegemony — the weaponized Dollar — is losing its power and significance in the world. Alternative infrastructure for settling international trades has emerged. The US imposed unilateral sanctions that have harmed and killed foreign populations worldwide will soon be an obsolete nightmare from the past.
At this point, there is nothing that the US and the West can do, no policy they can devise, that will reverse the rise and the enduring vision of this new Global Majority. The US Presidential Election is completely irrelevant in the context of future global events. There is a new world order that is rapidly taking shape, one that is based on fairness and on a strong desire to build a happier and more prosperous world with a shared future for all humankind.
Utopia is always in reach when the mutant psychopaths are removed from governments.
You didn't bother to actually check this
The House passed the bill on November 16, 2017, on a mostly-party line vote of 227–205. No Democrat voted for the bill, while 13 Republicans voted against it. On the same day, companion legislation passed the Senate Finance Committee, again on a party-line vote, 14–12.[91] On November 28, the legislation passed the Senate Budget Committee, again on a party-line vote.[92] In the early morning hours of December 2, 2017, the Senate passed its version of the bill by a 51–49 vote. Bob Corker (R–TN) was the only Republican senator to vote against this version of the bill and it received no Democratic Party support.
You are correct. The Dems did not mount
....a credible opposition to the Tax Cut Bill and they did not sway a single vote. And, in four years of not even trying, Biden's Handlers had no intention of reversing what would prove to be a self-inflicted economic disaster. Everyone involved in passing the Bill had a conflict of interest. The tax cut rules were designed to significantly benefit their demographic.
It was my mistake to mention the Political Parties at all and scrabble together poorly remember details of the passage of the nation-destroying Tax Cuts and Jobs Act. ('Jobs' lol.) It appears that I am blaming one Party or another for enacting this legislative suicide.
But that is just not my intention. I am thoroughly aware that the instant-millionaires who are elected to Congress or appointed to the Supreme Court are paid for their votes by national and international Plutocrats. I do expect them to vote accordingly on issues related to finance, corporations, defense expansion, military aggression against rival nations, trade sanctions and related acts of war, and doomed-to-failure boycotts like the 'Chips Act.' Never have I bought into the silly two-party kabuki generated by the Plutocrat controlled Federal Government. Or, tried to convince anyone that the two-party kabuki was real or was a sign of a working Democracy for the People..
Although I disagreed with the Tax Cut legislation on moral and humanitarian grounds, I do applaud the dramatic performance that Congress put on in passing it. The Bill would pass no matter which party controlled Congress. The outcome had been purchased by Our Plutocrat Overlords. The Supreme Court made such transactions legal. Thus, the instant millionaires and insider traders otherwise known as the Elected Government. In a decent nation, they would be banned from government..
The Tax Cut Bill is a legislative IED that has undermined the entire US economy. You may not be able to see this now — but you will. And, thank god the legislation passed sooner rather than later because it is set to trigger economic events that will cut the US off at the knees in its murderous attempt to impose its own rules upon the world. The Bill became law on December 22, 2017, a date that should be memorialized. Before the Law expires at the end of 2025 it will help incubate a financial situation that will destroy the credit worthiness of the US, and relocate the nation to the distant margins of international geopolitics. (Together with the massive blowback from the catastrophic decisions of the Neocon coup government.) Most ionically, the US Tax Cut Bill will be responsible for saving millions, perhaps billions of innocent lives around the world.
Looking Back: Had the Democrats not absorbed the worst of the Neocons and the CIA into their Party — and had they not broken their morality-based coalition with the Left and the Progressives — the Democratic Party would not have lost control over both Houses for the first time in nearly a century. Could the Democratic Party have extracted itself from the Uniparty Blob; could the Democrats have stopped the US from becoming the international horror that it is?
Now that I know what I know, I doubt it. The sheer number of unelected psychopaths holding positions of authority in the Federal Government would make that impossible.
My bad for posting on your essay.
Tax cut stuff
Those tax cuts expire next year.
Are you sure? I think that is a bit nihilistic.
Maybe, but you do realize what it will do to people like you and I, right?
@gjohnsit
I assume what happens to People would be somewhat like life in Argentina after they defaulted on their loan payments. Beginning in 2025, How will the US make the first of three trillion-dollar interest payments that year? The Treasury market could start the year with a high-risk rating. Ratings agencies are aware that in 2025 the US economy will also be impacted by global de-dollarization, the return of high inflation, an enormous US trade deficit, which may cause shortages, and a cratering Treasury market due to the high-risk of a US default during 2025.
The Middle Class will be the first to feel the economic stress. The government will need to choose between foreign wars and deadly weapons ... OR... stabilizing the domestic economy with grants, subsidies, welfare, unemployment, small loans, and expanded health services to protecting the People (many people will lose their jobs and face eviction, while inflation will continue to rise. There will be shortages, price spikes, and hoarding. Without rations, the middle class and poor won't be able to afford necessities like eggs, butter, sugar. etc.
Sober economists say conditions in the US will be similar to the Great Depression. A bit worse, perhaps because a large number of the domestic population will be living outside year round. (The US has refused to build affordable housing since Reagan.) In order to secure domestic tranquility and care for the needs of the American people — without the ability to borrow money — the US government must end its destructive Neocon wars, military spending must be limited, and US foreign bases need to be closed and soldiers brought home. There are not enough revenues to do both.
I don't understand. What will taming US aggression with economic restrictions do to people like you and I? There would be no reason for us to struggle to warn people and get the truth out. The truth will be all too obvious. USians will get by with the government's help. That's the reason we formed a government in the first place. To create and maintain public infrastructure, to protect and regulate shared resources, to spread out and share risks to lessen their impact, and to facilitate survival and recovery. I don't know how long the hard times will last. So many horrible decisions and bad laws are in place, while so many necessary regulations have been stripped away. I personally do not believe this government can be improved through reform. Too many psychopaths clinging to power. It's up to the People to decide that, and to write the rules that government must follow. Politicians are not involved They don't get to write the rules for themselves. The can vote to ratify like everyone else.
spot on Pluto
.
.
have been advocating for this a long while now
take care of the domestic issues before policing
the whole damn planet is priority number uno IMO.
But then I don't work for Wall Street, Blackrock or Raytheon et.al.
question everything