Another Thing trump Takes Credit For Turns To Shit

[Earl]

There is an age where you get full benefits whether you work or not, so it would not make sense to refuse. It is refusing free money. I intend to start collecting as late as I can, but I certainly will not turn it down.

It is a fixed benefit pension, so is a very good deal if you live a long time. It is a bad deal if you die before getting benefits. It is nowhere near the worst investment vehicle.

Walter, I worked Civil Service, retired with a Civil Service pension.

Not enough quarters to qualify. It would have reduced my Civil Service pension if I had.

If you die after reaching SS age, you will have gotten zero return and none of the money contributed.,

 

[Earl]

LMAO...he paid $50/bbl too much! As for the first part of your nonsense, all you have to do is listen to him, or read his tweets.

"Demand for crude has plummeted as a result of the coronavirus pandemic, and the price war between Saudi Arabia and Russia that added more crude to an already-oversupplied market.

Trump said he’d like Congress to approve any action. Last month, Congress left oil for the SPR out of the $2 trillion stimulus package.

The president called negative oil a “short-term” phenomenon and said, “this is a great time to buy oil and we’d like to have Congress approve it.” He also said “at a minimum” the government would charge for storage in the reserve."
marketwatch.com

 

[Ralph]

Excellent, Ralph, though some of the far left loons will not understand it.

Too many polysyllabic words.

These people are really stupid......Trump is taking away their power base while documenting every lie, every attempt to frame him with propaganda based fake evidence, all of which will be used in our revamped court system (Trump has removed many of left wing judges that was on the payroll of the globalists)

He's removing their ability to use the Federal Reserve and international globalist organizations like the world central banks, the WHO, the United Nations (that launder money and bring it back into the bank coffers of the corrupt paid politicians and their families).....all the international trade organizations that have robbed the tax payers of the United States for almost 30 years now.....he's shut down the illegal immigration that has allowed the drug thugs and human traffic networks (the CIA no longer has the hidden bank accounts nor the alien manpower to carry out evil events that harm our children while the dems pretend to care about our children......the attacks on the 2nd amendment have almost ended because the source of the events have been prevented from being paid or blackmailed by the evil CLOWNS...……

You will know the end is near when there is a ton of indictments in relation to human trafficking and child porn (and worse)...these people are pure evil......Trump's administration has all the dirt that the media attempted to cover up in relation to Epstein and his ties to the CIA (who used Epstein to garner information that could be used to blackmail and control a great many important and powerful politicians and business people to include many people in Hollywood...….When the peoples eyes have been opened to the evil that these people have engaged...they will not be able to walk down the streets...…..

You can taste the panic and fear in the air.....as this latest event peters out (the planneddemic) with months remaining until the election (they hoped to get rid of Trump and wanted to shut down the nation until the election so they can use MAIL IN BALLOTS to cheat their way back into power......its failing, the Trump administration is presenting documentation of election corruption through the use of absentee ballots ranging back over the past 3 elections where over 40 million people have been robbed of their votes.

Again.....its going to be warm spring and a hotter SUMMER. Trump is about to uncage the punishers.....BARR/DURHAM. Relax, get some popcorn and watch the show which is now in the middle of ACT 3

 

[Walt]

He said he could end the OPEC oil price war and he did ... OPEC agreed to reduce production by 10% ... but that doesn't mean anything with low demand.

So his "success" doesn't mean a thing, and his failure is the most epic market malfunction in the history of markets. And let me guess, you never want any investigation into what happened to cause that huge failure?

Claiming President Trump's energy policies have been a failure just makes you look ill informed

trump's energy policy is objectively, not just a failure, but one of the greatest failures of all time. Your only defense at this time is that it was sound, just epically unlucky.

Why were oil shipments still be delivered, if there was nowhere to put them? The oil industry has a lot of experience in driving up oil prices by withholding supply. It is illegal market manipulation, but we have to live with it. This time huge amounts of shipments were all scheduled for the same time. Where were the market manipulators?

There is one entity legally allowed to manipulate markets, and it is lead by trump. He was actively manipulating the markets when the worst coordination in the history of markets happened. Let me guess again, you never want any investigation into what happened to cause that huge failure?

My theory: trump likes telling everybody they are the ones getting the really good deal, and he is not a details person. Nor is he good at making good deals. he usually assumes he can just remake the deal in his own favor when it ends miserably. Everyone wanted to be the one to get to sell as much oil as quickly as possible, while everyone else restricted their sales to nothing. I would bet that trump just said yes to everyone, and then figured he would be able to fix the mess to his favor when it inevitably happened.

Or maybe someone planned to get either America or trump personally. It would have to either be the oil companies or OPEC+, both groups are among trump's strongest backers. I mean we are talking about Putin possibly being behind this.

Whatever it is, it is one of the biggest failures in the history of failures. As far as the oil industry is concerned, this is not a recession, or depression, it is a dark ages that will last for hundreds of years.

 

[Earl]

So his "success" doesn't mean a thing, and his failure is the most epic market malfunction in the history of markets. And let me guess, you never want any investigation into what happened to cause that huge failure?



trump's energy policy is objectively, not just a failure, but one of the greatest failures of all time. Your only defense at this time is that it was sound, just epically unlucky.

Why were oil shipments still be delivered, if there was nowhere to put them? The oil industry has a lot of experience in driving up oil prices by withholding supply. It is illegal market manipulation, but we have to live with it. This time huge amounts of shipments were all scheduled for the same time. Where were the market manipulators?

There is one entity legally allowed to manipulate markets, and it is lead by trump. He was actively manipulating the markets when the worst coordination in the history of markets happened. Let me guess again, you never want any investigation into what happened to cause that huge failure?

My theory: trump likes telling everybody they are the ones getting the really good deal, and he is not a details person. Nor is he good at making good deals. he usually assumes he can just remake the deal in his own favor when it ends miserably. Everyone wanted to be the one to get to sell as much oil as quickly as possible, while everyone else restricted their sales to nothing. I would bet that trump just said yes to everyone, and then figured he would be able to fix the mess to his favor when it inevitably happened.

Or maybe someone planned to get either America or trump personally. It would have to either be the oil companies or OPEC+, both groups are among trump's strongest backers. I mean we are talking about Putin possibly being behind this.

Whatever it is, it is one of the biggest failures in the history of failures. As far as the oil industry is concerned, this is not a recession, or depression, it is a dark ages that will last for hundreds of years.

"it is a dark ages that will last for hundreds of years."

LOL.

Hyperbole is great...in moderation.

 

[Walt]

Walter, I worked Civil Service, retired with a Civil Service pension. Not enough quarters to qualify. It would have reduced my Civil Service pension if I had.

Yes, that is the one reason that actually makes sense.

If you die after reaching SS age, you will have gotten zero return and none of the money contributed.,

Yes, if you die before you reach retirement, you have gotten zero. If you retire and live for decades, it gives you reliable returns you could not otherwise get. So it acts as an insurance policy, thus its name Social Security INSURANCE.

 

[Althea]

"Demand for crude has plummeted as a result of the coronavirus pandemic, and the price war between Saudi Arabia and Russia that added more crude to an already-oversupplied market.

Trump said he’d like Congress to approve any action. Last month, Congress left oil for the SPR out of the $2 trillion stimulus package.

The president called negative oil a “short-term” phenomenon and said, “this is a great time to buy oil and we’d like to have Congress approve it.” He also said “at a minimum” the government would charge for storage in the reserve."
marketwatch.com

A month ago trump bragged about 'buying oil at a great price' for the reserves. Of course, he lies every time he opens his mouth, so who knows if he actually did so.

 

[Earl]

These people are really stupid......Trump is taking away their power base while documenting every lie, every attempt to frame him with propaganda based fake evidence, all of which will be used in our revamped court system (Trump has removed many of left wing judges that was on the payroll of the globalists)

He's removing their ability to use the Federal Reserve and international globalist organizations like the world central banks, the WHO, the United Nations (that launder money and bring it back into the bank coffers of the corrupt paid politicians and their families).....all the international trade organizations that have robbed the tax payers of the United States for almost 30 years now.....he's shut down the illegal immigration that has allowed the drug thugs and human traffic networks (the CIA no longer has the hidden bank accounts nor the alien manpower to carry out evil events that harm our children while the dems pretend to care about our children......the attacks on the 2nd amendment have almost ended because the source of the events have been prevented from being paid or blackmailed by the evil CLOWNS...……

You will know the end is near when there is a ton of indictments in relation to human trafficking and child porn (and worse)...these people are pure evil......Trump's administration has all the dirt that the media attempted to cover up in relation to Epstein and his ties to the CIA (who used Epstein to garner information that could be used to blackmail and control a great many important and powerful politicians and business people to include many people in Hollywood...….When the peoples eyes have been opened to the evil that these people have engaged...they will not be able to walk down the streets...…..

You can taste the panic and fear in the air.....as this latest event peters out (the planneddemic) with months remaining until the election (they hoped to get rid of Trump and wanted to shut down the nation until the election so they can use MAIL IN BALLOTS to cheat their way back into power......its failing, the Trump administration is presenting documentation of election corruption through the use of absentee ballots ranging back over the past 3 elections where over 40 million people have been robbed of their votes.

Again.....its going to be warm spring and a hotter SUMMER. Trump is about to uncage the punishers.....BARR/DURHAM. Relax, get some popcorn and watch the show which is now in the middle of ACT 3

Yes, I'm hearing at least 10 indictments...so far.

It's coming like the Four Horsemen of the Apocalypse

Don't mess with Durham.

The Democrat forced ballot mail in scheme won't pass Supreme Court muster.

It changes the election laws no matter what the far left loons say.

They have lost and will continue to lose.

 

[Earl]

A month ago trump bragged about 'buying oil at a great price' for the reserves. Of course, he lies every time he opens his mouth, so who knows if he actually did so.

Did you miss this.?

"Congress left oil for the SPR out of the $2 trillion stimulus package."

 

[Althea]

"Demand for crude has plummeted as a result of the coronavirus pandemic, and the price war between Saudi Arabia and Russia that added more crude to an already-oversupplied market.

Trump said he’d like Congress to approve any action. Last month, Congress left oil for the SPR out of the $2 trillion stimulus package.

The president called negative oil a “short-term” phenomenon and said, “this is a great time to buy oil and we’d like to have Congress approve it.” He also said “at a minimum” the government would charge for storage in the reserve."
marketwatch.com

US President Donald Trump bought oil for the Strategic Petroleum Reserve a month ago at $30 a barrel.With US oil prices plunging into negative territory on Monday, questions were raised about the administration’s measure.The president directed the US Department of Energy to purchase crude oil in mid-March.“We’re going to fill [the strategic reserve] right up to the top, saving the American taxpayer billions and billions of dollars, helping our oil industry,” Trump said at the time.The president, who often brags about his deal-making capabilities, went as far as claiming that he was “saving the American taxpayer billions and billions of dollars.”

I thought it was $40

 

[Walt]

"it is a dark ages that will last for hundreds of years."

LOL.

Hyperbole is great...in moderation.

This is the greatest market malfunction in human history. Oil was at NEGATIVE $30 a barrel. People are going to remember this for thousands of years. Long after 9/11 means nothing, and the Pearl Harbor Attack is forgotten, investors will remember this.

The oil industry needs a lot of cheap capital to produce oil. They could get that cheap capital because investors underestimated the risk. That is no longer the case. Investors will be calculating in the risk of NEGATIVE $30 a barrel for the rest of the lifetimes of anyone alive today.

And we are not even getting started on the lines of credit that any modern business depends on. Giving a haircut is one thing, we are in the territory of demanding a year or two new credit for absolutely no pay.

 

[Earl]

Yes, that is the one reason that actually makes sense.



Yes, if you die before you reach retirement, you have gotten zero. If you retire and live for decades, it gives you reliable returns you could not otherwise get. So it acts as an insurance policy, thus its name Social Security INSURANCE.

Can you reliably live on this...

In 2020, the average monthly benefit for Social Security recipients is just $1,503. That includes the 1.6% cost-of-living adjustment that takes effect this year. Prior to that raise, the average monthly benefit was $1,479.

 

[Earl]

I thought it was $40

Brent Crude is 20 dollars and change today.

The sky isn't falling.

 

[Earl]

This is the greatest market malfunction in human history. Oil was at NEGATIVE $30 a barrel. People are going to remember this for thousands of years. Long after 9/11 means nothing, and the Pearl Harbor Attack is forgotten, investors will remember this.

The oil industry needs a lot of cheap capital to produce oil. They could get that cheap capital because investors underestimated the risk. That is no longer the case. Investors will be calculating in the risk of NEGATIVE $30 a barrel for the rest of the lifetimes of anyone alive today.

And we are not even getting started on the lines of credit that any modern business depends on. Giving a haircut is one thing, we are in the territory of demanding a year or two new credit for absolutely no pay.

Brent Crude is 20 dollars and change.

The sky isn't falling.

 

[Earl]

"Thousands of years."

Perhaps millions of years.

lol

 

[Earl]

The president called negative oil a “short-term” phenomenon.

It lasted about 9 micro seconds.

 

[Geeko Sportivo]

A week ago, trump was taking credit for stabilizing oil prices, and now oil is at NEGATIVE $30 a barrel. I did not even think this amount of instability was possible. trump is failing well beyond our worst nightmares.

Some of it is bad luck. No matter how incompetent, no one could fail this badly.

But a lot of it is trump's personal failings. he fails to think, and he fails to listen... But he also fails in an interesting way. he totally fails to make deals. he lacks the ability to get people to agree to things in detail.

You have to give some credit for Donnie admitting that this current price has more to do with the Stock Market than the price of oil!

But, then again, someone probably had to tell him that!

Notice Donnie threw in his plug for below "0" FRB interest rates at one of his WHITE HOUSE PRESS REALITY TV SHOWS this week that he's been begging for!

RIDICULOUS! The FRB is not going to ever do that. LOL!

 

[Walt]

Yes, I'm hearing at least 10 indictments...so far.

The article that you cited for that turned out to be SATIRE, so you might as well hear that there are unicorns.

The fact is the trump campaign/administration has had dozens of convictions against it. trump's campaign chairman, personal lawyer, campaign foreign policy advisor, administration foreign policy advisor, etc. have all been convicted. No previous President has had any of those positions convicted. Obama's Administration was boringly clean.

Clinton has been investigated more than a hundred times, over 30 years, and they got her on nothing. There were 28 investigations of Benghazi, and nothing.

Meanwhile, trump's "charity" has admitted to gross misconduct when trump ran it. trump is even suing his accountant and bank to keep them from turning themselves in for lighter punishments.

They have lost and will continue to lose.

trump won a single election. That is not a pattern.

trump lost the House for the Republicans. he has a shot at getting reelected, but no shot at retaking the House. he will certainly lose seats in the Senate, but may keep the majority... Or maybe not.

 

[Earl]

You have to give some credit for Donnie admitting that this current price has more to do with the Stock Market than the price of oil!

But, then again, someone probably had to tell him that!

Notice Donnie threw in his plug for below "0" FRB interest rates at one of his WHITE HOUSE PRESS REALITY TV SHOWS this week that he's been begging for!

RIDICULOUS! The FRB is not going to ever do that. LOL!

The president is a multi-billionaire per Forbes.

What are you, a multi-hundredaire?

 

[Walt]

"Thousands of years."

Perhaps millions of years.

lol

After this is no longer remembered as facts, it will be remembered as myth. The myth of Troy turned out to be based on facts that had been forgotten.

This is uniquely bad news.