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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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13 minutes ago, BillStime said:


TRIGGERED much?

 

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You can even access memes from detention. You’re almost ready to go out in the world and make something of yourself. Is there someone at the junior high I can speak to in order to advocate on your behalf. You’re going to make a fine adult! 

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18 minutes ago, SoCal Deek said:

You can even access memes from detention. You’re almost ready to go out in the world and make something of yourself. Is there someone at the junior high I can speak to in order to advocate on your behalf. You’re going to make a fine adult! 

Stop giving him a response, it’s literally all that waste of oxygen craves. Just put his profile on ignore and let him waste his life screaming into the void.

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6 minutes ago, gobills404 said:

Stop giving him a response, it’s literally all that waste of oxygen craves. Just put his profile on ignore and let him waste his life screaming into the void.

I am the void. 😉 Or at least that’s what my wife says. 

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4 hours ago, All_Pro_Bills said:

  We need a real plan produced by electrical & civil engineers and other professions, One that will work.  Not pronouncements from political idiots. 

 

We already have it.

Electrolyzers and fuel cells.

No need for the distribution grid.

A refrigerator sized one can produce the same power as a football field span of solar panel, and they do not require sunlight.

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Jamie Dimon warns of an economic 'hurricane' coming: 'Brace yourself'


JPMorgan CEO: 'Brace yourself' for coming economic trouble

"I said there were storm clouds. But I'm going to change it. It’s a hurricane," he said during a conference hosted by AllianceBernstein Holdings. "Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself."

 

There are two main issues that Dimon said are worrying him: The Federal Reserve moving to unwind its $8.9 trillion balance sheet, deploying a less-known tool known as quantitative tightening that will further tighten credit for U.S. households as officials try to tame red-hot inflation.

 

The rundown of the Fed's portfolio is poised to begin on Wednesday at an initial combined monthly pace of $47.5 billion. The Fed will increase the runoff rate to $95 billion by September, putting the central bank on track to reduce its balance sheet by about $3 trillion over the next three years. 

 

"We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years," Dimon said. 

 

https://www.foxbusiness.com/economy/jamie-dimon-warns-economic-hurricane-fed-races-cool-inflation

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4 minutes ago, sherpa said:

 

We already have it.

Electrolyzers and fuel cells.

No need for the distribution grid.

A refrigerator sized one can produce the same power as a football field span of solar panel, and they do not require sunlight.

Fuel cells have been around for a few decades and several companies have been tinkering around with the technology with some niche products.  The concept itself was demonstrated in the 1800's.  Combine hydrogen and oxygen and you get combustion and water as output.  Fuel cells can be very efficient which provides a solution to many needs. 

But unless you have a lot of "free" hydrogen floating around and available the problem is the energy to produce hydrogen is most often greater than the amount of energy the recombination of hydrogen and oxygen produce.  And most of the current hydrogen production processes depend on other energy inputs to produce the gas.  Its the financial equivalent of spending a dollar to earn 80 cents.  I just can't imagine the technology scaling up to the necessary level unless the idea of using nuclear fission or fusion reactors to produce the gas could be scaled up.  Or some yet to be discovered technology.   

 

 

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2 hours ago, All_Pro_Bills said:

Fuel cells have been around for a few decades and several companies have been tinkering around with the technology with some niche products.  The concept itself was demonstrated in the 1800's.  Combine hydrogen and oxygen and you get combustion and water as output.  Fuel cells can be very efficient which provides a solution to many needs. 

But unless you have a lot of "free" hydrogen floating around and available the problem is the energy to produce hydrogen is most often greater than the amount of energy the recombination of hydrogen and oxygen produce.  And most of the current hydrogen production processes depend on other energy inputs to produce the gas.  Its the financial equivalent of spending a dollar to earn 80 cents.  I just can't imagine the technology scaling up to the necessary level unless the idea of using nuclear fission or fusion reactors to produce the gas could be scaled up.  Or some yet to be discovered technology.   

 

 

Good analysis.  Also most fuel cell designs employ an expensive anode (made from a noble metal like platinum) or a membrane which degrades over time.  Either implementation results in a product that is not competitive.

 

We have an air source heat pump heating our pool and will install a vertical loop geothermal/heat pump in the next few years as it's getting more difficult for me to harvest wood.  Of all the renewable technologies, IMO the heat pumps are the best bang for the buck dependent on the heat source it is replacing.  We looked at installing solar and the payback in NH is 10 years, assuming they don't eventually add the property value increase of solar panels to our already high property taxes.   

 

And yes, I am an Electrical Engineer!

😀

   

Edited by Precision
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Biden's EPA finalizes ethanol, biodiesel blending requirements, requiring largest amount on record

 

https://www.yahoo.com/video/bidens-epa-finalizes-ethanol-biodiesel-221516147.html

 

Problem is more ethanol means more corn diverted from food products which means higher food prices.  Its a pick your poison choice.

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1 hour ago, All_Pro_Bills said:

Biden's EPA finalizes ethanol, biodiesel blending requirements, requiring largest amount on record

 

https://www.yahoo.com/video/bidens-epa-finalizes-ethanol-biodiesel-221516147.html

 

Problem is more ethanol means more corn diverted from food products which means higher food prices.  Its a pick your poison choice.

 

Don't underestimate Demented Biden's or whoever is running the Executive Branch's ability to ***** things up.  What a mess.  

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‘She’s so bad at this’: Allow WH spox Karine Jean-Pierre to explain what emergency Biden’s addressing with solar panel EO

 

During today’s briefing, White House press secretary Karine Jean-Pierre was asked what “emergency” is being addressed by Biden invoking the Defense Production Act to make more solar panels, and the Big Book of Talking Points was consulted for another non-answer:

 

 

 

https://twitchy.com/dougp-3137/2022/06/06/shes-so-bad-at-this-allow-biden-spox-karine-jean-pierre-to-explain-what-emergency-bidens-addressing-with-solar-panel-eo/

 

 

Edited by B-Man
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14 hours ago, B-Man said:

 

 

‘She’s so bad at this’: Allow WH spox Karine Jean-Pierre to explain what emergency Biden’s addressing with solar panel EO

 

During today’s briefing, White House press secretary Karine Jean-Pierre was asked what “emergency” is being addressed by Biden invoking the Defense Production Act to make more solar panels, and the Big Book of Talking Points was consulted for another non-answer:

 

 

 

https://twitchy.com/dougp-3137/2022/06/06/shes-so-bad-at-this-allow-biden-spox-karine-jean-pierre-to-explain-what-emergency-bidens-addressing-with-solar-panel-eo/

 

 

she is painful to watch - for several reasons

 

how does a President "take" the Defense Production Act ?

 

she literally stares down at a piece of paper and reads words while trying to convince us of the message......

Edited by BuffaninSarasota
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CNN: RISING GAS PRICES ARE BAD NEWS FOR DEMOCRATS.

 

CNN had two of their reporters on air for a segment on rising gas prices today and the news from both of them was bad news for Democrats. First up was senior data reporter Harry Enten who talked about how gas prices might impact the midterms.

 

“This year is off the charts, right? It’s ridiculously high, the growth rate right now,” Enten said. He continued, “I’ve done this a few times on air and each time the now number goes up, up and up and up.” He was referring to this graphic seen above which shows the current surge in gas prices is higher than in previous midterm cycles.

 

Enten said the correlation to bad news for the incumbent party wasn’t perfect but in this case the gas prices are part of a “larger economic context” all of which boils down to Americans being “really not happy at this point.” Enten went on to point out that the economy was far and away the top issue. Other issues like gun control and abortion don’t even come close.

 

 

                         cnn_economy_gas_top_issues_for_voters_6-

 

https://hotair.com/john-s-2/2022/06/06/cnn-rising-gas-prices-are-bad-news-for-democrats-n474374

 

 

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