Post New Article

Billionaire Investor Carl Icahn Warns
Inflation a ‘Terrible Thing’ Which
Led to Roman Empire’s Downfall

Original Article

Posted By: Imright, 9/27/2022 7:18:11 PM

Billionaire investor Carl Icahn on Wednesday offered a grim outlook on the economy in President Joe Biden’s (D) America. He told MarketWatch inflation was a major player when it came to the market’s downturn, the outlet reported. “Inflation is a terrible thing,” he commented, adding it led to Roman Empire’s downfall. “You can’t cure it.” Icahn also laid blame on the federal government when it came to the financial issues plaguing the nation, saying, “We printed up too much money, and just thought the party would never end. And the party’s over.” In February, Icahn told Bloomberg Markets and Finance it was not a good idea to continue printing money.

Post Reply

Reply 1 - Posted by: gop_guys 9/27/2022 7:24:53 PM (No. 1289457)
Not just Roman. Too many to mention. Our monetary crises is a time bomb. The dollar is high only because it’s the prettiest mare at the glue factory.
10 people like this.

Reply 2 - Posted by: sanspeur 9/27/2022 7:48:00 PM (No. 1289485)
darn ? you think ? gosh the #stoopidity , ignorance is sooo”schtrooong “ h/tbig mike
3 people like this.

Reply 3 - Posted by: billa57 9/27/2022 7:51:17 PM (No. 1289489)
Democrats and Rino's want to bankrupt this country. Biden has many many more plans to spend TRILLIONS of dollars of your money that you don't have.
7 people like this.

Reply 4 - Posted by: Safari Man 9/27/2022 8:08:09 PM (No. 1289508)
And the rise of Hitler
7 people like this.

Reply 5 - Posted by: NorCaliInfidel 9/27/2022 8:28:20 PM (No. 1289522)
#4, In Germany in 1922 my grandfather got a cash inheritance payout for his 25% of the family farm. He got the money on a Friday and did not spend it immediately. On Monday he was able to buy 3 large beers at the tavern using the entire cash inheritance.
8 people like this.

Reply 6 - Posted by: stablemoney 9/27/2022 8:31:12 PM (No. 1289525)
The U.S. does not have any way to pay its debts and promises, but to inflate it away. We will be seeing inflation for years. The Federal Reserve will try to moderate the inflation rate, but cannot bring it down but some percentage, which at best will be 5-6%, with unemployment at the same rates.
3 people like this.

Reply 7 - Posted by: Faithfully 9/27/2022 8:39:47 PM (No. 1289532)
Where do the elite think they can live in peace once they destroy the country?
10 people like this.

Reply 8 - Posted by: davew 9/27/2022 9:12:22 PM (No. 1289564)
The problem with the Roman Imperial banking system was that, as the empire expanded, it was too easy for other regions to counterfeit and shave the coinage so that it could no longer be trusted for its gold content. If it was easy to counterfeit US dollars Icahn's analogy would make sense but this has nothing to do with inflation. Inflation is the result of the overall money supply exceeding the productive capacity of an economy in terms of available labor and real goods. Both the money supply and the productive capacity must grow at roughly the same rate but there is no upper limit to how large they can theoretically get. Only a tiny portion of the money supply is in paper bills or coins. Almost all of it is in bank deposits recorded in computer databases managed by the Federal Reserve member banks. What really destroyed the Roman Empire was the collapse of their Republic's rule of law and respect for traditions and religious practices that had united them.
5 people like this.

Reply 9 - Posted by: davew 9/27/2022 9:25:19 PM (No. 1289571)
The German Wiemar (Between the Wars) Republic experienced hyperinflation because they were paying reparations for WWI to Great Britain and France (converted from marks to pounds and francs) that exceeded their total GDP. Since the German people also had to live, the government printed additional currency but the Depression destroyed what was left of the German industrial and agricultural productive capacity so people would pay anything for what little goods were available rather than starve. The lesson here is that if you are in debt to another country and have to pay them in their sovereign currency you are no longer a free country and will probably collapse. Germany eventually just reneged on the reparations once the Third Reich took over.
6 people like this.

Reply 10 - Posted by: downnout 9/27/2022 9:29:05 PM (No. 1289576)
#9, you mean like our indebtedness to China?
6 people like this.

Reply 11 - Posted by: NorCaliInfidel 9/27/2022 10:16:19 PM (No. 1289634)
#9. Excellent summary. #9, #10--Reparations would have ended in 1983. Reparations were unsustainable for the German people.
3 people like this.

Reply 12 - Posted by: Heraclitus 9/28/2022 12:55:44 AM (No. 1289698)
As most of us learn when studying the Fall of the Roman empire, there were many conditions leading to the overthrow of the Western half and then few more centuries later, the Eastern half (Constantinople/Byzantium): Conquering and then maintaining huge expanses of territories, leading to the need for more soldiers (whose loyalties could not be relied upon) while at the same time the once vaunted Roman Army, composed of Roman Citizens, led by Roman nobles, had begun to lose its illustrious reputation, and fewer wealthy Romans saw the value in "serving', and it wasn't "expected" of them either. The moral character of Rome had begun to degenerate. It always comes back to the moral character or lack of it, when we look at the decline of once great civilizations. All the other aspects of the culture either slow down or accelerate the decline, even the basic material needs, such as the ability to feed the citizens and provide safety. A really interesting thing archaeologists have noted in artifacts found in Rome dating to the era preceding the barbarian conquest and that was the inferiority of the products. They discovered that the pottery, for example, was no longer made in Rome, but in the conquered territories and imported into Rome and surrounds. As much as things change, they remain the same. And we don't learn from history, ergo being doomed to repeat it, "first as tragedy, then as farce." And then the eternal recurrence.
8 people like this.

Reply 13 - Posted by: HPmatt 9/28/2022 7:02:20 AM (No. 1289828)
Karl, it took 700 years to fall…
1 person likes this.

Reply 14 - Posted by: F15 Gork 9/28/2022 9:43:17 AM (No. 1289963)
Time was we backed are currency with gold. Like the SPR, I suspect Fort Knox has been looted as well.
2 people like this.

Reply 15 - Posted by: MDConservative 9/28/2022 1:13:17 PM (No. 1290166)
#9 - That's the usual story. But then, was the war "free"? Someone paid for four years of total war on two fronts. At the outbreak of the war in1914, the Reichsbank suspended conversion of currency into gold, increasing its paper note issue by 2 billion marks. By the day the inflation was officially ended in 1923, it had issued 92.8 quintillion (92,800,000,000,000,­000,000) paper marks. A few days later (on November 20) a new cur­rency, the rentenmark, was issued that effectively pledged the country's total assets in support - the government's gold long gone. The old marks converted at a rate of a trillion to one. Interest rates were 90 percent by 1923. Now, let's compare that to the $14 TRILLION appropriated in thin air by Congress and approved by the President to fight the War on COVIDS, adding 50 percent to the national debt. I don't recall hearing any concern about inflation then from anyone. Now it's Biden's turn to hold the bag, like Dubya did in 2008, caused again by easy money and government spending on credit. And some are advocating MORE stimulus, debt forgiveness and giveaways. We still have more checks in the checkbook, right?
0 people like this.

Below, you will find ...
Most Recent Articles posted by "Imright"
Most Active Articles (last 48 hours)
Most Recent Articles posted by Imright"
Biden administration scales back student
debt relief for MILLIONS of Americans
in stunning reversal after being faced
with first lawsuits and following criticism
of the huge cost to taxpayers
11 replies
Posted by Imright 9/29/2022 5:43:12 PM Post Reply
The Biden administration has quietly announced a change in their student debt forgiveness program that could exclude four million borrowers who have loans owned or backed by private companies The u-turn by the federal government comes after the first legal challenges were filed and following criticism of the huge costs to taxpayers and claims the plan is an illegal use of his executive power. The Education Department announced Thursday that privately-held federal loans won't qualify for the relief plan, which the Congressional Budget Office said earlier this week could cost $400billion over a decade.
Charleston braces for DIRECT HIT as Hurricane
Ian swirls back in from Atlantic to pound
historic city TOMORROW morning: Thousands
board up their homes and flee ahead of
7ft storm surge
9 replies
Posted by Imright 9/29/2022 5:32:36 PM Post Reply
Charleston is bracing for a direct hit from Hurricane Ian with storm surges of up to 7ft as it hurtles towards the historic city after barreling through Florida leaving swathes of the state decimated. Monster tempest Ian has recharged from a tropical storm back into a Category 1 hurricane as it angles northwards towards South Carolina, and will hit the coasts of North Carolina and Georgia. Landfall in Charleston is expected around 8am on Friday, with the surrounding states also being issued with several extreme weather warnings.
Joe Biden’s Handlers Create a Diplomat
to Plants (Seriously) and Their Choice
Is Even More Infuriating
10 replies
Posted by Imright 9/29/2022 4:51:34 PM Post Reply
With no other issues in the country to contend with the press cheers as the Biden administration is becoming unhinged. The Washington Post has been on a roll with the delusions lately. Glenn Kessler spat out a “fact” check to support Stacey Abrams and her idiotic sonogram hot take. Then there was the recent attempt to recalibrate Biden’s economy by telling us there are 7 Ways A Recession Could Be Good For You Financially. Now we can toss another stunted log on this pyre of common sense. Just take a look at this headline and try to imagine what it would take to write this out and
Why Is No One Discussing the 25th Amendment
for Joe Biden?
15 replies
Posted by Imright 9/29/2022 4:41:52 PM Post Reply
President Joe Biden called for the late Rep. Jackie Walorski (R-IN) to appear during a live event on hunger and nutrition Wednesday. Walorski was killed in a car accident last month, and Biden had previously called her family to offer condolences. Though the White House attempted to spin his faux pas as a mere sign that Walorski was “top of mind,” describing it as the kind of mistake that anyone could make, the embarrassing error was the latest evidence that Biden may not be mentally competent to hold the office of president. And yet there is no talk about removing him from office, using the 25th Amendment
S. Carolina braces for impact as Hurricane
Ian recharges in Atlantic before landfall
tomorrow: Biden says it could be 'deadliest'
storm to have EVER hit Florida with 'substantial
loss of life'
13 replies
Posted by Imright 9/29/2022 3:58:37 PM Post Reply
Hurricane Ian is set to unleash more devastation as it whips up sea water in the Atlantic before targeting South Carolina after battering Florida this morning and overnight. The monster tempest is expected to recharge from a tropical storm back into a Category 1 hurricane as it angles northwards towards the top of the Sunshine State, the south of Georgia and South Carolina. The region is also braced for more storm surges that could see huge quantities of water dumped on major cities such as Jacksonville, Savannah and Charlotte. It comes as Joe Biden warned Ian could be the 'deadliest' hurricane in Florida's history
Dow Drops 500 Points, Markets Sink Following
Flurry Of Worrisome Economic Data
9 replies
Posted by Imright 9/29/2022 1:24:10 PM Post Reply
Stocks tanked Thursday morning as investors backed off of Wednesday’s cautious optimism as several macroeconomic indicators highlighted recession concerns and fears of more hawkish monetary policy.Key Facts The Dow Jones Industrial Average fell 1.5%, over 450 points, reversing its 540-point gain a day prior, while the tech-heavy Nasdaq fell 2.8% and the S&P 500 2%. Investors reacted negatively to employment data revealing a tighter than expected labor market, interpreting it as fuel for the Federal Reserve to pursue further interest rate hikes, while several other economic indicators, including surging mortgage rates, a declining U.S. economy
Surprise! The Economy Is Even Worse Than
You Thought
4 replies
Posted by Imright 9/29/2022 1:11:13 PM Post Reply
The U.S. economy was even weaker in the first half of the year than previously thought, data from the Commerce Department indicated on Thursday. Gross Domestic Product contracted by 1.6 percent in the first three months of 2022 and by 0.6 percent in the April through June quarter, meaning the economy shrank for two consecutive quarters. Those who argued that the economy was not actually in a recession could point to the low unemployment rate and a measure of the economy known as Gross Domestic Income, which had been reported as growing 1.8 percent in the first quarter and 1.4 percent in the second quarter.
Devastated Floridians return to see what's
left of their homes as Gov. DeSantis calls
Hurricane Ian a 500-year-event: Hundreds
are feared dead - as 50 Chinooks and Blackhawks
begin search and rescue... and flamingos
take shelter in Bathrooms!
10 replies
Posted by Imright 9/29/2022 11:50:14 AM Post Reply
Ron DeSantis has described the tsunami-like flooding across Florida as a ‘once in a 500-year’ event, leaving 2.7million without power as Hurricane Ian continues to barrel its way northwards through Orlando. Hundreds of people are feared dead, as 50 National Guard helicopters are starting the search and rescue for thousands who are stranded or missing in the aftermath of the catastrophic water damage and 155mph winds. But rescuers this morning admitted they are only 'scratching the surface' and the actual number of victims could soar even higher. Thousands are also trapped on their homes and some were forced on to their roofs to escape rising floodwater that swallowed two-story homes.
As Democrats who care about our kids’
schools, we’re voting for Zeldin
5 replies
Posted by Imright 9/29/2022 9:24:09 AM Post Reply
On Wednesday, New York released state tests scores and parents finally got confirmation about the devastating learning loss so many of us saw first-hand during extended school lockdowns. The most reliable academic indicator for students in third to eighth grade — math scores — plummeted across all grades. The slow progress made pre-pandemic was eviscerated. Students in every year tested lost ground, and the largest drop was among eighth graders heading to high school, who saw 11% fewer students proficient in math. This wasn’t much of a surprise to those of us who spent months fighting
Florida man steals hearts after rescuing
cat during Hurricane Ian
11 replies
Posted by Imright 9/29/2022 9:19:15 AM Post Reply
A Florida man became the darling of Hurricane Ian after he went viral in a video showing him rescuing a stranded cat surrounded by a rising flood. Mike Ross, 29, is seen making his way to the frightened feline sitting atop an air-conditioning unit at the side of a house in Bonita Springs as the water comes gushing. “My boyfriend saving a cat from flood waters near Bonita Beach,” Megan Cruz Scavo said in a tweet accompanying the heart-rending footage. “Look at Michael saving the kitty. Awww,” Ross’ mom, Marybeth, is heard saying as she filmed the rescue.
A Case for Federal and State Standards
on Teaching about Socialism and Other 'Isms'
5 replies
Posted by Imright 9/29/2022 9:15:36 AM Post Reply
States and the federal government should mandate balanced teaching of history and the social sciences in both public schools and universities that accept taxpayer support (state or federal). That's because of what is being taught to American youth about socialism and communism is as dangerous to our Republic as the pseudo-science of eugenics and racialist philosophies of the past, seeping into the national consciousness of the western world leading up to World War II and the genocide at the hands of the Nazis and their collaborators. After watching Ken Burns’ three-part series on the U.S. and the Holocaust, which dramatized how the Roosevelt administration was blind to the plight
Report: Soros-Linked Group Wins $41M Contract
from Biden to Help Illegal Aliens Evade Deportation
18 replies
Posted by Imright 9/29/2022 3:29:08 AM Post Reply
A non-governmental organization (NGO), with financial links to billionaire George Soros, has won a $41 million federal contract from President Joe Biden’s Department of Justice (DOJ) to help illegal aliens evade deportation from the United States. The Acacia Center for Justice, an NGO with financial ties to the Soros-linked Vera Institute of Justice, scored a contract from Biden’s DOJ to provide “legal services” to border crossers and illegal aliens after they are released into the U.S. interior in the hopes of staying permanently. Fox News’s Joe Schoffstall reports: The Biden administration awarded $41 million in taxpayer-backed government contracts
Most Active Articles (last 48 hours)
DeSantis: MAGA Understudy or Saboteur? 40 replies
Posted by DW626 9/29/2022 6:21:11 AM Post Reply
Since my foray into politics, I have come to understand that our system comprises insiders and outsiders and that Donald Trump was the consummate outsider. He was opposed by the system on both sides of the political aisle. Admittedly, I counted myself amongst the opposition. It was only when faced with a choice of yet another Clinton, whom we were told held a 95% chance of victory, that I felt a throw-away vote for Trump was in order. To my surprise, the b@st@rd actually won. He wasn’t supposed to win.
GOP Senators Baffled By Mitt Romney’s
Ploy To Oust Mike Lee — And Maybe Thwart
A Majority
33 replies
Posted by WhamDBambam 9/29/2022 11:44:36 AM Post Reply
If Democrats could pull off an upset in Utah, it would have profound consequences for the control of the Senate — and the rest of the country. Republican senators are growing concerned by colleague Mitt Romney’s refusal to help fellow Utah Republican Mike Lee decisively win his re-election campaign — a posture that could potentially keep their party from gaining a majority in the November elections. Unlike every other Republican senator, the 2012 failed Republican presidential candidate is declining to express a preference in Republican Lee’s re-election effort against Democrat-endorsed Evan McMullin.
Biden mindlessly yells at gas station
owners to slash prices at the pump: ‘Do
it now’
32 replies
Posted by ladydawgfan 9/29/2022 9:08:49 AM Post Reply
President Biden once again shirked any responsibility for skyrocketing gas prices and instead demanded that gas stations cut prices at the pump for drivers despite their costs to stay in business being dictated by the market. [Video] His flawed economic reasoning is that oil prices are dropping. Oil prices are not the only factor in the price of a gallon of gasoline. Taxation and crushing regulation as well as progressive policies have a lot to do with it. It’s almost as if Biden and the left want to drive gas stations out of business. In a meeting with economic aides on Monday, Biden excoriated gas stations,
Electric vehicles and the evacuation of Florida 31 replies
Posted by Magnante 9/29/2022 9:36:36 AM Post Reply
Large swaths of Florida’s heavily populated Gulf Coast have been ordered evacuated. (snip) It is fortunate that as of the current moment, electric vehicles constitute only about 100,000, out of nearly 8 million vehicles registered to drive on Florida’s roads. What if they all were electric? (snip) cars from southern Florida would start running out of juice after 100 – 250 miles. They would then have to spend hours at recharging stations, which would rapidly be clogged with other cars and trucks waiting their turn (snip) Cars waiting to be charged would spill onto the highways (snip) Those cars that ran out of juice on the highway would block traffic.
‘Do not. Let me repeat: do not!’ Biden
warns oil execs not to use Hurricane Ian
to ‘gouge’ Americans
31 replies
Posted by Imright 9/28/2022 5:45:25 PM Post Reply
President Joe Biden warned oil executives on Wednesday not to use Hurricane Ian as an excuse to raise oil prices, illustrating how important the issue is ahead of the midterm elections. The president issued the dire warning, even repeating himself, during opening remarks at the White House Conference on Hunger, Nutrition and Health. “I want to add one more warning. That’s warning to the oil and gas industry executives. Do not, let me repeat, do not! Do not use this as an excuse to raise gasoline prices or gouge the American people,” Biden said during a briefing on Hurricane Ian preparations. “The price of oil has stayed relatively low.
Army's first trans officer and her Johns
Hopkins doctor wife are indicted on SPY
charges: Tried to pass medical records
to Russians of senior officers at Fort
Bragg - the home of Delta Force and special operations
28 replies
Posted by Ribicon 9/29/2022 1:29:13 PM Post Reply
The US Army's first trans officer and her wife, a doctor at Johns Hopkins, have been indicted for attempting to pass medical records of senior military officers and their families to the Russian government. Major Jamie Lee Henry, 39, and Dr. Anna Gabrielian, 36, were accused of using their secret security clearance at North Carolina's Fort Bragg to steal the records from the base's hospital, the CNBC reported. Fort Bragg is among one of the most populated military installations in the world, housing about 52,000 active duty soldiers.(Snip)According to the indictment, which was unsealed on Thursday, Gabrielian said she was motivated by her patriotism to Russia,
McConnell Dumps Another Million Into Alaska
To Save Murkowski After Ditching Arizona’s
Blake Masters
28 replies
Posted by Imright 9/28/2022 5:29:41 PM Post Reply
Republican Senate Minority Leader Mitch McConnell’s super PAC dropped nearly $12 million in new spending on competitive races in key battlegrounds — but none of that spending is for one of the most competitive races of all: GOP rookie Blake Masters versus Democrat incumbent Mark Kelly in Arizona. McConnell’s allies in Georgia, North Carolina, New Hampshire, and Alaska will each claim a portion of the pot from the Kentucky lawmaker’s Senate Leadership Fund, according to new numbers out Tuesday, while Arizona venture capitalist Masters remains abandoned by the top elected Republican in the country.
'It's a mass poisoning': Images show rainbow-colored
fentanyl disguised as Skittles and Nerds
CANDY - as ex-DEA official warns parents
that drug dealers are peddling the stuff
to kids on social media
28 replies
Posted by Imright 9/28/2022 2:25:43 AM Post Reply
A drug that's contributed to the deaths of tens-of-thousands of Americans last year has been found hidden in Skittles and Nerds packaging and could be peddled to young children via social media. During the period of May 23 to Sept 8 this year, 10.2 million fentanyl pills and about 980 pounds of fentanyl powder were seized by the the Drug Enforcement Administration (DEA) as part of the One Pill Can Kill initiative. Of the 390 cases investigated during this period, 51 cases have been linked to overdose poisonings and 35 cases link directly to one or both of the primary Mexican cartels responsible for the majority of fentanyl
Exclusive — Book: Paranoid Hillary Clinton
Campaign Feared Russians Would Poison
Her with Donald Trump Debate Handshake
27 replies
Posted by Imright 9/28/2022 9:48:43 PM Post Reply
Former Secretary of State and Democrat Hillary Rodham Clinton’s 2016 presidential campaign staffers were so paranoid they actually thought the Russians would poison her via a handshake with her opposing candidate for president, Donald Trump, at one of their debates, a forthcoming book reveals. The episode is recounted in the book Confidence Man: The Making of Donald Trump and the Breaking of America by New York Times reporter Maggie Haberman,
‘Where’s Jackie?’: Biden asks dead
Indiana rep to identify herself in crowd
27 replies
Posted by Hazymac 9/28/2022 1:10:16 PM Post Reply
President Biden asked for the late Rep. Jackie Walorski to identify herself at a Washington event Wednesday, forgetting that the Indiana Republican died in a car crash last month. Biden made the embarrassing error while thanking bipartisan members of Congress at a nutrition event near the White House. “I want to thank all of you here, including bipartisan elected officials like Representative [Jim} McGovern, Senator [Mike] Braun, Senator [Cory] Booker, Representative Jackie — are you here? Where’s Jackie? — I think she was going to be here,” the president said. Biden, 79, is the oldest-ever president and his mental acuity is regularly questioned by his political foes.
Joe Manchin's Humiliation Is Complete
After Deal Falls Through
27 replies
Posted by Dreadnought 9/28/2022 12:36:34 AM Post Reply
Sen. Joe Manchin’s humiliation was brought to completion on Tuesday after his Democrat-negotiated permitting reform deal officially fell through. Per RedState’s previous reporting, Manchin stabbed Republicans in the back during the summer, waiting until the CHIPS Act passed before doing an about-face on a big-spending reconciliation bill full of “climate change” payoffs. The West Virginia senator had supposedly struck a deal whereby he would pass the falsely named Inflation Reduction Act in exchange for Democrat support for permitting reform for oil and gas projects.
Breast removal surgery improves body image
of transgender men, study finds
26 replies
Posted by Ribicon 9/28/2022 5:54:47 PM Post Reply
Transgender men and nonbinary teenagers who underwent breast removal surgery reported having a better body image afterward, according to a new study. Northwestern Medicine looked at 70 female-body patients between the ages of 13 and 24 who either received “top surgery,” or mastectomies (36 patients), or who received testosterone therapy but didn’t get mastectomies (34 patients). Researchers had patients report about their body image before they began their treatment path and then three months later. The study found that “gender-affirming top surgery is associated with significant improvement in chest dysphoria, gender congruence and body image in transmasculine and nonbinary teens and young adults,” according to a press release
Post New Article