American Economics Thread

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Johnlee

New Member
Registered Member
Word is the US is secretly bleeding a trillion dollars a month, hence Congress on its begging mission in China and the talk about inviting Xi to San Francisco... its also the reason its did backroom deal to allow its Vassal Japan to dump nuke waste into ocean in exchange keeping hush of and for US own Treasury slieght of hand, not to mention US is literally IMF'ing itself now to try desperately to kick the can down the road a couple more weeks... Most American's have no clue whats soon in store for them
 
Bellum_Romanum

Bellum_Romanum

Brigadier
Registered Member
Johnlee said:
Word is the US is secretly bleeding a trillion dollars a month, hence Congress on its begging mission in China and the talk about inviting Xi to San Francisco... its also the reason its did backroom deal to allow its Vassal Japan to dump nuke waste into ocean in exchange keeping hush of and for US own Treasury slieght of hand, not to mention US is literally IMF'ing itself now to try desperately to kick the can down the road a couple more weeks... Most American's have no clue whats soon in store for them
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Here is some stats from the Bipartisan Policy Center deficit tracker:
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SlothmanAllen

Junior Member
Registered Member
Johnlee said:
Word is the US is secretly bleeding a trillion dollars a month, hence Congress on its begging mission in China and the talk about inviting Xi to San Francisco... its also the reason its did backroom deal to allow its Vassal Japan to dump nuke waste into ocean in exchange keeping hush of and for US own Treasury slieght of hand, not to mention US is literally IMF'ing itself now to try desperately to kick the can down the road a couple more weeks... Most American's have no clue whats soon in store for them
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How does the US "secretly" bleed a trillion dollars per month?
 
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emblem21

Major
Registered Member
SlothmanAllen said:
How does the US "secretly" bleed a trillion dollars per month?
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Maybe is because of Microsoft word and the art of typing a very large amount of zeroes and then copy paste it into the money stockpile and there is it, a new secret trillion ready to go. Only problem is, is that when this trick is done too many times, someone might decide to put a permanent ban on said stockpile and then suddenly, all those text on word because useless as fu@k
 
H

HighGround

Senior Member
Registered Member
emblem21 said:
Maybe is because of Microsoft word and the art of typing a very large amount of zeroes and then copy paste it into the money stockpile and there is it, a new secret trillion ready to go. Only problem is, is that when this trick is done too many times, someone might decide to put a permanent ban on said stockpile and then suddenly, all those text on word because useless as fu@k
Click to expand...

That's what ShadowStats does, and they earn thousands in ad revenue every month.
 
L

luminary

Senior Member
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ForexLive.com

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The Herald
US Treasury Secretary Janet Yellen showed little willingness to embrace reforms at the International Monetary Fund that would give China and other developing countries significantly more say in how the world’s go-to emergency lender is run.
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LMAO they've reached acceptance. Guess US will be dependent on Huawei tech for the foreseeable future.

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The FCC granted deadline extensions to the likes of Viaero Wireless, Mediacom, All Points Broadband and WorldCell in part because Congress has not coughed up the additional $3 billion 'rip and replace' program participants have been asking for.
The FCC is giving some of the US companies in its "rip and replace" program more time to tear Huawei and ZTE equipment out of their networks.

Importantly, the agency agreed to delay some deadlines due to
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that Congress appears unwilling to fill.

"As a small, rural operation, we lack the financial resources to complete the project, as Congress has provided only 40% of the funds needed," Viaero Wireless
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. "Congress maintains that replacing the covered communications equipment is essential to national security; it therefore must fully fund the Reimbursement Program. Without additional government funding, Viaero Wireless simply cannot complete the removal, replacement and disposal project; Congress' inaction and the lack of funding is completely outside of our control."

Continued the company: "With no assurances of additional funding from Congress, we respectfully request the Commission to find that our ability to complete the permanent removal, replacement and disposal by the end of the term is due to no fault of Viaero Wireless. Accordingly, we request a six-month extension of the one-year completion deadline."

The request from Viaero is important because the company is asking for almost $2 billion from the FCC to tear equipment from China's Huawei out of its network
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. Of the almost 200 companies participating in the program,
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.

Related:
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, the FCC said it would grant Viaero's request for a deadline extension. "The lack of full funding has rendered it unable to take necessary actions towards the completion of its respective removal, replacement and disposal processes," the agency wrote.

Thus, the situation sets up the possibility that "rip and replace" companies can continue to ask for delays until Congress decides to pump more money into the program. It's unclear whether that will happen
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and a looming presidential election.
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The FCC's "rip and replace" program stems from the Secure and Trusted Communications Networks Act of 2019, which built on years of fears among US policymakers that telecom equipment from Chinese companies could be used by Chinese spies to peek into US communications. The act required some US companies – including a number of smaller wireless network operators like Viaero – to tear out suspect equipment from their networks.

The legislation charged the FCC with administering the effort. Initial estimates pegged the total cost of the program at $700 million, but that quickly ballooned to around $1.9 billion. That was the amount Congress set aside for the effort. But last year, the FCC said it recalculated the cost of the program and
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: $4.6 billion.

Since then, FCC officials and the companies in the program
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to bridge that funding gap. Among their strategies:
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that Huawei gear "could capture sensitive information from military bases and missile silos."

But so far Congress hasn't managed to address the situation. Indeed, it barely managed to
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. Meanwhile, the Biden administration is moving forward
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in government subsidies for telecom services and networks in rural areas.
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Amid the "rip and replace" funding shortfall, some companies in the program have begun asking for more time. Reasons span the gamut.

"These equipment delivery delays have significantly impacted the original MCC timeline for completion of removal, replacement and disposal of its installed Huawei covered equipment," Mediacom
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. "Obviously, equipment cannot be removed, services activated, subscribers migrated, and covered equipment disposed of until the replacement equipment is available."

"Due to equipment availability and workforces shortage due to Covid our removal and replacement schedule has been delayed," All Points Broadband
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. "The replacement program had originally been expected to be completed as of this date but we are only 20 percent complete."

And James Valley Telecommunications (JVT) –
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– had plenty to say on the topic:

"James Valley also must replace and destroy approximately 100 customer premise modems, which require an individual appointment with each customer to remove the Huawei modem from the customer premise and replace it with an approved modem. The Huawei modems then need to be destroyed. Given summer vacation schedules and getting children back to school for many customers, it has been increasingly difficult for James Valley to set these critical appointments to remove, replace and destroy the customer premise modems. James Valley only has a limited number of technicians on staff to perform this work – technicians that also have a myriad of other responsibilities both to keep the network operational and to add new locations and customers to the network as part of other FCC and federal government build out deadlines," the company
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. "Two months is simply not enough time to complete the remaining removal, replacement and destruction work."

The FCC
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– from COVID-19 to supply chain troubles – in granting deadline extensions to JVT, Viaero, Mediacom, All Points Broadband (operating under the name "Virginia Everywhere") and WorldCell.

Notably, JVT also hinted at ongoing federal interest in the prospect of Chinese spies in its Huawei equipment: "James Valley has also experienced delays in destroying its covered equipment related to a request by a federal agency to examine its Huawei core," the company wrote.

It did not provide any further information.
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