Showing posts with label bank capital requirements. Show all posts
Showing posts with label bank capital requirements. Show all posts

Monday, November 25, 2024

What if Donald Trump, on January 20, 2025, issues the following #MAGA Executive Orders?

#MAGA Executive Order #1
"Bank capital/equity requirements against Federal Government debt & residential mortgages, must be at least as high as those against loans to unrated American small business & entrepreneurs" 

#MAGA Executive Order #2
"All illegal immigrants from Latin America as on this date, will be issued 100% biometric passports allowing them to work, leave and reenter US.
Criminal behavior leads to immediate deportation."

#MAGA Executive Order #3
"The government must not receive any other income than taxes paid directly to it by the citizens.
Even the lowest income earners, have a right to hold their government accountable."


#MAGA Executive Order #4
"All tax paying citizens shall, completely unhindered, be free to engage artificial intelligence, #AI, in order to measure, in real time, #government #effectiveness when using its tax revenues."

#MAGA Executive Order #5
“Any health sector provider shall not be allowed to charge a price more than 5% higher to any uninsured patient, than what they charge insurance companies for the same medicines or treatments.”
https://teawithft.blogspot.com/2009/06/but-there-is-minimum-minimorum-reform.html
https://x.com/PerKurowski/status/1861089879502848171

PS. I might keep adding proposed Executive Orders


Monday, May 15, 2023

#AI ChatGPT - OpenAI: The discrimination in access to credit with risk weights 0% government - 100% citizens fits best Russia, Argentina or the United States?

I asked OpenAI:

"The type of discrimination in the access to bank credit bank capital/equity requirements with decreed risk weights 0% government - 100% citizens produce, from a political philosophy’s angle, where would it seem most likely to fit: Russia, Argentina or the United States?"

OpenAI answered:

"The type of discrimination in access to bank credit resulting from bank capital/equity requirements with decreed risk weights (0% for government assets and 100% for citizen assets) would most likely fit within the political context of Russia or Argentina rather than the United States.

1. Russia: Historically, Russia has had a strong tradition of state-controlled economic systems, with the government playing a significant role in shaping economic policies. The scenario you described, where government assets are given a preferential treatment in terms of risk weights, aligns more closely with a political philosophy that emphasizes state intervention and control in the economy. This kind of policy could be seen as a reflection of the Russian government's desire to support and prioritize government-related entities.

2. Argentina: Argentina has experienced periods of government intervention and economic instability throughout its history. The country has seen a mix of state control and market-oriented reforms. Policies that discriminate in access to credit based on the type of asset (government vs. citizen) could be associated with a political philosophy that emphasizes a stronger role for the government in economic affairs. In Argentina's context, such a policy may reflect attempts to support government-related entities or prioritize certain sectors.

3. United States: The United States, while having its own political and economic complexities, generally operates within a framework that emphasizes free market principles and individual rights. The scenario you described, where government assets receive preferential treatment over citizen assets, would not align with the prevailing political philosophy in the United States. The U.S. financial system, although regulated, typically aims to ensure fair and equal access to credit for both government and citizen entities.

It's important to note that political philosophies can evolve over time, and policies can vary within countries based on specific circumstances and periods. The descriptions provided here are generalizations and may not capture all the nuances and complexities of each country's political landscape."

Note: The answers are copied exactly from those given to me by OpenAI

 

Monday, January 07, 2019

The Chavez/Maduro Bolivarian Revolution, has confessed its need of keeping the poor poor

Though in Spanish, below is a short YouTube in which three important members of the Chavez/Maduro Bolivarian Revolution, confess their need of keeping the poor poor: 

Tareck El Aissami, former Vice President and current Minister of Industries and National Production: “The poorer people are, the more loyal to the revolutionary project they are, and the more love for Chávez they have"

Héctor Rodríguez, a former Minister of Education and currently the Governor of Miranda: "It is not that we are going to lift people out of poverty into the middle class so that they later aspire to be scrawny (a derogatory term used for the opposition)"


Jorge Giordani, four times Minister of Planning, “Our political strength is given to us by the poor, they are the one who votes for us and that’s why our discourse of defending the poor. The poor will have to remain poor; we need them so.”




PS. So that the riskier small businesses and entrepreneurs who need credit, will need us more, and therefore vote for us more, we, the regulators of the Bureaucracy Autocracy, must set the risk weighted bank capital requirements especially high on loans to them.