Originally Posted By: Gary Allan
Throwing it in the street does more productive good.
As in tax cuts?
Throwing it in the street does more productive good.
As in tax cuts?
How money are created from debt.
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If that's your persuasion. Instead of inserting it higher up ..throwing it in the street is far more productive.
Pay your bills ..or don't
At this point it doesn't really matter.
Pay your bills ..or don't
Quote:
throwing it in the street is far more productive.
Based on what?
throwing it in the street is far more productive.
Based on what?
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What's funny is that I tend to see your leanings as a future feudal system or aristocracy. I see it for the benefits of hurting more of those who destroyed the nation. Let them be under someone's boot and squirm.
I'll share Hades with the the service class of the financiers for the joy of their suffering.
I'll share Hades with the the service class of the financiers for the joy of their suffering.
For those of you who were not able to see this eye opener at Vimeo, it is, at least for the moment, here at Google Video:
http://video.google.ca/videoplay?docid=-9050474362583451279
Shame on our schools and media for never explaining this. Shame.
Less elegantly (There are pop ups involved. Ewwww.), it is also at freedocumentaries.org:
http://freedocumentaries.org/film.php?id=214
http://video.google.ca/videoplay?docid=-9050474362583451279
Shame on our schools and media for never explaining this. Shame.
Less elegantly (There are pop ups involved. Ewwww.), it is also at freedocumentaries.org:
http://freedocumentaries.org/film.php?id=214
I was taught all about debt based money in high school Econ 101.
Originally Posted By: oilyriser
I was taught all about debt based money in high school Econ 101.
You had [something] 101 in *high school*?
I went to high school in southern Ontario from '87 - '91 and we did not have "101" style classes, not did we have any economics classes.
Further, not one person I know; ranging from drunken hillbillies in their underwear on up to fancy-pants lawyerin' types, have a good *clear* grasp of this. I thought it was worth posting up a working link for those who are interested.
I was taught all about debt based money in high school Econ 101.
You had [something] 101 in *high school*?
I went to high school in southern Ontario from '87 - '91 and we did not have "101" style classes, not did we have any economics classes.
Further, not one person I know; ranging from drunken hillbillies in their underwear on up to fancy-pants lawyerin' types, have a good *clear* grasp of this. I thought it was worth posting up a working link for those who are interested.
Thanks for the link (kid)...
If one needs to depend on debt then one needs the best possible credit rating, and there are rumbles about the US AAA rating.
And at the end of the day or year or administration, one either has a deficit, or a suprplus; see the links below for an even bigger problem.
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Ten Trillion and Counting
http://www.nytimes.com/2009/03/24/arts/television/24ten.html?em
That Big Hole in the Economy, and Who Dug It
And at the end of the day or year or administration, one either has a deficit, or a suprplus; see the links below for an even bigger problem.
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Ten Trillion and Counting
http://www.nytimes.com/2009/03/24/arts/television/24ten.html?em
That Big Hole in the Economy, and Who Dug It
Originally Posted By: 1sttruck
If one needs to depend on debt then one needs the best possible credit rating, and there are rumbles about the US AAA rating.
And at the end of the day or year or administration, one either has a deficit, or a suprplus; see the links below for an even bigger problem.
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Ten Trillion and Counting
http://www.nytimes.com/2009/03/24/arts/television/24ten.html?em
That Big Hole in the Economy, and Who Dug It
That's a small percentage of the $101 Trillion that will be due for SS and Medicare.
http://www.bobistheoilguy.com/forums/ubb...rue#Post1326810
And costs for these continue to rise as does "mandatory" spending by the government on these "entitlements".
They will monetize the debt to the point that they can be "afforded" at the cost of individual people's savings.
If one needs to depend on debt then one needs the best possible credit rating, and there are rumbles about the US AAA rating.
And at the end of the day or year or administration, one either has a deficit, or a suprplus; see the links below for an even bigger problem.
http://www.pbs.org/wgbh/pages/frontline/tentrillion/
Ten Trillion and Counting
http://www.nytimes.com/2009/03/24/arts/television/24ten.html?em
That Big Hole in the Economy, and Who Dug It
That's a small percentage of the $101 Trillion that will be due for SS and Medicare.
http://www.bobistheoilguy.com/forums/ubb...rue#Post1326810
And costs for these continue to rise as does "mandatory" spending by the government on these "entitlements".
They will monetize the debt to the point that they can be "afforded" at the cost of individual people's savings.
Originally Posted By: VeeDubb
Gary, I knew I couldn't pull a wool over your eyes. You're on to me. I'm all about the big guy. My willingness to take an inflation hit to avoid deflationary collapse that can potentially lead to 25% unemployment is all about the big guy. You're right, the policy solution is just to let it collapse. That way all those unemployed little guys can really stick it to the MAN while they are waiting in the soup line to feed their kids.
You are a genius.
Yeah! stick it to the man!
Gary, I knew I couldn't pull a wool over your eyes. You're on to me. I'm all about the big guy. My willingness to take an inflation hit to avoid deflationary collapse that can potentially lead to 25% unemployment is all about the big guy. You're right, the policy solution is just to let it collapse. That way all those unemployed little guys can really stick it to the MAN while they are waiting in the soup line to feed their kids.
You are a genius.
Yeah! stick it to the man!
http://www.pbs.org/wgbh/pages/frontline/tentrillion/interviews/hubbard.html#3
Social Security is a small problem compared to Medicare. How do we deal with those costs?
Just to give you a sense of the size of Medicare, Social Security is a $13 trillion unfunded liability. Medicare is about a $70 trillion unfunded liability that's growing at $2 trillion a year. Social Security, by the way, is growing at $700 million a year. ...
http://www.ncpa.org/pub/ba616
Social Security versus Medicare. Social Security's projected deficit receives the bulk of attention from politicians and the media, but Medicare's future liabilities are far more ominous. The numbers in the nearby table are especially interesting in light of President Bush's efforts to reform Social Security. Note that:
Medicare's total unfunded liability is more than five times larger than that of Social Security.
Further, the Bush administration's newly added prescription drug benefit (Part D) has an unfunded liability greater than Social Security!
Social Security is a small problem compared to Medicare. How do we deal with those costs?
Just to give you a sense of the size of Medicare, Social Security is a $13 trillion unfunded liability. Medicare is about a $70 trillion unfunded liability that's growing at $2 trillion a year. Social Security, by the way, is growing at $700 million a year. ...
http://www.ncpa.org/pub/ba616
Social Security versus Medicare. Social Security's projected deficit receives the bulk of attention from politicians and the media, but Medicare's future liabilities are far more ominous. The numbers in the nearby table are especially interesting in light of President Bush's efforts to reform Social Security. Note that:
Medicare's total unfunded liability is more than five times larger than that of Social Security.
Further, the Bush administration's newly added prescription drug benefit (Part D) has an unfunded liability greater than Social Security!
Quote:
(Part D) has an unfunded liability greater than Social Security!
Yes. A terrible idea just as the base program is.
(Part D) has an unfunded liability greater than Social Security!
Yes. A terrible idea just as the base program is.
Originally Posted By: uc50ic4more
Originally Posted By: oilyriser
I was taught all about debt based money in high school Econ 101.
You had [something] 101 in *high school*?
I went to high school in southern Ontario from '87 - '91 and we did not have "101" style classes, not did we have any economics classes.
Further, not one person I know; ranging from drunken hillbillies in their underwear on up to fancy-pants lawyerin' types, have a good *clear* grasp of this. I thought it was worth posting up a working link for those who are interested.
The course wasn't formally called that, but the teacher used that name on all his paperwork. They taught us reserve ratio, compound interest, and taught the job-destroying effects of minimum wage and so on.
But the popular media does a good job of de-educating the people so they can be safely herded and occasionally taken to be sheared.
Originally Posted By: oilyriser
I was taught all about debt based money in high school Econ 101.
You had [something] 101 in *high school*?
I went to high school in southern Ontario from '87 - '91 and we did not have "101" style classes, not did we have any economics classes.
Further, not one person I know; ranging from drunken hillbillies in their underwear on up to fancy-pants lawyerin' types, have a good *clear* grasp of this. I thought it was worth posting up a working link for those who are interested.
The course wasn't formally called that, but the teacher used that name on all his paperwork. They taught us reserve ratio, compound interest, and taught the job-destroying effects of minimum wage and so on.
But the popular media does a good job of de-educating the people so they can be safely herded and occasionally taken to be sheared.
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
So should we beware of the central bank?
Originally Posted By: Tempest
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
1 vote 1 time. All things that go up can go down ,unless there is a monopoly.
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
1 vote 1 time. All things that go up can go down ,unless there is a monopoly.
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
This country is posabe a constitutional republic.
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
This country is posabe a constitutional republic.
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Originally Posted By: Tempest
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
Well, this is clearly true. Look at the advantages we have letting the nobles run the show. Good call on the perils of mob rule.
Originally Posted By: oilyriser
Originally Posted By: Tempest
There is more on that link that actually tries to justify monetizing our debt. Monetizing debt = pumping money into a bubble (housing) in order to keep it from deflating. In other words, intentionally trying to keep prices high.
Democracy+Economics at work. Baby Boomers voting in policy to make their homes rise in value at the expense of their kids never being able to afford one.
Exactly why a true, or unlimited democracy is as oppressive as a dictatorship.
Well, this is clearly true. Look at the advantages we have letting the nobles run the show. Good call on the perils of mob rule.
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