Termyn8or
Posts: 18681
Joined: 11/12/2005
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"1, If this guy was so accurate on events in the future; why didn't he win the Powerball? Someone whom can accurately predict things months ahead should be able to predict a set of six pairings of numbers a few days before a drawing. "
You have seriously outstupided yourself there. Tell you what buddy, you keep your money in the market and we'll see you on skid row when QE stops.
Oh, never heard of QE ?
https://en.wikipedia.org/wiki/Quantitative_easing
"Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective.[1][2][3][4] A central bank implements quantitative easing by buying financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply"
Now, what is the central bank brainiac ? The fed. Where does the money come from ? It is created under franchise, indirectly that is, by the government.
You would fight to the death for your liberal ideals wouldn't you ? IN A BURNING HOUSE. You really think we can just keep on borrowing money forever. Are you a politician ? Whatever you are it must not have much to do with numbers. Anyone who thinks this economy is anything resembling recovering or healthy or anything of the sort is totally brainwashed. Why do you think the world is moving away from the US dollar ?
And unlike the school taughten zombies running the show, I KNOW what caused this shit and I KNOW what it would take to fix it and I KNOW the only way out is default. How much of that $18 trillion do YOU intend to pay ?
Thomas Edison was right, the government was stupid to borrow ANY money. they should have paid off the civil war and then when money was needed simply print it. However, when you do that, the money in circulation is devaluated much more quickly, meaning during a certain term in office. If FDR would have pulled his socialistic shit in his first term and simply printed the money to do it, the devaluation (which people mistakenly call inflation) would have come too soon. He would likely not have had a second term. And now, wonder why the republicans won't put forth a good candidate ? They DO have some you know. Bottom line is they want to blame the collapse on democrats, even though they helped greatly to achieve it. With politicians, it is not a matter of whose fault it is, it is a matter of who gets the blame.
By borrowing the money, the negative effects on the currency are delayed, but actually become more severe as interest on the debt becomes more taxing. This is after the bridge is burnt folks, there is no going back.
Take 300 million USians, the debt is $18 trillion. Let's call it 15 for round numbers. That is fifty grand each. So if we all pitched in $500 a year it would be paid off in 100 years, well that is if the interest stopped.
But then out of that 300 million, less than half even file taxes, let alone pay anything significant. And that number is going down because it is so fucking cumbersome to hire a full time employee these days. With EIC some get back more than they paid in.
Economists should not be called economists because they are not. What they are is disaster managers. They learn to operate in this little paradigm of debt, dealing in debt, literally. In a real economy, like Norway, Russia, there is production. THAT is capitalism and someone here said what we are in is not capitalism, it is monetarism. In capitalism you produce something people need or want and they buy it. We do not do that. Most of the money made in this country is made on paper. There is a whole class of caviar eating pricks out there who produce nothing and make a shit tom of money by knowing how to navigate through he different scams going on, joining one when it is lucrative and getting out just before it falls down.
And then there is another class - the wealthy - who can actually manipulate the market because of their buying power. And they know what they're doing. Most of them do not want to kill the goose, however at certain times it is advantageous to them to pluck a few feathers. Like in 1929, 2008, and probably again in about 2017.
The revolution should have happened in the 1930s when the government called in the gold. Gold and silver are Constitutionally recognized as lawful money, for the government to take it by force of law is against the law. It does not matter that they give you pieces of paper for it. How about I stick a gun in your face and say "Gimme your car or else" and then give you a piece of paper that says "I owe the duck one car" ? No, it doesn't work that way.
T^T
< Message edited by Termyn8or -- 1/15/2016 5:32:01 PM >
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RE: As Expected, Here it Comes - 
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