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Title: LET’S END THIS DEBT CEILING DEBATE WITH A $1 OZ. $1T COIN
Source:
Pragmatic Capitalism
URL Source: http://pragcap.com/lets-end-this-de ... ing-debate-with-a-1-oz-1t-coin
Published: Jul 7, 2011
Author: Cullen Roche
Post Date: 2011-07-09 00:54:08 by lucysmom
Keywords: Debt Ceiling, Treasury vs Congress
Views: 59339
Comments: 102
A reader points out a very interesting loophole in the debt ceiling debate that would give the US Treasury the ability to tell the US Congress to take their fearmongering and shove it you know where. Reader “Beowulf” notes: “No, Tsy isn’t authorized to just “print” money, the Federal Reserve Act gives that power to the Fed, However, the Coinage Act grants the Secretary of the Treasury rather broad coin seigniorage authority. Geithner could sidestep the debt ceiling this afternoon by ordering the West Point Mint to coin a 1 oz. $ 1 trillion coin. Tsy can then present the jumbo coins at the NY Fed to buy back $1 trillion in Fed-held debt (the Fed has to accept it, a creditor can’t refuse legal tender paid in to settle a debt): (h) The coins issued under this title shall be legal tender… (k) The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time.” The simple threat of doing this would end this debate right here and right now. It’s time for Congress to stop playing Russian roulette with the US economy. If you want to take a stand on spending then do so before you pass legislation that causes us to run up into the debt ceiling. Don’t use some phony law to try to scare people into thinking that we are Greece (something that’s entirely impossible anyhow).
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#1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0)
Sounds crazy, but...
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Ayyup, and they can put it in the Fort Knox vault, with all those gold bars they're supposed to have. But they'll probably end up spending it, which seems like the same thing as printing money, which causes further inflation. You know that when the socialists hear that they've coined a 1T coin, they're going to want to go out and spend at least 2T. As much as I like the idea of screwing the FED, I'm skeptical that this is a benificial scam.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Ron Paul suggested that the Fed should destroy the bonds they bought which would have the same effect except there wouldn't be a 1T coin floating around causing potential legal, financial and poltical problems if it fell into the hands of a unsympathetic country that wanted to use it to buy more bonds.
And that's when you get hyperinflation. Adding actual zero's to the coin/paper of the realm. The problem will be when our colonies stop accepting it. And that's why we won't have inflation. We must lose our Empire first. Get isolated.
Like so many on the lunatic left, the author completely misunderstands the role that money plays in society, namely as A.) a medium of exchange and B.) store of value. Instead, the author believes that money is some kind of mysterious, magical thing that the government can simple conjure up to cure any and all ills. The sad fact is that most of our problems are directly related to the fact that the government has been able to create fiat money at will and force us all to accept it. The result? Booms, busts, inflation, debt. No thanks, been there, done that.
But they'll probably end up spending it, which seems like the same thing as printing money, which causes further inflation. You know that when the socialists hear that they've coined a 1T coin, they're going to want to go out and spend at least 2T. We print and issue money using it as collateral, similiar to how we used gold and silver for many years. As it is now we use the hot aire of capitalists as our collateral.
If booms, busts, inflation, and debt were a result of fiat money then how do you explain the booms, busts, inflation, and debt that happens with a precious metal backed currency?
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
How would a 1T coin fall into enemy hands?
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
It's not about screwing the Fed, nor is it a scam, it's about keeping Congress from murdering its hostages.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Our whole ponzi economic system depends on inflation and the ever increasing numbers of it's participants. Just listen to the capitalists howl everytime someone suggests deflation is right around the corner. Even though they created the current deflated real estate market with their 'irrational exuberance' regarding prices and lack of ethical standards in marketing the instruments.
Creating money when there's nothing to back it up, is always a scam. That's how we got here. It's no different than running the printing presses at the US Treasury.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Ben Bernanke was acceptable as Fed Chairman in part because he was willing to tolerate inflation and avoid deflation.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
I don't think that's how we got here. The discussion following the linked article is interesting, I recommend reading it.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
It's no different than running the printing presses at the US Treasury. Your capitalist 'free' market buddies would disagree. As they consider themselves the collateral.
OMG! You libTURDS are so stoopid that it still amazes me! YOU, (a gibbering libTURD FOOL), would just do what the feral gooberment has been doing and that got us into trouble you gibbering MORON. You "think" that just calling something worth some value will fix this situation you gibbering moron? It's how we got here in the first place fool. FIAT "money" has absolutely ZERO intrinsic value. There is ZERO "collateral" backing it up. Actual money, (commodity based money, ie PMs/Ae/Ar/Au), has intrinsic VALUE, and IS the ONLY "money" that is allowed by the US Constitution. (Not that THAT means squat to a libTURD fool like YOU.) SHOW us ALL where on ANY current feral gooberment fiat specie "note" there is a statement of a base COLLATERAL to it's "value" you gibbering moron. Between YOU and whinny Old I can feel the "smartness" being drained from the universe when you two MORONS "talk". You two are proof that you don't need to have even a basic mental ability to keep on living.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
I've explained this many times, but you are too stupid to understand. During the 19th century the U.S. Government enforced a bi-metals standards with fixed exchange rates between gold and silver. The bi- metals standard was created to favor silver interests. Of course, it created boom and bust cycles, just like the Federal Reserve's fiat money, and just like all political manipulation of the money supply does. Unfortunately, the lunatic left learned the wrong lesson, as they always do. The right lesson is that government manipulation of the money supply to favor political interests is a fundamental problem that has to be eradicated.
So both systems create booms and busts. That's the whole purpose of the shark's periodically thinning the herd and cashing out at the same time. Unless your magical thinking leads you to believe that money just goes up in smoke.
You are not understanding again, as usual. POLITICAL MANIPULATION of the money supply causes boom and bust cycle. As Nobel Laureate Fredrich Hayek pointed out several decades ago, the real answer is to get government out of the money business altogether. We have the technology to make competing currencies a reality today. That's what we need to do.
POLITICAL MANIPULATION of the money supply causes boom and bust cycle. As Nobel Laureate Fredrich Hayek pointed out several decades ago, the real answer is to get government out of the money business altogether. No it's the manipulation of the economy by various components of the financial sector often combined with certain political allies usually in the form of legislators that causes booms and busts. The gov periodically tries to regulate it out of existence but so far has not been successful, and probably always will fail. The government is constitutionally mandated to provide in one way or another a system of currency.
As a country, we've been there, done that. The system had problems, we don't do that anymore. That being said, there are local currencies.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
no one admits the social contracts between government and local unions; yet, this is the entire heart of America's downfall for budgets, not just because of a pay grade and benefit package for each and every employee in government. Here is a plan that you don't here about ANYWHERE. Eliminate the current pay schedules of GS-1 to GS-18 federal employees. Downgrade the same package from 2% at the bottom of the tier group to 20% at the top of the tier group. It saves the federal budget; it saves America; these are federal employees, the largest organization of gangsters from around the world.
Do you really think they can compete with those located on Wall Street?
The Obama Federal Reserve runs Wall Street. When union BO speaks they jump. WS can't convince the rubes that hO's anything but bad economic news, so the markets jump DOWN.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
The Corps will just jump to another fifth world country where they can practice their utopian form of capitalism until the natives again wise up. It's the pubs who are stalling on the debt ceiling causing the current problem. They need to proudly take responsibility.
"That is usually what happens when a bus full of gasoline is rolling down a road and about to go off a cliff. What else can you call it? THERE ARE NO JOBS. THERE WILL BE NO JOBS. Remember when Madoff was discovered to be a ponzi. On the message boards the first questions asked by many people were "Where is the money?" No one could comprehend that a 56 Billion dollar fund had NO MONEY. They thought he had hid most of it. They could not comprehend the simplicity of the math of a ponzi and how it WORKS. You see.....things that appear very complex to the outside world of a ponzi are usually relatively elemental. Its just simple math..... There was ZERO money. NADA! NONE! Bernie simply maintained his vast yearly returns by paying out to the "lucky" ones that redeemed before the unlucky lower bigger part of his pyramid.....until he ran out of money."
And there still are many more out there similiarly stealing with the full blessing of Wall Street.
The Only way the Top 50 000 are getting richer. Warren Buffett becomes the Swedish Match King. Watch. "the age of economic growth is over. To cope with declining resources, and an eco-system tilting toward a death-spiral, we don't need more growth. We need to shrink our economies. They call it "de-growth."
No different than Social Security.
You are too funny. The Madoff's of the world are what made Social Security neccessary. After the last four years will anyone ever trust Wall Street again?
WHOAAA there pardner. SS is completely solvent and will be for at least 20 more years...
The world's Madoffs want to get their hands on all that SS money.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
The world's Madoffs want to get their hands on all that money. fixed it for ya. The parasite's only limit is the death of the host....;}
Crazy is raising the debt limit. The rationalizations for doing so are very similiar to a drunk's reasoning for demanding he be given another bottle of Jack Daniels.
Proxy IP's are amusing.....lmao
Wrong. Social Security started running an annual deficit this year and will continue to do so as the baby boomers flood into the system. It's broke.
No it's not broke, it has a $2.6 trillion dollar surplus. (wouldn't Wall Street high rollers love to get their hands on that! What percentage do you think they'd take in bonuses?)
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Not hanging out with drunks, I wouldn't know what that might be. What I do know is that if we don't pay our bills, we've broken our word.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Your brain has wandered off to Fantasy Land once again. What a surprise.
Right. Raygun/Greenspan SS/FICA tax. All of which was taken and replaced with IOU's. You or I did that we'd be put under the jail... For 30 years. How much longer do we wait for Reagan's Shining City on the Hill....8D
Your brain has wandered off to Fantasy Land once again. What a surprise. FOX NEws not very entertaining this AM, eh jw? ;} # Get more discussion results # Fixing Social Security – Permanently « US Public Policy / John ... uspublicpolicy.com/johnkoraska/blog/?p=19 - Cached Oct 19, 2010 – The huge cost increases of paying Social Security, Medicare, and Medicaid ... The surplus FICA cash is replaced by US Treasury IOUs and put in the Trust Funds. ... The 1983 Greenspan commission on Social Security reforms resulted in Ronald Reagan raising: FICA OASDI tax rates, taxable wage base, ... # Paul Ryan's Killing of Social Security and Medicare mondaymorningeconomist.com/pualryan.html - Cached The GOP has hated Social Security and Medicare from day one, they just know ... fund ... is no reserve at all' [because it contains nothing but government IOUs], ... courtesy of Reagan and Greenspan raising the payroll deductions to SSA and ... To the employer who ponies up half of the FICA, Social security and ... #
Raising the debt ceiling doesn't pay our bills. It only allows this administration to continue to write BAD CHECKS, further excerbating the debt crisis we already face. And it will in fact 'break the word' to American Taxpayers...not that you on the Left give a rats ass about THAT. Finally, I'm sure you are very familiar with drunks goofy. I don't believe anyone could suffer you without being drunk first.
Proxy IP's are amusing.....lmao
You need to do more research. And it will in fact 'break the word' to American Taxpayers... Rather the Republican politicians word to Grover Norquist.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
You are a complete moron.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
More of your Aspergers symptoms. Since there are drugs that will make you seem a bit more normal I suggest you see a doc, but in the meantime you really are getting to be booooorrrrring with your totally predictable routine.
See, this is why I knew we were fucked from Raygun's Election: # LIBRADEX ** Why the SS Trust Fund is meaningless www.libradex.com/viewArticle.aspx?id=8 - Cached So if SS ran a $100 billion surplus, Congress spends the $100 billion and ... But that means the Treasury has that fewer dollars to spend on ... and we owed $300 billion to SS/Medicare...you guessed it, we'd have a $300 billion deficit. ... Å8; # Social Security's Effect On The Treasury: Why We Are “Effed” : The ... blog.ml-implode.com/.../social-securitys-effect-on-the-treasury-why... - Cached Dec 8, 2010 – These are simply payments to the SS bureau as “interest owed” on SS's Treasury securities (these are what are referred to every time you ... And that People don't get what Ponzi's are. No one is hiding ANY money!!! They're hiding the ACCUNTING of that money as it DISAPPEARS. We've been broke since 1987... And now we're INSOLVENT.
Sooner or later the lovers of freedom get around to "STFU".
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Hey, whiningold/loonymom, what are your qualifications to diagnose Aspergers? Or is it just a reflexive device used to avoid debate? You and your 'shadow' are always posting in tandem.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
Sooner or later, the egalitarian left wants to shut down debate when they can't offer anything other than BS like Aspergers.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
You're exactly correct, LM. Oh, and Almost forgot this... Remember Way back when, bush43 had just Stolen his 2nd Slection with 8 Million Born Again Fundies coming from Outer Space to vote for the very first time? And then not two months later comes out and says, 'I've got Political Capital and I'm going to spend it'? What was he going to do? PRIVATIZE SS and give it to WALL ST....LMFAO " Not while I'm President. I'll fight with everything I've got to stop those who would gamble your Social Security on Wall Street." Yet a month later when I questioned David Plouffe about the President's committment to Social Security at the Harkin Steak Fry, I got a non-answer that made chills run up my spine..."They want to weaken and destroy it. We want to fix it." Try that answer on someone who doesn't know that it doesn't need fixing because it ain't broke, and who went to school back when they taught us how to diagram sentences so we can decypher what those who look at the trust fund with a lustful, impure eye are really saying: "In order to avoid future benefit cuts, we must cut future benefits. Ditto raising the retirement age." Didn't we put some people in military prison for destroying villages in order to save them? The fact of the matter is, Social Security is not only not responsible for our deficit woes, it is independent of the deficit /and/ it is solvent for decades. Period. Full stop. That CBO report finds that the Social Security OAS (Old Age/Survivors) Trust Fund, without changing a thing, will be able to make full payouts through 2039 -- it should also be noted that the full payout projections have been pushed downward by the economic downturn of the last couple of years, and those numbers should start moving the other way as the economy recovers. And if that isn't the case, we have a lot bigger problems than Social Security coming down the pike. And even if the trust fund were to run out, Social Security would still be in pretty good shape. The OAS Trust Fund, established with the Social Security Amendments of 1939, is considered to be fully funded (in SS Speak in 'Short Term Actuarial Balance') if it has reserves equal to 100% of the next year's cost. As it turns out it fell out of balance in 1971 and despite some tweaks in 1977 continued to fall until it flirted with zero in 1982. Which led to the creation of the Greenspan Commission and its two part fix. The first part was intended to put the Trust Fund back in Short Term Balance, a task that was complete by 1993. The second part was to build the Trust Fund sufficiently over that minimum to fund benefits ON AVERAGE over the next 75 years. That was pretty successful as well, leaving the current Trust Fund with a ratio of 390 (almost 4 years of reserve) , but in any event it was ALWAYS the plan to draw down the excess as needed to help fund the demographic challenge of the Boomers. The last boomers will retire in 2029, ten years before the trust fund is currently projected to be depleted, and four years before it fails the 100% test (per SSA numbers which vary a little from CBO's).
Every American owes $50,000 in current debt and $500,000 in future obligations. $500,000 -- that's $2 million for every family of four. The median household income is about $50,000 a year. Do the math. This can't possibly be paid. Not only do we have to stop borrowing money now, we also have to remove Social Security, Medicare, and Medicaid from entitlement status. They should be funded each year based on our ability to pay, not based on some automatic formula.
"As it turns out it fell out of balance in 1971 and despite some tweaks in 1977 continued to fall until it flirted with zero in 1982. Which led to the creation of the Greenspan Commission and its two part fix. The first part was intended to put the Trust Fund back in Short Term Balance, a task that was complete by 1993. The second part was to build the Trust Fund sufficiently over that minimum to fund benefits ON AVERAGE over the next 75 years. That was pretty successful as well, leaving the current Trust Fund with a ratio of 390 (almost 4 years of reserve) , ...." See those Four Dates? Nixon and Reagan took the goody out in 71 and 82. The 'tweaks' were under Carter/Clinton passively accepting....
Raising the debt ceiling doesn't pay our bills. It only allows this administration to continue to write BAD CHECKS, further excerbating the debt crisis we already face. Every American owes $50,000 in current debt and $500,000 in future obligations. $500,000 -- that's $2 million for every family of four. The median household income is about $50,000 a year. Do the math. This can't possibly be paid. Not only do we have to stop borrowing money now, we also have to remove Social Security, Medicare, and Medicaid from entitlement status. They should be funded each year based on our ability to pay, not based on some automatic formula. Yep. And today it was announced Owe-bama just gave the United Nation's 100 billion dollars...and still some don't understand how anyone can be against raising the debt ceiling? Sheesh.
Proxy IP's are amusing.....lmao
I don't have to 'do more research' goofy. I can add and subtract. You on the Left apparently can't.
Proxy IP's are amusing.....lmao
Get ready for war then, MFer. You can use your Largest ever Military Budget to get me some weapons.... 8D Cause I ain't no body's slave. These Entitlements as you call them were made because 7 million Americans had just dies of starvation/cold the Winter of 32. The Top 50 000 will run out of bodies before the Bottom 90%....
Reagan success story. All the liberals are dead....8D How's that FOX Murdoch hacking E Mails story comin' along....8D
Not only do we have to stop borrowing money now, we also have to remove Social Security, Medicare, and Medicaid from entitlement status. They should be funded each year based on our ability to pay, not based on some automatic formula. You want to give the money I put into it to Wall Street which proved 3 years ago it wasn't up to the task. But the US debt is used as a source of income silly. It's sold all over the world. Why debt's been at the center of one of the most popular and profitable business models for the last 25 years, the bankers say so.
War with 60 year old dope heads like you??? Right. You can barely get out of bed in the morning and post incoherent rants on Liberysflame. ROTFLMAO.
Whatever. Now we know why your local police need tanks.... How's your Bailed out Banksters doin this AM? Care to explain how America comes out of this Depression?
#3. To: mcgowanjm (#2) European Stock Markets crashing. Yes they are. Fred Mertz posted on 2011-07-11 10:28:34 ET
Remember that these agencies have never forecast anything of importance (neither subprime, nor the global crisis, nor the Greek crisis, nor the Arab Spring, ...). If they downgrade willy nilly today it’s because they have been caught at their own game (22). It’s no longer possible to downgrade A without affecting B’s rating if B is no better off. The "assumptions" on the fact that it’s impossible for any particular state to default on its debt have not withstood three years of crisis: this is where Wall Street and the City have fallen into the trap which threatens all aspiring sorcerers’ apprentices. They have not seen it would be impossible for them to control the hysteria kept up over Greek debt. So today it’s the US Congress, with the bitter debate on the debt ceiling and massive budget cuts, that the consequences of the misleading articles in recent months about Greece and the Eurozone enlarge. Once again, our team can only stress that if history has any sense, it’s certainly a sense of irony.
You've been given the chance to prove your assertions but you continually come up empty. YOU are the one who needs to prove that your 'new improved' theories will work, not the other way around.
BTW, jw Your Army is being called on to fight everyone. Think your local LE can handle the rest of us? Missiles fired at Panetta in Green Zone. US/French Embassies in Syria Stormed. Live Fire. Is the US going to fight EVERYONE? except Israel, eh?
I continually post all kinds of evidence from all over the world for every position I take. Unfortunately, you, Lucysmom, and Goobershit are either too stupid, stubborn, or stoned to understand it. So I won't waste my time anymore.
You link the strangest damn things, thinking you are making sense. For phone hacking, I refer you to the Democrats dirty tricks division.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
Some might consider this a time to buy and jwpegler needs to use YOUR money. LOLOL
Post it now. You can start with where the first free market is located and what qualities determine it to be such.
Nope. I'm finished wasting time doing any research for you and your lunatic leftist buddies, because you are unteachable. So, just roll another one and toke away hippie.
Not only is this idea crazy, it's flat-out STUPID. Unless made of $1T of precious metals, it would simply be another form of fiat money. In REAL terms, a $1T gold coin would weigh 40453074.4 pounds. This, by the way, works out to the approximate weight of not one, but two Ticonderoga-class guided-missile cruisers, as shown here: Were it made out of platinum, it would weigh 36231884.0579 pounds- the same mass as the Spanish aircraft carrier Spanish aircraft carrier Principe de Asturias, below: Were you to have an inkling of economics, you'd already know that... On a more basic level, Geithner has been in the pocket of the big banks for years. The Federal Reserve is owned by those same big banks... You think Geithner- little pus-bag that he is- would ever do anything against the will of the banks?
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
Ouch, THAT'S gonna' leave a mark! The only question is, which of her two personalities will this hit? Whining- old, or the loony-mom? I ask because ming IS loonymom... Oh, BTW, Badeye... according to ming/loony, if you aren't willing to "suffer" fools like her, she says you're "intolerant." Like that's a bad thing, LOL.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
So, just roll another one and toke away hippie. So who designated you to a teaching position on this chit chat site? Especially since you can't even define your goals much less prove your theories. And you seem to be unaware that this is a discussion forum. You failed big time.
but you continually come up empty Perfect description of the Last 30 years of Reaganism/TrumanDoctrine/BrettonWoodsGold Default. But not by looking at the BlueBar to the Right. We have over a thousand cable TV channels where I live, and none of them puts on a coherent news program on Sunday nights, so weekends have become news blackouts. Looks like we're hours/days away: All these rich bible beatin' MFers gonna have to steal some more from their slaves. And I don't know if the slaves have any more to give...8D " "A comprehensive global energy transition is urgently needed in order to avert a major planetary catastrophe," the report warns. Might I interject? Perhaps our "rapidly expanding" use of fossil fuel energy itself can not be sustained for much longer. I suggest that somebody should take a long look at the situation. Certainly, crude oil does not seem quite so abundant as it once appeared to be. Perhaps somebody at the U.N. ought to look at the oil price trend since 2003. And then there's that pending, unresolved peak coal estimate. Country estimates of how much recoverable coal they have always seem to go down. And there's all that nonsense about shale gas. But I digress. In his preface to the report, Secretary-General Ban Ki-moon writes that "rather than viewing growth and sustainability as competing goals on a collision course, we must see them as complementary and mutually supportive imperatives. This becomes possible when we embrace a low-carbon, resource-efficient, pro-poor economic model." "A comprehensive global energy transition is urgently needed in order to avert a major planetary catastrophe," the report warns. Might I interject? Perhaps our "rapidly expanding" use of fossil fuel energy itself can not be sustained for much longer. I suggest that somebody should take a long look at the situation. Certainly, crude oil does not seem quite so abundant as it once appeared to be. Perhaps somebody at the U.N. ought to look at the oil price trend since 2003. And then there's that pending, unresolved peak coal estimate. Country estimates of how much recoverable coal they have always seem to go down. And there's all that nonsense about shale gas. But I digress. In his preface to the report, Secretary-General Ban Ki-moon writes that "rather than viewing growth and sustainability as competing goals on a collision course, we must see them as complementary and mutually supportive imperatives. This becomes possible when we embrace a low-carbon, resource-efficient, pro-poor economic model."
I have never said that. But I'm truly sorry you unmedicated, low functioning Aspergers' are so easily confused. But again maybe that's a good thing. .
I know. The irony of course is the most intolerant people in America are in fact LIBERALS.
Proxy IP's are amusing.....lmao
They don't come here to discuss, they come to convince themselves, and each other, they're "normal).
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Ming/loonymom, where you are concerned, everybody is in a position to teach you. You exhibit the typical leftist (i.e., socialist "useful idiot") traits of being both brutally stupid, and proud of your stupidity. Especially since you can't even define your goals much less prove your theories. Proof is posted here, daily, which effectively eviscerates your pathetic, nonsensical positions. So you choose to ignore the proof, because it's better- and easier- for you to live in the delusions of your mind, then face reality. But hey, that's what it takes to be a leftist- gross ignorance of reality, or the refusal to accept reality, once it is presented. The failure is all yours, ming/loonymom. With every post, with every statement you make, you demonstrate that you are incapable of facing reality. You live in sound-bites, preferring the more interesting fiction of the leftist-MSM news, than real life. Chayefsky was talking about people like YOU, ming/loonymom, when he wrote: [laughing to himself] But, man, you're never going to get any truth from us. We'll tell you anything you want to hear; we lie like hell. We'll tell you that, uh, Kojak always gets the killer, or that nobody ever gets cancer at Archie Bunker's house, and no matter how much trouble the hero is in, don't worry, just look at your watch; at the end of the hour he's going to win. We'll tell you any shit you want to hear. We deal in *illusions*, man! None of it is true! But you people sit there, day after day, night after night, all ages, colors, creeds... We're all you know. You're beginning to believe the illusions we're spinning here. You're beginning to think that the tube is reality, and that your own lives are unreal. You do whatever the tube tells you! You dress like the tube, you eat like the tube, you raise your children like the tube, you even *think* like the tube! This is mass madness, you maniacs! In God's name, you people are the real thing! *WE* are the illusion! “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
More of your cut and paste filler but it does explain some of your delusions regarding internet posters here. I can see why your employers won't let you near a computer on the weekends.
Translation: "Everyone is crazy except ME!" Another nonsensical quote. LMAO!!! Nothing like proving my point! :) There are many weekends where I don't even bother to turn on my computer- much less the TV. Unlike you, I have a life.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
Actually you don't if your job classification includes posting here.
Now THATs funny coming from you, whiningoldloonymom. Thanks for the laugh.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
I confess I don't get the "job classification" jab, which she seems quite familiar with. I'm guessing this has something to do with which station she holds at McD's?
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
She just keeps tipping her hand as to her circumstances.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
Ironic Owe-bama believes this same thing, only he applies it to the clear majority of voters in America.
Proxy IP's are amusing.....lmao
I don't see how he gets it. Zero Duration Short Term Treasuries. ;}
BUWAHAHAHAHAHA intake BUWAHAHAHA 8D No Sense, eh? Google Murdoch Hacking Deleting Dead Girls Mail See what comes up....8D
What part of 1 OZ did you miss, CE? 8D
Zero Duration Short Term Treasuries. ;} Giving what you now make in SS contributions to Wall Street to invest in their pyramid schemes. But maybe you work for the prisons or similiar where you don't have to contribute.
Yves is hot More Proof That Obama is Herbert Hoover Not only is Obama assuring that he will go down as one of the worst Presidents in history, but for those who have any doubts, he is also making it clear that his only allegiance is to the capitalist classes and their knowledge worker arms and legs. You don’t need to go further than the first page of today’s New York Times for proof. The Grey Lady has realized rather late in the game that automatic stabliizers and emergency programs have been propping up the economy, and the fact that they are soon to disappear will be more than a bit of a downer. Apparently it is now OK for Pravda to make that shocking revelation from Moody’s (the source of the key data in the article) because the budget debate is so far advanced that the executioner has already started the downward swing of his axe; the only question is whether he will get a clean kill of the average citizen’s economic wellbeing or whether it will be a protracted, messy death. From the New York Times:
Oh THAT!! ;} That one died with bush43's political capital. Now they have to do it illegally. Which means they still owe me. No matter what. And they'll give it to me, one way or the other. I'll take land in lieu of, for instance...8>D
"Even knowing how dedicated to bad ends Obama is, I still feel like I’ve walked into a parallel universe. He’s now determined to make these horrific entitlement cuts a sign of his manhood. This is “Change” for sure, to a more brutal, grasping, dog eat dog society, all administered by self serving elites. They will in the end reap the whirlwind they are creating, but not before it mows a path of destruction through our social order." Obama will go down as the next Hoover. bush43 having paved the way as Warren G Harding/Coolidge combined. The USEMpire will implode.
8D Show me one ounce of anything that would be worth $1T. If you can't, then the article comes down to: let's create fiat money to retire fiat money... Get it, sonny?
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead.
If you can't, then the article comes down to: let's create fiat money to retire fiat money... Nothing is worth anything - not even gold, except by agreement.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Ooops. You just dangled an abstraction in front of him.
8D Show me one ounce of anything that would be worth $1T. And thank you. a perfect illustration on why you, CE, won't get it. img]
Show me one ounce of anything that would be worth $1T. If you can't, then the article comes down to: let's create fiat money to retire fiat money... Nothing is worth anything - not even gold, except by agreement. 8>D
"The other problem is obvious: both Japan and the US have been on government borrowing binges. But both paid for the reconstruction/stopping depression efforts via more debt, not raising taxes on the very rich. This rich diet for the rich versus starvation diet for the poor leads to more, not less depression. Feed the poor and tax the rich leads to a fast-growing economy since it won’t pay to hoard wealth anymore."
That's what money is, an abstraction.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
Yep, cleaning toilets. They won't let her anywhere near the deep fryer.
I thought for sure you would be checking out all those mail order bride sites in order to educate them on the proper name for their product.
loonymom, you really are a bitter old hag. You need to go out and get laid to get that big chip off of your shoulder.
You need to go out and get laid to get that big chip off of your shoulder. And getting you to call names in your confused state is just too much fun. Maybe you should practice your educashun skills on educating those websites.
What's wrong with cleaning toilets.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
The old fashioned way. By spending it. Or it could simply be stolen. If it's like any coin, the bearer is the presumed owner.
The old fashioned way. By spending it. Or it could simply be stolen. If it's like any coin, the bearer is the presumed owner. The denomination, $1 trillion, would make it pretty unique - not many could make change for that.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
#2. To: lucysmom (#0)
(Edited)
by ordering the West Point Mint to coin a 1 oz. $ 1 trillion coin. Tsy can then present the jumbo coins at the NY Fed to buy back $1 trillion in Fed-held debt
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#3. To: lucysmom (#1)
#4. To: lucysmom (#1)
#5. To: lucysmom (#0)
(Edited)
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#6. To: hondo68 (#2)
Ayyup, and they can put it in the Fort Knox vault, with all those gold bars they're supposed to have.
#7. To: jwpegler (#5)
The sad fact is that most of our problems are directly related to the fact that the government has been able to create fiat money at will and force us all to accept it. The result? Booms, busts, inflation, debt.
#8. To: Pinguinite (#3)
Ron Paul suggested that the Fed should destroy the bonds they bought which would have the same effect except there wouldn't be a 1T coin floating around causing potential legal, financial and poltical problems if it fell into the hands of a unsympathetic country that wanted to use it to buy more bonds.
#9. To: hondo68 (#2)
As much as I like the idea of screwing the FED, I'm skeptical that this is a benificial scam.
#10. To: lucysmom (#7)
(Edited)
If booms, busts, inflation, and debt were a result of fiat money then how do you explain the booms, busts, inflation, and debt that happens with a precious metal backed currency?
#11. To: lucysmom (#9)
nor is it a scam
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#12. To: mininggold (#10)
Just listen to the capitalists howl everytime someone suggests deflation is right around the corner.
#13. To: hondo68 (#11)
Creating money when there's nothing to back it up, is always a scam. That's how we got here.
#14. To: hondo68 (#11)
Creating money when there's nothing to back it up, is always a scam. That's how we got here.
#15. To: lucysmom (#0)
(Edited)
#16. To: lucysmom, capitalist eric (#7)
If booms, busts, inflation, and debt were a result of fiat money then how do you explain the booms, busts, inflation, and debt that happens with a precious metal backed currency?
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#17. To: jwpegler (#16)
During the 19th century the U.S. Government enforced a bi-metals standards with fixed exchange rates between gold and silver. The bi- metals standard was created to favor silver interests. Of course, it created boom and bust cycles, just like the Federal Reserve's fiat money, and just like all political manipulation of the money supply does.
#18. To: mininggold (#17)
So both systems create booms and busts.
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#19. To: jwpegler (#18)
(Edited)
You are not understanding again, as usual.
#20. To: jwpegler (#18)
We have the technology to make competing currencies a reality today. That's what we need to do.
#21. To: lucysmom (#20)
As a country, we've been there, done that.
#22. To: buckeroo (#21)
It saves the federal budget; it saves America; these are federal employees, the largest organization of gangsters from around the world.
#23. To: mininggold (#22)
think they can compete with those located on Wall Street
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#24. To: hondo68 (#23)
The Obama Federal Reserve runs Wall Street. When union BO speaks they jump. WS can't convince the rubes that hO's anything but bad economic news, so the markets jump DOWN.
#25. To: mininggold (#24)
#26. To: mcgowanjm (#25)
(Edited)
Remember when Madoff was discovered to be a ponzi. On the message boards the first questions asked by many people were "Where is the money?" No one could comprehend that a 56 Billion dollar fund had NO MONEY.
#27. To: mininggold (#26)
And there still are many more out there similiarly stealing with the full blessing of Wall Street.
#28. To: mcgowanjm (#25)
Remember when Madoff was discovered to be a ponzi. On the message boards the first questions asked by many people were "Where is the money?" No one could comprehend that a 56 Billion dollar fund had NO MONEY.
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#29. To: jwpegler (#28)
(Edited)
No different than Social Security.
#30. To: jwpegler, mininggold, All (#28)
No different than Social Security
#31. To: mininggold (#29)
The Madoff's of the world are what made Social Security neccessary.
#32. To: lucysmom, All (#31)
The world's Madoffs want to get their hands on all that SS money.
#33. To: lucysmom (#1)
#34. To: mcgowanjm (#30)
(Edited)
SS is completely solvent and will be for at least 20 more years...
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#35. To: jwpegler (#34)
Social Security started running an annual deficit this year and will continue to do so as the baby boomers flood into the system. It's broke.
#36. To: Badeye (#33)
The rationalizations for doing so are very similiar to a drunk's reasoning for demanding he be given another bottle of Jack Daniels.
#37. To: lucysmom (#35)
(Edited)
it has a $2.6 trillion dollar surplus
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#38. To: jwpegler (#34)
#39. To: jwpegler lucysmom, All (#37)
it has a $2.6 trillion dollar surplus
#40. To: lucysmom (#36)
What I do know is that if we don't pay our bills, we've broken our word.
#41. To: Badeye (#40)
Raising the debt ceiling doesn't pay our bills.
#42. To: lucysmom (#35)
[Social Security] has a $2.6 trillion dollar surplus. (wouldn't Wall Street high rollers love to get their hands on that! What percentage do you think they'd take in bonuses?)
-- Joseph Goebbels --
#43. To: Capitalist Eric (#42)
You are a complete moron.
#44. To: All (#39)
#45. To: Capitalist Eric (#42)
#46. To: mininggold (#43)
#47. To: lucysmom (#45)
#48. To: lucysmom (#41)
#49. To: Badeye (#40)
Raising the debt ceiling doesn't pay our bills. It only allows this administration to continue to write BAD CHECKS, further excerbating the debt crisis we already face.
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#50. To: All (#48)
#51. To: jwpegler (#49)
#52. To: lucysmom (#41)
Raising the debt ceiling doesn't pay our bills.
#53. To: jwpegler (#49)
we also have to remove Social Security, Medicare, and Medicaid from entitlement status.
#54. To: Rudgear (#47)
Sooner or later, the egalitarian left wants to shut down debate when they can't offer anything other than BS like Aspergers.
#55. To: jwpegler (#49)
(Edited)
Every American owes $50,000 in current debt and $500,000 in future obligations. $500,000 -- that's $2 million for every family of four. The median household income is about $50,000 a year. Do the math. This can't possibly be paid.
#56. To: mcgowanjm (#53)
Get ready for war then
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#57. To: jwpegler (#56)
Get ready for war then
#58. To: All (#57)
#59. To: All (#58)
#60. To: jwpegler (#56)
(Edited)
War with 60 year old dope heads like you??? Right. You can barely get out of bed in the morning and post incoherent rants on Liberysflame. ROTFLMAO.
#61. To: jwpegler (#56)
#62. To: mininggold (#60)
but you continually come up empty
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#63. To: mcgowanjm (#54)
#64. To: mcgowanjm (#58)
European Stock Markets crashing.
#65. To: jwpegler (#62)
continually post all kinds of evidence from all over the world for every position I take. Unfortunately, you, Lucysmom, and Goobershit are either too stupid, stubborn, or stoned to understand it. So I won't waste my time anymore.
#66. To: mininggold (#65)
You can start
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#67. To: lucysmomBadeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Mininggold (#1)
Sounds crazy, but...
.
-- Joseph Goebbels --
#68. To: Badeye, lucysmom, mininggold (#40)
I don't believe anyone could suffer you without being drunk first.
-- Joseph Goebbels --
#69. To: jwpegler (#66)
Nope. I'm finished wasting time doing any research for you and your lunatic leftist buddies, because you are unteachable.
#70. To: jwpegler, mininggold, All (#62)
but you continually come up empty
#71. To: Capitalist Eric (#68)
(Edited)
Oh, BTW, Badeye... according to ming/loony, if you aren't willing to "suffer" fools like her, she says you're "intolerant
#72. To: Capitalist Eric (#68)
Oh, BTW, Badeye... according to ming/loony, if you aren't willing to "suffer" fools like her, she says you're "intolerant."
#73. To: mininggold (#69)
And you seem to be unaware that this is a discussion forum. You failed big time.
#74. To: mininggold, jwpegler, lucysmom, Badeye (#69)
So who designated you to a teaching position on this chit chat site?
you seem to be unaware that this is a discussion forum. You failed big time.
Television is not the truth! Television is a God-damned amusement park! Television is a circus, a carnival, a traveling troupe of acrobats, storytellers, dancers, singers, jugglers, side-show freaks, lion tamers, and football players. We're in the boredom-killing business! So if you want the truth... Go to God! Go to your gurus! Go to yourselves! Because that's the only place you're ever going to find any real truth.
-- Howard Beale, "Network" (1976)
-- Joseph Goebbels --
#75. To: Capitalist Eric (#74)
#76. To: mininggold (#75)
More of your cut and paste filler but it does explain some of your delusions regarding internet posters here.
I can see why your employers won't let you near a computer on the weekends.
-- Joseph Goebbels --
#77. To: Capitalist Eric (#76)
There are many weekends where I don't even bother to turn on my computer- much less the TV. Unlike you, I have a life.
#78. To: mininggold (#77)
Actually you don't if your job classification includes posting here.
#79. To: Rudgear (#78)
Now THATs funny coming from you, whiningoldloonymom. Thanks for the laugh.
-- Joseph Goebbels --
#80. To: Capitalist Eric (#79)
Actually you don't if your job classification includes posting here.
#81. To: lucysmom (#73)
They don't come here to discuss, they come to convince themselves, and each other, they're "normal).
#82. To: mininggold (#64)
Some might consider this a time to buy and jwpegler needs to use YOUR money. LOLOL
#83. To: Rudgear (#63)
You link the strangest damn things, thinking you are making sense. For phone hacking, I refer you to the Democrats dirty tricks division.
#84. To: Capitalist Eric (#67)
#85. To: mcgowanjm (#82)
I don't see how he gets it.
#86. To: Fred Mertz, mininggold, capitalist eric, lucy'smom, All (#84)
(Edited)
#87. To: mininggold (#85)
Giving what you now make in SS contributions to Wall Street
#88. To: mininggold (#85)
(Edited)
#89. To: mcgowanjm (#84)
What part of 1 OZ did you miss, CE?
-- Joseph Goebbels --
#90. To: Capitalist Eric (#89)
Show me one ounce of anything that would be worth $1T.
#91. To: lucysmom (#90)
Nothing is worth anything - not even gold, except by agreement.
#92. To: Capitalist Eric, Lucy's mom, All (#89)
What part of 1 OZ did you miss, CE?
#93. To: lucysmom, Capitalist Eric, All (#90)
#94. To: All (#93)
#95. To: mininggold (#91)
Ooops. You just dangled an abstraction in front of him.
#96. To: Capitalist Eric (#79)
I'm guessing this has something to do with which station she holds at McD's?
Stupid, stubborn and stoned is no way to go through life
#97. To: jwpegler (#96)
Yep, cleaning toilets. They won't let her anywhere near the deep fryer.
#98. To: mininggold (#97)
(Edited)
I thought for sure you would be checking out all those mail order bride sites
Stupid, stubborn and stoned is no way to go through life
#99. To: jwpegler (#98)
(Edited)
loonymom, you really are a bitter old hag.
#100. To: jwpegler (#96)
Yep, cleaning toilets.
#101. To: lucysmom (#8)
How would a 1T coin fall into enemy hands?
#102. To: Pinguinite (#101)
How would a 1T coin fall into enemy hands?
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