The man who would destroy the Republican Party

[CuteOldGuy]

Originally Posted by DSK

We can massively cut back on the military by bringing the troops home, and save a shitload of money in the process. Unfortunately, we rarely think about cutting taxes and government spending in the good times like you suggest and I agree with.

We are stuck with deficit spending and eventual dollar devaluation, one would think. The debt doesn't really need to be paid off, just let devaluation make it palatable. Fuck, as I have advocated elsewhere, just print/electronically create the shit to pay our debts - after all, they are denominated in dollars which we create.

China sends us shitty products, we pay them in dollars. We borrow from them, we pay back in dollars - we print them if we have to do so. Kinda like a magic money tree - the Federal Reserve. Either the greatest Ponzi scheme/counterfeiter ever - or a brilliant invention by our government.

1913: The Federal Reserve System is Born

From December 1912 to December 1913, the Glass-Willis proposal was hotly debated, molded and reshaped. By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise—a decentralized central bank that balanced the competing interests of private banks and populist sentiment.

You are so massively stupid. I'm stunned.

[Guest040616]

Originally Posted by CuteOldGuy

You are so massively stupid. I'm stunned.

For once ... we agree!

[DSK]

Originally Posted by CuteOldGuy

You are so massively stupid. I'm stunned.

Then it should be easy for you to point out any incorrect statements I've posted.

I will make it easy - disprove this:

1. We print the money or electronically create it.

2. We pay everyone back with money we create/print.

3. What the fuck can they do about it besides stop using our money?

Seize assets? Not if we pay them in our currency.

Worst case, inflation, and people won't sell us shit payable in dollars. So what? We can make what we need here in this once great country.

[Mr MojoRisin]

Originally Posted by Yssup Rider

Sweets for the sweet dipshit. I have read your hatefully despicable parroting if RWW/TeaWipe anti-American talking points for about three years now. You and your fellow members of the Blew Men Group are shameless hypocrites.

If Donald Trump is your vision for the future, then you shoulda stayed in "Israel!" Because you'll be begging for a return to the days of the Obama administration before the first 100 days... As your hero, Donnie, would say: trust me!

If you want to read anything that is Anti-American just find yourself a copy of Obama's memoirs and go over every speech Hillary Clinton has ever spewed out. You really crack me up. Zionism is on the downslide. Quit trying to polish these turds. This country needs something far better now. If it's Trump then so be it. The real democratic party is dead it's been sabotaged by Zionist. They are nothing but trouble makers and deal in deception.


Jim

[CuteOldGuy]

Originally Posted by DSK

Then it should be easy for you to point out any incorrect statements I've posted.

I will make it easy - disprove this:

1. We print the money or electronically create it.

2. We pay everyone back with money we create/print.

3. What the fuck can they do about it besides stop using our money?

Seize assets? Not if we pay them in our currency.

Worst case, inflation, and people won't sell us shit payable in dollars. So what? We can make what we need here in this once great country.

Hyperinflation. Worthless money. Major economic collapse. You are a moron.

[DSK]

Originally Posted by CuteOldGuy

Hyperinflation. Worthless money. Major economic collapse. You are a moron.

Hyperinflation is possible but explain why it hasn't happened yet. In fact, the inflation rate and interest rates have gone down in the face of QE2.

Plus, you can hedge against it with real estate and gold.

The US dollar is too big to fail, anyway. The world needs us worse than we need them. As long as the other countries print money, we can slowly increase the debt and get essentially free money for a long time. I could see how if someone's investing imagination doesn't extend beyond government bonds paying almost nothing in interest they might curl up in a ball and be scared about hyperinflation

Plus, since spending is not going to decrease, the only alternative is raising taxes - do you want that?

[Guest040616]

Originally Posted by CuteOldGuy

You are a moron.

We agree ... once again!

[CuteOldGuy]

Originally Posted by DSK

Hyperinflation is possible but explain why it hasn't happened yet. In fact, the inflation rate and interest rates have gone down in the face of QE2.

Plus, you can hedge against it with real estate and gold.

The US dollar is too big to fail, anyway. The world needs us worse than we need them. As long as the other countries print money, we can slowly increase the debt and get essentially free money for a long time. I could see how if someone's investing imagination doesn't extend beyond government bonds paying almost nothing in interest they might curl up in a ball and be scared about hyperinflation

Plus, since spending is not going to decrease, the only alternative is raising taxes - do you want that?

Why raise taxes? Why tax at all? Just print the money. Who the hell cares? Money is free, right?


Fucking moron.

[WTF]

Originally Posted by CuteOldGuy

Why raise taxes? Why tax at all? Just print the money. Who the hell cares? Money is free, right?


Fucking moron.

You have not disproved a thing he has said. What is he lying about?

He may very well be a moron but you are doing nothing to dispel that you are the moron in this debate.

Why are you calling him a moron for basically reporting the facts...what he has said has been proven true.

[Yssup Rider]

Maybe it's a critique?

[CuteOldGuy]

Originally Posted by WTF

You have not disproved a thing he has said. What is he lying about?

He may very well be a moron but you are doing nothing to dispel that you are the moron in this debate.

Why are you calling him a moron for basically reporting the facts...what he has said has been proven true.

Find one credible economist who supports him. There aren't any. And being called a moron by you is like being called fat by Rosie O'Donnell.

[DSK]

Originally Posted by CuteOldGuy

Why raise taxes? Why tax at all? Just print the money. Who the hell cares? Money is free, right?


Fucking moron.

I'm not the guy who said Trump is in the race to help Hillary...who said that???

You still haven't disproven it, and inflation has never been lower that I can recall, the dollar is strengthening against other currencies (except those thrifty gnomes of Zurich)and commodities, even in oversupply, shouldn't continue to sink.

Plus, even fucking gold has gone down over the last several years while the deficit has expanded - so show us all where you are right and I'm wrong.

[CuteOldGuy]

Originally Posted by DSK

I'm not the guy who said Trump is in the race to help Hillary...who said that???

You still haven't disproven it, and inflation has never been lower that I can recall, the dollar is strengthening against other currencies (except those thrifty gnomes of Zurich)and commodities, even in oversupply, shouldn't continue to sink.

Plus, even fucking gold has gone down over the last several years while the deficit has expanded - so show us all where you are right and I'm wrong.

Your massive error and ignorance will be exposed soon. Inflationary pressure is increasing and even the FED is having trouble containing it. The world is rumbling about a new reserve currency. Possibly the Yuan. This artificially managed economy is about to crash. Who will win? Who will benefit? The same ones that always do. But this will be massive. It's planned, and it's working, thanks to dumb bastards like you.


As far as Trump helping Hillary, watch and learn, my ignorant friend. Watch and learn. You have no idea how the real world works.

[Yssup Rider]

Do you discuss these theories with your helpers down at your donut shop, JL?

[lustylad]

Originally Posted by CuteOldGuy

Find one credible economist who supports him. There aren't any.

Modern Monetary Theory (MMT) sounds close. You fringe types might like it. By the way COG - which economists do you consider “credible”?

https://en.wikipedia.org/wiki/Modern_Monetary_Theory

Originally Posted by CuteOldGuy

Inflationary pressure is increasing and even the FED is having trouble containing it.

What's your source, COG? Mine says exactly the opposite:

"In September 2013, the Fed forecast that 2015 inflation would be 1.6%–2%. It ended up coming in at 0.4%... Inflation has consistently run below the Fed’s 2% target... if the Chinese economy implodes, inflation will probably remain muted."

http://finance.yahoo.com/news/federa...150641932.html

Originally Posted by CuteOldGuy

The world is rumbling about a new reserve currency. Possibly the Yuan.

Yeah, the IMF just added the yuan/renminbi to its SDR currency basket. Big fucking deal. The move is purely cosmetic and political. In order to gain any traction as a global reserve currency, the Chinese will need to completely refashion their economy. It ain't happening anytime soon.

"Any country that wants its currency to actually function as an international reserve must supply the rest of the world with claims in that currency, either by running trade deficits or by providing large amounts of aid or investment capital. Until now, at least, China’s development model has been based on precisely the opposite: running trade surpluses and attracting foreign investment. In the process, rather than exporting its own currency, it has imported an astonishing $4 trillion in other countries’ currencies, which it holds as central bank reserves."

http://foreignpolicy.com/2015/06/16/...ng-rights-imf/

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