tag:blogger.com,1999:blog-20377909.post7107489841275994809..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Open ForumRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-20377909.post-53014666539843481342009-02-26T17:46:00.000-08:002009-02-26T17:46:00.000-08:00I've became rather fond of James Quinn's point of ...I've became rather fond of James Quinn's point of view though I don't agree with everything he says. He released another barn burner article today. Here's the link for that <A HREF="http://www.financialsense.com/editorials/quinn/2009/0226.html" REL="nofollow">As General Motors Goes, So Goes the Nation</A>. I noticed that he has his own site now called "The Burning Platform". Not sure how long it's been around but I just noticed it tonight. So anyways here <A HREF="http://theburningplatform.com/" REL="nofollow">THE BURNING PLATFORM</A> is the link for it.JustiN_N_ilhttps://www.blogger.com/profile/14666475732120476254noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-4353480605604046462009-02-26T00:03:00.000-08:002009-02-26T00:03:00.000-08:00Cpt.Moroni,I believe the US Dollar was already hyp...Cpt.Moroni,<BR/>I believe the US Dollar was already hyperinflated as of 12 years ago from an Austrian Economics perspective. There is always a delay between printing and price inflation. The 12 year (or more) lag is due to A) Asia soaking up excess $'s B) 9/11 and the war on terror soaking up excess $'s, and C) Housing bubble soaking up excess $'s. Now with all the sponges gone, those excess $'s must find somewhere to go.<BR/><BR/>I agree with you. We are in trouble even WITHOUT the current printing!<BR/>-RaulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-73725174504384536782009-02-25T23:38:00.000-08:002009-02-25T23:38:00.000-08:00So I've looked at the Global Money supply and I've...So I've looked at the Global Money supply and I've made a conclusion. Someone correct me if I'm wrong.<BR/><BR/>Suppose The United States didn't print anymore money. If an honest correction were to be made of all currencies, the dollar would devalue greatly. It is one of the most abundant currencies, so therefore it should be worth the least right...? (Supply/Demand rule) And this is if no more were printed...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-13116777107947804052009-02-25T21:23:00.000-08:002009-02-25T21:23:00.000-08:00Majority Of U.S. States Join Sovereignty Movement,...<A HREF="http://newworldliberty.wordpress.com/2009/02/23/majority-of-us-states-join-sovereignty-movement-assert-10th-amendment-rights/" REL="nofollow">Majority Of U.S. States Join Sovereignty Movement, Assert 10th Amendment Rights</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-5224674915978370642009-02-25T20:24:00.000-08:002009-02-25T20:24:00.000-08:00Just wanted everyone to know that I ordered some s...Just wanted everyone to know that I ordered some silver from the link on the right side of randy's blog (<A HREF="http://www.superiorsilverco.com/" REL="nofollow">SuperiorSilver</A>)about 1 week ago (I spoke with David) and just received my beautiful Liberty Buffalo coins. A Great experience and I'm happy as a clam!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-31953086866598556602009-02-25T19:46:00.000-08:002009-02-25T19:46:00.000-08:00The Crisis of Credit Visualized - Part 1<A HREF="http://www.youtube.com/watch?v=Q0zEXdDO5JU&eurl=http://collateralnews.tv/&feature=player_embedded" REL="nofollow">The Crisis of Credit Visualized - Part 1</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-61440483165215036202009-02-25T18:34:00.000-08:002009-02-25T18:34:00.000-08:00A planet at the brink?<A HREF="http://www.atimes.com/atimes/Global_Economy/KB26Dj02.html" REL="nofollow"> <BR/>A planet at the brink? </A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-48201043750472562852009-02-25T17:45:00.000-08:002009-02-25T17:45:00.000-08:00A clip of Ron Paul on CNBC. Notice how the bobble...A clip of Ron Paul on CNBC. Notice how the bobblehead anchors loathe his harsh words of reality by dismissing missing the opening statements as a waste of time.<BR/><BR/><A HREF="http://www.youtube.com/watch?v=aW2V50AS7K0&eurl=http://whatreallyhappened.com/&feature=player_embedded" REL="nofollow">Ron Paul clip</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-41050466317812360852009-02-25T17:12:00.000-08:002009-02-25T17:12:00.000-08:00Everybody can relax. Here is what Ben said."There...Everybody can relax. Here is what Ben said.<BR/><BR/>"There is a reasonable prospect that the current recession will end in 2009"Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-86566160464212819842009-02-25T14:49:00.000-08:002009-02-25T14:49:00.000-08:00According to this graph the US economy already s...According to <A HREF="http://www.martincapital.com/chart-pgs/Ch_labwk.htm" REL="nofollow"> this </A> graph the US economy already started to tank in the 4th quarter of 1997. The average number of (overtime) hours worked per week peaked in late 1997 and did not fully recover during the timeframe 2003-2007. Other scary graphs are this <A HREF="http://www.martincapital.com/chart-pgs/Ch_hous.htm" REL="nofollow">one</A> and <A HREF="http://www.martincapital.com/chart-pgs/Ch_loans.htm" REL="nofollow"> this </A> one. See how the graph fell off a cliff in 2001. This was IMO the reason Alan Greenspan agressively lowered interestrates in 2001.<A HREF="http://www.martincapital.com/index.html" REL="nofollow">This website</A> has many interesting graphs available.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-52443173062991737082009-02-24T21:19:00.000-08:002009-02-24T21:19:00.000-08:00Randy, Great site. Man, I wish I had found it b...Randy, <BR/> Great site. Man, I wish I had found it before PCSing here to Nellis from Aviano a couple of years ago...and buying a house. That underwater, 1/2 investments, job loss (wife) scenario you mentioned above...yeah, that's me. :-) <BR/> Fortunately, I have the relative guarantee of the military paycheck and healthcare. Vegas may have wiped me out but I should be able to rebuild. <BR/><BR/>Take care, keep up the great work.<BR/>RobRobhttps://www.blogger.com/profile/06788171344124235068noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-26580555620775626082009-02-24T17:30:00.000-08:002009-02-24T17:30:00.000-08:00Most of you probably know something about Sibel Ed...Most of you probably know something about Sibel Edmonds. I have read a lot of articles concerning her story. It's more evidence of utter corruption among the upper echelon. Pass this around to your friends.<BR/><BR/><A HREF="http://video.google.com/videoplay?docid=6063340745569143497&hl=en" REL="nofollow">Sibel Edmonds</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-47720014665381653932009-02-24T16:32:00.000-08:002009-02-24T16:32:00.000-08:00How the Economy Was Lost<A HREF="http://www.vdare.com/roberts/090223_economy.htm" REL="nofollow">How the Economy Was Lost</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-78775952389281996632009-02-24T16:29:00.000-08:002009-02-24T16:29:00.000-08:00Bank Nationalization Isn't the Answer<A HREF="http://online.wsj.com/article/SB123543631794154467.html" REL="nofollow">Bank Nationalization Isn't the Answer</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-67369361998763165052009-02-24T16:28:00.000-08:002009-02-24T16:28:00.000-08:00"40"<A HREF="http://www.youtube.com/watch?v=yHAbiQqJSyk&feature=related" REL="nofollow">"40"</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-14841836069454206912009-02-24T13:31:00.000-08:002009-02-24T13:31:00.000-08:00http://www.youtube.com/watch?v=t9Ww4Nu8_UU&fea...http://www.youtube.com/watch?v=t9Ww4Nu8_UU&feature=PlayList&p=799B1D8D473CBC14&index=41Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-9546666468137836452009-02-24T07:47:00.000-08:002009-02-24T07:47:00.000-08:00Another good read from Quinn.THE BURNING PLATFORMAnother good read from Quinn.<BR/><BR/><A HREF="http://www.financialsense.com/editorials/quinn/2009/0218.html" REL="nofollow">THE BURNING PLATFORM</A>Justin_n_ILhttps://www.blogger.com/profile/02364920951342189988noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-82835868670620048172009-02-24T07:20:00.000-08:002009-02-24T07:20:00.000-08:00An explanation to why Japan's economy had difficul...An explanation to why Japan's economy had difficulty.<BR/><BR/>http://seekingalpha.com/article/122220-the-moral-of-japan-s-lost-decade?source=emailAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-44887741209081035222009-02-23T22:07:00.000-08:002009-02-23T22:07:00.000-08:00"One could argue that this stimlus package will cr..."One could argue that this stimlus package will create and keep a lot of jobs. What is the counter argument? The stimulus package creates no new productivity. It steals productivity from the private sector and redistributes it to the public sector where no new value is added to our economy. Taking from one pocket and putting less in another (because the bureaucracy steals a lot of it".<BR/><BR/>I have to disagree-----the stimulus, although is not of the best quality, since it gives billions to the private sector in the form of mega-bank bailout and zombie cash injections, will create jobs, and put people back in the workforce for a period of time. Many of those people, who are now getting unemployment, or are currently underemployed, will go back into the workforce earning more than they are currently collecting or earning. Taxes will be paid to the government, and the employer will be making money, and a portion will be paid in taxes, too. The employer may actually expand his workforce, too. Not all the stimulus will be going to the public sector, actually only 4.5%. <BR/><BR/>Actually, value IS added to the economy in that for every $1 issued in the form of stimulus, around $1.23 is returned to the government. The reverse occurs with bailout.<BR/><BR/>During the 30 year long Ponzi scheme, beginning with Reagan and ending today, money had been taken from the working class pocket and placed into the non-productive economy called financial sector class. Most of which has burned up.<BR/><BR/>If China dumps our dollar, they will be cutting their own throat by creating a trade protectionist war. That they don't want.<BR/><BR/>All the currencies of the world are collapsing. The issue is how will oil be traded?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-70672816873510567722009-02-23T20:11:00.000-08:002009-02-23T20:11:00.000-08:00Randy, Thanks for your efforts. GREAT SITE ! Denni...Randy, Thanks for your efforts. GREAT SITE ! Denninger all over AIG tonight at market-ticker.denninger.net . I've been wondering - AIG operates in 130 countries of which the USA is one . Has 110,000 workers of which 30,000 (27%) are Americans. Yet American taxpayers 100% on the hook. Dot + Dot + are we getting closer ?glennhttps://www.blogger.com/profile/01155524679929226817noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-74996632639815262892009-02-23T16:00:00.000-08:002009-02-23T16:00:00.000-08:00I keep finding different values on how big the der...I keep finding different values on how big the derivative market is. What is the definitive answer? Sources?<BR/><BR/>Seems to be <A HREF="http://goldismoney.info/forums/showthread.php?t=352024" REL="nofollow">$1.14 quadrillion</A>. But I assume you come from this thread.<BR/><BR/>Most of these derivatives are like insurance policies. So do you value them at what the buyer paid? Or do you value them at what the seller will have to pay out if things go boom? Or do you value them at what they can trade for right now? Because they resell these little monsters. Or do you value them at the net value, where if A sold to B, and B sold to A, then they net out at zero. Many ways to value something that has no value and at the same time has too much value.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-40796671219667353392009-02-23T15:52:00.000-08:002009-02-23T15:52:00.000-08:001) Why did Zimbabwe experience Hyperinflation? Con...1) Why did Zimbabwe experience Hyperinflation? Confidence collapsed.<BR/><BR/>2) What happened to Iceland? Confidence collapsed.<BR/><BR/>3) What is the US doing that will send us down the same path? Killing public confidence.<BR/><BR/>4) Our Debt as a percentage compared to our GDP has not reached its maximum, so we should still be ok right? Wrong. Debt is ballooning at the same time as GDP is collapsing. Our debt can never be paid off. It will be defaulted on through currency debasement.<BR/><BR/>5) Iceland's Debt as a percentage compared to their GDP was not that large, why did they fail? Confidence collapsed.<BR/><BR/>6) How much money has the US actually injected into the system in the last year or so...? M0 - has more than doubled. That's about 1 Trillion, or slightly less.<BR/><BR/>7) How much money has Zimbabwe injuected into their system in the last year or so...? Quintillions.<BR/><BR/>8) Why will the dollar collapse...? International confidence in the dollar will collapse.<BR/><BR/>9) Why are our bonds still valuable? Because speculators are speculating on them expecting the Fed to buy them back giving the speculators a risk-free profit. No one is actually buying US bonds to hold them for 10 or 30 years. It's all a short term play that will end once they start monetizing.<BR/><BR/>10) One could argue that this stimlus package will create and keep a lot of jobs. What is the counter argument? The stimulus package creates no new productivity. It steals productivity from the private sector and redistributes it to the public sector where no new value is added to our economy. Taking from one pocket and putting less in another (because the bureaucracy steals a lot of it).<BR/><BR/>11) What will it take for China to dump our dollars? They will soon realize that what they hold is worthless. because if they dump it it's value drops and if they hold it it's value drops. Only when they buy more does it stay the same. But what good is money if you can't spend it. They will soon realize this paradox.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-75790972632937614112009-02-23T15:22:00.000-08:002009-02-23T15:22:00.000-08:00I keep finding different values on how big the der...I keep finding different values on how big the derivative market is. What is the definitive answer? Sources?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-77040614477682031662009-02-23T15:02:00.000-08:002009-02-23T15:02:00.000-08:00I have some questions:(An idiot friend I'm trying ...I have some questions:<BR/>(An idiot friend I'm trying to convice and he's real good at arguing)<BR/><BR/>1) Why did Zimbabwe experience Hyperinflation?<BR/><BR/>2) What happened to Iceland?<BR/><BR/>3) What is the US doing that will send us down the same path?<BR/><BR/>4) Our Debt as a percentage compared to our GDP has not reached its maximum, so we should still be ok right?<BR/><BR/>5) Iceland's Debt as a percentage compared to their GDP was not that large, why did they fail?<BR/><BR/>6) How much money has the US actually injected into the system in the last year or so...? <BR/><BR/>7) How much money has Zimbabwe injuected into their system in the last year or so...?<BR/><BR/>8) Why will the dollar collapse...?<BR/><BR/>9) Why are our bonds still valuable?<BR/><BR/>10) One could argue that this stimlus package will create and keep a lot of jobs. What is the counter argument?<BR/><BR/>11) What will it take for China to dump our dollars?<BR/><BR/>Any help would be greatly appreciatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-48735064857940600872009-02-23T12:18:00.000-08:002009-02-23T12:18:00.000-08:00I guess WB Willy is still MIA, let me know if you ...I guess WB Willy is still MIA, let me know if you hear anything. <BR/><BR/>Anyway it's a race to bottom to see who gets there first. <BR/><BR/>All a person can do is isolate himself and his family as much as possible from the effects of this mess (you can never be 100% isolated), you prepare as much as possible and try to ride it out for 6-12 months when the crash comes. Right now I'll still go to work, make money, save and buy what I want and get ready without going "chicken little" paranoid. <BR/><BR/>I/you/we have a ring side seat to this disaster in the makings, set back, have a beer and watch it evolve. I believe BOA and Citigroup will shtf by May. Even if Prez Obama plan helps in the short term (< 4 years), the longer term effects will hammer us in inflated and even more worthless FRNs. If you just think about, the principal on the debt from borrowed money will never be paid back (which I doubt was every planned), it’s too great. But the interest on that debt must be paid by law. Therefore I think when the debt interest payment vs collect income taxes reaches 50%+ congress will have to increase taxes even more and/or inflate dollars and/or create/borrow more money (right now its some where’s around 30-35%, 500b interest payment vs 1.5T in taxes collected). The baby boomer will come on line in the next 5 years, more out flow, all the number are + -, but you get the idea, even if our income goes up and more taxes are collected, the insatiable feeding frenzy of congress will never go away. <BR/><BR/>We need to drive a stake through this zombie. <BR/><BR/>I think I’ll move to Bali, I have relatives there. Maxyn and I are going to Indonesia this year to see the in-laws. The Hindus are a smart and gentle people, I think I’ll buy an island, put on grass skirt and drown a worm. Say hi to the wife and gang, I’ll suck down a brew for you.<BR/><BR/>JimAnonymousnoreply@blogger.com