Recent content by TheTrucker

Are you people rightarded? This thread started as a lie and it still is. The title of the thread was "18.3% of personal income is from food stamps" and it linked http://www.usatoday.com/news/usaedi...ntsnew_ST_U.htm Which says "A record 18.3% of the nation's total personal income was...

This is where the MMT people are tripping over the banking system. BOTH government spending AND bank lending create money. And the bank money trades at par with government fiat money. It is said that bank money disappears as it is repaid; that the note backing it is extinguished and the...

Peter is "right". The dollar is falling and will continue to fall until the trade deficit is corrected. That is what competing currencies do and it is right and proper that this happens. He is also right from an investor point of view. People should run away from dollars and dollar...

The inappropriate title is called "lying". The bulk of that 18.5% is Social Security and it is funded with WAGE taxes. That system had to rely on a small infusion from its trust funds (money paid into it by worker bees) last year. It was not actually a drag on the REAL BUDGET. As a matter of...

People who "have stocks" don't "have money" or "near money" because they traded the money or near money for the stocks. Whoever sold the stocks now "has money". Unfortunately, many who "have money" will instead buy futures contracts in oil and gold as opposed to buying stocks. But all such...

The FED is "accommodating" the political train wreck being caused by Republicans and neoclassical synthesis nutters. It is truly unfortunate that the currency must be sacrificed on the alter of the rich because infrastructure spending cannot blow money into the economy where it needs to enter...