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So what? How does that answer the question of why the Yen is strong now relative to the dollar? Do you mean to say that because the Dollar is used to price and trade oil; that makes it weak compared to the Yen which is not so used?

The Japanese Yen is strong relative to the dollar becuase people and companies (Japanese) are selling the dollar, or the dollar assetts and converting to Yen or yen assets. Japan is the second largest foreign holder of U.S. Treasury instruments...when they bought those treasuries the converted...

If you understand the difference between the 'Special Government Securities', which are simply IOU accounting entries showing the Treasury has promised to borrow money to pay SS obligations when SS begins to run a deficit, and real 'Treaury Securities', which are tradable legal contracts to pay...

Piezoe and Trefoil, your imagined law suit would be really interesting...nominally we would see Tim Gietner as Trustee of the SS 'Trust Fund', represented by Eric Holder, Attorney General of the United States, suing Tim Gietner, Treasury Secretary, Defended by Eric Holder, Attourney General of...

Trefoil & Piezoe, I told you guys the truth about SS Fund and what it is, what is in it and what it means. I did it with specific explanations. You both seem to refust to understand it, even to understand what a 'contract' is at law, and what 'contract' means in a legal security, a 'contract...

You give me a casual observation that you notice that sometimes agencies can sue the government and then you assert, incorrectly that SS can sue the government as a 'creditor.' Obviously you don't understand the law or anything that I have been talking about. What is this that you don't write...

Random, I apologize for taking the analytical leap that your comment was ideologically motivated. I did not meant to psychoanalyze you; I was just reading what you wrote. So, lets forget the ideological motivation. I stand by the rest of what I said. Part of what I said applies again...

The SS Trust Fund does not own a single 'Treasury.' It only buys and only owns 'Special Government Securities.' I don't know why I have to keep pointing this out. You can go to thier site and see it. A 'Special Government Security' is non marketable and subject to changes in its...

Random, your assertions are inaccurate; clearly driven by political ideology and not honesty. The legislation was called the Social Security Reform Act of 1983; it went into effect in 1984. Reagan campaigned on a policy of making SS voluntary and reducing benefits. After he becaem...

Do you remember the name of the bill, the legisation, that purportedly did that?

Random, I don't understand what you mean, please explain it. What did Reagan do? What was the legislative change or executive order that you seem to be referrring to...can you be specific?

A lot of countries do that...that is what sovereign wealth funds are, that is what the Japanese post savings does. Certainly if we had done that since the beginning of SS then we would not have a problem now. There would be real assets contributing to pay the benefits, there would have been...

Piezoe, what do you think is in these imagined 'Trust Funds' of yours...you think there is a lock box with something in it? All SS revenue and all Medicare revenue is collected by the Treasury Department and it is deposited in the general account as received to be used to pay current...

Piezoe, you are disingenuous. There are no facts in what you wrote. It all opinion based on mistakes. Don't patronize me by hoping this or hoping that; just read what I wrote, forget about hope, and deal with what I said; if you think I am wrong point out the 'facts' that are wrong. If you...

Piezoe, small businesses, beyond sole prorietorships, are started directly by rich people or rich people put up the venture capital. They do the calculus about return even if the guy with the dream would settle to buy a salary. Growth of real wealth, properly understood, is the positive...

Gastro...I never worry about being justified, these posts are my thoughts, they exist outside any concept of justification. They make sense or they don't, they are right or they are wrong, they are never justified. I am flattered, humbled, howerver that you remembered my comment and offered...

This is why I often say that you should not be too critical of the ignorant; they are really quite high up the human consciousness tone scale. I am quite ignorant in many areas and I accept that realization as a positive thing. An ignorant person is a person who knows that they don't know...

Problem with the personal income and corporate income tax charts is that the basic metrics are confused and conflated so that they don't measure change in either corporate income tax or personal income tax accurately. Most U.S. corporations, now 85% of all U.S. corporations, up from around...

No, Greece is toast. The simple bottom line truth about debt is that the problem occurs when the aggregate return on assets is less than the service cost of the debt. The only solution to a debt problem is to invest in the creation or maintenance of assets. You have to grow the asset base...

Yes, good follow up. Someone should send a copy to Ireland.