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It doesn't matter whether the bank needs to see an income stream or not. You have to pay back the loan or the bank will sell your collateral.

But why would you intentionally do that?

Has this Greene person not been unseated yet. The House has rules that I think would allow them to unseat this disruptive member. Does it take a two-thirds vote or something? I wonder why they haven't unseated her. (That's a quaint phrase, isn't it? "unseat", as if while you weren't paying...

Ha ha ha. There is no more reliable indicator of someone having lost an argument than their having fallen back on ad hominem attacks.

Not surprising. Among the Earth's nearly eight billion people there is bound to be millions of fools.

"The beginning of wisdom is to call things by their proper name" ~ Confucius I should remind you that when the central bank buys bonds it is reducing the so called "debt", As this action reverses what the Treasury did when it sold the bonds. In one case bonds are swapped for dollars; in the...

And too, Putin is a good psychologist. He's knows Donald can be bought, and easily so. When Donald makes money it reinforces his sense of being brilliant, or in his own words, of being "a stable genius."

Something is not making sense to me. You can borrow against assets as collateral and live on the borrowed money, but why??? No bank will loan to you unless you have an income stream from which to pay back the loan. True, the interest would be much less than the tax rate would be were you to...

I can imagine it is quite hard to live with. Do you get to the point where it can be ignored? That is to say do you get so used to it after a while that you don't notice it anymore. Is there no known treatment that works? I did know someone who suffered from tinnitus, and I think they sought...

Whatever. I posted not just for your benefit but for others too who are caught up on the size of debt and deficit without correct understanding. It is a common error. I made it myself for years. You seem to be hung up on MMT, and although I know MMT fairly well, it has little to do with...

This Peterson bit on the narrative and objective world touching, the morality of mankind and Christ, being so conveniently rationalized, because, as Peterson explains, we can ignore the lack of reliable evidence for the actual existence of a Christ at the right time and place, since, ya'know, at...

It's a small ostrich egg. Once it is injected into your body it continues to grow.

What would be nice to know is the real origin of this disruptive insanity. I wonder if U.S. intelligence knows. And if they do, why aren't they telling us? . Is it those pesky Russians again (or still), UAE or the Saudis again. Paul Manafort's out of prison! Actually that entire bunch of...

I don't know if this is right, but it sure is hilarious, and damned if it doesn't seem intuitively right!

You've made observations that can not be argued with, but your attributions are all wrong. You need to look to those that determine spending and tax policy, rather than to regulators and bill payers. The Fed and Treasury simply react within the confines of the orders they have been given...

Thank you! I just now tuned in, and I find that you have beautifully answered a statement I would have been otherwise obligated to answer.

If you stopped to think you'd realize that it is impossible for what you believe is true to be true. Role back to time zero and ask yourself were money to run a private sector economy including money for savings comes from if every year a government runs a balanced budget; thus taxing back out...

One comes from the other. Deficits represent new money created and spent into the economy. Since printing to spend is frowned upon, U.S. practice is to match new money with Treasury security sales. Without deficits there would be no money for net household savings. Of course deficits can be too...

I guess it's my upbringing, but I am having trouble feeling sorry for him.

For related discussion see the thread I started in Politics two days ago: The Nexus among White Supremacists, Unvaccinated COPs, Trump? I'd be interested in your comments.