Yours neither
Beware the Soros zombies
- Thread starter Tom B
- Start date
You guys are all worried about how the leftists are going to take over everything. My only question is what is the other side waiting for? Soros gets all the publicity, but there are millions of rednecks and skinheads just waiting for their day in the sun. The first time Martin Luther King tried to march , they came within a hairs breadth of getting shot up. It's only a matter of time before the opposition comes out. I'm surprised it hasn't happened already.
that is exactly the issue I am wish to avoid.
I wish that the cronies and the politicians would go back to long term greedy instead of what we have now which seems to be extract wealth and destroy the voters as fast as possible.
Long term greedy worked. Now, I see an move towards a showdown and a collapse.
I wish that the cronies and the politicians would go back to long term greedy instead of what we have now which seems to be extract wealth and destroy the voters as fast as possible.
Long term greedy worked. Now, I see an move towards a showdown and a collapse.
Had you answered the question forthrightly instead of throwing up red herrings I would not have had to explain that selling bonds does not create systemic inflation the way I did.
This is more for Jem's benefit than the many other ET posters who do understand that there is a link between heavy deficit spending in multiple years and inflation. Of course deficits aren't the only cause of inflation, nor do deficits necessarily have to lead to inflation, particularly during recessions with high unemployment. The period of the early eighties is interesting because there we had the tail end of inflation related to the Nixon shock compounded with the Reagan inflation. By Reagan's second term the influence of the Nixon shock had largely dissipated, and after the inflection point we get a better picture of the inflation caused by the huge Reagan deficits alone. The gray and blue area at the end of the chart illustrates how clever minds can make the inflation of the monstrous Bush war deficits fade away.
The "new math" used in the 1990 and later doesn't wipe away the benefits of inflation for debtors, particularly sovereign debtors. How much inflation will benefit an individual debtor depends on how much fixed interest debt you carry relative to changes in your income relative to inflation. When the government redefines inflation downward, indexed entitlements are, of course, affected. The indexing used to adjust for inflation may not keep up very well with realized inflation! This can have a pernicious affect on those at the lower end of the income distribution scale. Its somewhat diabolical that those killed in our "continuous wars for continuous peace" come largely from the lower end of the income distribution; yet they are also the ones who get somewhat cheated on wages and entitlements when wages stagnate and entitlements are down indexed in the face of higher realized inflation..
I heard Mr. Trump last night say he wanted to build up our military. I would guess he plans to pay for the build-up by the traditional method, as I didn't hear him mention higher taxes. Maybe he's going to get Mexico to pay!!!
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Lol, nice.I heard Mr. Trump last night say he wanted to build up our military. I would guess he plans to pay for the build-up by the traditional method, as I didn't hear him mention higher taxes. Maybe he's going to get Mexico to pay!!!
nice chart... and if you see the grey you see that is a lot of inflation.... but you still did not answer the question...
If no new money is being created how is govt creating systemic inflation? The idea we were sold is that out govt borrows the money to avoid money creation and therefore avoid inflation... is it not?
I mean if you say we are going to get inflation anyway... why don't we just print it and save the borrowing costs?
If no new money is being created how is govt creating systemic inflation? The idea we were sold is that out govt borrows the money to avoid money creation and therefore avoid inflation... is it not?
I mean if you say we are going to get inflation anyway... why don't we just print it and save the borrowing costs?
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Why are economy is screwed long term.
MarketWatch @MarketWatch 5m5 minutes ago
Karl Marx tops the list of most assigned economists in U.S. college classes http://on.mktw.net/29Isx7a
MarketWatch @MarketWatch 5m5 minutes ago
Karl Marx tops the list of most assigned economists in U.S. college classes http://on.mktw.net/29Isx7a