King Obama: The Fall

[pspr]

Quote from Lucrum:

Are you trolling, or just really that fucking ignorant?

You showed up late for Buckwheat's drive by. He got off a few good shots but I think we riddled his car with our response.

Load up and get ready for next time.

 

[PHOENIX TRADING]

Quote from RCG Trader:

I answered it, more than twice.

No you didn't answer the question/s ya stupid fucking putz.
verbatim quoted below.

My question to you is: If all this money printing is innocuous like the dipshits like rcg , ricter, futurecunts etc claim Then why even have an income tax at all?
Why not just print all the money gubbermint needs?

 

[Lucrum]

Quote from pspr:

You showed up late for Buckwheat's drive by. He got off a few good shots but I think we riddled his car with our response.

Load up and get ready for next time.

It was a rhetorical question anyway. Most here know Buckwheat is an ignorant lying troll.

 

[PHOENIX TRADING]

Quote from RCG Trader:

You are a redneck, and a very brief compilation of your post will solidify that to all those who have grey matter and are not from Alabama.

Honestly you give black people with an IQ over 90 who want to improve themselves a bad name.

 

[PHOENIX TRADING]

Quote from RCG Trader:

You racist rednecks have been using 1)pseudo science to justify your racism for many, many years.

http://en.wikipedia.org/wiki/Scientific_racism

The term scientific racism is pejorative as applied to contemporary theories, such as in The Bell Curve (1994), which investigated racial differences in IQ,2) concluding that genetics explained at least part of the IQ differencesbetween races. [8]

1) I'm sorry it's not pseudo science that notes the significant differences between the races on standardized testing.
You just can't handle the truth of the results.

2) Are you really sure you want to go with that line of thinking buckwheat?

So you want to argue that genetics explains NO part of the IQ differences?

I'll bet you want to say it's family wealth.

oops that didn't work
Childhood starvation: nope WIC

So if genetics is out (according to you) controlling for family income is out, starvation is out, what's left?


Looks like you've hung your hat on:
Crappy parenting and maladaptive cultural attitude:

 

[PHOENIX TRADING]

Quote from RCG Trader:

Because prices will adjust accordingly at some point.

Which is exactly what we conservatives/Austrians/libertarians have been warning your stupid ass about.

 

[PHOENIX TRADING]

Quote from RCG Trader:

No, it will be slow, incremental. Like our gas hikes. I remember, as do you when gas was a buck. Well, new drivers could care less.

Boiling frog.

It will be slow. Very slow. But we will not default. Or, let me say we will not Officially default.

Sorry but that makes no sense.
You are pretending that inflation will be across the board everywhere simultaneously so as for the consumer to not notice nor care.

That's great , but that scenario does nothing to materially change the proportion of debt outstanding.

 

[Ricter]

Quote from Tsing Tao:

Once again, an irrelevant chart.

Even RCG acknowledged that all that money is sitting in reserves right now.

Right. That's why there's no Fed induced inflation.

 

[Tsing Tao]

Quote from Ricter:

Right. That's why there's no Fed induced inflation.

Yet. The problem is, the Fed really can't reverse that money and pull it back out of reserves. So instead, we have cost-push inflation, where commodities rise (because banks simply use the excess cash as collateral to buy assets), but finished goods continue to fight over price. This is why food is more expensive (since there is little difference between raw material and final product) and hedonics on things like washing machines and computers allow the BLS to report lower CPI.

Why do you think the Federal Reserve never lowered the rate they pay on deposits? They could make it negative if they wanted, and then banks would be tripping over each other to get it into the economy through loans or anything else. The Fed knows this would spike inflation.

 

[Ricter]

Quote from Tsing Tao:

Yet. The problem is, the Fed really can't reverse that money and pull it back out of reserves. .

Yes it can, and it can be done gradually. I was reading about a real world example just last week. I have no doubt that that's precisely what the Fed will do.