Letter to the President of America Regarding New School of Economic Thought.

[morganist]

Quote and Answer ZTrader888.

I don't think U.S. tax law would permit your model. The government is in the business of spending money, not making it. It generates revenue via taxes. Pension funds in the U.S. fall under for-profit SEC laws I think.

Answer: I am trying to get the government to make its own money stop them from taking so much in taxes. This should help the economy to grow. I was hoping the government would introduce new pension products being involved in the new product development and licensing process to charge a direct commission for use. The government can alter pension regulations to make the system more efficient.

As regards inflation, monetary policy in the U.S. has held inflation in check to the point where negative inflation was even discussed (also not a good thing).

Answer: The problem with using the interest rate to control the economy inflation in particular is that it tends to put the inflation control target as a more important factor than the commercial aspect of the interest rate. For example interest rates should be higher to reflect risk but the central bank lowers the interest rate to hit economic targets. The other side of this is when inflation is high and interest rates rise and it causes defaults. A simple change to the amount that can be saved in a pension contribution each month can easy accomplish the same outcome as an alteration in the interest rate without the consequences and with some advantages too.

In the U.S. the bond market usually covers the increase in debt - the Fed just issued a new 20 year bond and is seriously discussing a 100 bond issue. The U.S. dollar is still the reserve currency - and that's why countries buy our bonds at auction - because their currencies are generally not worth much.

Answer: If it is treasury bonds tax payers have to pay it back with interest and it becomes expensive. With pension saving alterations no interest repayment is required just a change in pension saving habits. It can also impact currency value and other macroeconomic functions if too much treasury debt is issued. If it is corporate bonds it may be beneficial and help to provide secure fixed income for pension funds something I approve of.

If we ever went back on the gold standard, perhaps your model would be of use. But the way I see it, what works for the EU and other countries doesn't necessarily work in the U.S.
Also another thing - the UK can't pay for its entitlements - its healthcare system is no better than a third world country. Unemployment is high and manufacturing is practically ancient history. I don't see how your model helps any of that at all. Perhaps you can explain.

Answer: Unemployment is not high it is at the lowest levels ever recorded and dropped around the time they started using pension reforms. In terms of the healthcare system it is expensive I agree but irrelevant to my work.

I reckon I can get my model working one way or another and it can at least be used as a backup. It is simple if inflation rises too much then increase pension saving alternatively if economic growth is low then optimise the pension system.

 

[piezoe]

Have you seen him there then? Do you know him?

I am going by what Lev Parnas said about him. Also there is a new book out by two well known WAPO reporters, "A Very Stable Genius," which confirms that the President has hired people after chatting with them a few minutes and without much background checking. Which partly would explain the turn over rate in his administration, which I would guess is the highest of any U.S. president. A number of those he has hired have done jail time, are in jail, going to jail, or about to be sentenced. He operates by the seat of his pants so to speak, according to those who do know him well, like Parnas -- who the president claims not to know, despite there existing many pictures of the president and Parnas socializing together, and despite Parnas having tape recordings of conversations with the president and having worked closely and directly with the president's personal attorney. Trump is known to be a regular visitor to his D.C. Hotel, and is seen coming and going there. Of course he has a security detail, but by all accounts is quite accessible. And yes, by all accounts, he doesn't read. We know he can read when he has to, because he reads in a monotone off a teleprompter. He often sounds like he is reading his speeches for the first time off the prompter. But yes, other then when he has to, he avoids reading, according to his aides. They bring him written briefings and reports. He ignores them. They give him oral briefings, and he drifts off within minutes. He has an extremely short attention span. He gets his news from social media and FOX TV and often consults with popular TV commentators for advice. In just the past three days he has posted more than 300 tweets in which he taunts his political enemies and calls them by insulting and derogatory names. He claims publicly to be an expert on many wide ranging topics; yet he is not someone you would describe as an intellectual. He claims to be and expert at business deals yet has had many major bankruptcies and most of his businesses have failed. Before he became president, virtually no U.S. bank would loan him money. He now lives off the U.S. tax payer. Other income is from selling his name tacked onto buildings. Many of his current business holdings are financed by money coming from outside the U.S., particularly Russia, or individuals associated with Russia. A number of these ventures are reportedly losing money. A former wife did say that he kept a copy of Hitler's speeches, must have been translations, on his bedside table, and studied them. So that's more evidence that he can read, at least at a level to get through Hitler's speeches. As long as you remember to praise him often and effusively, by all accounts he will like you, and you would likely get along fine. By the way, he is a pathological liar, so don't depend on anything he says to be necessarily true.

I know this sounds absurd and couldn't possibly be true. But it is true and is easily confirmed.

 

[morganist]

I am going by what Lev Parnas said about him. Also there is a new book out by two well known WAPO reporters, "A Very Stable Genius," which confirms that the President has hired people after chatting with them a few minutes and without much background checking. Which partly would explain the turn over rate in his administration, which I would guess is the highest of any U.S. president. A number of those he has hired have done jail time, are in jail, going to jail, or about to be sentenced. He operates by the seat of his pants so to speak, according to those who do know him well, like Parnas -- who the president claims not to know, despite there existing many pictures of the president and Parnas socializing together, and despite Parnas having tape recordings of conversations with the president and having worked closely and directly with the president's personal attorney. Trump is known to be a regular visitor to his D.C. Hotel, and is seen coming and going there. Of course he has a security detail, but by all accounts is quite accessible. And yes, by all accounts, he doesn't read. We know he can read when he has to, because he reads in a monotone off a teleprompter. He often sounds like he is reading his speeches for the first time off the prompter. But yes, other then when he has to, he avoids reading, according to his aides. They bring him written briefings and reports. He ignores them. They give him oral briefings, and he drifts off within minutes. He has an extremely short attention span. He gets his news from social media and FOX TV and often consults with popular TV commentators for advice. In just the past three days he has posted more than 300 tweets in which he taunts his political enemies and calls them by insulting and derogatory names. He claims publicly to be an expert on many wide ranging topics; yet he is not someone you would describe as an intellectual. He claims to be and expert at business deals yet has had many major bankruptcies and most of his businesses have failed. Before he became president, virtually no U.S. bank would loan him money. He now lives off the U.S. tax payer. Other income is from selling his name tacked onto buildings. Many of his current business holdings are financed by money coming from outside the U.S., particularly Russia, or individuals associated with Russia. A number of these ventures are reportedly losing money. A former wife did say that he kept a copy of Hitler's speeches, must have been translations, on his bedside table, and studied them. So that's more evidence that he can read, at least at a level to get through Hitler's speeches. As long as you remember to praise him often and effusively, by all accounts he will like you, and you would likely get along fine. By the way, he is a pathological liar, so don't depend on anything he says to be necessarily true.

I know this sounds absurd and couldn't possibly be true. But it is true and is easily confirmed.

There is another thing that gets things moving that I think Trump is good at. The letters I send and the format is something that makes the world work. I cannot see Trump getting to where he has without being involved in this format of communication. He will have a really good letter layout with a good letterhead and send many letters like this to business contacts and hopefully on a political level too now he is in power. If there is anything he will take notice of it is the type of letter that I have sent to him, even if it is just a quick look or glance when it has been brought to his attention. Well written covering letters and detailed papers are what makes the political and business world work, he will be very involved in this process.