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  • Consequences Of A Farmland Bubble, And Who Gets Hurt When It Bursts? [View article]
    "History is fun to read."

    Yes.
    Feb 23 03:39 PM | Likes Like |Link to Comment
  • Pension Tension: How States And Cities Are Coping [View article]
    Is it reasonable to assume that the stock market's explosive rise since 2009 has not only made the rich a lot richer, but has also improved the solvency of numerous pension funds, and relieved some of the financial pressure on state and local governments resulting from previously incurred pension obligations?
    Feb 21 06:11 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Democrats have exactly the same complaints about Republicans.
    Feb 21 06:05 PM | Likes Like |Link to Comment
  • Consequences Of A Farmland Bubble, And Who Gets Hurt When It Bursts? [View article]
    Italy and German were not socialist nations, nor were National Socialists (Nazis) people who "simply wanted socialism on a smaller scale." This is a misunderstanding. Fascism and communism were profoundly different in ways that made them mortal enemies. The secret non-aggression pact between Hitler and Stalin was nothing more than an expedient for both sides -- and a deception by a scheming Hitler that a gullible Stalin swallowed whole.

    The fact the Nazis called their party "the National Socialist Workers Party" did not make them socialists any more than the common phrase of "Democratic People's Republic of [fill in blank]" used by communists to label their regimes makes communist countries democratic republics. These meaningless labels conveyed nothing about the true nature of the Nazi or communist regimes.

    Any comparison of Hitlerian Nazism with Soviet communism must begin with the understanding that the role of ideology was vastly different for the Nazis and Soviets. For the Soviets, imposition of communist ideology on society was a primary goal, with empire-building a secondary goal. For Nazis, ideology was just another tool for creating a mass political movement at home, and empire-building was a primary goal, as Hitler believed territorial expansion ("lebensraum") was key to German survival, and he specifically had his eye on Poland and the Ukraine. To the extent Nazism adopted elements of socialist practice, such as nationalized health care, these were expedients for the purpose of exerting control. For example, by controlling Germany's health care system, the Nazi regime could more easily carry out its program of genocide against disabled people, mental defectives, and targeted ethnic minorities. Hitler was more an opportunist than ideologue. He thought in terms of German nationalism and racial superiority, but primarily he thought in terms of what would facilitate the advancement of German hegemony over Europe, and Nazi ideology was shaped to fulfill this purpose.

    Nazism and communism are both totalitarian in character, but most political scientists consider Nazism to be extreme right wing and communism to be extreme left wing, at opposite ends of the ideological spectrum, and diametrically opposed. Real-life history confirms this; Hitler hated Bolshevism and wanted to destroy it. Within Germany and in territories he conquered, communists were second only to Jews on his enemies list, and he persecuted and killed communists. Stalin initially thought he could do business with Hitler, and either failed to appreciate how incompatible these systems were with each other, or found it convenient to sweep that under the rug. As we know, he was profoundly mistaken.

    Of course, the use of "fascist" (by liberals) and "socialist" (by conservatives) labeling in contemporary American politics is merely hyperventilated name-calling by overwrought partisans.

    You can call me a "worker" and a "capitalist" if you like, as I worked for over 40 years (I'm retired now) and if being a stockholder and small business owner doesn't make me a capitalist, then I don't know what does.
    Feb 21 04:02 PM | 1 Like Like |Link to Comment
  • World Weather Gone Haywire - Effects On Brazil, Natural Gas, CRB Index And The Economy [View article]
    "Of course war itself would do much to contain the so called population problem."

    Disease works much better. The 1918 influenza pandemic killed far more people than World War 1 did. War-torn countries tend to end up with more population than before the war. What do you imagine people do in bomb shelters? Read books?
    Feb 20 07:57 PM | 1 Like Like |Link to Comment
  • Consequences Of A Farmland Bubble, And Who Gets Hurt When It Bursts? [View article]
    Robert, I agree with you that Congress ought to kill RFS2. I just want you to back off the partisan blame game. Both parties pander to special interests, in this case farm belt interests. The ethanol nonsense is a product of the Washington D.C. system, not the baby of one political party. They both have their fingers in this. Your efforts to portray it as a Democratic boondoggle are beyond lame.
    Feb 20 11:23 AM | 1 Like Like |Link to Comment
  • Consequences Of A Farmland Bubble, And Who Gets Hurt When It Bursts? [View article]
    "If Republicans can have their was all this RFS2 stuff is gone."

    And the only thing standing in their way is all those Democrat farmers in Iowa, Kansas, and Nebraska ...
    Feb 20 12:40 AM | Likes Like |Link to Comment
  • Consequences Of A Farmland Bubble, And Who Gets Hurt When It Bursts? [View article]
    "Ethanol has the same problem the industrial and mining unions have. They all rely on the Democratic Party for support ..."

    Really, Robert? The 2005 Energy Policy Act was enacted by a Republican-controlled House, a Republican-controlled Senate, and signed into law by a Republican president.
    Feb 18 12:03 PM | 3 Likes Like |Link to Comment
  • 'End The Fed' And QE On Trial: 10 Questions For Critics Of The Fed [View article]
    No, I'm not interested in arguing politics with you. I don't have time for that. I'm here to invest successfully.
    Feb 17 08:47 PM | Likes Like |Link to Comment
  • A Wealth Effect That Did Not Trickle Down [View article]
    If the Fed's goals are to inflate asset values in order to create a "wealth effect," and it's my understanding that's what Bernanke said, then it's true that I'm wealthier on paper because my home and stocks are worth more. But I do not have more spending money because my home is worth more on paper; I have less, because that makes my property taxes go up. Nor do I have more dividend income because my stocks are worth more on paper. If I take profits, I get a one-time windfall, but my dividend income stops, and again I end up with less disposable income. Thus a cynic might conclude that asset inflation serves mainly to increase the government's income; and it doesn't do much, if anything, for him. And why wouldn't he also conclude the Fed's intent is to feather the government's nest, when that's the main result?
    Feb 16 03:09 PM | 3 Likes Like |Link to Comment
  • 'End The Fed' And QE On Trial: 10 Questions For Critics Of The Fed [View article]
    "there was no usurpation"

    So far, that's the only thing you've said that isn't a visceral rant.
    Feb 16 02:57 PM | Likes Like |Link to Comment
  • 'End The Fed' And QE On Trial: 10 Questions For Critics Of The Fed [View article]
    "Usurper in Chief"? He won the popular and electoral votes both times, so what has been usurped? Would you prefer a leader chosen by Tom Perkins' voting system? Or by a military junta? I'm not sure what your complaint is.
    Feb 15 12:48 PM | 1 Like Like |Link to Comment
  • A Wealth Effect That Did Not Trickle Down [View article]
    Higher stock prices = higher capital gains tax revenues.
    Higher home prices = higher property tax revenues.
    Can there be any doubt who the Fed is working for?
    Feb 15 12:36 PM | 2 Likes Like |Link to Comment
  • Why The Next Global Crisis Will Be Unlike Any In The Last 200 Years [View article]
    Everyone who prefers the good ol' days of the 1800s to the present, raise your hands.
    Feb 11 02:52 PM | 1 Like Like |Link to Comment
  • The Profit Debate Rages But Read This First [View article]
    You may be right, or not, but I think the fact margins are nearly double the historical average should be a red flag for investors, because P/Es based on abnormally high margins make stocks look cheaper than they actually are.
    Feb 11 02:28 PM | Likes Like |Link to Comment
COMMENTS STATS
591 Comments
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