Jim Myrtle

Jim Myrtle
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  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    "Do you not recall Clinton, greenspan and rubin (ex GS CEO) repealing the glass steagal bill?"

    You're not even going to try to prove your claim that the Fed transferred money from the middle class (could you define middle class?) to the rich?
    Feb 9, 2016. 08:20 PM | Likes Like |Link to Comment
  • In 2016 Gold Prices Will Go Higher Than They Have Ever Gone Before Here Is How Americans Can Make It Happen  [View instapost]
    "i DIDN'T SAY ALL OF THEM"

    You said, "Americans believe". If you didn't mean all of them, put a number in front of the word Americans.

    "YES THEY WILL Go higher"

    That wasn't your claim. Your claim was "They will go higher than they have ever gone before"

    "just contradicting what I have written has no weight "

    My contradiction has just as much weight as your prediction and is, thankfully, less verbose.
    Feb 9, 2016. 05:39 PM | Likes Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    Snoopy
    "Let's see - they printed ~ $12T and gave it away as they saw fit"

    That's an interesting claim. Where did they ever give away money?
    If they did (they didn't), how does that help your claim that they transferred money from the middle class to the rich?
    Feb 9, 2016. 02:13 PM | 1 Like Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    Snoopy
    "Over the past 7 yrs the fed policy transferred much money from the middle class to the rich - that was it's purpose"

    I keep hearing this claim. How did the Fed do this?
    Feb 9, 2016. 11:21 AM | 1 Like Like |Link to Comment
  • Half Of U.S. Income Is Over $125,000 Per Year  [View article]
    "Hint: Do you have a bank account?"

    When it comes to banking expertise, Ellen is a heck of a lawyer.
    Feb 7, 2016. 08:34 PM | Likes Like |Link to Comment
  • In 2016 Gold Prices Will Go Higher Than They Have Ever Gone Before Here Is How Americans Can Make It Happen  [View instapost]
    "In 2016 Gold Prices Will Go Higher Than They Have Ever Gone Before"

    No they won't.

    "Americans believe........"

    All of them? How do you know?
    Feb 6, 2016. 06:34 PM | Likes Like |Link to Comment
  • China moves to stop outflows  [View news story]
    "when a man has purposefully destroyed a country's economy, destroy millions of jobs, increased the wealth gap, increased poverty, and destroyed million of lives he should not be allowed to exist"

    Don't worry, that guy will be out of office soon.
    Jan 27, 2016. 05:30 PM | 2 Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    "What Neil and Jim are trying to get away with is this idea that the Fed can only do good and never make mistakes"

    Now you're just making stuff up? Cool!
    Jan 26, 2016. 08:02 PM | 2 Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    Ask jhooper, it was his claim.
    Jan 24, 2016. 08:48 PM | Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    You said, "That's the point of a central bank. Its to have an institution that can tap the wealth of the taxpayer so it can bailout banks"

    Did they borrow funds that the taxpayer has to repay?
    Did they somehow tax funds belonging to the taxpayer?
    Did they "tap the wealth" in some third way?
    They bought over $3.5 trillion in bonds since the crisis,
    where did the money come from?

    "A CB can print bank notes, but they can't print bank notes that have value unless the populace has the capabilities to produce the assets at a rate that is commensurate with the rate at which the CB can print notes"

    On Jan 3, 2008 the Fed balance sheet was $891.7 billion.
    Last week, it was $4.456 trillion. Almost a 400% increase.
    Did our GDP increase at a commensurate rate?
    Jan 24, 2016. 07:30 PM | Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    I'm just glad we recovered from that $13 trillion in taxpayer expenses. LOL!
    Jan 24, 2016. 05:13 PM | Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    I didn't say they can print wealth, just that they need no taxpayer funds to make loans.

    Perhaps if you focused, you'd go off on fewer silly tangents?
    Jan 24, 2016. 04:53 PM | Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    "We get it, you're or were connected to the banking world"

    Obviously, because pointing out the idiocy of that "$13 trillion taxpayer expense" claim can only be done by a banker.
    Jan 24, 2016. 04:20 PM | Likes Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    "That's the point of a central bank. Its to have an institution that can tap the wealth of the taxpayer so it can bailout banks"

    Central banks don't have to tap "taxpayer wealth", seeing as they can create money out of thin air.
    Jan 24, 2016. 04:18 PM | 1 Like Like |Link to Comment
  • Ben Bernanke Got It Right - Is A New Round Of Quantitative Easing Needed?  [View article]
    AFAIK, they've always been pretty conservative when it comes to collateral and haircuts.

    So what were you talking about re: discount pricing?
    Jan 24, 2016. 03:38 PM | Likes Like |Link to Comment
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