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Jim Myrtle

Jim Myrtle
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  • Can A Central Bank Always Create Inflation? [View article]
    "Dodd-Frank tried to limit this kind of moral hazard in various ways, including a rule barring insured institutions from dealing in exotic securities, the kind that played such a big role in the financial crisis"

    Which banks got in trouble because of exotic derivatives?
    I know plenty that got in trouble from dealing in mortgages.
    Any legislation to limit mortgages?
    Dec 20, 2014. 03:46 PM | Likes Like |Link to Comment
  • Can A Central Bank Always Create Inflation? [View article]
    "Accounting rule changes prohibit the banks from creating what we
    use for money- from using debt for money - what’s known as fractional reserve banking is decisively ended"

    Yes, 100% reserve banking, now!!!
    Just silly.

    "The Congress originates (creates) new US Money and spends it into
    circulation, for infrastructure, health care and education; starting for example with the $2.2 trillion the engineers tell us is needed
    for infrastructure over the next 5 years"

    It worked for Zimbabwe, it'll work for us!

    "The “NEED” Act HR 2990"

    What idiot wrote that craptacular mess?
    Dec 18, 2014. 11:17 AM | Likes Like |Link to Comment
  • Can A Central Bank Always Create Inflation? [View article]
    I guess Jefferson's huge debts could explain his anger at banks.
    I understand his family had to sell much of his property, including Monticello, after his death.

    Yes, there have been bubbles and panics throughout history.
    I guess that fact would make Jefferson a wise steward of money?
    Not so much.
    Dec 17, 2014. 03:17 PM | Likes Like |Link to Comment
  • Can A Central Bank Always Create Inflation? [View article]
    "Jefferson's opinions about banks and bankers is pretty secure....and rightfully so"

    He was a financial bubble head.
    Dec 17, 2014. 01:15 PM | Likes Like |Link to Comment
  • Can A Central Bank Always Create Inflation? [View article]
    "first by inflation, then by deflation"

    Love that fake Jefferson quote!!!
    Have you seen his quote about GMOs?
    Dec 17, 2014. 12:17 PM | 1 Like Like |Link to Comment
  • Can A Central Bank Always Create Inflation? [View article]
    "Banksters should have been paid off THROUGH the mortgage holders, not around them.."

    You wanted the Fed and Treasury to loan money to home owners instead of loaning money to the banks? How would that have helped?

    "even though the banksters have been paid off by the Fed buying all that worthless mortgage paper.."

    The Fed only buys guaranteed mortgages, not worthless ones.
    They make a lot of money doing it.

    "Seems paying the banksters is more morally acceptable than paying the homeowners.. I see little difference.."

    The Fed did not pay the bankers. You seem confused.
    Dec 16, 2014. 09:32 AM | 1 Like Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    Depleted uranium is weakly radioactive. It is not considered a significant radiological hazard

    http://bit.ly/1qvlvJl
    Dec 10, 2014. 10:16 AM | Likes Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    Yes, once you've got the ingot of the weak alpha emitter that is actually used as a radiation shield(!), you've really got some dangerous radiation to deal with. LOL!
    Dec 9, 2014. 04:44 PM | Likes Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    Ingots of U-238 are not radioactive enough to be carcinogenic.
    Don't breath U-238 dust, or that of any other heavy metal, into your lungs.
    Dec 8, 2014. 08:25 PM | Likes Like |Link to Comment
  • Federal Reserve Exit Watch: Number 1 [View article]
    "I think the Fed is insolvent."

    What is insolvent?
    Unable to pay debts owed. What debts does the Fed owe?
    Why would they be unable to repay?
    They earn something like $80 billion a year.

    "You have to compare the capital to the balance sheet.
    How much in the way of assets and liabilities is that amount of capital supporting"

    Excellent idea. They own only guaranteed bonds.
    Hmmmmm.......sounds worrisome.
    Dec 8, 2014. 04:57 PM | Likes Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    "Uranium exposure can cause birth defects, damage to internal organs, and cancer"

    U-238, not so much.
    Dec 5, 2014. 10:34 PM | Likes Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    Yeah, not so worrisome as far as upkeep costs.
    Dec 5, 2014. 07:26 PM | Likes Like |Link to Comment
  • The Gold Bubble Is Deflating, And Resistance Is Futile [View article]
    "They don't mine and store uranium as an investment due to the massive upkeep costs... you know... radiation?"

    Something with a 4.5 billion year half-life can barely be called radioactive.
    Dec 5, 2014. 04:02 PM | Likes Like |Link to Comment
  • Precious Metals - The Day Of Reckoning Is Coming Soon [View article]
    "It's already irresponsible enough that deposited assets can be lent out once by banks"

    Right, because banks should hold 100% reserves. LOL!
    Dec 4, 2014. 08:00 PM | 2 Likes Like |Link to Comment
  • Precious Metals - The Day Of Reckoning Is Coming Soon [View article]
    "You describe it as if it were obvious, hence your "of course"."

    Anything less than a 50% reserve requirement will allow loans that are larger than reserves. So what?

    "Some banks are levered 70 - 80 times their reserves"

    Which ones?

    I always thought that the most a bank could lend the same money was once?

    "Isn't that rather using a truism ?"

    If you read John Wilson's post that I replied to, you'd already be up to speed.

    Now buzz off, idjit.
    Dec 4, 2014. 07:59 PM | Likes Like |Link to Comment
COMMENTS STATS
1,013 Comments
676 Likes