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Jim Myrtle

Jim Myrtle
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  • Silver: From First to Worst [View article]
    "Oh wise one Jim, what is the Constitutional definition of money?"

    There is no definition in the Constitution.

    "And nice try at attempting to defer from the "issue." "

    The issue was your silly claim that FRNs are debt.
    May 19 09:42 AM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Jim, who says you have to pay interest on a loan? For that matter, who says you have to even pay the loan?"

    Excellent! FRNs are debt with no interest charged which never have to be paid back. So what's the problem?

    "I am confused"

    I noticed.
    May 19 09:25 AM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Jim, again, I have answered all your queries"

    You claimed my $20 is a debt but can't show what the interest rate on the note is or who owes me the interest.

    "Take your Federal Reserve Notes down to your local Federal Reserve Bank"

    Why would I want to do that? I can use them to buy anything I'd like.

    "You can't redeem them there"

    I don't need to redeem them.

    "so you are indebted to anyone who will give you something of value for them"

    Indebted? Give? More words you're confused about.
    May 18 10:30 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Jim, I have answered every one of your questions"

    You must have missed these 4. Try again?

    Will I be receiving a payment on this debt?
    What rate and will they be mailing me a check? And while you're at it, who will be sending me this payment?

    "You keep playing games with things you assume have value"

    Where did I clue you in on my assumptions of value?

    "Federal Reserve Notes used to be redeemed in silver or gold"

    So what?

    "Then it was changed to "will pay to the bearer "dollars."' "

    Again, so what?

    ""This url below might help you understand what you mock as a "theory." "

    I just want proof of your claim that the $20 in my wallet is debt.
    Anytime you find some, be sure to let me know.
    May 18 07:21 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "You prove my point Jim"

    You avoid my questions, Doug.

    "You get nothing but more debt"

    You keep using that word. I do not think it means what you think it means.

    If you ever find out the rate on this "debt" as well as who pays, who collects and how, be sure to let me know. Thanks!
    May 18 04:31 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Jim, the $20 Federal Reserve Note is a "note." By definition it is debt"

    Very interesting theory. Will I be receiving a payment on this debt?
    What rate and will they be mailing me a check? And while you're at it, who will be sending me this payment?
    May 18 01:03 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Silver (and of course gold) are no one's debt"

    Do you imagine the $20 in my wallet is someone's debt?
    May 18 11:02 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    That is a fascinating belief totally disconnected from the reality of commodity exchanges, now or in the past.
    May 17 06:03 PM | 2 Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    No such thing as naked shorting when it comes to futures.

    "Kid Dynamite remain$ cluele$$"

    LOL!
    May 17 04:10 PM | 2 Likes Like |Link to Comment
  • Inflation Fears: Real or Hysteria? [View article]
    What do you imagine the error is in that statement?
    May 15 06:55 PM | Likes Like |Link to Comment
  • Inflation Fears: Real or Hysteria? [View article]
    "are you suggesting they are just making up an inflation number?"

    Yes, Shadowstats just makes up a number.

    " Does it read better to you if "calculated" is substituted with "reconstructed"

    Reconstructed work would take some work. For instance, calculating CPI by using the old method would mean using current data and running the old calculation. He doesn't do any calculations, so you can't call what he does "reconstruction" or "calculated".

    "They get to 10% based on 1980 CPI guidelines"

    If he actually used the guidelines and released his work, that might be the case. Unfortunately, he doesn't do the work.

    "Regardless, the assertion that "methodological shifts in government reporting have depressed reported inflation.....is well documented"

    The assertion that the old CPI calculations overestimated inflation is well documented.
    May 11 07:08 PM | 1 Like Like |Link to Comment
  • Inflation Fears: Real or Hysteria? [View article]
    "shadowstats also reconstructs CPI using an "estimate of inflation for today as if it were calculated the same way it was in 1990." "

    Except Shadowstats doesn't do any actual calculations.
    May 11 12:38 PM | 1 Like Like |Link to Comment
  • Inflation Fears: Real or Hysteria? [View article]
    "compounding interest charges can be eliminated by financing state and federal deficits through state- and federally-owned banks. Since the government would own the bank, the debt would effectively be interest-free"

    Since the government owns the Federal Reserve, debt held by the Fed is effectively interest-free. Something Ellen still doesn't understand.
    May 11 09:42 AM | 2 Likes Like |Link to Comment
  • The S&P warning on U.S. debt was silent on the real danger to the economy and the federal budget: Growth could be derailed by letting too-big-to-fail banks become irresponsible again or by allowing continually rising healthcare costs, Simon Johnson writes. He fears S&P's "broad-brush" warning could whip up debt hysteria and push policies that quickly undermine growth.  [View news story]
    "Banks paid back TARP as the FED bought worthless debt from the banks for full-value and stuck the poison loans in the Treasury instead of in the banks own books"

    The Fed only buys government guaranteed debt. Their purchases are on the Fed's book, not "in the Treasury".
    Apr 23 09:42 PM | Likes Like |Link to Comment
  • The S&P warning on U.S. debt was silent on the real danger to the economy and the federal budget: Growth could be derailed by letting too-big-to-fail banks become irresponsible again or by allowing continually rising healthcare costs, Simon Johnson writes. He fears S&P's "broad-brush" warning could whip up debt hysteria and push policies that quickly undermine growth.  [View news story]
    You think borrowing overnight at 0.75% (Discount Rate) to buy US Treasuries is a risk free trade? What happens when inflation spikes, the Discount Rate rises to 3% (or 5%) and your Treasury Bonds crash? Still risk free?
    Apr 23 09:05 PM | 1 Like Like |Link to Comment
COMMENTS STATS
980 Comments
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