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Jim Myrtle

Jim Myrtle
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  • China Lights, Global Floods, Australian Coal [View article]
    "the operative principle here is that AGW causes the weather to become more extreme"

    Obviously we need to spend trillions to reduce the temperature in 2075 by 0.2 degrees.

    We could build dozens of nuke plants to produce CO2-free energy instead. Let me know when you get Reid on board with Yucca and Pelosi and Gore to support nukes. In the mean time, drill baby drill.
    Jan 7 09:43 AM | 1 Like Like |Link to Comment
  • China Lights, Global Floods, Australian Coal [View article]
    "California has mandated and will likely achieve 33% of its energy derived from renewables by 2020"

    OMG! That's funny. Only if they learn to extract energy from rainbows and unicorns. That's just what California needs, expensive and unreliable energy. Of course as they drive all industry (and more citizens) out of state, they could produce 33% of the energy a much, much smaller economy needs.

    "As for subsidies, you realize oil is subsidized too?"

    Only if subsidized means heavily taxed.
    Jan 7 09:29 AM | 1 Like Like |Link to Comment
  • China Lights, Global Floods, Australian Coal [View article]
    "If the government were to subsidize with just 1/2 of the tax breaks for big oil and gas"

    The tax breaks that end with taxes three times profits?

    "between 1977 and 2004. During this period, the 29 largest domestic energy firms earned a collective $630 billion after adjusting for inflation. These profits varied dramatically—from a low of $7.9 billion in 1995 to a high of $42.6 billion in 2004—based upon world market demand, supply, and international events.

    In contrast, the taxes paid or remitted by domestic oil companies have been consistently far greater than their profits and now total more than $2.2 trillion (adjusted for inflation) over the past quarter century. The largest share of those taxes is federal and state gasoline excise taxes. In 2004, governments collected $58 billion in gasoline excise taxes. Overall, governments have collected $1.34 trillion in gasoline excise taxes since 1977"

    source www.taxfoundation.org/...
    Jan 7 09:23 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    Yeah, Americans (and Canadians too?) who aren't saving nearly enough for retirement should send the government a big check just so they can buy silver (and crash JPM!). What a joke.
    Jan 3 10:26 AM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    Yeah, he's a little nutty.
    Some of his YouTube postings are hilarious.
    Telling people to cash out of their 401Ks and IRAs, pay a huge penalty to buy silver. Irresponsible.
    Jan 2 11:18 PM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    FDR managed to outlaw private ownership and change the price of gold how many times while we were on the gold standard?
    Dec 29 10:49 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "If currency is not backed by precious metals it gives government/bankers unlimited power over money supply"

    Even when it's backed by gold, government still has power over money supply.
    Dec 29 08:26 PM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "now that's just willfully ignorant"

    You don't think we elect Congress every 2 years and the President every 4?

    "I seem to remember millions of people calling their senators to prevent the bailouts to no avail"

    So? We don't have a direct democracy.

    "but like I said, willfully ignorant, you don't want to know..."

    What do you imagine it is that I don't want to know?
    Dec 29 09:26 AM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Yes, I'm aware that people do stupid things like carry a balance at 29%.
    Or vote for Obama.
    Dec 29 09:23 AM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    I haven't carried a CC balance for at least 10 years.
    Dec 29 12:16 AM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Who loans money at 0.5% to borrow at 29%?
    Sounds like an Obama voter.
    Dec 28 11:13 PM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "Who issues the credit that causes inflation?"

    Who borrows the money that causes inflation?

    "Who holds the title to the assets in case of default?"

    Who is losing money from too many defaults?

    "Who withdraws credit that causes deflation and loan defaults?"

    Who defaulted on their loans causing deflation?

    "Who then owns and controls the assets that have been defaulted on?"

    Who doesn't want to own a bunch of real estate that's been defaulted on?

    " Does that sufficiently explain it for you?"

    Not really, but thanks for making me laugh.

    "Also, the Federal Reserve IS a privately owned bank with private stockholders"

    Why do they give their profits to the Treasury?

    "Can you prove that banks don't cause inflation and deflation?

    Since I never claimed that, why would I?
    Dec 28 08:08 PM | 1 Like Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "we didn't have a say"

    Huh? We elect Congress every 2 years and a President every 4.

    "in the trillions given to the banks and wall street"

    Given? Please elaborate.
    Dec 28 04:24 PM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    Well, the Fed isn't a private bank, for one thing.
    Maybe you can explain how inflation and deflation benefit the banks?
    Dec 28 02:00 PM | Likes Like |Link to Comment
  • Is China Behind the Big Silver Short? [View article]
    "Now you want to believe that two random airplanes perfectly demolished the biggest buildings in NY"

    Perfectly? Now why would we believe that someone (who was it?) planted hundreds (thousands) of charges in these buildings and no one noticed? And why would we (who was it?) want to destroy those buildings?
    Dec 28 11:24 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
980 Comments
663 Likes