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Jim Myrtle

Jim Myrtle
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  • Is Consumer Spending the Problem? [View article]
    They sold one side of a synthetic CDO to customers and shorted the other side?

    So they sold it twice?
    Or are you just ignorant of how these things work?
    Jul 23, 2011. 02:07 PM | 1 Like Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    "And they are only able to do so because the author's organization and the US Treasury BAILED THEM OUT. Main Street bailed out the banks"

    The banks repaid TARP, at a profit to the Treasury.
    When is Main Street going to repay the banks on all their defaulted mortgages?
    Jul 22, 2011. 04:14 PM | 3 Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    "Banks have access to free money provided by the author's organization"

    Access to free money? LOL!

    "It doesn't take a genius to tap the discount window"

    Discount window? That's not free money.

    "and then make a boatload on the spread or risk assets"

    Okay, genius, how much are banks currently borrowing from the discount window? It must be trillions. Let me know when you get an exact number.
    Jul 22, 2011. 04:12 PM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "Deflation, the honest and healthy sort that can follow from a hard-money standard, encourages and rewards saving, investment and long-term thinking in general"

    Deflation encourages investment? Please explain how.
    Jun 15, 2011. 09:04 PM | 1 Like Like |Link to Comment
  • Silver: From First to Worst [View article]
    "What does the term Weight and Measrures mean to you?"

    It means the Founders did not write into the Constitution that money is defined by a certain weight of gold or silver.
    Jun 15, 2011. 10:01 AM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    Your mistakes are related to math and economics, not your native language.
    Jun 13, 2011. 03:55 PM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "Do you think my name is Bernanke?"

    No, he's much much smarter than you.

    "I will spend 20 euros and I will send for Bernanke calculator and economics textbook !"

    Excellent! I look forward to fewer errors in your comments.
    Jun 13, 2011. 03:11 PM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "If the printing presses are such a great idea why did we stop at an 800 billion dollar stimulus?"

    The $800 billion stimulus was borrowed money, not printed money.

    " Why not just print 2 trillion dollars right now and pay off every mortgage, student loan and credit card balance?"

    Because those total more than $2 trillion? Maybe we should spend $30 and buy you a calculator and an economics textbook?
    Jun 13, 2011. 09:42 AM | 2 Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "You are simply a waste of my time at this point..."

    I'm sorry that you think learning is a waste of your time.
    You seem like a mature guy, how long have you been repeating that error about money and the Constitution? Decades?

    And now you know the truth. How can that be a waste of time?
    Keep denying the expense and inefficiency of multiple, competing currencies trading side by side.
    I guess the companies that spend millions of dollars trying to hedge their currency risks know less than you.....
    Jun 1, 2011. 09:25 PM | 1 Like Like |Link to Comment
  • Silver: From First to Worst [View article]
    "But it's a 360 trillion market that is unwinding by non-payment of debt or default that the banks created"

    Is that a typo?
    Jun 1, 2011. 06:41 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "Yes Jim, printing to counteract the hundreds of trillions of credit created via the abuses of fractional lending which the banks did by lending to anyone with a pulse, whether it be individual or business"

    No, they aren't printing to counteract credit expansion, they're printing to counteract credit destruction.
    Jun 1, 2011. 06:40 PM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "I said I want competing currencies of Federal Reserve Notes"

    2 or more different FRNs side by side? Huh?

    "We live in an electronic world Jim, in case you haven't noticed"

    Yeah, I've noticed how many times the price on the shelf is different than that at the register. And now you want to add the flucuations of gold and silver.....to the second? Allow me to laugh.

    What if your store will give you yesterday's close, less 5%, for their trouble. Still gonna trade your silver for groceries?
    Jun 1, 2011. 06:30 PM | 1 Like Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    Huh? ESL?
    Jun 1, 2011. 05:39 PM | Likes Like |Link to Comment
  • Silver: From First to Worst [View article]
    "And what are the consequences of said printing Jim?"

    Prices falling at a slower rate or not at all.

    "Will they be able to print enough to counteract the multiple trillions of credit given out during the credit expansion?"

    Printing to counteract an expansion in credit?
    I think you're turned around.

    "How much printing will they have to do to counteract this deflation?"

    How much have they printed so far? Has that been enough?
    Jun 1, 2011. 05:31 PM | Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    "Where did I say anything about 51? currencies?"

    You don't want competing currencies? Why the change?

    "Explain to me these "transaction costs" and "inefficiencies." "

    Silver dropped close to 4% today, didn't it? So when you go to the grocery store with your one ounce silver coin, are you going to get the $38.31 opening quote or the $36.85 closing quote. Is the minimum wage clerk going to have a real time quote in front of him? How will your purchase happen exactly?

    Will your state accept silver and gold in payment of your taxes? Will you mail an envelope full of coins? What if gold dropped 4% between the time you mail and the time they receive your coins?
    Will they send you a past due notice for the difference? Will you owe a penalty?

    Will your bank take these coins in deposit? Will your account be credited 1 oz or the $ price at the time of your deposit? How will interest accrue on a silver deposit or on a silver loan?
    Jun 1, 2011. 05:28 PM | 1 Like Like |Link to Comment
COMMENTS STATS
1,150 Comments
794 Likes