Jubilee Year's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/333544/comments http://seekingalpha.com/article/136755-monetizing-the-debt-explanation-for-non-economists-bankers-and-other-laymen?source=feed#comment-504399 504399
They also seem more than happy to enslave their offspring to support their old age, though debt and social security.

Truly, they are the most wicked generation in history. ]]> Thu, 14 May 2009 17:47:19 -0400
They also seem more than happy to enslave their offspring to support their old age, though debt and social security.

Truly, they are the most wicked generation in history. ]]> http://seekingalpha.com/article/129614-on-bubbles-and-depressions?source=feed#comment-455510 455510
Or we can watch our economy grind itself down to nothing.

Your choice. It's about time you realized you had a choice though, as few people seem to realize it. ]]> Tue, 07 Apr 2009 19:45:54 -0400
Or we can watch our economy grind itself down to nothing.

Your choice. It's about time you realized you had a choice though, as few people seem to realize it. ]]> http://seekingalpha.com/article/127011-quantitative-easing-and-the-disappearance-of-income?source=feed#comment-433932 433932 Fri, 20 Mar 2009 15:32:06 -0400 http://seekingalpha.com/article/122573-doug-casey-what-to-do-in-the-greater-depression?source=feed#comment-404740 404740
But "we" did not hire the debt. It was created on our backs, without our consent.

If you sell yourself into slavery, yes, live with your choices. But no one has the right to sell someone else into slavery!]]> Thu, 26 Feb 2009 13:16:17 -0500
But "we" did not hire the debt. It was created on our backs, without our consent.

If you sell yourself into slavery, yes, live with your choices. But no one has the right to sell someone else into slavery!]]> http://seekingalpha.com/article/122462-u-s-debt-watch-paths-to-repudiation?source=feed#comment-403270 403270 Wed, 25 Feb 2009 13:16:36 -0500 http://seekingalpha.com/article/122573-doug-casey-what-to-do-in-the-greater-depression?source=feed#comment-403230 403230
As for calling the US more socialist than the Communists, he is correct. In China today, for example, individual citizens have to pay for their own healthcare and retirement. Thus, they save, providing their economy and government the capital to invest in their future strength.

Meanwhile, the U.S. government is planning on increasing social expenditures, tripling the deficit, while expanding socialized medicine, while attempting to "jump-start" debt-based consumerist spending, in the teeth of a Greater Depression.

The root of every hyperinflation is the same: a government that refuses to face economic reality. Tell me how we are not there?]]> Wed, 25 Feb 2009 12:53:42 -0500
As for calling the US more socialist than the Communists, he is correct. In China today, for example, individual citizens have to pay for their own healthcare and retirement. Thus, they save, providing their economy and government the capital to invest in their future strength.

Meanwhile, the U.S. government is planning on increasing social expenditures, tripling the deficit, while expanding socialized medicine, while attempting to "jump-start" debt-based consumerist spending, in the teeth of a Greater Depression.

The root of every hyperinflation is the same: a government that refuses to face economic reality. Tell me how we are not there?]]> http://seekingalpha.com/article/121217-obama-throws-75b-at-the-housing-crisis?source=feed#comment-393453 393453
The main problem is that it is at least 6 months too late. The problem is probably too big at this point for his methods to actually stabilize prices. ]]> Wed, 18 Feb 2009 10:52:02 -0500
The main problem is that it is at least 6 months too late. The problem is probably too big at this point for his methods to actually stabilize prices. ]]> http://seekingalpha.com/article/120184-why-deflation-will-persist-for-longer-than-you-think?source=feed#comment-385768 385768 Thu, 12 Feb 2009 12:14:42 -0500 http://seekingalpha.com/article/120237-pondering-debt-deflation?source=feed#comment-385743 385743 Thu, 12 Feb 2009 12:02:21 -0500 http://seekingalpha.com/article/119683-the-not-so-great-depression?source=feed#comment-382877 382877 Tue, 10 Feb 2009 16:48:28 -0500 http://seekingalpha.com/article/118952-sleepwalking-to-economic-oblivion?source=feed#comment-378558 378558 Fri, 06 Feb 2009 13:23:17 -0500 http://seekingalpha.com/article/118134-a-nation-of-mortgage-slaves?source=feed#comment-378502 378502
The problem is, no matter how much we disapprove of the debt-drunk behavior and systems that got us here, here we are, in the starting stages of a debt-deflation Depression.

At the minimum, you would get an economy that works again. Surely that is worth something. ]]> Fri, 06 Feb 2009 12:52:32 -0500
The problem is, no matter how much we disapprove of the debt-drunk behavior and systems that got us here, here we are, in the starting stages of a debt-deflation Depression.

At the minimum, you would get an economy that works again. Surely that is worth something. ]]> http://seekingalpha.com/article/118051-how-to-fix-america-s-housing?source=feed#comment-374633 374633 ]]> Tue, 03 Feb 2009 13:35:48 -0500 ]]> http://seekingalpha.com/article/118156-option-arm-defaults-as-high-as-61?source=feed#comment-374545 374545 Tue, 03 Feb 2009 12:34:15 -0500 http://seekingalpha.com/article/118134-a-nation-of-mortgage-slaves?source=feed#comment-374425 374425
Of course, it is obvious from an individual point of view, you should walk from your upside-down home. But what happens when everybody is upside-down? We are rapidly approaching that very situation, as home values are already at pre-bubble prices (Spring 2004), and rapidly falling.

Someone please answer this question: What happens when everyone is upside-down? This is no idle question. We are already approaching the 50% mark, which is way past the tipping point.

The solution is actually quite obvious: After we nationalize the banks, we can begin the recovery by writing off mortgage debt and gving away the huge bank-owned housing stock in lotteries (or somesuch process).

Unfortunately, our leaders probably won't come to this sane solution until there are widespread homeless camps and the squatter problem has swelled out of control. No one, least of all the author of this article, seems to get the basic problem: they cannot sell these homes. A normal recovery is beyond us, it is not possible at this point. Leading to the ridiculous idea being floated by some that excess housing should be destroyed.
]]> Tue, 03 Feb 2009 11:00:52 -0500
Of course, it is obvious from an individual point of view, you should walk from your upside-down home. But what happens when everybody is upside-down? We are rapidly approaching that very situation, as home values are already at pre-bubble prices (Spring 2004), and rapidly falling.

Someone please answer this question: What happens when everyone is upside-down? This is no idle question. We are already approaching the 50% mark, which is way past the tipping point.

The solution is actually quite obvious: After we nationalize the banks, we can begin the recovery by writing off mortgage debt and gving away the huge bank-owned housing stock in lotteries (or somesuch process).

Unfortunately, our leaders probably won't come to this sane solution until there are widespread homeless camps and the squatter problem has swelled out of control. No one, least of all the author of this article, seems to get the basic problem: they cannot sell these homes. A normal recovery is beyond us, it is not possible at this point. Leading to the ridiculous idea being floated by some that excess housing should be destroyed.
]]> http://seekingalpha.com/article/117978-buy-american-the-ghost-haunting-davos?source=feed#comment-373504 373504
Your own article points out that deficit states with trade block advantages do well to resort to protectionism. Please make an argument, not a prayer.

]]> Mon, 02 Feb 2009 12:54:31 -0500
Your own article points out that deficit states with trade block advantages do well to resort to protectionism. Please make an argument, not a prayer.

]]> http://seekingalpha.com/article/117977-bail-out-the-future-not-the-past?source=feed#comment-373493 373493 Mon, 02 Feb 2009 12:46:19 -0500 http://seekingalpha.com/article/117801-the-end-of-the-u-s-as-we-know-it-tracking-the-dollar-downward?source=feed#comment-373291 373291 Mon, 02 Feb 2009 10:38:07 -0500 http://seekingalpha.com/article/117656-buy-american-goodbye-global-friends?source=feed#comment-371024 371024
If you can't provide an answer to that question, you are advocating free trade as a religious faith rather than an economic strategy. ]]> Fri, 30 Jan 2009 10:27:27 -0500
If you can't provide an answer to that question, you are advocating free trade as a religious faith rather than an economic strategy. ]]> http://seekingalpha.com/article/117016-the-quest-for-a-private-financial-system?source=feed#comment-368833 368833
There are two types of debt, which should factor into your analysis. The first is based on savings, a real store of wealth. The second is based on nothing, simply creating money out of thin air based on a promisory note. That type of debt is not a store of wealth, but its illusion: a promise to create wealth in the future.

Only by eliminating that second type of debt can we obtain a sustainable economy. Creating money from nothing is distorting our economic activities. Our money system will "pop", and rightly so, when it is divorced from economic reality. ]]> Wed, 28 Jan 2009 13:13:11 -0500
There are two types of debt, which should factor into your analysis. The first is based on savings, a real store of wealth. The second is based on nothing, simply creating money out of thin air based on a promisory note. That type of debt is not a store of wealth, but its illusion: a promise to create wealth in the future.

Only by eliminating that second type of debt can we obtain a sustainable economy. Creating money from nothing is distorting our economic activities. Our money system will "pop", and rightly so, when it is divorced from economic reality. ]]> http://seekingalpha.com/article/116929-u-s-domestic-debt-what-can-be-expanded-what-must-be-reduced?source=feed#comment-368571 368571
Also this: "[state and local debt] also seems well under control relative to GDP"? No mention of the absolute bloodbath of budget slashing happening right now in every state legislature, county board, and city council across the country.

At a certain point, everyone looks at their budget, and says, we can slash schools, police, and welfare, OR we can slash our debt payment. Which do you think it will be?



]]> Wed, 28 Jan 2009 10:38:23 -0500
Also this: "[state and local debt] also seems well under control relative to GDP"? No mention of the absolute bloodbath of budget slashing happening right now in every state legislature, county board, and city council across the country.

At a certain point, everyone looks at their budget, and says, we can slash schools, police, and welfare, OR we can slash our debt payment. Which do you think it will be?



]]> http://seekingalpha.com/article/116516-big-banks-vs-america?source=feed#comment-367892 367892
Starting over, resetting the broken financial system, is exactly what we need. I could not agree more, but few people are willing to face what that fully means.
]]> Tue, 27 Jan 2009 14:26:41 -0500
Starting over, resetting the broken financial system, is exactly what we need. I could not agree more, but few people are willing to face what that fully means.
]]> http://seekingalpha.com/article/116167-geithner-on-yuan-misstep-or-warning-shot?source=feed#comment-364049 364049
This Chinese labor has no retirement plans, no health care, no environmental laws, no affirmative action set-asides, no safety standards, and no bargaining rights. Not to mention their currency is artificially suppressed, and their exporters get subsidies.

We aren't just protecting American jobs, we are protecting an entire way of life and standard of living. It only makes sense and is long overdue. ]]> Fri, 23 Jan 2009 10:14:49 -0500
This Chinese labor has no retirement plans, no health care, no environmental laws, no affirmative action set-asides, no safety standards, and no bargaining rights. Not to mention their currency is artificially suppressed, and their exporters get subsidies.

We aren't just protecting American jobs, we are protecting an entire way of life and standard of living. It only makes sense and is long overdue. ]]> http://seekingalpha.com/article/115606-contemplating-the-demise-of-bank-of-america-citi-and-jpmorgan?source=feed#comment-363110 363110
This isn't some Third World socialist dictator arbitrarily nationalizing an industry out of ideology. They are being nationalized because their fall threatens the fabric of our economy. ]]> Thu, 22 Jan 2009 12:11:52 -0500
This isn't some Third World socialist dictator arbitrarily nationalizing an industry out of ideology. They are being nationalized because their fall threatens the fabric of our economy. ]]> http://seekingalpha.com/article/115606-contemplating-the-demise-of-bank-of-america-citi-and-jpmorgan?source=feed#comment-363106 363106 Thu, 22 Jan 2009 12:05:18 -0500 http://seekingalpha.com/article/115919-how-do-you-recapitalize-1-8-trillion-in-bank-loan-losses?source=feed#comment-363019 363019 Thu, 22 Jan 2009 10:55:24 -0500 http://seekingalpha.com/article/115556-nationalization-is-not-inevitable?source=feed#comment-362011 362011
Could it be any worse at running banks than the banking industry itself?

What is worse than epic failure and systemic collapse?]]> Wed, 21 Jan 2009 12:24:16 -0500
Could it be any worse at running banks than the banking industry itself?

What is worse than epic failure and systemic collapse?]]> http://seekingalpha.com/article/115108-fiscal-policy-under-obama-dig-holes-and-fill-them?source=feed#comment-358052 358052


On Jan 16 01:33 PM Socialism cannot compete! wrote:

You can't just chuck debt -- someone has to take the loss. The issue is that it needs to be those who made bad investments, and not the American public.]]> Fri, 16 Jan 2009 17:01:43 -0500


On Jan 16 01:33 PM Socialism cannot compete! wrote:

You can't just chuck debt -- someone has to take the loss. The issue is that it needs to be those who made bad investments, and not the American public.]]> http://seekingalpha.com/article/115108-fiscal-policy-under-obama-dig-holes-and-fill-them?source=feed#comment-357595 357595
It is pretty common-sensical that the only solution to a deflationary recession in a high-debt environment is to cancel the debt. Without a debt load, prices could deflate harmlessly. Plus, it would provide a massive economic stimulus, as consumers and governments would use their money on goods and services, rather than paying down debt. Most of the debt is bound to be liquidated anyway in a deflationary depression. I say chuck the debt and keep the economy, rather than the other way around.



]]> Fri, 16 Jan 2009 10:48:14 -0500
It is pretty common-sensical that the only solution to a deflationary recession in a high-debt environment is to cancel the debt. Without a debt load, prices could deflate harmlessly. Plus, it would provide a massive economic stimulus, as consumers and governments would use their money on goods and services, rather than paying down debt. Most of the debt is bound to be liquidated anyway in a deflationary depression. I say chuck the debt and keep the economy, rather than the other way around.



]]> http://seekingalpha.com/article/114916-is-citigroup-s-collapse-a-sign-of-the-banking-times?source=feed#comment-356762 356762 Thu, 15 Jan 2009 13:17:23 -0500