GreatWhite

Geithner's Words Lack Substance

On Nov 15 04:48 PM Jeff Nielson wrote:
"All that Hodges has done on his site is to take ALL the categories of U.S. debt (which everyone knows about) and added them together."

NO, everybody doesn't know about this fantasy number! No other believable entity acknowledges it or repeats it. And your clueless mind set is "Believe it because mwhodges said so!" Then you take this made up number add $3 Trillion to it and categorizing it as floating interest rate debt to make an outlandish statements " a mere 1% of Interest rate rise would take 5% off GDP" Your a joke! You have no idea what this number is, the type of debt, the interest rate, etc.. and for you to make that statement just shows your ignorance of the bogus debt figure. Now believe that cause I said so!!

GreatWhite


On Nov 15 04:48 PM Jeff Nielson wrote:

> All that Hodges has done on his site is to take ALL the categories
> of U.S. debt (which everyone knows about) and added them together.
>
>
> The fact that you know so LITTLE about your own economy that you
> can't even RECOGNIZE the validity of his numbers is yet one more
> example of how you are totally "out of your league" in ATTEMPTING
> to critique my writing.
>
> It's actually DIFFICULT to even respond to remarks so full of ignorance
> and nonsense.

Geithner's Words Lack Substance

Anyway you want to present garbage data, doesn't matter. It is still garbage and unsubstantiated by any reliable other source. But according to you in every other article it is the holly grail of stats, that you then exaggerate even more on your own whim and then extrapolate the even more exaggerated figure to be all "floating rate interest" that will bankrupt the US economy "If interest rates rise even 1%". Just brilliant deductions on your part and based on even more brilliant reliable data according to you! It's on a AT&T HOME DSL LINE. What the guy can't spring $8 bucks for a URL. It is laughable info and makes you even more laughable for using it and quoting it on a non-stop basis.

GreatWhite


On Nov 15 12:05 PM Jeff Nielson wrote:

> This is an entire web-site devoted to calculating U.S. data, published
> by an AMERICAN with absolutely no affiliation to my site.
>
> mwhodges.home.att.net/
>
> I've provided this source several times - but for people who "have
> their eyes closed", I'll post it again.
>
> mwhodges.home.att.net/...
>
> As of the end of 2008, the total public/private U.S. debt exceeded
> $57 TRILLION. In my last few commentaries, I've updated that to supply
> a current estimate.
>
> Now why don't you just SHUT UP, take all your B.S., and go somewhere
> ELSE!

Geithner's Words Lack Substance

"Apart from the ultimate absurdity of last fall, where the faster the U.S. economy collapsed the faster the dollar rose While the clueless, talking heads yammered on and on last fall about how the rise in the U.S. dollar was “a flight to safety”, or (even more ridiculous) “a flight to quality”, the truth was entirely different. As Wall Street's multi-trillion Ponzi-scheme (based upon the U.S. housing bubble) began to unravel, countries all over the world were caught holding hundreds of billions of dollars in immediately imploding debt"

??"were caught holding hundreds of billions of dollars in immediately imploding debt" THIS caused the dollar to rise??

This is how you explain the rise in the dollar. You don't have 1 lick of common sense or economic rational in your whole head. This is the most ridiculous thing I have ever heard. Where is the causation of this "were caught holding hundreds of billions of dollars in immediately imploding debt" making the dollar rise in value. Make sense of this to the reader. People flocking to our currency during an economic melt down was the result
of them holding billions of dollars worth of imploding dollar debt. ??????

You are just hoping and praying that your audience has even less economic sense than you and they won't try to put to much thought in to your thesis on this article. Every thing you write or comment on can be shredded and picked apart by a 2nd grader.

Go back to school and take an economics classes.

GreatWhite

Geithner's Words Lack Substance

The farce Author Jeff Nielson "Claims":
"To begin with, there is no U.S. “economic recovery”, and the U.S. economy can't grow – given the immense downward pull on the economy from $60 trillion in total public/private debt As I have pointed out in several, recent commentaries, the U.S. government can never afford to voluntarily raise interest again – given that even a 1% increase in interest rates would drain $600 billion from the economy (per year), equivalent by itself to a 5% drop in GDP".

I would like everyone to 1st see that he make an outrageous and unsubstantiated (by any believable source) claim of $60 Trillion in debt (he does it in every other article), then in his infinite wisdom categorizes it all as a floating rate interest debt in order for him to make the dramatic and sensational claim "if you increase interest 1% then WHAM $600 BILLION from the economy & 5% GDP right down the toilet" He has no analytical (or math) skills what so ever and he is nothing more than a poor Doom & Gloomer.

So I implore all readers of this Doom & Gloom garbage to check the source of the $60 Trillion dollar debt this author always spouts out. Google mwhodges $57 Trillion and you will find this amateur home website on an AT&T DSL line (no dedicated URL). He just makes up numbers and splats out figures on a graph. Then all the fool Doom & Gloomers websites spout out these bogus numbers and reference this joke of a website. In one instance on the website the US government owes $13.6 Trillion to foreigners and then next line it is $3.3 Trillion. Then they go on to say we owe $12.9 Trillion total government debt. None of it adds up at all. IT IS A JOKE. Please go to the site and just add up a few of the wild claims and see if any of his graphs give a source for this $57 Trillion dollar "Total Debt" figure.

NO WHERE ON ANY "REAL" WEBSITE WILL YOU FIND THIS FICTITIOUS NUMBER. Only on D & G websites where they all just reference this comical website just like Jeff Nielson (One more point He also just arbitrarily adds $3 Trillion to the figure, I guess he has some extra inside information that nobody else has) USE YOUR BRAINS PEOPLE!

GreatWhite

The Fed's 'Extended Period' - How Long Is Long?

On Nov 13 12:25 PM Jeff Nielson wrote:
"My favorite is to point out that the U.S. economy is now burdened with roughly $60 TRILLION in total public/private debt "

I urge all readers to check the source of the $60 Trillion dollar debt this Commenter/farce author always spouts out. Google mwhodges $57 Trillion and you will find this amateur home website on an AT&T DSL line (no dedicated URL). He just makes up numbers and splats out figures on a graph. Then all the fool Doom & Gloomers websites spout out these bogus numbers and reference this joke of a website. In one instance we (govt) owe $13.6 Trillion to foreigners and then next line it is $3.3 Trillion. Then they go on to say we owe $12.9 Trillion total government debt. None of it adds up at all. IT IS A JOKE> Please go to the site and just add up a few of the wild claims and see if any of his graphs give a source for this $57 Trillion dollar "Total Debt" figure.

NO WHERE ON ANY "REAL" WEBSITE WILL YOU FIND THIS FICTITIOUS NUMBER. Only on D & G websites where they all just reference the joke site, just like Jeff Nielson (OH except he just arbitrarily adds $3 Trillion)

GreatWhite

On Nov 13 12:25 PM Jeff Nielson wrote:

> The author could have/should have included much more in the way of
> numbers to back up his assertion - since there are many to choose
> from.
>
> My favorite is to point out that the U.S. economy is now burdened
> with roughly $60 TRILLION in total public/private debt (excluding
> the $70 TRILLION or so of "unfunded liabilities" - just for the federal
> government).
>
> A 1% increase in interest rates would now cost/drain $600 BILLION
> from the U.S. economy in ADDITIONAL interest (per year).
>
> This is equal to a 5% drop in GDP - by itself - before factoring
> in the spin-off/multiplier effects of this plunge in wealth/spending
> power.
>
> The U.S. government can/will NEVER voluntarily raise interest rates
> again (at least not until AFTER the U.S. defaults on its debts).

The Fed's 'Extended Period' - How Long Is Long?

On Nov 13 12:25 PM Jeff Nielson wrote:
"My favorite is to point out that the U.S. economy is now burdened with roughly $60 TRILLION in total public/private debt"

Typical Nielson twisting again. According to your bull crap mwhodges ATT HOME DSL website you spout out about all the time the outrageous $57 Trillion public/private debt is now magically $60 Trillion. I just checked your garbage mwhodeges site and they are still spouting the exaggerated $57 Trillion figure, so what you figure you cold get away with adding another $3 Trillion and no one will care.

Let the casual reader beware,Jeff Nielson's writings are bogus through and through.

GreatWhite


> The author could have/should have included much more in the way of
> numbers to back up his assertion - since there are many to choose
> from.
>
> My favorite is to point out that the U.S. economy is now burdened
> with roughly $60 TRILLION in total public/private debt (excluding
> the $70 TRILLION or so of "unfunded liabilities" - just for the federal
> government).
>
> A 1% increase in interest rates would now cost/drain $600 BILLION
> from the U.S. economy in ADDITIONAL interest (per year).
>
> This is equal to a 5% drop in GDP - by itself - before factoring
> in the spin-off/multiplier effects of this plunge in wealth/spending
> power.
>
> The U.S. government can/will NEVER voluntarily raise interest rates
> again (at least not until AFTER the U.S. defaults on its debts).

JP Morgan Invents New U.S. Employment Numbers

Again User 353732,

You are definitely the most eloquent D & G writer/commenter I have had the pleasure of coming across. It is so well written I don't even have the nerve to take a stab at your gloomy content. You must be an angry poet.

GreatWhite


On Nov 13 09:31 AM User 353732 wrote:

> The strategy of the Big Lie has been a favored one of corrupt, grasping
> and decaying regimes throughout history. The Big Lie, when repeated
> daily and aggressively, with a snarling intensity that howls down
> dissent, is believed by a majority. For a while it is hugely successful.
>
>
> In USA 2009 the primary vehicle for the Big Lie is Official Statistics
> and ,as in all elitist and morally bankrupt regimes, Big Media is
> an enthusiastic disseminator of extravagant falsehoods masquerading
> as disinterested data.
>
> The Big lie requires that enough people outsource observation, analysis
> and thinking itself to the Masters; it requires that scores of millions
> of Americans believe the US Regime rather than themselves, friends,
> family and neighbors. The Big Lie says personal experience is an
> aberration, personal observation is an illusion. Only the Regime
> knows and only the Regime can decide what is true.
>
> With time, the dissonance between the Big Lie and personal experience
> and knowledge begins to grow until it becomes intolerable. Then truth
> suddenly prevails and the dark spell of the Regime is broken. This
> is starting to happen.
> There will be a tipping point when scores of millions of Americans
> refuse to believe the Big Lie and then the lie will fail because
> the majority of Americans will see with their own eyes and hear with
> their own ears.
>
> . A new Big Lie will then have to be invented or the Regime will
> fall. The Regime has no intention of falling. The sequential deceptions
> of the US Regime are the greatest source of economic and investor
> risk in the world today.

JP Morgan Invents New U.S. Employment Numbers

Anglel,
You are barking up the wrong tree if you expect logic and serious analysis from this author. The only government data he will acknowledge is when it is negative or can be spun negative. Other than that everyone & every govt is liar,their all committing fraud, and banks aren't banks there "Banksters" etc..... It is like trying to debate a chimp that only knows how to scream when it wants a banana!

GreatWhite


On Nov 13 01:11 PM Angel Martin wrote:

> Imports are trending up, car loadings are trending up, commodity
> prices are up, the stock market is up, the yield curve is very steep.
>
>
> No birth/death adjustment, CPI quality changes, or JMP spin here.
> Same indicators investors used in 1921.

Q3 GDP: Obviously Fictional

"You and a handful of others are a beacon in the black clouds ahead"

How almost romantically said and believed until it's attached to your name
GRUMLEY!!

Give me a break! Back to Jr High with you.

GreatWhite


On Nov 09 01:04 PM Grumley wrote:

> Jeff, we all know that these individuals are still in the denial
> phases of this kind of a crisis. There is nothing wrong with that
> as we all pass through the stages at different times and speeds.
>
>
> Don't let their confusion impede you. You and a handful of others
> are a beacon in the black clouds ahead.
>
> Thanks for your continuing efforts. Some will be saved.

Q3 GDP: Obviously Fictional

If you use as a factor the current quarter bogus figure it is 5%. if you go back YTD date his bogus number averaged out will be closer to 6%. All data points need perspective & context, and by the content of your writings you obviously don't have a grasp of perspective, context or reality.

GreatWhite


On Nov 09 12:25 PM Jeff Nielson wrote:

> So now it's "closer to 5% or 6% range" and I'M the "liar"?
>
> As I pointed out, ANYONE exposed to shadowstats data could not POSSIBLY
> believe the manure you spew in EVERY ONE of your comments.
>
> You have no credibility - and no matter how often you accuse ME of
> being a "liar", that doesn't change.
>
> As another individual pointed out in a recent comment, it was only
> a few weeks ago you branded my work as being so pathetic that it
> wasn't even "worth your time" to insult it.
>
> The fact that you're STILL here is nothing less than an implicit
> admission that YOU are treating my recent work as being more even
> more credible.
>
> Give up your pathetic "crusade"! Don Quixote had a clearer grasp
> of reality than you do.

Q3 GDP: Obviously Fictional

Well I guess Seeking Alpha finds it appropriate for you to call everyone one and every government entity a liar, but I am not allowed to call you a LIAR without them deleting my post. I have access to Williams bogus data and it is closer to 5% to 6% range than your headline grabbing 7%. Not that I even agree with the fictitious number, my point was to reveal your distortion on top of someone else's distortion to make outrageous claims.

Twist Turn and Distort again.

GreatWhite


On Nov 08 09:35 PM Jeff Nielson wrote:

> That's interesting that you have posted this IDENTICAL comment THREE
> times now. The first time you posted it (on my instablog), for some
> strange reason you never replied.
>
> When you posted this comment a SECOND time, apparently Seeking Alpha
> deleted it before I could even respond to it.
>
> For the sake of those who do not want to have to go to my "instablog",
> I'll re-post my reply - and we'll see if THIS time YOU actually reply:
>
>
>
> "I did mis-speak in one respect. Since I was talking about Q3 GDP,
> I should have said "Williams pegged Q3 U.S. inflation at roughly
> 7%..." - it has been corrected.
>
> Beyond that, Williams chart of his own CPI calculation shows it NEVER
> going lower than 6% - momentarily this year - and higher every other
> month. I've looked over the site and can see no reference to "5%
> current inflation". Did you simply make that up?
>
> A more interesting point is that Williams' data is only available
> to SUBSCRIBERS. Are you a subscriber to shadowstats.com, Great White?
> Because if you are, then you couldn't possibly believe your own B.S.?"
>

Q3 GDP: Obviously Fictional

Nielson Writes:
"Williams pegs current U.S. Inflation at roughly 7% - a huge gap from the less-than-1% the U.S. Government used to “deflate” its raw GDP data."

You even LIE about your own twisted data sources CPI figures. According to Shadow stats most recent CPI figures it is at 5%. But I guess in your twisted mind you can simply just use 2008 "Shadow Stats" figures without anybody questioning it. Your own fantasy data site contradicts your outrageous claims.
Get your Lies straight!


GreatWhite

Q3 GDP: Obviously Fictional

That is the great thing about this country, if you don't like it then you can leave.

So see yourself out the door and don't let it hit you in the keister on the way out!

We won't miss you.

GreatWhite


On Nov 08 11:44 AM Mad Hedge Fund Trader wrote:

> ngs Ouch! Another 190,000 jobs went down the crapper in October,
> taking unemployment rate to a new 27 year high of 10.2%. Add in discouraged
> job seekers, and that puts the jobless rate at gut churning 17.5%,
> and over 20% in California. Along with yesterday’s stunning, gob
> smacking 9.5% increase in Q3 productivity, the figures point a giant
> arc spotlight on what is really happening in the economy. Companies
> are still firing workers en mass to boost profits. After getting
> blood from a stone, they are returning to the same rock for one more
> drop. I guess if I fire myself, the profitability of my business
> would go through the roof too, and maybe even my stock would rise.
> At least then, I would be rid of my oldest, most expensive, but least
> productive employee, who is the most difficult to get along with,
> maxes out his sick and vacation days, and wears the same clothes
> to work every day, even when there lipstick on the collar. But then
> who would write this daily letter? Maybe Cecelia, my cleaning lady
> would do it. She’s cheap. You don’t mind getting this letter in Spanish,
> do you? ¡Andale! This explains why when you go into Office Depot
> these days, there is only one minimum waged employee standing at
> the cash register, the hours on the phone I have to wait to get technical
> support from Dell, and the endless unmovable lines at Citibank. America’s
> service economy has become all about denying service to customers.
> The scary thing is, with companies firing their way to prosperity,
> what happens when we get another dip? My theory is that the US has
> entered an era of chronically high unemployment that is never going
> away, no matter what the government does. Goodbye USA, hello Germany!

Three Factors that Will Drive New Home Sales

Pure D&G rocket science from you K Smith, must be Kate Smith from Charlie's Angels for all the lack of substance and truth in it.

GreatWhite


On Nov 06 09:46 PM K Smith wrote:

> Increases in residential construction have no bearing at all on home
> sales. Supply does not create demand.
>
> Unemployment will continue to increase. Competition for jobs will
> become more intense. I believe the number of households will shrink,
> even with a growing population. Multiple generations of families
> will move in together, and take in renters to cover housing expenses.
>
>
> Jim R is correct. The only thing that will spur real home sales is
> jobs, jobs, jobs. And job creation is nowhere on the horizon - except
> for government jobs, which aren't really jobs at all. Salaries for
> these jobs come out of others people's pockets in the form of taxes
> or devalued currency.
>
> The only demand for houses will be artificial demand created by government
> backed phony-baloney mortgage programs that will have sky high default
> rates. This will just reinflate the housing bubble. This is already
> being done by the FHA, which is allowing the phantom $8,000 tax credit
> to be used for down payment money, resulting in no-money-down home
> loans.
>
> Squatters will live in abandoned homes. We will have suburban slums,
> reduced quality of local public services because of a declining tax
> base, and lingering malaise.
>
> The Carter years were picnic in the park compared to what lies in
> store for much of our nation.
>
> The only thing that will lift us - and the rest of the world - out
> of what lies ahead is a really big war. History reveals that this
> is next on the agenda of our national leaders.
>
> If you haven't yet planned on moving to Canada to escape the coming
> economic armageddon, you may wish to do so to keep your sons - and
> daughters - from being drafted.

Fictional GDP Number an Obvious Sham

Nielson Writes:
"Williams pegs current U.S. Inflation at roughly 7% - a huge gap from the less-than-1% the U.S. Government used to “deflate” its raw GDP data."

You even LIE about your own twisted data sources CPI figures. According to Shadow stats most recent CPI figures it is at 5%. But I guess in your twisted mind you can simply just use 2008 "Shadow Stats" figures without anybody questioning it. Your own garbage data site contradicts your outrageous claims. Get your LYING straight!

Twist, Turn and LIE is what you do. All the time

GreatWhite