Darrell's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/7173/comments http://seekingalpha.com/article/179802-california-asks-rest-of-nation-s-taxpayers-to-help-pay-for-its-unbalanced-budget?source=feed#comment-821405 821405
We are still in a democracy and voters have the final say. It is through the initiative process that voters control the pay and benefits of government workers so stop your carping and do some real work for a chance. ]]> Fri, 25 Dec 2009 14:43:08 -0500
We are still in a democracy and voters have the final say. It is through the initiative process that voters control the pay and benefits of government workers so stop your carping and do some real work for a chance. ]]> http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-777223 777223
And this is why our policy wonks are addicted to deficit financing: the debt holders are the only players that are reaping the consequences of bad policy. Our policy wonks have been successful in “kicking the can down the road” but investors are aware that the days of unlimited deficit financing are numbered and, in all probability, it will be the unanticipated events that cause the panic selling of global currencies and these events will the catalyst for the creation of a new global currency system.

Enjoy your thanksgiving holiday. ]]> Wed, 25 Nov 2009 11:47:23 -0500
And this is why our policy wonks are addicted to deficit financing: the debt holders are the only players that are reaping the consequences of bad policy. Our policy wonks have been successful in “kicking the can down the road” but investors are aware that the days of unlimited deficit financing are numbered and, in all probability, it will be the unanticipated events that cause the panic selling of global currencies and these events will the catalyst for the creation of a new global currency system.

Enjoy your thanksgiving holiday. ]]> http://seekingalpha.com/article/173543-china-nixes-obama-s-balanced-trade-rhetoric?source=feed#comment-763888 763888
Our Federal Reserve Policy wonks control the production of dollars and our government policy wonks decide how foreign dollar holders can use the dollar. One saw how quickly our government policy wonks acted when China tried to use their vast dollar holdings to buy Union Oil.

Most central bankers understand that as long as global transactions are dominated in dollars our policy wonks are in the driver’s seat. We have veto powers on how foreign dollar holders can spend, invest, or save their dollar holdings.

This is why China, Frazil, Russia, France, Germany, India and other countries are pushing for a global currency system, a system that would replace the current currency system.

The above countries believe that they have “right” on their side. And, like the long march, they are patience in the execution of their plans.

The global trading community will, in time, adopt a global currency, what we are witnessing now is simply the beginning stages of negotiations between countries whose currencies are used as global currencies and countries that want to change the current currency system to a system that they think is fair to all.

I am in favor of a global currency system as I think the global community will come out the better for it. And I think our government policy wonks will recommend that we join the new currency system, simply because it will be the right thing to do. ]]> Tue, 17 Nov 2009 12:12:20 -0500
Our Federal Reserve Policy wonks control the production of dollars and our government policy wonks decide how foreign dollar holders can use the dollar. One saw how quickly our government policy wonks acted when China tried to use their vast dollar holdings to buy Union Oil.

Most central bankers understand that as long as global transactions are dominated in dollars our policy wonks are in the driver’s seat. We have veto powers on how foreign dollar holders can spend, invest, or save their dollar holdings.

This is why China, Frazil, Russia, France, Germany, India and other countries are pushing for a global currency system, a system that would replace the current currency system.

The above countries believe that they have “right” on their side. And, like the long march, they are patience in the execution of their plans.

The global trading community will, in time, adopt a global currency, what we are witnessing now is simply the beginning stages of negotiations between countries whose currencies are used as global currencies and countries that want to change the current currency system to a system that they think is fair to all.

I am in favor of a global currency system as I think the global community will come out the better for it. And I think our government policy wonks will recommend that we join the new currency system, simply because it will be the right thing to do. ]]> http://seekingalpha.com/article/172950-gold-bullion-on-a-tear-what-next?source=feed#comment-757765 757765
From what I read in the FT and other financial publications, China is using their vast dollar holdings to buy rare earth metals.

Hoarding currencies at low interest rates are not as popular now. ]]> Thu, 12 Nov 2009 17:26:48 -0500
From what I read in the FT and other financial publications, China is using their vast dollar holdings to buy rare earth metals.

Hoarding currencies at low interest rates are not as popular now. ]]> http://seekingalpha.com/article/172206-the-consequences-of-the-u-s-monetary-base-bubble?source=feed#comment-754036 754036
Central bankers are legally obligated to accept the dollar as legal tender and our deficit spending policies are based on this fact. Our policy wonks perceive that changes to the global currency system are in the planning stage but don’t think anything will happen in the near future. And their thinking is that they can correct our economic problems before changes do occur therefore responding from a position of strength.

My personnel belief is that our policy wonks are addicted to deficit spending and will not change their policies until they are forced to change.

Once central bankers no longer accept the dollar as legal tender in their country then the American economy will experience the economic dislocations caused by the Federal Reserve’s policies.

In order for the central bankers to act decisively on the dollar and other national currencies used as global currency, they will have to agree to a new global currency system, one that replaces the current system.

We see that Germany, France, China, India, Russia and other central banker’s policy wonks are actively working on a new currency system. The question is will we experience a currency panic before the global economy transitions into the new currency system. ]]> Tue, 10 Nov 2009 12:45:56 -0500
Central bankers are legally obligated to accept the dollar as legal tender and our deficit spending policies are based on this fact. Our policy wonks perceive that changes to the global currency system are in the planning stage but don’t think anything will happen in the near future. And their thinking is that they can correct our economic problems before changes do occur therefore responding from a position of strength.

My personnel belief is that our policy wonks are addicted to deficit spending and will not change their policies until they are forced to change.

Once central bankers no longer accept the dollar as legal tender in their country then the American economy will experience the economic dislocations caused by the Federal Reserve’s policies.

In order for the central bankers to act decisively on the dollar and other national currencies used as global currency, they will have to agree to a new global currency system, one that replaces the current system.

We see that Germany, France, China, India, Russia and other central banker’s policy wonks are actively working on a new currency system. The question is will we experience a currency panic before the global economy transitions into the new currency system. ]]> http://seekingalpha.com/article/172050-q3-gdp-obviously-fictional?source=feed#comment-750887 750887
Foreign dollar holders currently have over 50% of the dollar supply; our policy wonks think that tax revenues will come in a tidal stream once these dollars are spent on American made goods, services and/or assets. These tax revenues will be used to pay down the government’s huge debt load. And once the debt load is paid off, the smoke screen numbers they gave will not even be a footnote in history books.

And once again our political leaders will be in control of events.

President Obama and Congress will revise the bankruptcy laws so that individuals can use legal means to get out from under their debt load.

And the above is the scenario that will supposedly play out in the coming months and years. ]]> Sun, 08 Nov 2009 12:19:35 -0500
Foreign dollar holders currently have over 50% of the dollar supply; our policy wonks think that tax revenues will come in a tidal stream once these dollars are spent on American made goods, services and/or assets. These tax revenues will be used to pay down the government’s huge debt load. And once the debt load is paid off, the smoke screen numbers they gave will not even be a footnote in history books.

And once again our political leaders will be in control of events.

President Obama and Congress will revise the bankruptcy laws so that individuals can use legal means to get out from under their debt load.

And the above is the scenario that will supposedly play out in the coming months and years. ]]> http://seekingalpha.com/article/170866-were-paying-for-health-reform-with-another-alternative-minimum-tax?source=feed#comment-744491 744491
My questions are: How many Americans die each year because they lack adequate health care? How many Americans suffer permanent health problems because they cannot afford the cost of medical care?

Public option is the solution to the problems of lack of financing by people with health care needs.

My suggestion is to put funding of public option health care above funding for foreign aid, funding for overseas military bases, above funding for unjust wars, and I sure your readers can list many other government programs whose funding should be below public health care]]> Wed, 04 Nov 2009 12:13:56 -0500
My questions are: How many Americans die each year because they lack adequate health care? How many Americans suffer permanent health problems because they cannot afford the cost of medical care?

Public option is the solution to the problems of lack of financing by people with health care needs.

My suggestion is to put funding of public option health care above funding for foreign aid, funding for overseas military bases, above funding for unjust wars, and I sure your readers can list many other government programs whose funding should be below public health care]]> http://seekingalpha.com/article/170369-dollar-danger-iran-s-oil-bourse-steps-up-activity?source=feed#comment-739394 739394
I wish them the best. ]]> Sun, 01 Nov 2009 13:17:33 -0500
I wish them the best. ]]> http://seekingalpha.com/article/170187-u-s-economy-is-growing-again?source=feed#comment-738548 738548
By the way, I am more than satisfied with my Ford Focus.

The dollar is accepted as legal tender by most central bankers: and, as I watch a squire climb a tree in my neighbor’s backyard, I know the central banks are the store house for excess dollars. I think that our economy is not experiencing the economic dislocations caused by too much currency because these central banks act as the black hole for excess dollars.

I also think that national currencies being used as a global currency is an un-stainable way of conducting global trade, so the global currency system must be changed in order for global trade to function effectively.

Your analysis does not take into consideration this global currency imbalance and, once the currency change does occur, the consequence to the US economy. So it is easy for you to say our economy is improving, when, in reality, our economy will imploded once the dollar is not longer accepted as global legal tender. ]]> Sat, 31 Oct 2009 14:12:44 -0400
By the way, I am more than satisfied with my Ford Focus.

The dollar is accepted as legal tender by most central bankers: and, as I watch a squire climb a tree in my neighbor’s backyard, I know the central banks are the store house for excess dollars. I think that our economy is not experiencing the economic dislocations caused by too much currency because these central banks act as the black hole for excess dollars.

I also think that national currencies being used as a global currency is an un-stainable way of conducting global trade, so the global currency system must be changed in order for global trade to function effectively.

Your analysis does not take into consideration this global currency imbalance and, once the currency change does occur, the consequence to the US economy. So it is easy for you to say our economy is improving, when, in reality, our economy will imploded once the dollar is not longer accepted as global legal tender. ]]> http://seekingalpha.com/article/167803-u-s-dollar-now-testing-1-50-per-euro?source=feed#comment-723766 723766
For a long time foreign investors and foreign institutions invested in dollars because our dollar remained stable while their country’s currency depreciated.

Now the world is a-washed in dollars, and central bankers are powerless to stop the continued flow of dollars into their treasury. Our policy wonks think that eventually foreign dollar holders will be forced to spend their dollar holdings buying American made goods, services, and/or assets thus creating the tax revenues needed to pay down our large debt.

And we do see foreign dollar holders spending dollars on commodities, on goods, on services, etc. but they are buying from other countries or foreign companies so the transactions are not taxed by the IRS. At the same time we see more and more Americans retire abroad because they cannot live on their meager pensions in the US.

By now, most investors know that central bankers no longer want to use the dollar as a global currency, or, for that matter, any other national currency as a global currency. Our former enemies and now our competitors: China, Russia, etc. are leading the charge, but other countries have joined the quest to change the current global currency system into a currency system that will be independent of national control.

The dollar is now in a transition stage, and I expect at some point in this transition the American government will no longer be able to dominated debt from foreign lenders in their own currency. And, this, my friends, is why I think the dollar is going down in value.

]]> Wed, 21 Oct 2009 13:11:47 -0400
For a long time foreign investors and foreign institutions invested in dollars because our dollar remained stable while their country’s currency depreciated.

Now the world is a-washed in dollars, and central bankers are powerless to stop the continued flow of dollars into their treasury. Our policy wonks think that eventually foreign dollar holders will be forced to spend their dollar holdings buying American made goods, services, and/or assets thus creating the tax revenues needed to pay down our large debt.

And we do see foreign dollar holders spending dollars on commodities, on goods, on services, etc. but they are buying from other countries or foreign companies so the transactions are not taxed by the IRS. At the same time we see more and more Americans retire abroad because they cannot live on their meager pensions in the US.

By now, most investors know that central bankers no longer want to use the dollar as a global currency, or, for that matter, any other national currency as a global currency. Our former enemies and now our competitors: China, Russia, etc. are leading the charge, but other countries have joined the quest to change the current global currency system into a currency system that will be independent of national control.

The dollar is now in a transition stage, and I expect at some point in this transition the American government will no longer be able to dominated debt from foreign lenders in their own currency. And, this, my friends, is why I think the dollar is going down in value.

]]> http://seekingalpha.com/article/164635-friday-s-employment-numbers-no-visible-recovery?source=feed#comment-703016 703016
Your points are well taken but I think they are a consequence of the dollar being a global currency that is not subject to external economic controls. The “free world” accepted the dollar as legal tender at the beginning of the cold war, when the focus was fighting communist ideology and not on the type of currency system needed to manage global trade.

The cold war is over and our previous enemies are now our competitors, and they think, because our dollar is used as global legal tender that is not subject to any form of economic control, we have a competitive advantage over other nations participating in global trade.

I agree, as I think the central banks are the black hole that stores excess dollars, thus sparing our economy the economic dislocations that are created when too much currency circulates in the economy.

Our competitors want to change the world’s currency system so that no one nation has control over it.

The points you made are the consequence of the dollar being thought of as capital, as being wealth onto itself, and not as a currency whose value must be measured according to predetermined economic measurements. Also, Howard, you must remember that all our debt is dominated in dollars so we simply pay it off by printing more dollars, not by taxing earnings.

The US dollar is in transition, going from a global currency to a national currency only. More and more nations are committed to changing the current currency system and adopting a new system that will be faired and controlled by an international body of policy wonks that do not report to a national government. The question is not when, but how? ]]> Sun, 04 Oct 2009 20:14:16 -0400
Your points are well taken but I think they are a consequence of the dollar being a global currency that is not subject to external economic controls. The “free world” accepted the dollar as legal tender at the beginning of the cold war, when the focus was fighting communist ideology and not on the type of currency system needed to manage global trade.

The cold war is over and our previous enemies are now our competitors, and they think, because our dollar is used as global legal tender that is not subject to any form of economic control, we have a competitive advantage over other nations participating in global trade.

I agree, as I think the central banks are the black hole that stores excess dollars, thus sparing our economy the economic dislocations that are created when too much currency circulates in the economy.

Our competitors want to change the world’s currency system so that no one nation has control over it.

The points you made are the consequence of the dollar being thought of as capital, as being wealth onto itself, and not as a currency whose value must be measured according to predetermined economic measurements. Also, Howard, you must remember that all our debt is dominated in dollars so we simply pay it off by printing more dollars, not by taxing earnings.

The US dollar is in transition, going from a global currency to a national currency only. More and more nations are committed to changing the current currency system and adopting a new system that will be faired and controlled by an international body of policy wonks that do not report to a national government. The question is not when, but how? ]]> http://seekingalpha.com/article/164635-friday-s-employment-numbers-no-visible-recovery?source=feed#comment-702711 702711
One has to think that our policy wonks, our political leadership understand that one cannot resolve social, political, or whatever problems by debasing the currency. Brazil and Argentina are countries that tried to resolve their problems through currency debasement. Have they learned their lesson?

One can see today that Brazil is on the road to a sustainable recovery and ongoing prosperity. Brazil, I think, understands that they acquire what they need by creating things that other people need, thus generate the earnings needed to acquire what they want.

I think the attitude of the majority of our political leadership and of our policy wonks is that central bankers, who have a large stockpile of dollars, will eventually spend the dollars, and through this spending process create a US trade surplus!

Dream on! ]]> Sun, 04 Oct 2009 14:20:26 -0400
One has to think that our policy wonks, our political leadership understand that one cannot resolve social, political, or whatever problems by debasing the currency. Brazil and Argentina are countries that tried to resolve their problems through currency debasement. Have they learned their lesson?

One can see today that Brazil is on the road to a sustainable recovery and ongoing prosperity. Brazil, I think, understands that they acquire what they need by creating things that other people need, thus generate the earnings needed to acquire what they want.

I think the attitude of the majority of our political leadership and of our policy wonks is that central bankers, who have a large stockpile of dollars, will eventually spend the dollars, and through this spending process create a US trade surplus!

Dream on! ]]> http://seekingalpha.com/article/163649-xerox-bets-on-services-buys-acs?source=feed#comment-695464 695464
What do storing digital documents mean to our everyday life? It means that the traffic ticket you got 30 years ago in a different state, so you never bother to pay the fine, is now stored in a computer. If you go back to that state and a cop does a warrant check on you, you will be liable for arrest and in all probability be required to pay the fine.

With the acquisition of ACS, Ms. Burns allows Xerox the flexibility to pursue revenue creating opportunities that are still in the idea stage. Xerox’s best days are in the future. ]]> Tue, 29 Sep 2009 12:42:28 -0400
What do storing digital documents mean to our everyday life? It means that the traffic ticket you got 30 years ago in a different state, so you never bother to pay the fine, is now stored in a computer. If you go back to that state and a cop does a warrant check on you, you will be liable for arrest and in all probability be required to pay the fine.

With the acquisition of ACS, Ms. Burns allows Xerox the flexibility to pursue revenue creating opportunities that are still in the idea stage. Xerox’s best days are in the future. ]]> http://seekingalpha.com/article/161284-u-s-vs-china-has-trade-war-begun?source=feed#comment-676100 676100
For way to long we have been prolonging our false prosperity by exchanging a valueless currency for goods, services and/or assets that continues our false prosperity; as people have stated for far too long: we have been kicking the can down the road.

Right now central bankers are acting as the black hole for excess dollars, dollars that are not needed to conduct global commerce. China is using some of their dollar stockpile to buy commodity assets all over the world with the warning that they think the dollar is valueless and it is part of a flawed global currency system.

China, France, Japan, Brazil, India, and other nations have been developing a new global currency system that will replace the existing system,

Central bankers are committed to changing the current global currency system so it is now just a matter of time before the dollar is no longer accepted as legal tender for the purposes of global commerce.

The only remaining question is will the dollar’s demise be the result of investors, institutions, central bankers, etc. manically abandoning the dollar or will the dollar’s demise be the result of planned transition.

Your guess is as good as mine.

And I agree with TheresaE, China thinks their political system is far superior to ours. And, I disagree with China’s viewpoint, the fact that we can share our views and grow and change from our ethical lapses, is the hallmark of democracy. ]]> Mon, 14 Sep 2009 13:31:25 -0400
For way to long we have been prolonging our false prosperity by exchanging a valueless currency for goods, services and/or assets that continues our false prosperity; as people have stated for far too long: we have been kicking the can down the road.

Right now central bankers are acting as the black hole for excess dollars, dollars that are not needed to conduct global commerce. China is using some of their dollar stockpile to buy commodity assets all over the world with the warning that they think the dollar is valueless and it is part of a flawed global currency system.

China, France, Japan, Brazil, India, and other nations have been developing a new global currency system that will replace the existing system,

Central bankers are committed to changing the current global currency system so it is now just a matter of time before the dollar is no longer accepted as legal tender for the purposes of global commerce.

The only remaining question is will the dollar’s demise be the result of investors, institutions, central bankers, etc. manically abandoning the dollar or will the dollar’s demise be the result of planned transition.

Your guess is as good as mine.

And I agree with TheresaE, China thinks their political system is far superior to ours. And, I disagree with China’s viewpoint, the fact that we can share our views and grow and change from our ethical lapses, is the hallmark of democracy. ]]> http://seekingalpha.com/article/159962-china-urges-citizens-to-buy-gold-and-silver?source=feed#comment-661763 661763
China is doing the prudent thing: informing their citizens that they should reduce their dollar holdings now while it is still accepted as legal tender by the world’s central bankers.

For the last several years, Russia government leaders have been encouraging their citizens to exchange their dollar holdings for gold; In America and Canada, commentators, such as you, have been telling investors for years and years to convert as much dollars as possible to gold and silver as this is the true currency and the only currency that can withstand the ravages of inflation.

In my view, China is rather late to the game in recognizing gold and silver as a currency, but not too late in warning their citizens to convert their dollars and/or other currencies into gold and silver. ]]> Fri, 04 Sep 2009 10:39:28 -0400
China is doing the prudent thing: informing their citizens that they should reduce their dollar holdings now while it is still accepted as legal tender by the world’s central bankers.

For the last several years, Russia government leaders have been encouraging their citizens to exchange their dollar holdings for gold; In America and Canada, commentators, such as you, have been telling investors for years and years to convert as much dollars as possible to gold and silver as this is the true currency and the only currency that can withstand the ravages of inflation.

In my view, China is rather late to the game in recognizing gold and silver as a currency, but not too late in warning their citizens to convert their dollars and/or other currencies into gold and silver. ]]> http://seekingalpha.com/article/157817-china-s-problem-too-much-money?source=feed#comment-643706 643706
When China exchanges their goods and/or services for our currency one has to ask: why? After all they have no need for the dollar; they simply use it to buy mainly US government debt. Recently, they have used their vast dollar hoard to buy minerals from other countries, exchanging the dollar for that country’s assets.

China accepted the dollar because they needed our expertise in training their managerial workforce; they needed our expertise in developing their professional class to function effectively in a global competitive environment. China is now at the edge of being able to function effectively in a global competitive environment.

Because China thinks they are no longer are dependent on American assistance for building their economy they want to break free of the dollar, they no longer want to exchange their goods and services for a worthless currency.

But the question is how?

America, on the other hand, has used creative destruction tactics, to transform their industrial economy. By transferring our industrial production overseas, we essentially broke the backs of the unions that controlled our industrial workforce. It remains to be seen if the new industrial workforce will be nonunion. But it is certain, they will be highly skilled, well educated, and be focused on outcomes.

As far as the dollar, we will tell China how they will use it. Instead of the taxpayer subsidizing the farmer, we will simply allow China use some of their dollar hoard to buy our farm products. Instead of bailing out our natural gas producers we will allow China to buy natural gas. We are in the driver’s seat; we will tell them how they can use our currency if they want to spent it or invest it. Buy our bonds, no problems. But if you want to invest it or spent it, get our permission first. Otherwise no go.

China understands their predicament and this is why they want a universal currency for global trade, a currency that will be regulated by policy wonks who is not tied to a national government. Other nations understand the problems of national currencies being used as a global currency and they want to see changes in the global currency situation.

Changes will occur, and we are in the start of a transition stage. ]]> Mon, 24 Aug 2009 13:27:27 -0400
When China exchanges their goods and/or services for our currency one has to ask: why? After all they have no need for the dollar; they simply use it to buy mainly US government debt. Recently, they have used their vast dollar hoard to buy minerals from other countries, exchanging the dollar for that country’s assets.

China accepted the dollar because they needed our expertise in training their managerial workforce; they needed our expertise in developing their professional class to function effectively in a global competitive environment. China is now at the edge of being able to function effectively in a global competitive environment.

Because China thinks they are no longer are dependent on American assistance for building their economy they want to break free of the dollar, they no longer want to exchange their goods and services for a worthless currency.

But the question is how?

America, on the other hand, has used creative destruction tactics, to transform their industrial economy. By transferring our industrial production overseas, we essentially broke the backs of the unions that controlled our industrial workforce. It remains to be seen if the new industrial workforce will be nonunion. But it is certain, they will be highly skilled, well educated, and be focused on outcomes.

As far as the dollar, we will tell China how they will use it. Instead of the taxpayer subsidizing the farmer, we will simply allow China use some of their dollar hoard to buy our farm products. Instead of bailing out our natural gas producers we will allow China to buy natural gas. We are in the driver’s seat; we will tell them how they can use our currency if they want to spent it or invest it. Buy our bonds, no problems. But if you want to invest it or spent it, get our permission first. Otherwise no go.

China understands their predicament and this is why they want a universal currency for global trade, a currency that will be regulated by policy wonks who is not tied to a national government. Other nations understand the problems of national currencies being used as a global currency and they want to see changes in the global currency situation.

Changes will occur, and we are in the start of a transition stage. ]]> http://seekingalpha.com/article/157536-private-prisons-a-reliable-american-growth-industry?source=feed#comment-641204 641204 Sat, 22 Aug 2009 16:40:41 -0400 http://seekingalpha.com/article/157383-calpers-is-unsustainable?source=feed#comment-640139 640139
One should be reminded that the San Franciscan voters had the opportunity to vote on these retirement benefits for municipal employees; these retirement packages became law and a benefit only after voter approval. The chief in no way manipulated the process to get her retirement benefits, the voters approved these benefit increases and she earned it fair and square.

Since the voters approved these benefit packages, they must now vote for more stringent benefit packages; this is how the system must reforms itself. In any case, bankruptcy should not be a way out for state and local governments to not pay for these retirement benefits; increasing taxes is the most viable option. ]]> Fri, 21 Aug 2009 14:19:58 -0400
One should be reminded that the San Franciscan voters had the opportunity to vote on these retirement benefits for municipal employees; these retirement packages became law and a benefit only after voter approval. The chief in no way manipulated the process to get her retirement benefits, the voters approved these benefit increases and she earned it fair and square.

Since the voters approved these benefit packages, they must now vote for more stringent benefit packages; this is how the system must reforms itself. In any case, bankruptcy should not be a way out for state and local governments to not pay for these retirement benefits; increasing taxes is the most viable option. ]]> http://seekingalpha.com/article/156450-will-self-preservation-work-after-decades-of-fiscal-suicide?source=feed#comment-633215 633215
Before the dollar goes from a global currency to a national currency, I expect interest rates to go up dramatically, budget management a priority, and the Americans to finally understand that it is earnings, and not money production, that creates wealth and fuels prosperity. ]]> Mon, 17 Aug 2009 12:37:12 -0400
Before the dollar goes from a global currency to a national currency, I expect interest rates to go up dramatically, budget management a priority, and the Americans to finally understand that it is earnings, and not money production, that creates wealth and fuels prosperity. ]]> http://seekingalpha.com/article/154858-why-is-the-fed-buying-treasuries?source=feed#comment-622091 622091
Because of the cold war, the free world central bankers never placed restrictions on the dollar as a global currency. Now that Russia, China, India, Brazil, etc. have entered into the global competitive market as competitors they understand how the dollar, as global legal tender, gives the US an enormous competitive advantage in the world’s market place.

Rightly, they want a change in the global currency system. France, the first country to oppose the dollar as a global currency, and Germany has joined as early participants in the quest to create a new global currency. So the focus will be how this change will come about: will currency panic induce policy wonks to act hastily? Or can the policy wonks establish priorities and develop a plan of currency change that will be the bellwether a smooth transition?

We are in the early stages of currency transition, it remains to be seen how this currency transition will occur and how the losers will react once they understand their privileged position is no longer. ]]> Sun, 09 Aug 2009 13:20:25 -0400
Because of the cold war, the free world central bankers never placed restrictions on the dollar as a global currency. Now that Russia, China, India, Brazil, etc. have entered into the global competitive market as competitors they understand how the dollar, as global legal tender, gives the US an enormous competitive advantage in the world’s market place.

Rightly, they want a change in the global currency system. France, the first country to oppose the dollar as a global currency, and Germany has joined as early participants in the quest to create a new global currency. So the focus will be how this change will come about: will currency panic induce policy wonks to act hastily? Or can the policy wonks establish priorities and develop a plan of currency change that will be the bellwether a smooth transition?

We are in the early stages of currency transition, it remains to be seen how this currency transition will occur and how the losers will react once they understand their privileged position is no longer. ]]> http://seekingalpha.com/article/151209-beggar-thy-neighbor-is-working-for-korea?source=feed#comment-602228 602228 Sat, 25 Jul 2009 20:57:39 -0400 http://seekingalpha.com/article/149661-south-africa-far-from-optimal-but-that-s-not-saying-much?source=feed#comment-596068 596068
It is government that ensures that society has a good educational system, good infrastructure, has laws that regulate society in a fair and equable manner, and provides for the moral foundation that encourages harmonious relationship between peoples.

People by nature are wealth creating animals, if government creates a foundation that hampers this godly human gift then society as a whole suffers. In South Africa’s case the society has been hampered by bad government for many years. I do pray that President Jacob Zuma prays to God for the wisdom needed to help him right the South African society.]]> Tue, 21 Jul 2009 01:03:41 -0400
It is government that ensures that society has a good educational system, good infrastructure, has laws that regulate society in a fair and equable manner, and provides for the moral foundation that encourages harmonious relationship between peoples.

People by nature are wealth creating animals, if government creates a foundation that hampers this godly human gift then society as a whole suffers. In South Africa’s case the society has been hampered by bad government for many years. I do pray that President Jacob Zuma prays to God for the wisdom needed to help him right the South African society.]]> http://seekingalpha.com/article/147596-a-dire-warning-for-the-u-s-economy?source=feed#comment-578935 578935
President Obama is financing affordable health care with debt, alternative energy projects with debt, infrastructure improvements with debt, and the list goes on.

President Obama’s financing will produce a return, it will generate revenues that can be used to pay down the debt. President Bush’s debt financing is not producing a return, meaning that our tax dollars will have to be diverted from productive activities to paying down this debt.

The United States became fat and sassy during the cold war as we were one of the few openly capitalistic countries in the world. The cold war is over and we are now functioning in a global, capitalistic economy. Our former enemies are now our competitors and they are giving us a run for our money.

Our unemployment rates will go much higher in the future because the lack of productive investment of tax dollars, our high cost structure, and the rise of new competitors who are doing a much better job of making and marketing quality products.

Will the unemployed riot? Our unemployed people are more enterprising, crime will go up as our economy stagnates, and the value of our assets decline. Our underground economy will thrive and we will work our way through our problems and come out the better for it.

Many investors think that because of America’s huge debt load, high cost structure, and ineffective policy making, its economic power will diminish and other nations will replace it on the world stage.

Maybe so in the short term, but long term, I think we will come back strong.




]]> Wed, 08 Jul 2009 11:36:11 -0400
President Obama is financing affordable health care with debt, alternative energy projects with debt, infrastructure improvements with debt, and the list goes on.

President Obama’s financing will produce a return, it will generate revenues that can be used to pay down the debt. President Bush’s debt financing is not producing a return, meaning that our tax dollars will have to be diverted from productive activities to paying down this debt.

The United States became fat and sassy during the cold war as we were one of the few openly capitalistic countries in the world. The cold war is over and we are now functioning in a global, capitalistic economy. Our former enemies are now our competitors and they are giving us a run for our money.

Our unemployment rates will go much higher in the future because the lack of productive investment of tax dollars, our high cost structure, and the rise of new competitors who are doing a much better job of making and marketing quality products.

Will the unemployed riot? Our unemployed people are more enterprising, crime will go up as our economy stagnates, and the value of our assets decline. Our underground economy will thrive and we will work our way through our problems and come out the better for it.

Many investors think that because of America’s huge debt load, high cost structure, and ineffective policy making, its economic power will diminish and other nations will replace it on the world stage.

Maybe so in the short term, but long term, I think we will come back strong.




]]> http://seekingalpha.com/article/147047-dollar-s-days-of-dominance-are-over?source=feed#comment-577267 577267
The dollar survived as a global currency because of the cold war; now our former enemies are now our competitors, and they want to adopt global currency that is independent of national control.

Because the dollar is a global currency, we can obtain goods, services and/or assets simply by issuing currency; this explains why our political leadership has no problem in borrowing money to finance unjust wars, give out money in foreign aid, and finance government programs that will provide benefits to our generation or future generations. And the list goes on.

I think the global community is doing us a good turn when they proposed a global currency that is independent of national control. ]]> Tue, 07 Jul 2009 12:28:02 -0400
The dollar survived as a global currency because of the cold war; now our former enemies are now our competitors, and they want to adopt global currency that is independent of national control.

Because the dollar is a global currency, we can obtain goods, services and/or assets simply by issuing currency; this explains why our political leadership has no problem in borrowing money to finance unjust wars, give out money in foreign aid, and finance government programs that will provide benefits to our generation or future generations. And the list goes on.

I think the global community is doing us a good turn when they proposed a global currency that is independent of national control. ]]> http://seekingalpha.com/article/145789-california-s-default-is-certain?source=feed#comment-565836 565836
The dollar is one of the few currencies that are accepted as legal tender, globally. And this is why we have a large population of immigrants in the USofA, legal and otherwise. As of today, over 50% of all dollars are held by foreign interest.

Since the beginning of the cold war, we have been using currency to buy what we need. And we will continue to do so, until the commercial world no longer accepts the dollar as legal tender.

Our budget deficit is occurring because foreign dollars holders are using their dollars to buy our debt.

Likewise immigrants are coming here because our dollar is a global currency and we can buy what we need without having to go through the process of exchanging value for value. If our government had to fund programs through the taxation of earnings, our consumption prosperity would not have occurred and we would see a more even development through out the world.

China, Brazil, Russia and other countries have advocated that national currencies used as a global currencies be replaced with on global currency. Once this occurs then we will see our government leadership act in a fiscally prudent manner. Until then, expect more of the same.
]]> Sun, 28 Jun 2009 13:08:09 -0400
The dollar is one of the few currencies that are accepted as legal tender, globally. And this is why we have a large population of immigrants in the USofA, legal and otherwise. As of today, over 50% of all dollars are held by foreign interest.

Since the beginning of the cold war, we have been using currency to buy what we need. And we will continue to do so, until the commercial world no longer accepts the dollar as legal tender.

Our budget deficit is occurring because foreign dollars holders are using their dollars to buy our debt.

Likewise immigrants are coming here because our dollar is a global currency and we can buy what we need without having to go through the process of exchanging value for value. If our government had to fund programs through the taxation of earnings, our consumption prosperity would not have occurred and we would see a more even development through out the world.

China, Brazil, Russia and other countries have advocated that national currencies used as a global currencies be replaced with on global currency. Once this occurs then we will see our government leadership act in a fiscally prudent manner. Until then, expect more of the same.
]]> http://seekingalpha.com/article/139508-step-back-and-take-a-big-picture-look-at-the-u-s-dollar?source=feed#comment-517989 517989
In most instances, foreign dollar holders are saving their dollars and not spending or investing it. These dollar holders are content to hold their dollars in non-interest bearing accounts or interest bearing accounts that offer below inflation rate of return.

As your charts point out this era is coming to an end and people want a real rate of return on their dollar holdings; otherwise they will dispose of their dollar holdings and invest in activities that will give them a profit on their investments.

In most cases they will invest in opportunities in their own country.

My predication: expect American savers to receive above inflation rate interest on their savings, American investors to be countered by those who need capital and expect our government to finally understand that its activities must be funded on a “pay as you go” basis.

Once these forces are in place, expect America to take a preeminent role in global commerce. ]]> Tue, 26 May 2009 11:49:44 -0400
In most instances, foreign dollar holders are saving their dollars and not spending or investing it. These dollar holders are content to hold their dollars in non-interest bearing accounts or interest bearing accounts that offer below inflation rate of return.

As your charts point out this era is coming to an end and people want a real rate of return on their dollar holdings; otherwise they will dispose of their dollar holdings and invest in activities that will give them a profit on their investments.

In most cases they will invest in opportunities in their own country.

My predication: expect American savers to receive above inflation rate interest on their savings, American investors to be countered by those who need capital and expect our government to finally understand that its activities must be funded on a “pay as you go” basis.

Once these forces are in place, expect America to take a preeminent role in global commerce. ]]> http://seekingalpha.com/article/139309-enbridge-transcanada-pipeline-companies-offering-safety-and-growth?source=feed#comment-516202 516202 Sun, 24 May 2009 13:49:37 -0400 http://seekingalpha.com/article/139333-is-california-in-need-of-a-bailout?source=feed#comment-516184 516184
Because the dollar is a global currency it is accepted as legal tender in most countries; meaning that one can use their dollars to buy goods, services and/or assets in most countries in the world.

And Central banks have become the storehouse for excess dollars.

The world economy has to accept the dollar no matter what; thus hiding the fact that our government has printed way more dollars that is economically needed. Because the dollar is a global currency, resource misallocations can be resolved by printing more currency rather than by prudent fiscal management of resources.

If our dollar was a only a national currency we would not have overpaid government workers, nor would we have generous fringe benefits for government workers, and many programs and activities that are currently funded, would not have seen the light of day. Our political leadership will be forced to live within a budget.

The dollar will be replaced by a global currency that will be regulated by policy wonks whose decisions will be free of national influence.

Our government, and every other government, will have to manage their government programs with limited funds. So it doesn’t matter if social unrest occurs, the problems that caused the social unrest will have to be resolved through community input. ]]> Sun, 24 May 2009 13:34:04 -0400
Because the dollar is a global currency it is accepted as legal tender in most countries; meaning that one can use their dollars to buy goods, services and/or assets in most countries in the world.

And Central banks have become the storehouse for excess dollars.

The world economy has to accept the dollar no matter what; thus hiding the fact that our government has printed way more dollars that is economically needed. Because the dollar is a global currency, resource misallocations can be resolved by printing more currency rather than by prudent fiscal management of resources.

If our dollar was a only a national currency we would not have overpaid government workers, nor would we have generous fringe benefits for government workers, and many programs and activities that are currently funded, would not have seen the light of day. Our political leadership will be forced to live within a budget.

The dollar will be replaced by a global currency that will be regulated by policy wonks whose decisions will be free of national influence.

Our government, and every other government, will have to manage their government programs with limited funds. So it doesn’t matter if social unrest occurs, the problems that caused the social unrest will have to be resolved through community input. ]]> http://seekingalpha.com/article/139075-what-u-s-needs-is-long-term-comprehensive-energy-policy?source=feed#comment-514760 514760
President Obama has not claimed he or his administration has all the answers, his energy task force is open to suggestions and comments, but he is committed to an energy policy that will define our sources of energy for the foreseeable future so that we can proceed with our lives knowing how we will obtain our energy sources and plan accordingly.

I think China, Russia and other countries are buying commodities because they want to reduce their dollar holdings, as they think the dollar will lose value over time. As long as people are willing to exchange their goods, services and/or assets for dollars, why not stock up on things your economy will need no matter the usage rate of said commodity?
]]> Fri, 22 May 2009 14:28:23 -0400
President Obama has not claimed he or his administration has all the answers, his energy task force is open to suggestions and comments, but he is committed to an energy policy that will define our sources of energy for the foreseeable future so that we can proceed with our lives knowing how we will obtain our energy sources and plan accordingly.

I think China, Russia and other countries are buying commodities because they want to reduce their dollar holdings, as they think the dollar will lose value over time. As long as people are willing to exchange their goods, services and/or assets for dollars, why not stock up on things your economy will need no matter the usage rate of said commodity?
]]> http://seekingalpha.com/article/134935-inflation-watch-roundup?source=feed#comment-489675 489675
And Ryan Avent is correct: “something unsustainable is building”
Where will it lead, depends on how the other market players, who are investing their money in productive activities, respond.

I think the global economy is in a transition stage, leaving one way of doing business and embracing, new, untried ways of doing business. They are doing so because the old ways are corrupt, and ridden with “serious inefficiencies”.
]]> Tue, 05 May 2009 00:04:15 -0400
And Ryan Avent is correct: “something unsustainable is building”
Where will it lead, depends on how the other market players, who are investing their money in productive activities, respond.

I think the global economy is in a transition stage, leaving one way of doing business and embracing, new, untried ways of doing business. They are doing so because the old ways are corrupt, and ridden with “serious inefficiencies”.
]]>