blueice

blueice
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  • Something Is Still Ridiculously Wrong  [View article]
    Professor Wray, another lost soul whom does not tolerate dissenting
    posts..

    Each and every post made must be approved by him personally..

    The main tenets of MMT have been repudiated..

    Councilor, you have a very frail and poor understanding what
    MMT stands for; both in principal and it's functionality.
    Sep 1, 2015. 09:40 PM | 1 Like Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    "Which ones owed their own currency?" et al

    "Of those, which CHOSE to default rather than kill their currency?"

    A sovereign on the brink of bankruptcy all ready has a dead
    currency..No need for a double homicide.

    " MMT's claim is about being forced to default, period." On according to
    Mr Molser, one of the current deans of MMT..I quote him in one of my
    post, Mr Kramer.

    Hear is his quote "" A government borrowing in it's own currency need never default on it's debts;"

    "MMT worries about hyperinflation." Then they are too preoccupied
    with rare events.
    Sep 1, 2015. 09:26 PM | 2 Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Seatle, they were just waiting for and event and a excuse..

    They never has plans to raise the federal fund rates..
    Sep 1, 2015. 09:08 PM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Mr Myrtle, why not.

    $100,ooo in a passbook saving account earning 5%, would
    certainly pay for a week or more of a holiday.
    Sep 1, 2015. 09:04 PM | 2 Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts?  [View article]
    @blueice - do you mean moot? Sorry, I can not answer because
    I am hedging my posts..

    I am gladd you did reply, however..GL, with your crude stocks..

    IMHO, investing in goo is premature..
    Sep 1, 2015. 04:18 PM | 1 Like Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts?  [View article]
    Mr Martin, a stellar observation, indeed.

    I think the response will be mute.

    http://seekingalpha.co...
    Sep 1, 2015. 02:33 PM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    I could go on, since I have only reached page 33, but Mr Kramer I am
    afraid we would only bore the average reader.
    Sep 1, 2015. 02:21 PM | 1 Like Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Mr Kramer, you could have axe a question rather than being so
    dismissive..

    The followed several MMT websites..One is now defunct, Mr Mosler's site
    and Mr Roche..

    Mr Roche, now has disowned MMT..I also purchased and read Mr Mosler's
    book, The 7 Deadly Innocent Frauds of Economic Policy..I finish reading
    it on 12.2.12, which led me to the conclusion that much of the theory
    was sheer poppycock.

    " A government borrowing in it's own currency need never default on
    it's debts;"

    Since 1999, there have been seven nations which have defaulted.

    "Nor is the public debt a burden on the future." Then why do national
    governments go bankrupt?

    Mr Mosler, one of the Deens
    Sep 1, 2015. 01:50 PM | 3 Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    " curtail current production and consumption by taxing away current purchasing power."

    I assume you are describing MM Theory? Which I reject as complete
    non-sense..
    Sep 1, 2015. 11:52 AM | 2 Likes Like |Link to Comment
  • Microsoft: Windows 10 And Edge Browser Are Very Advertiser-Friendly  [View article]
    7, was my last payment to Mr MicroGates.

    I do not consider him or his company to be in the best interest
    of the consumer..

    For better or worse, I am heading off to Linux Land.
    Sep 1, 2015. 10:54 AM | 2 Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Mr Anderson, please peruse the following:

    http://bit.ly/1huNvcw
    Sep 1, 2015. 10:22 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Mr Kramer, they been rolling over debt since 1832.

    Let's simplify this argument..Is America better off with little or no debt
    (liability) or debt approaching 100% of GNP?

    Please, a yeah or nay.
    Sep 1, 2015. 10:15 AM | 2 Likes Like |Link to Comment
  • Oil: Shale Production Breakeven And Marginal Costs, Moving The Goalposts?  [View article]
    E4, to the great Mr Alekhine. I am using, with or without anyone's
    permission, the word because it is being abandonment by English speaking
    people.

    Just like E4 is being abandoned for D4, your excellency.

    Both whom and E4 will soon find themselves "home" less and
    require some form of government aid.


    Sep 1, 2015. 09:53 AM | Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Mr Kramer states: "Which is precisely the point. Those obligations (not to mention the unmeasurable non-discretionary items like defense) are the true measure of the next generation's exposure. The nominal debt is peanuts. Yet it's all you can talk about."

    This is not necessarily the case, Mr Kramer..The current debt is an obligation, whereas, unfunded obligations can and most certainly will be migrated.

    "A country is not a company." Very true, however, their balance are the
    same..Whether the former or the latter, a borrower will axe, are you credit worthy or not.

    Today, we are spending over $400 billion for interest debt or about
    $133.oo per American..If we had nominal interest rates, that would
    double.

    "It's a non-for-profit club whose principal asset is the satisfaction of its members."

    May be we would be better off if Costco ran the federal government?
    Sep 1, 2015. 08:26 AM | 2 Likes Like |Link to Comment
  • Something Is Still Ridiculously Wrong  [View article]
    Zap, empirically speaking, the greater the debt the less the
    borrowing power.
    Sep 1, 2015. 08:13 AM | Likes Like |Link to Comment
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