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jhooper

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  • U.S. Economy: Why The Looming Fiscal Cliff Matters [View article]
    Deficits that allow people to be more productive are good. Deficits that are incurred that pay people not to be productive via political plundering and looting are bad.
    May 20, 2012. 08:01 AM | 29 Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    "you rape and run crowd would have pumped the US dry at $15 oil. "

    Again, this ignores economics. It has been shown over and over that when people have property rights in resources, the resources are managed far more frugally. Whenever resources are not owned or owned by the gov, the resources are squandered. Whaling and logging on gov land are examples. Whales weren't owned, thus you had whale communism. As such, it was get all you can before the other guy gets them before you. Wheatfields are owned. Do you have the same problem with wheatfields? We did during the 20s when the Fed gov was subsidizing farmers to make up for the losses they experienced when WWI came to an end. The result was the dust bowl. China had gov regulated farms and millions starved. N Korea also has a gov economic system. So let's see how they are doing.

    http://bit.ly/1j9iWsU
    Jul 7, 2014. 03:57 PM | 25 Likes Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    The real threat will be when the full effects of Dodd Frank, Obamacare, and tax increases can be evaluated and felt. Dodd Frank, Obamacare, and tax increases should have the same affect as a FF increases or the Fed shrinking its balance sheet by whatever the additional costs these regulatory and expropriatory taxes have on money in circulation. They will have the same affect on equity prices that raising margin requirements on silver had on the price of silver not long ago.

    Here's a thought. Romney wins the election, but can't do anything about these money cancelling policies in time, and you get a recession in the 2nd qtr of his Presidency. Boy the NPRbots would really be frothing at the mouth then.
    May 4, 2012. 08:23 AM | 21 Likes Like |Link to Comment
  • How Congress Could Fix Its Budget Woes, Permanently [View article]
    This is known as the "ridicule" argument. Its number 5 in rules for radicals. Its basically the other side wants to kill old people, starve children, and step on baby chicks. Oscar Ewing did the same thing with flouridation. He labled opponents as "kooks" standing in the way of enlightenment and science. He then went back to being counsel for ALCOA who made a pile providing the sodium fluoride. The same argument was used in the days of church and state, when the state advocated for the king and the king made everyone pay a tithe.

    The "ridicule" argument is really a fraud designed to paint the leveler as a saint and everyone else as a demon, so the leveler can then engage in wealth transfer and not have anyone notice because everyone is attempting to defend themselves against the "baby chicken killer" accusation.
    Feb 13, 2013. 05:24 PM | 18 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
    " technology that would not exist (most likely)"

    No. This is specious reasoning. The alternative is the technology would have developed even faster and more cost effectively had not gov controlled it for so long.

    The individual is not almighty, but the individual does function under the laws of nature. This is true whether in a group or not. In a group, it depends on what the group formed to do. Individuals banned together in groups so they could trade. Individuals would not ban together in a group so they could all steal from each other. Individuals flee such groups, which is why you have refugees fleeing various groups around the world (typically socialist and communist groups).

    The reason we are dualistic is because we have a survival instinct. We will either produce or steal to survive, it dust depends on which one costs less. Stealing requires fraud. The fraud is something along the lines of, "if you join our group, we will take care of you, just give us complete power over you". Then the newcomer that fell for the fraud realizes, that once the others have power over them, they no longer have any reason to fulfill their promise of care taking.

    A group cannot share their way to prosperity. They must produce their way to prosperity. To go even further and mandate sharing, eliminates the "sharing" and institutes legalized plunder. Under such a system, people with the force to compell the share, suddenly find it very cheap to steal (which is why a thief uses a gun). Once there is legalize plunder, the incentive to produce is eliminated, production falls, and austerity follows. Coerced "sharing" aka legal plunder under the fraud of a group taking care of one another is the fount of austerity. A group that comes together to protect the individual, and thus maximize productivity for trade is the fount of an ever increasing standard of living for everyone.

    The coerced society, regardless of the goals for "sharing" or "taking care of one another" as the means to create the highest possible standard of living is a natural impossibility. Such attempts only setup the economics for a ruling elite that is hated by a mass of people that all hate one another.

    This is why you see not true socialist economies in the world. They can't survive because they can't produce. To the extent European countries have wealth is to the extent they protect the individual in the individual's quest for productivity for survival. To the extent they have austerity, is the extent to which the individual is violated by the group in the name of the common good. It can be no other way. Its just the laws of nature.
    Nov 7, 2012. 02:45 PM | 18 Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    I see gold as a baramoter indicating whether or not a gov is in wealth transference mode. When gold is up, gov is in its stealing mode. When gold is down, gov has been limited to its only logical role of protecting property. When gov is in the later mode, the economy is prospering, and there is no need to worry, thus no need to own gold.

    You can also tell when a gov is in stealing mode, by articles like this one. The bad gov baramoter is sounding like a glaxon, and articles like this are designed to try and get you not to pay attention. The main tactic, which is typically the main tactic for all frauds, is the insult tactic.

    You see this all over SA. It goes something like this:

    Commenter: I don't think I should be taxed to pay a healthy, capable person not to work.

    Responder: You are just a low brow, 19th century troglodite. I guess you just want old people in snow banks, children starving, and baby chicks dying.

    The more you see articles like this or responses like the one above, you should realize that you are onto exposing the stealing and the thieves want to shut you up. The angrier they get, the closer to the truth you are.
    Nov 9, 2012. 03:07 PM | 17 Likes Like |Link to Comment
  • Why The U.S. Is Europe: Central Bank Deficit Funding Thinly Veiled [View article]
    "Looking at another 6 to 10 years?"

    That's the question.

    Its like telling someone that jumping off a 10 story building is a bad idea, and their reply to you is that a bunch of phds have studied the issue and their conclusion is that you will have a very exilerating experience. As such, this person tells you that since you are not an "expert" because you don't have a phd, then you shouldn't be listened to.

    So the person jumps off the building, and for 9 floors they note how right the "experts" were. Its the last floor that they realize too late there was something the "experts" missed.

    Here we have a similar situation. The Fed can keep doing what it is doing as long as:

    there are no other viable alternatives to US notes.

    This would require another country or group of countries to adopt a free market system where capital is protected instead of looted, and gov policy is dedicated to that goal alone. Not likely to happen. Tyranny is very good for the tyrants.

    So as long as everyone esle is dumber than we are, then the Fed can keep this up. However, this doesn't mean the US will get wealthier while the other nations become poorer. It just means we will all jump off the 10 story building, its just that everyone else gets to the 1st floor before we do. How long this takes is really a function of how much faster the govs of the various nations of the world destroy wealth faster than the populace can be create it. And, no amount of rhetoric about how the central bank functions will change the laws of physics.

    There is typically a breaking point though. People eventually wake up, but by then the only alternative is violent revolt. This is why you separate gov from religion and the economy. The final market correction for gov mistakes in these areas is bloodshed.

    Appreciate and enjoy your children while you can. I imagine at some point your gov will be sending them back to you in a box.
    Sep 29, 2012. 08:44 AM | 17 Likes Like |Link to Comment
  • Why Germany's Economic Fortress Could Come Toppling Down [View article]
    Talk about your superficial misunderstandings. Why doesn't Cuba or N. Korea go on a massive borrowing and spending spree that will make them the economic power house of the world? Because no one will lend them any money. Why? Becuase they couldn't earn enough to pay it back. Its not about spending, its about producing. We still have some economic might here because we haven't regulated everything that moves (though we are trying) like Cuba or N. Korea. Our public debt is getting bigger not smaller, thus it is depressing private spending becuase every dime in public spending must come from private sources. If we could use our productivity to invest in more productivity we would be out of this mess by now. Instead we pay people not to work, we refuse to develop our natural resources, and we insist on continuing our march into mediocrity like the rest of the world.

    Keynes has lied to you.
    Feb 25, 2011. 01:19 PM | 17 Likes Like |Link to Comment
  • Volume Indicates This Isn't A Healthy Market [View article]
    We didn't have free markets in the dark ages. We had force and fraud markets imposed by nobles and warlords. The ruling class used force to manipulate pricing in markets that resulted in wealth being transferred from the general populace to themselves. Just like we have today. This was the whole point of the American experiment, to turn the past on its head and have gov protect markets from force and fraud instead of having gov impose force and fraud into the markets. That experiment has been dead since about 1900. The failures since then can be all be laid squarely at the feet of the interventionists.

    Again, where are the promises of the interventionists being fulfilled? Europe - where they are imposing austerity? N. Korea where the concentration camps are the ultimate end of gov imposed austerity via intervention in markets?

    Intervention to control an economy can only happen by controlling people. Controlling people is tyranny, regardless of the intention. Tyranny will always lead to austerity for the general populace, while an elite few grow richer. Again, just like we are seeing today as the markets grow more into force and fraud markets imposed by tyrants wielding gov's monopoly of force.
    Jan 8, 2012. 11:55 AM | 16 Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    "that we should just let corporations destroy the environment in pursuit of profits"

    This assumes there is enough profit to affect such an outcome. The doom and gloomers are always proven wrong because of economics. Its like saying, "water puts out fires, so water will put out the sun". Then someone asks, "How much water would that take, how much water do you have, how are you going to get it to the sun, how much will that cost you, and do you actually have the wealth to accomplish that?"
    Jul 7, 2014. 03:33 PM | 15 Likes Like |Link to Comment
  • How Obamacare Could Harm Growth In 2014, Part III [View article]
    "I have yet to meet a restaurant owner who gave employees more money and benefits than he/she absolutely had to."

    So does that mean you eat out every day, 3 times a day, and leave a $50 tip each time?
    Mar 19, 2013. 02:07 PM | 15 Likes Like |Link to Comment
  • The Supreme Court healthcare opinion: The individual mandate survives as a tax. You can read the full opinion here.  [View news story]
    You can kiss your healthcare good bye. In 2 to 3 years employers will start dumping their employees onto the national exchanges, and you and I will find ourselves in a DMVish type line trying to figure out why we have been deleted from the system but still keep getting charged for premiums that we can never make claims on.
    Jun 28, 2012. 10:22 AM | 15 Likes Like |Link to Comment
  • Volume Indicates This Isn't A Healthy Market [View article]
    You could then also argue that we would not be facing an impending depression if the interventionists had not been subsidizing so many things (especially real estate), thus inflating their prices without regards to productivity. In fact, the very argument of the interventionists is that once they had control, we would never need to face a down cycle again. Well they had control, and now we are faced with a major down cycle. They refuse to admit their failure, and tell us to thank our lucky stars that the rapist is also an abortionist.

    This is just like the price controls of the Soviets on the agriculture industry after 1917. Production fell below levels of those even under the Czars, but of course the Soviets promised plenty for everyone for forever. So how did the Soviets cover up the collapse, well it wasn't their fault, it was just a bad season. Interestingly enough, they had bad seasons for the next 70 years.

    Markets that are free of force and fraud may have periods of austerity, but those periods don't last. People will learn from the mistakes, and the market will revive and be even more efficient. When tyrants use gov imposes force and fraud into markets via intervention supported by gov guns and jail, the eventual austerity will be permanent until the inevtiable collapse of whatever unions that exist.
    Jan 8, 2012. 11:19 AM | 15 Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    "REALLY REALLY believe "

    Because they can REALLY REALLY be wrong about what those best interests are because they are REALLY REALLY human.

    or

    Because once they REALLY REALLY have control over you, any incentive they had to act in your best interest REALLY REALLY just went out the window.

    so

    When they REALLY REALLY start to act in their own best interest because they REALLY REALLY no longer have any incentive to act in your best interest you will REALLY REALLY get screwed.

    Voltaire said once you REALLY REALLY convince people of absuridities you can REALLY REALLY commit all sorts of atrocities against them.
    Apr 6, 2013. 08:58 PM | 14 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
    Ford

    You ever notice how those that preach redistribution, never start with their own? If you can't even get the people who claim they believe in it, to practice it, why should anyone else practice it?
    Nov 7, 2012. 05:17 PM | 14 Likes Like |Link to Comment
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