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justaluckyfool

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  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    OK, businesses and gov do the same thing;anything they can do to increase profits.
    If that were true, may I ask, "who would you rather have all the "profits" (money) ? Businesses, the 1% or Gov, the 99%?
    OMG if you are correct, "Don't End The Fed, Amend The Fed"
    by justaluckyfool (seekingalpha or Google).
    Zero federal income taxes,a gov making a profit (interest on its own money) instead of federal income taxes.
    Read it, Challenge it, improve it.
    Jul 22, 2012. 02:56 PM | 1 Like Like |Link to Comment
  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    That would be relatively "safe" as there is always three possibilities to future price and only a fool would predict otherwise:
    At any future date the price will be either higher, lower, or the same.
    If a fool by chance does predict it correctly, then that fool is just a lucky fool, albeit still a fool.
    Jul 22, 2012. 02:47 PM | Likes Like |Link to Comment
  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    The only way to avoid "a collaspe caused by a credit expansion"
    is to cure the credit; make the credit 100% liquid. As in all bubbles, when they are pricked they burst because they cannot be paid.
    If the bigger fool did not have the cash (liquidity) to make the higher priced purchase, the bubble would not increase. There would also be no rapid expansion on the down side if sellers had 100% equity in their position thereby removing the absolute need to sell and/or panic
    Everyone knows that the funds are there for payment. No margin calls.
    Read: (google-) "Don't End The Fed, Amend the Fed".
    Seeking alpha, "justaluckyfool"
    Jul 22, 2012. 02:41 PM | Likes Like |Link to Comment
  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -- Ludwig von Mises
    Would you agree the only safe haven, "TIP, TIPZ, SCHP"?
    Jul 16, 2012. 09:17 PM | Likes Like |Link to Comment
  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    Wonder what will happen when this "hot money" starts to flow back home as fast as it came in ?
    I believe the ONLY safe haven is "YIP", "TIPZ", "SCHP".
    Jul 16, 2012. 09:11 PM | Likes Like |Link to Comment
  • The Rime Of The Modern Fed Chairman [View article]
    Perhaps,because the rescue plans were for the banks and financial institutions and not for the "general welfare."
    But then again we go back to our circle, "Duty and Responsibility"
    Only in America does that fall on "We The People".
    We (as foolish as it sounds in todays world ) GOVERN this republic by secret ballot. We must go back to basics and use that inalienable right.
    Jun 18, 2012. 04:33 PM | 1 Like Like |Link to Comment
  • The Rime Of The Modern Fed Chairman [View article]
    "Mr Parnell, I appreciate you attend to your readers. Thank you."
    as stated by Asbytec. A thousand fold!
    May I comment about your statement, "..about the Fed and it's magical powers to rule the universe. It's just not so. It relies on other players: investors and congress to name a few. "
    justaluckyfool begs to differ.
    We, the American people are blessed with a form of government
    that is "GOVERNED BY THE PEOPLE".
    If we fail to do that governning properly then it is on us. Not Wall St, Not the 1%, Not our elected officials. The duty and responsibility falls on us.
    Read more:READ:
    http://bit.ly/MlQWNs

    Thanks to Eric Parnell again and again.Please keep on going.
    Jun 18, 2012. 12:49 PM | Likes Like |Link to Comment
  • Some Unlikely Heroes To Guide Us Through The Crisis [View article]
    Winningtrader, great comment on debt and debt creation, but ,
    "..In conclusion I will say that the current crisis is beyond the power of the Central Banks to solve. " leaves us hanging out to dry.
    Shouldn't the conclusion be, "As we the people are the governing agents of our monetary sovereign nation, we must discover where we went wrong and must then fix it."
    Quote "?", "America's greatness is in finding it's flaws, admitting them then in fixing them."
    Justaluckyfool begs, "***** "Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings - that doctrine believe and cling to,and take it as your guide."- Buddha[Gautama Siddharta] (563 - 483 BC), Hindu Prince, founder of Buddhism
    As always I ,a fool, wish to ask a foolish question in hope of receiving a profound answer.
    Is perhaps the greatest flaw of the present monetary system that new currency is created by private banks (Fractional Reserve Banking) and placed into circulation bearing an unbearable burden ("A CROSS OF DEBT") in the form of compound interest (the most powerful force in the universe . quote Einstein) Even a atomic bomb is limited by space and time.)
    READ:
    http://bit.ly/MlQWNs

    Challenge,Improve, use as your own. It is only a compilation of articles read on the internet.
    An idea from Ellen Brown, Steve Keen, and most of all Michael Hudson.Then add in Thomas Jefferson, Ben Franklin , etc.
    Jun 18, 2012. 12:30 PM | Likes Like |Link to Comment
  • Some Unlikely Heroes To Guide Us Through The Crisis [View article]
    First and foremost "We must ask questions"
    Justaluckyfool has a few foolish questions and seeks profound answers, please help.
    Hank Paulson said when asked, "how much money would be lost ( thru this crisis) ? He said," We won't know till we resolve the housing crises."
    Q. Why wasn't the housing crisis resolved ? He must have been correct (just a lucky fool ) because we are still losing trillions.

    Hernando De Soto said "this could be a quadrillion dollar problem."
    We know that deviretives (estimated worldwide $800 trillion), US financial institutions verifed at $300 trillion.
    Q. Why have we not broken this "veil of money", and made transparent this shadowed secret of who the owners are of this incomprehensible sum of currency?
    Q.Why have we not asked, "Total collaspe. Minsky,Keynes,Mises, all got it right." ?
    Q. Why do we believe what is so unbelievable?
    "Past performance will guarantee future success?

    Justaluckyfool would answer, quote Einstein,"We cannot solve our problems with the same thinking we used when we created them".
    Please read (google-"justaluckyfool")
    Challenge and improve,make it your own.
    I await any profound answers:
    Why not amend the Fed so that it could be an agency to help,
    "“... form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.?
    Wasn't this it's mandate?
    Where did we go wrong? and how can we fix it?
    I have foolish answers, question them, improve them.
    Jun 17, 2012. 02:02 PM | 1 Like Like |Link to Comment
  • The Rime Of The Modern Fed Chairman [View article]
    How we not replaced the "Greenspan put" with the "Bernanke put"?
    Justaluckyfool-"Anyone that attempts to predict a future event is a fool, if by chance correctly then they are just a lucky fool, yet still a fool."
    We must discover where we went wrong and fix it.
    "Don't End The Fed, Amend The Fed"
    Jun 17, 2012. 11:20 AM | 1 Like Like |Link to Comment
  • The Rime Of The Modern Fed Chairman [View article]
    Magnificent read.
    SUPER WOW !
    Yet, justaluckyfool must comment that as great as your rendering of what has happened, and really a great job done. Justaluckyfool was disappointed by "Looking ahead, hopefully the Albatross of expectations will eventually fall from the neck of the Fed Chairman. For more than anything, the economy and financial markets require the opportunity to clear and refit before we can finally begin sailing our way toward a new secular bull market."
    WE NEED TO RE INCARNATE THE ALBSTROSE !
    Fix where we went wrong.
    Please read and improve, if you find it to be true and in the interest of mankind:
    3 Articles: (Google..."justaluckyf... or search on SeekingAlpha)
    ."Great News!!Zero Income Taxes Solves Worldwide Economic Crises ...seekingalpha.com/..... ...


    "Total Collaspe ! Minsky,Keynes,MISES, All Got It Right - Seeking Alphaseekingalpha.com/...
    justaluckyfool's Comments on TIP: iShares Barclays TIPS Bond ETF ...seekingalpha.com/us...
    You +1'd this publicly. Undo
    Our money (interest free) transfered into an asset. Read More...."Don't End the Fed, Amend the Fed,Zero Income Taxes" by JUSTALUCKYFOOL Where we went ...
    Even if you wish to challenge, your prose would be deeply appreciated.
    Jun 16, 2012. 01:37 PM | 2 Likes Like |Link to Comment
  • Top 10 European Regional ETFs [View article]
    AM I NUTS, or does every chart show a major DOWNWARD TREND LINE!
    As a justaluckyfool, only a fool would try to predict, but I can say that
    they can not go UP without breaking the downward trend line.
    Control the risk (STOP) and get aboard the ride.
    Why control the risk ? BIG BEN could kill you even if you are 100% right.""MISES, you may not have the ability to wait to be correct (that' justaluckyfool).
    Jun 11, 2012. 09:35 PM | Likes Like |Link to Comment
  • Why NYT Columnist Paul Krugman Is Mostly Right [View article]
    There are a number of comments regarding austerity, and
    unintended consequences of "printing" currency.
    Justaluckyfool asks some foolish questions in hope of getting some profound answers.
    "What if the the Feds where to purchase assets that produce revenue ?"
    I believe almost all would agree that the Feds could purchase an unlimited amount of assets. It would merely be an equal exchange
    on the balance sheet.
    "Would the Feds be able to control the quality and quantity of
    this "newly printed currency" by offering different terms and rates
    to recapture the currency.
    Example;
    Purchase $15 trillion in American Residential Real Estate Loans,
    purchase $45 trillion in Commercial Real Estate Loans. .
    Modify them at new terms and rates. 2% for 36 years for those
    loans the Fed purchase on or before June 30,2013.
    Now for the magic of charging interest on our own money.
    THIS WOULD PRODUCE AN INCOME (REVENUE) OF
    $4.4 trillion per annum for 36 years.Revenue that needs to be redistributed in order to fund the government and actually
    make the loans payable.
    Read "Great News !! Zero Income Taxes Solves Worldwide Economic Crises"

    and maybe answer one more foolish question in hope of getting a profound answer.

    Why not establish beyond a doubt the value of the worlds reserve currency, LEND

    the PIIGS $!1 trillion at 2% for 36 years.Wouldn't that be smarter than GUARANTING private banks our own money
    and letting the private banks charge interest?

    I await your profound responses.


    May 10, 2012. 05:21 PM | Likes Like |Link to Comment
  • Why NYT Columnist Paul Krugman Is Mostly Right [View article]
    As in my one article "Great News !! Zero Income Taxes..."
    as stated on " 60 minutes" (12/11/11)"
    President Obama said,"You can't raise revenues by lowering taxes unless you get the money from somewhere else." ?
    YES, JUST COLLECT INTEREST ON OUR OWN MONEY, INSTEAD OF TAXES !
    The Federal Reserve Bank of AMERICA will be agency for the Federal Reserve Charter and will be mandated to preserve the quantity and quality of the US Dollar and to provide Congress with funding for the general welfare,life,liberty and the pursuit of happiness
    The answer lies in not how the most powerful force in the universe is used ,rather how you redistribute what it creates !
    "The most powerful force in the universe is compound interest" - Albert Einstein
    Great News!!Zero Income Taxes (2013) Solves Worldwide Economic Crises !
    For the solution:"We cannot solve our problems with the same thinking we used when we created them".Albert Einstein
    Perhaps the answer lies in how you redistribute the wealth of a nation; not in how you aquire it.
    May 10, 2012. 10:35 AM | Likes Like |Link to Comment
  • Why NYT Columnist Paul Krugman Is Mostly Right [View article]
    " I'm suggesting a more equitable income distribution so that the median wage earner actually SHARES in the prosperity that is the result of increased labor productivity",Sharehol... reply.

    Could I consider that an indorsement of , "Great News !! Zero Income Taxes..."
    Turn compound interest payments on our own money into revenue
    instead of income taxes !
    How about the added benefit, help save the worlds economies
    at the same time ?
    How simple would it be to create an asset (loans) using the Worlds Reserve Currency and being able to control inflation by charging 2% for 36 years?
    "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -- Ludwig von Mises
    Great News;Zero Income Taxes Solves Worldwide Economic Crises !
    THE MEANS OF AVOIDING THE FINAL COLLAPSE !
    Back the credit with 100% of borrowed dollars,allowing the financial institutions to de-leverage at a cost of 2% for 36 years.Prevent collaspe and at the same time serve a new master-"We The People"
    THE PEOPLE' S CHOICE:
    Total catastrophe
    or
    ZERO Income Taxes.
    When will we show our leaders,
    (as stated on " 60 minutes" (12/11/11)"
    President Obama said,"You can't raise revenues by lowering taxes unless you get the money from somewhere else." ?
    YES, JUST COLLECT INTEREST ON OUR OWN MONEY, INSTEAD OF TAXES !
    The Federal Reserve Bank of AMERICA will be agency for the Federal Reserve Charter and will be mandated to preserve the quantity and quality of the US Dollar and to provide Congress with funding for the general welfare,life,liberty and the pursuit of happiness
    May 10, 2012. 10:16 AM | 1 Like Like |Link to Comment
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56 Comments
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