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  • The Rime Of The Modern Fed Chairman [View article]
    Magnificent read.
    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."
    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 ...

    "Total Collaspe ! Minsky,Keynes,MISES, All Got It Right - Seeking
    justaluckyfool's Comments on TIP: iShares Barclays TIPS Bond ETF
    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 01:37 PM | 2 Likes Like |Link to Comment
  • FOMC Decision: A Game Changer for Stocks, Bonds and Precious Metals [View article]
    I am not an economist,just a retired real estate broker.I call myself justaluckyfool because anyone who attemps to predict the future is a fool,if correct;justaluckyfool... it is in our nature to try.
    The Feds have in fact set in motion what may be "The Worlds Largest Ponze Scheme" . By giving banks practically free money to puchase equties and by sheer force ,allowing no safe place to save money, they are inflating the balloon.
    Bernanke is no fool,and I am hoping he is to be "justaluckyfool"
    for he may realize that he has started the clock,bought time
    to solve the real problem at he knows that it is not the phycological
    baramerter called the DOW.
    He has recently proven that trillions can be put into play without the risk of inflation;e.g.,TARP and TALP were for over $8 trillion!
    (as reported to Sen. Sanders..."A Jaw Dropper at the Federal Reserve)He discovered that giving the money to banks did not work becausethey did not use the money properly,(Can you believ that?)They kept it to make profits instead of loans to create jobs
    and goods that would off set the increase in money supply.
    To quote just about anyone that is truly aware of the state of this economy,"We must fix the housing market before we know how much we have lost and we must create jobs at the same time
    to recapture those loses and to justify our money supply without inflation.
    I hope and pray Dr "Helicopter" Bernanke will save this economy.

    QE3 to create 10 million jobs,reduce national debt to zero,
    Yes,all of that and more.HE CAN DO IT.
    1.MAKE- THE FEDERAL RESERVE BANK in reality what people are led to believe it is! A bank of the people ,for the people and by the people.
    2.Turn Freddie Mac and Fannie Mae into LOAN SERVICE corporations.
    3.Fund ..THE US FEDERAL RESERVE BANK with $10 trillion.
    Make direct loans for residential real estate to all taxpayers for
    95% of value for 36 years @4%.This allows 2% to double the taxpayers money,and 2% for Freddie and Fannie to service,and keep the loans at 100% value to market.Make the comercial loans @5%.
    As Einstein said,"Keep it simple"
    The US Treas would gain more than $10 Trillion every 36 years
    and AMERICA will return to economic power.
    The goverment will have the means (read Money) to promote the gereral welfare.
    The banks have proven beyond a reasonable doubt that their greed has disqualified them from this job.
    Aug 10 08:43 AM | 2 Likes Like |Link to Comment
  • 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 02:56 PM | 1 Like 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 04:33 PM | 1 Like 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 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 11:20 AM | 1 Like 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 !
    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"
    Total catastrophe
    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." ?
    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 10:16 AM | 1 Like Like |Link to Comment
  • Investing In European Banks: Low Valuations Vs. Capital Requirements [View article]
    ".... The Mathematics of Compound Interest
    A syndicate of less than one hundred American capitalists, if allowed to collect interest on their capital at a low rate and re-invest for 150 years or less, would at the end of that time own the earth and all real and personal property thereon. This is a simple mathematical proposition, capable of exact demonstration, and any one who doubts the truth of this statement may set all doubts at rest by computing compound interest on one and one-half billions of dollars for one hundred and fifty years, at five per cent per annum." Michael Hudson
    What more would banks (financial institution) want than being able to create currency and mutiple it which would then allow them to achieve their ultimate goal in less time-OWN ALL THE CURRENCY!
    Mar 3 04:17 PM | 1 Like Like |Link to Comment
  • Why The Housing Plan And QE3 Will Fail [View article]
    We cannot solve our problems with the same thinking we used when we created them.
    Albert Einstein

    Two must read articles.

    "Hernando de Soto says this credit crisis is all about (a lack of) paper"

    By Justin Fox | March 25, 2009 |
    I'm not sure that I entirely understand all the points Hernando de Soto makes in his op-ed piece in the WSJ today, but this one sure is intriguing:
    If you think about it, everything of value we own travels on property paper. At the beginning of the decade there was about $100 trillion worth of property paper representing tangible goods such as land, buildings, and patents world-wide, and some $170 trillion representing ownership over such semiliquid assets as mortgages, stocks and bonds. Since then, however, aggressive financiers have manufactured what the Bank for International Settlements estimates to be $1 quadrillion worth of new derivatives (mortgage-backed securities, collateralized debt obligations, and credit default swaps) that have flooded the market.
    These derivatives are the root of the credit crunch. Why? Unlike all other property paper, derivatives are not required by law to be recorded, continually tracked and tied to the assets they represent. Nobody knows precisely how many there are, where they are, and who is finally accountable for them. Thus, there is widespread fear that potential borrowers and recipients of capital with too many nonperforming derivatives will be unable to repay their loans. As trust in property paper breaks down it sets off a chain reaction, paralyzing credit and investment, which shrinks transactions and leads to a catastrophic drop in employment and in the value of everyone's property.Read more:

    The Debtwatch Manifestoby Steve Keen on January 3rd, 2012 at 8:40 am
    Posted In: Debtwatch
    Click here for this post in PDF
    The fundamental cause of the economic and financial crisis that began in late 2007 was lending by the finance sector that primarily financed speculation rather than investment. The private debt bubble this caused is unprecedented, probably in human history and certainly in the last century .... Its unwinding now is the primary cause of the sustained slump in economic growth. The recent growth in sovereign debt is a symptom of this underlying crisis, not the cause, and the current political obsession with reducing sovereign debt will exacerbate the root problem of private sector deleveraging.
    Read More.....
    by Steve Keen on January 3rd, 2012 at 8:40 am
    Posted In: Debtwatch
    "Don't End The Fed, Amend the Fed;Bonus,ZERO Income Taxes"
    When will economist “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
    WHEN,when will we the people take away from others the right to “print” our own currency. WHEN will we stop the stupid practice of paying interest on our own money.When will will wake up and realize that “There is a fair Income Tax,period; only zero is fair. When will we show our leaders, as 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.”
    End this nightmare,lend them $235 trillion as reported by OCC ( them 2% interest, we the people will earn revenue of $235 trillion over the next 36 years.
    WITH A SIMPLE ENTRY. Credit the banks $235 trillion ,creating a $235 asset for the US Treasury.

    READ THE FULL SOLUTION, "Economic Solution 2012. Zero Income Taxes" at
    Feb 17 04:05 PM | 1 Like Like |Link to Comment
  • Recessionary Forecast: Prisoners Of Housing [View article]
    "...this housing issue is going to haunt us for many years to come and many, many people are just waking up to the fact that the housing decline also applies to them not just people in news articles. "
    This doesn't have to be.It can be fixed,prices stabilized and a million new jobs.
    All we need is ONE true American Hero and it "could" be Bernanke.
    Bernanke is academia and may seek the Noble Prize with a bold move.A move that will help his masters yet at the same time restore the housing market and the building industry for the people.
    THE FIX :
    ALL.The good and the bad.Private financial institutions will only be allowed to make or keep residential loans at 100% reserve.
    2.Modify all loans at 1% for 36 years with an assumable mortgage.
    STOP the stupid practice of guarantor for the lenders to make money on our money.
    This will allow those who wish to remain in their home to stay by making the first three payments in advance.The low assumable mortgage will allow for the value of the home over time to become greater that it's present mortgage value.As rates go up,the mortgage value goes up that plus any appreciation in the home value makes this a win-win.
    OMG! What about the taxpayers ?
    A WIN-WIN !!!
    Yes,if for example $10 Trillion is needed it would produce a return
    of $15 Trillion over the 36 years.That is a $5 Trillion income (revenue) to the US Treasury.
    3.Bring back more than 1 million jobs.Make new housing loans
    @1% for 36 years with an assumable mortgage.
    It is just a transfer of assets.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 wrong.
    "The banks -- commercial banks and the Federal Reserve -- create all the money of this nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. "Jerry Voorhis (five terms US House)
    “All the perplexities, confusion and distress in America arises not from deficits in the Constitution or Confederation , nor from want of honor and virtue, so much as downright ignorance of the nature of coin, credit, and circulation, “wrote Adams in the very early 19th century America.”

    Yes, that’s so well put;– “ignorance of coin, credit, and circulation;” that goes for a good many authorities some 200 years or more since Adams was in the White House.
    Even more pointedly, Adams charged that “Banks have done more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.”
    Jan 31 02:39 PM | 1 Like Like |Link to Comment
  • Is Greenspan Sealing The Market's Fate? [View article]
    When will we learn:
    "Anyone that attempts to predict a future price is a FOOL.
    If by chance, correctly then they are just a lucky fool; however, still a FOOL."
    What does it matter if first, second or third ?
    Mar 17 02:26 PM | Likes Like |Link to Comment
  • Investing In European Banks: Low Valuations Vs. Capital Requirements [View article]
    " Deutsche Bank is levered 60:1 on a TCE/assets basis, and that its Basel “risk-weighted” assets are only $450 billion, but actual balance sheet assets are $3 Trillion?"

    * In other words, due to the Basel standards, which count sovereign and other AAA assets as risk free, Deutsche Bank has $2.5 trillion of assets with zero capital backing."
    That is ONE private for profit bank (PFPB). Are 1,000 PFPB this size in the world ? Perhaps the total would be $2.5 QUADRILLION. This brings to mind,
    "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 .
    But one fool says, perhaps a solution; "What if ...The Central Bank
    of each sovereignty were to mandate 100% capitalization (full liquidity) at the same time to prevent massive default ('systemic failure') make available by loans at 2% for 36 years in whatever amounts needed ?
    As Frederick Soddy said, "End 'Fictitious Lending' "(The Role Of Money" 1926,1933).
    read more:
    Jan 26 10:13 AM | Likes Like |Link to Comment
  • The Fed Leverages Up [View article]
    If only the Fed were to act "for the people" instead of for PFPB.
    OMG - A people owned hedge fund. The Fed could purchase
    $100 trillion of assets, residential and commercial real estate notes.
    Modify them as assumable with a 2% rate for 36 years.
    This would produce a "tax income " (revenue stream of $5.5 trillion per year for 36 years.
    "To lower taxes, you need to raise revenues from somewhere else"
    Why not use the "silver bullet" designed by Ben Bernanke to :
    lower income taxes to zero, raise revenues to $5.5 trillion a year?
    Why do you not want prosperity for yourselves and your children?
    (GOOGLE-"Justaluckyfool' -"QE 4 the people",- "QE 4 JOBS")
    Read more:
    Dec 18 11:15 AM | Likes Like |Link to Comment
  • The Fed Leverages Up [View article]
    " The purpose is to make the market healthier,"
    The purpose of the purchase of MBSs is purely only to help the Private For Profit Banks get out of a negative position while at the same time stabilizing the market value of their "toxic" issue.
    IF Ben Bernanke (The Feds) wanted to stabilize the housing sector, create jobs, bettering of the economy, "Ben Bernanke should receive the Noble Prize in Economics.
    Ben Bernanke has proven MMT.
    A Monetary Sovereignty can not run out of money for purchases of assets.
    Solid proof; QE 4-for as long as need and in what amount desired!!
    BUT justaluckyfool asks,
    " WHY NOT do it for the people ? Stop doing it solely to benefit the "Private For Profit Banks" (PFPB).
    Justa example: Purchase all residential real estate loans and modify them at 2% for 36 years. This would allow for stabilization of the housing and construction sectors, increase jobs and the bettering of all citizens. And at the same time raise revenue, lower taxes, and fund "for the general welfare. A simple solution; if $100 trillion is needed ,what happens ?All that it does is take away from the PFPB a revenue(profit) of $5.5 trillion a year and turns into an income for the US Treasury.
    But , who is man enough to "free the servitude of the people" as it is the right of the people as stated in the 13th amendment.
    My God continue to bless America.
    May Ben Bernanke see this moment in history, and surely President Obama could place himself next to Lincoln in history. As Lincoln freed the slaves, Obama can free all the people from servitude.
    13th amendment.
    "Section 1. Neither slavery nor involuntary servitude, ... shall exist within the United States, or any place subject to their jurisdiction."
    Dec 18 11:00 AM | Likes Like |Link to Comment
  • The Fed Should Stimulate Lending [View article]
    "To puchase a $1 million in stock (100,000 shares at $10 each) they would only take $1 million out of your account. Then when you sell the 100,000 shares at $10 each they would deposit $1 million in your account."

    Awesome! 2 trades through Ameritrade cost me less than $20."
    ****Justaluckyfool wishes to thank you for proving,"It is mot a zero sum game, yes,there is a COST.
    You mention, "what the underlying is worth"
    And what is the worth of the "$13.083 trillion bank assets?
    Would you believe it to be so "marked to market" " I guess you do, but then I would ask, "Where is your head ?"
    Jason C believes "MBS" is 100%.
    Damn, he should make a trilliondefending against foreclosures
    because their loans are still at 100% value and banks should not be allowed to sell their property to get back 50% of the value of the 100% notes.
    Aug 28 01:20 PM | Likes Like |Link to Comment