Easy E

4 Comments

    • ON: Sat Feb 2nd 12:03 PM
      Commented on:
      The U.S. Economy: Remembering the Past Could Help Fix the Future
      The credit card companies are not forcing anyone to take on debt. I don't make much money and I have no debt. It is a personal choice that everyone has to make. You cannot blame a system that is voluntary to participate in. The blame lies with the volunteers. And if you don't like CEO's making hundreds of millions then don't invest in their companies, don't buy their products, don't work for them. Capitalism is a system of choice and consequence, if you make the wrong choices you must suffer the consequences. Today, plenty of Americans have made terrible choices and they must suffer the consequences. It is from the consequences that they will learn. If you try to remove the consequences then you just create more bad choices. The only other alternative is to have no choice, and that system would involve even more suffering.
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    • ON: Mon Jan 21st 00:29 AM
      Commented on:
      The Dow Hates Bush?
      If you factor in the capital gains tax required to be paid in order to realize those gains... the Dow sucks even more.
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    • ON: Sun Jan 20th 13:45 PM
      Commented on:
      Inflationists vs. Deflationists: Who's Right?
      What happens when when foreigners shun dollars? Won't those dollars come home to roost? And hasn't the Fed made it it's mission to not allow deflation.

      Defaults don't cause the evaporation of money, just debt. That money was paid to someone, most likely the previous home owner. The effect is banks becoming insolvent with depositors being paid from FDIC insurance. So deposited money won't disappear and neither will the borrowed money. The end result is that borrowed money being monetized into the private sector just like our government is doing publicly. I don't believe deflation is possible under these circumstances, hyper-inflation is my bet.

      The only way I see deflation happening would be for borrowers to pay off loans, that's the only way money will disappear. And we all know the US Government won't be participating in that.
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    • ON: Wed Jun 20th 00:50 AM
      Commented on:
      Western Central Banks Dump Gold: What's Their Long Term Plan?
      I thought about it and I think I may have an answer.

      If banks become insolvent then the people lose all faith in them. Perhaps the sale of gold is a move to avoid insolvency. In the coming debt collapse billions in loans will not be repaid, devastating the balance sheets of the banks. If, however, they have converted a significant portion of gold assets into cash to cover the defaulted loans, they could avoid a run on the banks. People will continue to have faith and the banks will maintain their strangle hold on the people of the world only to buy back the gold when the price collapses and continue the cycle all over again. It's just a theory, and personally I'm not sure that it would work.
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