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WMARKW

WMARKW
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  • The Dollar, The Fed And The Market [View article]
    Why not eliminate government issued debt and just finance government by really printing the $. That will (possibly) spread the cost of government out to all holders of $ (including foreign holders). Those with the most holdings are taxed (maybe) in proportion to what they hold. Those with the least are taxed less. Of course, there could be a discussion about what happens in such a case where there is an excess of supply in just about everything we buy.
    Oct 17 05:36 PM | Likes Like |Link to Comment
  • The Dollar, The Fed And The Market [View article]
    We had frequent and nasty depressions under the gold standard because...you can't finance a war on the gold standard. Problems with the gold standard were because no one could live under it's constraints and conduct "foreign" policy.
    Oct 17 05:33 PM | 1 Like Like |Link to Comment
  • The Dollar, The Fed And The Market [View article]
    PM - A higher gasoline tax is contractionary. Why do you want it? Why lift restriction on exports? What's the benefit? Why not force that into domestic consumption and eliminate imports (which reduce GDP).
    Oct 17 05:30 PM | Likes Like |Link to Comment
  • Market Timing Report: 10-20% Correction Due To Extreme Sentiment And Leverage [View article]
    Money spent on necessities doesn't make an economy grow. Just makes P&G, JNG and MCD richer. That's why you could print money to pay SS benefits and never create inflation.
    Oct 17 12:22 AM | Likes Like |Link to Comment
  • Market Timing Report: 10-20% Correction Due To Extreme Sentiment And Leverage [View article]
    "What if they had taken the trillion bucks and wrote all the folks a check?"

    The outcome would have been fairly meaningless. At about $3,000 per person those $ would have been spent to buy insignificant things, pay off debt, take a small vacation, etc. In an economy where we have excess supply and people "getting by" the effect would have been hardly noticeable. We had something similar when we had the 2% payroll tax holiday...hardly a blip on the radar.

    They should have had a 100% payroll tax holiday then and now as well. No corporate taxes either.
    Oct 16 05:46 PM | Likes Like |Link to Comment
  • Initial Jobless Claims [View news story]
    And the consequence of raising minimum wages = fewer employed.
    Oct 16 09:29 AM | 2 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    China is buying all metals as an effort to become self sufficient.
    Oct 8 03:34 AM | Likes Like |Link to Comment
  • Tarnished Gold [View article]
    There is no such thing as debt being "paid." How can you ever "pay" debt when you run deficits in perpetuity. Yes, it will all be rolled over. Let's see.... how do you roll over $2 Trillion of debt each year and issue another 0.5 to 1.0 Trillion. When the coupon rate is zero or negative?
    Oct 6 07:43 PM | Likes Like |Link to Comment
  • Market Timing Report: 10-20% Correction Due To Extreme Sentiment And Leverage [View article]
    Or wins you the exact same amount as the %age of Deflation.
    Oct 6 07:32 PM | 1 Like Like |Link to Comment
  • Tarnished Gold [View article]
    Go back to non-existing? How do you figure that. The treasuries that were floated were responsible for real dollar proceeds that were used to fund government deficits....spent, never to be repaid.
    Oct 4 10:24 PM | Likes Like |Link to Comment
  • Can Your Gold Be Confiscated? [View article]
    I have a hard time imagining the confiscation of jewelry?

    I think diamonds are a good alternative as well to gold.
    Oct 2 06:21 PM | Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    And, CB's can essentially acquire real gold with fake money. What a deal. That would be like me floating a bond issue, buying gold and then defaulting on the bonds, while keeping the gold. Ha, Ha.....what a deal.
    Oct 2 06:15 PM | 2 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    Especially when they (the trolls) want to first post on an article about gold. I don't get it. What are the odds a first time SA commenter would find and focus a negative comment on a gold article? Don't they have other interests in the "market" that would be more common for a first time commenter? Always sends a red flag to me. Especially when all they do is name call or throw out something like, "gold is not an investment, it pays no dividends".
    Oct 2 06:11 PM | 4 Likes Like |Link to Comment
  • The Paradigm Is Shifting; Fossil Fuels Are Becoming Fossils [View article]
    My good conscience allows me to participate in fossil fuel because they are an absolute necessity. I have no idea how long it will take for sustainables to garner a tipping point proportion of total energy solution. I would gladly own an affordable electric car, but too many issues with range, recharging, batteries, etc. I would gladly do solar on my house, but too pricy and too many issues with batteries or even with grid tie (for example power companies trying to actually charge you for connecting to their grid). Local governments precluded small wind turbines. Cost of public transportation infrastructure is an absolute joke with less than high density population. etc, etc, etc.
    Oct 1 05:21 PM | 8 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    For those interested, there is an annual report published by the "Trustees" of the SS (OASDI) fund. This report has several informative items in it that I review periodically, specifically the time at which the fund ceases to be able to pay all benefits from existing "invested" surpluses - which I think is 2033 now. After that, the report in the past has stated that the fund will be able to pay 75% of required expenses.

    http://1.usa.gov/xfUsVA

    I concur with previous comment that SS funds are mal-invested, and that the FED has done the SS Trust Fund no favors with it's ZIRP policy. However, the reality is that the government considers the SS income and expenses as simple budget items. And, since we run deficits on everything, there is no reason to expect that there will be any "fuss" about paying out benefits by simply running deficits (printing money).

    Actually, on a total other note, in my view the best thing that could have been done for the economy since 2009 would have been a full elimination of all employer and employee payments into SS for several years (3-4). The 2% SS tax relief program (prematurely suspended IMHO) was to little, too late and for not long enough.
    Sep 25 08:11 PM | 1 Like Like |Link to Comment
COMMENTS STATS
10,291 Comments
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