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Post by AztecWilliam on Jan 5, 2010 16:59:05 GMT -8
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Post by aztecwin on Jan 6, 2010 18:58:15 GMT -8
If the Republicans and Bush alarmed you, Obama and his gang should have you terrified.
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Post by The Great Aztec Joe on Aug 27, 2010 5:52:44 GMT -8
If the Republicans and Bush alarmed you, Obama and his gang should have you terrified. WRONG! Remember that all of the national debt that is held by the FED can be erased if we politely ask. |
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Post by aztecwin on Aug 28, 2010 10:41:39 GMT -8
If the Republicans and Bush alarmed you, Obama and his gang should have you terrified. WRONG! Remember that all of the national debt that is held by the FED can be erased if we politely ask. Joe you have said that before and are still wrong. If you ask your local bank to reduce or erase your mortgage and the bank agrees, you and the bank have screwed shareholders and taxpayers. Go on up the chain to the Fed and it is the same case. It is irresponsible to even talk like that even though you do know better. Someone stupid like Geitner or Obama might believe you. |
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Post by The Great Aztec Joe on Aug 28, 2010 20:14:48 GMT -8
WRONG! Remember that all of the national debt that is held by the FED can be erased if we politely ask. Joe you have said that before and are still wrong. If you ask your local bank to reduce or erase your mortgage and the bank agrees, you and the bank have screwed shareholders and taxpayers. Go on up the chain to the Fed and it is the same case. It is irresponsible to even talk like that even though you do know better. Someone stupid like Geitner or Obama might believe you. Win, you need to read the Charter of the FED. I have. The FED is there to serve the United States while pretending to be an independent bank. Know this. The FED does not spend our money. The Congress does that. The FED can buy our Federal Bonds and Notes with money that they create out of thin air. If the FED can make money out of thin air (note that I did not say "Print it.") They electronically buy the bonds and notes and that transaction credits the treasury with the money and then the Treasury can electronically pay people with electronic pay checks (direct deposit) and social security can pay people with direct deposit and so on and so forth. How did the FED get the money? Again, they snapped their fingers and bought the Bonds and Notes. It is in the power of the FED to snap their fingers and make that money disappear, too. Why you guys think the finger snapping can go one way and not go the other is beyond me. Wake up! The FED can do it. If I were president, I would tell them to make all of our debt disappear by buying it in the open market and then snapping it away. There is no reason to carry debt from year to year. If I were president, and they failed to do as I asked, THEY would disappear! Then I would appoint new Fed Officers who would do as I asked. Vote for me and I will solve all of our problems. |
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Post by aztecwin on Aug 29, 2010 6:10:07 GMT -8
Joe you have said that before and are still wrong. If you ask your local bank to reduce or erase your mortgage and the bank agrees, you and the bank have screwed shareholders and taxpayers. Go on up the chain to the Fed and it is the same case. It is irresponsible to even talk like that even though you do know better. Someone stupid like Geitner or Obama might believe you. Win, you need to read the Charter of the FED. I have. The FED is there to serve the United States while pretending to be an independent bank. Know this. The FED does not spend our money. The Congress does that. The FED can buy our Federal Bonds and Notes with money that they create out of thin air. If the FED can make money out of thin air (note that I did not say "Print it.") They electronically buy the bonds and notes and that transaction credits the treasury with the money and then the Treasury can electronically pay people with electronic pay checks (direct deposit) and social security can pay people with direct deposit and so on and so forth. How did the FED get the money? Again, they snapped their fingers and bought the Bonds and Notes. It is in the power of the FED to snap their fingers and make that money disappear, too. Why you guys think the finger snapping can go one way and not go the other is beyond me. Wake up! The FED can do it. If I were president, I would tell them to make all of our debt disappear by buying it in the open market and then snapping it away. There is no reason to carry debt from year to year. If I were president, and they failed to do as I asked, THEY would disappear! Then I would appoint new Fed Officers who would do as I asked. Vote for me and I will solve all of our problems. With printing real money or accounting entries on a computer still result in inflation by increasing money supply. If and only if there was a corresponding increase in goods and services would inflation not be a result. I am surprised that you have not let on that you were a mentor to Geitner. There must have been a time when you were not busting jaws, fathering children and selling bunkers that you could have fit in a couple tutoring sessions for Tim Geitner. |
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Post by The Great Aztec Joe on Aug 29, 2010 6:48:55 GMT -8
With printing real money or accounting entries on a computer still result in inflation by increasing money supply. If and only if there was a corresponding increase in goods and services would inflation not be a result. I am surprised that you have not let on that you were a mentor to Geitner. There must have been a time when you were not busting jaws, fathering children and selling bunkers that you could have fit in a couple tutoring sessions for Tim Geitner. That is a very frightening and serious misconception you have there Win. Go back to Economics 101 and read what happened to Japan in the past 20 years. |
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Post by aztecwin on Aug 29, 2010 6:58:14 GMT -8
With printing real money or accounting entries on a computer still result in inflation by increasing money supply. If and only if there was a corresponding increase in goods and services would inflation not be a result. I am surprised that you have not let on that you were a mentor to Geitner. There must have been a time when you were not busting jaws, fathering children and selling bunkers that you could have fit in a couple tutoring sessions for Tim Geitner. That is a very frightening and serious misconception you have there Win. Go back to Economics 101 and read what happened to Japan in the past 20 years. Econ 101 can't explain it, but Kobayashi can. www.rieti.go.jp/en/columns/a01_0177.htmlBusiness Cycle Accounting goes a little deeper. Now will you confess to leading Geitner astray? |
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Post by The Great Aztec Joe on Aug 29, 2010 7:51:35 GMT -8
That is a very frightening and serious misconception you have there Win. Go back to Economics 101 and read what happened to Japan in the past 20 years. Econ 101 can't explain it, but Kobayashi can. www.rieti.go.jp/en/columns/a01_0177.htmlBusiness Cycle Accounting goes a little deeper. Now will you confess to leading Geitner astray? We are not dealing with a closed system here, win. We are dealing with an open system that is not defined. Go see AztecJoe economics 101 and you will learn something. |
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Post by The Great Aztec Joe on Aug 29, 2010 8:01:03 GMT -8
Note that Kobayashi is trying to explain the prolonged recession in Japan by claiming that the laborers all became less effective. (I.e. the workers in Japan all became lasy.) That, of course, is Bolshoi. The simple fact of the matter here is that Japan is not a closed economic system. They are trying to make it in a world economic system, and many things that they used to manufacture in Japan in the 1980's are now being manufactured in other countries. They lost market share for their products, but international companies gained market share if they used cheaper labor. Ironically, we are now seeing the same thing in the United States. Unless we try to create a closed system (like a United States of North America), we will suffer the same fate.
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Post by aztecwin on Aug 29, 2010 8:20:50 GMT -8
Note that Kobayashi is trying to explain the prolonged recession in Japan by claiming that the laborers all became less effective. (I.e. the workers in Japan all became lasy.) That, of course, is Bolshoi. The simple fact of the matter here is that Japan is not a closed economic system. They are trying to make it in a world economic system, and many things that they used to manufacture in Japan in the 1980's are now being manufactured in other countries. They lost market share for their products, but international companies gained market share if they used cheaper labor. Ironically, we are now seeing the same thing in the United States. Unless we try to create a closed system (like a United States of North America), we will suffer the same fate. Actually not! I would point out that birth rate of less than 2.1 per married couple makes economic growth near impossible. There is no such thing as a closed economic system and everyone knows that. Isolationists might not, but even in a well insulated system events outside the system can not be completely isolated. You do have similar problems in the US as exist in Japan, but you can not explain it in that manner and make any real sense. I think we both know that. |
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Post by The Great Aztec Joe on Aug 29, 2010 16:12:59 GMT -8
Note that Kobayashi is trying to explain the prolonged recession in Japan by claiming that the laborers all became less effective. (I.e. the workers in Japan all became lasy.) That, of course, is Bolshoi. The simple fact of the matter here is that Japan is not a closed economic system. They are trying to make it in a world economic system, and many things that they used to manufacture in Japan in the 1980's are now being manufactured in other countries. They lost market share for their products, but international companies gained market share if they used cheaper labor. Ironically, we are now seeing the same thing in the United States. Unless we try to create a closed system (like a United States of North America), we will suffer the same fate. Actually not! I would point out that birth rate of less than 2.1 per married couple makes economic growth near impossible. There is no such thing as a closed economic system and everyone knows that. Isolationists might not, but even in a well insulated system events outside the system can not be completely isolated. You do have similar problems in the US as exist in Japan, but you can not explain it in that manner and make any real sense. I think we both know that. The birth rate has little impact on the manufacturing for export that made Japan the second biggest manufacturing country in the world. The fact remains that Japan has lost ground to manufacturers who can produce product for less (Korea for cars, and Communist China for almost everything else.) The low Birth rate has an effect on the economy, but the major issue was their loss of place in world manufacturing. They are now third and still falling. |
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Post by aztecwin on Aug 30, 2010 12:41:40 GMT -8
Actually not! I would point out that birth rate of less than 2.1 per married couple makes economic growth near impossible. There is no such thing as a closed economic system and everyone knows that. Isolationists might not, but even in a well insulated system events outside the system can not be completely isolated. You do have similar problems in the US as exist in Japan, but you can not explain it in that manner and make any real sense. I think we both know that. The birth rate has little impact on the manufacturing for export that made Japan the second biggest manufacturing country in the world. The fact remains that Japan has lost ground to manufacturers who can produce product for less (Korea for cars, and Communist China for almost everything else.) The low Birth rate has an effect on the economy, but the major issue was their loss of place in world manufacturing. They are now third and still falling. Their economy is much like ours in many ways and you have pointed out one. They must change to more high tech and service type jobs and away from manufacturing. Birth rate is a much bigger deal than you think. |
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