Alan Greenspan telling the truth!

[Dovahkiin]

Please, explain. Deficit hawks have been screaming and crying for years, the burden of proof is on you. I suppose I should ask you this question, since the national debt is never going away (bonds.) How is the national debt harming anybody? It simply represents the savings of various entities in securities. And these people know it's a safe place to park dollars for a tiny bit of interest.

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

Argentina, Chile. The list of countries with fucked up currencies because they printed too much of it is very long. Venezuela is about there right now, with inflation around 700%/yr.

Fine, let's examine all of your examples:
Argentina pegs its currency.
Argentina Inflation due to pegged currency
Chile?
Why don't you fill me in on what's happening there in regards to the money supply.
Venezuela? Oh dear lord, of all places, venezuela? LOL. Let's ignore the fact that Venezuela pushed out capitalists and decimated production, venezuela pegs to the USD, and borrows in FOREIGN CURRENCIES.

 

[Dovahkiin]

Confidence isn't going away, did bond yields drop because of the debt ceiling nonsense? Are people turning over in droves to get rid of dollars?

Not right now. But recall Carter had to issue bonds demoninated in Swiss Marks because no one would take dollar bonds. Worse could happen in the future.
The IMF and China are already planning the dollar's replacement.

They are? Where?

Your ignorance is not my problem. Sorry, go research it.

I don't particularly care for nonsense. Hell, We're stabbing ourselves because of nonsense in regards to government.

Translation: Dont confuse me with the facts.

Still waiting.

 

[Dovahkiin]

Of course. The government could print one thousand trillion dollars and pay off all its debts and have plenty left over.

The question is who would benefit and who would be harmed.

All forms of government issued currency are liabilities of the government (fed/treasury.) The "national debt" simply looks at bonds.
Now, with that in mind, consider why americans aren't fearing for their lives over reserves/notes/coins..
Also, I don't deal with exaggerated examples. And "paying off" the debt would simply mean converting the bonds back to dollars in accounts at the fed. The governments liability doesn't change. In fact, we're doing this every day already. How? Crediting accounts. Right now, we have a demand problem, and the best way to fix that problem is getting more dollars into the hands of the poor, the engine of prosperity.

Of course the government can always print more money. The question is who would benefit and who would be harmed.

I don't even think they print most of it. It's just transferred digitally.

You are indeed correct. Banks have these wonderful things called reserves...

Banks have no reserves.......

What the hell are you babbling about?

 

[WildBillKelsoe]

Not really. Anyone owning dollars or assets denominated in dollars would be harmed.

Please, explain. Deficit hawks have been screaming and crying for years, the burden of proof is on you. I suppose I should ask you this question, since the national debt is never going away (bonds.) How is the national debt harming anybody? It simply represents the savings of various entities in securities. And these people know it's a safe place to park dollars for a tiny bit of interest.

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

 

[The Rabbi]

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

Argentina, Chile. The list of countries with fucked up currencies because they printed too much of it is very long. Venezuela is about there right now, with inflation around 700%/yr.

Fine, let's examine all of your examples:
Argentina pegs its currency.
Argentina Inflation due to pegged currency
Chile?
Why don't you fill me in on what's happening there in regards to the money supply.
Venezuela? Oh dear lord, of all places, venezuela? LOL. Let's ignore the fact that Venezuela pushed out capitalists and decimated production, venezuela pegs to the USD, and borrows in FOREIGN CURRENCIES.

You know that history includes things that happened before yesterday, right?

 

[The Rabbi]

Not right now. But recall Carter had to issue bonds demoninated in Swiss Marks because no one would take dollar bonds. Worse could happen in the future.
The IMF and China are already planning the dollar's replacement.

They are? Where?

Your ignorance is not my problem. Sorry, go research it.

I don't particularly care for nonsense. Hell, We're stabbing ourselves because of nonsense in regards to government.

Translation: Dont confuse me with the facts.

Still waiting.

For what?

 

[Dovahkiin]

Please, explain. Deficit hawks have been screaming and crying for years, the burden of proof is on you. I suppose I should ask you this question, since the national debt is never going away (bonds.) How is the national debt harming anybody? It simply represents the savings of various entities in securities. And these people know it's a safe place to park dollars for a tiny bit of interest.

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

 

[Dovahkiin]

They are? Where?

Your ignorance is not my problem. Sorry, go research it.

I don't particularly care for nonsense. Hell, We're stabbing ourselves because of nonsense in regards to government.

Translation: Dont confuse me with the facts.

Still waiting.

For what?

Evidence.

 

[Dovahkiin]

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

Argentina, Chile. The list of countries with fucked up currencies because they printed too much of it is very long. Venezuela is about there right now, with inflation around 700%/yr.

Fine, let's examine all of your examples:
Argentina pegs its currency.
Argentina Inflation due to pegged currency
Chile?
Why don't you fill me in on what's happening there in regards to the money supply.
Venezuela? Oh dear lord, of all places, venezuela? LOL. Let's ignore the fact that Venezuela pushed out capitalists and decimated production, venezuela pegs to the USD, and borrows in FOREIGN CURRENCIES.

You know that history includes things that happened before yesterday, right?

Yeah, show me all of the examples. I've seen it before. Zimbabwe? Destroyed agriculture, dismantled production. Demand exceeded supply. Would've been fucked either way. Weimar? Same case, although not voluntarily.

 

[The Rabbi]

Please, explain. Deficit hawks have been screaming and crying for years, the burden of proof is on you. I suppose I should ask you this question, since the national debt is never going away (bonds.) How is the national debt harming anybody? It simply represents the savings of various entities in securities. And these people know it's a safe place to park dollars for a tiny bit of interest.

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

They're usually not bossting their economy. Instead they are trying to play games with it, increasing spending without increasing taxes and covering the shortfall by printing. This never ends well.

 

[The Rabbi]

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

We can add the Weimar Republic to the list of things you dont know.

 

[The Rabbi]

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

Argentina, Chile. The list of countries with fucked up currencies because they printed too much of it is very long. Venezuela is about there right now, with inflation around 700%/yr.

Fine, let's examine all of your examples:
Argentina pegs its currency.
Argentina Inflation due to pegged currency
Chile?
Why don't you fill me in on what's happening there in regards to the money supply.
Venezuela? Oh dear lord, of all places, venezuela? LOL. Let's ignore the fact that Venezuela pushed out capitalists and decimated production, venezuela pegs to the USD, and borrows in FOREIGN CURRENCIES.

You know that history includes things that happened before yesterday, right?

Yeah, show me all of the examples. I've seen it before. Zimbabwe? Destroyed agriculture, dismantled production. Demand exceeded supply. Would've been fucked either way. Weimar? Same case, although not voluntarily.

Educatign you is not my purpose here. I cited examples. You choose to play stupid and ignore them. Not.My.Problem.

 

[WildBillKelsoe]

It's supply and demand. The more dollars in the system, the less each dollar is worth.

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

It is important to note here that the above is not the least bit controversial. No economist disagrees with the basic equation MV=Py. The arguments arise when additional assumptions are made regarding the nature of the individual variables. For example, this is what is assumed in the “money growth==>inflation” view:

M: That which is money is easily defined and identified and only the central bank can affect it’s supply, which it can do with autonomy and precision.

V: The velocity of money is related to people’s habits and the structure of the financial system. It is, therefore, relatively constant.

P: The economy is so competitive that neither firms nor workers are free to change what they charge for their goods and services without there having been a change in the underlying forces driving supply and demand in their market.

y: The economy automatically tends towards full employment and thus y (the existing volume of goods and services) is as large as it can be at any given moment (although it grows over time).

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

Obviously there was enough supplies, because motherfuckers were taking their salaries home in wheelbarrows...literally.

The Weimar Republic thought they could pay their debts by simply printing more money.

 

[Dovahkiin]

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

We can add the Weimar Republic to the list of things you dont know.

I'd say you're the one who knows nothing about the weimar.

 

[Dovahkiin]

Repeating a claim doesn't make it true. Look at the m1:

Where is the crippling inflation?
Money Growth Does Not Cause Inflation!
Also:

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

Obviously there was enough supplies, because motherfuckers were taking their salaries home in wheelbarrows...literally.

The Weimar Republic thought they could pay their debts by simply printing more money.

Huh? I'm not talking about lacking money supply.
I'm referring to the supply of goods/services.

 

[Dale Smith]

Since the inception of the Federal Reserve Act, the dollar has lost 99 percent of it's value. 71 percent of the people that even have a job make less than 50K a year, 51 % make less than 30K a year and 38% make less than 20K a year for a dollar that buys less and less all the time. The middle class is being systematically dismantled and it is being done on purpose. The global elites do not want an affluent middle class because it is a threat to their rule and they have the money, power and the mans to do so. I have gone through the real history and studied the acts and legislation that has been put in place to make this happen, It started with the car industry, spread to the steel plants, the textiles, the family farms using the banks and unfair trade agreements all designed to kill manufacturing along with decent blue collar jobs that paid a living wage. I know my shit...it's as plain as the nose on my face as to what has been going on. Now we have the TPP that will be the final nail on the coffin of the middle class. We have been nothing but a resource and now we have diminishing returns because of the robotic age. America was used as a conduit to break down other countries that didn't have the ability to defend themselves from this corporate entity that coveted their resources...now the chickens have come home to roost and now it is our turn....think I am kidding? Just watch what is next and it's not gonna be pretty. You think you are living "comfortably"? It will come to an end sooner than you think.

 

[The Rabbi]

Ask the Weimar Republic of its true...

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

We can add the Weimar Republic to the list of things you dont know.

I'd say you're the one who knows nothing about the weimar.

You would say that. And you'd be wrong.
Weimar pursued bad economic policies and suffered hyperinflation for it. The war debts were a small part of that. France also had war debts and a lot of ruined production but pulled out of it.

 

[Toddsterpatriot]

Listen to greenspan in regards to debt in our own currency.


Also, listen to Ben:

Printing currency debases the currency already in existence and only kicks the can down the road. Only the ones at the very top benefit from a flood of money into the system. Your knowledge of this fiat currency system is scary. The Fed needs to have a top to bottom audit and then nationalized and it's ill gotten wealth taken from them and put into a trust. There needs to be a full disclosure of the CAFRs and the wealth that has been stolen needs to be revealed if we are ever going to get out of this debt slavery system.

The Fed needs to have a top to bottom audit and then nationalized and it's ill gotten wealth taken from them and put into a trust.

What do they do with their ill gotten earnings each year?

 

[Dovahkiin]

Oh, you mean a country where the productive capacity was destroyed with foreign debts? Yeah, that has nothing to do with the money supply itself.

No, I mean a country that tried to boost its economy by printing gazillions of currency notes.

It seems my point when over your head... germany would have been fucked either way, regardless of issuing currency. There simply wasn't enough supply, and add the fact that germany had foreign debts.

We can add the Weimar Republic to the list of things you dont know.

I'd say you're the one who knows nothing about the weimar.

You would say that. And you'd be wrong.
Weimar pursued bad economic policies and suffered hyperinflation for it. The war debts were a small part of that. France also had war debts and a lot of ruined production but pulled out of it.

France was backed up by the allies and france's supply wasn't completely decimated. The weimar was fucked either way.

 

[Dovahkiin]

Listen to greenspan in regards to debt in our own currency.


Also, listen to Ben:

Printing currency debases the currency already in existence and only kicks the can down the road. Only the ones at the very top benefit from a flood of money into the system. Your knowledge of this fiat currency system is scary. The Fed needs to have a top to bottom audit and then nationalized and it's ill gotten wealth taken from them and put into a trust. There needs to be a full disclosure of the CAFRs and the wealth that has been stolen needs to be revealed if we are ever going to get out of this debt slavery system.

The Fed needs to have a top to bottom audit and then nationalized and it's ill gotten wealth taken from them and put into a trust.

What do they do with their ill gotten earnings each year?

Something something ron paul gold freedom..