- Jun 29, 2013
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Every time someone does the screams and the wails arise in a chorus of woe that is truly something to give one pause. Anyone with a heart will be affected by it and they know it too.
The foolish notion that we can just Keynes along forever without eventually bringing our accounts to right is a tool that the spend-o-maniacs love to use to shame the thrifters back into their place and into silence.
To date China and a few other creditors have been tolerant with us. However know this.....their generosity is not based on the fairy tale economy that our money supply is based on. We'll focus on China since they are the largest debtor. China does not engage in the same kind of financial chicanery that our own dear Federal Reserve system does when it's time to balance accounts....they live within their means and keep their currency pegged to the dollar at about eight to one.
That means in the final shakeout of exchange that the Chinese have real man hours on the other end in real time to back up their charity ( perhaps charity is the wrong word considering the massive interest payments that we make to them ). They benefit from the exchange rate though and I'm sure they would be careful not to screw that up...however Quantative easing pisses them off because it means that as the dollar devalues the man hours on the other end of the trade simply get flushed into the great crapper of cosmic nothingness....and I'm telling you they are not going to do that forever. For now they tolerate....but don't think for one minute that they don't have a limit....because they do. When they stop you will know it immediately.....everyone will be touched by it.
The White house position that there will be negotiations after the Pubs sign off on everything is like telling an enemy in war that we will sign a peace treat after we conquer them. Like telling a home owner that the foreclosure will stop after they move out. Like telling a hungry person that he or she can eat as soon as their appetite goes away. In other words it is an insult and a bullshit story.
Translated into modern English this is what it means:
" We will not change anything, delay anything or repeal anything " now what was it you wanted to talk about again?
Obama is not running for re-election and the dems are desperate to get rid of the sequester cuts that they dreamed up btw and now cannot live with.
The Unions are taking a massive beating under the sequester corrections and there must be hell to pay in all of the back rooms and congressional districts.
The longer the Republicans hold out.....the longer the sequester cuts will bring people across this nation back to their senses and back to the realization that we cannot borrow our way forward.
JO
The foolish notion that we can just Keynes along forever without eventually bringing our accounts to right is a tool that the spend-o-maniacs love to use to shame the thrifters back into their place and into silence.
To date China and a few other creditors have been tolerant with us. However know this.....their generosity is not based on the fairy tale economy that our money supply is based on. We'll focus on China since they are the largest debtor. China does not engage in the same kind of financial chicanery that our own dear Federal Reserve system does when it's time to balance accounts....they live within their means and keep their currency pegged to the dollar at about eight to one.
That means in the final shakeout of exchange that the Chinese have real man hours on the other end in real time to back up their charity ( perhaps charity is the wrong word considering the massive interest payments that we make to them ). They benefit from the exchange rate though and I'm sure they would be careful not to screw that up...however Quantative easing pisses them off because it means that as the dollar devalues the man hours on the other end of the trade simply get flushed into the great crapper of cosmic nothingness....and I'm telling you they are not going to do that forever. For now they tolerate....but don't think for one minute that they don't have a limit....because they do. When they stop you will know it immediately.....everyone will be touched by it.
The White house position that there will be negotiations after the Pubs sign off on everything is like telling an enemy in war that we will sign a peace treat after we conquer them. Like telling a home owner that the foreclosure will stop after they move out. Like telling a hungry person that he or she can eat as soon as their appetite goes away. In other words it is an insult and a bullshit story.
Translated into modern English this is what it means:
" We will not change anything, delay anything or repeal anything " now what was it you wanted to talk about again?
Obama is not running for re-election and the dems are desperate to get rid of the sequester cuts that they dreamed up btw and now cannot live with.
The Unions are taking a massive beating under the sequester corrections and there must be hell to pay in all of the back rooms and congressional districts.
The longer the Republicans hold out.....the longer the sequester cuts will bring people across this nation back to their senses and back to the realization that we cannot borrow our way forward.
JO