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I can trade my silver and gold for guns and ammunition and a harem of women or transgender. Gold has been used for currency in every civilation throughout . You only need a few ounces so it’s easy to carry it and still outrun the zombiesQuote:
Originally Posted by brocktonblockbust
I have to say that walrus has kind of schooled beans and everybody else in this thread
Quote:
Originally Posted by walrusI know u are a fraud as I tripped u over a simple word all Americans including the government call a certain monetary body here in the US. You didn’t know what I was talking about despite you saying you worked for that very body. Since then, I knew u were a fraud. Why would I encourage u. #banbrock is internet stalking u as we speak. He is being funded with bitcoin which was converted to monero which is more anonymous @TitoFan tits I’m sorry I answered like that cause I thought you were jerkland Laing. To answer your question my words contain all the info u need. Like I said many use my posts as links when they want to explain something to peopleQuote:
Originally Posted by TitoFanQuote:
Originally Posted by walrusYes I am that outfit and yes it is all trump you may use this as a linkQuote:
Originally Posted by TitoFan
So you have nothing? Not even a crayon-drawn scribble that quantifies Trump's economic triumphs?
While your response was amusing, it failed to address the point that arguments over the state of the economy are usually best held with objective economic indicators. But I guess you felt it better to throw one of your accustomed wisecracks which came off a bit condescending, which of course prompted my own wiseass response.
That's regarding the 2nd half of your post. The first half I'm puzzled, as it seems to address someone else, unless of course I missed something.
ya when you asked me the question I thought u were jerkland which lead to this mass confusion. I meant to start a new post explaining that but I got them mixed togetherQuote:
Originally Posted by TitoFanQuote:
Originally Posted by walrusI know u are a fraud as I tripped u over a simple word all Americans including the government call a certain monetary body here in the US. You didn’t know what I was talking about despite you saying you worked for that very body. Since then, I knew u were a fraud. Why would I encourage u. #banbrock is internet stalking u as we speak. He is being funded with bitcoin which was converted to monero which is more anonymous @TitoFan tits I’m sorry I answered like that cause I thought you were jerkland Laing. To answer your question my words contain all the info u need. Like I said many use my posts as links when they want to explain something to peopleQuote:
Originally Posted by TitoFanQuote:
Originally Posted by walrusYes I am that outfit and yes it is all trump you may use this as a linkQuote:
Originally Posted by TitoFan
So you have nothing? Not even a crayon-drawn scribble that quantifies Trump's economic triumphs?
While your response was amusing, it failed to address the point that arguments over the state of the economy are usually best held with objective economic indicators. But I guess you felt it better to throw one of your accustomed wisecracks which came off a bit condescending, which of course prompted my own wiseass response.
That's regarding the 2nd half of your post. The first half I'm puzzled, as it seems to address someone else, unless of course I missed something.
Hundreds of billions have been brought back to the US. And they've been paid out to shareholders and top exwcutives in bonuses or used to buy back shares whichenriches shareholders and top executives. Meanwhile there's no increase in the rate of business investment over the Obama years.Quote:
Originally Posted by brocktonblockbust
If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.Quote:
Originally Posted by Gandalf
U r almost good at pretending you know what u r talking aboutQuote:
Originally Posted by Kirkland LaingIf US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.Quote:
Originally Posted by Gandalf
If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.
I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level
Kirkland's middle name at Birth was "quantitative easing to Infinity"
Every Democratic president since before Reagan has reduced the deficit, in Obama's case by a dramatic percentage despite inheriting the greatest economic collapse since the Great Depression. Every Republican president since Reagan has dramatically increased the deficit. Reagan trebled the national debt. Trump has slashed taxes (with nearly 90% of the tax cut going to the top 1%, the lowest 25% of earners get a $60 a year tax cut, Warren Buffeet got $30 billion) and is now running trillion dollar deficits in the middle of an economic expansion.Quote:
Originally Posted by walrus
Let's see what you actually know about debt and deficits and this potential great disaster for America. This could be a teachable moment. Have a look at the graph.
https://fred.stlouisfed.org/graph/fredgraph.png?g=k8cZ
Firstly, how come America is paying much less in interest on the debt compared to the end of the nineties, a time when Bill Clinton and the Democratic congress turned a then record deficit inherited from the GOP into an actual surplus with the entire national debt projected to be paid off by 2010, at a time when the current guy is running trillion dollar deficits in the middle of an economic expansion?
I don't read anybody at all. If they're so smart why aren't they making money?Quote:
Originally Posted by walrus
What are these ten better possibilities?
#PorklandLaing
Bacon Boy
Ten, dude I said thousandsQuote:
Originally Posted by Kirkland LaingI don't read anybody at all. If they're so smart why aren't they making money?Quote:
Originally Posted by walrus
What are these ten better possibilities?
Oh I forgot everything Obama’s did wrong was bushes fault. Clinton didn’t balance shitz that was Newt Gingrich