Re: Republican Candidate Poll
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
walrus
I just heard the fed is expecting a 20 trillion dollar deficit due in part to Obama care. Some are saying it could be 30 trillion which means probably 100 trillion.
Any debt the US government incurs is due in part to every single thing the government spends money on. Obamacare is a tiny fraction of the government budget. And thirty billion in relation to what? When do they predict debt levels will be that high? And what do they predict GDP will be then? You're aware the debt level is irrelevant provided GDP keeps pace, right? That that debt will never be paid back and that it doesn't matter?
Utter trash
Re: Republican Candidate Poll
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
These are abnormal times, Kirk.
You are quick to attack, but as soon as interest rates rose the system is teetering. My Janet and John books were right. Just 0.25% too. Titter titter.
The hyper inflation was in stocks and property and now it should start to crash. Money was not given to any old person was it now. Currencies around the world have been suffering too.
What you've been saying for about eight years is that interest rates would soar as governments would have to pay big premiums to get people to buy their worthless dollar/sterling euro debt.
You spent eight years predicting hyperinflation when we're seeing eight years of one percent inflation. If stock markets going up is hyperinflation, then surely the current big current falls in the markets means we're seeing massive deflation? How is that possible?
You've been claiming the dollar is becoming worthless for eight years now.
https://research.stlouisfed.org/fred...aph.png?g=3gwa
So everything you've been saying for the last eight years has proved to be diametrically opposed to reality. You fucking fruit loop.
Interest rates haven't soared and that has been my point. For some reason you fail to compute this. Instead you waffle on with a bunch of untruths as is your will and way. I have always maintained that when interest rates rise the system collapses. Why is that so difficult for you to comprehend? It's like talking to a Geordie or something.
Walrus is right. You cannot discuss things with people who make stuff up and talk streams of nonsense. If you do not understand what is going on or the different types of inflation/deflation then you are in the correct trade.
Back to my Janet and John books now. I look forward to the next interest rate hikes. Pfft.
Yes, I should have known not to try and debate economics and finance with a Korean English teacher. What could I know with only my twenty five year career in the financial industry as experience and knowledge cmpared to somebody who teaches English in Korea.
So you think when interest rates rise the system collases. How does it collapse? Give me what you think is a likely scenario. How will interest rates rise if central banks don't want them to? Why will they cause the system to collapse? Hmmm?
Also, too, explain to me the different types of inflation and deflation and also what is going on now. Help me understand it.
Re: Republican Candidate Poll
"You cannot taper a ponzi scheme" said Janet to young John. Repeat after me kiddies "You cannot taper a ponzi scheme".
Re: Republican Candidate Poll
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
These are abnormal times, Kirk.
You are quick to attack, but as soon as interest rates rose the system is teetering. My Janet and John books were right. Just 0.25% too. Titter titter.
The hyper inflation was in stocks and property and now it should start to crash. Money was not given to any old person was it now. Currencies around the world have been suffering too.
What you've been saying for about eight years is that interest rates would soar as governments would have to pay big premiums to get people to buy their worthless dollar/sterling euro debt.
You spent eight years predicting hyperinflation when we're seeing eight years of one percent inflation. If stock markets going up is hyperinflation, then surely the current big current falls in the markets means we're seeing massive deflation? How is that possible?
You've been claiming the dollar is becoming worthless for eight years now.
https://research.stlouisfed.org/fred...aph.png?g=3gwa
So everything you've been saying for the last eight years has proved to be diametrically opposed to reality. You fucking fruit loop.
Interest rates haven't soared and that has been my point. For some reason you fail to compute this. Instead you waffle on with a bunch of untruths as is your will and way. I have always maintained that when interest rates rise the system collapses. Why is that so difficult for you to comprehend? It's like talking to a Geordie or something.
Walrus is right. You cannot discuss things with people who make stuff up and talk streams of nonsense. If you do not understand what is going on or the different types of inflation/deflation then you are in the correct trade.
Back to my Janet and John books now. I look forward to the next interest rate hikes. Pfft.
Yes, I should have known not to try and debate economics and finance with a Korean English teacher. What could I know with only my twenty five year career in the financial industry as experience and knowledge cmpared to somebody who teaches English in Korea.
So you think when interest rates rise the system collases. How does it collapse? Give me what you think is a likely scenario. How will interest rates rise if central banks don't want them to? Why will they cause the system to collapse? Hmmm?
Also, too, explain to me the different types of inflation and deflation and also what is going on now. Help me understand it.
What a nut, the GDP expanded .7 percent last quarter. So you the the debt is not an issue for our economy. What an utter utter utter know it all who doesn't. I wouldn't bother arguing with you, my cat is actually much better at human intersections. And give us back forum gay of the year's, @miles has waited long enough. Take that tiara out of your ass and give it here you tiara hoarder utter homo thug
Re: Republican Candidate Poll
Don't try to reason with him, Walrus. Kirkland lives in topsy turvy banker land. None of it makes any sense. He will be advocating negative interest rates next. What a mad man.
Re: Republican Candidate Poll
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
These are abnormal times, Kirk.
You are quick to attack, but as soon as interest rates rose the system is teetering. My Janet and John books were right. Just 0.25% too. Titter titter.
The hyper inflation was in stocks and property and now it should start to crash. Money was not given to any old person was it now. Currencies around the world have been suffering too.
What you've been saying for about eight years is that interest rates would soar as governments would have to pay big premiums to get people to buy their worthless dollar/sterling euro debt.
You spent eight years predicting hyperinflation when we're seeing eight years of one percent inflation. If stock markets going up is hyperinflation, then surely the current big current falls in the markets means we're seeing massive deflation? How is that possible?
You've been claiming the dollar is becoming worthless for eight years now.
https://research.stlouisfed.org/fred...aph.png?g=3gwa
So everything you've been saying for the last eight years has proved to be diametrically opposed to reality. You fucking fruit loop.
Interest rates haven't soared and that has been my point. For some reason you fail to compute this. Instead you waffle on with a bunch of untruths as is your will and way. I have always maintained that when interest rates rise the system collapses. Why is that so difficult for you to comprehend? It's like talking to a Geordie or something.
Walrus is right. You cannot discuss things with people who make stuff up and talk streams of nonsense. If you do not understand what is going on or the different types of inflation/deflation then you are in the correct trade.
Back to my Janet and John books now. I look forward to the next interest rate hikes. Pfft.
Yes, I should have known not to try and debate economics and finance with a Korean English teacher. What could I know with only my twenty five year career in the financial industry as experience and knowledge cmpared to somebody who teaches English in Korea.
So you think when interest rates rise the system collases. How does it collapse? Give me what you think is a likely scenario. How will interest rates rise if central banks don't want them to? Why will they cause the system to collapse? Hmmm?
Also, too, explain to me the different types of inflation and deflation and also what is going on now. Help me understand it.
What a nut, the GDP expanded .7 percent last quarter. So you the the debt is not an issue for our economy. What an utter utter utter know it all who doesn't. I wouldn't bother arguing with you, my cat is actually much better at human intersections. And give us back forum gay of the year's, @miles has waited long enough. Take that tiara out of your ass and give it here you tiara hoarder utter homo thug
Debt in relation to what though? If you owe a million dollars and you earn ten thousand a year you've got a problem. If you owe a million dollars and you earn ten million a year you don't have a problem.
American debt is only a problem if it's well out of proportion to how much America makes or if it's spiralling out of control. It isn't out of proportion and it's increasing at the same rate as GDP so the debt:GDP ratio, the really crucial thing, remains the same.
And it'll never be paid back. It doesn't ever need to be paid back.
Your mistake is believing that you know anything about economics or finance. I mock Miles by saying he's got a Janet and John level of knowledge -- Janet and John being the first books toddlers are given in England when they're learning to read -- but the truth is people like you and Miles don't even have a Janet and John level of knowledge. You have no education or experience of finance or economics but you've read some nutty websites or listened to some talk radio idiot and have learnt completely wrong things which you now believe to be true.
Rather than ranting away ignorantly you should just stay quiet and learn. Better to remain silent and be thought a fool than open your mouth and remove all doubt.
Re: Republican Candidate Poll
Quote:
Originally Posted by
Gandalf
"You cannot taper a ponzi scheme" said Janet to young John. Repeat after me kiddies "You cannot taper a ponzi scheme".
What is this supposed to mean? If you're talking about the Fed tapering QE then they did and interest rates didn't budge at all so clearly the dollar and American debt by your own definition isn't a Ponzi scheme.
Re: Republican Candidate Poll
US national debt is by its nature a ponzi scheme as it will never be paid off. You sell a welfare state based on single mums and welfare then pray and hope the kiddies will pay it off by some miracle in the future despite less and less well paying employment. It is a ponzi scheme. The stock markets are a ponzi scheme. The gold markets are a ponzi scheme. There are ponzi schemes everywhere. Finance is a ponzi scheme. It is money from nothing hoping a few more gullible fools will buy in as a few cash out. Ponzi schemes a plenty. They must go on as long as possible.
Re: Republican Candidate Poll
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
These are abnormal times, Kirk.
You are quick to attack, but as soon as interest rates rose the system is teetering. My Janet and John books were right. Just 0.25% too. Titter titter.
The hyper inflation was in stocks and property and now it should start to crash. Money was not given to any old person was it now. Currencies around the world have been suffering too.
What you've been saying for about eight years is that interest rates would soar as governments would have to pay big premiums to get people to buy their worthless dollar/sterling euro debt.
You spent eight years predicting hyperinflation when we're seeing eight years of one percent inflation. If stock markets going up is hyperinflation, then surely the current big current falls in the markets means we're seeing massive deflation? How is that possible?
You've been claiming the dollar is becoming worthless for eight years now.
https://research.stlouisfed.org/fred...aph.png?g=3gwa
So everything you've been saying for the last eight years has proved to be diametrically opposed to reality. You fucking fruit loop.
Interest rates haven't soared and that has been my point. For some reason you fail to compute this. Instead you waffle on with a bunch of untruths as is your will and way. I have always maintained that when interest rates rise the system collapses. Why is that so difficult for you to comprehend? It's like talking to a Geordie or something.
Walrus is right. You cannot discuss things with people who make stuff up and talk streams of nonsense. If you do not understand what is going on or the different types of inflation/deflation then you are in the correct trade.
Back to my Janet and John books now. I look forward to the next interest rate hikes. Pfft.
Yes, I should have known not to try and debate economics and finance with a Korean English teacher. What could I know with only my twenty five year career in the financial industry as experience and knowledge cmpared to somebody who teaches English in Korea.
So you think when interest rates rise the system collases. How does it collapse? Give me what you think is a likely scenario. How will interest rates rise if central banks don't want them to? Why will they cause the system to collapse? Hmmm?
Also, too, explain to me the different types of inflation and deflation and also what is going on now. Help me understand it.
What a nut, the GDP expanded .7 percent last quarter. So you the the debt is not an issue for our economy. What an utter utter utter know it all who doesn't. I wouldn't bother arguing with you, my cat is actually much better at human intersections. And give us back forum gay of the year's, @miles has waited long enough. Take that tiara out of your ass and give it here you tiara hoarder utter homo thug
Debt in relation to what though? If you owe a million dollars and you earn ten thousand a year you've got a problem. If you owe a million dollars and you earn ten million a year you don't have a problem.
American debt is only a problem if it's well out of proportion to how much America makes or if it's spiralling out of control. It isn't out of proportion and it's increasing at the same rate as GDP so the debt:GDP ratio, the really crucial thing, remains the same.
And it'll never be paid back. It doesn't ever need to be paid back.
Your mistake is believing that you know anything about economics or finance. I mock Miles by saying he's got a Janet and John level of knowledge -- Janet and John being the first books toddlers are given in England when they're learning to read -- but the truth is people like you and Miles don't even have a Janet and John level of knowledge. You have no education or experience of finance or economics but you've read some nutty websites or listened to some talk radio idiot and have learnt completely wrong things which you now believe to be true.
Rather than ranting away ignorantly you should just stay quiet and learn. Better to remain silent and be thought a fool than open your mouth and remove all doubt.
I was commenting on what you said about debt in relation to GDP. Funny how you twist things just to do so. If you think you are wise, become a fool, so you may become wise. You may fancy yourself bright but your posts prove the utter opposite.
Re: Republican Candidate Poll
Yep, Kirkland seems like a bit of a nut the way he throws himself about with the insults and putting words in peoples mouths that were never there to begin with. I've seen that behavior once or twice before. He has been wrong on several occasions and he will never admit to it or apologise. That is the attitude of a banker right there. They destroy the world but make a few people rich and say they were right all along.
Listen to the excuses about government debt. The debt is inherited by the children of tomorrow and it will be paid for by sacrificing their standards of living. Just because the selfish buggers now are not going to pay does not mean it is never paid. In one way or another it will be paid. Either slavery for all or a default and a dollar in trouble. Despicable people the financialists. They brown nose up to the system in order to carry on stealing.
Re: Republican Candidate Poll
Quote:
Originally Posted by
Gandalf
Yep, Kirkland seems like a bit of a nut the way he throws himself about with the insults and putting words in peoples mouths that were never there to begin with. I've seen that behavior once or twice before. He has been wrong on several occasions and he will never admit to it or apologise. That is the attitude of a banker right there. They destroy the world but make a few people rich and say they were right all along.
Listen to the excuses about government debt. The debt is inherited by the children of tomorrow and it will be paid for by sacrificing their standards of living. Just because the selfish buggers now are not going to pay does not mean it is never paid. In one way or another it will be paid. Either slavery for all or a default and a dollar in trouble. Despicable people the financialists. They brown nose up to the system in order to carry on stealing.
well, he builds houses in "downtime," my family works in economics, I never knew them to have to take second jobs as they never had, "downtime" but Kirk knows all, we know nothing.
Re: Republican Candidate Poll
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Gandalf
Yep, Kirkland seems like a bit of a nut the way he throws himself about with the insults and putting words in peoples mouths that were never there to begin with. I've seen that behavior once or twice before. He has been wrong on several occasions and he will never admit to it or apologise. That is the attitude of a banker right there. They destroy the world but make a few people rich and say they were right all along.
Listen to the excuses about government debt. The debt is inherited by the children of tomorrow and it will be paid for by sacrificing their standards of living. Just because the selfish buggers now are not going to pay does not mean it is never paid. In one way or another it will be paid. Either slavery for all or a default and a dollar in trouble. Despicable people the financialists. They brown nose up to the system in order to carry on stealing.
well, he builds houses in "downtime," my family works in economics, I never knew them to have to take second jobs as they never had, "downtime" but Kirk knows all, we know nothing.
Absolutely, I know nothing either. I read and listen to people who do know things though and they tend not to say the kinds of things that Kirk does. Every sensible person knew what would happen when interest rates rose and I said it to Kirk for years and when it happened he just starts waffling about other things when called out on it. I may know nothing, but I was right and I will admit when I am wrong. That is why Kirkland is a phoney forum gay of the year. He doesn't have the humility to be a forum gay.
Re: Republican Candidate Poll
Quote:
Originally Posted by
Gandalf
US national debt is by its nature a ponzi scheme as it will never be paid off. You sell a welfare state based on single mums and welfare then pray and hope the kiddies will pay it off by some miracle in the future despite less and less well paying employment. It is a ponzi scheme. The stock markets are a ponzi scheme. The gold markets are a ponzi scheme. There are ponzi schemes everywhere. Finance is a ponzi scheme. It is money from nothing hoping a few more gullible fools will buy in as a few cash out. Ponzi schemes a plenty. They must go on as long as possible.
So everything is a Ponzi scheme.
Yes, it'll never be paid off. But that doesn't make it a Ponzi scheme. US bonds are the safest investment on the planet as evidenced by the market for them. America will always be in debt but as long as the debt is proportional to its income it doesn't matter. Back in 1988 after Reagan had trebled the national debt in eight years people were panicking about debt levels. Buy gold! Fiat money is a Ponzi scheme! America owed £2.6 trillion. About as much as it spent invading Iraq in 2003. Governments are immortal Miles and debt reduces over time due to a combination of economic growth and moderate 2 percentish inflation. That's why the bond market doesn't panic and dump trillions of dollars of Ponzi scheme debt but keeps buying it even when it pays zero real interest. This is just Janet and John basic facts.
America currently owes roughly 100% of its yearly income. A young couple or individual can get a mortgage for three times their yearly income easily and they're far more of a risk than an entire country which has guaranteed income indefinitely and never retires. US private sector debt is four times national debt and nobody is claiming that private business is a Ponzi scheme or about to go bust. Apart from people who either know nothing about numbers, finance or currencies that is.
Re: Republican Candidate Poll
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Gandalf
Yep, Kirkland seems like a bit of a nut the way he throws himself about with the insults and putting words in peoples mouths that were never there to begin with. I've seen that behavior once or twice before. He has been wrong on several occasions and he will never admit to it or apologise. That is the attitude of a banker right there. They destroy the world but make a few people rich and say they were right all along.
Listen to the excuses about government debt. The debt is inherited by the children of tomorrow and it will be paid for by sacrificing their standards of living. Just because the selfish buggers now are not going to pay does not mean it is never paid. In one way or another it will be paid. Either slavery for all or a default and a dollar in trouble. Despicable people the financialists. They brown nose up to the system in order to carry on stealing.
well, he builds houses in "downtime," my family works in economics, I never knew them to have to take second jobs as they never had, "downtime" but Kirk knows all, we know nothing.
I was joking about the moonlighting thing. I just like doing something different half a day every week. The houses I work on are my own. I set my builder brothers up in the property business twenty years ago and I've got a share of the business. I also retired my parents out to Spain at the same time. I got my sister a start in TV news and helped her a little bit when she started her own business and now she owns part of one of the biggest PR firms in London. When it comes to money I know what I'm talking about.
Re: Republican Candidate Poll
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Gandalf
Yep, Kirkland seems like a bit of a nut the way he throws himself about with the insults and putting words in peoples mouths that were never there to begin with. I've seen that behavior once or twice before. He has been wrong on several occasions and he will never admit to it or apologise. That is the attitude of a banker right there. They destroy the world but make a few people rich and say they were right all along.
Listen to the excuses about government debt. The debt is inherited by the children of tomorrow and it will be paid for by sacrificing their standards of living. Just because the selfish buggers now are not going to pay does not mean it is never paid. In one way or another it will be paid. Either slavery for all or a default and a dollar in trouble. Despicable people the financialists. They brown nose up to the system in order to carry on stealing.
well, he builds houses in "downtime," my family works in economics, I never knew them to have to take second jobs as they never had, "downtime" but Kirk knows all, we know nothing.
Absolutely, I know nothing either. I read and listen to people who do know things though and they tend not to say the kinds of things that Kirk does. Every sensible person knew what would happen when interest rates rose and I said it to Kirk for years and when it happened he just starts waffling about other things when called out on it. I may know nothing, but I was right and I will admit when I am wrong. That is why Kirkland is a phoney forum gay of the year. He doesn't have the humility to be a forum gay.
What do you think happened after interest rates rose? (0.25%)
Why did interest rates rise?
