The Economic Crisis (The Fall of America & the Western World)

[brocktonblockbust]

I don't understand. I'm Kirkland Laing. Kirkland Laing!

The italics clarified it, thanks. Any way you a good guy and we aint fightin but I got a Masters in INt'l Finance from Thunderbird (AZ) and I know a decent amount about it. The US has lent, spent and guaranteed $26 trillion since 2009. Deregulation has allowed all kinds of abuse. Black pools, default swaps, collateralized debt obligations, all sorts of shenanigans, and the criminals who pulled this off are now expected (hahaha) to solve it? Thats asking the fox to guard the henhouse. The same people who in 2007 "didnt see it coming" are now being trusted to tell us what is happening now What a joke. YOu really believe the company line/the govt line that there is a recovery and we are out of the recession since June of 09? Hahaha---you believe there is only 7% unemployment? More like 24%---see the problem with believeing govt accounting figures is that they fudge the figures, manipulate the data laft and right shamelessly.

Now food and fule are not being counted in the CPI index? Not part of inflation huh? hmmm? How convenient. Thats how they can claim there is no inflation. With all those dollars printed out of nothing, backed by nothing, producing nothing, creating no productive capacity, only encouraging more consumer spending........how is there no inflation? You believe them too much. They are liars, they have always been and always will be. Its all coming down shortly Laing. The whole CHARADE. peace bro

[Kirkland Laing]

I don't understand. I'm Kirkland Laing. Kirkland Laing!

The italics clarified it, thanks. Any way you a good guy and we aint fightin but I got a Masters in INt'l Finance from Thunderbird (AZ) and I know a decent amount about it. The US has lent, spent and guaranteed $26 trillion since 2009. Deregulation has allowed all kinds of abuse. Black pools, default swaps, collateralized debt obligations, all sorts of shenanigans, and the criminals who pulled this off are now expected (hahaha) to solve it? Thats asking the fox to guard the henhouse. The same people who in 2007 "didnt see it coming" are now being trusted to tell us what is happening now What a joke. YOu really believe the company line/the govt line that there is a recovery and we are out of the recession since June of 09? Hahaha---you believe there is only 7% unemployment? More like 24%---see the problem with believeing govt accounting figures is that they fudge the figures, manipulate the data laft and right shamelessly.

Now food and fule are not being counted in the CPI index? Not part of inflation huh? hmmm? How convenient. Thats how they can claim there is no inflation. With all those dollars printed out of nothing, backed by nothing, producing nothing, creating no productive capacity, only encouraging more consumer spending........how is there no inflation? You believe them too much. They are liars, they have always been and always will be. Its all coming down shortly Laing. The whole CHARADE. peace bro

You don't even understand basic stuff about bonds that's covered in high school economics lessons. Are you going to give me an actual date by which you guarantee the US economy will be in a FIERY DEATH SPIRAL?

[brocktonblockbust]

I don't understand. I'm Kirkland Laing. Kirkland Laing!

The italics clarified it, thanks. Any way you a good guy and we aint fightin but I got a Masters in INt'l Finance from Thunderbird (AZ) and I know a decent amount about it. The US has lent, spent and guaranteed $26 trillion since 2009. Deregulation has allowed all kinds of abuse. Black pools, default swaps, collateralized debt obligations, all sorts of shenanigans, and the criminals who pulled this off are now expected (hahaha) to solve it? Thats asking the fox to guard the henhouse. The same people who in 2007 "didnt see it coming" are now being trusted to tell us what is happening now What a joke. YOu really believe the company line/the govt line that there is a recovery and we are out of the recession since June of 09? Hahaha---you believe there is only 7% unemployment? More like 24%---see the problem with believeing govt accounting figures is that they fudge the figures, manipulate the data laft and right shamelessly.

Now food and fule are not being counted in the CPI index? Not part of inflation huh? hmmm? How convenient. Thats how they can claim there is no inflation. With all those dollars printed out of nothing, backed by nothing, producing nothing, creating no productive capacity, only encouraging more consumer spending........how is there no inflation? You believe them too much. They are liars, they have always been and always will be. Its all coming down shortly Laing. The whole CHARADE. peace bro

You don't even understand basic stuff about bonds that's covered in high school economics lessons. Are you going to give me an actual date by which you guarantee the US economy will be in a FIERY DEATH SPIRAL?

no I will not go back and forth with you like Lyle has done. Want to know why? Because you have no respect. I didnt tell you anything like you dont know basic things or make any judgemental statements to you personally. But I see here you have done that in replying to me. I make it a rule to not debate a person who takes it to the insulting or personal level. My advice to you bro: it aint always what you say but HOW you say it. Ciao.

[brocktonblockbust]

[Kirkland Laing]

I'm not insulting you. I'm just making a basic statement of fact. US bonds are not issued by the Fed, they're issued by the Treasury. If you don't know stuff like that you won't even pass high school economics 101. That's just a simple fact, not an insult at all. Trust me, if I insulted you you'd know all about it. I'm absolutely elite world class at taking the piss out of people and hurting their feelings and I don't do it because I don't want to get banned.

My advice to you is to read a wide variety of sources about the economy and the financial system. If you're just going to read/watch/listen to the nutjobs who've been wrongly predicting FIERY DEATH SPIRALS for five years now you're going to continue to be wrong. If you read other sources for a year or three you'll understand that it isn't a conspiracy that we use core inflation to measure inflation, why food and fuel aren't counted, why we don't have inflation despite printing so much money and so on. I already explained these points endlessly over the years, I can remember some months ago explaining to you about how we count inflation the way we do. If you're going to argue about this stuff you should know the absolute basic, Janet and John high school level stuff at least. And if you're going to insist on the FIERY DEATH SPIRAL you should at least come up with a definitive date when it's going to happen.

[brocktonblockbust]

OK we're cool on the perceived insult thing. Ill give you that .... Now......

you're missing the main points... its pedantic to keep hammering about the Fed/Treasury thing OK fine, I stated it backwards....but that aint the point my friend.

YOunever address the MAIN POINT which is this whole thing is a shell game. Do you understand what I mean by that?

[killersheep]

OK we're cool on the perceived insult thing. Ill give you that .... Now......

you're missing the main points... its pedantic to keep hammering about the Fed/Treasury thing OK fine, I stated it backwards....but that aint the point my friend.

YOunever address the MAIN POINT which is this whole thing is a shell game. Do you understand what I mean by that?

So the shell game is who issues the bonds?
I'm fairly certain Mr. Laing has debunked EVERYTHING you have posited.
The strange thing is in my industry there are a fair number of people with various degrees from Thunderbird, they understand these basics a lot better and never quote hacks on youtube as
evidence for anything.

Also I have to track the gold markets everyday as it is part of my supply chain. It's been obvious to me that gold was not going to maintain it's meteoric rise in value, despite what gold salesmen would say.
Here's a chart of GLD an ETF that tracks gold prices (multiply by 10 to get the value)

If your logic (and the crux of your argument) is that the rise of gold price
is representative of a loss of value in the dollar, than the inverse must also
be true right?

And gold has lost roughly 30% of it's value from it's peak.

SPDR Gold Trust ETF Chart - Yahoo! Finance

[Kirkland Laing]

OK we're cool on the perceived insult thing. Ill give you that .... Now......

you're missing the main points... its pedantic to keep hammering about the Fed/Treasury thing OK fine, I stated it backwards....but that aint the point my friend.

YOunever address the MAIN POINT which is this whole thing is a shell game. Do you understand what I mean by that?

Explain to me exactly what you mean by "shell game".