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serf
Senior Member
   
1880 Posts |
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GONESHOOTING
Senior Member
   
USA
2342 Posts |
Posted - 12/11/2012 : 7:38:25 PM
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The downward spiral is continuing.
More democrap voters for the next election!
This country is rotting from the inside out |
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/11/2012 : 11:18:00 PM
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quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement. |
"Tax evasion is illegal; tax avoidance is an art form" |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 09:20:29 AM
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Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 10:38:01 AM
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quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post? |
"Tax evasion is illegal; tax avoidance is an art form" |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 10:45:20 AM
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You cannot believe the numbers anymore as a trust of value anymore so your nick picking of my erroneous summation means little in value in the end. I hope that is clear enough statement for you if not,too bad.A trillion here and trillion there is only the ball under the cup.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post?
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 10:51:07 AM
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quote: Originally posted by serf
You cannot believe the numbers anymore as a trust of value anymore so your nick picking of my erroneous summation means little in value in the end. I hope that is clear enough statement for you if not,too bad.A trillion here and trillion there is only the ball under the cup.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post?
The problem is that your entire statement about the original post was wrong, and you probably still don't understand why.
It's little wonder you believe so many alarmist theories when you clearly don't understand what they even say. |
"Tax evasion is illegal; tax avoidance is an art form" |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 11:56:21 AM
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The Federal Reserve is buying it's own bonds now,about 90% and foreign buyers are selling and buying real assets.It's you who doesn't understand not me.You just don't like the 4 trillion assets being on the second pair of books of ghost assets which by the way is the American Taxpayer! The Federal reserve is a Ponzi scheme !
serf
http://www.usatoday.com/story/money/business/2012/12/11/fed-buying-bonds/1761223/
Under that initiative, the Fed, since 2011, has been buying $45 billion a month in long-term Treasuries and selling the same amount in short-term Treasury notes on the open market.
That plan had helped keep the size of the Fed's holdings of Treasuries stable. But the Fed's holdings of short-term Treasuries are too low to renew that program. Instead, most economists expect the central bank to continue buying $45 billion a month in long-term Treasuries without a similar-size sale of short-term Treasury notes.
That means the size of the Fed's portfolio of Treasury securities would balloon, pumping money into the economy faster and providing a larger stimulus, St. Louis Fed President James Bullard recently noted. It also poses a greater risk of the Fed increasing inflation pressures. Why? If there isn't enough demand for the long-term bonds the Fed has purchased once economic growth is stronger, it will have to sell them at higher yields.
quote: Originally posted by dlrjj
quote: Originally posted by serf
You cannot believe the numbers anymore as a trust of value anymore so your nick picking of my erroneous summation means little in value in the end. I hope that is clear enough statement for you if not,too bad.A trillion here and trillion there is only the ball under the cup.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post?
The problem is that your entire statement about the original post was wrong, and you probably still don't understand why.
It's little wonder you believe so many alarmist theories when you clearly don't understand what they even say.
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 12:09:31 PM
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quote: Originally posted by serf
The Federal Reserve is buying it's own bonds now,about 90% and foreign buyers are selling and buying real assets.It's you who doesn't understand not me.You just don't like the 4 trillion assets being on the second pair of books of ghost assets which by the way is the American Taxpayer! The Federal reserve is a Ponzi scheme !
serf
http://www.usatoday.com/story/money/business/2012/12/11/fed-buying-bonds/1761223/
Under that initiative, the Fed, since 2011, has been buying $45 billion a month in long-term Treasuries and selling the same amount in short-term Treasury notes on the open market.
That plan had helped keep the size of the Fed's holdings of Treasuries stable. But the Fed's holdings of short-term Treasuries are too low to renew that program. Instead, most economists expect the central bank to continue buying $45 billion a month in long-term Treasuries without a similar-size sale of short-term Treasury notes.
That means the size of the Fed's portfolio of Treasury securities would balloon, pumping money into the economy faster and providing a larger stimulus, St. Louis Fed President James Bullard recently noted. It also poses a greater risk of the Fed increasing inflation pressures. Why? If there isn't enough demand for the long-term bonds the Fed has purchased once economic growth is stronger, it will have to sell them at higher yields.
quote: Originally posted by dlrjj
quote: Originally posted by serf
You cannot believe the numbers anymore as a trust of value anymore so your nick picking of my erroneous summation means little in value in the end. I hope that is clear enough statement for you if not,too bad.A trillion here and trillion there is only the ball under the cup.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post?
The problem is that your entire statement about the original post was wrong, and you probably still don't understand why.
It's little wonder you believe so many alarmist theories when you clearly don't understand what they even say.
But it's not a "new" 4 trillion, now is it, it's simply a continuation of a program that has been going on for some period of time already. Part of it is only a rollover of short term/long term bonds for the purpose of reducing the active interest rate.
Perhaps you could repost the 2007 2nd amendment survey also.
Try to actually figure out what something says once before you post your Chicken Little "information".
How is it a "ghost asset" when the Fed makes a very public announcement of their clear intent and method?
Some "ghost". |
"Tax evasion is illegal; tax avoidance is an art form" |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 12:59:31 PM
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It's a ghost asset when there will be no value when cashing in! Other than besieging our 401k's and any other account they can freeze to float the crap game their playing.
Clear intent and being public doesn't carry one red cent of copper to me,you just don't get it and never will.
By the way the last article says the twist action is over for their is no short term bonds left to buy Buster! The gig is just about over for The US dollar,soon!
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
The Federal Reserve is buying it's own bonds now,about 90% and foreign buyers are selling and buying real assets.It's you who doesn't understand not me.You just don't like the 4 trillion assets being on the second pair of books of ghost assets which by the way is the American Taxpayer! The Federal reserve is a Ponzi scheme !
serf
http://www.usatoday.com/story/money/business/2012/12/11/fed-buying-bonds/1761223/
Under that initiative, the Fed, since 2011, has been buying $45 billion a month in long-term Treasuries and selling the same amount in short-term Treasury notes on the open market.
That plan had helped keep the size of the Fed's holdings of Treasuries stable. But the Fed's holdings of short-term Treasuries are too low to renew that program. Instead, most economists expect the central bank to continue buying $45 billion a month in long-term Treasuries without a similar-size sale of short-term Treasury notes.
That means the size of the Fed's portfolio of Treasury securities would balloon, pumping money into the economy faster and providing a larger stimulus, St. Louis Fed President James Bullard recently noted. It also poses a greater risk of the Fed increasing inflation pressures. Why? If there isn't enough demand for the long-term bonds the Fed has purchased once economic growth is stronger, it will have to sell them at higher yields.
quote: Originally posted by dlrjj
quote: Originally posted by serf
You cannot believe the numbers anymore as a trust of value anymore so your nick picking of my erroneous summation means little in value in the end. I hope that is clear enough statement for you if not,too bad.A trillion here and trillion there is only the ball under the cup.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
Don't worry with all the backroom creditor default swaps deals in Switzerland,four trillion more sounds about right to service the next round of paper shuffling.Really no one knows how many + or - they can throw around in money destruction and money creation but in the end the Reserve Banks of the world is a big Ponzi scheme backed by military hardware,Science & Technology.Now if cold fusion reappears they can start the process all over again but that's a big game changer for all players! http://www.wired.co.uk/news/archive/2012-02/27/rossi-roundup
serf
http://ponziworld.blogspot.com/2012/12/that-old-black-magic.html#more Live Burial At the Hands of Voodoo Shaman Unfortunately, we know that there is no Free Lunch in this world, so by seducing us into ignoring all of these risks and allowing them to grow unchecked in the meantime, these Central Banks are merely digging us a massive hole for our convenient live burial. So while once again I feel that familiar temptation to yield to the seduction of the moment by forgetting all facts and and data and sticking my head up my own ass; this time we have too many scars and know too much, not to realize it's just that same old black magic tempting us one last time...
quote: Originally posted by dlrjj
quote: Originally posted by serf
More reasons to get Obama relected,this guy is a masterful trick politician even could be better Than Dick Nixon in 1970's but then I think it's all those minions party leaders giving him advice!
Update,The Federal reserve is going to pump in four trillion into the economy starting this afternoon! http://is.gd/yBtaQQ serf
http://frontpagemag.com/2012/dgreenfield/73-of-new-jobs-in-last-5-months-are-in-government/
You might wish to read that article again, then repost your statement.
And all of that has what to do with your original post?
The problem is that your entire statement about the original post was wrong, and you probably still don't understand why.
It's little wonder you believe so many alarmist theories when you clearly don't understand what they even say.
But it's not a "new" 4 trillion, now is it, it's simply a continuation of a program that has been going on for some period of time already. Part of it is only a rollover of short term/long term bonds for the purpose of reducing the active interest rate.
Perhaps you could repost the 2007 2nd amendment survey also.
Try to actually figure out what something says once before you post your Chicken Little "information".
How is it a "ghost asset" when the Fed makes a very public announcement of their clear intent and method?
Some "ghost".
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Edited by - serf on 12/12/2012 1:10:19 PM |
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ElMuertoMonkey
Advanced Member
    
25406 Posts |
Posted - 12/12/2012 : 1:57:24 PM
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Uh... the source for this is "Weasel Zippers", a blog known for making sensationalistic and false claims.
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 2:38:10 PM
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Here's YOUR original statement serf;
Update, The Federal reserve is going to pump in four trillion into the economy starting this afternoon!
Now, just which part of that statement is even close to being correct?
It's not 4 trillion in new funny money, and it didn't start that day.
About as accurate as your talk of a 2nd set of books, with the implication that they are secret, when the Fed is making quite open claims about what they are going to do.
It's great to think the process is insanity, and I would agree with that, but open declarations are hardly secret actions.
Even when you don't agree with something, it pays to be accurate with your accusations if you wish to make a cogent argument.
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"Tax evasion is illegal; tax avoidance is an art form" |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 3:41:40 PM
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The stimulus is open ended until America unemployment rates reaches 6.5 percent.Now who's numbers are used for inflation here in the USA or for Unemployment?
Well it's the government's cooked formulas that do the calculations!All their number are skewed to favor their results to give to the public.It's all smoke and mirrors as America falls further into a depression.
serf
http://www.duanestorey.com/finance/the-real-inflation-rate/
One of the tricks the CPI formula uses to keep the metric low is to remove food and energy from the CPI. Their reasoning for doing so is because food and energy are too volatile (they change too much and too often), and would skew the numbers on a month-to-month basis. Unfortunately, since food and energy consume a large portion of most family’s disposable income, the removal of those items from the CPI limits its usefulness in tracking price inflation.
Another method they use is called Hedonics. If the price of a car increases by 20% year over year, but the new car is slightly more fuel efficient, then often they’ll skew the numbers lower to try and take that into account. It doesn’t matter that from the perspective of the typical consumer that the actual price of a car is greater year over year, it only matters than the car now does more so in that case it wouldn’t increase the CPI much.
Yet another trick they use is to assume that people will stop buying items as they become expensive, and buy cheaper items instead. For example, if a family is used to eating prime-rib twice a week, eventually they’ll switch to eating exclusively hamburger if the price of prime-rib goes up too much. From a CPI perspective, the value wouldn’t change very much due to rising prices of prime-rib, since it’s assumed people would just switch to hamburger.
Real Unemployment Rate 14.6 Percent in October??
http://www.forbes.com/sites/peterferrara/2012/10/11/obamas-real-unemployment-rate-is-14-7-and-a-recessions-on-the-way/
Indeed, the working age population has increased by 8.4 million since President Obama entered office. With the same labor force participation as on Inauguration Day in January, 2009 (which would be closer to a real recovery), that would require 5.5 million new jobs just to keep up with the aforementioned population growth. But a generous reading of the data is that during President Obama’s entire term in office, a grand total of only 787,000 jobs have been created overall on net. And all of that net growth came in the last month. As of August, 2012, the economy was still suffering a net loss of jobs during Obama’s entire Presidency up to that point.
quote: Originally posted by dlrjj
Here's YOUR original statement serf;
Update, The Federal reserve is going to pump in four trillion into the economy starting this afternoon!
Now, just which part of that statement is even close to being correct?
It's not 4 trillion in new funny money, and it didn't start that day.
About as accurate as your talk of a 2nd set of books, with the implication that they are secret, when the Fed is making quite open claims about what they are going to do.
It's great to think the process is insanity, and I would agree with that, but open declarations are hardly secret actions.
Even when you don't agree with something, it pays to be accurate with your accusations if you wish to make a cogent argument.
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 5:09:51 PM
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quote: Originally posted by serf
The stimulus is open ended until America unemployment rates reaches 6.5 percent.Now who's numbers are used for inflation here in the USA or for Unemployment?
Well it's the government's cooked formulas that do the calculations!All their number are skewed to favor their results to give to the public.It's all smoke and mirrors as America falls further into a depression.
serf
http://www.duanestorey.com/finance/the-real-inflation-rate/
One of the tricks the CPI formula uses to keep the metric low is to remove food and energy from the CPI. Their reasoning for doing so is because food and energy are too volatile (they change too much and too often), and would skew the numbers on a month-to-month basis. Unfortunately, since food and energy consume a large portion of most family’s disposable income, the removal of those items from the CPI limits its usefulness in tracking price inflation.
Another method they use is called Hedonics. If the price of a car increases by 20% year over year, but the new car is slightly more fuel efficient, then often they’ll skew the numbers lower to try and take that into account. It doesn’t matter that from the perspective of the typical consumer that the actual price of a car is greater year over year, it only matters than the car now does more so in that case it wouldn’t increase the CPI much.
Yet another trick they use is to assume that people will stop buying items as they become expensive, and buy cheaper items instead. For example, if a family is used to eating prime-rib twice a week, eventually they’ll switch to eating exclusively hamburger if the price of prime-rib goes up too much. From a CPI perspective, the value wouldn’t change very much due to rising prices of prime-rib, since it’s assumed people would just switch to hamburger.
Real Unemployment Rate 14.6 Percent in October??
http://www.forbes.com/sites/peterferrara/2012/10/11/obamas-real-unemployment-rate-is-14-7-and-a-recessions-on-the-way/
Indeed, the working age population has increased by 8.4 million since President Obama entered office. With the same labor force participation as on Inauguration Day in January, 2009 (which would be closer to a real recovery), that would require 5.5 million new jobs just to keep up with the aforementioned population growth. But a generous reading of the data is that during President Obama’s entire term in office, a grand total of only 787,000 jobs have been created overall on net. And all of that net growth came in the last month. As of August, 2012, the economy was still suffering a net loss of jobs during Obama’s entire Presidency up to that point.
quote: Originally posted by dlrjj
Here's YOUR original statement serf;
Update, The Federal reserve is going to pump in four trillion into the economy starting this afternoon!
Now, just which part of that statement is even close to being correct?
It's not 4 trillion in new funny money, and it didn't start that day.
About as accurate as your talk of a 2nd set of books, with the implication that they are secret, when the Fed is making quite open claims about what they are going to do.
It's great to think the process is insanity, and I would agree with that, but open declarations are hardly secret actions.
Even when you don't agree with something, it pays to be accurate with your accusations if you wish to make a cogent argument.
And all of that has just what relation to your incorrectly claimed assertion that a "new" 4 trillion was going to be spent starting the next day - based upon the article linked?
Specious BS does not correct statements that were completely wrong in the first place.
You can't escape the fact that YOUR original statement was pure BS.
BTW, the "linked" CPI concept is completely true, due to both the "change in the price of a substitute" and the "ability to pay" factors involved in the "Demand" function of Economics. It is not currently used for much, but should be used for most CPI related evaluations, but is being blocked by the Democrats.
Economics is an interesting subject, and quite informative relative to the predictability of financial behavior. |
"Tax evasion is illegal; tax avoidance is an art form" |
Edited by - dlrjj on 12/12/2012 5:29:02 PM |
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serf
Senior Member
   
1880 Posts |
Posted - 12/12/2012 : 5:53:55 PM
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How's that? If their buying 85 billion a month (Federal Reserve) in a year it would be 1 TRILLION right? In four years time 2016 it would be 4 trillion. In Any case you harping on my statement is just a way to try to discredit my opinion of how screwed up the Fractional banking system really is world wide.
It's not working dlrjj and Fiat fractional banking is going to collapse soon enough. Entitlements either get cut with high Taxes or inflation kicks in or probably all three,the perfect storm is coming.There will be a revolt against The Federal Reserve,it will cease to exist.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
The stimulus is open ended until America unemployment rates reaches 6.5 percent.Now who's numbers are used for inflation here in the USA or for Unemployment?
Well it's the government's cooked formulas that do the calculations!All their number are skewed to favor their results to give to the public.It's all smoke and mirrors as America falls further into a depression.
serf
http://www.duanestorey.com/finance/the-real-inflation-rate/
One of the tricks the CPI formula uses to keep the metric low is to remove food and energy from the CPI. Their reasoning for doing so is because food and energy are too volatile (they change too much and too often), and would skew the numbers on a month-to-month basis. Unfortunately, since food and energy consume a large portion of most family’s disposable income, the removal of those items from the CPI limits its usefulness in tracking price inflation.
Another method they use is called Hedonics. If the price of a car increases by 20% year over year, but the new car is slightly more fuel efficient, then often they’ll skew the numbers lower to try and take that into account. It doesn’t matter that from the perspective of the typical consumer that the actual price of a car is greater year over year, it only matters than the car now does more so in that case it wouldn’t increase the CPI much.
Yet another trick they use is to assume that people will stop buying items as they become expensive, and buy cheaper items instead. For example, if a family is used to eating prime-rib twice a week, eventually they’ll switch to eating exclusively hamburger if the price of prime-rib goes up too much. From a CPI perspective, the value wouldn’t change very much due to rising prices of prime-rib, since it’s assumed people would just switch to hamburger.
Real Unemployment Rate 14.6 Percent in October??
http://www.forbes.com/sites/peterferrara/2012/10/11/obamas-real-unemployment-rate-is-14-7-and-a-recessions-on-the-way/
Indeed, the working age population has increased by 8.4 million since President Obama entered office. With the same labor force participation as on Inauguration Day in January, 2009 (which would be closer to a real recovery), that would require 5.5 million new jobs just to keep up with the aforementioned population growth. But a generous reading of the data is that during President Obama’s entire term in office, a grand total of only 787,000 jobs have been created overall on net. And all of that net growth came in the last month. As of August, 2012, the economy was still suffering a net loss of jobs during Obama’s entire Presidency up to that point.
quote: Originally posted by dlrjj
Here's YOUR original statement serf;
Update, The Federal reserve is going to pump in four trillion into the economy starting this afternoon!
Now, just which part of that statement is even close to being correct?
It's not 4 trillion in new funny money, and it didn't start that day.
About as accurate as your talk of a 2nd set of books, with the implication that they are secret, when the Fed is making quite open claims about what they are going to do.
It's great to think the process is insanity, and I would agree with that, but open declarations are hardly secret actions.
Even when you don't agree with something, it pays to be accurate with your accusations if you wish to make a cogent argument.
And all of that has just what relation to your incorrectly claimed assertion that a "new" 4 trillion was going to be spent starting the next day - based upon the article linked?
Specious BS does not correct statements that were completely wrong in the first place.
You can't escape the fact that YOUR original statement was pure BS.
BTW, the "linked" CPI concept is completely true, due to both the "change in the price of a substitute" and the "ability to pay" factors involved in the "Demand" function of Economics. It is not currently used for much, but should be used for most CPI related evaluations, but is being blocked by the Democrats.
Economics is an interesting subject, and quite informative relative to the predictability of financial behavior.
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Edited by - serf on 12/12/2012 5:57:11 PM |
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 6:04:06 PM
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quote: Originally posted by serf
How's that? If their buying 85 billion a month (Federal Reserve) in a year it would be 1 TRILLION right? In four years time 2016 it would be 4 trillion. In Any case you harping on my statement is just a way to try to discredit my opinion of how screwed up the Fractional banking system is really is world wide.
It's not working dlrjj and Fiat fractional banking is going to collapse soon enough. Entitlements either get cut with high Taxes or inflation kicks in or probably all three The perfect storm is coming.There will be a revolt against The Federal Reserve,it will cease to exist.
serf
quote: Originally posted by dlrjj
quote: Originally posted by serf
The stimulus is open ended until America unemployment rates reaches 6.5 percent.Now who's numbers are used for inflation here in the USA or for Unemployment?
Well it's the government's cooked formulas that do the calculations!All their number are skewed to favor their results to give to the public.It's all smoke and mirrors as America falls further into a depression.
serf
http://www.duanestorey.com/finance/the-real-inflation-rate/
One of the tricks the CPI formula uses to keep the metric low is to remove food and energy from the CPI. Their reasoning for doing so is because food and energy are too volatile (they change too much and too often), and would skew the numbers on a month-to-month basis. Unfortunately, since food and energy consume a large portion of most family’s disposable income, the removal of those items from the CPI limits its usefulness in tracking price inflation.
Another method they use is called Hedonics. If the price of a car increases by 20% year over year, but the new car is slightly more fuel efficient, then often they’ll skew the numbers lower to try and take that into account. It doesn’t matter that from the perspective of the typical consumer that the actual price of a car is greater year over year, it only matters than the car now does more so in that case it wouldn’t increase the CPI much.
Yet another trick they use is to assume that people will stop buying items as they become expensive, and buy cheaper items instead. For example, if a family is used to eating prime-rib twice a week, eventually they’ll switch to eating exclusively hamburger if the price of prime-rib goes up too much. From a CPI perspective, the value wouldn’t change very much due to rising prices of prime-rib, since it’s assumed people would just switch to hamburger.
Real Unemployment Rate 14.6 Percent in October??
http://www.forbes.com/sites/peterferrara/2012/10/11/obamas-real-unemployment-rate-is-14-7-and-a-recessions-on-the-way/
Indeed, the working age population has increased by 8.4 million since President Obama entered office. With the same labor force participation as on Inauguration Day in January, 2009 (which would be closer to a real recovery), that would require 5.5 million new jobs just to keep up with the aforementioned population growth. But a generous reading of the data is that during President Obama’s entire term in office, a grand total of only 787,000 jobs have been created overall on net. And all of that net growth came in the last month. As of August, 2012, the economy was still suffering a net loss of jobs during Obama’s entire Presidency up to that point.
quote: Originally posted by dlrjj
Here's YOUR original statement serf;
Update, The Federal reserve is going to pump in four trillion into the economy starting this afternoon!
Now, just which part of that statement is even close to being correct?
It's not 4 trillion in new funny money, and it didn't start that day.
About as accurate as your talk of a 2nd set of books, with the implication that they are secret, when the Fed is making quite open claims about what they are going to do.
It's great to think the process is insanity, and I would agree with that, but open declarations are hardly secret actions.
Even when you don't agree with something, it pays to be accurate with your accusations if you wish to make a cogent argument.
And all of that has just what relation to your incorrectly claimed assertion that a "new" 4 trillion was going to be spent starting the next day - based upon the article linked?
Specious BS does not correct statements that were completely wrong in the first place.
You can't escape the fact that YOUR original statement was pure BS.
BTW, the "linked" CPI concept is completely true, due to both the "change in the price of a substitute" and the "ability to pay" factors involved in the "Demand" function of Economics. It is not currently used for much, but should be used for most CPI related evaluations, but is being blocked by the Democrats.
Economics is an interesting subject, and quite informative relative to the predictability of financial behavior.
Yep, and if they did it for 50 years, it would be even more. If they continued for another 175 3/8ths years it would be even more. I suspect that by the next millennium it might be even more.
It still would not make your original claims correct - based on your own article.
I suggested you reread and correct, but that you wouldn't do.
It was YOUR assertions, YOUR link, and YOUR errors - and now YOUR evasion.
Pretty much the way BHO blames everybody but the right guy, isn't it?
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"Tax evasion is illegal; tax avoidance is an art form" |
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dlrjj
Advanced Member
    
8660 Posts |
Posted - 12/12/2012 : 6:13:49 PM
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BTW serf, fractional banking has been around since the dawn of time - in banking terms.
It will never go away, though it can be modified.
It is simply the process of a bank loaning out some of its deposits, and the known result that some of them will eventually end up back in the banks, where they will be loaned again.
The only real question is how much "reserve" will be kept in the bank, and who will determine that.
Remember the movie "It's a Wonderful Life"? It was a Savings and Loan, not a bank, but the same problem was the cause of the "run" you saw toward the end.
No bank holds all of their deposits in the bank, or they couldn't pay any interest to anyone, nor be able to cover the cost of the building and employees.
Perhaps you feel that they should hold your money and provide you with a checking account for free just to help you out? |
"Tax evasion is illegal; tax avoidance is an art form" |
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