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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Stonehenge]
#22436269 - 10/26/15 02:31 PM (8 years, 3 months ago) |
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Quote:
Stonehenge said: Taxes are a big reason why companies are offshoring. Its not the only reason but its a biggie. Why do you think google is headquartered in another country, Ireland I think? Its not for the cheap labor its because of taxes. Same for many others.
Google is headquartered in Mountain View, California ... not Ireland.
It's European operations are based out of Ireland partly because of the low (12.5 I think?) corporate tax but also because Dublin has a strong IT based workforce to recruit from and, of course, English. When you over simplify these claims on complex topics, it kills your credibility.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
Edited by KauaiOrca (10/26/15 02:34 PM)
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Falcon91Wolvrn03
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22436291 - 10/26/15 02:36 PM (8 years, 3 months ago) |
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amp244 said: And to Falcon, I don't think you know very much about Quantitative Easing, which they have been "tapering" off of for some time now.
I believe I am well versed in both the Federal Reserve and quantitative easing, but if you see a hole in my logic, feel free to debate me about the specifics (as opposed to 'you don't know much').
Quote:
amp244 said: Secondly the great depression happened just under 20 years after the Federal Reserve took over, so I don't understand your "the alternative is a great depression" statement.
I'm talking about the depression that was avoided in 2008. Bernanke studied the first Great Depression in depth, and helped prevent another from happening.
Quote:
amp244 said: Thirdly, when you say that the target rate of inflation is 3%, you are speaking about inflation as measured by the CPI.
That's correct.
Quote:
amp244 said: Consumer prices are one aspect of the overall economy. All of this inflation that I am speaking of is creating massive asset bubbles that will pop. And when that happens, then you will see all the backed up inflation reflected in the CPI.
Which bubbles you are specifically referring to?
Quote:
amp244 said: Lastly, the Federal Reserve is run by the Mega Banks. To say that the problem is the mega institutions and not the Fed is contradictory.
I'll source that one so I don't get called out. From the Federal Reserve's own webpage: http://www.federalreserve.gov/faqs/about_14986.htm
"The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year."
Well look at that, they even get 6% dividends every year!
I'll call you out on it anyway. From your own link:
Quote:
The Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute. Therefore, the Federal Reserve can be more accurately described as "independent within the government" rather than "independent of government."
Quote:
amp244 said: I think we need to return to a gold standard at some point. BBW, the economy is supposed to have bear and bull markets. There are supposed to be correction periods, these frequent and small downturns keep the gigantic ones from happening. With current economic policy, the day must be saved by printing more money, because the guys before fucked shit up so bad saving the day printing more money. If the bubble were to pop today all hell would break loose, so they print in an effort to create pseudo-demand. People fail to see that the long term effects of printing that money today will amplify the same problem and simply push it further down the road. You are trading future cataclysm for a little temporary relief. I take moral exception to this ideology.
I agree, but rather than just accepting boom and bust cycles, I'd rather we pass laws that prevent crisis from happening in the first place, like Glass-Steagall.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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qman
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Falcon91Wolvrn03]
#22436385 - 10/26/15 03:05 PM (8 years, 3 months ago) |
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So bailing out the banks prevented a economic depression, or a depression for people that held those assets? They scared people into the bailout, guess what, we would all still here today regardless.
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436399 - 10/26/15 03:09 PM (8 years, 3 months ago) |
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qman said: So bailing out the banks prevented a economic depression, or a depression for people that held those assets? They scared people into the bailout, guess what, we would all still here today regardless.
Bernanke has admitted that 12 of America's largest financial institutions were literally days away from insolvency. He said the situation was much worse than the public was ever told to try and avert a full blown bank run panic.
He was certainly in a position to know ... Whether or not we needed 3 rounds of QE and ZIRP for 5 years now is a good question, but in terms of TARP and the big infusion of back door funds the FED pumped in, I think that is clear ... without it, much worse economic drop and tougher recovery.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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qman
Stranger

Registered: 12/06/06
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22436406 - 10/26/15 03:12 PM (8 years, 3 months ago) |
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KauaiOrca said:
Quote:
qman said: So bailing out the banks prevented a economic depression, or a depression for people that held those assets? They scared people into the bailout, guess what, we would all still here today regardless.
Bernanke has admitted that 12 of America's largest financial institutions were literally days away from insolvency. He said the situation was much worse than the public was ever told to try and avert a full blown bank run panic.
He was certainly in a position to know ... Whether or not we needed 3 rounds of QE and ZIRP for 5 years now is a good question, but in terms of TARP and the big infusion of back door funds the FED pumped in, I think that is clear ... without it, much worse economic drop and tougher recovery.
So insolvency and bankruptcy can't happen anymore? So be it, we have set a horrible precedent that people like Fal will complain about in the years ahead.
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Falcon91Wolvrn03]
#22436407 - 10/26/15 03:12 PM (8 years, 3 months ago) |
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Quote:
Falcon91Wolvrn03 said:
Quote:
amp244 said: And to Falcon, I don't think you know very much about Quantitative Easing, which they have been "tapering" off of for some time now.
I believe I am well versed in both the Federal Reserve and quantitative easing, but if you see a hole in my logic, feel free to debate me about the specifics (as opposed to 'you don't know much').
Quote:
amp244 said: Secondly the great depression happened just under 20 years after the Federal Reserve took over, so I don't understand your "the alternative is a great depression" statement.
I'm talking about the depression that was avoided in 2008. Bernanke studied the first Great Depression in depth, and helped prevent another from happening.
Quote:
amp244 said: Thirdly, when you say that the target rate of inflation is 3%, you are speaking about inflation as measured by the CPI.
That's correct.
Quote:
amp244 said: Consumer prices are one aspect of the overall economy. All of this inflation that I am speaking of is creating massive asset bubbles that will pop. And when that happens, then you will see all the backed up inflation reflected in the CPI.
Which bubbles you are specifically referring to?
Quote:
amp244 said: Lastly, the Federal Reserve is run by the Mega Banks. To say that the problem is the mega institutions and not the Fed is contradictory.
I'll source that one so I don't get called out. From the Federal Reserve's own webpage: http://www.federalreserve.gov/faqs/about_14986.htm
"The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year."
Well look at that, they even get 6% dividends every year!
I'll call you out on it anyway. From your own link:
Quote:
The Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute. Therefore, the Federal Reserve can be more accurately described as "independent within the government" rather than "independent of government."
Quote:
amp244 said: I think we need to return to a gold standard at some point. BBW, the economy is supposed to have bear and bull markets. There are supposed to be correction periods, these frequent and small downturns keep the gigantic ones from happening. With current economic policy, the day must be saved by printing more money, because the guys before fucked shit up so bad saving the day printing more money. If the bubble were to pop today all hell would break loose, so they print in an effort to create pseudo-demand. People fail to see that the long term effects of printing that money today will amplify the same problem and simply push it further down the road. You are trading future cataclysm for a little temporary relief. I take moral exception to this ideology.
I agree, but rather than just accepting boom and bust cycles, I'd rather we pass laws that prevent crisis from happening in the first place, like Glass-Steagall.
Oh god where do I start with this one...
I knew you would pull the whole government oversight card that is so typically pulled. Let me show you something:
The inspector general for the federal reserve sure does a great job of oversight. Congress sure knows whats going on as a result, right? Good thing they aren't privately owned and operated, and that we have this oversight board that keeps congress cued in on everything...
Here's another one where they try to get information out of the Federal Reserve General Counsel
This shit is like pulling teeth. And you think that this is sufficient for you to conclude that the Federal Reserve is "Independent within government"?
Also with regard to QE. The policy is designed to specifically purchase solely Treasury Securities and mortgage-backed securities. So I don't know where you conjured up the assertion that these banks were free to invest money anyway they so chose. Not even the Fed could get away with something so ridiculous.
The assets I'm talking about are of various types. The grossly overvalued NYSE is a good place to start.
Glass Steagall should have never been repealed. Talking heads and Harvard professors like Lawrence Summers, who are so typically referred to as "brilliant", were behind its dismantling. Larry Summers was the Secretary of the Treasury during the Clinton and early Bush years, after working for world bank. He later was the Director of Economic Council to Obama, where he was a chief economic decision maker. He was instrumental in breaking up Glass Steagall, as well as the deregulation of the derivatives market, by testifying that his banker friends could better regulate it themselves. How could Obama have overlooked these blemishes, being that Obama really wants to limit the income disparity and all?
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436442 - 10/26/15 03:19 PM (8 years, 3 months ago) |
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Quote:
qman said:
Quote:
KauaiOrca said:
Quote:
qman said: So bailing out the banks prevented a economic depression, or a depression for people that held those assets? They scared people into the bailout, guess what, we would all still here today regardless.
Bernanke has admitted that 12 of America's largest financial institutions were literally days away from insolvency. He said the situation was much worse than the public was ever told to try and avert a full blown bank run panic.
He was certainly in a position to know ... Whether or not we needed 3 rounds of QE and ZIRP for 5 years now is a good question, but in terms of TARP and the big infusion of back door funds the FED pumped in, I think that is clear ... without it, much worse economic drop and tougher recovery.
So insolvency and bankruptcy can't happen anymore? So be it, we have set a horrible precedent that people like Fal will complain about in the years ahead.
There were many things that could have and should have been done after TARP was approved ... For instance:
1. Revisit a modern version of Glass Steagall 2. Break up the banks into smaller units 3. Prosecute executives that were part of all the fraud 4. Place serious speed limits on HFT 5. More leverage restrictions with derivatives
For starters.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22436443 - 10/26/15 03:19 PM (8 years, 3 months ago) |
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Quote:
KauaiOrca said:
Quote:
qman said: So bailing out the banks prevented a economic depression, or a depression for people that held those assets? They scared people into the bailout, guess what, we would all still here today regardless.
Bernanke has admitted that 12 of America's largest financial institutions were literally days away from insolvency. He said the situation was much worse than the public was ever told to try and avert a full blown bank run panic.
He was certainly in a position to know ... Whether or not we needed 3 rounds of QE and ZIRP for 5 years now is a good question, but in terms of TARP and the big infusion of back door funds the FED pumped in, I think that is clear ... without it, much worse economic drop and tougher recovery.
You are still failing to see that they are only pushing the collapse further down the road. The dollar is only losing value in these situations. Its not a matter of if it will fall on its face, its a matter of when it will fall on its face. Each time they step in and "avert disaster" they are compounding the problem which will take place at a later date. America is not unique in this situation. Many of the worlds currencies are on a crash course for disaster.
Heres another good one from Grayson (my favorite Dem by the way) explaining how the Fed really went in and did more than just save the collapsing banks. He hooked them up quite nicely. I bet you didn't know it, but the American people own the Red Roof Inn...
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
Edited by amp244 (10/26/15 03:26 PM)
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22436445 - 10/26/15 03:20 PM (8 years, 3 months ago) |
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Quote:
KauaiOrca said:
There were many things that could have and should have been done after TARP was approved ... For instance:
1. Revisit a modern version of Glass Steagall 2. Break up the banks into smaller units 3. Prosecute executives that were part of all the fraud 4. Place serious speed limits on HFT 5. More leverage restrictions with derivatives
For starters.
Agreed.
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22436447 - 10/26/15 03:20 PM (8 years, 3 months ago) |
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>Google is headquartered in Mountain View, California ... not Ireland.
That may be but their tax base is in Ireland for most of their income.
http://www.bloomberg.com/news/articles/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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qman
Stranger

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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22436450 - 10/26/15 03:21 PM (8 years, 3 months ago) |
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They bought MBS's off of the banks balance sheets which give them fresh capital to do whatever they wanted, it was suppose to be for credit extension into the general economy, we know that never happened.
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436477 - 10/26/15 03:28 PM (8 years, 3 months ago) |
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Quote:
Stonehenge said: >Google is headquartered in Mountain View, California ... not Ireland.
That may be but their tax base is in Ireland for most of their income.
http://www.bloomberg.com/news/articles/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.
The good news is, at least from what I've seen, about 65% of Google's Employees are here in the US and none of them are paid minimum wage. If we had more companies like Google we'd be better off. And, we need to crack down on these tax inversion strategies.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
Edited by KauaiOrca (10/26/15 03:29 PM)
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436481 - 10/26/15 03:29 PM (8 years, 3 months ago) |
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-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
Edited by amp244 (10/26/15 03:33 PM)
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qman
Stranger

Registered: 12/06/06
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22436494 - 10/26/15 03:32 PM (8 years, 3 months ago) |
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amp244 said: That is true of the MBS's but not the treasury bills. Either way they weren't simply granted money, they sold the MBS's, some of which have become profitable.
The got 100 cents on the dollar when in fact they were worth .50 cents, that's called getting free money for bad behavior.
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Bigbadwooof
Trumps Bone Spurs



Registered: 12/07/13
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436500 - 10/26/15 03:33 PM (8 years, 3 months ago) |
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We managed to survive the recession, but what we had to do in order to survive it is disgusting to everyone.
What we need to do is deleverage the banks. They need to be broken up, along with other too-big-to-fail businesses. If they are too big to fail, they are too big to exist, as Bernie Sanders says. Capitalism doesn't work with businesses grown to such proportions. American can't function properly when its economy is so concentrated in the hands of unelected private self-serving interests.
-------------------- "It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti FARTS "There is no need for conspiracy where interests converge" - George Carlin Every one of you should see this video. "If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy
 
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436507 - 10/26/15 03:35 PM (8 years, 3 months ago) |
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Quote:
qman said:
Quote:
amp244 said: That is true of the MBS's but not the treasury bills. Either way they weren't simply granted money, they sold the MBS's, some of which have become profitable.
The got 100 cents on the dollar when in fact they were worth .50 cents, that's called getting free money for bad behavior.
Yea I agree, I was just saying there were assets exchanged. Albeit toxic assets lol.
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: qman]
#22436528 - 10/26/15 03:40 PM (8 years, 3 months ago) |
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Quote:
qman said:
Quote:
amp244 said: That is true of the MBS's but not the treasury bills. Either way they weren't simply granted money, they sold the MBS's, some of which have become profitable.
The got 100 cents on the dollar when in fact they were worth .50 cents, that's called getting free money for bad behavior.
The real estate market had been a form of QE for the American Economy since the late 80's. An ever increasing flippers paradise creating trillions in ATM like money driving the consumer economy. That was collapsing. picture America with 20 million more mortgage defaults ... investors would have snapped up that property at bargain prices ... creating an even bigger wealth transfer to the predatory element in our economy.
It's easy to argue the FED over extended itself ... and maybe they did ... and maybe they didn't.
Ordinary Americans would not have been the people getting great deals on real estate ... keep that in mind when you argue that defaults would have been good.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22436763 - 10/26/15 04:43 PM (8 years, 3 months ago) |
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>The real estate market had been a form of QE for the American Economy since the late 80's.
You are mixing your metaphors, real estate has nothing to do with qe.
>Ordinary Americans would not have been the people getting great deals on real estate
Lots of people got good deals on real estate after the collapse, I'm one of them. Does that mean I'm something special? lol
>we need to crack down on these tax inversion strategies.
agreed
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Stonehenge]
#22436968 - 10/26/15 05:50 PM (8 years, 3 months ago) |
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Quote:
Stonehenge said:
You are mixing your metaphors, real estate has nothing to do with qe.
Decades of steadily lowering interest rates which props of real estate prices and puts a lot of lending cash into the real economy is analogous o QE ...
Low mortgage rates = higher real estate values and monetary expansion through increased lending
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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starfire_xes
I Am 'They'



Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 2 days
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22437475 - 10/26/15 07:58 PM (8 years, 3 months ago) |
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You all can forget about the dollar being backed by anything i.e gold. It's backed by a promise--'In God We Trust'
If they backed the dollar by a commodity, then politicians wouldn't be able to spend like drunken sailors in a whorehouse on friday night.
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