Professorlocknload

 
   Posted by at  Comments Off on Professorlocknload

Forum Replies Created

Viewing 40 posts - 41 through 80 (of 733 total)
  • Author
    Posts
  • in reply to: Debt Rattle November 10 2017 #36959

    Professorlocknload
    Participant

    Yes, Dr. D, from those nonproductive academics and assorted apparatchiks who live at the expense of the taxpayer, the solution is always more taxes.

    in reply to: Debt Rattle November 7 2017 #36907

    Professorlocknload
    Participant

    @zero,

    “Life is more or less a lie, but then again, that’s exactly the way we want it to be.” Bob Dylan

    in reply to: Debt Rattle November 7 2017 #36906

    Professorlocknload
    Participant

    Doesn’t Stockman understand that debt doesn’t matter? The nomenclature will simply be changed from billion and trillion to quadrillion and quintillion. Then sextillion and septillion, ad infinitum,,,

    in reply to: Nobody Called Anyone An Ignorant Slut #36760

    Professorlocknload
    Participant

    There, now, Ilargi,,,that is the stuff of some great journalism! Carry on!

    in reply to: Only China Can Restore Stability in The Global Economy #36443

    Professorlocknload
    Participant

    “The Fed has a printing press.”

    ‘Nuff said. Too soon to take cover. We haven’t even entered the “Crackup Boom” phase yet. QE4 will be a doozy.

    in reply to: What Doesn’t Janet Yellen Resign? #36153

    Professorlocknload
    Participant

    Unfortunately, honest money, in general circulation, will never be acceptable to a dishonest corporatocracy.

    in reply to: Bubble Fortunes #36011

    Professorlocknload
    Participant

    Look, the buck lost 44% of its purchasing power when Stockman and pals were at the helm of this Wurlitzer, from 1980 to 1988. So, who ya gonna call?

    in reply to: Bubble Fortunes #36010

    Professorlocknload
    Participant

    Then again, the Fed can likely guarantee it can provide how ever much money (Liquidity) it takes to keep this “Bubble” inflated for a very long time. They just can’t guarantee its future purchasing power.

    Another way of looking at it is, hey, you doubled the nominal dollar value of your stock, bond and Real Estate portfolios? Congratulations for having the foresight to not fight the Fed.

    However, given the books must ultimately balance, better figure on a 50% devaluation of those “nominal” bucks by the time the reset is complete, putting you back to square one. Of course, that’s still a better place to be than that of those who were too timid to drop their blind faith in the Fed maintaining any semblance of value in their Federal Reserve Note debt instruments, maybe?

    Unless, maybe one thinks it’s different this time, and somehow these maniacal money changers will find ethics? Good luck with that.

    in reply to: Debt Rattle September 16 2017 #35970

    Professorlocknload
    Participant

    There, now,,,nothing to be concerned about,,,,if the debt ceiling can be abolished, certainly so can the laws of gravity be, as well?

    in reply to: Debt Rattle August 30 2017 #35710

    Professorlocknload
    Participant

    Nationalize google? That would be like nationalizing the NSA, CIA or MI 6,,,oh, wait?

    in reply to: Debt Rattle August 28 2017 #35688

    Professorlocknload
    Participant

    Not to worry about Harvey. Team Fed/FEMA/Tax Payer will fix it. No risk,,,.gov has their back,,,,rebuild it all,,,,,right back in the flood plane. Janet says there will never be another hurricane in her lifetime.

    in reply to: Jackson Hole and the Appalachians #35667

    Professorlocknload
    Participant

    Instead of a radical change in the measure of “Inflation,” perhaps first we should correct the definition of it. Take the Happy Face off of it by calling it what it truly is. Devaluation of the Currency. Stealth Taxation, as it were, through a most disingenuous process.

    in reply to: Debt Rattle August 22 2017 #35586

    Professorlocknload
    Participant

    Pat,,,

    ‘It’s a cruel and random world, but the chaos is all so beautiful.’ ~Hiromu Arakawa

    ‘You must have chaos within you to give birth to a dancing star.’ ~Friedrich Nietzsche’

    “The root of suffering is resisting the certainty that no matter what the circumstances, uncertainty is all we truly have.”~ Pema Chodron.

    in reply to: Debt Rattle August 22 2017 #35585

    Professorlocknload
    Participant

    Though timing is a tough call, there, Arnold,,,us old dogs can still hope that when we finally do depart this mortal form, it might be in a blaze of glory?

    in reply to: Rogoff, Orwell and Kafka #35481

    Professorlocknload
    Participant

    As for all this cashless nonsense,,,go ahead,,,ban 100 dollar bills. We’ll simply convert to Amazon, Walmart and i Tunes gift cards and charge ’em up to whatever denomination we need to make transactions on the street. Control that! Oh, and for the seedier parts of town, BevMo! cards should carry some clout for folks that like their “45’s.” For everything else, there’s EBT cards.

    in reply to: Rogoff, Orwell and Kafka #35480

    Professorlocknload
    Participant

    Ken,Ken,Ken,,,Grandma Janet said there would be no more financial crises in our lifetime. Didn’t you get the memo??? Or are you just not a team player?

    in reply to: It’s Time To Support Your President, America #35390

    Professorlocknload
    Participant

    Hookay,,,I’ll say it again. Never fall in love with a politician. They’ll break your heart every time.

    in reply to: Macbeth, King Lear and Trump #35135

    Professorlocknload
    Participant

    Tomatoes,way too expensive,,,eggs, maybe, at 79 cents a dozen here the other day. Hell, even Molotovs if gas keeps falling?

    in reply to: Scaramouche, Scaramouche, will you do the Fandango? #35116

    Professorlocknload
    Participant

    “Life is more or less a lie, but then again, that’s exactly the way we want it to be.” Bob Dylan

    in reply to: Debt Rattle July 21 2017 #35099

    Professorlocknload
    Participant

    Nice house price chart. Do we spot a long term trend here? Like, maybe the inverse of fiat currency’s value?

    in reply to: Nicole Foss On Life After Complexity #34983

    Professorlocknload
    Participant

    Yes, Arnold, having also spent time on the high seas, the watercolor stirred something in me as well. Maybe the sense of loneliness and insignificance when she kicks up?

    https://www.tate.org.uk/art/artworks/turner-vignette-study-of-a-ship-in-a-storm-for-the-andes-coast-campbells-poetical-works-d27563

    in reply to: Debt Rattle June 25 2017 #34730

    Professorlocknload
    Participant

    Pat,
    The Federal Reserve Bank is a “Private Enterprise.” And it’s “Currency” is not an asset. It is a Liability,,,a promissory note. Whether printed or in digital form.

    The issue with the push for digital is very simply, to enhance control over the monetary system by that very institution.

    in reply to: Coming Apart: The Imperial City At The Brink #34623

    Professorlocknload
    Participant

    Great piece!

    And if this results in attempts at refreshing of the tree of liberty, the general population is in possession of some substantial firepower this time around,,,,as is the State. Whatever trigger starts the process, it’s a given it will not be possible to stop it,,,,only choice being to let it develope a mind of it’s own and run it’s course. “Epic” comes to mind,,,,certainly not in a positive sense.

    in reply to: Comey and the End of Conversation #34083

    Professorlocknload
    Participant

    One thing to understand,,,as soon as the intertubes become a threat to pols, it will be reined in equally, with the penny press.

    in reply to: Comey and the End of Conversation #34082

    Professorlocknload
    Participant

    So,,, the choice was a crook or a clown. Now, instead of being forced off the cliff at the point of a gun, all serious like, we must jump off laughing?

    in reply to: Debt Rattle May 4 2017 #33979

    Professorlocknload
    Participant

    Do tax cuts pay? Well, it depends on who gets paid. If it’s the Pentagon/MIC, it might say tax cuts are not profitable. If it’s the working lower and middle classes and small businesses that actually produce things that are used for purposes other than promoting the “Broken Window Fallacy,” then yes, they are likely productive over the long haul, if for no other reason than the government is net consumptive.

    But then, .gov has become very proficient at destroying the means of production and, well,,,,killing people and blowing things up. And .gov is insatiable when it comes to demanding enough revenue to continue accomplishing those “great” tasks, ie; carrying out a process of population control and creating jobs for glass makers and installers,,,,never mind the perfectly functional glass they destroyed in the endeavor.

    https://bastiat.org/en/twisatwins.html

    in reply to: Debt Rattle May 4 2017 #33978

    Professorlocknload
    Participant

    “Their discipline is the product of ideological desire not to blame banks or creditors, wrapped in a libertarian antagonism toward government’s role as economic regulator, money creator, and financer of basic infrastructure.”

    Point missed,,,,,it is .gov protection and enabling of banks and creditors, that cause the economic distortions created by profligate and irresponsible expansions of credit, that academics seem not to understand.

    After all, what is a market supposed to consist of, if not the actions of many individuals acting in their own best interests?

    in reply to: Debt Rattle May 3 2017 #33959

    Professorlocknload
    Participant

    “Money does not give you the right to fund revolutions to recast the world in your image.”

    Ha! Tell that to the drunks in Brussels and coyotes in the Eccles Building

    in reply to: Debt Rattle May 1 2017 #33935

    Professorlocknload
    Participant

    “I don’t believe the EU can be reformed, because no-one has the power to do it.”

    Humm,,,,seems there are plenty of Potent Directors around to put it lower than a snakes belly in a wheel rut, though, yes?

    in reply to: The Great Divides #33883

    Professorlocknload
    Participant

    “Diversity” has been achieved. It’s the “Conquering” that’s going to prove more difficult,,,and likely messy.

    in reply to: Surplus or Stimulus #33826

    Professorlocknload
    Participant

    maybe we can get a haircut delivered on amazon prime?

    in reply to: Debt Rattle April 18 2017 #33746

    Professorlocknload
    Participant

    “We do need revenue.” Stockman

    Yes,,,foreign (and domestic?) military intervention is expensive. And, of course, there’s this,,,,”better” forms of taxation means more efficient methods of theft.

    But, the bigger the government, the better off we all are, no?

    in reply to: Debt Rattle Easter Sunday 2017 #33722

    Professorlocknload
    Participant

    Who will buy the Boomers houses?
    Immigrants? At least at the margin. There are 7 Billion people in the world to draw from. China, ME, India, South America, North Africa, and soon, North Korea,,,,the list goes on, of people who would willingly migrate if given the opportunity.

    The population of North America and Western Europe must continue to grow or the entire Ponzi Scheme will implode. The Social Engineers presently in power will not allow that implosion, including the manufacturer of the monetary means to buy places and things, the Fed.

    The day will certainly come when a house will cost a million bucks, and they will be quite affordable. Just a matter of moving the decimal point over a couple notches. Not to date myself, but I remember the gnashing of teeth and the cries of “Unaffordable” echoing through the sensationalist media when median home prices reached $36,000. in South Silicon Valley. Heard it again when the tag hit $66,000. Yet, folks were standing in line to buy them.

    But then, a new Chevy pickup sold for a shocking sticker price of $2400. back then. Unaffordable, to say the least.

    in reply to: Debt Rattle April 9 2017 #33606

    Professorlocknload
    Participant

    @ Patricia,

    Why do the Greeks continue to take it?

    Stockholm Syndrome?

    in reply to: Any of this Sound Familiar? #33526

    Professorlocknload
    Participant

    What can we say, but,,,,,,,
    https://www.antiwar.com/bourne.php

    in reply to: Our Economies Run On Housing Bubbles #33420

    Professorlocknload
    Participant

    ,,,,certainly, fewer arms sales.

    in reply to: Our Economies Run On Housing Bubbles #33419

    Professorlocknload
    Participant

    Debt is not money, be it public or private, unless it leads to increased productivity, and is self liquidating.

    Return to honest money, held in individual hands and watch this dilemma right itself.

    Let .govs stand on the corner and beg for alms,,,or maybe hold a bake sale.

    in reply to: Peak Wealth and Peak Energy #32872

    Professorlocknload
    Participant

    Then again, there are “statistics” aren’t there? This one isn’t any more misleading than “GDP”, I suppose. https://www.tradingeconomics.com/united-states/productivity

    in reply to: Peak Wealth and Peak Energy #32871

    Professorlocknload
    Participant

    Can’t help but think that ‘Too many consumers and not enough producers’ might also be a factor in all this. Further limiting supply, as demand increases along with population expansion.

    On peak wealth, I was in the Silicon Valley area in the 70s 80s and 90s. I would have to place peak wealth somewhere between 95 and 2000, in the early stages on the IT Revolution.

    in reply to: Debt Rattle February 25 2017 #32817

    Professorlocknload
    Participant

    On the Surgeon in Chief,,,
    As reality itself is in a state of constant flux, so should be the actions of a leader.
    Put another way, as the facts change, so should a good leaders mind.

Viewing 40 posts - 41 through 80 (of 733 total)