bill67 wrote on 02/05/13 at 12:43:48:


When I can look at what I call "Observed Reality" & it doesnt line up with
all the stuff "Everybody KNows is TRue" & I can read a book that explains things & see how it makes more sense than the "Truths" offered up by every easily accessed info source, then I have REason to believe the book. I read the book because I see loose ends in the Official Version
of the story. I didnt understand how the fed worked.

Think about it.
12 years, count them,, Twelve YEARS they have a kid in school. Why do they want us to go to school? I THought the reason they gave was so we would be able to live successful lives. Why is it that during those 12 years, they never REally explain how the economy works? Where $$$ comes from & all that? So, having these questions & Seeing the Monumental Failure of the Fed in its meeting of its goals, which were to maintain the strength of the dollar & make sure the economy didnt go thru wild swings up & down. What have we seen? What WAS a $20.00 coin, commonly in circulation, is now around $1,700.00 worth of green paper. IOW, 4 quarters, one lousy dollar out of my Grampas pocket now requires Eighty Five dollars out of mine. Yea, our economy is Steady, baby.

IF anyone here has ANY desire at all to understand whats happening instead of bloviating continually about your vast wisdom & grasp of the subject, READ something that explains the Mandrake Mechanism. Understand HOW money really comes into existance. Then, once you understand the process of the creation of money, youll shake in your boots when you realize, the Fed is buying its own paper.. Its an economic impossibility. YOu cant write yourself a check & create more $$$ in your account, can you? YOu cant buy your car from yourself, pay off the loan & keep the car, can you? THATS the equivalent of the Fed buying the T-bills, signing Me & You up for more debt & printing the bills up.


Bill I dont believe everything I read. In fact, when I see your name on it, Im fairly certain its either gonna be funny or just wrong. Your proud proclamation that you dont read books actually didnt stun me. I can believe that you dont read books, no problem.,..

OMG - does anyone think that the very wealthy, who run for office in campaigns funded by the very wealthy, get elected into office and then put people in strategic positions of almost uncontained power might chose a wealthy insider for those positions......my goodness, i am shocked.  As my mother from Maine used to say, when someone from the federal government drops you a line to help, lookout for the hook at the end.
When I returned home from Vietnam, waiting for me was letter from the CIA.  My mom said I don't know what you did over there in your Army Intelligence positon, but DO NOT work for the  CIA...I'll disown you (and she had previously backed me in buying motorcycles soI figure she got it right several times.)

Trippah wrote on 02/09/13 at 19:34:17:



Well that's not the only reason why the fund is going broke.

Have you heard of the case of the first social security recipient ... she paid like 13 bucks and received 29,000 or some such ...
Inspite of that there were nearly a 1000 times as many people paying into it as there were being paid out, so SS was raking it in ... however in the last few years that number is closer to 1-1. I think its going to go soon into more drawing than paying in.
So its insolvent ... its not just the fact they bought US govt bonds.

The whole reason "govt spending is out of control" deal is due to 2 wars against 2 countries 1/2 way around the world and people getting older.

Cool.
Srinath.

Oh no Bill67 ... JOG has reverted to his favorite topic ... Oh wait, what happened to monsatan ? Oh that is so last month ... gotcha ...

Cool.
Srinath.

The whole reason "govt spending is out of control" deal is due to 2 wars against 2 countries 1/2 way around the world and people getting older.

wrong on the war comment, partial credit for age comment.

Add up the cost of the wars and subtract the cost of the defense budget before the wars. That's the amount the wars cost.

(I'll even give you a break and not ask you to use President Hopey's formula for what value his economic stimulus money brought to the economy. If money sent to Union thugs to dig and fill in holes can be used as positive economic multiplier, surely buying bombs from Boeing has a similar positive multiplier....)

Now, look around and find federal expenses / programs greater than that number.

So, you dont think we are spending billions a month in these wars?

I mean on equipment & war making materiel, not just feeding & payinf soldiers. YOu think the bombs & equipment are old & when used, notr replaced? You think bullets are just stacked on shelves & when used, not replaced?  You clearly dont understand that there are people making fortunes on these wars, SELLING these things,

In 2001 bush waged a war on 1 country  No; Bush did not wage a war.  Congress authorized and dozens of countries joined in so let's keep a little perspective here.

Therefore, Obama is paying the bill for Bush's war.  oh, poor little Barack.....    Tell me, do you have the same sympathy for Bush having to clean up Clinton's mess?...