Billyjoe...I tried to make it clear that the dollar bills were created as a liability on the Fed balance sheet...that means the Gov't owes...
Oldtime, you are the best. You remind me of a freind of mine, retired, was a top lawyer, international lawyer, for Mecrk; tells a great story...
GDP is not a measure of a nations 'wealth.' GDP is a tortured measure of spending. It was created by an FDR socialist working at NBER who wanted...
Sorry Achilles, but the 10% reserve requirement is applied only to demand bank deposits, reserve for other types of deposits are less. Bank...
Newmoney24 et. al., yes money is quite literally debt. Look at it, it says 'note' right on it. What we call money, 'Dollars', is a non interest...
What Malthusian crap. You would do better reading or skimming (its a long read), Will and Ariel Durant's, "The Story of Civilization" and...
Plyka, you didn't understand anything I wrote. I think I wrote it very clearly and simply. You read what I wrote and then started asserting that...
Just in time to be in when earnings go down and multiples are compressed.
That chart of the owners of Federal Debt does not distinguish between different forms of debt and maturity. Most the Fed purchasing of debt has...
Fed Gov. Fisher of Dallas today compared the QE and other actions that explode the Fed balance sheet with 'Hotel California.' He said that he is...
I never said that interest rates have not declined over time; I suggested that the Fed did not cause the decline with QE and that every time the...
The price first went up from around 1.5% on the 10 yr when QE 3 RMBS and continued TWIST was announced over a month ago...it went up to about...
This really should be part of the above post...but it took me longer than 30 mins to add it as an edit. Seriously, contraction is caused by...
This is the way it happens every time. If you paid attention to QE1, 2 or 3 before this you would have seen that the announcement that the Fed...
Common Riddler, you started out saying it was brought to your attention by 'homeowners.' It does not mean that they are using the word correctly;...
The term 'rateable' refers to property tax. Property tax is caculated by applying the local property tax rate to the assessed value of the...
Hunter, there is no fiscal 'cliff.' It was a stupid metaphor made up by our Ivy League lobotamized Fed Chairman in testimony, and it was adopted...
Matt, check out this essay written by a late friend of mine in the early 1990's; it addresses many of your concerns and can be understood to agree...
Humpy, your comment points out the difference between ideology and reality. "Big Boss", "Drone Workers": you are living in a cartoon. Do you...
Matt, I did read your argument in the first few pages of this thread and it is a sesible argument. Clearly, those without skills are facing a...
Separate names with a comma.