In response to:

The Need to Explain

va1234 Wrote: Nov 14, 2012 10:59 PM
Understanding Our Current Economic Situation To understand our current economic situation you have first to understand the interests that are competing to take everything you have from you. The first thing you need to know about the competing interests is that they are real, and they want what they want for their own benefit and not anyone else. These people are known to anthropologists as self-aggrandizers, people who will use whatever means to enhance their own status and wealth at the expense of everyone else. In our modern environment it is the bankers who have become the self-aggrandizers. There is a constant tension between bankers in our fractional reserve banking system and the government. Bankers are seeking to be the...
va1234 Wrote: Nov 14, 2012 11:05 PM
There is a constant tension between bankers in our fractional reserve banking system and the government. Bankers are seeking to be the ones who create money through loans at interest and they oppose the creation of money by the government for its purposes such as infrastructure and defense.
The current debate about a fiscal cliff is an entirely bogus debate. The US government can create as much money, as in dollars as it desires. The only reason we have a debate about how much money the US government creates is because the very rich who have captured an excessive amount of those dollars does not want to see more of them printed as it will reduce the value of all they have captured. That is the basis of the issue, period.
va1234 Wrote: Nov 14, 2012 11:05 PM
Consider people, please, how the righteous right uses the constant refrain of the US becoming Greece to assert that there is a limit to how much money the US government can print. This is a deliberately bogus assertion. Greece cannot print its own money, it is dependent on Euros which are printed by the European Central Bank (ECB). The US is under no such constraint. The only reason Romney tried to compare the US to Greece is because he is the holder of some 250 million in US dollars and does not want there to be more US dollars printed since it will reduce the value of his wealth. Romney did not tell you this when he ran for president but it is the basis of his assertions.
The fact that Romney deliberately lied and did so...
va1234 Wrote: Nov 14, 2012 11:06 PM
Americans your money comes from two sources. One is the government through the issuance of treasury bills to finance the debt of the US government. The second is from the banks by making loans based on less money (called reserves) than they have in their vaults. If a bank has 1000$ in deposits it can make loans of 10,000$, which creates $9000 dollars that never existed before. Important to note is that the bank creates that $9000 at interest, say 5%. So the bank creates $9000 plus 5% all in new money.
What we have in the USA is a conflict over who gets to create money. This conflict is the entire basis of the current “debt crisis” in the US. The very rich people who have cornered the market on dollars as in who have benefitted...
va1234 Wrote: Nov 14, 2012 11:06 PM
The single biggest problem Americans have is understanding that there are very venal people in charge of their economy, people who only want what they want and will do anything to ensure that they are going to remain rich and get richer. These people are not moral, they are not immoral, they are amoral, they have no morality, they have no way of thinking in terms of how anyone but themselves will benefit.
Unfortunately too many Americans are stuck in thinking that those who so recently fleeced them in the recent economic crisis are like them but somehow just did not get it. Too many Americans are having a difficult time in coming to the realization that there are people who do not care about them and will only respond to absolute...
va1234 Wrote: Nov 14, 2012 11:06 PM
The single biggest problem Americans have is understanding that there are very venal people in charge of their economy, people who only want what they want and will do anything to ensure that they are going to remain rich and get richer. These people are not moral, they are not immoral, they are amoral, they have no morality, they have no way of thinking in terms of how anyone but themselves will benefit.
Unfortunately too many Americans are stuck in thinking that those who so recently fleeced them in the recent economic crisis are like them but somehow just did not get it. Too many Americans are having a difficult time in coming to the realization that there are people who do not care about them and will only respond to absolute...
va1234 Wrote: Nov 14, 2012 11:07 PM
There is no fiscal cliff. The US can print as much money as the US government wants to. It is true that with every dollar the US government creates every other dollar becomes less valuable. The people most concerned with the value of every dollar are those that have the most dollars, the 1%, or more specifically the .01%.
Let’s consider another canard the rich are pushing. That is that keeping taxes low on the rich will lead to increased economic growth and that economic growth will lead to increased economic activity and thus more taxes and reduce the deficit. This was most recently asserted again by Grover Norquist, the best reason to have restricted immigration from Northern Europe when we had the chance, that keeping taxes low...
va1234 Wrote: Nov 14, 2012 11:08 PM
Unfortunately Americans do not recognize all that the existence of government makes possible. Government makes possible a level of cooperation that would not exist except for government. The richest .01% take for granted their internet access. Government makes that access possible. Government makes the existence if rights of way for utilities possible by restricting private development on land that runs between residences. Without that right of way the companies that lay fiber optic cable would have no where to put it. The electricity that powers all their richest .01% gizmos would have no access to their mansions without government created rights of way for utilities. If the richest .01% had to pay every private owner of land...
va1234 Wrote: Nov 14, 2012 11:09 PM
Eat it TOWNHALL people, eat the TRUTH.
va1234 Wrote: Nov 14, 2012 11:14 PM
Waiting TOWNHALL people, waiting thomas Sowell if you have the guts to respond. Oh, did not think so......
Positive Force Wrote: Nov 14, 2012 11:18 PM
A devalued dollar is no-good for anyone genius.
va1234 Wrote: Nov 14, 2012 11:18 PM
Still waiting for an intellectual resonse, hopeles......
Positive Force Wrote: Nov 14, 2012 11:21 PM
You do realize what a raving lunatic you are right?
Positive Force Wrote: Nov 14, 2012 11:22 PM
You and metallic should have babies together.
va1234 Wrote: Nov 14, 2012 11:33 PM
A devalued dollar is especially no good for those who have them. If you have debt, a devalued dollar is very good. shows what sode of the COIN yo come from.
va1234 Wrote: Nov 14, 2012 11:34 PM
No. Nice response to the points I am trying to make. Got any real responses? or just hack responses?
va1234 Wrote: Nov 14, 2012 11:35 PM
How creative and really shows you read and understood. Hope the mirror you constantly stare into shows you a good view, you obviously cannot deal with other real people.
rightmostofthetime Wrote: Nov 15, 2012 12:11 AM
Amazingly stupid. Printing money and devaluing the dollar is only bad for the rich? Did you learn your economics from a school advertised on a matchbook cover?
mhughes962 Wrote: Nov 16, 2012 10:25 AM
True... Inflation is only good for those who HAVE debt, like Mexico when they devalued the peso using policies identical to QE1,2, & 3. If you have debt inflation makes that debt worth less. So it rewards the in-debt who made bad decisions, and punishes people who have created wealth and earned money. Your childish Scrooge McDuck vision of rich flok is laughable,
va1234 Wrote: Nov 14, 2012 11:05 PM
There is a constant tension between bankers in our fractional reserve banking system and the government. Bankers are seeking to be the ones who create money through loans at interest and they oppose the creation of money by the government for its purposes such as infrastructure and defense.
The current debate about a fiscal cliff is an entirely bogus debate. The US government can create as much money, as in dollars as it desires. The only reason we have a debate about how much money the US government creates is because the very rich who have captured an excessive amount of those dollars does not want to see more of them printed as it will reduce the value of all they have captured. That is the basis of the issue, period.

The most successful Republican presidential candidate of the past half century-- Ronald Reagan, who was elected and reelected with landslide victories-- bore little resemblance to the moderate candidates that Republican conventional wisdom depicts as the key to victory, even though most of these moderate candidates have in fact gone down to defeat.

One of the biggest differences between Reagan and these latter-day losers was that Reagan paid great attention to explaining his policies and values. He was called "the great communicator," but much more than a gift for words was involved. The issues that defined Reagan's vision were things he...