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Thread: Who will be the next US President?

  1. #11
    Oyagoi yerrag's Avatar
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    Trump Debate You May Have Missed

    Stephen Colbert's All-Trump Debate Shows Just How Often Trump Contradicts Himself - Digg

    He can take the two sides of an argument. How's that for "moral clarity?"

    Not that it helped GW

    Whose "WMD?" brought us into Iraq and Afghanistan.

    And now Syria and Libya.

    Pretty soon Iran and Saudi Arabia.

    If we only listened to Bill Maher, and to Ron Paul.

    Touche.

    ISIS: We made a play, and they fell for it. Suckers.

  2. #12
    Oyagoi Eugeneg's Avatar
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    [QUOTE=yerrag;219910]Stephen Colbert's All-Trump Debate Shows Just How Often Trump Contradicts Himself - Digg

    Article in latest issue of Bloomberg Business week.The money behind Ted Cruz who is Robert Mercer. Article is by Zachary Milder
    Regards
    Eugene

  3. #13
    Oyagoi yerrag's Avatar
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    What Kind of Man Spends Millions to Elect Ted Cruz? - Bloomberg Politics

    Eugene, Mercer is a self-made man, making billions knowing how to use his algorithms to use arbitrage and mint money. If he favors Murray Rothbard and the Austrian school of economics, and favors a return to the gold standard, he may be seeing a future where fiat money is going to be discredited, and the world coming full circle. The current system of fiat currencies such as the dollar and the euro is a large Ponzi scheme. It is Mickey Mouse money. It is the money used to fund a generous public welfare system, which without a Ponzi scheme, will just as surely be unfunded overnight. This welfare system is what liberal Democrats hang on to with their lives, and what Libertarians know is something that can't go on forever. Not because social welfare is intrinsically unjust, it is just unrealistic given the funding is a delusion. A return to the gold standard will put sanity back into public financing, as well as private wealth-building. The longer the delusion, the harder the fall and the longer the recovery from the fall.

    I don't know why Mercer is backing Ted Cruz though. He still appears to me an establishment politician that is only going to marginalize needed monetary policy change, and will continue to sweep dirt under a rug already too heavy with silt.

    We will eventually stop dancing to the tune of printing currency to let the future fund the present. The wisdom of the crowds says being liberal and generous can only go so far, and as the pie shrinks, and as the sharks take an ever larger slice of it, whatever spoils left for the masses won't be enough to sustain and protect the peace. This understanding is manifested in the rejection of "the sure thing" in Hillary for the Democrats and in Jeb for the Republicans. Both Trump and Sanders are better choices, as they are both more realistic, if only slightly less delusional, than the bumper crop of presidential wannabees.

  4. #14
    Oyagoi Eugeneg's Avatar
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    Quote Originally Posted by yerrag View Post
    What Kind of Man Spends Millions to Elect Ted Cruz? - Bloomberg Politics

    Eugene, Mercer is a self-made man, making billions knowing how to use his algorithms to use arbitrage and mint money. If he favors Murray Rothbard and the Austrian school of economics, and favors a return to the gold standard, he may be seeing a future where fiat money is going to be discredited, and the world coming full circle. The current system of fiat currencies such as the dollar and the euro is a large Ponzi scheme. It is Mickey Mouse money. It is the money used to fund a generous public welfare system, which without a Ponzi scheme, will just as surely be unfunded overnight. This welfare system is what liberal Democrats hang on to with their lives, and what Libertarians know is something that can't go on forever. Not because social welfare is intrinsically unjust, it is just unrealistic given the funding is a delusion. A return to the gold standard will put sanity back into public financing, as well as private wealth-building. The longer the delusion, the harder the fall and the longer the recovery from the fall.

    I don't know why Mercer is backing Ted Cruz though. He still appears to me an establishment politician that is only going to marginalize needed monetary policy change, and will continue to sweep dirt under a rug already too heavy with silt.

    We will eventually stop dancing to the tune of printing currency to let the future fund the present. The wisdom of the crowds says being liberal and generous can only go so far, and as the pie shrinks, and as the sharks take an ever larger slice of it, whatever spoils left for the masses won't be enough to sustain and protect the peace. This understanding is manifested in the rejection of "the sure thing" in Hillary for the Democrats and in Jeb for the Republicans. Both Trump and Sanders are better choices, as they are both more realistic, if only slightly less delusional, than the bumper crop of presidential wannabees.
    Yerrag I differ from you on nearly all counts; How can it be possible to go on the gold standard when at $2000 an ounce and blowing of tops of mountains the total gold produced was not even the GDP of Cuba
    Neither can I imagine Donald Trump getting a daily briefing and paying attention to it. US is still the largest military power as well as industrial power. As to Sanders he is just too old and idealistic. The whole world depends on who is chosen.
    Regards
    Eugene

  5. #15
    Oyagoi yerrag's Avatar
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    Quote Originally Posted by Eugeneg View Post
    Yerrag I differ from you on nearly all counts; How can it be possible to go on the gold standard when at $2000 an ounce and blowing of tops of mountains the total gold produced was not even the GDP of Cuba
    Neither can I imagine Donald Trump getting a daily briefing and paying attention to it. US is still the largest military power as well as industrial power. As to Sanders he is just too old and idealistic. The whole world depends on who is chosen.
    Regards
    Eugene
    Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

    Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

    The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

    Cheers,

    Mike

  6. #16
    Sansai
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    Quote Originally Posted by yerrag View Post
    Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

    Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

    The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

    Cheers,

    Mike

    Are the KOI Just smoke & mirrors?

  7. #17
    Oyagoi yerrag's Avatar
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    Coolwon, KOI is a conspiracy by the Yakuza ;-)

    Sent from my XT1068 using Tapatalk

  8. #18
    Oyagoi Eugeneg's Avatar
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    [QUOTE=yerrag;219922]Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

    Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

    The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

    Mike
    All the gold in the world that has been mined would be just over 8 trillion US $. The US debt is 18 trillion$ . Just the whole world derivatives alone are 1.2 Quadrillion so if that amount alone would mean that gold would have to be about $112000.00 an ounce. However you are free to buy it , in fact good purchase before currencies dropped against the US $
    There has been an inflow of money to the $ resulting in devaluation of currencies. Sad but that resulted in an extra few trillion debt for the developing world whose biggest problem is that they can not govern themselves.
    Regards
    Eugene

  9. #19
    Oyagoi yerrag's Avatar
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    [QUOTE=Eugeneg;219933]
    Quote Originally Posted by yerrag View Post
    Hi Eugene, in the absence of something better, gold is a more objective storehouse of value. It is easier to carry around than sacks of rice or salt. A large part of Rome's downfall is due to its debasement of its coins with cheaper metals such as copper. When paper currency came into vogue, it was backed by gold. Until the mid-70's, the US currency was still backed by gold. Nixon, seeing how continuing with the gold-backed regime could undermine the United States, by driving it into indebtedness from which it could never recover, stopped honoring unliaterally this system, thereby freeing itself of debts it has incurred. Since the United States was the world's judge, jury, and executioner, it got away with this heist. Since then, we have been living on this illusion of fiat currencies, which is arbitrary and whose relative weightings are based who can control the narrative with politics, diplomacy, military superiority, and the control of public opinion. The US dollar continues to be seen as a bulwark against world instability and tension, a perception it sells though does not deserve. The problem with this thinking is that it reinforces instability in the world, as instability feeds the strength of the US dollar. Hence, in the aftermath of the cold war after the disintegration of the USSR, there was this surreal talk about the "peace dividend." It was not to be, and we are now living proof of a world with new dangers, and new enemies. But equilibrium will seek its own place, and the whole world will adjust. Slowly would be the best way, as peoples will gradually adjust to new realities. But their is no slow way to go about it as forces are arrayed to reinforce the status quo, no matter how tenuous the hold is. When the spring snaps, it will already be so wound up the blowback will be unexpected for many, and it will be strong.

    Here is what Japan has been trying to do since the start of the 90's, when Japan Inc. unraveled, and it still continues to do so, because of Japan's penchant for following Keynesian "black hole" economics, the very one upheld and defended by Paul Krugman, the "esteemed" Nobel Laureate:

    The Bank Of Japan - Ringing In The Endgame? | Seeking Alpha

    Mike
    All the gold in the world that has been mined would be just over 8 trillion US $. The US debt is 18 trillion$ . Just the whole world derivatives alone are 1.2 Quadrillion so if that amount alone would mean that gold would have to be about $112000.00 an ounce. However you are free to buy it , in fact good purchase before currencies dropped against the US $
    There has been an inflow of money to the $ resulting in devaluation of currencies. Sad but that resulted in an extra few trillion debt for the developing world whose biggest problem is that they can not govern themselves.
    Regards
    Eugene
    Value is dynamic, Eugene. Many derivatives' values are manipulated. As well as currencies. Gold's value is based on a price as shaped by how reality is perceived, as distorted as it is. At any other point in history, debt has always been backed by real assets. Now it is backed by agreements between central bankers who are subject to the whims of politics. And politics is about satisfying the present needs. The problem is that the future is more and more put in hock. The point where it breaks is when we stare into the future face to face. We've put off dealing with foreseen problems using debt, and we convince ourselves a humongous load of debt will see us through the present difficulty, and that we will emerge better for it. This wishful thinking, reinforced by quack economists, whose credibility cannot be questioned by their Nobel pedigree, will have a day of reckoning when the dam breaks. Such bravado is typical of those who live by crossing the bridge when they have gotten there- a testament to the gospel of positivity- Americana that has infected the whole world thru education at the Ivy League.

    There is a very David Copperfieldian quality to all this smoke and mirrors - subtle, mesmerizing, reassuringly so that one does not worry the pretty lady in that skimpy suit won't be sawed in half. It is mind control at its best, on a world stage, and it makes me wonder where the queen bee is, and when the fumigator will start cleaning up the mess.

  10. #20
    Sansai
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    and it makes me wonder where the queen bee is, and when the fumigator will start cleaning up the mess.[/QUOTE]

    Bernie Sanders?

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