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Phat
Member
Posts: 15442
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 61 of 77 (886830)
06-11-2021 3:55 PM
Reply to: Message 60 by ringo
06-11-2021 3:26 PM


Re: The Big Picture Needs Reviewing
I have yet to see any rational arguments that say that things will be the way they always were. You might argue that economic downturns are cyclical, but we are talking about a large part of the wealth of the middle class in America being literally wiped out. Your socialist world and friends under the local bridge may not care, but we do. They call it the great reset. And I am hoping that the whole world shares the bill. Some of us are too old to live under bridges.

"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 60 by ringo, posted 06-11-2021 3:26 PM ringo has responded

Replies to this message:
 Message 63 by ringo, posted 06-12-2021 12:19 PM Phat has responded

  
Percy
Member
Posts: 20116
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.4


Message 62 of 77 (886834)
06-11-2021 5:36 PM
Reply to: Message 59 by Phat
06-11-2021 3:18 PM


Re: The Big Picture Needs Reviewing
Phat writes:

The debate is not about the differences in ideology so much as the fiscal monetary policies of the Federal Reserve and the Central Banks and the relationship between the government's ability to borrow and essentially create more money out of nothing.

The central banks are managed by the Federal Reserve, and the Federal Reserve is still chaired by the same guy Trump appointed in 2018. The government's ability to borrow has not changed, nor has its ability to "create more money out of nothing" (more about that in a minute). As you noted, the deficit grew under Trump, and it will grow under Biden.

The only thing that's different is who's president. Why did you start worrying about the deficit only after we changed presidents?

The US Dollar is a fiat currency.

This has been true for a long, long time and describes all the major world currencies, including the dollar, the Canadian dollar, the Australian dollar, the pound, the Euro, the Swiss franc and the yen. Why have you suddenly decided this is a problem? Which group with an agenda are you listening to?

About the government being able to create money, it has had this ability for a long, long time, as have all governments of modern economies, but I think you knew that. What you probably didn't know is that even you have the ability to create money. I'll explain.

If you deposit $10,000 in a bank then that bank can loan that money to borrowers. Bank reserve requirements (set by the Federal Reserve) only require them to keep a percentage of deposited money on hand. The rest they can lend out.

If the bank reserve requirement is 10% then the bank can loan out 90% of deposits. In the case of your $10,000 deposit they must keep $1,000 but can loan out the rest, or $9,000. This loaned out money eventually finds it way into other banks (or the same bank) as deposits.

The most direct way this can happen is if the entity borrowing the $9000 deposits it in the same bank it borrowed it from until it needs it. Your original $10,000 deposit has become a total of $19,000 in deposits. The bank can take this additional $9,000 and loan out 90% of it again.

This is what is known as the money multiplier. When the reserve requirement is 10% then the money multiplier is the inverse of 10%, which is 1/.1 or 10. You original $10,000 deposit can theoretically become $100,000 in loans, increasing the money supply by $90,000. Congratulations - you have just created money out of nothing, just like our government.

From your Fiat Money link:

quote:
The mortgage crisis of 2007 and subsequent financial meltdown, however, tempered the belief that central banks could necessarily prevent depressions or serious recessions by regulating the money supply.10 A currency tied to gold, for example, is generally more stable than fiat money because of the limited supply of gold.11 There are more opportunities for the creation of bubbles with fiat money due to its unlimited supply.

There is not a working currency anywhere in the world that uses the gold standard today. It was abandoned long ago, for obvious reasons.

After studying some of what the so-called experts are saying, I am convinced that the dollars days are numbered. Whatever replaces it will be traceable to the fullest extent.

You haven't studied anything. You're just choosing which side to listen to based on how appealing you found their arguments. Actual understanding is absent.

--Percy


This message is a reply to:
 Message 59 by Phat, posted 06-11-2021 3:18 PM Phat has acknowledged this reply

  
ringo
Member
Posts: 19124
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.6


Message 63 of 77 (886843)
06-12-2021 12:19 PM
Reply to: Message 61 by Phat
06-11-2021 3:55 PM


Re: The Big Picture Needs Reviewing
Phat writes:

I have yet to see any rational arguments that say that things will be the way they always were.


You have it backwards. Rationally, we don't expect radical changes - like the sun rising in the west - unless there are compelling reasons for that change.

Phat writes:

You might argue that economic downturns are cyclical, but we are talking about a large part of the wealth of the middle class in America being literally wiped out.


We're really not. You're the only one who is panicked about that.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 61 by Phat, posted 06-11-2021 3:55 PM Phat has responded

Replies to this message:
 Message 64 by Phat, posted 06-12-2021 3:04 PM ringo has responded

  
Phat
Member
Posts: 15442
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 64 of 77 (886851)
06-12-2021 3:04 PM
Reply to: Message 63 by ringo
06-12-2021 12:19 PM


Re: The Big Picture Needs Reviewing
ringo writes:

We're really not. You're the only one who is panicked about that.

Are you saying that you don't see it? Or that you don't really care.

Some liberally minded critics see the US as just another failing empire and that the people getting the outcome that they wanted. *cough..jar...cough*.

My whining is directed at getting you to care...enough to help stop the implosion. The sheeple (Buzzsaw RIP) in America dont see it and it is up to the rest of you to care enought to quit ignoring the problem.

And Percy you would be wise to pay attention. This will wipe out a lot of your assets as well.

I cant figure out why none of you see the latest and greatest bubble. The US Dollar itself.


"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 63 by ringo, posted 06-12-2021 12:19 PM ringo has responded

Replies to this message:
 Message 65 by Percy, posted 06-12-2021 3:56 PM Phat has responded
 Message 66 by ringo, posted 06-13-2021 3:22 PM Phat has acknowledged this reply

  
Percy
Member
Posts: 20116
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.4


(2)
Message 65 of 77 (886853)
06-12-2021 3:56 PM
Reply to: Message 64 by Phat
06-12-2021 3:04 PM


Re: The Big Picture Needs Reviewing
Phat writes:

And Percy you would be wise to pay attention.

I *am* paying attention. I refuted everything you said while highlighting your ignorance. You're apparently ignoring it to instead baselessly say "...pay attention...this will wipe out a lot of your assets as well," which is completely free of substance. It's obvious scaremongers have taken over your thinking.

I do not understand why you fancy yourself some prescient messenger sounding the alarm before deaf ears. If you want to discuss actual data and information then I'm interested, but if you're going to just keep issuing a call to arms against invaders apparent to no one else and about whom all you can say is, "They're coming, be afraid," then I'm going to start ignoring you.

--Percy

Edited by Percy, : Grammar.


This message is a reply to:
 Message 64 by Phat, posted 06-12-2021 3:04 PM Phat has responded

Replies to this message:
 Message 68 by Phat, posted 07-13-2021 9:14 AM Percy has not yet responded
 Message 71 by Phat, posted 07-19-2021 11:24 AM Percy has not yet responded

  
ringo
Member
Posts: 19124
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.6


(1)
Message 66 of 77 (886880)
06-13-2021 3:22 PM
Reply to: Message 64 by Phat
06-12-2021 3:04 PM


Re: The Big Picture Needs Reviewing
Phat writes:

Are you saying that you don't see it?


Of course I don't see it. It isn't there.

Phat writes:

Or that you don't really care.


Why should I care about something that isn't going to happen?

Phat writes:

My whining is directed at getting you to care...enough to help stop the implosion.


There are enough issues that we do need to care about. Climate change is probably the biggest. We don't need you diverting our attention with your self-serving non-issues.

Phat writes:

I cant figure out why none of you see the latest and greatest bubble. The US Dollar itself.


You might figure it out if you actually read what people are telling you.

"I've been to Moose Jaw, now I can die." -- John Wing

This message is a reply to:
 Message 64 by Phat, posted 06-12-2021 3:04 PM Phat has acknowledged this reply

  
LamarkNewAge
Member
Posts: 1844
Joined: 12-22-2015


Message 67 of 77 (887136)
07-12-2021 11:52 PM


El Salvador president Nayib Bukele makes Bitcoin legal tender.
The price of remittances will drop by multiple times.

The free trade coin is valued by those who know.

(And while the subject of trade is present, dear God am I ready to support Rand Paul, with his tarrif ending vision, in 2024. Lumber and metal prices have sent the price of manufactured homes up about 40% from a few years ago. Protectionism is choking everybody out, and the Republicans are as bad or worse than the Democrats. It was not always that way)

(Protectionism has always been a problem, mind you. Even in the most "pro free trade" types of years, protectionism is the mostpowerful overall force. The beast that keeps ripping the guts out of human progress)


Replies to this message:
 Message 69 by Phat, posted 07-16-2021 1:05 AM LamarkNewAge has not yet responded

  
Phat
Member
Posts: 15442
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 68 of 77 (887142)
07-13-2021 9:14 AM
Reply to: Message 65 by Percy
06-12-2021 3:56 PM


Re: The Big Picture Needs Reviewing
Percy writes:

It's obvious scaremongers have taken over your thinking.


This is a possibility. I have been listening to a book on Audible:

The Big Silver Short: How The Wall Street Banks Have Left The Silver Market In Place For The Short-Squeeze Of A Lifetime

I can discern bullshit from substance, however. They are not simply trying to sell silver. (Though they may have succeeded in selling the book! )
Read the introduction and tell me what you think.

Edited by Phat, : added comment


"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 65 by Percy, posted 06-12-2021 3:56 PM Percy has not yet responded

  
Phat
Member
Posts: 15442
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 69 of 77 (887158)
07-16-2021 1:05 AM
Reply to: Message 67 by LamarkNewAge
07-12-2021 11:52 PM


Re: El Salvador president Nayib Bukele makes Bitcoin legal tender.
Not sure if this means that you are a proponent of globalism, but you say:
quote:
Protectionism is choking everybody out, and the Republicans are as bad or worse than the Democrats. It was not always that way)

(Protectionism has always been a problem, mind you. Even in the most "pro-free trade" types of years, protectionism is the most powerful overall force. The beast that keeps ripping the guts out of human progress)


So who is everybody? Seems to me that protectionism keeps the rest of the world from choking us out.

Investopedia writes:

  • Protectionist policies place specific restrictions on international trade for the benefit of a domestic economy.

  • Protectionist policies typically seek to improve economic activity but may also be the result of safety or quality concerns.

  • The value of protectionism is a subject of debate among economists and policymakers.

  • Tariffs, import quotas, product standards, and subsidies are some of the primary policy tools a government can use in enacting protectionist policies.

  • "A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
    ***
    “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

    “The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
    - Criss Jami, Killo

    “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
    (1894).


    This message is a reply to:
     Message 67 by LamarkNewAge, posted 07-12-2021 11:52 PM LamarkNewAge has not yet responded

    Replies to this message:
     Message 70 by ringo, posted 07-16-2021 12:54 PM Phat has acknowledged this reply

      
    ringo
    Member
    Posts: 19124
    From: frozen wasteland
    Joined: 03-23-2005
    Member Rating: 2.6


    (2)
    Message 70 of 77 (887163)
    07-16-2021 12:54 PM
    Reply to: Message 69 by Phat
    07-16-2021 1:05 AM


    Re: El Salvador president Nayib Bukele makes Bitcoin legal tender.
    Phat writes:

    Seems to me that protectionism keeps the rest of the world from choking us out.


    In case you didn't get the memo when Trump was President, American protectionism is paid for by Americans. Slap a tariff on Canadian steel? Americans pay more for American steel. You're not gaining anything. You're just re-distributing the wealth from consumers to steel workers.

    "I've been to Moose Jaw, now I can die." -- John Wing

    This message is a reply to:
     Message 69 by Phat, posted 07-16-2021 1:05 AM Phat has acknowledged this reply

      
    Phat
    Member
    Posts: 15442
    From: Denver,Colorado USA
    Joined: 12-30-2003
    Member Rating: 1.1


    Message 71 of 77 (887170)
    07-19-2021 11:24 AM
    Reply to: Message 65 by Percy
    06-12-2021 3:56 PM


    Shifty Schiff and the Financial Apologists
    I have been listening to some of your assertions and rationally minded points concerning my arguments and their lack of substance.

    I apologize for being somewhat scatterbrained and I will even attribute much of it to my health and my higher blood sugars. The sugars are coming down, by the way, and I am owning responsibility for my health. I took a month off from work in order to address these concerns, and I want to thank everyone at EvC Forum for putting up with me.

    I also have a bad habit of conflating my basic rant over a broad range of topics--many of them started by me myself. It is in retrospect somewhat callous and selfish, so I will try and limit my argument to this topic and focus on the one area which I have been studying in the past month---transitory inflation as opposed to 1970's style inflation, the differences between 1970 and 2021, and the likely future.

    Percy writes:

    I do not understand why you fancy yourself some prescient messenger sounding the alarm before deaf ears. If you want to discuss actual data and information then I'm interested, but if you're going to just keep issuing a call to arms against invaders apparent to no one else and about whom all you can say is, "They're coming, be afraid," then I'm going to start ignoring you.

    You and I never argued much. Jar was always my obsession, and that old Texas Horse has been beaten to death! I think that EvC and I have basically discussed religion to death (or eternal life! : ) and I'm through with religious arguments for the time being. My focus is economic/financial arguments and the jury is still out whether or not I am listening to the apologetic cons and shills of that realm.

    Did you read the introduction to the latest book I am listening to on Audible? Please at least read the introduction and then you and I can go from there. The Big Silver Short: How The Wall Street Banks Have Left The Silver Market In Place For The Short-Squeeze Of A Lifetime

    My basic argument regarding the financial realm in a global context is that much goes on behind the scenes and under the radar (or concern) of the Treasury Secretary, the head of the Federal Reserve, and the day-to-day news of the financial media.
    For the record, I have a local close friend, a man whom I have known for 38 years, who tells me I am scared of reality. He would argue that booms and busts, stock market expansion and contraction, and US inflation itself are cycles that always happen and that there is no undue cause for concern. And I realize that I often seek a boogieman as the reason that my personal life is not fair or going the way that I want it to and it helps for me to talk out my fears, form better arguments, and understand reality in a sane context rather than a reactionary one, which I tend to do here. (at EvC) One favor that I ask in this thread is if you can help me add a few MP3 audio clips so that I can advance my argument verbally rather than only in writing. Is that easy to do or not? I can create the basic MP3 files, but as of yet there is no way to paste them into Forums such as this and I was unaware of how this affects your bandwidths. I DO know that we are able to have YouTube videos here, but I wanted to find a way to share some audio clips.

    I will try and respond to all of you in a measured and rational way as opposed to manic and reactionary.
    I will also try and keep my argument focused on finance.

    Now to address your questions from another topic:

    Percy writes:

    Without linking to any video or webpage, explain the following:

    Define the "US lifestyle in the early 70's" and enumerate which of its qualities you think we risk losing and that should be preserved.

    I was ranting. Upon reflection, the only thing I wish that we had now that we had in the 70's is a lower National Debt. The numbers seem totally out of control and nobody seems to care any more.

    There have been periods of higher inflation all through our history. The inflation that began in the 60's and extended through the 70's (Remember Nixon's wage/price controls? It wasn't just the oil shocks of the late 70's causing inflation.) was back to normal by the mid-80's. Explain how we were different from other countries before that period of inflation, and how we were just like them afterwards.

    What I miss is the cocoon of exceptionalism and power that we used to have. And I know how you all will likely respond to that statement!
    Percy writes:

    It isn't money that fills people's hearts with compassion and empathy. It comes from within.

    When I was a kid selling stuff door to door I quickly learned to avoid rich neighborhoods. Rich people would shut the door in your face, while the poor would invite you in, give you a drink, and as likely as not buy something.

    Your view of the world is contradictory, warped, ignorant and cruel.(...)

    What forces and/or circumstances are placing the dollar's status as a global currency at risk?

    The excessive quantitative easing, the suppression of Gold and Silver which should by all logical standards be soaring as high as bit-coin, and the resulting creation of inflation which in my opinion is anything but "transitory".

    The US ranks 15th in quality of life (Standard Of Living By Country 2021). None of the countries in front of us have a global currency, unless you count the Euro which doesn't belong to any single country. How do you explain that, for example, Finland, Estonia, and Slovenia are in front of us?
    Probably because we have a GOP bent on reducing taxes for the rich and also have an enormous and ever-increasing National Debt. Keep in mind, however, that both political parties add to this debt and I fear that kicking the can down the road has reached its limit very soon.

    Percy writes:

    Until you learn how to think through the data and to reason for yourself you'll continue reaching in the dark toward voices that resonate most strongly with you, no matter how nonsensical and fact-free they are.

    I'm working on it, Percy.

    "A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
    ***
    “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

    “The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
    - Criss Jami, Killo

    “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
    (1894).


    This message is a reply to:
     Message 65 by Percy, posted 06-12-2021 3:56 PM Percy has not yet responded

    Replies to this message:
     Message 72 by ringo, posted 07-19-2021 12:47 PM Phat has acknowledged this reply
     Message 73 by nwr, posted 07-19-2021 1:47 PM Phat has responded

      
    ringo
    Member
    Posts: 19124
    From: frozen wasteland
    Joined: 03-23-2005
    Member Rating: 2.6


    (1)
    Message 72 of 77 (887171)
    07-19-2021 12:47 PM
    Reply to: Message 71 by Phat
    07-19-2021 11:24 AM


    Re: Shifty Schiff and the Financial Apologists
    Phat writes:

    One favor that I ask in this thread is if you can help me add a few MP3 audio clips so that I can advance my argument verbally rather than only in writing.


    Y'know... I have a lot of "brilliant" thoughts in my head that turn out to be really, really thin when I try to post them here. A discussion that takes five minutes in my head barely makes two sentences in writing. Which is why a lot of what I have "figured out" in my head never sees the light of day. Putting it in writing makes a big difference (and may still be only half-baked.)

    Which is why I keep encouraging you to put your ideas in your own words - and in writing. Audio clips may still be unconsciously parroting what you have heard.


    "I've been to Moose Jaw, now I can die." -- John Wing

    This message is a reply to:
     Message 71 by Phat, posted 07-19-2021 11:24 AM Phat has acknowledged this reply

      
    nwr
    Member
    Posts: 5722
    From: Geneva, Illinois
    Joined: 08-08-2005
    Member Rating: 4.7


    (2)
    Message 73 of 77 (887172)
    07-19-2021 1:47 PM
    Reply to: Message 71 by Phat
    07-19-2021 11:24 AM


    Re: Shifty Schiff and the Financial Apologists
    I was ranting. Upon reflection, the only thing I wish that we had now that we had in the 70's is a lower National Debt. The numbers seem totally out of control and nobody seems to care any more.

    Then stop voting for Republicans.

    The high national debt is almost entirely due to Republicans. It was part of Reagan policy, to starve the government.

    Obama tried to do something about the debt, but the Republicans blocked him. Biden wants to do something, but the Republicans are blocking him.


    Fundamentalism - the anti-American, anti-Christian branch of American Christianity

    This message is a reply to:
     Message 71 by Phat, posted 07-19-2021 11:24 AM Phat has responded

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    Phat
    Member
    Posts: 15442
    From: Denver,Colorado USA
    Joined: 12-30-2003
    Member Rating: 1.1


    Message 74 of 77 (887184)
    07-21-2021 8:19 PM
    Reply to: Message 73 by nwr
    07-19-2021 1:47 PM


    Re: Shifty Schiff and the Financial Apologists
    nwr writes:

    The high national debt is almost entirely due to Republicans.

    Though Reagan started the escalation, and though Bush and Bush,Inc continued it, Trump was a train wreck with those Tax cuts. That being said, these stimulus entitlements are costing us quite a bit, and so is rebuilding the infrastructure. Hard telling how much a Green New Deal will end up costing, but I understand the differing priorities of each political ideology. The point is that the debt is now hovering at roughly 28 trillion and the point of no return is rapidly approaching. There is simply no way that we can pay it back.

    "A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
    ***
    “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

    “The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
    - Criss Jami, Killo

    “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
    (1894).


    This message is a reply to:
     Message 73 by nwr, posted 07-19-2021 1:47 PM nwr has not yet responded

    Replies to this message:
     Message 75 by Tanypteryx, posted 07-21-2021 9:23 PM Phat has responded

      
    Tanypteryx
    Member
    Posts: 2518
    From: Oregon, USA
    Joined: 08-27-2006
    Member Rating: 4.9


    (3)
    Message 75 of 77 (887187)
    07-21-2021 9:23 PM
    Reply to: Message 74 by Phat
    07-21-2021 8:19 PM


    Re: Shifty Schiff and the Financial Apologists
    Phat writes:

    and the point of no return is rapidly approaching.

    So YOU know what, where, when the point of no return is? What happens when we get there?

    That being said, these stimulus entitlements are costing us quite a bit

    A small percentage of the what all those republican tax cuts for billionaires cost us.

    and so is rebuilding the infrastructure.

    All commerce depends on that crumbling infrastructure. Rebuilding it will enrich the whole country.

    Hard telling how much a Green New Deal will end up costing

    A tiny fraction of what climate change is already costing us. And the price is going up every year.


    What if Eleanor Roosevelt had wings? -- Monty Python

    One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

    If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

    The reason that we have the scientific method is because common sense isn't reliable. -- Taq


    This message is a reply to:
     Message 74 by Phat, posted 07-21-2021 8:19 PM Phat has responded

    Replies to this message:
     Message 76 by Phat, posted 07-22-2021 6:59 AM Tanypteryx has responded

      
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