Visitor Messages

Showing Visitor Messages 1 to 20 of 260
  1. Distance
    08-31-2015 08:46 PM
    Distance
    Coincidentally, another VM arrived seconds before yours. BP sent me a LOL, about the exact same post.
  2. byhisello99
    08-31-2015 08:31 PM
    byhisello99 commented on President Trump?
    You haven't looked at his proposals yet? I thought you had formed an opinion. Perhaps I'm wrong.
  3. byhisello99
    08-28-2015 12:27 PM
    byhisello99
    Very little of the purchase of government debt and private troubled assets was done by printing money. The Fed used the excess cash banks deposit with the Feds for most of it. Which is part of the fragile nature of our current economy.

    Banks have a lot of excess cash on hand because Dodd-Frank made it difficult to loan to small businesses (lots of technical stuff in there, too much for an INTJf message or discussion). Largely, commercial lending is done only to those already big, and much of it is for the purposes of acquisitions. The big keep getting bigger.

    This is fine as long as the regulatory environment favors the big companies over the small one and discourages entrepreneurship. A sea change in the regulatory environment will require rapid deleveraging for the Fed to raise the cash needed to repay the banks.

    Cash for commercial purposes can be generated, of course, by allowing repatriation of the more than $2 trillion stuck overseas. It isn't brought back to the U.S. because it must be taxed at one of the world's highest corporate income tax rates, 35%, and then re-taxed if distributed to shareholders. Until ideology can be leavened with practicality, our government will insist on making "the rich pay just a little bit more," and prove it's doing so by keeping that liquidity locked overseas.

    As an aside, I suspect President Hillary Clinton might allow the money to come home by acknowledging the need to blend practicality with ideology. Her husband did that following the 1994 election, and the result was a balanced budget and an economic boom.
  4. Malkavia
  5. Distance
    08-27-2015 09:40 PM
    Distance
    From my perspective, there was no choice. Unless we wanted a global depression with the fall of the entire financial system, we had to help the banks and insurance companies. I don't want to repeat the entire list of problems but suffice to say, mark to market on their weapons of mass destruction would have flattened not only the banks but every Joe-Bob, Betty Lou, mom and pop shops, businesses from small to global conglomerates with the inability to finance overnight loans to tide over gaps between receivables and deliverables. Don't believe me? Look to how businesses make payroll every month and how firms that invoice, can give thirty days for their clients to pay their bills.

    So, my suggestion benefits Joe Average and ensured that Goldman Sachs didn't close its doors. And before anyone starts spouting about how GS claimed to have been solvent during the near credit crunch, I'm going to throw down the b/s flag since they too were struggling with mark-to-market and the AIG ripple effect sufficient that they retained $2.9B in-house, rather than the fairy tale that they didn't need the bail out money and only sent the money externally to pay off prop trades. They flat out lied.

    http://www.businessinsider.com/goldm...hs-aig-bailout
  6. byhisello99
    08-27-2015 06:11 PM
    byhisello99
    The Fed is not as independent of politics as one would hope. The Fed Governors read the papers. As far as it not adding to the deficit, that's an accounting ruse.

    When Nixon took office he knew he faced two possibilities: defund much of the Great Society, which could not be afforded (and be impeached) or raise taxes dramatically (he would be driven from office, which happened eventually anyway for unrelated reasons). He chose a third way: bring Social Security and Medicare on budget.

    Until then they were off-budget and accumulating gigantic surpluses. Actuaries knew that the surpluses would be needed starting around 2005, so the problem wouldn't happen on Nixon's watch. He brought them on-budget and suddenly their surpluses looked like government surpluses. They were used by both parties pretty equally to buy votes.

    In 1996 actuaries reminded Clinton of the impending disaster coming in 2005. The money in the funds isn't actually money, it's only government IOUs. Clinton was urged to address entitlement reform before the gozouta began seriously exceeding the gozinta. Dole called fore that, and Clinton claimed that Dole was trying to take away people's social security and medicare. Clinton won with in 1996 with a plurality, not a majority, and his margin was made up of retired citizens afraid that Dole would take away their benefits.

    After the election Clinton asked Dole to chair a commission to do what Dole had called for in the campaign: fix entitlements. For some reason Dole found himself too busy.

    I have to go back to Friedman on this. There is no free lunch.
  7. byhisello99
    08-27-2015 10:04 AM
    byhisello99 commented on Liberal Trickle Down Economics
    A conservative Republican proposed giving everyone $40K a year and letting the chips fall where they may. I'm not smart enough to figure out whether that's good or bad.
  8. byhisello99
    Your topic and post are fine. Too bad it descended into diatribe.
  9. byte me
    08-05-2015 05:48 AM
    byte me
    So are you trying to tell me that I can't see when you've deleted other people's posts, only mine?

    What happened is Meglo expressed a controversial opinion and Madden pried into, expressed derogatory sentiment towards, and tried to discredit Meglos post on the basis of his personal beliefs. Whether or not I agree with what someone has said if people are personally attacked like this for expressing their views this is no longer a place for civil discourse. I don't understand why I have to go back and use the report function (which wouldn't be effective anyway since it's multiple posts) when you know the posts and thread I am talking about as you have personally moderated it.

    My point is none if it should have happened (except meglos original post) and all of it should have been deleted. Instead you deleted my posts and left Maddens purposefully inflammatory personal attacks intact.

    Here's an out of line post by madden that was not deleted:
    http://intjforum.com/showpost.php?p=...6&postcount=20

    Meglo calls him out:
    http://intjforum.com/showpost.php?p=...3&postcount=21

    Not a damn thing is done about it though,

    Again:
    http://intjforum.com/showpost.php?p=...5&postcount=22

    Yet more fishing for personal beliefs and off topic posts by madden against meglo:
    http://intjforum.com/showpost.php?p=...1&postcount=29

    Yet you think MY post is the one that is hijacking the thread and inflammatory when in fact it's the opposite.
  10. byhisello99
    Science proved the earth was flat. Science proved the superiority of the white man. Fortunately, today we're advanced and our science is perfect. I prefer presenting issues with minimum cherry-picking of data. That, however, is really difficult.
  11. byte me
    08-04-2015 09:00 AM
    byte me
    Lol so you think it's okay for madden or w/e to harass that guy about his religion? That's off topic, and frankly I think it's fucked up that mods sit back and let that happen when they claim to be fair.
  12. Doggzilla
    03-27-2015 06:58 AM
    Doggzilla
    That's actually just the force that will snap the spinal cord. Which is pretty important to most people...
  13. larkin
  14. tooboku
    03-24-2015 07:01 AM
    tooboku
    haha! excellent avatar!
  15. TheGhostAgent
    03-16-2015 06:12 AM
    TheGhostAgent
    Thanks and np! I had them separated out in quotes to make it easier for people to follow the reading in sections given how long most of my posts are.
  16. titi monkey
    02-28-2015 02:55 AM
    titi monkey commented on NASA Study Predicts "Super Drought" in U.S.
    Very well stated.
  17. zeroemission
    02-25-2015 12:12 PM
    zeroemission commented on Post whatever amused you on the net today
    i was wondering, a little, but the authors' kanji looked legit
  18. Zsych
    02-24-2015 01:56 PM
    Zsych commented on Liberty vs. Democracy
    So true.
  19. spect
    10-17-2014 03:10 PM
    spect
    thought so, wasnt completely sure though
  20. spect
    the paris french sometimes like to ask tourists "what do you think of the eiffel tower?" some think its ugly and out of place esp compared to the surrounding historical architecture and culture, otoh its an example of how they still like to be modern in similar ways to their museum of modern art and the pyramids added to louvre... so its a no win trick question they like to test for if someone takes a stand either way.

    the best answer the french like is "well, i think its very controversial" which keeps it neutral and comes off as cultured and informed, diplomatic.

About Me

  • About Daoist
    Gender
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    Beijing
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    Consultant
  • Personality
    MBTI Type
    INTP
    Brain Dominance
    Right

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