teo

Auburn, NY

#44 Sep 17, 2012
Truthy,

I paid for that road.

Or are you too stupid to know where that road came from?

It came from taxes and in the case of the road that passes in front of my business it WAS originally built with private funds. They used to call those "turnpikes", you might want to google that word.

Any money that government uses used to come from taxes on commerce.

Now it comes from foreign bond buyers.

Well it used to but now those buyers are a bit balkish and so our own Federal Reserve buys the US's own debt.

As of the last auction the Federal Reserve owns 61% of the US's bonds. That tells us that our bonds aren't selling well at auction.

What happens when the Federal Reserve holds an auction and there are no buyers?

Does the Fed buy even more debt by printing more money?

Doesn't that ruin the thrift of savers and drive up the prices of commodities?

Of course it does.

After the last rounds of "Quantitative Easing" food and fuel prices jumped immediately but those prices are not represented in the government inflation indices.

You would tell us that they are excluded because they are "Too volatile". They are excluded because they truly are the barometer of inflation. I believe that nonsense began in the seventies, under which administration I am not sure.

But anyone who doesn't see that that omission masks the real inflation rate doesn't eat, heat their home or buy fuel of any sort.

Or they just are naive, foolish or political water boys for the current administration.

PS, and I expect Mr Gleck to show up and call me a "pseudo" something or another.
teos son

United States

#45 Sep 17, 2012
I frequently shop Adult World. It is my favorite store.
Julio

Watertown, NY

#46 Sep 17, 2012
jue no im a litle ma. you no. thatsa mean man,, com on bro what da heck

Level 7

Since: May 11

Location hidden

#47 Sep 17, 2012
teo wrote:
Truthy,
I paid for that road.
Or are you too stupid to know where that road came from?
It came from taxes and in the case of the road that passes in front of my business it WAS originally built with private funds. They used to call those "turnpikes", you might want to google that word.
Any money that government uses used to come from taxes on commerce.
Now it comes from foreign bond buyers.
Well it used to but now those buyers are a bit balkish and so our own Federal Reserve buys the US's own debt.
As of the last auction the Federal Reserve owns 61% of the US's bonds. That tells us that our bonds aren't selling well at auction.
What happens when the Federal Reserve holds an auction and there are no buyers?
Does the Fed buy even more debt by printing more money?
Doesn't that ruin the thrift of savers and drive up the prices of commodities?
Of course it does.
After the last rounds of "Quantitative Easing" food and fuel prices jumped immediately but those prices are not represented in the government inflation indices.
You would tell us that they are excluded because they are "Too volatile". They are excluded because they truly are the barometer of inflation. I believe that nonsense began in the seventies, under which administration I am not sure.
But anyone who doesn't see that that omission masks the real inflation rate doesn't eat, heat their home or buy fuel of any sort.
Or they just are naive, foolish or political water boys for the current administration.
PS, and I expect Mr Gleck to show up and call me a "pseudo" something or another.
A little defensive, aren't we? Taxes paid for that road. Not just your taxes, but the taxes paid by the millions of people living in this state and in this country. But that's my whole point. Or are you too stupid to understand that?

As for "private roads", are you saying that the US economy does not need public roads? Really? We can operate a 21st century modern economy without any public roads? LMFAO!

As for "foreign bond holders", who cares? Most of our debt is owned by the US government, the fedral reserve, or US individuals or institutions. And even if it weren't again, it does not matter beyond shallow jingoism. I can post more on this, but maybe try reading something about monetary policy and how public debt works in a country with a sovereign currency.

As to your question about the federal reserve holding an auction and having no buyers, that would be a very bad thing. So would a asteroid hitting Chicago. Or an alien invasion. Your point being....? There is no shortage of buyers. If there was such a shortage, you would be seeing a massive sell-off of governmenet debt, a gigantic spike in interest rates, and financial chaos. All of which has not, and will not, happen. For a more thorough explanation of basic monetary theory, please google Ronald Reagan's favorite economist, Milton Friedman. I beg you. Please.

And finally, because I have to work in the morning, food prices and energy prices are not driven by monetary policy, at least not in this instnace. The recent spike in energy prices, as almost always is the case, was driven by the world demand for crude oil. Plain and simple. There is some manipulation of futures prices, but that is not the driving force here. And food prices have been driven by WEATHER. You've heard of the massive climate upheaval we've been experiencing, haven't you? Corn prices? Drought? Glbal Warming? Hello?

Oh, and why does the US government or the Federal Resere owe rich asset holders a certain rate of return on their investment, but have no obligation to the millions of unemployed suffering in this economy?

You sound like Herbert f.cking Hoover. Google him, too.
teo

Liverpool, NY

#48 Sep 20, 2012
Truthy,

I was trying to be polite but at this point it is a fools errand.

You have to be the most foolish and ignorant poster here on topix.

You not only believe that professor Krugman is a genius but you obviously don't buy food or fuel or anything that keeps us in the modern world.

You believe that economies can be congered up by mystical decisions from the federal reserve. I'm sure at this point that you think Alan Greenspan was a genius.

You also seem to believe that the fed printing currency with no backing will not cause inflationary pressures.

Man the stupid, it hurts so much.

Quite frankly you are an absolute clown as is represented by your avatar. I would have to assume you are as ignorant as Bodhi, observer and the rest of your silly clown car denizens. And there are many.

You cannot explain your arguments and so have to resort to typical dissemblance.

"FOX!!!", "Limbaugh!!!" &c...

What passes for intellect on the left is something I haven't experienced since I was on the playground when I was a child.

I used to be a member of the Left and then I grew up.

Some people never grow up and blame their own failures on others because children are never responsible.

What a pathetic bunch of whiners your side has become.

And YOU in particular.

Level 7

Since: May 11

Location hidden

#49 Sep 21, 2012
teo wrote:
Truthy,
I was trying to be polite but at this point it is a fools errand.
You have to be the most foolish and ignorant poster here on topix.
You not only believe that professor Krugman is a genius but you obviously don't buy food or fuel or anything that keeps us in the modern world.
You believe that economies can be congered up by mystical decisions from the federal reserve. I'm sure at this point that you think Alan Greenspan was a genius.
You also seem to believe that the fed printing currency with no backing will not cause inflationary pressures.
Man the stupid, it hurts so much.
Quite frankly you are an absolute clown as is represented by your avatar. I would have to assume you are as ignorant as Bodhi, observer and the rest of your silly clown car denizens. And there are many.
You cannot explain your arguments and so have to resort to typical dissemblance.
"FOX!!!", "Limbaugh!!!" &c...
What passes for intellect on the left is something I haven't experienced since I was on the playground when I was a child.
I used to be a member of the Left and then I grew up.
Some people never grow up and blame their own failures on others because children are never responsible.
What a pathetic bunch of whiners your side has become.
And YOU in particular.
Where in this thread did I mention Fox or Rush Limbaugh?

We are now in round 3 of QE. Where is the massive inflation? Again, food prices and energy prices are NOT driven by the money supply. That's not dissembling. That is a simple fact. Please, google Milton Friedman.

You keep predicting runaway inflation, runaway inflation, runaway inflation! And it does not exist. We are at the zero lower bound. We are in a depressed economy caused by a financial crisis. There is massive room for expansive monetary and fiscal policy. That's why after 3 rounds of QE and multiple years of government deficits, there is no inflation. That is a simple fact. Here's another one: you have no idea what you're talking about.

Milton Friedman. He was Reagan's man. It's safe to look him up.

Level 1

Since: Aug 12

Location hidden

#50 Sep 21, 2012
I started this thread as a joke teo. I'm not putting anyone down or separating people into classes. I am also nowhere near a coffee shop.
It may be in bad taste, but it's only humor.
teo

Liverpool, NY

#52 Sep 22, 2012
Truthy,

Apparently you are the unique person who doesn't eat.

Or heat their home.

Or drive their automobile.

Or is rational in the least bit.

But you keep on eating Krugman's philosophy because it is about as intellectually nutritious as the government's "food pyramid".

Just keep on eating those intellectual carbs and you'll be fat and happy.

And intellectually flabby. And soft. And intellectually crippled at a younger age.

Or am I repeating myself?

Level 7

Since: May 11

Location hidden

#53 Sep 22, 2012
teo wrote:
Truthy,
Apparently you are the unique person who doesn't eat.
Or heat their home.
Or drive their automobile.
Or is rational in the least bit.
But you keep on eating Krugman's philosophy because it is about as intellectually nutritious as the government's "food pyramid".
Just keep on eating those intellectual carbs and you'll be fat and happy.
And intellectually flabby. And soft. And intellectually crippled at a younger age.
Or am I repeating myself?
Explain how monetary policy now causes droughts. Or increased world consumption of oil. I'm dying to know.
DKP

Syracuse, NY

#54 Sep 23, 2012
OK, I mop the floors at Adult World. And then I go home to Secition 8 housing and fap my little penor to gay cop porn.

Level 9

Since: Jun 10

Location hidden

#55 Sep 23, 2012
Truth Dig wrote:
<quoted text>
Explain how monetary policy now causes droughts. Or increased world consumption of oil. I'm dying to know.
You have your own personal thread with teo,take the bullshit there.

Level 1

Since: Aug 12

Location hidden

#56 Sep 23, 2012
KY WELLER wrote:
<quoted text>You have your own personal thread with teo,take the bullshit there.
They destroyed my beautiful thread.

Level 7

Since: May 11

Location hidden

#57 Sep 23, 2012
How far can you take a thread about who is mopping up semen at adult world?
teo

Liverpool, NY

#58 Sep 23, 2012
Truthy,

Droughts? Did I mention them?

If I did it might have been about the central valley of California having lost a large amount of fertile land because there is some moon eyed fry that might be endangered because water that has been diverted for irrigation for the last one hundred years is disallowed by the EPA.

As opposed to the endangered farmers who have raised crops for over one hundred years on land that was formally irrigated but can't be anymore because some tiny fish might be harmed.

People are no longer employed as farm hands, pickers or brokers of the crops that used to be raised there.

Unemployment is over twenty percent because of this federal ruling.

Those people are probably happy to mop up the porn galleries that are frequented by federal bureaucrats who seem to get their jollies destroying the lives that they used to know.

I am sure they would be happy to mop up after you when you think you have made a point here on Utica Topix.
teo

Liverpool, NY

#59 Sep 23, 2012
As for "oil",

The price of fuel oil and gasoline is priced in US dollars. When the US currency is inflated the price of "oil" increases. If that commodity were produced within our own borders it might be priced lower but since it is an internationally traded commodity probably it won't.

You seem to be convinced that devaluing the US Dollar is a good thing but you have no proof that it is.

That speaks volumes about your trust in Krugmenesque economic fantasies.

It also speaks volumes about your own economic ignorance.

Level 7

Since: May 11

Location hidden

#60 Sep 23, 2012
teo wrote:
As for "oil",
The price of fuel oil and gasoline is priced in US dollars. When the US currency is inflated the price of "oil" increases. If that commodity were produced within our own borders it might be priced lower but since it is an internationally traded commodity probably it won't.
You seem to be convinced that devaluing the US Dollar is a good thing but you have no proof that it is.
That speaks volumes about your trust in Krugmenesque economic fantasies.
It also speaks volumes about your own economic ignorance.
Again, this is a truly tiresome exercise. You don't even know what the point of monetary policy is. Please google Friedman for a pretty simple discussion of monetary policy in a depressed economy and inflation.

Yikes.

Level 7

Since: May 11

Location hidden

#62 Sep 23, 2012
teo wrote:
Truthy,
Droughts? Did I mention them?
If I did it might have been about the central valley of California having lost a large amount of fertile land because there is some moon eyed fry that might be endangered because water that has been diverted for irrigation for the last one hundred years is disallowed by the EPA.
As opposed to the endangered farmers who have raised crops for over one hundred years on land that was formally irrigated but can't be anymore because some tiny fish might be harmed.
People are no longer employed as farm hands, pickers or brokers of the crops that used to be raised there.
Unemployment is over twenty percent because of this federal ruling.
Those people are probably happy to mop up the porn galleries that are frequented by federal bureaucrats who seem to get their jollies destroying the lives that they used to know.
I am sure they would be happy to mop up after you when you think you have made a point here on Utica Topix.
No, you didn't mention droughts, which is truly remarkable, considering you were speaking of the recent increase in food prices. Hence, my point.

I have no idea about what is going on in California in this particular instance. It is possible that what you reference is the result of bad public or regulatory policy. If so, I would advocate a correction. That doesn't mean that all government regulation is evil. No more than Wall Street's causing the worst economic calamity since the Great Depression means we should outlaw banks.

Level 7

Since: May 11

Location hidden

#63 Sep 23, 2012
Ian Hob wrote:
<quoted text>Good to see you're still around! I gave up on that Truth Dig fool years ago. He's still blaming everything under the sun for Obama's stellar failures I see!
The chickens of this decades-long distraction and propaganda have come home to roost.
More like you gave up getting your ass handed to you, by me.
teo

Liverpool, NY

#65 Sep 23, 2012
If I didn't mention droughts why did you accuse me of the same? Although I did point out Federal over reach on a serious issue you have now changed your argument.

"Never mind" is not an argument.

As far as someone as simplistic as you referring to Milton Freeman and implying I have no idea what his theories are is insulting.

You are really a true representation of your avatar.

A clown. Especially when it comes to economics.

Or actually having read those whom they cite.
His name

Utica, NY

#66 Sep 24, 2012
His technical name per his job duties is, Spunk Mop Jockey!

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