Pre stimulus Fed. printing.
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http://research.stlouisfed.org/fred2/series/AMBNS
If that doesn't make you wonder what the hell the Fed. is doing, I don't know what will.
Quick summary of it by Glenn Beck, done objectively IMO (awaits for an idiotic far left comment from Delslow): http://www.foxnews.com/video2/video08.html?maven_referralObject=3479955&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/glennbeck/
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DelSlow;258884 wrote:
Naw man, no comments on that. Whatever Glen Beck says has gotta be true.ps. apparently im far left
I would consider anybody that says they would support Al Franken (as you have done in previous threads) to be far left, so yes, you are...
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DelSlow;258889 wrote:
BTW that video doesn't work. Gets like 1/2 done then slams you with some different Glen Beck socialism yada yada video...Double posting is sweet.
The video is only 4 min. long...And I'm done about Franken as I could argue that back and forth with you all day...that isn't what this thread is about.
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god i could go on all day about will and his shitty political views..... seriously he is retarded
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Money?
here a psht, there psht, everywhere a psht psht
PVC SQUAD MEMBER #2- 95 CIVIC EX- DD 320whp on a mustang dyno
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I would have sworn that back in '04 when I posted my reasons for not voting for Bush that you said you couldn't care less about deficit spending because it didn't matter.
http://fargostreet.com/forums/showthread.php?p=10385&highlight=deficit#post10385
Second point is that the money that is printed is backed by Treasury Bills/Bonds/Notes. http://www.thesimpledollar.com/2007/01/04/making-sense-of-treasury-securities-treasury-bills-notes-and-bonds/ <---decent explanation on how this all works....and as you can see by the definition here, this is how we get in debt with other countries, they buy up the bonds/bills/notes and we spend the money.
So, the question now Dave is which is it? Do you want us to pay off our debt or doesn't it matter?
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Trafik Jamz;258908 wrote:
I would have sworn that back in '04 when I posted my reasons for not voting for Bush that you said you couldn't care less about deficit spending because it didn't matter.http://fargostreet.com/forums/showthread.php?p=10385&highlight=deficit#post10385
LOLZ!?! First, we aren't discussing deficit spending, we are discussing the incredible amount of money that the fed is printing. Second, I'm guessing you didn't read the link you posted or else you are just spinning like a top.
Trafik Jamz;258908 wrote:
Second point is that the money that is printed is backed by Treasury Bills/Bonds/Notes. http://www.thesimpledollar.com/2007/01/04/making-sense-of-treasury-securities-treasury-bills-notes-and-bonds/ <---decent explanation on how this all works....and as you can see by the definition here, this is how we get in debt with other countries, they buy up the bonds/bills/notes and we spend the money.The point is that the astronomical amount of money they are printing right now is going to come back and bite us in the ass. It's going to devalue the dollar and bring on inflation a little ways down the road.
Trafik Jamz;258908 wrote:
So, the question now Dave is which is it? Do you want us to pay off our debt or doesn't it matter?I still have no idea what makes you think I don't want to pay off the debt. Please quote anything in that link that states that. The only thing that even remotely resembles that is when I said
"Ok, seriously now... to pay off some of the deficit (I'm not so sure that running in the red a little is a bad thing), we have to do 2 things. Lower spending and increase income (duh)."
DaveH
'94 Supra- 7.77 @ 176mph -
DaveH;258915 wrote:
LOLZ!?! First, we aren't discussing deficit spending, we are discussing the incredible amount of money that the fed is printing. Second, I'm guessing you didn't read the link you posted or else you are just spinning like a top.I guess I based it on the first line of that and didn't read the rest. My bad there...
But isn't deficit spending basically doing just that...spending more than we have assets for?
http://encarta.msn.com/dictionary_1861688951/deficit_spending.html
The point is that the astronomical amount of money they are printing right now is going to come back and bite us in the ass. It's going to devalue the dollar and bring on inflation a little ways down the road.
Agreed, dollar devaluation is a bad thing
I still have no idea what makes you think I don't want to pay off the debt. Please quote anything in that link that states that. The only thing that even remotely resembles that is when I said
[QUOTE]"Ok, seriously now... to pay off some of the deficit (I'm not so sure that running in the red a little is a bad thing), we have to do 2 things. Lower spending and increase income (duh)."[/QUOTE]
How about this line?
DaveH;10385 wrote:
IMO, the first flaw in this is that we have to pay it back.... Heck, none of the countries that owe us billions of dollars ever plan on paying it back!
This article in wikipedia (yeah, I know...copy paste by chuck again...and to wikipedia even...thank god for google...yada yada....) is worth a read as well.
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DrifterExtreme;258898 wrote:
god i could go on all day about will and his shitty political views..... seriously he is retardedAnd what did I do/say? What are my shitty beliefs? Humor me. I'm about 90% sure I at least know what I'm talking about with my political beliefs. That's the great thing about this country, I can believe whatever I want, and you can believe whatever it is that you want. Cool huh? Next time you talk about something ill be sure to chime in and call you retarded, as you are vastly more educated in the matters and the concept of Economics than I.
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LOL
here a psht, there psht, everywhere a psht psht
PVC SQUAD MEMBER #2- 95 CIVIC EX- DD 320whp on a mustang dyno
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the only decent explanation i have heard for spending a ton of money is to avoid deflation. nobody buying anything will lower prices to the point where businesses cant or wont invest any longer.
thats the beauty of economics... nobody is right until somebody is wrong.
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DelSlow;258927 wrote:
And what did I do/say? What are my shitty beliefs? Humor me. I'm about 90% sure I at least know what I'm talking about with my political beliefs. That's the great thing about this country, I can believe whatever I want, and you can believe whatever it is that you want. Cool huh? Next time you talk about something ill be sure to chime in and call you retarded, as you are vastly more educated in the matters and the concept of Economics than I.Do not question the great Groshong. He will have a temper tantrum and start to compare who has more blocks and who he feels has more mechanical ability. It is really rather sad to watch someone as old as he is bawl like a 5 year old.
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