It is refreshing and important to note-as Bill does, that BOTH parties are in on it. The US Treasury has been bleeding money since the 2017 tax bill which gave corporations a big break and at the same time had people like me paying more. "That's impossible, since they lowered (most of) the tax brackets!" you say? Yes, but for people with decent but moderate retirement incomes it was not nearly enough to offset the loss of the $4050 personal exemption. Trust me I know. I do my own taxes page by page with no computer program-pension, dividends, the works. They did increase the standard for itemized deductions, but again, not nearly enough of an offset. I see I'm the first comment today-was wondering where the Putin worshipers that usually hound me are in the wake of his murdering 9 people to get to the one he wanted yesterday.
Harry, you bring up a good point on Putin. That was exactly what this event pointed out to me. However, Putin is fighting the lies of our leaders. So the whole charade becomes one set of liars versus another set of liars. It's often hard to understand which set of liars is worse for my personal health and wealth.
Mackinac, I fully understand the dilemma of your last statement. Not to be redundant, but in earlier posts what I've said is that I don't understand the mass crimes against humanity, what ever lies he may have been told. Can't bring myself to believe his bombing of the Ukrainian grain stores was logistically critical to the military effort. Did an earlier post about how he had diplomatic options in Crimea, but chose force instead. These are just starters. I'm not an ideologically driven person, left or right, but after years of observation, this man has serious problems. The continuing war is hard evidence he did not think this thing through. It's not just me-Sweden and Finland placated him for years & stayed out of NATO. Not after what he did in Ukraine. For whatever America's faults, at 73, I come and go as I please and live a full life in a financially and socially stable environment. It's difficult for me not to feel for those who, for reasons beyond their control, will never attain similar. Because of that, I'm perfectly cool if you think of me as naive or unrealistic. Thanks for the comment.
I didn't think of you as naive or unrealistic in the least. I thought your comment was something important for me to consider, a reminder, since this airplane "accident" was typical Putin. He is criminal and this raid upon Ukraine is criminal. I was only pointing out that our leaders are lying at every turn just like Putin. Nothing really justifies killing 350,000 people which we are involved in too. But as with everything these days there is no integrity anywhere. All these big time leaders are always pushing into areas where they don't really know what they are doing in my opinion both from an economic perspective and war perspective. So my perspective is that someone, on their side our ours, should step up with some integrity and honesty. (We promised Russia we wouldn't move the satellites into NATO and then we ousted Ukraine's Democratically elected leader through a coup and installed Zelensky hence not much honesty or integrity there. Plus the pipeline etc.) I would like to see integrity in our leaders which I believe would work toward peace and trade. So maybe I'm the one being unrealistic.
Do you really think we were behind the overthrow of the guy Paul Manafort was trying to keep in power? I have my doubts. Nevertheless, can't argue that integrity is in short supply. One of the great sources of satisfaction in life for me is that I don't have to parrot the party line and compromise my integrity for any cause or person-it's a great feeling and I personally recommend it to anyone! In that regard, I remain fascinated at the whole Trump thing and how people compromised themselves en masse to do his dirty work-not to mention their careers and law licenses. I retired 10 years ago and began to study Freud, and can see how deep seated neurosis plays a part in politics and hero worship-scary man! AND, regardless of what happens his people talk about him like the second coming: like how it's every American's civic dream to have a criminal in the White House. Personally, I'll pass on the gang psychology.
Hey Harry. How free did you feel and they locked you in your home for two years? When they close the churches? Most definitely unconstitutional. At least Putin is not going along with the transgender BS.
I wasn't locked in my home for 2 years. I don't go to church, but I'm aware of a number of local congregations from Catholic, to Evangelical, to Orthodox Jewish that went to church and suffered severe outbreaks. Farmer, try to understand the hospitals were so crowded people were dying in hallways. Backing a murderer committing crimes against humanity like Putin because he is anti gay/transgender/whatever isn't logic-it's neurosis and a prime example of what plagues the religious right. Study some Freud. He nailed it over 100 years ago. The reason murder or people dying of plague, or for that matter, the constant lying of Trump does not bother the neurotic religious mind but transgender/gay does, is tied to the cause of the neurosis and the need to feel forgiveness. In countless 10's of thousands of hours of analysis, Freud and his associates could find only one cause for the neurosis. UNRESOLVED FEELINGS FOR THE PARENT OF THE OPPOSITE SEX. It is what drives people's need for forgiveness and the neurosis' by products of fear, guilt, and sexual repression are what fills the collection baskets. True spirituality, or say, walking in the footsteps of Jesus is very different from "religion", especially the "collection basket theology" versions of modern Western Christianity. That kind of unrelenting insanity displayed by the religious right is exactly why I'm no longer involved in the thread.
And Farmer, that's all before we get to the selfish, hypocritical supposedly Christian members of the right who wouldn't put on a mask (supposedly not to compromise their principles) to protect people in my age bracket (early 70's). You can talk about all the constitutional principles you want, but that behavior was pathetic. Sometimes in society we must do can for the safety of others. I think Jesus demands it.
I don’t know how we got off Putin but we did somehow. I go to church but it is not about religion is about my personal relationship with God. If you feel a virus that kills 3/10 of 1% of the people get it is dangerous I don’t even know what to say. After June 2020 when I knew it was all a scam. I did not wear a mask anywhere. I am 71 years old. I work out six days a week and I am 6 foot five 240 pounds. I keep my weight at 2:40 through hard work and discipline. I have to ask my last question. Are you vaccinated? That would explain a lot. Let me know Harry.
Still asleep, perhaps? It's amazing to me that putin has fanboys, I mean, outside of Russia, where you kind of have to be. Some putin fanboys have even said that our three letter agencies took down the plane Prigozhin was on.
Very interesting Pete! Kinda looks like just some other forms of building un-necessary cities. Certainly makes a statement about centrally planned economies! I can see why governments must control the media i.e. it would be the only way to cover up the illogic nature of their narrative and plans. Climate Change isn't much different in the EU and US these alternative energy plans raise the price of energy hence I rest my case.
Brian, reminds me of the scene in Casablanca, where Humphrey Bogart says to Ingrid Bergman "Go ahead and shoot, you'll be doing me a favor". We had guys at the Post Office like that: Shoot me! It can't get any worse!
GF: It makes you feel better (sometimes releases frustration). I was disappointed. Too many candidates and no real hard questions and not enough time for each to speak...well, Ramaswamy managed to do alright time-wise.
Should we laugh or cry,over the stupidity of elected officialsAtleast BPR.gives us some sanity.I hope Argentina does vote in a libertarian leader,just maybe the American people will wake up and realize its time to pull their heads out of their sandbox and vote for an alternative choice.
Joel, great comments. It seems none of these politicians ever bothered to think about what they are doing. Amazing! Yes even Kelton said that you could print until it created inflation. I guess the imbeciles need a new professor Kelton to describe away inflation. Maybe Krugman can up with a $150 Trillion dollar coin, OH! and a Nobel prize to confirm integrity of the "solution".
Apparently Kelton, Bernal and Carlock didn't study mathematics. Just suppose that everyone in the US had infinite dollars. How much would your dollar be worth to the next guy while he also has infinite set of dollars? What is truly amazing is that all our politicians both Democrats and Republicans whose primary job is to manage our money yet they don't understand the most important concept of money, confidence in its value or scarcity.
Great article as always. I would love to have an opinion piece on cryptocurrency - I haven't ever seen a straightforward explanation as to how these digital currencies have any value.
I think the moral of today's story is to buy more euros this weekend before the exchange rate drops to .82. We are well on the way to the cheapedt dollar we jave ever seen.
Very simple indeed, The US (Feds) can continuously continue to print money with no limits without significantly affecting the currency value of the US dollar because the US dollar is like the gold standard of the world and therefore it serves and encompasses a global outreach population of nearly 8 billion people. It is not profoundly isolated to one region like the Argentinian dollar, so it has a lot of room to grow without losing inflationary value.
Printing an additional 100 trillion Argentinian dollars is not the same as printing an extra
100 trillion US dollars. The effect is significantly different. The Argentinian dollar would obviously devalue by at least 20 points based on differential equation synopsis
Algebraic theory while the US dollar may actually go up in value because of the global impact effect of its worth and statistical frame data analysis that perceives a longitude compass degree line of elevation not demarcation.
So keep printing away Mr. Fed, there are not enough years on the financial global calendar to realistically inflate the dollar by overprinting, that is a bunch of hogwash, exactly the same as “global warming” both nothing but pie high charlatan scams developed through Liberal non-sequiturs.
The unlimited spending is a problem, but the reason we get away with it is because 60-65% of the nations of the world have their reserves in UD dollars and probably for good reason given our military and political strength. You fail to mention that. The comment on global warming doesn't even deserve a reply.
Undeniable proof of the “New World Order” although there is absolutely nothing new about it, since it has been around for over 5,000 years! Hahaha
65% is a modest number, although I will take those odds in Vegas any day. That’s not too include the wealth of Buffett, Bezo’s, Musk, Zuckerberg, and the rest of those bozos! More like 75% percent is a more accurate figure, figuratively speaking. 😂
“Global Warming”, like your drinking buddy Biden promotes, “C’mon Man”, hahaha, The world is flat is more believable than that nonsense!
No, actually it has been historically about 67% or 2/3, but has been dropping recently. That's why at the Treasury auctions, we always have takers. Do you know what a treasury auction is, Egypt? For something that doesn't exist, the Pentagon spends a lot of time concerned with the dislocation of people in low lying areas as well as unrest due to a falloff in crop production. But as I said last week, that wouldn't concern people like you since it's not YOUR self centered ideological behind that's going to starve.
Wow. You're quite the little libtarde charmer, aren't you? Arrogant in your profound ignorance, like so may of your useless cohorts.
Here's a tip - you are not "enlightened" nor are you more intelligent than everyone else here. That is ALL in your mind, no matter how sanctimonious or snarky you get. You are in fact indoctrinated and performing as a useful idiot to the evil ones among us.
Never claimed enlightenment. The person I was responding to claimed a knowledge of wisdom. He was as mistaken as you are. At least get the facts straight.
Alex, yeah, right. I'm sure the CIA has nothing better to do! Sudden Russian Death Syndrome? Correct me if I'm wrong, but I don't think there's a vaccine for that disease. Wonder if Pfizer has one in the pipeline? (Hopefully not to be consumed with tea!)
Haha, I read too much, so I get the reference; in the 60's (? I'm going by memory) a Bulgarian, or maybe it happened in Bulgaria, assassinated someone by applying poison through a sharp pointy umbrella tip. Good analogy to the clot shot.
It is refreshing and important to note-as Bill does, that BOTH parties are in on it. The US Treasury has been bleeding money since the 2017 tax bill which gave corporations a big break and at the same time had people like me paying more. "That's impossible, since they lowered (most of) the tax brackets!" you say? Yes, but for people with decent but moderate retirement incomes it was not nearly enough to offset the loss of the $4050 personal exemption. Trust me I know. I do my own taxes page by page with no computer program-pension, dividends, the works. They did increase the standard for itemized deductions, but again, not nearly enough of an offset. I see I'm the first comment today-was wondering where the Putin worshipers that usually hound me are in the wake of his murdering 9 people to get to the one he wanted yesterday.
Harry, you bring up a good point on Putin. That was exactly what this event pointed out to me. However, Putin is fighting the lies of our leaders. So the whole charade becomes one set of liars versus another set of liars. It's often hard to understand which set of liars is worse for my personal health and wealth.
Mackinac, I fully understand the dilemma of your last statement. Not to be redundant, but in earlier posts what I've said is that I don't understand the mass crimes against humanity, what ever lies he may have been told. Can't bring myself to believe his bombing of the Ukrainian grain stores was logistically critical to the military effort. Did an earlier post about how he had diplomatic options in Crimea, but chose force instead. These are just starters. I'm not an ideologically driven person, left or right, but after years of observation, this man has serious problems. The continuing war is hard evidence he did not think this thing through. It's not just me-Sweden and Finland placated him for years & stayed out of NATO. Not after what he did in Ukraine. For whatever America's faults, at 73, I come and go as I please and live a full life in a financially and socially stable environment. It's difficult for me not to feel for those who, for reasons beyond their control, will never attain similar. Because of that, I'm perfectly cool if you think of me as naive or unrealistic. Thanks for the comment.
I didn't think of you as naive or unrealistic in the least. I thought your comment was something important for me to consider, a reminder, since this airplane "accident" was typical Putin. He is criminal and this raid upon Ukraine is criminal. I was only pointing out that our leaders are lying at every turn just like Putin. Nothing really justifies killing 350,000 people which we are involved in too. But as with everything these days there is no integrity anywhere. All these big time leaders are always pushing into areas where they don't really know what they are doing in my opinion both from an economic perspective and war perspective. So my perspective is that someone, on their side our ours, should step up with some integrity and honesty. (We promised Russia we wouldn't move the satellites into NATO and then we ousted Ukraine's Democratically elected leader through a coup and installed Zelensky hence not much honesty or integrity there. Plus the pipeline etc.) I would like to see integrity in our leaders which I believe would work toward peace and trade. So maybe I'm the one being unrealistic.
Do you really think we were behind the overthrow of the guy Paul Manafort was trying to keep in power? I have my doubts. Nevertheless, can't argue that integrity is in short supply. One of the great sources of satisfaction in life for me is that I don't have to parrot the party line and compromise my integrity for any cause or person-it's a great feeling and I personally recommend it to anyone! In that regard, I remain fascinated at the whole Trump thing and how people compromised themselves en masse to do his dirty work-not to mention their careers and law licenses. I retired 10 years ago and began to study Freud, and can see how deep seated neurosis plays a part in politics and hero worship-scary man! AND, regardless of what happens his people talk about him like the second coming: like how it's every American's civic dream to have a criminal in the White House. Personally, I'll pass on the gang psychology.
Hey Harry. How free did you feel and they locked you in your home for two years? When they close the churches? Most definitely unconstitutional. At least Putin is not going along with the transgender BS.
I wasn't locked in my home for 2 years. I don't go to church, but I'm aware of a number of local congregations from Catholic, to Evangelical, to Orthodox Jewish that went to church and suffered severe outbreaks. Farmer, try to understand the hospitals were so crowded people were dying in hallways. Backing a murderer committing crimes against humanity like Putin because he is anti gay/transgender/whatever isn't logic-it's neurosis and a prime example of what plagues the religious right. Study some Freud. He nailed it over 100 years ago. The reason murder or people dying of plague, or for that matter, the constant lying of Trump does not bother the neurotic religious mind but transgender/gay does, is tied to the cause of the neurosis and the need to feel forgiveness. In countless 10's of thousands of hours of analysis, Freud and his associates could find only one cause for the neurosis. UNRESOLVED FEELINGS FOR THE PARENT OF THE OPPOSITE SEX. It is what drives people's need for forgiveness and the neurosis' by products of fear, guilt, and sexual repression are what fills the collection baskets. True spirituality, or say, walking in the footsteps of Jesus is very different from "religion", especially the "collection basket theology" versions of modern Western Christianity. That kind of unrelenting insanity displayed by the religious right is exactly why I'm no longer involved in the thread.
And Farmer, that's all before we get to the selfish, hypocritical supposedly Christian members of the right who wouldn't put on a mask (supposedly not to compromise their principles) to protect people in my age bracket (early 70's). You can talk about all the constitutional principles you want, but that behavior was pathetic. Sometimes in society we must do can for the safety of others. I think Jesus demands it.
I don’t know how we got off Putin but we did somehow. I go to church but it is not about religion is about my personal relationship with God. If you feel a virus that kills 3/10 of 1% of the people get it is dangerous I don’t even know what to say. After June 2020 when I knew it was all a scam. I did not wear a mask anywhere. I am 71 years old. I work out six days a week and I am 6 foot five 240 pounds. I keep my weight at 2:40 through hard work and discipline. I have to ask my last question. Are you vaccinated? That would explain a lot. Let me know Harry.
Still asleep, perhaps? It's amazing to me that putin has fanboys, I mean, outside of Russia, where you kind of have to be. Some putin fanboys have even said that our three letter agencies took down the plane Prigozhin was on.
https://search.brave.com/search?q=list+of+people+putin+had+killed&source=web
I didn't know there was a name for it - Sudden Russian Death Syndrome.
Alex, I have to be careful around you. You bring out the devil in me! LOVE IT!
:)
MMT is like modern math. Makes no common sense and makes the teachers look dumber than the students.
Jared
Regarding ‘investment’ in Solar the following link was sent to me which you may find interesting. https://shared.outlook.inky.com/link?domain=va.media.tumblr.com&t=h.eJxFzUsOgyAYBOCrNKwb8EURV56i2wbwV0kBkaI1Nr17i110N5lMvnmhJRjUnNAYo380hKwCW-i0wHGx0gSsJkt-8RaeAx_nuK_XfDfb7DdsfYXOJ3RPgIM4hYFlvGS8Ih4itEp4HYWxImh3QKqWvYRMFZzyvheK1TSrirITtOOg8oLkF16wMq9pieuDhkSryTkNTIL7nsR2sEKb5KVBlwb_5v0BkD9DBA.MEQCIFYdA9i5W_UfhBUPsYorVeabLrs2zXBBDMlfimFVTwMiAiB_mvu8gVeNwwJTNrTnZYuS2STJ8zYI0bGeiRtFn6jONA
Hey P, thank you very much! I loved it. Very informative.
Very interesting Pete! Kinda looks like just some other forms of building un-necessary cities. Certainly makes a statement about centrally planned economies! I can see why governments must control the media i.e. it would be the only way to cover up the illogic nature of their narrative and plans. Climate Change isn't much different in the EU and US these alternative energy plans raise the price of energy hence I rest my case.
Kill Me Now!! I can’t watch anymore....
Brian, reminds me of the scene in Casablanca, where Humphrey Bogart says to Ingrid Bergman "Go ahead and shoot, you'll be doing me a favor". We had guys at the Post Office like that: Shoot me! It can't get any worse!
GF. 😂😂😂
GF: It makes you feel better (sometimes releases frustration). I was disappointed. Too many candidates and no real hard questions and not enough time for each to speak...well, Ramaswamy managed to do alright time-wise.
To All of You Brilliant Souls who shared your thoughts and wishes... I am genuinely OK.
Just a bit of teasing, despite all of the stuff to come.
Stay Strong Brother.
One way or the other, this will be fascinating to watch as it plays out.
John Adams told us how it would end....but we just could never believe it.
If other things more troubling... wishing you well.
Should we laugh or cry,over the stupidity of elected officialsAtleast BPR.gives us some sanity.I hope Argentina does vote in a libertarian leader,just maybe the American people will wake up and realize its time to pull their heads out of their sandbox and vote for an alternative choice.
Joel, great comments. It seems none of these politicians ever bothered to think about what they are doing. Amazing! Yes even Kelton said that you could print until it created inflation. I guess the imbeciles need a new professor Kelton to describe away inflation. Maybe Krugman can up with a $150 Trillion dollar coin, OH! and a Nobel prize to confirm integrity of the "solution".
Apparently Kelton, Bernal and Carlock didn't study mathematics. Just suppose that everyone in the US had infinite dollars. How much would your dollar be worth to the next guy while he also has infinite set of dollars? What is truly amazing is that all our politicians both Democrats and Republicans whose primary job is to manage our money yet they don't understand the most important concept of money, confidence in its value or scarcity.
Great article as always. I would love to have an opinion piece on cryptocurrency - I haven't ever seen a straightforward explanation as to how these digital currencies have any value.
The one line that gives the whole MMT game away, ‘we can focus on what matters most’ … to get elected at all costs!!
I think the moral of today's story is to buy more euros this weekend before the exchange rate drops to .82. We are well on the way to the cheapedt dollar we jave ever seen.
Keep your eyes wide open before marriage, half shut afterwards. The monetary system is eyes half closed today. Ben Franklin would be appalled.
Very simple indeed, The US (Feds) can continuously continue to print money with no limits without significantly affecting the currency value of the US dollar because the US dollar is like the gold standard of the world and therefore it serves and encompasses a global outreach population of nearly 8 billion people. It is not profoundly isolated to one region like the Argentinian dollar, so it has a lot of room to grow without losing inflationary value.
Printing an additional 100 trillion Argentinian dollars is not the same as printing an extra
100 trillion US dollars. The effect is significantly different. The Argentinian dollar would obviously devalue by at least 20 points based on differential equation synopsis
Algebraic theory while the US dollar may actually go up in value because of the global impact effect of its worth and statistical frame data analysis that perceives a longitude compass degree line of elevation not demarcation.
So keep printing away Mr. Fed, there are not enough years on the financial global calendar to realistically inflate the dollar by overprinting, that is a bunch of hogwash, exactly the same as “global warming” both nothing but pie high charlatan scams developed through Liberal non-sequiturs.
The unlimited spending is a problem, but the reason we get away with it is because 60-65% of the nations of the world have their reserves in UD dollars and probably for good reason given our military and political strength. You fail to mention that. The comment on global warming doesn't even deserve a reply.
Folks, did you hear what this man just said!!!
Undeniable proof of the “New World Order” although there is absolutely nothing new about it, since it has been around for over 5,000 years! Hahaha
65% is a modest number, although I will take those odds in Vegas any day. That’s not too include the wealth of Buffett, Bezo’s, Musk, Zuckerberg, and the rest of those bozos! More like 75% percent is a more accurate figure, figuratively speaking. 😂
“Global Warming”, like your drinking buddy Biden promotes, “C’mon Man”, hahaha, The world is flat is more believable than that nonsense!
No, actually it has been historically about 67% or 2/3, but has been dropping recently. That's why at the Treasury auctions, we always have takers. Do you know what a treasury auction is, Egypt? For something that doesn't exist, the Pentagon spends a lot of time concerned with the dislocation of people in low lying areas as well as unrest due to a falloff in crop production. But as I said last week, that wouldn't concern people like you since it's not YOUR self centered ideological behind that's going to starve.
PS, Low Life: I don't drink.
Hi Harry -
Wow. You're quite the little libtarde charmer, aren't you? Arrogant in your profound ignorance, like so may of your useless cohorts.
Here's a tip - you are not "enlightened" nor are you more intelligent than everyone else here. That is ALL in your mind, no matter how sanctimonious or snarky you get. You are in fact indoctrinated and performing as a useful idiot to the evil ones among us.
We see you...
We see THROUGH you...
Never claimed enlightenment. The person I was responding to claimed a knowledge of wisdom. He was as mistaken as you are. At least get the facts straight.
Alex, yeah, right. I'm sure the CIA has nothing better to do! Sudden Russian Death Syndrome? Correct me if I'm wrong, but I don't think there's a vaccine for that disease. Wonder if Pfizer has one in the pipeline? (Hopefully not to be consumed with tea!)
The CIA has their hands full making the US into a feudal society.
Haha, I read too much, so I get the reference; in the 60's (? I'm going by memory) a Bulgarian, or maybe it happened in Bulgaria, assassinated someone by applying poison through a sharp pointy umbrella tip. Good analogy to the clot shot.