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Forum: Current Events Topic: 'Dozens of mental disorders don't exist' |
| neopundit |
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Posted: Fri Oct 11, 2013 9:24 am
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Replies: 56
Views: 1416
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Headstrong Headstrong: Same thing could be said about medicinal cannabis, but most around here would say otherwise.
Nice avatar. |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 9:14 am
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Replies: 32
Views: 808
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| You need to read up on the creation of the Federal Reserve in the USA. It's a private company that holds the US by the short hairs. I know a bit about it. The "private" part is semantics. It's an arm of the government, and can be eliminated with the stroke of a pen if the desire was there... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 9:05 am
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Replies: 32
Views: 808
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| It needn't be an all or nothing showdown. There are benefits of running debts. There are costs. This is true. And I think 2008 proved we're good at using debt stupidly, and there are consequences to that. But you don't need any understanding of economics (or much of anything else, for that matter) ... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 9:02 am
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Replies: 32
Views: 808
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BartSimpson BartSimpson:
See, the best way to save money is to not spend it on something utterly useless like interest.
The hole in your idea is that interest is inherently useless. This is false.
Paying interest on a vacation = stupid
Paying interest on a lathe for your machine shop = smart |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:52 am
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Replies: 32
Views: 808
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Lemmy Lemmy: If you want to have a serious discussion about debt with an economist, you better bring more than you're bringing so far.
I was talking with people who claim the debt needs to be paid off, and that it's the tool of the global banking conspiracy.
These are ridiculous ideas to propagate. |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:48 am
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Replies: 32
Views: 808
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| Your analogy is oversimplified, smartass. You're ignoring too many variables to make such a statement. What's the rate of inflation? How much debt service is there already, etc, etc, etc... I see you added an edit to call me a name. That's nice. Admittedly, I'm no professor, I only have a lowly MA ... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:41 am
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Replies: 32
Views: 808
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| Your analogy is oversimplified. You're ignoring too many variables to make such a statement. What's the rate of inflation? How much debt service is there already, etc, etc, etc... No, you're over-complicating it for some reason. Inflation? Who cares, use real rates of growth and interest then. That... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:26 am
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Replies: 32
Views: 808
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Lemmy Lemmy: Dude, I'm a professor of economics [BA(Guelph), MA(Western), PhD(MIT)]. I'm pretty sure I have a fair grasp on how debt works in the economy.
And you don't understand how a 3% mortgage on a home increasing in value by 4% annually creates positive results on the balance sheet?
Interesting. |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:23 am
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Replies: 32
Views: 808
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| Only if the home prices stayed high. Home prices can drop as well with interest rates not following. Then it doesn't work out so well if you're not in it for the long term.....and even then, they may not come back up. See Detroit. Of course, you actually have to sell your home and realize those gai... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:19 am
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Replies: 32
Views: 808
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| You're missing a key piece of puzzle in your logic. It seems you fail to understand how debt works in the economy. If the debt-financed asset purchase you make increases in value or produces income at a rate greater than the interest paid on said debt, you win. That's why you assume debt. It isn't ... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:09 am
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Replies: 32
Views: 808
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| If you could save money at 3.5% and borrow at 3%, would you ever pay off your debt, or would you borrow as much as possible? You find me a lender who'll pay a higher rate on savings than on lending and I'll eat my shoe. You're not the government. It was an analogy. But there have been opportunities... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 8:08 am
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Replies: 32
Views: 808
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BartSimpson BartSimpson: neopundit neopundit: The relevant question is: why do you have debt in the first place? Because it's a means for the banking cartels to get their hands on vast amounts of the public treasury without anyone really paying attention.
I assume you paid cash for your house then? |
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Forum: International Politics Topic: "Obamacare" |
| neopundit |
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Posted: Fri Oct 11, 2013 7:55 am
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Replies: 184
Views: 3511
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| All their concern that America can't pay back debts... Shouldn't that already be pretty evident? 16.7 trillion dollars? And $15 trillion in income, annually. If your salary is $100k, is it "pretty evident" you'll be unable to pay back a mortgage of $113,000? Nonsense. Average people pay b... |
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Forum: Federal Elections Topic: Seriously!!!! A point about our national debt.... |
| neopundit |
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Posted: Fri Oct 11, 2013 7:45 am
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Replies: 32
Views: 808
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| guess my frustration is if I had any debt I would have no choice to pay it The relevant question is: why do you have debt in the first place? Hopefully, it's to add assets that will increase income in the future. Debt isn't a curse, it's a tool. As long as the economy is growing faster than the rat... |
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Forum: General Jibber Jabber Topic: The White Poppy |
| neopundit |
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Posted: Thu Nov 15, 2007 12:11 pm
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Replies: 588
Views: 12249
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| I don't really care whose tradition it is. I can remember history in whichever way I choose, so long as it doesn't harm anyone else. That is my right, and that is what the soldiers of the second world war fought for. And for the uneducated, the above is the definition of liberty. You know, that thi... |
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