About propitup1


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Registered Mar 10, 2010

propitup1's most recent comments:

  • On Fri, 2 Oct 2015, 11:32pm PDT in Fed leaked news to insider bond traders, propitup1 said:

    FYI, The Federal Reserve Bank is owned by it's member banks.
    Why wouldn't the FED Bail out the majority of it's owners.

    It would be extremely naive to assume that the FED is above insider trading. The Fed and the Federal Gov. has been engineering profitability for banks, Wall St. and home prices for a long time now, They are not going to stop.

    It's a mistake to think that one can fight their system. They control all the markets, that they want to. One can opt out of buying property in one of our major cities or investing in stocks or bonds, but they still have effective control.
    In California unless you are lucky have a landlord that keeps your rent way below market rate there is no escape. there is no way to opt out.

  • On Thu, 3 Jan 2013, 5:16pm PST in Every 5 Minutes we get another post from Mish, propitup1 said:


    You're greatly under estimating the situation.
    Our current debt is $16.5 trillion
    2012 GDP is $15.2 trillion.
    So officially in Dec. 2012 we were at 110% debt to GDP.

    This calculation underestimates debt to GDP. because the GDP. is greatly exaggerated because each year the fed adds trillions of dollars to GDP. with its trillion dollar bond buying schemes. As well the governments deficit spending adds greatly to GDP.

    If you take away the Feds bank lending and bond buying and the Federal Governments deficit spending, GDP is actually substantially lower and the ratio of GDP to debt is a lot higher.

    Of course this brief summary of debt to GDP doesn't even take interest and rising Soc. Sec. spending into consideration.

    It also doesn't take into consideration the added 1 trillion in debt Obama just added to our 2013 deficit. We are also almost certainly staring at four more trillion-dollar deficits to match the last four

    Iwog, I can only say that your analogy of $80k of debt to $80k if income is totally incorrect.

  • On Thu, 3 Jan 2013, 4:09pm PST in Every 5 Minutes we get another post from Mish, propitup1 said:

    Tea baggers?

    Oh, I see you hate them also.

    Let me guess, because they're scared to death of what the coming 20 trillion dollar debt collapse is going to do to our collective futures, you think smearing the opposition as "teabaggers" is productive.

    Vicente, What you're really saying is that any opposition to the liberal Democrat party needs to be crushed.

    Do you really think Obama and the Democrats really have a way out of this mess?

    Do you really think a national debt collapse at 200x GDP. is avoidable?

    Vicente I think you need to look harder at the national crisis than to just smear the opposition of the almighty Democrat party.

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