epinpb's comments

  epinpb   ignore (0)   2012 Jan 10, 2:41am   ↑ like (0)   ↓ dislike (1)     quote      

Incorrect analysis on the failure of liberalism. Liberalism will let banking systems fail, as has happened throughout history, however, it was the goverment intervention that didn't allow for the collapse of banks and the prosecution of perpetrators of fraud. Banks should have failed, the banksters should have gone to jail, all of which would be replaced by new banks with good balance sheets and new, conservative and trustworthy leadership. I agree with Glass-Steagall, but I think your analysis on Liberalism is incorrect. It was cronyism and regulatory capture that repealed Glass-Steagall and contrinbuted to the crisis.

  epinpb   ignore (0)   2012 Jan 13, 5:55am   ↑ like (0)   ↓ dislike (0)     quote      

In no way did libertarianism have any involvement with the removal of Glass-Steagall and deregulation of the financial industry. This was blatant regulatory capture by crony capitalists.

  epinpb   ignore (0)   2012 Mar 13, 1:34am   ↑ like (0)   ↓ dislike (1)     quote      

This is all a part of a well thought out economic strategy of a communist command-control country pursuing a mercantilist growth strategy...and it's working extremely well.

Keep in mind that the value of the debt we owe them is artificially inflated because of their currency manipulation policies. If their currency were to allow to float, the value of what they have 'invested' in the US will decline dramatically...or the cost of their products would increase substantially, thereby making the Chinese economy relatively less competitive than the US.

Once wages have declined enough in the US or increased enough in China, the global economic imbalances will settle out and economic activity will redistribute over the globe again. (Or find cheaper labor elsewhere .... India?)

It is all completely unsustainable (P. Volker agrees) and eventually will correct itself one way or another.

What disturbs me most, is the thought that the Chinese government is intelligent enough, proactive enough, and already has a plan and strategy in place for the eventual correction. When I look at the US politicians, I have no such faith.
...except for Ron Paul.

  epinpb   ignore (0)   2012 Apr 10, 1:14am   ↑ like (2)   ↓ dislike (1)     quote      

I'm a contrarian, so here's my pass at shooting holes in your whole "us vs them", "Repubs vs Dems" budget battle BS that has taken over politics today. Remember, we are ALL in this together.

First, the CBO projections at the end of 2001 were based off of revenue that recently included an indefinite extension of the Internet Bubble. That was not realistic.

Second, this chart does not account for spending, which has grown from 1.9T in 2001 to 3.6T in 2011. This, obviously, is the real problem...regardless of where it was spent, or who spent it ... the issue is that BOTH parties are spending way beyond their means.

Third, all CBO projections are a point in time estimate based off of the current view of all the BS tax rules and laws from delayed temporary tax cuts, AMT's, and other such short term fixes that end up with long term complications that cloud the picture. For example, long term projections will include the ending of short term tax 'cuts'...and it never works out that way.

United we stand, divided we fall.

  epinpb   ignore (0)   2012 May 16, 2:32am   ↑ like (0)   ↓ dislike (0)     quote      

Nope, this is the brilliance of currencies. It is ideal for people to cash out and diversify, then buy back in when everything is devalued. Essentially, instead of bailing out the banks, it is the opposite - relative weath is being reallocated to the people.

  epinpb   ignore (0)   2012 May 16, 2:41am   ↑ like (0)   ↓ dislike (0)     quote      

Lower the cost of businesses, which is directly tied to high labor costs, which are directly tied to artificially inflated land values.
Improve the efficiency of businesses, including the transportation infrastructure, structure of business zoning, and workforce training (education).
Lower the taxes of businesses to encourage international competitiveness.
Get the govenment out of education, housing and healthcare...the 3 largest and most inflated costs directly tied to the business efficiency, as well as the quality of your life

  epinpb   ignore (0)   2012 Jul 2, 8:52am   ↑ like (1)   ↓ dislike (0)     quote      

Just remember to tell everyone you know that the only thing that is supporting these ridiculously overinflated prices is the government manipulation of interest rates and mortgage purchasing. If you will fry.

  epinpb   ignore (0)   2012 Aug 3, 1:21am   ↑ like (2)   ↓ dislike (0)     quote      

You have just asked the question that will eventually provide the solution to our economic problems. Wages don't necessarily matter, what matters is wages relative to the cost of housing, healthcare, and education. Many countries have a smaller per capita income than the U.S., but have a higher quality of life because they can afford the things that affect their life the most. (Housing, healthcare, education.)

The solution to our economic problems is to deflate our wages (or increase productivity) to a level that is competitive with the rest of the world WHILE lowering our cost of living at a greater rate. Housing, healthcare, and education can ALL be affordable once again if we focus on increasing the supply of each, rather than increasing the demand.

Good luck to us all.

  epinpb   ignore (0)   2012 Aug 6, 4:11am   ↑ like (0)   ↓ dislike (0)     quote      

Anyone notice the time on the wall clock in this video? Seems like something *funny* is going on here....

  epinpb   ignore (0)   2012 Aug 10, 2:35am   ↑ like (0)   ↓ dislike (0)     quote      

Write in Ron Paul on the ballot.
I am.

  epinpb   ignore (0)   2012 Sep 14, 3:02am   ↑ like (2)   ↓ dislike (0)     quote      

Just bought on in appreciation of all the work you have put into this site.
Thanks for spreading the TRUTH!

  epinpb   ignore (0)   2012 Sep 27, 4:17am   ↑ like (2)   ↓ dislike (0)     quote      

The supply of land is unlimited. Cities can always build UP. Look at japan. Consider the possibility that in another 100 years every major city in the US will look like New York.