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  • On 19 Dec 2014 in Dr. Oz is a quack, mell said:

    Compared to much of the mainstream medical establishment Oz is actually pretty decent. Plus he is a proven highly-skilled surgeon

  • On 19 Dec 2014 in Why Police Raids should be illegal, mell said:

    The argument can be made that gay marriage is not a civil right, marriage is simply a government tool of "positive discrimination", which it practices all the time. The only fair solution is to abolish government regulated marriage entirely and let everybody form their civil unions under their own contracts. I don't have any issues with courts striking down gay-marriage bans, but then they have to be consistent and strike down any affirmative action law as well, tax deductions for kids, and the current marriage laws themselves. Everything else is just hypocrisy.

  • On 19 Dec 2014 in TARP ends: We made $16 billion, mell said:

    Sure thing, Johnny! That must be why taxes, debt and prices have gone up!

  • On 14 Dec 2014 in Why Civil Forfeiture must end immediately, mell said:

    Dan8267 says

    And decriminalize all victimless crimes including

    - drug use

    - prostitution

    - profanity on public airwaves

    And cut the "defense" budget by 90% or more.

    And defund the NSA completely.

    Now you sound like a liberal.

    Agree with all of that except for that the the people commonly defined as liberals and defining themselves as liberals these days do not support most of this. Libertarians do.

  • On 14 Dec 2014 in The rest of Krugman's story, mell said:

    Bellingham Bill says

    "The debt is $18 trillion and counting and will likely never be repaid"

    Good! It's just owed mostly to rich people anyway. Pay them their 2-3% pa and call it a day.

    I don't necessarily disagree with that. It's foolish to assume US debt is safe, so you should assume the risk of default as with any regular bank where you have money parked over the insured limit. However it's very possible that they will serve their masters and inflate their way out of it, reaming the already decimated middle-class into oblivion. And Krugman will have their blood on his hands.

  • On 13 Dec 2014 in Paying Down The Debt Is Now Almost Mathematically Impossible, mell said:

    "Submitted by Simon Black via Sovereign Man blog,

    Exactly 199 years ago, in 1815, a “temporary” committee was established in the US Senate called the Committee on Finance and Uniform National Currency.

    It was set up to address economic issues and the debt accrued by the US government after the War of 1812.

    Of course, because there’s nothing more permanent than a temporary government measure, the committee became a permanent one after just one year.

    It soon expanded its role from raising tariffs to having influence over taxation, banking, currency, and appropriations.

    In subsequent wars, notably the American Civil War, the Committee was quick to use its powers and introduced the union’s first income tax. They also detached the dollar from gold to help fund the war.

    This was all an indication of things to come.

    Over the subsequent decades there was a sustained push to finally establish the country’s central bank that will control money and credit, as well as institute a permanent income tax to feed the expanding aspirations of government.

    They succeeded in 1913 when the Federal Reserve Act was passed and the 16th Amendment ratified, binding the country in the shackles of central banking and taxation of income.

    Over the century that followed, the US has gone from being the biggest creditor in the world to its biggest debtor.

    Decades of expanding government programs, waste, endless and costly wars, etc. have racked up such an enormous pile of debt that it has become almost impossible to pay it down.

    A lot of folks don’t realize that, since the end of World War II, the US government’s total tax revenue has been almost constant at roughly 17% of GDP.

    In other words, even though the actual tax rates themselves rise and fall, the government’s ‘slice’ of the economic pie is almost always the same - 17%.

    I’ve worked out a mathematical model which shows that, even with absurd assumptions (7%+ GDP growth for years at a time, low interest rates, etc.), it is simply not feasible for the US government to ‘grow’ its way out.

    Default has become the only option. And that could mean a number of things.

    They could default on their creditors (other governments like China who loaned money to the US government). But this would spark a global financial and banking crisis.

    They could default on the Federal Reserve, which owns trillions of dollars of US debt. But this would create an epic currency crisis for the US dollar.

    They could also default on their obligations to their citizens—primarily to future beneficiaries of Social Security (who collectively own trillions of dollars of US debt).

    Or they could choose to default on their obligations to every human being alive who holds US dollars… and engineer rampant inflation.
    None of these is a good option. And simply put, the US government has reached a point of no return."

  • On 13 Dec 2014 in The rest of Krugman's story, mell said:

    The end is nigh for Krugman and his sheisters. The debt is $18 trillion and counting and will likely never be repaid and wealth disparity has been growing like it has been in Japan after embarking on Abenomics. How's Gold looking?

  • On 12 Dec 2014 in I'm liquidating all my stocks and going to cash, mell said:

    Analyzer says

    Here comes ECB stimulus....................lets keep blowing up the bubble.

    Yep, it's all about the global money printing frenzy and race to debasement. A few countries though have smelled the coffee and have been buying gold or repatriating theirs. The printing presses have been on full steam in major economies such as the US, the EU and Japan (and China to a certain extent).

  • On 12 Dec 2014 in Bill Gross: "New Natural Interest Rates is Zero or Negative", mell said:

    The neo-keynesian bubble is going to pop eventually. Wealth disparity brought on by the government and the Fed will eventually reduce again during the next correction, no matter who of the two big one and the same parties you vote for. Savers will finally get a decent interest rate again once the global money printing implodes, but they may have to be in the right currencies or precious metals (at least diversified). The debt will likely not be repaid without partial default or massive printing ($18 trillion and counting).

  • On 11 Dec 2014 in Ron Paul suggests we bring all the troops back home., mell said:

    FortWayne says

    Vicente says

    Because he won't own up to REAL Glibertopian ideology, which would be to START with 90% cuts to the military. And cut further once you've got that. Why would you need a giant military sitting around in bases in the USA? As a "jobs" program? Ridiculous.

    Ron Paul promoted just that.

    Yep. Some people can't handle the truth. Then they go full ballistic on what cannot be.

  • On 11 Dec 2014 in Someone call for water?, mell said:

    New Renter says

    CaptainShuddup says

    Someone call for water?

    Yeah, that was me.

    Personally I'm LOVING this! I'm hoping for more, a LOT more, especially if most of it falls as snow on the Sierras.

    Agreed!

  • On 11 Dec 2014 in Bring back the 2008 crisis or fight the black guy on his Executive Action, mell said:

    No problems with a shutdown here. It's interesting because quite a few Democrats were opposed to that CDS provision, rightfully so, so they should simply go into shutdown or Obama shut veto it. Fat chance they won't, so they are all for it. Most Reps are bought and paid for, but the few Libertarian one's always oppose such idiocy vehemently and vote against it. Most of the tea party politicians have nothing to do with the original tea party, they just co-opted it. No news here. But since the majority of the Reps are a lost cause on this, the Dems could show some spine for once and force a (partial) shutdown. A partially shutdown government is always better than bringing back taxpayer-backed CDS. But then again, the taxpayer backed everything in the Obama administration, from the bailouts over the housing ramp to the stock ramp, so they're all the same crooks. 2008 was a good cathartic event.

  • On 11 Dec 2014 in UK financier falls to death after divorce battle, mell said:

    "During the drawn-out divorce court battle, Scot Young claimed he was bankrupt and couldn't pay Michelle Young a 27,500-pound monthly maintenance fee ordered by a judge. He said he had suffered a financial "meltdown" and was heavily in debt."

    $45K monthly "maintenance fee" - #fuckedup.

  • On 10 Dec 2014 in 21-Year-Old Sues Parents to Pay College Tuition -- And Wins!, mell said:

    My bed time story was darkness!

  • On 10 Dec 2014 in 21-Year-Old Sues Parents to Pay College Tuition -- And Wins!, mell said:

    The problem is that for each one of those "stingy", sub-optimal parents there are plenty of others who can't even raise their kids through elementary school without government assistance and without their kids becoming criminals at a young age, and we support those with taxpayer money. Surely we cannot have the audacity to sue parents who did things mostly right until their kids reached adulthood and order them to give more money to their kids, can we? Doesn't sound right to me.

  • On 10 Dec 2014 in How Come EvilFucks Like Me Always Succeed?, mell said:

    It's good to have a vocal, outspoken banksta. RBES should run for president, then at least we would get the transparency this administration promised.

  • On 10 Dec 2014 in $2 gas is the worst thing to happen to America, mell said:

    Cheap gas is great - cheap house prices next. Let true price discovery begin.

  • On 9 Dec 2014 in Wall Street Sez: Fuck the Suckers!, mell said:

    HydroCabron says

    mell says

    That's why they should have another shutdown. Bring it on and save some taxpayer money.

    Shutdowns cost the taxpayer money.

    No they don't.

  • On 9 Dec 2014 in I remember in 2012 Patrick had uncensored asking rent history data, mell said:

    Admittedly there's some truth to that. But only half of it. The other half is that Obama and his administration have disappointed even staunch liberals and even quite a few democrats, so his support has eroded everywhere. I was moderately optimistic and cheerful when he took office after W. That was a short honeymoon only though ;)

  • On 9 Dec 2014 in Wall Street Sez: Fuck the Suckers!, mell said:

    "Last year, Rep. Jim Himes (D-Conn.) introduced the same provision under debate in the current budget talks. The legislative text was written by a Citigroup lobbyist, according to The New York Times. The bill passed the House by a vote of 292 to 122 in October 2013, 122 Democrats opposed, and 70 in favor. All but three House Republicans supported the bill."

    Looks like quite a few Democrats were opposed back then, so why is this so hard to deny now? Obama could gain a few points back by vetoing it. What's the fat chance that's going to happen? Just shut that shit down.

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