patrick.net

I just told this to my Chinese Co-worker day.

Here was the response.

Oh? Well Chinese banks aren't like US banks. They would never let a real estate crash happen.

Yep, there it is.

bgamall4 says

This same Bloomberg tried to tell us how much soda we could drink!

Personally, I don't drink soda because many harmful ingredients are placed inside it.

But I believe the government has no place to prevent anyone from drinking slow-killing poison if they understand it and do it with consent. They can drink as much as their heart's content.

Coca-Cola beverages are not safe to consume and by law they should be required to disclose all possible health effects of their drinks BUT the government has no right of authority to stop anyone from consuming and/or making it's sales illegal.

Same thing with brothels. They should all disclose to you the possible risk of what STDS you may catch for using their services and disclose what testing they have done on their sex workers but if they disclose it...

And you agree to use a hooker and the hooker agrees for a set price for whatever performance you agree too along with the risks mutually and for however long of a duration...

Than no crime has been committed and the government has no right to interfere.

The US is no longer a free country built upon a republic of liberty and freedom. It merely boasts and makes completely invalid claims of being so but does the opposite everyday for "your protection".

I know brothels are legal in NV but not federally and not in all states. Prostitution will land you in prison for a long time if done in a wrong area of the US which is the majority of areas.

They are many countries with brothels and sex work legal completely. Those countries are more built on liberty than the US.

In fact, in the early founding days of the US brothels were common place and so was prostitution. Sure it was frowned upon as not being respected but it was respected for being allowed since liberty was important and to prohibit it was a setting stage for tyranny to germinate out of that seed expand into completely respected activities in life by the majority of society as a whole within the nation.

PS. I have never utilized sexual services and do not plan to do so anytime soon. I am merely stating how by prohibiting it you are engaging in tyranny which is not American and not built upon the foundation of this country that was agreed upon. It therefore has no place for prohibition regardless of whether you respect it morally or not.

Your coworker is correct.

They figured out that if you need more money, you just print more or add a few zeroes to a bank balance.

It's really this simple. Why they never figured this out years ago is mystifying.

So the Chinese want their money back because prices dropped. LOL Would they have paid extra if prices had gone up?
Chinese are no different than Americans - they all want something for nothing.

Not to get off topic but on a similar note...

American women expect exchanges of value such as dinner, gifts and paying for entertainment on dates in return of their company, possible intercourse and affection.

Yet this is not banned as prostitution and the majority of these spoiled women would not date or have intercourse if you didn't pay for the expenses in full. Not even 50/50.

But if you directly gave a woman private federal reserve notes in the wrong area of the US for intercourse, affection and company... You would be thrown in jail for a long time.

And no "escorting" or "non-sexual company" defenses do not work in the corrupt legal court systems most of the times unless you have VERY deep pockets and very-well connected excellent 5-star lawyers who are also very good friends with the corrupt judge which only very wealthy individuals can afford.

People have been arrested and charged who hired escorts but had no intent for anything sexual or even discussed or remotely hinted even subtly for any sexual conduct of any kind. Yes they are cases like that.

bgamall4 says

But I agree there are too many fetters to liberty except that the banksters can have all the liberty they want.

Indeed. It's the truth. You not only have to be very wealthy but also very well-connected and tight with the system to avoid being declared wrongfully as a "criminal".

But being very wealthy sometimes does help a lot to either get completely off the hook or a reduced charge. However it is not a certainty if you are only very wealthy and not in bed with government and literally shadow royalty like bankers.

Money for nothing and the sticks for free.

The true liberty and freedom government's job is not being your nanny. That's the job of tyrannical governments which always ends ugly and very violent.

Freedom and personal liberty requires being not protected by someone else except yourself.

People rely completely on government police to protect them and where did that get many people?

Police many times only show up after the incident and to arrest not for justice as the disguise and veneer they like to show to the public.

But rather to profit the private prison corporations from jail sentences and cause an excuse for taxing the citizens more.

You need to be your own police which is why bearing arms was a right for this reason and MANY other reasons as well.

Why not if there are fools around to willingly complete the transaction.
Strategist says

So the Chinese want their money back because prices dropped. LOL Would they have paid extra if prices had gone up?

Chinese are no different than Americans - they all want something for nothing.

bgamall4 says

I can't see that happening when the banksters gave so many easy money loans that they destroyed the housing market and the middle class. Also, it was against the law to loan to people who could not pay the loan back, but W Bush ignored the law. It was the FIRREA Act of 1989.

I agree to that as well.

They should do not promote, enhance nor discredit or downgrade any group, party, religion, sector, private individual or organization.

General welfare will naturally come if the government merely keeps things neutral and ONLY steps-in when any private individual or organization begins to over-step it's boundaries regarding another individual or organization's rightful place or right claims.

A true Republic and Liberty government is just to keep things neutral and fair and prevent unjustly deception.

bgamall4 says

government's role is to promote the general welfare

It can do that job if it's stops ignoring it's own laws like you said like a hypocrite and starts taking sides with certain groups and people.

I'm marking you as "like" because it was funny. Still full of shit but funny.

Call it Crazy says

Strategist says

I'm marking you as "like" because it was funny. Still full of shit but funny.

Oh sorry, I should have said Obama voters...

Is that better??

This independent voted for McCain

Yet another consequence of Obamacare.

Call it Crazy says

Strategist says

Call it Crazy says

Strategist says

I'm marking you as "like" because it was funny. Still full of shit but funny.

Oh sorry, I should have said Obama voters...

Is that better??

This independent voted for McCain

You voted for McCain?? Really??

Yup.

Call it Crazy says

Strategist says

Call it Crazy says

Strategist says

Call it Crazy says

Strategist says

I'm marking you as "like" because it was funny. Still full of shit but funny.

Oh sorry, I should have said Obama voters...

Is that better??

This independent voted for McCain

You voted for McCain?? Really??

Yup.

What about the second go around in 2012?

Supported Obama but did not vote.
I supported him because he did the right things to prevent a depression.
I think McCain could have done even better.

Call it Crazy says

who could have seen this coming?

I know Right!?
-Alan Greenspan

Yeah, it's so impossible that someone was hurt, like with a little shrapnel in the leg, and were helping others and then later taken away in a wheelchair ?

What do they call it again, when they help the most seriously hurt first ? Oh yeah, triage.

Are you saying that if you were there, and a nail has flown into your leg, but you could still move around (with substantial pain), you wouldn't help others?

I hope that the real reason you share this stuff is that you can't believe there are people in the world that would believe this kind of thing is staged. Sure we as a country might be moving in that direction, but we aren't nearly that far gone.

How the fuck do they keep all the first responders from telling everyone ? Besides, you assume this kind of terrorism or insane act couldn't happen ?

If there is lying by the govt on this stuff, it would be the other way around. That is if a terrorist was behind say Newtown, or that big theater attack a couple years ago( in Colorodo I think), I could see the government saying it was an insane kid, instead of a jihadist terrorist. Because we learned long ago that giving them credit is what they want. In fact it's all they get, and if you take that away, all they have done is murder people, supposedly in the name of god.

So that kind of falsification of what really happened I could see happening. Maybe it has. But your idea that Newtown or Boston was staged ?

THat's just insane.

Call it Crazy says

So, apparently, many houses AREN'T bought for CASH.....

For those posters who aren't clear what a strawman argument is--the above is a textbook example.

what used to be whackaloon "Texas Oil Millionaires" are "Texas Oil Billionaires" now, and they're not so few in number, either.

Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas.Their number is negligible and they are stupid.

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CD8QFjAC&url=http%3A%2F%2Fkrugman.blogs.nytimes.com%2F2013%2F07%2F08%2Fnot-like-ike%2F&ei=KeIwU8r-Fsm6oQSQ64GgDw&usg=AFQjCNElkIbNbKFi89vlImBGSSgIwp-VTQ&sig2=Z_0SlFAPLLgo1U6GXGcKTg&bvm=bv.63587204,d.cGU

Call it Crazy says

#14 One survey found that 51 percent of all Americans agree with this statement: "it is necessary to give up some civil liberties in order to make the country safe from terrorism."

I would have thought this one would be a lot higher than 51%.
Safety First.

Even if there weren't such a thing as Austrian Economic theory, the argument against Keynesian economic theory would be more than valid. Let's see... "Borrow and spend" or "Save and produce"? I just posted an argument against 'borrow and spend'. I acknowledge that bubbles are a phenomenon of both theories. But which theory produces the least damaging affect on socio-economic extremes?

http://patrick.net/?p=1240184

Call it Crazy says

#15 Close to one-third of all Americans would be willing to submit to a "TSA body cavity search" in order to fly.

#16 65 percent of Americans are dissatisfied "with the U.S. system of government and its effectiveness". That is the highest level of dissatisfaction that Gallup has ever recorded.

Wait a minute, we're fed up with them but we don't mind it when they shove a cold finger up our Ass?

Call it Crazy says

#19 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans in the 18 to 24-year-old age range can find the nation of Iraq on a map.

What does that even mean, or demonstrate.
I've never got the statistic that people put forth, that being able to find anyplace on the map is supposed to be some moniker of intelligence. First of all, I have to question how the conclusion was drawn. I mean there are so many variables. Was this a big Wall map, was it labeled with proper captions and borders, or was it just a ink spot silhouette of the world map and people were asked to find countries. I mean I've looked at a map of the middle east a million times, and the best I can do, is point to the geographic location that I suspect I remember the country being.

Many people get used to associating the countries on a map by scanning until their eye hits the caption they are looking for.

I would be hard press to point out correctly the exact location of every state in the US and land my finger with in the imaginary border of every state I pointed to. If that's the test. I have always found that sort of information fruitless and pointless so I don't commit it memory. It's not like I'm a navigator, or will be flying over the earth at such a distance, I have to choose where I think the correct state would be.

Sociopaths in business believe in only the carrot and not the stick when it comes to themselves. So there is never a penalty assigned for non compliance.

Sticks are reserved for the lowest-paid workers, who should be beaten with them and threatened with firing at every turn.

thunderlips11 says

The point is, it doesn't matter that the dollar was 95% weaker, because people got ~6500% more of them while prices "only" rose ~2000%. That's a big fat gain - and most of those gains happened between 1938-1978, the high point of evil Big Gubermint New Deal Socialism.

300% real growth over 100 years is about 1% real growth annually, a much lower rate than the 2% annual real growth under gold standard. How much cumulative real growth would there have been if the 2% annual real growth had kept in place? 720%. The annual median household income would be about $120k in today's dollars instead of the $50k that we have.

The weakening dollar is a red herring, and even with PM-based currency, there is not enough gold in the world to back it up, so you'll have paper anyway.

The only difference is that the Gold and Silver will accrue to the top .5% and everybody else will have wholly or almost wholly, paper.

Complete nonsense. the people who were forced to line up to hand in their gold were not the top 0.5%. In a gold standard system, storing large quantities of gold would actually incurr storage cost that is not offset by fiat monetary inflation, so there would be less incentive to store large quantities of gold in a central location as investment. The average households would have near-zero storage cost for small quantities of gold.

Sounds like they're anticipating a real hot spring real estate market ... why else would you fire 22,000 mortgage workers in one pop ?

Call it Crazy says

Because there's a Housing Recovery going on..... Didn't you get the memo???

everyday twenty times a day

New home sales are down too- part of the recovery

CaptainShuddup says

Call it Crazy says

#15 Close to one-third of all Americans would be willing to submit to a "TSA body cavity search" in order to fly.

#16 65 percent of Americans are dissatisfied "with the U.S. system of government and its effectiveness". That is the highest level of dissatisfaction that Gallup has ever recorded.

Wait a minute, we're fed up with them but we don't mind it when they shove a cold finger up our Ass?

If the alternative is crashing into a skyscraper, I wouldn't mind a whole hand getting shoved up my ass.

Vicente says

Sociopaths in business believe in only the carrot and not the stick when it comes to themselves. So there is never a penalty assigned for non compliance.

Sticks are reserved for the lowest-paid workers, who should be beaten with them and threatened with firing at every turn.

Years go by and beating working class into poverty has never lost steam. That train is never late.

Call it Crazy says

CaptainShuddup says

Call it Crazy says

#19 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans in the 18 to 24-year-old age range can find the nation of Iraq on a map.

What does that even mean, or demonstrate.

My guess would be that Iraq has a little bit more history related to it versus other countries in that area.... Half the population is still bitching that we went there, so you would think the Millennials would be able to find it on a map....

Apparently not....

37% of the population is just plain stupid. Without a GPS they couldn't find their way home.

If housing does not pick up this spring, we will see another round of QE to boost housing. Either way, housing will boom.

Call it Crazy says

Strategist says

If the alternative is crashing into a skyscraper, I wouldn't mind a whole hand getting shoved up my ass.

Ahhh... since you drive a Prius, we now know your "preferences"... I hope your wife doesn't find out....

She might say I deserve it.

I don't mean to crash your doom and gloom party, but all this means is that the refinance boom is over.

jojo says

Strategist says

If housing does not pick up this spring, we will see another round of QE to boost housing. Either way, housing will boom.

Nope. The QE train is over. That's what the China Russia threat of direct trade agreement was about. They are threatening to end the petrodollar, worthless paper trade with the US unless we work to normalize our economy.

Also, fed knows QE is losing its power and if another recession hits they have no ammo.

Read about the Suez Crisis and how it accelerated the end of British Imperialism. History is your guide.

It's the other way round. The purpose of QE is to prevent depressions/recessions and bring things back to normal. The Feds still have the power to reduce rates to record lows again, and along with easier loan access it should work.

Call it Crazy says

Strategist says

Call it Crazy says

Strategist says

If the alternative is crashing into a skyscraper, I wouldn't mind a whole hand getting shoved up my ass.

Ahhh... since you drive a Prius, we now know your "preferences"... I hope your wife doesn't find out....

She might say I deserve it.

You might deserve it if you REALLY think having a whole hand shoved up your ass by the TSA is making you "safer"....

It's a sacrifice I make to save the lives of others and this is the thanks I get.
I should be allowed 2 votes during elections.

Jojo, quick question:

Do you own real estate?

jojo says

Strategist says

It's the other way round. The purpose of QE is to prevent depressions/recessions and bring things back to normal. The Feds still have the power to reduce rates to record lows again, and along with easier loan access it should work.

The gravy train slowing down. Its been running for 6 years and the results are disappointing at best. The low rates are distorting global markets and creating instability around the world via carry trade. QE is slowing down and will eventually go away and the FED has already publicly stated as much. The alternative is an eventual currency crisis and snowballing political crises (just look at Crimea). Choices are rarely between good and bad, more frequently it's choosing between bad and worse.

I like your last sentence.
Wouldn't a depression be worse, and more QE bad?
Just imagine the distortions that would take place if the worlds largest economy went into a depression. Everyone would start blaming Obama and the Feds for not proceeding with further QE's.
A depression is the worst case scenario, and we must not let it happen regardless of cost.

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