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LibDave

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Blackvegetable » 14 Jan 2022, 6:28 pm » wrote: I provided you the link.

There are 2 sources for the Federal Budget Deficit.

OMB and CBO.

Nod.
Okay!  Now that I have provided you an example of an assessment free of confirmation bias and what the numbers really mean, lets get back to my initial puzzlement.  You indicated (erroneously) Republican Presidents were actually more liable to exercise deficit spending as a criticism of the GOP.  As I have just shown this is false.  What I find more interesting is this means you DO RECOGNIZE deficits are not good. You seem to understand deficits are problematic yet still support DNC deficit spending.

Support of DNC spending policies directly opposes your belief "deficits are bad".  Whenever we see this it invariably has the underpinnings of cognitive dissonance.  In other words, you know deficits are bad yet you repeatedly support an ideology which promotes the use of deficit spending as good.  This blatant doublethink must imbibe in you a sense of unease.  In some this is actually the motivating factor for altering one's ideology and represents what many term LEARNING.  The internal conflict causes them to figure out an ideology where both can exist.  For instance one might decide deficits are good.  The anxiety is relieved and the mind has progressed to a more rational philosophy.  One might also decide it is illogical to support a party which promotes deficits they know to be fallacious and wrong headed.  So they change their thinking to alleviate the doublethink.  This is actually a good and healthy method of forming new more rational ideologies.

In many cases though the brain uses cognitive dissonance to block out the obvious dichotomy.  It pushes it down and ignores the obvious inconsistency.  For instance, when you hear a Democrat repeatedly profess massive amounts of spending (claiming it's all free) you can fully support every policy expenditure uttered without question and disregard your other principles such as "deficits are harmful" and the knowledge "there in no such thing as a free lunch" when it comes to economics.  This means your brain favors cognitive dissonance and just ignores and refuses to entertain the ideas simultaneously. Instead it chooses to shift from one to the other ignoring the obvious reality your perceptions/ideologies conflict.  This is what cult leaders take advantage of and foster in their followers to brainwash.  It is a facet of intellect required before brainwashing can take hold.  It permits cult leaders to convince followers of things ludicrous to those without cognitive dissonance.  They actually teach their followers through various techniques to hone their cognitive dissonance to amazing levels.  I find it odd someone who understands the implications of deficit spending can simultaneously support Democratic philosophy and not recognize their own doublethink.
 

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LibDave

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IkeBana » 14 Jan 2022, 7:48 pm » wrote: Any of you economic geniuses ready to take a stab at telling the rest of us exactly what this crash is gonna look like. What the underlying and obvious precipitating factors are gonna be? Or are we just musing about another stock market correction?
During the Carter administration Paul Volcker declared war on inflation.  With inflation at 10% he raised rates to 20%.  Inflation persisted and continued to rise until it hit 14.8%.  Unemployment skyrocketed at the same time.  Eventually the prime interest rates hit 21.5%.  It took 3 years to finally get inflation down to reasonable levels.  But once successful inflation has been curtailed to low levels.  Until recently.  Imagine a situation where the interest on a $200,000 equivalent home today being 60,000/year!  Imagine this following the discovery that your life's earnings of $5 million in today's dollars will purchase a #1 meal at McDonalds just 4 weeks later.  Imagine your savings and the savings of everyone you know vanishing overnight.  Store shelves empty and massive unemployment.  This combined with subjugation of the nations of the world (and likely our own) in the chaos.  But never fear Elizabeth Warren is on the task.

Using a realistic method to determine inflation suggests the real inflation level to be near 15.5%.  We are told this is a temporary phenomenon due to COVID.  We are already experiencing shortages and continued lock-downs remain problematic.  Fed policy since the asset buy-back beginning in 2010 has resulted in the prime rate being buried at 0% to shield the Treasury from interest on the debt.  So a primary tool at the FR disposal is no longer deployable.  If the Fed raised rates anywhere near 21.5% financing the $30T debt would be crushing.  The government could reduce spending to $0 and still couldn't meet it's obligations.  The inevitable consequence is the Treasury would be unable to sell Treasuries and would find itself unable to borrow outside of the FR just printing dollars.  This of course would cause even more inflation and begin a never ending positive feedback cycle which will rise without limits.  It will be the only method of balancing the governments accounts and as the World's reserve currency would have wide ranging impacts throughout the world.  Imagine if you will inflation so intense 150$ in your paycheck having the buying power of 1$ at the end of the day.  The government issuing $5 quintillion bills (that's $5,000,000,000,000,000,000).  So the government decides to convert quintillions to single dollars called Qdollars.  It issues a $1 Qd note and 1 month later begins minting $10 Million Qd notes.  This isn't make believe, it actually happened in Zimbabwe and to a similar extent in several other cases.  Now picture this occurring in the US dollar.  What Volcker did in 1980 isn't really an option to fight inflation due to the massive debt.
 
Last edited by LibDave on 15 Jan 2022, 3:49 am, edited 1 time in total.

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LibDave

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One would think those in Congress would recognize the need to reign this in and curtail frivolous and even certain necessary expenditures with the utmost haste. Instead I watched the testimony of the FR chairman hearing and the questions posed to him were the modern day equivalent of "let them eat cake". The Fed is tasked with 2 things. Limit inflation and if this is achieved attempt to maximize employment. Inflation is to receive priority. It has no ability to make political policy beyond these functions. Yet Elizabeth Warren drones on about "if you wanted to have an impact on climate change what would you do differently and are you shaping your policy to focus on reducing climate change" followed by "I noticed there were no blacks or women on the FOMC, what steps are you taking to insure those on the committee are representative of these groups?" and "We will soon introduce legislation requiring the FOMC be comprised of members from each major demographic." Give me a break!!!! Totally clueless as to priorities of importance. Responses were classic. "The FR sets interest rates to stave off inflation. This isn't a political function. It represents the interest of not just Americans but the entire planet. Inflation does not discriminate by race or gender. So they already do have representation. To suggest otherwise is to suggest a doctor couldn't act in the interest of their patients unless they were of the same race, gender or ethnicity." How do people as clueless as this woman remain in office?

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Blackvegetable

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LibDave » 15 Jan 2022, 2:14 am » wrote: Okay!  Now that I have provided you an example of an assessment free of confirmation bias and what the numbers really mean, lets get back to my initial puzzlement.  You indicated (erroneously) Republican Presidents were actually more liable to exercise deficit spending as a criticism of the GOP.  As I have just shown this is false.  What I find more interesting is this means you DO RECOGNIZE deficits are not good. You seem to understand deficits are problematic yet still support DNC deficit spending.

....support every policy expenditure uttered without question and disregard your other principles such as "deficits are harmful" and the knowledge "there in no such thing as a free lunch" when it comes to economics.  This means your brain favors cognitive dissonance and just ignores and refuses to entertain the ideas simultaneously. Instead it chooses to shift from one to the other ignoring the obvious reality your perceptions/ideologies conflict.  This is what cult leaders take advantage of and foster in their followers to brainwash.  It is a facet of intellect required before brainwashing can take hold.  It permits cult leaders to convince followers of things ludicrous to those without cognitive dissonance.  They actually teach their followers through various techniques to hone their cognitive dissonance to amazing levels.  I find it odd someone who understands the implications of deficit spending can simultaneously support Democratic philosophy and not recognize their own doublethink.
 
You indicated (erroneously) Republican Presidents were actually more liable to exercise deficit spending as a criticism of the GOP.  As I have just shown this is false.
stop prattling, smoking cornhole.

It's called The Ordinal Property of Integers.

You libertarians are the dumbest **** shuffling.

You don't have any idea what you're yammering about.

Post the Federal Deficits for

FY 1981

FY 1989

FY 1993

FY 2001

FY 2009

FY 2017

FY 2021

No ****, just the data.

 
 

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Blackvegetable

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Liberalsarescum » 15 Jan 2022, 4:05 am » wrote: Well said and accurate , few understand how much inflation affects us in our daily lives .
The 2 of you are dumber than ****.

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omh

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Blackvegetable » 14 Jan 2022, 6:26 pm » wrote: Help him with the distinction between "Real" and "Nominal"



 
Nominal is equal to rationed ideology franchised between people typecast by race, creed, color, gender, national origin, stage of evolving as a great great grandchild, 1 of 2 parents or not, 1 of 4 grandparents or not, living or dead becoming 1 of 8 great grandparents or not, etc.

Remember rule of 72 calculates proportion of DNA previous generations were to each great great grandchild forward. parents are each 50%, grandparents are 25%, great grandparents are 12.5%, great great grandparents are 6.25%.

see how that works universally within the food chain. It is a natural constant evolving ratio, unless you inject incest forward. History shows what genetically goes wrong in that scenario.
Last edited by omh on 15 Jan 2022, 9:21 am, edited 1 time in total.

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StrictlyCashNCarry

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low vocabulary
 

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Ike Bana

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StrictlyCashNCarry » 14 Jan 2022, 7:55 pm » wrote:
IkeBana » 14 Jan 2022, 7:53 pm » wrote: Yeh...like the alt-right **** hereabouts never pitch around any insults, or racial and homophobic slurs.
"homophobic"  lol  

no such thing
Image
Introspection is missing in homophobes.   Image  Amongst a long list of other things also missing from the personalities of homophobes.
 

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Ike Bana

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Liberalsarescum » 15 Jan 2022, 3:06 am » wrote: Yes trumps pecker probably get hard around porno stars but bidens the one who has a history with 12 year old and younger kids smelling then and touching them and trying to get them to touch him/
Typical phoney-*** alt-right whataboutism...an on top of that, missing any evidence to even manufacture the whataboutism.
 

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IkeBana » 15 Jan 2022, 8:20 am » wrote: Introspection is missing in homophobes.   Image  Amongst a long list of other things also missing from the personalities of homophobes.
:rofl:  
 

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Ike Bana

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LibDave » 15 Jan 2022, 2:14 am » wrote: Okay!  Now that I have provided you an example of an assessment free of confirmation bias and what the numbers really mean, lets get back to my initial puzzlement.  You indicated (erroneously) Republican Presidents were actually more liable to exercise deficit spending as a criticism of the GOP.  As I have just shown this is false.  What I find more interesting is this means you DO RECOGNIZE deficits are not good. You seem to understand deficits are problematic yet still support DNC deficit spending.
Well OK...since none of the crystal ball gazers have been able to advise what this alleged "crash" will look like or how it will specifically be impacting the economy...here's my compact view of the essence of this discussion.

The last actual "crash" was the Fall 2008 investment banking meltdown. Yes there was a broad economic decline (crash? eh...maybe). Why? Primarily because...due to the greed and malfeasance running rampant in the investment banking community, and in September 2008 the failure of Lehman Bros., which was preceded by the failure of Bear Stearns, caused the entire banking system to shut down it's credit banking operations that American companies require to stay in operations. That's what crashed the economy.

But there hasn't been anything approaching a crashing of the economy since. The huge sell off in early 2020 in the equity markets was not an economic crash. And by late March it appeared that it was going to be a "V" selloff with a rapid recovery to market levels that exisisted in early 2020. That is not an economic crash. That's a stock market that the day traders, hedge funders, and algorithmic trading programs have turned into a casino.
 
 

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omh

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Blackvegetable » 14 Jan 2022, 8:31 pm » wrote: I direct the narrative.
tyranny done in passive aggressive use of vocabulary. Takes ancestors willing to compromise away their biological time mutually evolving here to keep social reality ancestrally real going forward one generation at a time currently leaving everything absolutely corrupted historically to date.

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Blackvegetable

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Antifa
Conservatively, 2X yours.
 

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Blackvegetable

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Liberalsarescum » 15 Jan 2022, 5:53 am » wrote: That still makes us smarter then you LOL.
Two of you fight it out for the right to challenge.

Get back to me.

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omh

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Liberals are scum » 15 Jan 2022, 4:05 am » wrote: Well said and accurate , few understand how much inflation affects us in our daily lives .
smoke blower. projecting blame, inciting flame, shaming anyone that questions your expertise in serving constant ignoring of life in plain sight for everyone's realities' sake cradle to grave.

character, image, illusion, rank in social order by context over content are all that count?

Great great grandparents don't rank any higher than arriving great great grandchildren replacement of each generation between evolving forward now.

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omh

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@vegas Discuss what it takes to avoid it and include all social methods used to direct it into fruition.

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omh

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omh

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I don't believe that. Love is just a word used to manipulate others poetically when occupying space evolving here now. Love is unconditional acceptance of life and those living as one of a kind that will never mind your ideas living larger than genetically timed apart here.

hate is the ambition to remove anyone/anything not compliant to ideas life is more than evolving here now.

again I am amazed how nobody shows how to prevent another one while orchestrating the next one to happen when their side loses the next election.

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peepee

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LibDave » 14 Jan 2022, 11:35 pm » wrote: But if the Treasuries aren't sold then the Government sells them to the Federal Reserve.
Image  

....'sells' is a retarded term.... more like 'the federal reserve' is given the bonds in exchange for some ['newly-created' 'out of thin air'] number$ they enter [anyone else would be charged with counterfeiting/fraud] into the account(s) the treasury has within 'the not federal no reserves'... 

...but this is only the beginning...these bonds are then 'deposited' within the fed's cartel of commercial bank member$ and are used/count as 'reserves' within our stinking rotten 'fractional reserve deposit creation scheme' which, in essence, gives these unelected 'banksters' the power to control every aspect of society...

...btw, you would be wise to stfu about some 10 to 1  Image   deposit/reserve ratio... i believe you'll find that is complete hor$e$h!t...  Image     

....a bigger issue you apparently can't see is that any country that must 'borrow' its money is not a truly sovereign nation....'the borrower is $ervant to the lender'... but i will bet bigtime you will continue to focus on the puppet$ and not the puppetma$ter$ because republicrats gotta  Image   republicrat...  Image   :wave:  
 
 
 
Last edited by peepee on 15 Jan 2022, 12:41 pm, edited 2 times in total.

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LibDave

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Blackvegetable » 15 Jan 2022, 5:37 am » wrote:
stop prattling, smoking cornhole.

It's called The Ordinal Property of Integers.

You libertarians are the dumbest **** shuffling.

You don't have any idea what you're yammering about.

Post the Federal Deficits for

FY 1981

FY 1989

FY 1993

FY 2001

FY 2009

FY 2017

FY 2021

No ****, just the data.
Post your own damn data.

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