Posted on 02/10/2006 5:08:24 AM PST by LowCountryJoe
That sounds absolutely preposterous. If you have a link on that we'd all be interested. If you have trouble finding a source, you might want to consider the possibility that you're mistaken.
Some people are getting rich, at the expense of others.
Again, absolutely preposterous. Over the past year, the total of all the private wealth in the US went from $48 trillion to $52 trillion. I say that the rich create wealth. Think for a second. Let's say that every single penny that us rich guys have was stolen from some poor people. If you can figure out where the poor people got that $48 trillion that I stole, please tell me where I got the other $4 trillion.
Was that a voices in your head vote? Or could other people hear it too?
It was on CSPAN.
Over the past year, the total of all the private wealth in the US went from $48 trillion to $52 trillion.
Asset inflation isn't wealth.
It depends upon who was listening. You clearly weren't.
It wasn't. Greenspan's comments (even when he's on CSPAN) are all published by the Fed (here). It ain't there.
Asset inflation isn't wealth.
Inflation this past year was 3%, so that might explain $1.5 trillion. Where did the other $2.5 trillion come from?
bookmark
Where did the other $2.5 trillion come from?
How about a real estate bubble.
Yes. If "operational control" is what is meant by "use." "Use" of an asset means "use as one sees fit." We certainly do not have that now.
Most of the time, I have a lot of respect for Roberts.
Carry_okie also has a lot to say that is worth listening to. His grasp of issues on certain topics is much broader than mine. I respect his opinion immensely.
And no, no voices in my head told me to say that.
I didn't say that it did. I said that the Desertification treaty was passed by a voice vote. You asked me to prove it, so I did. It isn't the first such dirty treay either.
Using treaties to get around the Constitution and empower environmental laws for fun and profit has been going on since the early 1940s. The Convention on Nature Protection committed the entire land area of the United States and the resources of the entire economy to save any endangered species. I have the Congressional Record from that date proving that Cordell Hull lied to the Senate in his letter describing the scope of the treaty. FReeper sauropod dug up that letter at the Library of Congress for me as part of the research for a book. There are no online links, but I may put up a pdf some day.
I'm in and out only for short periods today and won't post tomorrow. So if it looks like I left, I'll be back Sunday.
Thanks. Now if you could prove that Treasury debt is backed by any collateral then I'll stop assuming that you're crazy.
No it wasn't (click here).
How about a real estate bubble..
Thank you for dropping that slur that somehow I've gotten my wealth at the expense of others. Just the same, total real estate equity (after deducting mortgages) only went from $10.9 trillion to $11.1 trillion. So inflation explains $1.5 trillion and real estate explains 200 billion. Look, I'm having a easy Friday so I got lots of time, but it might be a lot less work for you to just consider the possibility that us rich guys are creating wealth --big time
I'm sure you're right. When it comes to Treasury debt being backed by Western land, he comes off as a conspiracy believing nutjob.
Same here. Then again, I only listen to my voices for porn so they wouldn't have been any help anyway.
Did you ever finance a house? Have you ever worked or owned a company who used borrowing to expand or make capital goods purchases? if yes to either, you must have been living beyond your means.
You brought up use. This is what it means to me, the privilege or benefit of using something.
If you want to define it as "operational control", well we already admitted that we gave that up thanks to Jimmy Carter.
"Use" of an asset means "use as one sees fit."
Really? I can use the street in front of my house, but the police might be upset if I used it at 130 MPH. They probably won't let me "use" it like that again.
Yes positive investments in Chinese infrastructure and military development. That's how Chinese missiles, rockets, subs, fighters, and tanks are built.
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