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Posted on Wed, Sep 18, 2013 08:39

Watching CNBC, I saw Jim Cramer emote about the debt ceiling, and its effect on the market.  "When Boehner speaks, someone needs to pull the plug on the microphone."  

 

I noticed the market was down today, mostly because of the Fed meeting.  How could the knowledge that the market would be down on a given day be turned into money?  Hmmm...

 

Then our President made an appearance on the tiny screen.  There's the real money, figuring out when the President will speak.  Every time he speaks during market hours, the market goes down.  

 

He was saying that the Republicans are extorting a position out of him by using threats of not raising the debt ceiling and that in a few days the situation will become epic in proportions and crisis crisis crisis.  

 

Yeah yeah.  It reminds me of reading that the hospital was closed for a day, and the mortality rate went down.  

 

What will happen?  The same thing that happened last time.  Our President will select the most aggravating things to shut down, like sending all the people that do search and seizure at the airport home so people can't get on the plane, which obviously would blow up if they did.  A whole lot of nothing.  Will the Social Security check be sent?  What will Gramma do?  Scaring people.  And the "crisis" will again blow over.



Bab : )

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Posted on Thu, Sep 26, 2013 08:51

Quoting Dakota35:

Million, Billion, Trillion, Quadrillion, Quintillion, Sextillion, Septillion...then Obama is out of the WhiteHouse.


Yay!  I think we should call a quadrillion a "drillion."  It works better with million, billion, trillion. When do we get to a zillion?



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Posted on Tue, Sep 24, 2013 19:55

What comes after a trillion?



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Posted on Mon, Sep 23, 2013 08:00

Quoting Pedestrian2000:

The problem is bipartisan I will agree but the current political/economic threat is too risky to discuss. We have fiscal problems but the debt ceiling is far too risky a venture to use as a blunt instrument. 

For example...let's say the repubs win the white house in 2016. Unless they have dicovered a new math the following Sept. the debt ceiling will need to be raised. Do the dems hold it hostage to a tax increase ?



Well, long ago, I remember that President Reagan voted for a tax increase.  Maybe more than one.  One of my dem friends was hooting and hollering about how taxes had increased under Reagan. 

I said, "But, Reagan had a democratic Congress!  They were the ones who voted in the tax bills that were put before him.  That makes it Reagan's fault?"  

It reminds me of another friend whose wife divorced him.  Every time someone brought up the subject, they would say that he had left his wife.  "But she divorced him!"  "Oh, well, she had to..."  "Why, because she needed the bulk of their assets in her bank account?"

Reading an old book by Carl Sandburg about President Lincoln, I was really surprised at how modern all Lincoln's political thoughts were.  All the current twists and turns.  I'm pretty sure the politicians sit up nights reading what politicians of old did.  "His wife is a thesbian!" claimed one candidate of the other.  

It's just hard to believe how insane allowing our leaders to handle money has turned out.  I don't see sanity returning soon.  When called to task, there will be finger pointing, some of it exotic.



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Posted on Sun, Sep 22, 2013 23:37

Quoting MillionDollarBab:

Dak, 

We need a debt ceiling, but it seems like we have the pretense of a debt ceiling, not really a debt ceiling. We have a political fottball that gets tossed around sometimes.



The problem is bipartisan I will agree but the current political/economic threat is too risky to discuss. We have fiscal problems but the debt ceiling is far too risky a venture to use as a blunt instrument. 

For example...let's say the repubs win the white house in 2016. Unless they have dicovered a new math the following Sept. the debt ceiling will need to be raised. Do the dems hold it hostage to a tax increase ?



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Posted on Sun, Sep 22, 2013 16:04

Dak, 

We need a debt ceiling, but it seems like we have the pretense of a debt ceiling, not really a debt ceiling. We have a political fottball that gets tossed around sometimes.



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Posted on Sun, Sep 22, 2013 10:36

Quoting Pedestrian2000:

The federal debt ceiling is our oft. repeated exercise in self-deception. "Why do you even have a debt ceiling, you never stick to it." James Buckley (federal judge and former sen. C-NY) That's right blogroids...the only senator ever elected (maybe the only elected person) from the Conservative party.

That this fight reveals what seems to be a newly engrained hynocrisy of the right, seems also to either reveal some very short memories where the real truth is, or...the right doesn't really care.

If they had cared, they wouldn't have almost deliberately added $6 trillion in debt from a projected $5 trillion surplus over the same time period...2000-2008.

 



Hi Pedestrian, 

Why do we have a debt ceiling?  I sure don't know.  It serves no purpose.  Blogroid.  That's a new one on me.  I've never been called that before.  That sounds accurate.  



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Posted on Sun, Sep 22, 2013 08:57

The federal debt ceiling is our oft. repeated exercise in self-deception. "Why do you even have a debt ceiling, you never stick to it." James Buckley (federal judge and former sen. C-NY) That's right blogroids...the only senator ever elected (maybe the only elected person) from the Conservative party.

That this fight reveals what seems to be a newly engrained hynocrisy of the right, seems also to either reveal some very short memories where the real truth is, or...the right doesn't really care.

If they had cared, they wouldn't have almost deliberately added $6 trillion in debt from a projected $5 trillion surplus over the same time period...2000-2008.

 



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Posted on Sat, Sep 21, 2013 09:39

Hi Dak, 

 

Ahhh...I like your ideas about back to the farm.  Itls like music. 

 

2 Chronicles. 7:14

 

"If my people which are called by my name, shall humble themselves, and pray, and seek my face,  and turn from their wicked ways; then will I hear from heaven, and willforgive their sin, and will heal their land."  

 

We could be back on track tomorrow if we did that, and maybe we will.  

 

 

 

 

 

 

 

 



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Posted on Fri, Sep 20, 2013 07:14

Hi Curious,  

You may be on the right track.  

I actually feel there could be a turn of events, a good one, that would put our whole country on better footing, maybe not far off.  

For example, the US really has massive amounts of public land.  That could be put to use instead of used for no man's land.  It could be developed all sorts of ways.  I think oil and gas will help us, too.  



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Posted on Fri, Sep 20, 2013 07:08

Ha ha.  The goose populations may decrease significantly around here anyway.  

I do actually have a plan.  Sprouts.  Sprouts?  Yes, during WWII the government tried to educate the public on growing sprouts in the hope of averting famine in the event of a disruption of the food supply.  Seeds are good because they can be stored and very nutritious when sprouted.  Seeds don't take up a whole lot of room either.  Then some things like powdered eggs and milk, and oil, and a few other items, and well, it's something.  



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Posted on Thu, Sep 19, 2013 16:50

Quoting MillionDollarBab:

Hi Dak, 

Well, there is a lot that I don't understand, but I have seen political figures manipulate the market, the money supply, the banks.  I used to own GM.  Where did that go?  Poof.  I'm not quite sure of my position on the food chain.  It doesn't seem to be very high.  Thank you for your concern.



After reading everything MDB and Dakota have written here, I've concluded that I am about as low on the food chain as a caterpillar crawling across the road and as likely to get run over by a car before I reach other side as I am to get eaten by a sharp-eyed bird. 

 

I inclined now to think it's time to dig in--into the ground while it's still warm and soft enough to dig into--and hold up there, hybernating until spring.  Which spring is the question.  The real spring that comes around in May or so?  Or the spring that will occur when a true Constitutionalist comes into power?  That could take more years than this "caterpillar" has.

 

LMAO so I don't cry.



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Posted on Thu, Sep 19, 2013 15:26

Hi Dak

 

Well, I've heard about shorting.  I even see that I'm allowed to short, but that would only happen if I pushed the wrong buttons by accident, which I've done a few times.  I suppose I have placed what some call risky trades, but I'm not familiar enough with the world of shorting to go there.  

 

I recently placed stop loss orders and also bought puts on the positions I was worried about.  But usually puts don't seem to do anything for me but cost money.  I have a lot better feel for calls. 

 

As far as the casino, exactly.  I'm in the casino.  Flying blind a lot too.  However, I don't go to the casinos any more because I just felt God didn't like it.  

 

Full service brokers?  Yeah, very, very bad.  Every single thing that has been said to me by a full service broker has been exactly what not to do.  Coincidence??  I think not.  

 

What to do?  I just do my best guess.  I don't have to always be right.  And mostly I just buy long stock positions, usually with a big dividend.  Gold?  I agree.  An insurance policy.  What do you think of silver?  I keep hearing it's not really a precious metal.  But then I think about all the uses for silver in technology.  I'm not sure about silver either way. It seems like it would be a hassle to own much of it.

 

Now, this is how I think the whole inflation thing could be solved.  Go back to gold and silver coins, and paper money backed by them.  Or just the coins.  Some have said to me, "Oh, gold and silver coins would be too heavy to carry around!"  Oh, really?  $10,000 in gold coins would weigh less than a pound.  And why do you need to carry that much around?  

 

I think China would prefer that we not print worthless money, and it used to concern me.  But then, that gives them a stake in trying to keep us from going under.  We're not the only jokers on the planet.  If we go down, the whole world house of cards goes down.  How will we avoid hyperinflations?  I suppose that's next.  But then, owning assets like stock seems to me like the most likely way to keep up with inflation, even hyperinflation. 

 

PS I think inflation has been the plan for Uncle Sam to pay his bills.  I really don't think most people will ever catch on.  The boob tube didn't sayt that so it isn't so!



Bab : )

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Posted on Wed, Sep 18, 2013 20:00

Hi Dak, 

Well, there is a lot that I don't understand, but I have seen political figures manipulate the market, the money supply, the banks.  I used to own GM.  Where did that go?  Poof.  I'm not quite sure of my position on the food chain.  It doesn't seem to be very high.  Thank you for your concern.



Bab : )

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