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TPS

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Everything posted by TPS

  1. The $1.5 trillion in Reserves are also on the BS of banks, so why isn't it inflationary? It's clear you don't understand the fundamental causes of inflation. You clearly underestimate the power of central banks. And, the majority of Japanese debt is held internally, so the government bond market doesn't have much influence on the yen exchange rate. Raytheon is used as one example of how government spending influences the value of a companies shares (wealth creation). So it appears that you now agree that government spending influences wealth creation.... And the US controls most of the international payments system. Look what happens when a country gets on our bad side....a dominant military force is also a requirement to be the reserve currency....
  2. Here's what it states: https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
  3. Again, 30% is the projection for Trump’s first term only. It’s also hard to compare Admins who experienced serious recessions like Rr and Obama. I’m not sure what your point was, and I don’t think I gave it much of a look the first time...it bordered on my length! ?
  4. I guess if you ignore the democratic presidents... Blasphemy! You mean government spending explains faster growth under Trump? I'm shocked, shocked I tell ya....
  5. This is not true. You made an error in that post. You said Trump's increase would be 30% "estimated for 8 years," but the 30% was for his first term only. The projected amount for 8 years was an increase of $9.1 trillion over Obama's ending total of $20.245 trillion, which is a 45% increase.
  6. I think this is a mostly fair assessment of Trump's predicament with the economy. https://news.yahoo.com/recession-signs-worry-trump-ahead-213427540.html .
  7. Maybe they'll put Kroft on the PUP list, keeping Smith, Knox, and Sweeney?
  8. I’m with you on this. Watch the Shady TD. He and Long create a huge hole and DiMarco takes care of the LB. This may be the deepest OL group they’ve had in a long time.
  9. Feliciano also looks like an upgrade over last year, if he has to play C. Two Similar plays from last night that show a huge upgrade: Shady's TD and a 3rd down and short run for the first. The OL won the line of scrimmage on both. That was rare last year in short yardage.
  10. Pass Pro excellent in some of those and good in others.
  11. The US has already given up its economic supremacy, and, as I stated, it has nothing to do with MMT. The economic demise is inevitable, and it is usually associated with finance becoming the dominant "industry," an industry that produces no tangible good. Please explain why QE is "fundamentally inflationary." As I've suggested, your errors seem to stem from not understanding the causes of inflation, so please do explain. If this was true, then please explain why there is no inflation in Japan. And "some day" is not an answer....do YOU have a theory? The statement that "deficit spending stimulates an increase in private sector wealth creation" is not the same thing as saying "all private sector wealth creation depends on government actions." I'll say it again for you, government does not create wealth, but it does spur greater wealth creation by the private sector when it deficit spends because it puts more REAL resources to work (like the Raytheon example). As TRump has shown, government does not have to tax to spend more on Raytheon's "products; in fact, he cut taxes AND increased defense spending--he increased the level of deficit spending! (I wonder how Raytheon's share prices reacted to Trump's increase in defense spending...?) Yes, the discussion will go nowhere because you don't understand the nature of the argument, as that second sentence indicates. Where does money come from? How do people and firms pay their taxes? A complete straw man statement.
  12. Context is everything.... "The Israeli government used my love and desire to see my grandmother to silence me and made my ability to do so contingent upon my signing a letter — reflecting just how undemocratic and afraid they are of the truth my trip would reveal about what is happening in the State of Israel and to Palestinians living under occupation with United States support," she said in the statement.
  13. Yeah, he's making the team. Love and Johnson are both LDEs.
  14. He's not ready for prime time. I doubt he's going to Play STs, so anyone who would try to poach him would have to stash him on the 53. It appears you're saying, though, that, as the designated transition player, the Bills can assign him to the PS without going through waivers? Thanks.
  15. I agree; he would be picked up by someone. So does that mean he takes Love's spot or do they keep 5 as I suggested?
  16. How about ST in general? The blocking on the returns looked good too. Not enough punts by the Bills to judge the coverage.
  17. Johnson will be an interesting decision, as will Be LDE in general. Love vs Johnson. I think Yarbrough has backed up Jerry previously, but Shaw is there now. Johnson may force them to keep 5 DE, Love being the 8th. The DTs are set.
  18. I'm not sold that the run D Has improved.
  19. Favorite under the radar play so far: third and less than 2, McCoy run to right side for about 3. Last year the O-line rarely got that push.
  20. Probably Pats fans, because i think she is related to Belichick...check it out....
  21. The guy seems a bit confused. He thinks the loss of reserve status is related to money printing; it's not. It's related to the decline in economic power. Economic power is what gives rise to military/political power which is used to push its currency on the world. The decline of the US started in the late 1970s as US corps began to outsource production, and was hastened by the rise of LBOs in the 1980s and private equity over the past 20 years, both of which focus on short term profits, buying and breaking up firms for a quick buck. The decline in the economic base goes along with the decline of the middle class and stagnant wages, with Walmart now the largest private sector employer. The loss of those good jobs reduces the tax base in the middle, and with the significant rise in inequality, those at the top pay most of the taxes. However, they have pushed your favored supply side economics in order to cut their taxes, so deficits have gotten bigger every time supply side tax cuts are passed. Deficits are compounded on the spending side as the MIC gets their share by pushing endless conflict, and the day of reckoning is coming because government can't both provide the resources to maintain the war machine and provide the promises to my generation. However, the constraint is NOT about money, rather it's a real resource constraint. Will we have enough productive capacity (labor and machinery) to meet the demand for both the military goods AND the consumption goods driven by the SS payments to retirees (not to mention all of the claims on goods and services by the rest of the private sector!)? No. The government could simply "appropriate additional funds" and fill the future SS gap, but that would lead to too many claims on the available resources--inflation, which is the ultimate constraint on fiscal policy. So woe is us, it's all MMT's fault (not), even though most of you never heard of it until this year (thanks AOC!). The reality is the decline of the US began a long time ago, and just as the rising economic power of the US took over from the declining economic power of the UK, so too will the rising economic power China usurp the declining economic power of US. The US will lose its reserve currency status, but it won't be MMT's fault.....
  22. As is always the case, there are many factors influencing the economy. On the negative side is manufacturing from the trade war; on the positive side are government spending increases and consumer spending buoyed by higher employment. Unfortunately, much of the boost from consumers will be spent on imports since we make very few consumer goods here. Again, this is what the current showdown is all about, but in the meantime, the GDP growth numbers will most likely stay in the Obama range....
  23. I guess looking at the date would've helped, though having the original thread would too....
  24. This is interesting....Sacha Baron Cohen almost exposing pedophile ring...but FBI decides not to act...hmmm... https://www.vanityfair.com/hollywood/2018/12/sacha-baron-cohen-vegas-pedophile-ring
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