Ponderable

Bruddah IZ said:
Number One: we need to be clear about the terms we are using. Instead of talking about “inflation” in the loose sense, as above, it is more accurate to speak of currency debasement, which is the real impact of fiat money creation by any means. We experience currency debasement as declining purchasing power. Two sides of the same coin: one reflects the other.

Number Two: the above question overlooks the fact that the measures used in this process are inherently unreliable. The decline in purchasing power is most evident when objectively measured by reference to an essential commodity such as oil — rather than against the Consumer Price Index (CPI). The CPI purports to reflect the prices of ingredients selected by government statisticians in what they consider to be a typical, but notional, basket of “consumer goods and services.” This basket, whose contents are varied periodically, results in an index that cannot be trusted as an objective barometer. It supports the wizardry of non-independent Treasury statisticians, and relates to goods that scarcely feature in your shopping basket or mine.

Blowing Bubbles
Number Three: newly created fiat money must go somewhere — and so it goes into the grasp of its first receivers, the banks, the financial institutions, government institutions, and urban moneyed classes who least need it — widening the gap between rich and poor — and thereby building asset bubbles in property, luxury cars, yachts and the myriad baubles that only the very rich can afford to acquire. So never say that “there is no price inflation” — it’s just that those asset prices don’t figure in the official CPI stats.

Number Four: The European Central Bank (ECB) is no slouch when it comes to money creation out of thin air, and banks within the euro zone have therefore come to rely on it for survival. The solvency of Southern EU countries is dependent on the promise of limitless — thanks to Mario “Whatever it takes” Draghi — fiat money bailouts from the ECB. But, until the next bailout arrives, governments of Europe will do their coercive best to prop up their insolvent banks by any means, fair or foul. In Italy, for example, the government has now “invited” the country’s pension funds to invest 500 million euros in a bank fund called “Atlante,” which has been formally set up as a buyer of last resort to help Italian lenders (whose bad debts equate to a fifth of GDP) reduce their toxic burden. Having run out of other people’s money the Italian government is now trying to raid the nation’s pension funds.

Number Five: In the same vein, you have no doubt heard reference to “helicopter money.” This is a variant of QE favored by certain politicians who talk blithely about the need for “QE for the people.” The idea is to by-pass the treasury mandarins by dropping newly printed money directly to the people via government spending, so that they (rather than the already-rich classes) can benefit from the bonanza and aid the economy by spending their new-found wealth. Again, this notion commits the fundamental error of equating “money” and “wealth.” If everyone suddenly finds that free handouts have swelled their bank accounts, how long will it be before prices follow? (And since even helicopter money originates at the central bank, you can be sure that the financial sector will somehow get its hands on it first anyway!)

Number Six: the final point concerns the corrosive effect of the deliberate and utterly misguided suppression of interest rates which, if they were allowed to find their own market level, would represent the time-value of money, or what the private sector is prepared to pay for liquidity — either for spending now or saving for future spending.
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Your college textbook mumbo jumbo might matter if you were in college. Here in the real world, just look at the wealth people and companies have and ask yourself if the money is real that they got from QE, or hard work, or wherever. It’s real, pal. If you’re worried that Trump will send us into a spiral, that could be a legitimate concern.
 
xav10 said:
Your college textbook mumbo jumbo might matter if you were in college. Here in the real world, just look at the wealth people and companies have and ask yourself if the money is real that they got from QE, or hard work, or wherever. It’s real, pal. If you’re worried that Trump will send us into a spiral, that could be a legitimate concern.
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LMAO! College does a poor job of teaching what inflation really is. Hence your digression here:

"Here in the real world, just look at the wealth people and companies have and ask yourself if the money is real that they got from QE, or hard work, or wherever."

The above is one of my favorite clueless rants from you. You have no idea what you're talking about. Get some help. I did and do. Espola says I'm brilliant when I do.
 
Bruddah IZ said:
LMAO! College does a poor job of teaching what inflation really is. Hence your digression here:

"Here in the real world, just look at the wealth people and companies have and ask yourself if the money is real that they got from QE, or hard work, or wherever."

The above is one of my favorite clueless rants from you. You have no idea what you're talking about. Get some help. I did and do. Espola says I'm brilliant when I do.
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OBVI
 
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Sri Lankan Migrants Scalp Man and Cut Off His Arm in Paris Restaurant
by Chris Tomlinson
 
Bruddah IZ said:
LMAO! College does a poor job of teaching what inflation really is. Hence your digression here:

"Here in the real world, just look at the wealth people and companies have and ask yourself if the money is real that they got from QE, or hard work, or wherever."

The above is one of my favorite clueless rants from you. You have no idea what you're talking about. Get some help. I did and do. Espola says I'm brilliant when I do.
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Go buy some real money with your QE money, idiot. Then read about the Fed and the trilateral commission. I will be at the office making QE money to take a vacation this summer. Can I pay my VISA bill with QE money?
 
George%20Gallagher%20file.JPG

State District Judge George Gallagher ordered a convicted sex offender to be shocked during a trial in 2014. Rodger Mallison Star-Telegram archives

Latest News
Tarrant County judge used electric shocks to punish sex offender, who is getting a new trial
By Jeff Caplan And Mitch Mitchell


March 07, 2018 12:00 PM

Updated 9 minutes ago

FORT WORTH
State District Judge George Gallagher of Tarrant County told a bailiff on three occasions to punish an uncooperative defendant with electric shocks, and now the sex offender's conviction has been overturned and a new trial ordered.

Stun belts can be strapped around the legs of some defendants and used to deliver thousands of volts of electric shock in the instance a defendant turns violent or attempts to escape the courtroom. However, in the case of Terry Lee Morris, who was convicted in 2014 of charges of soliciting sexual performance from a 15-year-old girl, an appeals court found that Gallagher used electric shocks as punishment after Morris failed to answer the judge's questions properly.


Gallagher, the District 396 judge since 2000, declined to comment, as did a spokeswoman with the Tarrant County district attorney's office.



Read more here: http://www.star-telegram.com/latest-news/article203890369.html#storylink=cpy
 
Sheriff Joe said:
George%20Gallagher%20file.JPG

State District Judge George Gallagher ordered a convicted sex offender to be shocked during a trial in 2014. Rodger Mallison Star-Telegram archives

Latest News
Tarrant County judge used electric shocks to punish sex offender, who is getting a new trial
By Jeff Caplan And Mitch Mitchell


March 07, 2018 12:00 PM

Updated 9 minutes ago

FORT WORTH
State District Judge George Gallagher of Tarrant County told a bailiff on three occasions to punish an uncooperative defendant with electric shocks, and now the sex offender's conviction has been overturned and a new trial ordered.

Stun belts can be strapped around the legs of some defendants and used to deliver thousands of volts of electric shock in the instance a defendant turns violent or attempts to escape the courtroom. However, in the case of Terry Lee Morris, who was convicted in 2014 of charges of soliciting sexual performance from a 15-year-old girl, an appeals court found that Gallagher used electric shocks as punishment after Morris failed to answer the judge's questions properly.


Gallagher, the District 396 judge since 2000, declined to comment, as did a spokeswoman with the Tarrant County district attorney's office.



Read more here: http://www.star-telegram.com/latest-news/article203890369.html#storylink=cpy
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Ouch!
 
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