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Liberty News ForumLNF Forums HereEconomics, Financial News › - are we in a debt bubble? - private or government debt?
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Hot Topic (More than 10 Replies) - are we in a debt bubble? - private or government debt? (Read 4,250 times)
President b@m@ FvcktrvmP be@u
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Re: - are we in a debt bubble? - private or government debt?
Reply #10 - Apr 3rd, 2016 at 9:34am
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Lomelis wrote on Apr 3rd, 2016 at 1:25am:
You and your alter ego, Billy, have already demonstrated that you don't understand wtf is going on.  Please just stay out of it and not vote for anything.


I don't know about bp, but I do know that I try to show you more
courtesy and respect than this. If I am ignorant, please educate me.
  

There are going to be some changes around here.
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Re: - are we in a debt bubble? - private or government debt?
Reply #11 - Apr 3rd, 2016 at 10:57am
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President b@m@ FvcktrvmP be@u wrote on Apr 3rd, 2016 at 9:31am:
Of course not. I know little or nothing about your personal situation.
I'm not discussing personal anecdotes. I am discussing general trends
and govt'al policies. Since worker's wages became stagnant and
were then largely uncoupled from productivity (mid to late 1970's
until this very day), an increase in debt has been used to trap consumers
in what used to be a consumer economy and to instead make them
debtors in what Baby Bush called an "ownership society".

This doesn't sound like people are being paid with "personal debt", which was your original assertion. It sounds like people are getting paid, and then accumulating debt of their own choice.

This interest on this debt is artificially lower than it otherwise would be, particularly now, because of monetary policy and ZIRP.

President b@m@ FvcktrvmP be@u wrote on Apr 3rd, 2016 at 9:31am:
We both know
that Bush JR. didn't have a clue about anything, but he represented
people who fleeced Americans often using debt as a weapon.

Facilitated by ~40 years of a near continuous trend of credit expansion through lowering of interest rates (see previous graph on page one of this thread).

Without that, supported by both parties and in fact incentivized within our government system, none of this is possible at the scale we are seeing.

President b@m@ FvcktrvmP be@u wrote on Apr 3rd, 2016 at 9:31am:
Meanwhile, the so-called investment class is continuing to fund or back
the debt they create (and call wealth) with somebody else's money,
too often generated and handed down to them at little or no interest
from the Fed
, while pursuing and receiving favorable subsidies and other
legislative and tax benefits, as well as relaxed or non-existent regulation.

Surely you are aware of this.

I'm aware of the fed policy, which I thank you for pointing out.

I am not aware of "non-existent regulation".

The list of regulations has risen, at near constant acceleration, for a very long time.

De-regulation in the macro perspective is an absolute myth, and is easily disproven.
  

BowHunter wrote on Feb 3rd, 2017 at 5:08pm:
I am no longer indulging assholes.
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Re: - are we in a debt bubble? - private or government debt?
Reply #12 - Apr 3rd, 2016 at 9:22pm
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The dollar will not be worth a dime. So the money and property that I and you have will be worth nothing. That is why buying gold and silver is so popular now. But even that can lose value. Socialism does not work. Capitalism does with everyone working and selling our goods all over the world. Quality products. We have been buried with junk from china and other countries for too long. We must compete, and compete pricewise. Less union and government burden. Work for the people. Money for the workers. So they can invest for retirement, so they can buy that house and car (American I hope) they like. Socialism like Hillary and Obama does not work. Just listen to Sanders. He tells the truth. Hillary and Obama lie like a rug.
Smiley
  

Freedom&&&&
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President b@m@ FvcktrvmP be@u
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Re: - are we in a debt bubble? - private or government debt?
Reply #13 - Apr 3rd, 2016 at 11:06pm
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Rabbit_Reborn wrote on Apr 3rd, 2016 at 10:57am:
This doesn't sound like people are being paid with "personal debt", which was your original assertion.
It sounds like people are getting paid, and then accumulating debt of their own choice.


I didn't assert anything of the sort. I said that rather than wages
increasing to keep pace with either productivity and/or inflation,
workers were allowed more credit in lieu of wages which translates
to deeper debt. While it is not quite as direct as owing the company store,
which is what you may think I was implying, it is not that far from it.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #14 - Apr 4th, 2016 at 12:49am
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President b@m@ FvcktrvmP be@u wrote on Apr 3rd, 2016 at 11:06pm:
I didn't assert anything of the sort. I said that rather than wages
increasing to keep pace with either productivity and/or inflation,
workers were allowed more credit in lieu of wages which translates
to deeper debt. While it is not quite as direct as owing the company store,
which is what you may think I was implying, it is not that far from it.


Dude that's exactly what you said earlier in this thread.  You asserted that.  It's right there for everyone to see.

And yes, my alter ego comment earlier was a dick statement, that I stand by because I suspect that Billy is another one of your throwaway accounts.  I don't respect that kind of BS that you have acknowledged already that you do.
  

Deny, Ignore, Evade, Distract, Place Blame Elsewhere!  Must defend the Trump Messiah!

But, but, but....but Hillary, but Lynch, but Obama, but Boosh, but Clinton!
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Re: - are we in a debt bubble? - private or government debt?
Reply #15 - Apr 4th, 2016 at 1:16am
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Lomelis wrote on Apr 4th, 2016 at 12:49am:
Dude that's exactly what you said earlier in this thread.  You asserted that.  It's right there for everyone to see.

And yes, my alter ego comment earlier was a dick statement, that I stand by because I suspect that Billy is another one of your throwaway accounts.  I don't respect that kind of BS that you have acknowledged already that you do.


Then I am not making my point clearly, despite considerable effort.

Regardless, I am not billypilgrim.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #16 - Apr 4th, 2016 at 1:36am
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President b@m@ FvcktrvmP be@u wrote on Apr 4th, 2016 at 1:16am:
Then I am not making my point clearly, despite considerable effort.

Regardless, I am not billypilgrim.


The point that you made was that you deny even making the assertion despite it being blatantly right there on the front page.  Perhaps that's not what you meant to say, but denying you said it and trying to portray others as not understanding the words you put on the screen for everyone to see is not exactly the best way to go about it.
  

Deny, Ignore, Evade, Distract, Place Blame Elsewhere!  Must defend the Trump Messiah!

But, but, but....but Hillary, but Lynch, but Obama, but Boosh, but Clinton!
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President b@m@ FvcktrvmP be@u
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Re: - are we in a debt bubble? - private or government debt?
Reply #17 - Apr 4th, 2016 at 1:51am
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Lomelis wrote on Apr 4th, 2016 at 1:36am:
The point that you made was that you deny even making the assertion despite it being blatantly right there on the front page.  Perhaps that's not what you meant to say, but denying you said it and trying to portray others as not understanding the words you put on the screen for everyone to see is not exactly the best way to go about it.


What I was saying is clear to me,
and it not what you think I was saying.
As productivity and inflation increased,
workers received higher credit limits (debt)
rather than increased wages. They still aren't
getting paid wages to match their productivity,
and they and their country are faced with staggering debt
which did not and does not benefit them. It benefits those
who have done little or nothing to deserve or earn that benefit. 
I'm surprised that you don't seem to realize and agree with that.
  

There are going to be some changes around here.
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Re: - are we in a debt bubble? - private or government debt?
Reply #18 - Apr 4th, 2016 at 1:44pm
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For the record, this thread demonstrates the problem with an inflexible ideology,
regardless of what that ideology is. I am here largely agreeing with the arguments
and point of view of some of the so-called libertarians on this board, but because of
other arguments which they have seen me make here, they are failing
to see that in this instance (and many others) we share common ground.
  

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Re: - are we in a debt bubble? - private or government debt?
Reply #19 - Apr 5th, 2016 at 9:19pm
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President b@m@ FvcktrvmP be@u wrote on Apr 2nd, 2016 at 11:36pm:
Workers are paid as much with debt, largely personal,
but some gov'tal (via some sort of subsidy or assistance)
as with wages, so that corporations do not have to reward
productivity or share the money which is being "created" and
given to the investment class which is doing nothing to earn it.


If they are doing nothing to earn it, why are people giving it to them?
  
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