There was no explanation in that video. He made a serious of claims and a number of false statements. Defaulting on the debt does not force a balance budget. It creates law suits for breach of contract.
If you're a gold bug, you don't want default since default would drive up the real interest rate which would drive down the price of gold. Gold is driven by the real interest rate.
It's no coincidence that just about everyone who says "default is no big deal" also believes in creationism.
Where to begin? Defaulting on the debt forces a balanced budget since no lender of sound mind will loan Uncle Sam a nickle post-default. Gold is driven by much more than the real interest rate--post-default, the vacuum left after the dollar's collapse can only benefit holders of physical gold.
Speaking of interest rates, are you conceding a correlation between them and the likelihood of default? An earlier poster has asked that you clarify your contention that bonds are an asset to the issuer, but I don't recall seeing a response from you on this bizarre theory which defies basic accounting.
Please elaborate on your claim that Lew made a number of false statements. Which ones exactly, and why are they false? And how exactly does creationism come into this? (Cretinism maybe, but not from Lew's commentary.)
"There was no explanation in that video. He made a serious of claims and a number of false statements."
Please point out the false statements. If you do not, then you are nothing but a liar.
"Defaulting on the debt does not force a balance budget. It creates law suits for breach of contract."
Please elaborate with examples/proof.
"If you're a gold bug, you don't want default since default would drive up the real interest rate which would drive down the price of gold. Gold is driven by the real interest rate."
Prove it.
"It's no coincidence that just about everyone who says "default is no big deal" also believes in creationism."
Almost everyone of Jerry's comments have a line in them that describe him to a tee. "He made a serious [sic] of claims and a number of false statements." BINGO! The last line is also an example. He believes all kinds of fallacies, so he sees creationists every where he looks. Or maybe he is Lenny Bruce reincarnate and he just wants to get a rise out of us. Brilliant!
There was no explanation in that video. He made a serious of claims and a number of false statements. Defaulting on the debt does not force a balance budget. It creates law suits for breach of contract.
ReplyDeleteIf you're a gold bug, you don't want default since default would drive up the real interest rate which would drive down the price of gold. Gold is driven by the real interest rate.
It's no coincidence that just about everyone who says "default is no big deal" also believes in creationism.
Where to begin? Defaulting on the debt forces a balanced budget since no lender of sound mind will loan Uncle Sam a nickle post-default. Gold is driven by much more than the real interest rate--post-default, the vacuum left after the dollar's collapse can only benefit holders of physical gold.
DeleteSpeaking of interest rates, are you conceding a correlation between them and the likelihood of default? An earlier poster has asked that you clarify your contention that bonds are an asset to the issuer, but I don't recall seeing a response from you on this bizarre theory which defies basic accounting.
Please elaborate on your claim that Lew made a number of false statements. Which ones exactly, and why are they false? And how exactly does creationism come into this? (Cretinism maybe, but not from Lew's commentary.)
Its perfectly ok to breach this contract. Go look it up. And repeat after me: The state is not great!
Delete"There was no explanation in that video. He made a serious of claims and a number of false statements."
DeletePlease point out the false statements. If you do not, then you are nothing but a liar.
"Defaulting on the debt does not force a balance budget. It creates law suits for breach of contract."
Please elaborate with examples/proof.
"If you're a gold bug, you don't want default since default would drive up the real interest rate which would drive down the price of gold. Gold is driven by the real interest rate."
Prove it.
"It's no coincidence that just about everyone who says "default is no big deal" also believes in creationism."
Non-sequitur.
You're just a worthless, hit-and-run troll.
Idiots think the state is some kind of god.
DeleteAlmost everyone of Jerry's comments have a line in them that describe him to a tee. "He made a serious [sic] of claims and a number of false statements." BINGO! The last line is also an example. He believes all kinds of fallacies, so he sees creationists every where he looks. Or maybe he is Lenny Bruce reincarnate and he just wants to get a rise out of us. Brilliant!
ReplyDelete