tag:blogger.com,1999:blog-3758330678390419129.post7950553880861169142..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Denninger Attacks WenzelRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-3758330678390419129.post-76080225424503947632012-01-03T08:12:04.289-05:002012-01-03T08:12:04.289-05:00Those who are making the personal attacks against ...Those who are making the personal attacks against Denninger are the usual cast of characters from the suckerforum site. Everyone else seems capable of a rational discussion.ObamatalaNeedsMedshttp://sferscorner.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58554987017596319202011-12-20T12:48:32.626-05:002011-12-20T12:48:32.626-05:00KD=PhotoguyKD=PhotoguyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27773701026972096712011-12-20T12:43:11.696-05:002011-12-20T12:43:11.696-05:00"a note is simply a written instrument eviden..."a note is simply a written instrument evidencing a promise to pay a "debt."<br /><br />This is not true in the case of a fiat currency as there is no underlying other than common acceptance and faith that the issuer will regulate quantity as an assured medium of exchange.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44985145303264446342011-12-20T12:10:48.086-05:002011-12-20T12:10:48.086-05:00Quote: "When I was in law school they taught ...Quote: "When I was in law school they taught us that a "note" is simply a written instrument evidencing a promise to pay a "debt". No debts, no notes."<br /><br />Did your kind old law professor bother to tell you that there 23 other definitions of the word "note", when used as a noun? Here's one directly from the dictionary, obviously the one to which Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20020336966151323082011-12-20T11:07:52.479-05:002011-12-20T11:07:52.479-05:00"He wants the government to stop going into &..."He wants the government to stop going into "debt", but he wants it to issue "U.S. Notes" to retire the current Federal Reserve Notes. When I was in law school they taught us that a "note" is simply a written instrument evidencing a promise to pay a "debt"."<br /><br />Anon@1:37, that is the point I was trying to make. My understanding is that Red Phillipshttp://conservativetimes.orgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48354891120813861592011-12-20T09:36:19.492-05:002011-12-20T09:36:19.492-05:00I had a run in with KD myself after making the mis...I had a run in with KD myself after making the mistake of posting on his forum. He's a smart, funny writer, but he has blind spots you could drive a truck through. For instance, he flatly denied that fractional reserve lending by banks created credit out of thin air for YEARS despite the evidence being right in front of him. No surprise to me he's on the wrong side of the monetary reform Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82372952535280505562011-12-20T05:28:58.315-05:002011-12-20T05:28:58.315-05:00Unfortunately after record high numbers of people ...Unfortunately after record high numbers of people in public office in 2006 the LP got taken over by right-wing fruitcakes who struck back. The last Libertarians are barely hanging on and trying to re-group. This guy is Aristotle compared to most of their candidates now. 80% of the members and people in public office have left or been purged. All but one of the presidential candidates want to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24845393051516618272011-12-20T01:37:50.190-05:002011-12-20T01:37:50.190-05:00Mr.Denninger seems to lack a basic grasp of the vo...Mr.Denninger seems to lack a basic grasp of the vocabulary of money. He wants the government to stop going into "debt", but he wants it to issue "U.S. Notes" to retire the current Federal Reserve Notes. When I was in law school they taught us that a "note" is simply a written instrument evidencing a promise to pay a "debt". No debts, no notes. The Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87751732086191726302011-12-20T00:20:30.535-05:002011-12-20T00:20:30.535-05:00While I’m sure I agree more with the “gold bugs” t...While I’m sure I agree more with the “gold bugs” than the Greenbackers, it seems to me that the Greenbacker distinction between fiat Treasury notes and Federal Reserve debt instrument banknotes is a real one. While both are inflationary, at least every fiat Treasury note wouldn’t grease the palms of the banksters who launder them into the system. This is an important rhetorical/conceptual point Red Phillipshttp://conservativetimes.orgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53235141180403226932011-12-19T23:22:51.436-05:002011-12-19T23:22:51.436-05:00It's interesting that you can spend so much ti...It's interesting that you can spend so much time writing about this without bothering to spend half as much time to understand what you are writing about, Wenzel.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61438006513865446992011-12-19T18:49:09.212-05:002011-12-19T18:49:09.212-05:00You should try checking out his yearly predictions...You should try checking out his yearly predictions. For 2010 he made 17 predictions on subjects he himself chose and at the end of the year his score, which he tabulated himself, was 8.5 out of 17. Had he not been ridiculously generous with himself, it would have been 7 out of 17. <br /><br />Plus, he's a jackass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70116856750193933462011-12-19T18:34:10.188-05:002011-12-19T18:34:10.188-05:00Greenbackers love big government. They don't ...Greenbackers love big government. They don't see anything morally wrong with the government confiscating wealth through inflation. They also don't realize they live in a Fascist country and the bankers buy the politicians anyway. I got some good information from Bill Still and Ellen Brown early on, but later I realized they're Socialists.Deftnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49258349359315103172011-12-19T18:21:55.425-05:002011-12-19T18:21:55.425-05:00I generally support Wenzel over Denninger. Howeve...I generally support Wenzel over Denninger. However, a historical error seems to have crept into this discussion. Some contend that issuing bills of credit by the federal government is unconstitutional. In the timeframe of the constitution, the power to borrow money on the credit of the United States would seem to require issuing a promissory note (bill of credit). During that time, the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16510269372856503482011-12-19T18:13:57.099-05:002011-12-19T18:13:57.099-05:00Karl used to be insightful, especially over '0...Karl used to be insightful, especially over '07-'08, but he is too painful -- unhinged, almost, and wrong on trade, gold, 9/11, Muslims, etc. -- to read now.<br /><br />But, he is right on -- and did a fine technical analysis of -- Obama's birth certificate.<br /><br />Karl, take a nice, long break over Christmas, and regain your bearings, man.John G.https://www.blogger.com/profile/09127952173210718830noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26113339025433390282011-12-19T17:28:22.057-05:002011-12-19T17:28:22.057-05:00The criticism of Denninger's ego and behavior ...The criticism of Denninger's ego and behavior is justified, but I'd like to give him credit for "doing the math" and showing people the magnitude of the debt crisis with clear charts, clear arguments, and posts that laymen can understand.<br /><br />Denninger is a kind of mad genius when it comes to analyzing numbers and explaining trends, but this stuff about printing money is Michael Duffhttps://www.blogger.com/profile/15831829415507055437noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52540498553524727272011-12-19T17:10:45.349-05:002011-12-19T17:10:45.349-05:00At least with the federal reserve system the money...At least with the federal reserve system the money theoretically has to be paid back, and that can keep some of the inflation in check. This plan by Still and Denninger doesn't even have that mitigating factor.Matt@Occidentalism.orghttps://www.blogger.com/profile/02395220402283030311noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36825546256372128522011-12-19T16:12:39.798-05:002011-12-19T16:12:39.798-05:00Inter-webs battle 100000.21
Reading Denniger is li...Inter-webs battle 100000.21<br />Reading Denniger is like hanging at the monkey cages watching them slinging poo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-62541743658758934782011-12-19T14:50:12.799-05:002011-12-19T14:50:12.799-05:00Karl Denninger Angered, Bans Everyone
http://rand...Karl Denninger Angered, Bans Everyone<br /><br />http://randomlyspecific.com/?p=70Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71207084538976730452011-12-19T14:42:13.186-05:002011-12-19T14:42:13.186-05:00As Tom Woods has said, "incapable of manners ...As Tom Woods has said, "incapable of manners or courtesy," and that's putting it very nicely. The guy is an a**hole, period. He's got an unnatural urge to lock up everyone who doesn't conform to his worldview. Yeah, Karl, let's strengthen the SEC and increase financial regulations, that'll fix our problems. That, and he says the same stuff over and over again in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35781391154287379332011-12-19T14:39:05.076-05:002011-12-19T14:39:05.076-05:00Hey Karl, Loved all of your calls on Gold. Also, w...Hey Karl, Loved all of your calls on Gold. Also, why do you so enjoy the mindless shills holding your nuts so lovingly at your blog? It's a bit creepy.<br /><br />You have severe control issues, hence all of your references to the anus. I bet you had a very controlling mother.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83436501813113864932011-12-19T14:20:50.704-05:002011-12-19T14:20:50.704-05:00Karl made a clownsuit bet with Krugman about when ...Karl made a clownsuit bet with Krugman about when the last recession ended. Krugman won the bet, yet Karl is so untrustworthy, he refuses to wear his clownsuit on Youtube, and bans any mention of this on his forum.<br /><br />http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3914135&mesg_id=3914163<br /><br />http://www.reuters.com/article/2010/Denningersacrificedmychickenhttp://karldenninger.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41510242757904281422011-12-19T14:06:31.723-05:002011-12-19T14:06:31.723-05:00Denninger isn't to be messed with unless your ...Denninger isn't to be messed with unless your completely on top of your brief. Krugman's like a small child compared to him..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79860533791569362192011-12-19T13:52:08.228-05:002011-12-19T13:52:08.228-05:00Denninger is incapable of manners or courtesy.
An...Denninger is incapable of manners or courtesy.<br /><br />And he's dead wrong about the Constitution and money, as is Still, who thinks the power to "regulate" money means the power to increase its quantity. No, the power to regulate money was placed in the "weights and measures" clause because that's what "regulating" money meant. Silver dollar coins were Tom Woodshttp://www.tomwoods.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-114303899936088862011-12-19T13:48:02.171-05:002011-12-19T13:48:02.171-05:00Bill Still for president?! Bwaaaahahahahaha!!!!
T...Bill Still for president?! Bwaaaahahahahaha!!!!<br /><br />That being said, there isn't anything the LP could at this point that would surprise me.Cletus IIInoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82896202461224992232011-12-19T13:44:56.447-05:002011-12-19T13:44:56.447-05:00This is nothing more then a hidden tax scheme wher...This is nothing more then a hidden tax scheme where deficits would be paid for with deprecating currency values. The compounding effect by year 5 or 6 of such a system would make for Zimbabwe style inflation. Forgetting the idea of paying off the debt at all and assuming that deficit spending remained constant in real terms, his system would grow the base money supply to $13T in year 5 and 18T inAnonymousnoreply@blogger.com