• Zippyjuan's Avatar
    Today, 02:09 AM
    https://www.businessforhome.org/2017/12/stemtech-into-bankruptcy/ Update: http://behindmlm.com/companies/stemtech-chapter-11-bankruptcy-now-a-chapter-7-liquidation/ Good luck with things! I certainly would not send them any money for anything.
    23 replies | 360 view(s)
  • Zippyjuan's Avatar
    Today, 01:27 AM
    The website seems to hide their prices pretty well. That is a red flag. You can get a whole pound of bulk blue green algae (which is what Aphanizomenon flos-aquae is) from Walmart for $20. https://www.walmart.com/ip/NuSci-Spirulina-Powder-500g-1-1lb-Bulk-Pure-Fresh/155494113?wmlspartner=wlpa&selectedSellerId=13302&adid=22222222227100778041&wl0=&wl1=g&wl2=c&wl3=233922187805&wl4=pla-385795192001&wl5=9061184&wl6=&wl7=&wl8=&wl9=pla&wl10=117889304&wl11=online&wl12=155494113&wl13=&veh=sem A multi level marketing selling program. http://behindmlm.com/mlm-reviews/cerule-review-algaceutical-products-with-autoship-recruitment-focus/
    23 replies | 360 view(s)
  • Zippyjuan's Avatar
    Today, 01:07 AM
    Russia defaulted on their debt in 1998. Iceland in 2008. Greece in 2012. Mexico in 1994. What assets were seized by creditors in those events?
    9 replies | 182 view(s)
  • Zippyjuan's Avatar
    Today, 12:29 AM
    In Sight Dead Kennedys Who's that kid in the back of the room Who's that kid in the back of the room He's setting all his papers on fire He's setting all his papers on fire Where did he get that crazy smile
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Today, 12:22 AM
    So if I buy a US Treasury I can trade it in on people? If the government ever defaults on Treasuries, you get squat. You can't say "I want that statue from the Smithsonian instead!" Not like a car loan is backed by the value of your car and they can take that if you fail to make payments. If the government decides to stop paying on their borrowing (Treasuries) and you own one or more, you get.... nothing. It is unsecured debt. Your car loan was secured- the government debt is not. You are kind of right- their value is based on their ability to tax but the are not backed by anything beyond the word of the government.
    9 replies | 182 view(s)
  • Zippyjuan's Avatar
    Yesterday, 11:38 PM
    I can't disagree with that. Some just want to be recognized or famous so they copy other shooters who got attention. Here is a sample:
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 11:32 PM
    If a family of four has one wage earner and they have say employer covered insurance, then that is four people (not just one) not paying health insurance premiums. Employer coverage may not necessarily be 100% of premiums- that was an example- but the employer is still picking up a considerable portion of that amount. I have employer coverage and only pay $20 a month towards my premiums. So as far as the CPI is concerned, my health insurance costs are $120 a year. All those government programs and employer plans greatly lower the costs for the average person's insurance costs. If one pays $100, one pays zero, one pays $200 and one pays $5000, the average expense is $1325. The more people you have paying little to no insurance premium costs, the lower the average expenses for insurance premiums are for the entire population. Employer plans, CHIP, Medicare, Medicaid, uninsured.
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 11:21 PM
    Like America in Afghanistan and Iran, Russia has been "in the process" of leaving for several years now. Peace is right around the corner. Or maybe the next corner. Every year he says he is withdrawing his troops from Syria. More of their "drawdown" from just a few days ago: http://tass.com/defense/1004567
    6 replies | 139 view(s)
  • Zippyjuan's Avatar
    Yesterday, 11:01 PM
    Did you see the other list? https://www.k12academics.com/school-shootings/history-school-shootings-united-states They count 17 in the 1950's and eleven in the 1960's.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 10:56 PM
    If your employer is covering 100% of your health insurance premiums, your costs are zero. If you are under Medicaid and don't pay any insurance premiums, your out of pocket insurance costs are zero. If one family is paying for example $5000 a year and the other two are paying zero, then the average person is paying $1600- not $5000. The portion of your insurance costs paid by somebody else are not counted as part of your (the average person's) expenses. CPI attempts to calculate what the average person actually pays out of their own pockets. Most people have somebody else paying most if not all of their insurance costs (actually they are paying too- it is in the form of lower wages in the case of employer paid insurance or higher taxes in the case of government funded/ subsidized insurance premiums). The figure is not based on what average premiums are since it has to account for people who have no premiums as well. Out of 325 million in the US, 53 million have Medicare. 155 million get insurance through their employer. 27 million have no insurance. 57 million get theirs through Medicaid or CHIP. Ten million were on Obamacare but got subsidies. All those people were paying little to no money out of their own pockets or at least below average for their medical insurance. Those add up to 300 million people or 90% of the population.
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 09:45 PM
    Thank you for the link. That is what they say. Also keep in mind that this is the average person direct costs. If your insurance is from your employer, only your out of pocket counts towards the CPI insurance costs. If you are covered by the VA or Medicare, again, only the portion of that insurance you are paying is counted. Not everybody is paying $5000 a year themselves for their insurance. https://en.wikipedia.org/wiki/Health_insurance_coverage_in_the_United_States
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 09:20 PM
    http://money.cnn.com/2018/05/17/news/economy/china-us-trade-talks/index.html
    9 replies | 182 view(s)
  • Zippyjuan's Avatar
    Yesterday, 08:59 PM
    US Treasuries are not backed by anything but dollars. There is no collateral behind them. They can't demand anything else (oil, gold, etc) for them though they could sell their Treasuries (lowering the value of them) and use that money to buy those things if they wanted to.
    9 replies | 182 view(s)
  • Zippyjuan's Avatar
    Yesterday, 08:52 PM
    Turkey's currency sucks. Even Turks keep most of their money outside their own currency plus they have double digit inflation. He is trying to prop it up (but won't do gold backed currency). He did suggest the IMF demand that all their loans be repaid in gold. Turkey has 582 tonnes which at $1300 an ounce would be worth about $24 billion- of that, about 28 tonnes were stored in the US. For comparison, the US has over 8,000 tonnes. Their annual trade deficit is $77 billion or three times their gold reserves. https://www.forbes.com/sites/stevehanke/2017/12/03/how-gold-would-fix-turkeys-achilles-heel-the-lira/#a374b3f2cb21 One tonne (metric ton) of gold- Turkey had 28 times this in New York:
    12 replies | 190 view(s)
  • Zippyjuan's Avatar
    Yesterday, 06:50 PM
    I would not trust conservatives to do it either.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 06:47 PM
    They are not allowed to do that. They must retain a fraction of deposits in reserve- hence the term "fractional reserve banking". Note in this chart that loans (red) only rarely are greater than deposits (blue).
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 06:20 PM
    Numbers of shootings per year (per 100 million people to account for population changes): Victims per year (per 100 million people- includes injuries along with deaths)
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 06:13 PM
    Actually violence goes back a long ways. Even to the 1800's in this country. https://www.k12academics.com/school-shootings/history-school-shootings-united-states Modern weapons just make it easier to kill larger numbers at one time.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 06:04 PM
    Fist fights expanded to use knives and then to hand guns. Each level let you stay farther away from the victim. An arms race. If he is going to hit you, you need a knife to protect yourself. If he is going to have a knife, you need a gun. If he has a pistol, you want a better gun. In China or Japan they are more likely to use knives because the don't have many guns. There also used to be sanitariums you could send off people to if you thought they were crazy. Now you just give them pills. There isn't an easy answer. More guns won't help. Banning guns won't help. Can't lock everybody up for what they might do.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 05:40 PM
    I guess he took them from his father (or perhaps his father gave them to him). https://www.khou.com/article/news/crime/santa-fe-shooting-suspect-targeted-people-he-didnt-like-officer-says/285-553862431 Should we restrict guns for people seen as mentally unstable? Background checks prior to sales perhaps? Maybe get the kid on some meds or into some treatment before he hurts somebody? Should everybody be monitored?
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 05:25 PM
    Lots of questions without answering mine. I was trying to stick with the points you raised. Now you are changing them again. The Congress determines welfare (assuming you mean things like food stamps types of welfare and not just general well- being of people). They write the spending and tax laws. That happens no matter what you have for money or banking. Same as above. You can have debt under any money or banking system. But lenders do take on risk. The risk you don't pay them back. That is why they ask for interest. Both for a profit for the service they provide as well as to pay for those who do not pay off their loans. Riskier borrowers are charged higher interest due to their higher risks of not paying the money back.
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 05:18 PM
    Any links to him being on meds? His attorney says there were none. https://www.ksat.com/news/texas/reports-of-active-shooter-at-houston-area-high-school
    116 replies | 1751 view(s)
  • DamianTV's Avatar
    Yesterday, 05:17 PM
    Since you insist on keeping the topic derailed, how about you answer how Govt continues to print money, Banks print money, and how that all relates to Welfare? Does not printing money steal value from the existing money supply which causes the people to become more poor and thus dependent and controllable on those who print the money? Is that not a form of Enslavement? Work for nothing to pay your debts to lenders who have taken no actual risk, and put the consequences of money printing and fractional reserve lending on those who are not afforded the same ability?
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 05:14 PM
    https://www.usatoday.com/story/news/2018/05/20/texas-school-shooting-suspect-targeted-teen-who-rejected-him-mom-says/626861002/ No indications latest shooter was on any meds.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 04:53 PM
    What is "fractional reserve lending" and how is it different from other forms of lending? What is it about lending or what particular forms of it are you against?
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 04:52 PM
    Most mass shootings happen where there are large numbers of people. There are hundreds of thousands of "gun free zones" where there has not been a mass shooting. https://www.motherjones.com/politics/2015/05/james-holmes-diary-aurora-gun-free-zones-debunked/ More including copies of his notes at link.
    116 replies | 1751 view(s)
  • DamianTV's Avatar
    Yesterday, 04:05 PM
    Way to derail the thread.
    50 replies | 785 view(s)
  • Zippyjuan's Avatar
    Yesterday, 03:09 PM
    They still do.
    116 replies | 1751 view(s)
  • Zippyjuan's Avatar
    Yesterday, 03:04 PM
    What is "fractional reserve lending" and how does it differ from other forms of lending? Are you talking about banks borrowing from the Central Bank (Federal Reserve in the US) or anybody borrowing from any bank? Are you saying banks should not make any loans? Can people loan money to banks (make deposits)? Should all deposits be kept in cash and under lock and key and not one penny let out (a 100% reserve banking system)? Trying to clarify what we are discussing. Fractional Reserve Banking is a system where a bank must keep at least some fraction of deposits in reserve and not loan out that money. Alternative systems would be zero reserve banking (where they can loan out 100%) or Full Reserve banking where banks are not allowed to loan out any deposits. Zero reserve would be the freest form and 100% the most interference in a free market. You can have fractional reserve banking with a gold standard if you want and with or without a Central Bank. Not being able to borrow money will considerably slow your economic growth. Companies will have a hard time expanding without access to credit.
    50 replies | 785 view(s)
  • DamianTV's Avatar
    Yesterday, 03:02 PM
    What you are saying is that Lending is impossible without either the Federal Reserve or Fractional Reserve Lending. People can borrow just fine from other people, loaning what they have, not what they create out of thin air and backed by nothing but the borrowers promise to pay. Your response, as usual, is what Hitler would have called a Loaded Question, and very -REP worthy. --- Seriously, why are you still here? A normal human being would have left a very long time ago, or at least stopped trying to post anything related to Economics, which is exactly where most of the -REPs I have given you come from, as well as MANY others.
    50 replies | 785 view(s)
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