• Madison320's Avatar
    06-24-2016, 09:28 AM
    I think the Brexit is a non event for US stocks. My guess is stocks will rebound when everyone realizes this means the Fed has another excuse not to raise rates. In my opinion the Big Event is going to be a reversal from the Fed. Lowering rates and more QE.
    670 replies | 29064 view(s)
  • Madison320's Avatar
    06-20-2016, 01:47 PM
    It's already started. I've already seen articles blaming Trump (and capitalism) for the coming recession and neither has happened yet! "Donald Trump’s economic plan could cause a recession" https://finance.yahoo.com/news/trump-economic-plan-cause-recession-000000449.html I'm still rooting for Hillary!
    48 replies | 1228 view(s)
  • Madison320's Avatar
    06-19-2016, 04:35 PM
    ??? You're getting weird. Next time I'll try to cut and paste to avoid offending you. So the author of a book that was copied could make a citizen's arrest of the copier. And the concerned citizens could find the copier guilty and force him into a jail cell. Therefore there's nothing inherent in a anarchist society that would prevent it from prosecuting copyright violations.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-19-2016, 04:26 PM
    Don't get carried away. Copyright laws are one thing. Having the government "encourage" development is totally different and actually discourages innovation.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-19-2016, 08:29 AM
    You can "endorse" non aggression but that won't stop it. People will still kill and steal. How do "the peoples" bring justice to acts of theft and violence and who defines theft and violence? Just because YOU claim copying is not theft doesn't make it so.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-18-2016, 11:42 AM
    If the dollar crashes hard I think there's a good chance that people are not going to want any type of fiat currency, especially a newly formed one. They're going to want a hard currency like silver or gold. Governments on the other hand love fiat money so you may be right and they may try to force it down our throats. But history has shown that governments are usually unsuccessful at forcing citizens to use fiat money when they don't want it.
    47 replies | 1154 view(s)
  • Madison320's Avatar
    06-17-2016, 04:36 PM
    What if the whole world decided to go IP anarchy? Then you wouldn't be able to steal inventions from other countries because they'd never get invented in the first place. Also I asked a question previously and I'm very curious about your answer: Who decides in your anarchist society that murder is wrong but copying is ok? And why can't copying "not be ok"? Suppose you had 2 perfect anarchist societies. Couldn't you have one that allowed unlimited copying and one that didn't? Wouldn't the one that protected intellectual property have a higher standard of living since all the top engineers would want to live there? Why would you want to "hope" that you can copy some inventions from the other society when you could just have the inventors live in your society?
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-17-2016, 02:18 PM
    I agree. I just think the plaintiff should show harm. I think it's too easy to just claim you should get some of the profits of the defendant.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-17-2016, 02:16 PM
    Who decides in your anarchist society that murder is wrong but copying is ok? And why can't copying "not be ok"? Suppose you had 2 perfect anarchist societies. Couldn't you have one that allowed unlimited copying and one that didn't? Wouldn't the one that protecting intellectual property have a higher standard of living since all the top engineers would want to live there? Why would you want to "hope" that you can copy some inventions from the other society when you could just have the inventors live in your society?
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-17-2016, 12:19 PM
    If there's anyone left smart enough to copy it. All your top engineers and scientists will be gone. I'm assuming in your anarchist society that you have a mechanism to deal with murder, correct? Why couldn't the same mechanism be used for copyright laws?
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-17-2016, 06:16 AM
    If I'm an artist or an inventor, I'm moving out of your country and into one that has copyright laws. You get rid of copyright laws and you'll have a huge brain drain. Government is force and force is not going away, get used to it.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-16-2016, 01:44 PM
    Led Zeppelin is being sued for supposedly copying the beginning to Stairway to Heaven. The band Spirit wants a certain percentage of the millions the song has made over the years. I have a question about copyright laws. Shouldn't you have to show harm in a copyright case? I don't think it's enough to show you copied a piece of the song, you should have to show that your "copying" actually harmed the victim. If you copied a book, word for word and started selling it, you'd be directly stealing sales away from the true author. That would be actual harm. In this case I don't see how it cost Spirit any money, if anything it may have boosted their sales from the publicity.
    58 replies | 996 view(s)
  • Madison320's Avatar
    06-10-2016, 05:35 PM
    I agree that ultimately the Fed will try to save the dollar, since they're basically out of business if that happens. But I think you are VASTLY underestimating the amount of pain that is going to be required to save the dollar. Banks will have to fail, the US will have to at least partially default on it's debt, and the economy will lapse into a depression. That's the unavoidable consequences of borrowing 20 trillion dollars (10T over the last 8 years), printing 3.5 trillion and keeping rates at 0% for 8 years. Like I said, I think in the end the Fed will act to save the dollar but not before the dollar loses a lot of it's value. They can't tweak and adjust their way out of this.
    47 replies | 1154 view(s)
  • Madison320's Avatar
    06-09-2016, 10:23 AM
    I agree, although I think it's going to get much worse when we can no longer borrow and print due to a debt crisis/dollar crash.
    8 replies | 440 view(s)
  • Madison320's Avatar
    06-08-2016, 01:46 PM
    I didn't say "Lowest funds rate ever" I said "when the recession hits". Your chart shows 9 recessions, with "starting rates" of about 3, 3.5, 9, 11, 13, 19, 8, 6, 5. That's an average starting rate of 8.6%!!! We'll be lucky to get above 1% when the next recession hits! Thanks for the chart, I knew it was bad but I didn't realize it was THAT bad.
    8 replies | 440 view(s)
  • Madison320's Avatar
    06-08-2016, 12:24 PM
    When the next "official" recession hits, is there any doubt it will happen at the "lowest starting point" ever? What I mean by lowest starting point is that the Fed Funds rate will probably be under 1%, the debt will be the highest ever, the trade and budget deficits, near historical highs. What I'm saying is that even in the best case scenario, we're going to be in recession at our weakest economical point in history. Can anyone argue that? Zippy?
    8 replies | 440 view(s)
  • Madison320's Avatar
    06-08-2016, 12:15 PM
    I think we should be consistent. The jobs created stat, whether good or bad, is not a good indicator of the state of the economy. Most everyone here will trash the jobs created stat when it's good, but we should be consistent and ignore the bad numbers also. That being said, if you look at all the other data, it's been slowly sinking for the last year and a half or so. Just about the same time frame when they ended QE3 and started talking about raising rates. I don't think it's a coincidence.
    5 replies | 520 view(s)
  • Madison320's Avatar
    06-06-2016, 04:31 PM
    It's not going to happen or get talked about until there's a debt crisis. I'm not sure I understand the income level aspect, if you're retired your income is zero, except for investment income.
    25 replies | 683 view(s)
  • Madison320's Avatar
    06-06-2016, 09:21 AM
    I'm afraid they're going to means test it based on net worth. Anyone with over 500K in their retirement account gets nothing.
    25 replies | 683 view(s)
  • Madison320's Avatar
    06-04-2016, 06:01 PM
    I just thought of a reason they might not try it. If they tried to means test SS, people would start unloading any type of "trackable" assets like their 401K which would crash the markets and no politician wants to be responsible for that.
    25 replies | 683 view(s)
  • Madison320's Avatar
    06-04-2016, 03:19 PM
    One of my big fears is that when the US govt finally runs out of other people's money, one of the cuts is going to be by means testing SS. I don't have a problem with them cutting SS, either by reducing the benefits across the board, or raising the age, but means testing would piss me off. I'm one of the few who has a good job but drives a little economy car, lives in a little house, basically lives cheap (I still have a flip phone!) so that I can save for retirement. It would really suck if the govt decides to steal my retirement and give it to all the irresponsible people who live in a McMansion, drive a 30K car, have a 60" tv and take luxury vacations every year. The problem is that I think I'm in a small minority and you know how that goes.
    25 replies | 683 view(s)
  • Madison320's Avatar
    06-03-2016, 02:55 PM
    No it's not. That's why I want to solve the real cause of criminal behavior, which is socialism not illegal immigration. If we want to fix the problem we need to go back to capitalism not build walls and create a massive govt program that tries to deport all illegals. The idea that if we suddenly had no illegal immigrants, that our problems would be solved, is a joke. More than likely they'd get worse. How are they going to find all the illegals, conduct house to house searches, "Are your paper in order?" So, would random house searches for illegals be OK with you?
    58 replies | 1230 view(s)
  • Madison320's Avatar
    06-02-2016, 02:55 PM
    From an economic standpoint, in the short run, illegal immigration is a positive for the economy. They tend to work for less and don't use as much government assistance as a legal citizen. My only problem with illegal immigrants is that they tend to support socialism. How about if we automatically grant citizenship to anyone who will sign a document that they will never use US government aid in their lifetime?
    58 replies | 1230 view(s)
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