• NorthCarolinaLiberty's Avatar
    Today, 02:01 AM
    Ah, the beginning of spring training. And, going back many years ago a game was played in the desert.
    9 replies | 288 view(s)
  • NorthCarolinaLiberty's Avatar
    24 replies | 346 view(s)
  • Madison320's Avatar
    Yesterday, 02:22 PM
    How about a free market solution? This should be the poster child for privatizing the school system.
    137 replies | 1542 view(s)
  • Madison320's Avatar
    Yesterday, 02:02 PM
    Peter Schiff thinks the ECB will have to stop printing when inflation gets above 2% because the Germans won't allow it. But yeah, it could be the cleanest dirty shirt thing that is helping the dollar. But theoretically if everyone hyperinflated their currency the dollar index would remain unchanged. So eventually physics has to catch up. I'm sure you've heard the "ink in a tub of water" anology regarding inflation. Maybe the ink landed on the stock market and now it's moving into the rest of the economy. If that's true, then stocks will go down and general prices will go up.
    43 replies | 814 view(s)
  • Madison320's Avatar
    Yesterday, 11:27 AM
    I agree. My argument has always been that the sheer size of the increase of the monetary base (like 500% or so) will eventually be seen in prices because there's no other variables big enough to offset that increase. Just because we haven't seen a proportional increase in prices yet doesn't make me dismiss the law of supply and demand. In addition to what's already been printed, I also expect QE4. I think another factor keeping prices down is that most people think the Fed is still on a tightening cycle.
    43 replies | 814 view(s)
  • Madison320's Avatar
    Yesterday, 10:18 AM
    I agree although I remember awhile back that you thought printed money doesn't cause price inflation, but it causes bubbles and imbalances.
    43 replies | 814 view(s)
  • Madison320's Avatar
    Yesterday, 10:16 AM
    I agree that one reason we haven't seen price inflation is that the Fed is paying the banks to sit on the money they printed. But they can't do that forever. We haven't seen inflation yet in commodities but we've seen tons of it in the markets, unless you think the stock market boom since 2009 is natural. All things being equal, prices have to rise in proportion to the amount of money being printed.
    43 replies | 814 view(s)
  • Madison320's Avatar
    02-22-2018, 01:59 PM
    It took you a whole hour and 48 minutes to respond to a Peter Schiff post. Slacker!
    43 replies | 814 view(s)
  • Madison320's Avatar
    02-22-2018, 01:04 PM
    That's what I was thinking. If so it would make his complaints about Peter Schiff kinda weird. Peter Schiff is the original Krugminator.
    43 replies | 814 view(s)
  • Madison320's Avatar
    02-22-2018, 11:03 AM
    I agree. I think there's two big differences between predicting a dollar collapse and a recession. The first is that we've never really had a major dollar collapse. The second is that the dollar won't come back from a collapse, it's permanent. For example if we get a recession and stocks go down, eventually they'll go back up. It's cyclical. But if we get a dollar collapse, it's not cyclical, it's a permanent loss of purchasing power. Schiff is predicting a dollar collapse. Anyone can predict a recession. Actually it's the next recession that is probably going to cause the dollar to collapse unless the Fed can get away with more rounds of QE without crashing the dollar. Also Schiff's theories are almost identical to Ron Paul's.
    43 replies | 814 view(s)
  • Madison320's Avatar
    02-22-2018, 10:25 AM
    What does "Krugminator2" mean?
    43 replies | 814 view(s)
  • NorthCarolinaLiberty's Avatar
    02-21-2018, 03:51 PM
    Anybody ever try to measure this and check for accuracy?:
    8 replies | 197 view(s)
  • NorthCarolinaLiberty's Avatar
    02-21-2018, 03:30 PM
    I see this mostly happening in Europe, but do see an encouraging US story every once in awhile. A publication called https://www.thenewspaper.com collects the stories. These are incidents from January & February 2018 (so far): France: Anti-Camera Protests Grow, Speed Cameras Disabled ...vigilantes in France use duct tape and paint to stop automated ticketing. Vigilantes burned, blew up and painted speed cameras in Saudi Arabia, France and Italy last week France, Italy: Speed Cameras Destroyed In Protest
    15 replies | 218 view(s)
  • Madison320's Avatar
    02-21-2018, 02:18 PM
    Madison320 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    We might hit 3% today on the 10Y.
    3024 replies | 374216 view(s)
  • Madison320's Avatar
    02-21-2018, 01:43 PM
    Liberty and capitalism reward good behavior. Tyranny and socialism reward bad behavior. We used to have much more liberty and capitalism and less shootings. Now we have more tyranny and socialism and more shootings. Coincidence?
    25 replies | 462 view(s)
  • Madison320's Avatar
    02-21-2018, 10:35 AM
    Madison320 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    There's supposedly record amounts of treasury auctions this week plus we're about to top 21 trillion in total debt. I think the 10Y could easily top 3% this week.
    3024 replies | 374216 view(s)
  • Madison320's Avatar
    02-21-2018, 09:24 AM
    But the "parasites" are far more likely to vote for bigger government than the "hosts".
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-21-2018, 09:22 AM
    Exactly. It's such an obvious, massive flaw in the system I'm surprised more people don't complain about it here. We've got 21 trillion in debt to prove it. I started a thread a while ago about how to fix South Africa. I think the situation in South Africa is the perfect example of democracy on steroids. It took the US about 200 years to go from a capitalist based system to a socialist one. South Africa has done it in about 20 years. From what I remember you were the only one that agreed with me that a constitution along with some sort of "taxpayer only voting system" was the best chance to fix South Africa. Everyone else had some sort of racial solution. Either make the whites leave or make the blacks leave. I thought was pretty lame for a libertarian forum.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-21-2018, 09:09 AM
    Yup. That's why there's no such thing as anarchy. "bigger guns" = "authority = "government"
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-21-2018, 09:06 AM
    I totally disagree. That makes no sense. Suppose John Smith is making 2 million a year and paying a million a year in taxes. There's 2 politicians running for office. One who promises to increases taxes and welfare and one promises to reduce taxes and welfare. Are you telling me John Smith is going to vote for the politician who is going to raise taxes and welfare in the hope that somehow John Smith is going to quit his job and get free benefits? No. John Smith is going to vote for the guy who will reduce government and his taxes.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-21-2018, 08:59 AM
    I totally agree that there is no such thing as a "right" to vote. Voting has to be created by government, you don't just "have" it. It's a means to and end, and the end is good government. Or the least bad for you anarchists out there. I don't know the best way to implement this. If you went with a "net taxpayer" system you'd have to have an income tax to keep track of how much everyone was paying. Lately I've been thinking it might be easier to just focus on the welfare side. If you volunteer to take welfare you can't vote. That way you can just refuse to take the stolen goods and get your voting privileges back.
    29 replies | 420 view(s)
  • lilymc's Avatar
    02-21-2018, 01:03 AM
    What's interesting to me is how easily the public is conditioned/brainwashed. It wasn't even that many years ago that pretty much everyone agreed that transgenderism is a disorder… and now it's being "celebrated." And if you don't agree with that, then you're the bad guy. It reminds me who the temporary ruler of this world is. (John 12:31)
    62 replies | 769 view(s)
  • Madison320's Avatar
    02-20-2018, 04:00 PM
    Yes. I'd argue that anyone working for the government is also receiving stolen goods.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-20-2018, 03:58 PM
    I agree, this is more of a theoretical, moral argument. Politicians love unlimited democracy, it lets them play Santa Claus. The only possible chance we have of becoming a republic is after we go bankrupt.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-20-2018, 03:24 PM
    They still allow people on welfare to vote and they are receiving stolen goods.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-20-2018, 03:24 PM
    I would even ban those that work for the government from voting. Otherwise you'd be creating a big loophole. All forms of welfare could easily be made to appear as a job. I work for a private company on a defense contract and I'd happily give up my voting privilege. I like the "net taxpayer" idea, but it might be hard to implement, especially if you don't have an income tax. You wouldn't be able to keep track of how much you were paying is we had a sales tax for example.
    29 replies | 420 view(s)
  • Madison320's Avatar
    02-20-2018, 02:55 PM
    I've thought for a long time that the main problem with most countries is the "one man-one vote" principle. I think this is why most countries move towards socialism until they go bankrupt. The founding fathers warned about this and that's why they wanted us to be a republic, not a democracy. I think it's morally flawed to allow parasites to have the same voting power as the hosts they steal from. If you disagree I have a few questions. Do you feel that criminals should be allowed to vote? If not why should those who knowingly receive stolen goods be allowed to vote? Why do you feel a democracy is superior to a republic? I'm sure you've all heard of the analogy of two wolves and a sheep voting for what's for dinner. But I've never heard a solution to that analogy. Why should the wolves be allowed to choose to slaughter the sheep? What I'm suggesting is completely voluntary. If you want stolen goods, you can't vote. If you want to vote, don't take stolen goods.
    29 replies | 420 view(s)
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