• Krugminator2's Avatar
    01-20-2019, 11:57 PM
    They wouldn't last as long. That is true. They would however be MUCH more severe. Nobody disagrees with that. Depressions were much steeper before the Fed.
    48 replies | 500 view(s)
  • Krugminator2's Avatar
    01-20-2019, 10:00 PM
    I always like how Zerohedge makes it sound so sinister by saying "confesses" as if Bernanke was hiding something. The Fed does cause recessions. That's kind of how it works. At some point an expansion starts to overheat and you get inflation so the Fed has to tighten monetary policy to kill inflation. It is a balancing act and at some point they will tighten too aggressively and you get a recession.
    48 replies | 500 view(s)
  • Krugminator2's Avatar
    01-17-2019, 08:47 PM
    I certainly don't want to insult you. I know you have your finger right on the pulse of politics from your former political career where I would bet your wisdom paid slightly less than a homeless person picking up pop cans makes. But I'll give you an example. 1075402701796720640
    32 replies | 431 view(s)
  • Krugminator2's Avatar
    01-17-2019, 05:57 PM
    With the possible exception of Milton Friedman getting rid of the draft and his influence on floating currencies, just the recent foreign policy stuff makes Rand the most consequential libertarian in political history. I know you have your small, nothing pet issues that aren't real issues, but Rand is actually moving the ball over the goal. If you can't admit you were completely wrong about everything at this point, you aren't a reasonable person. This is what winning looks. After the last two months, I would probably give Rand, the Senator, an A+, and I am tough grader.
    32 replies | 431 view(s)
  • Krugminator2's Avatar
    01-15-2019, 10:45 PM
    Hmmm.... Sometimes. A little doubt. Tom Woods poured some cold water on his Commie economics today. https://tomwoods.com/ep-1320-pro-family-economics-makes-me-crazy/
    15 replies | 382 view(s)
  • Krugminator2's Avatar
    01-15-2019, 05:37 PM
    Democrats: Everyone is equal and there should be no discrimination.* *Unless you make a lot of money investing which boosts economic growth or you deliver a good or service that a provides so much value that it causes you to make a lot of money. Then screw those people. They should feel lucky to be able to keep anything.
    60 replies | 687 view(s)
  • Krugminator2's Avatar
    01-15-2019, 12:14 PM
    I dislike Steve King but is European culture superior? Of course it is. Every Hispanic and black country and almost all Asian and Arab countries are shitholes. Facts aren't racist. The problem with Steve King's statement isn't factual inaccuracy. The problem is he phrased things in a way that was bound to get this response. England, Scandanavia, and United States are successful. It used to drive me berserk when the leftists who supported Ron would act the United States is nothing special. The fact of the matter is the United States is the most successful human experiment in world history. And that success is attributable to the ideas of a few dead white guys.
    64 replies | 670 view(s)
  • Krugminator2's Avatar
    01-14-2019, 06:56 PM
    This article is a good reminder that the press is the enemy of free people. That article is just mouth breathing clickbait propaganda.
    26 replies | 672 view(s)
  • Krugminator2's Avatar
    01-14-2019, 04:03 PM
    Using #MeToo 3 seconds in? But just the left wing politics alone are offensive, I have a better commercial that addresses bad male behavior and is an actual real problem, not the phony epidemic of rape culture. 72% of black kids are born without married fathers. Maybe ask "Is that the best a man can get?" and show a black guy with pants hanging down who barely speaks English. That is an actual real problem, not kids wrestling in the grass. And instead of Young Turks have Alex Jones in the ad. My guess is most people would think that is bad idea because it is divisive just like the commercial Gilette ran is divisive. Businesses should perform the only social responsibility they have, which is to make money for their shareholders and avoid being woke and going broke. http://www.umich.edu/~thecore/doc/Friedman.pdf
    177 replies | 2679 view(s)
  • Krugminator2's Avatar
    01-14-2019, 03:29 PM
    The ad was, of course, disgusting. And if there is any doubt where they are coming from (and there isn't), why do you think included they two clips from The Young Turks? Is it just random that they included the farthest left-wing crackpot show which promotes the idea that (white) men are a cancer and every other group should be given special treatment?
    177 replies | 2679 view(s)
  • Krugminator2's Avatar
    01-13-2019, 08:26 PM
    Massie and Amash always good. Chip Roy off to a good start.
    5 replies | 269 view(s)
  • Krugminator2's Avatar
    01-12-2019, 09:08 PM
    American kids are discriminated against foreign kids. American kids have lower IQs and are lazier thus get worse grades.
    27 replies | 467 view(s)
  • Krugminator2's Avatar
    01-12-2019, 08:39 PM
    Good point. I'm sure a bunch of stupid kids who can't compete will create the innovation that will propel humanity forward.
    27 replies | 467 view(s)
  • Krugminator2's Avatar
    01-12-2019, 08:27 PM
    Take a look at these pictures. https://ioe.engin.umich.edu/role/graduate-students/ These are grad students at a typical engineering school. I count 9 white kids and one black girl out of 160 . Here is the reality. You are wrong. American kids don't compete at the top in engineering. Do you think educating the best minds and sending them home afterwards is the best use of intellectual resources?
    27 replies | 467 view(s)
  • Krugminator2's Avatar
    01-12-2019, 06:56 PM
    https://fee.org/articles/are-ar-15-rifles-a-public-safety-threat-heres-what-the-data-say/?utm_source=zapier&utm To me, gun people should bring up these stats constantly. "Assault weapons" make up just north of zero percent of murders each year. An assault weapons ban would do nothing and anyone who advocates it is really using it to start the debate for mass gun confiscation.
    12 replies | 215 view(s)
  • Krugminator2's Avatar
    01-12-2019, 12:02 PM
    I have tremendous sympathy for people less fortunate struggling to pay bills. But does any government worker not get EXTREMELY good benefits and a liveable wage. These MSM sob stories are ridiculous. They listed what a low end worker makes as if they was supposed to impress me by how low it was. My first thought was it was more than 90% of people in Mexico make. I saw this pop up on my Twitter feed this morning. I'm sorry if missing a few weeks of work causes you problems making your LEXUS payments. 1084102729860038656
    13 replies | 288 view(s)
  • Krugminator2's Avatar
    01-11-2019, 07:02 PM
    Democrats More Positive About Socialism Than Capitalism From Gallup poll https://news.gallup.com/poll/240725/democrats-positive-socialism-capitalism.aspx Positive view of capitalism Positive view of socialism
    5 replies | 136 view(s)
  • Krugminator2's Avatar
    01-10-2019, 11:29 PM
    Let's be in reality, Jeff Bezos would have been hugely successful without his wife. We know this because he was already before he met her. The current law makes marriage a terrible financial decision for a high income person. Obviously there is more to life than money. But there needs to be more commonsense in these divorce cases otherwise the marriage rate will continue to fall which is bad for society. You want to incentivize the woman to do the right things with raising the kids and being supportive and reward her in the divorce if she demonstrates she has. But having kids and baking cookies is not the same thing as starting and running the most successful business in history. She should get like $100 million. That is a huge number. That's more than fair. He keeps the other $137 billion. 50/50 is so laughably insane that I can't believe anyone can say she "deserves" that with a straight face. When you make things 50/50 you turn gold diggers into entrepreneurs. Why start Amazon when you can just be the guy who started Amazon's wife? Why be Steve Jobs and change the world when you can get an equal benefit marrying Steve Job? It's crazy.
    64 replies | 969 view(s)
  • Krugminator2's Avatar
    01-10-2019, 02:41 PM
    1. People wouldn't use a currency that people printed as much as they felt like 2. Gold mining has little to do with what gives gold its value or the supply of money. http://www.24hgold.com/english/news-gold-silver-the-money-supply-with-a-gold-standard.aspx?article=3277516694G10020&redirect=false&contributor=Nathan+Lewis
    51 replies | 766 view(s)
  • Krugminator2's Avatar
    01-10-2019, 01:00 PM
    Money printing isn't inherently dishonest. The money supply should grow by roughly the average rate of population growth + economic growth. The money supply would expand greatly even under Ron Paul's competing currencies. There is nothing free market or moral about holding the money supply fixed. Most people don't realize the money supply increased greatly under the gold standard. https://www.forbes.com/sites/nathanlewis/2012/02/16/the-gold-standard-and-the-myth-about-money-growth/#698df0136c09
    51 replies | 766 view(s)
  • Krugminator2's Avatar
    01-09-2019, 05:53 PM
    What is your answer to my post? Seriously. What industry is heavily unionized and thriving? The auto manufacturers were an oligopoly and two of three have required government bailouts. The steel industry has required bailouts. My dad worked in management in the trucking industry and I watched unions blow the brains out of his company. Just about EVERY airline has been bankrupt. Randomly think of the name of an airline to yourself. Odds are overwhelming unions caused it to go bankrupt. I'm not anti-union in the abstract. But in practice they never concede when the economy goes south. In classical economics wages should rise in good times and fall in bad times. But unions only like the raising wages part.
    96 replies | 1349 view(s)
  • Krugminator2's Avatar
    01-09-2019, 05:33 PM
    I don't even dispute that you are correct. The reality is unions made American business uncompetitve. Do you really want to go back to the bad old days of the 1970s before Reagan/Thatcher. I sure don't. Unions basically kill every industry where they are prominent: airlines, trucking, steel manufacturing, auto manufacturing. Almost every company in those three industries have gone bankrupt at some point. Is that what you want? Unions take credit and push wages up in good times but never concede when the economy goes south. The record of unions in the US is terrible. Came to prominence under FDR and prolonged the Great Depression. After WWII Europe was decimated so the US was the only game in town. Once China and Japan started manufacturing it forced the US to be more competitive. And you had a lost decade in the 1970s.
    96 replies | 1349 view(s)
  • Krugminator2's Avatar
    01-09-2019, 04:43 PM
    So you did. Tony Robbins got that portfolio from Dalio. Not that I am super hung up on this but come on. It is such a strange portfolio. You: 50% Treasury products 25% gold 25% stocks Robbins/Dalio: 55% Treasuries products 15% Commodities and 30% stocks.
    25 replies | 770 view(s)
  • Krugminator2's Avatar
    01-08-2019, 05:54 PM
    Did you just copy Ray Dalio's all-weather portfolio and simplify it by making everything 25% or are you a super genius who just happened to have a similar allocation of T-bills, T-Bonds, stocks and gold that makes no sense yet that mix somehow has almost no down years and a decent return? Anyway, here the exact mix. https://www.etftrends.com/fixed-income-channel/remember-all-weather-portfolio-having-killer-year/ 30% Vanguard Total Stock Market ETF (VTI) 40% iShares 20+ Year Treasury ETF (TLT) 15% iShares 7-10 Year Treasury ETF (IEF) 7.50% SPDR Gold Shares ETF (GLD) 7.50% PowerShares DB Commodity Index Tracking Fund (DBC)
    25 replies | 770 view(s)
  • Krugminator2's Avatar
    01-08-2019, 07:52 AM
    "The Middle Class, Not ‘the Rich,’ Is Where the Money Lies The top tax rates in comparable Anglosphere countries such as Britain, Canada, Australia, and New Zealand are 45 percent, 33 percent (federal), 45 percent, and 33 percent respectively. There is no 70 percent rate in any of those countries — on millionaires, on billionaires, or otherwise. Hell, there is no 50 percentrate, either. Why? Well, because that’s where the money is. The U.K.’s 40 percent tax rate kicks in at just $59,178 (I’ve adjusted for U.S. dollars, here and below), and its 45 percent rate starts at just $191,521. In addition, Britain has a 20 percent value-added tax that makes pretty much everything annoyingly expensive. Australia charges 32.5 percent at $26,377, 37 percent at $64,162, and 45 percent at $128,324. New Zealand’s top rate of 33 percent is levied on earnings above $47,319, while Canada charges 26 percent after $69,794, and 33 percent after $154,153 (this is on top of considerable provincial income taxes)." https://www.nationalreview.com/corner/alexandria-ocasio-cortez-flawed-tax-plan/
    20 replies | 391 view(s)
  • Krugminator2's Avatar
    01-07-2019, 05:31 PM
    BernieSandersForums.com RonPaulForums.com I agree with nothing you just said and neither does Ron Paul. I just called one of those psychic 900 numbers to see what James Madison thinks. He said he hates you.
    23 replies | 383 view(s)
  • Krugminator2's Avatar
    01-06-2019, 06:34 PM
    What your missing is many people don't have your values. I don't want to drink fair trade coffee. I am perfectly okay if some ten year old was put to work. Wal-Mart is wonderful. I like the big beautiful tax cut Wal-Mart gives me with lower prices. What did Romney do wrong in his business practices? Some companies are worth more dead than alive. What kind of morality is for unions and management with no stake in the business to bleed a once profitable company dry at the expense of the owners of the company? A lot of what is peddled as morality is just economic illiteracy. I don't want to buy an American car. Me driving an American car adds zero to American employment. The fine Japanese will use their dollars put Americans to work some place else and more efficiently. And what if my morality precludes me from not wanting to reward bailouts and unreliable shit? The individual consumer should decide what is moral for them, not some central planner or TV personality.
    132 replies | 2089 view(s)
  • Krugminator2's Avatar
    01-06-2019, 10:11 AM
    Bernie Sanders thinks he is moral too. Tucker's morality is no different from the people who think you should buy union made products. Free people voluntarily trading with each other is morality to me. Tucker (and maybe you) think buying cheaper goods from China is immoral. I don't. I think restricting my purchases from China is immoral. Tucker thinks people like Mitt Romney are evil for occasionally having to liquidate a failing company. I think people like Mitt Romney, the private equity guy, are heroes who force market discipline and make American business competitive. Tucker thinks driverless cars should be banned because driving for a living is the most common job for people with just a high school degree. He literally believes. He's awful.
    132 replies | 2089 view(s)
  • Krugminator2's Avatar
    01-05-2019, 11:23 PM
    I agree with that statement. I watch Tucker. I think he is very smart and interesting and very fair. He is probably my favorite socialist on TV. (The last part is a little tongue in cheek, but his economic views really are horrific.)
    132 replies | 2089 view(s)
  • Krugminator2's Avatar
    01-04-2019, 04:39 PM
    There are a ton of stocks like that in that sector. There has been a lot of buying by insiders during the last down move in oil and the wild moves in natural gas. Look at CHK. Was 30 in 2014. Now 2.25. Insiders just bought a few million shares the last few weeks https://finviz.com/quote.ashx?t=chk Others that are beaten down with insider buying. PTEN, TTI, AXAS, NBR
    25 replies | 770 view(s)
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