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Author Topic:   Testing The Financial Apologists
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


(2)
Message 286 of 581 (910762)
05-12-2023 10:02 AM
Reply to: Message 276 by Phat
05-11-2023 6:45 AM


Re: BRICS lol
I have tried googling the quote. It does not seem to exist on the internet. Is it a quote from you?

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 276 by Phat, posted 05-11-2023 6:45 AM Phat has replied

Replies to this message:
 Message 288 by Phat, posted 05-12-2023 12:37 PM Theodoric has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 287 of 581 (910763)
05-12-2023 12:31 PM
Reply to: Message 283 by Omnivorous
05-11-2023 3:32 PM


Re: Gold Bugs and Political Thugs
Omni writes:
Do you save and invest in dollar-denominated funds and accounts?
Every asset is currently valued in terms of dollar denomination. Oil, for example is priced at XX$ per barrel. Gold is priced at XXXX$ per ounce. Historically, it has been this way globally since 1944. Between 1944 and 1971, The dollar was baked by gold. Due to deficits being created to fund the war in Viet Nam as well as LBJs Great Society pledge to help lift more of the poor out of poverty, suspicions grew that the US dollar was inflating relative to its gold backing. Since 1971, the US Dollar and virtually all currencies are no allowed to float.
One mistake that many of my critics make is that they see the dollar (as prime Global Reserve Currency) being the yardstick to set the value of every stock and commodity. This is no longer true.The Petro Dollar anchored Oil and the dollar whereas now the Petro Yuan is set to become an alternative standard.
Gold (and Oil, notably) set the value of any given currency. The people are at the mercy of commodities.

This message is a reply to:
 Message 283 by Omnivorous, posted 05-11-2023 3:32 PM Omnivorous has not replied

Replies to this message:
 Message 290 by Theodoric, posted 05-12-2023 1:32 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 288 of 581 (910764)
05-12-2023 12:37 PM
Reply to: Message 286 by Theodoric
05-12-2023 10:02 AM


Theo and Phat disagree on what makes an expert an expert
no it was from a random respondent in the comments section of one of the videos I watch. Certainly not an expert, according to your criteria.
Can you argue with the basic premise, however? (Without having to google Paul Krugman?) Sometimes the obvious is right in front of us. The US main export to the rest of the world in exchange for their goods is US Dollars.
Of course, you will make no conclusions without consulting an expert.

This message is a reply to:
 Message 286 by Theodoric, posted 05-12-2023 10:02 AM Theodoric has replied

Replies to this message:
 Message 291 by Theodoric, posted 05-12-2023 1:37 PM Phat has seen this message but not replied
 Message 294 by Theodoric, posted 05-13-2023 4:12 PM Phat has replied

  
nwr
Member
Posts: 6418
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.5


(1)
Message 289 of 581 (910765)
05-12-2023 12:50 PM
Reply to: Message 285 by Percy
05-12-2023 8:58 AM


Re: If That Day Ever Comes
Percy in Message 285 writes:
I remain baffled that you're still such a rube for slick videos, that you think insults convey any useful information, and that you can't get basic facts straight.
This seems to describe the current Republican party. I guess GOP stands for "Grifters own party"

--> -->Fundamentalism - the anti-American, anti-Christian branch of American Christianity <-- <--

This message is a reply to:
 Message 285 by Percy, posted 05-12-2023 8:58 AM Percy has seen this message but not replied

  
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 290 of 581 (910766)
05-12-2023 1:32 PM
Reply to: Message 287 by Phat
05-12-2023 12:31 PM


Re: Gold Bugs and Political Thugs
The US did not possess the gold to back all of the dollars in circulation. They never have. You might want to actually look up the actual history of the gold standard and why it no longer exists. Bretton Woods was not an actual gold standard, it was a gold exchange standard.
Where do you get these petrodollars? Can you pay your condo fees with them? Do you really think your gibberish actually said anything?
Oh, yes I do know a fair bit about the history of finance and economics. Also, I listen to the experts. Not grifters soaking rubes like you.

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 287 by Phat, posted 05-12-2023 12:31 PM Phat has seen this message but not replied

  
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 291 of 581 (910767)
05-12-2023 1:37 PM
Reply to: Message 288 by Phat
05-12-2023 12:37 PM


More gibberish from Phat
It is a stupid comment not based on actual economics. I am not an economist. I find it is better to listen to what the consensus is among experts rather than some random yahoo on the internet.
If you have no idea who Paul Krugman is maybe you should not be opining on economics.

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 288 by Phat, posted 05-12-2023 12:37 PM Phat has seen this message but not replied

Replies to this message:
 Message 292 by Percy, posted 05-12-2023 1:59 PM Theodoric has replied

  
Percy
Member
Posts: 22606
From: New Hampshire
Joined: 12-23-2000
Member Rating: 5.0


Message 292 of 581 (910769)
05-12-2023 1:59 PM
Reply to: Message 291 by Theodoric
05-12-2023 1:37 PM


Re: More gibberish from Phat
Theodoric writes:
If you have no idea who Paul Krugman is maybe you should not be opining on economics.
I guess I'm okay with anyone not knowing who Paul Krugman is. What's important to me is that people know how to seek out credible voices when they need to. People like Phat who are drawn to the crazy voices are very scary.
--Percy

This message is a reply to:
 Message 291 by Theodoric, posted 05-12-2023 1:37 PM Theodoric has replied

Replies to this message:
 Message 293 by Theodoric, posted 05-12-2023 5:13 PM Percy has replied

  
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 293 of 581 (910770)
05-12-2023 5:13 PM
Reply to: Message 292 by Percy
05-12-2023 1:59 PM


Re: More gibberish from Phat
My point is that he should be able to look Krugman up before he responds and realize that Krugman is a legitimate, well-respected economist. My wording was lacking.

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 292 by Percy, posted 05-12-2023 1:59 PM Percy has replied

Replies to this message:
 Message 295 by Percy, posted 05-15-2023 7:23 AM Theodoric has not replied

  
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 294 of 581 (910781)
05-13-2023 4:12 PM
Reply to: Message 288 by Phat
05-12-2023 12:37 PM


How do we pay for trade?
The US main export to the rest of the world in exchange for their goods is US Dollars.
How else do you propose goods be paid for? You do realize that the US govt is not sending the dollars(which are not piles of dollar bills) but US corporations, companies and individuals, do you not? Why are you do so against capitalism and free trade? Are you a communist?

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 288 by Phat, posted 05-12-2023 12:37 PM Phat has replied

Replies to this message:
 Message 296 by Phat, posted 05-15-2023 7:30 AM Theodoric has replied

  
Percy
Member
Posts: 22606
From: New Hampshire
Joined: 12-23-2000
Member Rating: 5.0


Message 295 of 581 (910787)
05-15-2023 7:23 AM
Reply to: Message 293 by Theodoric
05-12-2023 5:13 PM


Re: More gibberish from Phat
Theodoric writes:
My point is that he should be able to look Krugman up before he responds and realize that Krugman is a legitimate, well-respected economist. My wording was lacking.
You're wording was fine. It just isn't in him to do that. There's almost nothing that he actually knows. All he can do is regurgitate what other people say that he doesn't understand but who sound good to him based upon no actual criteria other than it appeals to him, who knows why. Whim? Fancy? Nice graphics? Engaging voice? Emotional appeal?
One common quality among people who are fun to discuss with is that they know what they don't know. Phat has no idea what he doesn't know and has the kind of full confidence bred by ignorance.
--Percy

This message is a reply to:
 Message 293 by Theodoric, posted 05-12-2023 5:13 PM Theodoric has not replied

Replies to this message:
 Message 297 by Phat, posted 05-15-2023 7:34 AM Percy has replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 296 of 581 (910788)
05-15-2023 7:30 AM
Reply to: Message 294 by Theodoric
05-13-2023 4:12 PM


Re: How do we pay for trade?
I'm talking about trade deficits. Do you think that a US Corporation, Company, or individual belong to the US Government? When we buy all of that cheap crap from China that fills our local Walmart's, what does China get from us? And to push the issue further, do we really want to give China our best brainpower?
You DO realize that China is now the sleeping giant. They copy from us, convince us that it is an equitable exchange, and in the while build up their military for the day they retake Taiwan, become capable of sinking any and all US Carriers, all the while their oppressed people(yes, they are communists) wait patiently for the day when our system collapses while theirs finally is able to pay its middle class what they are worth.
Global competition is becoming more and more ruthless as the finite resources of this planet are up for grabs. As for your comment that the gold was inadequate to back the dollar, the gold at that time was worth $35.00-$50.00 an ounce. FDR raised the price from $20.00 to $35.00. Why couldnt Nixon have raised the price to reflect the times we were in? (Oh wait....they did. Gerald Ford made it legal to own gold again in 2004 and the price reached $800.00+ for a short time. Meanwhile the fiat currencies of the world all floated relative to the value of the dollar. Those days are nearly over. You guys can crow all you want about how, under Biden, the US dollar is strong, but im here to tell you that it is a paper tiger. And don't whine and blame the GOP for holding the debt ceiling hostage. They simply want to remind everybody that you cant borrow forever. The current administration is playing an international game of politics with the US Dollar that may backfire right in their face.

This message is a reply to:
 Message 294 by Theodoric, posted 05-13-2023 4:12 PM Theodoric has replied

Replies to this message:
 Message 298 by xongsmith, posted 05-15-2023 7:58 AM Phat has not replied
 Message 299 by Theodoric, posted 05-15-2023 8:05 AM Phat has not replied
 Message 301 by Tanypteryx, posted 05-15-2023 10:37 AM Phat has replied
 Message 302 by Theodoric, posted 05-15-2023 12:31 PM Phat has seen this message but not replied
 Message 314 by Theodoric, posted 05-20-2023 7:41 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 18388
From: Denver,Colorado USA
Joined: 12-30-2003


Message 297 of 581 (910789)
05-15-2023 7:34 AM
Reply to: Message 295 by Percy
05-15-2023 7:23 AM


Re: More gibberish from Phat
Percy:
Phat has no idea what he doesn't know and has the kind of full confidence bred by ignorance.
Thanks for your vote of confidence! I admit to being ignorant about a lot of things, but I find no dishonor in speculation. You guys are the scared ones in that you run around seeking a real expert to reassure you that the sky is not falling and neither is the economy. Good luck with that.

This message is a reply to:
 Message 295 by Percy, posted 05-15-2023 7:23 AM Percy has replied

Replies to this message:
 Message 300 by Percy, posted 05-15-2023 8:57 AM Phat has not replied

  
xongsmith
Member
Posts: 2600
From: massachusetts US
Joined: 01-01-2009
Member Rating: 4.8


(1)
Message 298 of 581 (910790)
05-15-2023 7:58 AM
Reply to: Message 296 by Phat
05-15-2023 7:30 AM


Re: How do we pay for trade?
what a totally fucked view...
you think Theodoric was saying
Phat writes:
Corporations belong to the US Government?
and
all the while their oppressed people(yes, they are communists) wait patiently for the day when our system collapses while theirs finally is able to pay its middle class what they are worth.
why would the CCP ever pay them what they're worth?
and
And don't whine and blame the GOP for holding the debt ceiling hostage. They simply want to remind everybody that you cant borrow forever.
no they dont. if they did they would have told Trump to stop his shit. all they want is something to paint the Dems bad for rubes like you, so enough of you will vote to re-elect their criminal buddies.
the current administration is fighting a swarm of vicious, cruel Terrorists within the USA known as Republicans. and you poke holes in Biden not aware of the damage you do, to the glee of the Terrorist Republicans.

"I'm the Grim Reaper now, Mitch. Step aside."
Death to #TzarVladimirtheCondemned!
Enjoy every sandwich!

- xongsmith, 5.7dawkins scale


This message is a reply to:
 Message 296 by Phat, posted 05-15-2023 7:30 AM Phat has not replied

  
Theodoric
Member
Posts: 9274
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.7


Message 299 of 581 (910791)
05-15-2023 8:05 AM
Reply to: Message 296 by Phat
05-15-2023 7:30 AM


Re: How do we pay for trade?
I tried to read your screed but I don't read gibberish. As is typical you did not address the questions I posed. Maybe you are incapable.
Are you having another breakdown? A manic episode? I think you need help.

What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 296 by Phat, posted 05-15-2023 7:30 AM Phat has not replied

  
Percy
Member
Posts: 22606
From: New Hampshire
Joined: 12-23-2000
Member Rating: 5.0


Message 300 of 581 (910793)
05-15-2023 8:57 AM
Reply to: Message 297 by Phat
05-15-2023 7:34 AM


Re: More gibberish from Phat
Phat writes:
You guys are the scared ones in that you run around seeking a real expert to reassure you that the sky is not falling and neither is the economy. Good luck with that.
You can't even cast aspersions accurately.
--Percy

This message is a reply to:
 Message 297 by Phat, posted 05-15-2023 7:34 AM Phat has not replied

  
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