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Author Topic:   Testing The Financial Apologists Conmen
AZPaul3
Member
Posts: 6828
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.3


(1)
Message 31 of 108 (888824)
10-08-2021 7:40 PM
Reply to: Message 30 by Phat
10-08-2021 7:16 PM


Re: Nomi Prins
You are right, Phat. We may indeed be headed in that direction. You think you can do anything about it? You think your insignificant (though fee generating thus income generating for someone else, thank you very much) investment can alter anything except to boost the seller's income?

Even in concert, Phat, do you think the American middle class can protect itself from such a thing by buying up a few pounds of gold while all the rest of their meger wealth evaporates?

You're along for the ride, Phat. Haven't you anything other to do with your money? I'm sure jar and ringo can suggest some.

Edited by AZPaul3, : No reason given.


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 30 by Phat, posted 10-08-2021 7:16 PM Phat has seen this message but not replied

  
Percy
Member
Posts: 20948
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.1


(2)
Message 32 of 108 (888826)
10-08-2021 8:40 PM
Reply to: Message 25 by Phat
10-08-2021 1:29 PM


Re: Nomi Prins
Your "ignore responses, repeat claims" approach is a waste of people's time. You've been doing this for a while now, for my own posts most recently completely ignoring Message 16 and Message 20, and responding to Message 17 but not addressing a single point. If you're not going to respond to what people say, why should anyone respond to you?

You remind me of people who don't realize they've been idiots until they end up on ventilators and realize that maybe they should have listened and gotten the vaccine. In your case I don't think it's that you haven't learned to listen but that you haven't learned how to achieve an understanding of things you don't yet understand. Instead of expending the effort necessary to understand something you follow whoever captures your fancy. Entire industries have been built upon reliance that people like you exist, like religion, Dutch tulip futures, and South Sea Company stock.

--Percy


This message is a reply to:
 Message 25 by Phat, posted 10-08-2021 1:29 PM Phat has seen this message but not replied

  
AZPaul3
Member
Posts: 6828
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.3


(4)
Message 33 of 108 (888833)
10-09-2021 4:31 AM


And I regret not spending more time at the office.

Eschew obfuscation. Habituate elucidation.

  
Phat
Member
Posts: 16055
From: Denver,Colorado USA
Joined: 12-30-2003


Message 34 of 108 (888837)
10-09-2021 3:22 PM
Reply to: Message 23 by Percy
10-07-2021 9:49 AM


Addressing Old Posts
OK Percy I will give it the old college try.

Message 16-- I own my car, though it is a clunker and a money pit. (2002 Buick). The price of used cars has shot up exponentially just in the past year and I dont have much of a nest egg.

Percy writes:

Apologies for assuming your financial mismanagement was across the board. Should I also assume your condo fees are paid up? How's your credit card debt? Is your vehicle worth less than the loan? Sorry, it's just hard to believe that someone who can be taken in so easily about gold is otherwise spic-n-span financially.

Gold is not an investment. It is an insurance policy to protect against bad investments and financial corrections. AZPaul3 is correct, however in that a man of my limited means will never outbid the wealthy people who can afford diversification. Im better off buying stable groceries to save up and use once inflation does its work on our prices. Current conservative predicions average 6% a year for 3 years followed by more stable radings, but as they found out in the late seventies, inflation is not easily stopped without raising interest rates. What other way can it be stopped? And keep in mind that were it not for debt there would be no inflation nor deflation.

Message 17 --

Percy writes:

Your quote claims that "Each one percent rise in the interest rate would increase FY 2021 interest spending by roughly $225 billion," and that is obviously false. When interest rates rise then payments on interest can only increase if the debt is refinanced. The average maturity period for financial instruments funding the national debt is over five years, so only about 20% of the debt would be refinanced in any given year. If interest rates were to rise by 1% then over the next year only $5.8 trillion of our national debt would be refinanced, and a year from now our annual service of the debt would only have risen by $58 billion, not $225 billion.

I learn slowly through trial and error but I also am intuitive beyond what most critical thinkers dare not do. Granted I am anxious yet fascinated by doomsday prognostications for reasons yet unknown. It feels good thinking that the majority of people do not see what I see. My challenge now is figuring out what if anything I actually DO see. So lets keep talking.

Message 20--

Percy writes:

It isn't that I'm so sure I'm right as that I'm able to muster facts and reason in support of what I think true and you're not.

Im still learning which facts are relevant and which are part of a con.

I think that you think that everything is cyclical and that life goes on year after year with out any major reset, apocolyptic or otherwise. But we can both agree that global warming is potentially apocolyptic and they seem slow at addressing that. I would further argue that human nature is intrinsically self serving rather than empathetic. I dont want to see the US middle class and myself suffer.

We have gone off the rails since 2007 and I'm not sure we will ever return to where we were as a nation and indeed globally with secure financial resources.

ringo writes:

I've told you flat-out that I couldn't care less about the US middle class. If you read my posts it wouldn't just be a vague suspicion.

And yet you would love for all of the Christian Middle class to give all that they have (and join your ranks in so doing) simply so you dont have to work so hard struggling to pay bills and eat! I see too many people who would rather steal than get a minimum wage job. And its flat-out evil evil evil.

ringo writes:

Our beloved Prime Minister, Justin Trudeau, is constantly telling us that he's "working very hard" to buck up the middle class "and those struggling to join it". I, for one, am not struggling to join the middle class.

Yes we know. You want to sit around at the park with the other homeless people and enjoy life. If you know any of them who steal, you would do well to tell them to cut it out.

"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.”
- Criss Jami, Killo

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 23 by Percy, posted 10-07-2021 9:49 AM Percy has replied

Replies to this message:
 Message 35 by nwr, posted 10-09-2021 4:37 PM Phat has seen this message but not replied
 Message 36 by ringo, posted 10-10-2021 11:37 AM Phat has seen this message but not replied
 Message 37 by Percy, posted 10-10-2021 12:42 PM Phat has seen this message but not replied
 Message 38 by anglagard, posted 10-10-2021 1:59 PM Phat has seen this message but not replied

  
nwr
Member
Posts: 6036
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 3.8


(2)
Message 35 of 108 (888838)
10-09-2021 4:37 PM
Reply to: Message 34 by Phat
10-09-2021 3:22 PM


Re: Addressing Old Posts
And keep in mind that were it not for debt there would be no inflation nor deflation.

This is surely false.

We have gone off the rails since 2007 and I'm not sure we will ever return to where we were as a nation and indeed globally with secure financial resources.

I blame the Republicans. They run up debt, and then they block the attempts of Democrats to increase taxes to pay down that debt.

Responding to ringo, Phat writes:

And yet you would love for all of the Christian Middle class to give all that they have (and join your ranks in so doing) simply so you dont have to work so hard struggling to pay bills and eat!

That's not what I read ringo as saying.

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

This message is a reply to:
 Message 34 by Phat, posted 10-09-2021 3:22 PM Phat has seen this message but not replied

  
ringo
Member
Posts: 19720
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.8


(2)
Message 36 of 108 (888844)
10-10-2021 11:37 AM
Reply to: Message 34 by Phat
10-09-2021 3:22 PM


Re: Addressing Old Posts
Phat writes:

I learn slowly through trial and error but I also am intuitive beyond what most critical thinkers dare not do.


You have that backwards. Critical thinkers are the ones who dare - to defy their intuition.

Phat writes:

And yet you would love for all of the Christian Middle class to give all that they have...


Will you ever learn to read? It's JESUS who wants you to do that. Jesus H. Tap-dancing Christ, the guy you claim to believe in.

Phat writes:

...(and join your ranks in so doing) simply so you dont have to work so hard struggling to pay bills and eat!


That's a vile thing to say. I worked fairly hard all my life for relatively little money and you have the gall to scoff at me giving a few dollars away. I don't expect to gain ANYTHING from you doing what your "leader" wants you to do.

Phat writes:

You want to sit around at the park with the other homeless people and enjoy life.


How is that a bad thing?

"I call that bold talk for a one-eyed fat man!"
-- Lucky Ned Pepper

This message is a reply to:
 Message 34 by Phat, posted 10-09-2021 3:22 PM Phat has seen this message but not replied

  
Percy
Member
Posts: 20948
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.1


(2)
Message 37 of 108 (888845)
10-10-2021 12:42 PM
Reply to: Message 34 by Phat
10-09-2021 3:22 PM


Re: Addressing Old Posts
Phat writes:

OK Percy I will give it the old college try.

In your response you only quoted me to launch into remaking your old points. You never addressed anything I said.

Message 16-- I own my car, though it is a clunker and a money pit. (2002 Buick). The price of used cars has shot up exponentially just in the past year and I don't have much of a nest egg.

If you "don't have much of a nest egg" then you have no business messing with speculative financial vehicles like gold. Gold mostly makes money for dealers, not their customers.

Gold is not an investment. It is an insurance policy to protect against bad investments and financial corrections.

Since you "don't have much a nest egg", you have no meaningful investments that need protection from financial corrections.

I'm better off buying stable groceries to save up and use once inflation does its work on our prices.

One of the significant contributors to inflation is wages. If inflation causes significant price increases, wages will increase, too.

Consider this. Too many dollars chasing too few goods causes price inflation. Once prices have increased to the point where excess dollars have been soakded up then sales decrease because there's no longer any excess dollars. Decreasing sales cause prices to drop or at least stop rising. Price inflation is self limitiing.

But wage increases can keep price inflation going by providing an increasing number of dollars to chase the price of inflated goods. It's known as an inflationary spiral. Artificially slowing business activity by raising interest rates is the way inflationary spirals have traditionally been halted, as you yourself note later.

Current conservative predictions average 6% a year for 3 years...

Here's an inflation projection from Statista - The Statistics Portal showing nothing higher than 2.5% for the next five years. This projection is from April and likely the projections are a little higher now, but not by much:

You're being scaremongered, and even if inflation ever did rise to 5% or 10% annually your wages would rise, too.

Message 17 --
Percy writes:

Your quote claims that "Each one percent rise in the interest rate would increase FY 2021 interest spending by roughly $225 billion," and that is obviously false. When interest rates rise then payments on interest can only increase if the debt is refinanced. The average maturity period for financial instruments funding the national debt is over five years, so only about 20% of the debt would be refinanced in any given year. If interest rates were to rise by 1% then over the next year only $5.8 trillion of our national debt would be refinanced, and a year from now our annual service of the debt would only have risen by $58 billion, not $225 billion.

I learn slowly through trial and error...etc...

None of that and what follows has anything to do with what I said. I explained in pretty good detail why that article is wrong. Look at it this way. Say you buy a nice used car for $20,000 and finance it with a fixed-rate 5% 5-year loan that costs you $377/month. But let's say that by the end of the year inflation has really taken hold and car loans go up to 10%. How much will you then pay on your car loan. Still $377/month, right? It's not going to change, right?

So if interest rates rise, why do you think the federal government's loan payments would increase for existing loans? Yes, it would increase for loans that mature and have to be refinanced, but less than 20% of the federal governments loan portfolio has to be refinanced every year. The interest rate would only increase on less than 20% of the national debt, not all of it.

...but I also am intuitive beyond what most critical thinkers dare not do.

You are not intuitive. All you do is respond to emotional appeals like scare mongering ("the coming inflationary apocalypse will destroy civilization"), and that's how you decide who to listen to.

For reasons having nothing to do with facts or rational thinking you've decided that the YouTube guys are right, and nothing can talk you out of it. In particular facts and reason cannot talk you out of it because it wasn't facts and reason that talked you into it in the first place. You find these YouTube guys appealing, and because you lack the math skills and reasoning capabilities to see the fallacious nature of what they're telling you, and because they're skilled at making emotional appeals, you fall for it, and then you come here and fill posts with their lines of malarkey.

You'd probably find my arguments a lot more appealing if they were accompanied by predictions of the end of civilization.

Granted I am anxious yet fascinated by doomsday prognostications for reasons yet unknown.

You're aware you're a sucker for "doomsday prognostications" yet you come here and repeat the nonsense anyway, and then defend it here at length for days and days on end. Please stop.

It feels good thinking that the majority of people do not see what I see.

You've just defined delusional.

My challenge now is figuring out what if anything I actually DO see. So lets keep talking.

There is no point in continued discussion with you about gold and inflation. Your blood sugar addled brain is hopeless on this topic.

Message 20--
Percy writes:

It isn't that I'm so sure I'm right as that I'm able to muster facts and reason in support of what I think true and you're not.

Im still learning which facts are relevant and which are part of a con.

A lifetime spent in puzzlement at what makes the world work is unlikely to be remedied now.

I think that you think that everything is cyclical and that life goes on year after year with out any major reset, apocalyptic or otherwise.

Yeah, right, I never heard of WWI, the Depression, WWII, the Vietnam War, the World Trade Center attack, Iraq, Afghanistan, or the Great Recession of 2008.

But we can both agree that global warming is potentially apocalyptic and they seem slow at addressing that.

Climate change has the potential to end "life as we know it" in many parts of the world. The world lacks the resolve to cut back on greenhouse gases in the necessary timeframe. We're going to need other solutions, and radical ones may have to be considered, like space sunshades.

I don't want to see the US middle class and myself suffer.

Who does, but your messianic mission is misinformed.

We have gone off the rails since 2007 and I'm not sure we will ever return to where we were as a nation and indeed globally with secure financial resources.

You're ranting again.

--Percy


This message is a reply to:
 Message 34 by Phat, posted 10-09-2021 3:22 PM Phat has seen this message but not replied

  
anglagard
Member (Idle past 148 days)
Posts: 2339
From: Socorro, New Mexico USA
Joined: 03-18-2006


(2)
Message 38 of 108 (888846)
10-10-2021 1:59 PM
Reply to: Message 34 by Phat
10-09-2021 3:22 PM


Empty Bragging
Phat writes:

I learn slowly through trial and error but I also am intuitive beyond what most critical thinkers dare not do. Granted I am anxious yet fascinated by doomsday prognostications for reasons yet unknown. It feels good thinking that the majority of people do not see what I see. My challenge now is figuring out what if anything I actually DO see. So lets keep talking.

I think Percy has done a fine job of showing the error in your economic thinking, as Ringo has shown your limited understanding of Christianity so I will not cover those topics here. Rather I would like to point out this the above sounds just like Donald Trump. Essentially you are saying your mental abilities far exceed our meager talents and that your intuition is more valuable than their knowledge, Like Trump, you are also claiming more insight into any subject than all PhDs ever without having to read, directly study, or take formal coursework.

Your case should be studied as a classic example of the Dunning-Kruger effect.

We already have Mike the Wiz claiming the mantle of Wiley E, Coyote, super-genius, we don't need two.


The problem with knowing everything is learning nothing.

If you don't know what you're doing, find someone who does, and do what they do.

Republican = death


This message is a reply to:
 Message 34 by Phat, posted 10-09-2021 3:22 PM Phat has seen this message but not replied

  
Phat
Member
Posts: 16055
From: Denver,Colorado USA
Joined: 12-30-2003


Message 39 of 108 (895773)
07-19-2022 10:02 AM


Making A Case For The claims of Peter Schiff
In response to Message 876
Percy writes:
As far as discussing Schiff, this is the wrong thread. This thread's about the war in Ukraine. In addition, you've proved yourself impervious to evidence, reason and logic, even about your own health, so there's little point in engaging in discussion with you. And if history is any guide, that you've posted nothing about your health recently (unless I missed it) means your diabetes is worsening. The absence of constructive reasoning, for instance again arguing favorably about a gold standard as if everybody and his mother hasn't corrected you dozens of times about it, is consistent with this suspicion.
Understand (unlikely, I know), that it isn't that you advocate for a return to the gold standard that's the problem. It's that you're unable to engage with any of the counterarguments that have been presented to you. Your replies tend to take the general form of, "No, you're wrong about the gold standard, watch this video," or just to pull random unsupported and wild claims out of the video. And you're a real sucker for shyster's claims of how accurate and prescient all their predictions have been.

It is your responsibility to watch the videos and then distill the arguments down for us here. We're not here to debate with a video. And, "But Schiff says..." is the beginning of the worst type of argument ever. Schiff is not Jesus (and Jesus wasn't real, but that's yet another topic). You're using the fallacy of argument from authority, over and over. You have as much evidence for the value of gold as an investment or as a means of exchange as the "Stop the Steal" people do of widespread voter fraud: none.

Didn't mean to get into this. Any replies should be taken to the proper thread.
OK I relocated the topic here. We can all continue. (And I think it's odd that you mention "we" as if the EvC peanut gallery is the Supreme Court. I've noticed that a lot of you use the same terminology.
You all are wrong about finance in general. It may take me a while to prove it, using my own words. But I will try.

"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.”
H. Richard Niebuhr, The Kingdom of God in America

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


Replies to this message:
 Message 40 by Percy, posted 07-25-2022 11:42 AM Phat has replied

  
Percy
Member
Posts: 20948
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.1


Message 40 of 108 (895918)
07-25-2022 11:42 AM
Reply to: Message 39 by Phat
07-19-2022 10:02 AM


Re: Making A Case For The claims of Peter Schiff
Phat writes:
You all are wrong about finance in general. It may take me a while to prove it, using my own words. But I will try.
It's been nearly a week. Is "a while" longer than a week?
I don't know for sure, but I get the impression that a number of people here have engineering or engineering-like backgrounds. That means they are *very* good with numbers, logical thinking, and attention to detail. The likelihood that they're all "wrong about finance in general" is miniscule.
You, on the other hand, are terrible with numbers. I can pretty much predict which of my messages you won't reply to. If they contain numerical arguments, I won't get a reply.
If only you could begin recognizing what your strengths and weaknesses are. I don't know your strengths, but your weaknesses are clear. You have to stop basing your decisions upon whose YouTube videos or websites you like best. Anyone who's found the secret to making a fortune in gold would keep it to themselves, not make YouTube videos encouraging you to buy gold from them.
I'm at Schiff's website now. The only options for purchase are email or phone. I chatted with a William Xiong who sent me two price lists, one for purchase and one for buyback. Delivery is a $25 flat rate for orders less than 10oz (i.e., orders less than about $18,000), free for more. Here's an example using 2 10oz gold bars, which has free delivery:
DescriptionAmountEffective price per ounce
Purchase Price:$35,655$1,782.75/oz
Sale Price:$33,927$1,696.35/oz
Spread:$1,728 (4.8%)
Gold has to rise 4.8% before you break even. The current price is $1,731, so it would have to rise to$1,814 before you make a penny.
At a discount broker the commission on $35,000 worth of stock is around $5.00. If you bought $35,000 worth of stock at $100/share you would pay a total of $35,005, but when you sell you pay $5.00 again, so let's add it in now and make your total cost $35,010. Before you broke even and your stock began making money it would have to rise to $100.03, an increase of 0.03%. Compare that to the 4.8% your gold would have to rise before you make money. Stocks and gold have behaved comparably over the past 10 years, but gold carries that 4.8% overhead.
Gold is a fine investment. Keep it as part of your portfolio. But gold isn't some stellar performer that outshines other investment vehicles, and it certainly isn't practical as a store of value for currencies.
--Percy

This message is a reply to:
 Message 39 by Phat, posted 07-19-2022 10:02 AM Phat has replied

Replies to this message:
 Message 41 by Phat, posted 07-25-2022 11:39 PM Percy has replied

  
Phat
Member
Posts: 16055
From: Denver,Colorado USA
Joined: 12-30-2003


Message 41 of 108 (895923)
07-25-2022 11:39 PM
Reply to: Message 40 by Percy
07-25-2022 11:42 AM


An Apologist Who Explains His Logic On A Whiteboard
Percy writes:
Gold is a fine investment. Keep it as part of your portfolio. But gold isn't some stellar performer that outshines other investment vehicles, and it certainly isn't practical as a store of value for currencies.
I know you claim that I dont understand numbers and you are partly right. If I see something explained, it helps a bit. It always did in math/economics/accounting classes at any rate.
This article recently appeared in Business Insider.(6/24/22)
Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency Basically, there is a financial "war" of sorts between the dollar friendly nations and the BRIC alliance. (Brazil, Russia, India, China.) George Gammon explains the macro-economics behind this and how the US dollar, though weaponized and high right now, will face some big challenges.
Putin and China just did the unthinkable and the West is in big trouble
George Gammon explains it quite well on a whiteboard. I can almost see the logic, but admit that I dont understand economics all that well. I have been accused of accepting conman arguments, but see nothing wrong with Gammons whiteboard argument.
Are The Global Elite Weaponizing The Fed?
Greg Mannarino also explains the whole scenario. He is actually quite easy to listen to. And he does not sell gold! System Will ‘Wipe Out’ Entire Class as Global Economy Spins Into Free Fall, Warns Greg Mannarino
Don't let sensationalist titles prevent you from listening. Everyone wants to push their videos. Daniella Cambone works for Stansberry Research.
What I think I do understand is that soon, all money will be digital and out of the control of private ownership. While you may see this as a good thing, (to keep the wealthy from hiding their wealth and pulling it out of the banking system) I see it as trouble for the US shrinking middle class. And I see the charge that the Dollar based (Euro-dollar) system is being challenged by BRIC as concerning. We are unstable financially even though Russia is "broke" now.

Edited by Phat, .


"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
***
“…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox

“A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.”
H. Richard Niebuhr, The Kingdom of God in America

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
(1894).


This message is a reply to:
 Message 40 by Percy, posted 07-25-2022 11:42 AM Percy has replied

Replies to this message:
 Message 43 by ringo, posted 07-26-2022 11:58 AM Phat has not replied
 Message 44 by Theodoric, posted 07-26-2022 1:27 PM Phat has not replied
 Message 45 by Percy, posted 07-27-2022 5:08 PM Phat has replied

  
Tanypteryx
Member
Posts: 3419
From: Oregon, USA
Joined: 08-27-2006
Member Rating: 4.2


(2)
Message 42 of 108 (895935)
07-26-2022 11:04 AM


A couple questions
What are financial apologists? What does this even mean?
Message 4
Through the recent sanctions against Russia, the whole world got a glimpse as to how the US Dollar is being "weaponized".
Can you explain how the dollar is being "weaponized?"
This is also why the precious metals are being suppressed in some way, allowing for a stronger dollar.
How are precious metals being suppressed, and how does that make the dollar "stronger" and does that mean you can buy more with a dollar or less?

Stop Tzar Vladimir the Condemned!

What if Eleanor Roosevelt had wings? -- Monty Python

One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie

If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy

The reason that we have the scientific method is because common sense isn't reliable. -- Taq


  
ringo
Member
Posts: 19720
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.8


(2)
Message 43 of 108 (895937)
07-26-2022 11:58 AM
Reply to: Message 41 by Phat
07-25-2022 11:39 PM


Re: An Apologist Who Explains His Logic On A Whiteboard
Phat writes:
I have been accused of accepting conman arguments, but see nothing wrong with Gammons whiteboard argument.
For one thing, it's on a white board. Sometimes a thousand words is worth more than a picture.
Phat writes:
Greg Mannarino also explains the whole scenario. He is actually quite easy to listen to.
Strike two. Easy-to-listen-to does not equate to knows-what-he's-talking-about.
Phat writes:
Don't let sensationalist titles prevent you from listening.
Why not? Sensational titles are for the National Enquirer. (What's the Bat Baby up to lately?)

"Let me win. But if I cannot win, let me be brave in the attempt."
-- motto of the Special Olympians

This message is a reply to:
 Message 41 by Phat, posted 07-25-2022 11:39 PM Phat has not replied

Replies to this message:
 Message 48 by dwise1, posted 07-28-2022 11:44 AM ringo has seen this message but not replied

  
Theodoric
Member
Posts: 7403
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.6


(2)
Message 44 of 108 (895942)
07-26-2022 1:27 PM
Reply to: Message 41 by Phat
07-25-2022 11:39 PM


Re: An Apologist Who Explains His Logic On A Whiteboard
How about attempting an argument to show you actually even understand what they are saying? Does it not concern you that these guys make their arguments on youtube instead of in mainstream financial papers?
Why do I bother? Skip this. Crawl back under your rock.

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 41 by Phat, posted 07-25-2022 11:39 PM Phat has not replied

  
Percy
Member
Posts: 20948
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.1


Message 45 of 108 (895989)
07-27-2022 5:08 PM
Reply to: Message 41 by Phat
07-25-2022 11:39 PM


Re: An Apologist Who Explains His Logic On A Whiteboard
I repeat, the fact that you're numbers-challenged means that you shouldn't be questioning what people here explain to you about financial matters. Maybe they're right, maybe they're wrong, but you don't have the ability to tell. You should be saying, "I don't understand," a lot more than you do, but instead you do a lot of arguing while not having a clue what you're talking about. Why do you argue? Because you've seen videos. You don't really understand the videos, you can't explain what they say, all you can do is implore us to watch them.
So please stop recommending videos you don't understand. First make the effort to understand them and only then post about them, and only in your own words. Do not say something like, "Watch this video that explains the macroeconomics of a financial war that threatens the hegemony of the currently weaponized dollar." All you've done is dropped some lingo from the video into a paragraph followed by a link to the video (There's a [YouTube] code you should use to when posting YouTube videos). Please stop doing that.
The right way to accept an argument is to understand it. Your way, the wrong way, is to look for the most compelling stories or presentations.
Phat writes:
George Gammon explains it quite well on a whiteboard. I can almost see the logic, but admit that I don't understand economics all that well.
If you can't quite see the logic, why do you think Gammon is worth listening to? Did the sensational title catch your attention? Does Gammow have a compelling style of presentation? A compelling story? What?
Clearly you have no valid reason for accepting Gammow. I watched the first 10 seconds of his video:
Yeah, he's got one of those captivating styles of presentation. Good for him, it gets eyeballs on his videos, including yours.
When you can explain what he's saying in your own words then come back and we'll talk about it. I'm certainly not going to watch a video that you don't understand yourself and that I'll have to explain to you but that you won't believe the explanation because he just feels so right to you about whatever it is he's saying that you don't understand.
You remind me of a friend's elderly parents who had to get completely new checking accounts every year or so because some scammer would call them on the phone and convince them to provide all their financial information, and then the money in the checking account would disappear. How many turnip twaddlers do you own?
--Percy

This message is a reply to:
 Message 41 by Phat, posted 07-25-2022 11:39 PM Phat has replied

Replies to this message:
 Message 46 by Phat, posted 07-28-2022 11:11 AM Percy has replied

  
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