The most dangerous time since the Civil War

[David Horn]

(01-11-2018, 03:44 AM)Kinser79 Wrote: I will not argue that each generation is the product of its parent generation.  Such is the very basis of S&H theory, Generational Dynamics and even my own theories.  What I was pointing out was that Boomers in particular take time out to lay blame at the GIs whereas in general Xers and Millies are far more likely to simply say "Boomers are fucking stupid lets do something different". 

Oh yeah. that's really different isn't it?

Kinser79 Wrote:The "Great Prosperity" was not helped by the oil shocks to be sure.  However, I see you're conviently forgetting LBJ's experiment in conducting an economy on the basis of both guns and butter during the 1960s which required the debacement of the currency twice (in 1965 with the withrawl of silver, and in 1973 with the closure of the gold window).  Both didn't happen because LBJ or Nixion got a strange bug up their ass--they were required because the US was running short of both gold and silver because everyone else could see the absurdity of these policies.

Aren't you the MMT guy? You should be glad that we finally cut the currency loose for good.

Kinser79 Wrote:At current Saudi Arabia and most of OPEC are only passfied by keeping oil accounts in USD (just like Gulf War II was caused by Saddam Hussein wanting to price oil in Euro), but that might not always be the case.  Iran is already selling oil in gold, Rupee and RMB.  Russia is openly selling gas in Rubles or Gold taking USD as a third option only (which has essentially lifted the sanctions against them already--only the US is still maintaining them, and there import substitution is addressing the problem).  I can't really blame the Europeans either, they have a colder climate and in winter the heat being on is quite nice.

Is there a point here?

Kinser79 Wrote:That being said, I see you're ignoring the fact that baring inflating the currency, the state only can obtain money to provide social services (including war) at the expense of the private sector.  Hence why the Trump Tax Reform spells disaster for the Dims come poll time this year--and that is before we even address their baked in weaknesses and the chaos that their party is in.

Sorry, but the economy is not and never has been a zero-sum game. We just flooded the market with Trillions of dollars, and no inflation. Everything in the economic realm is situational.

Kinser79 Wrote:After all it took the entire lamestream media, focusing on a special election in Alabama to get a Dim in, and he managed to just squeak in.  The whole House and a Third of the Senate are up in the Mid-terms.  Also the national polls are skewed.  State by state polls are far more accurate.

Yeah, sure.