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The Oliver Twist

Discussions about the economic and financial ramifications of PEAK OIL
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Re: The Oliver Twist

Unread postby yesplease » Wed 10 Jun 2009, 00:53:08

$this->bbcode_second_pass_quote('MonteQuest', 'S')o, all this monetization of the debt and debt guarantees is not meant to keep the financial system afloat and commerce functioning? LOL!
Keep the financial system functioning and commerce afloat? Hardly. We saw markets drop to next to nothing and GDP only declined by ~25%. If anything it's supposedly to minimize the drop in GDP. Economic systems have continued to function through much worse.
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: The Oliver Twist

Unread postby yesplease » Wed 10 Jun 2009, 00:59:35

$this->bbcode_second_pass_quote('odegaard', '')$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('', 'B')enefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income...

$this->bbcode_second_pass_quote('', 'O')ne in nine Americans are using federal food stamps to help buy groceries...
It seems that America is doing a piss poor job of living up to it's reputation as a "conservative" nation that values small government and self-reliance. :wink:
Seriously. We shouldn't spend the tax revenue collected from Americans on Americans, what kind of crazy government does that? Just make out a 2.5 trillion buck check to SA and call it a year, they're the ones who really deserve the credit for all the wonderful things that come from oil, like pollution! ;)
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: The Oliver Twist

Unread postby alokin » Wed 10 Jun 2009, 07:53:52

$this->bbcode_second_pass_quote('', 'G')oing to war with the United States would not make the US more inclined to pay back its creditors.

China has NOTHING to gain by declaring war on the USA.


No China does not declare the war America does! They simply invent a story and then they do not have to pay their depth back. If you inflate your money too much people are getting nervous, they might even protest.
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Re: The Oliver Twist

Unread postby MonteQuest » Tue 16 Jun 2009, 19:03:03

Oh yeah, to all those naysayers who suggest we can inflate away the unfunded entitlement debt of 99 trillion....Social Security and Medicare are indexed to inflation. 8O
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
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Re: The Oliver Twist

Unread postby FloridaGirl » Tue 16 Jun 2009, 23:23:21

The government controls that index. Check out shadowstats.com for a comparison to what it would be if they hadn't changed the CPI.
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Re: The Oliver Twist

Unread postby bratticus » Wed 17 Jun 2009, 07:08:13

$this->bbcode_second_pass_quote('', '[')b]City of Sedona original budget cuts reinstated
Public Hearing scheduled for May 26 Council Meeting
By Tommy Acosta, Associate Editor
Sedona.biz
May 25, 2009

The Sedona City Council once again reversed itself on cuts for its tentative 2009/2010 budget, taking money back from community associations that had funds cut, had money put back and now have those funds cut out again.

... snip ...


$this->bbcode_second_pass_quote('', '[')b]Cynical state budget plan could close more State Parks
By Doug Frerichs, Arizona State Parks Foundation
June 9, 2009

... In addition to parks already shut because of legislative raids on State Parks earlier this year, the bill could force closure of such scenic sites as Red Rock State Park near Sedona ...



$this->bbcode_second_pass_quote('', '[')b]Council caps budget at $44.5 million
Final Approval set for June 23
By Tommy Acosta, Associate Editor
Sedona.biz
May 28, 2009

... City operations and community non-profits took painful hits with Sedona funded-community agencies cut by $400,000 and city employees by $600,000 through hiring freezes and offering no merit or cost of living increases. ...
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Re: The Oliver Twist

Unread postby odegaard » Wed 17 Jun 2009, 20:54:44

This is a post from yesplease.
$this->bbcode_second_pass_quote('yesplease', 'S')eriously. We shouldn't spend the tax revenue collected from Americans on Americans, what kind of crazy government does that? Just make out a 2.5 trillion buck check to SA and call it a year, they're the ones who really deserve the credit for all the wonderful things that come from oil
What relevance does it have to the topic of discussion?
answer: it doesn't


This is a dancing banana.
What relevance does it have to the topic of discussion?
answer: it doesn't
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