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That is such a cluelessly stupid argument.

Posted on: October 15, 2017 at 10:48:32 CT

GA Tiger MU

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1). If his proposed option for the US, and other countries, is feasible then why couldn't it be feasible for any such situation in the future? Does he actually think repudiating and ignoring all the paper bought by other countries won't have a future impact on them? Like, zero transactions.
2) Is he so stupid and clueless as to think such action would have no impact on future interest rates. I remember 16% mortgages and at least 12% gov't paper. Trying computing our debt service today at that rate.

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REPLY

MESSAGE THREAD

Repudiating the National Debt - ummmm MU - 10/15 09:45:03

That is such a cluelessly stupid argument. - GA Tiger MU - 10/15 10:48:32

RE: That is such a cluelessly stupid argument. - ummmm MU - 10/15 10:52:32

1)Mainly because most of them voted in the crew that - GA Tiger MU - 10/15 10:58:16

RE: 1)Mainly because most of them voted in the crew that - ummmm MU - 10/15 11:07:01

There's nothing in that article that I agree with - tigerdb MU - 10/15 10:40:07

Yeah, but in particular, what do you disagree with - ummmm MU - 10/15 10:43:54

45 - tigerdb MU - 10/15 10:31:02

In particular, what do you disagree with in the four - ummmm MU - 10/15 10:35:49

Nice read - tcat UMKC - 10/15 10:05:54

He's saying that you need to recognize the national debt - ummmm MU - 10/15 10:14:05

he's saying default on the national debt - Ferg STL - 10/15 10:13:17

Destroy the economy? What a cartoonish way to look at it. - ummmm MU - 10/15 10:17:19

What do you think would happen to the stock market in your - tigerdb MU - 10/15 10:36:42

As far as eating and fueling my car, I would intend on using - ummmm MU - 10/15 10:41:54

How would you get them? - tigerdb MU - 10/15 10:44:57

From a grocery store and a gas station, most likely. - ummmm MU - 10/15 10:49:57

Why do you think the grocery store would still be there? - tigerdb MU - 10/15 10:56:03

Because people like food, and because the production - ummmm MU - 10/15 11:00:06

How does food get to the grocery store? - tigerdb MU - 10/15 11:07:14

RE: How does food get to the grocery store? - ummmm MU - 10/15 11:10:05

So, someone with tools just went out and built a road? - tigerdb MU - 10/15 11:14:24

Yes, that's how roads are built - ummmm MU - 10/15 11:16:54

The government created the right to build those roads. - tigerdb MU - 10/15 11:20:53

Created the right to build those roads? What on earth - ummmm MU - 10/15 11:23:36

Ever hear of EASEMENTS? Where do you think roadways are - tigerdb MU - 10/15 11:29:10

Lol - pickle MU

- 10/15 11:31:55

It always comes back to roads. - ummmm MU - 10/15 11:32:45

Ohhh, you meant to say that the govt created a system - ummmm MU - 10/15 11:31:41

Are you truly this dense? - tigerdb MU - 10/15 11:37:38

We're not even debating the current govt. framework - ummmm MU - 10/15 11:40:03

You asked, "who said the easements would cease to exist" - tigerdb MU - 10/15 11:43:53

POOF! - pickle MU

- 10/15 11:50:57

It really IS - tigerdb MU - 10/15 11:54:48

I'm sorry - pickle MU

- 10/15 11:57:36

Have you looked in the mirror (in your mother's basement)? - tigerdb MU - 10/15 12:02:49

You haven't shown knowledge of anything here - pickle MU

- 10/15 12:33:37

I've shown knowledge of who owns the land underneath - tigerdb MU - 10/15 12:58:06

That was easily the least important thing being discussed - ummmm MU - 10/15 13:15:17

No dumb**** - tigerdb MU - 10/15 13:27:36

Private companies can obtain an easement over another - ummmm MU - 10/15 11:45:38

AGAIN - they CAN, but what happens if the land owner doesn't - tigerdb MU - 10/15 11:47:48

Then you build your road somewhere else. - ummmm MU - 10/15 11:48:57

Purchase or lease agreements - pickle MU

- 10/15 11:33:25

WTF are you talking about? - tigerdb MU - 10/15 11:41:30

You should take a step back - pickle MU

- 10/15 11:43:16

Roads, food, gasoline would not exist but for the US govt's - ummmm MU - 10/15 11:44:32

Pickle is saying that private road companies - ummmm MU - 10/15 11:42:16

Not if the land owner doesn't want to sell/lease - tigerdb MU - 10/15 11:45:23

Great. That is the landowner's right. - ummmm MU - 10/15 11:46:31

Because it might be difficult to construct a roadway - tigerdb MU - 10/15 11:49:30

RE: Because it might be difficult to construct a roadway - ummmm MU - 10/15 11:50:37

There would be a massive correction and finally some - ummmm MU - 10/15 10:41:31

"decent price discocery"? Wtf are you talking about, - tigerdb MU - 10/15 11:02:49

You're asking what would happen to the stock market - ummmm MU - 10/15 11:05:35

I'm saying that in spite of the current regulations, - tigerdb MU - 10/15 11:12:37

No, that's what I am saying. - ummmm MU - 10/15 11:15:18

No - it didn't, once again, you're displaying naivete - tigerdb MU - 10/15 11:24:37

No, no, you said that you don't want to invest in - ummmm MU - 10/15 11:26:59

RE: What do you think would happen to the stock market in your - pickle MU

- 10/15 10:41:18

Welcome to the Dow 100 (and I'm not talking about the - tigerdb MU - 10/15 10:59:30

It would be Dow natural - ummmm MU - 10/15 11:00:57

You have no concept of economics - tigerdb MU - 10/15 11:09:14

Again, are you mis-reading what I am saying? - ummmm MU - 10/15 11:13:40

yes, destroy the economy is an understatement. However, - Ferg STL - 10/15 10:26:52

Again, "destroy the economy" is a cartoonish way to look at - ummmm MU - 10/15 10:40:02

I think you're as naive as the author... - tigerdb MU - 10/15 10:43:35

You must be misreading my posts. - ummmm MU - 10/15 10:48:11

You call it a correction - it would be a depression. - tigerdb MU - 10/15 10:57:25

Yes, corrections manifest as recessions - ummmm MU - 10/15 11:03:44

Truth - I don't see how someone could be SO simple-minded - tigerdb MU - 10/15 10:33:51

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