Results 1 to 9 of 9

Thread: Hillary Goes Off The Deep End !

  1. #1
    Banned Eric Stoner's Avatar
    Joined
    Oct 2006
    Location
    NYC
    Posts
    5,150
    Thanks
    1,261
    Thanked 1,430 Times in 888 Posts

    Default Hillary Goes Off The Deep End !

    HillBillary's latest economic proposal is a doozy. She demonized Chinese and OPEC ownership of our foreign debt and proposed limiting their purchases of Treasury notes, bills and bonds.
    First of all, the largest holders of U.S. Gov't securities are Japan and Great Britain. China currently holds about $500 billion worth. OPEC about $200 billion. The largest foreign investor in the U.S. is Japan. The total worth of the U.S. is currently valued at $64 TRILLION meaning China holds less than 1/2 of 1 % of our total worth.More importantly, it means we "own" them, not the other way around. It's like when you owe a million dollars to a bank, they "own" you. If you owe a billion, YOU "own" the bank. It means that in practical terms China and OPEC have a vested interest in a healthy American economy and a strong dollar. The LAST thing they want is to be paid back in devalued dollars.

    Assuming she's serious ( and with her ignorance of basic economics, monetary policy and willingness to say anything to anyone; it's possible she is ) this would be an economic disaster. Limiting sale of our debt to only "friendly" nations will drive up interest rates by radically constricting the market.

    Rubin and the rest of her Wall St. supporters, after regaining consciousness, will either have a long talk with Hillary or give Richardson a long hard look as someone to support instead.

    What was she thinking ?

  2. #2
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Hillary Goes Off The Deep End !

    Assuming she's serious ( and with her ignorance of basic economics, monetary policy and willingness to say anything to anyone; it's possible she is ) this would be an economic disaster. Limiting sale of our debt to only "friendly" nations will drive up interest rates by radically constricting the market.
    Now I'm definitely going to vote for Hilary ! If this happens, my gold bars will appreciate faster than California beachfront property bought the year Bill Clinton first became president !

  3. #3
    Banned Eric Stoner's Avatar
    Joined
    Oct 2006
    Location
    NYC
    Posts
    5,150
    Thanks
    1,261
    Thanked 1,430 Times in 888 Posts

    Default Re: Hillary Goes Off The Deep End !

    MELONIE- you are right. Isn't it odd that socialists like HillBillary never seem to be worried about the inflationary consequences of their policies ? We had Democratic Congresses in the 70's that PROMOTED inflation to both drive bracket creep and so that past debt was devalued i.e. was paid back in dollars worth a fraction of their original worth when the gov't bonds were originally sold. Does Hillary SERIOUSLY want to go back to the Carter days and the "misery index" ?

  4. #4
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Hillary Goes Off The Deep End !

    ^^^ the root of the problem is that the 'misery' isn't equally distributed ! For heavily indebted homeowners who 'owe more than they are worth', a 10% plus inflation rate would increase the 'apparent' size of their paychecks by 10% and make their monthly mortgage and credit card payments easier to meet. Of course, they probably won't 'connect the dots' and realize that a 10% dollar increase in their gross pay will translate into a 15% increase in their income tax rate the following year ! Even so, it means that they get to keep their house, their cars etc. by avoiding a forced bankruptcy filing.

    for the 'poor', a 10% inflation rate means a 10% increase in the size of their welfare checks, their rent and utility subsidies, their food stamps etc. so they really won't see any change.

    For the 'rich' a 10% plus inflation rate probably means a 12% return on their tax free municipal bonds, a 15% appreciation in the value of their offshore investments in US dollar terms, and no change in their capital gains tax rate.

    it's really only the 'middle class', who are trying to save money but who will see 10% of the purchasing power value of their savings and retirement accounts go *poof*, whose income tax rates are going to go up 15% in response to a 10% dollar increase in their salary, and who will lose tax deductions to the Alternative Minimum Tax causing their taxes to increase even more, who will really get hurt immediately by a high inflation rate.

  5. #5
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Hillary Goes Off The Deep End !

    But what if the size of the paychecks don't increase with inflation, as has been the trend these last few years? The lower-middle class will be fucked, once again, as usual.

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

  6. #6
    Veteran Member xBlackBettyx's Avatar
    Joined
    Jan 2007
    Location
    Indianapolis, Indiana
    Posts
    476
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Hillary Goes Off The Deep End !

    She's been off the deep end.
    Aequitas Veritas
    Poster Formerly Known as MulattoKittyn


  7. #7
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Hillary Goes Off The Deep End !

    But what if the size of the paychecks don't increase with inflation, as has been the trend these last few years? The lower-middle class will be fucked, once again, as usual.
    Absolutely ... but it remains to be seen whether or not they connect the dots and realize the true cause of their f#%k job !

    From the point of view of winning elections, if you add up the votes of the 'poor' whose monthly benefit checks will increase, the votes of the 'rich' whose tax free interest earnings on muni bonds will increase, and union workers (both public and private sector) whose paychecks are guaranteed to increase, you've probably got more than 51% of the electorate covered !

  8. #8
    Banned ArmySGT.'s Avatar
    Joined
    May 2005
    Location
    SW Counter Troll HQ
    Posts
    5,582
    Thanks
    1,589
    Thanked 1,674 Times in 1,043 Posts
    Blog Entries
    13
    My Mood
    Amused

    Default Re: Hillary Goes Off The Deep End !

    The Democracy is doomed when the People discover they can vote themselves a portion of the Treasury............... Say have you tried the Bread? Their just giving it away! Vandals? My word they do sound awful.......

  9. #9
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Hillary Goes Off The Deep End !

    ^^^ don't forget the Circus ... public executions are no longer permitted, so we get a Scooter Libby conviction instead ! Hey, at least it deflected media attention away from Hilary and Obama !

Similar Threads

  1. Am I in too deep?
    By Everyman in forum Customer Conversation
    Replies: 28
    Last Post: 08-08-2009, 10:36 PM
  2. Hillary is at it again !
    By Eric Stoner in forum Member Boards
    Replies: 3
    Last Post: 05-07-2008, 04:37 PM
  3. Does Anyone Really LIKE Hillary ?
    By Eric Stoner in forum Member Boards
    Replies: 97
    Last Post: 12-27-2007, 08:50 AM
  4. do i look like hillary
    By hillari in forum Picture Post
    Replies: 22
    Last Post: 11-24-2004, 12:47 AM
  5. do i look like hillary
    By hillari in forum The Lounge
    Replies: 1
    Last Post: 11-16-2004, 03:32 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •