ot economics, bad...

[Joe Gwinn]

On Wed, 20 Jul 2022 15:47:05 -0400, Phil Hobbs
<pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregar
d-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130
720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-
gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

And therefore make folks with savings pay for all of it.


Isn\'t raising interest rates the correct solution?



As far as I know nobody has tried to unwind a mess like this since maybe
the South Sea Bubble. With most developed nations\' sovereign and
near-sovereign debt at or above GDP, a 3% increase in government bond
rates very rapidly starts to cost >3% of GDP.

Raising taxes or cutting spending by that amount would be far too
painful for our current nearly-completely gormless governments, so the
result would be more money printing, which leads to what happened to
Germany in 1923.

Seizing all private retirement savings would just about pay off the
national debt, last time I checked.

It has been done in South America for one, but not yet in the US.

Joe Gwinn

 

[Phil Hobbs]

Joe Gwinn wrote:

On Wed, 20 Jul 2022 15:47:05 -0400, Phil Hobbs
pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregar
d-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130
720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-
gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

And therefore make folks with savings pay for all of it.


Isn\'t raising interest rates the correct solution?



As far as I know nobody has tried to unwind a mess like this since maybe
the South Sea Bubble. With most developed nations\' sovereign and
near-sovereign debt at or above GDP, a 3% increase in government bond
rates very rapidly starts to cost >3% of GDP.

Raising taxes or cutting spending by that amount would be far too
painful for our current nearly-completely gormless governments, so the
result would be more money printing, which leads to what happened to
Germany in 1923.

Seizing all private retirement savings would just about pay off the
national debt, last time I checked.

It has been done in South America for one, but not yet in the US.

Joe Gwinn

It turns out that you can grow banana palms in Connecticut, though you
don\'t get any fruit. Stay tuned.

Cheers

Phil Hobbs

 

[bitrex]

On 7/20/2022 7:08 PM, Phil Hobbs wrote:

John Larkin wrote:
On Wed, 20 Jul 2022 18:27:51 -0400, bitrex <user@example.net> wrote:

On 7/20/2022 4:18 PM, John Larkin wrote:
On Wed, 20 Jul 2022 14:25:12 -0400, bitrex <user@example.net> wrote:

On 7/20/2022 1:19 PM, John Larkin wrote:
On Wed, 20 Jul 2022 16:50:08 -0000 (UTC), Mike Monett
spamme@not.com
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700,
jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregar

d-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130

720879.html

I don\'t understand the concept that raising interest rates
counters
inflation. Maybe that\'s an economics myth. Rising interest
rates *are*
inflation.

The Chinese and US issues are both driven by political
stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-

gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

And therefore make folks with savings pay for all of it.

Cheers

Phil Hobbs

Isn\'t raising interest rates the correct solution?

I would think that increasing productivity is the way to make people
better off, but I\'m old fashioned that way.


I\'m old-fashioned also I miss the days when how much of a man you were
was largely based on how many women you slept with,

No, that is a measure of how shallow and juvenile you are.

Has anyone told Elon Musk?

And indicates how many STDs you probably have.


Ever notice how there are people who are against vaccines because they
claim catching various bugs makes their natural immunity \"stronger\", but

No, never noticed anyone saying that. There is an argument that excess
cleanliness in childhood creates allergies.

I\'ve never heard of anyone saying they\'re going to try training their
immune system to get stronger by getting chlamydia. Weird huh.

Nah, even one of your guys got it:

https://www.youtube.com/watch?v=X29lF43mUlo

Cheers

Phil Hobbs

A million Americans died many of whom would very likely still be alive
today, meanwhile there are usersh ere (not that their concerns are
particularly unusual) who seem very preoccupied about what sports teams
transsexuals play on and what bathrooms they use, among other reasons I
expect because it\'s somehow a \"safety issue.\"

And back in \'86 our fearless originalist Samuel Alito helped write a
opinion that employers could legally fire AIDS victims because of a
“fear of contagion, whether reasonable or not.\" It just made good
business sense was what he was saying, Constitution-schmonstitution.

So, Carlin was a comedian and was hyperbolic for effect a lot, but he
wasn\'t entirely wrong by a long shot there are a lot of bizarre
neurotics and petty tyrants around here in the good ol\' USA, emphasis on
the \"petty.\"

Hard to say exactly what he\'d have to say about the current situation
but I expect he\'d have called conspiratorial anti-vaxxers the fools that
they are, not much different than the hippies worried that their house
wiring was giving them cancer in the 1990s. It\'s kinda weird how those
two demographics horse-shoed together so well but here we are.

But it\'s true Carlin did know that behind the glitz and promises of
America you\'ll find mostly bullshit, and he treated the \"moral
majority\", holy rollers, and Communists-under-every-bed set with about
the amount of respect and consideration they deserve, i.e. not much.

 

[rbowman]

On 07/20/2022 08:19 AM, jlarkin@highlandsniptechnology.com wrote:

On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregard-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

Positive feedback, love it.

 

[rbowman]

On 07/20/2022 11:19 AM, John Larkin wrote:

On Wed, 20 Jul 2022 16:50:08 -0000 (UTC), Mike Monett <spamme@not.com
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregar
d-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130
720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-
gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

And therefore make folks with savings pay for all of it.

Cheers

Phil Hobbs

Isn\'t raising interest rates the correct solution?

I would think that increasing productivity is the way to make people
better off, but I\'m old fashioned that way.

Then you have to increase consumption to keep the capitalism ball rolling.

 

[whit3rd]

On Monday, July 18, 2022 at 6:59:31 AM UTC-7, jla...@highlandsniptechnology.com wrote:

Economists have no clue about causalities, but that dosen\'t stop them
from wanting to manage things a trillion dollars at a time.

Of course they \'want to manage\' anything and everything at the trillion dollar scale!
You can keep an untrained gerbil, but not a mastiff

 

[server]

On Wed, 20 Jul 2022 22:31:23 -0600, rbowman <bowman@montana.com>
wrote:

On 07/20/2022 11:19 AM, John Larkin wrote:
On Wed, 20 Jul 2022 16:50:08 -0000 (UTC), Mike Monett <spamme@not.com
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregar
d-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130
720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-
gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.

And therefore make folks with savings pay for all of it.

Cheers

Phil Hobbs

Isn\'t raising interest rates the correct solution?

I would think that increasing productivity is the way to make people
better off, but I\'m old fashioned that way.

Then you have to increase consumption to keep the capitalism ball rolling.

Biden did that by sending people checks. It was inflationary.

Another economics blunder is assuming that increasing consumption is a
good thing to do.

 

[server]

On Wed, 20 Jul 2022 22:28:39 -0600, rbowman <bowman@montana.com>
wrote:

On 07/20/2022 08:19 AM, jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregard-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.


Positive feedback, love it.

Please don\'t use complex terms like \"positive feedback.\" It will
confuse politicians and economists.

 

[Mike Monett]

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

As far as I know nobody has tried to unwind a mess like this since maybe
the South Sea Bubble. With most developed nations\' sovereign and
near-sovereign debt at or above GDP, a 3% increase in government bond
rates very rapidly starts to cost >3% of GDP.

Raising taxes or cutting spending by that amount would be far too
painful for our current nearly-completely gormless governments, so the
result would be more money printing, which leads to what happened to
Germany in 1923.

Seizing all private retirement savings would just about pay off the
national debt, last time I checked.

Cheers

Phil Hobbs

Turkey is a disaster. Their economy is in ruins, they are running out of
money, and Erdogan promises to keep it that way.

Background

The most prevalent form of Islam practiced in Turkey is Sunni Islam,
another departure from neighboring countries where most people
adhere to Shia Islam.

https://www.worldnomads.com/travel-safety/middle-east/turkey/how-strict-is-
islam-in-turkey

A Muslim is not allowed to benefit from lending money or receiving
money from someone. This means that earning interest (riba) is not
allowed - whether you are an individual or a bank. To comply with
these rules, interest is not paid on Islamic savings or current
accounts, or charged on Islamic mortgages.

https://www.theguardian.com/money/2013/oct/29/islamic-finance-sharia-
compliant-money-interest

Erdogan is Muslim. He believes in low interest rates

Turkey\'s inflation for the month of May rose by an eye-watering
73.5% year on year, its highest in 23 years, as the country grapples
with soaring food and energy costs and President Recep Tayyip
Erdogan\'s long-running unorthodox strategy on monetary policy.

Turkey has enjoyed rapid growth for years, but Erdogan has for years
refused to meaningfully raise rates to cool the resulting inflation,
describing himself as a sworn enemy of interest rates. The result
has been a plummeting Turkish lira and far less spending power for
the average Turk.

Erdogan instructed the country\'s central bank - which analysts say
has no independence from him - to repeatedly slash borrowing rates
last year even as inflation continued to rise. Central bank chiefs
who expressed opposition to this course of action were fired; by the
spring of 2021, Turkey\'s central bank had seen four different
governors in two years.

https://www.cnbc.com/2022/06/03/turkeys-inflation-soars-to-73percent-as-
food-and-energy-costs-skyrocket.html

Erdogan Destroys The Country

Investors have fled Turkey in recent years and the currency is by
far the worst performer in emerging markets.

They say Erdogan - who has long described himself as an enemy of
interest rates - has swayed monetary policy with his frequent calls
for stimulus and his rapid overhaul of the central bank\'s
leadership.

A day before a central bank policy meeting at which it is expected
to ease again, the president repeated his unorthodox view that
higher rates were the cause of inflation and questioned why some of
our \"friends\" defended tight policy.

\"We will lift this scourge of interest rates from people\'s backs. We
certainly cannot allow our people to be crushed by interest rates,\"
he told lawmakers from his ruling conservative AK Party in
parliament.

\"I cannot and will not stand on this path with those who defend
interest rates,\" Erdogan said.

https://www.cnbc.com/2021/11/17/turkeys-erdogan-says-continuing-his-battle-
against-interest-rates.html

Turkey unveils scheme to bring gold savings at home into banking system
12.02.2022

Turkey Saturday announced a new plan to encourage people to bring
their \"under-the-mattress\" gold into the banking system.

Under a tradition of turning to gold to safeguard wealth by storing
it at home, Turkiye\'s government estimates the presence of around
5,000 tons of gold savings at home worth $250-350 billion.

Touting the plan in Istanbul, Treasury and Finance Minister Nureddin
Nebati told reporters that gold conversion bank accounts offer the
public risk-free incomes.

People can safely and easily move their gold holdings to the
financial system through jewelers and banks, with 10,000 jewelers
joining the effort by the end of this year, he added.

The gold put into the financial system under the new plan can be
taken back if requested, he also said.

https://www.aa.com.tr/en/economy/turkiye-unveils-scheme-to-bring-gold-
savings-at-home-into-banking-system/2500891

The scheme doesn\'t seem to be working well. Nobody trusts the government,
especially to give them all your money.

NATO is trying to find a way to remove Turkey for snuggling up with Russia.
This is a problem because there is no way to do this in the rules.




--
MRM

 

[Clifford Heath]

On 21/7/22 20:55, jlarkin@highlandsniptechnology.com wrote:

On Wed, 20 Jul 2022 22:28:39 -0600, rbowman <bowman@montana.com
wrote:

On 07/20/2022 08:19 AM, jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregard-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.


Positive feedback, love it.

Please don\'t use complex terms like \"positive feedback.\" It will
confuse politicians and economists.

Whooosh. That proposal has been tried, and every single time it has only
produced hyperinflation. Just as you would expect.

It\'s only a \"good idea\" to folk who are rich in assets that inflate,
because it pushes everyone else down.

It\'s the short path to complete social collapse.

 

[Phil Hobbs]

Clifford Heath wrote:

On 21/7/22 20:55, jlarkin@highlandsniptechnology.com wrote:
On Wed, 20 Jul 2022 22:28:39 -0600, rbowman <bowman@montana.com
wrote:

On 07/20/2022 08:19 AM, jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregard-protesters-storming-banks-for-cash/


https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130720879.html


I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-gives-employees-inflation-matched-pay-rise/


Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.


Positive feedback, love it.

Please don\'t use complex terms like \"positive feedback.\" It will
confuse politicians and economists.

Whooosh. That proposal has been tried, and every single time it has only
produced hyperinflation. Just as you would expect.

It\'s only a \"good idea\" to folk who are rich in assets that inflate,
because it pushes everyone else down.

It\'s the short path to complete social collapse.

I suppose that in 2022 everybody has to use a smiley every time they say
something ironically.

Cheers

Phil Hobbs

 

[Phil Hobbs]

Mike Monett wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

As far as I know nobody has tried to unwind a mess like this since maybe
the South Sea Bubble. With most developed nations\' sovereign and
near-sovereign debt at or above GDP, a 3% increase in government bond
rates very rapidly starts to cost >3% of GDP.

Raising taxes or cutting spending by that amount would be far too
painful for our current nearly-completely gormless governments, so the
result would be more money printing, which leads to what happened to
Germany in 1923.

Seizing all private retirement savings would just about pay off the
national debt, last time I checked.

Cheers

Phil Hobbs

Turkey is a disaster. Their economy is in ruins, they are running out of
money, and Erdogan promises to keep it that way.

Background

The most prevalent form of Islam practiced in Turkey is Sunni Islam,
another departure from neighboring countries where most people
adhere to Shia Islam.

https://www.worldnomads.com/travel-safety/middle-east/turkey/how-strict-is-
islam-in-turkey

A Muslim is not allowed to benefit from lending money or receiving
money from someone. This means that earning interest (riba) is not
allowed - whether you are an individual or a bank. To comply with
these rules, interest is not paid on Islamic savings or current
accounts, or charged on Islamic mortgages.

https://www.theguardian.com/money/2013/oct/29/islamic-finance-sharia-
compliant-money-interest

Erdogan is Muslim. He believes in low interest rates

Turkey\'s inflation for the month of May rose by an eye-watering
73.5% year on year, its highest in 23 years, as the country grapples
with soaring food and energy costs and President Recep Tayyip
Erdogan\'s long-running unorthodox strategy on monetary policy.

Turkey has enjoyed rapid growth for years, but Erdogan has for years
refused to meaningfully raise rates to cool the resulting inflation,
describing himself as a sworn enemy of interest rates. The result
has been a plummeting Turkish lira and far less spending power for
the average Turk.

Erdogan instructed the country\'s central bank - which analysts say
has no independence from him - to repeatedly slash borrowing rates
last year even as inflation continued to rise. Central bank chiefs
who expressed opposition to this course of action were fired; by the
spring of 2021, Turkey\'s central bank had seen four different
governors in two years.

https://www.cnbc.com/2022/06/03/turkeys-inflation-soars-to-73percent-as-
food-and-energy-costs-skyrocket.html

Erdogan Destroys The Country

Investors have fled Turkey in recent years and the currency is by
far the worst performer in emerging markets.

They say Erdogan - who has long described himself as an enemy of
interest rates - has swayed monetary policy with his frequent calls
for stimulus and his rapid overhaul of the central bank\'s
leadership.

A day before a central bank policy meeting at which it is expected
to ease again, the president repeated his unorthodox view that
higher rates were the cause of inflation and questioned why some of
our \"friends\" defended tight policy.

\"We will lift this scourge of interest rates from people\'s backs. We
certainly cannot allow our people to be crushed by interest rates,\"
he told lawmakers from his ruling conservative AK Party in
parliament.

\"I cannot and will not stand on this path with those who defend
interest rates,\" Erdogan said.

https://www.cnbc.com/2021/11/17/turkeys-erdogan-says-continuing-his-battle-
against-interest-rates.html

Turkey unveils scheme to bring gold savings at home into banking system
12.02.2022

Turkey Saturday announced a new plan to encourage people to bring
their \"under-the-mattress\" gold into the banking system.

Under a tradition of turning to gold to safeguard wealth by storing
it at home, Turkiye\'s government estimates the presence of around
5,000 tons of gold savings at home worth $250-350 billion.

Touting the plan in Istanbul, Treasury and Finance Minister Nureddin
Nebati told reporters that gold conversion bank accounts offer the
public risk-free incomes.

People can safely and easily move their gold holdings to the
financial system through jewelers and banks, with 10,000 jewelers
joining the effort by the end of this year, he added.

The gold put into the financial system under the new plan can be
taken back if requested, he also said.

https://www.aa.com.tr/en/economy/turkiye-unveils-scheme-to-bring-gold-
savings-at-home-into-banking-system/2500891

The scheme doesn\'t seem to be working well. Nobody trusts the government,
especially to give them all your money.

NATO is trying to find a way to remove Turkey for snuggling up with Russia.
This is a problem because there is no way to do this in the rules.

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

 

[rbowman]

On 07/21/2022 04:52 AM, jlarkin@highlandsniptechnology.com wrote:

Another economics blunder is assuming that increasing consumption is a
good thing to do.

It\'s essential to capitalism, not implying capitalism isn\'t an economic
blunder.

 

[rbowman]

On 07/21/2022 04:55 AM, jlarkin@highlandsniptechnology.com wrote:

On Wed, 20 Jul 2022 22:28:39 -0600, rbowman <bowman@montana.com
wrote:

On 07/20/2022 08:19 AM, jlarkin@highlandsniptechnology.com wrote:
On Thu, 14 Jul 2022 07:59:23 -0700, jlarkin@highlandsniptechnology.com
wrote:




https://www.breitbart.com/asia/2022/07/14/china-urges-world-to-disregard-protesters-storming-banks-for-cash/

https://ca.finance.yahoo.com/news/bonds-slump-inflation-surge-fuels-130720879.html

I don\'t understand the concept that raising interest rates counters
inflation. Maybe that\'s an economics myth. Rising interest rates *are*
inflation.

The Chinese and US issues are both driven by political stupidity and
corruption.




This is a wonderful concept:

https://www.breitbart.com/politics/2022/07/20/against-its-own-advice-eu-gives-employees-inflation-matched-pay-rise/

Adapt to inflation by increasing everyone\'s salary at the rate of
inflation.


Positive feedback, love it.

Please don\'t use complex terms like \"positive feedback.\" It will
confuse politicians and economists.

Maybe a film of the Tacoma Narrows Bridge collapse but they wouldn\'t get
the metaphor either.

 

[Mike Monett]

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct solution.

(And Banking is one of the top 10 problems!)


--
MRM

 

[Phil Hobbs]

Mike Monett wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct solution.

(And Banking is one of the top 10 problems!)

Except for the aforementioned sovereign debt problem, which is sitting
there like a bear trap.

Cheers

Phil Hobbs

 

[Mike Monett]

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct
solution.

Except for the aforementioned sovereign debt problem, which is sitting
there like a bear trap.

Cheers

Phil Hobbs

And that is precisely where Turkey is headed. That\'s why they want to steal
private gold. Because their economy is wrecked since they won\'t increase
interest rates.


--
MRM

 

[server]

On Fri, 22 Jul 2022 13:55:07 -0000 (UTC), Mike Monett <spamme@not.com>
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct
solution.

Except for the aforementioned sovereign debt problem, which is sitting
there like a bear trap.

Cheers

Phil Hobbs

And that is precisely where Turkey is headed. That\'s why they want to steal
private gold. Because their economy is wrecked since they won\'t increase
interest rates.

No government should control interest rates. They should be set by a
supply-and-demand microeconomic market, like apples and paper clips.

When a government controls money supply and public spending and
interest rates, expect troubles.

 

[rbowman]

On 07/22/2022 09:47 AM, jlarkin@highlandsniptechnology.com wrote:

On Fri, 22 Jul 2022 13:55:07 -0000 (UTC), Mike Monett <spamme@not.com
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct
solution.

Except for the aforementioned sovereign debt problem, which is sitting
there like a bear trap.

Cheers

Phil Hobbs

And that is precisely where Turkey is headed. That\'s why they want to steal
private gold. Because their economy is wrecked since they won\'t increase
interest rates.


No government should control interest rates. They should be set by a
supply-and-demand microeconomic market, like apples and paper clips.

When a government controls money supply and public spending and
interest rates, expect troubles.

If you look at the roots of central banks like the Bank of England or
the Second Bank of the United States you usually find a government
living beyond its means.

 

[John Larkin]

On Fri, 22 Jul 2022 14:40:23 -0600, rbowman <bowman@montana.com>
wrote:

On 07/22/2022 09:47 AM, jlarkin@highlandsniptechnology.com wrote:
On Fri, 22 Jul 2022 13:55:07 -0000 (UTC), Mike Monett <spamme@not.com
wrote:

Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:
Phil Hobbs <pcdhSpamMeSenseless@electrooptical.net> wrote:

Mike Monett wrote:

Isn\'t raising interest rates the correct solution?

[...]

Yeah, Islam has a lot of problems. Banking is not in the top 10,
unfortunately.

Cheers

Phil Hobbs

But I think this proves that raising interest rates is the correct
solution.

Except for the aforementioned sovereign debt problem, which is sitting
there like a bear trap.

Cheers

Phil Hobbs

And that is precisely where Turkey is headed. That\'s why they want to steal
private gold. Because their economy is wrecked since they won\'t increase
interest rates.


No government should control interest rates. They should be set by a
supply-and-demand microeconomic market, like apples and paper clips.

When a government controls money supply and public spending and
interest rates, expect troubles.


If you look at the roots of central banks like the Bank of England or
the Second Bank of the United States you usually find a government
living beyond its means.

Usually?