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View Diary: China Cuts US Credit Rating. Obama Cuts Hawaii Vacation Short. (171 comments)

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  •  Are you a completly out to lunch or what? (0+ / 0-)

    The one thing you seem obsessed with is gold and paulism, both of which I find ridiculous positions. One would have to be illiterate to read some latent desire for a return to the gold standard from any of my writings on this site or any other site. I have stated repeatedly that abandonment of the gold standard was the re-institution of monetary sovereignty, and was one of the most important and positive economic developments of the 20th century, but we haven't quite figured that out yet. That's why we modernized the monetary system and nothing changed but the actors. You clearly have no understanding the arguments I have made or of the US monetary system and its interplay with fiscal policy. Go study some MMT and get you head out of Ron Paul and his idiocy.

    •  Yep (0+ / 0-)

      You cannot, and will not, provide any explanation as to why that's a bad thing, and you cannot argue against why a US government backed bond is not the safest investment in the world.

      [Terrorists] are a dime a dozen, they are all over the world and for every one we lock up there will be three to take his place. --Digby

      by rabel on Wed Dec 26, 2012 at 08:10:33 PM PST

      [ Parent ]

      •  I never said what you claim - you did! (0+ / 0-)
        You cannot, and will not, provide any explanation as to why that's a bad thing, and you cannot argue against why a US government backed bond is not the safest investment in the world.
        Since I never made such a statement I have no reason to defend it. That was all your inability to comprehend plain language. But no matter, I respect your intellectual limitations. If that's how you choose to perceive the world, have at it. I hope it serves you well.
        •  Yep (0+ / 0-)
          Isn't it nice of us to provide the wealthy with not just a safe place to store their money, but one that guarantees payment of interest in addition to the elimination of risk. Where is it, exactly, that you find this accord in the social contract or the constitution?
          You cannot, and will not, provide any explanation as to why that's a bad thing, and you cannot argue against why a US government backed bond is not the safest investment in the world.

          You sir, are a joke.

          [Terrorists] are a dime a dozen, they are all over the world and for every one we lock up there will be three to take his place. --Digby

          by rabel on Thu Dec 27, 2012 at 09:03:43 AM PST

          [ Parent ]

          •  I asked a very specific question which you quote (0+ / 0-)

            but don't bother addressing. Obviously, you believe that it is a good thing for the people to pay financial elites to store their money risk free for them. I think it is a foolish thing for us to do for reasons I have already stated and that are self evident from my statement. As for your personal insults, I consider the source and laugh at the clown acting the fool. But now I have gown weary of your sad attentions so I bid you farewell.

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