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Debt, defaults, and devaluations: why this market crash is like nothing we've seen before
The Telegraph ^ | 6 Feb 16 | Mehreen Khan,

Posted on 02/06/2016 6:42:17 AM PST by SkyPilot

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To: SkyPilot
"The crash will come, but it would be nice if it came two years from now"

Because then they can blame someone other than Obama?
41 posted on 02/06/2016 9:30:56 AM PST by Steve_Seattle ("Above all, shake your bum at Burton.")
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To: SkyPilot

I don’t think we have two years. When these guys say recession what they really mean is depression. Likely a deflationary depression. Its not going to be pleasant.


42 posted on 02/06/2016 9:47:15 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: skimbell; PIF
You're both wrong. New money is created the same way it has always been created since the Federal Reserve was founded. They create it through he credit markets by increasing the lending authority of banks.

No one is talking about physical dollar bills. Less than 0.6 percent of the dollars in existence are anything but numbers in bank ledgers.

New money is generated through export of things made

What?

43 posted on 02/06/2016 10:37:50 AM PST by SeeSharp
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To: SeeSharp

Well that’s how it used to be created before ... who ever gave you that distorted definition is flat out wrong. And yes new money is physical.

If you do not understand then you will forever reap the benefits of a weak and failing economy


44 posted on 02/06/2016 10:42:53 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: SeeSharp

Yeah, I choked on that also. Big difference between M1 and other measures subject to QE.


45 posted on 02/06/2016 10:46:46 AM PST by steve86 (Prophecies of Maelmhaedhoc OMorgair (Latin form: Malachy))
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To: PIF
And yes new money is physical.

So you believe the government bangs out paper dollars on the printing press, then runs around spending them? They haven't done that since the Lincoln administration. What would be the point? It would all just ends up on bank ledgers anyway.

The Fed creates new money through various means, all of which have the effect of increasing the lending authority of banks. The new money comes into the economy as loans. Have you ever borrowed money from a bank and had them hand you cash?

46 posted on 02/06/2016 12:08:14 PM PST by SeeSharp
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To: cassiusking

Put down your crack pipe.


47 posted on 02/06/2016 12:16:56 PM PST by zek157
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To: SeeSharp

No you misunderstand. Has nothing to do with printing presses - that’s your thing along with the credit business.

Glad you believe so strongly in the Federal government creating money, but again that has nothing to do with new money. That idea must be something you were taught in business school or the like.

Like the other guy said it is about creating wealth where none existed before, and receiving real physical wealth that did not exist. We are not talking about credit which is just a promise with someone else’s money.

Cash from a bank is not new money - new to you, but not new to the economy of the country.

Again: new money is something created by a person from raw materials, sold to someone else in some other country, and the money that comes back is new money.


48 posted on 02/06/2016 12:17:24 PM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: zek157

I have two family members who developed cannabis psychosis. They became delusional, hostile, and reclusive. This was within months of starting heavy use and it stunned all that knew them.

This is how it affects some people.


49 posted on 02/06/2016 2:35:30 PM PST by cassiusking
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To: cassiusking
I have two family members who developed cannabis psychosis. They became delusional, hostile, and reclusive. This was within months of starting heavy use

Heavy use of the mind-altering drug alcohol will screw one up too - doesn't mean it should be banned.

50 posted on 02/07/2016 8:18:35 AM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: ConservingFreedom

The problem is Medical Marijuana is now Big Business and no one is monitoring or educating users about warning signs. We all know the hazards of drinking but nothing is being done to warn people flooding into Legal Marijuana stores. They should be warned that 10-15% will become cannabis psychotic - hostile, withdrawn, loss of motivation, false memory, anxiety ,paranoia...

http://cannabisandpsychosis.ca/more-information/what-do-we-know/psychosis/what-is-psychosis/


51 posted on 02/07/2016 8:45:16 AM PST by cassiusking
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To: cassiusking
The problem is Medical Marijuana is now Big Business and no one is monitoring or educating users about warning signs.

Every medical-marijuana state but (for the time being) California requires a bona fide medical recommendation.

52 posted on 02/07/2016 8:55:39 AM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: cassiusking

From your site:

“Given the extensive evidence it is relatively safe to say that cannabis use is not a necessary cause for psychosis as the statistics have failed to show that all adults with psychosis related illnesses used cannabis as a young person and nor is it a sufficient cause- as the majority of adolescent users did not develop psychosis in adulthood.”


53 posted on 02/07/2016 8:59:33 AM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: ConservingFreedom

That is what ruined our family - they get a certificate from some lefty pothead MD and they think it is harmless and going to help. They lose sleep, become paranoid, anxious, and hostile - so they smoke more because it is “medicine”. It is actually poisoning them.


54 posted on 02/07/2016 9:01:36 AM PST by cassiusking
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To: cassiusking
some lefty pothead MD and they think it is harmless

I doubt that the doctor was a pothead or that he told them it was harmless - many medications have risks and undesirable side effects.

55 posted on 02/07/2016 9:03:40 AM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: ConservingFreedom

So if the majority of cylinders in a revolver dont have a bullet, its OK to play Russian Roulette?

BTW, EVERYONE I know who is still smoking a pot as a mature adult is seriously screwed up and just shells of their former self.
They are listless, unmotivated, and have wasted their lives.


56 posted on 02/07/2016 9:04:34 AM PST by cassiusking
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To: ConservingFreedom

So if the majority of cylinders in a revolver dont have a bullet, its OK to play Russian Roulette?

BTW, EVERYONE I know who is still smoking a pot as a mature adult is seriously screwed up and just shells of their former self.
They are listless, unmotivated, and have wasted their lives.


57 posted on 02/07/2016 9:04:56 AM PST by cassiusking
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To: ConservingFreedom

In our case, the MD was an Eastern, Lefty, Feminazi pot pusher who graduated Harvard no less.


58 posted on 02/07/2016 9:07:49 AM PST by cassiusking
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To: cassiusking
From your site:

"Given the extensive evidence it is relatively safe to say that cannabis use is not a necessary cause for psychosis as the statistics have failed to show that all adults with psychosis related illnesses used cannabis as a young person and nor is it a sufficient cause- as the majority of adolescent users did not develop psychosis in adulthood."

So if the majority of cylinders in a revolver dont have a bullet, its OK to play Russian Roulette?

Adults must be free to choose what risks they assume. My choice is not to use any mind-altering drug - alcohol, pot, or anything else - but it's not my place to force that choice on others.

BTW, EVERYONE I know who is still smoking a pot as a mature adult is seriously screwed up and just shells of their former self. They are listless, unmotivated, and have wasted their lives.

Everyone you know is not a random sample so can't be extrapolated to the larger population. And you may very well know pot users whom you don't know to be pot users - because they've remained un-screwed-up and discreet.

59 posted on 02/07/2016 12:26:20 PM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: cassiusking
Eastern, Lefty, Feminazi

All irrelevant to the validity of her medical decisions.

pot pusher

How so - does she recommend pot for ailments for which there is no evidence of pot's helpfulness?

60 posted on 02/07/2016 12:28:49 PM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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