Saturday, October 10, 2009
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F U R L O N G C O L O N Y 1
A sporadic update of the important effects unfolding in Furlong Colony 1.
F U R L O N G C O L O N Y 1
A sporadic update of the important events unfolding in Furlong Colony 1.
The Furlactic Center
Snooky Wookumses:
Porter Types:
Life:
- Realpolitik (86)
- South Korea (71)
- Ministry of Silly Walks (28)
- Snooky Wookums (19)
- Raspberry Berets (18)
- Me Myself and Boris (17)
- Places I've Been (16)
- I'd Like to Buy an Argument (14)
- Bits and Pieces (11)
- Science (11)
- Sophistheads (10)
- Yes I Still Play Nintendo (8)
- Long Furs (7)
- I AM TECHNOLOGY (6)
- Live Free or Die (5)
- Munchkins Learning Engrish (5)
- Collectible Coins (4)
- Stupid Americans (4)
- Waterloo (4)
- Furlong Colony 1 Original (3)
- Me-Me (3)
- Movies are My Life (3)
- Photoshopped (3)
- Travel Stories (3)
- Gumi Bears (2)
- Happy Holidays (2)
- KimChi (2)
- Too Much Stuff (2)
- Boneheads (1)
- Cheezy Landmarks and Me (1)
- Our Walks (1)
- Photography (1)
- Porter Types (1)
- Realpolitiks (1)
- The Land of Shining Waters (1)
About Furlong Colony 1
1. My blog is a private website. Search engines like Google, Yahoo!, and MSN can not access this site, because I opted to keep Furlong Colony 1 private when I created it. It is only viewed by the people I send it to and the people they send it to.
2. Opinions expressed on this blog are merely opinions. Don't take them personal.
3. Any essays that appear on this website are third draft, and not intended to be of professional quality. If you find a mistake, please email me at cdfurlong@gmail.com so that I can correct it.
4. Any insults received on this website are merely Internet insults and should not be taken seriously. In the real world no one would use such language unless enraged. The Internet is a different world than the face-to-face world, and should be treated as such. :)
2. Opinions expressed on this blog are merely opinions. Don't take them personal.
3. Any essays that appear on this website are third draft, and not intended to be of professional quality. If you find a mistake, please email me at cdfurlong@gmail.com so that I can correct it.
4. Any insults received on this website are merely Internet insults and should not be taken seriously. In the real world no one would use such language unless enraged. The Internet is a different world than the face-to-face world, and should be treated as such. :)
5. Posts should be packed full of content. Therefore, if you post contentless, rhetorical posts, I will delete them.
Places I've Been
- Donghwasa Temple, Daegu, South Korea
- Gatbawi Temple, Daegu, South Korea
- Haeinsa Temple, Daegu, South Korea
- Mount Hallasan, Jeju Island, South Korea
- Vladivlostok, Russia
- Irkutsk, Siberia, Russia
- Trans-Siberian Railroad, Russia
- Moscow, Russia
- Peters, Saint Petersburg, Russia
- Brest, Belarus
- The Great Wall, Beijing, China
- Terespol, Poland
- East and West Berlin, Germany
- Beijing, China
- Terracotta Warriors, Xian, Shaanxi, China
- Xian, Shaanxi, China
- Chengdu, Sichuan, China
- Tiger Leaping Gorge, Lijiang City, Yunnan, China
- Old Town of Lijiang, Lijiang City, Yunnan, China
- Lijiang City, Yunnan, China
- Dali City, Yunnan, China
- Water Splashing Festival, Jinghong, Yunnan, China
- Jinghong, Xishuangbanna, Yunnan, China
- Kunming, Yunnan, China
- Nanning, Guangxi, China
- Guilin, Guangxi, China
- Guangzhou, Guangdong, China
- Hong Kong, China
- Darwin, Northern Territory, Australia
- Katherine, Northern Territory, Australia
- Mount Olga, Northern Territory, Australia
- King's Canyon, Northern Territory, Australia
- Uluru, Northern Territory, Australia
- Ti Tree, Northern Territory, Australia
- Todd River, Alice Springs, Northern Territory, Australia
- Alice Springs, Northern Territory, Australia
- Adelaide, South Australia, Australia
- Lismore, New South Wales, Australia
- Ipswich, Queensland, Australia
- Melbourne, Victoria, Australia
- Fraser Island, Queesland, Australia
- Rockhampton, Queensland, Australia
- Byron Bay, Queensland, Australia
- Emerald, Queensland, Australia
- Brisbane, Queensland, Australia
- Taree, New South Wales, Australia
- Sydney, New South Wales, Australia
Selling Korea:
$93.44 USD.
21 comments:
Please explain, how does the US government own 50% of its own debt?
It doesn't. Its inflation. If the US government is buying its own debt, the Federal Reserve would need to buy the debt through printing money, monetizing the debt, and inflating the money supply, stealing the value of the currency away from individual dollar holders. Taxation without representation.
Now, imagine to yourself what would happen if China, Japan, and Saudi Arabia stopped buying US debt and the Fed was the only entity left willing to by US Treasury Bonds. . .
Is the less likely scenario, imagine what would happen if the Chinese began selling their US debt. . .there would be run on the currency; it doesn't matter that they "only" hold 6% of the national debt.
Of course this is less likely because China wouldn't benefit from the sharp decrease in the value of the US dollar that would ensue...
They (along with other nations) are more likely to keep diversifying their reserves into gold and a basket of other currencies, avoiding more US debt like the plague it is, forcing the Fed to keep monetizing their own debt by printing money and buying treasury bonds. Now, you may say this won't lead to hyperinflation, but thats only if the US government stops printing at some point and raises interest rates, which will cause a sharp recession, which is why they won't do it, and the US is likely to face hyperinflation in 10 - 15 years.
That guy is a fucking idiot.
I wonder who the Chinese are going to sell their cheap products, made by wage slaves, to if they stop buying American debt and that leads to hyperinflation in 10-15 <--- LOL.
Of course, it sounds like you are still using Weimar Germany (nationalist imperialists war mongers) and Zimbabwe (corrupt dictatorship) with the United States. They are not the same even in the tiniest. The United States is not a dictatorship, not really nationalist, and not really imperialist. Some of it is, but that part is out of power. You see, Josh, what you are assuming, implicitly, that if inflation occurs at a greater rate in the future, that American leads will continue that road until America arrives at hyperinflation. I don't see that happening. The US is not like Weimar Germany or Zimbabwe.
I don't see a Paul Volcker as chairman of the Fed either...it has nothing to do with Zimbabwe and Germany, the US is going to get there in its own way.
HOW?
They (along with other nations) are more likely to keep diversifying their reserves into gold and a basket of other currencies, avoiding more US debt like the plague it is, forcing the Fed to keep monetizing their own debt by printing money and buying treasury bonds. Now, you may say this won't lead to hyperinflation, but thats only if the US government stops printing at some point and raises interest rates, which will cause a sharp recession, which is why they won't do it, and the US is likely to face hyperinflation in 10 - 15 years.
It will happen sooner if OPEC stops selling oil in dollars.
Meh, I think they will stop. Raising taxes for a few years is a better option. The American economy is still huge, and an increase in tax revenue could solve the problem easily. The problem with this solution is that people have been brainwashed by libertards and conservacrites for about 30 years.
If they raise taxes, there will be a genuine revolt.
"If they raise taxes, there will be a genuine revolt."
Then it will their fault, not the Fed's.
Whose fault?
Oh I get it. If there's ever a serious revolt, there won't be just one place to lay the blame.
The fault is far-and-wide. Deregulation is the fault of those who voted for the Republicons.
"Deregulation is the fault of those who voted for the Republicons."
Again, you can't identify any deregulation that took place under the Republicons; however they are at fault for a number of other issues.
The various updates to the CRA, under Republican controlled Congresses, which effectively eliminated the regulation.
The original CRA did not require banks to give people loans. It required them to stop red-lining entire neighborhoods.
Can you identify a specific legislative update?
"Can you identify a specific legislative update?"
All of the updates to the CRA.
"All of the updates to the CRA."
All updates to the CRA did not deregulate the mortgage markets. I've been trying to find a specific update that did so, however I cannot find one. If you're going to make the point, you should be able to make a specific reference.
http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml
http://www.24thstate.com/2008/11/did-the-cra-cau.html
Who controlled Congress during the Clinton years? OH FUCKING RIGHT, The Republicons and their running dog, Ron Paul.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x4485795
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