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by technovelist
Thu Jul 25, 2013 2:19 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 63009

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

Yes, of course I know that. The question is whether people who lend them money (e.g. investors in the HBPP) can really count on their being able to tax at 100% in determining the value (if any) of their bonds. The government bonds I buy don't have value because the government could ruin the economy...
by technovelist
Thu Jul 25, 2013 1:49 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 63009

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

The implication of that is that the government owns everything in the country, or (equivalently) that they can tax everything at 100%. I'm not sure that would work out too well. They do, and they can. Now, of course it wouldn't work out well. But you and I both know that the government is actually ...
by technovelist
Thu Jul 25, 2013 1:26 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 63009

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

I would turn that around and say because of our post WWII  enormous productivity we managed to absorb and work off the debt. But the point is that we never "worked off" the debt! The debt is much larger now. We paid back the coupons by issuing more debt and we spent more and more. The debt doesn't ...
by technovelist
Thu Jul 25, 2013 11:24 am
Forum: Other Discussions
Topic: Why are politicians so loathsome?
Replies: 63
Views: 9344

Re: Why are politicians so loathsome?

I don't have quite the comprehensive understanding of American history that some here seem to have, but I feel like the Internet age has made this one thousand times worse.  It has forced politicians to really be like actors playing a part.  They need to be charismatic, eloquent , look good on TV, ...
by technovelist
Thu Jul 25, 2013 10:47 am
Forum: Gold
Topic: Recent Goldman GOLD forecast
Replies: 5
Views: 2258

Re: Recent Goldman GOLD forecast

Goldman always tells the public to sell whatever Goldman wants to buy, and vice versa.
by technovelist
Thu Jul 25, 2013 10:44 am
Forum: Other Discussions
Topic: Why are politicians so loathsome?
Replies: 63
Views: 9344

Re: Why are politicians so loathsome?

And the really bad stuff is? Totalitarianism. What about the House Republicans? I'm sure they will be exactly as effective in preventing it as they have been with all the other recent horrors. Why would the U.S. political class want to go full totalitarian? Power. Survival. How would that benefit t...
by technovelist
Thu Jul 25, 2013 10:26 am
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 63009

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

moda0306 wrote: Technovelist,

What's your take on Japan being so much further down the rabbit hole for so much more time than us?
Who has been buying all of the new issuance of Japanese bonds: the Japanese central bank, foreign buyers, or domestic private purchasers?
by technovelist
Thu Jul 25, 2013 10:24 am
Forum: Other Discussions
Topic: Why are politicians so loathsome?
Replies: 63
Views: 9344

Re: Why are politicians so loathsome?

moda0306 wrote: And the really bad stuff is?
Totalitarianism.
by technovelist
Thu Jul 25, 2013 9:28 am
Forum: Other Discussions
Topic: Why are politicians so loathsome?
Replies: 63
Views: 9344

Re: Why are politicians so loathsome?

I tend to like coercion I can see and understand, rather than stuff that sneaks up on me and is unavoidable. Maybe that's just me. But I tend to think the worst forms of coercion or confiscation, as an individual, are the ones I can't avoid or can't see coming. Then I'm sorry to say that you have s...
by technovelist
Wed Jul 24, 2013 11:05 pm
Forum: Other Discussions
Topic: What is a quantum computer?
Replies: 14
Views: 1916

Re: What is a quantum computer?

It's been a while, but from what I can remember it goes something like this (forgive me if I lead you astray, I am not an expert on Quantum Physics): A normal computer performs computations using transistors as switches to either be on or off, a 0 or a 1.  This is binary.  Most people know this.  A...
by technovelist
Wed Jul 24, 2013 11:04 pm
Forum: Other Discussions
Topic: Why are politicians so loathsome?
Replies: 63
Views: 9344

Re: Why are politicians so loathsome?

George Bush did indefinite detention too. He just didn't bother with Congressional approval. I forgot about that.  That was illegal and should have been handled by the courts, assuming we had any courts worth a damn.  But I still maintain that Obama codifying it into our laws is worse that Bush goi...
by technovelist
Wed Jul 24, 2013 11:02 pm
Forum: Permanent Portfolio Discussion
Topic: Not Even Harry Browne Thought It Was Going To Be This Bad
Replies: 411
Views: 63009

Re: Not Even Harry Browne Thought It Was Going To Be This Bad

The problem is that nobody knows where that threshold is. Inching closer by storming residential poker games with SWAT teams and strip-searching people driving with expired tags is playing with fire. I agree PS. But swapping government issued fiat assets printed from nothing with different governme...