tag:blogger.com,1999:blog-21297199.post3494481443181387462..comments2024-03-29T06:35:11.321-04:00Comments on The Elephant Bar: Brernanke's Nightmare, Ron Paul, ChairmanDeuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-21297199.post-45660562401958491262010-11-13T11:58:12.550-05:002010-11-13T11:58:12.550-05:00the removal of monetary policy from political deba...<i>the removal of monetary policy from political debate</i><br /><br />Kind of like a mercy killing.<br /><br />Sucker's bet which would have been worse - Congressional control or control by the elites.<br /><br />I'm not sure there is a third way.The Cleaning Ladyhttps://www.blogger.com/profile/03885132374422274213noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-31807898699248792852010-11-13T11:48:36.664-05:002010-11-13T11:48:36.664-05:00Non Carborundum illegitimi
from the Rufi coat of ...<i>Non Carborundum illegitimi</i><br /><br />from the Rufi coat of armsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-74177253929709501652010-11-13T11:20:50.937-05:002010-11-13T11:20:50.937-05:00the Representatives of the People cannot audit the...<i>the Representatives of the People cannot audit the National Bank</i><br /><br />I used to like Judd Gregg until he came out against the FED audit.The Cleaning Ladyhttps://www.blogger.com/profile/03885132374422274213noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-75874783942041529402010-11-13T09:26:42.125-05:002010-11-13T09:26:42.125-05:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-77607821817697195442010-11-13T09:26:41.645-05:002010-11-13T09:26:41.645-05:00Doug, go to the fourth comment on this thread for ...Doug, go to the fourth comment on this thread for Viktor' link.Deuce ☂https://www.blogger.com/profile/13472858446242700869noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-36671784736301738832010-11-13T09:26:39.700-05:002010-11-13T09:26:39.700-05:00.
Korea: Too Green for Dems
Bushwa.
...So it s....<br /><br /><i>Korea: Too Green for Dems</i><br /><br />Bushwa.<br /><br /><br /><i>...So it seems like Detroit is getting the better of this deal. What’s not to like?</i><br /><br />The writer argues the deal fell through because of tariffs when in fact it fell through because lack of access to the Korean market.<br /><br />For decades we put up with Japan's arguments that US companies couldn't sell cars there because they didn't understand the Japanese culture. Again, Bushwa.<br /><br />Kia has free and open access to the US market. There is no reciprocity.<br /><br /><i>The U.S. International Trade Commission has projected that the Korea FTA will increase the U.S. global trade deficit,[24] while the U.S. think-tank Economic Policy Institute has projected that it will lead to considerable U.S. job losses.[25]<br /><br />U.S. financial services firms such as Citigroup have pushed for the Korea FTA. Citigroup’s Laura Lane, corporate co-chair of the U.S.-Korea FTA Business Coalition, stated that “it is the best financial services chapter negotiated in a free trade agreement to date.”[26]...<br /><br />“Korean laws make it difficult for foreign companies to outsource and offshore activities. These laws often relate to privacy (private data protection law and real name law). Under the Protection and Use of Credit Information Law and its Presidential Decree, foreign companies operating in Korea are prohibited from transferring any customer data whatsoever out of Korea, even for the purposes of processing data to their own affiliates. In addition, as a result of the revision of the Insurance Business Act in May 2003, it is mandatory for insurance companies to maintain in-house the basic human and non-human resources, including IT systems, necessary for insurance business. These restrictions seriously undermine the government’s goal of making Korea into a financial ‘hub’ by significantly increasing the cost of operating in Korea. These regulations should be modified to permit companies to follow their global operating models for outsourcing and offshoring provided they have existing practices to protect consumer information.”[27]<br /><br />Much attention has been focused on automobiles, hitherto a major US grievance and a large component of the bilateral trade deficit: during 2006, only about 4,000 US-manufactured cars (excluding GM's Daewoo subsidiary) were sold in South Korea while sales of cars manufactured by South Korean companies (including cars manufactured in Korean-owned US plants) in the United States exceeded 800,000[4]. South Korean automakers sold 730,863 vehicles in the United States in 2005, while American auto companies sold only 5,795 in South Korea, according to Commerce Department figures[21]</i><br /><br /><br /><br />So the banks like the new trade agreement. Manufacturers? Not so much.<br /><br />Tell me what's new here.<br /><br /><br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-32149334785632402182010-11-13T09:20:54.732-05:002010-11-13T09:20:54.732-05:00It appears that in my absence, I have missed becom...It appears that in my absence, I have missed becoming aware of Viktor's apparent misfortune.<br /><br />His profile is missing, is there still a way for me to access his blog?Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-34736296831526426252010-11-13T09:06:37.121-05:002010-11-13T09:06:37.121-05:00Portugalia est omnis divisa in partes tres.Portugalia est omnis divisa in partes tres.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-28586921830711374072010-11-13T09:04:36.744-05:002010-11-13T09:04:36.744-05:00Your Latin needs some sprucing up:
It's
Portag...Your Latin needs some sprucing up:<br />It's<br />Portagee!Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-76316974317028322532010-11-13T08:57:44.008-05:002010-11-13T08:57:44.008-05:00I went fishing with dad on the Veni Vidi Vici off ...I went fishing with dad on the <i>Veni Vidi Vici</i> off the coast of the Big Island once, boat was run by a bunch of Portuguese, we caught some stuff too. Had a good time. Maui was right across, over there.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-58374633107055965202010-11-13T08:57:00.968-05:002010-11-13T08:57:00.968-05:00Yes, bob, folks generally believe what they want t...Yes, bob, folks generally believe what they want to believe, despite the factual case that may be presented to the contrary.<br /><br />Though, on occasion, opinions may be swayed by realities.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-24973719691553625942010-11-13T08:56:09.138-05:002010-11-13T08:56:09.138-05:00This comment has been removed by the author.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-66880840874164438642010-11-13T08:55:04.689-05:002010-11-13T08:55:04.689-05:00"Ben's Plan didn't work out too well ..."<i>Ben's Plan didn't work out too well in that regard yesterday.</i>"<br /><br />All of Ben's plans come with an expiration date.<br /><br />When rates really take off, everyone will be shocked, shocked, that we are paying more on interest than for social security.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-58785735575199447342010-11-13T08:53:23.461-05:002010-11-13T08:53:23.461-05:00Putting the Fed under an electron microscope is a ...Putting the Fed under an electron microscope is a good idea.<br /><br />Give 'em a good long computed tomography.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-3047153758628284302010-11-13T08:52:10.403-05:002010-11-13T08:52:10.403-05:00.
So you did remember a little Latin.
I use it ev....<br />So you did remember a little Latin.<br /><br />I use it everytime I walk into a bar.<br /><br />"Qua in abyssus est john."<br /><br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-62107600873931690962010-11-13T08:51:53.622-05:002010-11-13T08:51:53.622-05:00Monetary policy and the National Bank were the dri...Monetary policy and the National Bank were the driving political issues for the first 150 years of the history of the United States. <br /><br />The idea that the Federal Reserve took those issues beyond politics, an imaginative fiction, perpetrated by the power elites created by political incumbency.<br /><br />What the Founders most feared, brought to US, by Republicans. Progressives that destroyed the checks and balances upon the Federal government, with the direct election of Senators and the removal of monetary policy from political debate.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-53329269817970853062010-11-13T08:50:34.993-05:002010-11-13T08:50:34.993-05:00Korea: Too Green for Dems
Obama develops a strang...<a href="http://www.nationalreview.com/articles/253161/korea-too-green-democrats-stephen-spruiell" rel="nofollow">Korea: Too Green for Dems</a><br /><br />Obama develops a strange new appreciation for gas-guzzling cars.<br /><br />Here’s the punch line: U.S. automakers, their unions, and their allies in government — including most Democrats and Barack Obama — think Korea’s fuel-economy and environmental standards are too high.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-82384823052470353642010-11-13T08:43:26.617-05:002010-11-13T08:43:26.617-05:00.
Lower rates may or may not help more people find....<br /><i>Lower rates may or may not help more people find work. But there’s no doubt that the central bank has already helped the Henry Kravises and Lloyd Blankfeins of the world...</i><br /><br />Lower rates?<br /><br />Ben's Plan didn't work out too well in that regard yesterday. <br /><br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-90223378380858086792010-11-13T08:42:37.300-05:002010-11-13T08:42:37.300-05:00Fere libenter homines id quod volunt credunt, suck...Fere libenter homines id quod volunt credunt, sucker.Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-21042150367173852342010-11-13T08:42:27.715-05:002010-11-13T08:42:27.715-05:00Oh, yes, now I remember ...
It was those Progressi...Oh, yes, now I remember ...<br />It was those Progressive Republicans that did the Federal Reserve deal, in the dead of night.<br /><br />Right about the time they passed the 16th Amendment passed and the States legislatures were disenfranchised from Federal power politics with the 17th.<br /><br />Ahh ... that was real Republican progress for all of US.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-50004455292725302242010-11-13T08:39:36.431-05:002010-11-13T08:39:36.431-05:00.
I had a couple years of Latin in high school, th....<br /><i>I had a couple years of Latin in high school, though I don't think it did me much good...</i><br /><br />Ridiculous.<br /><br />Latin forms the basis for all the Romance languages. I had a couple years of it and it made taking French and Spanish a hell of a lot easier.<br /><br />It is part of Western Civilization. As such, it is naturally being dropped along with history and many other liberal art courses.<br /><br />Veni. Vidi. Vici.<br /><br />Riigghht.<br /><br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-12147959917180763162010-11-13T08:37:08.425-05:002010-11-13T08:37:08.425-05:00Think of it, the Representatives of the People can...Think of it, the Representatives of the People cannot audit the National Bank, but can delve deep into YOUR finances ad nauseum.<br /><br />Audits without warrants, where the citizen is presumed guilty unless they can prove their innocence.<br /><br />Yet the private bankers that control the monetary system of the nation cannot be audited. <br /><br />How'd that state of affairs ever come to pass?desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-51537372334379213592010-11-13T08:34:48.271-05:002010-11-13T08:34:48.271-05:00Best article I've seen connected to Bubble Ben...Best article I've seen connected to Bubble Ben:<br /><br /><a href="http://dealbook.nytimes.com/2010/11/10/where-the-bubbles-are/" rel="nofollow">Where the Bubbles Are</a><br /><br />The central bank has embarked on its program of “quantitative easing,” a second round of experimental monetary policy in which the Fed buys up assets — like longer-term government bonds — to bring down interest rates, which is supposed to spur lending and borrowing, thus reigniting the economy.<br /><br />Nobody knows whether it will work to bring down the intractable rate of unemployment. But it has already worked in one significant way: the speculative juices of the markets are flowing.<br />What’s going on? As <a href="http://www.newyorkfed.org/newsevents/speeches/2010/sac101004.html" rel="nofollow">a Fed official explained it </a>in a recent speech, one supposed benefit of the Fed policy is that it will add to “household wealth by keeping asset prices higher than they otherwise would be.”<br /><br /><strong>So it’s levitation-by-decree</strong>. (haven't we been through this before?<br />...more than once)When the Fed moves, financial assets receive the opposite of collateral damage: universal blessing, deserved or not. Lower rates may or may not help more people find work. But there’s no doubt that the central bank has already helped the Henry Kravises and Lloyd Blankfeins of the world<br /><br /><br />It’s commonplace to lament Wall Street’s lack of a historical memory. But there is something different at work. Professional investors have learned the lessons <strong>of the financial markets’ serial bubbles and learned them well.</strong><br /><br />The lesson is: <br />When the next one comes, I’m going to get mine. <br /><br />I’ll just get out early this time.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-15129680673887326762010-11-13T08:28:25.204-05:002010-11-13T08:28:25.204-05:00Inspired By Our Atrocious February/March Weather H...<a href="http://www.youtube.com/watch?v=NJZiojEGuy0&feature=related" rel="nofollow">Inspired By Our Atrocious February/March Weather Here</a>Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-41863891963277048352010-11-13T08:20:02.279-05:002010-11-13T08:20:02.279-05:00Continuing Our Sampling of Josh<a href="http://www.youtube.com/watch?v=C81SyunWMAQ" rel="nofollow">Continuing Our Sampling of Josh</a>Bobhttps://www.blogger.com/profile/04145155737835511824noreply@blogger.com