[Deal Hunter]

Yeah, I’m with you on BofA. In December, my prognosticaions were that either BofA or Citigroup would fold and the government would scoop up the carnage. As of this week, Citigroup has a worse balance sheet, so it could be them.

If Obama is elected, he may successfully stave off privitization and other drastic tax concessions. I don’t have the same opinion if Hillary is elected. I think all her talk of fighting for the mid-class and poor will all fade in the early hours and she’ll be back to rubbing the feet of her devouted corporate backers. In my view, she’s as much a Democrat as W is a Republican.

Hey, have you heard of a book called, “The Sovereign Individual” by Lord William Reese-Mogg? Freaky book, but interesting. Reese-Mogg has consulted with George W during his campaign and now with Hillary’s people. The book predicts all this that is happening now (written in 1997), and heralds the end of American style capitalistic democracy. Totally OT, but thought you might find it interesting.

[Deal Hunter]

I’m fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed “debt-free.”

Abraham Lincoln printed money out of thin air, but he provided for the borrowed money/credit to be payable in full. For example: You need to borrow $100, so the Fed prints $100 and then charges you 10% interest on the money. This means that you have to come up with $110 dollars. Well, how the hell are you going to do that when only $100 was printed???? Where do you find the other $10? Hence in the current fiat system, the debt can NEVER be repaid.

Lincoln’s method was to print $110 dollars. Give you the $100 you need to borrow and spend the other $10 in your local economy. That way you can earn the $110 by conducting your business and deploying your investments in the local economy. When you earn the $110, you pay it back and your debt-free. Ta Da!

I know, where’s the profit for central banks in Lincoln’s crazy method? Hey, here’s a bit of money trivia for y’all. There were a handful of men in our history that have tried to pioneer a debt-free money system or opposed a private central bank: George Washington, Ben Franklin, Andrew Jackson, Abraham Lincoln and John F. Kennedy. All happen to be on our money! Cool, huh?

[Deal Hunter]

I’m fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed “debt-free.”

Abraham Lincoln printed money out of thin air, but he provided for the borrowed money/credit to be payable in full. For example: You need to borrow $100, so the Fed prints $100 and then charges you 10% interest on the money. This means that you have to come up with $110 dollars. Well, how the hell are you going to do that when only $100 was printed???? Where do you find the other $10? Hence in the current fiat system, the debt can NEVER be repaid.

Lincoln’s method was to print $110 dollars. Give you the $100 you need to borrow and spend the other $10 in your local economy. That way you can earn the $110 by conducting your business and deploying your investments in the local economy. When you earn the $110, you pay it back and your debt-free. Ta Da!

I know, where’s the profit for central banks in Lincoln’s crazy method? Hey, here’s a bit of money trivia for y’all. There were a handful of men in our history that have tried to pioneer a debt-free money system or opposed a private central bank: George Washington, Ben Franklin, Andrew Jackson, Abraham Lincoln and John F. Kennedy. All happen to be on our money! Cool, huh?

[Deal Hunter]

I’m fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed “debt-free.”

Abraham Lincoln printed money out of thin air, but he provided for the borrowed money/credit to be payable in full. For example: You need to borrow $100, so the Fed prints $100 and then charges you 10% interest on the money. This means that you have to come up with $110 dollars. Well, how the hell are you going to do that when only $100 was printed???? Where do you find the other $10? Hence in the current fiat system, the debt can NEVER be repaid.

Lincoln’s method was to print $110 dollars. Give you the $100 you need to borrow and spend the other $10 in your local economy. That way you can earn the $110 by conducting your business and deploying your investments in the local economy. When you earn the $110, you pay it back and your debt-free. Ta Da!

I know, where’s the profit for central banks in Lincoln’s crazy method? Hey, here’s a bit of money trivia for y’all. There were a handful of men in our history that have tried to pioneer a debt-free money system or opposed a private central bank: George Washington, Ben Franklin, Andrew Jackson, Abraham Lincoln and John F. Kennedy. All happen to be on our money! Cool, huh?

[Deal Hunter]

I’m fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed “debt-free.”

Abraham Lincoln printed money out of thin air, but he provided for the borrowed money/credit to be payable in full. For example: You need to borrow $100, so the Fed prints $100 and then charges you 10% interest on the money. This means that you have to come up with $110 dollars. Well, how the hell are you going to do that when only $100 was printed???? Where do you find the other $10? Hence in the current fiat system, the debt can NEVER be repaid.

Lincoln’s method was to print $110 dollars. Give you the $100 you need to borrow and spend the other $10 in your local economy. That way you can earn the $110 by conducting your business and deploying your investments in the local economy. When you earn the $110, you pay it back and your debt-free. Ta Da!

I know, where’s the profit for central banks in Lincoln’s crazy method? Hey, here’s a bit of money trivia for y’all. There were a handful of men in our history that have tried to pioneer a debt-free money system or opposed a private central bank: George Washington, Ben Franklin, Andrew Jackson, Abraham Lincoln and John F. Kennedy. All happen to be on our money! Cool, huh?

[Deal Hunter]

I’m fundamentally not bothered that money is printed out of thin air. What bothers me about monetary policy is that the money is not printed “debt-free.”

Abraham Lincoln printed money out of thin air, but he provided for the borrowed money/credit to be payable in full. For example: You need to borrow $100, so the Fed prints $100 and then charges you 10% interest on the money. This means that you have to come up with $110 dollars. Well, how the hell are you going to do that when only $100 was printed???? Where do you find the other $10? Hence in the current fiat system, the debt can NEVER be repaid.

Lincoln’s method was to print $110 dollars. Give you the $100 you need to borrow and spend the other $10 in your local economy. That way you can earn the $110 by conducting your business and deploying your investments in the local economy. When you earn the $110, you pay it back and your debt-free. Ta Da!

I know, where’s the profit for central banks in Lincoln’s crazy method? Hey, here’s a bit of money trivia for y’all. There were a handful of men in our history that have tried to pioneer a debt-free money system or opposed a private central bank: George Washington, Ben Franklin, Andrew Jackson, Abraham Lincoln and John F. Kennedy. All happen to be on our money! Cool, huh?

[Deal Hunter]

M3? Can you still get M3 data anywhere?

[Deal Hunter]

M3? Can you still get M3 data anywhere?

[Deal Hunter]

M3? Can you still get M3 data anywhere?

[Deal Hunter]

M3? Can you still get M3 data anywhere?

[Deal Hunter]

M3? Can you still get M3 data anywhere?

[Deal Hunter]

Because when you look closely enough there is NO difference between Republicans and Democrats.

The rhetoric of privitization is hallmark Republican, but the mechanism of privitization can be easily worked into a Democratic agenda. Same goes for elimination or limitation of mortgage interest deduction. Can you see a Democratic congress or president twisting mortgage interest reform as a way to “take from the rich and give to the poor?” Yep, piece of cake.

And other anomalies like, “Wall Street loves Clinton (both Bill and Hill).” Or, why do “free-market, Reagan/Goldwater Republicans” tolerate the existence of the Federal Reserve?

Again, pardon my extreme cynicism, but I did warn you.

[Deal Hunter]

Because when you look closely enough there is NO difference between Republicans and Democrats.

The rhetoric of privitization is hallmark Republican, but the mechanism of privitization can be easily worked into a Democratic agenda. Same goes for elimination or limitation of mortgage interest deduction. Can you see a Democratic congress or president twisting mortgage interest reform as a way to “take from the rich and give to the poor?” Yep, piece of cake.

And other anomalies like, “Wall Street loves Clinton (both Bill and Hill).” Or, why do “free-market, Reagan/Goldwater Republicans” tolerate the existence of the Federal Reserve?

Again, pardon my extreme cynicism, but I did warn you.

[Deal Hunter]

Because when you look closely enough there is NO difference between Republicans and Democrats.

The rhetoric of privitization is hallmark Republican, but the mechanism of privitization can be easily worked into a Democratic agenda. Same goes for elimination or limitation of mortgage interest deduction. Can you see a Democratic congress or president twisting mortgage interest reform as a way to “take from the rich and give to the poor?” Yep, piece of cake.

And other anomalies like, “Wall Street loves Clinton (both Bill and Hill).” Or, why do “free-market, Reagan/Goldwater Republicans” tolerate the existence of the Federal Reserve?

Again, pardon my extreme cynicism, but I did warn you.

[Deal Hunter]

Because when you look closely enough there is NO difference between Republicans and Democrats.

The rhetoric of privitization is hallmark Republican, but the mechanism of privitization can be easily worked into a Democratic agenda. Same goes for elimination or limitation of mortgage interest deduction. Can you see a Democratic congress or president twisting mortgage interest reform as a way to “take from the rich and give to the poor?” Yep, piece of cake.

And other anomalies like, “Wall Street loves Clinton (both Bill and Hill).” Or, why do “free-market, Reagan/Goldwater Republicans” tolerate the existence of the Federal Reserve?

Again, pardon my extreme cynicism, but I did warn you.

[Author]

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