Recent Comments

Thanks for posting this, freedom. It even mentions Underwriters Laboratories, which is an extra-governmental regulatory institution that we talked about yesterday. Well, it didn't enter the conversation, but we discussed the capability of insurance to safeguard business and customers. I believe UL was started when electric appliances and wiring and such came in vogue.

Insurance companies have also been highly involved in helping to formulate building codes, and that was mostly begun following the 1906 San Francisco earthquake and fire.

The point is, capitalism can mostly regulate itself. Obamma wouldn't have that. He didn't like insurance, and he said I was immoral because I was a capitalist.

Or George Soros? Who 'broke the bank' when was it, 1980's or '90's?

It's pretty much left up to the computer anymore!!

Following the money has taken on a whole new description!!

And with the laws concerning amounts of deposits and withdrawals that took place after 2001, it's getting much harder to keep track of the money, not easier.

Increasing or decreasing the reserve rate is possibly the most intense method of moderating the money supply. It should only be used in the worst of times, and I don't remember if it has ever been used or not.

Increasing or decreasing the discount rate, the rate the Fed charges banks to borrow so as to provide the correct amount of reserves, is less preferable than a change in the overnight rate, which banks charge each other for the same reason, to ensure their reserves at the Fed is adequate, though it is influenced by the discount rate itself.

Usually, the Fed uses open market operations, at least that was what was being done in the eighties through 2008, when Bernanke actually lowered the discount rate to nearly zero, and lost one of his most potent tools. Open market operations changes interest rates on treasuries, which then filters down to other rates, at the same time increasing or decreasing the money supply. EXCEPT in the fall of 2008, when Bernanke had to come up with something else, which he called Quantitative Easing, and which I still don't understand. You need to realize I've been away from macroeconomics since then, as the Marxist Obamma couldn't actually understand how the Fed really works.

I memed to, but forgot!

We should open accounts and offer to help them keep track of the losses. ;^)

Human nature of sociopaths. When has any central bank not been used to steal by banksters, shysters, and politicians?

And therefore, instead of raising rates in order to cut down lending, the direct approach would be less harmful to the people and the government budget. Restrict lending by making banks keep greater reserves. That cuts the supply of loans and the lower interest rates do not enrich banksters (even more than usual) at the expense of everyone else. This could have been done for the past 100 years, but no, higher interest rates must be used instead to protect banksters. Thieves and traitors.

Laughing . . .
I wish they were all gut splitting funny but those memes are far and few between but adored when found,
I luckily was able to make something of this hodgepodge of memes. Some are genuinely funny and they make the whole set work.
If you really liked them then by all memes, give em a thumbs up ^

I talked once to a Bank of America accountant who said (This was in the 80's sometime) that they expect the accounts the bank, in whole, to be off about $10 million, give or take. Still, $10 million is not even close to $40 billion.

Did they build a canal to carry the water from the Colorado River to Mexico City?

They're all great. And I understood just about every one!

I'm not so sure you are right. Where did you get your information?

Has the human species learned anything at all from that horrific World War II? It doesn't seem so, because instead of educating children in how to distinguish propaganda from sincere and truthful information, they teach them that government is the determinator of their reality. Sort of like Hitler Youth.

Actually, according to an English textbook I found in a used book store, shortly after the war, published 1947 or 48, they were instructing students in what to look for in speeches, etc. And then they stopped.

Or interest on the debt. Either way it's not very good business practices.
Actually, though, paying interest on the debt, in the amount the U.S. has accumulated, IS inflationary. Look at Germany, after World War I. Hyperinflation, trying to pay reparations to Clemenceau.

I have not seen a mention of Ayn Rand's view of a woman president.

Here is a reading of her essay on the subject.

https://www.youtube.com/watch?v=d1JRM...

A-huck! A-huck!
All them thar memes heeya dey all be duh cat's meow save fer two funny lookin' furry sodas.

Each time she move her lips its either evasive word salad blather when it ain't an outright lie.

Love 'em, OUC! 👍

Agreed!!!!!!

And in regard to the water in the area/region we now have Mexico City about to run out of water with Mexico owing (based on a agreement made with Mexico for water from the Colorado) us many years of water...... That agreement was - not the best that could have been made.... and still Mexico City is about to run out of water - and I know that the US will be blamed.......

AT THE TIME....it seemed like the thing to do, to provide power to the areas in the southwest. AT THE TIME there was no idea that so many people would move to the area, because it was so dang hot....and then they extended the power further and further, and with the availability of affordable air conditioning which was not available at the time of the build......so many things going on..... but to answer your specific question, AT THE TIME - I think it was a good project based on the information that was available.

An interesting discussion, and thank you!!!

Notice the first one sits next to a "Natural" ass . . .

The 2 rock sculptures memes are great lol

we have to look at results and STOP listening and believing rhetoric. Identifying propaganda is a skill they should teach in schools. Its probably the most important skill of them all.