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Memories of the 28th Century

Miscellaneous thoughts about miscellaneous matters

  1. The Coming U.S. Debt Crisis

    by , 04-15-2019 at 06:07 PM (Memories of the 28th Century)
    Debtors love inflation. The more they owe, the more inflation they want. That is because inflated dollars cost less, so the debtors can repay the same nominal amount for a lower value. That works whether you are a real estate developer or the U.S.A. The U.S. Treasury and the Federal Reserve Bank have been encouraging high inflation for a long time, so that the Treasury can pay off bonds with cheaper dollars. If inflation is running at average rate of 2.68% per annum, thirty year bonds can be paid ...

    Updated 04-16-2019 at 05:05 PM by PeterL (clarity)

  2. Art of the Steal

    by , 10-21-2017 at 03:24 PM (Memories of the 28th Century)
    Donald Trump has made a lot of his skill in negotiation and making deals. He hasn't been crowing about that recently, but there still are implicit claims. Those claims don't stand up to scrutiny, and he seems to have been more skilled at stealing than in dealing.

    A large amount of his money he gained through bankruptcy court, rather than through doing business. There are questions as to how many bankruptcies he has had. He admits to four, but there have been at least six, and if one ...

    Updated 10-21-2017 at 08:32 PM by PeterL

  3. Good Political Leaders

    by , 01-03-2017 at 06:04 PM (Memories of the 28th Century)
    There is a lot more ambition in politics than intelligence or good sense. This isnít just a modern problem, but the ancients were also afflicted by politicians with big egos and small brains. That combination tends to lead to people thinking that their preferences are actually best for everyone, without realizing that personal preferences are just that, personal and preferences. Just as different people prefer different foods so it is with politics. And Iím not referring to the great divide between ...
  4. Trump and His Bankruptcies

    by , 08-31-2015 at 02:52 PM (Memories of the 28th Century)
    Donald Trump seems to be trying to get as much mileage as possible from his business experience. I wonít belittle that experience. As happens to many real estate developers, Trump or his business entities have gone into bankruptcy several times, and that would be useful experience for a U.S. President, since the government is heavily indebted. Someday, the Fed may stop creating money, and the Treasury may have to default on the billions in debts.

    Regarding his first bankruptcy in ...
    Tags: bankruptcy, trump