GOP Lunatic Tea-Fringers Create A New Global Economic Order!

mascale

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Feb 22, 2009
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"A Well-Regulated Economy, Being Necessary to the Security of A Free State: Then the Rights of Nations to Global Commerce, Shall Not Be Infringed--and including without any interference from the gun nuts, the families believing: Mostly in the rights of Somali pirtates." An Anarchy actually arises from some of the foregoing(?), when Widespread Wealth Worldwide is in place. So For now, there is Worldwide outrage with the Republican lunatic fringe.

World to US: Stop 'tap dancing' and solve default crisis - World News

The origins of global commerce, in Western Civilization, are likely Summerian, 5000 years ago. 5000 years ago it was clear to the holy people that Cajones were the critical parts of a functioning and fertile commerce. Those with more to be stored were rewarded, in easily the first of the planet's usury, or interest rates. The redemption of the coinage would be the blessings of fertility--Lamborghinis actually not at all involved. A more serious backing of currency was involved. Fertility was the expected outcome.

Fixed percentage usury would be in place in extensive commerce. An outcome of that would be found in the Code of Hammarabi. The adult male unable to keep up in the fixed percentage, usury economy--could sell off the wife and kids to settle debts.

The original liberals would be said to have understood about aggravation(?).

The Code of Moses would arise a few hundred years later. Being more a code of relationships, then Western religions would go forward using that Code as a basis.

Jesus Ben Joseph, Son of Mary, Called, "O'Christ," would take from the Greek religions, most likely, and create an analysis of the Code of Moses. Actually, the Code was of human relationship rules. In fact you can even save your own sorry asses, even on the Sabbath. In Matthew 25:14-30, the above noted part of the Code of Hammarabi appears. The servant with one talent could never keep up in the original, Sumer-invented economy. "Weeping and Gnashing of Teeth" would be the outcome of that reported, foreclosure crisis. The Code of Moses had not proposed a serious remedy. So that would originate in Matthew 20:1-16.

Israel had twice been conquered by the more advanced, Pantheon, civilizations. A vertical line, like a ruler, would have number points on it. Like in the Obama-Biden, Make-Work-Pay, refundable income tax credit. Then horizonal lines, of equal distance, could be drawn in at each scale point. Then the computing flaw of the Sumer economy would fit in as an upside down right-triangle, subject to the Pythagorean Theorem. In Matt. 25:14-30, the household that should have been enriched eight talents, was really only newly enriched seven. Probably that made sense at the time. For one thing, the deciminal point itself would not be invented for another thousand years. Seven likely made some sense.

Again, instead of "Weeping and Gnashing of Teeth," and family members sold into slavery--a new and "Good" householder was described, who was different from the Sumer-economy based household. In the more modern context, WWII would be far less likely to happen--even though really, in fact it did happen. Famously, the millions would go off to the boxcars, and then to the death camps, in that celebration of, "Orgin of Species." There would be extensive, "Outer Darkness."

The Older, regulated economy of Adam Smith--even famous for regulation of the fixed percentage usury--would be replaced with a regulated economy--in any economy, well-understood. It would be based on a thriving market at all income levels. That would include the formerly poor. That never happens in the Conservative-regulated, Sumer economy. Usury is arithmetic, and easily a device of regulation.

Since everyone in any community suddenly would have a stake in any part of any other economy, or any sector of any economy: Then international, global attention, would be an expected outcome.

And so it now is.

In the more modern Matthew 25 kind of parallel, the world saw Cheney, the world saw Paulson, and the world saw Bush--not too really up on things, likely not too able to really keep up too much. An Al Gore White House, might have gone forward with an indexed flat amount, Refundable Income Tax Credit--to account for the inflation of the volume sales, and any scarcities noted going forward. The fixed percentage usury would remain in place, but in the way the Quakers say it: A remedy would also be in place.

The Clintons had acknowledged the new arithmetic explanation, February, 1992. Bush-Cheney made no similar advancement. The Clintons would famously avoid any mention of default. They could go forward with Amendment 14, in the New Economy. A credit market currency is in that Euclidean basis. Each of those lines can have an infinite number of points. Many will say that $55.0 tril of them, comes pretty close. Maybe Al Gore could have let them count those points in dimes, or even in pennies! Bush-Cheney, instead, would wonder at why the income tax cuts didn't work, with only half the filers having zero federal income tax liability. They were poor, anyway. Only the rich should buy(?)!

Anyone might think that in the U. S. House, they actually still think they are doing the right thing. Sir Issac Newton may have had the same delusions.

"Crow, James Crow: Shaken, Not Stirred!"
(And so Grandfather would climb to the mesa plateau, and see the vision: Billions and Billions running after young warrior, pitchfork, waving, torches bearing, hangman's rope in hand! "He shall be, 'Running Live Target Price,'" grandfather would announce! Someone would try to make the correction, "No! Grandfather. He shall be called, 'Live Running Target Practice!' He shall be called that, forever!" Grandfathers being what they are, of course, the Happy Hunting Ground had already happened. And so the vision name would be forever, not to be modified on any tongue--even with an earring, in it(?)!)
 
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"A Well-Regulated Economy, Being Necessary to the Security of A Free State: Then the Rights of Nations to Global Commerce, Shall Not Be Infringed--and including without any interference from the gun nuts, the families believing: Mostly in the rights of Somali pirtates." An Anarchy actually arises from some of the foregoing(?), when Widespread Wealth Worldwide is in place. So For now, there is Worldwide outrage with the Republican lunatic fringe.

World to US: Stop 'tap dancing' and solve default crisis - World News

The origins of global commerce, in Western Civilization, are likely Summerian, 5000 years ago. 5000 years ago it was clear to the holy people that Cajones were the critical parts of a functioning and fertile commerce. Those with more to be stored were rewarded, in easily the first of the planet's usury, or interest rates. The redemption of the coinage would be the blessings of fertility--Lamborghinis actually not at all involved. A more serious backing of currency was involved. Fertility was the expected outcome.

Fixed percentage usury would be in place in extensive commerce. An outcome of that would be found in the Code of Hammarabi. The adult male unable to keep up in the fixed percentage, usury economy--could sell off the wife and kids to settle debts.

The original liberals would be said to have understood about aggravation(?).

The Code of Moses would arise a few hundred years later. Being more a code of relationships, then Western religions would go forward using that Code as a basis.

Jesus Ben Joseph, Son of Mary, Called, "O'Christ," would take from the Greek religions, most likely, and create an analysis of the Code of Moses. Actually, the Code was of human relationship rules. In fact you can even save your own sorry asses, even on the Sabbath. In Matthew 25:14-30, the above noted part of the Code of Hammarabi appears. The servant with one talent could never keep up in the original, Sumer-invented economy. "Weeping and Gnashing of Teeth" would be the outcome of that reported, foreclosure crisis. The Code of Moses had not proposed a serious remedy. So that would originate in Matthew 20:1-16.

Israel had twice been conquered by the more advanced, Pantheon, civilizations. A vertical line, like a ruler, would have number points on it. Like in the Obama-Biden, Make-Work-Pay, refundable income tax credit. Then horizonal lines, of equal distance, could be drawn in at each scale point. Then the computing flaw of the Sumer economy would fit in as an upside down right-triangle, subject to the Pythagorean Theorem. In Matt. 25:14-30, the household that should have been enriched eight talents, was really only newly enriched seven. Probably that made sense at the time. For one thing, the deciminal point itself would not be invented for another thousand years. Seven likely made some sense.

Again, instead of "Weeping and Gnashing of Teeth," and family members sold into slavery--a new and "Good" householder was described, who was different from the Sumer-economy based household. In the more modern context, WWII would be far less likely to happen--even though really, in fact it did happen. Famously, the millions would go off to the boxcars, and then to the death camps, in that celebration of, "Orgin of Species." There would be extensive, "Outer Darkness."

The Older, regulated economy of Adam Smith--even famous for regulation of the fixed percentage usury--would be replaced with a regulated economy--in any economy, well-understood. It would be based on a thriving market at all income levels. That would include the formerly poor. That never happens in the Conservative-regulated, Sumer economy. Usury is arithmetic, and easily a device of regulation.

Since everyone in any community suddenly would have a stake in any part of any other economy, or any sector of any economy: Then international, global attention, would be an expected outcome.

And so it now is.

In the more modern Matthew 25 kind of parallel, the world saw Cheney, the world saw Paulson, and the world saw Bush--not too really up on things, likely not too able to really keep up too much. An Al Gore White House, might have gone forward with an indexed flat amount, Refundable Income Tax Credit--to account for the inflation of the volume sales, and any scarcities noted going forward. The fixed percentage usury would remain in place, but in the way the Quakers say it: A remedy would also be in place.

The Clintons had acknowledged the new arithmetic explanation, February, 1992. Bush-Cheney made no similar advancement. The Clintons would famously avoid any mention of default. They could go forward with Amendment 14, in the New Economy. A credit market currency is in that Euclidean basis. Each of those lines can have an infinite number of points. Many will say that $55.0 tril of them, comes pretty close. Maybe Al Gore could have let them count those points in dimes, or even in pennies! Bush-Cheney, instead, would wonder at why the income tax cuts didn't work, with only half the filers having zero federal income tax liability. They were poor, anyway. Only the rich should buy(?)!

Anyone might think that in the U. S. House, they actually still think they are doing the right thing. Sir Issac Newton may have had the same delusions.

"Crow, James Crow: Shaken, Not Stirred!"
(And so Grandfather would climb to the mesa plateau, and see the vision: Billions and Billions running after young warrior, pitchfork, waving, torches bearing, hangman's rope in hand! "He shall be, 'Running Live Target Price,'" grandfather would announce! Someone would try to make the correction, "No! Grandfather. He shall be called, 'Live Running Target Practice!' He shall be called that, forever!" Grandfathers being what they are, of course, the Happy Hunting Ground had already happened. And so the vision name would be forever, not to be modified on any tongue--even with an earring, in it(?)!)

:eek:
 
The William The Wie brand of thinking, Tea Party Thinking, now the only GOP brand on all the planet: Suggets that $16.7 tril. is too much size of government. The Majority House could have scaled that back, but did not. It spent right into it.

The 2nd Quarter Total Credit Market is actually $57.5 tril. So because of a stable government, a lot of people actually spent on into it, which could have scaled that back--but did not. The government was not seen to be too big. The economy was seen to be struggling back.

All Sectors; Credit Market Instruments; Liability, Level (TCMDO) - FRED - St. Louis Fed

So the federal largesse is 29.0 % of the total. Were it all redistributive, then likely the federal portion would be trending toward zero. So back to the OP computing flaw problem. In Reagan Trajectory I, the federal government sent the money off to the already prosperous defense contractors. In Reagan Trajectory II, Obama-Biden sent the money off to the already prosperous, publically funded bureaucrats and teachers. Cheney-Paulson-Bush famously, blatantly sent their portion off to the Wall Street Bankers. Mostly, they kept it to pay mega-bonuses. Obama-Biden sent some of that to the relatively prosperous--and foundering--auto manufacturers. That later bunch was facing a major dearth of customers buying what they think they sell. The Wall Street Bankers were more into Lamborghini level cars. That is now being shown, the clearly anti-American brand.

The worldwide currency of all participating nations is largely backed only in the law. The Sumerian holy people had a different take on what really backs it up--a kind of ancient, "Meow-Mix." Markets are not important to the New GOP. Even Fertility(?) was in fact important to the ancient Sumerian, civilization.

The fixed percentage computing flaws both kinds of backing.

"Crow, James Crow: Shaken, Not Stirred!
(And so Grandfather would climb to the mesa plateau, and see the vision, even on the screen before all the people: Billions and Billions running after young warrior, pitchfork, waving, torches bearing, hangman's rope in hand! "He shall be, 'Running Live Target Price,'" grandfather would announce! Someone would try to make the correction, "No! Grandfather. He shall be called, 'Live Running Target Practice!' He shall be called that, forever!" Grandfathers being what they are, of course, the Happy Hunting Ground had already happened. . .and . . . .well. . . .also being grandfather, at least, apparently, going somewhere, like it. And so the vision name would be forever, not to be modified on any tongue--even with an earring, in it(?)!)
 
Likely even ancient, Cleopatra, understood the Sumerian Brand. Famously, The Roman Empress, Messalina, likely understood the Sumerian Brand. Anyone notes that probably they themselves were not thought ancient, at the time.

"Crow, James Crow: Shaken, Not Stirred!"
(Grandfather not too inclined, however, to tie young warrior, to a tree, and start shooting at the fruity things, in its hair!)
 
...Total Credit Market is actually $57.5 tril. So because of a stable government, a lot of people actually spent on into it, which could have scaled that back--but did not. The government was not seen to be too big. The economy was seen to be struggling back. All Sectors; Credit Market Instruments; Liability, Level (TCMDO) - FRED - St. Louis Fed So the federal largesse is 29.0 % of the total. ...
Sounds like you're saying the size of total federal gov't is $17T and that's 29% of $58T --the total economy's borrowing. While the math is correct, the economics is childlike.

OK, so Santa Claus and the Easter bunny are more fun but money talk means we understand that the $58T comes from page 10 of the Fed's Flow of Funds report. The total includes total borrowing by private individuals ($13T), total business borrowing ($13T) along with gov't borrowing plus what banks and the rest of the world owes.

Here's the point: "banks" includes not only private and business savings accts, but it also includes agencies backed by the federal government. If we're serious about understanding the relative growth of total government and total private borrowing, we need to look at a graph showing private credit, business credit, and total gross debt of the federal government along with the agencies it controls:
fredgraph.png

Back in 2008, borrowing by individuals, businesses, and gov't was all about the same. Since then Gov't credit's doubled and dwarfed a stagnant private sector.
 
Now see what expat_panama poster has said. . . ."Banks includes not only private and business savings accts, but it also includes agencies backed by the federal government."

Some of the agencies are "Full Faith and Credit" backed, and some are not. The agencies backed, however, are doing financial services. So anyone analyzing regulatory government would relegate agencies like that to money-changing, rather than to meat inspections, defense contracting, student loans, and what-not.

And then anyone notices that student loans, grants, endowments are also lumped in with the federal deficit. Those are direct financial services, done by federal departments. The agencies are not. The GOP complaint is directed at the $16.7 tril. deficit. Actually, even Social Security is owed some of that.

Now, even in the 11th hour: The GOP can't figure out what is right, and what is wrong, either--anyone notices.

See all the sources of Credit Market, itemized, in the link below.

http://www.federalreserve.gov/releases/z1/current/accessible/l1.htm

"Crow, James Crow: Shaken, Not Stirred."
(Federal Reserve is Bank with unlimited, electronic powers, even now! Maybe even able to buy back sour, defaulted Treasuries!)
 
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To get the Total Credit, start with Domestic Non-Financial, then do Rest of World, then do Fnancial. Then you get $57.5629 tril.

"Crow, James Crow: Shaken, Not Stirred!
(Many say, in Great Soaring Eagle Years, Multiplied by Sumerian Fertility Rite. . .events. . .multiplied by hourly marvels of Messalina. . . .compared with Scylla. . . .multiplied by annual border crossings of insects, worldwide: You do get a lot of pesos out of that! Then you compare that with the number of Congressional and Executive branch press briefings--just in the last two or three weeks. Then you ask, which made more sense. . . .or was more fun to watch?)
 
...the agencies are "Full Faith and Credit" backed, and some are not. The agencies backed, however, are doing financial services. So anyone analyzing regulatory government would relegate agencies like that to money-changing, rather than to meat inspections, defense contracting, student loans, and what-not...
It's all in the post; the $23T is $17T gross federal debt plus $6T Government-Sponsored Enterprises; Credit Market Instruments; Liability, Level. It's on page 84 of the Flow of Funds linked above and most of it is "unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules." This is not to be confused with "government backed securities" totaling $7.6T on line 4 of FOF Table L.4.

Something else, considering that Fannie Mae debt is part of Gov't debt because it would be paid with taxpayer money makes more sense than saying Gross Federal Debt is "only" 29% of the $58T credit market instruments. Also, that $23T is still double what it was just 5 years ago while private and business debt hasn't budged.

Just the same, this is definitely not as much fun as Santa Claus and the Easter bunny.
 
There is a lot to not be said about the GSE's, in the current context!
___________________________________________________________
Bonds issued by GSEs
These include bonds such as the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Banks and the Federal Farm Credit Banks. Because GSEs are owned by shareholders and not part of the federal government, these bonds are not backed by the government’s “full faith and credit” guarantee and are therefore subject to credit and default risk.
_________________________________________________________

The current context is not about GSE's.

"Crow, James Crow: Shaken, Not Stirred!
(Great Half-Wit Father In Washington, maybe expected to sell Manhattan Island back: To Solved Debt Crisis? Many maybevalue beads and trinkets. Many in ancient Sumeria could even value. . . .Hmmmm! Many on Manhattan Island, even. . . .able to value that!)
 

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