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SPDR S&P 500 ETF Message Board

darwins_assistant 11 posts  |  Last Activity: Nov 14, 2014 4:57 PM Member since: Jun 1, 2012
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  • darwins_assistant by darwins_assistant Nov 14, 2014 4:57 PM Flag

    to see what our character will be. But we all are taken completely apart in the process.
    We are not of this world.

  • darwins_assistant by darwins_assistant Oct 6, 2014 9:28 AM Flag

    its a game eventually won with brain capacity. The US will be overrun with blacks and hispanics, two decidedly low IQ ethnic groups, Europe will be overrun with Arabs, another low IQ group, and Asia will be left with high IQ people, giving them a 10-15 point advantage.

    Its simple math.

  • Reply to

    Why do we have troops?

    by thesheepshaver Aug 30, 2014 12:27 PM
    darwins_assistant darwins_assistant Aug 30, 2014 12:38 PM Flag

    Because it didn't work in Afghanistan and Iraq even with 500 billion dollars worth of effort.

  • darwins_assistant by darwins_assistant Aug 30, 2014 12:34 PM Flag

    in the blink of an eye in universe scale time, just ten thousand years. Species evolutions are on a much slower timescale. The sudden appearance of self-awareness. The radical shift in potential for cooperation over competition and the brutality of Nature.

    Our species will probably avoid complete destruction of itself and other life on the planet, even with all the chaos that exists in our mental natures. But the chaos is the human experience, and the creative energy is more powerful than the rational energy. Much of the rational energy is reductionist, producing an efficient economy that is a desperate rat race for much of humanity. The creative energy produces the innovations, the music, the expression of human passions, the things we identify with a meaningful life of aspiration.

    Thought is a constant convolution of competing and complementary themes, linear and fractal, tonal and atonal, symbolic and chemical.

  • darwins_assistant darwins_assistant Aug 30, 2014 11:01 AM Flag

    I'm not trivializing "our" debt situation, only clarifying whose debt it actually is. One way it is arguably worse is in corporate debt, which has skyrocketed with cheap interest rates. It was a move to basically plunder corporate wealth by executives who borrowed to bid their own stock prices up rather than do capital investment. They then stole it with the stock options they awarded themselves.

    So now we have heavy federal government debt, heavy municipal government debt, heavy consumer mortgage debt, heavy credit card debt, heavy student loan debt, heavy dollar holdings outside the US supporting the trade debt, and heavy corporate debt. And the big banks have been given a "get out of jail free card" to unload their bad assets (mortgages and commercial loans) onto the Federal Reserve in exchange for cash at full non market valuation.

  • darwins_assistant darwins_assistant Aug 30, 2014 10:24 AM Flag

    The QE program prints money without creating debt. It is used for two different purposes. First, to buy US Treasury bonds from the US government, which does create new debt for them when they are new issue. Second, is to buy asset backed securities (mostly mortgages) from banks, in order to make them solvent again. That part creates no debt for anyone.

    In a technical accounting sense, every US dollar (printed by the US Treasury, or created electronically by the Federal Reserve) is a claim on Federal Reserve assets. But the way fiat currency works in practice, those claims are only nominal. Those ideas harken back to the gold standard, where the Federal Reserve had Fort Knox and all dollar holders could exchange for bold bullion. That world doesn't exist any more.

  • darwins_assistant darwins_assistant Aug 30, 2014 10:11 AM Flag

    I think most of us know all that by now. But your $17B figure is total US debt, not the stimulus since 2008, which is less than a quarter of that. It wasn't meant to 'transform' the people, it was meant to avoid the destruction of the financial system, and it would in fact have collapsed. Yes, there are reasonable resentments directed at NY banks for their corrupt behavior of privatizing profits and socializing risk. They have been doing it since the 1970's and have been saved a number of times.

    None of those stimulus actions created jobs, low paying or otherwise. In fact, during the same period, many public sector jobs were lost.

    The bailouts have not increased unemployment, nor have they depreciated the dollar in any meaningful way as a direct result. The reason for that is a complicated artifact of the global economy.

    America has a big problem with employment, but it existed before the financial crisis. It did get worse because of the crisis, as private business profits skyrocketed. Resentments are high over that situation which nobody knows how to fix without hurting entrenched power.

  • darwins_assistant darwins_assistant Aug 30, 2014 9:51 AM Flag

    If the Fed 'gave money directly to the people' then there is no debt created in the process.
    Deposits show up in bank accounts or on entitlement ATM cards.

  • darwins_assistant by darwins_assistant Aug 30, 2014 9:48 AM Flag

    I was watching one of my favorite movies, Spanglish, and the part came where Cloris Leachman (as the elder parent) tells Tea Leoni (her daughter) that "lately, honey, your low self-esteem is just good common sense".

    I wish I'd written that.

  • darwins_assistant darwins_assistant Aug 30, 2014 8:28 AM Flag

    It would more likely end up doing no good, other than create inflation in rental property, food, and basic necessities. It doesn't add to production for a long time.

  • Reply to

    On a Brighter Note in Today's News

    by xtgeminiman_h8s_hisgayness Aug 27, 2014 12:43 PM
    darwins_assistant darwins_assistant Aug 27, 2014 1:20 PM Flag

    As part of my regular job, I have submitted the 9 year old shooting for a 2014 Darwin award. Such an excellent candidate.

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