tag:blogger.com,1999:blog-6935370618605188900.post4780198354419284959..comments2024-03-27T18:13:31.654-04:00Comments on Paco Enterprises: The pie-hole of everlasting stupidPacohttp://www.blogger.com/profile/08004124282907287652noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6935370618605188900.post-29146170816849474142013-03-03T00:35:56.839-05:002013-03-03T00:35:56.839-05:00I think what Bloomberg is really saying is that he...I think what Bloomberg is really saying is that he's played the system he helped design and he's personally got plenty of cash, so F.Y. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-25072730588386420942013-03-02T16:43:37.144-05:002013-03-02T16:43:37.144-05:00Yojimbo,
"decrease in our credit standing&qu...Yojimbo, <br />"decrease in our credit standing"? That isn't possible, don't you remember the President's assurances from 2011 : “No matter what some agency may say, we’ve always been and always will be a AAA country." <br /><br /><i>preposterous to think that they would stop selling us more</i><br /><br />I wonder how many in Zimbabwe said the same thing. The government does have the advantage of potentially being immortal. But they're getting close to saying "don't worry about it, everything'll be fine because it'll all run on unicorn farts!" I suspect they figure the government will always be able to rig the system in their favor, even if means screwing everyone else, but I'm surprised they're saying this stuff out loud. <br /><br />Infinite debt forever and beyond! <br />We're doomed.Col. Milquetoasthttps://www.blogger.com/profile/02663068441544498425noreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-49687074236478015242013-03-02T11:13:14.756-05:002013-03-02T11:13:14.756-05:00It won't take much of a rise in interest rates...It won't take much of a rise in interest rates to crater us, Yojimbo, if the typical cash flow sucks as badly as I'm thinking, and people have to choose between eating and paying off loans. JeffSnoreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-26029882383669895472013-03-02T10:57:50.846-05:002013-03-02T10:57:50.846-05:00Hey, maybe that is what the "flat earthers&qu...<br />Hey, maybe that is what the "flat earthers" really meant.Yojimbonoreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-39929351896585456972013-03-02T10:55:53.191-05:002013-03-02T10:55:53.191-05:00We will probably not get to that point. As our de...<br />We will probably not get to that point. As our debt grows interest rates will have to rise to cover the decrease in our credit standing. At some point that increase in interst rates will crater us and send the rest of the world into the abyss along with us.<br />This will happen before the world rejects our debt. There aren't enough QEs to soak up all the debt we will have while at the same time keeping interest rates low.Yojimbonoreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-27090936947503919122013-03-02T10:36:40.638-05:002013-03-02T10:36:40.638-05:00But you know who will be first in line with his ha...But you know who will be first in line with his hand out when the big crunch comes.RebeccaHhttps://www.blogger.com/profile/15113907852048577121noreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-43276985347548905282013-03-02T08:43:16.833-05:002013-03-02T08:43:16.833-05:00Bruce: Sounds about right.Bruce: Sounds about right.Pacohttps://www.blogger.com/profile/08004124282907287652noreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-75503736659934259912013-03-02T08:39:55.064-05:002013-03-02T08:39:55.064-05:00If you ever wonder what kind of leadership got us ...If you ever wonder what kind of leadership got us into this mess....rinardmanhttps://www.blogger.com/profile/01084346073021788172noreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-55549237878479932322013-03-02T07:50:48.039-05:002013-03-02T07:50:48.039-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6935370618605188900.post-78363231191011476402013-03-02T05:35:41.749-05:002013-03-02T05:35:41.749-05:00Paraphrase of one of the comments:
'So we sho...Paraphrase of one of the comments:<br /><br />'So we shouldn't have to pay taxes, since you can just borrow all the money the govt needs'. brucenoreply@blogger.com