Ok, lets see: Your contribution today: 1x copy/paste (http://www.elitetrader.com/et/index...ro-monetary-union.292955/page-12#post-4157095) 2x copy/paste (http://www.elitetrader.com/et/index...he-6-dividend-paid-to-them-by-the-fed.293209/) And the rest BS talk as usual. => Nothing of original content. Nothing new, guilty as charged... TsingTao's Manifest: a) Greece should leave the EMU b) Germany should leave the EMU c) And you are against Austerity because it does not work d) at the same time you are against fiscal support programs and money printing d) Miami is German's top holiday destination (chuckle)
Volpunter's Manifest: a) Everyone but me is wrong and needs to be put down (as often as possible) b) Any argument against my points is the barbarians at the gates and needs to be furiously rebutted. c) Use assumptions and throw out exact figures to make assumptions look more real. d) When questioned to back up data, yell angrily and wave arms to obfuscate (go to point C for backup). d) When all else fails, declare the thread and person stupid and that you're leaving and will put them on ignore (but come back tomorrow because you can't stay away) (chuckle) Oh, and I'm not against austerity. I'm for it.
you still didn't answer the question concerning the difference between printing money and bond buying by a central bank. you can dance all you want with your responses but when it comes to a factual answer you fade.
that is only my manifest when I converse with you because a) you are in fact most of the time incorrect when it comes to points we previously argued, at least more often than not. The highlight definitely was your argument that with Greece being able to deflate its currency they will turn their country into a tourist and vacation heaven and will in no time overtake Germany, economically. But you corrected your view when you (again incorrectly) insisted on Miami being the top holiday spot for Germans/Europeans (forgot which one it was but both groups vacation elsewhere than Miami, but it was funny nonetheless. b) not correct, I have many more times apologized on this site than you have when someone corrected mistakes or provided factual backup that contradicted a point I made. That it did not happen as part of discussions you and I had means you had nothing to backup your theses with or I had factual backup that contradicted your points. c) I never angrily yell, when I call you an asswipe or someone with gay-like attitude then its not that I am angry, I simply believe you are one or behave like one at times (not always of course) d) I left threads only after I backed up my points with facts and some like you still came along and questioned the facts that were out in bright daylight. Perfect example: Your stubborn claim that Germany locked itself into a favorable exchange rate via the introduction of the Euro. I have taken the time to provide facts that you are simply incorrect. You are most likely correct in stating that a German mark would most likely be stronger now if Germany had its currency not pegged to the euro. But at the time the peg was fixed most economics and simple math contradict claims of an unfair exchange rate peg. And yes, austerity works, it clearly works as can be seen in Ireland, in Spain, in most Eastern European countries, and Baltic states. But it is a painful process and takes time to play out. You never even admitted that Ireland went through a painful austerity program and succeeded. You are the one who blatantly ignores facts and cherrypicks.
you still didn't answer the question concerning what is the difference between printing money and bond buying by a central bank. you can dance all you want with your responses but when it comes to a factual answer you fade. does anybody see a difference?
because he is evading critical and especially detailed exchange in the exact same way than Tsingtao just on the other end of the spectrum. Of course there is no difference between real money printing and bond buying by the central bank, in terms of effect. Both increase the money supply in circulation and both stimulate the economy. We can argue what the results are of such stimuli but fact is that both increase the money supply. Whats not to understand about this? It is extremely frustrating to argue with those two because they approach to debate is the same as someone wanting to establish a fair value of a stock and arguing his case by citing the brand of the laser printer in the CEO's office, omitting there are about 2,000,000 other more relevant variables to consider.
And you know what is the most absurd part of you? The fact that you are digging right now like a homo in my past posts to unearth something to stick to me, INSTEAD of actually once answering the question what your solution is to how Greece can be helped, considering all of the realities of the average Greek soul and attitude towards work. You have evaded this question for many months now.
There is a long discussion here in ET re the difference. It is also treated in every basic economics text in the chapter on central banking, and you can find the information you seek with a few mouse clicks on the internet. This is a thread re whether Germany or the PIGS should leave the EU.
No, actually I went to lunch. What is it I should be digging on again "like a homo"? I don't have to dig for anything. You do a good enough job of making yourself look like an ass if left perfectly alone.
If Germany left the EU, France and the UK would be 2 seconds behind them. And then the PIGS could continue to run any deficit they choose, default on the balance of all outstanding sovereign debt obligations, and history tells us how that story ends. The PIGS might be able to borrow money from China, but does anyone sincerely believe that China would be more forgiving or flexible than Germany ? Seriously.