I'm not sure why I bothered with him he's stubborn and has tunnel vision about Covid. If he actually lived in Sweden it would be more credible. However, the citizens in Sweden polled not too happy about their experience so I think a lot of the "reporters" are kind of glossing over the reality to paint a picture they want to believe in. I also suspect that the actual policy and public behavior in Canada and Sweden is a lot closer in nature then these posters like Jem care to admit. None of it matters anyways we live where we live. Jem seems angry about a lot of things concerning social policy, yet hates "sociolists". Lot of irony in that.
I dunno man. I don't always agree with him, apparently he recently returned here. I mean for the the last 4 or 5 months, whatever. He seems to debate well and he doesn't get all spooled up and nasty. Hate to say it, but you do. You're waay too emotional. On the outside looking in, I'd say you're a woman. Just a hunch. You need to post some trades. I do believe you're in the game.... but wtf... share some trades kid.
I don't know how you make any money trading with that kind of quality of analysis. Seriously, so far off base on every point. Cya.
New York times shows your cases exploding and it shows the same recent death totals. Its may be real and its looking like a massive failure. you flattend curve and destroyed lives for months and now the curve is back. I told you that it was stupid to lock down the low risk and the virus would just come back. It has moron. https://www.nytimes.com/interactive/2020/world/canada/canada-coronavirus-cases.html In the last 30 days your 7 day average of death has gone up from 2 to 34. You all must have the worst rate of death increase in the world. Using your logic as you applied it to Americans ... you must have the most irresponsible people and govt in the world right now. How does feel to have you own insults and ignorance reflected back on to you? So irresponsible to think that all the damage your lockdown did...all the financial suffering, the medical suffering (and future deaths because of missed medial care) the mental and emotional suffering ... was justified only to see the gains made during lockdown evaporate.
hey piezoe... you used to deny the FED made money out of thin air. now you admit its true. I won that argument. You already lost the major argument. The Fed has given out trillions of its own according during Covid. 2.2 trillion at least of its own accord without specific authorization from Congress. 2. You know damn well the FED has private shareholders. The FED says so on its website. You don't deny that. I never said the FED does not pay its profits to the govt. But if you don't think the member banks make massive money from the FED operations you are nut job. The FED buys trillions in bonds and lets the member banks take commissions. They even let them front run sometimes. and the FED sometimes lends them trillions at below market rates.
You just sound mentally ill again. It doesn't matter what actually occurs in reality you spout off the same bs over and over and over. I just looked at the latest daily stats. Canada's much lower then all the US southern states again. Not something new. If you truly are going to use every outlier result to claim Canada's Covid experience is as bad as the US experience, this is never going to work out for you.
Well I do, pretty much everyday; and at least I don't think Covid can be caught walking down the street all alone, or out in the middle of the woods somewhere because it blows in from China on the jet-stream. I also don't whine like a spoiled little bitch about the politics in a country I don't even live in. Now pipe down and post some trades once in awhile. Lets see what ya got kiddo.
OK. Good I see your understanding of the fed is beginning to evolve a bit in the right direction away from the "Creature from Jekyll Island" image. That's a step in the right direction. But you still have one big major hurdle to over come. You still somehow think the fed is privately owned. Once you realize that the fed is the government. If you were to examine the books of the Treasury and the fed side by side you would learn that the Treasury and fed are really one giant operation separated into two parts by statutory law. But these two operations are by necessity coordinated on a day to day basis. Nevertheless it is true that sometimes the Treasury does things that make the fed's job harder and vice versa. If you go back to ~ pre 2010 posts that I made regarding the fed you will find some errors. That's because I once thought the same way many others did, except for oddballs like yourself who insisted the fed was a privately owned, for profit operation. Approximately 2005 I begin to make a serious study of economics and that took me necessarily into details of central bank operation. I was very fortunate in that I had a close personal friend who was a well known economist that could steer me in the right direction, and who could answer questions that are not satisfactorily answered in standard texts. At some point I acquired enough knowledge that I could read the primary literature so long as it was not highly specialized. I learned that some of the information regarding money in all of the standard texts was simply mistaken. For example the common treatment of the so-called money multiplier is incorrect. Also the commonly held idea among the public that the government should balance its books and pay off its debt I learned would be disastrous for the economy. It is understandable, however, why most people think this way. After all what they believe is true as far as their personal finances are concerned. But where they go wrong is thinking that government finances work the same way. They don't; not at all! You are right to point out that I was wrong about saying the government does not "print" money. But your understanding of what I actually said, is probably incorrect. What I actually said, which I learned from reading an incorrect article by an economist, is that the government did not print money created out of thin air because the money it created was linked to Treasury liabilities, i.e., bonds. I liked to contrast that with a government, such as Zimbabwe's, that just printed money to pay their debts without linking it to new treasury liabilities. That was necessitated of course because there was virtually no demand for Zimbabwe's debt in the private sector leaving only their central bank as a customer for their bonds in the secondary market. What I thought re the U.S. Central Bank -Treasury operation at that time was wrong however. The U.S. regularly does create money out of thin air and only later links it to Treasury liabilities, but this delayed linking to new debt does not necessarily have to be one to one. In other words bonds are not issued for the purpose of matching new Treasury liabilities to newly created money. In fact, I learned bonds serve an entirely different purpose than what we citizens, and many economists too, think they serve. Here is another place where you still have some evolving to do, and you have misrepresented entirely the truth of what I have actually said, which, by the way, is exactly what the fed website says about this. You say: "You know damn well the FED has private shareholders. The FED says so on its website. You don't deny that." So of course, I have never denied that. You have stupidly, I must say, insisted that the required ownership of fed stock implies ownership rights of the fed as it would were the fed a private sector corporation. That stock, a crazy artifact of the old pre-1930s fed, is not like private sector corporate stock. The fed also makes that very clear on its website. If you want to know where a entities ownership lies all you have to do is ascertain where the profits go. You also, say this, jem: " The Fed has given out trillions of its own according during Covid. 2.2 trillion at least of its own accord without specific authorization from Congress. But if you don't think the member banks make massive money from the FED operations you are nut job. The FED buys trillions in bonds and lets the member banks take commissions. They even let them front run sometimes. and the FED sometimes lends them trillions at below market rates. The Fed has given out trillions of its own according during Covid. 2.2 trillion at least of its own accord without specific authorization from Congress. But if you don't think the member banks make massive money from the FED operations you are nut job. The FED buys trillions in bonds and lets the member banks take commissions. They even let them front run sometimes. and the FED sometimes lends them trillions at below market rates. " jem, what can I say to this. Clearly much more evolving is needed from you. You can do it. I know you can. All of those things immediately above that you state are correct! But your tone suggests you would have us believe you think the fed should not provide money to banks a below market rates -- how jem would a bank make money were they to pay retail prices for the money they lend????? And of course banks , big ones at least, make billions (not trillions -- unless you are projecting their individual aggreghate profits over the next millenium.) Isn't that just whats so wonderful and amazing about capitalism! And of course the fed loans money to banks at wholesale rates, secured by collateral of course. Then the banks take that money and loan it out to you at retail rates. That what the fed is for and what banks do for a living. Is their something wrong with that? jem, you just amaze me at times!
Sweden drops to number 14 on the list of countries in the category "deaths per 1 million population". At one time, they were in the top 5. Their position in this category will continue to drop as the fullness of time will show.