That whole "Quantitive Easing" thing was fed to us in the UK media 2 years ago as a good thing, "getting money into circulation again" they said. When actually it's just putting more money into the system without any capital to back it up with, therefore devaluing the money its citizens are given.

what do you guys think about commodity linked currencies? like the gold standard?

Yes, because any country's economy fixes itself from a 130% debt-to-GDP in 2 years.

You might aswell link the currency value to the price index

I wouldn't presume to claim that 2 years was enough to right the Greek fiscal ship. But hopefully we can agree that an effective prescription (austerity in this case) shouldn't make the disease worse.

MDD

Social Security plus Medicare plus Welfare combined, doesn't even come close to our yearly war expenditures.

Yeah, like the private capital that is pouring into Greece and how much wealthier that country is now that they've had 2 years of extreme "firing of state workers and waste reduction" (a/k/a "austerity measures").

I wonder how much else of your bloviating is flat-out wrong.

MDD

SS plus medicare is 498 billion over defense.

Def is 738B, SS is 738B.

http://www.nytimes.com/interactive/2010/02/01/us/budget.html


Agree on your point about cutting defense though, no point in fighting a bunch of silly wars that are not necessary.

Professional jita trader about what?

Some of the people that posted here know quite alot of what they're talking about.

in short as was said multiple times
increase in tax will result in increase prices for consumers, traders won't pay it.
the simplest of reasons is that the demand for most eve materials is non-elastic.

not a jita trader
jita STATION trader
this is a big big difference

I haven't seen so much, except all the trading bots

just for interest if here are some who are doing this kind of job in jita
I'm one of these rare people.

"Universal healthcare is good, don't get me wrong. But having government healthcare competing with private healthcare isn't good, nor is adding trillions (plural) of dollars to a debt that is already spiraling out of control. The money pool the government said would pay for it failed in the trial run, before even coming to implementation."

Most countries with Universal healthcare not only pay less but also provide better and quicker services. If you're looking to to cut fat, look at the military. In 5 years, we spent enough on the military to pay for health-care and college for 10 years for everyone of age in the USA.

The military doesn't look big in the USA budget because anything that pertains with war does not have to come from the budget. They can just spend it and worry about the fallout later. Anything that has to do with war is effectively put on a credit card with no spending cap.

Social Security plus Medicare plus Welfare combined, doesn't even come close to our yearly war expenditures.

I don't think you've added in social security and all other medical-related programs the government handles, plus the new Medicare bill, and you've got the largest part of the U.S. Budget.

And while other countries do have universal healthcare, every single one has problems in it, and every snigle one has to devote large portions of the government budget to it.

Social Security shouldn't be added, as it's broadly understood to pay for itself already.

Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.

First of all, Social Security is paid for by a separate tax. It doesn't contribute to the national deficit, because it is funded as its own thing, directly and wholly from those taxes. In other words, no extra funds from the general budget are added toward Social Security. Secondly, it's invested in US Treasury Bonds, which beat inflation. So yeah, it does pay for itself. And that's why it's misleading to add Social Security to Medicare when we're talking about the general budget of the federal government. One pays for itself while the other does not (certain parts of Medicare require the explicit release of funds by Congress, above and beyond special taxes that fund Part A).

Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.

Hahaha, yeah, ok.

You cannot make 200-300M per hour on a steady basis station trading.
there are a few traders that cross the 1B a day, but i think it's a handful.

I'll take that as an "I understand."

You do whatever you need to do to maintain your illusions, should be easy enough to do for an obvious statist who happily ignores BLS manipulations.

Well, I presented what are generally referred to as facts, and you presented "Pfft!"

Forgive me for rushing to an interpretation. Obviously both of these viewpoints are equally valid.

SS plus medicare is 498 billion over defense.

Def is 738B, SS is 738B.

http://www.nytimes.com/interactive/2010/02/01/us/budget.html


Agree on your point about cutting defense though, no point in fighting a bunch of silly wars that are not necessary.

Sorry but yes you can.
Most of my friends make 300m plus a day and I make between 1.8 to 2.5 bill a day with a record of 10.5 b peak in one day.
It's not hard.
And I don't think I'm particularly unique either.

As i said, you cannot make 200-300M PER HOUR, station treading, on a steady basis(like the message said).
You might have good days, you might have better days, but to consistently pull 300M PER HOUR doing nothing but station trading is incredibly difficult, to the point i would say is impossible.

the key word is consistently. Also, I know people that make 1B a day, they don't play 3 hours a day for those days(station trading, taht is.)