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Always thinking about the safety of their citizens, "whats that, almost a thousand inmates and 120 or so guards at imminent risk of dying in a storm surge flood? Lol who cares they're inmates" - Dexter Lee, probably
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Sep 12, 2018 01:34
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mods changed my name posted:has anyone got to this part of the new book? It could be done. wiki posted:The concept of striking a trillion dollar coin that would generate one trillion dollars in seigniorage, which would be off-budget, or numismatic profit, which would be on-budget, and be transferred to the Treasury, is based on the authority granted by Section 31 U.S.C. § 5112 of the United States Code for the Treasury Department to "mint and issue platinum bullion coins" in any denominations the Secretary of the Treasury may choose. Thus, if the Treasury were to mint one trillion dollar coins, it could deposit such coins at the Federal Reserve's Treasury account instead of issuing new debt.[4][5][6][7] https://en.wikipedia.org/wiki/Trillion_dollar_coin It was suggested Obama do that during the Debt Ceiling crisis. SimonCat fucked around with this message at 01:45 on Sep 12, 2018 |
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Sep 12, 2018 01:40
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SimonCat posted:It could be done. It wasn't suggested by anyone credible and only picked up by RWNJs.
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Sep 12, 2018 01:46
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DEEP STATE DEEP STATE DEEP STATE https://twitter.com/GeorgePapa19/status/1039331726672187393 https://twitter.com/GeorgePapa19/status/1039275949718683654 https://twitter.com/GeorgePapa19/status/1039269688436568064
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Sep 12, 2018 01:52
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Stultus Maximus posted:It wasn't suggested by anyone credible and only picked up by RWNJs. Still legal, USD are a fiat currency.
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Sep 12, 2018 01:55
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I'd suggest burning SC to the ground again but it's gonna be so waterlogged by the end of the week it'll never hold a flame.
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Sep 12, 2018 01:56
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Has anyone heard if they are planning on shutting down whatever nuclear generating plants are running in the Carolina's and or VA?
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Sep 12, 2018 02:07
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Stultus Maximus posted:DEEP STATE DEEP STATE DEEP STATE I mean, he was also party leader of the Liberal Party of Australia and Leader of the Opposition, a high level diplomat, foreign minister, and a bunch of other poo poo. Yeah he's a conservative twit and a lovely person, but he's sure accomplished a lot more than Pappadop ever will. Is he going to jail or what? edit: Also this: https://www.youtube.com/watch?v=jxAEll95Sgw
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Sep 12, 2018 02:08
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Wasabi the J posted:So the Ft Irwin Rigg's Trailer in LW  Hey this was the plot of the 2009 Nicholas Cage Joint "Bad Lieutenant: New Orleans" or whatever
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Sep 12, 2018 02:12
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sharknado slashfic posted:Rigg's Trailer in LW Prison guards abused the gently caress outta inmates during the Katrina fiasco
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Sep 12, 2018 02:13
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Hot Karl Marx posted:Prison guards abused the gently caress outta inmates during the Katrina fiasco Yeah. The beginning of the movie has him (very reluctantly) saving a drowning inmate (in the Katrina flooding) and injuring himself or something which leads to him becoming a drug addict.
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Sep 12, 2018 02:15
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SimonCat posted:Still legal, USD are a fiat currency. I don't think his quibble is with the legality, friendo
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Sep 12, 2018 02:22
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https://twitter.com/Will_Bunch/status/1039683319741509632?s=19 lol if ICE ends up doing hurricane relief
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Sep 12, 2018 02:25
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Has a first world nation ever actually tried it, though? I know plenty of lovely banana republics have destroyed their currencies by printing more currency, but I'm not entirely convinced a fiat currencie'd OECD power couldn't do it without tanking their economy. It's probably too risky to gamble on but still.
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Sep 12, 2018 02:25
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sharknado slashfic posted:Yeah. The beginning of the movie has him (very reluctantly) saving a drowning inmate (in the Katrina flooding) and injuring himself or something which leads to him becoming a drug addict. https://www.youtube.com/watch?v=0TsKrfIGaJY "$23 for my copay; here's $40, get everyone a drink"
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Sep 12, 2018 02:28
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Don Dongington posted:Has a first world nation ever actually tried it, though? we kinda did, in the stagflation
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Sep 12, 2018 02:28
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Don Dongington posted:Has a first world nation ever actually tried it, though? The government could just forgive all the bonds it owes itself, couldn't it?
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Sep 12, 2018 02:52
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SimonCat posted:The government could just forgive all the bonds it owes itself, couldn't it? Yes I'm sure a government deciding a chunk of its debt doesn't matter will have no flow on effects
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Sep 12, 2018 02:54
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https://twitter.com/shaunking/status/1038871389036597249
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Sep 12, 2018 02:54
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SimonCat posted:The government could just forgive all the bonds it owes itself, couldn't it? I could eat my own poo poo but I won't because that's an absolutely moronic idea
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Sep 12, 2018 02:57
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UP THE BUM NO BABY posted:I could eat my own poo poo but I won't because that's an absolutely moronic idea Proud of you for not doing that
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Sep 12, 2018 02:58
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Slavic Crime Yacht posted:Yes I'm sure a government deciding a chunk of its debt doesn't matter will have no flow on effects Well, what effect would it have?
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Sep 12, 2018 03:05
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Syrian Lannister posted:Has anyone heard if they are planning on shutting down whatever nuclear generating plants are running in the Carolina's and or VA? But they don’t generate profit when shut down? 
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Sep 12, 2018 03:12
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SimonCat posted:Well, what effect would it have? Credibility would be shot, value of currency would drop, and interest rates would skyrocket, and basically every system that uses the USD would be destabilized Not quite this https://youtu.be/noQsHiTJAXo
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Sep 12, 2018 03:12
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Slavic Crime Yacht posted:Yes I'm sure a government deciding a chunk of its debt doesn't matter will have no flow on effects Thinking too small: nationalize all domestic property owned by Russian or Chinese nationals or their thousands of shell corporations 
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Sep 12, 2018 03:15
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SimonCat posted:Well, what effect would it have? No idea, but I really doubt it would be good. I'm not an economist but you cant pull a move like that and expect it to go down well
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Sep 12, 2018 03:16
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Anyone still in know if they still have those two old lovely subs in charleston for training and are they being forced to ride out this storm?
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Sep 12, 2018 04:13
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M_Gargantua posted:Thinking too small: nationalize all domestic property owned by Russian or Chinese nationals or their thousands of shell corporations This isn't a terrible idea, especially if it's led by municipalities.
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Sep 12, 2018 04:19
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Onion continues to bring it https://twitter.com/TheOnion/status/1039201480597749761?s=19
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Sep 12, 2018 04:20
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M_Gargantua posted:Thinking too small: nationalize all domestic property owned by Russian or Chinese nationals or their thousands of shell corporations Midtown Manhattan becomes the country’s largest government-run housing project. Actually, you’re really on to something here.
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Sep 12, 2018 04:21
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Use the assets as leverage for general obligation bonds and cover the conversion w that. That or just get normal revenue bonds and pocket the difference to build pumps and sea walls
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Sep 12, 2018 04:33
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Relentlessboredomm posted:Onion continues to bring it Local Satire Publication Not Helping Things.
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Sep 12, 2018 04:34
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I love this poo poo https://twitter.com/Relentlessbored/status/1039718648984870912 Vincent Van Goatse posted:Local Satire Publication Not Helping Things. Satirists realize no one listening, begin readying for violence
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Sep 12, 2018 04:36
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https://twitter.com/DavidBegnaud/status/1039712520024588290
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Sep 12, 2018 04:38
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bob dobbs is dead posted:we kinda did, in the stagflation As I understand it, (it ended the year i was born) the Stagflation period was kicked off by the rapid rise in oil prices, which lead to a massive increase in production costs. Central banks then tried to use economic stimuli to keep the economy going, as had worked in the past - but because this didn't address the root cause of the problem (insane relative production costs), all it did was inflate the poo poo out of the currency, while unemployment remained high. Paying off state-held debts via issued currency in the absence of such conditions isn't necessarily guaranteed to cause similar conditions, in my opinion. Of course, in the hands of the current governments in the UK, US and AU, it would definitely result in negative conditions for the general public, while overwhelmingly benefiting the 1% - but I've seen nothing to convince me that a fiat nation, under controlled conditions with the right governance, couldn't wipe out debt with issued currency without tanking the dollar. Of course, I'm under no delusions that the institutions that benefit from late-stage capitalism would not find a way to punish that government for "breaking the rules", nor that a subsequent neoliberal government wouldn't try the same trick without the safeties built in to protect the currency, and gently caress it up for everyone.
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Sep 12, 2018 04:43
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So is this a gross failure of a federal agency or local gov't?
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Sep 12, 2018 04:53
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Godholio posted:So is this a gross failure of a federal agency or local gov't? Something this stupid affords plenty of blame to go around
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Sep 12, 2018 05:02
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Don Dongington posted:Has a first world nation ever actually tried it, though? Weimar Germany turned out fine Dammit Radium! Also: The inland "S" is literally on top of my house can I shoot this thing for coming right at me or are hurricanes too white?  Furthermore, I'm offended by some of the items that weren't sold out at the grocery store. Y'all would really rather starve to death than eat salmon cakes? And don't even get me started on the Dresden-rear end looking applesauce aisle that still had a full stock of unsweetened. Really? Really? You need extra sugar in some poo poo that's already MADE OUT OF loving FRUIT? shame on an IGA fucked around with this message at 05:21 on Sep 12, 2018 |
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Sep 12, 2018 05:19
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Dude it's cool the President said no expense will be spared repairing any damage from Florence we will get it right this time 
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Sep 12, 2018 05:40
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Latest models apparently have Florence idling off the coast a bit and then turning south just after making landfall, NWS dudes are calling it the "storm of a lifetime". I'm guessing coastal NC/SC isn't gonna be very happy about this
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Sep 12, 2018 05:42
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