What the fuck are you talking about? My models give predictions that work exactly as they are supposed to, which is why I knew about the coming 2008 collapse, the coming USD collapse and of-course as a result of the USD collapse the coming bond market collapse. My model does not try to predict the exact timing of the collapse, that's impossible.

Your model predicts that if you print more money you will need to print more money, that's all it does.

I lived in Germany for such a long time that I can with absolute certainty tell you that any inefficiency in that economy is only caused by the monetary policy that you espouse - printing money. They absolutely should not print money, the Swiss are showing them how its done. Greeks can never repay their debts and it doesn't matter how much an 'average Greek' is working. You can be 'working' digging ditches and filling them up all you want, which is exactly the model that you espouse, you and other morons like Krugman. Germans can absolutely afford to work fewer hours, as they are very efficient because of the capital that they built up and created the tools that make them so efficient.

You have no idea what productivity is, you have no idea what efficiency means. In the former USSR people were 100% occupied and produced JACK SHIT compared to 'lazy' almost anybody at the time.

You are an idiot. Debts that are not repaid by creating actual economic output and instead used for consumption purposes do not generate economic growth.

Yeah, well, in Russian 'going left' is a synonym for cheating on your spouse.

As a famous Russian satirist said: Every man has the right to the left!

I read it, it's a bunch of nonsense and vague statements about future reforms.... sure, sure.

The reality is that Greece needs to be booted out of EU. German people are not interested in donating (and lets be clear, this is a donation, not a loan) more money to the Greeks standing with their hands out.

Without this bailout Greece would be forced to implement government spending cuts that would reform the economy and make it self sustainable. With this bailout this same exact problem, only with much larger numbers is going to replay itself a few years down the road. There is no escape - living on a handout does not produce any wealth, does not create a working economy, it simply creates even more culture of dependency and that culture will never go away until it is forced to simply by lack of free money.

Without the free money Greeks would restructure their economy. With the free money Greeks will do nothing but spend the money and ask for more. That document is for show, it means nothing.

Now, if you wanted a REAL document and a solution, Greece would be forced to repay at least some of its debts by selling its assets immediately. Then they could restructure the debt, pay 60 cents on the dollar or 30 cents on the dollar, doesn't matter. But they would truly display willingness to work with the lenders.

What this is here, it is the display of denial from the Greeks and it is display of weakness from the Germans who cannot reign in their crazy government that is stealing from the Germans.

If Greeks want charity, they should ask for charity from those same Germans. If Greeks want a real economy, they should build their economy by eliminating their unsustainable government programs and reducing their taxes.

The real austerity comes in the form of very low taxes and very little government and without this there will be no rebuilding of the economy.

I said this before and my comments went up to +5 and then to 0 and back to +5 and back to 0 and then to +5 and now to 2 I think (or whatever it is at the moment).

Clearly this is a contentious issue, but it is the only solution. Moderating my comments lower does not change reality, it only prevents me from replying to other comments, so it's your call whether you want me to reply to other comments (even in this thread) or not.

Welcome to the club. You know, if you keep it up you will develop a strong following of crazy moderators to shut you up at any opportunity. Karma here is used to control speech, you will learn it in a short order.

I'm Canadian -- I can't vote in American elections.

I can and do vote here in Canada, and in our upcoming election we have an option (NDP) who have promised to repeal the horribly flawed bill C51 (https://en.wikipedia.org/wiki/Anti-terrorism_Act,_2015). I encourage all like minded Canadians to get out and vote this fall.

I didn't say it wasn't getting better (mainly through better safety features and better design in cars), but that spending money on the security state is an incredibly inefficient way to make people safer and save lives. Doing almost anything *other* than just lighting the money on fire (you know -- sending a message :-) would likely be a more effective way to make people safer.

If that were actually true that saving lives or keeping people safe were their true priority, they could be vastly more effective by spending their money on reducing the highway traffic fatality rate. Over 30,000 people die on the roads of America every year. Reduce that by 10% and you'll save the equivalent of a 9/11 attack *every* year.

Of course safety and saving lives is not their primary purpose -- it's entrenching their power structures. The ability to pry into everyone's communications and files is (in their opinion) essential to that.

Well, you give a monkey a robotic arm and you get Kiko doing whatever Kiko does...

You give rats a computer to command and rats end up using the computer to crawl into a dark place, maybe in search for food.

Of-course it is up to you, as a developer to use the understanding of a rat's mind to apply the rat's way of thinking to solve a problem, but now not only are you a computer programmer but also have to be a rat's psychology expert.... Well, maybe some of us are, given what kinds of people we sometimes have to deal with.

A medical application: how about using this (or a similar) device to pull foreign objects stuck in people's vital organs?

This guy had a pitchfork 'tooth' stuck under his eye, 10 cm of it entered his brain. Doctors were able to remove the object successfully this time.

Who knows, another time it could be more difficult. Attach the object to this reduction gearing device and slooooowwlyy pull it out, letting the blood clot or even tissue scar in process maybe.

They should make it an opt in for those who don't want to manage it themselves. Keep a key to allow a representative to help unlock the account for those who want that feature and not keep the key for the rest of us.

Let's kill all advertising so that you will not be able to find any new products or services and no company could find a client who didn't know the company directly somehow. Wouldn't it be great, not to know about anything people are trying to create for you?

Ha ha ha ha ha, sure, you can believe in magic if you like, in this reality though we obey the laws of thermodynamics, especially conservation of energy and momentum. You cannot consume what you did not produce.

Take an empty island, put 1,000,000 people on it and if they do not produce they will not eat. No amount of funny money printed by 'government' will solve that very basic issue of food and energy and shelter and other life necessities (and luxuries) not coming into existence just because you printed some candy wrappers.

- I absolutely agree with you, which is why the bond collapse will happen as the result of the currency crisis, which will result from this inflation.

- of-course people don't want to spend on bonds and stocks that is the 'demand' we are talking about, let's be clear about it. People are not buying the bonds and stocks that governments want to see selling.

The reality is that the inflationary policy is destroying the economy and a destroyed economy will collapse in its own right, the currency collapses because of the government spending that the mob wants and the economy collapses due to this gigantic misallocaiton of resources. The currency collapse triggers the bond market collapse, since bonds are currency promised in the future.

Japan is stagnating specifically because it is inflating like the USA but its currency is NOT the so called 'reserve', and so the inflation that Japan is producing stays within its own borders, it's absorbing its own inflation and destroying its own economy.

The USA is using the status of the 'reserve currency' to spread the misery around, spreading inflation is national past time, the biggest USA export is its inflation, which creates inflation everywhere else before taking home back to the USA. This is happening of-course anyway, it's manifesting itself as destruction of the productive sector, gigantic real unemployment, class warfare, bubbles in everything everywhere.

The 0% Fed's interest rate for 7 years put USA economy on the inflationary needle and this drug will not be kicked without a huge collapse first, no junkie kicks his habit before hitting the rock bottom.

The clear best answer for the economy in general is free market and removal of government from money and interest rate manipulation, abolition of the welfare state and restructuring of all debts. Whether saving is worth more than borrowing is a question to the healthy free market, something that USA lost long ago.

Ha ha, what a funny comment.

Money is
1. Store of value.
2. Means of exchange.
3. Unit of account.

I understand that it's way above your head, since you believe money to be CREATED by government, which is absolute, unadulterated, pure 100% nonsense that leads to disasters like Greece, like Zimbabwe, like USSR and hundreds of others.

Government cannot create money any more than government can create anything and it does not create anything of any productive value and it shouldn't.

Money comes into existence when new goods are produce that people are willing to exchange for, in that case money comes into existence through deflation of money supply with regards to the total productive output.

Money comes into existence when people decide what it is that they actually want to exchange in and store value in and what is easy to count, divide, add, subtract, which is why gold is money.

Money does not come into existence by any government magic or by any other form of magic, that is true, the only thing that government 'magic' (or fractional reserve magic for that reason) can do is take value from existing assets and redistribute it by lowering asset values. This trick really only works if the government has a monopoly on that type of asset, which is why government sets up counterfeiting laws that prohibit competition to the counterfeiting operations that government is running whenever it turns on the printing press.

The real USD existed when in fact IT WAS AN IOU, it was a banknote issued by the bank who promised to deliver gold upon receiving the note.

What governments do is not money creating, what governments do is price controls, exchange controls, inflation and theft, but they cannot create money. A government can dilute the value of all money in existence but it cannot create money, it cannot add net value into the system, it can only subtract net value.

An organization that is capable of adding net value into the system runs a profitable business, not a government, which lives on coercion backed by deadly force.

Anyway, I am sure this is either completely above your head and/or completely against your propaganda.