Disqus - Latest Comments for PeterD

Re: What to Do If a Tenant Dies in Your Rental Property

PeterD — Thu, 03 Sep 2015 10:21:41 -0000

Apologies if this question is not appropriate. I am a resident of Quebec. Our tenant of many years who lived alone died last month. According to the Quebec Civil Code, the lease can be terminated once we have received notification from either the liquidator of the succession or an heir. It's almost a month now and we are still waiting. The only next of kin we aware of is of a son that lives in another province. But from what the tenant had once told us, he did not have any relations with his son. Even the police a few days after his death arrived to search for a next of kin among his personal belongings in his apartment, and they found nothing.

Re: Give it up, Psmithe - Taki's Magazine

PeterD — Wed, 09 Apr 2014 21:45:30 -0000

Does the "rest of Canada" include the "have-not" provinces of Prince Edward Island, Nova Scotia, New Brunswick, Manitoba and most recently Ontario?

Btw ... what makes Alberta a "have" province?
As far as not receiving equalization payments from the federal government, it is a "have" province." Unfortunately, that does not translate into a smart province. The dummies are destroying their provnice (read: tar sands). And for what? Selling a REAL and scarce resource to foreigners for ... currency. [snicker]

Re: Give it up, Psmithe - Taki's Magazine

PeterD — Wed, 09 Apr 2014 21:28:54 -0000

How so?

Re: Give it up, Psmithe - Taki's Magazine

PeterD — Wed, 09 Apr 2014 21:25:01 -0000

The Normans are descended from pirates?

Re: The Week That Perished - Taki's Magazine

PeterD — Tue, 17 Dec 2013 11:44:42 -0000

I am sorry that you are slow, but it's not possible to dumb it down any more. You will need to reread what I wrote above and take a few moments to reflect, preferably in some quiet surroundings.

Re: The Week That Perished - Taki's Magazine

PeterD — Mon, 16 Dec 2013 20:31:06 -0000

Usually, their deficit spending merely does violence to the value of the dollar.

When the government spends it creates dollars. When the government taxes it uncreates said dollars. So what are government deficits?

The non-government's net savings. Where else can the net savings come from? My goodness, if there were no government deficits there would be NO capitalism ;-)

And as to the value of the dollar ... How would the real wealth of the United States change if the dollar value, relative to some other currency, declined?

(It would not.)

Re: The City of Brass - Taki's Magazine

PeterD — Thu, 12 Dec 2013 11:25:26 -0000

... [Blair] who sent them there ... to pose with his sad face at the memorial service for that other maker of IEDs, Nelson Mandela.

Nelson Mandela would turn in his grave if he knew that war criminals such as Blair attended his funeral.

Btw ... Mandela was making IEDs in HIS "backyard."

Re: Bitcoin Goes Pro - Taki's Magazine

PeterD — Thu, 21 Nov 2013 09:41:45 -0000

Can you pay your taxes with bitcoins?

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Sat, 16 Nov 2013 18:00:18 -0000

So why don't you tell us why it's important for the Chinese to buy America's bonds, Abhay?

Come on, let's see if you can lecture this "retard." But who are we kidding, right?

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Sat, 16 Nov 2013 17:58:54 -0000

Who cares if the Chinese buy your bonds, dummy.

What profit are you talking about, dummy?

Haven't you been paying attention all this time?

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 17:31:59 -0000

There is only one story, J ... and it begins in 1971 when Nixon got America off the gold standard.

Ciao.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 17:31:36 -0000

Thank you.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 13:35:33 -0000

No shame in not getting it the first time, J. I certainly did not. Just ask me what you don't understand and I will try to explain it to you.

And don't compare your mortgate which is private debt to federal public debt. It is not the same thing.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 13:24:46 -0000

The Chinese simply moved their cash from a "checking" (reserve) account at the Fed to a "savings" (treasury) account at the Fed. So now the Chinese get some interest. No problem, the Fed will simply, with a push of a few buttons, enter their interest due to their account.

What happens when the Treasuries come due? No problem again -- the Fed will simply, again, with a push of a few buttons, move their money from their "savings" account to their "checking" account. And voila! Debt paid!

See, J ... it is nothing more than scorekeeping with the Fed as the scorekeeper :-)

China held something over 12% of US public debt.

In a modern economy such a statement is inapplicable. If the US. were still under a gold standard, for example, then yes.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 12:43:00 -0000

Of course they are money, John. But no one owes anybody anything: The Chinese sold Americans real tangible goods, and they were paid in American dollars. In other words, the Chinese wanted American dollars, and the Americans wanted real tangible goods. So, there was an exchange. Everybody is happy :-) So where does the "owing" bit come from?

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 12:34:45 -0000

Monetary sovereignty is a myth. But, let's not argue that point

All right, I won't. But if you change your mind....

Responsible, controlled spending is ALWAYS the best policy.

Exactly. That is why budget deficits or budget surpluses are neither bad nor good per se -- they have to be put in the context of how the economy is doing. If, for example, the economy is overheating, then government surpluses are in order.

You know, these welfare cheating mothers are nickle and dime stuff compared to what Wall Street gets away with. JPMorgan financially "nuked" Jefferson County, Alabama, just to bring up one example (btw, this tyipe of shit goes back decades; Oranage County, California suffered the same fate, too)

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 11:38:25 -0000

No sireee -- not even that!

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 11:36:22 -0000

Sounds plausible

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 11:33:55 -0000

I meant "no" to being Spain, Portugal or even Greece. America can't be because, unlike them, the Eurozone dummies, it has monetary sovereignty.

You don't slam the fiscal brakes when you are in a recession; you do the opposite.

As for prosecuting cheaters in government assistance programs, illegal immigrants, etc. that is something else.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 09:52:56 -0000

America does not owe money to the Chinese.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 09:47:37 -0000

"No" to all your questions above.

As for Yellen, she did say that the Fed's hand was forced by all those crazy austerity measures imposed on the American economy by Congress.

Re: OK, Let’s NOT Kill Everyone in China - Taki's Magazine

PeterD — Fri, 15 Nov 2013 09:40:25 -0000

What is the biological explanation for slanty eyes?

Re: You Don’t Mess With the Tsar - Taki's Magazine

PeterD — Tue, 12 Nov 2013 09:55:39 -0000

He stared down the president of the USA over Syria and so stole the crown of “most powerful man on the planet.”

Did he really stare down the Kenyan?

More like Pentagon officials finally waking up and seeing that the Syrian rebels were not as pro-American as they would like them to be.

Re: The Myth of Poverty - Taki's Magazine

PeterD — Sun, 10 Nov 2013 23:56:52 -0000

The current "money system" is not complicated to understand. Why should it be? It's been around for thousands of years. It's just you being a little on the slow side.

Re: The Myth of Poverty - Taki's Magazine

PeterD — Sun, 10 Nov 2013 23:51:16 -0000

Hey Frans,

You know you are trying my patience, don't you?

All US depressions -- all of them! -- have come after periods of government surpluses.