The American (USA) 2016 presidential elections thread?

[jasonu]

I think you're confusing Indians and Chinese with Samoans.

Best post in ages!!!!!

[jasonu]

Think it'd happen anywhere responsibility for the loan isn't directly linked solely to the borrower and the lender.

True enough. Freddie Mac and Fanny May, amongst others got a ration for their loaning practices.

[TheDemonLord]

In some cases a nice house that is worth 1/2 what you owe on it and no job ie you're fucked. That's what happened here in 2008.

Well, the no job part would be unfortunate - but my point being is that:

a: a paper value loss isn't necessarily a bad thing if you are still enjoying a high standard of living.
b: Those things are widely considered valuable and as such, it is only a matter of time till the market bounces back again.

[Brian d marge]

Difficult to repay . You reckon it can be repaid?

I know Japan , I assume it's similar elsewhere
It's mathematically impossible to repay all the debt in a fiat currency model
If Japan's debt level gets to 4% then the tax take is not sufficient
So they either low the interest rates or devalue the currency or find a new .com bubble
Tis what happened in Germany

The question is how long can the can ( great song by Suzi Quotro) be kicked down the road.

sent for a divine source

[Brian d marge]

Not so. The popular vote is bloody near irelevant it seems. In the nature of a consolation prize to the loser?
There was virtually no mention of it on the CNN live coverage. All they were interested in was the electoral college figures, and Trump won those convincingly.

Some media have been mentioning Trump's mandate. Others question what mandate he has if he lost the popular vote.
I'm with the late Gil Scott Heron, "Mandate my ass!"

I need to get a little more up too speed on this popular vote thing , I just caught it on an alternate media site last night

sent for a divine source

[sidecar bob]

In some cases a nice house that is worth 1/2 what you owe on it and no job ie you're fucked. That's what happened here in 2008.

Nobody forces anyone to get into debt, if people want to leverage themselves that hard its tough luck if they come a cropper.
Where there is return there is also risk.

[yokel]

I need to get a little more up too speed on this popular vote thing , I just caught it on an alternate media site last night

sent for a divine source

The popular vote is irrelevant as that's not how it's played and won.
They campaign to get the electoral votes.

[yokel]

Nobody forces anyone to get into debt, if people want to leverage themselves that hard its tough luck if they come a cropper.
Where there is return there is also risk.

Fair enough, but why should the people have to bale out the bankers after getting people into unserviceable debt?

[mashman]

I know Japan , I assume it's similar elsewhere
It's mathematically impossible to repay all the debt in a fiat currency model
If Japan's debt level gets to 4% then the tax take is not sufficient
So they either low the interest rates or devalue the currency or find a new .com bubble
Tis what happened in Germany

The question is how long can the can ( great song by Suzi Quotro) be kicked down the road.

sent for a divine source

It were a rhetorical question .

So long as they're printing money, you can kick the can as long as you like... til someone of influence sharts themself badly enough that it all comes tumbling down. Risk eh. Good job it's so localised.

[Brian d marge]

Yeah, third world conditions are lower than most of us would like. But they're massively better than they were before free markets and international trade allowed them a slice of the pie. A slice that continues to grow year by year: https://ourworldindata.org/grapher/d...hare-1820-2015


So how 'bout you go ask all them "slaves" if they'd rather go back to 80% infant mortality, a lifespan average of 17, zero health care, subsistence farming/fishing, endemic government corruption and routine tribal warfare or whether they'd rather continue actually improving their lives by picking up jobs their western clients can't be fucked doing.

Quoting from your 1979 Cia world fact book , Christmas edition
Is like a farmer asking the turkeys about Christmas

It may have escaped you notice but in order to compare you need a base line
So let's try and find a non corrupt government..
Yes u can use their criteria. But u need a base line

I would stick to ur Dan dare album ya mom gave ya

sent for a divine source

[sidecar bob]

Fair enough, but why should the people have to bale out the bankers after getting people into unserviceable debt?

Well I'm not equipped to answer that.
All I can tell you is that I was not bailed out of anything as a child or young adult, therefore I don't go into anything thinking that anyone will bail me out if I fuck it up, so am wired accordingly to choose my path very carefully.

[Stylo]

We'll have to see where the horse will take them, I guess ...

Breakback Mountain revisited

[jasonu]

Nobody forces anyone to get into debt, if people want to leverage themselves that hard its tough luck if they come a cropper.
Where there is return there is also risk.

Right on Sista. In the early 2000's people here including a couple of mates re financed their houses as the value was shooting up, spent the money on quads, boats, trips, cars etc. When the bubble burst. Nek minit...see post 2232.

[Brian d marge]

It were a rhetorical question .

So long as they're printing money, you can kick the can as long as you like... til someone of influence sharts themself badly enough that it all comes tumbling down. Risk eh. Good job it's so localised.

Zimbabwe, Venezuela, your friend and mind wiemar, and Japan
Top of the fantasy league of champions.
The US of A are in extra time 2 goals down...

sent for a divine source

[Katman]

I don't agree with his pick on a Sanders/Trump outcome but his viewpoint is certainly worth considering nonetheless.



(He even talks about bogan @ 7.35).