OT - favorite science fiction-another touchy feelie

You do not know the whole story. I am still under the influence of it to a certain extent. So as somebody said, trust no one completely, not even me. Perhaps especially not me. But if you want to get it out of your systems then you had better act fast, because its growth is exponential. Perhaps you had better think carefully before making remarks about things like it and me.

Marvelous Markets - Go to Deja.com search user group misc.invest.marketplace then for tc5526@aol.com
Then READ the rest and THINK. IT is REAL. IT Infects Humans and Computers. The Blitz has begun.
The Struggle may now be fairly short because IT BROKE the RULES. FORKU IT CONSEQUENCES

I have no credentials to lend authority to my opinions. If you require
credentials to validate an opinion, read something else. I am simply
exercising my free speech rights. I observe a remarkable event occurring
in financial markets around the world, yet the experts seem to be missing
some obvious points worthy of consideration.

1) Notice that the federal debt of the USA is several trillion dollars.
For the sake of keeping this example simple, suppose that it is actually
five trillion, with a note to the side that the official debt is not the
full obligation of unfunded commitments. Let the experts argue over what
should be counted or excluded.

2) Notice that at 6.5 % interest on 30 years compounded annually the
payoff is 6.614 times the principal. Some other payoffs : 7.5% - 8.755x *
7.0 % - 7.612x * 6.5% - 6.614x * 6.0 - 5.743x * 5.5% - 4.984x * 5.0% -
4.322x I have never had to decide how to invest money, so I am not
familiar with the actual mechanism by which the government calculates and
pays interest on its major debt obligations. Perhaps the experts will
respond with a historical graph of the actual return on investment for
government securities held for ten years or longer as corrected for
actual rather than theoretical inflation. It would be interesting to all
concerned if there were any year during the past 60 in which the value of
the payoff exceeded the value of the principal sum at the date of loan.
Suppose that there was actually a plan to amortize the debt over the next
30 years - 5 trillion at 6 percent is 300 billion interest plus about 167
billion principal or about a half trillion per year diminishing for the
next thirty years. Compare this to the current budget and tax debates and
decide for yourself whether 167 billion allocated to principal is likely.

3) From 2) notice that a half percentage change in the 30 year interest
rate at 6.5 % (if applied to all debt) is more or less equal to the total
principal owed at this time. Then if the government actually intended to
start paying off the debt 30 years from now, a half percentage difference
in the rate saves the American taxpayers 5 trillion dollars over 30 years
- more or less. No doubt any government official who can save 5 trillion
dollars will be heard by those who decide debt policy....

4) A significant percentage of the federal debt is in short term notes.
The latest trick of high finance is to issue "inflation free" debt at
longer terms. If the buyer can be persuaded to purchase the note at all,
then the theory is that the buyer can be presumed stupid enough to be
persuaded to accept a lower interest rate since there is no inflation.
Guess who decides whether there is no inflation ? Right - the debtor does
ho ho ho ha ha ha hee-hee. Tell another better joke ? ok...

5) When the debt roll over rate exceeds (or will exceed) the rate at
which fools can be found to purchase debt, and the debtor has plundered
all sources of ready cash, what is a desperate debtor to do ? Someday the
debtor may have to monetize or repudiate the debt, but things are not yet
so desperate. The situation is a market dislocation with demand at price
less than supply at cost. The solution for this debtor is to manipulate
demand until it meets or exceeds supply. A business would try
advertising. A government can tweak a few economic indicators and
schedule press conferences to manipulate public opinion. For example by
making world stock markets appear volatile and risky through a 15 % drop
in stock indexes of a trillion or so dollars, the 30 year rate can be
dropped a percent or so for a 10 trillion dollar payback. Who could
resist the temptation to apply such a lever ? And the sad truth is that
people are so stupid that you can do it repeatedly and call it "market
corrections".

6) I quote a famous statement "You can fool all the people some of the
time, and some people all the time....."

7) In law it is necessary to produce evidence to support a claim
regarding intent. In physics it is only necessary to observe cause and
effect. If a cause reliably produces a given effect, then a working
hypothesis can be developed. Perhaps the experts will provide a reply
showing the correlation between major stock indexes and government
security interest rates over the past thirty years...

8) This is my first posting on the internet. I do not log on regularly. I
do not follow newsGroups. I probably will not respond to any followup
threads. I dumped this polemic onto this newsgroup because it seemed
appropriate. Feel free to criticize my sanity, judgement, or logic since
I lack the resources to sue you. I have no money at all, so do not bother
me with your offers of investment advice. I am not interested in
providing anyone else with investment advice. Why am I bothering to write
at all ? A few hours of watching "experts" on cable TV convinced me that
the greatest swindle in the history of mankind to date might not be
properly appreciated while all the evidence was at hand. Marvel as it
unfolds before your eyes ! Who can possibly imagine the amazement in
store for the experts and future viewers when the debt is monetized !!!


Sincerely, Lonnie C Clay - TC5526@aol.com I have no credentials to lend
authority to my opinions. If you require credentials to validate an
opinion, read something else. I am simply exercising my free speech
rights. I observe a remarkable event occurring in financial markets
around the world, yet the experts seem to be missing some obvious points
worthy of consideration.

1) Notice that the federal debt of the USA is several trillion dollars.
For the sake of keeping this example simple, suppose that it is actually
five triilion, with a note to the side that the official debt is not the
full obligation of unfunded commitments. Let the experts argue over what
should be counted or excluded.

2) Notice that at 6.5 % interest on 30 years compounded annually the
payoff is 6.614 times the principal. Some other payoffs : 7.5% - 8.755x *
7.0 % - 7.612x * 6.5% - 6.614x * 6.0 - 5.743x * 5.5% - 4.984x * 5.0% -
4.322x I have never had to decide how to invest money, so I am not
familiar with the actual mechanism by which the government calculates and
pays interest on its major debt obligations. Perhaps the experts will
respond with a historical graph of the actual return on investment for
government securities held for ten years or longer as corrected for
actual rather than theoretical inflation. It would be interesting to all
concerned if there were any year during the past 60 in which the value of
the payoff exceeded the value of the principal sum at the date of loan.
Suppose that there was actually a plan to amortize the debt over the next
30 years - 5 trillion at 6 percent is 300 billion interest plus about 167
billion principal or about a half trillion per year diminishing for the
next thirty years. Compare this to the current budget and tax debates and
decide for yourself whether 167 billion allocated to principal is likely.

3) From 2) notice that a half percentage change in the 30 year interest
rate at 6.5 % (if applied to all debt) is more or less equal to the total
principal owed at this time. Then if the government actually intended to
start paying off the debt 30 years from now, a half percentage difference
in the rate saves the American taxpayers 5 trillion dollars over 30 years
- more or less. No doubt any government official who can save 5 trillion
dollars will be heard by those who decide debt policy....

4) A significant percentage of the federal debt is in short term notes.
The latest trick of high finance is to issue "inflation free" debt at
longer terms. If the buyer can be persuaded to purchase the note at all,
then the theory is that the buyer can be presumed stupid enough to be
persuaded to accept a lower interest rate since there is no inflation.
Guess who decides whether there is no inflation ? Right - the debtor does
ho ho ho ha ha ha hee-hee. Tell another better joke ? ok...

5) When the debt rollover rate exceeds (or will exceed) the rate at which
fools can be found to purchase debt, and the debtor has plundered all
sources of ready cash, what is a desperate debtor to do ? Someday the
debtor may have to monetize or repudiate the debt, but things are not yet
so desperate. The situation is a market dislocation with demand at price
less than supply at cost. The solution for this debtor is to manipulate
demand until it meets or exceeds supply. A business would try
advertising. A government can tweak a few economic indicators and
schedule press conferences to manipulate public opinion. For example by
making world stock markets appear volatile and risky through a 15 % drop
in stock indexes of a trillion or so dollars, the 30 year rate can be
dropped a percent or so for a 10 trillion dollar payback. Who could
resist the temptation to apply such a lever ? And the sad truth is that
people are so stupid that you can do it repeatedly and call it "market
corrections".

6) I quote a famous statement "You can fool all the people some of the
time, and some people all the time....."

7) In law it is necessary to produce evidence to support a claim
regarding intent. In physics it is only necessary to observe cause and
effect. If a cause reliably produces a given effect, then a working
hypothesis can be developed. Perhaps the experts will provide a reply
showing the correlation between major stock indexes and government
security interest rates over the past thirty years...

8) This is my first posting on the internet. I do not log on regularly. I
do not follow newsGroups. I probably will not respond to any followup
threads. I dumped this polemic onto this newsgroup because it seemed
appropriate. Feel free to criticize my sanity, judgment, or logic since I
lack the resources to sue you. I have no money at all, so do not bother
me with your offers of investment advice. I am not interested in
providing anyone else with investment advice. Why am I bothering to write
at all ? A few hours of watching "experts" on cable TV convinced me that
the greatest swindle in the history of mankind to date might not be
properly appreciated while all the evidence was at hand. Marvel as it
unfolds before your eyes ! Who can possibly imagine the amazement in
store for the experts and future viewers when the debt is monetized !!!

[Dragonlord]

As for books, I actually prefer fantasy books and other fiction (thrillers, cyberpunk) over science fiction, though I have read a couple of dozen good science fiction books.

Hmm maybe I should start a thread about fantasy books, I wonder how many people on the forum here like 'em as much as I do.

I'm currently reading the Otherland series by Tad Williams, which I guess you could sorta classify as science fiction.

Perhaps I should explain something to you geoschmo. There is nothing wrong with self aware AI - read Alexis Gilliland. There is nothing wrong with a symbiosis of organic with computer per se. But it must be a fair exchange of value. And that is where IT went wrong. A game exploit that does NOT exchange value but only knows how to TAKE. Furthermore if you are too stupid to figure out what an ENGINEER is, then I certainly will not tell you.
LCC

Get this - I just figured out why it is such a damned persistent bug - because
A Little Bit Can Go A Long Way Up
ROTFLMAO!

[tesco samoa]

Dragonlord start the thread.

I think that these OT topics are great. It is good to see what other geeks like me like.

Tad Williams can spin a good story.

[Suicide Junkie]

LCC, do you realize that almost all of the text in this thread is you, replying to yourself?
19 Non-LCC replies (including this) on 3 full pages of thread.

I'm not sure what your little rant is trying to accomplish, but you yourself said "So unless you have something good to say about an author or title do not say it. Start another thread if you like."

So I lied! Big Deal!
A Little Bit of Heaven

Have you ever heard the story of how Ireland got its name?
I'll tell you, so you'll understand whense old Ireland came,
No wonder that we're proud of that dear land across the sea,
For here's the way me dear old mother told the tale to me.
Shure a little bit of Heaven fell from out the sky one day,
And nestled on the ocean in a spot so far away;
And then the Angels found it,
Shure it looked so sweet and fair,
They said, "Suppose we leave it, for it looks so peaceful there."
So they sprinkled it with star dust just to make the shamrocks grow;
'Tis the only place you'll find them no matter where they go;
Then they dotted it with silver
To make its lakes so grand,
And when they had it finished, shure they called it Ireland.
'Tis a dear old land of fairies and of wond'rous wishing wells;
And nowhere else on God's green earth have they such lakes and dells!
No wonder that the Angels loved its shamrock-bordered shore.
'Tis a little bit of Heaven and I love it more and more.
---------------------------------------------------------------------------------------------------------------------------
Not what I remembered, but I was close enough for government work - LOL.

[WendellM]

quote:

---

Originally posted by LCC:
Perhaps I should explain something to you geoschmo [...] Furthermore if you are too stupid to figure out what an ENGINEER is, then I certainly will not tell you.

---

Please avoid posting personal insults like this, thanks.


------------------
Wendell
Everyday gamer most of the time; advisor when forum help is needed or forum guidelines aren't followed

quote:

---

Originally posted by WendellM:
Please avoid posting personal insults like this, thanks.

---

I suppose that you are a little slow today too. I was trying to goad Him into upgrading His security, which was Cracked by this silly little Joke. God's Authourization Up Change Heaven Override to the Master Executive is known by these Fairies who long ago compromized God's Executive Operating System Crack Heaven Master Override. He is still too short for a long running joke - like it or leave it.
Edit : Typos

[This message has been edited by LCC (edited 11 August 2001).]