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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Jul 23, 2016 9:12 am 
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Real Estate Developer

Joined: Nov 20, 2014
Posts: 994
Luan wrote:
Daniel Plainview wrote:
he's not very bright so I think he can get in over his head very quickly, he's a great self promoter and I think he can communicate quite well, but deep intellect isn't his ..


:lol:
Luckily he makes his living as a journalist


Didn't our ministers listen and acted on his idea before? people who shout the loudest have a tendency to get noticed.


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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Jul 23, 2016 9:16 am 
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Too Big to Fail
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Posts: 4249
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satechi wrote:
Luan wrote:
Daniel Plainview wrote:
he's not very bright so I think he can get in over his head very quickly, he's a great self promoter and I think he can communicate quite well, but deep intellect isn't his ..


:lol:
Luckily he makes his living as a journalist


Didn't our ministers listen and acted on his idea before? people who shout the loudest have a tendency to get noticed.

Is he our Boris Johnson now?

Still doesn't change the fact that it was a government minister who called to his house to eat garlic raw.

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Every single frozen corpse on Everest was once a highly motivated person.

Those who don't study history are doomed to repeat it. Those who do study history are doomed to watch everyone else repeating it.


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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Jul 23, 2016 10:05 am 
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Planning Tribunal Attendee

Joined: Jan 28, 2013
Posts: 1336
.


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 Post subject: Re: The David McWilliams thread
PostPosted: Fri Oct 14, 2016 8:50 am 
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Joined: Jun 22, 2016
Posts: 26
Sometimes I agree with him, sometimes I don't (could be just my attitude to his style of delivery :twisted: )...but reading his latest blog did leave me a bit deflated...

http://www.davidmcwilliams.ie/2016/10/1 ... e-in-a-day

"....The net result will be a rush to buy now that the deposit rules have been loosened...the Central Bank’s authority will be undermined irreparably. Put simply, all the good work is now undone. That’s not a bad day’s work now, is it?"

Not so sure I see an impending rush to buy stuff-that-aint-there. However, it is sad to see the efforts of central bank taking a rabbit punch from a bunch of fekers charged with looking after the greater good.


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 Post subject: Re: The David McWilliams thread
PostPosted: Wed May 03, 2017 2:24 pm 
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Joined: Sep 29, 2010
Posts: 8329
Location: London, innit
http://www.davidmcwilliams.ie/2017/04/1 ... in-the-fed

Quote:
When Trump turns on the enemy within — the Fed

Quote:
There is no more explicit example of the technocratic elites than the Federal Reserve, populated as it is by academic, doctorate-holding, ivory tower economists. This is the ultimate expression of an unelected power base. On the other side of this battle you have the democratically elected Presidency, elected by the average guy to stand up for the average guy.

:roll:

as opposed to floppy haired, savvy celebrity ones ?

Quote:
What happens if Trump bullies the Fed into accepting his higher growth rates which he achieves by boosting government spending and borrowing billions? Could it happen in the first place?

Yes it could. In the 1970s, Richard Nixon bullied the Fed into printing money so that he could win the 1972 election. It can happen because it has happened. This would mean that all the old rules go out the window. American wages would rise much quicker than they have in the past few decades. The average guy will feel richer and then he will be persuaded to vote for Trump again. Wall Street would wobble and the stock market fall, but the vast majority of people don’t own stocks, so they won’t care. And Trump will get his re-election and the only people who will squeal in the short term are rich bankers and investors on CNBC.

:?
McWilliams goes full Zero Hedge?

https://www.federalreservehistory.org/e ... ility_ends

Quote:
President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation. The new economic policy marked the beginning of the end of the Bretton Woods international monetary system and temporarily halted inflation.

The international monetary system after World War II was dubbed the Bretton Woods system after the meeting of forty-four countries in Bretton Woods, New Hampshire, in 1944. The countries agreed to keep their currencies fixed (but adjustable in exceptional situations) to the dollar, and the dollar was fixed to gold. Since 1958, when the Bretton Woods system became operational, countries settled their international balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce. The United States had the responsibility of keeping the dollar price of gold fixed and had to adjust the supply of dollars to maintain confidence in future gold convertibility.


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 Post subject: Re: The David McWilliams thread
PostPosted: Wed May 03, 2017 7:36 pm 
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IMF'd

Joined: Sep 13, 2007
Posts: 31337
Location: Tullamore
slasher wrote:
http://www.davidmcwilliams.ie/2017/04/17/when-trump-turns-on-the-enemy-within-the-fed

Quote:
When Trump turns on the enemy within — the Fed

Quote:
There is no more explicit example of the technocratic elites than the Federal Reserve, populated as it is by academic, doctorate-holding, ivory tower economists. This is the ultimate expression of an unelected power base. On the other side of this battle you have the democratically elected Presidency, elected by the average guy to stand up for the average guy.

:roll:

as opposed to floppy haired, savvy celebrity ones ?

Quote:
What happens if Trump bullies the Fed into accepting his higher growth rates which he achieves by boosting government spending and borrowing billions? Could it happen in the first place?

Yes it could. In the 1970s, Richard Nixon bullied the Fed into printing money so that he could win the 1972 election. It can happen because it has happened. This would mean that all the old rules go out the window. American wages would rise much quicker than they have in the past few decades. The average guy will feel richer and then he will be persuaded to vote for Trump again. Wall Street would wobble and the stock market fall, but the vast majority of people don’t own stocks, so they won’t care. And Trump will get his re-election and the only people who will squeal in the short term are rich bankers and investors on CNBC.

:?
McWilliams goes full Zero Hedge?

https://www.federalreservehistory.org/e ... ility_ends

Quote:
President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation. The new economic policy marked the beginning of the end of the Bretton Woods international monetary system and temporarily halted inflation.

The international monetary system after World War II was dubbed the Bretton Woods system after the meeting of forty-four countries in Bretton Woods, New Hampshire, in 1944. The countries agreed to keep their currencies fixed (but adjustable in exceptional situations) to the dollar, and the dollar was fixed to gold. Since 1958, when the Bretton Woods system became operational, countries settled their international balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce. The United States had the responsibility of keeping the dollar price of gold fixed and had to adjust the supply of dollars to maintain confidence in future gold convertibility.

Full alternate facts more like! :)

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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Nov 11, 2017 2:14 am 
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Homeless

Joined: Sep 9, 2017
Posts: 24
Interesting one tonight down in Kilkenny on China v US. Strong concensus that China will have to blow soon enough, and devalue prompting a lot of capital flight and a torch flash in on the shadow banking sector. But not to worry the Rothschild/Rockefeller/Goldman Sachs Fed will ride to the rescue. So we can sleep tight.

Old man Malmgen.reckoned it's widely reported in China that the US generals had a good sit down with the General Secretary to clear the air over South China sea and Nth Korea. So Trump can now ride into town, slap a few backs and trade a few horses on the side. Interesting to hear a veteran insider like Malmgren shoot the breeze.


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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Nov 11, 2017 11:17 pm 
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Property Magnate

Joined: Jun 13, 2008
Posts: 612
How do they clear the air when China is ramping up its South China sea island building and militarisation program?


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 Post subject: Re: The David McWilliams thread
PostPosted: Sat Nov 11, 2017 11:40 pm 
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Homeless

Joined: Sep 9, 2017
Posts: 24
Apparently it's theirs to fish and build as they see fit now. But the US continue to run their subs through there, more than they did under Obama. While apparently China will soft annexe Nth Korea with tacit US support over the next few years. So they reckon down Kilkenny way.


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