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	<title>Comments on: JEFF GUNDLACH SAYS THE USA WILL DEFAULT</title>
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		<title>By: F. Beard</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-21019</link>
		<dc:creator>F. Beard</dc:creator>
		<pubDate>Sat, 03 Jul 2010 07:53:26 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-21019</guid>
		<description>&lt;i&gt;This site is a cia front.&lt;/i&gt; Anonymous 

Even if it were, I&#039;d be happy to inform the CIA of the error of its ways.</description>
		<content:encoded><![CDATA[<p><i>This site is a cia front.</i> Anonymous </p>
<p>Even if it were, I&#8217;d be happy to inform the CIA of the error of its ways.</p>
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		<title>By: Anonymous</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-21018</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Sat, 03 Jul 2010 07:50:41 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-21018</guid>
		<description>hey PC - you deleted our discussion about your lies concerning government &quot;inventing&quot; penicillin! You even removed it from your list of benefical governmental &quot;products and inventions&quot;. A BETTER ADMISSION OF YOUR DUPLICITY and DISINFORMATION I could not ask for. 

I will not waste time on the rest of your list - I will however point out that the former solviet union had great scientests and great discoveries and the state was the sole source of food! So by your logic, since the state fed the russian population, the russian people should have been thankful (and should not remember that starvation of the useless pesants was an intergral part of the state&#039;s plan to feed those who served the state well!). 

Anyone reading this blog should know that this is a propaganda website and it is designed by your loving oligarchy to control dissent and to offer a kind view of our &quot;productive&quot; military industrial fascist economy.

LOL - you are all being cointelpro&#039;d!!!

This site is a cia front.</description>
		<content:encoded><![CDATA[<p>hey PC &#8211; you deleted our discussion about your lies concerning government &#8220;inventing&#8221; penicillin! You even removed it from your list of benefical governmental &#8220;products and inventions&#8221;. A BETTER ADMISSION OF YOUR DUPLICITY and DISINFORMATION I could not ask for. </p>
<p>I will not waste time on the rest of your list &#8211; I will however point out that the former solviet union had great scientests and great discoveries and the state was the sole source of food! So by your logic, since the state fed the russian population, the russian people should have been thankful (and should not remember that starvation of the useless pesants was an intergral part of the state&#8217;s plan to feed those who served the state well!). </p>
<p>Anyone reading this blog should know that this is a propaganda website and it is designed by your loving oligarchy to control dissent and to offer a kind view of our &#8220;productive&#8221; military industrial fascist economy.</p>
<p>LOL &#8211; you are all being cointelpro&#8217;d!!!</p>
<p>This site is a cia front.</p>
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		<title>By: CB</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20898</link>
		<dc:creator>CB</dc:creator>
		<pubDate>Fri, 02 Jul 2010 05:11:22 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20898</guid>
		<description>Low interest rates &amp; low pricing doesn&#039;t get the bank out of the hole anymore than high taxes on widget makers.

You&#039;ve got to get velocity again by jump starting widgets.  We are not doing anything fundamental to encourage entry-level investment.

Where are the jobs?  Why doesn&#039;t anyone want to offer tax credits to train a new worker?</description>
		<content:encoded><![CDATA[<p>Low interest rates &amp; low pricing doesn&#8217;t get the bank out of the hole anymore than high taxes on widget makers.</p>
<p>You&#8217;ve got to get velocity again by jump starting widgets.  We are not doing anything fundamental to encourage entry-level investment.</p>
<p>Where are the jobs?  Why doesn&#8217;t anyone want to offer tax credits to train a new worker?</p>
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		<title>By: CB</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20897</link>
		<dc:creator>CB</dc:creator>
		<pubDate>Fri, 02 Jul 2010 04:59:24 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20897</guid>
		<description>It seems a component missing from the discussion is the investor&#039;s perception of US credibility and long term value of its currency.

Obviously we&#039;ll get deflation if demand and/or velocity slow.  Obviously, hyper-inflation is the end. 

People are waiting this period out...a psychological holding pattern occurs when everyone questions the fiscal &amp; monetary system.  

If liberals want to add zeroes to all categories, then we continue doing the same thing &amp; expect a different result?  If you practice hardcore austerity then maybe we all go on a diet?  That&#039;s too drastic as well.

Why can&#039;t we be rational &amp; let the world suspend disbelief for a one-time reset?

1)  If we trim the budget and just slow down the fiscal bleeding.  Change the momentum of the deficits.  
2)  Promise a long-term vote of confidence in our people, such as a tax-payer&#039;s bill of rights.
3)  Couple that with some money printing for all...adding zeroes here but not in the debt.
4)  Encourage growth of GDP again by rewarding producers vs. slackers.

The accounting straightens out, you had a one-time re-set, that will be held against us for awhile, but it&#039;s no dirtier than what the rest of the world has done with money over history.</description>
		<content:encoded><![CDATA[<p>It seems a component missing from the discussion is the investor&#8217;s perception of US credibility and long term value of its currency.</p>
<p>Obviously we&#8217;ll get deflation if demand and/or velocity slow.  Obviously, hyper-inflation is the end. </p>
<p>People are waiting this period out&#8230;a psychological holding pattern occurs when everyone questions the fiscal &amp; monetary system.  </p>
<p>If liberals want to add zeroes to all categories, then we continue doing the same thing &amp; expect a different result?  If you practice hardcore austerity then maybe we all go on a diet?  That&#8217;s too drastic as well.</p>
<p>Why can&#8217;t we be rational &amp; let the world suspend disbelief for a one-time reset?</p>
<p>1)  If we trim the budget and just slow down the fiscal bleeding.  Change the momentum of the deficits.<br />
2)  Promise a long-term vote of confidence in our people, such as a tax-payer&#8217;s bill of rights.<br />
3)  Couple that with some money printing for all&#8230;adding zeroes here but not in the debt.<br />
4)  Encourage growth of GDP again by rewarding producers vs. slackers.</p>
<p>The accounting straightens out, you had a one-time re-set, that will be held against us for awhile, but it&#8217;s no dirtier than what the rest of the world has done with money over history.</p>
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		<title>By: TPC</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20896</link>
		<dc:creator>TPC</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:46:26 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20896</guid>
		<description>Thanks First.</description>
		<content:encoded><![CDATA[<p>Thanks First.</p>
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		<title>By: TPC</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20895</link>
		<dc:creator>TPC</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:45:42 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20895</guid>
		<description>Great comment my friend.</description>
		<content:encoded><![CDATA[<p>Great comment my friend.</p>
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		<title>By: prescient11</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20894</link>
		<dc:creator>prescient11</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:23:38 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20894</guid>
		<description>Exactly, why do people even question this?

The genius of Reagan was his fundamental understanding of how to USE the government to really contribute, and when to crush the garbage spending.

Check out the Bayh-Dole Act, do you know how much that has added to GDP over the years, how many jobs, how much wealth.  A tremendous amount.

The simple fact is that the government doesn&#039;t have to show a profit, IT CAN JUST DO THINGS.  Like the space program, etc.  Look at all the technologies that have evolved from the government simply doing things.  It&#039;s amazing.  And then the private sector can jump on it, patent it and make a crazy profit.  And the government gets paid back tenfold based on the huge productivity of society.

It&#039;s really pretty simple.  And I don&#039;t understand why people can question this.  Does the govt. waste a ton and have a bunch of bs, absolutely and undoubtedly. But the military, NASA, university studies, etc., have contributed to the overall wealth of this country and technologically to a tremendous decree.</description>
		<content:encoded><![CDATA[<p>Exactly, why do people even question this?</p>
<p>The genius of Reagan was his fundamental understanding of how to USE the government to really contribute, and when to crush the garbage spending.</p>
<p>Check out the Bayh-Dole Act, do you know how much that has added to GDP over the years, how many jobs, how much wealth.  A tremendous amount.</p>
<p>The simple fact is that the government doesn&#8217;t have to show a profit, IT CAN JUST DO THINGS.  Like the space program, etc.  Look at all the technologies that have evolved from the government simply doing things.  It&#8217;s amazing.  And then the private sector can jump on it, patent it and make a crazy profit.  And the government gets paid back tenfold based on the huge productivity of society.</p>
<p>It&#8217;s really pretty simple.  And I don&#8217;t understand why people can question this.  Does the govt. waste a ton and have a bunch of bs, absolutely and undoubtedly. But the military, NASA, university studies, etc., have contributed to the overall wealth of this country and technologically to a tremendous decree.</p>
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	<item>
		<title>By: first</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20893</link>
		<dc:creator>first</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:21:14 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20893</guid>
		<description>TPC you are a gentleman. I love you site despite my last comments. 

I obviously do not like the Government very much but I am very appreciative of what I have learned on your site .</description>
		<content:encoded><![CDATA[<p>TPC you are a gentleman. I love you site despite my last comments. </p>
<p>I obviously do not like the Government very much but I am very appreciative of what I have learned on your site .</p>
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	<item>
		<title>By: first</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20892</link>
		<dc:creator>first</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:15:23 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20892</guid>
		<description>“The USA has the biggest military and the biggest govt programs and we have not failed.”
 
Surprise that you say this, In relation to its economy it does not.
Govt spending to GDP is much larger in several other countries and they only do worst.</description>
		<content:encoded><![CDATA[<p>“The USA has the biggest military and the biggest govt programs and we have not failed.”</p>
<p>Surprise that you say this, In relation to its economy it does not.<br />
Govt spending to GDP is much larger in several other countries and they only do worst.</p>
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		<title>By: TPC</title>
		<link>http://pragcap.com/jeff-gundlach-says-the-usa-will-default/comment-page-1#comment-20891</link>
		<dc:creator>TPC</dc:creator>
		<pubDate>Fri, 02 Jul 2010 01:03:25 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=23274#comment-20891</guid>
		<description>Why do I respond?  Because this might actually be the most important discussion we have here.  People like to think the world is so black and white.  Govt is bad.  Private sector is good.  The truth lies somewhere inbetween.  I am not an apologist for the govt.  And I am not an advocate of big govt, but I recognize that they can and do do good things for society.  As you said, any argument to the contrary is simply not based on real fact.</description>
		<content:encoded><![CDATA[<p>Why do I respond?  Because this might actually be the most important discussion we have here.  People like to think the world is so black and white.  Govt is bad.  Private sector is good.  The truth lies somewhere inbetween.  I am not an apologist for the govt.  And I am not an advocate of big govt, but I recognize that they can and do do good things for society.  As you said, any argument to the contrary is simply not based on real fact.</p>
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