Category Archives: COMMENT

COMMENT: McFadden, Michael J. (MC1973) on debt problems

2019-Apr-28

Regarding Rob Kuhn’s note on “The Golden Dollar,” my nieces recently alerted me to a PA politicians who’s successfully scamming votes from younger people (and their parents?) by supporting an amnesty/forgiveness of student loans. Since I now have a very sexy-sounding Home Assistant sitting by my computer and doting upon my every utterance, I asked, “How much money is currently owed in the US for student loans?” I had a vague idea of the ballpark answer, but it was still a bit of a system shock to hear “her” dulcet tones inform me that there is currently 1.5 TRILLION dollars worth of unpaid student loans.

While my nieces and other innocent younger voters may be thrilled by the magical promise of making all that horrible debt disappear at the snap of some voting fingers, I think the obliteration of that amount of money might be more than a mosquito bite on our economy and taxpayers if it happens.

Thoughts?

Michael J. McFadden
Peace Studies, 1973

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[JR: There is no doubt in my mind that the “national debt” —  the current 121T+ national debt, the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with, the “mal investment” (a term from the Austrian “school” of economic theory), as well as the “personal debt” that people have taken on — will NEVER be repaid.  While a Gooferment “default” on these debts is unlikely, since it would probably lead to an even GREATER depression than ’29 and may start WW3, I personally believe that the Fed — The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. — will “monetize the debt” by just inflating the currency Zimbabwe-stye.  Even more concerning that some eye-watering inflation rate that will make 21% mortgages look like a bargain, “We, The Sheeple” and their children have been “educated” (i.e., TRAINED like a lab rat) not to save.  The artificially low interest rate, near zero for a decade, has, in addition to ruining “savers”, the poor, and the old fixed income people, has created a generation of “Spend-thrifts”.  They are well adapted for the German Weimar Republic conditions where people would spend any money they received as soon as they got it because in a few hours it was worthless.  So sad.  I’m saving in “hard money” so as to leave my heirs something of value.  It’s a sad end to the “American Experiment”.]

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“Blessed are the young for they shall inherit the national debt.” –Herbert Hoover]

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COMMENT: Kuhn, Rob (MC1973) wants to know who “we” is?

2019-Apr-21

Rob Kuhn
2:24 AM (18 hours ago)
to Fjohn68

Which “we” is going to separate business from the state?

[JR: It’ll be “We, The Sheeple” when they don’t get their promised “benefits” because the Gooferment can no longer print money.  Eventually, all fiat currencies fall to zero. Some faster than others (i.e., Zimbabwe, Venezuela) and some slower (i.e., the Roman empire; the Ottoman empire).  At some point, the world will stop accepting “dollars” for products.  That’s what got Saddam and Gaddafi killed — they wanted to be paid in gold for their oil.  You haven’t heard much about the “golden dinar” because they realized that was a good way to bring down the wrath of the USA by messing with their monopoly on “dollars”.  But like all Ponzi schemes and games of musical chairs, they end when the music stops. And “the rubes” are getting wise to the scam.  One ugly chicken is coming home to roost!  IMHO]

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Kuhn, Rob (MC1973)

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COMMENT: Brown, Jim [MC1958] urges patience

2019-Jan-21

Jim Brown ‘58 commented on JFACEBOOK: Lodato, Ray (MC1984) has solution for Covington Catholic HS

I hope no one takes this the wrong way, and I apologize in advance …

We should all be proud of the Catholic students. How well they kept their cool when under attack. They should be a lesson to others who rush to judgement and look to dish Catholics students who only wanted to visit Capital

[JR: True.  As with all inet “stories”, time seem to clear away “the fog of war”.  Like Fake News, we need to let the “truth” come out.]

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COMMENT: Birdsong, Tiffany [MC2006] says “TY”

2019-Jan-06

Tiffany Foy Birdsong commented on JFOUND: Birdsong, Tiffany [MC2006] psychology prof @ William & Mary

2019-Jan-03
http://www.progress-index.com/news/20190102/passion-and-personality-define-rbc-professor Passion and personality …

Thank you so much for sharing this article. I am a very proud member of the
Manhattan College class of 2006! Sincerely, Tiffany Foy Birdsong

[JR: Pleased to report it.]

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COMMENT: Reinke, F. John (MC1968) quotes old Ben

2018-Dec-25

How many observe Christ’s birthday! How few, his precepts! O! ’tis easier to keep Holidays than Commandments.  — Benjamin Franklin

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COMMENT: McFadden, Michael J. (MC1973) characterizes the election rhetoric

2018-Nov-19 0323

RE: ENDNOTE “We, The Sheeple” keep electing either side of the same coin

Interesting that they’d characterize THIS election as being “the most important of our lifetime.”

I’d have thought they’d reserved that spot for the 2016 election. I guess they’re not that upset about Trump after all, eh?

Michael J. McFadden
Peace Studies, 1973

[JR: Sorry I missed this but your comment was NOT ONLY overlooked, but it was flagged as spam.  Laff!  I guess those liberals have a lot of juice.]

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COMMENT: O’Connor, Bob (MC1953) affirms the report

2018-Oct-06 1818

RE: JOBIT Minervini, Joseph Louis [MC1953 RIP] 2018-Sep-30

John –

Joe Minervini was MEMBER OF THE GREAT CLASS OF 1953!

O’Connor, Bob (MC1953)

[JR: Thanks and sorry for the delay acknowledging your comment.]

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