tag:blogger.com,1999:blog-2761684730989137546.post893478252820663922..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: The dollar is toastmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-2761684730989137546.post-17585995220906383822017-08-02T09:53:42.370-04:002017-08-02T09:53:42.370-04:00Moon of Alabama/About<a href="http://www.moonofalabama.org/about.html" rel="nofollow">Moon of Alabama/About</a><br /><br />Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-34009343747820394302017-08-02T08:50:49.173-04:002017-08-02T08:50:49.173-04:00Well the use now is residential heating oil... ele...Well the use now is residential heating oil... electric heat pumps are not efficient in areas where the oil burners are still being used... a gas assist heat pump is what is needed there and tax credits could be provided to homeowners and businesses to fund the conversion pronto...<br /><br />Here in mid Atlantic much oil (monopoly rent) to electric (regulated utilities) conversion was done over the last 10 years just based on the high cost of oil.... no help from govt AT ALL... Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44451915868802265712017-08-02T02:43:32.338-04:002017-08-02T02:43:32.338-04:00André, you can check out MoA's twitter feed: h...André, you can check out MoA's twitter feed: https://twitter.com/MoonofA.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70861404933649893502017-08-02T00:35:22.562-04:002017-08-02T00:35:22.562-04:00Matt, I'm not talking about residential struct...Matt, I'm not talking about residential structures or furnaces. I'm talking about big district and regional power plants.<br /><br />When Carter deregulated natural gas in 1978, US power plants realized that if they retooled they could use NG instead of oil. Even though the price of NG shot up to $2.40 (or $2.70), it was <i>waaaay</i> cheaper than the $30/bbl OPEC was charging them.<br /><br />But it took three years to accomplish the changeover, and Reagan ultimately got the credit for breaking the embargo.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-64129371693190775122017-08-01T23:44:31.547-04:002017-08-01T23:44:31.547-04:00André, he's been writing about it for a while....André, he's been writing about it for a while. Check the archives. This one article wasn't meant to be all-inclusive. BTW, the comment section is not moderated so there is a rafter of freaks as well as some really intelligent people. I generally ignore them these days, however. Tom features Moon of Alabama's stories--that's "b"--here every once in a while. See this one out from last month: http://mikenormaneconomics.blogspot.com/2017/06/moon-of-alabama-white-house-says-it.htmlMRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73555493952209871522017-08-01T20:42:55.769-04:002017-08-01T20:42:55.769-04:00You burn the heating oil in the furnaces of the ac...You burn the heating oil in the furnaces of the actual homes... need pipeline infrastructure and tax credits to the home owner to convert from oil to gas heat pumps... <br /><br />Program to convert over Should have been started about 1:00 pm on Sept 11,2001 but you had two who would lick the oil industry' ball sack in whitehouse for next 8 years and then a Title 7 guy for 8 years after that...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-60892431806366025602017-08-01T20:39:34.493-04:002017-08-01T20:39:34.493-04:00MRW, what troubles me is that:
1) I don't know...MRW, what troubles me is that:<br />1) I don't know who "b" is, what are his/her history, interests and bias;<br />2) He/she doesn't say a word about the hyperinflation or economics problems, that are obviously happening in the country. He/she doesn't say anything about how poor is the government when managing the economy;<br />3) He/she doesn't say a word about the deaths that are happening;<br />4) He/she doesn't say a word about the emigration from Venezuela to the neighbouring countries;<br />5) He/she doesn't say a word about the participation of close relatives to the president in the constitutional assembly.<br /><br />So I think "b" is not telling the whole story...Andréhttps://www.blogger.com/profile/10935332922520483975noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9960643589866624552017-08-01T20:36:01.554-04:002017-08-01T20:36:01.554-04:00CITGO (Chavez) made deals with black and Latino ne...CITGO (Chavez) made deals with black and Latino neighborhoods here to provide them with cheaper gas, so they might be reluctant to give it up.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20497237086349755142017-08-01T20:27:22.240-04:002017-08-01T20:27:22.240-04:00You have to retool oil-fired plants to use natural...You have to retool oil-fired plants to use natural gas.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24531543285314841022017-08-01T18:18:49.237-04:002017-08-01T18:18:49.237-04:00Trump sees them as a competitor.... We could repla...Trump sees them as a competitor.... We could replace all of that imported heating oil from CITGO in the northeast with Nat Gas from the Marcellus in PA, WV and OH.... "WIN!"Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13602309504798412672017-08-01T18:08:21.484-04:002017-08-01T18:08:21.484-04:00Maybe just keep Orange County and south ...Maybe just keep Orange County and south ...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36679829311038812382017-08-01T18:07:43.982-04:002017-08-01T18:07:43.982-04:00I don't see Trump doing it.... I don't thi...I don't see Trump doing it.... I don't think Trump would go into California if Russia was moving in there they could have it....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-90545065486062574512017-08-01T17:58:24.028-04:002017-08-01T17:58:24.028-04:00"MRW a relationship with Venezuela is a liabi...<i>"MRW a relationship with Venezuela is a liability not an asset</i>. Couldn't agree more. We're apparently diddling there now because we're 'jes so scared that Russia will turn it into Cuba'. Which I what I heard from a US official this aft about why we need to go in there. What I found out this afternoon, also, is that the poor and police back the government! The opposition is the richer strata! Fog of War.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48522618250032570162017-08-01T17:53:27.196-04:002017-08-01T17:53:27.196-04:00Andre, I am waaay behind with my Venezuela facts. ...Andre, I am waaay behind with my Venezuela facts. Read this! by the always excellent "b" at Moon of Alabama. He has scooped the Nytimes and WaPo many times, several of which were months in advance. He is ex-intel living in Germany: http://www.moonofalabama.org/2017/07/countdown-to-war-on-venezuela.htmlMRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17018221091604158672017-08-01T17:15:57.096-04:002017-08-01T17:15:57.096-04:00MRW a relationship with Venezuela is a liability n...MRW a relationship with Venezuela is a liability not an asset... the whole place is a shithole... it adds no material value... maybe only it's location above some petroleum ... we go over to electricity and F them the whole place will even implode further no one stays there who is materially competent...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70976545929442470062017-08-01T17:12:20.812-04:002017-08-01T17:12:20.812-04:00S Korea doesn't despise us , Japan doesn't...S Korea doesn't despise us , Japan doesn't, Canada, Brazil, UK, EZ, Gulf States, Australia, others ... Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-42597190502759063332017-08-01T16:33:09.721-04:002017-08-01T16:33:09.721-04:00When Venezuela was rich with petro dollars, it imp...When Venezuela was rich with petro dollars, it imported everything it could and should have been producing itself, manufactured goods and most importantly FOOD, basic food stuffs. They subsidized their poor, but they didn’t provide a long-term plan or policy for them to ensure their own prosperity.<br /><br />The elites didn’t give a shit; they still don’t even today because they can go to the best restaurants and get all the fancy food, meat, wine, and coffee, they want. They live in gated well-guarded enclaves.<br /><br />The US is now worried about Russia taking up a toe-hold in Venezuela. A dollar late and a dollar short. Just heard some official on TV say that it’s looks like the sanctions aren’t working, they’re driving them into China and Russia’s arms.<br /><br />Oh, wow, what insight. What planning on our part. We have no business contributing to these poor people’s plight. No wonder we are despised in places around the world.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-53496009713064613632017-08-01T16:15:51.979-04:002017-08-01T16:15:51.979-04:00Andre,
I believe that almost 90% of the world lea...Andre,<br /><br /><i>I believe that almost 90% of the world leaders are pro USA. There will be a looong way to go before dollar falls.</i><br /><br />90% of the world leaders are pro USD stability. Sure. But if China can figure out a way to replace the $750 billion daily market in US Treasuries, then there will be a viable alternative. The instant the US slapped sanctions on Russia—which means, BTW, our govt violated <i><b>long-term</b></i> agreements the Fed made vis-à-vis the sovereignty of foreign accounts held there—China opened it’s first Yuan bond market (forget the name) in London.<br /><br />China has been in the background planning this for some time, mark my words. I’ve predicted 2030, but it may be earlier . . . depending.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-28083309997669464002017-08-01T09:01:55.547-04:002017-08-01T09:01:55.547-04:00"I predict an end to the dollar's role as..."I predict an end to the dollar's role as global reserve currency very quickly."<br /><br />I believe that almost 90% of the world leaders are pro USA. There will be a looong way to go before dollar falls.<br /><br />Although I personally don't like USA imperial mindset and its sanctions (to Venezuela, Iran, Russian, etc), we shouldn't pretend that everything is ok in Venezuela.<br /><br />Inflation is at 800% a year, and they are proposing the single most ineffective and destructive policy: price freezing. It's hard to get more incompetent than that.<br /><br />Also, people are dying on the protests. Something is very wrong there. Andréhttps://www.blogger.com/profile/10935332922520483975noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-404618908275580922017-08-01T07:48:15.930-04:002017-08-01T07:48:15.930-04:00This is actually Trump's preferred policy... h...This is actually Trump's preferred policy... he wants ALL of this back:<br /><br />http://ticdata.treasury.gov/Publish/mfh.txt<br /><br />ALL of it.... the USD zombies are going to freak the f out...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-2849235420202351282017-08-01T07:13:42.570-04:002017-08-01T07:13:42.570-04:00Could not agree more.Could not agree more.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.com