Not so much comedy, depressing. How far our leaders have fallen. 

"A good Navy is not a provocation to war. It is the surest guaranty of peace."

Honor to all who have served.

This is impossible to respond to. Some of these points have actual weight.

If you put forward an argument on price stability alone (the obsession with deflation alone is the height of foolishness) or some such then I would have a response but this is simply too broad. 

I am rather pleased  that each of us are on the same page in this fashion,

Aside from being outright counterproductive, government intervention is useless.

Beyond that I can say no more. 

Simply because it was ordered or perhaps did not violate particular regs does not make such justified. Obama was not the first but that previous Presidents exercised equal poor judgement in no way justifies this. 

To me this is the source of the error. Far too much credence is given to the notion that manipulation of rates will control employment, this is a Keynesian/Monetarist notion poorly justified in actual results. 

Inflation alone is more than the Fed can manage with attempts at anything more justifying  all the gold bugs. 

There is something to be said for courtesy and the Ricochet CoC.

No, you do not go far enough. The notion that the Federal Reserve is "boosting the economy" is farcical nonsense. It is doing absolutely nothing of the sort.

QE and its like are "boosting" the S&P enormously and providing various financial institutions and others with exceptional wealth. Yet this paper wealth has absolutely nothing to do with the economy. It is to the shame of Bernake that his committee continues to push forward such a destructive policy. 

Of this I am not so certain. I am not putting forward the idea of default in advocacy, it is simply my considered opinion as the most likely outcome. There would be consequences to this, many that occur immediately and some that are worse that may or may not be a result. 

There is another option and I am coming to believe it will be the more likely one: we could default on our debt. To me Argentina seems the model we will likely follow; debt owned to foreign governments will be defaulted on, debt owed to U.S institutions will be restructured and exchange controls will be put in place to prevent capital flight. 

What happened when GM went bankrupt? Senior bondholders were essentially robbed, a judge blessed the robbery and... nothing. No one else cared, the administration got away with it. 

I see our leaders attempting something similar here. Holders of US. Treasuries will subordinated to the degree they can make political trouble. Favored political constituencies will be paid while less influential parties will see their holdings restructured or zeroed out completely. 

Exactly so. Individuals can redeem themselves and be forgiven but Sanford has done nothing to indicate he deserves such forgiveness.

I couldn't be in stronger agreement with you Bereket.

Shame on all of them. 

Oh, I'm like the bad penny, I always turn up. Just need a few more ricochetii to resent my company. 

Depressing on its face. But you didn't ignore it, you didn't just say to yourself, "psh it's not even worth talking to this woman, what's the point?"  You gained little, but its a beginning, that is not worth spitting on. 

The pyramid needs no words. 

and  you watch way too much TV Pseud.

The continuance of POMO invalidates anything remotely resembling fundamentals. Until the Federal Reserve is forced by the bond market into a different course the S&P is nothing but a casino. 

Fine I'll play. 

Yes you are correct. But this is only evidence of how far the political ground has shifted. Truly that the Republicans could put forward so many of these policies that Obama would race to endorse merely indicates the giant leaps they have moved to the Left. Todays Republicans are the Democrats of 30 years ago while todays Democrats are to all intents and purposes communists, such as Obama. 

See? Turn about, the game can be played both ways.