medicineman
New Member
No Vi, Greed is over zealous self interest with no social conscious, A big difference. Self interests are natural, greed is the lack of a conscience associated with your self interest. Like Mine-mine-mine etc.
Totalitarianism Marches On ....
- Thread starter ViRedd
- Start date
john.roberts85
Well-Known Member
I don't want to get bogged down on the rise of central banks or the permanent formation of The Fed, but active central banks are preferable these days. Is it even possible to have a system built around fractional-reserve banking without an active central bank? If so, how would you prevent bank runs? Didn't Friedman criticize The Fed for not stopping runs in the late 20s, early 30s? And doesn't that fly in the face of his laissez-faire views? You can only rachet up reserve ratios so much, but that will not stop bank runs. The Fed BoD is no less democratic than Federal Judgeships.
medicineman
New Member
I think we can agree to dis-agree. I know I'm right and you're wrong, ~LOL~. Did I ever tell you my dads theory. "The more you know, the more you know you don't know." Well, I'm about at the point where I don't know shit. Half the stuff I thought I knew is just bullshit and the other half has me wondering.
ViRedd
New Member
The Federal Reserve is/was supposed to be "the bank of last resort." That didn't include welfare for Wall Street. And yes, I believe Milton Freidman criticized the FED. The FED was responsible for the Great Depression, for the same reason they are responsible for the current mortgage defaults ... and the situation the investment bankers ... and their investors are finding themselves in. The reason? ... putting the country awash in artificially cheap dollars. Greenspan lowered the discount rates, I think it was 14 times to keep the "boom" going. Hell, lenders had so much money they were literally giving it away. I mean ... "stated income loans," 125% financing? If you were willing to lie on your loan application and had a pulse, you could get a loan. Now, like in 1929, the chickens are coming home to roost.
Vi
Vi
ViRedd
New Member
Well, I'm hoping that I've played a small part in getting you to wonder. I know I've changed some of my positions on the Iraq war because of your input. Damn, I hate to admit that.
medicineman
New Member
Thank god some one has been listening about Iraq. We'll see what Obama can do. He'll be saddled with the senate and the house on total withdrawel, but maybe we'll get lucky and he can pull it off. I'd feel much safer with those kids on the borders than 15,000 miles away.Well, I'm hoping that I've played a small part in getting you to wonder. I know I've changed some of my positions on the Iraq war because of your input. Damn, I hate to admit that.
john.roberts85
Well-Known Member
All that proves is that Volcker was a better Fed Chairman.
I wasn't aware that The Fed was responsible for the Great Depression, only didn't help the matter by not buying securities (not expanding the money supply) and allowed it to slide deeper. Isn't that what Friedman and Galbraith thought? 
ViRedd
New Member
Gawd, don't get me started on the border. That's one of Bush's major screw-ups. Can't just blame Bush though ... both parties are at fault on this one.
Besides all the other bullshit, I'm totally pissed off cuz I just bought my TurboTax and have to get started on that again. Fucking financial confessions must be turned over to Ceasar by April 15.
Vi
Besides all the other bullshit, I'm totally pissed off cuz I just bought my TurboTax and have to get started on that again. Fucking financial confessions must be turned over to Ceasar by April 15.
Vi
medicineman
New Member
Quit it, you're making me laugh so hard I almost pissed my self. We're getting back a shitload of cash, Yeah!!! You pay and we collect, sounds about right to me,~LOL~.Gawd, don't get me started on the border. That's one of Bush's major screw-ups. Can't just blame Bush though ... both parties are at fault on this one.
Besides all the other bullshit, I'm totally pissed off cuz I just bought my TurboTax and have to get started on that again. Fucking financial confessions must be turned over to Ceasar by April 15.
Vi
ZenMaster
Well-Known Member
Well, I'm hoping that I've played a small part in getting you to wonder. I know I've changed some of my positions on the Iraq war because of your input. Damn, I hate to admit that.
What have they done to you Vi...
john.roberts85
Well-Known Member
ZenMaster
Well-Known Member
Haha. Just wait, you're next.
Thats why I always save 1 bullet.
But I'm pretty firm on my Iraq War standing, my sources are emailed almost daily from my father and some friends at Tikrit.
john.roberts85
Well-Known Member
Are they combat arms or pogs? I hope they come home safe and soon.
blonddie07
Well-Known Member
I forgot where i read this...
And if im wrong.. correct me..
Mongolian kangaskhan, ruler of the known world when his reign took place. I think it was somthing about how gold was the main currency.. and that a certain part of the new mongolian empire which was babylonia..(i think) came up with an idea of printing paper that is a receipt of gold ( kind of how our money is today) and this paper which is the currency is good to buy anything that gold is.. this idea was given to the ruler and convinced as a good idea because all the gold would be kept under his controll..(federal reserve?)
Now that paper took the place of gold, the babylonians that were controlling the printing of money flooded the country with the paper currency, and soon it was worth nothing. And then when the idea of paper currency was set to stop. THe entire empire collpased because no one could buy anything...
Isn't this a good way to change the currency of the US... isnt somthing like the union of america or whatever it is called going to be happening soon? (mexico canada and us become one union) And the currency will be the new Amero?
Again.. correct me if im wrong.
And if im wrong.. correct me..
Mongolian kangaskhan, ruler of the known world when his reign took place. I think it was somthing about how gold was the main currency.. and that a certain part of the new mongolian empire which was babylonia..(i think) came up with an idea of printing paper that is a receipt of gold ( kind of how our money is today) and this paper which is the currency is good to buy anything that gold is.. this idea was given to the ruler and convinced as a good idea because all the gold would be kept under his controll..(federal reserve?)
Now that paper took the place of gold, the babylonians that were controlling the printing of money flooded the country with the paper currency, and soon it was worth nothing. And then when the idea of paper currency was set to stop. THe entire empire collpased because no one could buy anything...
Isn't this a good way to change the currency of the US... isnt somthing like the union of america or whatever it is called going to be happening soon? (mexico canada and us become one union) And the currency will be the new Amero?
Again.. correct me if im wrong.
medicineman
New Member
Check with an investment money broker and see if you can speculate on buying "Amero" futures, May be a good investment. Hey, I don't care what they call the money as long as it will buy more than the dollar now buys. Lets say 1 Amero per gallon of gas. And 25 ameros an hour wages. I could live with that. ~LOL~.
ViRedd
New Member
~lol~ ... Now there's where a life time of brain washing gets you. Americans let the federal government take more than their tax obligation out of their paychecks though out the year to use interest free for an entire year. Then what do we do? ... We celebrate when the excess is returned to us in dollars minus the deduction (tax) for inflation.
Had you been able to keep those dollars instead of having them deducted, you could have invested them with the chance of a gain. Had your investment been a loss, you could have written off that loss against your taxes owed. The government won't let you take that chance though .. because its not your money, its THEIR money.
The withholding tax is one of the biggest smoke & mirror scams ever to be pulled off on the citizens of the U.S. As I've said many times before in this forum ... we have a slave tax system. Free men do not have to turn over signed finanical confessions to their government ... EVER.
Vi
medicineman
New Member
Well Vi, everyone has to pay taxes, or should have to. And yes you're right, if we could plan our expenditures and outlays to the nickle. I'm sure we could find a better place to keep "our" money than in the federal reserve. But, unlike you that has to grimmace every year at tax time, we actually relish the event. Now how's that for brainwash? Were gettin back about 6,000 bucks, yeah, that'll pay for our vacation to the east this fall, cruise and all. Geeze it sure is nice to have a wife that knows how to work the tax system,~LOL~. For a price, she could probably save you some money, but she is not cheap.~LOL~. BTW, my sons friend made about 150K last year, he's single and only has a house for deductions. With all his taxes federal and state + SS, he still cleared 105K, not bad for a 2nd generation illegal immigrant, his folks were illegal until the first amnesty, he was born here. He plans on running for some kind of political office, wants to be Mayor of San Francisco, and no, he's not gay.
