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 zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 34,515
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 Re: bill clinton fucking sucked [Re: Mr.Al]
#11351130 - 10/30/09 10:06 AM (2 years, 6 months ago) |
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Quote:
Mr.Al said:
It was the job of Congress to coin money.
That does not mean hand over the money supply to a central bank.
Government monopoly money has a long history of failure.
It said "regulate the currency", Al, not just "coin money". You are being disingenuous. And it doesn't have a long history of failure in this country. In fact, it has NO history of failure in this country, unlike certain wildcat currency from long ago.
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Mr.Al
Alphabet soup
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Posts: 3,518
Loc: N.S.A. D.C.
Last seen: 28 days, 3 hours
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Re: bill clinton fucking sucked [Re: zappaisgod]
#11351146 - 10/30/09 10:11 AM (2 years, 6 months ago) |
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Quote:
zappaisgod said:
Quote:
Mr.Al said:
It was the job of Congress to coin money.
That does not mean hand over the money supply to a central bank.
Government monopoly money has a long history of failure.
It said "regulate the currency", Al, not just "coin money". You are being disingenuous. And it doesn't have a long history of failure in this country. In fact, it has NO history of failure in this country, unlike certain wildcat currency from long ago.
http://www.usconstitution.net/xconst_A1Sec8.html
Article 1 - The Legislative Branch
Section 8 - Powers of Congress
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures
You speak of "wildcat currency". Yes those were fractional reserve banks and they failed almost as fast as they popped up. The big difference today is that there is a monopoly currency propped up by a central bank.
Government monopoly money failure goes way back...
http://mises.org/story/3498
Edited by Mr.Al (10/30/09 10:12 AM)
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 34,515
Last seen: 11 hours, 28 minutes
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11351157 - 10/30/09 10:14 AM (2 years, 6 months ago) |
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Quote:
regulate the Value thereof
I do believe that generations of Supreme Courts have upheld my interpretation and laughed in amusement at yours.
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Mr.Al
Alphabet soup
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Re: bill clinton fucking sucked [Re: zappaisgod]
#11351236 - 10/30/09 10:34 AM (2 years, 6 months ago) |
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Only because of the influence that the federal reserve has.
The founders of this country would certainly not agree with what the supreme court had to say.
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zappaisgod
horrid asshole
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11351765 - 10/30/09 11:53 AM (2 years, 6 months ago) |
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Really? Are you channeling now? Like I said, Alexander Hamilton was also a founding Father. Are you contending that the Federal reserve got to the Supreme Court? Here we go with the hats.
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 Prisoner#1
Even Dumber ThanAdvertized!
Registered: 01/22/03
Posts: 152,650
Loc: Pvt. Pubfag NutSuck 
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11358380 - 10/31/09 02:45 PM (2 years, 6 months ago) |
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Quote:
Mr.Al said:
http://www.canada.com/news/arrested+Maple+Leaf+coin+scam/2051789/story.htm
but when the jeweller questioned the authenticity of the 99 other coins delivered by the pair, one of the suspects "pulled out a black handgun and demanded the cash,"
"Jewellers who were duped ended up with a shipment of ersatz coins costing up to $100,000"
meaning that some people dealing in gold were tricked by these fake gold
coins while others were not and subsequently robbed at gun point,
suggesting the use of gold as a currency today there's hundreds of ways
to get one over on the general public who will be using the coinage
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Mr.Al
Alphabet soup
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Loc: N.S.A. D.C.
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Re: bill clinton fucking sucked [Re: zappaisgod]
#11361524 - 11/01/09 08:00 AM (2 years, 6 months ago) |
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Quote:
zappaisgod said:
Really? Are you channeling now? Like I said, Alexander Hamilton was also a founding Father. Are you contending that the Federal reserve got to the Supreme Court? Here we go with the hats.
You are a moron if you think that having a monopoly over the money supply of the most powerful nation on Earth does not give it a great deal of influence.
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Mr.Al
Alphabet soup
Registered: 05/27/07
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Loc: N.S.A. D.C.
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Re: bill clinton fucking sucked [Re: Prisoner#1]
#11361535 - 11/01/09 08:04 AM (2 years, 6 months ago) |
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Quote:
Prisoner#1 said:
Quote:
Mr.Al said:
http://www.canada.com/news/arrested+Maple+Leaf+coin+scam/2051789/story.htm
but when the jeweller questioned the authenticity of the 99 other coins delivered by the pair, one of the suspects "pulled out a black handgun and demanded the cash,"
"Jewellers who were duped ended up with a shipment of ersatz coins costing up to $100,000"
meaning that some people dealing in gold were tricked by these fake gold
coins while others were not and subsequently robbed at gun point,
suggesting the use of gold as a currency today there's hundreds of ways
to get one over on the general public who will be using the coinage
AGAIN YOU MUST LOOK AT THE FACT THAT LEGAL COUNTERFEITING IS WHAT DAMAGES THE ECONOMY.
Government would have a very hard time devaluing precious metals.
Realize that counterfeiting is deeply immoral and that government has a "legal" monopoly on it.
The Law is above the State.
The State is not above the Law.
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 34,515
Last seen: 11 hours, 28 minutes
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11363265 - 11/01/09 01:58 PM (2 years, 6 months ago) |
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Quote:
Mr.Al said:
Quote:
zappaisgod said:
Really? Are you channeling now? Like I said, Alexander Hamilton was also a founding Father. Are you contending that the Federal reserve got to the Supreme Court? Here we go with the hats.
You are a moron if you think that having a monopoly over the money supply of the most powerful nation on Earth does not give it a great deal of influence.the Federal Reserve System is going to go away or that it causes business cycles or is unconstitutional.
Really, just stop drinking the Ron Paul Kool-aid. It is thin and devoid of nutritive value.
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ant61
Registered: 10/26/03
Posts: 1,144
Loc: colorado
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unbelievable how closed minded people are in this forum
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LobsterSauce
Concrete clogs
Registered: 11/09/08
Posts: 13,137
Loc: Down the rocks
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Re: bill clinton fucking sucked [Re: ant61]
#11367250 - 11/02/09 03:06 AM (2 years, 6 months ago) |
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I don't post in here but you all might enjoy this.
This little town I was in at the weekend had a statue of Bill Clinton swinging a golf club.
Apparently he enjoys playing there and the town considered it an honour
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"Have you ever cried while playing guitar? No? Then you've never even felt your music! YOU'RE A FOOL!".
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Mr.Al
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Re: bill clinton fucking sucked [Re: zappaisgod]
#11370207 - 11/02/09 02:28 PM (2 years, 6 months ago) |
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Again zap, you can not make a rational argument for the existence of the "federal reserve".
You are not debating at all.
You are a troll with nothing intelligent to add to the discussion.
I will ask you again, why should the federal reserve have a monopoly on legal tender? What benefit to society is monopoly money?
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Prisoner#1
Even Dumber ThanAdvertized!
Registered: 01/22/03
Posts: 152,650
Loc: Pvt. Pubfag NutSuck
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11371103 - 11/02/09 04:15 PM (2 years, 6 months ago) |
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Quote:
Mr.Al said:
AGAIN YOU MUST LOOK AT THE FACT THAT LEGAL COUNTERFEITING IS WHAT DAMAGES THE ECONOMY.
counterfeit = imitation, the money produced by government isnt imitation, it's just worthless
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Mr.Al
Alphabet soup
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Re: bill clinton fucking sucked [Re: Prisoner#1]
#11371457 - 11/02/09 05:07 PM (2 years, 6 months ago) |
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Quote:
Prisoner#1 said:
Quote:
Mr.Al said:
AGAIN YOU MUST LOOK AT THE FACT THAT LEGAL COUNTERFEITING IS WHAT DAMAGES THE ECONOMY.
counterfeit = imitation, the money produced by government isnt imitation, it's just worthless
It has the same effect on devaluing the medium of exchange.
Since this occurs on a far larger scale than "illegal" counterfeiting it is far more damaging.
The government creation of new money is just as immoral as the counterfeiting. That is why I like to refer to them both as "counterfeit", because there is no moral difference.
Edited by Mr.Al (11/02/09 05:09 PM)
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zorbman
Be Prepared
Registered: 06/04/04
Posts: 5,475
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11372559 - 11/02/09 07:41 PM (2 years, 6 months ago) |
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Quote:
The government creation of new money is just as immoral as the counterfeiting. That is why I like to refer to them both as "counterfeit", because there is no moral difference.
It amounts to stealing, as you know, since the government and its favored institutions receives the benefit of the injection of liquidity upstream before the dilution of purchasing power occurs downstream for the consumers. They cannot or will not raise taxes or cut spending so inflating the money supply is all they have left to deal with the massive deficits they are taking on.
Expect high inflation next year due to this unspoken policy.
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Men occasionally stumble over the truth but most of them pick themselves up and hurry off as if nothing had happened. - Winston Churchill
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Mr.Al
Alphabet soup
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Re: bill clinton fucking sucked [Re: zorbman]
#11375636 - 11/03/09 08:46 AM (2 years, 6 months ago) |
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If something like a commercial real estate bailout went through I think that would be the end of the dollar.
http://emac.blogs.foxbusiness.com/2009/08/07/a-us-government-rescue-for-commercial-real-estate/
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 34,515
Last seen: 11 hours, 28 minutes
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11376259 - 11/03/09 10:27 AM (2 years, 6 months ago) |
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Quote:
Mr.Al said:
Again zap, you can not make a rational argument for the existence of the "federal reserve".
You are not debating at all.
You are a troll with nothing intelligent to add to the discussion.
I will ask you again, why should the federal reserve have a monopoly on legal tender? What benefit to society is monopoly money?
I have made the argument over and over again.
1. It is the will of the People
2. It is fulfilling a Constitutional requirement to regulate the currency
3. It does so with relatively little interference from the politicians.
4. It does in fact flatten the peaks and valleys that are inherent in every economic system that ever existed.
And if you don't like it, OPT OUT. You don't have to use fiat currency. So don't. But stop trying to cram your shit down our throats. We don't want your crap. We find our crap to be immensely convenient.
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Mr.Al
Alphabet soup
Registered: 05/27/07
Posts: 3,518
Loc: N.S.A. D.C.
Last seen: 28 days, 3 hours
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Re: bill clinton fucking sucked [Re: zappaisgod]
#11382432 - 11/04/09 08:25 AM (2 years, 6 months ago) |
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Again, the Congress handed over the money supply to a group of bankers that funded Woodrow Wilson's presidential campaign.
The present system is unconstitutional.
Constitutional money was backed. It was not issued by a private central bank.
It is asinine to say that the fed has regulated the business cycles when you look at the Great Depression and the current situation we are in now.
Central economic planners make things worse. Contrast the decade long Great Depression to the one year depression of 1920. The difference? Government intervention and central planning shenanigans.
You have no damn argument for monopoly money. You don't have a leg to stand on and you are a government cheerleader.
Go buy yourself some pom-poms.
http://www.law.cornell.edu/constitution/constitution.articlei.html
(Article 1, Section 10 U.S. Constitution)
Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
Edited by Mr.Al (11/04/09 08:31 AM)
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zorbman
Be Prepared
Registered: 06/04/04
Posts: 5,475
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Re: bill clinton fucking sucked [Re: Mr.Al]
#11382556 - 11/04/09 08:49 AM (2 years, 6 months ago) |
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Quote:
It is asinine to say that the fed has regulated the business cycles when you look at the Great Depression and the current situation we are in now.
Don't forget the high inflation and unemployment of the 1970s. Nice smooth sailing, eh?
The thing people need to realize about the Federal Reserve System is:
1) It isn't Federal.
It is a partnership between government and private bankers.
2) It isn't a System.
The creators of the Fed knew the public was wary of a central bank so they designed it under the guise of 12 regional banks. In fact the New York branch runs everything and makes all important decisions. The idea of regional banks is merely a fig leaf.
3) There are no reserves.
Other than that they are completely truthful and open. 
The American people didn't sign off on this. The Federal Reserve Act was drawn up in secret by the super rich of that error era and snuck through Congress in the dead of night just before Christmas recess.
People would do well to educate themselves about this powerful institution. I think they'd be surprised what they find.
Ask yourself this question:
If the Federal Reserve is something good, something needed, why all the deception?
We don't need it. Never did.
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