|
 zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
 Re: Ron Paul officially dropped out  [Re: MrLuvaluva]
#16326383 - 06/03/12 03:07 PM (11 months, 11 days ago) |
|
|
Quote:
MrLuvaluva said:
Of course I do. The Federal Reserve is a system that consists of public and private elements. At the highest level, there is the Board of Governors, and it's members are appointed by the President and approved by the Senate. It's a government agency. There's the Federal Open Market Committee, which consists of the members of the Board of Governors and five of the heads of the regional banks. Then there are the regional banks, which have a legal status that is partly private and partly governmental. These banks are ran by presidents that are approved by the Board of Governors. Then there are all the member banks throughout the country, which are themselves private entities.
Nice wiki job. A little late but better than never.Quote:
"What evidence"..... You mean the evidence that the fed was created by a secret meeting at Jekyl Island behind closed doors?
False.
Quote:
the 1910 Jekyll Island meeting resulted in draft legislation for the creation of a U.S. central bank. Parts of this draft (the Aldrich plan) were incorporated into the 1913 Federal Reserve Act.
Whhihc Act was deliberated and voted on on full view. You remain what you have always been.Quote:
You mean it's corrupt history of funding both sides of wars?
The Fed can only fund what the Congress allows it to.Quote:
How can you deny they lost trillions when it has been over the news and splashed over the net and they have been pulled up about it on numerous occasions by different senators at congressional hearings?
How has the Fed lost trillions?
--------------------
|
jordman
Strange Persons
Registered: 07/04/09
Posts: 191
Loc: Urban Jungle 
Last seen: 10 months, 21 days
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326411 - 06/03/12 03:12 PM (11 months, 11 days ago) |
|
|
Quote:
zappaisgod said:
Fractional reserve banking has produced well for all.
Wow man, not only are you that blind that you think creating money out of nothing (which devalues the currency - DUH) and then charging INTEREST on it is a good thing for all. And you think Obama is a socialist. Bahahaha! How backward are you?
Please list some 'socialist' reforms that Obama has put forward that HASN'T been done by a previous president, left or right?
I'm waiting.
--------------------
"Watching TV is like taking black paint to your third eye."
ttttttttssssssssssshhhhhhhhhhh
usedrugsnow.livejournal.com //\\//\\ jordmaniakk.livejournal.com
"Oh, but are you experienced? Have you ever beeeeeeeen experienncced? Weh-ell, I haaaave....
Not necessarily stoned....... but, beautiful........"
C'mon baby, let the good times rollll
Edited by jordman (06/03/12 03:13 PM)
|
jordman
Strange Persons
Registered: 07/04/09
Posts: 191
Loc: Urban Jungle
Last seen: 10 months, 21 days
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326416 - 06/03/12 03:15 PM (11 months, 11 days ago) |
|
|
Quote:
zappaisgod said:
How has the Fed lost trillions?
Do you mean those trillions that are digital and don't actually exist physically - as in gold or silver?
--------------------
"Watching TV is like taking black paint to your third eye."
ttttttttssssssssssshhhhhhhhhhh
usedrugsnow.livejournal.com //\\//\\ jordmaniakk.livejournal.com
"Oh, but are you experienced? Have you ever beeeeeeeen experienncced? Weh-ell, I haaaave....
Not necessarily stoned....... but, beautiful........"
C'mon baby, let the good times rollll
|
 DeadHearts
Registered: 07/17/09
Posts: 21,149
Loc: MICHIGAN
|
Re: Ron Paul officially dropped out [Re: jordman]
#16326423 - 06/03/12 03:16 PM (11 months, 11 days ago) |
|
|
Quote:
jordman said:
Quote:
zappaisgod said:
Fractional reserve banking has produced well for all.
Wow man, not only are you that blind that you think creating money out of nothing (which devalues the currency - DUH) and then charging INTEREST on it is a good thing for all. And you think Obama is a socialist. Bahahaha! How backward are you?
Please list some 'socialist' reforms that Obama has put forward that HASN'T been done by a previous president, left or right?
I'm waiting.
Lost in the sauce mang lololol
--------------------
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: jordman]
#16326483 - 06/03/12 03:28 PM (11 months, 11 days ago) |
|
|
Quote:
jordman said:
Quote:
zappaisgod said:
How has the Fed lost trillions?
Do you mean those trillions that are digital and don't actually exist physically - as in gold or silver?
Why do you think pegging the currency to a commodity is any more real?
--------------------
|
MrLuvaluva
Psychonaut
Registered: 05/14/12
Posts: 352
Loc: Somewhere far far away...... 
Last seen: 9 months, 14 days
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326494 - 06/03/12 03:30 PM (11 months, 11 days ago) |
|
|
Listen to these guys...they know what they are talkin bout...
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: jordman]
#16326500 - 06/03/12 03:31 PM (11 months, 11 days ago) |
|
|
Quote:
jordman said:
Quote:
zappaisgod said:
Fractional reserve banking has produced well for all.
Wow man, not only are you that blind that you think creating money out of nothing (which devalues the currency - DUH) and then charging INTEREST on it is a good thing for all. And you think Obama is a socialist. Bahahaha! How backward are you?
Please list some 'socialist' reforms that Obama has put forward that HASN'T been done by a previous president, left or right?
I'm waiting.
Affordable Health Care Act, his unfettered support of public sector unions (even FDR was agaist them) and his general theme of demonizing success. Never seen that from a President before and I've seen a few Presidents.
--------------------
|
DeadHearts
Registered: 07/17/09
Posts: 21,149
Loc: MICHIGAN
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326673 - 06/03/12 04:03 PM (11 months, 11 days ago) |
|
|
Im sorry but anyone who believes that fractional reserve banking is good or has
"produced well for us all" is just, you know what I dont even know what to say lol.
Fucking speechless
--------------------
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: DeadHearts]
#16326700 - 06/03/12 04:07 PM (11 months, 11 days ago) |
|
|
Do you even know what it is?
--------------------
|
DeadHearts
Registered: 07/17/09
Posts: 21,149
Loc: MICHIGAN
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326711 - 06/03/12 04:09 PM (11 months, 11 days ago) |
|
|
Quote:
zappaisgod said:
Do you even know what it is?
Yes and even if I didnt I have a thing called google lol.
I have a better question for you. Why do you think fractional reserve banking is good and should
"we" continue to use such forms of banking?
--------------------
|
DeadHearts
Registered: 07/17/09
Posts: 21,149
Loc: MICHIGAN
|
Re: Ron Paul officially dropped out [Re: DeadHearts]
#16326758 - 06/03/12 04:16 PM (11 months, 11 days ago) |
|
|
Fiat money, fractional reserve banking and compound interest.
You need to truly educate yourself on these matters.
--------------------
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: DeadHearts] 2
#16326796 - 06/03/12 04:22 PM (11 months, 11 days ago) |
|
|
It allows increased investment and greater participation in the market.
If the banks had to fund the loans they give with 100% capitalization there would be much less lending, no interest ever at all on savings (in fact it would be negative) and innovation would be squelched through capital strangulation.
All currency is an agreement. Always has been, always will be. It is worth exactly as much as the guaranteeing party. Under the gold standard how much gold ever actually moved?
--------------------
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: DeadHearts]
#16326804 - 06/03/12 04:23 PM (11 months, 11 days ago) |
|
|
Quote:
DeadHearts said:
Fiat money, fractional reserve banking and compound interest.
You need to truly educate yourself on these matters.
I am more educated on it than you are.
--------------------
|
DeadHearts
Registered: 07/17/09
Posts: 21,149
Loc: MICHIGAN
|
Re: Ron Paul officially dropped out [Re: zappaisgod]
#16326895 - 06/03/12 04:39 PM (11 months, 11 days ago) |
|
|
Quote:
zappaisgod said:
innovation would be squelched through capital strangulation.
How so?
--------------------
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: DeadHearts] 1
#16327084 - 06/03/12 05:25 PM (11 months, 11 days ago) |
|
|
If the banks had to fund the loans they give with 100% capitalization there would be much less lending,
--------------------
|
Shins
Fun guy
Registered: 09/15/04
Posts: 11,355
|
Re: Ron Paul officially dropped out [Re: DeadHearts] 2
#16327285 - 06/03/12 06:29 PM (11 months, 11 days ago) |
|
|
Zappa how old are you and you still apparently dont understand value and the pricing mechanism.
less currency = lower prices
creating currency does not create value or wealth.
wealth and value exist despite currency.
if people could not get more loans, the existing currency retains or gains value relative to supply and demand.
demand for currency increases + no new currency supply = existing currency increases in value = purchasing power to invest increases.
ability to print new money from virtually nothing just transfers control of supply to banks/government, and along with controlling supply, they also in turn control value.
you are such a walking contradiction of a smartass old man.
you constantly harp about the government taking your wealth, but you fight tooth and nail to support the federal reserve system which enables the government and banks to steal your wealth through inflation.
im actually sad that youre so twisted, and likely too old and set in your ways to see that you are a walking juxtaposition.
control of the money supply and interest rates just steals value and wealth from savers through monetary inflation, and transfers it to the ones on the recieving end of the new currency..
if you support that type of system you have NO GODDAMNDED RIGHT to bitch about the government or anyone else stealing your wealth, because you endorse the very socialist system at the same time you hate.
ask marx what he thonks about central banks, are you a marxist?
besides, we both know you benefited from the easy credit, low interest rate system with your line of work, and i bet as well with your current investments. so you want the benefits, but not the costs.
how typical of you private gains, socialised losses neocon fascists.
|
Shins
Fun guy
Registered: 09/15/04
Posts: 11,355
|
Re: Ron Paul officially dropped out [Re: Shins] 1
#16327363 - 06/03/12 06:52 PM (11 months, 11 days ago) |
|
|
Quote:
DeadHearts said:
Quote:
zappaisgod said:
innovation would be squelched through capital strangulation.
How so?
it wouldnt, zappa is old enough he has no excuse not to know better, how sad.
printing currency out of nothing does not create innovation HOW REDICULOUS!
if there is a shortage of currency, the currency will increase in value relative to demand.
wealth and value are created by the market, not by fiat, not by increasing units of currency.
increasing currency simply spreads out currency demand over more currency units, and the ones who get the new units get to steal value from the preexisting units.
for example, the dow jones could plummet to 100, but if the currency simultaniously increased in purchasing power EVEN MORE it was actually a net gain.
sure you only get $100, but prices for everything else would also be lower priced in dollars.
so $100 is more valuable than that $13000 was because purchasing power of the dollar increased.
ZAPPA: you must be confusing numeric values with REAL value.
if the dow increases numerically because of monetary and price inflation, the real value did not change, just the numeric valuation.
numeric valuations (in our current system) are not reflective of true value, especially when you have government special interest groups, and wealthy individuals with access to large lines of credit at low interest redistributing wealth stolen through inflation.
pretty much the whole aim of capitalism and austrian economics is to have numeric values match up with real values.
the only way you can do that is by every individual spontaniously making human actions within a free market.
thus i can conclude by your endorsement of the fed zappa, that YOU ARE NOT A CAPITALIST.
fool if you think you are.
|
Shins
Fun guy
Registered: 09/15/04
Posts: 11,355
|
Re: Ron Paul officially dropped out [Re: Shins]
#16327392 - 06/03/12 06:58 PM (11 months, 11 days ago) |
|
|
If you were a capitalist, you would not be endorsing the ability of banks to create fake "capital" out of virtually nothing.
a true capitalist EARNS capital by attracting customers' capital in excange for goods and/or services.
they do not create it out of thin air.
creating "capital" out of thin air IS NOT CAPITALISM
it is fascism
it is special interest group colluding to steal wealth.
and we both know you are on the dole.
|
MrLuvaluva
Psychonaut
Registered: 05/14/12
Posts: 352
Loc: Somewhere far far away......
Last seen: 9 months, 14 days
|
Re: Ron Paul officially dropped out [Re: Shins]
#16327572 - 06/03/12 07:40 PM (11 months, 11 days ago) |
|
|
what a fuckin response that was..literally blown away i am.... on DMT
       
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,287
Last seen: 1 hour, 6 minutes
|
Re: Ron Paul officially dropped out [Re: Shins]
#16327755 - 06/03/12 08:25 PM (11 months, 11 days ago) |
|
|
Oy vey, he's back.
What destroys your whole bullshit apocalyptical argument right away is that there hasn't been shit for inflation in decades. Nothing has changed and it just never happened. Wonder why.
And oh yeah, whenever it's you.
JOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOZ
--------------------
|
|
Images only 
Threaded
Previous
Index
Next
Edit 
Reply 
