Free trade
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I'm still reading this book. One thing I think he is right about - the GFC is proof that an economy that is left to it's own devices is a threat to the welfare of the nations that allow it. I don't see how anyone could be so ignorant as to think that the markets can control themselves, I thought that before the proof was right in our faces.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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I'm still reading this book. One thing I think he is right about - the GFC is proof that an economy that is left to it's own devices is a threat to the welfare of the nations that allow it. I don't see how anyone could be so ignorant as to think that the markets can control themselves, I thought that before the proof was right in our faces.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
the GFC is proo
The Global Financial Crisis is proof that the federal reserve flooding the market with new money is a grave threat to all nations. We don't have a free market schristan, we haven't had one since 1913, your argument is a pathetic strawman.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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Christian Graus wrote:
the GFC is proo
The Global Financial Crisis is proof that the federal reserve flooding the market with new money is a grave threat to all nations. We don't have a free market schristan, we haven't had one since 1913, your argument is a pathetic strawman.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
CaptainSeeSharp wrote:
We don't have a free market schristan, we haven't had one since 1913, your argument is a pathetic strawman.
Yes, I understand how you rationalise these things. The trouble is, your sources are not credible, as has been proven, you are incapable of independant thought, and you have nothing to add to discussion. The GFC happened when it did because of a move that started in the 80s to deregulate markets. Deregulation led to bundling of high risk loans, which were themselves made knowing they would fail, for short term profit. It's a clear example of how the market serves it's own short term interests unless it's regulated to not act against the interests of the countries that host it.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
We don't have a free market schristan, we haven't had one since 1913, your argument is a pathetic strawman.
Yes, I understand how you rationalise these things. The trouble is, your sources are not credible, as has been proven, you are incapable of independant thought, and you have nothing to add to discussion. The GFC happened when it did because of a move that started in the 80s to deregulate markets. Deregulation led to bundling of high risk loans, which were themselves made knowing they would fail, for short term profit. It's a clear example of how the market serves it's own short term interests unless it's regulated to not act against the interests of the countries that host it.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
The GFC was create by the federal reserve flooding the market with new money at incredibly low interest rates, that new money fueled the housing bubble.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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The GFC was create by the federal reserve flooding the market with new money at incredibly low interest rates, that new money fueled the housing bubble.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
Loans to people who could not afford to pay them, which were made to earn high commissions, on the assumption the bubble would not burst, and that the repossessed house could also be sold at profit, fueled the bubble. That occured because of deregulation of banks. So, again, the market does not act in it's own interests, or in the interests of society, which is why regulation is needed. Where the money came from is irrelevant. If there was regulation to stop rogue lenders, and/or hold them accountable, there would not have been an issue.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Loans to people who could not afford to pay them, which were made to earn high commissions, on the assumption the bubble would not burst, and that the repossessed house could also be sold at profit, fueled the bubble. That occured because of deregulation of banks. So, again, the market does not act in it's own interests, or in the interests of society, which is why regulation is needed. Where the money came from is irrelevant. If there was regulation to stop rogue lenders, and/or hold them accountable, there would not have been an issue.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
If there weren't a central bank that virtually gave out money like candy for the banks to play with, we wouldn't have this problem.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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If there weren't a central bank that virtually gave out money like candy for the banks to play with, we wouldn't have this problem.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
If there wasn't a central bank, there'd be no money in the first place.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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If there wasn't a central bank, there'd be no money in the first place.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Gold and silver IS money, has been for thousands of years. Even a fiat currency doesn't need to come from a central bank, but rather Congress. After a majority vote from both houses, and signed by the president, the treasury would have that much more money. Instead we have a central bank that lends to the government with interest, and makes deals with private corporations and foreign central banks.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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If there wasn't a central bank, there'd be no money in the first place.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
CG, the first question you need to ask him is, do you understand what you're taling about? he's again just repeating something he read, not his understanding of what happened...
I want to die like my grandfather- asleep, not like the passengers in his car, screaming!
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Gold and silver IS money, has been for thousands of years. Even a fiat currency doesn't need to come from a central bank, but rather Congress. After a majority vote from both houses, and signed by the president, the treasury would have that much more money. Instead we have a central bank that lends to the government with interest, and makes deals with private corporations and foreign central banks.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
hahahaha, again the gold and silver discussion, he's just starting to sound like a scratched old LP disc... hahahahaha, repeating the same thing over and over and over and over and over... he doesn't understand a bit about economy
I want to die like my grandfather- asleep, not like the passengers in his car, screaming!
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hahahaha, again the gold and silver discussion, he's just starting to sound like a scratched old LP disc... hahahahaha, repeating the same thing over and over and over and over and over... he doesn't understand a bit about economy
I want to die like my grandfather- asleep, not like the passengers in his car, screaming!
Gonzoox wrote:
he doesn't understand a bit about economy
I know he doesn't, and you don't understand a bit about anything. You are a little jungle monkey that plays in its own feces.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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Gold and silver IS money, has been for thousands of years. Even a fiat currency doesn't need to come from a central bank, but rather Congress. After a majority vote from both houses, and signed by the president, the treasury would have that much more money. Instead we have a central bank that lends to the government with interest, and makes deals with private corporations and foreign central banks.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
CaptainSeeSharp wrote:
Gold and silver IS money, has been for thousands of years.
Yes, and that's why there's almost no gold left to mine. There sure isn't enough gold in the world to cover the value of the currency in the world, and revaluing gold to make it able to do that, would obviously cause a run on any form of gold, pushing the price up more.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CG, the first question you need to ask him is, do you understand what you're taling about? he's again just repeating something he read, not his understanding of what happened...
I want to die like my grandfather- asleep, not like the passengers in his car, screaming!
I know he's ignorantly repeating things he's read and does not understand. I just keep hoping the penny will drop.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
Gold and silver IS money, has been for thousands of years.
Yes, and that's why there's almost no gold left to mine. There sure isn't enough gold in the world to cover the value of the currency in the world, and revaluing gold to make it able to do that, would obviously cause a run on any form of gold, pushing the price up more.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
pushing the price up more.
Its called supply and demand. Gold would be used for high denominations in the thousands, silver would be used for small stuff like groceries and bills. Modern technology allows us to make alloys too. Do you know what an alloy is?
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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Christian Graus wrote:
pushing the price up more.
Its called supply and demand. Gold would be used for high denominations in the thousands, silver would be used for small stuff like groceries and bills. Modern technology allows us to make alloys too. Do you know what an alloy is?
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
I know what an alloy is. What you're proposing is that we take real, limited resources, and let their price be driven up needlessly. The end result ? More strip mining and the destruction of land for no good reason. The form that money takes is irrelevant, it has nothing to do with it. You just plain have no idea.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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I know what an alloy is. What you're proposing is that we take real, limited resources, and let their price be driven up needlessly. The end result ? More strip mining and the destruction of land for no good reason. The form that money takes is irrelevant, it has nothing to do with it. You just plain have no idea.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
and let their price be driven up needlessly.
The price would need to go up.
Christian Graus wrote:
More strip mining and the destruction of land
You are anti-development. You can't get resources by pulling them out of thin air. If you don't like it, then don't spend money on laptops, cars, or fly around in aircraft.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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Christian Graus wrote:
and let their price be driven up needlessly.
The price would need to go up.
Christian Graus wrote:
More strip mining and the destruction of land
You are anti-development. You can't get resources by pulling them out of thin air. If you don't like it, then don't spend money on laptops, cars, or fly around in aircraft.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
CaptainSeeSharp wrote:
The price would need to go up.
Because of what you want to do. The people who would benefit, are investors with a lot of gold. The common man would lose, and so would the earth.
CaptainSeeSharp wrote:
You are anti-development.
You love to call people names and label them to justify your rejection of common sense statements
CaptainSeeSharp wrote:
You can't get resources by pulling them out of thin air.
Of course not. But resources are not infinite, so we need to use them wisely. Trying to use gold for money is not wise, it's actually impossible.
CaptainSeeSharp wrote:
If you don't like it, then don't spend money on laptops, cars, or fly around in aircraft.
I am not opposed to intelligent use of resources.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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CaptainSeeSharp wrote:
The price would need to go up.
Because of what you want to do. The people who would benefit, are investors with a lot of gold. The common man would lose, and so would the earth.
CaptainSeeSharp wrote:
You are anti-development.
You love to call people names and label them to justify your rejection of common sense statements
CaptainSeeSharp wrote:
You can't get resources by pulling them out of thin air.
Of course not. But resources are not infinite, so we need to use them wisely. Trying to use gold for money is not wise, it's actually impossible.
CaptainSeeSharp wrote:
If you don't like it, then don't spend money on laptops, cars, or fly around in aircraft.
I am not opposed to intelligent use of resources.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
The people who would benefit, are investors with a lot of gold.
So? The end result would be sound money and a stable economy. That benefits EVERYONE.
Christian Graus wrote:
I am not opposed to intelligent use of resources.
I don't consider flying across the world in a jumbo jet to see an outdated rock band play their worn out songs an intellectual use of resources. Neither buying several laptops you will never use.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
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Christian Graus wrote:
the GFC is proo
The Global Financial Crisis is proof that the federal reserve flooding the market with new money is a grave threat to all nations. We don't have a free market schristan, we haven't had one since 1913, your argument is a pathetic strawman.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
CaptainSeeSharp wrote:
We don't have a free market schristan, we haven't had one since 1913
What do you think was so momentus in 1913? The Sherman Antitrust Act[^] was passed in 1890 because it was painfully obvious that unregulated markets had produced so many monopolies which they always do. And it wasn't a marginal passage, 51-1 in the Senate and 242-0 in the House. And markets haven't been free from the beginning. At the beginning the country was mostly financed by tariffs so the people couldn't buy those cheap foreign goods.
The wonderful thing about the Darwin Awards is that everyone wins, especially the members of the audience.
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Christian Graus wrote:
The people who would benefit, are investors with a lot of gold.
So? The end result would be sound money and a stable economy. That benefits EVERYONE.
Christian Graus wrote:
I am not opposed to intelligent use of resources.
I don't consider flying across the world in a jumbo jet to see an outdated rock band play their worn out songs an intellectual use of resources. Neither buying several laptops you will never use.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album[^] The True Soapbox is the Truthbox[^]
CaptainSeeSharp wrote:
The end result would be sound money and a stable economy.
Rubbish. Why would it ? If you took away capital growth ( which is what inflation is, for people with assets ), you'd take away the driver for a lot of our economy.
CaptainSeeSharp wrote:
I don't consider flying across the world in a jumbo jet to see an outdated rock band play their worn out songs an intellectual use of resources.
ROTFL !!! Well, I didn't say it swas intellectual. I said it was intelligent. It's intelligent for me to use some of my resources to catch planes that are already flying, and in the wake of the GFC are half empty, to see bands that I like.
CaptainSeeSharp wrote:
Neither buying several laptops you will never use.
I understand you'll never have money, so you won't get this. I have a lot of laptops because I don't need the money I'd get from selling them. I buy when I need to upgrade and let the kids play on the old ones, or use them to test installers ( or both ). I don't just buy laptops for the hell of it.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.