Constitutional Law
-
Distind wrote:
The cops are all a lie aren't they!
Federal cops? The Federal Police Force? Well the BATF and DEA and IRS police carrying M16s are driving tanks are illegal.
-
Distind wrote:
The cops are all a lie aren't they!
Federal cops? The Federal Police Force? Well the BATF and DEA and IRS police carrying M16s are driving tanks are illegal.
Hey CSS... you might be interested in this. http://origin.peg.tv/pegtv_player?affiliate=T00910[^] In this dialog, go to Categories, then Danvers Access Shows, and check out The Currency of Democracy. This is my show, talking about different things such as this. Let me know what you think.
-
Ian Shlasko wrote:
Technically, the Federal Reserve does NOT regulate the value of the currency.
Technically you are wrong! It has direct control over how much money is in circulation, if it pumps more money into the economy faster than the growth of the economy then there will be inflation.
It regulates the AMOUNT, not the value. One influences the other, but it's not the same thing. And like I said... What's a dollar worth? Give me a number... What is the value of $1?
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
-
Hey CSS... you might be interested in this. http://origin.peg.tv/pegtv_player?affiliate=T00910[^] In this dialog, go to Categories, then Danvers Access Shows, and check out The Currency of Democracy. This is my show, talking about different things such as this. Let me know what you think.
I'd like to mention, I'm being flippant in his direction not yours. It's just that the Fed is something I've argued out so many times I tend to get a tad terse on it. About the only thing I'm worse on is income taxes, back before I lost the forum it was on I'd just post a link to a post I made to educate the snot out of some business major who didn't understand the very basics of the system in place in the US.
-
lol irrelevant... money is involved in everyone's life. it is the most relevant topic in the world, and i don't know how it's been under everyone's noses for so long without question.
-
Richard MacCutchan wrote:
what is it with yous guys?
I believe the proper Brooklynese is 'youse'. :-D
-
It regulates the AMOUNT, not the value. One influences the other, but it's not the same thing. And like I said... What's a dollar worth? Give me a number... What is the value of $1?
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
Sure, I'll give you a value. It costs you $1080 for one ounce of gold. You know how much it was back in 1971? $30. I'd say there's always inflation. The dollar loses value constantly. You just don't see it. It's a piece of paper. Paper has negligible value, compared to rare metal.
-
Just like they passed the Patriot Acts after deleting most of the amendments to the Bill of Rights right? They don't give a damn about the constitution, they do as they please.
Show me exactly which amendments were deleted. Far as I know, they're still there. And if you think the Patriot Act contradicts them, show me exactly where and how. Which clauses? What exact words? If you can prove that, then maybe you should be talking to your Senators... Personally, I would love to see the Patriot Act torn up, as I'm a bit sick of the government using the "terrorist threat" and "think of the children" to gain support for just about anything... But as far as I know, it was all done legally.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
-
It regulates the AMOUNT, not the value. One influences the other, but it's not the same thing. And like I said... What's a dollar worth? Give me a number... What is the value of $1?
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
They can easily regulate its value. A dollar is worth over 95% less than what it was worth just before the federal reserve was established.
-
LunaticFringe wrote:
I believe the proper Brooklynese is 'youse'.
Damn, my English -> Drivel dictionary is out of date. :((
-
Sure, I'll give you a value. It costs you $1080 for one ounce of gold. You know how much it was back in 1971? $30. I'd say there's always inflation. The dollar loses value constantly. You just don't see it. It's a piece of paper. Paper has negligible value, compared to rare metal.
I'm not saying it isn't losing value. I'm saying it doesn't have a set value. Why exactly does it cost $1080 for an ounce of gold? Because that's what people are willing to pay. There's no government agency or private corporation saying "Ok, today the price of gold is going to be $1080!" It's worth $1080 because people think it's worth $1080.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
-
Show me exactly which amendments were deleted. Far as I know, they're still there. And if you think the Patriot Act contradicts them, show me exactly where and how. Which clauses? What exact words? If you can prove that, then maybe you should be talking to your Senators... Personally, I would love to see the Patriot Act torn up, as I'm a bit sick of the government using the "terrorist threat" and "think of the children" to gain support for just about anything... But as far as I know, it was all done legally.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
My point was that they do pass unconstitutional laws.
Ian Shlasko wrote:
nd if you think the Patriot Act contradicts them, show me exactly where and how.
Wiretapping, illegal search and seizures, putting American people on criminal watch lists without a trial , that prevent them from flying and so on. You can look it up.
-
As for the Federal Reserve question (Separate post, to keep things distinct)... Technically, the Federal Reserve does NOT regulate the value of the currency. The value of the currency really isn't regulated at all. It's as valuable as people THINK it is. The Federal Reserve indirectly influences its value by, as its name suggests, varying the amount of money it keeps in reserve. See, if we were still gold-backed, then currency would have a finite value... $1 is worth X ounces of gold (Ok, much less than an ounce, but 0.0001 is still a number). Since we're not gold-backed (Actually, I don't think any country still uses gold-backed currency), how do you define the value of a dollar? The Fed, by the way, was created via the Federal Reserve Act of... I think it was 1913, but don't quote me on that. So it's not in the Constitution itself, obviously.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
There's a slight problem with this to the extent of the reserve's interest rate on it's loans to banks effectively setting a minimum rate at which banks will loan money, and greatly influencing the rates of nearly every other financial activity. That seems to be a great deal of 'regulating the value' to me.
-
josda1000 wrote:
money is involved in everyone's life.
And what has this to do with your constitiution?
The Continental was a monetary unit that was used before the Constitution was put in place. It was made of paper; backed by nothing, just as we have it today. Now the Continental became absolutely worthless because the Continental was printed so quickly, and basically to pay off our Foreign Debt. The French helped us win the war against England; the American Revolution. We promised that we'd pay them back if they would help us win the war. So we basically paid them back. When we did so, we had to print a new currency, and unfortunately it was backed by nothing. So it lost credibility, and therefore it lost value. So the Founders were actually smart (not dumb, as many of you think) and wrote into the new Constitution the fact that Congress and the States may not make any Thing but gold and silver a legal Tender in Payments of Debt. (Article 1, Section 10). This is to force the government from printing their way out of debt. And guess what we see today... I hope this will suffice.
-
They can easily regulate its value. A dollar is worth over 95% less than what it was worth just before the federal reserve was established.
See above post: http://www.codeproject.com/Messages/3271557/Re-Constitutional-Law-Federal-Reserve.aspx[^] Yes, the value is decreasing, but the Fed isn't regulating it. They're influencing it, not regulating it. It's an exercise in semantics. If a large enough group of people came out and said "Hey, I think the dollar is worth twice what the market says", and enough people agreed with them, that would become the truth. Say I write a comic book and distribute it for a few years... It catches on, and people like it... Then after a while, copies get destroyed or lost in the normal course of things... I don't release any more, so the ones in good condition become a little more valuable. Then I sell the movie rights, and Hollywood makes a summer blockbuster based on it... Suddenly the value of those comic books SKYROCKETS, because people want it more. I didn't change the amount available... People just decided it was worth more. Perception is reality... Ever heard that phrase? Things are worth what people think they're worth. Value is a general consensus. So the Fed influences that consensus, but they aren't directly regulating it.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
-
They can easily regulate its value. A dollar is worth over 95% less than what it was worth just before the federal reserve was established.
CaptainSeeSharp wrote:
A dollar is worth over 95% less than what it was worth just before the federal reserve was established.
Let's see.... say modest inflation over that time. 3%. So over 95 years (reserve made in 1913 and I like rounding) it amounts to 97.85%. So yea, the dollar is worse about 95% less than it used to be. Welcome to basic math. Trying to maintain the exact same value in a monetary system is a pipe dream. Sooner or later someone figures they are worth more, get a way to get paid more and their extra money is injected into the system.
-
My point was that they do pass unconstitutional laws.
Ian Shlasko wrote:
nd if you think the Patriot Act contradicts them, show me exactly where and how.
Wiretapping, illegal search and seizures, putting American people on criminal watch lists without a trial , that prevent them from flying and so on. You can look it up.
Not only is it unconstitutional, but is it morally right to wiretap? Whether foreign or domestic? Dude... when you argue with someone, argue with them with that backing. Always think of right/wrong. But keep it up. You got me to do this though... thanks for opening the door. Back room or not, people come. Awexomesauce
-
I'd like to mention, I'm being flippant in his direction not yours. It's just that the Fed is something I've argued out so many times I tend to get a tad terse on it. About the only thing I'm worse on is income taxes, back before I lost the forum it was on I'd just post a link to a post I made to educate the snot out of some business major who didn't understand the very basics of the system in place in the US.