RBS tells clients to prepare for 'monster' money-printing by the Federal Reserve
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http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html[^] Just as I have been saying for over a year now. High inflation, even Hyperinflation is near. This is why a central bank has no place in a free-market, especially in America which is supposed to be a free country. Keynesian economics is a NO-NO. We must learn our lesson and REMEMBER IT THIS TIME. Those who don't know history are doomed to repeat it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html[^] Just as I have been saying for over a year now. High inflation, even Hyperinflation is near. This is why a central bank has no place in a free-market, especially in America which is supposed to be a free country. Keynesian economics is a NO-NO. We must learn our lesson and REMEMBER IT THIS TIME. Those who don't know history are doomed to repeat it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
Those who don't know history are doomed to repeat it.
Like the food riots when there was no minimum wage in a post-industrial revolutionary world? Cause the moment you let the employers dictate what a fair value is for any job that doesn't require a high education you get slave conditions. It's a historical fact.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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CaptainSeeSharp wrote:
Those who don't know history are doomed to repeat it.
Like the food riots when there was no minimum wage in a post-industrial revolutionary world? Cause the moment you let the employers dictate what a fair value is for any job that doesn't require a high education you get slave conditions. It's a historical fact.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
You have absolutely no idea how an economy operates. It is a very complex machine that has a way of balancing itself out, much like the ecosystem and how all life evolves to adapt to its environment. Anything that interferes with this natural process will cause problems that will require a correction later down the road. Imagine a giant spring, you keep pushing and twisting and pulling, trying to get it to the shape you want, but eventually its going to spring back to its natural state and its going to break your arm and whip you in the face when it does it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html[^] Just as I have been saying for over a year now. High inflation, even Hyperinflation is near. This is why a central bank has no place in a free-market, especially in America which is supposed to be a free country. Keynesian economics is a NO-NO. We must learn our lesson and REMEMBER IT THIS TIME. Those who don't know history are doomed to repeat it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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You have absolutely no idea how an economy operates. It is a very complex machine that has a way of balancing itself out, much like the ecosystem and how all life evolves to adapt to its environment. Anything that interferes with this natural process will cause problems that will require a correction later down the road. Imagine a giant spring, you keep pushing and twisting and pulling, trying to get it to the shape you want, but eventually its going to spring back to its natural state and its going to break your arm and whip you in the face when it does it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
You state that people should learn from history. Well, history shows that if you allow the owner of a company that uses manual labor to set prices, they will completely abuse this and create a slave labor force. It is well documented. Somehow you believe that if you were to drop the minimum wage, this would not happen again. Somehow the people working would be better off. Which is pretty much exactly the opposite of what has happened when there is no regulation. quit trying to use analogies that have nothing to do with the fact that you sum up with learning from history but you blatently haven't done so yourself.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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You state that people should learn from history. Well, history shows that if you allow the owner of a company that uses manual labor to set prices, they will completely abuse this and create a slave labor force. It is well documented. Somehow you believe that if you were to drop the minimum wage, this would not happen again. Somehow the people working would be better off. Which is pretty much exactly the opposite of what has happened when there is no regulation. quit trying to use analogies that have nothing to do with the fact that you sum up with learning from history but you blatently haven't done so yourself.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
ragnaroknrol wrote:
Well, history shows that if you allow the owner of a company that uses manual labor to set prices, they will completely abuse this and create a slave labor force. It is well documented.
No it does not. In a free market system, prices are not set by a central authority. In a communist or socialist system, prices are set by a central authority. These price fixing schemes are extremely problematic. I just don't understand why anyone would support socialism or communism. Read a history book, watch a documentary, for god sakes just educate yourself from facts instead of communist propaganda.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html[^] Just as I have been saying for over a year now. High inflation, even Hyperinflation is near. This is why a central bank has no place in a free-market, especially in America which is supposed to be a free country. Keynesian economics is a NO-NO. We must learn our lesson and REMEMBER IT THIS TIME. Those who don't know history are doomed to repeat it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
RBS does not Dictate U.S. policy This is opinion Good example of Cherry picking fallacy[^] Post the one you like This is pointless though. You will just blame everything On the central bank. Next, you will tell us That they cause global warming, Cancer, crime, and AIDS.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
RBS does not Dictate U.S. policy This is opinion Good example of Cherry picking fallacy[^] Post the one you like This is pointless though. You will just blame everything On the central bank. Next, you will tell us That they cause global warming, Cancer, crime, and AIDS.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)The Federal Reserve is the prime cause of the financial meltdown. Ben creates the money, Ben lends it out to whoever he wants at whatever interest rate he chooses. He buys US Treasuries, he loans money to foreign central banks and governments, he has all the money in the world and can do whatever he wants with it. The central banks are the real governments, they run the economies of the world and use legislative governments for their own goals. The real power is behind the thrown.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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ragnaroknrol wrote:
Well, history shows that if you allow the owner of a company that uses manual labor to set prices, they will completely abuse this and create a slave labor force. It is well documented.
No it does not. In a free market system, prices are not set by a central authority. In a communist or socialist system, prices are set by a central authority. These price fixing schemes are extremely problematic. I just don't understand why anyone would support socialism or communism. Read a history book, watch a documentary, for god sakes just educate yourself from facts instead of communist propaganda.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
do a Google search for "food riots" or "american industrial revolution riots" When there was no minimum wage, things were pretty aweful.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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The Federal Reserve is the prime cause of the financial meltdown. Ben creates the money, Ben lends it out to whoever he wants at whatever interest rate he chooses. He buys US Treasuries, he loans money to foreign central banks and governments, he has all the money in the world and can do whatever he wants with it. The central banks are the real governments, they run the economies of the world and use legislative governments for their own goals. The real power is behind the thrown.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
It all must be Ben Naught to do with stupid banks Lending to deadbeats Yep, must all be Ben Credit ratings on bad debt Was irrelevant. Blame it all on Ben Speculators aren't at fault They were all real smart! Let's all point at Ben Not all the intertwined firms That just can't be it. All because of Ben Not a bunch of stupid wars Wasting all our cash If you didn't see That this was all sarcastic Get your brain checked out.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
It all must be Ben Naught to do with stupid banks Lending to deadbeats Yep, must all be Ben Credit ratings on bad debt Was irrelevant. Blame it all on Ben Speculators aren't at fault They were all real smart! Let's all point at Ben Not all the intertwined firms That just can't be it. All because of Ben Not a bunch of stupid wars Wasting all our cash If you didn't see That this was all sarcastic Get your brain checked out.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)dear lord you've made it an art form.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
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dear lord you've made it an art form.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
Thanks for starting this... It makes responding to Pillowpants much more fun :)
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
You have absolutely no idea how an economy operates. It is a very complex machine that has a way of balancing itself out, much like the ecosystem and how all life evolves to adapt to its environment. Anything that interferes with this natural process will cause problems that will require a correction later down the road. Imagine a giant spring, you keep pushing and twisting and pulling, trying to get it to the shape you want, but eventually its going to spring back to its natural state and its going to break your arm and whip you in the face when it does it.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
Anything that interferes with this natural process
But economies are not natural processes like evolution. They are man made constructs and therefore subject to how men use them.
CaptainSeeSharp wrote:
It is a very complex machine that has a way of balancing itself out
There is no fundamental reason why free market economies should be self-correcting. In particular there is no reason why one should come out of a depression. Unless you take the view that wages will be driven down below subsistence level, as a result the supply of labour will contract (due to starvation) so, subsequently, the supply of labour will match demand and hence we will be back at full employment, and every one will be happy.
Regards David R --------------------------------------------------------------- "Every program eventually becomes rococo, and then rubble." - Alan Perlis The only valid measurement of code quality: WTFs/minute.
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do a Google search for "food riots" or "american industrial revolution riots" When there was no minimum wage, things were pretty aweful.
If I have accidentally said something witty, smart, or correct, it is purely by mistake and I apologize for it.
The reason for the riots was because the industrial revolution was reshaping the economy. People were used to growing most of their own food and the transition from working on the farm to working in the factory was a hard one. If there were a minimum wage during that period the industrial revolution would have been crippled or snuffed out and we would be behind technologically today. As a transitional period such as an industrial revolution progresses, things balance out. Transitional periods are always rough and government interference will only lengthen the transition and make it more difficult across the board. The riots were not only due to low wages, but the workers didn't have rights, they couldn't even vote. Any government that takes away rights of certain people will create classes of people who will always be exploited no matter what. China is a perfect example of that. They do not have a free market in China, therefor factory workers will never be permitted to increases salaries. In America, everyone used to have rights, we were most prosperous when everybody had their rights. We are least prosperous when certain people have their rights taken away. As we see today, the economy is in ruins, we are left to pay for 13+ trillion dollars in federal debt, and the debt of the state and city we live in, while the elite get bags of cash from the government and get to weild tremendous power over the American people. We are entering face first into bondage, neo-feudalism.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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The Federal Reserve is the prime cause of the financial meltdown. Ben creates the money, Ben lends it out to whoever he wants at whatever interest rate he chooses. He buys US Treasuries, he loans money to foreign central banks and governments, he has all the money in the world and can do whatever he wants with it. The central banks are the real governments, they run the economies of the world and use legislative governments for their own goals. The real power is behind the thrown.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
The real power is behind the thrown.
I didn't realise USA was a monarchy. :) EDIT: just realised it was meant to be a thrown... something or other. Or possibly a throne.
Regards David R --------------------------------------------------------------- "Every program eventually becomes rococo, and then rubble." - Alan Perlis The only valid measurement of code quality: WTFs/minute.
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CaptainSeeSharp wrote:
Anything that interferes with this natural process
But economies are not natural processes like evolution. They are man made constructs and therefore subject to how men use them.
CaptainSeeSharp wrote:
It is a very complex machine that has a way of balancing itself out
There is no fundamental reason why free market economies should be self-correcting. In particular there is no reason why one should come out of a depression. Unless you take the view that wages will be driven down below subsistence level, as a result the supply of labour will contract (due to starvation) so, subsequently, the supply of labour will match demand and hence we will be back at full employment, and every one will be happy.
Regards David R --------------------------------------------------------------- "Every program eventually becomes rococo, and then rubble." - Alan Perlis The only valid measurement of code quality: WTFs/minute.
We are part of nature, everything we do is due to evolutionary processes. We are not artificial or separated from natural processes.
riced wrote:
There is no fundamental reason why free market economies should be self-correcting.
There is, the engine that powers the economy are people's hardwired drives that have been developed and refined by the evolutionary process. People's actions and desires on an individual level keep the economy in check. However, if certain people are given governmental power to manipulate the economy (power trough the barrel of a gun) that will get us in the economic situation we are in today where a select group of people get a feed off everyone's bank accounts and wield tremendous power over the population.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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CaptainSeeSharp wrote:
The real power is behind the thrown.
I didn't realise USA was a monarchy. :) EDIT: just realised it was meant to be a thrown... something or other. Or possibly a throne.
Regards David R --------------------------------------------------------------- "Every program eventually becomes rococo, and then rubble." - Alan Perlis The only valid measurement of code quality: WTFs/minute.
riced wrote:
I didn't realise USA was a monarchy.
It is a figure of speech, but yes, it is getting to be that way.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
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We are part of nature, everything we do is due to evolutionary processes. We are not artificial or separated from natural processes.
riced wrote:
There is no fundamental reason why free market economies should be self-correcting.
There is, the engine that powers the economy are people's hardwired drives that have been developed and refined by the evolutionary process. People's actions and desires on an individual level keep the economy in check. However, if certain people are given governmental power to manipulate the economy (power trough the barrel of a gun) that will get us in the economic situation we are in today where a select group of people get a feed off everyone's bank accounts and wield tremendous power over the population.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]
CaptainSeeSharp wrote:
We are part of nature, everything we do is due to evolutionary processes. We are not artificial or separated from natural processes.
By that reckoning the Brooklyn Bridge, Empire State Building and every other man-made construct is part of nature. Never said we were separate, but we have the ability to shape things to our ends e.g. constructing an economic system that does not rely of unfettered free markets.
CaptainSeeSharp wrote:
There is, the engine that powers the economy are people's hardwired drives that have been developed and refined by the evolutionary process
As are the things like murder, rape, grabbing power for selfish ends, etc. So we should not condemn them, after all they are only natural.
Regards David R --------------------------------------------------------------- "Every program eventually becomes rococo, and then rubble." - Alan Perlis The only valid measurement of code quality: WTFs/minute.
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riced wrote:
I didn't realise USA was a monarchy.
It is a figure of speech, but yes, it is getting to be that way.
Invisible Empire: A New World Order Defined (High Quality 2:14:01)[^] Watch the Fall of the Republic (High Quality 2:24:19)[^] The Truthbox[^]