lord_casek Posted June 19, 2009 Share Posted June 19, 2009 No, we pay our taxes regardless of what our government does or doesn't do with it. What they do with it, is on their bill. We don't pay for wellfare any more than we pay for the bombs that blow up families in Iraq. All we pay is our taxes, and then we get to vote every four years for which politicians that we trust the most to do the right thing with said money. Aint nobody getting no delinquency notices from China in the mail. That shit goes to the government. you're misinformed and judging by your second post with size seven red font, you're visibly upset. learn more, then come argue with me. or you could go beat your ugly wife. there's an idea. Quote Link to comment Share on other sites More sharing options...
DRUNKEN-ASSHOLE-ONER Posted June 19, 2009 Share Posted June 19, 2009 you're misinformed and judging by your second post with size seven red font, you're visibly upset. learn more, then come argue with me. or you could go beat your ugly wife. there's an idea. You're the one who's misinformed. Ron Paul is your lord and savior. My size seven font is to laugh at you, you're the one who's visibly upset with your "MONGO!!! BOYCOTT GM!!! COMMIES ARE COMING!!!" Try growing some braincells and learning how to decypher bullshit, then come argue with me. Or you could just keep beating off to Ron Paul for the rest of your life till he tells you to drink the kool aid. Quote Link to comment Share on other sites More sharing options...
Feed Yer Ego Posted June 19, 2009 Share Posted June 19, 2009 i was under the impression that USD is pretty much the only currency you can buy oil with Quote Link to comment Share on other sites More sharing options...
FACTORY_MADE Posted June 19, 2009 Share Posted June 19, 2009 factory_made: we're basically paying interest on what our govt borrows from other countries when we pay taxes. we don't ever really see any of that money that is borrowed. mostly military. DAO: you can fly just above treetop level with no FAA approval. stop with the size seven red font and go read before you speak. you're a mongoloid. you are telling me that this incurs debt. but you arent explaining how this causes inflation? i imagine that the foreign currency has to be exchanged into american to circulate in our economy which requires more printing leading to inflation. but thats my guesss Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 19, 2009 Share Posted June 19, 2009 i was under the impression that USD is pretty much the only currency you can buy oil with lots of countries have gone to euro and some have requested gold. the dollar is too weak and other nations are now recognizing that it's a dumb move to buy/sell in dollars. i have no idea how the cat in a chair got into my post. another 12oz glitch. /matrix is collapsing? Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 19, 2009 Share Posted June 19, 2009 you are telling me that this incurs debt. but you arent explaining how this causes inflation? i imagine that the foreign currency has to be exchanged into american to circulate in our economy which requires more printing leading to inflation. but thats my guesss mostly it's numbers on a screen. the inflation comes from what people call overprinting. in some cases this is physical greenbacks, mostly it's numbers on a screen. Quote Link to comment Share on other sites More sharing options...
FACTORY_MADE Posted June 19, 2009 Share Posted June 19, 2009 Irving Fisher saw it first. The man who may have been the greatest American economist wrote about the debt-deflation theory of the Great Depression in 1933. "He saw that excess debt controls nearly all the economic variables," Hunt said in a recent interview. "Think about that for a minute. It's a very powerful statement - excess debt controls nearly all the economic variables." It means, he explained, that government stimulus won't do much. Basically, you can't borrow your way out of excess debt. "The only thing that will allow recovery is the passage of time," he said. Quote Link to comment Share on other sites More sharing options...
FACTORY_MADE Posted June 19, 2009 Share Posted June 19, 2009 mostly it's numbers on a screen. the inflation comes from what people call overprinting. in some cases this is physical greenbacks, mostly it's numbers on a screen. but how does this debt become inflation. Debt is owing money. But inflation is the devaluation of a currency due to its over abundance in comparison to its circulation. The only logical way i see this happening is if that borrowed money gets converted to american dollars which requires more dollars to be printed to represent this added value. Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 19, 2009 Share Posted June 19, 2009 but how does this debt become inflation. Debt is owing money. But inflation is the devaluation of a currency due to its over abundance in comparison to its circulation. The only logical way i see this happening is if that borrowed money gets converted to american dollars which requires more dollars to be printed to represent this added value. the borrowing isn't the biggest cause. it's the fed printing money out of nothing that causes the inflation. i'm pretty sure the borrowing is just to pay on what has already been borrowed. kinda artificially re inflating the bubble to see how long it will go before it totally deflates and nothing can be pumped into it to make it re inflate. delaying the inevitable to boost confidence so that, in the end, the same rich fatcats on wall street get even more wealth. hope that makes sense. Quote Link to comment Share on other sites More sharing options...
R@ndomH3ro Posted June 19, 2009 Share Posted June 19, 2009 think rescue applications, troop movement, etc. it's not time to think about a bunch of people flying around in mollers or air scooters (those exist too, dao). it won't save our economy, i was just pointing out innovation as an example to the chimp. troop movement, rescue applications...um...we already have something for that and I am sure that it works well and there is no need to reinvent the wheel and throw money at something that really doesnt look like it will work without serious reconstruction. 1 Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 19, 2009 Share Posted June 19, 2009 troop movement, rescue applications...um...we already have something for that http://leetgamer.files.wordpress.com/2009/05/blackhawk.jpg and I am sure that it works well and there is no need to reinvent the wheel and throw money at something that really doesnt look like it will work without serious reconstruction. i'm sure it is being redeveloped for a ton of applications. anyhow, as i said, was just an example to show innovation. chances are that the technology that makes the moller work will make it into a ton of different applications and we'll never know the difference. Quote Link to comment Share on other sites More sharing options...
Mercer Posted June 19, 2009 Share Posted June 19, 2009 I find this lack of faith disturbing. *Vaderchokingnonbeliever.jpg* Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 19, 2009 Share Posted June 19, 2009 good commentary on why the bailouts are going to fuck us up http://www.youtube.com/watch?v=dZSZwKrI4Ss&eurl=http%3A%2F%2Fwww.infowars.com%2Fron-paul-slams-federal-reserves-new-dictatorial-powers%2F&feature=player_embedded Quote Link to comment Share on other sites More sharing options...
LUGR Posted June 19, 2009 Share Posted June 19, 2009 dao, you're really beginning to worry me. Quote Link to comment Share on other sites More sharing options...
2009 Posted June 19, 2009 Share Posted June 19, 2009 Quote Link to comment Share on other sites More sharing options...
SystemFailure Posted June 19, 2009 Share Posted June 19, 2009 Very dry read, not for anyone uninterested in the subject of the actual process of creation, circulation, transaction of our intangible currency. But if you do take the time to read it, well it's just very fascinating and frightening A link to a small pdf for anyone interested in this document http://www.truthsetsusfree.com/ModernMoneyMechanics.pdf Quote Link to comment Share on other sites More sharing options...
YouMad.GIF Posted June 19, 2009 Share Posted June 19, 2009 i was under the impression that USD is pretty much the only currency you can buy oil with OPEC switched their standard to the euro last year Quote Link to comment Share on other sites More sharing options...
Mercer Posted June 19, 2009 Share Posted June 19, 2009 Faith is the only thing that ever gave any value to any currency. From trading shiny dirt, to printing on paper and coins, to creating intangible electron formations in a server. All of it is worthless when you boil it down. Quote Link to comment Share on other sites More sharing options...
Mercer Posted June 19, 2009 Share Posted June 19, 2009 It was never OPEC, it is our treaty with Saudi Arabia. Quote Link to comment Share on other sites More sharing options...
LUGR Posted June 19, 2009 Share Posted June 19, 2009 Quote Link to comment Share on other sites More sharing options...
lord_casek Posted June 21, 2009 Share Posted June 21, 2009 Judge Napolitano's Verdict on Obama's Insane Financial Overhaul Plan http://www.youtube.com/watch?v=ztsdAvqpqVM Quote Link to comment Share on other sites More sharing options...
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