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#281 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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#282 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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Ah, so you are attempting to spllit the concept of money from that of currency...
Money and currency in practical terms are the same thing: tokens of exchange of value. "Real terms" refers to the physical goods and services that the token holder wants or desires. Put another way: a house, food, clothes, babysitting services, etc are "real terms", ie things that are needed or wanted. Money/currency is simply a means to facilitate the exchange of the value of those goods and services. The importance of stable, certain valuation of money/currency is so that all parties can know with certainty just what units of true value (again, food, houses, etc) can be obtained by holding a certain amount of money/currency. This allows individuals to value their labor accurately in terms of requiring sufficient money/currency from their employers to get the things they need and want. In turn, knowing how much specifically the worker will want for his labor, the employer can accurately price HIS product/service to generate the needed funds.
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#283 |
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Illuminator
Join Date: Jan 2011
Location: Bohemian Grove
Posts: 3,659
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#284 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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ONLY so long as the rate of exchange between money/currency and real value is stable. In a hyperinflationary scenario, for example, prices rise far faster than wages, meaning that a person can LOSE value by going to work that day. Ultimately, the collapsed currency has more utility to a person as toilet paper or heating fuel, or simply is discarded at the end of the day as trash.
This has literally happened in living memory (Weimar Germany, and Zimbabwe, for example. Zimbabwe, FYI, is considering returning to the gold standard for it's "new" currency. http://search.yahoo.com/r/_ylt=A0oG7...-gold-standard |
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#285 |
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Transcendental Naturalist
Join Date: Feb 2011
Posts: 3,230
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So? Basically you are fearmongering about the current system in a bizarre attempt to return us to the gold standard? Modern currencies aren't backed by nothing, that's quite an immature interpretation. You're basically fearmongering about Zimbabwe etc for no reason. It's kind of like a paranoia. You can relax, our currencies are tied to real life values, that's why all modern countires moved into such a system, it's ok. You don't have to be afraid of cell phones either.
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#286 |
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Illuminator
Join Date: Jun 2010
Posts: 3,395
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#287 |
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Penultimate Amazing
Join Date: Dec 2001
Location: The White Zone
Posts: 42,573
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__________________
If I see somebody with a gun on a plane? I'll kill him. |
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#288 |
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Penultimate Amazing
Join Date: Dec 2001
Location: The White Zone
Posts: 42,573
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__________________
If I see somebody with a gun on a plane? I'll kill him. |
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#289 |
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TAM Chocolate Dispenser
Join Date: Sep 2003
Location: The Heart of Old Europe
Posts: 9,811
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__________________
Grand Master, Knights of the Question Mark Illusion: too good to be true - Reality: too true to be good Authors build castles in the sky, readers live in them and publishers collect the rent. - Maxim Gorki Folks enjoy a witch-hunt as long as they are on the blunt end of the pitchfork. - Suezoled You can't use logic to talk a man out of a position that he didn't use logic to get himself into - passed down by Nyarlathotep Kids these days are better than their parents since they constitute the newest edition, the beta version of our societies - Cleopatra You´ll have to accept the fact that some people are just plain nuts. - Paul C. Anagnostopolous |
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#290 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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[quote=Joey McGee;7220502]So? Basically you are fearmongering about the current system in a bizarre attempt to return us to the gold standard? Modern currencies aren't backed by nothing, that's quite an immature interpretation. [/qyote]
It is the exact truth. What fixed value can a Federal reserve note be redeemed for?
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http://blog.truthingovernment.org/en...ting_outrages/ another (this time the Fed) http://www.thenewamerican.com/index....to-hide-losses Some more (now apparently set to end, at least Obama is being more honest than some of his predecessors) http://www.nytimes.com/2009/02/20/us.../20budget.html But before we give Obama too much credit, remember this little debacle: http://www.businessinsider.com/white...n-count-2010-1 States aren't immune: http://www.allbusiness.com/governmen...3911848-1.html |
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#291 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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Your argument was that pro-life was not consistent with Libertarianism when I pointed out that Libertarian principles DID make it consistent you cited an article where some Libertarians denied it (implying that because there was a lack of unity supporting it, the statement was somehow false). That's argument from controversy, or inversely an appeal to the majority.
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#292 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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#293 |
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Master Poster
Join Date: Aug 2010
Posts: 2,027
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That is the proverbial "hobson's choice" scenario, now isn't it? I don't know anyone who would deny in that situation that the better claim to life is the mother's. Typically these cases involve ectopic pregnancies or womb death, where the baby is going to die regardless.
That is a far different situation than the overwhelming majority of abortions, where the issues are non-life threatening in nature. http://www.christianliferesources.co...articleid=1203
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#294 |
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Illuminator
Join Date: Jan 2005
Location: Sunnyvale Trailer Park
Posts: 4,292
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Muldur, meet the Roman Catholic Church, which, when it isn't excommunicating doctors for performing life-saving abortions on nine-year-old rape victims, likes to withdraw its support from any hospital that isn't willing to let pregnant women die.
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#295 |
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Transcendental Naturalist
Join Date: Feb 2011
Posts: 3,230
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Why is being able to redeem for a fixed value so important to you? Floating currencies reflect reality better, that's why they are used, are you for abandoning reality?
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#296 |
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Illuminator
Join Date: Jun 2010
Posts: 3,395
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That's quite a convoluted way of saying things.
![]() If Libertarianism upholds individual liberty, especially freedom of expression and action, with the goal of maximizing individual liberty and freedom, how does that square with your own personal view that the states should regulate what a woman can do with her body, and that a fetus is a life and has rights? |
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#297 |
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NWO Litter Technician
Join Date: May 2004
Location: East of Sweeden
Posts: 9,755
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How is that possible? If it doubles every two years, then the average increase per two years is 100%, and since there are two two-year periods in four years, by your math it should be a 200% increase in 4 years, since that is what gives you an average of 100% per two years.
Yes, you're right for a change -- which means your math isn't even consistent. Doubling every two years leads to a 300% increase in 4 years. And no, it's not a 75%/year average. Let's see what a 75%/year increase would do in four years: Year 1: 100 Year 2: 100 * 175% = 175 Year 3: 175 * 175% = 306.25 Year 4: 306.25 * 175% = 535.9375 ... or an increase of over 435%, not 300%. If you're going to talk about inflation, learn the friggin' math already. It's not that hard, but you're not going to learn it from websites aimed at kids. |
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When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord, in his wisdom, doesn't work that way. I just stole one and asked Him to forgive me. - Emo Philips
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#298 |
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Penultimate Amazing
Join Date: Dec 2001
Location: The White Zone
Posts: 42,573
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__________________
If I see somebody with a gun on a plane? I'll kill him. |
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#299 |
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Penultimate Amazing
Join Date: Dec 2001
Location: The White Zone
Posts: 42,573
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__________________
If I see somebody with a gun on a plane? I'll kill him. |
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#300 |
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Penultimate Amazing
Join Date: Dec 2001
Location: The White Zone
Posts: 42,573
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What's funny, is that the hard core Libertards agree.
Shanek, when he posted here, actually held the position that there would be no conflicts in Libertopia, because everyone would know their Constitutional rights (THE SUPREME LAW OF THE LAND(tm)), and because of that, there would be no court cases to settle disagreements over matters of law. They wouldn't be necessary. |
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If I see somebody with a gun on a plane? I'll kill him. |
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#301 |
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Illuminator
Join Date: Sep 2010
Location: 31°58'S 115°57'E
Posts: 4,896
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Did you really think you could sneak in that bracketed term and nobody would notice? I posted about funding government deficits and you changed that to funding government deficits and repaying all government debt. Your statement might be correct but all you are doing is rebutting an argument I didn't make. (I'm sure you know what that strategy is called). The fact remains that if the same amount of money is being created under either system then there is no basis for saying that the dollar would be more unstable under one system than the other.
Much of what you posted about the activities of the fed are off topic. A central bank is not necessary for fractional reserve banking to exist. All that is needed is some form of debt monetization for the money the government borrows to be created. (Aside: Unlike many posters here, I have concluded that the fed is not the bad boy in this scheme - not as far as protecting the dollar from spendthrift politicians is concerned). The fact remains that under the current system, government debt keeps rising and so does the interest bill that taxpayers are forced to foot. As for repaying existing government debt, under a fractional reserve system this is impossible unless the government either runs surplus budgets (and uses the surplus to buy back debt) or holds a fire sale of government assets. Under a full reserve system, it would be a valid option to do nothing about government debt (since it is no longer rising) but the government could also create extra money to gradually pay off its debt. How fast we could pay off the debt would depend on how much inflation we could put up with (Tippit would probably describe it as using the "inflation tax" to pay off debt). |
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#302 |
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TAM Chocolate Dispenser
Join Date: Sep 2003
Location: The Heart of Old Europe
Posts: 9,811
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__________________
Grand Master, Knights of the Question Mark Illusion: too good to be true - Reality: too true to be good Authors build castles in the sky, readers live in them and publishers collect the rent. - Maxim Gorki Folks enjoy a witch-hunt as long as they are on the blunt end of the pitchfork. - Suezoled You can't use logic to talk a man out of a position that he didn't use logic to get himself into - passed down by Nyarlathotep Kids these days are better than their parents since they constitute the newest edition, the beta version of our societies - Cleopatra You´ll have to accept the fact that some people are just plain nuts. - Paul C. Anagnostopolous |
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#303 |
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Illuminator
Join Date: Sep 2010
Location: 31°58'S 115°57'E
Posts: 4,896
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#304 |
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Knave of the Dudes
Join Date: Jul 2010
Location: Communist Kingdom of Sweden
Posts: 7,477
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I believe that Muldur has, once again, falsified arithmetic.
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__________________
Disagreement begets progress. |
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#305 |
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NWO Litter Technician
Join Date: May 2004
Location: East of Sweeden
Posts: 9,755
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Actually... there is a brain fart in my example as well.
Not in the math, but in setting the scenario -- that's what you get when you try to write quickly while the morning coffee is still brewing. You start at year zero, not year one. With a 75% yearly increase, you hit 435% already after three years. In 4 years, the increase is over 800%, so MuldurMath isn't as badly wrong as you might think based on the example -- it's actually much worse.
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__________________
When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord, in his wisdom, doesn't work that way. I just stole one and asked Him to forgive me. - Emo Philips
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#306 |
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Graduate Poster
Join Date: Mar 2011
Posts: 1,002
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Here's what I don't understand and maybe someone could explain it to me. Advocating dumping fiat money for gold because it's more stable..well says who? I see that the price of gold is fluctuating like crazy these days. Clearly it doesn't have a stable value as currency either. It would be subject to the same fluctuations in value that some posters are railing against the dollar for.
There is nothing inherently valuable about gold. It's shiny so advanced monkeys like us think it's pretty. But there is nothing about it that gives it "real" value any more than a dollar bill that we know is accepted as payment. So I simply don't see where switiching our currency would make any real difference. I think people still believe that gold has real value like it did in our history. If you can say a dollar is meaningless I see the same argument being made against gold. We need some form of currency to trade goods and services. I prefer a dollar with a stable government doing it's best to keep an eye on how much it is worth to a return to the old system of trading shiny rocks for things. |
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#307 |
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Knave of the Dudes
Join Date: Jul 2010
Location: Communist Kingdom of Sweden
Posts: 7,477
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__________________
Disagreement begets progress. |
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#308 |
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Graduate Poster
Join Date: Nov 2007
Posts: 1,127
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#309 |
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Graduate Poster
Join Date: Jun 2008
Location: The Beaches of Florida
Posts: 1,038
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One of the most frustrating things about Dr. Paul is that he clearly isn't trying to win anything, he is simply trying to raise money from the fringe conservatives. I was a big fan in 2008; I don't have the heart to go through this again.
However, before I fly the white flag and move on, I'd just like to make two quick points: Point One: Ron Paul isn't suggesting we "dump fiat money for Gold". He is advocating that we allow competing currencies, and allow the people to decide which currency they prefer to use. Like your FIAT Federal Reserve credits? Great- use them. Prefer to accept only Gold and silver? Go ahead. Want to invent an entirely new form of currency? Why not? I have a question for you: why do you advocate a monopoly on currency? I see many advantage to competing currency, and fail to see how it hurts anything. If the "goldbugs" are in fact a tiny, irrelevant minority, what harm can they really do that they haven't already? Or is it possible, nay probable, that most of you are wholly ignorant of the subject, and simply repeating the same sound bites I've been debunking for 4 years now? The brings me to point number two: when I first joined JREF I think I may have had some unrealistic expectations. I expected that self-described skeptics and critical thinkers would be the people most willing to engage in intellectually honest debate. I was dead wrong. If you wish to oppose Dr. Paul, there is a plethora of valid reasons to do so. Disagree with his stance on abortion, or military spending, or his voting record. If there is another candidate who represents your positions better than Paul, you should absolutely vote for the other candidate instead. All I am asking is that you base this decision on voting records and reality, and not comedy sound bites and other blatant misrepresentations for the sake of comedy. Here's the tragedy: people like me have been disenfranchised by you, the "moderate majority". You "reasonable" people laugh at the Pauls, Perots, Kucinichs and Gravels- you label us "fringe wackos" and laugh and laugh and laugh and laugh. And then, you elect Obama, based on pretty soundbites, all the while IGNORING HIS VOTING RECORD. And then- and here is where I want to tear my hair out- half of you complain that he is a moderate conservative, and the other half of you pretend that this moderate but right-of-center President is somehow an FDR of the 21st century. Baloney! PURE BALONEY! I'll stop ranting, but before I go, just look at the recent healthcare reform for a crystal clear example of this: The conservatives hate Obamacare, that much was obvious before it ever came to a vote. But what about you liberals? Are you really happy with your mandatory insurance? Is this "Obamacare" fiasco truly better than the single-payer solutions offered by those wacky "fringe" candidates? Is this foreign policy truly "progressive"? Is President Obama truly representing the sort of "Progressive Mandate" that put him in office? No, President Obama is doing exactly what anyone who was paying attention expected him to do- appealing to the center, running a rather moderate agenda, and focusing far more on inevitable reelection than any sort of genuine progressive mandate. So go ahead- laugh at Paul and the other wackos; re-elect Obama. Tell yourself that during his second term, that's when he'll suddenly pull away the "moderate mask" and reveal himself as FDR 2.0. Pretend that his lifelong career was just "playing possum". I live in a country where Ron Paul is laughed at, and Donald Trump is a "serious contender". The writing is on the wall, folks. And to those of you who "get it"- don't apologize to me; apologize to your kids- they're the ones who will have to inherit this mess someday. |
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#310 |
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Graduate Poster
Join Date: Mar 2011
Posts: 1,002
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Ok I'm going to ignore your rant on how posters here aren't as intelligent you'd like them to be and healthcare and respond to the currency segment you were replying to.
You see NO possible problems with anyone in this country creating any form of currency they'd like? Not just fiat vs. gold but a currency free for all? Here's a likely scenario that's apparently beyond your comprehension: "Oh thank goodness an auto repair shop! I broke down a few miles back and I need help. I've been walking for hours. Could you tow my vehicle and repair it?" "No problem stranger. First I have to ask how many Fred Bucks you have, so I know you can pay for it." "Fred Bucks? What are Fred Bucks?" "Well Fred Bucks are the only form of currency accepted here in Fredland. You probably have those silly little U.S. dollars, or shiny rocks. Sorry we only take Fred Bucks. And one Fred Buck is the equivalent of $1,000 worthless U.S. dollars. That's the exchange rate decided upon here in Fredland. You better have a whole lot of those worthless U.S. dollars if you want your car to be fixed." But of course in free market land you just have to take yourself to the nearest, honest business. Which should be everywhere, even though there is no legal reason for a business to operate honestly. |
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#311 |
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Graduate Poster
Join Date: Jun 2008
Location: The Beaches of Florida
Posts: 1,038
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More ignorance.
Why not actually google the price of gold? In the same time it took you to pontificate your ignorance on this forum, you might have found this: ![]() And the fact that gold just broke $1500, and didn't immediately drop off, should scare your pants off. But no- go back to ignorance. And I'll go back to counting the profits I've earned from my precious metals. See, here's the cool thing, and the thing that keeps me from completely losing my mind- I know I'm right- the balance of my Roth IRA is proof positive. So laugh, and laugh, and laugh some more. I'm going to the beach. |
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#312 |
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Graduate Poster
Join Date: Jun 2008
Location: The Beaches of Florida
Posts: 1,038
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What you describe here is fraud. It has nothing to do with a competing currency.
Google: FOREX. Currencies are valued against each other all the time. Assuming "Fred Bucks" were a real currency, they would have a price pegged against USD, Gold, and everything else. If I buy something in the EU I pay them in Euros and convert from one currency to another. If the EU wanted to peg the Euro at $1,000 USD = 1 EUR, it would be far too expensive to do business there, which is exactly why that doesn't happen. If I want to cheat a desperate motorist, the currency at hand is not the issue. In your example, Fred could just as easily say: "I want $50,000 USD to fix your car". It is equally insane, and fraudulent. |
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#313 |
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Graduate Poster
Join Date: Mar 2011
Posts: 1,002
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You have fun at the beach. Have you left yet? You keep saying you're going but then you keep finding the time to call me ignorant.
I'll stay ignorant and continue supporting candidates who receive more than 8% of votes in a presidential election. p.s. Maybe you could write a letter to the brilliant Dr. Paul explaining to him what "theory" means in relation to science and that evolution is in fact real. Real great doctor that guy. |
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#314 |
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NWO Litter Technician
Join Date: May 2004
Location: East of Sweeden
Posts: 9,755
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__________________
When I was a kid I used to pray every night for a new bicycle. Then I realised that the Lord, in his wisdom, doesn't work that way. I just stole one and asked Him to forgive me. - Emo Philips
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#315 |
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Graduate Poster
Join Date: Jun 2008
Location: The Beaches of Florida
Posts: 1,038
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Had a lovely time, thanks. Don't want to stay out too long; I burn easily.
Also- allow me to appologise if I've hurt your feelings. I get annoyed at ignorance because, well, I think highly of you. As a fellow skeptic, I expect you to hold yourself to a higher standard of critical thinking. We can do better. That's what I mean to say. Number one: you flatter Paul with 8%; I don't think he got over 3% down here in the Florida primary. Number two: this is literally the appeal to popularity fallacy. Re-read my above post; I have been thoroughly disenchanted by Dr. "appeal to the lowest-common denominator of fringe paranoid conservatism for the sake of raising money" Paul for awhile now. That said- logical fallacy and appeals to emotion do not qualify as rational debate. And for all his many, many faults, I'm hard pressed to name a candidate closer to my own worldview. Not an exact match- not by a looooongshot- but our imperfect system demands a certain degree of compromise. Also- back to your "Fred Bucks" example- I'd challenge you to give me a valid reason why competing currencies are bad that isn't based on a misunderstanding. |
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#316 |
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Graduate Poster
Join Date: Mar 2011
Posts: 1,002
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Ok let's try this again. I'm sure we can do better.
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On top of not knowing logical argument procedure I don't know much about economic theory either. So if you do I'm sure there's no case I can present that you don't have some counter for, and even if it's some extremist position I don't have the knowledge to recognize that. All I know is that I don't want to live in a country with multiple competing currencies. I don't want to have to deal with exchange rates every time I need to cross state lines. I may be wrong but I certainly don't see how it's any improvement over the system we have of a singular, federally backed currency. |
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#317 |
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Muse
Join Date: Feb 2007
Posts: 928
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#318 |
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Muse
Join Date: Feb 2007
Posts: 928
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#319 |
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Knave of the Dudes
Join Date: Jul 2010
Location: Communist Kingdom of Sweden
Posts: 7,477
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Last time I checked Paul wanted to neuter SCOTUS on issues of abortion - which would make Roe v. Wade toothless.
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__________________
Disagreement begets progress. |
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#320 |
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Muse
Join Date: Feb 2007
Posts: 928
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