Occupy Wall Street: Not on major media but worth watching!

[Dudesome]

What do you have against interest on bond sales? We sell bonds and put part of it back into the system as cash. QE is defense, not an economic strategy.

interest on bond sales? Wtf man how baked are you haha? =D
"We" sell bonds? You have to distinguish national debt and government debt. Two Big differences.
And if we do sell bonds do you have any idea WHO we sell it to? In other words who owns our asses?
What do I have against the whole IOU-Fiat currency swappin scheme?

Dude..... THE PAPER HAS NO VALUE.... no capital. The only thing that's backing today's world currencies is US millitary power.

The whole petro-dollar scheme polutes our planet earth, slows general technological progress and destroys human morals.

 

[Dudesome]

BTW the stuff you call fiat currency is generated through fractional reserve. Investment and commercial banks generate currency through fractional reserve. Is their capital fiat too?

yup almost 95% fiat. 99 by some sources. add to this their debt to CBs... and their balance sheet is shit

 

[Dudesome]

I think the have less to do with each other than you're willing to admit.

that's ofcourse coming from a man, who did a good research on the differences and similarities of both, right?

I think the idea of utopia is unrealistic. I've always considered perfect is the enemy of good a very weak argument.

wait. is it just me or those 2 sentences contradict eachother?

 

[DiscoBiscuit]

interest on bond sales? Wtf man how baked are you haha? =D
"We" sell bonds? You have to distinguish national debt and government debt. Two Big differences.
And if we do sell bonds do you have any idea WHO we sell it to? In other words who owns our asses?
What do I have against the whole IOU-Fiat currency swappin scheme?

Dude..... THE PAPER HAS NO VALUE.... no capital. The only thing that's backing today's world currencies is US millitary power.

The whole petro-dollar scheme polutes our planet earth, slows general technological progress and destroys human morals.

Let's backtrack. You say you don't mention fractional reserve but that's the vehicle that grows interest (what you refer to as fiat.) I'll agree you're not making that point as soon as you attempt to make another.

I you refuse to recognize GDP as value then we have no argument. Not that we agree, we lack fundamental basis for argument.

 

[DiscoBiscuit]

yup almost 95% fiat. 99 by some sources. add to this their debt to CBs... and their balance sheet is shit

Is that how you feel about the interest your investments are earning?

 

[DiscoBiscuit]

that's ofcourse coming from a man, who did a good research on the differences and similarities of both, right?

You're just not very convincing.

wait. is it just me or those 2 sentences contradict eachother?

Not at all. I neither expect a perfect system nor do I consider the lack of as reason to regress and like it.

 

[Dudesome]

Let's backtrack. You say you don't mention fractional reserve but that's the vehicle that grows interest (what you refer to as fiat.) I'll agree you're not making that point as soon as you attempt to make another.

I you refuse to recognize GDP as value then we have no argument. Not that we agree, we lack fundamental basis for argument.

wait. Are you trying to tell me that USD is backed by its GDP? IF you are, then it's not us who lack fundamental basis. Its simply you

Dude there's 300 trillion usd outthere. how big of GDP would u need to back that up? are u serious?

GDP does have value. But look at china. If you want ur GDP to back the currency, then you have to make 99% planned economy around it. Otherwise the relationship betweet inflation-gdp will be a huge problem. Everytime your money lose value, your gdp will grow, because the prices go down. This should then bring the currency up. This brings hell to a nonplanned economy. It even brings hell to a 100% planned economy. Look at China.

Edit: I find Chinas economy to be nowhere near 100% planned. Just so theres no missunderstanding

 

[Dudesome]

Is that how you feel about the interest your investments are earning?

I nolonger do any paper investments, and neither should u. Interest rates? IN THIS ECONOMY? hahahha. stick to ur 401k see where it gets u.
Actual physical commodities dont bring interest rates. Their prices are so planned, that they refuse to skyrocket. Yet their value is HUGE in this world of paper.

 

[DiscoBiscuit]

wait. Are you trying to tell me that USD is backed by its GDP? IF you are, then it's not us who lack fundamental basis. Its simply you

Dude there's 300 trillion usd outthere. how big of GDP would u need to back that up? are u serious?

I already posted that QE isn't a growth strategy. It's an attempted defense at avoiding worse economic conditions. Your concept doesn't acknowledge key aspects and conditions. No need to bash heads over ideological differences.

GDP does have value. But look at china. If you want ur GDP to back the currency, then you have to make 99% planned economy around it. Otherwise the relationship betweet inflation-gdp will be a huge problem. Everytime your money lose value, your gdp will grow, because the prices go down. This should then bring the currency up. This brings hell to a nonplanned economy. It even brings hell to a 100% planned economy. Look at China.

GDP indeed has value and short of measures to mitigate global depression is our fundamental measure.

And the amount of money we borrow isn't static. The principle is loaned and new loans are based off that. All these loans earn interest and capital grows. Again, not taking on your ideology. Just reminding you of a few things you fail to consider or at least mention. Just in case you don't already know, I'm not a fan of Austrian economics.

 

[Dudesome]

I already posted that QE isn't a growth strategy. It's an attempted defense at avoiding worse economic conditions. Your concept doesn't acknowledge key aspects and conditions. No need to bash heads over ideological differences.

GDP indeed has value and short of measures to mitigate global depression is our fundamental measure.

And the amount of money we borrow isn't static. The principle is loaned and new loans are based off that. All these loans earn interest and capital grows. Again, not taking on your ideology. Just reminding you of a few things you fail to consider or at least mention. Just in case you don't already know, I'm not a fan of Austrian economics.

just so u can stop talking about interest rates, mate

http://www.moneycafe.com/library/fedfundsrate.htm

dive in this. does 0-0.25% sound good to u? =D

this market u spoke of is dead since 2009. ure a dinosaur

 

[dagnabit]

[YOUTUBEIF]PTUY16CkS-k[/YOUTUBEIF]
hilarious vid!!! 5:30-6:40 loling!!!

 

[Dudesome]

DiscoB, man I see how you are approaching these things. You were tought things traditionally.

I see you are very well educated. It's great and I respect that.

Now if you just start updating urself with information, your opinion will change dramatically.

I recommend going with zerohedge, bloomberg and RT. Great media and somewhat objective compared with what they will feed u in wsj, cnn, cnbc and all that shitty media

 

[Dudesome]

hilarious vid!!!

right to the spot man. as always

 

[dagnabit]

[YOUTUBEIF]yipV_pK6HXw[/YOUTUBEIF]

min 1:32

"what about the goldman sachs? did they buy another bank?"
"no."
"why not?"
"because when you already own the U.S. government you dont need to buy more banks"



this vid series is awesome!!!

 

[Dudesome]

the oonly question is: why just Goldman sachs? I thought that jpm deals to fed aswell as citi

 

[dagnabit]

[YOUTUBEIF]nnUfPQVOqpw[/YOUTUBEIF]

lmao..

tea party!!

hilarious!

 

[Dudesome]

lol :

I wanna bang my head against the wall
You shouldnt do that
why?
cause the healthcare is very expensive

 

[Dudesome]

wow im amazed by view numbers on these videos.. 1,5mil? thats alot...

 

[Dudesome]

Goldman Sachs v. Occupy Wall Street: A Greg Palast Investigation

amazing story on utube... the REAL BANKING in progress to stick splinter into goldmansachs penis



local banking is a great solution for many things

 

[DiscoBiscuit]

I nolonger do any paper investments, and neither should u.

As long as your advice follows you're heart, no thanks.

Interest rates? IN THIS ECONOMY? hahahha. stick to ur 401k see where it gets u.

I make money like millions of others who care little about your economic philosophy.

Actual physical commodities dont bring interest rates. Their prices are so planned, that they refuse to skyrocket. Yet their value is HUGE in this world of paper.

Sure they do. Park a tanker full of wheat, oil or commodity of choice in the Gulf of Mexico. Wait until the supply to demand ratio leans in your favor and dish. That's your free market working for you, no limits to exploitation of everyday commodities.

just so u can stop talking about interest rates, mate

http://www.moneycafe.com/library/fedfundsrate.htm

dive in this. does 0-0.25% sound good to u? =D

this market u spoke of is dead since 2009. ure a dinosaur

Like I said, no sense in justifying what ain't likely to change. And don't pretend I'm quantifying.

man I see how you are approaching these things. You were tought things traditionally.

You're all romance. No practical application of laissez fairre exists, we're not likely to go back to the 19th century and you're batting zero on pragmatism. Just look at Paul's election results. By the time enough voters know what he's all about, he gets two maybe three percent of the vote.

Of course you can have conversations of what might have been. Or you can read a history book and get a good idea. You can read all about the conditions, the attempted fixes and their ramifications, all the way up to the depression. Then you can compare reforms and watch the problematic statistics wane. Cut to 1988 and see those same statistics rise again to record levels since 1929.

I see you are educated. It's great. Now if you just start updating urself with information, your opinion will change dramatically. I recommend going with zerohedge, bloomberg and RT. Great media and somewhat objective compared with what they will feed u in wsj

WSJ is a rag if it's former self. And I don't subscribe to economic romance. I'm a student of history more than ideology. Especially when a particular ideology and history collided in such a way that we're unlikely to return and for good reason.

lol :

I wanna bang my head against the wall
You shouldnt do that
why?
cause the healthcare is very expensive

You just hit the nail on the head. What do you expect happens to 1/6th of GDP and rising? Sorry, I forget reminding you of reality doesn't favor the soundbite. Healthcare is the least regulated industry in the country. How do you like your laissez fairre now?