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OOTB's Political Thread . ..

Yep, you caught me. The big banks are paying me a fat check to argue with you on the Internet.

What I said was that fractional reserve banking does not create money out of thin air. It increases the available supply of money to borrowers by letting big banks exchange excess reserves which allows them to lend more money. Lending that money is a value add to the economy. Credit availability increases economic activity for consumers and business owners alike. But the Fed has regulatory control because they set the interest rates on the federal funds market. That’s not creating money “out of thin air.”

It still increases the money supply and causes malinvestment. So, while it technically doesn't "create money out of thin air" like the FED can do, it still essentially creates money out of thin air.
 
I didn't say that. I said that your thoughts on those subjects were corporatist propaganda.

My ‘thoughts’ are mainstream macro theory. This is stuff anyone would learn in a 200 level macroeconomics class.

But then again everyone knows the real experts are on YouTube, not in university classrooms.
 
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My ‘thoughts’ are mainstream macro theory. This is stuff anyone would learn in a 200 level macroeconomics class.

But then again everyone knows the real experts are on YouTube, not in university classrooms.

Yeah, corporatist propaganda. Why would the schools teach you anything else? It's their job to prepare you for your career. Do you think most corporations are going to hire Austrian economists?

Oh, and I've taken Econ classes, watched college courses online, and read books.
 
The dollar is backed by the full confidence of the US treasury department
Whew! Now, I feel better! If the US Treasury says the US Dollar is A-OK, we're good-to-go! What could possibly go wrong?

The dollar's purchasing power is less and less and less, all the time.

I'll try again. Last time, though.

 
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So what's your suggestion to fix it?



How would the government pay for things if they didn't collect money from the people they're buying things for. Now granted, I think the government takes way too much money from the citizens and buys/builds/spends way too much on things it really doesn't need to be doing - but some spending is certainly necessary.
As was recently suggested, I would start with competing currencies.
 
Really? That's your response? Do you think that there is only one side of the economic coin? How narcissistic, and craven for positive attention, are you?

I’m not the one shopping around internet message boards to find one that won’t ban me.
 
I’m not the one shopping around internet message boards to find one that won’t ban me.

I'm banned on one board, and that was pretty much by choice, but please continue to change the coversation. Evidently I'm not the one who doesn't realize that there are university economic lectures on Youtube.
 
Whew! Now, I feel better! If the US Treasury says the US Dollar is A-OK, we're good-to-go! What could possibly go wrong?

The dollar's purchasing power is less and less and less, all the time.

I'll try again. Last time, though.


It's a good attempt, but all you're going to get is some broad argument from authority that won't even attempt to refute the claims made in the video.
 
It's a good attempt, but all you're going to get is some broad argument from authority that won't even attempt to refute the claims made in the video.
Well, falling-back on "The US Treasury says everything is okay" is hardly foolproof! What the hell else are they going to say? "Okay, folks... we basically sold this country to the banking industry in exchange for an unlimited subscription to being first at the trough of their printing press."

If one thing has been proven to me, without ANY doubt, the Federal Government (as an institution) doesn't GIVE A SHIT about the average people. The government- as an institution- is only interested in maintaining its own control and self-interest.

Now, occasionally, on an individual basis, you can find people who are in government who care about the geenral welfare of their fellow human beings. But, the system is rigged to serve the people in power FIRST. It always had, and it always will.
 
Well, falling-back on "The US Treasury says everything is okay" is hardly foolproof! What the hell else are they going to say? "Okay, folks... we basically soldback to the gold this country to the banking industry in exchange for an unlimited subscription to being first at the trough of their printing press."

If one thing has been proven to me, without ANY doubt, the Federal Government (as an institution) doesn't GIVE A SHIT about the average people. The government- as an institution- is only interested in maintaining its own control and self-interest.

Now, occasionally, on an individual basis, you can find people who are in government who care about the geenral welfare of their fellow human beings. But, the system is rigged to serve the people in power FIRST. It always had, and it always will.
What’s the answer, going back to the gold standard? I’m not arguing, I’m really asking.
 
I've seen a little about it. Parents that don't vaccinate their kids should be beaten. These outbreaks are another problem with the masses of immigrants at the border.
I've never understood the anti-vax movement. There's no reason not to get the vaccination. It's just weird to me that some people ignore science. I hope these parents feel guilty about making their kids suffer needlessly.
 
I've never understood the anti-vax movement. There's no reason not to get the vaccination. It's just weird to me that some people ignore science. I hope these parents feel guilty about making their kids suffer needlessly.
I watched on lady claim that she had the measles when young and she was just fine, what a dumbass.
 
I've followed it a little bit. Has it spread outside of New York? I know they're having disease issues out in California with all the homeless, and at the border with all the illegals.
NY is just the latest big story in the outbreak. 19 states have confirmed cases of measles, with a total of 495 confirmed cases and we aren't even halfway through the year. It's on pace to be the biggest outbreak since at least the year 2000. And stop with the illegals BS. Every creditable expert agrees that this can be traced back to stupid parents not getting their kids vaccinated.
 
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NY is just the latest big story in the outbreak. 19 states have confirmed cases of measles, with a total of 495 confirmed cases and we aren't even halfway through the year. It's on pace to be the biggest outbreak since at least the year 2000. And stop with the illegals BS. Every creditable expert agrees that this can be traced back to stupid parents not getting their kids vaccinated.

Yeah but everyone knows that the credible experts are all globalist corporatist schills.
 
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Yeah but everyone knows that the credible experts are all globalist corporatist schills.
It really does blow my mind that so many people believe these stupid anti-vax people. I honestly believe that not getting your child vaccinated is borderline child abuse.
 
NY is just the latest big story in the outbreak. 19 states have confirmed cases of measles, with a total of 495 confirmed cases and we aren't even halfway through the year. It's on pace to be the biggest outbreak since at least the year 2000. And stop with the illegals BS. Every creditable expert agrees that this can be traced back to stupid parents not getting their kids vaccinated.

I'm not putting it on the illegals, but they're still having disease issues at the border and out in California with all the homeless.
 
Yeah, Rasmussen tends to be more favorable to Republicans, but the rest seem to be more favorable to Democrats. That's why RCP was so off during the 2016 election.
Fox News has him at 46%. It's not just places you would say are left leaning. National polls are useless though. State polls are what you should pay attention to. More specifically, purple states and states that flipped for Trump in 2016.
 
Fox News has him at 46%. It's not just places you would say are left leaning. National polls are useless though. State polls are what you should pay attention to. More specifically, purple states and states that flipped for Trump in 2016.

I agree with this. I told people in 2016 that Trump was going to win Florida and everyone laughed at me. He's going to win Florida in 2020 as well. Mark it down.
 
I don't agree with the anti-vax people, but in no way should it be criminal.
Why not? They are putting innocent people in danger because of their foolishness. Do you think it should be a crime to drive drunk? Same thing.
 
NY is just the latest big story in the outbreak. 19 states have confirmed cases of measles, with a total of 495 confirmed cases and we aren't even halfway through the year. It's on pace to be the biggest outbreak since at least the year 2000. And stop with the illegals BS. Every creditable expert agrees that this can be traced back to stupid parents not getting their kids vaccinated.

Read somewhere that NY wants to fine parents who don't vaccinate their children. Love it.
 
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