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#102 Oct 10 2011 at 9:56 AM Rating: Good
Meat Popsicle
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ShadowedgeFFXI wrote:
stuff


I'm going to express my free will by disagreeing with the majority of what you just said.
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#103 Oct 10 2011 at 10:02 AM Rating: Good
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Goodbye, I'm done here guys.


Liar, you don't have anything better to do.
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#104 Oct 10 2011 at 10:05 AM Rating: Good
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This is the second time in so many of his self created propaganda threads that he's been done here.
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#105 Oct 10 2011 at 10:06 AM Rating: Good
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lolgaxe wrote:
This is the second time in so many of his self created propaganda threads that he's been done here.
He did compliment you on being less trollish. Though, that might actually be an insult to you, I guess.
#106 Oct 10 2011 at 10:08 AM Rating: Good
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Yeah, chalk it up to something else he was wrong about.
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George Carlin wrote:
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#107 Oct 10 2011 at 10:51 AM Rating: Excellent
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It's no wonder the FED has so much power when it's opponents walk away from doing anything about it so quickly.
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#108 Oct 10 2011 at 11:35 AM Rating: Good
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Smiley: lol
#109 Oct 10 2011 at 12:23 PM Rating: Good
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Uglysasquatch wrote:
It's no wonder the FED has so much power when it's opponents walk away from doing anything about it so quickly.
To be fair, he isn't really known for sticking to his beliefs. He's an opinion hipster, doing whatever is contrary or unusual.
#110 Oct 10 2011 at 3:02 PM Rating: Excellent
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Ron Paul wrote:
You never want to the central bank to cool off a boom


No, you do want to do this, because otherwise hideously large bubbles form. And they will burst.

Ron Paul wrote:
You never want inflation


No, you use it as a method to change market dynamics. It heats up a slow economy to push past a bust.

The crash occurred because these things were not being done, not because they were being done too much.
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#111 Oct 10 2011 at 4:15 PM Rating: Excellent
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Timelordwho wrote:
Ron Paul wrote:
You never want to the central bank to cool off a boom


No, you do want to do this, because otherwise hideously large bubbles form. And they will burst.

Ron Paul wrote:
You never want inflation


No, you use it as a method to change market dynamics. It heats up a slow economy to push past a bust.

The crash occurred because these things were not being done, not because they were being done too much.


Yeah. There's lots of debate about what the Fed did or didn't do, but the usual complaint about the Fed is that they didn't act to raise interest rates while the housing bubble was building in order to slow down its growth and diminish its eventual collapse. We can question whether the absence of a Federal Reserve Bank would have made much difference either way.


And honestly, that kinda highlights the biggest problem with Paul's position. As I've mentioned a few times, he does not present an alternative and show how it would be better. Just talking about the gold standard and "sound money" over and over doesn't actually tell us how the gold standard would prevent such things, or what "sound money" really means, or how it would act differently in the case of a bubble. The whole point of a central bank controlling money supply and lending rates is that said bank may be able to spot larger trends in the economy which smaller banks might miss, and may be willing to make decisions which may be harmful in the short run but better in the long run, which smaller local banks might not ever do.

That the Fed occasionally fails to make those harder choices does not remove the fact that smaller banks closer to the action are going to fail to pass up on quick profits even less often and will therefor more likely fall into bubbles absent the Fed than they will with it there. Complaining about the Fed is kinda like complaining about failure rates of parachutes. If your complaint is designed to fix the problems, then it's constructive. If your complaint is designed to just eliminate the parachute from the whole "jumping out of a plane" operation, it's not so constructive.

Edited, Oct 10th 2011 3:16pm by gbaji
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#112 Oct 11 2011 at 6:10 AM Rating: Good
1) People who disagree with you are dumb by default.
2) Nit picking isn't trollish behavior.
3) Rate up for you being done here.
#113 Oct 11 2011 at 3:56 PM Rating: Good
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I'm sad this thread is about the fed and not actually about the protests...
#114 Oct 11 2011 at 3:56 PM Rating: Good
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The protests are barely about the protests.
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#115 Oct 11 2011 at 4:01 PM Rating: Good
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lolgaxe wrote:
The protests are barely about the protests.


yeah, fair enough, but they are an interesting spectacle at the very least. Well, a more interesting spectacle than whatshisface talking about the federal reserve.
#116 Oct 11 2011 at 4:11 PM Rating: Excellent
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I got a travel advisory notice today about the protests.
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#117 Oct 11 2011 at 4:11 PM Rating: Excellent
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Winter is coming. I bet the numbers dwindle as the temps drop. We've already had a few blog/tweet/etc. wondering why they couldn't occupy in August instead of October. My guess is after few weeks of near freezing temps with constant rain we get our parks back.
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#118 Oct 11 2011 at 4:27 PM Rating: Decent
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someproteinguy wrote:
we get our parks back.


What's left of them.
#119 Oct 11 2011 at 6:07 PM Rating: Decent
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They've only been out this long (in New york at least) because it's stayed pretty warm.
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#120 Oct 12 2011 at 5:56 AM Rating: Excellent
Raolan wrote:
someproteinguy wrote:
we get our parks back.


What's left of them.
Who doesn't want to take a stroll through hippie ****?
#121 Oct 12 2011 at 9:07 AM Rating: Good
Olorinus wrote:
yeah, fair enough, but they are an interesting spectacle at the very least.

Yeah, no, they really aren't. They're nothing but a sad commentary on a culture that genuine has nothing of real import to worry about anymore. We are not an oppressed people, we are not downtrodden and the poorest among us are fat. We are a society that no longer wants to take responsibility for our actions, and these protests are nothing more than an extension of that.

Last night on the news I saw a woman complain that she bought a home, lost her job and couldn't pay the mortgage on a $170,000 balance. The bank foreclosed on her and short-sold the home 3 months later for $50,000. Her complaint? "It's just not fair that I was foreclosed on when they were just going to unload it for so little."

Not fair? Really? That a bank, which you borrowed money from that you couldn't pay back, would want to sever all ties with you and get a little return on their loan? Not fair that they weren't willing to void a contract you signed because your life isn't working out the way you planned? Because it sure as f'uck seems fair to those of us who are still making good on our commitments even though you stupidly buying a house you couldn't afford has helped the value of my house plummet.

These f'uckwad kids in a park in NYC ******** about student loan debt will get no sympathy from the majority of the "99%" they claim to represent. No one forced them to go to college, or to live on student loans. Take responsibility for your own choices, people. That's what's fair.
#122 Oct 12 2011 at 9:49 AM Rating: Excellent
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MoebiusLord wrote:
They're nothing but a sad commentary on a culture that genuine has nothing of real import to worry about anymore. We are not an oppressed people, we are not downtrodden and the poorest among us are fat.

Huh. I felt the same listening to the Tea Party try to compare this nation to some Soviet Bloc country.
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#123 Oct 12 2011 at 10:24 AM Rating: Good
Jophiel wrote:
MoebiusLord wrote:
They're nothing but a sad commentary on a culture that genuine has nothing of real import to worry about anymore. We are not an oppressed people, we are not downtrodden and the poorest among us are fat.

Huh. I felt the same listening to the Tea Party try to compare this nation to some Soviet Bloc country.

Any time they get away from "Less taxation, less spending, less regulation" they start an exponential decline in to nutter-ness.
#124 Oct 12 2011 at 10:42 AM Rating: Excellent
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Heck it's why we're in Afghanistan right now is to defend those fields.


Smiley: laugh And if you believe that, you'll believe anything.
#125 Oct 12 2011 at 11:08 AM Rating: Good
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MoebiusLord wrote:
Take responsibility for your own choices, people. That's what's fair.
Smiley: lolGod you sound like a broken record.

Protesting in a park is taking responsibility. It's an acceptable, legal, practice to try and reform legislation.

Oh, you mean they should just shut up and suck it up?

Ok, so I'm not complaining that I lost nearly a third of my retirement. I chose to invest it after all. When my broker said 'really secure' I chose to believe her.

But hey, if some folks want to stand in central park to try and improve our financial system and perhaps up my chances of not losing another 30% of my retirement, I'm all for it.

It's funny that you openly support the tea party protests yet claim occupy wallstreet is only about waiving responsibility - all in the same thread. What's funnier is that you spread the good gospel by using a couple of stupid anecdotal stories thinking assuming they're going to sway anyone's opinion (like they apparently did you). The protests came about for very similar reasons. People are outraged. You and your tea party cronies outrage about big government, government spending and entitlement programs. It's no more meaningful or special or important or worthy than the wallstreet protestors outrage over income gap, big CEO bonuses, the declining middle-class or money hoarding.

The tea party protesters are fat too. So they have nothing to complain about right?









Edited, Oct 12th 2011 7:10pm by Elinda
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#126 Oct 12 2011 at 11:08 AM Rating: Excellent
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MoebiusLord wrote:


Not fair? Really?


Yeah, actually it is "not fair" that people who make hundreds of million dollars a year get bonuses for tanking the world economy while people who lose their jobs because of those ***** selling mortgage sausages (which was criminal in my mind) lose their houses.

It would have been cheaper and more moral to "bail out" people who couldn't afford to pay their overinflated mortgages than spending billions propping up the wall street crowd who made the mess in the first place.

Seriously. Why are taxpayers on the hook for bailing out wall street? I have no problem with capitalism, but what has been happening for the last few years isn't capitalism - it is a bunch of corporate welfare bums sucking our governments and our societies dry. If people truly wanted capitalism they would have let every bank and investment broker who sold those botulism filled mortgage sausages go under. Isn't that a market correction? Why should these institutions be spared while ordinary people can't catch any breaks?

Also, no it isn't fair to charge poor people MORE to go to university than people who can afford to pay up front (that is what student loans do, they make poor people pay more to go to school than rich people). Either tax rich people more so that poor people can go to university for free, or have a sliding scale tuition which charges people according to what they can afford.



Edited, Oct 12th 2011 10:12am by Olorinus
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