Acantha

As they should. We're getting exactly the respect that we have EARNED. We have been losers for years and years, and we are just now showing that we do not still deserve that title. And we are doing it slowly. We aren't blowing teams out, we're winning hard fought games, and we lost an embarassing game. As we EARN more praise, we will get it.

Jefferson was one smart man. I never stop being surprised by how prophetic he was about politics/government and the minds of men.

My love for this team grows by leaps and bounds each week. NOW SQUISH THE DAMN FISH! and JSP starts thread Terrible curse to our Bills Stop, JSP, stop.

Right over your head.

This was obviously and act of terrorism.

While I agree it's pathetic to dress up your kid like that, I really don't think it has much to do with pedophiles. Using the article as an example, I think if someone is sick enough to be attracted to a 6 year old in that hooker getup (whatever the hell it is), they would be just as attracted to her in the princess costume.

Good for me. And you shouldn't be drunk emailing anyway.

Roy Williams is an awesome WR playing for a horrible team. I do think that price is too much for Dallas to give up, but maybe not for a team in desperate need of a WR...maybe Seattle. Given his talent, I'd say a 1st was a good average price for him. So in this case, yes, I think Dallas overpaid. But then again, maybe they won't be keeping TO after this year? You never know what their needs are.

Yep. From the banks who lent it, to the people who signed their lives away, they should all suffer the consequences of their stupidity. Bailing them out only assures they will do it again.

This whole post shows such little understanding of how the financial system world and human nature work. It really sums up where you are on this. And again, saying Ron Paul over and over again doens't win you an argument. You've gone off the deep end now, so there's really no point in this anymore.

Where did I EVER mention Ron Paul??? Go ahead, keep putting words in my mouth. And you apparently know very little on Mises, so please don't act as though you have a full understanding of his work. I'm talking about the inflation since the moment we went off the gold standard. That period.

But you haven't given an argument rooted in data that it's not. And if you want it, read the link I provided. Will take more than a few minutes, but the info is there.

Bull. The fed pushed the housing run by keeping interest rates artificially low. There's no reason to do that except to push fractional reserve banking to the limits. The more they could lend, the more they made. When you create a central bank, there is going to be booms and busts. But the Fed doesn't allow busts. It pushes through them, creating even bigger meltdowns.

There is a real arugument for it, and data to show how things progressed pre-central bank, how the Fed came into existence, and what central banking in general does to an economy over time. These aren't dispelled myths, they are truths swept under the carpet by banks (such as JP Morgan who lead the charge for the FED) and Wall Street so that they could coutnerfeit their way to prosperity. Creating the Fed has allowed one entity, not controlled by anyone, to have free reign on inflation. It doens't matter what kind of economics you believe in, the simple idea of that is insane. If you want the arguemnts, here: The Case Against the Fed But please don't act like I'm here preaching voodoo and mysticim because the economics I study isn't in line with what the banks are trying to tell everyone.

I"m not trying to hide anything. And there's no need to go back to coin currency with zero lending. Having currency backed by gold doesn't mean you can't lend money. It means you can't lend money that doesn't exist. It means that the "trust" you speak of is acutally in the right place. Banks earn trust by having 100% reserves. If they didn't first earn that trust, nobody would deposit money with them, period. The only reason for central banking is to push inflation, and yes, I think inflation is a bad thing.

Actually, now that I looked this over, I think you're moving your numbers the wrong way. They should go up. The FED doesn't mandate that they must keep 10%, it mandates that they have 10% in reserves to what they lend. The bank has a dollar, so they lend out 10.00. So they have 10% in reserves of the total amount they have lent. EDIT: Sorry, I've been trying to get back here for a while to take this back. When I sat and thought about it, I realized we were saying the same thing, you were just being a lot more specific than I was.

Point number 1 was my own opinion, probably could have been left out, but I really hate that rag. Kind of like Bernanke, less than 3 months ago in a congressional hearing, telling everyone we were fine. I'm sure the quote is off a bit, but something like, Our economy is on as sound a foundation as it has ever been on. 6 weeks later, we need 700B NOW or else the enitre economy will collapse. These are the people we are supposed to trust to do the right things. As for the rest, yes that's what I'm saying. Since Bills_Fan already elaborated, I won't do so again. But even in your scenario, your saying everything is just fine that the bank doesn't have 96 cents of every dollar you have put into it. Even if it were that simple, that's nuts! At that point, they might as well be at 1.4...or 9.8...or whatever. At the end of the day, they still don't have the money they are supposed to have! It's a good thing we have FDIC, even though they really doesn't have any money either. I think the last estimate I read was something like the FDIC could cover 1.5% of money it insures! After the last couple months I'm sure that has gone down...especially since they just more than doubled the amount they are legally able to insure. The whole thing is a SCAM! The sooner people have some sense of that...well, nothing I guess. We're too deep for knowledge to even matter anymore.

1. The economist. The same people and frame of mind that are running things into crap right now are writing for the economist. They are bunch of self appointed genious that write based on theory instead of practice. 2. The actual quote is: "In America, outside Wall Street, the banks have lent 96 cents for each $1 of deposits." Which is opposite of what you wrote. 2a. There are no sources listed for that information, I've never read it before, and the whole idea of fractional reserve banking makes it highly unlikely that it's true. 3. America's wealth is on wall street. Saying "outside Wall Street" makes the whole thing kind of pointless.

Whoa. The Federal Reserve (the great US Central Bank) has set a 10% fractional reserve rate. If someone deposits 1,000 into an account, the banks can lend out 10,000. Not only that, but with the pyramid scheme of the central bank, that money is deposited into the central bank, then the central bank can lend out 10,000 dollars to the bank, and the bank can lend out 100,000. (that doesn't normally happen with individual account deposits, but technically it can. It DOES happen when the fed decides to counterfeit the dollar by buying it's own assets) We are nowhere NEAR .96 cents to the dollar.

While I don't claim to be an expert, I completely disagree with your outlook. While you're right about Europe (after WWII we took advantage of their broke economy and tied them to the dollar, so yeah, they're screwed), Asia's has far stronger future markets than the US right now. Japan may be the exception, but if they ever decide to tell us to F-off, they would probably turn into the new "center" for economics in a suprisingly short time. Again, I'm not saying your wrong (nobody is right or wrong at this point because nobody knows what's going to happen), only that all my study in economics points in the opposite direction. Everything we are doing to "right the ship" right now is pushing us further and further into the hole. They MAY be able to create one more short term "bubble", but I think that's about it. Hopefully I'm wrong. EDIT: BTW, central banking is one of the first things we did to set ourselves down the path to corruption. It gets rid of all the checks and balances on the banking industry. Without it, Fannie/Freddie/AIG/Wychovia, etc wouldn't have been able to happen. They would have been ousted by competing banks long before they were able to go so far under.

How's that going to work?

Give me a break. This has nothing to do with politics. This is American Economy, plain and simple. The decisions that have brought us here have been being made for decades, and no sitting president or majority congress had done anything but make things worse. The problem with bringing politics into this is that people keep looking to blame someone. It's the republicans fault? We'll vote them out, and everything will be better. Same argument for democrats. It's all bull. Nothing but a complete overhaul of our economic system, starting with the Federal Reserve and Bernanke himself, will do anything to get us out of the hole we are currently falling down.