Magox Posted April 19, 2010 Posted April 19, 2010 "You know what, America? We just need to pass our agenda to see what's in it, okay?" I loved this story today. The only thing more frightening than the level of incompetence in DC is the simple fact that we, the people, put this level of incompetence in place. Yup, I read that earlier today. Idiots
Dante Posted April 19, 2010 Posted April 19, 2010 Ron Paul wants the Fed Reserve to be accountable and transparent. I guess thats a notion that would only seem important to conspiracy kooks.
Magox Posted April 19, 2010 Posted April 19, 2010 Ron Paul wants the Fed Reserve to be accountable and transparent. Ya, if only that were true. http://www.house.gov/paul/congrec/congrec2002/cr091002b.htm Congressman Ron PaulU.S. House of Representatives September 10, 2002 ABOLISH THE FEDERAL RESERVE Mr. Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed and restoring the gold standard, into the record.
Dante Posted April 19, 2010 Posted April 19, 2010 Ya, if only that were true. http://www.house.gov/paul/congrec/congrec2002/cr091002b.htm Ok I'll bite. So what? Do we need the Federal Reserve? From my understanding its not even an official government agency. Kind of a murky 50/50 deal headed by the major banks and the government.
DC Tom Posted April 19, 2010 Posted April 19, 2010 No, the people from the other thread who pay ZERO income tax. Why wouldn't you trust the government if you're leeching off its entitlement programs? And - according to you - who leeches off the government entitlement programs? Blacks.
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 And - according to you - who leeches off the government entitlement programs? Blacks. But not because they're black. You even agree that blacks are more likely to benefit from government entitlement programs.
DC Tom Posted April 19, 2010 Posted April 19, 2010 But not because they're black. You even agree that blacks are more likely to benefit from government entitlement programs. I agree that the poor are more likely to benefit from government entitlement programs. And I think the only reason skin color at ALL enters into it is because of racist ****heads like you.
Magox Posted April 19, 2010 Posted April 19, 2010 Ok I'll bite. So what? Do we need the Federal Reserve? From my understanding its not even an official government agency. Kind of a murky 50/50 deal headed by the major banks and the government. Well for starters, returning back to the gold standard simply put is impractical. A gold standard would undoubtedly lead to deflation whenever an economy which uses the gold standard grows faster than the supply of gold. It's just basic math. Think about it, monetary policy would be largely determined on the amount of gold we mine. Does that make sense to you? Plus, there are approximately 140,000 tons of gold, which at todays value represents roughly $5 Trillion. The M2 Value in the US alone is close to $9 Trillion. This would lead to some serious imbalances. And contrary to popular conservative belief, there are benefits to increasing the supply of money, if used properly. If we were to go back to the gold standard, this would be eliminated as a possible solution, which would seriously suck. You could make a reasonable argument that by being on the Gold Standard we were not able to successfully avert the Great Depression. It handcuffed our ability to expand credit during a time of strong deflationary forces. It's just not a plausible solution.
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 I agree that the poor are more likely to benefit from government entitlement programs. And I think the only reason skin color at ALL enters into it is because of racist ****heads like you. So now I bear some sort of responsibility for blacks being poor? I didn't know I was so powerful.
DC Tom Posted April 19, 2010 Posted April 19, 2010 So now I bear some sort of responsibility for blacks being poor? I didn't know I was so powerful. Racism does. You're racist. QED.
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 Racism does. You're racist. QED. If it makes you feel good to keep repeating that Im racist then have at it. But I know Im not and racist and everyone else here can see that too.
DC Tom Posted April 19, 2010 Posted April 19, 2010 If it makes you feel good to keep repeating that Im racist then have at it. But I know Im not and racist and everyone else here can see that too. Oh, I'm pretty sure everyone else thinks you're a racist too...
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 Oh, I'm pretty sure everyone else thinks you're a racist too... Just you and your peanut gallery.
DC Tom Posted April 19, 2010 Posted April 19, 2010 Just you and your peanut gallery. Let's make it easy on you, then: how many people here don't think you're racist? That shouldn't be too tough. Don't even need all the fingers on one hand, I'm sure.
3rdnlng Posted April 19, 2010 Posted April 19, 2010 Oh, I'm pretty sure everyone else thinks you're a racist too... Oh, I can say I at first gave him the benefit of the doubt, but after John Adams threatened to take me to the woodshed, I paid a little more attention and am now convinced.
LeviF Posted April 19, 2010 Posted April 19, 2010 Oh, I'm pretty sure everyone else thinks you're a racist too... *Raises hand*
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 Let's make it easy on you, then: how many people here don't think you're racist? That shouldn't be too tough. Don't even need all the fingers on one hand, I'm sure. Look at the thread views. There's a lot of people who read this forum but don't post. Then there's the posters who are trying to ride your and John Adams coattails. Whats important is that I know Im not racists and everyone who knows me knows that im not racist.
DC Tom Posted April 19, 2010 Posted April 19, 2010 Look at the thread views. There's a lot of people who read this forum but don't post. Then there's the posters who are trying to ride your and John Adams coattails. Whats important is that I know Im not racists and everyone who knows me knows that im not racist. The thread views???? I just laughed out loud. Seriously. You're not just a racist...you're a racist idiot. I would assume that everyone who knows you, then, doesn't know you post here. Otherwise, they'd know you're a racist ****.
WisconsinBillzFan Posted April 19, 2010 Posted April 19, 2010 The thread views???? I just laughed out loud. Seriously. You're not just a racist...you're a racist idiot. I would assume that everyone who knows you, then, doesn't know you post here. Otherwise, they'd know you're a racist ****. This thread has over 1000 views but has maybe only 10 different posters posting in it. You dont think theres many more poster reading this than you expect?
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