I had a really awesome 10 page response typed out and it really put you in your place, I also totally caught the meaning of life. However, my RIU timed out and I don't really have the time to retype it. Suffice to say though I won the debate. You'll have to take my word on it. I am not just saying that because I don't have a comeback.
Vote for Ron Paul-----Great idea
- Thread starter chillwills
- Start date
The Fed sucks and they are debasing the currency, the price of gold is the most stable asset in the whole world, it NEVER loses its purchasing power, all currencies revolve around the price of gold. Gold is the ultimate extinguisher of debt, that is why the central banks carry 1/3 of all that has ever been mined.
"Gold is money and nothing else". Research who I quoted there.
PeachOibleBoiblePeach#1
Well-Known Member
He was on the "Veiw " Today,,,,Giving away his book....Sad but true....
Where can I get one? Or did he just give away copies to the audience and host?
How is it sad to give away a book?
chillwills
Well-Known Member
You watch the view? LOL
Everyone who comes on a talk shows to promote a book will give every member of the audience a free copy. But You already know that.
Just wanted to twist the truth a little?
Dan Kone
Well-Known Member
Read the parts where he talks about his advocacy for complete financial deregulation. He skips the part where the Enron's, Madoff's, and Goldman Sachs of the world rob us blind, the result being all our wealth is redistributed to the top 1%.
Paul is a hack. A very convincing one on certain subjects, but he's still a hack. Everything he says sounds great but none of it holds up to even the most basic scrutiny. He's 100% fortune cookie wisdom. He's been surrounded by people who agree with him for so long that he doesn't consider the negative consequences of what he's proposing because there is no one around him to ask the hard questions.
Ever see Ron Paul answer a question about the negative effects of his economic plans? I've never heard him give an answer beyond "the free market will sort itself out". He will never elaborate on how, because that how includes turning America into a third world country sweatshops and all.
GS, JPMorgan,BoA,Exxon, BP and others are all ripping you off even with regulations, the TBTF banks can do whatever they want, they only have to pay token tributes to the government coffers.
Ron Paul is a Constitutionalist. You know, The Constitution of the United States? The formula that took a new nation and made it the greatest power in the entire world in less than 150 years. Every time they twist its meaning , you are getting screwed. It may not be obvious, but nonetheless, you are. That's why they wrote the Constitution in the first place, they knew all those dirty tricks the Monarchy had used to abuse their station.
He advocates free markets, not fraud. You think deregulation is what caused this whole mess? That all those derivatives went bad because there wasn't anyone in government slapping the wrists of hedge fund managers? Holy shit dude, TBTF banks have OPENLY perpetrated the greatest fraud of all time upon the American people and now continue to make huge profits on the backs of the people and they are only fined less than .1% of what they fraudulently took? And they don't have to admit any guilt? What do they do with the bailout money we gave them for less than .25% interest? They lend it back to us at 4%. What a fucking scam people. Ron Paul saw these things coming and he warned us all, but most of us didn't listen, most of us still don't listen and until the walls come crashing down on us to seal our doom we won't realize what has happened. People were duped into buying these derivatives because the bought off ratings agencies gave them the highest rating, The banks knew the contracts were going to go belly up and made huge bets called "Shorts" that they would decrease in value all the while touting the contracts as good as gold and unfallable to their clients who made massive bets themselves, but on the wrong side. People were screaming it was going to burst, did the MSM listen, no. They laughed, snickered, and made ridiculous comments about these so called doom and gloomers.. But why did this happen in the first place? LOW INTEREST RATES!!!! The Banks did this to spur the real estate market to make the dot com bust less painful, kicking the can down the road, blowing a new bigger bubble. People who could not possibly afford a home were enticed by teaser rates with the promise that they could remortgage the house and rollover the debt into new loans because the homes were appreciating so quickly. That was the hopes that people had, that they could live above their means and actually be able to pull it off and make others envious of them. Too bad by the time those teaser rates expired their home was DECLINING in value due to all the unemployment that was happening due to the offshoring of US Jobs caused by the devaluing of the dollar caused by all the damn money printing by the Fed.
Ever seen any politician discuss the negative aspects of their plans? Shoot themselves in the foot? No thanks.
There are negative affects to any plan of action of course. The piper must be paid, change always begets chaos and hurt, but in the end the original formula can work if it were adhered to and not forgotten, twisted, marginalized as old and outdated. Ron Paul is about Liberty, about having your own life be yours. Free markets aren't free unless the people participating in them are also. He certainly isn't a hack when it comes to economics and government finance, he sounds convincing because he genuinly knows his shit. Ever see him grill the Fed reserve presidents? He knows more than they do, its plainly obvious. I will bet he knows a thing or two about saving lives and delivering babies too. I always wonder how many long term congresspeople came from backgrounds other than government service?
chillwills
Well-Known Member
Ron Paul to announce the start of an exploratory committee tomorrow in Iowa. Then depending on the response, He will (or will not) announce a run for presidency.
[video=youtube;txPB980tBws]http://www.youtube.com/watch?v=txPB980tBws&feature=player_embedded#at=326[/video]
*no, i don't watch FOX lol*
[video=youtube;txPB980tBws]http://www.youtube.com/watch?v=txPB980tBws&feature=player_embedded#at=326[/video]
*no, i don't watch FOX lol*
Dan Kone
Well-Known Member
Huge problem, I agree. But the solution is most definitely not to make it worse. Let's not put out our fires with gasoline. It's just a bad idea.
Which is great, but that doesn't excuse an economic plan that would legalize sweatshops.
You talk about how bad the monarchy was but if Ron Paul became president we would be living in a state of corporate feudalism. I'll pass.
Free markets = fraud. You can't let big business make all their own rules and expect the American people to be protected. Free markets provide the freedom to rip off the people.
I don't think that, I know that. None of this could have ever happened before we started deregulating financial markets.
Ron Paul advocates the things that caused the problem in the first place. That's nice that after the fact he may have claimed to see it all along, but he supports the laws that allowed them to happen.
That sounds neat and all, but what really happened is the SEC lost the jurisdiction to monitor and regulate these derivatives due to the commodity futures modernization act.
We deregulated the market so people could give them an AAA rating and there was no one to call them on their bullshit. And you think more deregulation fixes that problem? lol?
mame
Well-Known Member
NoDrama, just so you know Greenspan vehemently opposed regulations to derivatives in congressional hearings held throughout his time as fed chairman. Warren Buffet(and others, like Brooksley Born) has testified with the exact opposite stance, saying derivatives are useful but cautioned the extreme danger of an unregulated derivative market and advocated regulation.
Now we all should be aware that there is a massive derivative market,
Why would we not want to regulate a market this big? Seems pretty dangerous and outright irresponsible to me.
Now, Republicans blame Fannie Mae and Freddie Mac for the subprime loans that in large part caused the housing bubble from 01-07 but in reality 84% of all subprime loans went through private institutions. So what was it? Maybe we are getting ripped off like you say, despite regulations, because these regulations aren't strong enough?
My point? Regulation wasn't to blame and might have averted crises if there was any sort of real, honest regulation in place.
Exactly, Greenspan and friends got that through as soon as Born was out.
JP Morgan? My search turns up this quote from 1913. He said it to congress. It's pretty much true as gold prices generally trend with inflation at the minimum, making it more a shelter for your money from inflation than anything else - which essentially makes it money and not a commodity because the price is always in an upwards trend overall(unlike gas for example, which is volatile as hell).
But I must be missing your point here; You wouldn't post the quote for no reason at all.
londonfog
Well-Known Member
Have no idea who you quoted but I could not disagree more... gold is a good electrical conductor..also used in cockpit windshield to defect solar rays. Gold also isn't affected by magnetic field so it works well in aerospace. Gold-coated mirrors are used by military aircraft to confuse heat-seeking missiles...also gold is biologically inactive, a vital tool for medical research..helps with arthritis and other intractable diseases..I could go on and on but the list is to long, but here is a quick list of the properties of gold..and ask yourself what could you use it for????
1.Resistance to corrosion
2. Electrical conductivity
3. Ductility and malleability
4. Infrared (heat) reflectivity
5.Thermal conductivity
gotta love science and math..phuck spelling..lol
tencharacters
beardo
Well-Known Member
Rep to anyone who knows how I can do this.
Your a fucking idiot, there is a metal that costs 1/40th the price of gold and is better at everyone of those 5 points you made except corrosion. less than 12% of gold mined is used as anything but money or jewelry my half witted friend.
Gotta love facts and proof instead of talking out of your ass to get proved wrong a hundred times a day.
Silver is the BEST in the universe at:
Conductor of electricity
Conductor of heat
Reflector of light(infrared)
also:
Highly ductable and malleable like gold
Does not corrode, but will tarnish in the presence of sulfur.
Silver costs $46 an ounce, gold costs $1500, any idiot, except you, could figure out which one is more economical to use.
Now if MAME could just figure out that quote.
mame
Well-Known Member
I've been reading this report for like 20 minutes now. It's 100something pages long so I wont be finishing it in one sitting.
I have pounds of silver. Bought for something like 5 dollars an ounce. Silver has went way up in the last few months, and it is probably going to hit 150 an ounce in the next year or two. Maybe even 200. Not as much because silver is worth more, but because our money is worth less. Though, admittedly part of it is because of industrial uses. Either way it means the same to me. Everything I own that is financed is financed with dollars, so if the dollar is worthless I won't owe as much. This happened after WW1 in Germany as their government printed more and more money to pay for things and caused a massive devaluation of their currency. The goal is to have enough silver and other durable goods to live through the years of depression that are surely coming as our financial markets collapse. If it doesn't collapse, my five hundred dollar investment will never really go down in value.Your a fucking idiot, there is a metal that costs 1/40th the price of gold and is better at everyone of those 5 points you made except corrosion. less than 12% of gold mined is used as anything but money or jewelry my half witted friend.
Gotta love facts and proof instead of talking out of your ass to get proved wrong a hundred times a day.
Silver is the BEST in the universe at:
Conductor of electricity
Conductor of heat
Reflector of light(infrared)
also:
Highly ductable and malleable like gold
Does not corrode, but will tarnish in the presence of sulfur.
Silver costs $46 an ounce, gold costs $1500, any idiot, except you, could figure out which one is more economical to use.
Now if MAME could just figure out that quote.
UncleBuck
Well-Known Member
i grow a product that fetches more per ounce than silver, and i have an unlimited supply of it.
i really hope all this hyperinflation and devaluation of currency happens sooner rather than later, as i am short on cash and high on debt.