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V takes on fear of death

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General interest discussions, not necessarily related to depletion.

Re: V takes on fear of death

Unread postby Angry_Chimp » Fri 14 Mar 2008, 23:49:53

"Why were there no riots in 1994, when the country was practially ripe, but simply a large win for the Repubilicans at the polls? The people have a vote and the only way to influence anything is through division. Only a fool would try to overturn a landslide vote."

“Nations have no permanent friends or allies, they only have permanent interests.”
Lord Palmerston

I'm sure there is no homogenous ruling class. Different families or groups [like the mafia] all vie for power to get "their man" into the seat. But don't let the left right paradigm fool you. While the ruling families may vie for the power of owning the sitting president, they do have permanent interests. In reality whoever gets in is bought a thousand times over to make sure that the ruling class keeps ruling. One of Clinton’s mentors Carroll Quigley [Ph.D. G. U. Professor of History Georgetown University] wrote a book called “Tragedy and Hope”: {the ruling class is the hope the mass is the tragedy}


“The National parties and their presidential candidates, with the Eastern Establishment assiduously fostering the process behind the scenes, moved closer together and nearly met in the center with almost identical candidates and platforms, although the process was concealed as much as possible, by the revival of obsolescent or meaningless war cries and slogans (often going back to the Civil War). … The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election without leading to any profound or extreme shifts in policy. … Either party in office becomes in time corrupt, tired, unenterprising, and vigorless. Then it should be possible to replace it, every four years if necessary, by the other party, which will be none of these things but will still pursue, with new vigor, approximately the same basic policies.”
~Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (New York: Macmillan, 1966), pp. 1247-1248.]

He also commented on the central banks that had gained control around the world:

"[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country, and the economy of the world as a whole. This system was to be controlled in a feudalist fashion, by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences.
The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves, private corporations. The growth of financial capitalism made possible a centralization of world economic control, and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."
~Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (New York: Macmillan, 1966) p.324

==AC
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Re: V takes on fear of death

Unread postby TWilliam » Sat 15 Mar 2008, 03:12:15

$this->bbcode_second_pass_quote('mos6507', 'W')ere you cheering on 911 like the Palestinians did?


I was neither cheering nor cursing. You seem to have completely missed my point. I was simply indicating the irony that we seem to love the lone-wolf anti-hero in film, the one who bucks The System, yet when people actually attempt to buck The System in real life, or even better actually try to fight back, they're labeled 'terrorist' and denounced as criminals.

$this->bbcode_second_pass_quote('Angry_Chimp', '"')[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country, and the economy of the world as a whole. This system was to be controlled in a feudalist fashion, by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences.
The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves, private corporations. The growth of financial capitalism made possible a centralization of world economic control, and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."
~Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (New York: Macmillan, 1966) p.324


John Perkins confirms the truth of this passage in his Confessions of an Economic Hit Man:

"That is what we EHMs [Economic Hit Men] do best: we build a global empire. We are an elite group of men and women who utilize international financial organizations to foment conditions that make other nations subservient to the corporatocracy running our biggest corporations, our government, and our banks. Like our counterparts in the Mafia, EHMs provide favors. These take the form of loans to develop infrastructure —electric generating plants, highways, ports, airports, or industrial parks. A condition of such loans is that engineering and construction companies from our own country must build all these projects. In essence, most of the money never leaves the United States; it is simply transferred from banking offices in Washington to engineering offices in New York, Houston, or San Francisco.

Despite the fact that the money is returned almost immediately to corporations that are members of the corporatocracy (the creditor), the recipient country is required to pay it all back, principal plus interest. If an EHM is completely successful, the loans are so large that the debtor is forced to default on its payments after a few years. When this happens, then like the Mafia we demand our pound of flesh. This often includes one or more of the following: control over United Nations votes, the installation of military bases, or access to precious resources such as oil or the Panama Canal. Of course, the debtor still owes us the money—and another country is added to our global empire."

...

"The subtlety of this modern empire building puts the Roman centurions, the Spanish conquistadors, and the eighteenth- and nineteenth-century European colonial powers to shame. We EHMs are crafty; we learned from history. Today we do not carry swords. We do not wear armor or clothes that set us apart. In countries like Ecuador, Nigeria, and Indonesia, we dress like local schoolteachers and shop owners. In Washington and Paris, we look like government bureaucrats and bankers. We appear humble, normal. We visit project sites and stroll through impoverished villages. We profess altruism, talk with local papers about the wonderful humanitarian things we are doing. We cover the conference tables of government committees with our spreadsheets and financial projections, and we lecture at the Harvard Business School about the miracles of macroeconomics. We are on the record, in the open. Or so we portray ourselves and so are we accepted. It is how the system works. We seldom resort to anything illegal because the system itself is built on subterfuge, and the system is by definition legitimate.

However—and this is a very large caveat—if we fail, an even more sinister breed steps in, ones we EHMs refer to as the jackals, men who trace their heritage directly to those earlier empires. The jackals are always there, lurking in the shadows. When they emerge, heads of state are overthrown or die in violent “accidents.” And if by chance the jackals fail, as they failed in Afghanistan and Iraq, then the old models resurface. When the jackals fail, young Americans are sent in to kill and to die." ~ from the introduction


If you haven't read John's book I highly recommend it. You will gain a clear understanding of how events such as 9/11 and the current unrest in various Central and South American (and Middle Eastern) countries is a direct result of U.S. foreign policies that have been in place for decades.
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: V takes on fear of death

Unread postby jboogy » Sat 15 Mar 2008, 03:12:40

jlw61 wrote
$this->bbcode_second_pass_quote('', 'T')he "...promote the general welfare..." interpretation was one time I wished Hamilton would have kept his trap securely shut.
Well, I guess you can wish all you want, doesn't erase the words.
and
$this->bbcode_second_pass_quote('', 'I') would strongly argue that this does not mean provide for a welfare state.
Just because you "strongly" argue it, doesn't mean you will be transported back in time to the writing of the document in order to argue the point.
I'm going to have to side with the founders words over yours in this instance, no offense.
and
$this->bbcode_second_pass_quote('', 'T')hey didn't have our concept of welfare back then!
True! But there were mechanisms in place to take care of the elderly,indigent and infirm. I don't want to live in a society that forces the sick, and insane, and elderly, and the stupid teenage single moms, to live in the alleys, eating out of trashcans, so my tax dollars can instead go to fattening defense corporations bottom lines. I'd rather crazy old mumbley Joe had a warm meal and a bed, instead of Mr. Stockholder seeing his Boeing stock go up a buck so his Lazy son can get the Beemer instead of the Mustang.
The breakdown in caring for those less able to fend for themselves is a bellweather of a society in terminal decline.
Maybe you derive some sense of satisfaction in seeing the poor, shuffling about Downtown, picking up cigarette butts and begging for change, or maybe you just don't care, I don't know.
I argue the defense industry is socialism, or even communism, but the recipients aren't the poor, they're the rich. Tax dollars being used to support something that couldn't survive without them.
and
$this->bbcode_second_pass_quote('', ' ')The seeming unlimited growth of the "war on poverty" and the abject failure of same is proof that government does not belong in the "welfare" business.
Give me more than opinion, studies?, numbers to support your assertion? It wasn't and isn't perfect, but at least it's something. What do you propose, no spending on social programs? This would not represent the ideals this country was founded on, and you know it. Who decides who gets the government checks? Do vets get health care after they return with prosthetics? Yes? How about the common-law wife of a KIA soldier that has a son with cerebral palsy? Does Bush get S.S. protection to the tune of $200,000 a year after he leaves office? Sure. How about the battered wife getting some protection from a psychopathic ex? Well.....
and
$this->bbcode_second_pass_quote('', 'I') am also saying that uncontrolled and improper spending is the problem.
Here is where we agree on the words, but disagree on the substance. You believe the poor getting a government check is wrong, I believe the rich getting a government check is wrong.
and
$this->bbcode_second_pass_quote('', 'T')hus I am happy to be taxed (through one form or another) for authorized spending
But welfare checks and food stamps are authorized. Unlike some "blackbag" intelligence programs that nobody except Cheney and Gates knows about.
and
$this->bbcode_second_pass_quote('', 'b')ut am not at all happy with government simply spending it on every whim they desire or wasting the money they collect. translation; I don't like spending on welfare but unneeded and lethal weapons systems are OKAY!

Your essays were outstanding Angry-chimp
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave
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Re: V takes on fear of death

Unread postby mos6507 » Sat 15 Mar 2008, 03:29:54

$this->bbcode_second_pass_quote('Angry_Chimp', '')$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Angry_Chimp', '
')I smell what you are cooking but the basic idea here is that the "government" is long gone.


We've heard it all before.


So why are you here?


I see, so the charter of PeakOil.com is for people to circle-jerk eachother over conspiracy theories.
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Re: V takes on fear of death

Unread postby jboogy » Sat 15 Mar 2008, 03:45:51

Mosnumb, aren't you a little out of your depth in this thread? No offense, but wouldn't you be more comfortable at the Entertainment weekly blog? I think they're running a series on panty-less Brittany photos. Now run along before you get too confused and end up hurting yourself. That's a good boy.
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave
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Re: V takes on fear of death

Unread postby Angry_Chimp » Sat 15 Mar 2008, 08:00:43

$this->bbcode_second_pass_quote('', 'I')f you haven't read John's book I highly recommend it. You will gain a clear understanding of how events such as 9/11 and the current unrest in various Central and South American (and Middle Eastern) countries is a direct result of U.S. foreign policies that have been in place for decades.


Yes I read it and agree that it was a great book. Gore Vidal argues those policies began in earnest with the signing of NSC 68.

==AC

"Roosevelt made all the arrangements necessary after WWII for us to wrest control of the colonies of the French, Dutch and Portuguese. The Americans still don’t know about this era. All they know about Truman is that he was a small good-natured man, that he played the piano. But he didn’t know anything about anything. Behind him was a Prince Metternich known as Dean Acheson, the Secretary of State and an international lawyer who knew about everything. It was he who designed the militaristic state that has risen since 1949 along with Harry Truman and the Central Intelligence Agency. Everything rotated around a document, Memorandum #68 of 1950 of the National Security Council that was kept secret until 1975, which stated that we would be permanently at war against anyone who opposed us. We were going to fight communism wherever it might be on earth even if it did not threaten us. It established a de-facto Holy War like the one we have now against terrorism and Islam, just as stupid and irrelevant."
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Re: V takes on fear of death

Unread postby Angry_Chimp » Sat 15 Mar 2008, 08:16:31

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Angry_Chimp', '')$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Angry_Chimp', '
')I smell what you are cooking but the basic idea here is that the "government" is long gone.


We've heard it all before.


So why are you here?


I see, so the charter of PeakOil.com is for people to circle-jerk eachother over conspiracy theories.




You have a point here. Most likely this group was established for people to circle-jerk each other over energy discussions. I figure there has been several hundred gallons of jism expelled here over energy discussions and a few loads debunking conventional wisdom would be nice. Maybe that’s why they created an “open Discussion” room, what do you think? Keep jerking’em mos you’re one of the best milkers here.

“The exact contrary of what is generally believed is often the truth.”
~Jean de la Bruyere
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Re: V takes on fear of death

Unread postby jlw61 » Sun 16 Mar 2008, 12:34:16

Chimp, I really thought we were going to have a good debate but I simply can not have a discussion with someone who has so many things out of line. To my shame I am not a patient teacher and I really don't have the time.

However, I do have a few minutes so...

A money that is made out of metal, whether base or precious, has many advantages but some striking disadvantages. The main two disadvantages come when the value of the coin is less than the value of the metal it is stamped on. At that point it simply disappears from circulation faster than it can be coined. The second main disadvantage is there is only so much metal available for coinage and the current world economy far outstrips the value of the metals available for use (unless you don't mind carrying large chunks of iron).

A money that is backed by metal has two main disadvantages. First, it has a problem similar to the metal money where lack of available metal to back the money is needed for the economy. The second main disadvantage is that at some point you have to be able to exchange the money for the metal otherwise your paper money is a sham and worthless. If you do allow it to be exchanged, you simply then have a piece of paper and no metal to back it.

The fiat money system has only one major disadvantage and that is where the money becomes worthless simply because people quit believing in its value. This can happen in many ways. The two that I think are currently being played out is a mounting national debt and the idea that we can just print more money.

By the way, the national debt is created by selling Treasury Bills, Bonds and Notes. That is a piece of paper that says that after a certain period of time you get this much money from the government in exchange for the money you are paying for its purchase. Sort of the "I'll gladly pay you Tuesday for a hamburger today" thing, only not as funny.


$this->bbcode_second_pass_quote('', 'Y')ou realize all the money in circulation is debt?


Please be careful with the word "all". Further, please don't get caught up in the commonalities of "printed money", "electronic money" and "how banks create money through debt". This is a multi threaded topic where each is related to the other. The dollar that I hold in my hand is not "debt" if it can be used to pay off a debt. If I hold it in my hand, and it has preceived value based only on the belief that it has value, then it is fiat money and there is no actual debt involved. You do not have to create debt to create a dollar, but you can create a lot of dollars quickly via the selling of debt. This is how a bank creates money and IMHO should be classified more on the line of legalized counterfeiting.

$this->bbcode_second_pass_quote('', 'I')f the national debt were to be paid down it would contract the money supply.


Contraction of a fiat money supply tends to create a more valued money. As long as the debt were payed off over a reasonable amount of time the dollar would not increase too greatly and it would not burden the US or World economy greatly (a rapid pay off of would burden one or both).


$this->bbcode_second_pass_quote('', 'Y')ou talk about cutting taxes but I ask you why do they need to tax at all? What is the purpose of taxation in a purely fiat system? Our dollar is not fixed to any real commodity so they could just print the money they need to operate the government.


Fiat money is based on belief, period. If enough people believe that the money is worthless, it is worthless. Printing money without care will destroy a money's value (Look up history of money during the Jimmy Carter presidency and look through current periodicals for references).

Financing all government operations via the printing of more money would cause inflation of the money supply and devalue the money. Only if government spending were a scant few percent of the economy would such a system have a chance at working, and I'm not sure even that would play out well.

$this->bbcode_second_pass_quote('', 'N')ot only does taxation supports the currency due to the need to obtain the currency in order to pay the tax, it also supports it by creating an overall belief that the currency actually has some sort of "value".


This simplistic view is part of why I'm trying to help you. It's not this simple. The money system was created and supported over a two hundred plus year history. When it became a fiat money system, it was not simply because of taxation that there was value. If that were true, then nobody outside of the US would care about it. The whole world (for the most part) accepts the value of the American dollar and its fluctuations. George Bush and crew have done their very best to make sure it's worth a whole lot less.

One conspiracy theory I enjoyed recently was that "The Rich and Powerful" knew this was going to be orchestrated and move a lot of their money into foreign currencies. Now they are buying dollars left and right because once the new president comes in, the problems will begin to be "solved" and they will have doubled or even tripled their holdings in a few years.

Personally I think they're all a bunch of idiots.


$this->bbcode_second_pass_quote('', 'Y')ou say we need not worry about tax cuts because tax cuts don’t spend money. We need to address the fact that we spend so much. I say you don’t understand the Federal Reserve System and the fiat money that it produces. It is dependent on spending, PERIOD. If the national debt was to be paid off there would be no money in circulation.


If the debt were paid off there would be no money in circulation???

Nah, forget it, I don't have that much time or patience. Please read more on the national debt and spend some time with a calculator.


PS I found your earlier posts worthwhile which is why I am attempting this respectful gesture of setting the record straight. I would respond to JBoogy's posts, but I can't do that without insults (which in his case are very well deserved).
When somebody makes a statement you don't understand, don't tell him he's crazy. Ask him what he means. -- Otto Harkaman, Space Viking
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Re: V takes on fear of death

Unread postby Angry_Chimp » Sun 16 Mar 2008, 13:21:22

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('jlw61', '<')/div>
If the debt were paid off there would be no money in circulation???

Nah, forget it, I don't have that much time or patience. Please read more on the national debt and spend some time with a calculator.




Thanks for the advice.

==AC

From "THE CREATURE FROM JEKYLL ISLAND" By Edward Griffin:


In a booklet entitled Modern Money Mechanics, the Federal Reserve Bank of Chicago says:

In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount.

What, then, makes these instruments -- checks, paper money, and coins -- acceptable at face value in payment of all debts and for other monetary uses? Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and real goods and services whenever they choose to do so. This partly is a matter of law; currency has been designated "legal tender" by the government -- that is, it must be accepted.

In the fine print of a footnote in a bulletin of the Federal Reserve Bank of St. Louis, we find this surprisingly candid explanation:

Modern monetary systems have a fiat base -- literally money by decree -- with depository institutions, acting as fiduciaries, creating obligations against themselves with the fiat base acting in part as reserves. The decree appears on the currency notes: "This note is legal tender for all debts, public and private."

While no individual could refuse to accept such money for debt repayment, exchange contracts could easily be composed to thwart its use in everyday commerce. However, a forceful explanation as to why money is accepted is that the federal government requires it as payment for tax liabilities. Anticipation of the need to clear this debt creates a demand for the pure fiat dollars.

Money would vanish without debt.

It is difficult for Americans to come to grips with the fact that their total money-supply is backed by nothing but debt, and it is even more mind boggling to visualize that, if everyone paid back all that was borrowed, there would be no money left in existence.

That's right, there would not be one penny in circulation -- all coins and all paper currency would be returned to bank vaults -- and there would be not one dollar in any one's checking account. In short, all money would disappear.

Marriner Eccles was the Governor of the Federal Reserve System in 1941. On September 30 of that year, Eccles was asked to give testimony before the House Committee on Banking and Currency. The purpose of the hearing was to obtain information regarding the role of the Federal Reserve in creating conditions that led to the depression of the 1930s.

Congressman Wright Patman, who was Chairman of that committee, asked how the Fed got the money to purchase two billion dollars worth of government bonds in 1933.

This is the exchange that followed.

Eccles: We created it.
Patman: Out of what?
Eccles: Out of the right to issue credit money.
Patman: And there is nothing behind it, is there, except our government's credit?
Eccles: That is what our money system is. If there were no debts in our money system, there wouldn't be any money.

It must be realized that, while money may represent an asset to selected individuals, when it is considered as an aggregate of the total money supply, it is not an asset at all. A man who borrows $1,000 may think that he has increased his financial position by that amount but he has not. His $1,000 cash asset is offset by his $1,000 loan liability, and his net position is zero. Bank accounts are exactly the same on a larger scale. Add up all the bank accounts in the nation, and it would be easy to assume that all that money represents a gigantic pool of assets which support the economy. Yet, every bit of this money is owed by someone. Some will owe nothing. Others will owe many times what they possess. All added together, the national balance is zero. What we think is money is but a grand illusion. The reality is debt.

Robert Hemphill was the Credit Manager of the Federal Reserve Bank in Atlanta. In the foreword to a book by Irving Fisher, entitled 100% Money, Hemphill said this:

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible -- but there it is.


With the knowledge that money in America is based on debt, it should not come as a surprise to learn that the Federal Reserve System is not the least interested in seeing a reduction in debt in this country, regardless of public utterances to the contrary.

Here is the bottom line from the System's own publications. The Federal Reserve Bank of Philadelphia says:

"A large and growing number of analysts, on the other hand, now regard the national debt as something useful, if not an actual blessing . . . [They believe] the national debt need not be reduced at all."

The Federal Reserve Bank of Chicago adds:

"Debt -- public and private -- is here to stay. It plays an essential role in economic processes . . . What is required is not the abolition of debt, but its prudent use and intelligent management."
“A utilitarian civilization will always go on to its logical conclusion – forced labor camps.”
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Re: V takes on fear of death

Unread postby jboogy » Sun 16 Mar 2008, 13:25:00

jlw61 whined
$this->bbcode_second_pass_quote('', 'I') would respond to JBoogy's posts, but I can't do that without insults (which in his case are very well deserved).


why? because I destroyed your lame-ass arguments and you know it? These facts apparently frighten you beyond reason, to the point of running away scared, with an undeserved insult thrown back over your shoulder as you scamper away, little pusscakes can't take being beat. And now everyone knows it.
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave
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Re: V takes on fear of death

Unread postby TWilliam » Sun 16 Mar 2008, 14:45:00

$this->bbcode_second_pass_quote('jlw61', 'B')y the way, the national debt is created by selling Treasury Bills, Bonds and Notes. That is a piece of paper that says that after a certain period of time you get this much money from the government in exchange for the money you are paying for its purchase. Sort of the "I'll gladly pay you Tuesday for a hamburger today" thing, only not as funny.


In other words, Bills, Bonds and Notes are representations of debt, yes?

$this->bbcode_second_pass_quote('', 'T')he dollar that I hold in my hand is not "debt" if it can be used to pay off a debt.


Please observe the phrase emblazoned across the top of every single piece of U.S. fiat currency in circulation:

Federal Reserve Note.

These notes represent a debt owed by the U.S. Treasury (you and me if we're U.S. taxpayers) to the Federal Reserve (a quasi-public bank). So yes, that dollar most certainly is "debt". The Gov is legally empowered to take possession of anything you have "purchased" with fiat currency (including the 'implied' currency of an electronic transaction), because what you've actually done is exchanged Treasury debt for those goods, effectively collateralizing some of that debt with them on behalf of the Treasury.
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Re: V takes on fear of death

Unread postby Angry_Chimp » Sun 16 Mar 2008, 17:26:20

$this->bbcode_second_pass_quote('', '
')These notes represent a debt owed by the U.S. Treasury (you and me if we're U.S. taxpayers) to the Federal Reserve (a quasi-public bank). So yes, that dollar most certainly is "debt". The Gov is legally empowered to take possession of anything you have "purchased" with fiat currency (including the 'implied' currency of an electronic transaction), because what you've actually done is exchanged Treasury debt for those goods, effectively collateralizing some of that debt with them on behalf of the Treasury.



It would seem that our self proclaimed teacher, jlw61, doesn’t know more than his students.

==AC
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Re: V takes on fear of death

Unread postby Angry_Chimp » Sun 16 Mar 2008, 18:42:18

$this->bbcode_second_pass_quote('', 'P')lease be careful with the word "all". Further, please don't get caught up in the commonalities of "printed money", "electronic money" and "how banks create money through debt". This is a multi threaded topic where each is related to the other. The dollar that I hold in my hand is not "debt" if it can be used to pay off a debt. If I hold it in my hand, and it has preceived value based only on the belief that it has value, then it is fiat money and there is no actual debt involved. You do not have to create debt to create a dollar, but you can create a lot of dollars quickly via the selling of debt.



jlw61 after reading your post again I had a revelation that may interest you, YOU ARE A COMMON FOOL. I thought at first you may have had your ten year old nephew mount the argument in your post just for shits and giggles. But I realize now that it was you, and I can clearly see you actually believe the rubbish you dumped here on this forum. One day reality may sink into that block of bone, skin, and hair sitting atop your shoulders. When that day arrives come back and I would love to discuss this further. Right now I’m sure you are scouring the web in an attempt to grasp knowledge that you do not [and intellectually are unable to] posses so you may mount an attack on my argument in an attempt to resurrect the deflation your ego feels. Don’t bother, your ego has already been crushed and trampled upon by a herd of elephants; there is no coming back to your former status once you proved yourself, in writing, to be a fool.

See ya,

==AC
Last edited by Angry_Chimp on Sun 16 Mar 2008, 21:24:26, edited 1 time in total.
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Re: V takes on fear of death

Unread postby steam_cannon » Sun 16 Mar 2008, 20:06:48

V for Vendetta Speech
http://www.youtube.com/watch?v=chqi8m4CEEY

V for Vendetta - V's introduction to Evey
http://www.youtube.com/watch?v=uW6HbZXI9Y0&NR=1

V for Vendetta - preview
http://www.youtube.com/watch?v=8XKa8VE7ILI

$this->bbcode_second_pass_quote('Ferretlover', '')$this->bbcode_second_pass_quote('steam_cannon', '
')$this->bbcode_second_pass_quote('hubbertspeak7777777', '[')u]In life, only one thing is certain... none of us will get out of here alive!
Yeah, a lot of people try not to think about that, but not us! :lol:


How true! How true! One of the last bastions of people who can still think!

http://peakoil.com/modules.php?name=For ... 174#619174

I think many of the people here are aware they will die someday
and with this understanding, we are not all that afraid of most
things that knowing at some point it all ends anyway. So from that
perspective, I think many of us can empathize with V and Ev
overcoming that ultimate fear, death...
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Re: V takes on fear of death

Unread postby sjn » Mon 17 Mar 2008, 00:42:34

$this->bbcode_second_pass_quote('Angry_Chimp', '')$this->bbcode_second_pass_quote('', 'P')lease be careful with the word "all". Further, please don't get caught up in the commonalities of "printed money", "electronic money" and "how banks create money through debt". This is a multi threaded topic where each is related to the other. The dollar that I hold in my hand is not "debt" if it can be used to pay off a debt. If I hold it in my hand, and it has preceived value based only on the belief that it has value, then it is fiat money and there is no actual debt involved. You do not have to create debt to create a dollar, but you can create a lot of dollars quickly via the selling of debt.



jlw61 after reading your post again I had a revelation that may interest you, YOU ARE A COMMON FOOL. I thought at first you may have had your ten year old nephew mount the argument in your post just for shits and giggles. But I realize now that it was you, and I can clearly see you actually believe the rubbish you dumped here on this forum. One day reality may sink into that block of bone, skin, and hair sitting atop your shoulders. When that day arrives come back and I would love to discuss this further. Right now I’m sure you are scouring the web in an attempt to grasp knowledge that you do not [and intellectually are unable to] posses so you may mount an attack on my argument in an attempt to resurrect the deflation your ego feels. Don’t bother, your ego has already been crushed and trampled upon by a herd of elephants; there is no coming back to your former status once you proved yourself, in writing, to be a fool.

It's a complex subject comprised mostly of mythology. I've been trying to get my head around it all for a while! :roll: The idea that fiat money needs to represent debt is a little tricky to grasp, it's fundamental money by its nature represents an obligation to the bearer, yet a non-fiat currency, say gold (actual gold - certificates are obviously a debt marker!) has intrinsic value (that is, there is a demand for the gold itself outside of its function as currency) and does not itself represent a debt (except for the energy expended to mine and process). So is it possible to issue currency without issueing debt?
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Re: V takes on fear of death

Unread postby steam_cannon » Mon 17 Mar 2008, 09:46:06

$this->bbcode_second_pass_quote('sjn', 'S')o is it possible to issue currency without issuing debt?
Sure as you mentioned a currency can be backed by metals works and
other things like food can work too. But over all it's much easier for
banks to "make money" by keeping something of value in their vault
and handing out 10 times as many slips representing it, even though
they can't back them up.

However it is interesting to muse about other systems. Colonial script
seemed to have it's advantages. And hey, if farms were allowed to act
as banks and issue currency backed by their grain stores, well a
system like that would work too.

I think the real question is, can our banking system survive without a
debt based currency? And I think the answer is no. Anyway, I'm just
musing, there are people who can answer this question better
then I can...


An interesting link:

Money Creation Diagrammed - by mmasters
http://www.peakoil.com/fortopic30856.html
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Re: V takes on fear of death

Unread postby CrudeAwakening » Tue 18 Mar 2008, 04:54:30

$this->bbcode_second_pass_quote('jlw61', 'W')e seem to moving towards a corporate state.

Moving towards? You've been living in one for quite some time now. Wake up and smell the roses...
"Who knows what the Second Law of Thermodynamics will be like in a hundred years?" - Economist speaking during planning for World Population Conference in early 1970s
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Re: V takes on fear of death

Unread postby JFT » Tue 18 Mar 2008, 12:32:44

$this->bbcode_second_pass_quote('CrudeAwakening', '')$this->bbcode_second_pass_quote('jlw61', 'W')e seem to moving towards a corporate state.

Moving towards? You've been living in one for quite some time now. Wake up and smell the roses...


Yeah, fascism dreamed of corporatism and democracy made it come true. Labor unions are completely merged with party politics, which in turn merges with big business in a big corporatist melting pot. Workers and bosses are lumped together as "social partners". In Portugal, unions are not only just plain mindless puppets in the hands the so called "left" parties, as they're actually the direct descendants of the corporatist trade unions created during Salazar's right wing dictatorship.
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