'Free money for everybody continues unabashed'; Fed won't taper quantative easing or how I stop worr - Polidicks

[QUOTE=Doctor Zedacon;42258668]Never doubt Ron Paul.[/QUOTE] Every day I get on my knees to pray to based Ron Paul.

[QUOTE=Tengil;42255421]It is. There is no point in debating with you anyway. But for anyone else reading through this thread. The Federal Reserve is not the only central bank which is owned by this group of people, Even the Bank of England and the ECB are theirs. Almost every nation on this planet are being plunged into never-ending debt. When infinte money hits a very finite world. Shit will hit the fan big time. Nobody will be spared. Not even proud supporters of the jidf or of a certian ideology. Buy gold, or any other valuable commodity in order to secure any wealth that you might have. Get food that lasts for a long time. Because when the delicate system that we live is put to a halt, food will become scarce. During the great depression over 10 million people died of starvation. What the numbers would be in an even greater crisis & with todays high population i do not dare to think about. If you have any doubts surrounding this. Please google around and youtube a bit. Check out the history of banking, it will give you some good clues to what the heck is actually going on.[/QUOTE] kill yourself, it's the only way the Jews can't get you!

[QUOTE=Sobotnik;42258658]I'd prefer to fill my handbag with tinned food. One cannot eat gold.[/QUOTE] well if the fiat currency is failing and whatnot then that would probably mean that currency must be backed by something in order to be valuable.

[QUOTE=fork in brain;42260809]well if the fiat currency is failing and whatnot then that would probably mean that currency must be backed by something in order to be valuable.[/QUOTE] But gold is not inherently valuable. The value of it changes depending on the person. I don't value it very much, and if everybody thought like me, the value of it would plummet.

[QUOTE=Sobotnik;42261989]But gold is not inherently valuable. The value of it changes depending on the person. I don't value it very much, and if everybody thought like me, the value of it would plummet.[/QUOTE] The central bank can respond to changes in gold prices with monetary policy as long as they don't trigger a bankrun. Most people like gold. The swiss franc was the last major currency to be taken off the gold standard because the currency was so valuable that people couldn't buy stuff from switzerland.

[QUOTE=Sobotnik;42261989]But gold is not inherently valuable.[/QUOTE] But what else are we going to make gold-plated HDMI cables from?

[QUOTE=fork in brain;42262540]The central bank can respond to changes in gold prices with monetary policy as long as they don't trigger a bankrun. Most people like gold. The swiss franc was the last major currency to be taken off the gold standard because the currency was so valuable that people couldn't buy stuff from switzerland.[/QUOTE] And what's to stop a government simply coming off the gold standard whenever they felt like it?

[QUOTE=Sobotnik;42262724]And what's to stop a government simply coming off the gold standard whenever they felt like it?[/QUOTE] The same thing that's supposed to stop them from going all retard with a fiat currency.

[QUOTE=Sobotnik;42262724]And what's to stop a government simply coming off the gold standard whenever they felt like it?[/QUOTE] well the value of currency is determined solely by the value people ascribe to it. printing causes inflation since there are more people buying goods and the ease of print fiat money not tied to a commodity market value and rather just the value people give it for paying taxes might explain the past 40 or so years of increased inflation [img]http://research.stlouisfed.org/fred2/data/CPIAUCSL_Max_630_378.png[/img]

Holy fuck. Okay people, two things are required now to argue economics. I'm lowering the bar, a basic American civics class and a basic Economic Course. Using the internet doesn't count.

[QUOTE=fork in brain;42262806]well the value of currency is determined solely by the value people ascribe to it.[/quote] Same with gold. [quote]printing causes inflation since there are more people buying goods and the ease of print fiat money not tied to a commodity market value and rather just the value people give it for paying taxes might explain the past 40 or so years of increased inflation[/quote] Inflation isn't just caused by an increase in the money supply. Inflation is defined as an increase of prices over time throughout an entire economy. Moderate inflation is a sign of a healthy and growing economy. [quote][img]http://research.stlouisfed.org/fred2/data/CPIAUCSL_Max_630_378.png[/img][/QUOTE] Could you care to show the increase in wages over this time period? Now, one of the advantages of fiat money is that you can pay taxes in it. Since governments can say "even though this paper is not valued by people, we will still accept it for taxation purposes", then you are obviously going to have people who will work, and pay their taxes using paper money. Since it can be used to resolve debt, once a fiat currency is introduced, it can quite quickly become a popular and easy means of exchange.

[QUOTE=Sobotnik;42263537]Same with gold. Inflation isn't just caused by an increase in the money supply. Inflation is defined as an increase of prices over time throughout an entire economy. Moderate inflation is a sign of a healthy and growing economy. Could you care to show the increase in wages over this time period? Now, one of the advantages of fiat money is that you can pay taxes in it. Since governments can say "even though this paper is not valued by people, we will still accept it for taxation purposes", then you are obviously going to have people who will work, and pay their taxes using paper money. Since it can be used to resolve debt, once a fiat currency is introduced, it can quite quickly become a popular and easy means of exchange.[/QUOTE] The American Revolution occured out of a desire to be free from excessive british taxes. Taxes are in a sense anti-american. Since the gold just disappeared executive order 6102 was kind of srs theft.

[QUOTE=fork in brain;42321089]Taxes are in a sense anti-american.[/quote] wat [quote]Since the gold just disappeared executive order 6102 was kind of srs theft.[/QUOTE] The order to to make people spend their money so as to stimulate economic growth, not to steal it.

[QUOTE=fork in brain;42321089]The American Revolution occured out of a desire to be free from excessive british taxes.[/QUOTE]No it didn't? The tax issue was largely over wanting proper representation in the British government which they felt they weren't getting. (You know the saying "No taxation without representation.") A lot of American colonists were not in favor of succession and were quite happy as British subjects, they just wanted to be represented as they felt they should be.