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Peter Schiff predicts Obama will destroy economy
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DifferentDrummer
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PostPosted: Thu Feb 19, 2009 9:49 pm    Post subject: Reply with quote

hasn't been a couple hundred years. money used to be backed up by something.

also, i don't see how it's "lasted".
the economy is shit, and the collapse will be far worse than it is now.

we've been living it up on false wealth & it's finally caught up w/ us.
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MustafaQBrainmender
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PostPosted: Fri Feb 20, 2009 7:12 am    Post subject: Reply with quote

Angel Bobby Peru wrote:
prozacrefugee wrote:

Is there anything worth stealing in Delaware though?


hmmmmm...don't all the credit cards/banks set up shop there? I'll find out which ones have actual physical addresses, and then I'll suggest a spot where we all might meet up for some Heat-style scores?

I'll be Nate (Jon Voight) and set it up, as long as I get a proper cut. Jon will be Neil McCauley (Bobby D). Matt can be Chris (Val Kilmer)....and Andrew gets the illustrious role of Trejo (Danny Trejo) - just don't leave the guys hangin' if you got the fuzz on your tail.

Voice of Truth would be either Waingro or Roger van Zant, cuz both get capped in the end for being total douchebags. laughing



Danny Trejo Says:

I'VE BEEN CONSUMED BY THE GREAT SPIRIT OF THE FREE MARKET!!

There's a dude that hangs at Cinebar named Albert that is a dead ringer for him, btw.
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i would seriously kill him and then have his body taxidermied and then display him in my living room as a paradigm of "don't"
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prozacrefugee
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PostPosted: Fri Feb 20, 2009 11:03 am    Post subject: Reply with quote

DifferentDrummer wrote:
hasn't been a couple hundred years. money used to be backed up by something.


Gold, when it was used as a standard, had as little intrinsic worth as credit notes based on "full faith". You can't eat it, can't use it for tools, etc, it's only worth was in what it could be traded for.
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Kenkajin 2.0
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PostPosted: Fri Feb 20, 2009 11:40 am    Post subject: Reply with quote

Kenkajin's prediction: Citi and B of A will be nationalized within a month.
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DifferentDrummer
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PostPosted: Fri Feb 20, 2009 11:45 am    Post subject: Reply with quote

prozacrefugee wrote:
DifferentDrummer wrote:
hasn't been a couple hundred years. money used to be backed up by something.


Gold, when it was used as a standard, had as little intrinsic worth as credit notes based on "full faith". You can't eat it, can't use it for tools, etc, it's only worth was in what it could be traded for.


not true. gold & silver are extremely valuable in manufacturing.

shit, even a penny is worth more than 1 cent just for the copper alone these days.
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voiceofTruth
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PostPosted: Fri Feb 20, 2009 11:58 am    Post subject: Reply with quote

Quote:
Kenkajin's prediction: Citi and B of A will be nationalized within a month.


Your probably right, Citis stocks are taking a nose dive today. Do we really want the government controlling our money now too? The reason this will most likely take place with Citi is that too many peoples lives are tied into the institution. My advice take your money out of large institutions, diversify your money in small regional banks and purchase gold/silver.

Also love how people defend the gold standard 8 pages after I am trying to make a claim for fiscal sanity and sound money. The markets would naturally devalue assets and reach a natural balance. Rates would be accurate and our buddy Mr FREEMARKETS could resume keeping our fiat currency from imploding. Central banking is the root. The federal reserve is reaping from everything that is going on.
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A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
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voiceofTruth
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PostPosted: Fri Feb 20, 2009 12:08 pm    Post subject: Reply with quote


Link


Ron addressing the problem.
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A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
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prozacrefugee
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PostPosted: Fri Feb 20, 2009 1:37 pm    Post subject: Reply with quote

DifferentDrummer wrote:

not true. gold & silver are extremely valuable in manufacturing.


They are now. What I'm saying is that when gold was used as a medium of exchange it was not - it's only value was that of a currency, which is a representation of the value of other things.
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Angel Bobby Peru
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PostPosted: Fri Feb 20, 2009 4:29 pm    Post subject: Reply with quote

Kenkajin 2.0 wrote:
Kenkajin's prediction: Citi and B of A will be nationalized within a month.


GOOD. Both are crap to do business with. Couldn't have happened to two nicer pricks.

It's like FUCK SONY, only replace Sony with Citibank. Assholes.
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voiceofTruth
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PostPosted: Sat Feb 21, 2009 12:45 pm    Post subject: Reply with quote

Quote:
Gold prices rose to a record high above $1,007 an ounce Friday as stocks continued to fall and investors flocked to the metal to preserve capital.


http://money.cnn.com/2009/02/20/markets/gold/index.htm?section=money_latest
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A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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J.E.D.
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PostPosted: Sat Feb 21, 2009 8:29 pm    Post subject: Reply with quote

I think Governor Schwartzenegger has far and away the most penetrating and concise observation on the current economic woes we've been experiencing...



Link
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voiceofTruth
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PostPosted: Mon Feb 23, 2009 12:21 am    Post subject: Reply with quote

Quote:
What I'm saying is that when gold was used as a medium of exchange it was not


Your completely wrong before 1913 Gold still had value? After 1913 gold had value, explain?
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A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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DifferentDrummer
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PostPosted: Mon Feb 23, 2009 12:36 am    Post subject: Reply with quote

gold is an extremely valuable material in industry.

sorry you don't understand that.




btw... "you're"
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voiceofTruth
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PostPosted: Mon Feb 23, 2009 10:47 am    Post subject: Reply with quote

What are you talking about? Prozac was trying to say that gold held no value as currency? Which it always pretty much has. So I don't understand your interjection.
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A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
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PostPosted: Mon Feb 23, 2009 1:26 pm    Post subject: Reply with quote

voiceofTruth wrote:
What are you talking about? Prozac was trying to say that gold held no value as currency? Which it always pretty much has. So I don't understand your interjection.


Not what I said - what I did say is that gold only had value as a currency, I.e. an abstract representation of utility without any actual utility of its own.
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