AAO25.com
Community => The Lounge => Topic started by: Koden on Monday, January 09, 2012, 11:45:20 AM
-
I don't exactly about US and other countries in the world (aside of European ones) but here in Italy we're having some kind of bank crisis as they seem to literally "eat" every public aid and especially European central Bank ones - BUT, while their stocks value keeps decreseing they won't lend money. They seems to be professionals in doing that.
-
Greed makes the economy fail. Unfortunately it's more than any one man can deal with, i.e. our president. There's no way we'll get out of our debt. Once you accept that, you have to keep living life and managing yourself and your property the best you can. That's all anybody can do.
-
on the bright side its 2012, the last year of life so live life with your dick out :)
Since day 1.
-
I think our major problem is, that our US dollar isnt backed by shit. It's just printable. We print Millions every couple weeks, and bail out banks and other companies (that are funded by feds) by just printing paper. The more money we print, the less value our dollar has, which is why prices on everything go up each and every year.
Now if we backed the US dollar with gold and silver, prices would stay pretty consistent. The price of things don't really go up, your dollar is just becomes worth less than before.
And looking even deeper into the situation, I (and many others) believe that one day, nobody will want the US dollar. Right now the US dollar is the international currency, meaning, if Russia wants to buy oil from Iran, they have to exchange Russia currency into US dollar, and Iran has to exchange their money into US currency to do the oil trade. Then Iran would have to exchange currencies once again. basically huge hassle for some paper that isn't backed by shit.
Another interesting fact, Major countries of the UN had a meeting last year (leaving America out) and they want to change the world currency to Euro.
Now if that happened (or when), I would expect America to go into another great depression, banks closing and taking the money, ect ect...
long story short, you should invest in something REAL, like gold or silver...or anything that has some kind of value other than green printed money. would be a good investment in long run.
just my 2 cents.
PS: i dont think 2012 is last year of life, but ironically enough, my bday is on 'dooms day'. 12/21/2012 :)
so you can hang out with me if you want to live 8) lol.
-
We all fucked, the UK is 1 Trillion pounds in debt, and we are only a small country.
We need to wipe the slate clean and start again.
We need to end capitalism, and invent an economic system that does not rely on debt and growth to service that debt. and not communism that creates too much corruption and abuse.
I like to call the system we have now smash and grab capitalism, everyone knows its all a load of bollox and to implode soon so just grab what you can, get as rich as you can while it lasts.
Again were all fucked.
-
We all fucked, Again were all fucked.
Yup. If a country/government can't fix it, one person won't do anything either. I just ignore this crap and live my life the best I can. Can't live like there will be a disaster tomorrow.
-
I think our major problem is, that our US dollar isnt backed by shit. It's just printable. We print Millions every couple weeks, and bail out banks and other companies (that are funded by feds) by just printing paper. The more money we print, the less value our dollar has, which is why prices on everything go up each and every year.
Now if we backed the US dollar with gold and silver, prices would stay pretty consistent. The price of things don't really go up, your dollar is just becomes worth less than before.
And looking even deeper into the situation, I (and many others) believe that one day, nobody will want the US dollar. Right now the US dollar is the international currency, meaning, if Russia wants to buy oil from Iran, they have to exchange Russia currency into US dollar, and Iran has to exchange their money into US currency to do the oil trade. Then Iran would have to exchange currencies once again. basically huge hassle for some paper that isn't backed by shit.
Another interesting fact, Major countries of the UN had a meeting last year (leaving America out) and they want to change the world currency to Euro.
Now if that happened (or when), I would expect America to go into another great depression, banks closing and taking the money, ect ect...
long story short, you should invest in something REAL, like gold or silver...or anything that has some kind of value other than green printed money. would be a good investment in long run.
just my 2 cents.
PS: i dont think 2012 is last year of life, but ironically enough, my bday is on 'dooms day'. 12/21/2012 :)
so you can hang out with me if you want to live 8) lol.
A few things.
First, The Euro won't replace the dollar anytime soon if ever seeing as the EU crisis is worse than the one here in the U.S.
second, printing more money doesn't cause inflation, releasing money into the economy does. We have billions of dollars sitting in warehouses ready to be put into the economy when it is needed. Money constantly gets destroyed, so we need to keep putting some back into the economy.
Third, it would be an AWFUL idea to back the dollar with gold and silver again. Look what happened to Greece. The Euro has a fixed exchange rate (which is what the gold standard would be), meaning they cannot devalue their money nor can they print more. This means that even if their economy is going downhill, there is literally no way for them to try to counterbalance it by devaluing or printing more money. There are pros and cons to both sides, but we're better off how we are right now.
-
We all fucked, the UK is 1 Trillion pounds in debt, and we are only a small country.
We need to wipe the slate clean and start again.
We need to end capitalism, and invent an economic system that does not rely on debt and growth to service that debt. and not communism that creates too much corruption and abuse.
I like to call the system we have now smash and grab capitalism, everyone knows its all a load of bollox and to implode soon so just grab what you can, get as rich as you can while it lasts.
Again were all fucked.
If you can come up with a better system I'm sure someone will listen. The fact is, capitalism (although technically the U.S. and Euro countries aren't capitalist, but mixed economies) has been the dominant form of economics for an extremely long time. So far no one has come up with anything better. What makes you think that a better economics system is possible?
-
Something that does not require constant growth to stop it imploding would be a good start.
Something cannot contantly grown on a planet of fixed size with a finite amount of resources.
-
Something that does not require constant growth to stop it imploding would be a good start.
Something cannot contantly grown on a planet of fixed size with a finite amount of resources.
That's a good point, but the economy isn't necessarily based on physical resources. It is also driven by ideas as well as non-physical things. Take the internet for example. The internet is a vast openness that is constantly expanding and anything is pretty much possible. The internet isn't a physical thing. Facebook isn't a physical thing yet is takes in millions of dollars, which helps the economy.
-
i'm an Australian, whats a economic crisis?
When Paul Keating (previous Prime Minister) said "this is the recession we need to have" so he forced it.
I think he was The Treasurer at the time
-
When Paul Keating (previous Prime Minister) said "this is the recession we need to have" so he forced it.
I think he was The Treasurer at the time
Probably the reason why we are in such a good position now as the GST hasn't helped.
When Us hit's $1.10 I think I will start buying..
-
Australia, what started out as a british prison colony is now the richest country on earth. Thats an achievement, Fair play!
-
Australia, what started out as a british prison colony is now the richest country on earth. Thats an achievement, Fair play!
That's only the Tasmanian's the Mainland is all good. That's why we never built a bridge, stop's them coming over in bulk..
-
A few things.
First, The Euro won't replace the dollar anytime soon if ever seeing as the EU crisis is worse than the one here in the U.S.
lawl. alot of countries are already trying to switch from the US dollar to euro or other currencies..
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
http://standardtimespress.org/?p=137
http://en.wikinews.org/wiki/US_dollar_no_longer_accepted_at_Taj_Mahal_and_other_Indian_historical_sites
http://www.thepeoplesvoice.org/TPV3/Voices.php/2011/02/03/mexican-government-successfully-sheds-th
even mexico is starting to reject the US dollar. Research it. (not talking bout watching cnn or fox)
second, printing more money doesn't cause inflation, releasing money into the economy does. We have billions of dollars sitting in warehouses ready to be put into the economy when it is needed. Money constantly gets destroyed, so we need to keep putting some back into the economy.
lawl again. What do you think the point is in printing money? and we put it into the economy when needed?... like, when gas prices go up? food? The more money printed by the federal reserve, the more debt for the country, the more the american's pay, due to your $$ being worth less.
i found this, this breaks it down better that I ever could. http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt
The Euro has a fixed exchange rate (which is what the gold standard would be), meaning they cannot devalue their money nor can they print more. This means that even if their economy is going downhill, there is literally no way for them to try to counterbalance it by devaluing or printing more money. There are pros and cons to both sides, but we're better off how we are right now.
Well as history has proven again and again, 'printing' your way out of debt only prolongs the inevitable. I respect your views, but the whole 'lets keep trying a system that has proven failure'... can't comprehend.
-
Again, We're all fucked.
-
except australia
ya, hope this doesnt ruin your plans, but im moving in your house. kthanks :D
-
http://www.youtube.com/watch?v=qOP2V_np2c0
-
lawl. alot of countries are already trying to switch from the US dollar to euro or other currencies..
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
http://standardtimespress.org/?p=137
http://en.wikinews.org/wiki/US_dollar_no_longer_accepted_at_Taj_Mahal_and_other_Indian_historical_sites
http://www.thepeoplesvoice.org/TPV3/Voices.php/2011/02/03/mexican-government-successfully-sheds-th
even mexico is starting to reject the US dollar. Research it. (not talking bout watching cnn or fox)
lawl again. What do you think the point is in printing money? and we put it into the economy when needed?... like, when gas prices go up? food? The more money printed by the federal reserve, the more debt for the country, the more the american's pay, due to your $$ being worth less.
i found this, this breaks it down better that I ever could. http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt
Well as history has proven again and again, 'printing' your way out of debt only prolongs the inevitable. I respect your views, but the whole 'lets keep trying a system that has proven failure'... can't comprehend.
your post is so faceplam worthy I don't know where to start.
OK, fist of all, a few placed not accepting the US dollar as currency means not. If I went to the UK and tried to pay with a US dollar they would tell me to get lost. That's a useless point. There is a difference between a country using a second form of currency and the US dollar being a world currency. Also, you have yet to post anything that that shows countries are favoring the Euro over the dollar, just an article, dated 2009 I might add, that say a few countries were considering it.
As for your second set of comments, you clearly do no understand how the Fed operated and what it is supposed to do. We print more money because money is constantly being destroyed, so to balance it out, we need to put more into the economy. Printing more money is also important when it comes to facing recessions. Yes, printing money causes inflation, but the extra money for the time being can help ease the pain of an economic crisis The idea of printing more money has nothing to do with paying off debt, you're stupid to think so. Stop talking as if you know more about money and the economy than the Fed does, you don't.
I never said anything along the lines of "let's keep trying a system that has failed." I'll tell you what, since you seem to know everything about the economy and how it is awful, YOU come up with a better system and then you can talk shit about capitalism all you want. Until then though, capitalism is the best we have.
-
I never said anything along the lines of "let's keep trying a system that has failed." I'll tell you what, since you seem to know everything about the economy and how it is awful, YOU come up with a better system and then you can talk shit about capitalism all you want. Until then though, capitalism is the best we have.
This is the only thing I've read in the recent posts. I'd like to touch on a subject I know very little about. I'm not sure that it's capitalism that's the problem, isn't it more the Federal Reserve that's not even a part of the government that we owe all our debt to?
-
This is the only thing I've read in the recent posts. I'd like to touch on a subject I know very little about. I'm not sure that it's capitalism that's the problem, isn't it more the Federal Reserve that's not even a part of the government that we owe all our debt to?
Yes, most of our debt is held by the Federal Reserve. That is a part of capitalism though. Fed is and isn't part of the government though. It's a tricky relationship. They can't print money with the government's consent, but they operate as a private organization and can buy debt. My guess is that the reason they hold so much U.S. debt is because they are so close to the actual government. they don't have to worry about not getting paid by the government because they actually make the governments money. I'm not going to pretend I know a lot about this situation, but that's what I've gathered. I don't believe the Fed is the biggest problem, because it is technically supposed to act in the best interests of the U.S. and the economy, that is assuming it has good leadership, which can always be a problem. Capitalism is flawed, there is no denying that, it is just the least flawed system we have come up with so far.
-
your post is so faceplam worthy I don't know where to start.
OK, fist of all, a few placed not accepting the US dollar as currency means not. If I went to the UK and tried to pay with a US dollar they would tell me to get lost. That's a useless point. There is a difference between a country using a second form of currency and the US dollar being a world currency. Also, you have yet to post anything that that shows countries are favoring the Euro over the dollar, just an article, dated 2009 I might add, that say a few countries were considering it.
Are you kidding? at one time, when our dollar wasnt a big joke, other countries would be thrilled to accept the dollar.... like Mexico for example. shit. ... but you want a link saying a country favors euro? shit, heres one of iran (ya its old, thats how old this news is and how long this shits been predicted) even talks how Saddam tried the same thing, he obviously didnt succeed thou.
http://www.projectcensored.org/top-stories/articles/9-irans-new-oil-trade-system-challenges-us-currency/
and just want to add, I did say to research it... but obviously you didnt. so ill tell you again, RESEARCH IT before you blab about it.
As for your second set of comments, you clearly do no understand how the Fed operated and what it is supposed to do. We print more money because money is constantly being destroyed, so to balance it out, we need to put more into the economy. Printing more money is also important when it comes to facing recessions. Yes, printing money causes inflation, but the extra money for the time being can help ease the pain of an economic crisis The idea of printing more money has nothing to do with paying off debt, you're stupid to think so. Stop talking as if you know more about money and the economy than the Fed does, you don't.
I never said anything along the lines of "let's keep trying a system that has failed." I'll tell you what, since you seem to know everything about the economy and how it is awful, YOU come up with a better system and then you can talk shit about capitalism all you want. Until then though, capitalism is the best we have.
First you tell me to stop talking as if i know more about money and economy than the feds do? I never claimed that i know more than the feds, but then you go on to tell me since i know everything about the economy, I should come up with a better system.
I can see my words must of made ya a little butt hurt... sorry, ill put some lube on this time, ya ready?
1st off, I cant explain the federal reserve and how they operate any better than ron paul
http://www.ronpaul.com/congress/legislation/audit-the-federal-reserve-fed-hr-459-s202/
and i love how trying to audit them is just a mission failure. heaven forbid ANYBODY really knew how they operated...
2nd off, i dont have to think of a new system, somebody else already did, if people (like you) would wake up and look into who they are voting for and what they stand for, they would know theres already solutions.
Think ron pauls honest money issue about sums it up
http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/
also theres a little more education bout the federal reserve in there, for ya.
peace,
soup
-
Are you kidding? at one time, when our dollar wasnt a big joke, other countries would be thrilled to accept the dollar.... like Mexico for example. shit. ... but you want a link saying a country favors euro? shit, heres one of iran (ya its old, thats how old this news is and how long this shits been predicted) even talks how Saddam tried the same thing, he obviously didnt succeed thou.
http://www.projectcensored.org/top-stories/articles/9-irans-new-oil-trade-system-challenges-us-currency/
and just want to add, I did say to research it... but obviously you didnt. so ill tell you again, RESEARCH IT before you blab about it.
Research what? The dollar has yet to be replaced. Umad that they aren't backing up what you're saying? Also, it's Iran, the challenge anything U.S. related. Also, you link a 2006 article? Come on, I thought you could do better than that. Cool, they challenged it 6 years ago and we're still using it now. What does that tell you? That it is not likely to happen anytime soon. That just helped me prove my point. Thank you.
First you tell me to stop talking as if i know more about money and economy than the feds do? I never claimed that i know more than the feds, but then you go on to tell me since i know everything about the economy, I should come up with a better system.
I can see my words must of made ya a little butt hurt... sorry, ill put some lube on this time, ya ready?
1st off, I cant explain the federal reserve and how they operate any better than ron paul
http://www.ronpaul.com/congress/legislation/audit-the-federal-reserve-fed-hr-459-s202/
and i love how trying to audit them is just a mission failure. heaven forbid ANYBODY really knew how they operated...
2nd off, i dont have to think of a new system, somebody else already did, if people (like you) would wake up and look into who they are voting for and what they stand for, they would know theres already solutions.
Think ron pauls honest money issue about sums it up
http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/
also theres a little more education bout the federal reserve in there, for ya.
peace,
soup
Ron Paul? You fucking use Ron Paul, the guy who wants to get rid of the Federal Reserve, to get your facts about it? That just lost what little credibility you had in this argument. You get his side of the story and that's it. If you ever wanted to know about them, you would research it from all angles, not just Ron Paul's biased angle.
Responses are in red. Also, seeing as you can't even hold up any of your arguments I am done here. I would love to know what this new and better system is that you speak of, yet don't explain.
-
lawl, I have done my research... but ron pauls honest money, probably best method. And I lost my credibility? tell me why more US soldiers support RON PAUL than any other candidate?
And I never once said THE dollar has been replaced in the international currency.... I said countries have been wanting and are trying to switch currencys for awhile and that the dollar is no longer accepted in alot of countries... umad you got to put words in my mouth? and the whole "cool 6 years ago"...as i stated, ITS OLD but thats how long this crisis has been predicted. But look it up, shit, china, russia and iran are the big ones, but theres roughly like 20 other countries who dont want to use to US dollar system... and you cant blame them.
anyways, im done debating with close minded fool such as yourself, made my point. have a good weekend ::)
-
US soldiers support RON PAUL than any other candidate?
Is Ron Paul running for president?
-
Is Ron Paul running for president?
hes just candidate for republican party.... he is currently behind mitt romney in polls.
kinda going to be sad if Mitt Romney wins, your choices will be- Obama... obama health care plan and i need not say more.
or Romney... which he directly stated he wants to raise tax on middle class, and even more tax on the poor so the rich pay less tax... and he worries me too as far as where he stands on anything, because almost every time he votes it changes... example, in 2002 he was kind of against the NRA ...in 2008 he joined the NRA... and its like that with alot of issues.
and he also wants Romney care plan, which is alot like Obama Health Care, except abortions will be paid by tax payers... FREE ABORTIONS, bang like rabbits!
ron paul is really the only one who has voted the same for like 30 years.
seriously, americans should research the candidates that runs, not just 'ill vote repulican' or 'ill vote democrat'. ... and You should vote for who you think is best, but please, research what these guys stand for.
-
lawl, I have done my research... but ron pauls honest money, probably best method. And I lost my credibility? tell me why more US soldiers support RON PAUL than any other candidate?
And I never once said THE dollar has been replaced in the international currency.... I said countries have been wanting and are trying to switch currencys for awhile and that the dollar is no longer accepted in alot of countries... umad you got to put words in my mouth? and the whole "cool 6 years ago"...as i stated, ITS OLD but thats how long this crisis has been predicted. But look it up, shit, china, russia and iran are the big ones, but theres roughly like 20 other countries who dont want to use to US dollar system... and you cant blame them.
anyways, im done debating with close minded fool such as yourself, made my point. have a good weekend ::)
You call me close minded yet you blindly support Ron Paul and use his biased views in a debate. That's cute. Love how you had to resort to insults though, it shows who really won the argument.
Also, I would love to know what this new and better system is that you speak of, yet don't explain.
Still waiting.
-
You call me close minded yet you blindly support Ron Paul and use his biased views in a debate. That's cute. Love how you had to resort to insults though, it shows who really won the argument.
Also, Still waiting.
... i posted a link, to ron pauls website, that explains.
http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/
and fyi, i dont blindly suppport ron paul, ive looked into each candidate.... and i didnt even know there was an argument. thought this was a debate forum. 8)
-
... i posted a link, to ron pauls website, that explains.
http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/
and fyi, i dont blindly suppport ron paul, ive looked into each candidate.... and i didnt even know there was an argument. thought this was a debate forum. 8)
Sorry, I don't click on links to a biased site. There is a lot of things wrong with Paul's ideals, especially returning to the gold standard. I can agree with him on a lot of things like getting troops out of foreign countries and reducing the debt, but a lot of his other policies are stupid.
-
hes just candidate for republican party.... he is currently behind mitt romney in polls.
I've heard the name Romney but couldn't pick him out of a line up.
seriously, americans should research the candidates that runs, not just 'ill vote repulican' or 'ill vote democrat'. ... and You should vote for who you think is best, but please, research what these guys stand for.
I don't go republican or democrat. I look up what each guy's stances are on various subjects. That's why I voted Obama. I don't agree with everything but he represented me better than McCain did so... yea.
I don't think I'll continue voting though. I voted Obama and although he did win, my redneck state voted more for McCain so my vote didn't do anything. Also, I hate the whole "new president every 4 years" thing. Hiring/firing new people, spending so much on campaigns, it's such a waste. It seems like it takes forever to get anything done. I also don't want to vote for Obama again and libertarians like Ron Paul so I won't vote for him. *sigh*
-
I've heard the name Romney but couldn't pick him out of a line up.
I don't go republican or democrat. I look up what each guy's stances are on various subjects. That's why I voted Obama. I don't agree with everything but he represented me better than McCain did so... yea.
I don't think I'll continue voting though. I voted Obama and although he did win, my redneck state voted more for McCain so my vote didn't do anything.
Yeah, there are pros and cons to the electoral college system. it was put in place because the average person at the time was deemed too uninformed to make the decisions. It is arguable if that is still the case though. A couple times a president won the popular vote but lost the election due to the electoral college system. The most recent being George W. Bush winning over Al Gore in the 2000 election despite Al Gore winning the popular vote. I didn't register to vote but even if I did, I have no idea who I would pick. the Republican field is a joke and Obama didn't do all too well with his 1 term.
-
well killaman, guess we'll jus have to agree to disagree... but i just want to add "you dont click on any biased website"...so therefore you dont inform yourself of candidates? or do you just get your info from cnn or fox (dont even think i need to say this, but both, obviously biased). Just saying, look into where candidates stand on issues and hold em to what you support...... and no matter what candidate you look into, you could call their stance biased.
I've heard the name Romney but couldn't pick him out of a line up.
I don't go republican or democrat. I look up what each guy's stances are on various subjects. That's why I voted Obama. I don't agree with everything but he represented me better than McCain did so... yea.
I don't think I'll continue voting though. I voted Obama and although he did win, my redneck state voted more for McCain so my vote didn't do anything. Also, I hate the whole "new president every 4 years" thing. Hiring/firing new people, spending so much on campaigns, it's such a waste. It seems like it takes forever to get anything done.
i agree, I'm discouraged with the electoral voting system to, and I didn't even vote last election, because I didnt like either... I would of went green party....(wish it did go off popular vote, then your vote would count) but i guess recently I found a little hope and will vote if ron paul is on the ballet... otherwise, it just seems that democrats take over where republicans left off and republicans take over where democrats left off.... just never ending.
but glad you atleast took time to look into their stances, more than alot of people do...(especially ones that cant look into it cuz of fear from biased link)
-
well killaman, guess we'll jus have to agree to disagree... but i just want to add "you dont click on any biased website"...so therefore you dont inform yourself of candidates? or do you just get your info from cnn or fox (dont even think i need to say this, but both, obviously biased). Just saying, look into where candidates stand on issues and hold em to what you support...... and no matter what candidate you look into, you could call their stance biased.
Well of course, everyone is biased to some degree. Also, I do not watch CNN or Fox News or any of those crappy News programs. I do read articles online though. I would never go to a politician's website to learn what they are about, because they are more inclined to spin the truth than other new organizations. I always look into what the candidates stand for, unfortunately there isn't a single presidential candidate that I completely agree with. I tend to be more of a conservative yet I hate the republican party for their stupid "christian values is the foundation of this country" crap. I like the economic ideals of a smaller government with less social systems (not to the extreme extent of libertarianism though), but I hate their social beliefs. They waste so much time being anti-gay marriage and worrying about "attacks on Christianity" that it is hard to take them seriously.
-
Soup is my new best friend