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Spitfiree   Bulgaria. Sep 25 2014 03:56. Posts 9634 | | |
I always giggle when someone gives an argument connected to the banks post WW 1. Everything significant that happens in the bank sector post WW1 is manipulated and meant to happen so, you cant give events there as some natural rational explanation, because they're not.
Post WW 1 :
- Fed reserve is created.... by private banks
- $ takes over as the leading international trading currency ( up to the point where over 80% of the deals are done in $ )
- USA basically "scams" european powers out of their gold, currencies are less and less bound to gold up leading to the point where gold has nothing to do with money
connect the dots?
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I will just ignore completely ignore Gnarly for the sake of not wasting time but for anyone who is interested in debating about some interesting financial issues.
I think spitfire brings up probably the most interesting issue in the financial world, about the monopoly of the Federal Reserve and leverage they have in causing inflation in places that deal with USD / as a primary form of the world reserve currency.
Basically what stops the US from printing endless amounts of money and buying limited amounts of products causing prices in those places to go up due to scarcity? |
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| Last edit: 25/09/2014 13:10 |
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Gnarly   United States. Sep 25 2014 13:57. Posts 1723 | | |
because there's better ways of doing things
also, we didn't scam europe out of gold lol. if germany wanted it's gold back, it wouldn't make it public that it's begging on it's knees to america to give back it's gold. money velocity is more important than how much is in circulation |
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Spitfiree   Bulgaria. Sep 25 2014 18:13. Posts 9634 | | |
Let me explain in cliff notes
- Crisis in europe after WW1
- Usa from debitor to huge creditor
- Gold goes across the ocean
- Gold standard falls
- Great depression strucks
Great depression is also made by the Federal Reserve, if someone as smart as Milton Friedman claimsIT and considering all the circumstances around the fed reserve im more than 100% inclined to believe it ... anyway there s tons to read on the topic, dont read just one source, get a few to actually find the truth, don't be a sheep. I'd also say velocity and circulations are very tightly bound together and you can't really say that one is more important than the other, cause there are too many factors to just lightly say something like that, not to mention that velocity is basically a part of circulation when you think about it. It cannot exist without money circulation, so in a pure form your argument is pretty naive.
edit: how did we get from racism to fed reserve and basic economy really. |
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| Last edit: 25/09/2014 18:16 |
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Gnarly   United States. Sep 25 2014 19:59. Posts 1723 | | |
velocity is a truer form of how much money is being circulated rather than how much can be circulated. when the bailouts happened, the monetary base rose like fuck, but money velocity declined.
You talk about gold, but how much do you know of global energy? What's going on with Russia, China, and the Middle East all revolve around energy, and you'll see wars fought over energy far more often than you'll see wars fought over gold, if there have ever been any. Pretty naive to leave out energy when it's the bigger factor than gold. |
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Gnarly   United States. Sep 25 2014 20:18. Posts 1723 | | |
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Spitfiree   Bulgaria. Sep 26 2014 03:04. Posts 9634 | | |
Nobody said the wars were fought over gold, you just hold something untrue and try to bend the context so that what you write makes sense, I'm done tbh, I usually feel sad for people like you that just have tunnel vision and cant open their minds to view from multiple different perspectives, but this is just too much. FWIW i wasn't even talking about the wars, they were just mentioned as they are part of the process but w/e |
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Gnarly   United States. Sep 26 2014 03:26. Posts 1723 | | |
fwiw, i like people like you. you give me hope.
>doesn't understand that anything economic has to have military backing behind it |
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Baalim   Mexico. Sep 26 2014 03:58. Posts 34250 | | |
“The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.”
- Charles Bukowski
Gnarly if you are as smart as you think you are, set ego aside and make an objective re-evaluation of your beliefs, I'm too much of a misanthrope to think that will ever work but can't hurt to try |
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Ex-PokerStars Team Pro Online | Last edit: 28/09/2014 16:30 |
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mnj   United States. Sep 26 2014 09:19. Posts 3848 | | |
| On September 25 2014 02:56 Spitfiree wrote:
I always giggle when someone gives an argument connected to the banks post WW 1. Everything significant that happens in the bank sector post WW1 is manipulated and meant to happen so, you cant give events there as some natural rational explanation, because they're not.
Post WW 1 :
- Fed reserve is created.... by private banks
- $ takes over as the leading international trading currency ( up to the point where over 80% of the deals are done in $ )
- USA basically "scams" european powers out of their gold, currencies are less and less bound to gold up leading to the point where gold has nothing to do with money
connect the dots?
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i like most of what you post about finance but i'm having a very hard time getting behind this argument.
i think in general ppl are scared about concentration of power (1%, banks, large corporations, government etc) with good reason, but i don't actually see any argument in your post. it actually feels like gnarly hacked your account and posted some pseudo chain of events presented as a CONCRETE BULLET PROOF ARGUMENT * DEAL WITH IT * 8) |
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Gnarly   United States. Sep 26 2014 13:15. Posts 1723 | | |
| On September 26 2014 02:58 Baalim wrote:
“The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.”
― Charles Bukowski
Gnarly if you are as smart as you think you are, set ego aside and make an objective re-evaluation of your beliefs, I'm too much of a misanthrope to think that will ever work but can't hurt to try |
If you think I'm being serious all the time, you need to re-evaluate yourself. There are a few things that I do know, and there's lots of things I have a slight idea of, and like to expand those just simply from my mind. Sometimes, I like to throw out random shit to see what opposition I get, so I can get a better view of what I'm actually trying to see.
Things I'm serious about: Keystone XL, metals
Things I'm not serious about: Socialistic capitalism
If the US become so automated that labor in pretty much any sense of the word was a thing a past, we'd still have to worry about the global economy and foreign economies that are still running how things have been running. I like the idea of corporations being jellyfish from the jellyfish lake, but that stems from the idea that corporations are simple organisms, having no control over what they do because they only react certain ways in certain situation. (if they are experiencing losses, it's either because they are trying to bring down the company, or that they'll start needing to re-organize and re-face the company. when they are experiencing profit, they want to milk it as long as possible) |
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Santafairy   Korea (South). Sep 28 2014 05:28. Posts 2226 | | |
| On September 26 2014 12:15 Gnarly wrote:
Show nested quote +
On September 26 2014 02:58 Baalim wrote:
“The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.”
― Charles Bukowski
Gnarly if you are as smart as you think you are, set ego aside and make an objective re-evaluation of your beliefs, I'm too much of a misanthrope to think that will ever work but can't hurt to try |
If you think I'm being serious all the time, you need to re-evaluate yourself.
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It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen | |
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Gnarly   United States. Sep 28 2014 13:07. Posts 1723 | | |
>almost 5k views
>the only thread worth reading
>jokes not on them |
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dogmeat   Czech Republic. Sep 28 2014 13:28. Posts 6374 | | |
i just came here to shit on white ppl |
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awesomeguy   Finland. Sep 28 2014 14:04. Posts 61 | | |
dont shit on white ppl oatmeal |
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dogmeat   Czech Republic. Sep 28 2014 14:24. Posts 6374 | | |
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Gnarly   United States. Sep 28 2014 16:20. Posts 1723 | | |
the most beautiful people are white, though, and you can't explain that, can you? That's what I thought. |
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Baalim   Mexico. Sep 28 2014 16:32. Posts 34250 | | |
| On September 28 2014 04:28 Santafairy wrote:
Show nested quote +
On September 26 2014 12:15 Gnarly wrote:
| On September 26 2014 02:58 Baalim wrote:
“The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.”
― Charles Bukowski
Gnarly if you are as smart as you think you are, set ego aside and make an objective re-evaluation of your beliefs, I'm too much of a misanthrope to think that will ever work but can't hurt to try |
If you think I'm being serious all the time, you need to re-evaluate yourself.
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lol qft |
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Ex-PokerStars Team Pro Online | |
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Gnarly   United States. Sep 29 2014 14:04. Posts 1723 | | |
Let me get this straight, you paint me as the person saying "Hey, I'm retarded" and then paint yourself as the person who says "Fuck off!"? If this is true, then how are you not the retarded one? Why would you keep replying over and over to someone saying they are retarded if you yourself weren't retarded? Doesn't make sense to look at this thread almost 5000 times to tell someone to fuck off. It's like the story of the kid who everyone thought was retarded, so they gave him the choice to take a nickel or a dime. If he chooses the nickel, they come back the next day, and if he chooses the dime, they never come back. This story was made around the 40s, so you can get some perspective. (protip: the "retard" knowingly picked the nickel until the kids were out of money) |
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Santafairy   Korea (South). Sep 29 2014 14:21. Posts 2226 | | |
i know a story that was made even earlier in the 30s it's called of mice and men |
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It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen | |
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