Remember when America's dollar was the most powerful dollar?

[KristyHall]

Quote:
What does that piece of fiction have to do with anything?


what do you mean, exactly, by "cheif buffalo nickle"

 

[ivan3]

The dollar remains the best of a questionable bunch. Our problem is primarily one of regulatory capture, e.g., those players with the deepest pockets and the least interest in a productive economy (real goods and hedges on real commodities) pretty much ride herd on the regulators, not the other way around (the most current example to follow).

Now, considerable `sap sucking' of face value is governmentally derived, no denying that. PAY-GO (Congress having to cover not only any spending increase, but cover any tax cuts as well before implementing them) went out of fashion. In 2006, then Sen. Obama, pretty much summed it up prior to his vote against raising the debt ceiling. http://www.gpo.gov/fdsys/pkg/CREC-2006-03-16/pdf/CREC-2006-03-16-pt1-PgS2236.pdf (page S2237) Sad to say, his stimulus also skirted the PAY-GO.

Regulation? How about transparency and effective oversight? That is the primary hobgobblin. There is a reason thieves prefer the dark, they are complaining vociferously about the possibility of light and the Current House is acquiescing quite nicely:

The Senate Banking Committee's review of the one year anniversary of Dodd/Frank (the entire hearing is enlightening/frustrating) go to 1:20 to listen to what ticks me off the most: http://www.c-spanvideo.org/program/300630-1

This brings me to the current bit of slight of hand (Bank Of America trying to slip ~50 Trillion in derivatives from their holding company into their depository operation so if they go busto the counterparties will be paid off before the depositors (a result in a change made in the 2005 bankruptcy law) - FDIC -taxpayers- will have to cover the depositor's loss. Looks like a too big to fail extortion scheme to me.

A good precis: http://www.reuters.com/article/2011/10/20/idUS347712244020111020

Link to another reporter's blog (covering original report): http://www.nakedcapitalism.com/2011/10/bank-of-america-deathwatch-moves-risky-derivatives-from-holding-company-to-taxpayer-backstopped-depositors.html

Have a fun weekend (when you hear the financial services folks complaining, through their media mouthpieces, about `regulation' just replace it with `oversight').

 

[thekid]

Maybe it's because the American is worth less money because the government prints so much of it?

 

[Q9]

Quote:
What does that piece of fiction have to do with anything?

Chickened - I'm unsure. Quite frankly, it's difficult to tell what Revelation is ABOUT - but as others have mentioned, this would best be discussed via PM.

Medicine Man - It would be much appreciated if you would show some more respect about others' beliefs. I'm all for debate and discussion, but it is unacceptable to trash a religious text as a piece of fiction. It's rude and will not win any friends, and this applies to any religion, not just mine. (I know what you guys are thinking - "Since when has Q9 cared about that?" For a while, actually, and I'm currently working on being more respectful in my posting.)

 

[Q9]

Quote:
That's what I said in my first post. Don't blame industry, blame the Monster from Jekyll Island.

Alexander Hamilton originated the concept of a national bank in blatant violation of the Constitution. I'd like you guys to notice something. When we DIDN'T have the BUS/BUS 2/Federal Reserve, we had a VERY stable economy. National bank comes into the picture, that's when you get Panics, recessions, and Depressions - we are currently in a Depression.

Five bucks says US invades Pakistan to distract the population from the economy.

 

[seedcorn]

The problem is we the American people. We said American goods weren't worth the extra money vs. slave labor goods. American companies left, economy died, and we're stuck w/this mess. Meanwhile the politicians are having a field day robbing what's left of America for their own good.

 

[thekid]

Quote:
That's what I said in my first post. Don't blame industry, blame the Monster from Jekyll Island.

Alexander Hamilton originated the concept of a national bank in blatant violation of the Constitution. I'd like you guys to notice something. When we DIDN'T have the BUS/BUS 2/Federal Reserve, we had a VERY stable economy. National bank comes into the picture, that's when you get Panics, recessions, and Depressions - we are currently in a Depression.

Five bucks says US invades Pakistan to distract the population from the economy.

We just pulled a bunch of troops out of Iraq though...

 

[Q9]

Quote:
That's what I said in my first post. Don't blame industry, blame the Monster from Jekyll Island.

Alexander Hamilton originated the concept of a national bank in blatant violation of the Constitution. I'd like you guys to notice something. When we DIDN'T have the BUS/BUS 2/Federal Reserve, we had a VERY stable economy. National bank comes into the picture, that's when you get Panics, recessions, and Depressions - we are currently in a Depression.

Five bucks says US invades Pakistan to distract the population from the economy.

We just pulled a bunch of troops out of Iraq though...

Yeah, because they know that they can't keep the people riled up over Iraq. They're getting a lot of people worked up over Iran and Pakistan now, and that concerns me - especially since Pakistan has nukes and happens to be buddies with the Russians and Chinese.

 

[AquaEyes]

Quote:
What does that piece of fiction have to do with anything?

Chickened - I'm unsure. Quite frankly, it's difficult to tell what Revelation is ABOUT - but as others have mentioned, this would best be discussed via PM.

Medicine Man - It would be much appreciated if you would show some more respect about others' beliefs. I'm all for debate and discussion, but it is unacceptable to trash a religious text as a piece of fiction. It's rude and will not win any friends, and this applies to any religion, not just mine. (I know what you guys are thinking - "Since when has Q9 cared about that?" For a while, actually, and I'm currently working on being more respectful in my posting.)

Equating calling a text "fiction" with "trashing" is quite a stretch. We all know there is stuff in the text (and other religious texts) that is not true, thus it does contain fiction. Whether people hold the text to be important or not is independent of whether it's true or not. There are lots of texts that are fictitious, and acknowledged to be so, and still held in high esteem. And there are many non-fiction books that get barely read.

 

[chickened]

I think you are right, Josephus was a secular historian around Christs' time and many non theological accounts and facts were recorded by him.

What is ficticious about "loving your nieghbor"?
Quote:
Chickened - I'm unsure. Quite frankly, it's difficult to tell what Revelation is ABOUT - but as others have mentioned, this would best be discussed via PM.

Medicine Man - It would be much appreciated if you would show some more respect about others' beliefs. I'm all for debate and discussion, but it is unacceptable to trash a religious text as a piece of fiction. It's rude and will not win any friends, and this applies to any religion, not just mine. (I know what you guys are thinking - "Since when has Q9 cared about that?" For a while, actually, and I'm currently working on being more respectful in my posting.)

Equating calling a text "fiction" with "trashing" is quite a stretch. We all know there is stuff in the text (and other religious texts) that is not true, thus it does contain fiction. Whether people hold the text to be important or not is independent of whether it's true or not. There are lots of texts that are fictitious, and acknowledged to be so, and still held in high esteem. And there are many non-fiction books that get barely read.