Gas prices up, and Obama is still fighting Keystone

[HeinBallz]

FTR, if you look at a lot of my posts in other threads on this subject, I've never been a firm believer in gold backed currency.  The main point I've tried to drive home is prevention of corruption within the fed.  Which I believe it's rampant with.  Any sort of commodity association within the monetary system would go a long way to addressing corruption - but I'm open to other ideas. 

I have to be honest with sys, I play devils advocate from time to time speak to things I'm not 100% behind because I do believe it can help people find middle ground but here's what I do believe in:
We have a major debt crisis and printing money - even if it were interest free - would only lead to more debt.  It really is as simple of a concept as paying off one credit card with another because the fed has a monopoly on our currency.  You can't borrow money from person "a" to pay back a previous loan person "a" gave you.  You will fall farther and farther into debt, every time.   Printing more money devalues the money already in the market.  Anyone that disagrees should answer the question "why don't we just print 900 trillion and get it over with?".


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[Kat Kid]

FTR, if you look at a lot of my posts in other threads on this subject, I've never been a firm believer in gold backed currency.  The main point I've tried to drive home is prevention of corruption within the fed.  Which I believe it's rampant with.  Any sort of commodity association within the monetary system would go a long way to addressing corruption - but I'm open to other ideas. 

I have to be honest with sys, I play devils advocate from time to time speak to things I'm not 100% behind because I do believe it can help people find middle ground but here's what I do believe in:
We have a major debt crisis and printing money - even if it were interest free - would only lead to more debt.  It really is as simple of a concept as paying off one credit card with another because the fed has a monopoly on our currency.  You can't borrow money from person "a" to pay back a previous loan person "a" gave you.  You will fall farther and farther into debt, every time.   Printing more money devalues the money already in the market.  Anyone that disagrees should answer the question "why don't we just print 900 trillion and get it over with?".


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Go look at the bond yields.  The real interest rates on 10 year t-bills is negative.  Riddle me that batman.

[HeinBallz]

Maybe if we print more money?


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[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Right now the Fed is buying 60-80% of t-bonds floated.  The most rudimentary understanding of bond yields answers your question riddlertard.

KK is one of the dumbest motherfuckers in the Pit. Always has, always will be.

[kstatefreak42]

Right now the fed is rough ridin' our currency in the ass. Dry.

[HeinBallz]

Right now the Fed is buying 60-80% of t-bonds floated.  The most rudimentary understanding of bond yields answers your question riddlertard.

KK is one of the dumbest motherfuckers in the Pit. Always has, always will be.

There's really no reason to be a jerk.


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[ednksu]

Right now the fed is rough ridin' our currency in the ass. Dry.

I'm not entirely sure about that.  They way we are borrowing money, the way the Chinermen are hurting our currency and artificially deflating their currency is pretty complex system that the Fed is kinda keeping things in balance while preventing a lot of scary stuff from happening to the average American in their day to day lives.  Now we hurt ourselves pretty bad with the 08 bank issues which aren't resolved.  Now we know the banks are really out to eff us even more than we though (LIBOR, Debt swaps, liquidity).

[kstatefreak42]

Right now the fed is rough ridin' our currency in the ass. Dry.

I'm not entirely sure about that.  They way we are borrowing money, the way the Chinermen are hurting our currency and artificially deflating their currency is pretty complex system that the Fed is kinda keeping things in balance while preventing a lot of scary stuff from happening to the average American in their day to day lives.  Now we hurt ourselves pretty bad with the 08 bank issues which aren't resolved.  Now we know the banks are really out to eff us even more than we though (LIBOR, Debt swaps, liquidity).

The fed has destroyed 99% of the dollar since 1913. DRYYYYY

[sys]

The fed has destroyed 99% of the dollar since 1913. DRYYYYY

 

[HeinBallz]

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