If you voted or are going to vote for romney gingrich or santorum take your ass down to a recruiting station sign up and request to be put on the frontline to die first before the rest of us
@TinyMcLarge Jews very safe? You must've missed 2006...the Second Lebanon War...the one Hezbollah started with 5000 Iranian rockets, which killed or injured over 2100 civilians in a country with half the population of NYC.
@TinyMcLarge Why stop Israel? I get that your hatred for Jews is intense, but they're really our closest allies in the Middle East. That's including the Blackbird they shot at and the ship they sank. We don't have to fight for them or even give them weapons, we just have to stand up for them at the UN...seems like a no-brainer
A little off topic but, don't ever watch figure skating. Besides being unbelievably gay, it's a little disturbing to hear a male announcer refer to a 14 year old girl as being "so tiny, so young." This is just weird.
@wiz9496 You just made a really frustrating mistake. Did you actually think you'd be able to talk to a Ron Paul supporter? That's like attempting to convince a radical islamic terrorist of the fact that he won't be receiving 70 virgins after he blows himself up. They're a cult. Cults aren't open for discussion. When they talk about economics, they're fair game. When it comes to convincing them imaginary tyranny, the boogie man in their closet, isn't real, it's not going to happen.
@WallStwizkid Actually, this is the most fun I've had in years. I come in, start discussing RP in a civil manner, they lose the argument, and start calling me names. I tell them RP is a racist, anti-semite, and he's weak when it comes to the military, and they lose it. I'll be flaming them Tuesday night when he loses big time. It's gonna be a helluva time. He won't take a single state. I know you're an Obama guy, but it's great that we can have something in common- hating RP followers.
@wiz9496 I'm actually torn, I don't know who I'm going to vote for. This is my dilemma, maybe we can have an actual normal conversation here. On one hand, I really like Mr. Gingrich's positions on almost every issue. I'm constantly trying to promote mathematics and the sciences in my spare time, as well as spreading awareness that we need to start taking planetary initiatives. I was pretty impressed when Newt laid out his plan for NASA's budget with 10% in prize money.
@wiz9496 Used as a motivational award to encourage studies in math and sciences and eventually participating in a move to expand our space program. I know some people would laugh but, he promised a U.S. colony on the moon by the end of his second term (obviously assuming he'll be elected twice.) I also agree with his foreign policy. My problem is, working within the financial markets, I'm really disappointed that he's selling out to steal Ron Paul votes by offering a "gold commission."
@wiz9496 I sincerely hope he's joking about the gold commission, or that he's just playing politics, because that's laughable. I got so sick of trying to explain to the Ron Paul zombies why talking about gold in 2012 is ridiculous. They just don't want to be open. I guarantee you I'll get a message on here from one of these twits mouthing off about gold. I should just post all their messages up somewhere with my responses, because they all say the same thing. Another thing I was..
@wiz9496 Another thing I was annoyed about is, he's playing politics with the Federal Reserve. People outside the industry don't really understand what lead up to and caused the financial crisis, so they're on an anti-Fed wagon lead by a gynecologist that reads 19th century economics books. Chairman Bernanke navigated supply side easing policy through a recession, I hope Newt was playing politics when he said he thinks he should be fired immediately.
@wiz9496 On the other hand, we need to get Geithner out of the treasury, and Goldman Sachs needs to be knocked down a peg or two, to say the least. Most of us look at them as illegitimate. I understand that Geithner had to look out for his buddies there, I would've done the same thing, but it's the law of the jungle now and they're screwing things up. He needs to go. Chairman Bernanke is basically sitting in between the top member bank and a very biased Secretary in the Treasury.
@wiz9496 That said, there's a lot of issues I like President Obama on as well. I highly doubt Ron Paul would ever be nominated let alone run, but if the Twilight Zone arrives and he is, I'm definitely voting for Obama no question.....There's three types of people in this world, the people that make things happen, the people that watch things happen, and the people that don't know what the f%^& just happened. Ron Paul supporters are in the last group.
@wiz9496 Actually, you know what I'd like to do? If there wouldn't be serious repercussions, I'd love to give out the numbers to a few of my co-workers that are market strategists for currency traders so the youtube cult of Ron Paul twits can call them up and talk about the gold standard, so they can laugh at them. I guarantee you it would be the funniest thing they'll hear all year.
@WallStwizkid Tell them to show up on Youtube Tuesday night and flame these RP cultists. That would be fun to see. I know I'm gonna rub it in to these crazy bastards. I read all your comments and agree with some of it, but I won't tell you which points because I don't want these bitches to use it against me.
@wiz9496 Like you said before, it doesn't matter where we disagree. In a perfect world, you and I could debate our differences in a mature and democratic fashion. This obviously isn't a perfect world, because we have a cult on our hands. This is why Ron Paul doesn't get much debate time. The only people that think Ron Paul is losing because of "fraud" are the people unaware that grown folks are working when pre school lets out, and do not have time to reign in on youtube "debates"
@wiz9496 Ron Paul is losing because he's a crackpot that woke up from a nap taken somewhere around the year 1848. I'd love to see these cult kooks start an uprising when he loses, so they can be detained and removed from civilized society.
@WallStwizkid I'm looking forward to seeing some police brutality when they lose. Four years ago they were a pathetic little group. Now they're a pathetic big group. It doesn't matter, they're no match for the cops.
@wiz9496 I think Ron Paul knows that the only states he had a chance in were Iowa and New Hampshire. His goal, like every third partier, is to be a kingmaker. He wants to get the other candidates to court his ideas and followers by embracing some of his views or at least giving them lip service. Do you think Bill Clinton would've cared about deficits if not for Ross Perot's 18% of the popular vote, his infomercials, and those strange charts he was constantly talking about?
@WallStwizkid Considering that I'm an American serving in Germany and Africa, I would hardly consider myself the typical Ron Paul supporter. I don't have the time or inclination to "occupy" anything, nor do I despise Israel. I think that as a society we've become too quick to look to military solutions for diplomatic and economic problems. There's no need to bomb Iran when we can bankrupt them just as easily. When you have a hammer, everything tends to look like a nail.
@TinyMcLarge I see you still haven't answered my question. Will Ron Paul have the most corrupt administration in history? I'm not going to answer any of your questions until you answer that question.
@TinyMcLarge I don't know if you're listening to panic profiting con artists with holdings in gold or what, but you're all demeanor is ridiculously exaggerated and is completely inconsistent with what's actually going on. Just chill out.
@WallStwizkid Don't be mistaken...there ARE gold con artists out there, but the price of gold has increased 10 out of the last 11 years...pull up the LONG TERM picture and see that gold increases in value when inflation or the threat of inflation is at its worst. Then again, when gold passed $1900 an oz this summer, all but the kookiest nuts sold some of their holdings, as it quickly collapsed back into the 1600s
@TinyMcLarge I can tell you firsthand, the financial markets currently have a very extended reach on the economy, and can often change the fundamental perception of the economy. It traditionally was not the case, the technical trading in the financial markets would more so get in line with the fundamentals, and we weren't seeing cases of static or dynamic disequilibrium. The whole concept of reflexivity was developed by George Soros.
@TinyMcLarge Keynes was a mathematician and developed his first piece "Employment, Interest, and Money" during the great depression, when open models based on classical methods had failed. Keynesian economic models have evolved since then, but all methods are based on the foundation he formed. I can tell you first hand, there's a lot of changes that took place since Ron Paul's methods were developed.
@WallStwizkid Those open models based on classical economics didn't fail. They've been proven right time and again over the long term. Markets crashing doesn't mean a breakdown of classical economics, it typically means a backlash from an overextension of credit, maybe even a liquidity crisis...the principles of scarcity apply to money the same as they apply to widgets.
@TinyMcLarge We don't teach supply side economics as the be all end all of an open model, most classical theories are taught for historical reference. The whole quantity theory of money is incomplete, that's what Ron Paul bases his position on. Anybody that knows the formula for the quantity of money knows why the variables aren't entirely accurate, it's strictly focused on supply side inflation as the be all end all of general price levels, and that's just not true.
@WallStwizkid "Supply-side" economics is just keynesian stimulus for the rich. The Keynesian concept of pumping money into the markets missed a few points; that stimulus loses its effect over time and takes more to be effective, and that governments don't have infinite money because bond markets won't permit it. Every time the market crashes someone thinks economics has failed. If we could predict market failures, the market would just crash sooner from everyone jumping ship.
@TinyMcLarge wouldn't have a chance to make it here. We were all immigrants at one point. If there's cheaper wages overseas, then let Capitalism work. Apple computers manufactures their products overseas and employs 49,000 Americans. Your whole sentiment is completely out of touch with the 21st century. I saw some other poster basically mention a few of the points I mentioned. I mentioned a lot of points but I did stress the outdated models taught in classical economics.
@TinyMcLarge The worst case of inflation occurred in Germany in 1923, which peaked at 2,500% in a month. That was the worst case of hyperinflation. A 2% target is on the downside of most industrial nations, and currently measuring slightly over 3% is beyond ridiculous to be running around the way you are. You also need to really work on your position in the global economy, because your attitude is not the spirit of America. If people thought like you, countless immigrants
@TinyMcLarge You have a really paranoid position on globalization. I read your messages earlier at work, and I don't know what else to tell you. Not only is no other country still on a gold standard, but we don't offer ANY convertibility to any assets for dollars, and the dollar is still the premier currency. Those panic profiting methods you're screaming about is just downright insane. I've made quite a few people money betting on Eurodollars, and dollar demand is strong.
@TinyMcLarge We can't let every country who wants a nuke have them. Iran is a dangerous country who believes that the 12th Imam is coming back to kill all of their enemies, but there has to be a time of tribulation first. I'm sure Israel has this Sampson option in case an anti-semitic administration takes over in America. Of course Israel is nervous about genocide, considering what happened in WWII.
@TinyMcLarge You didn't answer my question, again. Will Ron Paul's administration be the most corrupt one in history? Will he look the other way when his department secretaries do what they want? Are you an addict who wants to legalize drugs? I suppose you think it's fine that the Iranian government has a nuclear bomb? I'm trying to understand you RP supporters.
@TinyMcLarge So he's lazy and sloppy. He didn't know what was in the newsletters. Do we need that in a president? Will Ron Paul's administration be the most corrupt one in history? BTW I agree with you about Barack Obama- Big time racist.
@TinyMcLarge Did you read ANYTHING I wrote? Typical Ron Paul supporter, resort to name calling. Answer the question. Did Ron Paul have time to read the newsletters?
@wiz9496 Who honestly cares about his newsletters? If you find a politician that you can agree with 90% of the time...you should probably vote for them. His opinion is the first diverse one to arise on either side. Pure economic neoliberalism, social libertarianism, and a desire to spread democracy and god-given rights through trade and honest engagement with foreign countries.
@TinyMcLarge So you're saying he was lazy? It wouldn't take a lot of work to read them. I don't know about the Jewish woman, other to say, they had a mutual enemy in the IRS. They say politics makes strange bedfellows. Simply said, you haven't changed my mind.
So the first Question to Ron Paul is if he should stay in and is he going to go third Party? DAMN his Ass for asking this question!!! This is steering the public with a doubt and is bull Shit! Did he ask this kind of question of the others. No! This is manipulating your mind. Don't buy into this crap. It is typical when someone that is a threat to the Crony elites they try to keep that person down. This a so disgusting. Do they ever ask if Paul gets in would they support him? 3rd party? NO! WTF!
@TinyMcLarge I think if you grasped the capitalization and discount values of money along with future values of investments, you wouldn't feel so threatened by inflation. Eventually you'd see the significance and positive impacts the current system has on the economy. The financial markets are pretty significant, and can even alter the fundamental perception of the economy, based on the concept of reflexivity. You're not helpless against the system the way you're portraying it.
@TinyMcLarge I'll illustrate an example in valuating a future value of an investment- compounded-dollars earning interest, re-invested each month. 4 year investment, $20,000 earning 8.5% a year=FV=20,000(1+.085/12)^(12)(4)= $28,065.30 FV. Notice,considerably more than simple interest, off an 8.5% yield compounded to a return of about 40% in simple interest. That's a really basic formula, I can do valuations in my sleep.
@TinyMcLarge Banks yield interest based on time and the availability of the funds. It's not robbery. It certainly isn't slavery. Earnings are compounded as well, so if a portfolio returns 25% annually it's eventually going to take exponential form. These methods have been developed a long time ago. Even Einstein referred to compounded earnings and interest as "the 8th wonder of the world."
@TinyMcLarge If you had a choice between accepting $100 dollars a year from now or today, you'd choose today. If savings accounts offered a steady yield of 5%, you'd either have to accept $100 dollars today or $105 a year from now. Capital is either re-invested or it's not available to lend. Inflation is another component in valuations. Interest is compounded on different components and it leads to true price discovery.
@TinyMcLarge Money as debt is not some new concept here, it's been a method since the middle ages. How would you enforce a rational pricing system starting from capital goods without a credit system? You're going to transfer capital goods as objects with no value? There's no price discovery.
@TinyMcLarge That doesn't paint a flattering picture. Now factor in 80 years later when we entered the greatest economic expansion that's ever occurred. You can't keep the CPI index flat, there wouldn't be any growth. You're portraying a one dimensional view on economics.
@TinyMcLarge Okay, for the fourth time on this topic also, you're not factoring in wages. When inflation is anticipated workers enter labor contracts which balance a rise in prices, and banks adjust rates. The value of homes and other assets increase as well. You can't just single out inflation and not make the necessary adjustments. That's like saying there's a 1,992% increase in inflation since the Federal Reserve system was established (that's in simple interest at 3.6ish% compounded)
@TinyMcLarge Social security? lol Again, I said this already. COLA (cost of living adjustments) are not included in the CPI index, which measures inflation, because real estate is considered an investment. However they are included in social security adjustments.
@TinyMcLarge lol I said this like four times at least...there is always aim to spend more on imports during inflation, because it provides price competition and prevents inflation rates from rising further. Trade deficits help expansions and hurt contractions.
@TinyMcLarge Your last post is a bit extreme. I've met plenty of outstanding people on Wall St. that do not fit your portrayal. My father has been in banking on Wall St. well before I got into finance, in fact, before I was even born. You can't portray the whole industry based off Goldman Sachs, that's ridiculous. The overwhelming majority of Wall St. were against the bailouts.
@TinyMcLarge The components of GDP are also flawed by nature, and can often be inaccurate in it's reflection on the economy. That's a whole other essay that I don't feel like typing now. Another aspect you're forgetting is wages, which is key in balancing rising prices. It's unanimous among mainstream economists that sometimes no inflation or deflation is worse than high inflation.
@TinyMcLarge yes, but others would argue that while the value of the currency diminishes, it'll be compensated by the boost in exports, so eventually people will benefit from it. I'm not sure if it'd work out that way, I worry about those who already had little ending up with effectively nothing. Devaluating people's savings is not a nice thing to do.
@britoca Foreign markets always get more competitive when a currency devalues, and that's why net exporters like Germany did very well with a weak Euro, and performed better than all other EU members. The real focus though is to increase spending on imports, because it provides price competition beyond domestic supply and prevents inflation rates from rising further. There's numerous examples of long term stimulation that was achieved from short term devaluing.
@TinyMcLarge Well there was low transportation costs, which lead to a supply glut in connected industries, whereas conventional trades actually saw no deflation and were unaffected. Overall the money supply expanded 2.6% per year throughout the decade and there was a structural deflation prevalent, as well as a string of bank failures, and stock market panics. This is another example of economic woes even with rises in GDP, going back to my assertion that economics is not one dimensional.
@TinyMcLarge Standardizing the value of money with gold makes no sense. I already told you gold has lost most of it's real value, and you're looking at nominal gold prices which reflects other factors outside of intrinsic value. The CPI takes baskets of commodities, not just gold. It doesn't make sense. Banks don't even hold enough gold to handle a bank run, after they hedge it's all divested. Investors see gold as they see treasuries, a low risk asset and a safe haven.
@TinyMcLarge Money is a negotiable IOU. It's a debt for the buyer and a credit for the seller. That's all it is. Inflation is measured through the CPI index which takes baskets of commodities, goods and services. The only adjustments you need to make would be for the cost of living adjustments, because real estate is looked at as an investment and not measured in the CPI. I already compounded a 3% inflation rate for 31 years and it comes out to median home values currently. 3% is a healthy rate.
@TinyMcLarge That's not what we're doing. The gov. is entitled to taxes, and likewise can issue debt the same way any corporation does. Money is backed by the securities issued and uses those entitlements as collateral. That is what credits bank reserves. You don't need to back a currency with anything, no country does that. What gives the dollar value is the fact that the gov. accepts it for income taxes. Even people that don't pay taxes need to buy items from people that do.
@TinyMcLarge What about the depression in the 1870s? The money supply expanded by 2.6% per year yet there was structural deflation and declining wages throughout the decade. You're only looking at one root cause. The facts are, we tried your method and it lead to financial panics and the greatest depression in modern day. The current system lead to the greatest economic expansion in modern day. I notice how you guys love talking about money as if we print it every day.
@TinyMcLarge You just don't get it, the money had value because we were in a depression. Asset values crashed, and if you couple that with the enormous gains from industrialization, markets were oversupplied which leads to high unemployment. Like I said, the world is still on a dollar standard, and the type of valuation you're talking about would diminish demand for our exports, since foreign markets would be less competitive.
@TinyMcLarge Current policy seeks an appropriate balance that can address the challenges we face, whether we hide from it or not. If wars do occur as a result of globalization, they will be nothing in comparison to what we could face in a mad rush for the survival of our nation. You have no idea how suppressed we are, mankind has the capability to control the weather, or build cities on the sea. Instead, our planet controls us and we rely on coal and oil and dead plants.
@TinyMcLarge I don't want war. Did you even read my posts? It was quite the opposite. Simply put, my point was based on the harsh truth of what has happened time and again. You think we can live in isolation from the world and prop up a currency that will either lead to over-consumption or a complete slow down of economic activity. Anytime a country exhausted themselves, they set out on military campaigns. I'm trying avoid that.
@TinyMcLarge Every other world class empire eventually faced the same problem, and they all went on military campaigns as an attempt to plunder emerging powers, and they all failed. While I'm still talking in terms of 20 years or so, the time to address this issue is now.
@TinyMcLarge This is what we're seeing in the rise of the BRICs economies, and what we're seeing as emerging markets raise import quotas. The days of cheap food are over. In 20 years or so, we could say the most dramatic economic realignment ever as G20 nations run dry. If we don't expand the U.S. and link the global economy closer, through globalization, we're going to either be forced into degrading our standard of living dramatically, or do what every other empire did..
@TinyMcLarge The flaw in any economic model is that it does not measure supplies in finite terms. I was one of the first ones to disagree with analysts when they attempted to forecast a commodity bubble. I immediately said, I disagree that we're witnessing the progression of an asset bubble. Commodities is the fastest growing asset class, and when it comes to commodity and food prices, they're going to continue rising till they discover their relevance vs. consumption.
@TinyMcLarge If you're really concerned for the future, you should really look into issues that are of utmost importance, yet nobody addresses it. Let's say we expand the money supply, and there's a trade deficit. That actually helps expansions and prevents inflation rates from rising further, because increased spending on imports provided price competition beyond domestic supply. What you're focused on is not the root cause to what we should be addressing early. Here's the flaw-
@TinyMcLarge I said a gradual decline in the dollar, not a total collapse of the dollar. The value of a currency and economic stability is shown on the long term maturity end of the yield curve. On a normal yield curve interest rates should be lower in the short term and higher in long term maturities. Short term maturities show day to day demand for capital.
@TinyMcLarge Do you even own a business dude? If everybody saved money, you'd go out of business. You have no idea what you're talking about. I'm obviously wasting my time trying to explain.
@TinyMcLarge You just don't get it, and I'm wasting my time. Most inflation is demand-pull inflation, and that always happens in a growing economy. You don't want prices to continue to decline, I can't say it in terms as simple as that. The housing bubble was caused by real estate speculation, because GMAC allowed easy credit variable rate loans, and speculators assumed next to zero risk in real estate. The only deflation risks in current policy come from speculative asset bubbles.
@TinyMcLarge The Federal Reserve hasn't eased money into the economy since the summer, and is not going to as we continue to see progress in the economic recovery. Injections of money will reverse any deflation, and without fiat control we'd be in a depression right now. The financial crisis was not a natural event. GMAC and the SEC are more to blame than the Fed. There's nothing wrong with the system, as long as they stop allowing exemptions to big banks from current policy.
@TinyMcLarge Furthermore, Ron Paul uses the old CPI to calculate inflation, it's a little over 3% which is tiny. We're actually trying to get it down to 2%, and most industrialized countries aim for a 2-3% increase in annual inflation. If there's no inflation there's no growth. Economists have replaced money supply with money demand, and I noticed all these libertarians on youtube refer to monetary inflation as the root, because they don't know what they're talking about.
@TinyMcLarge Inflation is a tax to people that do nothing, and do not find balance with rising prices. If you were a farmer however, inflation is not an enemy, it provides nominal rate reduction on debt and higher outputs. If you're a young couple starting out in life and you're trying to finance a home, it provides lower financing costs. If you're a 20 year old kid selling drugs, then it's a tax. Who are we going to put first here? I think Ron Paul knows who his fan base is.
@TinyMcLarge If there's no borrowing, it causes a liquidity trap. Even at zero percent and 2% annual deflation, you're paying a loan down with money that's worth more the following year. Any avenue you look, there's too much risk in credit deflation and fixed exchanges like gold. Economics is not one dimensional. Goldman Sachs however should've failed, I did not support the bailouts. Blame the SEC for voting for the exemptions that lead to the excesses on Wall St, not the Fed.
@TinyMcLarge You don't seem to understand that high production costs, such as high interest rate environments, and low prices cause businesses to fail. It makes no economic sense to gradually value a currency and fix debt at higher rates. Credit deflation is basically what you're supporting, and that's not even considered by any mainstream economists, because it's ridiculous. Even lenders who typically benefit from deflation will hoard if it's preferred to lending.
@TinyMcLarge The whole European banking system uses the dollar as it's reserve currency, the petrodollars market is strong, and no nation still uses a gold standard. It makes no sense in the 21st century to even consider it, economics has evolved well beyond the 19th century, which is where libertarian methods come from.
@TinyMcLarge There's also the possibility of a supply glut. Think about financing a house with fixed debt, as the value of your assets decline..it's economic insanity. Even if a glut develops, banks don't really collect on nonperforming loans, because if they sell assets, it further gluts supply. Either way, they have to restrict credit, because they have no money to lend. You don't need to back a currency with anything. The world is still on a dollar standard.
@TinyMcLarge If you had the opposite policy, which would be a gradual increase in the value of the dollar, a concept such as cash hoarding comes into play. Prices continue to decline, people hold off on purchases, and economic activity slows down. If it slows down to a spiral condition, you have a recession, and if the central bank has credit restrictions (which is what fixed exchanges force), well those are the same factors that lead to a depression.
@TinyMcLarge You actually want a gradual decline in the dollar, because just about every nation, including China, is getting into the inflation race. Right now our target is to disinflate after periods of growth. Deflation is NOT a good thing, especially in an economy that needs to feed over 330 million people, production costs need to be kept down, and prices need to eventually rise so producers can make a profit.
@TinyMcLarge It's extremely unstable, even when gold had more value in the 19th century, there was boom and bust economic cycles. Not to mention currency trading is big business, and they don't even trade paper cash in forex and futures, it's all electronic. If you re-price gold at ridiculous levels to back M2, it'll end current applications in the metal. Gold is a luxury item, which is very elastic to demand. Even gold in electronics is dying, as they look for cheaper conductors
@TinyMcLarge Because the most gold that's ever been mined is 142,000 metric tons. That's not even enough to back the M2 money supply. Furthermore, look at a chart showing historical inflation and deflation rates in the U.S., and look how turbulent economic cycles were start from the great depression era and beyond. Gold in the 21st century is losing value, and nominal gold prices reflect risk management demand by banks, which it's then divested. That's not intrinsic value.
Wow Newt Gingrich, you're a sell out wimp. A gold commission!? Give me a break, anybody that's ever taken macroeconomics at even a 101 level knows what a joke it is to mention gold. I can't believe you're selling out to a bunch of 19 year old pot heads that support Ron Paul. I'm voting for Obama.
Id like to address that obama started wars with Libya and Yemen and expanded the military operations in Pakistan + all things he promised didn't happen and you still wanna vote for him.
@SymbiotCSS It's "than you", not "then you." I don't think you have any place critiquing military decisions he's made based on information you're not entitled to. If I were you I'd work on matters a lot less complex. You can start with learning how to spell.
hmmmm, why not ask all four of them why we have so fewer jobs now than we did 15-20 yrs ago..? why not ask how long they can expect to expend people like one would expend an additional 25 cents for extra onions..? NAFTA costed expenditures and if you're out of work you my friend are one of them.. an expenditure.. to expend = to delete, to use up, to render useless.. words and people folks, that all we have..
@wiz9496 ever notice how everyone who comments says "learn YOUR history" or "wake up, sheeple!"....yeah these are probably the people I'm most ashamed of sharing a candidate with. Except for the old people from Florida who couldn't figure a ballot out in 2000
I can't get over the blatant disrespect that Ron Paul is getting. I don't even agree with him on about 70% of his message. Look, I am a liberal, I understand what conservatives think of me, and I don't care. What I do care about is when a candidate who is as strong and is strikingly intellegent as Ron Paul, is forced to wait 13:00 min and is then crudely insulted by a man who up to this point I respected. As far as I am concerned pt. 1 of this debate is uselss and should be ignored.
What the heck.. There is no way that Ron Paul would back Gingrich.. What if Ron Paul should run with Romney as Vice.Maybe not!
If Mitt wants to win he has got to get some fire in his belly..Would say I will never apologize for working hard and growing my family.. I think he should be ready for this one ..I did not really like Romney but he is looking better and better,, If he gets some fire he might just win it over..Interesting Santorum makes a good point and they need to learn there lesson
What the heck.. There is no way that Ron Paul would back Gingrich.. What if Ron Paul should run with Romney as Vice.Maybe not!
If Mitt wants to win he has got to get some fire in his belly... I would say I will never apologize for working hard and growing my family.. I think he should be ready for this one .. I did not really like Romney but he is looking better and better,, If he gets some fire he might just win it over..Interesting
Ask yourselves why they would ask Ron Paul if he would run as an independent? Could it be that by doing so it would take votes away from Barack Obama? The republican party is snake of eden, and even Ron Paul can submit to it's will. (Gingrich endorsement??)
mitt will eliminate taxes on savings for middle class...... wow... thanks mitt for exempting us from taxes on the 0.5 % interest we get from the banks, thanks to FEDs who control the interest.
why mitt won't propose 15% income tax for middle class, the percent he pays on his millions he makes every year.
while they want less taxes for themselves.... because they "invest", they want more taxes from us to support the wars they can't wait to take us on again.
Romney "didn't inherit?" Disingenuous. His father was multimillionaire George Romney, CEO of American Motors, Governor of Michigan back when Detroit ruled, and Republican presidential candidate in 1964. This would make Mitt a prince in a royal family, no?
0% tax on capital gains would create a boom in the stock market, but the stock market has already recovered. A booming stock market does not necessarily create jobs. It's working people out of work who need these fast-talking motherfuckers in government to do something for them. None of these cold, cold bastards has any interest in that.
@funboy7979 A booming stock market is a booming capital market. Capital markets are the reason good ideas can secure long-term funding in America, and why credit exists. By removing tax incentives placed on corporations, you ensure they use their capital in the manner most likely to generate returns, not what will help to avoid taxes. Acting in genuine self-interest for the company is what is prescribed by capitalism. For a refreshing look, see "The Paradox of Corporate Taxes" in the NYT.
Lol how out of touch is Mitt Romney? He's gonna eliminate taxes on dividends, interest and capital gains for those making less than 200k? This would be negligible. These people are just not involved in the same financial arena that he is. People who make less than 200k a year have 401k's that have gone to shit. They have IRA's that are tax deferred anyway. They have annuities with like 10k in them. They don't need the tax break because it wouldn't make a difference.
@wiz9496 im sick of you people thinking he wrote that letter. HE DIDNT WRITE THAT SHIT. he only wrote the BUSINESS SECTION of those newsletter. google is your friend. do some fuckin research on the topic instead of just believing everything the media tells you.
@LobsterPotsticker That's called "Lip Service". Face it, he had a newsletter that included racist remarks. Whether he knew about the racism, or not, he was asleep at the switch. We need a president who'll pay attention, not Ron Paul. If he's president, he'll have the most corrupt administration ever.
@LobsterPotsticker I don't have a newsletter so it's not my responsibility to make sure it has no racist remarks in it. I'm actually more concerned about his vow to legalize drugs.
@LobsterPotsticker You're dreaming if you think they'll legalize drugs. Another crazy promise from Ron Paul, just like changing the income tax rate to 0%. You spelled "marijuana" wrong, loser. I don't see how the drug war is racist. Nobody's making minorities take drugs.
@wiz9496 as if misspelling a word in any way delegitimizes your point. random ad hominem spotlighting yourself as an intellectual lightweight. The majority of Americans want it legalized. It used to e legal for most of USA history.
Not a fairytale.
Actually study it before you call it nonracist. ignorance is no excuse
@LobsterPotsticker But the Congress made them ILLEGAL, and it's very unlikely they'll reverse their actions. Ron Paul is promising something he has no power over. He cannot unilaterally legalize them, unless he becomes an emperor. Last time I checked, that's not the case.
As for your other comment: There are two kinds of drugs- Pharmaceutical and illegal. If you don't know the difference between them, you're probably taken too many of them.
@wiz9496 illegal and legal are not intrinsically different. One are not allowed, and the other are allowed. Both legal and illigal drugs can be DEADLY or harmless.
If you don't know that, then you've taken too many lead pills.
@wiz9496 Yeah he did spell that wrong. He also said "smarter then the average dumb f^&%". If the average dumb f%^$ doesn't know the difference between "then" and "than", the dumb f%^$ he's referring to must be mentally retarded. Speaking of retards, I can't wait to see these Ron Paul fans go ballistic when he loses.
@WallStwizkid If you're not doing anything now, a bunch of us are flaming some RP supporters on a video called, "GOP plotting to oust Ron Paul?" We could use some help.
@wiz9496 If you guys are bashing Paul supporters, I have a live one for you. Some twerp is going around flooding videos with baseless slander, and insulting people for no reason other than the fact they don't support Ron Paul, calling them "bitches", and other childish remarks. He needs an attitude adjustment. I'm up for it if you are.
RON PAUL 2012 FROM CANADA!!!!
TheOliminator 2 weeks ago
Ron Paul Fans:
facebook.com/events/201149426649850/
Thats an open event to write him in on election day. Join up!
ThePatryn0 3 weeks ago
RON RAUL IS THE FUCKING MAN
513bam 3 weeks ago
If you voted or are going to vote for romney gingrich or santorum take your ass down to a recruiting station sign up and request to be put on the frontline to die first before the rest of us
HAPPYJACKEL 3 weeks ago
penis
JamesBerg86 3 weeks ago
guys please, if Ron Paul wins, everybody wins. If anyone else wins the nomination, everyone loses
Jonathann1818 3 weeks ago
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@TinyMcLarge Jews very safe? You must've missed 2006...the Second Lebanon War...the one Hezbollah started with 5000 Iranian rockets, which killed or injured over 2100 civilians in a country with half the population of NYC.
nickburnin8 3 weeks ago
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@TinyMcLarge Why stop Israel? I get that your hatred for Jews is intense, but they're really our closest allies in the Middle East. That's including the Blackbird they shot at and the ship they sank. We don't have to fight for them or even give them weapons, we just have to stand up for them at the UN...seems like a no-brainer
nickburnin8 3 weeks ago
A little off topic but, don't ever watch figure skating. Besides being unbelievably gay, it's a little disturbing to hear a male announcer refer to a 14 year old girl as being "so tiny, so young." This is just weird.
WallStwizkid 3 weeks ago
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Check out my breakdown video of the debate and comment on who you think won!
AdamMorgan360 3 weeks ago
"enthusiastic" aint the word bro.
TheAngryarchangel 3 weeks ago
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Two vital steps to prosperity and happiness for humanity.
End the Fed and the usury system.
End the corporate Zionist poisonous media.
This alone eliminates 99% of all the problems.
All the mainstream media today is just Israeli Zionist propaganda.
Nothing but lies, deception, perversion, immorality, and incitement
To wars and atrocities for their profit and benefit.
cupani10 3 weeks ago
@TinyMcLarge It's clear I can't talk to you because you're a brainwashed cult member. Have fun drinking your Kool-Aid.
wiz9496 3 weeks ago
@wiz9496 You just made a really frustrating mistake. Did you actually think you'd be able to talk to a Ron Paul supporter? That's like attempting to convince a radical islamic terrorist of the fact that he won't be receiving 70 virgins after he blows himself up. They're a cult. Cults aren't open for discussion. When they talk about economics, they're fair game. When it comes to convincing them imaginary tyranny, the boogie man in their closet, isn't real, it's not going to happen.
WallStwizkid 3 weeks ago
@WallStwizkid Actually, this is the most fun I've had in years. I come in, start discussing RP in a civil manner, they lose the argument, and start calling me names. I tell them RP is a racist, anti-semite, and he's weak when it comes to the military, and they lose it. I'll be flaming them Tuesday night when he loses big time. It's gonna be a helluva time. He won't take a single state. I know you're an Obama guy, but it's great that we can have something in common- hating RP followers.
wiz9496 3 weeks ago
@wiz9496 I'm actually torn, I don't know who I'm going to vote for. This is my dilemma, maybe we can have an actual normal conversation here. On one hand, I really like Mr. Gingrich's positions on almost every issue. I'm constantly trying to promote mathematics and the sciences in my spare time, as well as spreading awareness that we need to start taking planetary initiatives. I was pretty impressed when Newt laid out his plan for NASA's budget with 10% in prize money.
WallStwizkid 3 weeks ago
@wiz9496 Used as a motivational award to encourage studies in math and sciences and eventually participating in a move to expand our space program. I know some people would laugh but, he promised a U.S. colony on the moon by the end of his second term (obviously assuming he'll be elected twice.) I also agree with his foreign policy. My problem is, working within the financial markets, I'm really disappointed that he's selling out to steal Ron Paul votes by offering a "gold commission."
WallStwizkid 3 weeks ago
@wiz9496 I sincerely hope he's joking about the gold commission, or that he's just playing politics, because that's laughable. I got so sick of trying to explain to the Ron Paul zombies why talking about gold in 2012 is ridiculous. They just don't want to be open. I guarantee you I'll get a message on here from one of these twits mouthing off about gold. I should just post all their messages up somewhere with my responses, because they all say the same thing. Another thing I was..
WallStwizkid 3 weeks ago
@wiz9496 Another thing I was annoyed about is, he's playing politics with the Federal Reserve. People outside the industry don't really understand what lead up to and caused the financial crisis, so they're on an anti-Fed wagon lead by a gynecologist that reads 19th century economics books. Chairman Bernanke navigated supply side easing policy through a recession, I hope Newt was playing politics when he said he thinks he should be fired immediately.
WallStwizkid 3 weeks ago
@wiz9496 On the other hand, we need to get Geithner out of the treasury, and Goldman Sachs needs to be knocked down a peg or two, to say the least. Most of us look at them as illegitimate. I understand that Geithner had to look out for his buddies there, I would've done the same thing, but it's the law of the jungle now and they're screwing things up. He needs to go. Chairman Bernanke is basically sitting in between the top member bank and a very biased Secretary in the Treasury.
WallStwizkid 3 weeks ago
@wiz9496 That said, there's a lot of issues I like President Obama on as well. I highly doubt Ron Paul would ever be nominated let alone run, but if the Twilight Zone arrives and he is, I'm definitely voting for Obama no question.....There's three types of people in this world, the people that make things happen, the people that watch things happen, and the people that don't know what the f%^& just happened. Ron Paul supporters are in the last group.
WallStwizkid 3 weeks ago
@wiz9496 Actually, you know what I'd like to do? If there wouldn't be serious repercussions, I'd love to give out the numbers to a few of my co-workers that are market strategists for currency traders so the youtube cult of Ron Paul twits can call them up and talk about the gold standard, so they can laugh at them. I guarantee you it would be the funniest thing they'll hear all year.
WallStwizkid 3 weeks ago
@WallStwizkid Tell them to show up on Youtube Tuesday night and flame these RP cultists. That would be fun to see. I know I'm gonna rub it in to these crazy bastards. I read all your comments and agree with some of it, but I won't tell you which points because I don't want these bitches to use it against me.
wiz9496 3 weeks ago
@wiz9496 Like you said before, it doesn't matter where we disagree. In a perfect world, you and I could debate our differences in a mature and democratic fashion. This obviously isn't a perfect world, because we have a cult on our hands. This is why Ron Paul doesn't get much debate time. The only people that think Ron Paul is losing because of "fraud" are the people unaware that grown folks are working when pre school lets out, and do not have time to reign in on youtube "debates"
WallStwizkid 3 weeks ago
@wiz9496 Ron Paul is losing because he's a crackpot that woke up from a nap taken somewhere around the year 1848. I'd love to see these cult kooks start an uprising when he loses, so they can be detained and removed from civilized society.
WallStwizkid 3 weeks ago
@WallStwizkid I'm looking forward to seeing some police brutality when they lose. Four years ago they were a pathetic little group. Now they're a pathetic big group. It doesn't matter, they're no match for the cops.
wiz9496 3 weeks ago
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@wiz9496 I think Ron Paul knows that the only states he had a chance in were Iowa and New Hampshire. His goal, like every third partier, is to be a kingmaker. He wants to get the other candidates to court his ideas and followers by embracing some of his views or at least giving them lip service. Do you think Bill Clinton would've cared about deficits if not for Ross Perot's 18% of the popular vote, his infomercials, and those strange charts he was constantly talking about?
nickburnin8 3 weeks ago
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@WallStwizkid Considering that I'm an American serving in Germany and Africa, I would hardly consider myself the typical Ron Paul supporter. I don't have the time or inclination to "occupy" anything, nor do I despise Israel. I think that as a society we've become too quick to look to military solutions for diplomatic and economic problems. There's no need to bomb Iran when we can bankrupt them just as easily. When you have a hammer, everything tends to look like a nail.
nickburnin8 3 weeks ago
@TinyMcLarge I see you still haven't answered my question. Will Ron Paul have the most corrupt administration in history? I'm not going to answer any of your questions until you answer that question.
wiz9496 3 weeks ago
@TinyMcLarge I don't know if you're listening to panic profiting con artists with holdings in gold or what, but you're all demeanor is ridiculously exaggerated and is completely inconsistent with what's actually going on. Just chill out.
WallStwizkid 3 weeks ago
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@WallStwizkid Don't be mistaken...there ARE gold con artists out there, but the price of gold has increased 10 out of the last 11 years...pull up the LONG TERM picture and see that gold increases in value when inflation or the threat of inflation is at its worst. Then again, when gold passed $1900 an oz this summer, all but the kookiest nuts sold some of their holdings, as it quickly collapsed back into the 1600s
nickburnin8 3 weeks ago
@TinyMcLarge I can tell you firsthand, the financial markets currently have a very extended reach on the economy, and can often change the fundamental perception of the economy. It traditionally was not the case, the technical trading in the financial markets would more so get in line with the fundamentals, and we weren't seeing cases of static or dynamic disequilibrium. The whole concept of reflexivity was developed by George Soros.
WallStwizkid 3 weeks ago
@TinyMcLarge Keynes was a mathematician and developed his first piece "Employment, Interest, and Money" during the great depression, when open models based on classical methods had failed. Keynesian economic models have evolved since then, but all methods are based on the foundation he formed. I can tell you first hand, there's a lot of changes that took place since Ron Paul's methods were developed.
WallStwizkid 3 weeks ago
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@WallStwizkid Those open models based on classical economics didn't fail. They've been proven right time and again over the long term. Markets crashing doesn't mean a breakdown of classical economics, it typically means a backlash from an overextension of credit, maybe even a liquidity crisis...the principles of scarcity apply to money the same as they apply to widgets.
nickburnin8 3 weeks ago
@TinyMcLarge We don't teach supply side economics as the be all end all of an open model, most classical theories are taught for historical reference. The whole quantity theory of money is incomplete, that's what Ron Paul bases his position on. Anybody that knows the formula for the quantity of money knows why the variables aren't entirely accurate, it's strictly focused on supply side inflation as the be all end all of general price levels, and that's just not true.
WallStwizkid 3 weeks ago
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@WallStwizkid "Supply-side" economics is just keynesian stimulus for the rich. The Keynesian concept of pumping money into the markets missed a few points; that stimulus loses its effect over time and takes more to be effective, and that governments don't have infinite money because bond markets won't permit it. Every time the market crashes someone thinks economics has failed. If we could predict market failures, the market would just crash sooner from everyone jumping ship.
nickburnin8 3 weeks ago
@TinyMcLarge wouldn't have a chance to make it here. We were all immigrants at one point. If there's cheaper wages overseas, then let Capitalism work. Apple computers manufactures their products overseas and employs 49,000 Americans. Your whole sentiment is completely out of touch with the 21st century. I saw some other poster basically mention a few of the points I mentioned. I mentioned a lot of points but I did stress the outdated models taught in classical economics.
WallStwizkid 3 weeks ago
@TinyMcLarge The worst case of inflation occurred in Germany in 1923, which peaked at 2,500% in a month. That was the worst case of hyperinflation. A 2% target is on the downside of most industrial nations, and currently measuring slightly over 3% is beyond ridiculous to be running around the way you are. You also need to really work on your position in the global economy, because your attitude is not the spirit of America. If people thought like you, countless immigrants
WallStwizkid 3 weeks ago
@TinyMcLarge You have a really paranoid position on globalization. I read your messages earlier at work, and I don't know what else to tell you. Not only is no other country still on a gold standard, but we don't offer ANY convertibility to any assets for dollars, and the dollar is still the premier currency. Those panic profiting methods you're screaming about is just downright insane. I've made quite a few people money betting on Eurodollars, and dollar demand is strong.
WallStwizkid 3 weeks ago
I'm going Kanye this time. Lets just face it, Obama hates us Jews.
cstewart7581 3 weeks ago
@TinyMcLarge We can't let every country who wants a nuke have them. Iran is a dangerous country who believes that the 12th Imam is coming back to kill all of their enemies, but there has to be a time of tribulation first. I'm sure Israel has this Sampson option in case an anti-semitic administration takes over in America. Of course Israel is nervous about genocide, considering what happened in WWII.
wiz9496 3 weeks ago
@TinyMcLarge You didn't answer my question, again. Will Ron Paul's administration be the most corrupt one in history? Will he look the other way when his department secretaries do what they want? Are you an addict who wants to legalize drugs? I suppose you think it's fine that the Iranian government has a nuclear bomb? I'm trying to understand you RP supporters.
wiz9496 3 weeks ago
@TinyMcLarge, that too.
dnno1 3 weeks ago
@TinyMcLarge So he's lazy and sloppy. He didn't know what was in the newsletters. Do we need that in a president? Will Ron Paul's administration be the most corrupt one in history? BTW I agree with you about Barack Obama- Big time racist.
wiz9496 3 weeks ago
@TinyMcLarge Did you read ANYTHING I wrote? Typical Ron Paul supporter, resort to name calling. Answer the question. Did Ron Paul have time to read the newsletters?
wiz9496 3 weeks ago
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@wiz9496 Who honestly cares about his newsletters? If you find a politician that you can agree with 90% of the time...you should probably vote for them. His opinion is the first diverse one to arise on either side. Pure economic neoliberalism, social libertarianism, and a desire to spread democracy and god-given rights through trade and honest engagement with foreign countries.
nickburnin8 3 weeks ago
@nickburnin8 Your buddies spammed you for admitting he's a racist. How does that make you feel?
wiz9496 3 weeks ago
@TinyMcLarge So you're saying he was lazy? It wouldn't take a lot of work to read them. I don't know about the Jewish woman, other to say, they had a mutual enemy in the IRS. They say politics makes strange bedfellows. Simply said, you haven't changed my mind.
wiz9496 3 weeks ago
So the first Question to Ron Paul is if he should stay in and is he going to go third Party? DAMN his Ass for asking this question!!! This is steering the public with a doubt and is bull Shit! Did he ask this kind of question of the others. No! This is manipulating your mind. Don't buy into this crap. It is typical when someone that is a threat to the Crony elites they try to keep that person down. This a so disgusting. Do they ever ask if Paul gets in would they support him? 3rd party? NO! WTF!
natrllifter 3 weeks ago in playlist florida 2012 debate
@TinyMcLarge I think if you grasped the capitalization and discount values of money along with future values of investments, you wouldn't feel so threatened by inflation. Eventually you'd see the significance and positive impacts the current system has on the economy. The financial markets are pretty significant, and can even alter the fundamental perception of the economy, based on the concept of reflexivity. You're not helpless against the system the way you're portraying it.
WallStwizkid 3 weeks ago
@TinyMcLarge I'll illustrate an example in valuating a future value of an investment- compounded-dollars earning interest, re-invested each month. 4 year investment, $20,000 earning 8.5% a year=FV=20,000(1+.085/12)^(12)(4)= $28,065.30 FV. Notice,considerably more than simple interest, off an 8.5% yield compounded to a return of about 40% in simple interest. That's a really basic formula, I can do valuations in my sleep.
WallStwizkid 3 weeks ago
@TinyMcLarge Banks yield interest based on time and the availability of the funds. It's not robbery. It certainly isn't slavery. Earnings are compounded as well, so if a portfolio returns 25% annually it's eventually going to take exponential form. These methods have been developed a long time ago. Even Einstein referred to compounded earnings and interest as "the 8th wonder of the world."
WallStwizkid 3 weeks ago
@TinyMcLarge If you had a choice between accepting $100 dollars a year from now or today, you'd choose today. If savings accounts offered a steady yield of 5%, you'd either have to accept $100 dollars today or $105 a year from now. Capital is either re-invested or it's not available to lend. Inflation is another component in valuations. Interest is compounded on different components and it leads to true price discovery.
WallStwizkid 3 weeks ago
@TinyMcLarge Money as debt is not some new concept here, it's been a method since the middle ages. How would you enforce a rational pricing system starting from capital goods without a credit system? You're going to transfer capital goods as objects with no value? There's no price discovery.
WallStwizkid 3 weeks ago
@TinyMcLarge That doesn't paint a flattering picture. Now factor in 80 years later when we entered the greatest economic expansion that's ever occurred. You can't keep the CPI index flat, there wouldn't be any growth. You're portraying a one dimensional view on economics.
WallStwizkid 3 weeks ago
@TinyMcLarge Okay, for the fourth time on this topic also, you're not factoring in wages. When inflation is anticipated workers enter labor contracts which balance a rise in prices, and banks adjust rates. The value of homes and other assets increase as well. You can't just single out inflation and not make the necessary adjustments. That's like saying there's a 1,992% increase in inflation since the Federal Reserve system was established (that's in simple interest at 3.6ish% compounded)
WallStwizkid 3 weeks ago
@TinyMcLarge Social security? lol Again, I said this already. COLA (cost of living adjustments) are not included in the CPI index, which measures inflation, because real estate is considered an investment. However they are included in social security adjustments.
WallStwizkid 3 weeks ago
I cant stop laughing at Romeny.....its too funny!!!
myohmywalker 3 weeks ago
@TinyMcLarge lol I said this like four times at least...there is always aim to spend more on imports during inflation, because it provides price competition and prevents inflation rates from rising further. Trade deficits help expansions and hurt contractions.
WallStwizkid 3 weeks ago
@TinyMcLarge Your last post is a bit extreme. I've met plenty of outstanding people on Wall St. that do not fit your portrayal. My father has been in banking on Wall St. well before I got into finance, in fact, before I was even born. You can't portray the whole industry based off Goldman Sachs, that's ridiculous. The overwhelming majority of Wall St. were against the bailouts.
WallStwizkid 3 weeks ago
@TinyMcLarge The components of GDP are also flawed by nature, and can often be inaccurate in it's reflection on the economy. That's a whole other essay that I don't feel like typing now. Another aspect you're forgetting is wages, which is key in balancing rising prices. It's unanimous among mainstream economists that sometimes no inflation or deflation is worse than high inflation.
WallStwizkid 3 weeks ago
@TinyMcLarge yes, but others would argue that while the value of the currency diminishes, it'll be compensated by the boost in exports, so eventually people will benefit from it. I'm not sure if it'd work out that way, I worry about those who already had little ending up with effectively nothing. Devaluating people's savings is not a nice thing to do.
britoca 3 weeks ago
@britoca Foreign markets always get more competitive when a currency devalues, and that's why net exporters like Germany did very well with a weak Euro, and performed better than all other EU members. The real focus though is to increase spending on imports, because it provides price competition beyond domestic supply and prevents inflation rates from rising further. There's numerous examples of long term stimulation that was achieved from short term devaluing.
WallStwizkid 3 weeks ago
@TinyMcLarge Well there was low transportation costs, which lead to a supply glut in connected industries, whereas conventional trades actually saw no deflation and were unaffected. Overall the money supply expanded 2.6% per year throughout the decade and there was a structural deflation prevalent, as well as a string of bank failures, and stock market panics. This is another example of economic woes even with rises in GDP, going back to my assertion that economics is not one dimensional.
WallStwizkid 3 weeks ago
@TinyMcLarge Standardizing the value of money with gold makes no sense. I already told you gold has lost most of it's real value, and you're looking at nominal gold prices which reflects other factors outside of intrinsic value. The CPI takes baskets of commodities, not just gold. It doesn't make sense. Banks don't even hold enough gold to handle a bank run, after they hedge it's all divested. Investors see gold as they see treasuries, a low risk asset and a safe haven.
WallStwizkid 3 weeks ago
@TinyMcLarge Money is a negotiable IOU. It's a debt for the buyer and a credit for the seller. That's all it is. Inflation is measured through the CPI index which takes baskets of commodities, goods and services. The only adjustments you need to make would be for the cost of living adjustments, because real estate is looked at as an investment and not measured in the CPI. I already compounded a 3% inflation rate for 31 years and it comes out to median home values currently. 3% is a healthy rate.
WallStwizkid 3 weeks ago
@TinyMcLarge That's not what we're doing. The gov. is entitled to taxes, and likewise can issue debt the same way any corporation does. Money is backed by the securities issued and uses those entitlements as collateral. That is what credits bank reserves. You don't need to back a currency with anything, no country does that. What gives the dollar value is the fact that the gov. accepts it for income taxes. Even people that don't pay taxes need to buy items from people that do.
WallStwizkid 3 weeks ago
@TinyMcLarge What about the depression in the 1870s? The money supply expanded by 2.6% per year yet there was structural deflation and declining wages throughout the decade. You're only looking at one root cause. The facts are, we tried your method and it lead to financial panics and the greatest depression in modern day. The current system lead to the greatest economic expansion in modern day. I notice how you guys love talking about money as if we print it every day.
WallStwizkid 3 weeks ago
@TinyMcLarge You just don't get it, the money had value because we were in a depression. Asset values crashed, and if you couple that with the enormous gains from industrialization, markets were oversupplied which leads to high unemployment. Like I said, the world is still on a dollar standard, and the type of valuation you're talking about would diminish demand for our exports, since foreign markets would be less competitive.
WallStwizkid 3 weeks ago
@TinyMcLarge Current policy seeks an appropriate balance that can address the challenges we face, whether we hide from it or not. If wars do occur as a result of globalization, they will be nothing in comparison to what we could face in a mad rush for the survival of our nation. You have no idea how suppressed we are, mankind has the capability to control the weather, or build cities on the sea. Instead, our planet controls us and we rely on coal and oil and dead plants.
WallStwizkid 3 weeks ago
@TinyMcLarge I don't want war. Did you even read my posts? It was quite the opposite. Simply put, my point was based on the harsh truth of what has happened time and again. You think we can live in isolation from the world and prop up a currency that will either lead to over-consumption or a complete slow down of economic activity. Anytime a country exhausted themselves, they set out on military campaigns. I'm trying avoid that.
WallStwizkid 3 weeks ago
@TinyMcLarge Every other world class empire eventually faced the same problem, and they all went on military campaigns as an attempt to plunder emerging powers, and they all failed. While I'm still talking in terms of 20 years or so, the time to address this issue is now.
WallStwizkid 3 weeks ago
@TinyMcLarge This is what we're seeing in the rise of the BRICs economies, and what we're seeing as emerging markets raise import quotas. The days of cheap food are over. In 20 years or so, we could say the most dramatic economic realignment ever as G20 nations run dry. If we don't expand the U.S. and link the global economy closer, through globalization, we're going to either be forced into degrading our standard of living dramatically, or do what every other empire did..
WallStwizkid 3 weeks ago
@TinyMcLarge The flaw in any economic model is that it does not measure supplies in finite terms. I was one of the first ones to disagree with analysts when they attempted to forecast a commodity bubble. I immediately said, I disagree that we're witnessing the progression of an asset bubble. Commodities is the fastest growing asset class, and when it comes to commodity and food prices, they're going to continue rising till they discover their relevance vs. consumption.
WallStwizkid 3 weeks ago
@TinyMcLarge If you're really concerned for the future, you should really look into issues that are of utmost importance, yet nobody addresses it. Let's say we expand the money supply, and there's a trade deficit. That actually helps expansions and prevents inflation rates from rising further, because increased spending on imports provided price competition beyond domestic supply. What you're focused on is not the root cause to what we should be addressing early. Here's the flaw-
WallStwizkid 3 weeks ago
"I don't think you want someone as the candidate for president who pays more taxes than he owes"
8|
really? why not? Would that be too generous towards the nation?
britoca 3 weeks ago
@TinyMcLarge If you don't mind me asking, what do you do?
WallStwizkid 3 weeks ago
@TinyMcLarge I said a gradual decline in the dollar, not a total collapse of the dollar. The value of a currency and economic stability is shown on the long term maturity end of the yield curve. On a normal yield curve interest rates should be lower in the short term and higher in long term maturities. Short term maturities show day to day demand for capital.
WallStwizkid 3 weeks ago
@TinyMcLarge Do you even own a business dude? If everybody saved money, you'd go out of business. You have no idea what you're talking about. I'm obviously wasting my time trying to explain.
WallStwizkid 3 weeks ago
@TinyMcLarge You just don't get it, and I'm wasting my time. Most inflation is demand-pull inflation, and that always happens in a growing economy. You don't want prices to continue to decline, I can't say it in terms as simple as that. The housing bubble was caused by real estate speculation, because GMAC allowed easy credit variable rate loans, and speculators assumed next to zero risk in real estate. The only deflation risks in current policy come from speculative asset bubbles.
WallStwizkid 3 weeks ago
@TinyMcLarge The Federal Reserve hasn't eased money into the economy since the summer, and is not going to as we continue to see progress in the economic recovery. Injections of money will reverse any deflation, and without fiat control we'd be in a depression right now. The financial crisis was not a natural event. GMAC and the SEC are more to blame than the Fed. There's nothing wrong with the system, as long as they stop allowing exemptions to big banks from current policy.
WallStwizkid 3 weeks ago
@TinyMcLarge Furthermore, Ron Paul uses the old CPI to calculate inflation, it's a little over 3% which is tiny. We're actually trying to get it down to 2%, and most industrialized countries aim for a 2-3% increase in annual inflation. If there's no inflation there's no growth. Economists have replaced money supply with money demand, and I noticed all these libertarians on youtube refer to monetary inflation as the root, because they don't know what they're talking about.
WallStwizkid 3 weeks ago
@TinyMcLarge Inflation is a tax to people that do nothing, and do not find balance with rising prices. If you were a farmer however, inflation is not an enemy, it provides nominal rate reduction on debt and higher outputs. If you're a young couple starting out in life and you're trying to finance a home, it provides lower financing costs. If you're a 20 year old kid selling drugs, then it's a tax. Who are we going to put first here? I think Ron Paul knows who his fan base is.
WallStwizkid 3 weeks ago
@TinyMcLarge If there's no borrowing, it causes a liquidity trap. Even at zero percent and 2% annual deflation, you're paying a loan down with money that's worth more the following year. Any avenue you look, there's too much risk in credit deflation and fixed exchanges like gold. Economics is not one dimensional. Goldman Sachs however should've failed, I did not support the bailouts. Blame the SEC for voting for the exemptions that lead to the excesses on Wall St, not the Fed.
WallStwizkid 3 weeks ago
@TinyMcLarge You don't seem to understand that high production costs, such as high interest rate environments, and low prices cause businesses to fail. It makes no economic sense to gradually value a currency and fix debt at higher rates. Credit deflation is basically what you're supporting, and that's not even considered by any mainstream economists, because it's ridiculous. Even lenders who typically benefit from deflation will hoard if it's preferred to lending.
WallStwizkid 3 weeks ago
@TinyMcLarge The whole European banking system uses the dollar as it's reserve currency, the petrodollars market is strong, and no nation still uses a gold standard. It makes no sense in the 21st century to even consider it, economics has evolved well beyond the 19th century, which is where libertarian methods come from.
WallStwizkid 3 weeks ago
@TinyMcLarge There's also the possibility of a supply glut. Think about financing a house with fixed debt, as the value of your assets decline..it's economic insanity. Even if a glut develops, banks don't really collect on nonperforming loans, because if they sell assets, it further gluts supply. Either way, they have to restrict credit, because they have no money to lend. You don't need to back a currency with anything. The world is still on a dollar standard.
WallStwizkid 3 weeks ago
@TinyMcLarge If you had the opposite policy, which would be a gradual increase in the value of the dollar, a concept such as cash hoarding comes into play. Prices continue to decline, people hold off on purchases, and economic activity slows down. If it slows down to a spiral condition, you have a recession, and if the central bank has credit restrictions (which is what fixed exchanges force), well those are the same factors that lead to a depression.
WallStwizkid 3 weeks ago
@TinyMcLarge You actually want a gradual decline in the dollar, because just about every nation, including China, is getting into the inflation race. Right now our target is to disinflate after periods of growth. Deflation is NOT a good thing, especially in an economy that needs to feed over 330 million people, production costs need to be kept down, and prices need to eventually rise so producers can make a profit.
WallStwizkid 3 weeks ago
@TinyMcLarge It's extremely unstable, even when gold had more value in the 19th century, there was boom and bust economic cycles. Not to mention currency trading is big business, and they don't even trade paper cash in forex and futures, it's all electronic. If you re-price gold at ridiculous levels to back M2, it'll end current applications in the metal. Gold is a luxury item, which is very elastic to demand. Even gold in electronics is dying, as they look for cheaper conductors
WallStwizkid 3 weeks ago
@TinyMcLarge Because the most gold that's ever been mined is 142,000 metric tons. That's not even enough to back the M2 money supply. Furthermore, look at a chart showing historical inflation and deflation rates in the U.S., and look how turbulent economic cycles were start from the great depression era and beyond. Gold in the 21st century is losing value, and nominal gold prices reflect risk management demand by banks, which it's then divested. That's not intrinsic value.
WallStwizkid 3 weeks ago
Wow Newt Gingrich, you're a sell out wimp. A gold commission!? Give me a break, anybody that's ever taken macroeconomics at even a 101 level knows what a joke it is to mention gold. I can't believe you're selling out to a bunch of 19 year old pot heads that support Ron Paul. I'm voting for Obama.
WallStwizkid 3 weeks ago
@WallStwizkid
Id like to address that obama started wars with Libya and Yemen and expanded the military operations in Pakistan + all things he promised didn't happen and you still wanna vote for him.
Wow maybe potheads are even smarter then YOU
SymbiotCSS 3 weeks ago
@SymbiotCSS It's "than you", not "then you." I don't think you have any place critiquing military decisions he's made based on information you're not entitled to. If I were you I'd work on matters a lot less complex. You can start with learning how to spell.
WallStwizkid 3 weeks ago
omg romney sounds like a complete bullshit puppet.
amaria1002 3 weeks ago
hmmmm, why not ask all four of them why we have so fewer jobs now than we did 15-20 yrs ago..? why not ask how long they can expect to expend people like one would expend an additional 25 cents for extra onions..? NAFTA costed expenditures and if you're out of work you my friend are one of them.. an expenditure.. to expend = to delete, to use up, to render useless.. words and people folks, that all we have..
Dewdaahman 3 weeks ago
Good editing from part 1 to part 2 mike...good pick up thanks
luc649 4 weeks ago
everyone down to 15%? yeah right
Mr1700 4 weeks ago
Speak no evil, hear no evil, see no evil ... RON PAUL haha
styzor 4 weeks ago
@4:50 That's a great plan Mitt. Too bad that's the exact type of thing he wouldn't do in office.
nekopheliac 4 weeks ago
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Watch Newt debate tonight on CNN, he will kick Mitts ass, and Obama's ass next fall. Give'm hell Newt! Newt for president 2012!
22bailee 4 weeks ago
@22bailee They spammed you. They're afraid of reality, that's why they're drug addicts.
wiz9496 3 weeks ago
@wiz9496 all medicine = drugs, retard.
LobsterPotsticker 3 weeks ago
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@wiz9496 ever notice how everyone who comments says "learn YOUR history" or "wake up, sheeple!"....yeah these are probably the people I'm most ashamed of sharing a candidate with. Except for the old people from Florida who couldn't figure a ballot out in 2000
nickburnin8 3 weeks ago
Ron Paul was right about Newt. He didn't volunter to resign, he didn't have the votes in congress to be speaker again.
mr19932001 4 weeks ago
I can't get over the blatant disrespect that Ron Paul is getting. I don't even agree with him on about 70% of his message. Look, I am a liberal, I understand what conservatives think of me, and I don't care. What I do care about is when a candidate who is as strong and is strikingly intellegent as Ron Paul, is forced to wait 13:00 min and is then crudely insulted by a man who up to this point I respected. As far as I am concerned pt. 1 of this debate is uselss and should be ignored.
Divinemartyr 4 weeks ago
real evil vs real angel on tv.
i8hy6e3 4 weeks ago
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What the heck.. There is no way that Ron Paul would back Gingrich.. What if Ron Paul should run with Romney as Vice.Maybe not!
If Mitt wants to win he has got to get some fire in his belly..Would say I will never apologize for working hard and growing my family.. I think he should be ready for this one ..I did not really like Romney but he is looking better and better,, If he gets some fire he might just win it over..Interesting Santorum makes a good point and they need to learn there lesson
youngsinfo 4 weeks ago
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What the heck.. There is no way that Ron Paul would back Gingrich.. What if Ron Paul should run with Romney as Vice.Maybe not!
If Mitt wants to win he has got to get some fire in his belly... I would say I will never apologize for working hard and growing my family.. I think he should be ready for this one .. I did not really like Romney but he is looking better and better,, If he gets some fire he might just win it over..Interesting
youngsinfo 4 weeks ago
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youngsinfo 4 weeks ago
Im from MA and Mitt Romney is a lying Slimeball, All his talk about about making tax changes makes me sick.
gunslinger630 4 weeks ago 2
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youngsinfo 4 weeks ago
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Ask yourselves why they would ask Ron Paul if he would run as an independent? Could it be that by doing so it would take votes away from Barack Obama? The republican party is snake of eden, and even Ron Paul can submit to it's will. (Gingrich endorsement??)
Parrotthemacbook 4 weeks ago
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@4:15
He was talking about you low tax rate and your Caymen Island accounts Mitt!
@6:18
Mitt's RATE is much smaller than that of most Americans.
someguy1228 4 weeks ago
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someguy1228 4 weeks ago
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someguy1228 4 weeks ago
Ron Paul
DrDurdenSoapCo 4 weeks ago
mitt will eliminate taxes on savings for middle class...... wow... thanks mitt for exempting us from taxes on the 0.5 % interest we get from the banks, thanks to FEDs who control the interest.
why mitt won't propose 15% income tax for middle class, the percent he pays on his millions he makes every year.
while they want less taxes for themselves.... because they "invest", they want more taxes from us to support the wars they can't wait to take us on again.
Exception: Dr. RON PAUL
gigiontube 4 weeks ago
Debating Newt Gingrich is like having a pissing contest with a skunk.
zippyman818 4 weeks ago
why they fucking ask Dr. Paul all the time if he goes on the third party ?
fucking retards.
gigiontube 4 weeks ago
Mitt Romney is a sexy stud.
TerrorWarrior5000 4 weeks ago
Romney is such a weasel.
bballadante 4 weeks ago
Thanks for the upload Mox. Now I know for sure to vote for newt
EWOKCAD 4 weeks ago in playlist Tampa Florida 2012 Republican Presidential Debate
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Romney "didn't inherit?" Disingenuous. His father was multimillionaire George Romney, CEO of American Motors, Governor of Michigan back when Detroit ruled, and Republican presidential candidate in 1964. This would make Mitt a prince in a royal family, no?
funboy7979 4 weeks ago
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funboy7979 4 weeks ago
0% tax on capital gains would create a boom in the stock market, but the stock market has already recovered. A booming stock market does not necessarily create jobs. It's working people out of work who need these fast-talking motherfuckers in government to do something for them. None of these cold, cold bastards has any interest in that.
funboy7979 4 weeks ago
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@funboy7979 A booming stock market is a booming capital market. Capital markets are the reason good ideas can secure long-term funding in America, and why credit exists. By removing tax incentives placed on corporations, you ensure they use their capital in the manner most likely to generate returns, not what will help to avoid taxes. Acting in genuine self-interest for the company is what is prescribed by capitalism. For a refreshing look, see "The Paradox of Corporate Taxes" in the NYT.
nickburnin8 4 weeks ago
This moderator is annoying, his questions provocative instead of substantive. His job it seems is to keep the focus away from anything meaningful.
funboy7979 4 weeks ago
THE OTHERS WILL NOT DO WHAT THEY SAY. INCLUDING AGAIN, OBAMA.
Ron Paul or the end.
bladeproject1 4 weeks ago
Lol how out of touch is Mitt Romney? He's gonna eliminate taxes on dividends, interest and capital gains for those making less than 200k? This would be negligible. These people are just not involved in the same financial arena that he is. People who make less than 200k a year have 401k's that have gone to shit. They have IRA's that are tax deferred anyway. They have annuities with like 10k in them. They don't need the tax break because it wouldn't make a difference.
mikep5108 4 weeks ago
Ron Paul is a racist Jew hater. He's going down in Florida.
wiz9496 4 weeks ago
@wiz9496 we can only pray for that,
Kardiatheon 4 weeks ago
@wiz9496 no he's the only non racist on stage
LobsterPotsticker 4 weeks ago
@LobsterPotsticker He had a racist newsletter.
wiz9496 4 weeks ago
@wiz9496 im sick of you people thinking he wrote that letter. HE DIDNT WRITE THAT SHIT. he only wrote the BUSINESS SECTION of those newsletter. google is your friend. do some fuckin research on the topic instead of just believing everything the media tells you.
WhenYourStrange93 4 weeks ago
@WhenYourStrange93 He was the editor, wasn't he?
wiz9496 4 weeks ago
@wiz9496 no news papers have dozens of editors
LobsterPotsticker 3 weeks ago
@wiz9496 newsflash
he didn't write it
keep up..
LobsterPotsticker 4 weeks ago
@LobsterPotsticker No, he just let it be published.
wiz9496 4 weeks ago
@wiz9496 that thing contained thousands of posts and was released regularly
it would be BIZARRE if not one contained something controversial
his team handled that. he did not.
Also he is the only candidate with non racist policies about the drug war
therefor the only non racist candidate
LobsterPotsticker 4 weeks ago
@LobsterPotsticker That's called "Lip Service". Face it, he had a newsletter that included racist remarks. Whether he knew about the racism, or not, he was asleep at the switch. We need a president who'll pay attention, not Ron Paul. If he's president, he'll have the most corrupt administration ever.
wiz9496 3 weeks ago
@wiz9496 no, he is the only candidate who DOESN'T give lip service
this "scandal" holds less water then Obama's pastor. He didn't write it.
It's a non issue.
Try hosting a newsletter for 60 years with NOTHING controversial and THEN you may speak.
LobsterPotsticker 3 weeks ago
@LobsterPotsticker I don't have a newsletter so it's not my responsibility to make sure it has no racist remarks in it. I'm actually more concerned about his vow to legalize drugs.
wiz9496 3 weeks ago
@wiz9496 which is a GOOD thing. the drug war is racist
read the old rulings where people talk about marajuana being more acceptable to mexs and blks. as opposed to alcohol which is MUCH worse
LobsterPotsticker 3 weeks ago
@LobsterPotsticker You're dreaming if you think they'll legalize drugs. Another crazy promise from Ron Paul, just like changing the income tax rate to 0%. You spelled "marijuana" wrong, loser. I don't see how the drug war is racist. Nobody's making minorities take drugs.
wiz9496 3 weeks ago
@wiz9496 as if misspelling a word in any way delegitimizes your point. random ad hominem spotlighting yourself as an intellectual lightweight. The majority of Americans want it legalized. It used to e legal for most of USA history.
Not a fairytale.
Actually study it before you call it nonracist. ignorance is no excuse
LobsterPotsticker 3 weeks ago
@LobsterPotsticker But the Congress made them ILLEGAL, and it's very unlikely they'll reverse their actions. Ron Paul is promising something he has no power over. He cannot unilaterally legalize them, unless he becomes an emperor. Last time I checked, that's not the case.
As for your other comment: There are two kinds of drugs- Pharmaceutical and illegal. If you don't know the difference between them, you're probably taken too many of them.
wiz9496 3 weeks ago
@wiz9496 how is it UNLIKELY when they also made alcohol illegal
come on buddy
THINK
LobsterPotsticker 3 weeks ago
@wiz9496 illegal and legal are not intrinsically different. One are not allowed, and the other are allowed. Both legal and illigal drugs can be DEADLY or harmless.
If you don't know that, then you've taken too many lead pills.
LobsterPotsticker 3 weeks ago
@LobsterPotsticker ...says the cult member.
wiz9496 3 weeks ago
@wiz9496 only if you consider "common sense" to be a cult
LobsterPotsticker 3 weeks ago
@LobsterPotsticker The sense you have isn't very common.
wiz9496 3 weeks ago
@wiz9496 making me smarter then the average dumb f%ck
LobsterPotsticker 3 weeks ago
@LobsterPotsticker Your hero will lose in Florida.
wiz9496 3 weeks ago
@wiz9496 then whoever wins
WE LOOSE
LobsterPotsticker 3 weeks ago
@LobsterPotsticker You lose, like a loser. BTW You spelled "lose" wrong, loser.
wiz9496 3 weeks ago
@wiz9496 wow nice argument
you win the spelling contest, kid
LobsterPotsticker 3 weeks ago
@wiz9496 Yeah he did spell that wrong. He also said "smarter then the average dumb f^&%". If the average dumb f%^$ doesn't know the difference between "then" and "than", the dumb f%^$ he's referring to must be mentally retarded. Speaking of retards, I can't wait to see these Ron Paul fans go ballistic when he loses.
WallStwizkid 3 weeks ago
@WallStwizkid If you're not doing anything now, a bunch of us are flaming some RP supporters on a video called, "GOP plotting to oust Ron Paul?" We could use some help.
wiz9496 3 weeks ago
@wiz9496 Sorry, I was at work when you sent the message and I was busy. Let me know if you're still on.
WallStwizkid 3 weeks ago
@WallStwizkid I'm on a video called- Ron Paul highlights CNN florida debate. Check it out.
wiz9496 3 weeks ago
@wiz9496 If you guys are bashing Paul supporters, I have a live one for you. Some twerp is going around flooding videos with baseless slander, and insulting people for no reason other than the fact they don't support Ron Paul, calling them "bitches", and other childish remarks. He needs an attitude adjustment. I'm up for it if you are.
WallStwizkid 3 weeks ago