A financial crisis unmatched since the Great Depression

[badattitude77769]

The Creature from Jekyll Island is an awesome book

Heard that after 911, day after, that people in line at winchells got into a fist fight.

The horror of 811 will pollute our memorys for so long, children are beautiful, they are innocent, fuck skull and bones, book and snake, here in reality has an awesome webp0age.

Kids are number one, Kiss my ass. Dan Williams

[uberjim83]

Huh?

[Anon1696]

/wrist

[Morrakiu]

America! fuck Yeah!

We're in debt up to our nipples, but don't worry! Keep deficit spending just like your government, America! Save the economy by taking on more debt! Imaginary god forbid that we save money! Imaginary god forbid that we back our money with gold to encourage saving! Imaginary god forbid that people spend less on iPhones!

[uberjim83]

Gold's value is every bit as illusory as that of fiat currency.

[Morrakiu]

Absolutely, but gold's illusion of value is much more stable. How easily could the Federal Reserve create 7 trillion dollars worth of gold out of thin air?

[Morrakiu]

finfacts(.)ie/Private/curency/­goldmarketprice(.)htm

look at the chart showing the historical prices of gold. for 100 years with the dollar attached to it, the difference between gold's high and low is less than a dollar.

[uberjim83]

The gold standard refers to currency being backed by gold, not gold being used as actual currency. All they would do is print more paper money and reduce the value of gold, just like they're reducing the value of "dollars" now.

[AbsoluteLibertine]

i'm not disagreeing with you but could you explain why?

[uberjim83]

It is arbitrary. Do people want gold because it's pretty? A little. But the main reason is because it's costly- it symbolizes wealth and you could sell it for a lot. You want it because it's valuable, and it's only valuable because people want it. If we were only placing value on practical resources, then water or food would probably be the currency of choice.

[AbsoluteLibertine]

that's a very good point.

i've always thought that money was almost completely illusonary.

but gold is more valuable than money that isn't backed up with anything at all.

[uberjim83]

That might be true to a certain extent, if gold was the currency. However, gold-backed paper currency would be just as illusory (especially when you consider the notion that there is no way for most of us to know whether there's any gold backing it up or it's all just a lie).

[inkey2]

to uberjim83: but I thought gold was valuable too because it had uses in the fields of electronics & dentistry etc.

[uberjim83]

It is useful in those fields, but that's not the reason it costs so much. They were using it as currency long before either of those fields started using it.

[AbsoluteLibertine]

more like debt 20 feet above our heads

[ZachValkyrie]

that's just scary.

[pillarofskulls]

fuck pot heads fuck art fuck atheists fuck white niggers

[vegassilenttype]

Classy; was than a citation from Aristotle? No wait, Shakespeare! I can see the iambic pentamiter! Captures a perfect response to this video. No offense, but maybe you should smoke some pot, go to an art gallery and ... nascar? I'm sure you would appreciate them more

[pillarofskulls]

SILENCE DRUG ADDICT

[toaster939]

Modern day consumer ideology(to save a few dollars on a brand new isomething lets go and wait all night in front of a store and then trample some people to get it first)!For more of that kind of stuff go watch Česki sen(if you can find it).

[truvelocity]

My mom would play that piece on our piano a lot. Boo hoo.

New York? Shooting? Yah, that happens when we are not shopping. What's the difference? What about the UK and their trampling and killing over football (soccer)? and Canadians who shoot each other when the ecoonomy is doing great?

[C0ct0pus]

yeah, toys-r-us is outraged at the violence but they sell toy guns on aisle 7.

[BrianJunglist]

Well i rekon its time for me and joad and maw and paw to strab th matress to the hood of our o work truck and head west.. i hear theres work out west.

[AtheistToSeekToKnow]

The reason that we are in this mess is the fractional reserve system. It is unstable. Every 10 or 20 or 30 or 40 years their has to be a correction in the market to make the fractional reserve system stable. And every time that happens you end up with losers, were people get hurt were their is a down turn in the market or a recession or a depression or a total collapse of the market. the fractional reserve system need to be replace with some thing more stable, were money is not base on debt.

[hotscubagreg]

I guess the economy is not that bad then.

[someweirdgayguy]

holy shit... The spirit of giving? Maybe the spirit of giving death. I hope they can prosecute the people who murdered that walmart employee. I hope they spend many years in prison for that.

[klangsteiner]

Don't you just love the holiday spirit?