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For Everyone Who Still Doesn'T Get It...
Good [+1]Toggle ReplyLink» basdini a répondu le Tue 29 Dec, 2009 @ 10:58pm
basdini
Coolness: 145005
"Wake up, you idiots! Whatever made you think that paper was so valuable?"

Kurt Vonnegut

I'm feeling surly right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 1:01pm
donlouis
Coolness: 83890
"Wake up! Whatever made you think that metal was so valuable?"
- Me

Let me tell you a little story

After the invasion of Peru the Spanish had a lot of "precious metals" (gold, silver...) They took all that metal to Europe, they flooded their market with all that extra shit.

Guess what happened, the value of Gold & Silver dropped. Offer and demand rules the market, that's good for any currency. It does not matter how you inject it or what currency you use, if you inject too much, the prices are going to raise, that's inflation.

SO:

The current US problem is not that their currency is not GOLD BACKED.
ANY CURRENCY IS GOOD: (SALT, PAPER, CLAY, GOLD, VIRTUAL).
Paper (10% not even monetary mass) currency or even virtual (90%+ monetary mass) currency is OK as long as it is movable, dividable, recognisable and that people trust the system.

FIDUCIARY comes from the latin Fiducia (Trust)
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» Screwhead a répondu le Wed 30 Dec, 2009 @ 1:03pm
screwhead
Coolness: 685395
All music genres go through a very similar life cycle: birth, growth, mainstream acceptance, decline, and finally obscurity. With black music, however, the final stage is never reached because white people are work tirelessly to keep it alive. Apparently, once a music has lost its relevance with its intended audience, it becomes MORE relevant to white people.

Historically speaking, the music that white people have kept on life support for the longest period of time is Jazz. Thanks largely to public radio, bookstores, and coffee shops, Jazz has carved out a niche in white culture that is not yet ready to be replaced by Indie Rock. But the biggest role that Jazz plays in white culture is in the white fantasy of leisure. All white people believe that they prefer listening to jazz over watching television. This is not true.

Every few a months, a white person will put on some Jazz and pour themselves a glass of wine or scotch and tell themselves how nice it is. Then they will get bored and watch television or write emails to other white people about how nice it was to listen to Jazz at home. “Last night, I poured myself a glass of Shiraz and put Charlie Parker on the Bose. It was so relaxing, I wish I had a fireplace.” Listing this activity as one of your favorites is a sure fire way to make progress towards a romantic relationship with a white person.

Along with Jazz, white people have also taken quite a shine to The Blues, an art form that captured the pain of the black experience in America. Then, in the 1960s, a bunch of British bands started to play their own version of the music and white people have been loving it ever since. It makes sense considering that the British were the ones who created The Blues in the 17th Century.

Today, white people keep The Blues going strong by taking vacations to Memphis, forming awkward bands, making documentaries, and organizing folk festivals. Blue and Jazz music appeal mostly to older white people and select few young ones who probably wear fedoras. But that doesn’t mean that young white people aren’t working hard to preserve music that has lost relevance. No, there are literally thousands of white people who are giving their all to keep old school Hip Hop alive.

Even as you read this, white people are telling other white people about the golden age of Hip Hop that they experienced in a suburban high school or through a viewing of The Wackness.

If you are good at concealing laughter and contempt, you should ask a white person about “Real Hip Hop.” They will quickly tell you about how they don’t listen to “Commercial Hip Hop” (aka music that black people actually enjoy), and that they much prefer “Classic Hip Hop.”

“I don’t listen to that commercial stuff. I’m more into the Real Hip Hop, you know? KRS One, Del Tha Funkee Homosapien, De La Soul, Wu Tang, you know, The Old School.”

Calling this style of music ‘old school’ is considered an especially apt name since the majority of people who listen to it did so while attending old schools such as Dartmouth, Bard, and Williams College.

What it all comes down to is that white people are convinced that if they were alive when this music was relevant that they would have been into it. They would have been Alan Lomax or Rick Rubin. Now the best they can hope for is to impress an older black person with their knowledge.
I'm feeling like a drama magnet right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 1:11pm
donlouis
Coolness: 83890
?
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» basdini a répondu le Wed 30 Dec, 2009 @ 1:50pm
basdini
Coolness: 145005
dude your telling me you would rather have those federal reserve notes (currency issued by a private corp at interest for the benefit of a small group of people) or the US note (issued by the gov at no interest for the benefit of all the people)

"If the Nation can issue a dollar bond it can issue a dollar bill.
The element that makes the bond good makes the bill good also. The
difference between the bond and the bill is that the bond lets the
money broker collect twice the amount of the bond and an additional 20%.
Whereas the currency, the honest sort provided by the Constitution pays
nobody but those who contribute in some useful way. It is absurd to say
our Country can issue bonds and cannot issue currency. Both are promises
to pay, but one fattens the usurer and the other helps the People."

thomas edison
I'm feeling surly right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 2:01pm
donlouis
Coolness: 83890
The current system with 10%paper (non gold-backed) and 90% virtual is ok.
Like I told you the problem is not the fact that it's not gold backed.
The problem is injecting that much money in the system.
Finding or extracting a gold mountain wouldn't solve the problem.
Mise À Jour » DonLouis a écrit sur Wed 30 Dec, 2009 @ 2:02pm
As a form of money I would rather use 100% virtual if it was possible and safe.
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» v.2-1 a répondu le Wed 30 Dec, 2009 @ 2:03pm
v.2-1
Coolness: 158925
I still don't get it.
I'm feeling [__insert emotion here__] right now..
Good [+1]Toggle ReplyLink» Psyborg a répondu le Wed 30 Dec, 2009 @ 2:13pm
psyborg
Coolness: 105485
Originally Posted By DONLOUIS

The current system with 10%paper (non gold-backed) and 90% virtual is ok.


I'm not sure 10% paper - 90% virtual is a good rate, it's way too high to me. For now it works fine, but it could crash badly. If for any reason everybody decided to withdraw all their money at the same time the system would collapse, because banks don't even have enough cash to cover it all! This crash could be worse than the one that happened in 1929.
I'm feeling at peace right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 2:19pm
donlouis
Coolness: 83890
In 1929 the system was gold backed. It did not cover anyone's ass against bank runs.
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» basdini a répondu le Wed 30 Dec, 2009 @ 2:19pm
basdini
Coolness: 145005
Originally Posted By DONLOUIS

The current system with 10%paper (non gold-backed) and 90% virtual is ok.
Like I told you the problem is not the fact that it's not gold backed.
The problem is injecting that much money in the system.
Finding or extracting a gold mountain wouldn't solve the problem.


YOU RE NOT HEARING ME

my problem is not with the gold i never mentioned it until now, my problem is with the fraud, having a private central banking institution like the fed issue the currency TO the gov AT INTEREST is A MASSIVE WEALTH TRANSFER SYSTEM from the poor and middle class to the leisurely rich.

the gov should issue the currency interest free (it's still a debt instrument, it's still repressents a liability but it doesn't have the soul crushing interest attached) and not have some private group do it for them.

money exist for the benifit of the people who use it not the people who create it from nothing...

why does canada have so called 'sound money' because we issue our money through the central bank of canada which is a crown corporation (belongs to the state) and not a private institution like the fed. The bank of canada issues these interst free.

The big difference between the fed and the bank of canada is that the fed is responsible to NO ONE but ITS shareholders, where as the Bank of canada is responsible to the people (at least theoretically)
I'm feeling surly right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 2:27pm
donlouis
Coolness: 83890
You seem to think that the Fed's profit don't go to the governement.
Am I right?
Mise À Jour » DonLouis a écrit sur Wed 30 Dec, 2009 @ 2:32pm
[Part of the Fed's Annual Report, year 2007]

(k) Interest on Federal Reserve Notes

The Board of Governors requires the Reserve Banks to transfer excess earnings to the U.S. Treasury as interest on Federal Reserve notes, after providing for the costs of operations, payment of dividends, and reservation of an amount necessary to equate surplus with capital paid-in. This amount is reported as "Payments to U.S. Treasury as interest on Federal Reserve notes" in the Statements of Income and Comprehensive Income and is reported as a liability, or as an asset if overpaid during the year, in the Statements of Condition. Weekly payments to the U.S. Treasury may vary significantly.

In the event of losses or an increase in capital paid-in at a Reserve Bank, payments to the U.S. Treasury are suspended and earnings are retained until the surplus is equal to the capital paid-in.

In the event of a decrease in capital paid-in, the excess surplus, after equating capital paid-in and surplus at December 31, is distributed to the U.S. Treasury in the following year.

SO:

Interest on U.S. Government Securities: $40B
Payment to U.S. Treasury ... $34B
The 6 billion is lost in administrative crap + dividends to members of the Fed

Is this sad, yes.
Is this conspiracy?
No.
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» basdini a répondu le Wed 30 Dec, 2009 @ 2:33pm
basdini
Coolness: 145005
dude what color is this page


I'm feeling surly right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 2:44pm
donlouis
Coolness: 83890
Yes the Fed is privately owned but it's still a public company I'm not arguing on that???
Mise À Jour » DonLouis a écrit sur Wed 30 Dec, 2009 @ 2:47pm
So what are we left with? What seems to be the problem?
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» Holly_Golightly a répondu le Wed 30 Dec, 2009 @ 3:27pm
holly_golightly
Coolness: 158540
Originally Posted By SCREWHEAD

All music genres go through a very similar life cycle: birth, growth, mainstream acceptance, decline, and finally obscurity. With black music, however, the final stage is never reached because white people are work tirelessly to keep it alive. Apparently, once a music has lost its relevance with its intended audience, it becomes MORE relevant to white people.

Historically speaking, the music that white people have kept on life support for the longest period of time is Jazz. Thanks largely to public radio, bookstores, and coffee shops, Jazz has carved out a niche in white culture that is not yet ready to be replaced by Indie Rock. But the biggest role that Jazz plays in white culture is in the white fantasy of leisure. All white people believe that they prefer listening to jazz over watching television. This is not true.

Every few a months, a white person will put on some Jazz and pour themselves a glass of wine or scotch and tell themselves how nice it is. Then they will get bored and watch television or write emails to other white people about how nice it was to listen to Jazz at home. “Last night, I poured myself a glass of Shiraz and put Charlie Parker on the Bose. It was so relaxing, I wish I had a fireplace.” Listing this activity as one of your favorites is a sure fire way to make progress towards a romantic relationship with a white person.

Along with Jazz, white people have also taken quite a shine to The Blues, an art form that captured the pain of the black experience in America. Then, in the 1960s, a bunch of British bands started to play their own version of the music and white people have been loving it ever since. It makes sense considering that the British were the ones who created The Blues in the 17th Century.

Today, white people keep The Blues going strong by taking vacations to Memphis, forming awkward bands, making documentaries, and organizing folk festivals. Blue and Jazz music appeal mostly to older white people and select few young ones who probably wear fedoras. But that doesn’t mean that young white people aren’t working hard to preserve music that has lost relevance. No, there are literally thousands of white people who are giving their all to keep old school Hip Hop alive.

Even as you read this, white people are telling other white people about the golden age of Hip Hop that they experienced in a suburban high school or through a viewing of The Wackness.

If you are good at concealing laughter and contempt, you should ask a white person about “Real Hip Hop.” They will quickly tell you about how they don’t listen to “Commercial Hip Hop” (aka music that black people actually enjoy), and that they much prefer “Classic Hip Hop.”

“I don’t listen to that commercial stuff. I’m more into the Real Hip Hop, you know? KRS One, Del Tha Funkee Homosapien, De La Soul, Wu Tang, you know, The Old School.”

Calling this style of music ‘old school’ is considered an especially apt name since the majority of people who listen to it did so while attending old schools such as Dartmouth, Bard, and Williams College.

What it all comes down to is that white people are convinced that if they were alive when this music was relevant that they would have been into it. They would have been Alan Lomax or Rick Rubin. Now the best they can hope for is to impress an older black person with their knowledge.


who wrote that?
I'm feeling hitched right now..
Good [+1]Toggle ReplyLink» basdini a répondu le Wed 30 Dec, 2009 @ 3:44pm
basdini
Coolness: 145005
"Yes the Fed is privately owned but it's still a public company "

what does this even mean?
I'm feeling surly right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 3:49pm
donlouis
Coolness: 83890
Privately owned meaning it's owned by persons, not by the american governement.

Public company meaning although it's not traded on the stock market, its Annual reports amongst other things are known and open to the public.
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» databoy a répondu le Wed 30 Dec, 2009 @ 3:58pm
databoy
Coolness: 105920
Originally Posted By SCREWHEAD

Historically speaking, the music that white people have kept on life support for the longest period of time is Jazz. Thanks largely to public radio, bookstores, and coffee shops, Jazz has carved out a niche in white culture that is not yet ready to be replaced by Indie Rock. But the biggest role that Jazz plays in white culture is in the white fantasy of leisure. All white people believe that they prefer listening to jazz over watching television. This is not true.


Whoever wrote this article probably spends most of his time following fads and/or is 14 years old.

"Historically speaking, the music that white people have kept on life support for the longest period of time is Jazz."

Like music started with jazz... How about Baroque and Classical, Amercican folk, bluegrass? Doesnt sit well with the main argument?

Every musical style has a place on the historical time line and just because the record company s have made there money and are ready to move on, doesnt mean that these styles are made useless in there original intention: entertainment.

p.s. gold is extremely polluting to extract and is actually a bad business investment.
I'm feeling morning departure right now..
Good [+1]Toggle ReplyLink» DonLouis a répondu le Wed 30 Dec, 2009 @ 4:11pm
donlouis
Coolness: 83890
Originally Posted By DATABOY

p.s. gold is extremely polluting to extract and is actually a bad business investment.


I'd be happy to hear your thoughts on that!
Mise À Jour » DonLouis a écrit sur Wed 30 Dec, 2009 @ 4:14pm
the bad business investment part
I'm feeling my angel right now..
Good [+1]Toggle ReplyLink» Screwhead a répondu le Wed 30 Dec, 2009 @ 4:17pm
screwhead
Coolness: 685395
Originally Posted By BETTY_HAZE

who wrote that?


[ stuffwhitepeoplelike.com ]
I'm feeling like a drama magnet right now..
Good [+1]Toggle ReplyLink» Holly_Golightly a répondu le Wed 30 Dec, 2009 @ 4:17pm
holly_golightly
Coolness: 158540
... and i know a lots of people who graduated from Bard and they rocks!

This school is probably the coolest i ever visited..
Mise À Jour » Holly_Golightly a écrit sur Wed 30 Dec, 2009 @ 4:18pm
ohhh yeah that website... pretty hilarious
I'm feeling hitched right now..
For Everyone Who Still Doesn'T Get It...
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