Search results

I don't think anyone should be forced to spend $3000 on useless class such as creative writing when they're studying the sciences. Being well rounded is nice, but spending an extra $15k to be well rounded is a complete waste.

One idea I liked a lot is the nationalizing of the banking system. For example, the largest banks (Fed, member banks, etc) would be set apart for the public good. They would still lend money and money would still be created via debt, however, the interest earned by the banks would go towards the...

The problem is our faulty monetary system and unfortunately Ron Paul is not educated on these matters. A gold standard won't fix anything. For example, they say a gold standard would prevent inflation, but the ratio of dollars to gold can be arbitrarily changed at anytime at the whims of the...

The lottery officials were bribed & the game rigged!

Obama's plan is a temporary one- its just slowing the inevitable. It looks like its primary directed towards businesses and the working class- not banks. Perhaps the reasoning behind it is, if the administration can give out money ($300 bil) and prevent defaults and get the working class to meet...

This is true. But the cunning play into a Ponzi scheme and get out before the con man decides to end the game. Just gotta know how to play the game with whatever card the con man throws at you.

Under the current monetary system, the only solution is putting more money into the economy. Banks aren't lending sufficiently, therefore the govt has to put money into the economy to fill in the gap. Without money being created somewhere, money will be sucked out of the economy during the...

I think Obama's idea is good. The problem with our economy is simply the lack of sufficient money in circulation to service debt. Putting more money into the economy will help prevent bankrupsies and closed businesses.

The solution to this, and all other economic problems, is obvious: bail out the big banks. Give several hundred billion more dollars to JP Morgan and those guys. That'll fix everything!

Actually that kind of looks like my local library.

Alright, so a trading company invests a billion dollars to get their latency down from 30 milliseconds down to 20 milliseconds. Three months later a competitor figures out how to get their latency down to 15 milliseconds. Now the firm trading at 20 milliseconds is out of luck. So now what? Will...

Megabanks: The Banking Oligarchy That Controls Assets Equivalent To 60 Percent Of America’s GNP http://theeconomiccollapseblog.com/archives/megabanks-the-banking-oligarchy-that-controls-assets-equivalent-to-60-percent-of-americas-gnp "In fact, the six biggest banks in the United States...

How come the Treasury didn't just print the money out of thin air without creating the $363 billion in debt?

Imagine a Chicago Mercantile Exchange in a place other than Chicago! It doesn't make sense!

Oh wow... the Federal Reserve can purchase the entire United States if they wanted to just by adding a few zeros to their account balance on their Excel spreadsheet and drawing a check from that. Why does one institution have all the power in the country and the American people are doing...

All valid points. Regarding point #2, there will not be a double tax if there is no inflation, if tax policy is implemented in a way to prevent inflation in the first place. To prevent inflation, money is being destroyed simultaneously as its being created. We currently have a triple tax in...

Regardless of what system is in place, abuse is always possible. Creating money without debt is better (and I would say significantly better) because the govt does not have to face a shut down leaving anarchy and millions of poor / elderly destitute. Bottom line, we don't need to be at the...

It won't be a weimar style hyperinflation if the govt is responsible with its size / spending and taxes + destroys money properly. The problem is the quantity of money in the system, which can be scientifically managed. Nevertheless, irresponsible behavior and the risk of hyperinflation does...

It's very different in that the govt will never have to face a bankruptcy or a shutdown because treasury obligations can't be met. There won't be treasuries if the govt creates the money. Furthermore it significantly reduces the misery that the people of this country face due to...

It can disappear via taxation and govt destroying the money coming in via taxes. It's far better than being at the mercy of China, big banks, and rating agencies- and facing a default, govt shut down, etc. Besides, money can still be created via debt in the economy via the banking system. I'm...