Abolish the Income Tax: Steve Forbes and Peter Schiff

[FattBurger]

Quote from Kassz007:

??? Pick up an economics textbook sometime. Or a history book. Or any book for that matter...

Blame your problems on the Fed for all I care.

Taking the easy way out, I don't blame you. It's hard to defend crooks.

 

[Kassz007]

Quote from FattBurger:

Been doing just fine, see I know how the game is played. Just closed all long positions from early April this week. I'm now flat except for a Citi position.

I know you don't have a leg to stand on when trying to defend the Fed, so I won't be to rude.

Didn't ask for your current open positions, but thanks. Good luck to you in your trading, I suspect you will need it.


Oh, I don't have a leg to stand on? Oh, OK. Thanks for not being rude.

 

[Kassz007]

Quote from FattBurger:

Taking the easy way out, I don't blame you. It's hard to defend crooks.

It's hard to have a debate when one side of the argument is too ignorant on the subject to provide an intelligent argument.

In any case, I'm done wasting my time. Thanks for the morning entertainment.

 

[intradaybill]

Quote from Scataphagos:

Where is your FACT? Seem to me you're just talking out your ass.

Educate me. I don't even know of an economy with a "consumption based" tax system.. Let alone a "Marxist, consumption tax based" economy.. So, where are your examples??

Relax and try to be nice. There is no reason to talk like this, a clear sign of lacking education and proper upbringing.

Do you know that only insuline demand is perfectly inelastic?

Now, you are going on ignore. Your attitude deservees no attention at all.

I have said before: Scata-fagos in greek means "a sh*t eater".

 

[Scataphagos]

Quote from intradaybill:
"... I have said before: Scata-fagos in greek means "a sh*t eater". [/B]

YOU said it? I picked the name.

Go ahead, put me on ignore. When asked to support your outlandish statement, you call the questioner names and run away. It's OK... everybody here knows.

 

[FattBurger]

Quote from Kassz007:

It's hard to have a debate when one side of the argument is too ignorant on the subject to provide an intelligent argument.

In any case, I'm done wasting my time. Thanks for the morning entertainment.

Dude then educate me, I’m flexible, I’m open minded. I just can’t think how the Federal Reserve System has benefited anyone other than the member banks.

You mention liquidity as you defense, and I asked who pays for that and your reply was “ a small price to pay” what kind of answer is that?

Then you slink off with some lame excuse that everyone is just too ignorant. You can’t make you case just admit it.

 

[Scataphagos]

Quote from FattBurger:

"... Then you slink off with some lame excuse that everyone is just too ignorant. You can’t make you case just admit it.

A common Leftist trick.

 

[FattBurger]

Kass next time use the standard reply from all fed supporters. “just think how bad it would have been if we did nothing” hahahahaha famous line.

 

[FattBurger]

Don’t get me wrong, I CAN’T STAND THE Republicans or Democrats. They are just as crooked as the fed, they all play the finger pointing game, it’s just sick how they play with so many peoples lives.

 

[Kassz007]

Quote from FattBurger:

Kass next time use the standard reply from all fed supporters. “just think how bad it would have been if we did nothing” hahahahaha famous line.

Ugh, see this is what I mean by ignorant. Do you have any idea of the functions of a central bank? Why are you singleing out the Fed in your hatred? Most countries have central banks that operate very similarly to the Fed.

What do you think would have happened to the economy had all of the major USA banks experienced bank runs? Again, pick up a book, and read about the Great Depression. Without the Fed, it is entirely possible we would have seen a repeat.

It amazes me that the Fed was instrumental in preventing an entire economic and financial collapse in the USA, yet ignorant citizens like yourself are somehow upset with this.