The Biggest Scam in History

[Hans]

Time?

1417 GMT

But still working on the year thing

 

[marplots]

Well, if you are settled on a Tuesday, can I get in the weekend before? I want to avoid the lines.

 

[Belz...]

1417 GMT

But still working on the year thing

Don't contradict me in front of the lower castes, Hans. No second dessert for you at the next meeting !

 

[se7ensnakes]

dr kitten does not know that we are into the third central bank in these united states. He thinks that Fed is the one and only...

 

[se7ensnakes]

skeptic lets see if i can organize your thoughts a bit...
1) I started this topic and i did not mention is jewish conspiracy.
2) The Federal Reserse central bank is not just the problem...the entire system is a problem because it allows private companies to manipulate the economy (I think i said this about about four times), and because taxpayers are paying for debt thats artificial. Government dont need to print bonds when they could just as well print united states dollars.

 

[se7ensnakes]

oh and dr kitten thinks that the federal reserve system just came out of some politicians hatching out ideas for the benefit and well being of all.

 

[se7ensnakes]

yes Fed employees are independent (that is secret). They want to remain secret because they are so nice. they are actually little angels that want the best for all of us. I think you should do the same with your paycheck...sign a contract with some money management firm and just let them manage you money in secrecy. Lets see how good that will work for you. The contract will prohibit you will from asking certain question.

 

[se7ensnakes]

.o0Reading most of these comments i could see why madoff was so successful

 

[The Central Scrutinizer]

You forgot me.

 

[WanderingSkeptic]

Er ... sorry what's been happening? ... I started reading the initial post ... by line five my eyes had gazed over ... by line 10 ... my head hit the table .. I appear to have just woken back up

 

[marplots]

Er ... sorry what's been happening? ... I started reading the initial post ... by line five my eyes had gazed over ... by line 10 ... my head hit the table .. I appear to have just woken back up

Well, while you were sleeping, we learned how private companies are manipulating the economy by influencing the money supply -- although, surprisingly, not actually in their favor.

We also learned that, despite the fact that your mom or dad, or uncle, or cousin, or your neighbor all seem like nice people, if they work in the US Federal government, they are really lying, conniving, secret operatives with an agenda that is keeping free and patriotic Americans in economic slavery.

I think this synopsis will get you at least a passing grade on the quiz.

 

[Sceptic-PK]

2) The Federal Reserse central bank is not just the problem...the entire system is a problem because it allows private companies to manipulate the economy (I think i said this about about four times)

By your definition, we’re all “manipulating” the economy via market transactions.

and because taxpayers are paying for debt thats artificial.

How is debt “artificial”?

 

[timhau]

How is debt “artificial”?

Because...

Government dont need to print bonds when they could just as well print united states dollars.

 

[drkitten]

Reading most of these comments i could see why madoff was so successful

Got it in one. He was successful because people like you don't understand the economy and investments, so rather than taking some simple steps to invest money prudently, people like you listen to snake oil salesmen who claim to understand the "true" conspiracy behind the economy.

Where se7ensnakes is, there is ignorance. Where ignorance is, there is an opportunity to fleece money off people. Because se7en and people like him don't even know when they're being conned.

 

[marplots]

Where ignorance is, there is an opportunity to fleece money off people. Because se7en and people like him don't even know when they're being conned.

Speaking of conning, they must be running out of loose gold to sell. The latest info-mercial I've seen is pushing silver, and pushing it hard. To quote the scaremongers: "Silver is actually rarer than gold."

 

[Blue Mountain]

Speaking of conning, they must be running out of loose gold to sell. The latest info-mercial I've seen is pushing silver, and pushing it hard. To quote the scaremongers: "Silver is actually rarer than gold."

If that's the case, there must be an incredible glut of silver right now. According to www.xe.com, as I type this message gold is at $US 1,205.50, while silver is a mere $US 18.43.

 

[marplots]

If that's the case, there must be an incredible glut of silver right now. According to www.xe.com, as I type this message gold is at $US 1,205.50, while silver is a mere $US 18.43.

What I find amusing is that the techniques for selling gold are now being shifted to another metal. And silver now has to compete with gold. The whole thing is funny/sad -- one artificially created need battling another. What's next, copper?

 

[Toke]

What I find amusing is that the techniques for selling gold are now being shifted to another metal. And silver now has to compete with gold. The whole thing is funny/sad -- one artificially created need battling another. What's next, copper?

What about canned food?

 

[Harry Lime Juice]

That's after bottled air, Toke.

 

[MikeMangum]

Now that I have an abundance of corn, I can afford to pay people to make 3 new farmbots and maybe buy or lease additional land from other islanders. Instead of paying them in the future, I convince them to accept these very official and difficult to duplicate tickets that promises them future corn, once the farmbots are completed, and the harvest comes in. They accept the tickets.

By this time, there is a shop that sells plates and silverware for people on the island to eat their corn. The owner decides to accept my IOU tickets for future corn as payment, because he believes that I will honor my agreement, and transfer the future corn to whoever holds that ticket.

This is essentially how money works.

Close, but nope. Those 'tickets' you described are worth a set amount of a specific good. Modern currencies are not, at least not for around half a century.