• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Monopoly Men

JimBenArm said:
Yeah, so who has stolen this? I want names, mister, not vague accusations against shadows. Along with proof that they did steal.

Pony up, or shut up.
Click to expand...

The early receivers of new money benefit, the late receivers are harmed.

Perhaps one of you can at least have the intellectual honesty to attempt to deal with my argument, thus far it hasn't happened.
 
TruthSeeker1234 said:
Guinn, let me manufacture those 1's and 0's, at no cost to myself, while everyone else is forbidden, and I'll end up with a huge mansion, my own private jet, and a staff of 10,000 people just to do my errands. Those resources will have come to me at the expense of others, as explained above.
Click to expand...

You do know that the members of the Reserve board and bankers are paid salaries, right? They don't make a cut of the money "they" create (which is actually created by the government as an entity, but that distinction doesn't seem to mean much to you).

Salaries that would be worth less if inflation were to rapidly accelerate.

Are you getting all your information from anti-Reserve and conspiracy sites?
 
TruthSeeker1234 said:
The early receivers of new money benefit, the late receivers are harmed.
Click to expand...

The only possible profit would be to print a lot of money, keep it privately held, not tell anyone, and buy a bunch of stuff before the market corrects for the influx of currency and inflation skyrockets.

Which it would, because you would be buying stuff on the open market and thus releasing currency into the open market.

That is exactly what counterfeiters do, and it wrecks the currency in economies where that is a big problem.

Interestingly, there is absolutely no evidence that this has happened in the US economy. The Fed doesn't release currency into private collections, it is essentially released directly into the money market.

Unless you have, you know, proof that someone at the Reserve is skimming off the top somehow.

Perhaps one of you can at least have the intellectual honesty to attempt to deal with my argument, thus far it hasn't happened.
Click to expand...

Several people, including me, have addressed your arguments at length. It's insulting that you choose to ignore that completely in favor of repeating the same falsehoods you started with.
 
JonnyFive said:
If you really think the real wealth of this country has been declining since the inception of the Federal Reserve, you're living in a fantasy world and most likely nothing I or anyone else says will change your mind.
Click to expand...
At least he's consistent across topics.
 
TruthSeeker1234 said:
None of you has addressed the salient point:

1. The exclusive right to print money = the right to steal real wealth.
Click to expand...
I thought I addressed it, when I pointed out these two facts:
  • Printed currency is a tiny fraction of the overall money supply. You could double the amount of money in circulation and it would have a small effect.
  • You and I decide when to increase the money supply when we take out loans. It's not men in suits at the Fed. Their only control is to try to encourage or discourage it through reserve ratios and prime rates.
 
TruthSeeker1234 said:
The early receivers of new money benefit, the late receivers are harmed.

Perhaps one of you can at least have the intellectual honesty to attempt to deal with my argument, thus far it hasn't happened.
Click to expand...
So, you have no names, huh? So, this is all just speculation again, isn't it? Since it's just speculation, it's nothing but pure, unfiltered BS.

Sorry, dude!
 
Names of people who benefit greatly from central banking?

George Bush
Dick Cheney
(Insert all present and past high ranking members of the executive branch since 1913)
Paul Volcker
Alan Greenspan
(Insert all present and past fed governors).
(Insert names of large military contractors)
Paul Wolfowitz
(Insert names of past presidents of IMF)

You get the idea.

Below that, you are talking about another 10 million or so people who are net tax consumers (i.e. parasites).
 
TruthSeeker1234 said:
Names of people who benefit greatly from central banking?

George Bush
Dick Cheney
(Insert all present and past high ranking members of the executive branch since 1913)
Paul Volcker
Alan Greenspan
(Insert all present and past fed governors).
(Insert names of large military contractors)
Paul Wolfowitz
(Insert names of past presidents of IMF)

You get the idea.

Below that, you are talking about another 10 million or so people who are net tax consumers (i.e. parasites).
Click to expand...
Anyone can throw names on the screen. How about some actual, real, verifiable proof of this? Hmm? Some real "connecting the dots" stuff, not vague innuendo and supposition. Oh, that's right, you can't do that, because all of this only exists in your fevered imagination! How awful of me, demanding things of you I'd only expect from a rational person!

You're right. I do get the idea. You can't prove anything, but still want us to believe stuff simply because you do.

No, thank you. I don't live in FantasyLand!
 
TruthSeeker1234 said:
Names of people who benefit greatly from central banking?

George Bush
Dick Cheney
(Insert all present and past high ranking members of the executive branch since 1913)
Paul Volcker
Alan Greenspan
(Insert all present and past fed governors).
(Insert names of large military contractors)
Paul Wolfowitz
(Insert names of past presidents of IMF)

You get the idea.
Click to expand...

So you really aren't going to address any of the issues raised in this thread now? You know, TruthSeeker, if you have no intention of listening to anything anyone says to contradict you, no matter how based in fact of reality, you could just say so.

Below that, you are talking about another 10 million or so people who are net tax consumers (i.e. parasites).
Click to expand...

By "net tax consumers" I assume you mean those that get more in tax-paid services than they put into the tax system...

Oh, you mean the poor! Yeah, those poor people sure are parasites, aren't they. :rolleyes:
 
TruthSeeker1234 said:
Names of people who benefit greatly from central banking?

George Bush
Dick Cheney
(Insert all present and past high ranking members of the executive branch since 1913)
Paul Volcker
Alan Greenspan
(Insert all present and past fed governors).
(Insert names of large military contractors)
Paul Wolfowitz
(Insert names of past presidents of IMF)
CurtC
Ace Baker
Click to expand...
I helped you along with your list a little.
 
CurtC said:
I helped you along with your list a little.
Click to expand...

I was going to add in a few like (Insert names of bank customers) and (Insert names of people with savings for retirement) and what-not, but I figured it'd be cheap. :)
 
TruthSeeker1234 said:
Names of people who benefit greatly from central banking?

George Bush
Dick Cheney
(Insert all present and past high ranking members of the executive branch since 1913)
Paul Volcker
Alan Greenspan
(Insert all present and past fed governors).
(Insert names of large military contractors)
Paul Wolfowitz
(Insert names of past presidents of IMF)

You get the idea.

Below that, you are talking about another 10 million or so people who are net tax consumers (i.e. parasites).
Click to expand...
So... these are the "early receivers of new money?" How so?
 
CurtC said:
Yes, I'm sorry I missed that at first. I found that out within a few minutes of my post, and instead of changing it, I added the note to the end.


Customers can choose now, and already have. There is no law to keep a bank from operating on your rules - keep all the depositors' money on-hand, and charge a fee for doing so. You can start one up right now!

The free market has already decided this is not a good business plan, therefore those kind of banks don't exist. People who are free to choose would rather put their money in a bank that uses the fractional reserve system than in "Ace's Bank."
Click to expand...

my understanding is that TS is talking about full reserve banks. these banks could not exsist competitively on the market, using the US dollar. however these banks do exist, using a full reserve of gold bullion; ie. the many digital gold banks online. they appear to be operating successfully. people ARE choosing them.
 
CurtC said:
I thought I addressed it, when I pointed out these two facts:
  • Printed currency is a tiny fraction of the overall money supply. You could double the amount of money in circulation and it would have a small effect.
  • You and I decide when to increase the money supply when we take out loans. It's not men in suits at the Fed. Their only control is to try to encourage or discourage it through reserve ratios and prime rates.
Click to expand...

i think you are getting too caught up on the word print. i am most certain TS is not arguing that "money physically printed on paper" is the problem, but just that money created (on paper or as a line item) is a problem.
 
i am naive and new to this subject, never caring before last thursday but having seen several (interesting and seemingly not that implausible) CT videos, i thought i'd look for more on the topic. regardless of any CT theories i am just trying to get an accurate picture of how things do work today and what in theory is ideal, realizing that various schools of economics will disagree on probably both.

through my exposure thus far and understanding i suppose i would tend to lean towards the austrian school of economics, from which TS obviously subscribes.

i have a few questions;

1. if inflation is the same rate as the interest rate i earn in my account, my purchasing power does not increase at all correct?

2. what is the advantage to having the central bank be owned entirely by private international bankers?

3. is the claim correct when it is stated that every dollar i pay for income tax goes merely to pay the interest already owed to the fed?

4. is the claim correct that all gold in fort knox is owned by the federal reserve? or is held as collateral for the government's debt?

5. what problems would be encountered by a fully reserved fiat system?

6. johnnyfive (btw, i use a big robot battery for some in-car cameras for making track videos!) - curious if you personally own any bullion (silver/gold/etc?)

7. comments on www dot usagold.com/gildedopinion/greenspan.html ?
 
You must log in or register to reply here.

Back
Top Bottom