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Old 03-22-2010, 12:35 PM
 
Location: Prepperland
18,837 posts, read 14,021,500 times
Reputation: 16498

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Quote:
Originally Posted by WDCJoe View Post
Without this stimulus the depression would have lasted a lot longer. To again summarize direct government action aided the economy.
Ahem.
I realize that everyone in the room is arguing about recovery and depression, but what about that ELEPHANT?

What elephant, you ask.

The curious issue of the money supply.

Between 1929 - 1941, there was a money drought. A vast majority had insufficient money.

I've read the USCON, and Congress has the power to coin money (stamp bullion) and borrow money. If it had the power to create money, why would it need to borrow it?

Perhaps one should ask why people are using IOUs for their money. And who controls the emission of those IOUs?

Title 12 USC Sec. 411 defines a Federal Reserve Note as a debt. Debt does not pay debt. Since 1933, no one has paid debt, pursuant to the Constitution.
Isn't that odd....
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Old 03-22-2010, 12:36 PM
 
Location: here
24,873 posts, read 36,030,504 times
Reputation: 32725
Quote:
Originally Posted by Crusader14 View Post
I don't hate government I want my government to listen to me and do what we ask of them when we are the ones electing them so once again you have it wrong. This is a Republic not a Socialist Democracy people seemed to have forgotten that its time they get reminded.
No, we had an election. You lost. The people who won ARE doing what they were put in office to do. That's called democracy. Must suck to be a con right now
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Old 03-22-2010, 12:36 PM
 
8,276 posts, read 11,840,255 times
Reputation: 10075
Quote:
Originally Posted by mississippimagnolia View Post
You sound poor.
Thanks for the input, Scarlett.
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Old 03-22-2010, 12:36 PM
 
Location: Las Vegas, NV
3,849 posts, read 3,738,287 times
Reputation: 1706
Quote:
Well I for one would hate to go back to a world without government legislation in place that protects it’s citizenry. That world would look a little bit like a Dickens novel. A large populace working around 80 hours a week for meager wages. A large child working class. Massive slums of overcrowded tenements with many left to die in the streets. Sounds very utopian and cozy. The people taking care of themselves.
Quote:
Originally Posted by mississippimagnolia View Post
You sound poor.
And you sound as if you think poor=stupid. It really doesn't, you know. Some of the smartest people I know are very poor and some of the dumbest seem to be very rich.
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Old 03-22-2010, 12:44 PM
 
1,183 posts, read 2,879,339 times
Reputation: 1079
Quote:
There is a reason why our grandparents organized Unions and demanded better pay and working conditions. There is a reason that child welfare laws, and tenement bylaws were passed. There is a reason for social security. All stem from the fact that corporations did not and do not care about the general populace.
These things are not the same as welfare, government give-aways or free medical care for those who choose not to work. I'm all about temporary help for those who lose a job. I think as a society we are obligated to provide for those who truly cannot take care of themselves...children, the disabled, the old folks. Hell, I work pro bono for Legal Aid! I'm not against finding a way to provide quality health care for all WORKING Americans. For the rest of the good citizens of this great nation, I will quote the great Lebowski....."My advice is to do what your parents did; get a job, sir. The bums will always lose."

Oh, and now you sound poor and uneducated.
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Old 03-22-2010, 12:44 PM
 
Location: Washington, DC
638 posts, read 926,544 times
Reputation: 236
Quote:
Originally Posted by jetgraphics View Post
Ahem.
I realize that everyone in the room is arguing about recovery and depression, but what about that ELEPHANT?

What elephant, you ask.

The curious issue of the money supply.

Between 1929 - 1941, there was a money drought. A vast majority had insufficient money.

I've read the USCON, and Congress has the power to coin money (stamp bullion) and borrow money. If it had the power to create money, why would it need to borrow it?

Perhaps one should ask why people are using IOUs for their money. And who controls the emission of those IOUs?

Title 12 USC Sec. 411 defines a Federal Reserve Note as a debt. Debt does not pay debt. Since 1933, no one has paid debt, pursuant to the Constitution.
Isn't that odd....
I really do not want to get into this. LOL Your right about the elephant however the reasoning for this arrangement may plainly boil down to credit worthiness and worldwide recognition of value. What I mean by this is if the US were to print funds on their own merit to support government programs and the like without backing, a value for those funds cannot be ascertained outside of the originating printers assessed worth. This of course proves problematic when the aforesaid nation then moves to purchase goods and services outside its jurisdiction. You basically get a currency with no recognized value outside of the US, kind of like confederate dollars after the Civil War.
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Old 03-22-2010, 12:45 PM
 
1,183 posts, read 2,879,339 times
Reputation: 1079
Quote:
And you sound as if you think poor=stupid. It really doesn't, you know. Some of the smartest people I know are very poor and some of the dumbest seem to be very rich.
Nope. I know plenty of poor smart people. They are happy being poor. Some of the greatest people on the planet are poor in terms of material things. However, they aren't the ones demanding government handouts.
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Old 03-22-2010, 12:51 PM
 
Location: The Queen City
1,092 posts, read 2,689,824 times
Reputation: 665
I believe the death of the USA started when Bush took office in 2000 and the land was buried when he stole the elections of 2004. Obama is only trying to bring this country back to its feet. If in 2012 Palin wins, it will be the nail in the coffin.
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Old 03-22-2010, 12:51 PM
 
Location: USA
4,978 posts, read 9,486,246 times
Reputation: 2506
Quote:
Originally Posted by Crusader14 View Post
I am not going anywhere I am waiting for the 3rd American Revolution to happen. Part of it will happen in November when we elect Tea Party people who will actually listen to the people and enact our will not some socialist commie agenda.
I am on board too. I am surprised at how many people are not educated in our Law, in our history, and have little knowledge of how our government was set up. Any changes are just fine with them, as long as they have their American Idol and their malls.

Socialism has been watered down to look benign compared to communism. We hear about socialist European nations. But America was not founded on socialism.

The comments on hating government...Jefferson warned us to be leery of our government. He said apathetic people would allow tyranny to rise and take us over.

There are far too many people who want the government to take care of them. If it doesn't cost them anything, they want it. But they lose more and more of their liberty to get it. And once the government gets something, we aren't getting it back.

Less is more.
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Old 03-22-2010, 01:02 PM
 
Location: Georgia
1,258 posts, read 2,303,840 times
Reputation: 675
Quote:
Originally Posted by Crusader14 View Post
All empires come to an end just didn't see this one happening so soon. It has taken the past 65 years to come down and it happened last night.

Gotta love the talk-radiot/Faux News crowd...The only problems during the Bush nightmare was that liberals were standing in his way of doing EVERYTHING he wanted to do.
You talk-radiots/Faux News/Tea Bagger/Glen Beckiites completely ignored all of the following things under your glorious neo-con Bush administration:
-the big gov't waste of Bush...
-all the dirty tricks he used to circumvent the politicial process to get what Lord Cheney wanted done...
-the fact that he was responsible for the largest gov't privacy intrusion into people's lives in history...
-started and totally fubared probably the single best example in our history of the U.S. starting an unessecary war and one of the worst mis-managements in U.S. history of a conflict...
-8years of ignoring real issues facing our country that desperately needed to be dealt with...i.e. China, healthcare, education, social security, etc. (yes I know a lot of it your wonderful Republican congress should've been dealing with, but seeing as they were worthless that's when its the leaders job to step up)
-Doing something about our insane dependency on foreign oil

Then EVERY SINGLE THING Obama says, does, eats for dinner...becomes a 'oh the world is going to end, America is dead, Glen Beck said purple nazis are going to storm our homes next week and take our children'

You people have just become a total joke...It's sad really because you nutjobs have taken over the Republicans, and because few take you seriousely and you've managed to turn so many more away...the democrats are going to face less and less opposition and continue growing in power because the Republican party has become such a joke.
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