DAVID STOCKMAN: We've Been Lied To, Robbed, And Misled

Discussion in 'Blazers OT Forum' started by Denny Crane, Apr 1, 2013.

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  1. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Carbon credits are an inconceivable truth. The man that invented the Internet made millions on this exchange program! There is plenty of pollution!

    The current currency can be fixed. Instead of imaginary revolving debt; we can simply use other commodities like silver (do as the English).

    There is a problem though. The last president to try and change up the world economy was shot and killed in Houston.
     
    magnifier661, Apr 2, 2013
    #21
  2. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    What does the United States have more than any other country? I don't think it has to involve precious metals, but probably going to be something like that. We can back our dollar with silver; which is abundant here.

    I think Mexico would be another country that would be rich in wealth in this standard as well. They have an abundance of silver too.
     
    magnifier661, Apr 2, 2013
    #22
  3. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Silver may be the oldest basis for currency in history. Roman money was silver.

    [​IMG]
     
    Denny Crane, Apr 2, 2013
    #23
  4. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    The advantage of silver is that it's semi-precious. There is use; but it's not a necessary metal.
     
    magnifier661, Apr 2, 2013
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  5. TripTango

    TripTango Quick First Step

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    In terms of electrical engineering, it's perhaps the most valuable metal around. For applications requiring extremely high conductivity, there's already some concern about future silver shortages. No idea what impact this would have on a silver standard, though.
     
    TripTango, Apr 2, 2013
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  6. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    gold is used in connectors because it doesn't tarnish or rust.
     
    Denny Crane, Apr 2, 2013
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  7. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    I think there are other metals that are better conductors. Copper is one that is cheaper and relatively the same in conductivity. Also gold plating, combined with copper is more conductive.
     
    magnifier661, Apr 2, 2013
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  8. TripTango

    TripTango Quick First Step

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    You normally do better Google research than this, mags... Copper is more plentiful and ALMOST as good, but there's nothing better at standard temperatures than silver. Gold-plating is useful for reducing corrosion, but it's a worse conductor than copper.

    http://coppercanada.ca/publications/pub21e/images/05[1].jpg
     
    TripTango, Apr 2, 2013
    #28
  9. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

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    Silver has some pretty potent uses in welding/brazing/soldering.

    And which president was shot in Houston? ;)
     
    BrianFromWA, Apr 2, 2013
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  10. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    That would have been shortly after the Germans bombed Pearl Harbor.

    [​IMG]
     
    Denny Crane, Apr 2, 2013
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  11. maxiep

    maxiep RIP Dr. Jack

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    Politicians often confused being pro-business with being pro-free enterprise. I am the latter, but not necessarily the former.

    Stockman is 100% right about big banks. Paulson was a victim of his own background. Like a politician who has worked so long in government that every problem has a government solution, Paulson simply couldn't imagine commercial and investment banking being wiped out.

    Bottom line, the wall enacted in Glass-Steagall between commercial and investment banking needs to be rebuilt. The fools who invested in mortgage-backed securities without understanding the underlying assets should have seen their wealth disappear. Instead, they got to keep their jobs and were even given risk-free money by the Federal Government.

    Shameful.
     
    maxiep, Apr 2, 2013
    #31
  12. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Another one that bugs me is when lefties point to some European country having a hard time due to austerity measures. The ones spending recklessly or that are raising taxes and cutting spending are the ones having the most difficulty.

    Raising taxes and cutting spending. Sounds like what Obama ran on - his "balanced approach." LOL?

    So lefties put up a strawman. They argue against Obama's balanced approach while whining about republicans blocking the tax hike components.
     
    Denny Crane, Apr 2, 2013
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  13. maxiep

    maxiep RIP Dr. Jack

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    Is there a single government of a European country that is really being austere? Me thinks not.
     
    maxiep, Apr 2, 2013
    #33
  14. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Germany.
    http://www.cnbc.com/id/100353656

    Germany plans further spending cuts worth up to 6 billion euros ($7.9 billion)in order to achieve its target of a structurally balanced budget in 2014, a newspaper said on Friday, quoting finance ministry sources.

    Chancellor Angela Merkel's center-right coalition, which faces an election in the autumn, has championed the cause of budget discipline to overcome the euro zone's sovereign debt crisis and aims to balance its own books next year, two years earlier than a previous target.

    The Rheinische Post daily said Finance Minister Wolfgang Schaeuble would seek savings of 5-to-6 billion euros in addition to spending cuts already planned.

    "If we want to reach a so-called structurally balanced budget in 2014 we have to close a gap of around 5 billion euros," the paper quoted a senior member of Merkel's Christian Democrats (CDU), Michael Meister, as saying.

    "This will come about only through spending cuts," he added making clear tax increases were not on the agenda.

    The paper said the axe would fall across all ministries and would also affect subsidies for the health care system.
     
    Denny Crane, Apr 2, 2013
    #34
  15. maxiep

    maxiep RIP Dr. Jack

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    Germany may be reducing, but they're not being austere. Government wouldn't know what the real meaning of austerity is if it hit it over the head.
     
    maxiep, Apr 2, 2013
    #35
  16. MARIS61

    MARIS61 Real American

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    [video=youtube;HP7L8bw5QF4]http://www.youtube.com/watch?annotation_id=annotation_593799&feature=iv&src_vid=qpmI7ECNfRk&v=HP7L8bw5QF4[/video]
     
    MARIS61, Apr 3, 2013
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  17. huevonkiller

    huevonkiller Change (Deftones)

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    Estonia iirc.
     
    huevonkiller, Apr 3, 2013
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  18. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Well I got the state right! :)
     
    magnifier661, Apr 3, 2013
    #38
  19. jlprk

    jlprk The ESPN mod is insane.

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    Full austerity is a synonym for banana republic is a synonym for no middle class.
     
    jlprk, Apr 4, 2013
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  20. Nikolokolus

    Nikolokolus There's always next year

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    Pretty much all of this.
     
    Nikolokolus, Apr 4, 2013
    #40
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