PK, you think Supreme Commander is a good game. That's all I need to realize your opinions are ass-backwards on everything else..

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Originally posted by Capitalizt PK, you think Supreme Commander is a good game. That's all I need to realize your opinions are ass-backwards on everything else..

dude, im not the one advocating a return to the dark ages in respect to monetary policy

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just found a great little article that demonstrates my point about artificially low rates:

http://www.safehaven.com/article-10880.htm

It explains how the fed influences people to make bad financial decisions which lead to these unhealthy boom/bust cycles..

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Originally posted by Capitalizt First of all, the economy is nothing more than a collection of individuals pursuing their own interests, so I don't like the idea of any institution trying to "regulate the economy." People should be left as free as possible. Secondly, we will never know how an alternate system will do because competition is illegal. If the fed is keeping it's books in order and being responsible with our currency, they should have nothing to fear from a little competition. We don't need to abolish central banks. Just legalize alternatives (competing currencies, etc) and let the people decide.

The powers that be raise hell every time someone wants to get off the petro-dollar. No way in hell that's going to happen.

There's the silver-backed liberty dollar, but I think they got raided by the FBI. Check out their site... www.libertydollar.org

I wouldn't recommend buying any liberty dollars. You might as well just buy the silver bullion itself. That's what I plan. I wonder if I could make my own currency, using my stash of precious metals to back it up! heheh, sounds fun.

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you forced me to

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Originally posted by Capitalizt just found a great little article that demonstrates my point about artificially low rates: http://www.safehaven.com/article-10880.htm It explains how the fed influences people to make bad financial decisions which lead to these unhealthy boom/bust cycles..

gee, i wonder where this guy is coming from?

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But under a fiat currency system, as we made the mistake of embracing in 1971, all logic leaves the system. To give you a historical perspective, look at the chart below of the Fed Funds rate since 1958.

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Unless the government perfects alchemy, buy gold.

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Well Pk, where is he wrong? All logic has left the system. With a negative savings rate, the fed is the only one providing these banks with liquidity. If we had a free banking system, they would be raising rates dramatically to attract savings...but with cheap money available from the fed any time, there is no need. Print print print, loan loan loan, inflate inflate inflate. Just keep blowing up those asset bubbles with new money. Lets see if we can get the national savings rate to negative 100%. That would be awesome!

he is wrong by saying embracing fiat money was a mistake.

perhaps the rates the fed have now are too low, but that isnt a failure of the system it is a failure of management of the system. the idea that is advanced between the lines of the article is a return to the gold standard, and we've had this argument before

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Originally posted by Capitalizt PK, you think Supreme Commander is a good game. That's all I need to realize your opinions are ass-backwards on everything else..

Are you hating on the almighty supcom!? May GPGnet strike you down!

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Originally posted by Krypton Are you hating on the almighty supcom!? May GPGnet strike you down!

nah, i think letting him play his rock-paper-scissor insta-hit games is punishment enough.

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Originally posted by pkcRAISTLIN nah, i think letting him play his rock-paper-scissor insta-hit games is punishment enough.

Town = Supcom