Occupy Dallas

[majorownage]

Yes, lack of credit causes depressions. It is a direct result of people over extending themselves, losing tons of borrowed money on asset speculations and the banks refusing to lend afterwards. It has been that way for the last 400 years going back to the South Seas bubble in England and the Tulip mania in Amsterdam. Credit is the grease on the wheels of the economy.

The Fed's unwillingness to increase the money supply, even when we were on the gold standard and they could buy gold from abroad, is what caused the Great Depression according to Milton Friedman. The idea is somewhat controversial but I believe it. Even he agreed that the Fed was a necessary evil and that a slight amount of yearly inflation is desired over a situation where the money supply remains inflexible.

Before the Fed existed there was nothing, depressions came every 15-20 years and people ate out of trash cans after losing everything. Although, in the banking panic of 1907 that evil old banker that everyone hates, JP Morgan, used his own money and injected it into the banking system in New York City. He also convinced other wealthy people to do the same thing in order to prevent a depression. One of the reasons I laugh at the argument that "rich people control all the wealth today and the system is broke" is that it is short sighted horseshit. When adjusted for inflation the Robber Barons of the gilded age had more wealth than anyone who has ever lived with the exception of some ancient kings whose wealth is only estimated.

And look who profited from the Fed not handing out credit? The same asswipes that set it up. Rockefeller, Morgan, etc.

[Captain Crawfish]

"Fear is Temporary Regret is Forever" I like this quote it is very true

[Mike]

This thread is almost awesome.



Does that need a WW?
^ Serious question

[tribaltalon]

And look who profited from the Fed not handing out credit? The same asswipes that set it up. Rockefeller, Morgan, etc.

HIGH FIVE!

[Captain Crawfish]

I can see it now, lots of dirty hippies with eight fish hooks in their face, giant hoops in their ears and sleeve tats saying the world isn't fair because no one wants to give them a job.

c'mon al fish hooks are cool! nothing says professional like fish hooks tats and hippie hair. multiple eye brow lip and mouth piercings can really increase sales.

[tribaltalon]

yeah because thats really the issue at hand!! lets look at the weird hippies, forget about the ass raping corporate america has been giving us! yeah! good idea bro!

[Captain Crawfish]

Lots of confuseed people here...

I just bought 4,000 BAC shares...

[Captain Crawfish]

yeah because thats really the issue at hand!! lets look at the weird hippies, forget about the ass raping corporate america has been giving us! yeah! good idea bro!

i used to think like that too. the opportunity is there some just choose to place blame on others for their situation. most would be better off standing in front of a mirror rather than standing on the street with a dumb sign.

[stevo]

yeah because thats really the issue at hand!! lets look at the weird hippies, forget about the ass raping corporate america has been giving us! yeah! good idea bro!

Yeah, it is, because a month from now no one will remember what they were trying to say, but will remember that it was a bunch of wanna be hippies that were trying to say it.

Stevo

[Broncojohnny]

And look who profited from the Fed not handing out credit? The same asswipes that set it up. Rockefeller, Morgan, etc.

And that matters how? Or are you just going to piss and moan about capitalism not working? Or is it the big bad boogey man "fiat currency"?

They loaned their own money and got interest on it!! What an outrage, you'd think we had a system of capitalism in this country or something. The audacity! Everyone knows that once you get rich, (being purely defined by the judgement of hippies, the government and/or internet blog readers) then you no longer have a right to make any money.

[tribaltalon]

hey bronco, did you intentionally ignore my reply to your post? just checking sweetie.

You bring up a good point though, the lines that are drawn regarding money are blurred across party lines, be it conservative, liberal, radical, "hipster" LOL, etc. I have no problem with corporations making money, BUT, when they knowingly manipulate the government/american people in order to make a profit, is that still okay? When corporations that are "too big to fail" take billions of tax payer dollars to stay afloat, and never show any kind of reparations or breaks for the american people who fucking kept these junkpiles afloat, it just goes to show how closely tied the goverment is with these sacks of shit. That is the general gripe with these protestors, of course there's going to be the entitlement bitches, there always are with any form of protest. Just in this case, unfortunately, these lazy assholes are the ones getting the most press.

[Broncojohnny]

hey bronco, did you intentionally ignore my reply to your post? just checking sweetie.

You bring up a good point though, the lines that are drawn regarding money are blurred across party lines, be it conservative, liberal, radical, "hipster" LOL, etc. I have no problem with corporations making money, BUT, when they knowingly manipulate the government/american people in order to make a profit, is that still okay? When corporations that are "too big to fail" take billions of tax payer dollars to stay afloat, and never show any kind of reparations or breaks for the american people who fucking kept these junkpiles afloat, it just goes to show how closely tied the goverment is with these sacks of shit. That is the general gripe with these protestors, of course there's going to be the entitlement bitches, there always are with any form of protest. Just in this case, unfortunately, these lazy assholes are the ones getting the most press.

No I was waiting for you to cut some more stuff out of Wikipedia to "educate" me about economic history.

Maybe you can cry about big government and then quote FDR in the same post. That makes sense if you don't have a fucking clue as to what you are doing.

[Broncojohnny]

hey bronco, did you intentionally ignore my reply to your post? just checking sweetie.

You bring up a good point though, the lines that are drawn regarding money are blurred across party lines, be it conservative, liberal, radical, "hipster" LOL, etc. I have no problem with corporations making money, BUT, when they knowingly manipulate the government/american people in order to make a profit, is that still okay? When corporations that are "too big to fail" take billions of tax payer dollars to stay afloat, and never show any kind of reparations or breaks for the american people who fucking kept these junkpiles afloat, it just goes to show how closely tied the goverment is with these sacks of shit. That is the general gripe with these protestors, of course there's going to be the entitlement bitches, there always are with any form of protest. Just in this case, unfortunately, these lazy assholes are the ones getting the most press.

Of course the government made money from the TARP program but I digress, I certainly don't want to interrupt your rant with unimportant things like facts...

[tribaltalon]

LOL!!! yeah, i laughed a little when i put that quote in, i'm glad you caught that. I like the quote, just ironic considering it is FDR that said it.

What, do you need me to write a novel about corporatism and government? Jesus christ. AAAAAAAAAAAAND... you arent disputing it. but its okay buddy. I'm sure your boss who got his start working at a bottle cap factory gives you an extra special pat on the butt for working every day. fucking retard.


Damn, this whole not smoking thing is making me WAY more E-aggro then usual. LMAO

[tribaltalon]

and the Government made money off TARP? ORLY. show me proof of that.

"In bailing out failing companies, they are confiscating money from productive members of the economy and giving it to failing ones. By sustaining companies with obsolete or unsustainable business models, the government prevents their resources from being liquidated and made available to other companies that can put them to better, more productive use. An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned. But instead with a bailout, the rewards are reversed – the proceeds from successful entities are given to failing ones. How this is supposed to be good for our economy is beyond me.... It won’t work. It can’t work... It is obvious to most Americans that we need to reject corporate cronyism, and allow the natural regulations and incentives of the free market to pick the winners and losers in our economy, not the whims of bureaucrats and politicians."