Occupy Dallas

[Denny]

It is backed by a promise to pay it back in gold, with some extra gold. That has always been true. A note is a promise with terms.

How is that different from today? Collateral obligations are still part and parcel of lending.

A spec of gold?

Right... and what was that when we maintained a gold standard versus now?

See where I'm going with this?

[CJ]

Without buyers for the liquidity (soon to be proven by these bogus bonds), then what do you have?

Really, what is a dollar worth? What does a dollar equal?

Assets and Capital can be compared to not only money, but demand. Securitize your loans better.

[Denny]

Assets and Capital can be compared to not only money, but demand. Securitize your loans better.

Yay... more paper dollar thingies!

[Bassics]

So what are you going to do as king of the world Denny?

You keep saying it is broken, but all I hear is that debt is the problem. You're going to eliminate debt? Fine. No how do you build a world class pharmaceutical company with treatments for multiple diseases? Subsidize it with government gold?

[CJ]

Yay... more paper dollar thingies!

You completely missed the point, completely. Seems like you're having a conversation with yourself. Capital can be exchanged for things other than dollars. That's the whole point you're failing to see.

[Broncojohnny]

Without buyers for the liquidity (soon to be proven by these bogus bonds), then what do you have?

Really, what is a dollar worth? What does a dollar equal?

The events of the past three weeks have wiped out a lot of the goldbug theory that the dollar is going down right after the Euro. Everyone ran to the dollar and our treasury instruments for safety, forsaking even gold and silver. That should tell everyone a lot about what our "fiat" currency is worth in the eyes of the world.

[Denny]

So what are you going to do as king of the world Denny?

You keep saying it is broken, but all I hear is that debt is the problem. You're going to eliminate debt? Fine. No how do you build a world class pharmaceutical company with treatments for multiple diseases? Subsidize it with government gold?

I never said it would be corrected over night, but our dollar's demand (the only thing making it worth a shit) is deminishing. Look at China, Russia, India, etc. buying up all the metals and other assets it can. They are agreeing to international trade among each other without the use of dollars.

When our demand is gone, then what? Build a world class pharmaceutical company with treatments for multiple diseases with worthless paper money? Let's just use a 100 trillion dollar Zimbabwe note for that.

[mustangguy289]

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.

I quoted you on my facebook and people are getting pissed. One guy I went to school with has a tatoo shop and he is getting all bent out of shape haha. He also did a painting alluding to the 99% and how we should share the wealth.

[CJ]

When our demand is gone, then what?

Well, I know what I'll do. Start roaming the streets slaying people while laughing manically.

[Denny]

The events of the past three weeks have wiped out a lot of the goldbug theory that the dollar is going down right after the Euro. Everyone ran to the dollar and our treasury instruments for safety, forsaking even gold and silver. That should tell everyone a lot about what our "fiat" currency is worth in the eyes of the world.

They'll move to that first, but how much of these treasurys are being pumped by the Fed. People are holding cash in panic mode. They don't know what to do. I am as well, but not because I think it is best, but because I know it'll work for now. If we go deflationary, I'm cleaning house!

[Denny]

You completely missed the point, completely. Seems like you're having a conversation with yourself. Capital can be exchanged for things other than dollars. That's the whole point you're failing to see.

Until the demand is gone. All it is, is demand at this point and people are obviously fed up (pun intended).

Well, I know what I'll do. Start roaming the streets slaying people while laughing manically.

Welcome to my world.

[Snatch Napkin]

I quoted you on my facebook and people are getting pissed. One guy I went to school with has a tatoo shop and he is getting all bent out of shape haha. He also did a painting alluding to the 99% and how we should share the wealth.

I am having a curious moment. How many of those people that are getting pissed are forming proper sentences with correct spelling?

[mustangguy289]

I am having a curious moment. How many of those people that are getting pissed are forming proper sentences with correct spelling?

This guy is actually very intelligent just chose that lifestyle and now begs for people to come get tatoos all the time.

I would add you to my FB so you could see but that might backfire on me next time you get pissed off or bored lmao.

[Denny]

This guy is actually very intelligent just chose that lifestyle and now begs for people to come get tatoos all the time.

Sounds like the intelligent thing to do...

[mustangguy289]

Sounds like the intelligent thing to do...

Not everyone utilizes what they were given. If he had, he probably would have a different viewpoint.