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Comments:
<0> thetailor: you're old.
<1> cryhavoc i remember when we used denarii
<2> liberT...and the others before him
<3> Cry: taking us off the gold standard is the cause of this.
<4> rember when women stayed home and a steak cost 20c
<5> TheTailor: Do you remember the fuel shortages in the 1970s?
<6> libertine .. they still make lice? :)
<2> Fiat Currency will be our ruin
<7> I get 12 rods tot he hogshead, and that's the way I like it!
<8> libertine, there was a little gas war, stations were cutting eachother's throats
<9> taxcut: try prospecting in the Pittsburgh real estate market. Or rural West Virginia. Or Buffalo. Or Detroit. Good luck, and have fun.
<3> taxcut: thanks, homer.
<8> MrRod, I do
<5> CometBaby: I have lice. Oh, wait, you mean the computer program. Never mind.
<8> MrRod, the lines were nasty
<6> lol
<4> economists should learn to subtract
<3> Publius: right, cause free markets need the government to interfere with them.
<5> Thetailor: I remember them too. Nasty.
<2> Publius..with the fairtax......the growth would fuel the economy
<10> liberT: Inflation
<6> libertine we used to run lice back in the days of the channel wars :)
<11> comet -- oh my -- channel wars -- so long ago....
<5> CometBaby used to have lice.
<10> liberT: Rise the interest rates to prevent insane inflation...it isn't really damning the free market
<3> Publius: like when Greenspan raised the rates right before the dot-com bust... to slow down the economy.. and ended up throttling it into the ground?
<10> liberT: I don't know what Nixon did
<10> though
<0> hahaha
<0> lice still works :)
<3> Publius: yeah, I love government controls of the economy.. go greenspan!
<10> liberT: exactly what i just learned about
<10> lol
<10> but
<3> thankyou for destroying my mutual funds! go USA!
<10> it is valid
<2> Nixon divorced our currency from the last of the precious metal standards
<5> liberT: You bought mutual funds?
<0> mutual funds are not a good investment vehicle
<3> Nixon = Gold Standard Axing.
<0> unless they are very low overhead
<2> liberT...yep
<0> indices are preferable.
<6> MrRod I could still get lice. Liberterine would give me lice :)
<4> depends on what fund
<10> liberT: Greenspan didn't support that though...
<5> CometBaby: Do you want lice?
<4> i recommend the Vice Fund
<1> fish dont have lice
<10> he didn't join Nix
<10> WAIT
<0> yes I would be happy to infect cometbaby with lice :)
<3> heh, broken watch tells time right twice a day, greenspan isn't all wrong.
<2> A currency backed by precious metal or the equiv...is immune to many things Fiat currency is not
<6> lol
<4> booze...porn...drugs...guns
<8> CometBaby, umm, libertine, those aren't lice
<10> liberT: did doign that **** make oil the backing instead?
<7> if we were back on the gold standard, most of our currency would be around necks on crack avenue
<0> booze, check
<0> porn, check
<2> NK is pumping out fake $100 bills
<0> drugs... hmm fresh out
<0> guns, check
<0> 3/4
<4> werd
<4> all good investment vehicles
<5> CryHavoc: But they're very good ones.
<2> yes MrRod...
<0> wsell
<0> well
<4> oh and gambling
<0> actually
<0> you can make 20% a year investing well in wine.
<10> libertine: what the hell did Nixon do
<2> they are filtering through SK and macau
<10> with the taxes
<10> lol
<3> I remember when my dad bought his house for 50,000 .. oil was trading at $10 / barrel .. now his house is worth $500,000 and oil is 60 /barrel.... he has the same house, it's not different... so what changed? ... answer: the buying power of the US Dollar has decreased by 1/10
<2> Publius... read back
<0> publius: Why do I have to answer for nixon?
<3> thankyou Nixon!
<10> CryHavoc: I did...I'm lookin for more haha
<2> Nixon removed the last precious metal standards tied to our currency
<10> libertime: I mean...explain
<10> not answer for him
<4> behold the power of floating currency
<10> ok
<2> Money in the US used to be backed by Silver and Gold
<0> libert: even if you peg inflation to the cost of a barrel of oil
<3> the good ol' days
<2> 1 Dollar silver Certificate...etc
<0> his house has still appreciated in real terms
<5> liberT: Was this house in Texas?
<11> buying power hasn't decreased - standards ***essments have increased.... duh same as wages
<10> CryHavoc: and it is Oil now?
<4> now its backed by debt payments
<10> well
<2> exchangeable for a real Silver dollar
<4> just keep servicing int
<10> we got the internet
<1> "Canada is a rich country. It doesn't need to sell skin, oil, fat and powdered seal penises to make aphrodisiacs for countries in Asia... You cannot continue a genocide of animals like this," the 71-year-old actress said.
<2> Publius...nope
<2> pure Fiat
<9> liberT: No, that's not what has changed. Unless your dad bought in a stagnant market, the value of his house has gained value in real terms. Unless he bought his house sometime in the early 60s, his house has gained value in real terms.
<4> huh?
<0> redfish: that's absurd
<4> powdered tiger ****?
<0> the seals they kill are overpopulated, i believe
<5> redfish: Wait. I NEED powdered seal penises for my health!
<7> baby harp seal penises, yumm
<3> Disco: if you notice the buying power of $1 buys less now, then it used to.
<10> CryHavoc: meaning our economy is not based on a commoditiy?
<0> of course canada is very mean to the grizzly bear and the salmon
<10> lol
<2> nope
<12> redfish: These people should try going to Newfoundland and spouting that ****, I'd love to see what the Newfies do with them.
<0> we should concentrate on the species canada is actually ****ing over
<4> just buy some peruvian flake
<0> and not the seals
<13> ./topic <5> redfish: Wait. I NEED powdered seal penises for my health!
<10> CryHavoc: well I like taht idea
<10> Americans are cocky
<2> faith in the US gov't ( insert Gov't here) is all that back Fiat Currency
<5> US_Male: I know you'd like to set that topic.
<4> who the hell eats reconstituted polar bear anus
<1> usmale canadians are committing genocide!
<13> I would !
<2> Publius...it is a BAD idea!!!
<7> if we didn't kill the baby harp seals, they just become bear food anyway
<13> MrRod: let me set it
<5> US_Male: Go for it.
<3> Fiat money isn't so bad, when it's gold backed.. but 'faith' backed.. screw that.
<4> baby harp seals are cute
<2> Fiat currency enables your enemies to **** with your money supply
<4> thats why i keep 3 in my Iraqui prisoner rape room
<2> liberT...no such puppy anymore
<9> liberT: Wow, you've stumbled upon the idea of inflation. Still, as I said, unless your dad purchased his house in the early 60s, the value of his home has increased in REAL TERMS (meaning, "adjusted after inflation"). So no, the idea that the buying power of the dollar decreases over time is not the only thing that has changed. The real value of real estate has also changed.
<3> Cry: well, any fiat currency has the risk of fraud.
<13> MrRod: you'd have to unceck that little box "only ops set topic" and then put it back
<2> Gold backed currency is NOT Fiat
<3> Cry: technically, it is.
<5> US_Male: Won't work for me at the moment.
<0> in fact
<13> oh bummer
<3> Cry: go look up fiat.
<0> since we went off the gold standard
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