Why is plat so important????

[HeallunRumblebelly]

Because RMT.

[Doors]

Originally Posted by HeallunRumblebelly [You must be logged in to view images. Log in or Register.]

Because RMT.

[Ravager]

Originally Posted by Raavak [You must be logged in to view images. Log in or Register.]

Think he is saying if we were still on a gold standard we would be in a deflationary economy.

We are in an inflationary one, and the FED is doing it intentionally, as a part of its job. The theory is that some inflation is good. And since inflation devalues debt expect the inflation rate to go up until the US national debt comes under control.

It is true that inflation will make paying off debt easier, but with the astronomical amount of debt there is, inflation will have to sky rocket to bring the debt under control, but the debt will be the last thing on anyone's mind when they're paying $100K for a loaf of bread. It's remarkable how many people look at the words $16 Trillion Debt and never stop to think and realize just how huge a number that is.

[Ravager]

Originally Posted by Ele [You must be logged in to view images. Log in or Register.]

That's why I try to live paycheck to paycheck, I completely avoid inflation devaluing any savings!

I don't try to do this, myself, it's just a happy coincidence.

[falkun]

Originally Posted by Splorf22 [You must be logged in to view images. Log in or Register.]

Isn't it a good thing when stuff gets cheaper? Sure I agree a small constant deflation is probably bad but its much much worse to have a government in charge of printing money whenever they feel like it.

And Hitchens, in my humble opinion the entire economics professions should be taken out and shot for crimes against humanity. There is a reason there was no Nobel prize is economics - 90% of it is unscientific blather which is used by people who run our country (i.e. the bankers) to justify looting and plundering.

I'd love to admire the Nobel prize, but they lost my respect when they gave the Nobel Peace Prize to Barak Obama in 2009. He was inaugurated president in January 20, 2009, submissions for Nobel candidates had to be postmarked by February 1, 2009, and he was selected as the winner on October 9, 2009. I'm not saying the man doesn't deserve a Nobel medal, that's a separate argument, but I fail to see what he had done in 11 days to get him recommended. As a counterpoint, the 2010 recipient, Liu Xiaobo, has been advocating for democracy in China since 1989. That's 21 years of work compared to 11 days.

This thread may now resume its regularly scheduled trolling.

[shooteneq1]

Originally Posted by falkun [You must be logged in to view images. Log in or Register.]

I'd love to admire the Nobel prize, but they lost my respect when they gave the Nobel Peace Prize to Barak Obama in 2009. He was inaugurated president in January 20, 2009, submissions for Nobel candidates had to be postmarked by February 1, 2009, and he was selected as the winner on October 9, 2009. I'm not saying the man doesn't deserve a Nobel medal, that's a separate argument, but I fail to see what he had done in 11 days to get him recommended. As a counterpoint, the 2010 recipient, Liu Xiaobo, has been advocating for democracy in China since 1989. That's 21 years of work compared to 11 days.

This thread may now resume its regularly scheduled trolling.

Kills innocent people with drone bombs, wins nobel peace prize.

[Llodd]

Originally Posted by falkun [You must be logged in to view images. Log in or Register.]

I'd love to admire the Nobel prize, but they lost my respect when they gave the Nobel Peace Prize to Barak Obama in 2009. He was inaugurated president in January 20, 2009, submissions for Nobel candidates had to be postmarked by February 1, 2009, and he was selected as the winner on October 9, 2009. I'm not saying the man doesn't deserve a Nobel medal, that's a separate argument, but I fail to see what he had done in 11 days to get him recommended. As a counterpoint, the 2010 recipient, Liu Xiaobo, has been advocating for democracy in China since 1989. That's 21 years of work compared to 11 days.

This thread may now resume its regularly scheduled trolling.

I think it's safe to say that taking note of the nobel laureate awards is akin to sticking your dick in jelly.

It feels nice and the recipients get a shaking feeling all over but ultimatly it leaves you feeling completely watered down.

Waste of space.

But dick in jelly is nice, try that.