NYPD killed another unarmed black man, cop claims he was "startled"

[CAC Dogg]

http://www.usinflationcalculator.com/inflation/historical-inflation-rates/

Chart of US inflation rate. No problem anywhere to be found.

sorry I didn't realize Economistshad a functioning crystal ball.

Apparently you didn't get the moral of the Germany story.

 

[mrken12]

The very fact that you posted a silly ass gif of Forrest Gump running lets me know what you are all about

He's the equivalent of a white smart dumb nikka.

 

[IWasntMadeToPlayTheSon]

Pryzbylewski?

no time either...just reassigned to 5th grade homeroom

 

[LV Koopa]

err they actually took the 0% interest loans, then lent it out with interest. If you don't call that evil then you aren't getting it. A tiny group of banks is getting huge billion dollar profits by devaluing everyone else's currency.

I don't know if you've ever done a business deal in your life but this isn't evil. In fact it's common sense and done by people everyday. If you borrow money, you lend it out on higher interest to someone else and make a profit. Otherwise no one would lend money. Derp? The actual evil in the system is that investment banks and commercial banks can intermingle in each other's markets through 3rd parties. IE AIG dealing in subprime loans with Morgan Stanley on one end and Chase on the other (simplified example obviously). The true evil is exposing other banks with everyday's people money to risk that they themselves don't have a say in. There are other wicked things that can happen but interest free loans aren't even the problem unless runaway inflation is on the horizon.

The government doesn't care if its currency is being devalued, only if the devaluation is being realized by voters. When they have scapegoats like "there just isn't enough public spending for the economy to get going", its really easy to hide the devaluation and convince people they are struggling because of low wages even though the wages rose.

You really, really have no clue how the economy works. No government - I repeat - NO GOVERNMENT in the world wants their currency devalued in a fractional reserve system. It is one of the most important things to a nation's well being. That's one of the chief reasons the Federal Reserve exists. We accept that inflation is going to happen but they aren't sitting back worried about what the voters are going to think - they have a much bigger problem known as hyperinflation to worry about. Especially since the Federal Reserve Board isn't affected by voters. I think you keep forgetting it is a private agency.

You did brush it off. YOu are acting like its not a big deal a few mega-banksters get to devalue everyone savings for their own benefit.

I thought I explained it quite well. You seem to think that banks(commercial or investment?) are "devaluing" everyone's savings for their own benefit which can't possibly work. If interest rates are low and savings aren't generating money then the commercial banks won't have enough capital to lend to each other and their own customers. IE what I told you at the beginning of this post on how lenders make money - they would actually be fighting against their own way of staying in business. Investment banks on the other hand could benefit from lower interest rates in other ways, but they don't set the reserve rate anyway - they follow what the Federal Reserve does. There are some bad things that happen because of how the Federal Reserve and Big Investment Banks and auditors intermingle personnel over the years but "devaluing savings for their own benefit" is one of the dumbest things you could pull out of your ass.

It doesn't matter if they actually purchase it in gold, you could turn in gold for dollars and instantly buy gas... that point is completely mute.

Sigh. Sure. I have an idea for you - go buy X amount of troy ounces of gold right now for $1,000. Then go try and buy gallons of oil with it. See how stupid the idea is when you go trying to settle an oil futures contract with gold bars while everyone else is dealing with actual currencies. The first thing you'll be worried about is the loss on exchange rate. You don't just say "yea but I could turn gold into dollars" because then you wouldn't have ever needed the gold in the first place. Derp.

Yeah, not all goods are effected equally by inflation, gas is one of the most highly effected because all oil is traded in dollars worldwide. The facts I gave you about purchasing power prove that inflation was the primary cause of high gas prices, or rather, high amounts of people finding gas unaffordable. Other causes will cause it to drop and rise, obviously supply and demand is huge, but there is no denying how much inflation has made gas difficult to afford in the last decade.

It's amazing how you can speak so confidently and be so wrong. 2009 was a low point for the oil industry and 2014 just shattered that. You have to be living under a rock to not notice gas is currently at a low point and companies are cutting investments and production. Interest rates aren't even in the ballpark of why this happens.

Yeah I never said the entire stock market is a speculative bubble or all investors were speculators. the fact is though we are doing the same exact things that created the bubble in 2008, artificially dropping interest rates to dangerously low rates. People are investing not because they have good investments, they are investing because the government is essentially begging them to with interest rates this low. the problem is its going to cause another credit crisis when you realize you cant just print money to solve everyones problems.

Yes and no. Low interests were indirectly part of the reason the subprime mortgage market based on derivatives crashed the global economy. But that's because people were borrowing money at ridiculous levels (as usual) and banks weren't hedging their bets correctly. When these people, from all classes of the economy, failed to pay off their loans shyt hit the fan in an exponential way. It doesn't actually matter whether people have good investments or not. Since the dawn of basic banking people have jumped in with bad sense and chased after whatever opportunities presented itself. The Feds' interest rate policy isn't the problem there. Thankfully "just printing money" isn't the way that all financial regulators are fighting the problem. To avoid a credit crisis the real problem is and always will be what happens when investment banks and their industry contemporaries intermingle with the everyday person's money through financial instruments they actually have direct control over.

 

[CAC Dogg]

I don't know if you've ever done a business deal in your life but this isn't evil. In fact it's common sense and done by people everyday. If you borrow money, you lend it out on higher interest to someone else and make a profit. Otherwise no one would lend money. Derp? The actual evil in the system is that investment banks and commercial banks can intermingle in each other's markets through 3rd parties. IE AIG dealing in subprime loans with Morgan Stanley on one end and Chase on the other (simplified example obviously). The true evil is exposing other banks with everyday's people money to risk that they themselves don't have a say in. There are other wicked things that can happen but interest free loans aren't even the problem unless runaway inflation is on the horizon.



You really, really have no clue how the economy works. No government - I repeat - NO GOVERNMENT in the world wants their currency devalued in a fractional reserve system. It is one of the most important things to a nation's well being. That's one of the chief reasons the Federal Reserve exists. We accept that inflation is going to happen but they aren't sitting back worried about what the voters are going to think - they have a much bigger problem known as hyperinflation to worry about. Especially since the Federal Reserve Board isn't affected by voters. I think you keep forgetting it is a private agency.



I thought I explained it quite well. You seem to think that banks(commercial or investment?) are "devaluing" everyone's savings for their own benefit which can't possibly work. If interest rates are low and savings aren't generating money then the commercial banks won't have enough capital to lend to each other and their own customers. IE what I told you at the beginning of this post on how lenders make money - they would actually be fighting against their own way of staying in business. Investment banks on the other hand could benefit from lower interest rates in other ways, but they don't set the reserve rate anyway - they follow what the Federal Reserve does. There are some bad things that happen because of how the Federal Reserve and Big Investment Banks and auditors intermingle personnel over the years but "devaluing savings for their own benefit" is one of the dumbest things you could pull out of your ass.



Sigh. Sure. I have an idea for you - go buy X amount of troy ounces of gold right now for $1,000. Then go try and buy gallons of oil with it. See how stupid the idea is when you go trying to settle an oil futures contract with gold bars while everyone else is dealing with actual currencies. The first thing you'll be worried about is the loss on exchange rate. You don't just say "yea but I could turn gold into dollars" because then you wouldn't have ever needed the gold in the first place. Derp.



It's amazing how you can speak so confidently and be so wrong. 2009 was a low point for the oil industry and 2014 just shattered that. You have to be living under a rock to not notice gas is currently at a low point and companies are cutting investments and production. Interest rates aren't even in the ballpark of why this happens.



Yes and no. Low interests were indirectly part of the reason the subprime mortgage market based on derivatives crashed the global economy. But that's because people were borrowing money at ridiculous levels (as usual) and banks weren't hedging their bets correctly. When these people, from all classes of the economy, failed to pay off their loans shyt hit the fan in an exponential way. It doesn't actually matter whether people have good investments or not. Since the dawn of basic banking people have jumped in with bad sense and chased after whatever opportunities presented itself. The Feds' interest rate policy isn't the problem there. Thankfully "just printing money" isn't the way that all financial regulators are fighting the problem. To avoid a credit crisis the real problem is and always will be what happens when investment banks and their industry contemporaries intermingle with the everyday person's money through financial instruments they actually have direct control over.

Yeah the government and federal reserve isn't a business though is it? That's a stupid comparison. The question is why elites are using the government, thats supposed to be populist and for the people, to profit off of ordinary people. The federal reserve is an extension of the government because the government birthed the fed, saying voters should have no control over an agency that has power over the treasury, when the constitution clearly gives the powers of the treasury to congress, doesn't make sense.

Its funny how confident in your arguments you are when they all rest on the idiotic assumption that most modern governments, the US especially, represent(s) the will of the people or the livelihood of the nation, they usually don't today, they represent special interests. (welcome to polisci 101)

Governments are just tools that corrupt people like to use for their own benefit, they just sell off the ostensible "were devaluing your savings because we love you" to chumps like you who have their pride invested in a certain economic theory.

The federal reserve board was once filled with current CEO's and bankers who lobbied the government for this system.

Savings are generating money though, the money just buys less, that's the entire point. Its only the mega-banks that get the virtually printed money. However everyone's savings are inflated no matter how small your bank is.

The reason you buy gold and turn it into dollars is because you buy low and sell high.

durr what the point of buying gold with dollars and selling it for dollars?
because you get more dollars than you otherwise woulda had.

yeah interest rates don't have much to do with recent gas prices, but again, if you cant see that you could buy substantially more gas with gold during 2000-2009, (had you turned cash into gold, then back into cash to buy gas) this demonstrates how big of an issue inflation was and is.

It does matter if you have good investments when the government encourages investments with artificially low interest rates and then holds taxpayers responsible for bailouts. Its funny you assume the US is or isn't a free market depending on if it helps your argument or not.

 

[CAC Dogg]

I don't know if you've ever done a business deal in your life but this isn't evil. In fact it's common sense and done by people everyday. If you borrow money, you lend it out on higher interest to someone else and make a profit. Otherwise no one would lend money. Derp? The actual evil in the system is that investment banks and commercial banks can intermingle in each other's markets through 3rd parties. IE AIG dealing in subprime loans with Morgan Stanley on one end and Chase on the other (simplified example obviously). The true evil is exposing other banks with everyday's people money to risk that they themselves don't have a say in. There are other wicked things that can happen but interest free loans aren't even the problem unless runaway inflation is on the horizon.



You really, really have no clue how the economy works. No government - I repeat - NO GOVERNMENT in the world wants their currency devalued in a fractional reserve system. It is one of the most important things to a nation's well being. That's one of the chief reasons the Federal Reserve exists. We accept that inflation is going to happen but they aren't sitting back worried about what the voters are going to think - they have a much bigger problem known as hyperinflation to worry about. Especially since the Federal Reserve Board isn't affected by voters. I think you keep forgetting it is a private agency.



I thought I explained it quite well. You seem to think that banks(commercial or investment?) are "devaluing" everyone's savings for their own benefit which can't possibly work. If interest rates are low and savings aren't generating money then the commercial banks won't have enough capital to lend to each other and their own customers. IE what I told you at the beginning of this post on how lenders make money - they would actually be fighting against their own way of staying in business. Investment banks on the other hand could benefit from lower interest rates in other ways, but they don't set the reserve rate anyway - they follow what the Federal Reserve does. There are some bad things that happen because of how the Federal Reserve and Big Investment Banks and auditors intermingle personnel over the years but "devaluing savings for their own benefit" is one of the dumbest things you could pull out of your ass.



Sigh. Sure. I have an idea for you - go buy X amount of troy ounces of gold right now for $1,000. Then go try and buy gallons of oil with it. See how stupid the idea is when you go trying to settle an oil futures contract with gold bars while everyone else is dealing with actual currencies. The first thing you'll be worried about is the loss on exchange rate. You don't just say "yea but I could turn gold into dollars" because then you wouldn't have ever needed the gold in the first place. Derp.



It's amazing how you can speak so confidently and be so wrong. 2009 was a low point for the oil industry and 2014 just shattered that. You have to be living under a rock to not notice gas is currently at a low point and companies are cutting investments and production. Interest rates aren't even in the ballpark of why this happens.



Yes and no. Low interests were indirectly part of the reason the subprime mortgage market based on derivatives crashed the global economy. But that's because people were borrowing money at ridiculous levels (as usual) and banks weren't hedging their bets correctly. When these people, from all classes of the economy, failed to pay off their loans shyt hit the fan in an exponential way. It doesn't actually matter whether people have good investments or not. Since the dawn of basic banking people have jumped in with bad sense and chased after whatever opportunities presented itself. The Feds' interest rate policy isn't the problem there. Thankfully "just printing money" isn't the way that all financial regulators are fighting the problem. To avoid a credit crisis the real problem is and always will be what happens when investment banks and their industry contemporaries intermingle with the everyday person's money through financial instruments they actually have direct control over.

also , go fukk yourself. im done talking to someone as arrogant and condescending as you. come back when you can have a discussion like an adult and actually hear people out before you start name calling or insulting your opponent and trying to make weak ass ad hominem arguments. The simple matter of the fact is if you knew I was wrong, you would just calmly explain it to me like a teacher does to a child, whats really happening though is im challenging your unquestioned assumptions that were drilled into your head by liberal propaganda, and its frustrating the fukk outta you.

 

[Turbulent]

i wonder what would happen if a man accidentally shot a cop. would he be charged?

 

[LV Koopa]

Here @Snoop Dogg this will help you understand why you dont ever buy gold with the intention of using it to buy something else.

http://time.com/money/3517302/should-i-buy-gold/
http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver

You'll notice a very common theme going on: DO NOT USE GOLD TO BUY THINGS

http://www.bankrate.com/finance/debt/is-it-time-to-buy-gold--1.aspx

Notice what gold is being treated as: part of a portfolio, NOT currency

You should also learn how interest rates work and why it makes sense for the government to profit off of lending it out. There isn't some agenda to hold the populace down. Stop touting conspiracy theories and actually go read up on how currency is created, what monetary policy is, and what fractional reserve banking is. Cry all you want but until you have a basic grasp of credit, dollars, and what gold IS then you sound like a fool. You don't even need to be an economics or finance major to get the gist of this stuff.

 

[LV Koopa]

And just to hopefully help you figure out why you would be shytting on yourself if you bought $1,000 worth of gold just to change it right back to cash or buy oil:

Ask yourself - why do pawn shops exist?

and

If I gave you a 100 troy ounce brick of gold and you went to say, the gas station and asked for a gallon of gas you'll find out you can't buy it. 5 gallons? still can't. 100? nope, not unless the guy was greedy as fukk. 1000? maybe, but then you might be selling yourself short. Notice the problem here? and if you somehow solve this (you can but its tedious) you have another very big one on the way

 

[CAC Dogg]

Here @Snoop Dogg this will help you understand why you dont ever buy gold with the intention of using it to buy something else.

http://time.com/money/3517302/should-i-buy-gold/
http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver

You'll notice a very common theme going on: DO NOT USE GOLD TO BUY THINGS

http://www.bankrate.com/finance/debt/is-it-time-to-buy-gold--1.aspx

Notice what gold is being treated as: part of a portfolio, NOT currency

You should also learn how interest rates work and why it makes sense for the government to profit off of lending it out. There isn't some agenda to hold the populace down. Stop touting conspiracy theories and actually go read up on how currency is created, what monetary policy is, and what fractional reserve banking is. Cry all you want but until you have a basic grasp of credit, dollars, and what gold IS then you sound like a fool. You don't even need to be an economics or finance major to get the gist of this stuff.

dude, I know gold isn't a currency, but you can go to any gold store and sell gold for dollars or vis versa, essentially instantly. why is that such a big deal? I've asked you that 5 times and your only response is "YOU JUST DONT GET IT FOOL GO READ BLA BLAH BLAH"

its ok, I know people like you can't actually counter any of my points, you just repeat the same shyt over and over "im smarter than you, you don't know anything, go read". Dawg, ive read extensively about monetary policy, fractional reserve banking and how currency is created. Unless you got an economics degree, I have probably read even more than you. Stop with your basseless ad hominem arguments. You aren't moving the conversation forward at all by saying "NOOOO IDIOT!" over and over, and if that's all you are going to do don't even bother talking to me.

The fact of the matter is the federal reserve system is unconstitutional, inefficient and very possibly corrupt. If it wasn't they would allow an audit. The government loves the fed system because they can rack up trillion dollar budget deficits, when if a balanced budget were required, people wouldn't support the costly bills because they would better understand how costly they truly are when you don't disguise half the cost of government by devaluing currency rather than taxing.

It's common sense that drastically increasing the money supply with result in future inflation, it always has, and just because huge inflation hasn't happened yet doesn't mean it won't, the fed also has every insentive to lie about inflation statistics, and you should not gas and food prices are left out of the inflation calculation (on purpose). The rate of economic growth we achieved by doing this QE was almost certainly not worth it, not to mention very unfair for the future generations that had no say in any of this that will pay the bills of debt and a shytty currency.

 

[Sk3ptical]

He's the equivalent of a white smart dumb nikka.

I don't know if you've ever done a business deal in your life but this isn't evil. In fact it's common sense and done by people everyday. If you borrow money, you lend it out on higher interest to someone else and make a profit. Otherwise no one would lend money. Derp? The actual evil in the system is that investment banks and commercial banks can intermingle in each other's markets through 3rd parties. IE AIG dealing in subprime loans with Morgan Stanley on one end and Chase on the other (simplified example obviously). The true evil is exposing other banks with everyday's people money to risk that they themselves don't have a say in. There are other wicked things that can happen but interest free loans aren't even the problem unless runaway inflation is on the horizon.



You really, really have no clue how the economy works. No government - I repeat - NO GOVERNMENT in the world wants their currency devalued in a fractional reserve system. It is one of the most important things to a nation's well being. That's one of the chief reasons the Federal Reserve exists. We accept that inflation is going to happen but they aren't sitting back worried about what the voters are going to think - they have a much bigger problem known as hyperinflation to worry about. Especially since the Federal Reserve Board isn't affected by voters. I think you keep forgetting it is a private agency.



I thought I explained it quite well. You seem to think that banks(commercial or investment?) are "devaluing" everyone's savings for their own benefit which can't possibly work. If interest rates are low and savings aren't generating money then the commercial banks won't have enough capital to lend to each other and their own customers. IE what I told you at the beginning of this post on how lenders make money - they would actually be fighting against their own way of staying in business. Investment banks on the other hand could benefit from lower interest rates in other ways, but they don't set the reserve rate anyway - they follow what the Federal Reserve does. There are some bad things that happen because of how the Federal Reserve and Big Investment Banks and auditors intermingle personnel over the years but "devaluing savings for their own benefit" is one of the dumbest things you could pull out of your ass.



Sigh. Sure. I have an idea for you - go buy X amount of troy ounces of gold right now for $1,000. Then go try and buy gallons of oil with it. See how stupid the idea is when you go trying to settle an oil futures contract with gold bars while everyone else is dealing with actual currencies. The first thing you'll be worried about is the loss on exchange rate. You don't just say "yea but I could turn gold into dollars" because then you wouldn't have ever needed the gold in the first place. Derp.



It's amazing how you can speak so confidently and be so wrong. 2009 was a low point for the oil industry and 2014 just shattered that. You have to be living under a rock to not notice gas is currently at a low point and companies are cutting investments and production. Interest rates aren't even in the ballpark of why this happens.



Yes and no. Low interests were indirectly part of the reason the subprime mortgage market based on derivatives crashed the global economy. But that's because people were borrowing money at ridiculous levels (as usual) and banks weren't hedging their bets correctly. When these people, from all classes of the economy, failed to pay off their loans shyt hit the fan in an exponential way. It doesn't actually matter whether people have good investments or not. Since the dawn of basic banking people have jumped in with bad sense and chased after whatever opportunities presented itself. The Feds' interest rate policy isn't the problem there. Thankfully "just printing money" isn't the way that all financial regulators are fighting the problem. To avoid a credit crisis the real problem is and always will be what happens when investment banks and their industry contemporaries intermingle with the everyday person's money through financial instruments they actually have direct control over.

who yall talking to, i cant see him

 

[CAC Dogg]

And just to hopefully help you figure out why you would be shytting on yourself if you bought $1,000 worth of gold just to change it right back to cash or buy oil:

Ask yourself - why do pawn shops exist?

and

If I gave you a 100 troy ounce brick of gold and you went to say, the gas station and asked for a gallon of gas you'll find out you can't buy it. 5 gallons? still can't. 100? nope, not unless the guy was greedy as fukk. 1000? maybe, but then you might be selling yourself short. Notice the problem here? and if you somehow solve this (you can but its tedious) you have another very big one on the way

Pawn shops exist to make profit on the exchange, that doesn't mean you couldn't still net a profit after deducting the loss you made to the pawn shop. In fact, if you haven't noticed, gold went way up and it would easily cover this cost had you bought in 2000 and sold in 2009.

You aren't getting the point at all. My point is inflation is causing gas prices to rise, and this is shown by the difference in how much gas you could theoretically purchase with a dollar (300% higher, costs 3x as many dollars to buy a gallon of gas today as it did in 2000), or an ounce of gold (100% higher, stayed the same, you could buy as many gallons of gas with one ounce of gold in 2000 as gallons of gas to gold in 2009 ), from 2000 to 2009.

It doesn't matter if you can buy gas with gold, or that you would lose a few dollars selling gold to a gold shop for dollars, or if you would want to do this or not, it just demonstrates how increasing the supply of a currency will make prices rise.

And you are the one telling me I need a basic understanding of economics lol... I make a point about the dollar being a weak currency and you start ranting about gold not being a currency when I never said anything like this.

 

[CAC Dogg]

Funny how these threads always play out the same. Couple of racist pseudo-intellectuals try to run up and spew their copy-and-paste Wikipedia bullshyt that they barely understand, before I son them and they all start circle jerking each other while they put me on their ignore lists.

Peace bytches.

 

[mrken12]

@Snoop Dogg you were the one with the horrible opinions that were easily dismantled.

You still believed that Mike Brown rushed at the cops when the facts don't support that at all. If anything you're the Wikipedia pseudo-intellectual.

 

[Sk3ptical]

@mrken12 u still dont got that snoop dude on ignore