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Beto O’Rourke “It May Be Funny To You, Mother F*#ker”

newtboy says...

Lies and racist stupidity from a stupid racist liar.

Yes, with a license you can have full auto military weapons. You’re just wrong, as usual. Because they’re so highly regulated you never hear of legal full auto weapons being used in crimes, but they are obtainable. Thanks to the left, kits to turn legal semi auto rifles into full auto are no longer legal to sell. The right opposed making full auto mod kits, ghost gun kits, and 3d printed unregistered guns (semi or auto) illegal to build or sell.

Who told you that idiotic racist lie? 98% of killings are done by thuggish black people? (we all know exactly what you mean when you say “inner city thugs” bob. You don’t hide the racism at all, not one bit.) Just another fact free racist lie, just like when you tried to say 98% of crimes are black on black crimes and I proved that to be a total lie. Just obvious racist fantasy. Cite your source, I bet it’s the KKK, white nationalists, or neonazi sites again, no one else would make up such nonsense and actually think people might believe it. Only crazy right wing cultists are that delusional and gullible. Just so incredible racist and stupid, you fuckwit.

Not only are “inner city thugs” (we know the word you wish you could use) not committing 98% of gun crimes, the most gun crimes per capita don’t happen in cities, definitely not 98% of them by FAR. Here’s some citation for you to ignore and dismiss because it contradicts your racist fantasies-

https://www.bloomberg.com/opinion/articles/2022-06-07/is-new-york-city-more-dangerous-than-rural-america

https://johnjayrec.nyc/2018/05/24/databit201801/

Yes, more gun crime happens in cities where approximately 85% of the population lives. Per capita counties are usually worse, almost always if you count deaths from external sources. Red counties and states consistently lead with the highest gun deaths per capita by far. In 2020, firearms were involved in 79 percent of all homicides and 53 percent of all suicides. Mississippi, Louisiana, Wyoming, Missouri, Alabama, and Alaska have the highest firearm mortality rates in the country, according to the CDC. Here are the 10 states with the highest gun deaths per capita:

Alaska (24.5 per 100k people)
Alabama (22.9 per 100k people)
Montana (22.5 per 100k people)
Louisiana (21.7 per 100k people)
Mississippi (21.5 per 100k people)
Missouri (21.5 per 100k people)
Arkansas (20.3 per 100k people)
Wyoming (18.8 per 100k people)
West Virginia (18.6 per 100k people)
New Mexico (18.5 per 100k people)
Notice a trend?

No bob, most shootings are with legally purchased guns, many bought legally by nut jobs that should be banned from buying them. It’s another lie from you. Cite your source…but wipe it first, I don’t want to have to read through your dingleberries. (I feel I need to explain because your comprehension is non existent…I’m saying you got it out of your ass).
This case, the seriously troubled kid waited until he was 18 to legally buy the gun he intended to use to murder people. If he had to wait until he was 21, it would have helped. If he had to pass a mental health screening, there would have been no Uvalde.

The right is willing to lie, obfuscate, try red herring false deflections like you just did, try racist deflections like you just did, try nonsense conflation, exaggerate to the extreme like stating a 21 year age limit for semi auto weapons or a mental health component to the licensing application process is taking your guns…anything but addressing the issue.

The right is also 100% opposed to funding mental health facilities/programs to help the underlying mental health disaster we have in America (that single payer health care would cover). Gun deaths went up 35% 2019-2020 under Trump and have dropped precipitously under Biden.

Just idiotic obvious racist lies here from you, nothing more, no facts, no ideas, no solutions, not even correctly identifying the problem, but scapegoating a group you clearly are prejudiced against (although you’re too cowardly to admit it, but there’s zero doubt).

Shame, you cowardly racist liar….if only you were capable of shame you would end yourself in contrition.
.

bobknight33 said:

@newtboy
@BSR
@mram


You can not have a military automatic weapon.

2nd 98% of killings are done by inner city thugs and yet the left only focus on suburban , school, theater killings .


Left wants to make it harder for people to buy legal -- The real problem is the illegal guns that are doing most killing - destroying families . cities. soles

The left has no desire to truly address this issue in their cities.

Beto O’Rourke “It May Be Funny To You, Mother F*#ker”

How One Powerful Family Destroyed A Country

newtboy says...

Wow.
Sounds incredibly similar the Trump family.
Nepotism to the extreme, massive borrowing, huge financial ties to Russia and China, huge corruption and theft problems at the top, completely ignoring the plight of the quickly growing poor populace, relying on questionable at best future earnings to repay massive overspending wasted on useless wasteful projects, living lavish lifestyles as the country dwindles, printing money to pay for internal projects, causing massive inflation, refusing to leave office, ….

This could be America if Trump gets a second term. Good find, Bob.

Biden and the June job reports

newtboy says...

Noooo….you still don’t like Biden. You still think self serving narcissistic Trump was a leader, but a lifelong frugal public servant isn’t. Nooooo! (I know there’s no breaking through your fantasy, bob. You are a lost cause, totally divorced from reality and totally uninterested in honesty).

No bob, I mean the Union…as in the United States of America. As in the Union vs the Confederacy. Trump nearly dissolved the Union, so much that Republican platforms now include secession as their goal. Derp. Another “L” for your column. Another dunce cap for your collection.
Republicans want to erase America out of infantile spite, but have no idea what to do afterwards. Better learn Chinese or Russian, red states can’t afford to defend themselves, you are all welfare queen states with the highest murder and crime rates.

Side note: But, this means you are anti union, so 100% anti worker? Really? What favors has Biden handed unions? Most unions (all you oppose) lobby for workers, blue collar employees. You would limit lobbiests to to those lobbying for billionaires and huge corporations (including religious corporations) that actively lobby against workers rights, pay, safety, ecological responsibility, hours, etc. Think about that.

You fucking moron, it went from 3.08% (higher than Trump ever reached) in 2015 under Obama to -3.5% in 2020 (the lowest ever in history). Who the fuck told you .2%? Who told you Trump left it at 2.5%? Overall Obama’s growth rate was actually 50% higher than Trump’s, and Obama inherited a deep recession, Trump inherited a boom. They outright lied to you, and you just lapped it up without ever looking. They’re feeding you poo pie bob, not chocolate. I really wish I didn’t have to spend so much time correcting your obviously fabricated statistics, especially since you only spout them to force a correction, getting you attention, not because you believe or even understand them. So you understand, printing 50% more money while your economy is in the worst contraction ever causes inflation, and that’s what Trump did in 2020 while focusing on the election he lost in a landslide and ignoring the pandemic and economy.

Jobs?!? Obama job growth was near 8% adding 12.5 million jobs, Trump was the only president ever to lose jobs, losing 3.2 million. Another 100% break from reality, buddy. I’m telling you, you need professional help.

Yes, Trump did turn us around, from a massive recovery and booming economy to massive economic losses, job losses, absolutely insane deficits and trying to double the debt, huge money printing in 2020 (magic wand waiving) that creates massive inflation (that he now blames Biden for), undreamed of losses of life, and teetering on the brink of depression and pandemic. He made us madder. For libs that means angry, for cons that means totally bat shit crazy with no ties to reality at all.

Far from it, lots of positive, but so much negative left from the previous one we are still in the red.

They have made policies that help the American pocketbook, Trump robbed it blind to hand to billionaires (and fake billionaires).

Who told you that lie. The Democrats have done everything they legally can to force oil companies to increase production and stop price gouging, Republicans all voted against doing anything, then claim “Biden’s fault”. No fossil fuel production has been cut. You’ve been lied to, and you aren’t intellectually honest enough to investigate for yourself…you don’t want to hear the truth.

Republicans are to blame for high fuel prices, Democrats are responsible for the recent lowering. Democrats are making efforts to lower them further, Republicans are 100% opposed to any actions.

Trump benefited on fuel costs thanks to the economic collapse he caused by denying and ignoring Covid for months, dropping the demand for fuel to nothing…not a good policy overall, or do you suggest killing another million and shutting down another year to lower gas prices?


Lol. You are claiming reports say the average American spends $500 more on fuel and goods per month than under Trump? What reports? Glen Beck, AON, or Rush Limbaugh’s ghost? Only if you are a trucker using hundreds of gallons of gas a month. Even in California, fuel cost has gone up less than 1/5 of what you say.

Trump cost you SO much more than $6k per year, over $60k per taxpayer on the official debt alone…and these extra expenses (probably $100-$200 per month tops) are thanks to Trump printing 1/3 of every dollar in circulation (inflation) and fuel supply and demand being out of hand intentionally because oil companies make more money by producing less, and aren’t nationalized so the government can’t force them to stop gouging.

Such nonsense bob. Your facts are all wrong, and since you won’t investigate you are just going to continue to believe the lies you were fed. The people you listen to are making money off your beliefs, bob, and they see you as a huge sucker they can convince of anything and get your money or support for their America destroying “get me richer quick” schemes.

🤦‍♂️

Summary, since I don’t think you can read that much.
Union = United States Union, not unions
Gdp- Obama 1.59% rising consistently during his presidency Trump 1% falling precipitously to the worst ever in history. Also never beat Obama’s high.
Jobs- Obama added 12.5 million, Trump lost 3.2 million
Debt- Obama added $9 trillion, ending a recession and creating a boom over 8 years. Trump added $8 trillion on the books (and trillions more off the books) in 4 years ending a boom and creating a recession
Deficit- 2020 was the biggest budget deficit ever by >200% at $3.13 trillion and added well over $4.2 trillion to the debt that year, way more than 2021 at a still horrific $2.7 budget deficit but ending adding only $1.5 to the debt.

https://www.thebalance.com/us-deficit-by-year-3306306

Oil/gas price - all cost cutting measures opposed by Cons.

bobknight33 said:

I applaud the jobs #

But when you say *quality leadership, -- You are Sadly mistaken .

Putting Union back together -- you mean political payback for all the $ spent buying Biden / Democrats that Biden is now paying back the unions in favors?

So you are saying that You are in favor of big business buying our politicians and getting special breaks using American tax dollars.

What Trump damage. Went from a 0.2% GDP growth /yr to 2.5 + Growth. Obama touted that this0.2% was the new norm and Trump claimed BS. Trump said he wold crate jobs and Obama dumbly said how by waving a magic wand.


Trump, for all his BS turned America around and mad all of us better.

A strong work force is the only positive news of this Admin.

Biden and Democrat policies can make policies that help the American pocketbook but wont.


This biggest is the party stance on oil. Americans are getting poorer mostly from this fact alone. The party decided to cut out fossil fuels and go green. This decision is costing families hundreds of dollars extra, that they don't have every month.

Not just from the extra at the pump but also the extra cost to deliver goods and services .



Current media reports that this extra cost is running about 500$/month 6K$/year.

This is you man Joe, and his party's policies?

I just assume to keep Trump , mean tweets and all, and keep the $6 grand / year in my pocket.

Wikipedia's Bias

newtboy says...

Stossel couldn’t back up that claim, that left and right are equally honest, because far right sites/outlets are intentionally +-95% untruthful while far left sites are 5-10% untruthful (and often print corrections).

Remember, I think it was Newt Gingrich who said “facts are for liberals”. The right wing abandoned facts and truth completely by 2008 at the latest.

A site that is designed to contain honest facts should, and seemingly does have no political affiliation, and should not strive to be politically balanced. It should strive to be correct. I think they do this. That leaves the lying right wing media out, but not based on politics.

visionep said:

To me, it appears the main point of Stossel's concern is that the point of view isn't balanced politically. That's fine and all, but using the accepted list of credible sources as the evidence is false equivalency.

The question of whether the sources are factual or not in their reporting is 100% different than whether the sources slant their reporting to a specific narrative.

If he wanted to make the case that all of the left/far left sites are as untruthful as the right/far right sites then he should have introduced some additional analysis of the truthfulness of the articles on the sites. He didn't do that so his comparison is basically invalid.

The Man Who Accidentally Killed The Most People In History

BSR says...

My first job was when I was 14 at the town newspaper at the end of my street. They had a machine called a Linotype. (line of type)

It made type ingots from lead which would print text after being inked up and then pressed onto paper. Sometimes my job was to clean the ink off them and put them into buckets so they could be melted down and used again. My hands would be coated with lead.

I also handled lead type in high school for two years.

Guess I should get tested eh?

When it comes to memory issues, I've had a bad memory for as long as I can remember.

You can see the lead bar hanging on the machine.


This man is POTUS

newtboy says...

As usual, you are just wrong…build back better is not an inflation plan you twit.

Step 1, fill the office that handles inflation, not keep it so understaffed that it can’t legally hold a functioning meeting to do anything like Republicans did all through Trump’s tenure and continue to do.

Without a functioning fed, Biden can only add bandaids. If you took civics, or cared to know what you are talking about, or just read what you are told when you ask these ignorant questions, you would know this.

Trump spent more than Obama without starting in a recession he crawled out of but instead starting with a healthy economy causing a recession, spent way more if you count all the extra money he had “printed”. That causes inflation…but not instantly. He spent the most by far in 2020, anyone with 1/2 a brain saw inflation would be the result, we all told you then. You still refuse to or are incapable of understanding.

Biden is a Democrat, so you ignore the one to blame and blame him. I notice you NEVER blamed the last figurehead…the one who knew nothing, had no experience, and led us into a near depression/pandemic then tried to overthrow democracy in America. Idiot.

You are so full of shit with that last. Give me 3 examples when Democrats voted against a plan they created to stop a win, 3 examples when democrats voted against something they said was good for their constituents simply to deny Republicans a win, because I can point to 3 instances when McConnel actually went out publicly and said that’s the Republican plan….and dozens of instances when he implemented that plan.

He now says if Republicans get control, there will be no more hearings to fill any vacancies in government by Biden, just let the country fall apart for 2-6 more years until they get to force someone in. Who cares that it destroys the economy, infrastructure, and the union…no win for dems is all that counts.

bobknight33 said:

And what is Biden plan to stop inflation?

Spend more money via Build back better. That's his plan.
The Fed reserve manages inflation. They don't cause it.
This all started at least a decade ago when government spending really went off the rails and has yet to be controlled.

Biden is the figure head and hence gets the blame.


If a bill truly helps Americans, Democrats would stop a Republican win just as much as Republican would stop a Democrat win.

How Does Kodak Make Film? (Kodak Factory Tour)

BSR says...

Excellent video!

Have had much experience with Kodak films. B/W film of which I had much time in the darkroom processing the film and then making prints. I also had the chance to work with an Award winning Press Photographer.

One question I had for him was, how does he process his film to get such clear, sharp negatives? My prints would sometimes look grainy or flat. His answer was just 5 words that made me feel like an idiot.

"I just follow the instructions" he said without being insulting.

He told me that Kodak spends millions of dollars to come up with the processing instructions so, "why should I do anything different?"

That's when it hit me. I'm processing film, not mixing drinks.

Thank you 81 million, thank you!

newtboy says...

Still no answer to posting an insanely edited misrepresentation video….no surprise. You’re an infant. A dishonest racist and sexist infant propagandist.

Yes Bob.
Because she’s a black woman, you can’t accept that she’s accomplished, that she earned her position. That is racist and sexist. I know your little brain has trouble figuring that out.

You are a blatant racist piece of shit. Evidence: your comment above and all previous racist comments
You are a blatant sexist piece of shit. Evidence: your comment above and previous sexist comments
You are an ignorant, moronic piece of shit. Evidence: all your previous comments
You are a pro Putin, anti American, anti democratic piece of shit. Evidence: many of your previous comments.
Plenty of hammer and sickles, Russian, and nazi flags at your far right rallies…for years now. Not found at Democratic rallies, you dumb shit.

https://www.independent.co.uk/news/world/americas/donald-trump-cpac-russian-flags-speech-republicans-support-president-latest-a7598276.html

Better red than blue is a Republican slogan, you lying piece of shit.
We should be friends with Putin and let him expand is a Trump position, not Biden dumbshit.


All those are insults to shit and complimentary to you….better than you deserve. You lying worthless waste of skin. Fuck you you liar.

All delusional nonsense bullshit Bob. How many Republicans went on international tv to tell those immigrants the border is wide open, starting new waves of immigrants? Not one Democrat did that.
Energy independence is a lie, we never stopped importing oil, you liar. We produce more oil today than under Trump.
Inflation is a Trump legacy, idiot. It will get worse. That’s the problem with just printing 1/3 of every dollar over 4 years, it makes every dollar worth 1/3 less. Trump did that, not Biden. When inflation hits over 33%, we can talk….until then keep your ignorant whining to yourself.

Trump spent far more money than any two terms of any administration and for that we had a recession, 750000 dead, Russia expanding, a useless wall that hasn’t stopped a single immigrant, inflation through the roof, negative GDP, skyrocketed unemployment, an insurrection, etc. Nothing good to show for it, no investments in America, just failed trade agreements, wasteful spending like drunken sailors, huge debt, loss of international standing, loss of allies, recession, and unprecedented death.

Anti immigration = anti American. Anti democracy = anti American. Pro Russia = anti American. Pro China = anti American. Vote fraud = anti American. Insanely high deficits = anti American. Doubling the debt = anti American. Tax breaks for the rich = anti American. Removal of social safety nets = anti American. Racism = anti American. Sexism = anti American. Fraud = anti American. Insurrection = anti American. White Nationalism = anti American. Suggesting the death penalty for people not even charged with a crime = anti American. These are all Trump policies, bob.

I paid less for gas last week than I paid in 2019, dumbass. $5 a gal for super.

I know you don’t remember, because it wasn’t yesterday, but Trump policies caused all your issues…including your panicked insanity. Trump was the worst president in history by far by almost every measure. Biden is an unqualified success by comparison, and you can’t stand it so you go off on insane sexist racist rants, like accusing the accomplished professional VP of sleeping her way to the top despite not having a clue with who or how that could work in public office.

Edit: Here’s your chance, exactly who do you claim she slept with to be elected VP? 1/2 of America? The entire DNC? Who? How does that work, exactly? (Don’t worry, no one expects you to be able to answer, we know you don’t have a clue, and that you can never back up your hysterical delusional racist claims).

Biden removed the national cancer. He’s a winner no matter what else happens.
Trump will always be the biggest loser, the worst president in history by far. He made W look reasonable and competent! Deal with it.

Edit: oops…I missed the part where shipping logistics are now Biden’s fault, even though the issue began in 2020 and is purely in the private sector. I guess you are upset Biden hasn’t nationalized the ports so he can take control? Same complaint about the oil industry. If it’s Biden’s issue, you must be suggesting he take charge, and the only way possible would be by the nationalization of private industry. Who’s the socialist? ROTFLMFAHS!!!

bobknight33 said:

racist sexist???



You making her color is racist.

Sexist. I think not.
She is a political whore. Slept with who ever to get her power.

She is not VP material by any measure. You know it .

Hulett ore unloaders.

Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

vil says...

TLDR Printing money is not a solution to anything, also it is not the reason the economy sucks.

Oh yeah, Tesla stock, isnt there a rule of thumb where youre not meant to invest more than 20% of your funds in one vehicle? (insert pun apology)

If by all-in you mean investing all your stock funds in tesla, while you own your house (land?) and keep your pension plan and short term savings and long term non-stock investments intact then go for it! May you live in interesting times!

Why I’m ALL-IN On Tesla Stock

vil says...

If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

newtboy said:

The fed printing money is (one reason) why the economy is a disaster.
Every dollar the fed prints makes every dollar worth less….and eventually worthless.
The fed keeping a moderate reserve and releasing some to stabilize the economy AND RECAPTURING IT LATER keeps economy swings moderate. (You just have to not listen to morons who don’t ever want to rebuild the reserve because it cools off hot economies, and instead they want to live on credit).
Printing money is NOT a permanent solution to not having enough money, and doesn’t keep the economy stable long term. Ask Venezuela.

Basing your dollar’s value on gdp means another 2020 and it might disappear altogether instead of just seeing high inflation for years….no advantage there

Why I’m ALL-IN On Tesla Stock

newtboy says...

No.
IMO….The fed printing money is (one reason) why the economy is a disaster.
Every dollar the fed prints makes every dollar worth less….and eventually worthless.
The fed keeping a moderate reserve and releasing some to stabilize the economy AND RECAPTURING IT LATER keeps economy swings moderate. (You just have to not listen to morons who don’t ever want to rebuild the reserve because it cools off hot economies, and instead they want to live on credit).
Printing money is NOT a permanent solution to not having enough money, and doesn’t keep the economy stable long term. Ask Venezuela.

Basing your dollar’s value on gdp means another 2020 and it might disappear altogether instead of just seeing high inflation for years….no advantage there

vil said:

No!

A gold standard provides none of the perceived advantages.
There was never any stability under a gold standard.
Unless its just a Bretton-Woods type "gold" standard where the gold is symbolic. The fed printing money is what keeps economy swings moderate.

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vil says...

No!

A gold standard provides none of the perceived advantages.
There was never any stability under a gold standard.
Unless its just a Bretton-Woods type "gold" standard where the gold is symbolic. The fed printing money is what keeps economy swings moderate.

surfingyt said:

yes!



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