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I Crashed My Plane

Box truck explodes in flames on Minnesota highway

Dodge Viper Crashes During Street Race || ViralHog

newtboy says...

? What guy on the bicycle? Am I blind? I only see the motorcycle that pulled up after the crash.

Still totally not cool, plenty of opportunities to kill or maim someone. He got lucky. Don’t race on crowded streets with traffic and pedestrians people. Find a farm road or abandoned airport.

SFOGuy said:

The guy on the bicycle looked like another 20 feet and he was a casualty. No cool.

C-note (Member Profile)

BSR (Member Profile)

Plane crashes in China with 132 people on board | USA TODAY

surfingyt says...

dont rule out foul play either. after the initial big drop, the plane leveled out and gained altitude but then proceeded to go vertical again till the crash.

newtboy said:

Reports I read said between the loss of control and impact was over 3 minutes of abject terror for all involved. Yikes!!!

*snuff?

BSR (Member Profile)

BSR (Member Profile)

Why I’m ALL-IN On Tesla Stock

vil says...

Yes but to converge the two sides have to acknowledge the arguments of the other side, unfortunately I am probably not arguing well enough and Im perfectly willing to just give up.

Anyway you seem to be able to research complicated topics well, you can read up about the history and end of the gold standard and about deflation for your own sake in your own time :-)

Fighting against fiat money, reserve banks, inflation and national debt is like fighting against democracy or free speech.
Sometimes democracy gives you Trump, sometimes free speech gives you porn (or worse, Fox news), sometimes the economy gets out of hand, but mostly these things work better than their alternatives and prevent or minimize crashes, based on the experience of the last 200 years. Every time someone thought better, they made things worse.

newtboy said:

No, the point of discussion to come to an understanding IMO, not to just argue.

Ummmm

CNN Confronts Biden Advisor on Ukraine

luxintenebris says...

thought it was gauche to self-promote videos. let alone posting a ménage à trois (or 3 f'n'ing ) videos as 'support'.

give it up comrade.

biden gots US infrastructure; hair hitler rewarded the rich w/tax cuts. if that's a joke, i don't get it.

just some other thoughts while here...

what if the 't' social site ̶r̶o̶l̶l̶ stumble out was dolt 45's doing? having all the red hats make it look like a real going - but they ended up crashing the servers themselves?

also s.o.p. regarding the logo. likely don jr. (or ilk) scrolled for 't' logos and ended up w/an active company's logo. someone gets paid to bilk the organization.*

'hit me w/a feather' forecast: the site goes down and money goes missing. wonder what vegas odds are on this?

just the idea that a notorious liar throws up a site labeled 'truth' makes one think of this famous phrase...

[roy cohen, fiction, and fear. history rhytms.]


*is the 'period' by the 't' suppose to throw us off?

C-note (Member Profile)

Surveillance video of Brightline crash

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

surfingyt says...

IMO they will raise rates. the economy will stall. they will be forced to increase purchases of equities and reduce rates (again). the fed will not let another 2008 happen however they will make the crash that much harder. the house of cards has been built for a long time over many administrations and its waay past the point of any attempt at recovery. delaying the pain will make the pain even worse but when it comes crashing down USD will be gone forever and alternatives (like metals and yes BTC) will reign. you will have time though as petrodollar is king at this point other nations will fall before us. make your time.



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