*required viewing

Excellent! I've been waiting to hear Peter's reaction to all this.

so what should you do?

Invest in Top Ramen.

Commodities you fools, do not invest in money, because money is only paper.

So lets do some high school economy here.

When you borrow a quarter from a friend for a candy bar, on loan with no interest (assuming your friend cannot calculate for interest at this time, or is nice enough to let you freely spend without risk of interest) how do you recoup that debt? You pay it back.

Or you face the wrath, with lenders it usually some repo man.

What is equity? Home equity is the value of a homeowner's unencumbered interest in their property, i.e. the difference between the home's fair market value and the unpaid balance of the mortgage and any outstanding debt over the home. Equity increases as the mortgage is paid or as the property enjoys appreciation. This is sometimes called real property value in economics.

In short if your house costs 10 dollars, and you have payed 5 dollars. You can take a loan out on the 5 dollars that you still need to pay.

In short, don't do it, the asset is not liquid.

Liquid assets are the easiest to make into cash. Basically Commodities that you own.

An equity loan is a loan based on numbers, and in essence has no value.

In certain countries it is tax deductible meaning these governments reward this kind of thing.

FFS: You cannot continue to trade on numbers on paper. They have no value, promissory notes have no value. If currency has no real liquid asset behind it then it is not worth any thing.

As always.. Peter is correct. I remember people on here laughing at him when we would post his vids too.

I've watched every video clip of Schiff, and listened to Ron Paul in the senate hearings with the banks.

I have yet to hear either one of them to tell the rest of us what they think can help us get out of this mess. Neither of them, as far as I can find, have said anything productive. Just a lot of historical perspective, and the "how we got in this mess" routines.

If Obama's speeches about Iraq were only about how we got into that mess, and nothing about how we can get out, people wouldn't listen to him. Why do Paul and Schiff get a pass?

HELP US OUT GUYS! I'd like to hear what you have to say, but you're not saying it.

the problem is sometimes u just need a kick in the balls u have to take it and then get over it , at the moment the goverments r holding back the kick in the balls but presenting it as if we are having padding ore something that lets the kick in the balls take place slower, however mutch mony you throw at this and whatever systems you use int he end we are going to get a kick in the balls, i dont know about you guys but if i know something bad is coming and i also know it wont kill me i like to get it out the way.

so open up your legs and take it.

(i have some balls to lend to women if thay would like to borow them )

westy is my new favourite mentalist.

>> ^volumptuous:
I've watched every video clip of Schiff, and listened to Ron Paul in the senate hearings with the banks.
I have yet to hear either one of them to tell the rest of us what they think can help us get out of this mess. Neither of them, as far as I can find, have said anything productive.

They're not proposing ways to fix it because their view is that trying to fix it is making it worse. They've both said that we should let companies fail instead of printing more money to keep them alive. I think almost every Schiff video I've seen has said something to this effect.

Basically their message is that if a company can't keep up then let them die and more competent companies will fill the void. How do you keep every car company alive with diminishing demand? You can't, but if a few die then there is more market for the healthier ones. Sure, people are going to lose their jobs, but you can't prop up failing organizations just to keep people employed.

I'm pretty sure that both of them understand that the way to fix the economy is by dismantling the fed. Ron Paul is a little more vocal about it though..

>> ^volumptuous:
Neither of them, as far as I can find, have said anything productive. Just a lot of historical perspective, and the "how we got in this mess" routines.


They warned people at the time when they may have been able to fix/patch the problem, but everyone had a good laugh and now it's too late.

As Westy brilliantly put it, it's time for the kick in the balls because you've wound someone up too much for too long.

By delaying the kick in the balls when the ball crunching time comes, it's going to be extra, extra painful.

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>> ^volumptuous:
I've watched every video clip of Schiff, and listened to Ron Paul in the senate hearings with the banks.
I have yet to hear either one of them to tell the rest of us what they think can help us get out of this mess. Neither of them, as far as I can find, have said anything productive.


I sincerely hope you're joking, because they constantly state that withdrawal symptoms after the inflationary high are unavoidable and can't be fixed, but that the best thing the government can do is see the hangover as the solution and stop administering more drugs and shock therapy. The recovery to a viable economy can happen a lot sooner if the government stops trying to inflate and redistribute its way out. We need to immediately start cutting Federal government excess to reduce the financial burden on our citizens. Their retirement schemes are unsustainable no matter what and need to be phased out over many years. Entire departments like FEMA, Homeland Security, and the Department of Education have to go, along with our military empire, so that we can abolish the 40% of Federal revenue attributed to Federal Income Tax. With a flat tax or no income tax, the IRS is then superfluous and can be abolished. GSEs like Fannie Mae and Freddie Mac will have to be outlawed, subsidies and marriage debates will be resolved because without an income tax, it will be impossible for government to issue tax differences on particular types of marriage, families, incomes, or investments based on social engineering concepts.

The constitution will then need to be clarified to abolish the central bank, because congress has no constitutional authority to create a fiat money or delegate such powers to the private industry. This will require some new judicial appointments. I'm also quite certain a Paul presidency would look at every piece of legislature and ask "was this a lobby bill? does it prevent a cheaper product or service from being chosen?" I hear these are prevalent in the medical industry where he was an OBGYN. For example, there are regulations that bar nurses from performing services doctors can. Lots of licensure and red tape protects that industry. And I'm 100% sure he would immediately end the Federal ban on marijuana bought by the drug industry, that would consequently save billions wasted by the FBI and our prison system trying to fight something 10x less harmful than legal drugs.

What is it about you Paultards?

This schiff dude predicted it - that IS pretty impressive.

However, so many people have formed a cult around Paul and Schiff. This is not healthy.

Much like the pacificists(looking at you MINK), there is a dramatic and substantial difference between idealogical merit and practical application. The world is too messy to allow for it.

But I guess it's ok on the internet?...

>> ^Throbbin:
What is it about you Paultards?
This schiff dude predicted it - that IS pretty impressive.
However, so many people have formed a cult around Paul and Schiff. This is not healthy.
Much like the pacificists(looking at you MINK), there is a dramatic and substantial difference between idealogical merit and practical application. The world is too messy to allow for it.
But I guess it's ok on the internet?...


I'm guessing you're referring to military spending, so I'll just leave you to it. It's not like it's even possible to continue doing it, it will either end voluntarily or involuntarily, there's simply no way to fund it without hyperinflation. I'm personally satisfied with nuclear arms, no country with nuclear weapons has ever been invaded. 9/11 was a poor man's stunt that we should be blaming on our own ineptitude. We were lazy on intel, there were no plane sheriffs, and cockpits had no barricades. If any one of those had been addressed, it would have failed.

Keep on believing that "national defense" is Americans sacrificing their kids to defend countries other than America, buddying up with some dictators and overthrowing others, and building bases around the world. As for psychopaths, have fun spending trillions to play terrorist whack-a-mole where your collateral damage produces more terrorists than it kills. That's exactly what Bin Laden wanted, he can inflict so much more damage and recruit so many more people if we're mired in sectarian Islamic strife.

If the govt shts wanted the economy to "heal" quickly they'd end all bailouts, slash taxes, promise to do nothing further and then STFU and actually DO NOTHING.

It'll never happen. Socialist utopians want "action" that "gets results" while not caring what the results are. All politicians' fragile egos demand credit for victories they had nothing to do with and blame anyone but themselves for failures.

A little anarchy is in order.