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  Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
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285697.  Myroniuk  
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 More options Dec 11, 12:31 am
From: Myroniuk <mmyron...@gmail.com>
Date: Thu, 10 Dec 2009 21:31:42 -0800 (PST)
Local: Fri, Dec 11 2009 12:31 am
Subject: Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
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Hey, wait a second, Buyit's doing time and you're alive....

On Dec 11, 12:30 am, Myroniuk <mmyron...@gmail.com> wrote:


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  Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
285696.  Myroniuk  
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 More options Dec 11, 12:30 am
From: Myroniuk <mmyron...@gmail.com>
Date: Thu, 10 Dec 2009 21:30:36 -0800 (PST)
Local: Fri, Dec 11 2009 12:30 am
Subject: Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
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http://www.poster.net/hayek-salma/hayek-salma-photo-salma-hayek-62059...

http://www.hollywood-celebrity-pictures.com/Celebrities/Marisa-Tomei/...

http://images.fanpop.com/images/image_uploads/Jennifer-Love-Hewitt-je...

http://www.1800-sports.com/images/dolphins-cheerleaders-lilly-robbins...

On Dec 10, 11:34 pm, "screenwriter.ny" <screenwriter...@gmail.com>
wrote:


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  Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
285695.  Myroniuk  
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 More options Dec 11, 12:26 am
From: Myroniuk <mmyron...@gmail.com>
Date: Thu, 10 Dec 2009 21:26:39 -0800 (PST)
Local: Fri, Dec 11 2009 12:26 am
Subject: Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
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SCARY!!!! YOU'RE FVCKING BACK!!!!!!

On Dec 10, 11:34 pm, "screenwriter.ny" <screenwriter...@gmail.com>
wrote:


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  Re: WTF is up with the board today?
285694.  Eddie Willers  
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 More options Dec 10, 11:47 pm
From: Eddie Willers <eddie.willers...@gmail.com>
Date: Thu, 10 Dec 2009 20:47:05 -0800 (PST)
Local: Thurs, Dec 10 2009 11:47 pm
Subject: Re: WTF is up with the board today?
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The Rom,

Surviving this deserves a medal:

After delivering critical parts for the first atomic bomb to the
United States air base at Tinian on 26 July 1945, she was in the
Philippine Sea when attacked at 0014 on 30 July 1945 by the Imperial
Japanese Navy submarine I-58. The ship sank in 12 minutes. Of 1,196
crew aboard, approximately 300 went down with the ship. The remaining
crew of about 900 faced exposure, dehydration and shark attacks as
they waited for assistance while floating in shark-infested waters
with no lifeboats and almost no food or water. The ship was not listed
overdue and the survivors were spotted by accident four days later.
There were only 317 survivors.

I have a family member who did survive the sinking of the USS
Indianapolis.  He was part of the "oil gang" and he earned a purple
heart.  You're damn straight men and women who go through something
like that deserve and appreciate recognition for their sacrifice.  He
suffered every day of the rest his life, but he was proud of his
medal.

Try to imagine bobbing in the beautiful deep blue sea for four days
and watching SIX HUNDRED of your fellow crew men chewed to death by
sharks.

On Dec 10, 7:13 pm, Thinkdamnit2 <think.damn...@gmail.com> wrote:


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  Re: Abortion is Okay
285693.  Eddie Willers  
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 More options Dec 10, 11:37 pm
From: Eddie Willers <eddie.willers...@gmail.com>
Date: Thu, 10 Dec 2009 20:37:17 -0800 (PST)
Local: Thurs, Dec 10 2009 11:37 pm
Subject: Re: Abortion is Okay
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she just looks better the more you look, that girl is phucking smoking
hot

On Dec 10, 4:22 pm, Thinkdamnit2 <think.damn...@gmail.com> wrote:


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  Re: Ron Paul: Legal Tender Laws Have Got To Go
285692.  Eddie Willers  
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 More options Dec 10, 11:35 pm
From: Eddie Willers <eddie.willers...@gmail.com>
Date: Thu, 10 Dec 2009 20:35:33 -0800 (PST)
Local: Thurs, Dec 10 2009 11:35 pm
Subject: Re: Ron Paul: Legal Tender Laws Have Got To Go
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Gold and Economic Freedom

by Alan Greenspan

This article originally appeared in a newsletter: The Objectivist
published in 1966 and was reprinted in Ayn Rand's Capitalism: The
Unknown Ideal

An almost hysterical antagonism toward the gold standard is one issue
which unites statists of all persuasions. They seem to sense - perhaps
more clearly and subtly than many consistent defenders of laissez-
faire - that gold and economic freedom are inseparable, that the gold
standard is an instrument of laissez-faire and that each implies and
requires the other.

In order to understand the source of their antagonism, it is necessary
first to understand the specific role of gold in a free society.

Money is the common denominator of all economic transactions. It is
that commodity which serves as a medium of exchange, is universally
acceptable to all participants in an exchange economy as payment for
their goods or services, and can, therefore, be used as a standard of
market value and as a store of value, i.e., as a means of saving.

The existence of such a commodity is a precondition of a division of
labor economy. If men did not have some commodity of objective value
which was generally acceptable as money, they would have to resort to
primitive barter or be forced to live on self-sufficient farms and
forgo the inestimable advantages of specialization. If men had no
means to store value, i.e., to save, neither long-range planning nor
exchange would be possible.

What medium of exchange will be acceptable to all participants in an
economy is not determined arbitrarily. First, the medium of exchange
should be durable. In a primitive society of meager wealth, wheat
might be sufficiently durable to serve as a medium, since all
exchanges would occur only during and immediately after the harvest,
leaving no value-surplus to store. But where store-of-value
considerations are important, as they are in richer, more civilized
societies, the medium of exchange must be a durable commodity, usually
a metal. A metal is generally chosen because it is homogeneous and
divisible: every unit is the same as every other and it can be blended
or formed in any quantity. Precious jewels, for example, are neither
homogeneous nor divisible. More important, the commodity chosen as a
medium must be a luxury. Human desires for luxuries are unlimited and,
therefore, luxury goods are always in demand and will always be
acceptable. Wheat is a luxury in underfed civilizations, but not in a
prosperous society. Cigarettes ordinarily would not serve as money,
but they did in post-World War II Europe where they were considered a
luxury. The term "luxury good" implies scarcity and high unit value.
Having a high unit value, such a good is easily portable; for
instance, an ounce of gold is worth a half-ton of pig iron.

In the early stages of a developing money economy, several media of
exchange might be used, since a wide variety of commodities would
fulfill the foregoing conditions. However, one of the commodities will
gradually displace all others, by being more widely acceptable.
Preferences on what to hold as a store of value, will shift to the
most widely acceptable commodity, which, in turn, will make it still
more acceptable. The shift is progressive until that commodity becomes
the sole medium of exchange. The use of a single medium is highly
advantageous for the same reasons that a money economy is superior to
a barter economy: it makes exchanges possible on an incalculably wider
scale.

Whether the single medium is gold, silver, seashells, cattle, or
tobacco is optional, depending on the context and development of a
given economy. In fact, all have been employed, at various times, as
media of exchange. Even in the present century, two major commodities,
gold and silver, have been used as international media of exchange,
with gold becoming the predominant one. Gold, having both artistic and
functional uses and being relatively scarce, has significant
advantages over all other media of exchange. Since the beginning of
World War I, it has been virtually the sole international standard of
exchange. If all goods and services were to be paid for in gold, large
payments would be difficult to execute and this would tend to limit
the extent of a society's divisions of labor and specialization. Thus
a logical extension of the creation of a medium of exchange is the
development of a banking system and credit instruments (bank notes and
deposits) which act as a substitute for, but are convertible into,
gold.

A free banking system based on gold is able to extend credit and thus
to create bank notes (currency) and deposits, according to the
production requirements of the economy. Individual owners of gold are
induced, by payments of interest, to deposit their gold in a bank
(against which they can draw checks). But since it is rarely the case
that all depositors want to withdraw all their gold at the same time,
the banker need keep only a fraction of his total deposits in gold as
reserves. This enables the banker to loan out more than the amount of
his gold deposits (which means that he holds claims to gold rather
than gold as security of his deposits). But the amount of loans which
he can afford to make is not arbitrary: he has to gauge it in relation
to his reserves and to the status of his investments.

When banks loan money to finance productive and profitable endeavors,
the loans are paid off rapidly and bank credit continues to be
generally available. But when the business ventures financed by bank
credit are less profitable and slow to pay off, bankers soon find that
their loans outstanding are excessive relative to their gold reserves,
and they begin to curtail new lending, usually by charging higher
interest rates. This tends to restrict the financing of new ventures
and requires the existing borrowers to improve their profitability
before they can obtain credit for further expansion. Thus, under the
gold standard, a free banking system stands as the protector of an
economy's stability and balanced growth. When gold is accepted as the
medium of exchange by most or all nations, an unhampered free
international gold standard serves to foster a world-wide division of
labor and the broadest international trade. Even though the units of
exchange (the dollar, the pound, the franc, etc.) differ from country
to country, when all are defined in terms of gold the economies of the
different countries act as one-so long as there are no restraints on
trade or on the movement of capital. Credit, interest rates, and
prices tend to follow similar patterns in all countries. For example,
if banks in one country extend credit too liberally, interest rates in
that country will tend to fall, inducing depositors to shift their
gold to higher-interest paying banks in other countries. This will
immediately cause a shortage of bank reserves in the "easy money"
country, inducing tighter credit standards and a return to
competitively higher interest rates again.

A fully free banking system and fully consistent gold standard have
not as yet been achieved. But prior to World War I, the banking system
in the United States (and in most of the world) was based on gold and
even though governments intervened occasionally, banking was more free
than controlled. Periodically, as a result of overly rapid credit
expansion, banks became loaned up to the limit of their gold reserves,
interest rates rose sharply, new credit was cut off, and the economy
went into a sharp, but short-lived recession. (Compared with the
depressions of 1920 and 1932, the pre-World War I business declines
were mild indeed.) It was limited gold reserves that stopped the
unbalanced expansions of business activity, before they could develop
into the post-World Was I type of disaster. The readjustment periods
were short and the economies quickly reestablished a sound basis to
resume expansion.

But the process of cure was misdiagnosed as the disease: if shortage
of bank reserves was causing a business decline-argued economic
interventionists-why not find a way of supplying increased reserves to
the banks so they never need be short! If banks can continue to loan
money indefinitely-it was claimed-there need never be any slumps in
business. And so the Federal Reserve System was organized in 1913. It
consisted of twelve regional Federal Reserve banks nominally owned by
private bankers, but in fact government sponsored, controlled, and
supported. Credit extended by these banks is in practice (though not
legally) backed by the taxing power of the federal government.
Technically, we remained on the gold standard; individuals were still
free to own gold, and gold continued to be used as bank reserves. But
now, in addition to gold, credit extended by the Federal Reserve banks
("paper reserves") could serve as legal tender to pay depositors.

When business in the United States underwent a mild contraction in
1927, the Federal Reserve created more paper reserves in the hope of
forestalling any possible bank reserve shortage. More disastrous,
however, was the Federal Reserve's attempt to assist Great Britain who
had been losing gold to us because the Bank of England refused to
allow interest rates to rise when market forces dictated (it was
politically unpalatable). The reasoning of the authorities involved
was as follows: if the Federal Reserve pumped excessive paper reserves
into American banks, interest rates in the United States would fall to
a level comparable with those in Great Britain; this would act to stop
Britain's gold loss and avoid the political embarrassment of having to
raise interest rates. The "Fed" succeeded; it stopped the gold loss,
but it nearly destroyed the economies of the world, in the process.
The excess credit which the Fed pumped into ...

read more »


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  Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
285691.  screenwriter.ny  
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 More options Dec 10, 11:34 pm
From: "screenwriter.ny" <screenwriter...@gmail.com>
Date: Thu, 10 Dec 2009 20:34:58 -0800 (PST)
Local: Thurs, Dec 10 2009 11:34 pm
Subject: Re: Nostradamus predicted "Bankrupt America crisis and Massive Dubai banking crisis."
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Of course, you know what scariest thing about living dubai?

All middle & upperclass men and women who moved to Dubai. They have
work low level jobs such as mcdonald, walmart, etc. It does not matter
if they have degree or not. They will start beat each other brains out
and flee bankrupt dubai.


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  Re: WTF is up with the board today?
285690.  Credo  
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 More options Dec 10, 11:26 pm
From: Credo <credo...@yahoo.com>
Date: Thu, 10 Dec 2009 20:26:20 -0800 (PST)
Local: Thurs, Dec 10 2009 11:26 pm
Subject: Re: WTF is up with the board today?
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I doubt so too, but I think most fish go deeper when the surface
temperature drops.

On Dec 10, 9:10 pm, Thinkdamnit2 <think.damn...@gmail.com> wrote:


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  Re: WTF is up with the board today?
285689.  Credo  
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 More options Dec 10, 11:19 pm
From: Credo <credo...@yahoo.com>
Date: Thu, 10 Dec 2009 20:19:34 -0800 (PST)
Local: Thurs, Dec 10 2009 11:19 pm
Subject: Re: WTF is up with the board today?
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Because I don't want to be married, Leo.

On Dec 10, 10:11 pm, Leo <paru...@gmail.com> wrote:


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  Re: A Comparison of Statues, an Analysis of U.S. Presidents
285688.  Leo  
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 More options Dec 10, 11:16 pm
From: Leo <paru...@gmail.com>
Date: Thu, 10 Dec 2009 20:16:28 -0800 (PST)
Local: Thurs, Dec 10 2009 11:16 pm
Subject: Re: A Comparison of Statues, an Analysis of U.S. Presidents
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Who makes up the numbers?

On Dec 10, 8:26 pm, Credo <credo...@yahoo.com> wrote:


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  Re: Why Leo can't keep a job
285687.  Credo  
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 More options Dec 10, 11:12 pm
From: Credo <credo...@yahoo.com>
Date: Thu, 10 Dec 2009 20:12:55 -0800 (PST)
Local: Thurs, Dec 10 2009 11:12 pm
Subject: Re: Why Leo can't keep a job
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Saturday night fever for Leo

http://www.youtube.com/watch?v=ciLllSAcF-8&feature=related

On Dec 10, 10:08 pm, Credo <credo...@yahoo.com> wrote:


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  Re: WTF is up with the board today?
285686.  Leo  
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 More options Dec 10, 11:11 pm
From: Leo <paru...@gmail.com>
Date: Thu, 10 Dec 2009 20:11:49 -0800 (PST)
Local: Thurs, Dec 10 2009 11:11 pm
Subject: Re: WTF is up with the board today?
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Why aren't you married, Credo?

On Dec 10, 8:35 pm, Credo <credo...@yahoo.com> wrote:


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  Why Leo can't keep a job
285685.  Credo  
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 More options Dec 10, 11:08 pm
From: Credo <credo...@yahoo.com>
Date: Thu, 10 Dec 2009 20:08:16 -0800 (PST)
Local: Thurs, Dec 10 2009 11:08 pm
Subject: Why Leo can't keep a job
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Why Leo can't keep a job.

http://www.youtube.com/watch?v=JNj9UJmAnC4

On Dec 10, 10:04 pm, Leo <paru...@gmail.com> wrote:


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  Re: Credo all alone
285684.  Leo  
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 More options Dec 10, 11:04 pm
From: Leo <paru...@gmail.com>
Date: Thu, 10 Dec 2009 20:04:35 -0800 (PST)
Local: Thurs, Dec 10 2009 11:04 pm
Subject: Re: Credo all alone
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Read the comments on youtube.

On Dec 10, 10:45 pm, neckbone <neckbonetk...@gmail.com> wrote:


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  Re: Credo all alone
285683.  Leo  
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 More options Dec 10, 11:03 pm
From: Leo <paru...@gmail.com>
Date: Thu, 10 Dec 2009 20:03:13 -0800 (PST)
Local: Thurs, Dec 10 2009 11:03 pm
Subject: Re: Credo all alone
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Curious pick-up line ...

On Dec 10, 10:49 pm, moonsunfirelyte <sellbr...@gmail.com> wrote:


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Messages 1 - 15 of 285697       Older »

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