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The Biggest Scam In The History Of Mankind
03-13-2014, 03:51 AM
Quote: (03-12-2014 08:06 PM)iknowexactly Wrote:
I don't know the context, but I've head that John Kenneth Galbraith was quoted as saying " In the long run, we are all dead."
No, that was the homosexual pedophile John Maynard Keynes, who is the inspiration for most the current new-Keynsian economists like Paul Krugman.
The problem is, Keynes may be dead, but we are now in the 'long run' from what began with Bretton-Woods 60 years ago.
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The Biggest Scam In The History Of Mankind
03-13-2014, 05:15 AM
I think the only reason Keynesian economics became widespread was because Keynes gave theoretical justification for the governments to do all the stupid shit they want to do in order to increase their power at the expense of a common citizen. If you have read The General theory, you should know that anyone with some common sense can see that it has pretty ridiculous concepts. Haven't read his other works but apparently Keynes has a book called 'Economic consequences of peace' which could justify war...
The reason our monetary system is a ponzi scheme because debt is basically stealing money from our future citizens: like in a classic ponzi scheme, the early-adopters win while the later adopters only lose. In a sense, the whole socialist government is a ponzi scheme because the first citizens got the pensions and whatnot with very little contribution while future generators need to pay more and more taxes with money which has less and less value. Inflation is a hidden tax.
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The Biggest Scam In The History Of Mankind
03-13-2014, 05:53 AM
The current society don´t give a fuck about future so they could as well destroy future generations. In comparison stealing money from future generations is maybe more acceptable.
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The Biggest Scam In The History Of Mankind
03-13-2014, 06:38 AM
You guys need to understand the difference between and independent central bank and a private central bank. Once you do that, you'll realize that all these YouTube conspiracy videos are bullshit.
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The Biggest Scam In The History Of Mankind
03-14-2014, 12:04 AM
I just want to clarify that I don't want to come across as a naysayer here. I hope with all my heart that Bitcoin catches on and we can push the Fed into obsolescence.
But once The Establishment starts to feel the threat, I anticipate Big Brother to double down on his efforts. I can foresee some crazy high level monitoring system from the NSA that's able to track Bitcoin transactions and you'll see penalties, fines, taxes, the same shit we have now. Could you imagine buying stock on a new exchange with Bitcoin? That'd be fucking sweet but there's no way the gov't is going to miss out on cap gains tax.
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The Biggest Scam In The History Of Mankind
03-14-2014, 01:18 AM
Short sighted? How so, because I don't agree with your ideology? I could say the same thing about your point of view. I know all about how libertarians follow Austrian economics but the thing is that the people who argue against Keynes never really tell us how his theories are wrong. How are his policies imbecilic, perverted, strange or lacking any logic? How? The old argument that he was gay, therefore couldn't have children, therefore he didn't care about the future generations is not only silly but has been debunked so many times, and yet ideologues still cling to it.
If libertarianism/austrian economics provided more than the same old "the collapse is coming any minute now", "buy gold", "fiat money is not real money" mantras I'd be all hears, but no, it's the same thing over and over, for decades and decades. That's the problem with ideology, people get stuck in their mindset. I don't care about ideology, I care about making money, unfortunately following the advice of the Peter Schiffs of the world will make you lose money in the real world, not make it, otherwise I'd be all over it.
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The Biggest Scam In The History Of Mankind
03-14-2014, 02:03 AM
Bitcoin is an example of why we don't have the gold standard anymore. The people who accumulate the most bitcoin at the very beginning get an "unfair" advantage over the rest of the populace. Some people say it's because the original "pioneers" were "risk-takers", but when did it become natural to become a risk-taker? Nature is risk-averse. We only take risks when it is absolutely necessary.
Our current currency system, with the FED lending money at low interest rates is also un-fair, but is it less un-fair than something like BitCoins or the gold-standard? I think so. Why? Because at least the availability of funds is much more fluid (and much more natural).
BitCoins are also unregulated, so when some problem occurs, as happened with Mt Gox, there is no powerful government agency with a mighty enforcement force to take care of the discrepancy.