Confucious

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Posts by Confucious

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  54

  Wrecking of United States of America

  by BurnTheShips in

  1. jw
  2. friends

  i am almost shaking as i write this for what is happening to the capital markets, this country, and the free world.

  the impact of the past two weeks' action in the financial markets, if not reversed by cooler heads, will have irreparably changed the world in a way that only terrorist attacks and acts of war have in the past.. .

  nationalizing fannie mae and freddie mac, providing an emergency quasi-legal bridge loan to aig, temporarily banning short-selling on all stocks in the us, and instituting an rtc-type entity to handle the toxic waste of the financial system is economic violence on a grand scale.. .

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  Confucious

  Burn...

  The mess we are in right now is OUR GREED. This is the American Public's doing.

  We are suffering through a domino effect because Americans bought houses they couldn't afford.

  And other people who COULD afford their houses, use the leverage from ther "so-called" appreciation of their homes to buy another home they thought they could flip for a profit.

  It was a Ponzi Scheme that couldn't last forever.

  There was easy money in real estate.

  People would put a deposit on a pre-construction condo with no intention of ever owning it.

  They thought that they could use the deposit - and when it got built - the property would appreciate - and they would sell it to the next person. The NEXT person buying it with the intention of selling it when the property appreciated even more.

  That is the fundamental underpinning of what went on.

  Add to that that Wal Street bundled up these "bad mortgages" into securities and you have our problem today.

  But the rant you gave... seems to blame the Federal Reserve. Seems the Federal Reserve is the new Boogie Man.

  If you love the Gold Standard so much - then you go back to it if you want.

  Just buy gold. You can own all you want. And when you want to buy something - sell the gold in exchange for U.S. Dollars.

  But understand the connection between the Gold Standard and the Great Depression.

  Confucious
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  11

  Rap Music Fans... What's the All-time best Rap Song?

  by Confucious in

  1. jw
  2. friends

  ok... all rap hater's - please refrain from posting "...that's not music.

  " posts.. just a fun thread for rap lovers.. ok... i think it's ether from nas.. i think that one song, represents what rap is about.. you?.

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  Confucious

  Ninja. Good one.

  I like Ether because it was a total dis on Jay-Z - but done so classically.

  I like Jay-Z too - but Ether was a great answer to his dis.
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  11

  Rap Music Fans... What's the All-time best Rap Song?

  by Confucious in

  1. jw
  2. friends

  ok... all rap hater's - please refrain from posting "...that's not music.

  " posts.. just a fun thread for rap lovers.. ok... i think it's ether from nas.. i think that one song, represents what rap is about.. you?.

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  Confucious

  Ok... all Rap Hater's - please refrain from posting "...that's not music." posts.

  Just a fun thread for Rap lovers.

  Ok... I think it's Ether from NAS.

  I think that one song, represents what Rap is about.

  You?
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Outlaw... 3 oranges to mow my lawn. No?
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Ok...

  Hybrid.

  Your analogy has made me think more than any argument I've ever thought about.

  So, very good.

  Ok... here's my response. And all this... very humbly.

  So...

  Lets say today - we say... no more paper money... just pure gold.

  So money is just gold by the ounce - micro ounce, etc.

  So I'm on this side of the computer and you are on the other side.

  And you want to buy my lawnmower on Ebay.

  So I say 1/4 quarter ounce of gold.

  And you say... cool.

  But what in the world we going to do?

  Send 1/4 ounce worth of gold thought he mailman that might steal it?

  So we come up with some universal IOU that "represents" 1/4 ounce of gold.

  In other words. Even if we went with all hard gold as currency... there will always need to be a "piece of paper" that represents that gold.

  Con
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Hybrid...

  Interesting... Let me think about your comment.

  Con
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Restrangle...

  Um... I'll mow your lawn for $15. LOL.

  Con
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Love this $hit.

  Ok... Outlaw... Robar.

  Love you... so this is all in good fun.

  But my point is that money is relative - whether you tie it to gold or tie it to oranges.

  Right now... the dollar is tied to the good faith of the United States government.

  And for now? It works - for whatever it's worth.

  Con
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  27

  Pro-Fiat Money... Debate Me and get your A$$ Kicked...

  by Confucious in

  1. jw
  2. friends

  alrighty.... all in good fun here.. but i feel like the tough guy calling out anybody and everybody.. but people have been talking bad about the federal reserve and the united states fiat money system.. i thing it's good.

  it keeps a balance.. after all... all money is fiat.. even if we returned to the gold standard - all money is fiat.

  it's just a representation of "what people will pay for what.".

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  Confucious

  Alrighty...

  All in good fun here.

  But I feel like the tough guy calling out anybody and everybody.

  But people have been talking bad about the Federal Reserve and the United States Fiat Money system.

  I thing it's good. It keeps a balance.

  After all... ALL money is fiat.

  Even if we returned to the Gold Standard - ALL money is fiat.

  It's just a representation of "what people will pay for what."

  For example... if you need someone to mow your lawn... it might be a piece of paper that says $20 or 2 specs of gold... either way.. it's just representative of goods and services.

  That's why we're not on the barter system.

  Because who can say, "Mowing my lawn is worth 3 oranges."

  So there you are.

  I'm calling out the whole JW Discussion Forum, LOL.

  Do you want to debate me?

  Warning: You might get your A$$ kicked, LOL.

  All in good fun. I await your posts.

  Confucious
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  224

  News from Bethel Heavy

  by cinnamon1642 in

  1. jw
  2. friends

  pioneer hour change is legit.

  letters are being mailed out soon to all congregations for announcement in early october right before the tract campaign starts.. .

  elimination of circuit overseers.

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  Confucious

  Da Cheech.

  Great to hear from you.

  Our boy Pauli is going to kick some butt as soon as Hatton gets to weight.

  Metron...

  Wow... great point about reaping what you sow!!!

  Con