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  1. #26
    俺はまんこが大好きなんだよ baseline bum's Avatar
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    So Ron Paul is a young Earth nutter?

  2. #27
    I am that guy RandomGuy's Avatar
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    So Ron Paul is a young Earth nutter?
    I would not be surprised.

  3. #28
    e^(i*pi) + 1 = 0 MannyIsGod's Avatar
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    scott gmafb, you university economists are seriously to ben bernanke as I am to vince young
    I LOLed

  4. #29
    I am that guy RandomGuy's Avatar
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    THis post was absent of cogent though and logic. Please tell me how equating gold as sound money equivalent to committing crimes against humanity.
    1) It was the very definition of logic, actually. Probably not something you are really familiar with, so I am not too surprised you didn't recognize it as such.

    2) I did not equate anything to "crimes against humanity". If you are trying to claim that was what I said, that itself is a strawman logical fallacy. Please do not expect me to explain to you why I would equate them, as I do not believe they are equivalent.

  5. #30
    Orange Whip? Orange Whip? Viva Las Espuelas's Avatar
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    If one claims they're right for 6000 posts, then they must be right.

    Youre right, RG.

  6. #31
    dangerous floater Winehole23's Avatar
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    Me too. Where'd scott go?

  7. #32
    dangerous floater Winehole23's Avatar
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    that's not true at all. The largest expansion of capital was during the industrial revolution. Britian, the US and many others were under the gold standard at the time.
    By what measure?

  8. #33
    Veteran InRareForm's Avatar
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    archive this thread. is a cluster .

  9. #34
    dangerous floater Winehole23's Avatar
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    Iggy was pretending he knew what he was talking about. Staying power?

  10. #35
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    that's not true at all. The largest expansion of capital was during the industrial revolution. Britian, the US and many others were under the gold standard at the time.
    I'm talking about GDP (production).

  11. #36
    Veteran Ignignokt's Avatar
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    Capital investments which grew by 500 percent, Murrary Rothbard has always argued this.

  12. #37
    Veteran Ignignokt's Avatar
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    I'm talking about GDP (production).
    GDP was not used to measure Economic growth until 1934. THis would not suffice in comparing the nineteenth century.

  13. #38
    Veteran Ignignokt's Avatar
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    Winehole, if you would actually pick up a history book instead of posing as a pseudo intellectual, you'd know about the Gilded age. I'm sorry, but you're outmatched. go do some reading.

  14. #39
    on instagram, str8 flexin DUNCANownsKOBE's Avatar
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    lol Jared Lee Lougher people crying about the gold standard

  15. #40
    on instagram, str8 flexin DUNCANownsKOBE's Avatar
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  16. #41
    on instagram, str8 flexin DUNCANownsKOBE's Avatar
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  17. #42
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    GDP was not used to measure Economic growth until 1934. THis would not suffice in comparing the nineteenth century.
    And the gold standard wasn't dropped until Nixon ('71). Those 37 years are as good reference as any, tbh. I mean, we've been out of the gold standard for only 40 years.

  18. #43
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I will agree that the numbers during those 37 years could be skewed due to the WWII and the great depression.

  19. #44
    dangerous floater Winehole23's Avatar
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    And the gold standard wasn't dropped until Nixon ('71). Those 37 years are as good reference as any, tbh. I mean, we've been out of the gold standard for only 40 years.
    Judge ye by the fruits. How'd it turn out?

  20. #45
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    Being off the gold standard isn't the cause the Banksters' Great Depression, and being on the gold standard didn't prevent the financial disaster of 1929 and the 1930s Great Depression.

    Deregulation of the financial and corporate sectors, both directly responsible, allows the criminal money mob to cause great economic instabilities, inequalities, and thievery that are much lessened and rendered tolerable by effective regulation.
    Last edited by boutons_deux; 07-17-2011 at 01:18 PM.

  21. #46
    Don't believe the hype... ChuckD's Avatar
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    It's kind of hilarious that the crowd that wants to go back on the gold standard is the same crowd that wants no financial regulation. Tying your currency to a fixed amount of malleable jewelry making metal is the ultimate financial restrainer.

  22. #47
    dangerous floater Winehole23's Avatar
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    Just kick everyone who disagrees into the same ditch. The mob that already agrees with you won't object.

  23. #48
    uups stups! Cant_Be_Faded's Avatar
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    So are diamonds. Are diamonds money?
    That's a whack comparison. There are way way more grades of diamond than gold, and you can't melt diamonds down and recast them into diamonds.

    They are precious, yes, but there are practical reasons they've never been used as currency and gold has.

  24. #49
    Don't believe the hype... ChuckD's Avatar
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    That's a whack comparison. There are way way more grades of diamond than gold, and you can't melt diamonds down and recast them into diamonds.

    They are precious, yes, but there are practical reasons they've never been used as currency and gold has.
    I think it's mostly a matter of availability. Western culture and finance came from Europe, and migrated to the eastern coast of North America. Not a lot of diamonds either place. Gold is just found in more places. Diamonds are pretty much only found in Kimberlite pipes, ancient volcanic formations.

    One thing is for sure, you can carry a LOT more portable wealth in diamonds on your person than you can in gold. There is a reason that most diamond clearing/cutting houses are run/owned by Jews. No group has ever needed to pick up and run as often as they have. They probably got tired of leaving their wealth behind fleeing Pogroms.

    The fact that you can't melt and combine them is the reason the bigger diamonds are disproportionately more valuable than small ones. Two ounces of gold is worth twice as much as one ounce, but a two carat diamond is worth more than twice as much as a one carat diamond.

  25. #50
    Believe. Parker2112's Avatar
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    It's kind of hilarious that the crowd that wants to go back on the gold standard is the same crowd that wants no financial regulation. Tying your currency to a fixed amount of malleable jewelry making metal is the ultimate financial restrainer.
    Who has said anything about the gold standard lately?

    Its about the Fed. Its about restraining the ability of these people, who operate outside our government, to flood our economy with new currency, giving the ultra wealthy first crack at spending it, and drowning our citizens with debt and rising prices.

    Restraint can happen in a ton of ways. Gold standard. Silver standard. Legislation. Adhering to Cons utional limits.

    Gold standard is dangerous because you allow the currency to be manipulated just as easily as by putting a private Fed in charge. I dont think your going to find many informed critics of big government advocating for the gold standard.

    Find much more info here:
    http://spurstalk.com/forums/showthread.php?t=182864

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