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Pay me $20 - 6/30/2010 6:03:46 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Pay me $20 
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RE: Pay me $20 - 6/30/2010 6:06:30 AM   
thishereboi


Posts: 14463
Joined: 6/19/2008
Status: offline 		Sure, no problem. It's in the mail

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RE: Pay me $20 - 6/30/2010 6:13:09 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		There is a point to this thread.   So mods bear with me please.

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RE: Pay me $20 - 6/30/2010 6:15:06 AM   
Jeffff


Posts: 12600
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Status: offline 		Gimme your address

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RE: Pay me $20 - 6/30/2010 6:22:26 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Ok-  someone guess at what my point is.  It is not too hard to figure out.

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RE: Pay me $20 - 6/30/2010 6:28:32 AM   
thishereboi


Posts: 14463
Joined: 6/19/2008
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quote:

ORIGINAL: Jeffff

Gimme your address


Oh shit, I forgot the address. NM punky. Sorry about that


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This here is the boi formerly known as orfunboi


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RE: Pay me $20 - 6/30/2010 6:45:53 AM   
LadyCimarron


Posts: 625
Joined: 12/29/2009
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quote:

ORIGINAL: pahunkboy

Ok-  someone guess at what my point is.  It is not too hard to figure out.


Your point is don't give money people you only know from online. The same caution the mods give us.

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RE: Pay me $20 - 6/30/2010 6:49:19 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: LadyCimarron

quote:

ORIGINAL: pahunkboy

Ok-  someone guess at what my point is.  It is not too hard to figure out.


Your point is don't give money people you only know from online. The same caution the mods give us.


Who issues the $20 bill?

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RE: Pay me $20 - 6/30/2010 6:51:06 AM   
sirsholly


Posts: 42360
Joined: 9/7/2007
From: Quietville
Status: offline
quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: LadyCimarron

quote:

ORIGINAL: pahunkboy

Ok-  someone guess at what my point is.  It is not too hard to figure out.


Your point is don't give money people you only know from online. The same caution the mods give us.


Who issues the $20 bill?

the bank...but only when i tell them i do not want 50's or 100's.


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RE: Pay me $20 - 6/30/2010 6:53:26 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: sirsholly

quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: LadyCimarron

quote:

ORIGINAL: pahunkboy

Ok-  someone guess at what my point is.  It is not too hard to figure out.


Your point is don't give money people you only know from online. The same caution the mods give us.


Who issues the $20 bill?

the bank...but only when i tell them i do not want 50's or 100's.




This is true.  It is the bank.   So then- we pay the bank for this.

Why do we pay for this?

Shouldn't the government issue the $20 bill?  Which it could do for free.

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RE: Pay me $20 - 6/30/2010 6:57:06 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		This is why there is a deficit.  It is all interest to the bank.   Money interest is never created.   Banks create it.  For their private good.

This is like paying ME $20 when you do not have to.

If the govt created the money- there would be no interest- and no national debt.   Which means there would be no interest -- no federal income taxes would be needed.


Thanks to all you looked at this thread.

:-)

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RE: Pay me $20 - 6/30/2010 7:33:35 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		And no medium of exchange, higher costs for transactions, no store of value, no public goods, and no economy or productive society.

Ah, the easy life of the caveman.

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RE: Pay me $20 - 6/30/2010 7:43:32 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: pahunkboy
This is true.  It is the bank.   So then- we pay the bank for this.

Why do we pay for this?

Shouldn't the government issue the $20 bill?  Which it could do for free.

Actually we don't pay any bank to put money into circulation and the government does issue all the currency and it cannot possibly do it for free since it actually costs money to print bills or mint coinage.

Stop believing the lies on the conspiracy sites.

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RE: Pay me $20 - 6/30/2010 8:24:45 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Just for a minute let's get out of Hunky's mind and into mine.

What is the net effect of all this borrowing ?

Try people to think this all the way through, hemming and hawing about 100 tertiary issues means nothing now.

The answer is that it has artificially propped up the effective value of our currency.

It it hadn't happened there could never be such a huge trade imbalance. It would've corrected itself. They say hindsight is 20/20, but dammit I was born in 1960 and it's not my fault, and then it took some time to figure this whole mess out. And a mess it is.

The only way is default, and that will cause the market to correct itself, but instead of happening gradually as it should've it's going to happen alot more quickly, and fewer than ever are ready for it. Personally I don't see how all these people can go to school and get higher degrees in economics and such and not realize this. Either they have known about it for a long time and refused to share the information to further their own wealth, or they are sharp as a bowling ball. It has to be one or the other, there is no other explaination. None.

And to assert that this is OK is tantamount to saying that all your plasma TVs, SUVs and other garbage are worth trading in our sovereignty and security. Was the technology worth it ? Was a chicken in every pot even worth it ?

With our military might we could possibly hold on, but these people are going to want their money. We will not have all the garage anyway but then be in default. And as all this garbage reaches the end of it's product life cycle, we will be unable to afford to repair or replace it. Happy now ? This is not a prediction, it is already happening.

Any of you, say the tranny goes out in your car and the bill is $1,800 to fix it. The car company is out of business. The company you purchased a private service plan from is out of business. Your investments are gone and you are eeking by on $400 a week. Where do you get the money to fix your car ? The mechanic won't take payments and needs the money for at least the part up front, say $1,100. You barely scrape up the $40 for your medication and the pharmacy doesn't deliver. They've had to cut back and are only open banker's hours. Anyone you know who can afford to drive has a job and can't afford to take off work.

Don't think I am some sort of Nostrodamus or something here, this shit is happening RIGHT NOW. And it's coming to you, unless you are incredibly wealthy and have lots of investments offshore. Then it comes to you a bit later. Because if you're not happy yet, I can go into the global implications of the collapse of one of the largest markets in the world.

Prepare for it. Get ready to live like Yule Gibbons or some shit. It IS happening, of that there is no doubt.

The easy life of a caveman is coming back by force of nature. That is because the system has been mismanaged so badly. Soon the rest of the world is going to see our T bills like penny stocks.

Truthfully, our only hope is war, and I mean a BIG one. If you're too old to be a soldier, sorry about your luck. (mine too)

T

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RE: Pay me $20 - 6/30/2010 8:26:37 AM   
juliaoceania


Posts: 21383
Joined: 4/19/2006
From: Somewhere Over the Rainbow
Status: offline
quote:

ORIGINAL: pahunkboy

Pay me $20 


Sure, give me your bank account number/routing number....

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RE: Pay me $20 - 6/30/2010 8:34:43 AM   
DCWoody


Posts: 1401
Joined: 10/27/2006
Status: offline 		IIRC, pah has an extremely inaccurate perception of the banking industry. Misunderstanding fractional reserve banking as 'The Banks' creating money themselves. I could be thinking of someone else. Either way:pah's wrong.

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RE: Pay me $20 - 6/30/2010 8:46:42 AM   
cuckoldmepls


Posts: 855
Joined: 11/29/2007
Status: offline 		Well as Jay Leno said about China buying our debt, "let's party." If they are that foolish let them continue. Personally, I would never invest in a country that is technically bankrupt. I suppose the Chinese have been promised open markets and they think it's worth it, but Sooner or later Americans are going to wise up and declare bankruptcy because the interest on this debt is strangling us. Soon we will be paying half a trillion in interest each year on the national debt without even reducing the debt. If you do the math that is $10 billion annually that each state could have if we didn't have to pay interest.

Instead what they have done is created an Illusionary economy based on population growth where in reality each citizen owes about $38k and we can no longer afford to maintain our infrastructure such as roads, and schools. There's a famous picture out there of a little 3 yr old wearing a sandwich sign that says something like "I'm already 38k in debt, and all i own is a dollhouse."

By the way, I'm still waiting for my donations to come flooding in so I can do some great things like Obama and spend it the way I want to. Now remember, I will keep a portion of this since it will be a full time job spending your money, and I will expect retirement pay even after I hand over the reigns to someone else.

But I'm a nice guy, and I know how to spend your money better than you do.

http://protectourborder.net/slideshow.html


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RE: Pay me $20 - 6/30/2010 8:48:02 AM   
Plasticine


Posts: 260
Joined: 6/9/2010
Status: offline
quote:

ORIGINAL: DomKen


quote:

ORIGINAL: pahunkboy
This is true.  It is the bank.   So then- we pay the bank for this.

Why do we pay for this?

Shouldn't the government issue the $20 bill?  Which it could do for free.

Actually we don't pay any bank to put money into circulation and the government does issue all the currency and it cannot possibly do it for free since it actually costs money to print bills or mint coinage.

Stop believing the lies on the conspiracy sites.



Thank you, I thought I was losing my mind.  This argument goes part of the way to explaining inflation but none of the way to explaining the deficit.  All businesses create "money interest" for their financial gain.  Its called profit.

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RE: Pay me $20 - 6/30/2010 9:18:31 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Musicmystery

And no medium of exchange, higher costs for transactions, no store of value, no public goods, and no economy or productive society.

Ah, the easy life of the caveman.


Under the constitution, the government issues the money.


 The government is a NON-profit entity.  

The federal reserve is a FOR PROFIT entity.
You are paying a middle man.  A for profit middle man when the constitution does not allow this.

Therefore you owe me $20 for this post.

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Profile   Post #: 19
RE: Pay me $20 - 6/30/2010 9:20:19 AM   
cuckoldmepls


Posts: 855
Joined: 11/29/2007
Status: offline 		Yes, it does cost money to print up money or coin it, but it only cost cents on the dollar to do it. Yet, the feds demand that we pay back full face value plus interest so their stockholders can profit. The federal reserve is a private agency with private stockholders that was created in 1913. They've been stealing us blind and using us as slaves since 1913.

If you saw the last 60 minutes interview with Ben Bernanke, you should have noticed that he was sweating like bullets not knowing whether 60 minutes was going to expose them or not. As the interview went on, it was obvious 60 minutes was making them look like our saviour, and Bernanke relaxed..

If you are smart enough to read between the lines, 60 minutes did get him to admit that they don't even have to print up money for the most part. They only have to print up enough money to be able to cover all the day to day transactions that banks and the public do. What they mostly do is change the figures in the computers and wa-la. Instant capital for any one in the world including Greece. So let me get this straight, these days, they don't even have the cost of printing up money, yet they get back full face value plus interest.

Geeeze, people, it's the largest damn money laundering scheme in the world.

By the way, only the federal government has the power to coin money, not a private agency with private stockholders. It's in the constitution people and it says nothing about contracting it out.

There's a transcript there. I've listened to actual recorded conversations and they just make the fed reserve person on the other line look like an idiot.
www.truthusa.org/articles/fed/calltofed.htm


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