Occupy Dallas

[TENGRAM]

i have been working nights and out of the loop for a week or so

anyone wanna give a homie some cliffnotes on this occupydallas/wallstreet stuff that is going on?

Trust fund hipsters are pissed because they (or more likely, their parents) agreed to take on debt and now cannot pay it. That is somehow the fault of the ultra wealthy.



edit: without a hint of irony they group together in their designer jeans and glasses and blog on their Ipads and talk on their Iphones while simultaneously protesting the companies that keep them entertained.

[grove rat]

i have been working nights and out of the loop for a week or so

anyone wanna give a homie some cliffnotes on this occupydallas/wallstreet stuff that is going on?

[ELVIS]

Drove by this bullshit tonight. If you are looking for some hot young hipster chicks, that is the place to be.

Theh werent in front of the federal reserve though. They were across the street of the federal court house on commerce, in the mcdonalds parking lot. I guesstimate about 100 at 5:15pm.

i hop a bum from the greyhound station stabs everyone of the lazy fucks.

god bless.

[mstng86]

Drove by this bullshit tonight. If you are looking for some hot young hipster chicks, that is the place to be.

Theh werent in front of the federal reserve though. They were across the street of the federal court house on commerce, in the mcdonalds parking lot. I guesstimate about 100 at 5:15pm.

[dcs13]

Oh please. So we should all go out and capitalize our ideas by stealing shit from someone and shrugging it off as justified wealth redistribution?

Fuck steve jobs.

Elaborate please...What did they steal?
And its NOT about Steve Jobs. It's about capitalism , making money...

[Bassics]

Oh please. So we should all go out and capitalize our ideas by stealing shit from someone and shrugging it off as justified wealth redistribution?

Fuck steve jobs.

[Broncojohnny]

Here is a great article on how stuff SHOULD work..
http://www.nationalreview.com/corner...n-d-williamson

If you listen to some of the crybabies, that world doesn't exist any more. Their reason? Well because they can't manage to make it.

[dcs13]

Here is a great article on how stuff SHOULD work..

http://www.nationalreview.com/corner/279321/jobs-agenda-kevin-d-williamson

[Bassics]

They can buy up assets with their greenbacks before they are overextended and then leave the public with a bunch of worthless ass wiping rags. That's why I hate fiat money.

This is actually the Austrian school of stagflation theory. In fact the byline in wiki is (for a change) very well put:

Adherents to the Austrian School maintain that creation of new money ex nihilo benefits the creators and early recipients of the new money relative to late recipients. Money creation is not wealth creation; it merely allows early money recipients to outbid late recipients for resources, goods, and services. Since the actual producers of wealth are typically late recipients, increases in the money supply weakens wealth formation and undermines the rate of economic growth.

"The increase in the money supply rate of growth coupled with the slowdown in the rate of growth of goods produced is what the increase in the rate of price inflation is all about. (Note that a price is the amount of money paid for a unit of a good.) What we have here is a faster increase in price inflation and a decline in the rate of growth in the production of goods. But this is exactly what stagflation is all about, i.e., an increase in price inflation and a fall in real economic growth. Popular opinion is that stagflation is totally made up.

"It seems therefore that the phenomenon of stagflation is the normal outcome of loose monetary policy. This is in agreement with [Phelps and Friedman (PF)]. Contrary to PF, however, we maintain that stagflation is not caused by the fact that in the short run people are fooled by the central bank. Stagflation is the natural result of monetary pumping which weakens the pace of economic growth and at the same time raises the rate of increase of the prices of goods and services."[26]

Note that the austrian school maintains that money supply is not the driver of inflation or deflation, only that it exacerbates the problem. Neo-Keynsian or whatever, it is generally acknowledged that stagflation occurs when the cost of doing business is artificially high AND the money supply is not managed.

We currently have both; a federal arm out of freakin control (and states and cities too) with job killing legislation, and a direct effort to increase the money supply with the hope that it will become capital.

That is all nice and tidy in one country but the world is a free market. Japanese banks have borrowed at 0% forever, and they can't buy their way into the markets with it; they devalue the total holdings. The best they can do is use it to stimulate consumer confidence by making plastic dollars (yen) cheaper.

[majorownage]

I completely understand your point on the constitutionality of a centralized bank, and the fed for that matter. Yes, the constitution does not set forth that idea, and many of our founding fathers (Jefferson for instance) were staunchly against it.

However, even in that light I think brandishing this shiny idea of conspiracy over the centralized bank will very quickly put you in the crackpot category for many people. Just the idea of a bank controlling a currency for it's own profits is in itself absurd. Their own holdings, and value is based on that exact currency. They do not gain anything by manipulating it, because any action they take that lessens the value will hurt themselves. And transversely anything shifty and criminal they conspire to do in raising the value benefits the entire country as a whole.

As for TARP, and government intervention into the economy and private industry I am absolutely opposed. In a capitalist economy the government has ZERO business in private industry, and their intervention only weakens it as a whole. TARP should never have happened, period. We would not be in such bad shape right now if all of those banks and companies would have folded, exactly as they would have in a capitalist economy. George W and Washington sold fear to the people in the form of TARP, that was bullshit.

They can buy up assets with their greenbacks before they are overextended and then leave the public with a bunch of worthless ass wiping rags. That's why I hate fiat money.

[John -- '02 HAWK]

So what the fuck are precious metals going to really buy you in a full blown collapse of the currency system? False sense of security?

Unless its an apocalyptic collapse precious metals will always retain some value.

[Ruffdaddy]

So what the fuck are precious metals going to really buy you in a full blown collapse of the currency system? False sense of security?

[ELVIS]

you cant be king of the world if your slave to the grind............
slave to the grind...
slave to the grIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIInd

god bless.

[Denny]

I think it would be an awesome gift if someone made denny a roll of toilet paper made of dollar bills.

I'd hold it for the next precious metals dip.:wink1:

[Matt]

Everybody just needs to fap.