Disqus - Latest Comments for Common__Sense

Re: Obama Will Face “Imminent” Foreign Policy Problems

Common__Sense — Sat, 08 Nov 2008 04:22:35 -0000

NO WAY!

At a moment in history, where a clear majority voted for an African-American president to improve our PR with the rest of the world, you would think there MIGHT be some issues?!

Call me a insider on this conspiracy, but off the top of my head I can list:
1) Iraq insurgency
2) bin Laden attacks
a) via nuclear weapon
b) targeting utilities such as power plants and water treatment faciltiies
3) Israel and Palestine (Gaza)
4) Somalia
5) Darfur
6) Kashmir

All major world events that will be faced.

Re: Cheers as McCain Supporter Arrested

Common__Sense — Sat, 08 Nov 2008 04:16:18 -0000

We're losing the point here. The end point is that freedom of speech is not gone. Absolutely, if I were a cop and saw this situation, especially since the guy is carrying a sword (the video taper SUGGESTS it is a plastic toy sword), I would get worried.

Clearly, the man was trying to incite violence and was also carrying a weapon. Why would I not want to jump in and prevent this? Notice the police didn't ask him to take off his shirt, just to leave the area.

Also, do you just spend all day on YouTube?

Re: Hey Duffy, No More Cameras!

Common__Sense — Sat, 08 Nov 2008 04:12:25 -0000

"Poverty is the cause of crime, not the opportunity to get away with it."

Frankly, I'd say both were. IE. If you left me 100 gold bars outside of my house and clearly marked it as yours, by night fall, I will transport these bars inside my house and remark them as mine. I'm not poor, but I will certain take advantage of you.

Re: Take My Credit, Please!

Common__Sense — Sat, 08 Nov 2008 04:10:40 -0000

I say again, why are you using US dollars. Please stop. By using them, you clearly propagate the very issue you are against.

Re: 9/11 Truthers Are Not Holocaust Deniers

Common__Sense — Fri, 07 Nov 2008 07:35:19 -0000

So you're not a Holocaust denier? You just believe Jews traded 6 million (and you even deny this number) for a shot at their own country?

Awful.

Just awful.

Re: Why are the poll results so different?

Common__Sense — Fri, 07 Nov 2008 01:38:59 -0000

Polling assumes many things, among them , that the polled are eligible voters and will vote. That is the much saner explanation.

And if you're wondering, I've take 3 university-level stats courses. So beat that.

Re: Cheers as McCain Supporter Arrested

Common__Sense — Fri, 07 Nov 2008 01:35:12 -0000

Free speech gone? Really?

How was this video obtained? No officer appeared to prevent or destroy the showing or taping of the entire incident.

While I don't support the rough attitude of the officers, one has to question rather they actually protected or hassled this mccain supporter.

Re: 9/11 Truthers Are Not Holocaust Deniers

Common__Sense — Fri, 07 Nov 2008 01:23:49 -0000

When a real government lead conspiracy starts killing people, the world will know. The Holocaust is an example of world indifference to undeniable fact.

Your conspiracies and belief in an evil government are based on conjecture, interesting video splicing, and frankly, way too much time.

Re: Take My Credit, Please!

Common__Sense — Fri, 07 Nov 2008 01:15:03 -0000

1) Is there nothing you have as evidence that is not a video? Give me something to read. I don't have 47 minutes to devote to understanding your position knowing that I will debunk any way.

2) If money is value, and value can be lent, and when lent we call it debt (since its just a descriptive term, not a real object), by transitive properties, is not money = debt AND money = value AND value = debt?

Certainly, all accounting systems believes this to be the case.

Re: Take My Credit, Please!

Common__Sense — Fri, 07 Nov 2008 01:10:35 -0000

1) I did not present a straw man argument.

A straw man argument is to say your gold standard suggestion means you are against capitalism and I don't understand why you would be against the free market.

I took your suggestion and progressed it to its implementation.

2) We've been there before. This is all going backwards. If people believed the pegging was of the right value, and not higher or lower than true value, then they can just as easily believe a copper or plastic coin is just as good.

Re: Take My Credit, Please!

Common__Sense — Fri, 07 Nov 2008 01:04:22 -0000

This devolves into a discussion of why debt should exist. It's pointless. If you don't want a good you can't purchase today, we'll never need debt.

Re: Take My Credit, Please!

Common__Sense — Fri, 07 Nov 2008 00:55:38 -0000

3) Because the problem with the gold standard is the same problem as any currency. In times of crisis, both are useless. In times of prosperity, currency is far superior due to ease of exchange.

1) On to my point about lending, the Fed Reserve via fractional banking (yes, I know you guys have problems with this too), allows for lending of money.

Prior to this ability, a middle class was largely impossible, since where would they get the start capital to start a business?

2) I do not plan to go to gold as I do not believe the same as you. What I'm saying is that don't tell me about the evils of currency and continue its propagation.

What it comes down to, as your number of people employed point alludes to, is the creation of large middle class and the rapid advancement of people through various socio-economic ladders.

Quite frankly, much of this discussion rests upon the assumption that basic needs are met and now with our remaining money/good, what should we do about it?

However, the majority of the world does not live on this assumption. Hence, in order to keep poor people employed and able to sustain themselves, we do need low unemployment and the easy transfer of currency.

Re: Take My Credit, Please!

Common__Sense — Thu, 06 Nov 2008 15:07:18 -0000

1) Please carry around tons of gold bricks around and tell me when you'll be doing so.

2) Put your money where your mouth is. Convert your USD to Gold Bars and only re-exchange when you need to spend money.

3) Please explain how you plan to get a loan for anything. Colloary, article mentions higher average unemployment during gold standard than not. Explain why that's good.

Maybe later I'll value this conversation more to consider your other "points".

Re: Take My Credit, Please!

Common__Sense — Thu, 06 Nov 2008 10:07:24 -0000

1) Don't patronize me you pompous ass.

2) I can link you to death too, with real, relevant links. Sorry, no video. I hope you can read.

3) http://www.econlib.org/libr...
Two points:
a) Gold standard creates unstable economies:
"The fixed exchange rate also caused both monetary and nonmonetary (real) shocks to be transmitted via flows of gold and capital between countries. Therefore, a shock in one country affected the domestic money supply, expenditure, price level, and real income in another country."

b) Gold is inefficient:
"Milton Friedman estimated the cost of maintaining a full gold coin standard for the United States in 1960 to be more than 2.5 percent of GNP. In 2005, this cost would have been about $300 billion."

4) " Is it a coincidence that we have the highest level of personal, business, and government debt that the world has ever seen? " Answer: "Yes"

The Fed is not the only central banking system. Your "fact" does not support your conclusion unless the US had the only central banking system.

5) "What you could buy for $1 in 1913, the year the Federal Reserve was created, would cost you $22.10 today. Stated in another way, $1 today is worth 4.5 cents from 1913, or a lose in value of 95.5%."
Welcome to the basic notion of finance. A dollar today is worth more than a dollar tomorrow. Always and throughout the universe, this is true. Hell, substitute a gold brick for dollar. A gold brick today is worth more than the same gold brick in a year. Don't believe me? Give me a gold brick. I'll give it back to you next year.

6) Origin of banking. You are wrong.
http://projects.exeter.ac.u...
"The invention of banking preceded that of coinage. Banking originated in Ancient Mesopotamia where the royal palaces and temples provided secure places for the safe-keeping of grain and other commodities. Receipts came to be used for transfers not only to the original depositors but also to third parties. Eventually private houses in Mesopotamia also got involved in these banking operations and laws regulating them were included in the code of Hammurabi."

Or Wiki (http://en.wikipedia.org/wik...
The name bank derives from the Italian word banco "desk/bench", used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth. However, there are traces of banking activity even in ancient times.

"In fact, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words banco and bank are derived. As a moneychanger, the merchant at the bancu did not so much invest money as merely convert the foreign currency into the only legal tender in Rome—that of the Imperial Mint."

7) The purpose of money is to provide an efficient means of exchange without bartering. If we can't start with that basic notion, then this discussion is pointless.

8) I completely understand your need to be right. You're not.

Re: Fight Conformity Now!

Common__Sense — Wed, 05 Nov 2008 22:38:06 -0000

registering my self