lafta All American 14880 Posts user info edit post |
Many people here and in real life ask me where i acquired so much knowledge about politics, economics, philosophy, and more. I've always kept it a secret but now i'll reveal it for the benefit of dummies who come in here talking nonsense like "we went to war with iraq for democracy". I get my knowledge through an online video suppository called Youtube and ..... it has a many videos on a vast array of subjects so i'll post a few here and feel free to post good ones that the tww idiots can see to get a good primer on whats going on in the world.
for starters
petro dollar cycle that led to war with iraq http://video.google.com/videoplay?docid=-7468036928744736416&q=petro+dollar+cycle&ei=u_leSMKmEoaCqwLa74iMDg
money master- how the banking system works http://video.google.com/videoplay?docid=-515319560256183936&q=money+masters&ei=LvpeSLr2OaX0rAKbwfXFDA 6/22/2008 9:21:24 PM |
Gamecat All American 17913 Posts user info edit post |
O MAN
THE INTERNET IS DANGEROUS 6/22/2008 10:45:23 PM |
EarthDogg All American 3989 Posts user info edit post |
Quote : | "an online video suppository " |
Wouldn't that hurt quite a bit?6/22/2008 10:50:52 PM |
lafta All American 14880 Posts user info edit post |
^the dictionary is your friend 6/22/2008 10:59:05 PM |
moron All American 34142 Posts user info edit post |
While youtube often deserves nothing more than to be shoved up someone's ass, you probably meant repository...
Quote : | "suppository |s?'päz??tôre| noun ( pl. -ries) a solid medical preparation in a roughly conical or cylindrical shape, designed to be inserted into the rectum or vagina to dissolve. ORIGIN late Middle English : from medieval Latin suppositorium, neuter (used as a noun) of late Latin suppositorius ‘placed underneath.’" |
6/22/2008 11:07:37 PM |
Socks`` All American 11792 Posts user info edit post |
alias 6/22/2008 11:13:22 PM |
theDuke866 All American 52839 Posts user info edit post |
i think youtube is possibly a good source of knowledge, but ONLY if you already have a solid wealth of knowledge as a base.
this probably explains your posts. 6/22/2008 11:17:51 PM |
IMStoned420 All American 15485 Posts user info edit post |
I think a discerning eye is more important than a solid base of knowledge. But those are not mutually exclusive concepts. 6/23/2008 12:47:33 AM |
theDuke866 All American 52839 Posts user info edit post |
not at all. they are quite dependant on each other. 6/23/2008 1:04:00 AM |
mrfrog ☯ 15145 Posts user info edit post |
how is watching conspiracy videos on the internet supposed to improve your credibility?
I swear to God, reading the freaking Wikipedia article would give you a more comprehensive and balanced view on the events than 50 of these videos. 6/23/2008 2:54:51 PM |
Prawn Star All American 7643 Posts user info edit post |
Unfortunately, the internet has a way of reinforcing opinionated users' own agendas and biases. It has clearly contributed to the increasing polarity and acrimonious partisanship in politics. 6/23/2008 3:10:01 PM |
mrfrog ☯ 15145 Posts user info edit post |
I think it's also degraded faith in the media to some degree. But I don't think that faith was ever justified, so meh. 6/23/2008 3:17:05 PM |
TreeTwista10 minisoldr 148442 Posts user info edit post |
the internet is so full of truth, you could probably find a website that defined suppository as something other than medicine you stick up your ass 6/23/2008 3:19:37 PM |
mrfrog ☯ 15145 Posts user info edit post |
29:00
in
http://video.google.com/videoplay?docid=-7468036928744736416&q=petro+dollar+cycle&ei=u_leSMKmEoaCqwLa74iMDg
Said that they're going to increase to a whopping 3 million per day production soon, or quote "twice 2002 production", and might be increased to 6!!1 ZOMG! Umm...
Anyone who throws around accusations about how the Iraq war increased oil production, thereby justifying the accusations that it was waged over oil doesn't know what they're talking about. The war did not affect production, and it probably will not change in the future.
Numbers are better than rumors. 6/23/2008 3:35:42 PM |
0EPII1 All American 42541 Posts user info edit post |
Quote : | "^the dictionary is your friend" |
Hahahaha... pwnt.
lafta is someone who has thrown out these gems on TWW just in the past 10 days or so:
Quote : | "yeah, that is what im talking about, so where do chickens come from then? does the hen go around screwing the eggs" |
and when someone pointed out that hens are female chickens, he said:
Quote : | "wow, thought hens were male chickens" |
He also said in a thread he created about university rankings:
Quote : | "Its funny how a lot of uni's that have a high ranking but dont have a matching reputation like wake forest, ga tech, university of chicago? what? i never heard of university of chicago" |
Truly, this is a learned man.6/23/2008 8:19:58 PM |
mrfrog ☯ 15145 Posts user info edit post |
Didn't they do work on the atomic bomb there or something during WW2? 6/23/2008 9:06:49 PM |
LoneSnark All American 12317 Posts user info edit post |
Quote : | "petro dollar cycle that led to war with iraq" |
The petro dollar cycle is a myth and therefore has nothing to do with anything. OPEC countries accept payment in whatever currency the buyer has on hand.
Quote : | "money master- how the banking system works" |
This video has nothing to do with how the actual banking system works. A bank cannot loan out more than it had on hand AND while the FED has the right to conjure up money from thin air, it has not done so since WW2 because the FED is a collection of banks with depositors, it is policy to buy bonds and make loans using these funds first, only running the printing presses after all funds on hand are exhausted. For example, the FED is current extended further than it has been since WW2, yet it has only bought bonds and made loans totalling amounts roughly half its deposits on hand.6/23/2008 10:40:56 PM |
lafta All American 14880 Posts user info edit post |
^its a myth? yeah i'll believe you because .... you said so.. 6/24/2008 12:47:52 AM |
mrfrog ☯ 15145 Posts user info edit post |
Quote : | "while the FED has the right to conjure up money from thin air, it has not done so since WW2 because the FED is a collection of banks with depositors" |
umm, isn't the fact that the FED is print money/not printing money a national secret?
I'm not an expert on this, but I think this was one of Ron Paul's accusations.6/24/2008 8:33:41 AM |
LoneSnark All American 12317 Posts user info edit post |
Quote : | "^its a myth? yeah i'll believe you because .... you said so.." |
Or, you know, we could believe you because someone posted a video on Youtube. Or, you can believe me because a simple google search will find lots of evidence to disprove the petro dollar cycle myth. Most OPEC countries accept payment in either Dollars, Euros, or Yen. And, all OPEC countries have already diversified their foreign currency reserves to include all three currencies. And, more to the point, there is no mechanism for what OPEC accepts or does not accept as payment to dictate the value of the dollar, which is entirely dependent upon how productive are the American people. http://www.bloomberg.com/apps/news?pid=20601087&sid=aa0w9V8GRIBU&refer=home
Quote : | "umm, isn't the fact that the FED is print money/not printing money a national secret?" |
It is, but for only for a little while. The minutes of the meeting where they decide which to do get published on their website. This is because the operation of the system requires them to be public. The FED does not actually move around that much money (moving around a few billion dollars in a 13 trillion dollar economy), relying almost entirely upon psychology to impliment their policies. To put it another way, if I had a few billion dollars and went to wallstreet in an effort to move interest rates down I would fail. But Ben Bernanke goes on national television and anounces he is going to do the same thing, quite often the FED does not even need to do anything, the bond traders do all his work for him.6/24/2008 9:23:24 AM |
mrfrog ☯ 15145 Posts user info edit post |
Are you saying that we would know soon after if the FED started printing a lot of money? Aren't they already effectively printing lots of money to control the 'money supply'?
I mean, if you never made 'money come out of no where', which would obviously be used for government spending, then we would suffer deflation with an increasing population/GDP and constant fiat currency face value. 6/24/2008 9:36:43 AM |
LoneSnark All American 12317 Posts user info edit post |
mrfrog, one would think that since inflation is the norm then the FED must be printing money, but in practice they are not, merely providing a guarantee that they would if the time came that they had to. So, how can this be? Well, if we check the history of inflation/deflation, we find that back during the 19th century, when the U.S. was on a hard gold standard with an increasing population and GDP, inflation would be positive for many years at a time. This is because during favorable economic conditions, the growth of bank credit would grow the usable money supply faster than the economy could absorb the extra money. However, after many years of inflation (prosperity), a recession would cause the process to reverse sharply, as credit unwound destroying the money supply. In other words, promises to pay, such as a check, would become no longer a substitute for physical cash with your local merchant. As such, during a 19th century recession double digit deflation was normal. It was this mechanism that produced long term price stability; not year to year, but decade to decade.
The modern FED allows us to escape this unwinding by itself promising to provide physical currency whenever promises come due, particularly during recessions, thus eliminating the bouts of double digit deflation while leaving the inflation experienced during prosperous times in place. So, no, the FED is not printing money from thin air, what has happened over the past century is that the ratio of money supply (cash + checkbooks + credit instruments) to physical currency (cash) has grown to the point that much of the public no longer uses cash on a daily basis.
However, if the public ever changed its mind and no longer trusted bank and credit card companies to provide cash if needed, then the vast majority of our current money supply would become worthless, and the FED would need to quickly replace the nation's now useless checkbooks and credit cards with physical cash from the presses or a deflation the likes of which the world has never seen would devastate the U.S. economy.
[Edited on June 24, 2008 at 12:26 PM. Reason : .,.] 6/24/2008 12:20:46 PM |