Kark
Mad berserker
Crop Circle (Not-so-useful event)
+1
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+1





Robert Mugabe (not-so-useful leader)
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-100000000000000000000000000000000000000000000000per turn
+10with all other leaders
And...50% loss of all food production leading to mass famine.
What alternate universe do you live in? In this one, none of these things has ever happened without fiat money.Umm, you realize that the business cycle, inflation, and hyperinflation all existed long before fiat money?
Riiight. Speeches from those given prizes by the Swedish central bank are sooo much more accurate.Just to let you know, speeches by Ron Paul are not a good source for actual history.
What alternate universe do you live in? In this one, none of these things has ever happened without fiat money.
Riiight. Speeches from those given prizes by the Swedish central bank are sooo much more accurate.
Come back to me when you learn some basic definitions. OK? You seem to suffer from some sort of delusion that there was no fiat currency in the 19th century US or under the Romans. Fiat currency did not appear magically with the creation of the FED. It has been inflicted on mankind at least since the days of King Croesus (there's a reason why he was so rich - the purpose of fiat money is to allow the government to steal from the poor). Your assertion about "fluctuations" before and after the FED is also false but that particular boner pales in the light on your fundamental economic illiteracy.Oh for God's sake, this claim is so easy to disprove it's not even funny. Let's see, the Depression of 1873, which may have been the worst nadir of the business cycle the U.S. has ever seen occured after the withdrawal of most of the Greenbacks. The Great Depression occurred shortly before fiat money was permanently imposed in the U.S. There are graphs of the U.S. business cycle easily available, and the fluctuations have been there with and without fiat money. Incidently, the fluctuations have become far milder after the creation of the Federal Reserve. Inflation and hyperinflation both occurred in the Roman Empire with devaluation of gold and silver currencies. Done, claim disproven.
I agree here. You should never have brought up the subject, especially since you obviously know nothing about it. PMs are unnecessary.Now, I won't say anymore on the matter to avoid derailing this thread. PM me if you are still unsatisfied.
Come back to me when you learn some basic definitions. OK? You seem to suffer from some sort of delusion that there was no fiat currency in the 19th century US or under the Romans. Fiat currency did not appear magically with the creation of the FED. It has been inflicted on mankind at least since the days of King Croesus (there's a reason why he was so rich - the purpose of fiat money is to allow the government to steal from the poor). Your assertion about "fluctuations" before and after the FED is also false but that particular boner pales in the light on your fundamental economic illiteracy.
I thought you weren't coming back to this thread.Ouch, don't know if it hurts more or less considering it's what my degree is in, and what I do for a living. Probably less since it makes your claims more laughable. I do apologize though for the implied error in claiming fiat money magically appeared with the Fed. Economic fluctuations did not ease with the establishment of the Fed, but rather the abolishing of non-fiat money and centralization of fiat money under the Fed. It doesn't help your point any, but my mistake is still my mistake.
Don't bother. It doesn't surprise me to find that you apparently have an economics degree. You clearly have spent far too many years beating common sense out of your thinking for me to change anything. Maybe you should spend some time reading a Ron Paul speech (or better, his new book) instead of the atrocious crud inflicted on freshmen by that other Paul. You know the one I mean. Samuelson. Oh, then there's that other Paul. You know that one too. Krugman. Yeah, the guy who just received a million dollars stolen from the Swedish taxpayer by the Swedish Central Bank, and given for years of yeoman service to the bankers and the state, impuning the good name of Alfred Nobel in the process. What's a million after all? It's just a tiny fraction of the money stolen by Central Banks each and every hour of the day.I'll send you a PM later.
Argument over fiat money (not so useful posts)
+6
+6and
from other posters
-6 spots for other (on topic) post
+6for no aparent reason other than Im
for no aparent reason...