Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > U.S. Federal Policy


Thanks Tree32Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old March 6th, 2017, 11:54 AM   #51
Senior Member
 
Twisted Sister's Avatar
 
Join Date: Sep 2015
Location: Brown Township, Ohio
Posts: 11,901
Quote:
Originally Posted by RNG View Post
If the choices are runaway inflation and raising the prime, which would you choose?

Or do you think there are other options?
Barter System is a contingency plan.
Twisted Sister is offline  
Old March 6th, 2017, 12:22 PM   #52
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,247
Quote:
Originally Posted by Twisted Sister View Post
Barter System is a contingency plan.
When you are stuck on your land, trying to grow enough to keep yourself fed, that might be all that is available.
Thanks from Daws77
RNG is offline  
Old March 6th, 2017, 12:25 PM   #53
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,247
Have any of you read about prison "currency" systems? It used to be cigarettes to replace dollars, but is now pouches of tuna.

Several sociologists apparently are studying this.
Thanks from Twisted Sister
RNG is offline  
Old March 6th, 2017, 01:18 PM   #54
Senior Member
 
Twisted Sister's Avatar
 
Join Date: Sep 2015
Location: Brown Township, Ohio
Posts: 11,901
Quote:
Originally Posted by RNG View Post
Have any of you read about prison "currency" systems? It used to be cigarettes to replace dollars, but is now pouches of tuna.

Several sociologists apparently are studying this.
I got locked up in the Franklin County Work House when cigarettes were still legal. One pack of Kool was worth two packs of Marlboro and Winston cigarettes were shunned. I slept on the top bunk and some dude had an insane compulsion to kick the bottom of my bunk over and over again and I told him to stop more than three times, the dude got killed but I did not do it. The dude was a child molester.

edit: I pulled his arms out of the sockets and tossed him to the violent raging mob. They took him Grant Hospital but he did not make it. When and ever you see a Marine with one ear, that is the Marine who kicked me in the shin.

Last edited by Twisted Sister; March 6th, 2017 at 02:25 PM.
Twisted Sister is offline  
Old March 6th, 2017, 05:02 PM   #55
Banned
 
coke's Avatar
 
Join Date: Feb 2014
Location: nunya
Posts: 12,580
Quote:
Originally Posted by imaginethat View Post
On the other hand, the rest of the world is bankrolling us, accepting our fiat currency or merely promises to pay .... later.

As for cash reserve requirements, they average 0-10 percent. Take a look: https://www.federalreserve.gov/monet...reservereq.htm

How's that for a shocker?
thanks for that link. I was aware of that. It keeps growing more and more. Again, what if we limited it to just two times the assets on hand? That would be much better. The argument would be that would keep blah blah from getting a loan. Yes, it would raise the requirement to get a loan. Thus it would lower the cost of items that you need a loan for by...drum roll please..increasing the value of your currency and decreasing the demand.
coke is offline  
Old March 6th, 2017, 05:13 PM   #56
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,247
Another tact the Canadian government recently undertook to both protect against a potential real estate bubble and to limit money supply growth was to increase the down payment threshold and permissible amount of take home pay to be paid on mortgages. Thus fewer people can buy houses.

Pissed the banks and the builders right off, but the right thing to do in those circumstances.
Thanks from coke
RNG is offline  
Old March 7th, 2017, 06:51 PM   #57
Banned
 
excalibur's Avatar
 
Join Date: Apr 2013
Location: The Milky Way
Posts: 24,581
Article by Ron Paul


excalibur is offline  
Old March 8th, 2017, 05:21 AM   #58
Member
 
Skid's Avatar
 
Join Date: Sep 2016
Location: up in there
Posts: 92
Skid is offline  
Old March 8th, 2017, 05:31 AM   #59
Senior Member
 
Twisted Sister's Avatar
 
Join Date: Sep 2015
Location: Brown Township, Ohio
Posts: 11,901
Quote:
Originally Posted by Skid View Post
I wish I could play the guitar like ringing a bell.
Twisted Sister is offline  
Old March 10th, 2017, 11:35 AM   #60
end capitalism now
 
right to left's Avatar
 
Join Date: Dec 2016
Location: Canada
Posts: 2,570
Quote:
Originally Posted by RNG View Post
OK, what pill? Just instantly ban fractional banking?
The question that can't be answered until it's actually tried is: what happens to a capitalist system if it has to adopt full reserve banking rules?
It's actually never been tried before...even in the early, early days of banking, before there was modern banking and gold smiths were the keepers of gold and other valuables for nobility and other middle class, they soon learned they could distribute more value in promissory notes than they actually had on hand in gold reserves.
All I know is that aside from the gold standard believers, everyone else says you can't have a working capitalist economy and all lending would seize up immediately.
right to left is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > U.S. Federal Policy

Tags
money



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
That's where our money went. roastpork Current Events 0 September 30th, 2016 11:28 AM
Where's all that tax money going? roastpork Current Events 5 December 28th, 2015 11:21 AM
More money... MitchellsIpod Warfare 0 September 29th, 2007 05:50 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.