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| Ed | Posted: Apr 10, 2010 - 07:57 |
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 Level: 10 CS Original | http://www.msnbc.msn.com/id/21134540/vp/36233217#36233217</p> Oh brother. You know we don't get mainstream news here in the UK acting like this, or Glenn Beck on FOX. Its weird. | |||||
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| Edward L Winston | Posted: May 01, 2010 - 12:10 |
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 President Dwayne Elizondo Mountain Dew Herbert Camacho: porn star and five-time ultimate smackdown wrestling champion! Level: 150 CS Original | I've never heard of Dylan Ratigan, despite watching MSNBC all the time. Anti-FRS stuff is on the rise, but there's a reason that when countries follow proper Keynesian economics, depressions cease to happen -- even when Austrians deregulate other industries that cause major financial meltdowns like in 2007/2008. It's gaining traction on the far right, as well as gold standard bullshit too. If we have de-centralized banks and the gold standard, then they will be right, there will be large economic failures and panics once again, just like the 9 depressions during the time the US was on the gold standard and had de-centralized banks. | |||||
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| sorry | Posted: May 01, 2010 - 13:37 |
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Level: 12 CS Original | I'm having trouble seeing what's wrong in this video. What are the flaws in the scheme as explained by Ratigan? | |||||
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| Edward L Winston | Posted: May 01, 2010 - 13:48 |
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President Dwayne Elizondo Mountain Dew Herbert Camacho: porn star and five-time ultimate smackdown wrestling champion! Level: 150 CS Original | Actually, my comment wasn't directly in regard to the video, I should have mentioned that, sorry. I was just speaking generically about anti-FRS sentiment, which I guess is sort of off topic. =X | |||||
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| advancedatheist | Posted: May 01, 2010 - 14:04 |
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Level: 3 CS Original | I'd still like to see how they would get a gold standard to work in the modern world. Suppose you fly to a resort island on vacation, and try to draw some money electronically from your bank account in the home country -- but the bank on the island doesn't have any gold handy to honor your draft? | |||||
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| sorry | Posted: May 01, 2010 - 14:12 |
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Level: 12 CS Original | It's all good, Edward. advancedathiest, perhaps they should stop going to islands and learn to appreciate the land and their family - 1850 style. ;) | |||||
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