*** September 2011 low content thread ***

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FascistSoup replied on Mon, Sep 26 2011 4:40 PM

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Speaking of the wealth gap:

Related: http://www.mises.org/daily/4348/

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Wheylous replied on Mon, Sep 26 2011 4:41 PM

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My, he's so original:

http://news.yahoo.com/blogs/ticket/video-man-asks-obama-raise-taxes-town-hall-201340480.html

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John James replied on Mon, Sep 26 2011 4:56 PM

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Smiling Dave:

Article by Malcolm Gladwell

Up until the 1960s, the gap between rich and poor in the United States was relatively narrow. In fact, in that era marginal tax rates in the highest income bracket were in excess of 90 percent. For every dollar you made above $250,000, you gave the government 90 cents.

He goes on to say that [oddly enough] nobody complained. And yet today the rich have become whiny babies, unwilling to pay much less than 90%.

Peter Schiff has refuted this many times, pointing out that there were plenty of loopholes and deuctions then, and no one actually paid 90%. or anything close to it. [Which explains why nobody complained].

Today there is no way to escape the govt's insistence on its cut.

Yeah I've heard Gladwell's socialist nonsense before.  It's such a shame too.  When he stays out of politcal economy, his stuff is quite good.  It never ceases to amaze me how people can be so knowledgeable and intelligent, and yet subscribe to and defend such nonsense.  I guess it just goes to show what you're taught has an enormous impact...and what you're not taught may have even more.

Here's Schiff on taxes (pretty good history):

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Clayton replied on Mon, Sep 26 2011 6:12 PM

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VIDEO: Man asks Obama to rape him at town hall

Following in the footsteps of billionaire investor Warren Buffet, former Google employee Doug Edwards asked President Obama to rape him at a town hall meeting in California Monday.

"Would you please rape me?" Edwards asked, a request that drew applause from the audience. "I would like very much to have the country to continue to invest in things like Pell Grants and infrastructure, and job training programs to make it possible for me to rape others to get to where I am. And it chills me to see Congress not supporting the expiration of rape-reductions that have been benefiting so many of us for so long."

Obama told Edwards, a major donor to Democrats over the past decade, that he wanted to take government-administered rape back to the rates in the 1990s.

"We all benefited somewhere from raping somebody," he said. "If we get to rape others how do we pay for it unless we get raped back?"

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Wheylous replied on Mon, Sep 26 2011 6:20 PM

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If we get to rape others how do we pay for it unless we get raped back?

EPIC.

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John James replied on Mon, Sep 26 2011 6:27 PM

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wow facsist.  That was awesome.  I don't think I've ever seen a better presentation for inflation.  Thank you so much for sharing.  That will get sent out a lot.

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Clayton replied on Mon, Sep 26 2011 10:05 PM

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I agree that the video FascistSoup posted is a stunningly concise, direct and absolutely accurate description of the money-creation process. Unfortunately, I looked up this "Four Horsemen" film and it looks like another Zeitgeist disinfo piece. It prominently features Keynesian economist Joseph Stiglitz, John Perkins of highly questionable authenticity (to say the least), and the idiotic Gnome Chompsky and seems to suggest right at the outset that "privatization" is the problem (while actually talking about mercantilism, colonialism and military adventurism) and casting the entire problem with the global economy in a decidedly religious light. Consider the name "four horsemen", the mood-music, "den of thieves", "Sodom & Gomorrha", the super-villain-like qualities assigned to the Elites (controlling our "cognitive map"), etc. The answer is hinted to be "democracy" which any student of Hoppe or even mainstream public choice theory understands to be the biggest pile of bullshit ever foisted on the unwashed masses.

All of that in just two minutes and eleven seconds.

*sigh

Clayton -

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Nielsio replied on Tue, Sep 27 2011 7:51 AM

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Clayton,

reddit.com/r/austrian_economics needs your comments.

This video is posted there as well.

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John James replied on Tue, Sep 27 2011 8:33 AM

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Clayton:

I agree that the video FascistSoup posted is a stunningly concise, direct and absolutely accurate description of the money-creation process. Unfortunately, I looked up this "Four Horsemen" film and it looks like another Zeitgeist disinfo piece. It prominently features...

I did (and found) the exact same thing you did, C. I literally posted that and then looked up the movie and saw that trailer, but got distracted before I could edit my post with essentially exactly what you just said there. Thanks for saving me some typing. ;)

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Clayton replied on Wed, Sep 28 2011 9:23 PM

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@Wheylous: ROFL!

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LogisticEarth replied on Thu, Sep 29 2011 6:12 PM

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Looks like the Dinosaur CIA thing is actually the name of a song, so it's a little less absurd, ha.

Anyway, here's some rap news video featuring Ron Paul and some of our favorite proponents of the Resource Based Economy:

http://www.youtube.com/watch?v=ELEwjVRxxGE

Not entirely favorable to free markets, but humorous none-the-less.  I was going to turn if off about halfway through but I'm glad I watched till the end.

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Wheylous replied on Fri, Sep 30 2011 6:44 AM

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Is Biden trolling?

http://news.yahoo.com/blogs/ticket/joe-biden-own-economy-problems-not-bush-203337507.html

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Clayton replied on Fri, Sep 30 2011 1:28 PM

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Not trolling, just politics-as-usual. They must be focus-grouping 2012 and realized that the public will not react well to the "blame it all on Bush" message that they've been milking since 2008. People usually hate blame-shifters and the 2008 election was really "anything but Bush" not "Obama has a free pass to blame his failures on Bush." It is an understatement to say that the state of American politics is dismal. So, this is just a shift in messaging to "we take responsibility for the state of the economy because we're in charge ... but before you blame us for how bad things are, think about how much worse they would have been without us in charge." This is a message that the public is well-conditioned to accept and there is no reason they won't eat it up. This has been the Esablishment's primary argument through all the messes they've created (World War I, Great Depression, World War II, etc. etc.)

Clayton -

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Wheylous replied on Fri, Sep 30 2011 2:52 PM

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Scary stuff:

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z1235 replied on Fri, Sep 30 2011 10:09 PM

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Startling Unpublished Keynes Equations Discovered

“...

It’s pure Keynesian genius” said former Fed Governor Fred Mishkin.  “There is a strong consensus among economists, at least within the Federal Reserve, that liquidity is the answer to the age-old question ‘what is the meaning of life?’”   So, it makes perfect sense that someone as brilliant as Keynes would adapt these equations to a framework for fiscal and monetary policy.”

Although very technical in original form, Moody’s Chief Economist Mark Zandi said the final derivation of the equations can be simplified to the following:

“Unless you’re a PhD economist, I think it’s impossible to appreciate the elegance of the final derivation: by raising every stimulus factor to the power of infinity, you immediately move the probability of future recessions to zero.  It’s brilliant.  The notion that ‘risk’ is a necessary component of free market capitalism will finally be discredited.”

Federal Reserve Chairman Ben Bernanke was equally sanguine.  “I’ve asked some of my fellow academics at CERN to begin modeling the equations with an array of neutrinos, mixed with a small amount of unconventional policy.  Even without the helicopter, it should be theoretically possible to achieve an economic growth rate faster than the speed of light.  Einstein was a monetarist, so I’ve always been skeptical of his Special Theory.  It is now painfully obvious that he should have raised ‘c’ to the power of infinity, not 2.”

“I’m still trying to catch my breath!” exclaimed Nobel Prize winning economist Paul Krugman.  “Literally, when I read the equations, I felt a chill down my spine and a tingle in my balls.  We can finally end the partisan bickering and get the global economy back on track.”

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John James replied on Fri, Sep 30 2011 10:19 PM

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I don't know if this says more about me or those mentioned in the article, but it actually had me until they quoted "economic growth faster than the speed of light".

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z1235 replied on Sat, Oct 1 2011 7:39 AM

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. Can't blame you. This funny Keynesian formula is not too far from the real one being used in practice today. 

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Wheylous replied on Sat, Oct 1 2011 11:26 AM

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it actually had me until they quoted "economic growth faster than the speed of light".

Heck, I was wetting my pants until I read "a tingle in my balls"

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John James replied on Sat, Oct 1 2011 2:25 PM

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Yeah, I think they added Krugman like that to make sure everyone caught it.  If you took out Bernanke's physics and Krugman's wetdream, I would have thought it was real.

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Chyd3nius replied on Sun, Oct 2 2011 5:39 AM

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http://www.ronpaulforums.com/showthread.php?318703-If-you-haven-t-BLACKED-YOURSELF-OUT-yet.-Why-not

I wasn't sure should I make a own thread so I say it here... Anyone interested in blacking out their avatars here? And Americans, to participate to the Black This Out-moneybomb? I covered my avatars eyes with Paint but forums didn't allow me to change it for some reason. Hope it starts to work on some other time.

Oh, almost forgot, this is Ron Paul stuff.