Anything that we ever do to 'fix' the economy is invariably just a "band-aid"... Fractional reserve banking is just a big bubble economy that will eventually burst. I mean tuition has gone up 600% since 1980. That far outstrips everything...cost of living everything who let the paultard in wow I actually agree with dr-bombay <-> StigNasty is now known as Communiss <-> Communiss is now known as StigNasty lol with what? that people who like ron paul...are tards? Who are you calling a paultard who sure, if you don't like reserve banking, we can go with equity banking instead like in muslim countries the bank will own your ass either way if you don't want them to, then DON'T BORROW MONEY <-> StigNasty is now known as Karl_Marx Death to the Bourgeoisie!! hehehe let's hope the WH Correspondents Dinner offers some great solutions...yeah right... Er, it's a simple mathematical fact that fractional reserve banking can only be sustained by exponential "growth". We live in a finite world... it is clearly impossible for it to go on forever. speaking of...so...newt is going to 'announce' he is dropping out of the campaign officially, on may 1st. which is also the 1 year anniversary of the bin laden raid. i wonder how he intends to steal the moment from obama, and compare himself to a navy seal. Also, I'm not a communist. I didn't mention communal ownership of property in any way :P who said you did? Allen West might call you a communist though he calls everyone a communist <-- Android58 (~Android58@76.76.24.43) has quit (Read error: Connection reset by peer) hot jonathan: fractional reserve banking can be sustained arbitrarily long --> maxxist (Winning@c-71-56-159-212.hsd1.wa.comcast.net) has joined #obama newt gingrich-"there is certainly no doubt, if i was young enough, and decided to allow the military to be graced with my irrefutable skill set, i would have been the one who personally killed bin laden, and flown my men to safety, without the loss of a single life, or helicopter.' <-- maxxist (Winning@c-71-56-159-212.hsd1.wa.comcast.net) has quit (Client Quit) <-- Evildroid (~Evildroid@c-71-201-252-177.hsd1.il.comcast.net) has quit (Read error: Connection reset by peer) Dr-Bombay: please, do tell. I'd love to hear how you think that is possible. he's a historian/paleontologist/secret trained assassin, damnit! lol fieryUSA jonathan: ok here's the secret: banks have to report losses occasionally Care to elaborate on that at all? elaborate on "report losses"? Elaborate on how that is relevant to what I'm talking about. Banks create the principal for loans... But they do not create the interest that must ultimately be paid back as well. yeah, and if you order a burger at mcdonalds they don't create the money for you to buy it with <-- htc (~getgfr@mf85736d0.tmodns.net) has quit (Ping timeout: 260 seconds) so clearly food services is a pyramid scheme Um, what? WHAT SAY WHAT AGAIN I DARE YOU WHAT AGAIN I DARE YOU Where does money come from, Dr-Bombay? fieryUSA newt wouldn't have needed a helicopter...with all that hotair all he needed was a balloon with a backet attached... you are a typical paultard, pumped full of naive financial bullshit lol I don't support Ron Paul. jonathan: do you mean currency or funds The funds. basket evenv even lol that GOP ad painting Obama as a celebrity is actually pretty cool for Obama... jonathan: I want to say that it comes from credit but I know that your brain is wired to expect the answer that it comes from debt so let's go with that it's the same answer just worded per your expectations painting obama as a celebrity worked so well for the GOP in 2008. hehehe they really are using the shotgun approach with all those superpacs... it's funny how they are (still) so desperate to do that..while forgetting about the media star they created, and forced down everybody's throats everytime we have to listen to her on fox'news' now, or when she does another reality show. but i forget...the gop wouldn't know the definition of a double standard, if it bit them on their big fat elephant ass. hehehe that is their standard....double... afk Dr-Bombay: Haha. Get over yourself. they do the same thing with the deficit. "Z0MG for the fist time in history, we are running a deficit, under this president, Z0MG!" when it was crickets...when bush left with more of a deficit than he came in with. or reagan...or...pick your republican. jonathan, why does fractional banking require exponential growth if banks are able to report their losses? their only defense on that is to deflect with a "Z0MG, here we go...your blaming bush again, Z0MG!" a bank makes the wrong loan, it eats the loss, no need for exponential growth there at all --> carl_ (roqqa@217-20-120-56.internetssurviceteam.com) has joined #obama Dr-Bombay: That solution would be nice, but the amount of people that default and remove the money from the money supply is not large enough for that to be a viable solution... if on the other hand you add the condition that banks must NEVER report losses, then they obviously do depend on exponential growth to sustain their profits jonathan: have you watched the news in the last 5 years Dr-Bombay: Do you know how fraction reserve banking works? yes indeedy http://www.federalreserve.gov/releases/h6/hist/h6hist1.pdf didn't click Go afk. If you're not even willing to view relevant data, you clearly are too biased to even have a discussion with. I know that the federal reserve devalues the currency damn they have Joel Osteen on CNN and I just really want to smack him upside the head.... I feel the same way about CNN reporters That wasn't the point of me linking to that, you fool. I was in the process of looking for another URL, but you're so full of yourself that you assume you know what I'm going to say or do. I think the word for that is a "douchebag". yeah don't get me wrong I feel that way about a lot of those guys out there...MSNBC and just a bunch of them jonathan: I didn't say it was the point (idiot) but Faux for goodness sakes what a fucking mess Faux News...the epicenter of crazy Dr-Bombay: lol