A 'Wingnut Argument' For The Gold Standard
Frank Galikanokus
A 'Wingnut Argument' For The Gold Standard
http://www.npr.org/blogs/money/2011/02/11/133662179/a-wingnut-argument-for-the-gold-standard
JAM
oly
>
> JAM
James Grant is the real deal.
Google "Grant's Interest Rate Observer". Go to the section entitled
"Cartoon Bank". They are (mostly) superbly funny.
http://www.grantspub.com/cartoonbank/index.cfm
oly
Beanie
"oly" <oly...@aol.com> wrote in message
news:a7930996-cdf0-480d...@r19g2000prm.googlegroups.com...
http://www.grantspub.com/cartoonbank/index.cfm
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Left wing politicians & policy wonks hate the gold standard, it won't allow them
to fund huge nanny state federal policies.
The right wing seems to hate it because they (wrongly) think it's bad for their
big business masters.
Who would benefit from a return to sound money policies?
Just the average working man, so you can bet your bottom FRN it'll never happen.
Big Ben at the Fed WANTS inflation, he specifically plans to inflate the
currency on the dubious notion that rising prices are good for business.
Sooner or later, the US dollar will be totally worthless.
When I was a kid in the 50s, a dollar would buy either 20 candy bars (which were
larger than today's counterparts), 10 cans of cold soda, 10 comic books, 10 ice
cream cones (with sprinkles) or a bright shiny silver dollar, 25 1st Class
postage stamps, among other things.
Today, dollar bills are useful only for stuffing into stripper's g-strings and
tipping parking valets.
If voting changed anything, they would make it illegal.
oly
> "oly" <oly2...@aol.com> wrote in message
Of course the dollar is worth quite a bit less than when you were wet
behind the ears, Mr. Bean!!!
That was a long long time ago!!!
But I agree that the purchasing power of the USD/ FRN is going to
plumb some new depths in the very near future.
Trite aphorism contest here, anyone???
"If turds were really valuable, poor peoples' assholes would be sewn
shut."
oly
++++++++++++++++++++++++++++
"Hey A-Rod, you stink like a bank stock!"
++++++++++++++++++++++++++++
Bremick
"Beanie" <b...@ea.ne> wrote in message news:ij49b5$jgc$1...@speranza.aioe.org...
Don't forget though that in those same 1950's, the average successful
breadwinner probably was bringing home $50-75 a week and a typical kid's
weekly allowance might have been 25˘. Been there, too. Since then, much
has remained relative and proportional. Except today's candy bars are
actually 50% bigger than their 1950's one-ounce counterpart. It's the price
that shocks.
Thankfully(?), I haven't seen a stripper's G-string in person since Gypsy
Rose Lee, and I don't frequent places that require valet parking. But yes,
I agree that dollar bills mostly have become things you get in change, like
those pesky coins.
Frank Galikanokus
>
> "oly" <oly...@aol.com> wrote in message
> news:a7930996-cdf0-480d...@r19g2000prm.googlegroups.com...
> On Feb 11, 10:34 am, Frank Galikanokus <"Frank
> Galikanokus"@nospam.net> wrote:
> > A 'Wingnut Argument' For The Gold Standard
> >
> > http://www.npr.org/blogs/money/2011/02/11/133662179/a-wingnut-argumen...
> >
> > JAM
>
> James Grant is the real deal.
>
> Google "Grant's Interest Rate Observer". Go to the section entitled
> "Cartoon Bank". They are (mostly) superbly funny.
>
> http://www.grantspub.com/cartoonbank/index.cfm
>
> -`-`-`-`-`-`-`-`-`-`-`-`-
>
> Left wing politicians & policy wonks hate the gold standard, it won't allow them
> to fund huge nanny state federal policies.
> The right wing seems to hate it because they (wrongly) think it's bad for their
> big business masters.
> Who would benefit from a return to sound money policies?
Anyone that's heavily invested in gold, like Ron Pall.
oly
wrote:
> Beanie wrote:
>
> > "oly" <oly2...@aol.com> wrote in message
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
I doubt that Ron Paul and Rand Paul stand to be "big winners" because
of any financial speculations which they have made in gold.
They would like to see the bankster class stop ripping off the little
people so we can avoid the present "system" from ripping apart and
pulling the Nation apart.
You gotta have the teacher, the postman, the grocer, the streets and
sewer workers, et alia - and those folks can't simply live hand-to-
mouth (or worse) and still keep the "system" going. You can't rip-off
those people's savings and retirement accounts through constant
currency depreciation and expect them to stand at their posts, ever
ready to do their jobs.
If you attribute base financial motives to the Pauls, like they were
some shit coin dealer, I think you're wrong.
oly
Frank Galikanokus
This is exactly what has been happening for the last four years! It's
the ultimate result of deregulation and defending what little
regulations we have over the bankster class. The fiscal fundamentalism
of the Pauls (did I spell it correctly?) and the republicans have led us
to a disaster and now want to pay for it by robbing us of our retirement
and benefits we have worked and paid for.
JAM
beekeep
I don't remember soda in cans back then but I could be wrong. I do
remember the bottle being worth 2 cents.
beekeep
oly
>
> - Show quoted text -
The big deregulation of banking (the repeal of the Glass-Stegall Act)
came back about 1999. The repeal bill was certainly a G.O.P. product,
but Bill Clinton signed it, no problemo.
One of the repeal bill's sponsors was Phil Gramm, who was a former two
or three term Democratic Congressman who turned Republican.
The economic crash since 2007 has been a long-time coming (more than
just four years) and consists of all manners of frauds and bad
judgements, but the biggest milepost in the whole travesty was the
repeal of Glass-Steagall.
Congressman Ron Paul has been almost "a lone voice crying in the
wilderness" against the Federal Reserve and the banksters for nearly
forty years. He (and his son) are so hated by the bankster class that
somebody has surely picked apart their personal finances, looking for
something to nail them to the wall - and that hasn't happened.
You can't even spell their names, but you blame them for all those
problems???
You are seriously retarded and without any substantial knowledge - but
hey, we already knew that.
oly
Beanie
news:4d56547a...@usenet.radix.net...
> I don't remember soda in cans back then but I could be wrong. I do
> remember the bottle being worth 2 cents.
Perhaps the cans came into being in the early 60s. I'm old and forgetful now ;-)
I do remember the gas station near me that had a cold soda machine that
dispensed cans (Fanta orange soda was my favorite!).
There was a big can opening thingie on the machine since pop tops hadn't been
invented yet.
Bremick
In the early 1950's, cans of soda were available in grocery stores-- usually
their house brand-- but most people seemed to prefer glass bottles back when
I bagged groceries and stocked shelves. I doubt there were many "machines"
that dispensed cans of soda until pull tabs appeared in the mid-1960's.
Before that, most common were the mechanical 5� Coke machines with the 6-7oz
(deposit) bottles and the vault-like bins where you would insert your (exact
change) coin, lift the big lid and slide your choice of bottled drink to the
end of a channel and lift it out. Almost forgotten today are those drink
vending machines that dropped an empty cup into a compartment and filled it
with soda, coffee, etc.
oly
> "beekeep" <hone...@radix.net> wrote in message
>
> news:4d56547a...@usenet.radix.net...
>
>
>
>
>
> > On Fri, 11 Feb 2011 16:23:59 -0500, "Beanie" <b...@ea.ne> wrote:
>
>
> - Show quoted text -
Well, we still have "coffee" machines here in Central Illinois that
"drop" the cup and dispense some liquid vaguely resembling coffee.
These are new machines, not old ones.
A handful of banks still have the "slide" dispenser-style pop chests
in their employee break rooms. Not common, however.
oly
Beanie
news:ij65r6$s88$1...@news.eternal-september.org...
> In the early 1950's, cans of soda were available in grocery stores-- usually
> their house brand-- but most people seemed to prefer glass bottles back when I
> bagged groceries and stocked shelves. I doubt there were many "machines" that
> dispensed cans of soda until pull tabs appeared in the mid-1960's. Before
> that, most common were the mechanical 5� Coke machines with the 6-7oz
> (deposit) bottles and the vault-like bins where you would insert your (exact
> change) coin, lift the big lid and slide your choice of bottled drink to the
> end of a channel and lift it out. Almost forgotten today are those drink
> vending machines that dropped an empty cup into a compartment and filled it
> with soda, coffee, etc.
Bottled soda was definitely the norm in the 50s, cans were usually reserved for
the cheaper local brands (by me it was C&C).
I remember the "vault" type soda machines - they had different brands of soda in
the ones I remember.
12 oz (?) bottles of various Nehi flavors, Coke, Pepsi, Dr. Pepper could all be
found in the same machine.
Soda can dispensing machines were in use by the early 1960s, at least by me.
I haven't seen a cup type soda dispenser in decades. My local movie theatre used
to have one - cost a dime for a small cup of usually watery soda!
Now, soda can machines by me vary from $1-$2 for a can of nationally branded
pop.
Bremick
-------------
Wow! You must live in a "time warp" area ! I would have thought the
health police would have declared all those machines to be unsanitary by
now, what with nobody obliged to clean up the sticky cup compartment.
--------------
A handful of banks still have the "slide" dispenser-style pop chests
in their employee break rooms. Not common, however.
--------------
Amazing again! The earlier ones I remember were just coolers and didn't
even have a coin slot. You just paid the clerk, lifted the stainless steel
lid, and slid your soda selection(s) to the end of the channel.
Frank Galikanokus
Don't forget the commodities futures modernization act was also a
republican and Clinton act.
The fiscal fundamentalism I'm referring to goes back to Reagan and
Coolidge.
JAM
Frank Galikanokus
Coffee Machines? Ugh.
I've been hooked on fair trade, shade grown, fresh ground beans from
Sumatra and Columbia. It's a expensive habit but it makes me feel sooo
goood.
JAM
oly
Bullshittae. You don't know what your bullshitta-ing about, fucking
dripping bunghole.
oly