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[quote=Arraya][quote=SK in CV][quote=Arraya]We don’t tell Israel anything about her borders – they have been breaking international law and expanding since inception, with every president since Ford(and all world leaders) asking them to stop. [/quote]

I really want to take this off topic, but you’ve bought into a narrative that isn’t quite consistent with facts. Israel’s borders haven’t changed for over 60 years since it declared it’s independence after it accepted a UN partition plan which was rejected by every surrounding political body and war on Israel was declared by each of them.[/quote]

They’ve been expanding settlements since the 70s. [img_assist|nid=14216|title=..|desc=|link=node|align=left|width=376|height=250]

The UN partition plan was not a good deal for the indigenous.[/quote]

I don’t know where those maps came from, but in 1946 the Palestinians had no land. From 1949 until 1967, there were no changes. And yet, they had no country. They still don’t. Over 70% of the inhabited land that would have been Israel under the UN partition plan was not owned or inhabited by Palestinians. So they couldn’t possibly have lost it. And the final map is totally bogus. None of the land outside the green line is within Israeli borders. (And you did say borders.) Settlements are a whole different story. You’ll get no argument from me on the settlements. The worst idea ever.

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[quote=markmax33]Again it’s a shame 15% of the population controls that much of the media and controls the other 85%. That’s not what America was built on. Jewish Americans should be called anti-American when they attack us and control our media.[/quote]

Fucking racist bigot. You should be banned for spewing that Nazi propaganda.

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[quote=Arraya]We don’t tell Israel anything about her borders – they have been breaking international law and expanding since inception, with every president since Ford(and all world leaders) asking them to stop. [/quote]

I really want to take this off topic, but you’ve bought into a narrative that isn’t quite consistent with facts. Israel’s borders haven’t changed for over 60 years since it declared it’s independence after it accepted a UN partition plan which was rejected by every surrounding political body and war on Israel was declared by each of them.

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[quote=sdrealtor]Last week I made the 1st payment. Trying to decide whether to pay the 2nd half this year also like I usually do. Tricky tax planning this year as we have the benefit of reduced payroll taxes so itemzied deductions might be best pushed to next year. What to do?????[/quote]

Millionaire tax could be going up next year, so your deduction will be more valuable in 2012.

Reduced payroll tax might be extended too.

And….the reduced payroll tax won’t have any effect on the value of the tax deduction if rates don’t change.

And on the other other other hand…business could turn to shit next year and your income fall and the value of the deduction could be worth even less.

You’re welcome for all the help 🙂

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[quote=markmax33]We don’t have capitalism! You have been duped! It’s a rigged system that leans much further toward socialism/corporatism than capitalism.[/quote]

Do you know what socialism is?

Just asking.

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[quote=markmax33]How many videos of Austrian economist do you want to see that predicted the housing bubble. They are as mainstream as you get.[/quote]

With all due respect markmax, mainstream Austrian economist is an oxymoron.

They are like…i dunno….Ron Paul supporters.

And on a related note…you’ve seen quite a few people here say they like some of Ron Paul’s ideas, but still probably won’t vote for him. Here’s why. (and i stole this analogy from someone, somewhere, and I’d love to credit the genius who thought of it, but I have no idea where I read it.) Ron Paul is like an old fashion watermelon. He’s got some sweet sweet fruit. But you just can’t eat it all without getting a mouth full of seeds. Ron Paul just has way too many seeds.

(I hear there is a new Austrian seedless variety. Hasn’t come to market yet.)

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[quote=markmax33]We have empirical data that shows when a currency collapses people are fighting for food and have no resources because the internal resources of the country are all being sold and there is no value for to sell them to the people in the country because the currency is worthless. [/quote]

Huh? Sentence anarchy!

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Oh dear markmax, I’ve failed. To convince you how rediculous your argument is.

Here’s the deal mark. A gold standard is no different than a fiat currency. Because gold has no inherent value. It’s value, exactly the same as the US dollar, is whatever someone will trade for it. Historically, it has had a special place. But not because of any divine reasoning. It’s just metal. And relatively rare.

The value of a dollar, whether backed by gold or not, is based on the resources for which it can be exchanged.

If you want to argue that we should have a fixed money supply, rather than an elastic money supply make that argument. The whole gold thing just doesn’t really hold up.

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Great comment EconProf. Logical and much nicer than I have been.

(And my how the paradigms shift. The more we know, the less we understand.)

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[quote=markmax33]Yes every time. The average currency has lasted 27 years. The other ones that haven’t busted aren’t old enough. Name a currency that’s lasted since the 1800s. EVERY TIME. Please go find one.[/quote]

British Pound. (I win!)

I found the study you cite. It contains this tidbit that sort of makes your argument a bit silly.

According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. 20 percent failed through hyperinflation, 21 percent were destroyed by war, 12 percent destroyed by independence, 24 percent were monetarily reformed, and 23 percent are still in circulation approaching one of the other outcomes.

So 1 out of 5 fiat currencies fail due to hyperinflaction. 80% disappear for reasons unrelated to the currency. So not only is there no causality, there’s not even a high correlation between fiat currency and government failure. And roughly 160 are STILL in use which means they have NOT failed.!

Next.

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[quote=walterwhite]Luckily I have no savings[/quote]

You might want to get some. Because deflation might be just as likely as hyper-inflation. And when price deflation hits, 0% interest on your savings is a damn good return.

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[quote=markmax33]
You don’t understand that once it goes, it goes. Everyone’s savings are wiped out. This same freaking cycle has happened EVERY TIME and you are turning a blind eye to it.[/quote]

Every time? Every single time? Not a single exception? (Those are trick questions, be careful.) (And please note, never once have I claimed that inflation isn’t coming. I’m only pointing out that your arguments supporting that prediction are rediculous.)

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I posted the graph I intended to post. It directly contradicts your claim that growth in money supply always leads to price inflation.

This is like t-ball.

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[quote=markmax33]I show you that every fiat currency fails…..[/quote]

No, you haven’t. The US currency has not failed. You have failed.

Stop with the absolutes. They’re foolish. How can I even pretend to take you seriously when you begin with such demonstrably false claims? I’m a cat. You’re a dying mouse. Go get a good meal. Come back stronger and put up a better fight.

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[quote=markmax33]
If you read about inflation throughout history it happens very rapidly and generally it happens after the money supply has initially expanded. I can’t force you to read history but I can give you a million examples and have listed them in the blog before. Inflation always TRAILS money printing. It takes a while for it to saturate the system and get to the bottom of the food chain. When inflation hits it hits hard and fast. A loaf of bread in Russia was $2 on Monday and $10 on Friday in the 1990s. I’m not sure how that’s Alarmist, that’s a fact.[/quote]

A million examples? Really. Here’s the growth in US money supply over the last few decades. Not sure it really supports your theory.

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