Progarchives.com has always (since 2002) relied on banners ads to cover web hosting fees and all.
Please consider supporting us by giving monthly PayPal donations and help keep PA fast-loading and ad-free forever.
/PAlogo_v2.gif "Progarchives.com Homepage") |
|
Post Reply 
|
Page <1 1718192021 294> |
| Author | ||||
KoS 
Forum Senior Member 
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
 Posted: March 28 2012 at 17:55 |
|||
Or do you really believe that a man with a history of paranoia against strangers in his neighborhood, against the advice of police, went after a "suspect" after repeated pleas for him not to follow, ends up shooting an unarmed man in "self-defense"? |
||||
 |
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:01 |
|||
In addition, we must understand that banks merely leverage government money. When we go through business school we are taught that banks obtain deposits and then leverage those deposits up by 10X or so. This is why we call the modern banking system a “Fractional Reserve Banking” system. Banks supposedly lend a portion of their “reserves”. There’s just one problem here. Banks are never reserve constrained! Banks are always capital constrained. Reserves are used for only two purposes – to settle payments in the overnight market and to meet the Fed’s reserve ratios. Aside from this, reserves have very little impact on the day to day lending operations of banks in the USA. This was recently confirmed in a Fed paper:
“Changes in reserves are unrelated to changes in lending, and open market operations do not have a direct impact on lending. We conclude that the textbook treatment of money in the transmission mechanism can be rejected.”This is very important to understand because many have assumed that various Fed policies in recent years would be inflationary or even hyperinflationary. But all the Fed has been doing is adding reserves to the banking system. As we learned above, this doesn’t lead to more lending and will not result in the private sector being able to access more capital. Because banks are not reserve constrained it can only mean one thing – banks lend when creditworthy customers have demand for loans. Lastly, this also shows that banks create money entirely within the banking system. As was said above: “When banks create money by extending credit (loans create deposits), this occurs completely within the banking system and results in a liability for the bank (the deposit) and a corresponding asset (the loan). The customer has an asset (the deposit) and a corresponding liability (the loan). This nets to zero.So, contrary to what we are all taught in school, loans actually create deposits and not the other way around as the money multiplier would have us all believe. When a bank makes a loan it debits the Loans Receivable account on its books. To balance this transaction it will create a new liability in the name of the borrower. This loan will create a deposit somewhere else in the banking system (possibly at the same bank) which will cause this new bank to also account for its new liability (the deposit) and change in reserves at the Fed. Scott Fullwiler elaborates on this confusing point: “The bank does not “use” cash to make a loan. The loan creates a deposit. If cash is withdrawn by the borrower this reduces its deposits. So, the cash is “used” in the process of settling a borrower’s withdrawal. This is the key point that confuses so many–banks don’t “use” cash or reserves to make loans since those are merely bookkeeping entries. They need cash or reserves to settle withdrawals that arise from creating the loan/deposit.” http://pragcap.com/resources/understanding-modern-monetary-system |
||||
|
||||
|
JJLehto
Prog Reviewer 
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:01 |
|||
|
Exactly, I've realized the Fed has failed miserably in its job of controlling the boom/bust cycle and fighting inflation, (my semi educated guess is they've purposely allowed inflation which of course makes the booms and thus busts even worse).
It does indeed make sense to have a Fed with fiat money, so the best solution is to have the gold standard it seems. Ideally I'd like to see an end to fractional reserve banking, I'm sure you guys are opposed to a law mandating it...but maybe one at least requiring the choice for the public? There could still be investment accounts or entire separate entities for investing, and without a Fed I'd assume there'd be an advantage to those who practice full reserve. Thanks for the info Pat, you know your sh*t without a doubt. Edited by JJLehto - March 28 2012 at 18:02 |
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:05 |
|||
|
Alright Ric! Finally.
Some more info to digest. edit: sh*t, even more to digest. Right off the bat I will say "banks are users of government money" and talking about fractional reserve banking seem to imply the system is kind of self supporting? Really, thanks for all this. I got quite a bit to read. Edited by JJLehto - March 28 2012 at 18:10 |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:06 |
|||
|
http://www.neogaf.com/forum/showthread.php?t=144703&page=21
Pages 21-24 or so, are all financial discussions. The user Black Mamba is more knowledgeable than I am.
Edited by KoS - March 28 2012 at 18:07 |
||||
|
||||
|
The T
Special Collaborator 
Honorary Collaborator Joined: October 16 2006 Location: FL, USA Status: Offline Points: 17493 |
Posted: March 28 2012 at 18:08 |
|||
 No, seriously, I agree that employers have all the right to ask for information about job candidates that they consider valuable and candidates have all the right to tell them to f**k off, then walk out and go to the next interview. I would say something in the lines of what David said. I would never ever give my password to nobody. But then again, as with everything in life, one has decisions to make based on value. If they offer me a fantastic job with fantastic pay, and they asked me for my facebook login as requirement, I would have to put that on a scale whose other side would be taken by my need for privacy and my pride. The decision would ultimately go whichever way maximizes my benefit the most. Maybe in that situation I would say to myself "who the f**k cares about my FB info anyway, I have no pics of my smoking crack off a transvestite's ass dressed on a Santorum t-shirt after all, let's go ahead and get this damn well-paying job". |
||||
|
||||
|
||||
|
The T
Special Collaborator
Honorary Collaborator Joined: October 16 2006 Location: FL, USA Status: Offline Points: 17493 |
Posted: March 28 2012 at 18:12 |
|||
|
||||
|
|
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:13 |
|||
|
BTW no to delve into the FB thing too much... that's not the gravest of issues for me.
I just was venting it's kind of horrifying to me they need to know so bad but IRL I know you can easily decline and leave, or have to accept the measure if you want to take the job. Also yeah my FB is open since I have nothing remotely incriminating anyway, was just venting they can't just let it go as you being an employee, you have to be a slave  |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:20 |
|||
1) Zimmerman was not an official member of the neighborhood watch. 2) Zimmerman has a past history of aggression, including a domestic dispute with his ex-fiance which resulted in a restraining order being placed on him. 3) A history of calling 911 (46 calls during the course of a single year), with more than just a few of those calls specifically targeting young black males or "strange vehicles" driven by "suspicious" looking people. 4) That Zimmerman's 911 call firmly establishes his confrontational mood. Comments like, "These a****les always get away," and "f**king >blank<" definitely say to me that he wasn't in the mood to rationally, and reasonably talk this situation out with Trayvon. 5) Zimmerman isn't psychic. He couldn't have possibly known about Trayvon's past any more than Trayvon could have known about Zimmerman being a part of the neighborhood watch. 6) Zimmerman didn't listen to the 911 dispatcher when they told him not to follow the "suspicious" person, and to just meet up with the police. Instead, Zimmerman told them to "have them call me, and I'll tell them where I'm at." Why didn't he stay where he was? Why didn't he just wait until the police showed up, and then pointed in the direction the "suspicious" person went when they arrived? 7) By Zimmerman's own admission, the "suspicious" black kid that "looks like he is up to no good. He is on drugs or something," noticed Zimmerman following him in an SUV and started to run away. I don't know about you, but I've been walking down the street at night on my way home, and I've been unnerved by slowmoving vehicles riding up along beside me while I was walking. It's fricking scary. Thinking back to when I was 17, I would have been scared sh*tless and apprehensive, and maybe even bolted myself. When you are being followed by a complete stranger, it's completely reasonable for you to flee if you are uncomfortable. That's not the fault of the person being followed. Just because Zimmerman's racial bias made him interpret Trayvon's fleeing as a sign of guilt isn't Trayvon's fault, nor is it justification for Zimmerman pursuing him with his firearm. 8) For a man that felt his life was in danger enough to pull out his gun and shoot an unarmed kid, and that his bloody nose and scratched head were enough to warrant pulling out the gun, he refrained from being admitted to the hospital. 9) Neighborhood Watch members are prohibited from carrying firearms. Even so, Zimmerman was the type who felt the need to be armed at all times. This is, in my opinion, a recipe for trouble. Paranoia and firearms simply don't mix, no matter what side of the gun debate you reside on. 10) If it's true that the fatal altercation happened in between houses, that completely refutes Zimmerman's claim that he was "jumped from behind" by Trayvon while going back to his car. It implies that Zimmerman chased Trayvon through the buildings, and an altercation broke out. 11) Trayvon's girlfriend, who was talking to Trayvon at the time of the incident, claims she heard Zimmerman ask him what he "was doing here," then the call abruptly ended. She called him back, but got no answer. This claim also contradicts Zimmerman's claim of being jumped. He can't be jumped if he was talking to Trayvon. I think there has been plenty of information concerning the beginning and end of the incident. Some of the in between events are muddied, but that's what a proper police investigation would have uncovered, if the Sandford PD wasn't so quick to chalk it up to "self defense," run drug tests on Trayvon (and not he shooter who killed him), and call it an open and shut case, not even bringing in Zimmerman for questioning. quoted from another poster somewhere else but the facts are there.
|
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:25 |
|||
|
This is not a debate per se just organizing my own thoughts:
"You've just turned banks into a storage unit" was said at one point in that neo gaf madness. Is that so bad? I guess I must be losing my mind, what's wrong with having a 100% guarantee of safety with your money? Wouldn't it also end bank runs? If there's no fear of "oh sh*t my money is not gunna be there" then there'd be no runs or at least less brutal ones. There can still be investment banks as separate entities. Even the "storage banks" can have investment programs or something like that. Seems to me like the whole fed/banking system is self supporting. Also I've seen the claim that stable inflation is a good thing a few times in that convo as well as real life. Seems to be a bad thing to me, it continually erodes the power of your money and won't that lead to unnatural growth? Edited by JJLehto - March 28 2012 at 18:28 |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:31 |
|||
Keep reading, and what you are arguing for is a bank to be a great big piggy bank. which is not the point of a bank. even though they are both banks. Language is fun.
Edited by KoS - March 28 2012 at 18:33 |
||||
|
||||
|
The T
Special Collaborator
Honorary Collaborator Joined: October 16 2006 Location: FL, USA Status: Offline Points: 17493 |
Posted: March 28 2012 at 18:38 |
|||
|
1. Doesn't prove anything.
2. Doesn't prove anything. He could still have acted on self-defense. 3 Doesn't prove anything (except that he is an idiot). 4. Doesn't prove anything, except that he should never be given positions of responsibility. 5. I agree with this, but it doesn't prove anything regarding the killing. 6. Because he certainly is a confrontational idiot. It still doesn't prove anything. If someone acts like a criminal 99% of the time, that is still no proof that a crime attributed to that person was commited by him. 7. I agree with this. The guy is a total calamity. But we still haven't arrived at the act itself. I agree though that if this was the case the situation was going to escalate and turn bad very soon. 8. We don't know the reason. Not even circumstancial evidence. 9. No matter what side of the gun debate you're on, this point contributes nothing to the case. All it proves is he loved to carry a firearm, not that he honestly didn't act on self-defense. 10. This point might be more relevant and would be closer to providing a clue as to the final events. 11. This is something that needs to be studied further. It's very likely that this Zimmerman guy is guilty of actual homicide but conclusions should be made after an analysis of facts. What cases like this illustrate is how difficult it is to do so when they are painted with a racial brush. People on one end will cry "murderer, hang him" while other people will say "self-defense, the other guy was a drug dealing criminal!", but the actual facts of the case will be ignored and justice poorly served. That's why is sane and healthy to treat this as a justice issue and not a racial one. Whether the killer was racist or no, the other guy is still dead.
|
||||
|
|
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:47 |
|||
|
Do most people know what the point of a bank is?
I bet many would be a little shocked to find out their money is not all there and being gambled with. I still don't see why the choice can't be there. There can be the choice of a piggy bank account or a normal one. You can even have both! I also don't see banking as it is just dying if we went to big ol piggy banks. Surely new entities would be created to fill the role. Maybe there'd be separate accounts in one bank? Long as there is some divide between the piggy banks and investing. |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:53 |
|||
|
That's why the bank is insured( federally, but you know, the Libertarian boogeyman). And that;s how they make money.
Edited by KoS - March 28 2012 at 18:54 |
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 18:54 |
|||
Ugh, tried to resist but need to jump in this debacle. That ^ is correct. If we ever want to hope an honest racially harmonious society shouldn't we drop looking at issues through race? The killing was almost certainly racially motivated, which is terrible. So is murder. However, is it worse because of the racial issue? A life is a life. Are we more concerned with their skin color or that a murder happened? He should be tried absolutely, for murder, and legal cases should be kept as such...without the media circus. When a legal case becomes a circus it erodes justice, and people being people will always try to use the case for their benefit. http://dailycaller.com/2012/03/26/former-naacp-leader-accuses-sharpton-and-jackson-of-exploiting-trayvon-martin/ I just hate making race an issue because even if with the best of intentions doesn't it just keep us all looking at issues with a racial lens? It's like picking a wound. And I've always thought all that...it goes back even to when I was a crazed leftist who thought Ron Paul and less government was the devil, so you can't use that excuse on me  |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 18:55 |
|||
|
Why? the reason he went after the kid that was because of race. And I don't exactly consider it a race issue, I consider it an incompetence issue.
Also, we do not live in a post-racism world. Stop trying to think that we do. Edited by KoS - March 28 2012 at 18:58 |
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 19:00 |
|||
But with piggy banking that's gunna be the end of it? Everyone making money will be fine with it? The same type of banking would surely open up. But without the backing of the government wouldn't there be less incentive to take such radical gambles like they did through the 2000s? Wouldn't they not say to that young couple "Suuuure you can take a $450,000 loan for that mega house, just dont worry we got it"? True story. If so then fine, they will just pay the price of irresponsibility. In the mean time peoples money would be safe in their big ol piggy banks. |
||||
|
||||
|
The T
Special Collaborator
Honorary Collaborator Joined: October 16 2006 Location: FL, USA Status: Offline Points: 17493 |
Posted: March 28 2012 at 19:03 |
|||
|
||||
|
|
||||
|
||||
|
JJLehto
Prog Reviewer
Joined: April 05 2006 Location: Tallahassee, FL Status: Offline Points: 34550 |
Posted: March 28 2012 at 19:04 |
|||
Ahhhhhhh but that's exactly it! You are right we don't. However, by keeping things up doesn't it indeed perpetuate it? Then just to say "yeah well that's not how it is". I smell a cycle. Pretend we dont!? I fully admit we don't just to drive that point home. However I am trying to be so. I do my part by not being racist, the overall idea can only go away with time like any wound. *Forrest Gump* That's all I have to say about that! Edited by JJLehto - March 28 2012 at 19:08 |
||||
|
||||
|
KoS
Forum Senior Member
Joined: May 17 2005 Location: Los Angeles Status: Offline Points: 16310 |
Posted: March 28 2012 at 19:10 |
|||
Govt. policies did not contribute to those poor investments. That was poor business practices.
|
||||
|
||||
|
Post Reply
|
Page <1 1718192021 294> |
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
"Freedom" thread or something
Topic Options
Equality 7-2521 wrote: