I'm guessing here.What happened in 1971?
OPEC?
Or, gold standard abolished?
Swear I didn't Google, sosuave's honor.
I'm guessing here.What happened in 1971?
It's an independent entity within the government, yes. Profit-making corporation? No.It is a private membership corporation chartered by the federal government. It is not part of the federal government. There are no federal employees on its board or its payroll. The influence the federal government has on the Fed is Presidential confirmation of the chairman proposed by Federal Reserve members and semi-annual 'Humphrey-Hawkins' session with each house of Congress.
It must be hard to cling to watch your right-wing fallacies fail over and over again.I
You really don't know sh*t do you except from the lunatics that poured all that sh*t into your head. Get better friends Pee Wee.
Like everything else I've told you, it's available from many high veracity sources.
Departure from gold-standard is not relevant to modern money?He is referencing breton woods and the closure of the gold redemtion window, but he still has to explain the entire relevance behind his theory and why it does not apply to other cases. At this point he is just dodging and weaving.
Countries no longer use currency that is backed by tangible assets since divorcing from gold in 1971. The currency itself represents the value of goods and services of the country's economy, but it is just a point system with which they float against one another. If a loaf of bread is made to be $1 billion tomorrow, it has no effect on the United States' ability to pay any of its bills. It simply means creditors will be extremely pissed off when the U.S. debt they invested in doesn't get them anything in any kind of trade or exchange.I made no such statement, but nice dodge.
YOU however have to show the relevance since you brought it up as an answer to the question on Rome's inflation.
I didn't say 'profit making' - you did. Put words in your own mouth Pee Wee.Profit-making corporation? No.
Back then energy = slaves. Maybe the price spiked.If inflation is a function of energy prices as you claim, again I ask how the price of oil impacted the inflation experienced by the Roman Empire.
Again, you're inserting a strawman argument. This entire monetary discussion has the context of post-1971, which was established earlier in the thread.So what exactly does that have to do with my original question?
If inflation is a function of energy prices as you claim, again I ask how the price of oil impacted the inflation experienced by the Roman Empire.
Ha! Reps.Back then energy = slaves. Maybe the price spiked.![]()
Virtually all political 'grass roots' crap for the last 30 years or so has been orchestrated and funded by 'big' something - big business, big labor, big government. And all of it stage managed by big lobbyists and big interest groups.Super PAC spends $1 million to pay people to pretend to support Hillary on the Internet:
http://www.pastemagazine.com/articl...intons-super-pac-taking-a-page-from-vlad.html
Not exactly a first in the world of politics now is it.Trump is finally admitting what we all knew... his entire charade is an act for his followers. Trump can do or say anything he wants right now, and they'll still vote for him.
Changed my position then. Trump wants to cut off my checks and healthcare. I don't even have to pay copay and i need another surgery because i ****ed it up again.That isn't called evolution.....
Moth to flame.Changed my position then. Trump wants to cut off my checks and healthcare. I don't even have to pay copay and i need another surgery because i ****ed it up again.
Never thought i would be like this but.__.....gimmiedat!!! What is this about an Obamaphone? Food stamps?
Eh, I think everyone who votes should vote out of self-interest.Moth to flame.
Moths are 'self-interested' in flames.Eh, I think everyone who votes should vote out of self-interest.
I think having some income is pretty damn important. Being broke is the worst. How do i apply for an obamaphone? I got a long way to go.Moths are 'self-interested' in flames.
Why would i troll posting from a mobile device which is a pain in my ass. I quit drugs. We broke up 3 times due to it. I dumped her. Keeps coming back. Emotional rollercoaster? Maybe.Seems trollish to me, but recalling how you smoke weed all of the time, well all the pieces just fit together....
Welcome to the legalized robbery States of America.