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Gunstan
Envoy
 
Posts: 213
Founded: Aug 10, 2013
Ex-Nation

Postby Gunstan » Wed Sep 04, 2013 8:28 pm

The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.
The essence of childhood, of course, is play, which my friends and I did endlessly on streets that we reluctantly shared with traffic.

If you carry your childhood with you, you never become older.

One of the luckiest things that can happen to you in life is, I think, to have a happy childhood.


Childhood is a short season.

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Bering
Postmaster-General
 
Posts: 12711
Founded: Aug 25, 2012
New York Times Democracy

Postby Bering » Wed Sep 04, 2013 8:29 pm

The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?

Because Ron Paul said so
*nods*
Human Beings are humans, not property. Corporations, (Corporate Property), is property; it is not a human being. Once we understand these two simple concepts, we can move on as a society. - Shofercia

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The Nuclear Fist
Post Czar
 
Posts: 33214
Founded: May 02, 2010
Ex-Nation

Postby The Nuclear Fist » Wed Sep 04, 2013 8:29 pm

The Silver Bloods wrote:You must be a special kind of stupid, haha.

And you're flaming, which is against the rules.

It's almost like you didn't realize that was sarcasm.

I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

California's running a surplus, so right off the bat you seem to be wrong.
[23:24] <Marquesan> I have the feeling that all the porn videos you watch are like...set to Primus' music, Ulysses.
Farnhamia wrote:You're getting a little too fond of the jerkoff motions.
And you touch the distant beaches with tales of brave Ulysses. . .
THE ABSOLUTTM MADMAN ESCAPES JUSTICE ONCE MORE

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Quackquackhonk
Chargé d'Affaires
 
Posts: 469
Founded: Jul 19, 2013
Ex-Nation

Postby Quackquackhonk » Wed Sep 04, 2013 8:29 pm

Gunstan wrote:In 6 weeks (this is a rough number) from today, the US Government will be down to anything from 0$ to 50 billion (witch would last for less then a single day)

Congress seems to have few options

1. Let the government run out of money.

2. Raise debt ceiling (Nice way to say, we will deal with this later, when the problem is worse.)

3. There is no option 3 really, I suppose if worse came to worse the government could just start selling land,old military hardware,gold (assuming the gold is still there.)




So, what do you guys think the government should do?


Personnally, I think we need to end it and restart it.


i assume you enjoy anarchy, yes?

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The Nuclear Fist
Post Czar
 
Posts: 33214
Founded: May 02, 2010
Ex-Nation

Postby The Nuclear Fist » Wed Sep 04, 2013 8:29 pm

Gunstan wrote:Jackson did it and it all turned out fine.

Except for the financial collapse, of course.
[23:24] <Marquesan> I have the feeling that all the porn videos you watch are like...set to Primus' music, Ulysses.
Farnhamia wrote:You're getting a little too fond of the jerkoff motions.
And you touch the distant beaches with tales of brave Ulysses. . .
THE ABSOLUTTM MADMAN ESCAPES JUSTICE ONCE MORE

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The lepearchauns
Diplomat
 
Posts: 548
Founded: Feb 05, 2007
Left-Leaning College State

Postby The lepearchauns » Wed Sep 04, 2013 8:29 pm

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.


Jackson also watched over the trail of tears...not a role model
Last edited by The lepearchauns on Wed Sep 04, 2013 8:29 pm, edited 1 time in total.
Lep

Former CoDF/ Vice Chancellor, FRA
Former Delegate, South Pacific
Former being of awesomeness, everywhere


Kogvuron, the answer to how long you owned my signature from the IPO auction is apparently 9 months

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Bering
Postmaster-General
 
Posts: 12711
Founded: Aug 25, 2012
New York Times Democracy

Postby Bering » Wed Sep 04, 2013 8:29 pm

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.

Um, No...No it didn't
Human Beings are humans, not property. Corporations, (Corporate Property), is property; it is not a human being. Once we understand these two simple concepts, we can move on as a society. - Shofercia

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Cannot think of a name
Postmaster of the Fleet
 
Posts: 27876
Founded: Antiquity
Civil Rights Lovefest

Postby Cannot think of a name » Wed Sep 04, 2013 8:30 pm

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.

Sometimes I feel like it's a race to see how quickly a poster can erode the benefit of the doubt.

I mean, seriously dude, this isn't even my cause but just reading along in the thread has made me laugh at this post.
Everything for the cat.

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Ainin
Postmaster-General
 
Posts: 13975
Founded: Mar 05, 2011
Left-wing Utopia

Postby Ainin » Wed Sep 04, 2013 8:31 pm

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.

Then we have different definitions of "fine".
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Gunstan
Envoy
 
Posts: 213
Founded: Aug 10, 2013
Ex-Nation

Postby Gunstan » Wed Sep 04, 2013 8:31 pm

Bering wrote:
Gunstan wrote:
Jackson did it and it all turned out fine.

Um, No...No it didn't



Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.
The essence of childhood, of course, is play, which my friends and I did endlessly on streets that we reluctantly shared with traffic.

If you carry your childhood with you, you never become older.

One of the luckiest things that can happen to you in life is, I think, to have a happy childhood.


Childhood is a short season.

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Skeckoa
Minister
 
Posts: 2011
Founded: Jan 06, 2013
Civil Rights Lovefest

Postby Skeckoa » Wed Sep 04, 2013 8:32 pm

The Silver Bloods wrote:
Bombadil wrote:Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.


Even in California's state, it still inputs more into the US government than it receives in return, so we ain't going anywhere either. :twisted:
—————————— Nationstates User Map here!
———————————— Support your local communites, celebrate difference, time is cyclical
———————————— Workers, unite! Dismantle Colorism. Modern politicians are pedos and eat babies and worship S*tan
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———————————— We're all brothers and sisters trapped under the same sky.

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Cu Math
Senator
 
Posts: 3503
Founded: Mar 12, 2012
Corporate Police State

Postby Cu Math » Wed Sep 04, 2013 8:32 pm

The Silver Bloods wrote:
Bombadil wrote:Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.

Florida costs us more money than it gives back. 581 dollars per person more to be exact.
Those who are not willing to support us are second-rate nations, but first-rate main courses.
Ph'nglui Mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn
From the Council of Terrible Elders
Distributor of Potato Medals
Acolyte of the NSG Sodomy Club
Requiescat In Pacem, Dyakovo. You were the best of us
Ordained Dudeist Priest
Divair's Big Guide to Proving Evolution
Atheist, Bisexual and Bagpiper
Palestinian-Scottish-American

The One And Only Duke Of The Potato

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The Nuclear Fist
Post Czar
 
Posts: 33214
Founded: May 02, 2010
Ex-Nation

Postby The Nuclear Fist » Wed Sep 04, 2013 8:32 pm

Gunstan wrote:Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

The gilded age was terrible, I'm not sure why you would want it back.

And source on Jackson's policies having long term benefits? I'm relatively certain economic collapse is bad.
[23:24] <Marquesan> I have the feeling that all the porn videos you watch are like...set to Primus' music, Ulysses.
Farnhamia wrote:You're getting a little too fond of the jerkoff motions.
And you touch the distant beaches with tales of brave Ulysses. . .
THE ABSOLUTTM MADMAN ESCAPES JUSTICE ONCE MORE

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Blasveck
Postmaster-General
 
Posts: 13877
Founded: Dec 21, 2010
Ex-Nation

Postby Blasveck » Wed Sep 04, 2013 8:33 pm

Gunstan wrote:
Bering wrote:Um, No...No it didn't



Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.


Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.
Forever a Communist

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Nationalist Eminral Republic
Negotiator
 
Posts: 5862
Founded: Jun 24, 2012
Ex-Nation

Postby Nationalist Eminral Republic » Wed Sep 04, 2013 8:33 pm

Gunstan wrote:
Bering wrote:Um, No...No it didn't



Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Do you really think that gold is immuned to any crisis and that it's value will not go down?
[align=center]
Federation of Eminral RepublicPederasyon ng Republika ng Eminral
エミンラル共和連邦 Federación de la República Eminral

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Skeckoa
Minister
 
Posts: 2011
Founded: Jan 06, 2013
Civil Rights Lovefest

Postby Skeckoa » Wed Sep 04, 2013 8:34 pm

It is in times like these that one must remember...

"In the long run, we are all dead..."
—————————— Nationstates User Map here!
———————————— Support your local communites, celebrate difference, time is cyclical
———————————— Workers, unite! Dismantle Colorism. Modern politicians are pedos and eat babies and worship S*tan
CALIFORNIA REPUBLIC God's real. Capitalism is disease. Urban farming initiatives!
———————————— We're all brothers and sisters trapped under the same sky.

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Gunstan
Envoy
 
Posts: 213
Founded: Aug 10, 2013
Ex-Nation

Postby Gunstan » Wed Sep 04, 2013 8:35 pm

Blasveck wrote:
Gunstan wrote:

Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.


Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.




Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.
The essence of childhood, of course, is play, which my friends and I did endlessly on streets that we reluctantly shared with traffic.

If you carry your childhood with you, you never become older.

One of the luckiest things that can happen to you in life is, I think, to have a happy childhood.


Childhood is a short season.

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Pavlostani
Senator
 
Posts: 4703
Founded: Jun 09, 2012
Ex-Nation

Postby Pavlostani » Wed Sep 04, 2013 8:36 pm

Bering wrote:
Jamessonia wrote:Spain. Russia. China. Anyone, really :p

I don't know most countries have SOME standards :p


Alright. North Korea.

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.


So, because one man who lived approximately two hundred years ago in the days of a different reserve did it, things will go fine?

The Silver Bloods wrote:
Bombadil wrote:Sell Florida..

Everyone knows this is the right answer.

You must be a special kind of stupid, haha.
I live in Florida and we have the fourth strongest economy in the US, if you did sell Florida then you would screw the US even more, Michigan is about to go completely bankrupt and California and several other states follow them. But Florida will be one of the last to fall, Florida isn't going anywhere.


Meh, at least we don't have to worry about ballsing up elections once you're gone.
Last edited by Pavlostani on Wed Feb 14, 2018 8:21 am, edited 2,742,950,128,932 times in total

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Cu Math
Senator
 
Posts: 3503
Founded: Mar 12, 2012
Corporate Police State

Postby Cu Math » Wed Sep 04, 2013 8:36 pm

Gunstan wrote:
Bering wrote:Um, No...No it didn't



Not in the short term, but in the long term, with real money backed with real gold, we had the biggest boom in the economy one could imagine, yep, this is why you should not expect to see a guilded age with this rate the money is being devalued.

Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.
Those who are not willing to support us are second-rate nations, but first-rate main courses.
Ph'nglui Mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn
From the Council of Terrible Elders
Distributor of Potato Medals
Acolyte of the NSG Sodomy Club
Requiescat In Pacem, Dyakovo. You were the best of us
Ordained Dudeist Priest
Divair's Big Guide to Proving Evolution
Atheist, Bisexual and Bagpiper
Palestinian-Scottish-American

The One And Only Duke Of The Potato

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Blasveck
Postmaster-General
 
Posts: 13877
Founded: Dec 21, 2010
Ex-Nation

Postby Blasveck » Wed Sep 04, 2013 8:37 pm

Gunstan wrote:
Blasveck wrote:
Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.




Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.


Why the fuck are you calling me an idiot?

You're the one spouting needless rhetoric, resorting to ad hominem attacks instead of having a pair and backing up your shit when we ask you to.
Forever a Communist

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Bering
Postmaster-General
 
Posts: 12711
Founded: Aug 25, 2012
New York Times Democracy

Postby Bering » Wed Sep 04, 2013 8:37 pm

Gunstan wrote:
Blasveck wrote:
Source all that please.

And please, don't forget about the two longest depressions in American history during that time period as well.




Dont forget about the 11 reccesions since 1913, including the Great Depression idioto.

And those are the reserve's fault how?
Last edited by Bering on Wed Sep 04, 2013 8:37 pm, edited 1 time in total.
Human Beings are humans, not property. Corporations, (Corporate Property), is property; it is not a human being. Once we understand these two simple concepts, we can move on as a society. - Shofercia

User avatar
The Nuclear Fist
Post Czar
 
Posts: 33214
Founded: May 02, 2010
Ex-Nation

Postby The Nuclear Fist » Wed Sep 04, 2013 8:37 pm

Cu Math wrote:Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*
[23:24] <Marquesan> I have the feeling that all the porn videos you watch are like...set to Primus' music, Ulysses.
Farnhamia wrote:You're getting a little too fond of the jerkoff motions.
And you touch the distant beaches with tales of brave Ulysses. . .
THE ABSOLUTTM MADMAN ESCAPES JUSTICE ONCE MORE

User avatar
Bering
Postmaster-General
 
Posts: 12711
Founded: Aug 25, 2012
New York Times Democracy

Postby Bering » Wed Sep 04, 2013 8:38 pm

The Nuclear Fist wrote:
Cu Math wrote:Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*

No! Cap-based economy *nods*
Human Beings are humans, not property. Corporations, (Corporate Property), is property; it is not a human being. Once we understand these two simple concepts, we can move on as a society. - Shofercia

User avatar
The lepearchauns
Diplomat
 
Posts: 548
Founded: Feb 05, 2007
Left-Leaning College State

Postby The lepearchauns » Wed Sep 04, 2013 8:38 pm

Gunstan wrote:
The lepearchauns wrote:The federal reserve is a bank put in place to run the US government. It is in charge of the national debt, financing government, setting banking standards like long term interest rates and managing the countrys currency system. Without it, the government has no money, the government has no way to borrow money(unless you want Obamas bank account managing trillions of dollars), US banking loses most of its regulation and the US economy collapses into itself overnight...so tell me again how abolishing it overnight is a good thing?


Jackson did it and it all turned out fine.


I assume you know that Jackson favored the agrarian south and opposed the national bank because he felt it profited northern industry over southern farmers...right?
Lep

Former CoDF/ Vice Chancellor, FRA
Former Delegate, South Pacific
Former being of awesomeness, everywhere


Kogvuron, the answer to how long you owned my signature from the IPO auction is apparently 9 months

User avatar
Pavlostani
Senator
 
Posts: 4703
Founded: Jun 09, 2012
Ex-Nation

Postby Pavlostani » Wed Sep 04, 2013 8:38 pm

The Nuclear Fist wrote:
Cu Math wrote:Getting us off the gold standard helped end the great depression. Also, do you realize that gold is widely used as a material and so the price is unstable?
That's like basing the dollar off weasels. Nonsensical and something someone pulled out of their ass.

I support a weasel-based currency and you should too! *nods*


Now you have to run for president and bring us to the weasel standard.
Last edited by Pavlostani on Wed Feb 14, 2018 8:21 am, edited 2,742,950,128,932 times in total

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