Fiat Empire

[SiliconJon]

[Atomic Rooster]

Suckered in again by a catchy title.

Here I thought this was going to be an interesting video about the Italian car manufacturer.

[SiliconJon]

Man, are you my butt shadow? I can't read your TIMO posts fool, you're the only active member on my ignore list after you trolled so many of my posts.

[SiliconJon]

Eh, nevermind...

[SiliconJon]

Much better than the one I just "neverminded"

[Atomic Rooster]

That's a minute and forty two seconds of my life I'll never get back.



Still, no Fiats. Hmmm . . .

[Shipuuden]

There you go.

[SiliconJon]

>:O

[Atomic Rooster]

Nice find Shipuuden.

The True Fiat Empire:

[Beemer]

AR has a tough job. He shadows 2 of our butts. Wish he carried wet naps so he could lend a hand while he's back there.

Hope you're in a good mood AR.

[Atomic Rooster]

Canadian humor at it's best.

[SiliconJon]

http://www.financialsense.com/fsu/ed...2005/1129.html

[The Real Bingo]

Canadian humor at it's best.

I believe it's 'humour'.

[SiliconJon]

When even debt loses its margin...

It's Always Darkest Before the Dawn...of a Depression

[SiliconJon]

So what are the pro's and con's of fiat monetary policy versus the gold standard?

FIAT:
Pro : Fiat induces hyper growth due to the increased availability of work stimulus (money)
Con : fiat induces inflation, though not at a 1:1 ratio, due to unchecked money supply increases
Pro : Fiat provides a fast short term profit
Con : Many argue, mostly due to historic examples, that fiat will implode in the long term due to mankind’s inherently corrupt nature (it's a great theory on its own, until all the factors are put into play)

Gold Standard
Pro : Auditable backing prevents inflation, or more specifically dollar devaluation (keeping the money from loosing value due to unbalanced supply increases)
Con : Easier to filter from society / create financial barriers due to limited supply abilities
Pro : Lacking inflationary capabilities prevents political malfeasance due to a lack of abuse capabilities since money can't be created, then handed to cohorts, while those who worked for it at the "bottom" pay an invisible tax due to what is essentially THEFT
Con : Lower short-term production due to reduced money supply, which is a production stimulant

[jokostel]

Show me anywhere in the Constitution where it states that the government can collect taxes on an individuals income...
They are already stealing from us.... the problem is it's so ingrained... good luck getting rid of it.

And your policy ideas... while original , and may work far better... would be nothing more than a flash in the pan, because the system does what it wants to. It's too damn big to change now.

[SiliconJon]

Show them the money.

[SiliconJon]

Paulson Says Fed Lending Plan to Help Consumer Credit (Update1)

Treasury, Fed unveil program to boost lending - Nov. 25, 2008

[Toadman]

Banks aren't lending from their new bail-out funds, and you cannot force them.
Consumers aren't borrowing and you cannot force them.

Surprise surprise!! A band-aid on a sucking chest-wound!

And yes it is because they are not lending that we a have a "crisis" which is sending other businesses into bankrupcy for lack of available credit. Insane as some companies are now trading at 6 months earnings.

Throwing taxpayer money at it has done NOTHING.