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(Washington Post)   Republicans in Virginia are moving forward with their plans to create a new State currency so that when the Federal Reserve crashes, they're ready   (washingtonpost.com) divider line 232
    More: Interesting, Federal Reserve, Virginia  
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6418 clicks; posted to Main » on 25 Jan 2013 at 2:37 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-25 03:49:09 PM

Sybarite: when the Federal Reserve crashes


I stockpiled Geoffrey Dollars against just such an eventuality.


pssh. I have a garbage bag full of bottle caps..

/saved a few old school lunchboxes too, just in case
 
2013-01-25 03:50:19 PM
violation of the constitution plain and simple. Repubs if you don't want the federal reserve system to crash then quit putting party ahead of country and do what needs to be done.
 
2013-01-25 03:51:32 PM

grimlock1972: violation of the constitution plain and simple. Repubs if you don't want the federal reserve system to crash then quit putting party ahead of country and do what needs to be done.


It has already crashed. We are still propping it up.

It is not an IF, it is a when.
 
2013-01-25 03:51:36 PM

HartRend: The fact that you are justifying your investment by "easily beating inflation rates" tells me that you are already digging out of a hole.
Why does my government get to literally take buying power out of my pocket because they want to blow it on bullshiat like pointless wars and people who don't want to work?


Instead, we should go to a commodity backed currency that could be manipulated by foreign powers!

Why does my government get to literally take buying power out of my pocket

Without them, you wouldn't have any buying power in your pocket.

people who don't want to work?

Point to the part of the budget that goes to people that don't want to work.
 
2013-01-25 03:52:39 PM
Teeth? Is the new currency teeth?

Rare
Valuable
Finite supply
Fits right in your pocket
 
2013-01-25 03:53:03 PM

HartRend: doyner: HartRend: So because 3 people interpreted it this way

WAT?

SCOTUS = Very small population (9 or so)

America = Not so small population

Could it be that these few individuals may have a personal interest in ensuring the existence of the Federal Reserve?

Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

Could it be that your government doesn't give two shiats about you?

What scale is harder to tip, 300 + Million Americans, or 9 assholes who think they know it all?


Clearly I have not studied it out as much as you have.
 
2013-01-25 03:53:47 PM

HartRend: Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?


You think the Federal Reserve Bank bought off Supreme Court Justices?

HartRend: or 9 assholes who think they know it all?


Yeah, what makes those SCOTUS judges think they get to say what the constitution really means. Jerks.
 
2013-01-25 03:54:13 PM

impaler: HartRend: The fact that you are justifying your investment by "easily beating inflation rates" tells me that you are already digging out of a hole.
Why does my government get to literally take buying power out of my pocket because they want to blow it on bullshiat like pointless wars and people who don't want to work?

Instead, we should go to a commodity backed currency that could be manipulated by foreign powers!

Isn't that what we are doing to them? Why wouldn't they do it to us?

Why does my government get to literally take buying power out of my pocket

Without them, you wouldn't have any buying power in your pocket.

Without them, I would have more buying power.

people who don't want to work?

Point to the part of the budget that goes to people that don't want to work.

Food stamps.
 
2013-01-25 03:55:08 PM
www.trivisonno.com
 
2013-01-25 03:55:52 PM

HartRend: Point to the part of the budget that goes to people that don't want to work.
Food stamps.


Generally ABAWDS between 18 and 50 who do not have any dependent children can get SNAP benefits only for 3 months in a 36-month period if they do not work or participate in a workfare or employment and training program other than job search. This requirement is waived in some locations.
 
2013-01-25 03:57:03 PM
growlersoftware.com
 
2013-01-25 03:57:15 PM

impaler: HartRend: Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

You think the Federal Reserve Bank bought off Supreme Court Justices?

HartRend: or 9 assholes who think they know it all?

Yeah, what makes those SCOTUS judges think they get to say what the constitution really means. Jerks.


Considering the number of states attempting to succeed from the USsA right now, I don't think I'm the only one with this opinion of the Fed/SCOTUS
 
2013-01-25 03:58:04 PM

impaler: [growlersoftware.com image 579x396]


So you have run out of real arguments and now you are just flinging jokes at me?
 
2013-01-25 03:58:26 PM
Usually I'm not a fan of feeding the troll (HartRend), but in this case it's quite entertaining.
 
2013-01-25 04:00:13 PM

room at the top: Usually I'm not a fan of feeding the troll (HartRend), but in this case it's quite entertaining.


Om nom nom
 
2013-01-25 04:00:17 PM

HartRend: Go check out gold prices, see what the real buying power of your dollar is.


Oh, goody, you are a gold bug!

Please, then, tell me how we're supposed to run a $70 trillion world economy on $9 trillion worth of gold?
 
2013-01-25 04:00:31 PM
What happened to the link?

It's not broken, the headline text just doesn't have a link associated with it. Never saw that before in FARK. Spill something on the server again?

beerspill.fark.com
/hotlinked Fark's own 'drunk sysadmin' image
 
2013-01-25 04:02:45 PM

Amos Quito: The "Federal Reserve" - a privately owned bank celebrating 100 years of printing "money" out of thin air and "loaning" it to the United States Government at interest, said interest being collected from The People, under duress, in the form of Taxes.


It's terrible that this horrible system has seen the US economy grown to the largest in the world, with unequaled access to credit and an envious amount of fiscal liquidity, with fewer major bank runs or panics than earlier in the modern era. Such a travesty of economic stewardship.
 
2013-01-25 04:04:13 PM

HartRend: doyner: HartRend: So because 3 people interpreted it this way

WAT?

SCOTUS = Very small population (9 or so)

America = Not so small population

Could it be that these few individuals may have a personal interest in ensuring the existence of the Federal Reserve?

Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

Could it be that your government doesn't give two shiats about you?

What scale is harder to tip, 300 + Million Americans, or 9 assholes who think they know it all?


Whackjob-like typing detected...
 
2013-01-25 04:04:28 PM

HartRend: [www.trivisonno.com image 850x485]


You should gird yourself for that to increase, and it has nothing to do with laziness.

Some people say we have a rapidly aging demographic of elderly people that don't have proper retirement money. Some people.
 
2013-01-25 04:05:05 PM

theorellior: HartRend: Go check out gold prices, see what the real buying power of your dollar is.

Oh, goody, you are a gold bug!

Please, then, tell me how we're supposed to run a $70 trillion world economy on $9 trillion worth of gold?


I'm not a gold bug, necessarily, i'm just against a very small group of people, farking a very large group of people.

Oh, and the equation is 9/70, that is how you back currency with gold.

And the world economy, including deriviatives , is way WAY WAYYYYYYYYY BIGGER than 70 tril.

You are in the quadrillions my friend.

The point is, the dollar has been so whored out, that it's not worth what it was, hence the absence of gold backing.
So literally, you don't have to tie it to the gold, because gold is still worth money it still floats like any other product in the free market.
So not only does it not have to be officially tied, but it is an incredibly indicator by itself.

If you look at the price, shiat has been going downhill for a while.
 
2013-01-25 04:05:37 PM

doyner: HartRend: So because 3 people interpreted it this way

WAT?


Today I've switch from blocking the crazies to setting them as red-4 favorites. This allows me to track the derp when a thread starts okay then goes off the rails. I added a certain user base on this thread, as well others from a different thread. Suddenly this thread had a lot of red stains.

Now I won't wonder why a thread seems fine then suddenly has a lot of people grousing about a thin head, for example.

In summary: seriously, yo. The H got knocked out of the 'WHAT' because the whargarbl hit it as if it were uprights in the end zone.
 
2013-01-25 04:06:44 PM
New Republican slogan: An alternative currency for an alternative lifestyle.
 
2013-01-25 04:06:47 PM

Arkanaut: I gotta admire their moxie. Somehow, the currency backed by the full faith and credit of the federal government of the United States won't be enough, but Virginia -- surely the greatest of the 50 states -- will be trustworthy in the eyes of the world.


Since I'm pretty sure they'll be printing their new currency on tobacco leaves, at least it will have some value to the nicotine addicts once impending doom arrives...
 
2013-01-25 04:07:26 PM

HartRend: You are in the quadrillions my friend.


Right. Sure we are. Quadrillions.
 
2013-01-25 04:07:28 PM

room at the top: Usually I'm not a fan of feeding the troll (HartRend), but in this case it's quite entertaining.


My favorite was that SCOTUS had "9 or so" people. (It's been that way since the mid 19th century.) I wish more trolls would throw that kind of thing around
 
2013-01-25 04:07:43 PM

HotWingConspiracy: If the nickels have a picture of a bumblebee on them they might win some support.


"Gimme 5 bees for a quarter, we'd say."

\adjusts belt onion
 
2013-01-25 04:13:19 PM

theorellior: HartRend: You are in the quadrillions my friend.

Right. Sure we are. Quadrillions.


Did either of you put your pinky to your lip when you said this?

Cause that would be lame.
 
2013-01-25 04:14:03 PM

HartRend: So because 3 people interpreted it this way, we should all just take it in the ass?
Remind me not to drink any of your cool aid.


3? Try 9. On multiple occasions.

And not just any 9, either. No, it was  the specific 9 experts who are carefully vetted and chosen for their expertise and ability to decide such matters on behalf of our entire society

So yes: I'll take the word of those 9 before an obviously ignorant troll any day.

Also: it 'Kool Aid' you ass. Learn to spell. Especially when referencing an occasion when one of your type decided Jesus wanted him to murder a couple hundred people.
 
2013-01-25 04:15:52 PM

HartRend: If you are right, then we both get to have a good time.

If I am right, only I get to have a good time.


what is this? Bachmann's wager?

/ i could probably hit a better punchline if i paid closer attention to tea party people names.
// called myself Pascal's Bookie at a local trivia night at a bar and no one got the joke. made me miss the internet.
 
2013-01-25 04:17:11 PM

whistleridge: HartRend: So because 3 people interpreted it this way, we should all just take it in the ass?
Remind me not to drink any of your cool aid.

3? Try 9. On multiple occasions.

And not just any 9, either. No, it was  the specific 9 experts who are carefully vetted and chosen for their expertise and ability to decide such matters on behalf of our entire society.
So yes: I'll take the word of those 9 before an obviously ignorant troll any day.

Also: it 'Kool Aid' you ass. Learn to spell. Especially when referencing an occasion when one of your type decided Jesus wanted him to murder a couple hundred people.


HOLY shiat... 9!
That is so much closer to 300 million.

fark those idiots who drank the cool aid, they deserved what they got for not thinking for themselves, same as you.
fark your emo/homo spelling.
 
2013-01-25 04:18:19 PM

MBooda: Damn. Just looked at a dollar bill from my wallet, and it was printed by those crazy maniacs in San Francisco!


Uh, oh. You've probably caught teh ghey...
 
2013-01-25 04:19:02 PM

Sybarite: when the Federal Reserve crashes

I stockpiled Geoffrey Dollars against just such an eventuality.


Pshaw. I'm saving up "Larch" dollars for when TSHTF! I know they're good, because I made them myself.

// yes, my savings are a pile of leaves shoved in a pillowcase. why do you ask?
 
2013-01-25 04:19:38 PM
theeconomiccollapseblog.com
 
2013-01-25 04:20:04 PM

unchellmatt: Sin_City_Superhero: Measures like this wouldn't be needed if Soshalist Muslin HUSSEIN Fartbongo weren't farking up our country!

Inorite? If he wasn't made of muslin, maybe instead a good silk or even cotton, I'd be all for him. It's that muslin that gets to me.


Oh, I see it's time on Fark to slander con$ervatives again. As a good cosmopolitan liberal who knows what's best for everybody, it doesn't chap my normatively gay ass that Capitali$m is gone with a whimper. My parents funded my education and that's all I really care about the economy.

With our superior liberal intellect we should be content basking in our vast capacity to ingest semen and the uncontested surrender of our masculinity. Put a rainbow on that dollar sign - the Marxist narrative I had fisted in me tells me I am freer than ever, and it felt great.
 
2013-01-25 04:20:40 PM
These are your elected leaders.
Congratulations America!
 
2013-01-25 04:20:46 PM

HartRend: The point is, the dollar has been so whored out, that it's not worth what it was, hence the absence of gold backing.
So literally, you don't have to tie it to the gold, because gold is still worth money it still floats like any other product in the free market.
So not only does it not have to be officially tied, but it is an incredibly indicator by itself.

If you look at the price, shiat has been going downhill for a while.


O RLY?

Actually, inflation is flat right now:

http://www.usinflationcalculator.com/inflation/historical-inflation- ra tes/

And your implied devaluation is an absurdity. The dollar is currently about $1.35:1 against the Euro. It was that same rate in 2004:

http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-usd .e n.html

It has similar performance against other currencies, too, including the yen, pound sterling, and Canadian dollar, despite some pretty different economic conditions in each of those countries:

http://www.x-rates.com/graph/?from=JPY&to=USD&amount=1
http://www.x-rates.com/graph/?from=GBP&to=USD&amount=1
http://www.x-rates.com/graph/?from=CAD&to=USD&amount=1

And before you say but...but...but...GOLD, allow me to retort: gold is a *commodity*, not a *currency*. As such, it is subject to wide prices swings, primarily driven by speculation. And yes, gold is way up right now. Why? Because speculators are making a KILLING selling it to paranoid types. They're not keeping it themselves. No...they're selling it hand over fist to people who stash bars of it under their beds, and then those speculators take the real currency and go invest it and make even more money. Hence, the finite supply dwindles and the price goes up. Buy into that if you want, but it's foolish, IMHO.

Proof? How about another commodity to index against? A big one, like...oil? Or gas prices?

Huh. Dig a little bit and it turns out that gas prices are *lower* now than they have been in awhile. Like, back to that "QE3" thing all your types were howling about awhile ago. Remember that? How it was going to cause $5/gallon gas by New Year's?

What  actually happened? Well...like anyone with actual economics training predicted, the national average peaked at $3.12/gallon in August 2012 due to a storm. Then QE3 passed in early September. Today, the national average is $3.31. Yes, it will go up again for the summer, but they *always* go up for the summer:

http://newsroom.aaa.com/2013/01/gas-prices-aaa%E2%80%99s-fuel-gauge- re port-january-22-2013/

In short: you're full of shiat. On every. single. point. 

And you can't read.
 
2013-01-25 04:22:55 PM

whistleridge: HartRend: The point is, the dollar has been so whored out, that it's not worth what it was, hence the absence of gold backing.
So literally, you don't have to tie it to the gold, because gold is still worth money it still floats like any other product in the free market.
So not only does it not have to be officially tied, but it is an incredibly indicator by itself.

If you look at the price, shiat has been going downhill for a while.

O RLY?

Actually, inflation is flat right now:

http://www.usinflationcalculator.com/inflation/historical-inflation- ra tes/

And your implied devaluation is an absurdity. The dollar is currently about $1.35:1 against the Euro. It was that same rate in 2004:

http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-usd .e n.html

It has similar performance against other currencies, too, including the yen, pound sterling, and Canadian dollar, despite some pretty different economic conditions in each of those countries:

http://www.x-rates.com/graph/?from=JPY&to=USD&amount=1
http://www.x-rates.com/graph/?from=GBP&to=USD&amount=1
http://www.x-rates.com/graph/?from=CAD&to=USD&amount=1

And before you say but...but...but...GOLD, allow me to retort: gold is a *commodity*, not a *currency*. As such, it is subject to wide prices swings, primarily driven by speculation. And yes, gold is way up right now. Why? Because speculators are making a KILLING selling it to paranoid types. They're not keeping it themselves. No...they're selling it hand over fist to people who stash bars of it under their beds, and then those speculators take the real currency and go invest it and make even more money. Hence, the finite supply dwindles and the price goes up. Buy into that if you want, but it's foolish, IMHO.

Proof? How about another commodity to index against? A big one, like...oil? Or gas prices?

Huh. Dig a little bit and it turns out that gas prices are *lower* now than they have been in awhile. Like, back to that "QE3" thing all your types we ...


Unravel the derivatives, then tell me how things are.
 
2013-01-25 04:24:14 PM

byelii: cookiefleck: I'd love to see what their papermoney would look like.

Probably something like this:

[www.byelii.com image 850x363]


Wait... is that real? The confederacy actually printed pictures of black slaves on their currency?

[checks wikipedia]

Wow. Just... wow. What was wrong with those people?
 
2013-01-25 04:24:18 PM

DarkVader: I have WAY too many friends who are prepping for the whole "shiat hits the fan" concept, as if the entire country is about to imminently dissolve into a state of complete anarchy approaching Somalia.They're stockpiling food, weapons, and ammunition. I've been ridiculed because I don't have thousands of rounds of ammo for dozens of guns handy (and I'm not anti-gun, and I just might have some high-capacity magazines for the guns I might happen to already own) (or might not, not actually saying). Sure, shooting is fun, and it's more fun if you don't have to constantly reload.


I'm "prepping" by learning to grow my own food, and do woodworking & metalworking with hand tools. If the shiat never hits the fan, at least I have some enjoyable hobbies & fresh veggies, and not a pile of crappy food I don't want to eat & a bunch of guns and ammo I'll never use.
 
2013-01-25 04:24:56 PM

HartRend: [theeconomiccollapseblog.com image 850x390]


John Wilkes Booth killed JFK for printing those.
 
2013-01-25 04:25:32 PM

Matthew Keene: HartRend: [theeconomiccollapseblog.com image 850x390]

John Wilkes Booth killed JFK for printing those.


I know, but the sheeple have no clue.
 
2013-01-25 04:26:53 PM

HartRend: Matthew Keene: HartRend: [theeconomiccollapseblog.com image 850x390]

John Wilkes Booth killed JFK for printing those.

I know, but the sheeple have no clue.


Oswald...
 
2013-01-25 04:26:59 PM

HartRend: fark those idiots who drank the cool aid, they deserved what they got for not thinking for themselves, same as you.
fark your emo/homo spelling.


See, it was all nice until you had to say 'homo'.

I mean yeah, we all hate emo -- this isn't Reddit. We're all in our thirties or older, posting from work (where Reddit is blocked). The only emo we want is the emo lawn (because it cuts itself).

But 'homo'? In the Twenty-First Century? This isn't X-Box chat.

Let's stick to the topic: how you are afraid of judges and that the rise food stamp recipients during a major recession is a sign of the apocalypse.
 
2013-01-25 04:27:29 PM

theorellior: Amos Quito: The "Federal Reserve" - a privately owned bank celebrating 100 years of printing "money" out of thin air and "loaning" it to the United States Government at interest, said interest being collected from The People, under duress, in the form of Taxes.

It's terrible that this horrible system has seen the US economy grown to the largest in the world, with unequaled access to credit and an envious amount of fiscal liquidity, with fewer major bank runs or panics than earlier in the modern era. Such a travesty of economic stewardship.



You like bubbles?
 
2013-01-25 04:27:56 PM

HartRend: doyner: HartRend: So because 3 people interpreted it this way

WAT?

SCOTUS = Very small population (9 or so)

America = Not so small population

Could it be that these few individuals may have a personal interest in ensuring the existence of the Federal Reserve?

Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

Could it be that your government doesn't give two shiats about you?

What scale is harder to tip, 300 + Million Americans, or 9 assholes who think they know it all?


You sound like my Bible-thumping, Alex Jones-loving cousin. He's a goddamn idiot.
 
2013-01-25 04:28:31 PM

HartRend: HartRend: Matthew Keene: HartRend: [theeconomiccollapseblog.com image 850x390]

John Wilkes Booth killed JFK for printing those.

I know, but the sheeple have no clue.

Oswald...


Oswald killed Warren G. Harding in San Francisco in 1923. Get your shiat straight.
 
2013-01-25 04:30:03 PM

pseydtonne: HartRend: fark those idiots who drank the cool aid, they deserved what they got for not thinking for themselves, same as you.
fark your emo/homo spelling.

See, it was all nice until you had to say 'homo'.

I mean yeah, we all hate emo -- this isn't Reddit. We're all in our thirties or older, posting from work (where Reddit is blocked). The only emo we want is the emo lawn (because it cuts itself).

But 'homo'? In the Twenty-First Century? This isn't X-Box chat.

Let's stick to the topic: how you are afraid of judges and that the rise food stamp recipients during a major recession is a sign of the apocalypse.


I think the topic is Virginian Republic bashing, at least that's how Fark usually rolls.

Anybody who thinks creating a new currency , or state currencies, is a bad idea, has absolutely no idea as to how much the petrol dollar relies on occupation.
The occupation is funded by the petrol dollar, and that dollar is quickly spiraling out of existence.
Once the event horizon is reached, we will now longer be able to project our military might in to the world, our grasp on oil producing nations will falter, and the US will cease to be a superpower.
 
2013-01-25 04:30:57 PM

nekulor: HartRend: doyner: HartRend: So because 3 people interpreted it this way

WAT?

SCOTUS = Very small population (9 or so)

America = Not so small population

Could it be that these few individuals may have a personal interest in ensuring the existence of the Federal Reserve?

Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

Could it be that your government doesn't give two shiats about you?

What scale is harder to tip, 300 + Million Americans, or 9 assholes who think they know it all?

You sound like my Bible-thumping, Alex Jones-loving cousin. He's a goddamn idiot.


Yea fark those bible people, they're always up to no good!
 
2013-01-25 04:31:20 PM

HartRend: pseydtonne: HartRend: fark those idiots who drank the cool aid, they deserved what they got for not thinking for themselves, same as you.
fark your emo/homo spelling.

See, it was all nice until you had to say 'homo'.

I mean yeah, we all hate emo -- this isn't Reddit. We're all in our thirties or older, posting from work (where Reddit is blocked). The only emo we want is the emo lawn (because it cuts itself).

But 'homo'? In the Twenty-First Century? This isn't X-Box chat.

Let's stick to the topic: how you are afraid of judges and that the rise food stamp recipients during a major recession is a sign of the apocalypse.

I think the topic is Virginian Republic bashing, at least that's how Fark usually rolls.

Anybody who thinks creating a new currency , or state currencies, is a bad idea, has absolutely no idea as to how much the petrol dollar relies on occupation.
The occupation is funded by the petrol dollar, and that dollar is quickly spiraling out of existence.
Once the event horizon is reached, we will now longer be able to project our military might in to the world, our grasp on oil producing nations will falter, and the US will cease to be a superpower.


Good, maybe some perspective will help our population stop being such idiots.
 
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