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1341  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 07:20:41 PM
Yeah, making a loan is now counterfeiting  Roll Eyes

Loaning "money" you do not have is counterfeiting.

Where are you from, solarion?  If this is a language difficulty, here is the definition of the word:
:  made in imitation of something else with intent to deceive
:  forged <counterfeit money>
Quote

 If I do the same it is not called "loaning" it's called "fraud".

Because when you do it it *is* fraud (though not counterfeiting).  When I get such a loan from you, I get nothing.  When I get it through a bank, I can ...you know, spend it.
Quote

<another rant about Federal Reserve not being a branch of the government>
Yeah, we get it.

Re. Goldman Sachs:  Money is already paid back.  Relax Smiley

LOL I'm relaxed ty.

Shame bear sterns didn't pay their "dues" or they'd still be around today too eh? It's clearly not capitalism...so it must be something else right?

Congress is charged with creating the nation's currency...yes? Who has the authority to charge them with that incredible power? Is it...We the People perhaps? If so, how can *I* grant Congress the power to divest the authority to coin the nation's currency into the hands of unknown opaque private banking institutions? Further, how can *I* grant Congress the power to grant bankers the power to whip up currency from thin air, if *I* don't have that power to grant?

Have you EVER seen a definition of the word "dollar"? Can you define the word? Can you tell me why it keeps changing over time?

Quote
<another rant about Federal Reserve not being a branch of the government>
Yeah, we get it.

Does that mean that you concur? ...or you simply don't care? If you don't care that's fine, but your unfunny memes are not a position and don't encourage me to take you seriously. It's a rather significant point, so if you'd prefer to be taken seriously then don't just ignore important topics, like this one and my comments about Bretton Woods.

I can appreciate that you're a thoroughly indoctrinated true believer...willing to fight for the dysfunctional status quo, but that doesn't make these salient points just disappear.
1342  Other / Off-topic / Re: Drugs are legal on: May 16, 2014, 06:58:40 PM
When you gave up your guns you gave up the constitution, it's dead.  Nothing can protect what ever the criminals in power feeling like doing... nothing but guns and people with guns behind you.  Nothing will change until we are so desperate we are ready to die for freedom from debt slavery.. any good slaver also knows this and will do everything in their power to ensure the middle class that allows all these horrors to go one continues to have the wealth they have.  For if they lose the middle class the game is up.

Crash a plane into a several buildings and have your population so scared of the wind they will do anything for "protection" it's quite easy to control the masses :S...

Never gave up my guns, nor do I ever intend to. We can all do our part to collapse this sham of a system, just withdraw from it economically. Stop using banks & stop using credit dollars. Store your wealth in non-dollar denominated assets and conduct your affairs in cryptos wherever possible and physical dollars where necessary. Credit is the achilles heel of this particular beast. Starve it and it will die.
1343  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 06:38:45 PM
Yeah, making a loan is now counterfeiting  Roll Eyes

Loaning "money" you do not have is counterfeiting. If I do the same it is not called "loaning" it's called "fraud".

Quote
I'd say those problems are mostly the result of government programs. Savers are being brutally punished by low interest rates, which are also causing the debt growth you are talking about.

The problem with this argument is that the fed is not part of government, it's privately owned and it is the fed that sets interest rates. If it were free market economics determining that 0% interest rates were appropriate and that saving should be a losing proposition that'd be one thing, but that's not the case.
1344  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 06:00:20 PM
Is this specific and detailed enough for you?

No...it is not.

Goldman sachs is a privately owned company...yes or no? Why are US taxpayers on the hook for their failed gambling ventures? Banksters needn't "run away" with your funds to rob you, they'll have their army of politicians relieve you of your savings in due course. Who do you think is putting these guys in office?

Do you prefer the term "crony capitalist"? How about "national socialist"?
1345  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 05:59:42 PM
I just want to ask... those of you who are against FRB seem to see it as Bitcoin vs Fractional Reserve Banking, but you do realize that the two are not mutually exclusive, right?

Sure...off blockchain counterfeiting(FRB) is certainly possible.

More importantly, why?

Because there's no capitalism without capital and there's no capital without savings(capital formation). The current system will end whether you love it or hate it. It's doomed to failure because debt greater than previous debt is unsustainable. It will eventually collapse on itself. Savers are being brutally punished under the current system, and while FRB is only part of the problem, not the whole problem, it's the subject of this particular thread.
1346  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 05:28:22 PM
<coulda woulda shoulda crap snipped>... thanks

You're welcome.
1347  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 05:06:27 PM
Do you expect me to do anything else? i mean, do you not care about your money? if so,  why the hell the petition? do you just magically expect me not to care about mine? do you even think about things before you say/type them?

People have been asking scamfast WTF for months. <silence> <bs apologies> <more silence> THEY DO NOT CARE. They just merrily resell gear they've already sold once while ignoring the people that funded the entire venture.

Suddenly they're communicating...wonder what changed.

<bs snipped>Its impatience that lead to an extremely poor decision that may just cost people alot of money<bs snipped>

The poor decision was getting involved with scamfast months ago. Litigation is the only legal recourse these people have at this point. You make it sound like scamfast JUST taped out and was due to deliver in April of 2014. These people have already lost the bulk of their investment...myself included. Cookies for you if you requested and received one of your two refunds, but others have received nothing and they're understandably raw about it.

BTW, "alot" is not a word. If you're going to insult people for whom English is a second language then you must know this.
1348  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 04:57:02 PM
How specific would you like me to get?

Well, you could start by addressing the portion of that post that you keep *NOT* quoting.

Also, by all means drop the silly comparisons to a few frauds committed by scammers in bitcoin securities. There's no force of government behind those fraudulent enterprises. People voluntarily and unwisely trusted someone not trustworthy with their coins...end of story. It sucks, but it doesn't come close to comparing to the frauds committed by banksters and their government stooges.

If you seriously don't know what the word "Fascist" means then brush up on it and come back so we can discuss it intelligently.
1349  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 04:43:09 PM
armyofignorance seriously needs to go back to shill skool. Fourteen posts all on this one thread and all contrary to popular perspective. He/she shows up and immediately begins attacking the most ardent scamfast critics. This is one impatient troll.
1350  Economy / Economics / Re: Fractional Reserve Lending IS NOT bad - its unavoidable on: May 16, 2014, 04:34:46 PM
Why bother. Meme's, petty insults, and generalities is all lambchop has. He won't engage on specific issues because he doesn't know anything about the topic.

We can all do our part to keep the thread clear of trolls by not engaging them.
1351  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 02:49:44 PM
forcing someones hand... indirectly caused it, the direct cause was shitbags to begin with, ill agree there, but sometimes its better to outthink the shitbag.

How do you "outthink" scamfast into delivering products or refunds? They have the money, they have the gear, they have the information. This is a product that rapidly deteriorates in value. The sh1tbags pushed people to the point where they have nothing left to lose by litigating and unsurprisingly people litigated.

In other news, the sun rose this morning.
1352  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 02:34:54 PM
or are "liquidating" under their own terms...

They were doing that anyway. They've been selling the same gear twice for some time. Months late on shipping products to their original victims and they're sending stupid scam offers to "upgrade" their victims to the back of the line on their latest vaporware(bring your own PSU please). The involuntary bankruptcy petition isn't the cause of the fraudulent behavior, scamfast's crooked sh1tbag management is.
1353  Other / Off-topic / Re: Drugs are legal on: May 16, 2014, 12:47:21 PM
Interesting thread. I love discussing the Constitution and the rights of U.S. citizens. It is always Very important to know your rights. I am and have been very interested in national and global politics for a while, just recently I finished a Political Science class. Good shit, I recommend it.

While it's true that things are pretty messed up in the bureaucratic systems and we have moved further away from the Constitution, the Constitution itself is vague on most all of today's situations. So in most cases, the Constitution needs to be somewhat interpreted to see how it will apply to that situation. There are many people who are pro-interpretation and many that are die-hard "as it was written" Constitutionalists. What this all boils down to is if there is a case involving subjects that are not explicitly defined in the Constitution, i.e. drugs, what happens is it ends up at the U.S. Supreme Court, where the judges there decide what should/should not be legal according to the Constitution. What they rule in these situations often sets a precedent for future cases, and is usually "assumed" into law.

The Constitution and the Bill of Rights are crystal clear on every major point, but since they're intended to limit centralized authority, and that is seen as unfavorable by federalists, the issues are mucked up until they appear wishy washy.

For example:

Quote
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

This could hardly be more clear, yet we now have "no free speech zones" that the Secret Service can declare on a whim. In Nevada(and elsewhere) "free speech zones" were established for people to protest. This is clearly unconstitutional as the 4th branch of government has no authority to create law. That is the function of Congress and they cannot create a law that infringes freedom of speech.

Quote
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

...again, this is not ambiguous. It's not until you get a whole bunch of scumbag lawyers in a room redefining words like "people" and "Arms" that things get...flexible.
 
1354  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][PHS][PoS] PhilosopherStone | PoS | NoPremine | 10month fair distro | 1.6.2 on: May 16, 2014, 12:32:23 PM
Found that I cannot also deposit PHS on Cryptsy, there is an error when I try to generate adress.

The market will be better off when cryptsy goes extinct. Sick to death of their painfully slow interface, hopeless dysfunction, and dumb canned responses to every single support inquiry.
1355  Economy / Speculation / Re: The SEC statement on Bitcoin: the government is trying to destroy Bitcoin on: May 16, 2014, 02:00:51 AM
When people are looted it's not the fault of the currency involved. Blaming bitcoin for human nature is silly.
1356  Other / Off-topic / Re: Drugs are legal on: May 16, 2014, 01:30:53 AM
So if drugs are technically legal, why prisons are full of people incriminated for possession of narcotics? Did nobody tell them they are innocent? This is some grand scam of government? Dank?

The federal government lacks the authority to outlaw a substance...they do it anyway. The states have the Constitutional authority to outlaw a substance. Most recently we've seen the opposite, with states "legalizing" substances(MJ) and the federal government refusing to recognize the authority of the states to do so. The feds are mistaken.

don't know USA constitutional right, but I think it is possible that not every and each prohibition must be explicitly written in the constitution. This is why it is short , it serves more as a non-exhaustive guide to the infra constitutional framework.

The Constitution is very specific with regard to the powers of the federal government and specifically states precisely which powers it can wield. All other powers are vested in the states. The federal government of the US was designed to be weak and subservient, but a corrupt monetary system has reversed this and allowed the federal government to expand well beyond Constitutional guidelines. To achieve this terms like "living Constitution" are employed and clauses like general welfare and interstate commerce must be bent out of shape utilizing twisted logic. IOW lawyers have to play word games.
1357  Other / Off-topic / Re: Drugs are legal on: May 16, 2014, 01:07:45 AM
Umm...ok.
1358  Other / Off-topic / Re: Drugs are legal on: May 16, 2014, 01:04:58 AM
The tenth amendments delegates the federal governments powers to this amended into the constitution.  Therefor, the FBI, CIA, DEA, DHS, IRS, NSA and other federally created tyrannical structures are unconstitutional and have no bearing over the law of the united states.

It took a constitutional amendment to make alcohol illegal and to repeal the amendment once again.  LSD, cannabis, no other drug has received such amendment and is therefor legal by the word of the constitution of the united states.

Anyone who practices against these laws is committing treason and shall be committed and prosecuted by the full extent of law by the will of god.

God's jail is not on earth and the only way you get out is if you ask for forgiveness.  And mean it.  You still have time to do it here, but you must take the will to do so and believe in yourself.

Our wars are unconstitutional and those who wish to continue to assault the lives of others will reach their karma.

To judge me is to judge yourself, pick your fate.

https://soundcloud.com/dankm/stop-the-machine

I believe you are correct, at least as far as the federal government of the US is concerned. I've never seen anything in the Constitution that would lead me to conclude that DC has the authority to make any particular substance illegal. They get away with it because nobody stops them.
1359  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: May 16, 2014, 01:00:09 AM
Just typical: HashFast's response to the Chapter 7 Petition was the fire the one person that was making any kind of difference to the customers.

+1

I was scheduled to have a call with amy this afternoon and last minintue I had requested to push it back 3-4 hours and then 45 mins before the call she sends me a message saying that she was just laid off.

This is a premium company.

Scamfast consistently fuks their own customers(creditors), so their customers(creditors) attempt to wrest control of the company away from crooked management. In response scamfast crooked management retaliates with more screw jobs.
1360  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] TEKcoin PoS/PoW on Cryptsy! 30 days 40% Stake on: May 16, 2014, 12:52:08 AM
My favorite SHA-256 coin.

Mine too. I mean bitcoin is BITCOIN, but I really like Tek. It'll be fun to see where this goes.

Its goodone BUT ALL POOLS FOR IT STOPPED !!!

lolwut? that's a negative good buddy.

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