YES THAT IS A MUST READ.  THANKS.

Now I stop shouting...

I don't know anything about all that complicated talk, but I do know something I like about communism. 

http://www.youtube.com/watch?v=ul_qm3Ym8-k

She could talk me into doing some redistributing...

I think the intriguing part of this story, and the part that sooner or later will possibly require a new future POTUS to send armed soldiers to this facility to check on, is the physical presence of those numbered bars in that facility.

Or not, and if not, there is a crime, and it should be investigated.

Let the heads roll on this one.

So, from this point of view, it really doesn't need a coverup or any politics involved.  Germany was correct to attempt an audit.

.

Do me/us a big favor.  Just state that you are in favor of communism/a more refined version/a better style/etc etc etc.  But don't hide it behind another layer of words and phrases or try to deny that you simply propose communism.  That wastes valuable arguing time.

Now I am scared, for the well being of our diplomats who are so unfortunate as to be assigned to work with your people.  Fortunately, we have many who must be demoted from the very top and so you may fight your teams outnumbered, although by dwarfs of small minds, who peer far standing fearlessly from the shoulders of even shorter and smaller minds.

Actually, no, sending the certified check via FED EX internationally would not be so fast or easy.  But for your earlier point, I would think a comment is in order.

Your argument presumes that the receiver must THEN go and set up his method of transfering back to cash.  Why?  Why just then?  Why not presume that the sender and receiver are already set up?  If it was a credit card transaction, one would already have a credit card, and the other would already have a way to process payments.

So to be fair, you have to make the comparison not for the moment of conversion back to the local currency, but for the moment when the two parties both consider the transaction complete, whatever that means to them.  If the receiver religiously moves the bitcoin back to a currency, then that's his moment.  If the receiver keeps and hoards the bitcoin, that is his moment of completion.

So this is not any different than the receipt, say of US dollars in a country with a failing currency - one guy must and does go to exchange them for the local currency, another holds them.

No.

There cannot ever be a Bitcoin Billionaire.

  LOL

Now that gif is pretty impressive.

I'm certain it did just that, that being a critical function of a black market, which grows in proportion to needs.

But it's not clear how that shows what you advocate.  I have some guesses, but rather than state them, would you like to clarify?

I guess I'm reasonably familiar with that bunch, as best as I can imagine who you may be describing. 

The assertion was this:

the thinking here in the US by some, is that only immigrants with white skin are exceptable and thus "American".  The rest are leaches, takers and criminals and should be deported immediately to preserve the "real America."

Although fundamentalists no doubt differ with you on many, many topics, I do not think any sizable minority of them fit such a description.  Checking into it a bit, I do find a "Christian Identity" estimated at 2000-50,000 members which would fit the first part of the proposition.  Of that a further subgroup might agree with your second assertion.

But what do I know?  Some of us have run into a bad dude or group from time to time, me included.

Well, good question.

Their point of view would have some merit, if phrased as a concern against my actions causing a bank run.  I'd require a line of credit against the collateral, at some nominal interest like 0.1%/annum.

Having done that, I'd begin moving fund around, using a random series of ins and outs both temporally and in volume and dollar amounts.

And at the right time, I'd fuck the fuckers.

I don't know anyone and have not read of anyone, however extreme, that believed such a thing, so I can only guess that you totally fabricated it.  You are clearly ignoring the vast prejudice, typically by Democrats, against Irish, Jews, Polacks...all of whom are "white skinned", as you put it.  I guess you're also ignoring the fraction of Hispanics who are "white skinned" but hey, they are an ethnic rather than a so called racial minority.

But history shows that when a currency fails, one or several substitutes simply move into place.  What you are doing or what we are "getting to" is not relevant.  In fact, you err in thinking that a peaceful and gradual transition can be engineered or would even be a good thing, and you likely don't envision accurately the nature of "a collapse."  For reference check Russia, 1990; Argentina, 2000.  These transitions occur over certain timeframes and with certain governmental interventions (which may be helpful or more commonly, highly destructive).

Sure.  Generally speaking, putting a problem off makes it worse when it's finally faced up to.  In economics, there is a theory that a an ec0nomic crisis can be outrun by printing money, simply by having growth at a higher rate than the inflation.  With the events of the last four years, both the evidence and simple math will show that's neither been the case nor is going to be the case.  In the past, though, this has been done successfully for limited periods of time.

I'd suggest a different approach to understanding the problem.  Not starting with a premise that the money printing was done because it was "good for us", that was all propaganda and lies.  Instead, start by asking "what's good about the printing for those who are doing the printing?"

From that point of view, the answer is quite simple.  By printing and keeping interest rates near zero, the US government pays very little interest on it's debt.  It's now refinanced short term treasuries into long term, locking in those low rates.  Of course, low rates and the FED buying all the papers means only that the party continues until average world interest rates exceed those of the US and capital flight begins.

Well, then.  We make out as long as there are big crises "outside" in Europe, Iceland, Greece, Cyprus, Argentina, etc, because the focal point of the media is pointed somewhere else.

Consider this - The stagflation created by the above policies does not allow for business or jobs expansion, because it is predicated upon low velocity of money.  High employment has in the past mean high inflation, and so it does now.  Thus the very basis of the argument for the stimulus (although perhaps well intentioned at the time of the first or second one) is now false.

You'r stuck between a rock and a hard point.

Look, don't lose your faith.  After all, what would you believe in?  Gold is good, and it's shiny and heavy and women love it.  What's not to like about gold?  As for the price, it can only go up.  You have only had a fleeting moment of doubt.  We all do, but those moments are moments of weakness.  Now what will you do, embrace, and fall into weakness, and fail, or stand up strong, and believe?

Trust me.   I'm here to help you.  Now go ahead and give me all that cold hard cash in your wallet.  Here are your yellow coins.

And remember - believe!

Very reliably with precision scales and a test kit.

Ha, yes I do understand the spin made to rationalize the printing.  And since austerity would mean the party stopped, CLEARLY IT "LESS GOOD".

Because, hey...

You know that partying, that's good.

Lots of countries, my friend, have gone down this path, and the results of their decisions are out in the open to study.  The general theme is the "hollowing out of the middle class", which may be roughly understood is they steal everything you got, then toss you out on the road.

But hey.

For now, how about those drinks?

I think it like a Teleportable Beer.

A.  400%, not correct.
B.  That is not the inflation.
C.  Re why did prices not rise 200%, latent inflation.  Check historically countries that printed money during wartime, including the US during Vietnam.  Inflation lags the printing by a couple years.
D.  People in panic mode, you have this reversed.  Hyperinflation occurs when they dump currency any way possible, increasing the money supply dramatically.

Fascinating!  Yes, printing the money will keep the booze flowing and the band playing for a bit longer!  Print!  Print!  Print, I say!  And stick with the party line!  A bit of a chore, yes, but by ignoring problems, it can be done!  And then back to the party!  Print!