750,000,0000,0000$ are you f*cking serious

[han_han]

As annoyed as I am with the thread title having four zeroes in a couple of those space between the thousands separators, I whole-heartedly agree with OP. It's not fair that for all of the US to pay for the rich people's financial crisis. I mean, this is taxpayer money we're talking about. This is money that could be used on ANYTHING else to be useful, but they choose to use a large portion of our taxpayer money to put us further into debt. Way to go USA.

[KenshinHimura]

Originally Posted by 6satan6archist6

Well someone was insulting this guys intelligence and I think he defended very well and made some look incredibly stupid. That last post I put was the second time I posted it because someone deleted it. You might want to note that I never said anything about being banned. I was talking about the post getting deleted. Maybe you should read the whole thing before you speak, lest you look like an idiot.

Perhaps you should reread what he wrote and notice that he has not included any sources or proof for any of his claims. This makes you look like an idiot for defending him.

---

As for the macro-economy, having actually taken a college level class on it, here's a few things I feel like I need to point out:

1, A recession is defined as two consecutive quarters without growth in GDP, and is usually accompanied by large unemployment (greater than 6%). A depression is not an economic term, but it was coined at the time of the "Great Depression" to mean a very powerful recession. There is no concrete definition for an economic depression.

2, What is occurring now is also called a "bank run" or "bank panic" where banks are lacking liquidity (liquid money, i.e. cash) to give to people wishing to withdraw funds. Thus the banks are becoming "insolvent" or unable to pay their debts (to people withdrawing funds) due to the system of fractional-reserve banking. That is, when you deposit money to a bank, they loan out a large percentage of that money to people wanting a loan. The people taking the loan will pay it back with interest, giving the bank profit, and you your money back with a small portion of the profit (the money you get on your savings account). The cause of this crisis is there is a large amount of loans that were issued to people that were unlikely to repay their loans, and thus the bank can not let you withdraw your funds.

3, The Federal Reserve was put in place to control the supply of money. They are an independent institution aimed at regulating the economy in attempts to compensate for the business cycle. The business cycle is the pattern of recessions and growths of GDP over time. The Fed was put in place to try to make the cycle more smooth in order to prevent unemployment (recessions), and inflation (too much growth).

4, The solution to the current problem is an increase of the money supply from the Fed by using OMO (Open Market Operations - the buying of bonds in this case), and reducing the Discount Rate (which was previously done before this crisis - it is the rate at which Banks may loan money from the Fed to prevent Bank Panics). This "correct" solution to this problem is aimed at increasing the currency in the economy, so that the banks may pay its debts, restoring confidence in investment spending.

5, What is happening now is the legislative and executive branch are trying to pass expansionary fiscal policy in order to do the same thing as what the fed should be doing. This will create larger government however, unlike what monetary policy would do. This is why you should not be in favor of this $700 Billion bailout.

6. The difference here is that Monetary Policy, used by the Fed, is the increase of the money supply so that the banks may repay their debts does not spend taxpayer's dollars. Fiscal Policy is passed by the government which spends taxpayer's dollars and will be added to the public debt. There are many reasons why the Fed should be able to handle this without Congress, however it seems that politics (i.e. McCain) require action be done in Congress so that someone may take credit for this.

However, if you are a conspiracy theorist, you subscribe to the school of thought that "the Fed/Govt. formulated this crisis to make profit off of us" and therefore the Fed will not properly react, and you should be hoping to god they pass this bailout lest more banks go insolvent. Either way you're being robbed if you believe all of this.

And just as a disclaimer, I do not profess to be an expert of the economy (having only taken one class), this is just what I have been taught and hopefully am clarifying some of this to those of you who have never had a class on Macroeconomics. Some of the things that I have said may be wrong, so please do your own research.

P.S.: i have a certified genius IQ and am a member of mensa

i got a 1561 on my SAT when i was 12 years old (out of 1600)

and i got a 100 on the asvab when testing for the airforce (thats beyond a perfect score)

Thought you guys should know that.

[Intangir]

Originally Posted by Eppie.gov

While I like you Intangir, and I will agree with you that you are an extremely bright, I have to think that your idea on martial law is one of the few times you are wrong.

I mean, do you think martial law is going to be imposed by the Bush administration just before he leaves office?

well i sure hope not, but they arent bringing 2 army brigades here under the command of northcom (look up continuity of government) both at once for nothing

i think they are getting ready for something

i hear there are drills scheduled for responding to a city being nuked on october 5th

they had drills on 9/11 too, fema and norad were both running drills on 9/11 about planes being hijacked and run into buildings

the 7/7 bombings in london.. they just happened to be running drills there of the exact same scenario

so when they start running nuke drills on the 5th after just bringing 2 army brigades here from iraq and germany.. you better pay attention

lets hope its nothing, id really LOVE to be wrong on this one


-------------------------

Originally Posted by IversonAli3

Hypothetically speaking..
Martial law would have to be authorized by Congress, and it would be thrown out and declared null-void by the Supreme court as unconstitutional if it did indeed occur. The Congress with SC backing would pass a temporary bill which suspended Federal authority over the armed forces and impeach him on the spot. They'd easily be able to get the 2/3 majority vote to override a presidential veto. Commanders would be forced to stand down or face charges of treason.
It wouldn't last more than a few days. The constitution was designed to prevent such things from happening. Believe it or not, there are some people in the government who respect the law and aren't afraid to stand up against tyranny.
I also highly doubt the military would be able to(or willing to) successively suppress the uprising that would be sure to ensue. Especially since it has been decided that military officers are responsible for their own actions, and cannot use the fact that they were ordered by a superior officer as a defense.
All of that is speaking hypothetically of course, I think I got carried away.

techinically bush has already run everything he needs thru congress to declare martial law, look up PDD 51 and john warner defense authorization act

he did this years ago


and im not saying martial law will be declared to keep bush in office either nessisarily, hes not important to the plan nessisarily, he did his part, overpowered the executive to the extremes. now anyone can abuse them


----------------------

combining my posts so i dont get another infraction for double posting...

and really weak KC..

from: K? Pŕo?ćtiόnŹ

Dear Intangir,

You have received an infraction at BWHacks.

Reason: Insulted Other Member(s)

you insult me on 3 threads and when i throw an insult back you put an infraction on me. nice

[K? Pŕo?ćtiόnŹ]

Originally Posted by Intangir

well i sure hope not, but they arent bringing 2 army brigades here under the command of northcom (look up continuity of government) both at once for nothing

i think they are getting ready for something

i hear there are drills scheduled for responding to a city being nuked on october 5th

Thats a ****ing good thing, you want to be prepared in the event something bad happens.

they had drills on 9/11 too, fema and norad were both running drills on 9/11 about planes being hijacked and run into buildings

"New York City’s Office of Emergency Management (OEM) was created in 1996 by Mayor Rudolph Giuliani to manage the city’s response to catastrophes, including terrorist attacks (see 1996). In the years preceding 9/11, it holds regular interagency training exercises, aiming to carry out a tabletop or field exercise every eight to 12 weeks. Mayor Giuliani is personally involved in many of these. The exercises are very lifelike: Giuliani will later recount, “We used to take pictures of these trial runs, and they were so realistic that people who saw them would ask when the event shown in the photograph had occurred.” Scenarios drilled include disasters such as a sarin gas attack in Manhattan, anthrax attacks, and truck bombs. One exercise, which takes place in May 2001, is based on terrorists attacking New York with bubonic plague (see May 11, 2001). Another, conducted in conjunction with the New York Port Authority, includes a simulated plane crash. Just one week before 9/11, OEM is preparing a tabletop exercise with the Metropolitan Transportation Authority (MTA), to develop plans for business continuity in New York’s Financial District—where the World Trade Center is located—after a terrorist attack."

-http://www.historycommons.org/context.jsp?item=a96oemtrains#a96oemtrains

the 7/7 bombings in london.. they just happened to be running drills there of the exact same scenario

Considering that terrorist attacks DO happen, they should have been running drills on the scenario. They want to be prepared in case an incident happens, you dont want a bunch of retarded people running around not know what the **** to do.

so when they start running nuke drills on the 5th after just bringing 2 army brigades here from iraq and germany.. you better pay attention

Considering the growing concerns of nukes being in the wrong hands now a days, this seems practical. Iran's being a bitch, North Korea's being a bitch. Who knows what the **** is going to happen. It would only make sense to prepare for the possible. Not be caught with our heads up our asses when **** does go down. Minimize the damage bitch.

lets hope its nothing, id really LOVE to be wrong on this one

No, you want to be right so you can go around and flaunt your "intelligence" and have one more item on your list of "I SAID IT WOULD HAPPEN AND IT DID".

techinically bush has already run everything he needs thru congress to declare martial law, look up PDD 51 and john warner defense authorization act

he did this years ago


and im not saying martial law will be declared to keep bush in office either nessisarily, hes not important to the plan nessisarily, he did his part, overpowered the executive to the extremes. now anyone can abuse them

Go read what Iversonali was saying, he knows more than me.

and really weak KC..

from: K? Pŕo?ćtiόnŹ


you insult me on 3 threads and when i throw an insult back you put an infraction on me. nice

I knew it was going to get reversed and it did, I just wanted to **** with you =).

[Intangir]

maybe i didnt make it clear enough, fema and norad were running drills of a airplanes being hijacked and crashed into the WTC, and the pentagon ON 9/11!

on the same day!
that doesnt seem odd to you? you think terrorists in afganistan can plan norad drills now? or order standowns?

also 7/7 bombings, the drills were ON 7/7! of buses blowing up, in the exact same areas of the cities

the exact thing, at the exact time, in the exact same places is exactly what they were doing drills for..

that doesnt strike you as odd?

and if they were so well practiced, how did the terrorists succeed to such a massive degree



the reason im talking about this is to warn people and wake people up, not so i can say i told you so if it happens. its pretty immature that youd even think like that

[K? Pŕo?ćtiόnŹ]

Hey. Stop with your wake up bull**** and actually focus on disproving how terrorists did it.

Please point me to where it says that there were drills going on on 9/11. It's kinda hard to argue your points when you're not giving where you got it.

And how is it immature for me to think you want it to come true? It was me saying that you are immature because you want it to come true. From your last few posts, you seem like the guy who goes around saying "I TOLD YA SO", so its a pretty fair accusation.

[6satan6archist6]

Originally Posted by K? Pŕo?ćtiόnŹ

Hey. Stop with your wake up bull**** and actually focus on disproving how terrorists did it.

Please point me to where it says that there were drills going on on 9/11. It's kinda hard to argue your points when you're not giving where you got it.

And how is it immature for me to think you want it to come true? It was me saying that you are immature because you want it to come true. From your last few posts, you seem like the guy who goes around saying "I TOLD YA SO", so its a pretty fair accusation.

Zeitgeist - The Movie watch it this movie has really good info, much like the intanigar is talking about, and so you dont get your panties in a twist about the statements being backed up there are links on the site to the credible sources from which the director got the info

[Degausser]

Originally Posted by 6satan6archist6

Zeitgeist - The Movie watch it this movie has really good info

Yeah, internet bull**** with half truths and outright lies told in a forceful manner and presented as fact. GREAT source.

[llafnwod]

Originally Posted by Intangir

maybe i didnt make it clear enough, fema and norad were running drills of a airplanes being hijacked and crashed into the WTC, and the pentagon ON 9/11!

on the same day!
that doesnt seem odd to you? you think terrorists in afganistan can plan norad drills now? or order standowns?

also 7/7 bombings, the drills were ON 7/7! of buses blowing up, in the exact same areas of the cities

That would be extremely interesting, if you would provide a source. As it is you're merely pushing information and expecting everyone to blindly accept it, which is exactly what you've been chiding them for doing up until now.

[Intangir]

YouTube - 7/7 London terrorist attack mirrored training drill same day

9/11 war games before and during the attacks

Atlantic City F-16 Fighters Were Eight Minutes Away From 9/11 Hijacked Planes

thats from a 30 second google search

[K? Pŕo?ćtiόnŹ]

So the military conducting exercises the same day that an attacked happened means the government did it? Sounds logical to me.

[JLTucker]

Why the **** did you hijack this thread, Intangir?