Joined: 4/21/2004
Posts: 3518
Location: Stockholm, Sweden
Honest to God, If I were there, I would smack the shit of that cop. Its like the poor kid got scolded because he was acting like any normal kid would do in that situation. God that cop made me soooooo Angry!
this guy would be so dead soo dead.. no mercy..
lucky guy he can put all his anger into a 12~ year old dude he is so cool! he really ruled hahaha-.- shot him please
Joined: 2/28/2006
Posts: 2275
Location: Milky Way -> Earth -> Brazil
hahah wtf fat cop... I would laugh so hard on his face, even if I was 12. A skateboard can hurt someone's fat face...
Anyway, here is my first youtube video.
"Genuine self-esteem, however, consists not of causeless feelings, but of certain knowledge about yourself.
It rests on the conviction that you — by your choices, effort and actions — have made yourself into the
kind of person able to deal with reality. It is the conviction — based on the evidence of your own volitional
functioning — that you are fundamentally able to succeed in life and, therefore, are deserving of that success."
- Onkar Ghate
Joined: 2/28/2006
Posts: 2275
Location: Milky Way -> Earth -> Brazil
That earthbound song was nice, but very retarded.
Try SotN's Lost Painting
That song is just awesome, and I feel something bogus when I listen to it...
"Genuine self-esteem, however, consists not of causeless feelings, but of certain knowledge about yourself.
It rests on the conviction that you — by your choices, effort and actions — have made yourself into the
kind of person able to deal with reality. It is the conviction — based on the evidence of your own volitional
functioning — that you are fundamentally able to succeed in life and, therefore, are deserving of that success."
- Onkar Ghate
Joined: 5/1/2004
Posts: 4096
Location: Rio, Brazil
how can it be nice and retarded at the same time? and how can you say that to my face lol I just said the song made my day... :P
Lost Painting can't be ruined, it's a great piece.
Joined: 2/28/2006
Posts: 2275
Location: Milky Way -> Earth -> Brazil
United States of White America... hahahah KKK everywhere...
"Genuine self-esteem, however, consists not of causeless feelings, but of certain knowledge about yourself.
It rests on the conviction that you — by your choices, effort and actions — have made yourself into the
kind of person able to deal with reality. It is the conviction — based on the evidence of your own volitional
functioning — that you are fundamentally able to succeed in life and, therefore, are deserving of that success."
- Onkar Ghate
Interesting. The first half I agree with. Allowing banks to create money through the fractional reserve system is foolish. Banks should only be allowed to loan the amount of money lent equal to the amount deposited.
However, once it goes into about 20 minutes in, it becomes a bunch of communistic crap. Yes, let gov't handle the flow of money, since gov't is less corrupt than banks. That has always worked well in the past.
Also, interest free loans? Yes, I can just see the future of that. Loans can be charged interest to offset the risks involved. None of these are a problem. Even interest can be offset by increased production of an economy.
Finally, vouchers equal to work time? Once again, communism doesn't work. An hour of a doctor's time is not equal to that of a hard laborer.
Sage advice from a friend of Jim: So put your tinfoil hat back in the closet, open your eyes to the truth, and realize that the government is in fact causing austismal cancer with it's 9/11 fluoride vaccinations of your water supply.
Loan interest is exactly what causes the exponential growth.
If a bank lends some money it *has* and later receives the exact same amount of money, nothing special has happened. However, if a bank lends some money it has and later gets *more* money than it lent, that additional money has to come from somewhere. Where does it come from?
Note that this extra money got from loan interest is not physical wealth, like valuables or gold. It's just more money, which doesn't correspond to any physical form of wealth.
However, now the bank owns "more" than it did before, and thus it can give bigger loans, from this artificially created money. The more loans it gives, the more additional money it gets from the interests, causing the exponential growth phenomenon. At some point the amount of money got from interest far surpasses the amount of money which was originally equivalent to the physical wealth the bank owned.
One could argue that the bank should be forced to acquire physical wealth (such as for example gold or property) which corresponds to the additional money gained from loan interest. This wealth has to come from somewhere. Where does it come from? One place where it can come from is natural resources. However, with exponential growth natural resources are spent quite fast.
This is more so given that now natural resources are going into two places: They are acquired by the people taking loans, and they are acquired by the bank to compensate their loan interest profits.
An interest-free loan means that the bank (or government) only lends what it has, and gets it back later. The bank doesn't make a profit like this, but is it really the purpose of a bank to make profit, or is it purpose to serve the community? If banks were government-run, then there's no need to make profit (assuming an ideal, non-greedy government). The government simply lends some of its wealth to its citizens for limited time.
Loan interest DOES NOT cause exponential growth, if money is borrowed against actual value (i.e. deposited money). It only causes exponential growth when money is created. One thing you and the video fail to mention is the service factor and risk factor involved with banking.
We live in an economy where our ability to create natural resources far exceeds our ability to consume it. The US gov't has to step in to stop dairy prices from crashing. Thus, there is space for service based industries. Look, for example, at Advertising. This produces no usable resource, and yet is largely sustained in our current economy. The simplistic idea of an economy that requires every participant to produce a resource is out-dated and dogmatic.
This covers the first part: interest as a service. The banks provide a service, like a barber, an advertising firm, a lawyer, etc. Next is banks as a risk factor.
Warp wrote:
This is more so given that now natural resources are going into two places: They are acquired by the people taking loans, and they are acquired by the bank to compensate their loan interest profits.
An interest-free loan means that the bank (or government) only lends what it has, and gets it back later. The bank doesn't make a profit like this, but is it really the purpose of a bank to make profit, or is it purpose to serve the community? If banks were government-run, then there's no need to make profit (assuming an ideal, non-greedy government). The government simply lends some of its wealth to its citizens for limited time.
Now, you are right, in a perfect world, the gov't would loan money, the people would repay it. This is all well and good, and we can join hands, run through the forest, and sing carols. Not the way the real world works.
First argument: Lets look at the current housing market. People are foreclosing on their interest only loans left and right, destroying the property in the process. (I.E. the value of the property is now LESS than what the lender gave. Money was LOST by the lender due to negligence.) Now, in the current system, the borrowers have A) a harder time achieving a new loan, and B) bigger loan interest to offset the risk. The lender, on the other hand, calculated this risk, and has built-in successes to offset these loses, I.E. gains in interest from good borrowers.
In your system, the gov't would continually loan these deficient people money, to have them destroy property. When the gov't defaulted for lack of payment, it would lose money due to the lost property value. Who really loses? You, the tax payer! I don't want my taxes to go towards the gov't loaning idiots money who won't ever pay it back. This would be a tax on the diligent and responsible.
2nd, the video claims that banks are controlling the direction of industry. I say bullshit. Banks exist for the sole purpose of making their share holders money. They don't care about ethics. They care about bottom line. Additionally, if one bank won't loan money? Try the one down the street. (gov't controlled loans, you are out of luck after round 1) Really, the normal reason a bank would really reject a loan is too high of risk, for benefit of possible gains.
The gov't making loan decisions? God, Buddha, Vishnu forbid. Look at the current administration's ban on stem cell research, and push for creation to be taught in schools. The last thing I want them in is making decisions for industry as well. Currently, political agendas play an extremely minor part in receiving a loan to start a new business. Risk factor plays a huge role. (Which is filled by the role of the Venture Capitalist.)
In short, banks are good. The fractional reserve system is bad.
"That government is best which governs least."-Thomas Paine
Sage advice from a friend of Jim: So put your tinfoil hat back in the closet, open your eyes to the truth, and realize that the government is in fact causing austismal cancer with it's 9/11 fluoride vaccinations of your water supply.
"Who could have thought that a child could win a child's card game? Hahahaha!"
I was dying laughing at that. Never watch Yu-Gi-Oh in my life, but the writting on the shorts is hilarious.
Sage advice from a friend of Jim: So put your tinfoil hat back in the closet, open your eyes to the truth, and realize that the government is in fact causing austismal cancer with it's 9/11 fluoride vaccinations of your water supply.