okay, during this crisis.. |
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 Feb 23 2009, 09:24 PM
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#26
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 poison  Group: Official Member Posts: 4,806 Joined: Mar 2008 Member No: 629,020  |
thats how prince has always typed. You will learn to get use to it.
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Feb 23 2009, 09:24 PM
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#27
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 Senior Senior Member Group: Official Member Posts: 1,507 Joined: Sep 2007 Member No: 571,541 |
hahaha did wat prince? i was Born here! So TOP THAT!
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Feb 23 2009, 09:27 PM
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#28
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 Senior Member Group: Official Member Posts: 5,166 Joined: Oct 2007 Member No: 585,858 |
i was born in MEXICO! SO TOP THAT!
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Feb 23 2009, 09:37 PM
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#29
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Senior Senior Member Group: Official Member Posts: 1,507 Joined: Sep 2007 Member No: 571,541 |
okay.. wel i should just call "ICE" then...
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Feb 23 2009, 11:42 PM
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#30
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 Drank wit your boy Group: Official Member Posts: 1,711 Joined: May 2008 Member No: 649,997 |
QUOTE(Jonathan-Andrew @ Feb 22 2009, 04:33 PM)  Whats up with the Economy right now!? Stocks are falling then rising, then falling again... cant the Government use the "Moneymachine" that produces the Dollar bills to just pay off their Big ass debt to different countries and keep some of it for them selves and STOP TAKING OUR MONEY WITH TAXES!!!!  damn this is getting on my nerves!  Instead of worrying about the economy, how about we get that Moneymachine and print our own money. We'll be self-made millionaires. 
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Feb 24 2009, 12:28 AM
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#31
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 AIDS at RAVES. Group: Official Designer Posts: 2,386 Joined: Dec 2007 Member No: 598,878 |
"moneymachine"? thats what Zimbabwe did and now to buy one chocolate bar, you need a barrel full of money
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Feb 24 2009, 04:16 AM
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#32
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 Senior Member Group: Official Member Posts: 6,349 Joined: Aug 2006 Member No: 455,274 |
QUOTE(IamLegend @ Feb 23 2009, 11:42 PM) Instead of worrying about the economy, how about we get that Moneymachine and print our own money. We'll be self-made millionaires. What good is being a millionaire if the economy crashes and the dollar is dead? lol... you'll be burning those millions for heat because wood would cost more than your million dollars wwwwwwww |
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Feb 24 2009, 04:19 AM
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#33
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 /人◕‿‿◕人\ Group: Official Member Posts: 8,283 Joined: Dec 2007 Member No: 602,927 |
QUOTE(mipadi @ Feb 23 2009, 02:05 PM) We're not on the gold standard anymore. US currency (and, in fact, most world currencies) aren't backed by gold. The only thing that backs US currency is the government's demands that it be accepted as a valid form of monetary exchange. Well then, it seems that the gold standard was more effective. |
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Feb 24 2009, 11:46 AM
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#34
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 Senior Member Group: Administrator Posts: 2,648 Joined: Apr 2008 Member No: 639,265 |
QUOTE(9001 @ Feb 24 2009, 04:19 AM) Well then, it seems that the gold standard was more effective. There're advantages and disadvantages to money backed by a gold standard, but one major disadvantage is that the money supply is limited by the physical amount of gold mined, which means either (a) a government must limit its currency, or (b) the value of gold will rise over time (essentially a form of inflation), which can limit its use in industrial applications (gold is used for more than just jewelry and pirate dubloons, you know). However, our current fiscal crisis can't be traced directly back to the lack of a gold backing in our currency (probably not even indirectly, either, but I'm not an economist, I just play one on Internet forums). It's more the result of high-risk banking ventures that probably would've occurred with or without a gold standard. |
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