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Pejeu
It should have dawned on me earlier I'm talking to a randroid...
OpenMindedRealist
reply to post by Pejeu
Randroid is a hilarious term, and I actually lol'd. I shall wear that badge proudly.
The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes.
Pejeu
Fraud is intrinsic to the system, no incidental.
OpenMindedRealist
Pejeu
Fraud is intrinsic to the system, no incidental.
If you believe that government can accomplish all of the things you'd like it to, then why don't you think proper oversight could be instituted by said government?
If the US simplified our tax code, we could employ the thousands of IRS workers to audit banks.
Fraud would still exist, but banks would not get away with creating digital dollars.
And I meant to say I agreed with Greencmp on banking, not Crim. Though Crim has given me some details to consider.
Also, you are still the only one who thinks banks should be shut down altogether.
The last thing I want to do is give a socialist recruiting tips, but your arguments would be better received if you were not so quick insult the intelligence of those who are only trying to make sense of you.
Krazysh0t
He seems to believe that all educated people naturally gravitate towards Socialism and that if you are against him you are arguing from ignorance.
Pejeu
OpenMindedRealist
No one in this thread has denied the fact that fraudulent banking is a bad thing, yet you speak as if that were the topic at hand. Maybe it is the language barrier.
All banking is by definition fraudulent.
Still off topic, but In my opinion you are talking about throwing out the baby with the bath water. I think NavyDoc pointed out that banking has been vital to expanding economies for centuries. The presence of fraud within the system does not make the system worthless.
Fraud is intrinsic to the system, no incidental.
That being said, I agree with the entirety of Crim's stance on banking.
My stance is the same as hers: abolish the damn thing altogether.
It's a little disconcerting you failed that awesomely at following and understanding our discussion.
Pejeu
Make no mistake, I actually really am a statist and a socialist.
.edit on 2013/10/17 by Pejeu because: (no reason given)
“The struggle against international finance capital and loan capital has become one of the most important points in the program...2.Adolf Hitler, Mein Kampf, 124
“THE COMMON INTEREST BEFORE SELF-THE SPIRIT OF THE PROGRAM ABOLITION OF THE THRALLDOM OF INTEREST – THE CORE OF NATIONAL SOCIALISM.” “Once these two points are achieved, it means a victory of their approaching universalist ordering of society in the true state over the present-day separation of state, nation and economics under the corrupting influence of the individualist theory of society as now constructed. The sham state of today, oppressing the working classes and protecting the pirated gains of bankers and stock exchange speculators, is the area for reckless private enrichment and for the lowest political profiteering; it gives no thought to its people, and provides no high moral bond of union. The power of money, most ruthless of all powers, holds absolute control, and exercises corrupting, destroying influence on state, nation, society, morals, drama, literature and on all matters of morality, less easy to estimate.(6)
“Break down the thralldom of interest” is our war cry.(7) What do we mean by thralldom of interest? The landowner is under this thralldom, who has to raise loans to finance his farming operations, loans at such high interest as almost to eat up the results of his labor, or who is forced to make debts and to drag the mortgages after him like so much weight of lead.
So is the worker, producing in shops and factories for a pittance, whilst the shareholder draws dividends and bonuses which he has not worked for. So is the earning middle class, whose work goes almost entirely to pay the interest on bank overdrafts.(8)
Thralldom of interest is the real expression for the antagonisms, capital versus labor, blood versus money, creative work versus exploitation. The necessity of breaking this thralldom is of such vast importance for our nation and our race, that on it alone depends our nation’s hope of rising up from its shame and slavery; in fact, the hope of recovering happiness, prosperity and civilization throughout the world. It is the pivot on which everything turns; it is far more than a mere necessity of financial policy. Whilst its principles and consequences bite deep into political and economic life, it is a leading question for economic study, and thus affects every single individual and demands a decision from each one: Service to the nation or unlimited private enrichment. It means a solution of the Social Question.(9)
Our financial principle: Finance shall exist for the benefit of the state; the financial magnates shall not form a state within the state. Hence our aim to break the thralldom of interest.
Relief of the state, and hence of the nation, from its indebtedness to the great financial houses, which lend on interest.
Nationalization of the Reichsbank and the issuing houses, which lend on interest.
Provision of money for all great public objects (waterpower, railroads etc), not by means of loans, but by granting non-interest bearing state bonds or without using ready money.
Introduction of a fixed standard of currency on a secured basis.
Creation of a national bank of business development (currency reform) for granting non-interest bearing loans.
Fundamental remodeling of the system of taxation on social-economic principles. Relief of the consumer from the burden of indirect taxation, and of the producer from crippling taxation (fiscal reform and relief from taxation).(10)
Wanton printing of bank notes, without creating new values, means inflation. We all lived through it. But the correct conclusion is that an issue of non-interest bearing bonds by the state cannot produce inflation if new values are at the same time created.
The fact that today great economic enterprises cannot be set on foot without recourse to loans is sheer lunacy. Here is where reasonable use of the state’s right to produce money which might produce most beneficial results.”(11)
OpenMindedRealist
Hah, and there's no possible way that description could apply to you. But I find the "science" of post-Freudian psychology to be largely a waste of time.
I will accept the title "Randroid" because I agree with most of her philosophy, and have always taken a certain pride in unemotional decision making.
Pejeu
OpenMindedRealist
Pejeu
Fraud is intrinsic to the system, no incidental.
If you believe that government can accomplish all of the things you'd like it to, then why don't you think proper oversight could be instituted by said government?
Dude, what's your problem?
Why do you keep making this about the government?
If the US simplified our tax code, we could employ the thousands of IRS workers to audit banks.
Banking is inherently fraudulent, you plank.
Banking is legalised counterfeiting. All banking is that.
Fraud is not incidental to banking.
It is its very operating principle. Its core business model.
Fraud would still exist, but banks would not get away with creating digital dollars.
Of course fraud would still exist as long as you allow banks to exist.
Banking is legalised fraud/counterfeiting.
And I meant to say I agreed with Greencmp on banking, not Crim. Though Crim has given me some details to consider.
She has agreed with me on every point worth note.
Also, you are still the only one who thinks banks should be shut down altogether.
That is untrue.
Crim and me are in agreement on that point as well.
The last thing I want to do is give a socialist recruiting tips, but your arguments would be better received if you were not so quick insult the intelligence of those who are only trying to make sense of you.
If you were in my position, knowing and understanding what I do and seeing what folly people like spew obstinately, you'd be at most as polite as I am.
Krazysh0t
He seems to believe that all educated people naturally gravitate towards Socialism and that if you are against him you are arguing from ignorance.
You read me very well on that point.
I do strongly believe that all morally decent and intelligent folk naturally ascribe to leftist, socialist worldviews.
This is corroborated empirically.edit on 2013/10/17 by Pejeu because: (no reason given)
NavyDoc
Actually, your rhetoric is frighteningly similar. Obviously you have not learned from the past and espouse things that harmed countless of millions "for their own good."
Pejeu
OpenMindedRealist
Hah, and there's no possible way that description could apply to you. But I find the "science" of post-Freudian psychology to be largely a waste of time.
Why? Do you opine I'm not morally decent or that I'm not intelligent? Or both?
And to answer your previous question: I think government should outlaw banking for the fraud it is.
I will accept the title "Randroid" because I agree with most of her philosophy, and have always taken a certain pride in unemotional decision making.
Oh, really?
How do you know what your goals in life are without emotional decision making?
Logic is useful in pursuing set goals.
It completely fails at choosing wholesome and worthy goals to pursue in life.
Something for you to ponder.
Pejeu
Krazysh0t
He seems to believe that all educated people naturally gravitate towards Socialism and that if you are against him you are arguing from ignorance.
You read me very well on that point.
I do strongly believe that all morally decent and intelligent folk naturally ascribe to leftist, socialist worldviews.
This is corroborated empirically.edit on 2013/10/17 by Pejeu because: (no reason given)
NavyDoc
You are quite wrong. Banking, in and of itself is not fraud.
If you require capital to expand your factory and a bank lends you the money at an agreed upon interest, no fraud is done and both the banker who earns interest and the business who otherwise could not have expanded without the capital win.
You keep stating an untruth, over and over, that regular banks create money. They do not.
We recognize that the Fed does create money and should have nothing to do with it, but your neighborhood savings and loan does not.
Krazysh0t
Of course because get this, I'M INTELLIGENT and know how to interpret other people's opinions. But hey what's this, I'm NOT a socialist? Well now that should throw your "theory" right our the window now shouldn't it?
Pejeu
Krazysh0t
Of course because get this, I'M INTELLIGENT and know how to interpret other people's opinions. But hey what's this, I'm NOT a socialist? Well now that should throw your "theory" right our the window now shouldn't it?
Not really, no. It's far more likely you're lacking in the moral fibre dept.edit on 2013/10/17 by Pejeu because: (no reason given)