Political Correctness and Mental Illness

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D5CAV
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Political Correctness and Mental Illness

Post by D5CAV »

http://www.naturalnews.com/054625_polit ... erica.html

The reason people are so insane is they are trying to justify two contradictory ideas simultaneously.
Demand #2) It is demanded that you support the illusion that gun laws will halt criminals from using guns to commit violence. The entire delusion hinges on the obviously false idea that people who routinely break the law will somehow magically abide by the law when you want them to. The existence of "gun free zone" signs further demonstrates the delusional thinking of those who ridiculously convince themselves that laws somehow restrict the actions of people who do not follow the law. (Liberalism is the art of being able to hold two wholly contradictory ideas in your head at the same time and somehow believe them both to be true...)
The rest are just as good.
None are more hopelessly enslaved than those who falsely believe they are free.” Johann Wolfgang von Goethe
BDK
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Re: Political Correctness and Mental Illness

Post by BDK »

His attack about "wealth being created out of nothing," misses the whole point... Or rejects the idea of IP having value...
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Vonz90
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Re: Political Correctness and Mental Illness

Post by Vonz90 »

BDK wrote:His attack about "wealth being created out of nothing," misses the whole point... Or rejects the idea of IP having value...
Part of the P.C. employment delusion also demands that you reject the obvious truth that Obamacare's employer mandates have caused a wave of job destruction across America as employers shed full-time employees to avoid the crushing costs of a mandatory "sick care" system that's broken and fraudulent (and therefore unaffordable). Flatly stated, to be 100% politically correct on the issues of money and finance, you must believe that money materializes out of a parallel dimension and that real wealth can be created from nothing. (This is a key economic principle of "progressive economics" which always leads to Venezuela-style economic collapse, FYI.)
I agree, some good stuff overall, but this statement shows a fair amount of economic confusion. All money is fiat money (including precious metals, why use gold vs platinum or palladium or whatever).

The point to remember is that inflation is a monetary phenomena - too much money chasing not enough goods/services. While most everyone recognizes this to some degree or another, the corollary is true as well - deflation is not enough money chasing too many goods/services. In our current situation, where a large number of overseas interests are hoarding dollars, we are in an inherently deflationary environment - which is driving the quantitative easing that he is most likely complaining about.

Now the long term fix is to make the US a better repository for investments (lower taxes, lower barriers to outside investment, lower regulation, etc.) - but the FED does not control any of that - so they are pulling the lever they have.

The current environment is not good, but it would be a hell of a lot worse if the FED was not doing this.
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D5CAV
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Re: Political Correctness and Mental Illness

Post by D5CAV »

Vonz90 wrote:I agree, some good stuff overall, but this statement shows a fair amount of economic confusion. All money is fiat money (including precious metals, why use gold vs platinum or palladium or whatever).
No. Gold and Silver are not "fiat money".

There is an easy way to test this: go get a Emperor Franz-Joseph 1 Ducat gold coin and a Yugoslavian 5 million Dinar note.

The Austro-Hungarian empire is long dead. Habsburg princes punch the clock as investment bankers in Brussels. Yet that coin still has value. Probably about $300 at current gold prices. It's purchasing power is still about the same as it was when it was minted - it can buy you a dinner for two with a nice bottle of wine in Vienna, just like it did in 1912. There is intrinsic value in the gold and silver which survived multiple wars, and multiple changes of government.

The country called Yugoslavia, once part of the Austro-Hungarian empire, also is no more. Yet that 5 million Dinar note can be bought for $5, shipping included. That is a piece of fiat money, whose purchasing value disappeared with the State of Yugoslavia.

"Fiat" has a specific definition. It means "by authoritarian order of a king." The word is from Latin, and it is a command: "Let it be done". It is the command of kings. If the king says pieces of paper with his dog's picture on it has value, then it is done. It may not be so beyond the borders of that king's domain, but within the power of his "Fiat Dictum" it is.

As to why gold vs. platinum or palladium, it is a simple matter of chemistry. Sometime about 5000 years ago, by market forces (not by "fiat"), people figured out that gold and silver are, as Goldilocks said, "just right". They are just common enough to have a useful amount for commerce, and just scarce enough to have intrinsic value.

About 3000 tons of gold are mined every year, and about 30,000 tons of silver are mined every year. Platinum and palladium production is more like 100 to 200 tons per year. There is almost no platinum and palladium. No one would make those metals coinage metals or "money" because there is too little for any meaningful commerce.
None are more hopelessly enslaved than those who falsely believe they are free.” Johann Wolfgang von Goethe
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Termite
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Re: Political Correctness and Mental Illness

Post by Termite »

What D5CAV said.

In addition: gold and silver are difficult to counterfeit, and they represent work; also known as TIME.

FWIW, we have had this conversation here on TGC before.
"Life is a bitch. Shit happens. Adapt, improvise, and overcome. Acknowledge it, and move on."
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Weetabix
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Re: Political Correctness and Mental Illness

Post by Weetabix »

D5CAV wrote:The reason people are so insane is they are trying to justify two contradictory ideas simultaneously.
For people who passively accept the demands, the condition is called cognitive dissonance.

For the skilled and dedicated believers, it's doublethink.

For the people who understand what they're actually trying to accomplish with those demand, it's called lying.
Note to self: start reading sig lines. They're actually quite amusing. :D
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g-man
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Re: Political Correctness and Mental Illness

Post by g-man »

Weetabix wrote:
D5CAV wrote:The reason people are so insane is they are trying to justify two contradictory ideas simultaneously.
For people who passively accept the demands, the condition is called cognitive dissonance.

For the skilled and dedicated believers, it's doublethink.

For the people who understand what they're actually trying to accomplish with those demand, it's called lying.
I see what you did there...

And I approve of this message.
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Vonz90
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Re: Political Correctness and Mental Illness

Post by Vonz90 »

Termite wrote:What D5CAV said.

In addition: gold and silver are difficult to counterfeit, and they represent work; also known as TIME.

FWIW, we have had this conversation here on TGC before.
Um, no. You do realize that the labor theory of value is very heavily vested in communist economic theory right? It is the basis of the concept that payment (i.e. benefits of) an enterprise should be based on who is putting the most labor into an activity rather than who is providing the most value and also relative to risk; both of which can only be determined by the market.
The labor theory of value is a major pillar of traditional Marxian economics, which is evident in Marx’s masterpiece, Capital (1867). The theory’s basic claim is simple: the value of a commodity can be objectively measured by the average number of labor hours required to produce that commodity.
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Vonz90
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Re: Political Correctness and Mental Illness

Post by Vonz90 »

D5CAV wrote:
Vonz90 wrote:I agree, some good stuff overall, but this statement shows a fair amount of economic confusion. All money is fiat money (including precious metals, why use gold vs platinum or palladium or whatever).
No. Gold and Silver are not "fiat money".

There is an easy way to test this: go get a Emperor Franz-Joseph 1 Ducat gold coin and a Yugoslavian 5 million Dinar note.

The Austro-Hungarian empire is long dead. Habsburg princes punch the clock as investment bankers in Brussels. Yet that coin still has value. Probably about $300 at current gold prices. It's purchasing power is still about the same as it was when it was minted - it can buy you a dinner for two with a nice bottle of wine in Vienna, just like it did in 1912. There is intrinsic value in the gold and silver which survived multiple wars, and multiple changes of government.

The country called Yugoslavia, once part of the Austro-Hungarian empire, also is no more. Yet that 5 million Dinar note can be bought for $5, shipping included. That is a piece of fiat money, whose purchasing value disappeared with the State of Yugoslavia.

"Fiat" has a specific definition. It means "by authoritarian order of a king." The word is from Latin, and it is a command: "Let it be done". It is the command of kings. If the king says pieces of paper with his dog's picture on it has value, then it is done. It may not be so beyond the borders of that king's domain, but within the power of his "Fiat Dictum" it is.

As to why gold vs. platinum or palladium, it is a simple matter of chemistry. Sometime about 5000 years ago, by market forces (not by "fiat"), people figured out that gold and silver are, as Goldilocks said, "just right". They are just common enough to have a useful amount for commerce, and just scarce enough to have intrinsic value.

About 3000 tons of gold are mined every year, and about 30,000 tons of silver are mined every year. Platinum and palladium production is more like 100 to 200 tons per year. There is almost no platinum and palladium. No one would make those metals coinage metals or "money" because there is too little for any meaningful commerce.
All currency is fiat, the government states that something can be used as currency (true even of gold, as it can be allowed or not just as easily and in fact has been) and the people do so. Tide detergent is used as currency in some places, cigarettes, whatever. If people collective accept it as currency, it is, as soon as they stop, it isn't. Nothing magic about gold, if it becomes economic to strip it from sea water, its utility as a currency would be only slightly different than an other uncommon metal. Over history all metals (gold, iron, aluminum, etc.) have bounced all over the place because of this fact.

Nothing has intrinsic value. You have a buyer and a seller, if the item has value to the buyer, it has value, if it does not, then it has no value. This is the essence of economics.
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Weetabix
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Re: Political Correctness and Mental Illness

Post by Weetabix »

Vonz90 wrote:All currency is fiat, the government states that something can be used as currency (true even of gold, as it can be allowed or not just as easily and in fact has been) and the people do so. Tide detergent is used as currency in some places, cigarettes, whatever. If people collective accept it as currency, it is, as soon as they stop, it isn't. Nothing magic about gold, if it becomes economic to strip it from sea water, its utility as a currency would be only slightly different than an other uncommon metal. Over history all metals (gold, iron, aluminum, etc.) have bounced all over the place because of this fact.

Nothing has intrinsic value. You have a buyer and a seller, if the item has value to the buyer, it has value, if it does not, then it has no value. This is the essence of economics.
I think I could enjoy having a beer with you. From now on, I will think of you as Econz90. :D
Note to self: start reading sig lines. They're actually quite amusing. :D
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