Liberal Forum

roadkill » 21 Nov 2022, 10:40 am » wrote: ↑

21 Nov 2022, 10:40 am

peepee doesn't do details.    ;)  

Details are second hand news, results are total sum going forward comparing what does and what didn't.

peepee » 21 Nov 2022, 10:53 am » wrote: ↑

21 Nov 2022, 10:53 am

...i will practically guarantee you that the republicrat-level monetary ignoramus in the video believes 'murcans once lived under some honest 'gold/silver standard'...   

...i guarantee the gd fool doesn't understand/know that gold was used [and will again be if his gold bug idiots ever rule] as 'the reserves' in the same stinking 'fractional reserve deposit scheme' we use today with govt. bonds, etc. as the reserves...

...money is a number...the rest is ooga booga [and monetary ignorance]...    and if you think god is happy with the ((((GREATLY INCREASED)))) environmental debauchery you gd fool gold bugs would cause...well, f@ck your stinking god and stick to tranny bathroom policy, goofus!... 

One of the foundational ideas of the economic policy of national socialists was that currency is not backed by gold or anything like that...it is backed by power. 

This is why thr mefo bills worked. That is why germany was able to pay its versailles debts, eliminate the gold standard, and STILL maintain a booming economy with full employment. 

YOU seem to just be sad about the fact that power backs currency. It makes you sad. So you complain about it. But this is kinda like complaining that humans can't fly. It is a reality you have to work with, not merely cry about.

FOS » 21 Nov 2022, 10:59 am » wrote: ↑

21 Nov 2022, 10:59 am

YOU seem to just be sad about the fact that power backs currency. It makes you sad. So you complain about it. But this is kinda like complaining that humans can't fly. It is a reality you have to work with, not merely cry about.

 

...most/much of my disgust has to do with 'our'    hideous system of 'money creation and issuance', you dense monetary ignoramus...i have explained this many times before but you register as a retard as to the MIQ [monetary ignoramus quotient]   

...please copy and paste any of my posts on this subject...you descriptions of me/of what i think are absolutely retarded...again, because you are a monetary ignoramus...[and an @sshole]   

 
 

FOS » 21 Nov 2022, 8:18 am » wrote: ↑

21 Nov 2022, 8:18 am

Those were the bad loans you are talking about. 

And who were the people who started defaulting in mass? Duh...those low credit blacks.

It doesn't matter you disingenuous schmuck.  A statement was made (not that a case was actually made) for the Community Reinvestment Act being the cause of the 2008 meltdown.  It's ****.  The mortgage banks and mortgage brokers loved the Community Reinvestment Act.  With all those additional clients for new mortgages and mortgage refinancing, their exorbitant fee income skyrocketed.  And they knew they would be selling the paper to the investment banks for their bundled loan paper derivative products, and they wouldn't have to deal with any foreclosures.  And...asshole, when Bear Stearns went belly up, followed shortly thereafter by Lehman Bros., both were so leveraged to the hilt that they went under even though 98% of US mortgages were still not upside down.  The mortgage defaults (regardless of the skin color of the borrower) didn't kill the investment banks, their reckless business practices killed them.
 
And Republican deregulation of the investment banking business made it all possible, not the Community Reinvestment Act.
 
 

IkeBana » 21 Nov 2022, 11:10 am » wrote: ↑

21 Nov 2022, 11:10 am

It doesn't matter you disingenuous schmuck.  A statement was made (not that a case was actually made) for the Community Reinvestment Act being the cause of the 2008 meltdown.  It's ****.  The mortgage banks and mortgage brokers loved the Community Reinvestment Act.  With all those additional clients for new mortgages and mortgage refinancing, their exorbitant fee income skyrocketed.  And they knew they would be selling the paper to the investment banks for their bundled loan paper derivative products, and they wouldn't have to deal with any foreclosures.  And...asshole, when Bear Stearns went belly up, followed shortly thereafter by Lehman Bros., both were so leveraged to the hilt that they went under even though 98% of US mortgages were still not upside down.  The mortgage defaults (regardless of the skin color of the borrower) didn't kill the investment banks, their reckless business practices killed them.
 
And Republican deregulation of the investment banking business made it all possible, not the Community Reinvestment Act.

Of course the people giving mortgages loved the act. It dramatically increased their market. That isn't a point. It also caused the recession. 

roadkill » 20 Nov 2022, 1:58 pm » wrote: ↑

20 Nov 2022, 1:58 pm

"God's money"...He meant the intrinsic value.  Precious metals have a usefulness...funny money does not.

Saving banks or any other businesses that aren't efficient is the opposite of capitalism.

 

...without 'funny money' [in other words, 'money'] you will quickly be begging, borrowing, stealing, sucking even more cack, under a bridge in a refrigerator box, dead, in jail/both, etc., you gd fool!... [and monetary ignoramus]   
 

peepee » 21 Nov 2022, 11:25 am » wrote: ↑

21 Nov 2022, 11:25 am

 

...without 'funny money' [in other words, 'money'] you will quickly be begging, borrowing, stealing, sucking even more cack, under a bridge in a refrigerator box, dead, in jail/both, etc., you gd fool!... [and monetary ignoramus] 

Still scrambling to get a life I see.    lol

roadkill » 20 Nov 2022, 3:09 pm » wrote: ↑

20 Nov 2022, 3:09 pm

Me too...God set the value.  

...no you gd fool [and monetary ignoramus], the 'value' of gold/silver was/is established by men...
 
 

roadkill » 21 Nov 2022, 11:27 am » wrote: ↑

21 Nov 2022, 11:27 am

i am one lame monetary ignoramus...

...i do not enjoy exposing and ridiculing you puppet-sucking monetary ignoramuses... it's like clubbing baby seals [and monetary ignoramuses] 

roadkill » 21 Nov 2022, 10:40 am » wrote: ↑

21 Nov 2022, 10:40 am

peepee doesn't do details.   

 

...is there a transcript to that piece of $hit video you posted here? ...let's take a look at the actual words that you, sjc, and the other monetary ignoramuses here think are sooooooooooo  good....         
 

peepee » 21 Nov 2022, 11:39 am » wrote: ↑

21 Nov 2022, 11:39 am

 

...is there a transcript to that piece of $hit video you posted here? ...let's take a look at the actual words that you, sjc, and the other monetary ignoramuses here think are sooooooooooo  good....       

Peepee just watch the video.  You need some education. And stop staring at little kids 

SJConspirator » 21 Nov 2022, 11:41 am » wrote: ↑

21 Nov 2022, 11:41 am

Peepee just watch the video.  You need some education. Now stop interrupting my child buggery time...

 

...i did watch your piece of $hit... paste the transcript of your $hit, you gd fool...[and monetary ignoramus]    

..this guy exposes your republicrat-level worldviews as $hit... 

https://www.youtube.com/watch?v=96c2wXcNA7A&t=3902s

peepee » 21 Nov 2022, 11:49 am » wrote: ↑

21 Nov 2022, 11:49 am

 

...i did watch your piece of $hit... paste the transcript of your $hit, you gd fool...[and monetary ignoramus]  

dude, get off your computer, go do your chores.  You know you have to inform the neighbors about your registry on the s.o. database

FOS » 21 Nov 2022, 11:19 am » wrote: ↑

21 Nov 2022, 11:19 am

Of course the people giving mortgages loved the act. It dramatically increased their market. That isn't a point. It also caused the recession.

So...when you said this...

FOS » 20 Nov 2022, 4:05 pm » wrote: ↑

20 Nov 2022, 4:05 pm

the primary cause of the recession was alterations of the community reinvestment act, which FORCED banks to give loans to black people, even if they had bad credit

We're you lying or just ill-informed?  Or maybe you're just two faced...out of one face you say the banks were FORCED to provide mortgage loans to low income families, while out of your other face you say they loved being able to provide mortgages to low income families.

Anybody who trusts anything FUZ says is a **** fool.
 

So many people know so much that isn't so.

IkeBana » 21 Nov 2022, 12:23 pm » wrote: ↑

21 Nov 2022, 12:23 pm

So...when you said this...

We're you lying or just ill-informed?  Or maybe you're just two faced...out of one face you say the banks were FORCED to provide mortgage loans to low income families, while out of your other face you say they loved being able to provide mortgages to low income families.

Anybody who trusts anything FUZ says is a **** fool.

No fool. There were multiple agents involved in this. The people who simply wanted to sell houses had every incentive to ignore credit scores. 

The people who relied on the banls operating well...like the ceos of banks...were perhaps not fond of this rule. and they would have lost their asses if they werent bailed out. But they were bailed out and probably knew they would be. 
 

omh » 20 Nov 2022, 10:01 am » wrote: ↑

20 Nov 2022, 10:01 am

Because they are never accurate about anything specifically evolving in plain sight. Why reasonable doubt is part of law and ordering people to die saving idealists cradle to grave.

They were reasonably accurate when they followed Locke's lead establishing the first modern liberal state, and you definition of capitalism is also typically incorrect.
 

FOS » 21 Nov 2022, 12:27 pm » wrote: ↑

21 Nov 2022, 12:27 pm

No fool. There were multiple agents involved in this. The people who simply wanted to sell houses had every incentive to ignore credit scores. 

The people who relied on the banls operating well...like the ceos of banks...were perhaps not fond of this rule. and they would have lost their asses if they werent bailed out. But they were bailed out and probably knew they would be.

You're conflating two different markets and two different systems.  The CEO's of the investment banks with the mortgage writers.  The mortgage companies loved the CRA because of the fees they could ring up.  The invesent banks loved the availability of cheap, low rated, sub-prime mortgage paper that they could use to build their A rated loan bundle products.

If you want to blame somebody for the 2008 recession lay off black folks and look at the rating companies like S&P and Moody's who rated this paper "A" when it wasn't.  Why did they do it?  Fear of the loss of business from the investment banking industry.

And who does FUZ wanna blame?  Black folks.
 

jack » 21 Nov 2022, 12:44 pm » wrote: ↑

21 Nov 2022, 12:44 pm

They were reasonably accurate when they followed Locke's lead establishing the first modern liberal state, and you definition of capitalism is also typically incorrect.

LOL...

FYI Locke is in no way "modern".