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kingpongthedon

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Date Signed Up:5/07/2012
Last Login:7/28/2015
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Comment Ranking:#3189
Highest Content Rank:#12564
Highest Comment Rank:#753
Content Thumbs: 6 total,  41 ,  35
Comment Thumbs: 13429 total,  14470 ,  1041
Content Level Progress: 20.33% (12/59)
Level 0 Content: Untouched account → Level 1 Content: New Here
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Level 310 Comments: Wizard → Level 311 Comments: Wizard
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Content Views:5006
Total Comments Made:2229
FJ Points:11498

latest user's comments

#33 - Maybe we just can't see it? 5 hours ago on Dark Souls hitboxes +1
#11 - Wish they taught that in college, my GPA would have been a lot…  [+] (3 new replies) 20 hours ago on Only "you" can prevent rape +100
#70 - tigery (10 hours ago) [-]
Most US major universities are starting to require that all males take courses on sexual harassment and rape (but females don't have to do anything). I thought it was really stupid but did it anyway. My roommate did not and when he went to sign up for courses in the spring he had a hold on this account making him unable to sign up for spring classes and was told that his Fall grades will be withheld until he completes the course...

Men are so privileged...
#76 - funnygiggles (10 hours ago) [-]
My university required that everyone take the course, and for the same penalites.
User avatar #23 - YoursTruley (15 hours ago) [-]
was it....was it by tooting your own horn? masturbation
#97 - Guess she wanted to be on the winning team for once. 07/23/2015 on nice +1
#58 - And no, China can not kill the US dollar. And even if they co… 07/23/2015 on Yeah why 0
#57 - I actually looked at your links, first one is from a heavily b…  [+] (2 new replies) 07/23/2015 on Yeah why 0
User avatar #60 - AnomynousUser (07/23/2015) [-]
Oh, I can't believe I forgot to mention this earlier... When people like them are showing the price of gold as of late and saying "See? The price of gold has been skyrocketing!" they don't realize they're judging that based on the currency with no backing. Instead of gold skyrocketing, it's actually the value of the US dollar plummeting.

I went out and found a video that clearly explains what I'm saying here www.youtube.com/watch?v=beQME8aV2e0 but you'll probably just dismiss it as "heavily biased libertarian" using his pesky facts.
User avatar #59 - AnomynousUser (07/23/2015) [-]
The gold standard was doing great until the governments took on massive debts.

And maybe China would like to have the dominant currency for the same reasons that America holds the dominant currency.
#55 - Again, it is backed by a commodity, literally all of them. Ev…  [+] (5 new replies) 07/23/2015 on Yeah why 0
User avatar #56 - AnomynousUser (07/23/2015) [-]
In order to avoid inflation, backing the currency by a finite commodity is essential. I'm sure the Germans were saying their currency was very secure and there would be no possible way that they'd print off too much in 1931.

Just as you ignored my links, I'll elect to ignore yours and just post another one www.youtube.com/watch?v=AiMjT_GNg_I
#58 - kingpongthedon (07/23/2015) [-]
And no, China can not kill the US dollar. And even if they could, why would they? Our moneys are linked, killing ours would kill theirs as well. It would be mutually assured destruction. Again, it's value is linked to the whole of the market which includes China, which increases international stability.
#57 - kingpongthedon (07/23/2015) [-]
I actually looked at your links, first one is from a heavily biased libertarian organization so not gonna bother, second one is purely theoretical. Theory is useless if it doesn't match up with the real world findings. If you'd like to see the real world numbers, look at mine.

And backing the currency to a finite resource is stupid when population and productivity are rapidly increasing. The gold standard is a vestige of medieval economics when population and productivity were more or less stagnant. Tying the dollar to even a stable finite resource exacerbates inflation in growing markets. But still, gold is one of the least stable commodities out there and instability is the last thing you want in your standard.

Lastly, the circumstances that lead up to Germany's issue were radically different than anything today. It had far more to do with being shafted in the Treaty of Versailles than the abandonment of the gold standard.
User avatar #60 - AnomynousUser (07/23/2015) [-]
Oh, I can't believe I forgot to mention this earlier... When people like them are showing the price of gold as of late and saying "See? The price of gold has been skyrocketing!" they don't realize they're judging that based on the currency with no backing. Instead of gold skyrocketing, it's actually the value of the US dollar plummeting.

I went out and found a video that clearly explains what I'm saying here www.youtube.com/watch?v=beQME8aV2e0 but you'll probably just dismiss it as "heavily biased libertarian" using his pesky facts.
User avatar #59 - AnomynousUser (07/23/2015) [-]
The gold standard was doing great until the governments took on massive debts.

And maybe China would like to have the dominant currency for the same reasons that America holds the dominant currency.
#53 - Sure, I'm not saying that's not the case though I know f… 07/23/2015 on Yeah why 0
#52 - It's not blind faith, it's tied to literally millions of somet…  [+] (7 new replies) 07/23/2015 on Yeah why 0
User avatar #54 - AnomynousUser (07/23/2015) [-]
I see that you're not even going to watch the videos I recommended, but oh well. Explain to me how having money backed by faith is better than having money backed by a commodity. Don't just assert that it's more secure - convince me that it is through facts.
#55 - kingpongthedon (07/23/2015) [-]
Again, it is backed by a commodity, literally all of them. Every commodity has a role in determining the purchasing power of a dollar. When the value of one of these commodities changes it has a much less significant effect on the purchasing power of the dollar than if we tie it to a single commodity, especially highly volatile commodities like precious metals.

And as for facts, here's a nice article with facts and figures from legitimate economists: seekingalpha.com/article/653941-precious-metal-myths-a-metal-standard-promotes-economic-stability
User avatar #56 - AnomynousUser (07/23/2015) [-]
In order to avoid inflation, backing the currency by a finite commodity is essential. I'm sure the Germans were saying their currency was very secure and there would be no possible way that they'd print off too much in 1931.

Just as you ignored my links, I'll elect to ignore yours and just post another one www.youtube.com/watch?v=AiMjT_GNg_I
#58 - kingpongthedon (07/23/2015) [-]
And no, China can not kill the US dollar. And even if they could, why would they? Our moneys are linked, killing ours would kill theirs as well. It would be mutually assured destruction. Again, it's value is linked to the whole of the market which includes China, which increases international stability.
#57 - kingpongthedon (07/23/2015) [-]
I actually looked at your links, first one is from a heavily biased libertarian organization so not gonna bother, second one is purely theoretical. Theory is useless if it doesn't match up with the real world findings. If you'd like to see the real world numbers, look at mine.

And backing the currency to a finite resource is stupid when population and productivity are rapidly increasing. The gold standard is a vestige of medieval economics when population and productivity were more or less stagnant. Tying the dollar to even a stable finite resource exacerbates inflation in growing markets. But still, gold is one of the least stable commodities out there and instability is the last thing you want in your standard.

Lastly, the circumstances that lead up to Germany's issue were radically different than anything today. It had far more to do with being shafted in the Treaty of Versailles than the abandonment of the gold standard.
User avatar #60 - AnomynousUser (07/23/2015) [-]
Oh, I can't believe I forgot to mention this earlier... When people like them are showing the price of gold as of late and saying "See? The price of gold has been skyrocketing!" they don't realize they're judging that based on the currency with no backing. Instead of gold skyrocketing, it's actually the value of the US dollar plummeting.

I went out and found a video that clearly explains what I'm saying here www.youtube.com/watch?v=beQME8aV2e0 but you'll probably just dismiss it as "heavily biased libertarian" using his pesky facts.
User avatar #59 - AnomynousUser (07/23/2015) [-]
The gold standard was doing great until the governments took on massive debts.

And maybe China would like to have the dominant currency for the same reasons that America holds the dominant currency.
#19 - Triple H? More like Triple X 07/23/2015 on breath in breath out 0
#11 - Do you think he knows how majestic he is? 07/22/2015 on Fly on the wings of freedom 0

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Total unique items point value: 550 / Total items point value: 750
What do you think? Give us your opinion. Anonymous comments allowed.
#6 - syfygeek (10/26/2014) [-]
the deed is done
#7 to #6 - kingpongthedon (10/26/2014) [-]
**** , you got that to me quicker than I could have made toast myself. Top notch toast skills.
#5 - datgrass (06/25/2014) [-]
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User avatar #1 - traffy (01/02/2014) [-]
first?
#2 to #1 - traffy (01/02/2014) [-]
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