In other news, Conan O'Brien may be about to push the envelope on late night television.

BRO OUT!

That Nigerian wasn't a prince at all! Damn it!

>> ^rex84:

The comments re: TARP money aren't exactly factual. I believe Goldman Sachs paid back their TARP bailout in 2009 and that the U.S. taxpayer made about 23% on the deal. 10 banks in total repaid their TARP funds in 2009.


What comments? Repaying TARP funds has nothing to do with compliance with the Community Reinvestment Act.

http://thecinemasnob.com/2011/06/02/beware-children-at-play.aspx

*beg for someone to hear us out!

Fixed, thanks.

A thermometer? Toothbrush? Dental floss? False teeth? Sunflower seed shells? You can even say "words" if you're feeling particularly existential.

Stuck at nine? Maybe it's time to call in the *promote guns.

Pretty sure this belongs in 1sttube as well: "This is a collection of TV tribute videos that highlight the incredible creativity..." -- This video is certainly a tribute to Voltron, much like http://1sttube.videosift.com/video/Twilight-Zone-San-Francisco-Why-Is-Everybody-Here is a kind of tribute to The Twilight Zone. I'm not going to put it back in there though.

*shortfilms *1sttube

>> ^BoneRemake:

>> ^Issykitty:
Bank of ASS... I can't wait until you implode because you will have brought it on yourselves.

Yea but it fucks everyone who has an account there doesnt it.
"Dear Sir/Madame,
You are a bank of America account holder, for no reason what so ever on your part, you now have a balance of 0. Thank you, fuck yourself again please "


Except that every account is FDIC insured up to $250,000 specifically to prevent things like that.

Steve Jobs was a great man, but this video is pretty bad, so it doesn't get an upvote. If you have significantly more than 60 seconds, I would recommend the documentary "Triumph of the Nerds" to get a better picture of Steve Jobs early contributions to Computing as well as the rest of the environment back in the late 70's and the 80's.

Argh... Pretty good lecture, but what a useless video. The animation simply repeated what was said (with pictures) while adding nothing.

First, to my original point, a fixed money supply does not allow for fractional reserve banking -- By definition, fractional reserve banking varies the supply of money. Second, I don't remember massive inflation caused by the sale of unregulated securities, though I do remember a massive speculative bubble bursting and an economic crash.
>> ^bmacs27:


Fractional reserve banking has nothing to do with the medium of exchange. Banks have engaged in fractional reserve banking since long before the abolition of the gold standard. A better argument is that the securitization of debt (deregulation of finance) has caused massive inflation by encouraging the underwriting of bad debt by allowing the risk to be sold off.

First, I'm not proposing anything -- I was just pointing out that inflation and speculative bubbles could be largely mitigated making the supply of money fixed. Second, a fixed money supply does not presuppose (or require) price fixing, so you can still use various property as a value store.
>> ^bmacs27:

Further, the video doesn't seem to explain that in our current system I can use my wages to purchase gold at market, and can thus use it as a store of value (if I actually believed it to be fairly valued against e.g. wages or real estate). In the government price fixing system you are proposing that wouldn't be possible, and the value of my gold would be subject to systemic risk (bad policy) just like currency is today.
>> ^davidraine:
I don't think they're calling for anything -- Simply explaining. Also, the point is that everything they point out is not true for any medium of exchange. The hallmark of fiat currency that makes it true is banks' ability to conjure money out of nowhere, which starts the inflationary and speculative balls rolling. With a fixed money supply, this can't happen.