Bernie Sanders the FRAUD Hypocrite

[Son_of_Liberty90]

Im really sick of all of these climate change propponents taking private jet trips around the world living like kings.

Man of the people my ass.
http://www.bizpacreview.com/2016/04...o-rome-should-have-his-donors-vomiting-329915

 

[twomp]

If that flight was paid for by other people then it is socialism at its best. If he paid for the flight with his own money then he'd be a hypocrite....

 

[Gumba of Liberty]

Im really sick of all of these climate change propponents taking private jet trips around the world living like kings.

Man of the people my ass.
http://www.bizpacreview.com/2016/04...o-rome-should-have-his-donors-vomiting-329915

Your anger is misguided my young padawan. Private jets are miraculous inventions (net-positive good things paid for with Bernie's money). Property-owning, rule-setting Patriarch and Matriarch land-owners (Kings and Queens w/o the ability to violate natural rights) are good things. Lying politicians that claim ownership over entire nation-states and dictate one-size-fits-all policies for diverse populations while simutanisouly selling out to the highest bidder and securing their own private fortunes? Not so much. Getting rich off hard work and peaceful trade = America (The one from the Declaration). Getting rich off working with the government to screw over your fellow man through fraudulent banking practices (fractional reserve/central banking) and privatizing profits while socializing loses (limited liability corporations; subsidies; bailouts; govt. regulations etc.) = Old Europe, back from the dead.

My advice, it's time for another (more perfect) American Revolution. Afterward, if you still "Feel the Burn", wake us son. That's herpes.

 

[Ender]

Your anger is misguided my young padawan. Private jets are miraculous inventions (net-positive good things paid for with Bernie's money). Property-owning, rule-setting Patriarch and Matriarch land-owners (Kings and Queens w/o the ability to violate natural rights) are good things. Lying politicians that claim ownership over entire nation-states and dictate one-size-fits-all policies for diverse populations while simutanisouly selling out to the highest bidder and securing their own private fortunes? Not so much. Getting rich off hard work and peaceful trade = America (The one from the Declaration). Getting rich off working with the government to screw over your fellow man through fraudulent banking practices (fractional reserve/central banking) and privatizing profits while socializing loses (limited liability corporations; subsidies; bailouts; govt. regulations etc.) = Old Europe, back from the dead.

My advice, it's time for another (more perfect) American Revolution. Afterward, if you still "Feel the Burn", wake us son. That's herpes.

On. The. Nose.

And I think you're the only other one, besides me, who has even mentioned fractional banking.

+rep

 

[RJB]

And I think you're the only other one, besides me, who has even mentioned fractional banking.

+rep

Those are found in ancient scrolls on RPFs that date back to 2007-2008. Since then it's been easier attacking the arms of the monster rather than it's head.

 

[r3volution 3.0]

Bernie Sanders is neither a fraud nor a hypocrite.

He genuinely believes the insane things he says.

 

[bunklocoempire]

Those are found in ancient scrolls on RPFs that date back to 2007-2008. Since then it's been easier attacking the arms of the monster rather than it's head.

YouTube, or it didn't happen.

 

[r3volution 3.0]

Those are found in ancient scrolls on RPFs that date back to 2007-2008. Since then it's been easier attacking the arms of the monster rather than it's head.

Fractional reserve banking is not the problem.

In a free banking situation, it's quite harmless.

The problem is the existence of an institution which can arbitrarily create base money, i.e. a central bank.

 

[afwjam]

Isn't fractional reserve banking part of the monster we are against in central banks, are there people who like money system multiplication? Always thought this video explained it well:

 

[r3volution 3.0]

Isn't fractional reserve banking part of the monster we are against in central banks

No, the two concepts of fractional reserve banking and central banking have been conflated.

 

[afwjam]

No, the two concepts of fractional reserve banking and central banking have been conflated.

Seems like they go hand in hand, in a free market I don't think fractional reserve would stand up by itself because of the risk.

 

[erowe1]

Lots of people used to rail on fractional reserve banking here all the time.

 

[r3volution 3.0]

Seems like they go hand in hand, in a free market I don't think fractional reserve would stand up by itself because of the risk.

At one time, petroleum was considered a pollutant: worthless black ooze coming out of the ground.

...the point being that no one knows what may or may not be profitable in a market economy.

But the main point is that FRB does not violate anyone's property rights; it's a perfectly legitimate business: prudent or otherwise.

...it may be imprudent to build cars out of balsa wood, but it shouldn't be illegal.

If it will fail, well then let it fail.

Our banking problems here in 2016 have nothing to do with FRB, and everything to do with central banking (and FDIC, etc etc).

Abolish the Fed, FDIC, and all other governmental interventions in the banking industry, and there will never be another crash.

...or maybe one, during which all corrupt bankers will fail, to be replaced by more sensible persons.

 

[TheTexan]

Someone really needs to run on a platform of free private jets.

 

[afwjam]

At one time, petroleum was considered a pollutant: worthless black ooze coming out of the ground.

...the point being that no one knows what may or may not be profitable in a market economy.

But the main point is that FRB does not violate anyone's property rights; it's a perfectly legitimate business: prudent or otherwise.

...it may be imprudent to build cars out of balsa wood, but it shouldn't be illegal.

If it will fail, well then let it fail.

Our banking problems here in 2016 have nothing to do with FRB, and everything to do with central banking (and FDIC, etc etc).

Abolish the Fed, FDIC, and all other governmental interventions in the banking industry, and there will never be another crash.

...or maybe one, during which all corrupt bankers will fail, to be replaced by more sensible persons.

I agree. With our current planned economy it's clear that fraction reserve banking magnifies the problems of malinvestment, especially when the inevitable correction comes.

 

[r3volution 3.0]

I agree. With our current planned economy it's clear that fraction reserve banking magnifies the problems of malinvestment, especially when the inevitable correction comes.

That's true.

FRB means that any given increase in base money (and therefore malinvestment) will be multiplied to some extent.

The difference between a gold standard situation and the status quo is that:

(a) the gold supply increases slowly and predictably, while the Fed can create infinite amounts of reserves, on a political whim

and, (b) FRB banks w/out a lender of last resort would be more risk-averse, relative the present casino

 

[Son_of_Liberty90]

Isn't fractional reserve banking part of the monster we are against in central banks, are there people who like money system multiplication? Always thought this video explained it well:

Wait, but if banks can gamble with all of your deposit money, then what the hell is the point of a reserve requirement?

 

[r3volution 3.0]

Wait, but if banks can gamble with all of your deposit money, then what the hell is the point of a reserve requirement?

You don't need a regulatory reserve requirement.

If a bank doesn't keep enough reserves, it goes bankrupt, and its owners lose everything: same as any other failed business.

...or so it would be absent the lender of last resort, FDIC, etc.

Libertarians should not be anti-banking (save that for the bolsheviki), just anti-central-banking.

 

[Ender]

At one time, petroleum was considered a pollutant: worthless black ooze coming out of the ground.

...the point being that no one knows what may or may not be profitable in a market economy.

But the main point is that FRB does not violate anyone's property rights; it's a perfectly legitimate business: prudent or otherwise.

...it may be imprudent to build cars out of balsa wood, but it shouldn't be illegal.

If it will fail, well then let it fail.

Our banking problems here in 2016 have nothing to do with FRB, and everything to do with central banking (and FDIC, etc etc).

Abolish the Fed, FDIC, and all other governmental interventions in the banking industry, and there will never be another crash.

...or maybe one, during which all corrupt bankers will fail, to be replaced by more sensible persons.

Central banking is an issue but that doesn't negate the fact that fractional banking is DEFINITELY a problem.

If a dollar is not worth "a dollar", we have financial repercussions. If a community agrees on what a dollar is and keeps the value as stated, then everybody prospers. If you loan $100 mil against $1 mil, you've basically decreased the economy by 100%. Do that 100,000 times and there is no economy. Just The Matrix.

 

[r3volution 3.0]

Central banking is an issue but that doesn't negate the fact that fractional banking is DEFINITELY a problem.

If a dollar is not worth "a dollar", we have financial repercussions. If a community agrees on what a dollar is and keeps the value as stated, then everybody prospers. If you loan $100 mil against $1 mil, you've basically decreased the economy by 100%. Do that 100,000 times and there is no economy. Just The Matrix.

Explain exactly what you think the economic problem is with FRB.

...if you're talking about magnifying inflation, that's already been addressed.

It's a non-problem absent a CB which can arbitrarily increase the base money supply.