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Old 05-20-2006, 07:01 PM   #101
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Originally posted by JeanB@May 20 2006, 06:21 PM
sorry voyd but your way off the mark. the reason EVERY NATION is in debt is due to fractional reserve banking. when i was* a kid i often wondered how the ''richest'' nation in the world could also owe money. It is due to a system that allows any bank (including the world bank) to lend up to ten times what it owns as assets. thats international banking law. thats right. banks can lend the value of ten percent of what they have as assets. that is how fictional money is invented. if anyone wants to argue, look it up first.

and as for diseases they are invented as well......the nobel prize winning scientist who is credited with discovering HIV, claims, and has claimed for the last ten years, that it does not cause AIDS. Read Peter Deusberg, a very clever man, and good scientist and discoverer of HIV.
dont get me wrong i would still wear a johnny. you can get gonorrhea of the mouth for christ sake. no one is safe!"!!!!!
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Well, not every country was in debt - and some of them still have manageable debt (they can still progressively pay off the principal). However, ours has totally spiralled out of control. When compounding interest goes exponential, it essentially becomes unpayable.

As far as fractional reserve banking - that explains why gov's are in such debt to these private banks that issue Monopoly money. Which is what fiat paper currency is - inflated paper money. In the old days, a $10 gold coin had $10 worth of value in gold. Now, a $10 paper bill has $1 worth of "value" behind it. In short, it inflated 10X.

Anyhow, the point is - you fall under the power of whomever you owe money to. In the US's case - that includes all these private lending "fractional reserve" banks as well as many foreign countries who have stockpiled our bonds.

Of course, I'm not a money supply expert yet, so I could be wrong here, lol..

Interesting theory on H!V, but we'll just call that one debateable. I mean, I'd be a bit skeptical because it does seem like it can be contagious thru fluid contact - where one person may pass it to the other. Including babies and kids - therefore it may not be a druggy lifestyle byproduct. Either way, I think there are still plenty of other emerging diseases who do point to a modern germ causation.
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Old 05-21-2006, 12:55 AM   #102
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Quote:
Originally posted by voyd@May 20 2006, 06:01 PM
Well, not every country was in debt - and some of them still have manageable debt (they can still progressively pay off the principal).* However, ours has totally spiralled out of control.* When compounding interest goes exponential, it essentially becomes unpayable.

As far as fractional reserve banking - that explains why gov's are in such debt to these private banks that issue Monopoly money.* Which is what fiat paper currency is - inflated paper money.* In the old days, a $10 gold coin had $10 worth of value in gold.* Now, a $10 paper bill has $1 worth of "value" behind it.* In short, it inflated 10X.

Anyhow, the point is - you fall under the power of whomever you owe money to.* In the US's case - that includes all these private lending "fractional reserve" banks as well as many foreign countries who have stockpiled our bonds.
Not sure if I pointed it out here or else but the physical limitations of stockpiling precious metals (gold and silver) to back paper money are unreasonable. Since there is a finite amount of gold, for instance, it would physically limit the amount of money in circulation and would cause economies to collapse if there was not credit to purchase on. Nice rosey idea, but in all reality, a gold standard (or silver standard, if you will) is not logical given the vast amount of money that changes hands every day.

Instead, we balance our sheets according to the good credit of the country. Inflation kept in check allows the money to remain in relative constant level of worth. Since currencies are traded much like stocks in a company, this fluctuates of course, but at the same time, it eventually balances out.

As for debt, it is normal for any company to incur an operating debt, hence the old adage "you have to spend money to make money." A country can run a deficit (in this case, a budget deficit) legitimately since there is only a finite amount of money that can be brought in via taxation, yet the amount of money required to operate can fluctuate. Anything from natural disasters (Katrina, Rita, etc) to unforeseen military actions causes a huge expenditure that was otherwise not previously expected. Without the ability to spend in a deficit, what would happen in the case of another Katrina? Or the fallout of 9/11? The government's hands would literally be tied if deficit spending was not possible.

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Of course, I'm not a money supply expert yet, so I could be wrong here, lol..
Nor am I, but I stayed in a Holiday Inn last night :D

As for the HIV/AIDs stuff, I ain't even gonna touch that. In just the past few years we've discovered that HIV can be prevented from turning into full-blown AIDs by certain drug cocktails. Magic Johnson is a clear example of this. But my knowledge of medicine is limited to only the little I've read
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Old 05-21-2006, 02:44 AM   #103
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I think i wondered off the point a little in my last post,

i was very very drunk at the time, so excuse me peeps.

I also think the immigrant question will never really be settled here.
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Old 05-21-2006, 10:54 AM   #104
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country made by immigrants, denying access to more immigrants... just don't equal equality.

Our economy is going down the shitter anyway. Wouldn't hurt to get some more workers in here since at least part of their money would go back into local stores and whatnot.
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Old 05-21-2006, 01:17 PM   #105
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Interesting...
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By MARK STEVENSON, Associated Press Writer
2 hours, 6 minutes ago

MEXICO CITY - If Arnold Schwarzenegger had migrated to Mexico instead of the United States, he couldn't be a governor. If Argentina native Sergio Villanueva, firefighter hero of the Sept. 11 attacks, had moved to Tecate instead of New York, he wouldn't have been allowed on the force.

Even as Mexico presses the United States to grant unrestricted citizenship to millions of undocumented Mexican migrants, its officials at times calling U.S. policies "xenophobic," Mexico places daunting limitations on anyone born outside its territory.

In the United States, only two posts - the presidency and vice presidency - are reserved for the native born.

In Mexico, non-natives are banned from those and thousands of other jobs, even if they are legal, naturalized citizens.


Foreign-born Mexicans can't hold seats in either house of the congress. They're also banned from state legislatures, the Supreme Court and all governorships. Many states ban foreign-born Mexicans from spots on town councils. And Mexico's Constitution reserves almost all federal posts, and any position in the military and merchant marine, for "native-born Mexicans."

Recently the Mexican government has gone even further. Since at least 2003, it has encouraged cities to ban non-natives from such local jobs as firefighters, police and judges.

Mexico's Interior Department - which recommended the bans as part of "model" city statutes it distributed to local officials - could cite no basis for extending the bans to local posts.

After being contacted by The Associated Press about the issue, officials changed the wording in two statutes to delete the "native-born" requirements, although they said the modifications had nothing to do with AP's inquiries.

"These statutes have been under review for some time, and they have, or are about to be, changed," said an Interior Department official, who was not authorized to be quoted by name.

But because the "model" statues are fill-in-the-blanks guides for framing local legislation, many cities across Mexico have already enacted such bans. They have done so even though foreigners constitute a tiny percentage of the population and pose little threat to Mexico's job market.

The foreign-born make up just 0.5 percent of Mexico's 105 million people, compared with about 13 percent in the United States, which has a total population of 299 million. Mexico grants citizenship to about 3,000 people a year, compared to the U.S. average of almost a half million.

"There is a need for a little more openness, both at the policy level and in business affairs," said David Kim, president of the Mexico-Korea Association, which represents the estimated 20,000 South Koreans in Mexico, many of them naturalized citizens.

"The immigration laws are very difficult ... and they put obstacles in the way that make it more difficult to compete," Kim said
, although most foreigners don't come to Mexico seeking government posts.

J. Michael Waller, of the Center for Security Policy in Washington, was more blunt. "If American policy-makers are looking for legal models on which to base new laws restricting immigration and expelling foreign lawbreakers, they have a handy guide: the Mexican constitution," he said in a recent article on immigration.

Some Mexicans agree their country needs to change.

"This country needs to be more open," said Francisco Hidalgo, a 50-year-old video producer. "In part to modernize itself, and in part because of the contribution these (foreign-born) people could make."

Others express a more common view, a distrust of foreigners that academics say is rooted in Mexico's history of foreign invasions and the loss of territory in the 1847-48 Mexican-American War.

Speaking of the hundreds of thousands of Central Americans who enter Mexico each year, chauffeur Arnulfo Hernandez, 57, said: "The ones who want to reach the United States, we should send them up there. But the ones who want to stay here, it's usually for bad reasons, because they want to steal or do drugs."

Some say progress is being made. Mexico's president no longer is required to be at least a second-generation native-born. That law was changed in 1999 to clear the way for candidates who have one foreign-born parent, like President Vicente Fox, whose mother is from Spain.

But the pace of change is slow. The state of Baja California still requires candidates for the state legislature to prove both their parents were native born.
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Old 05-21-2006, 02:51 PM   #106
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[quote]/
Speaking of the hundreds of thousands of Central Americans who enter Mexico each year, chauffeur Arnulfo Hernandez, 57, said: "The ones who want to reach the United States, we should send them up there. But the ones who want to stay here, it's usually for bad reasons, because they want to steal or do drugs."


Lets all go to mexico and redress the migrationary balance!!!! See you in Acapulco......

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Old 05-21-2006, 03:31 PM   #107
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Except there are laws preventing gringos from owning beach front property.
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