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TheCoolinator TheCoolinator is offline
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Old May 20th, 2010, 08:54 AM       
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Originally Posted by Pentegarn View Post
Today you say:
Yet in a different thread on April 30th when I pretty much told you inflation would prove the 70s were worse than now you replied:

So which is it Coolie? "I can't do your thinking for you" or "It's your retort, prove it"? Because you seem to switch back and forth between these two viewpoints when it suits you...

Hypocrite.
There wasn't a 1.5 quadrillion dollar debt bubble in the 1970's.

Your trying to equate a firecracker with a volcano.

1.5 quadrillion dollars.

Coolinator is bored......
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Pentegarn Pentegarn is offline
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Old May 20th, 2010, 08:00 PM       
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Originally Posted by TheCoolinator View Post
There wasn't a 1.5 quadrillion dollar debt bubble in the 1970's.

Your trying to equate a firecracker with a volcano.

1.5 quadrillion dollars.

Coolinator is bored......
You are an idiot.

I said, (and please look and reread it though I doubt you will/are able to) that if you took the inflation that occurred from the 70s until now and applied those numbers to the 70s you would see the crisis was much bigger then.

You are saying a cup of coffee is better now than it was in the 70s because Starbucks charges 5 dollars now and in the 70s diners only charged 35 cents (if they even charged that much).

The thing is, the coffee stayed the same, cost and currency are all that changed.

Look at it from another angle, did you watch the Austin Powers movies? There was a running gag about ransom demands. In the first one, Dr. Evil asked for 1 million dollars in the modern era and was laughed at. In the 60s he asked for 100 billion dollars and was again laughed at. Do you understand why Coolie? If you do, you are on the first step to understanding why equating direct figures between the 70s and now like you keep trying to do is moronic, and why I keep telling you if you factor in inflation the crisis in the 70s was worse.

EDIT: And you never answered my post in your dumb reply either. Way to be, champ

Last edited by Pentegarn : May 20th, 2010 at 10:38 PM.
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Old May 20th, 2010, 09:54 PM       
Quote:
Originally Posted by TheCoolinator View Post
There wasn't a 1.5 quadrillion dollar debt bubble in the 1970's.

Your trying to equate a firecracker with a volcano.

1.5 quadrillion dollars.

Coolinator is bored......
Quote:
Originally Posted by Pentegarn View Post
You are an idiot.

I said [...] if you took the inflation that occurred from the 70s until now and applied those numbers to the 70s you would see the crisis was much bigger then.

You are saying a cup of coffee is better now than it was in the 70s because Starbucks charges 5 dollars now and in the 70s diners only charged 35 cents (if they even charged that much).

The thing is, the coffee stayed the same, cost and currency are all that changed.
You could also look at inflation during the Great Depression, and compare that to today:

During the Great Depression the economy was in contraction (negative inflation rate) for a total of 42 months, with an average annualized rate of -6.9%. The current recession saw a contracting economy for a grand total of 8 months, with an average annualized rate of -1.1%. Guess which was worse from an economic perspective.

Furthermore, as of today (April, 2010), inflation is stabilizing at roughly 2.2% which is where it was during most of the Bush administration. Were we in a depression then too? Where were the tent cities?

But let's not confuse the issue with facts, Pent. Let's talk about nebulous topics like "standard of living" "tent cities" and throw some big meaningless numbers out there for good measure. That's how you win arguments.

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TheCoolinator TheCoolinator is offline
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Old May 21st, 2010, 09:31 AM       
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Originally Posted by Colonel Flagg View Post
a grand total of 8 months


But let's not confuse the issue with facts, Pent. Let's talk about nebulous topics like "standard of living" "tent cities" and throw some big meaningless numbers out there for good measure. That's how you win arguments.
2008-2010+ is not a grand total of 8 months. The depression continues, countries are bankrupt, and hopefully regulation is on its way.

And that "big meaningless number" is in regards to the worthless derivative debts that have been dragging down the worlds economy since 2008.

Remember the bailout? Remember the tent cities? Remember the volatile drops in stock prices and market value?

1.5 QUADRILLION dollars worth of debts. Much more than anything we've seen in history.

I'll ask you and any other troglodyte who wishes to respond. Was there a 1.5 QUADRILLION dollars worth of speculative paper debt in any of the past depressions / recessions?

We are in a world depression of incalculable proportion. This is reality. Greece is on fire, Italy, ireland, portugal, and spain are ready to default, UK has heavy debts, Japan has been in a economic tailspin.

This is a WORLD DEPRESSION. You don't have to agree with me in the open but please do your research.
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Old May 21st, 2010, 09:54 AM       
Heh, silly little child, there is no DEBT, there is no DEPRESSION, they’re all nothing but lies of the communist oligarch’s or consequences of their embezzlements.

You see, son, they can manipulate the economy all they want. By causing this “depression” you’re talking about, they are able to lower the public morale, causing fear, anxiousness and stress. When people start losing their hope, their minds are easier to “reprogram” by mind control, hypnosis and propaganda. This way, the communist oligarchs recruit new members. Why do you think that these “depressions” occur so regularly?

The most disgusting thing is that the communists are able to make people forget this reprogramming procedure, thus making these people “sleepers”. This means that they believe they are law abiding capitalist democrats, but can be “activated” by the communists to do their bidding.

You have much to learn, kid, but it is the TRUTH.
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Old May 21st, 2010, 10:51 AM       
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Originally Posted by Brotherhood View Post
Heh, silly little child, there is no DEBT, there is no DEPRESSION, they’re all nothing but lies of the communist oligarch’s or consequences of their embezzlements.

You see, son, they can manipulate the economy all they want. By causing this “depression” you’re talking about, they are able to lower the public morale, causing fear, anxiousness and stress. When people start losing their hope, their minds are easier to “reprogram” by mind control, hypnosis and propaganda. This way, the communist oligarchs recruit new members. Why do you think that these “depressions” occur so regularly?

The most disgusting thing is that the communists are able to make people forget this reprogramming procedure, thus making these people “sleepers”. This means that they believe they are law abiding capitalist democrats, but can be “activated” by the communists to do their bidding.

You have much to learn, kid, but it is the TRUTH.
This is exactly what President Ahmedinejad tried to warn you American people about many time. Every time he is ridiculed and criticized. I have tried telling him that American people are lost cause but he is good hearted man who tries to save. You are all blind to your government pulling your strings.
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Old May 21st, 2010, 11:16 AM       
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Originally Posted by Ayatollah View Post
This is exactly what President Ahmedinejad tried to warn you American people about many time. Every time he is ridiculed and criticized. I have tried telling him that American people are lost cause but he is good hearted man who tries to save. You are all blind to your government pulling your strings.
Indeed, Mr. Ahmedinejad is one of the very few world leaders who are free from the chains of the communists. I don’t know why, but the communist oligarch’s have never been able to infiltrate into Iran, among few other countries. This naturally infuriates the communist oligarch’s and as act of hostility they have rationalized all kinds of sanctions against the poor people of Iran, and have programmed the masses to think of Iran as a source of evil.

Please do not lose your hope on us! There are still people fighting against the communists here in USA.


Long live the Resistance!

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Pentegarn Pentegarn is offline
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Old May 21st, 2010, 10:08 AM       
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Originally Posted by TheCoolinator View Post
1.5 QUADRILLION dollars worth of debts. Much more than anything we've seen in history.

I'll ask you and any other troglodyte who wishes to respond. Was there a 1.5 QUADRILLION dollars worth of speculative paper debt in any of the past depressions / recessions?
I'll ask you, moron:

Where the hell was today's average income per household in those eras?

Where were the profits averaged yearly that today's companies make in those eras?

Where was the GDP of the hundreds of countries today in those eras?

The reason the 1.5 quadrillion you keep mentioning (over and over and over over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over) exists is because there is a ton more money in the world than there was in those eras. The percentages of debt, poverty levels, and lack of rescources in those days were worse. The single number you keep spouting about is merely a reflection of the amount of money there is now. It means nothing in terms of employment, wealth per household percentages, cost of living percentages and the like. Why won't you address that? Why is it I keep answering you about why the numbers you post are not valid in context to inflation and you keep ignoring it? Face it, you are ignoring my replies because you have no answer of substance to counter them with.
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The Leader The Leader is offline
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Old May 21st, 2010, 12:05 PM       
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Originally Posted by TheCoolinator View Post
I'll ask you and any other troglodyte who wishes to respond. Was there a 1.5 QUADRILLION dollars worth of speculative paper debt in any of the past depressions / recessions?
No, because inflation hadn't raised prices as much as it has now. You're saying that we are in a depression now worse than the great depression. This demonstrates a complete ignorance of history. I recommend that you do some research and listen to the blessed Ayatollah.
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