Wednesday, February 4, 2009
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F U R L O N G C O L O N Y 1
A sporadic update of the important effects unfolding in Furlong Colony 1.
F U R L O N G C O L O N Y 1
A sporadic update of the important events unfolding in Furlong Colony 1.
The Furlactic Center
Snooky Wookumses:
Porter Types:
Life:
- Realpolitik (86)
- South Korea (71)
- Ministry of Silly Walks (28)
- Snooky Wookums (19)
- Raspberry Berets (18)
- Me Myself and Boris (17)
- Places I've Been (16)
- I'd Like to Buy an Argument (14)
- Bits and Pieces (11)
- Science (11)
- Sophistheads (10)
- Yes I Still Play Nintendo (8)
- Long Furs (7)
- I AM TECHNOLOGY (6)
- Live Free or Die (5)
- Munchkins Learning Engrish (5)
- Collectible Coins (4)
- Stupid Americans (4)
- Waterloo (4)
- Furlong Colony 1 Original (3)
- Me-Me (3)
- Movies are My Life (3)
- Photoshopped (3)
- Travel Stories (3)
- Gumi Bears (2)
- Happy Holidays (2)
- KimChi (2)
- Too Much Stuff (2)
- Boneheads (1)
- Cheezy Landmarks and Me (1)
- Our Walks (1)
- Photography (1)
- Porter Types (1)
- Realpolitiks (1)
- The Land of Shining Waters (1)
About Furlong Colony 1
1. My blog is a private website. Search engines like Google, Yahoo!, and MSN can not access this site, because I opted to keep Furlong Colony 1 private when I created it. It is only viewed by the people I send it to and the people they send it to.
2. Opinions expressed on this blog are merely opinions. Don't take them personal.
3. Any essays that appear on this website are third draft, and not intended to be of professional quality. If you find a mistake, please email me at cdfurlong@gmail.com so that I can correct it.
4. Any insults received on this website are merely Internet insults and should not be taken seriously. In the real world no one would use such language unless enraged. The Internet is a different world than the face-to-face world, and should be treated as such. :)
2. Opinions expressed on this blog are merely opinions. Don't take them personal.
3. Any essays that appear on this website are third draft, and not intended to be of professional quality. If you find a mistake, please email me at cdfurlong@gmail.com so that I can correct it.
4. Any insults received on this website are merely Internet insults and should not be taken seriously. In the real world no one would use such language unless enraged. The Internet is a different world than the face-to-face world, and should be treated as such. :)
5. Posts should be packed full of content. Therefore, if you post contentless, rhetorical posts, I will delete them.
Places I've Been
- Donghwasa Temple, Daegu, South Korea
- Gatbawi Temple, Daegu, South Korea
- Haeinsa Temple, Daegu, South Korea
- Mount Hallasan, Jeju Island, South Korea
- Vladivlostok, Russia
- Irkutsk, Siberia, Russia
- Trans-Siberian Railroad, Russia
- Moscow, Russia
- Peters, Saint Petersburg, Russia
- Brest, Belarus
- The Great Wall, Beijing, China
- Terespol, Poland
- East and West Berlin, Germany
- Beijing, China
- Terracotta Warriors, Xian, Shaanxi, China
- Xian, Shaanxi, China
- Chengdu, Sichuan, China
- Tiger Leaping Gorge, Lijiang City, Yunnan, China
- Old Town of Lijiang, Lijiang City, Yunnan, China
- Lijiang City, Yunnan, China
- Dali City, Yunnan, China
- Water Splashing Festival, Jinghong, Yunnan, China
- Jinghong, Xishuangbanna, Yunnan, China
- Kunming, Yunnan, China
- Nanning, Guangxi, China
- Guilin, Guangxi, China
- Guangzhou, Guangdong, China
- Hong Kong, China
- Darwin, Northern Territory, Australia
- Katherine, Northern Territory, Australia
- Mount Olga, Northern Territory, Australia
- King's Canyon, Northern Territory, Australia
- Uluru, Northern Territory, Australia
- Ti Tree, Northern Territory, Australia
- Todd River, Alice Springs, Northern Territory, Australia
- Alice Springs, Northern Territory, Australia
- Adelaide, South Australia, Australia
- Lismore, New South Wales, Australia
- Ipswich, Queensland, Australia
- Melbourne, Victoria, Australia
- Fraser Island, Queesland, Australia
- Rockhampton, Queensland, Australia
- Byron Bay, Queensland, Australia
- Emerald, Queensland, Australia
- Brisbane, Queensland, Australia
- Taree, New South Wales, Australia
- Sydney, New South Wales, Australia
Selling Korea:
$93.44 USD.
8 comments:
Now, why do you think the bank feels they can loan money like this to this obviously high-risk borrower? Is this not an obvious example of skewed risk assessment probably based on the easy monetary policy that stems from the Fed?
Not at all. The only thing that stems from the FED is credit. The "easy" part stems from unregulation and deregulation. Without the "easy" people like the woman in this vid would never have gotten a loan.
"The only thing that stems from the FED is credit."
Right, and the FED prices the credit. They can make credit CHEAP which makes it EASY.
No, what it makes it easy to sell credit is low lending standards. I wasn't talking about buying credit. I thought we already agreed that if the FED had no one to sell the credit to, no one who could get someone to sign on the dotted line, the FED wouldn't matter?
Your argument is crap, Josh.
You have no concept of risk.
You have no concept of the real cause. The FED couldn't sell credit if it had no one to sell it to. Until you resolve this point, we're going to continue to go in circles.
The point is that they shouldn't have the ability to sell credit. Credit should be provided by the private sectors so they can properly judge risk and set interest rates.
"The point is that they shouldn't have the ability to sell credit. Credit should be provided by the private sectors so they can properly judge risk and set interest rates."
Lol. You admit that banks instituted central banks like the FED out of fear of going bankrupt, but then you turn around and tell me that the banks, some of the most powerful segments of the economy are just going to leave the government alone because you say "should". You see, Josh, you beleive in cause-and-effect, but you just dont want to fucking admit it. The banks instituted the FED. NOT "The Government".
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