I think you're misunderstanding some of the basic freedoms this forum offers: it offers the freedom to offend people, be a racist, and show hatred. I've seen those freedoms abused, but that doesn't mean those freedoms shouldn't be defended. There are many forums on the internet where freedom of speech is limited, and I very much value the freedoms we have here. That doesn't mean I necessarily agree or oppose those views, it's just how this forum works.
ok if racism, thought to be one of the greatest evils on the planet and strongly forbidden by all civilized nations, their constitutions and laws, is permitted here for the sake of the total boundless freedom of creative thought, I'm fine with that.
Having said that, you publicly defending and promoting this in this case, LoyceV, condones a very dangerous premise for the integrity of this forum, and contrary to your initial gut feeling, it does follow that people dealing with Timelord2067 are at risk of great monetary loss, and the flag is very appropriate because I'm sure a knowledgeable individual like you can find ample correlation in history between prejudice / persecution and financial crimes.
People prone to irrational hateful behavior will not hesitate to exhibit that blind prejudice in monetary matters as well, so a smart community should be vigilant against dealing with these vacant NPC's like Timelord2067...