How many of you people actually know for every $1 there is $1 of debt?

Discussion in 'Economics & Trade' started by GodTom, Dec 5, 2017.

  1. squidward

    squidward Well-Known Member

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    Come now, you know your points were fabricated in your own mind, but feel free to demonstrate their accuracy
     
  2. Reiver

    Reiver Well-Known Member

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    Is this the best you can think up after your cretinous "assures: assumption, unproven" error? That's a shame. I was hoping for at least some fight.
     
  3. Ndividual

    Ndividual Well-Known Member

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    You're view appears to be defining a dollar in terms of being simply numbers centrally maintained by government. If that's what this thread is trying to say, then if/when government achieves that goal I will agree with the OP. But that has not been accomplished yet.
     
  4. squidward

    squidward Well-Known Member

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    It's not just government debt that creates dollars and the FED is not part of the government
     
  5. Ndividual

    Ndividual Well-Known Member

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    When you use the word 'dollars', I take it you are NOT referring to the currency we can hold in our hand. Is that correct?
     
  6. squidward

    squidward Well-Known Member

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    Most dollars are electronic credits in a computer
     
  7. Longshot

    Longshot Well-Known Member

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    Imperial credits.
     
  8. squidward

    squidward Well-Known Member

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    Have you tried to convert your bank account to $100's lately? You'll get the imperial treatment alright
     
    Last edited: Dec 27, 2017
  9. Longshot

    Longshot Well-Known Member

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    We are all victims of “the war on cash”.
     
  10. squidward

    squidward Well-Known Member

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    Central control of currency is the fifth plank of Marx's manefesto
     
  11. Longshot

    Longshot Well-Known Member

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    Of course. Makes perfect sense.
     
  12. squidward

    squidward Well-Known Member

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    Government hates money, but loves currency that it can produce at will.
     
  13. Longshot

    Longshot Well-Known Member

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    Government hates anything that they can’t control completely.
     
  14. Reiver

    Reiver Well-Known Member

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    Ooo, you've been reading right wing tosh sites haven't you? Marx wasn't at all fussed with the 10 principles: "The practical application of the principles will depend, as the Manifesto itself states, everywhere and at all times, on the historical conditions for the time being existing, and, for that reason, no special stress is laid on the revolutionary measures proposed at the end of Section II. That passage would, in many respects, be very differently worded today"
     
  15. Longshot

    Longshot Well-Known Member

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    I agree that it is better for the government to eliminate interventions in the monetary system.
     
  16. Reiver

    Reiver Well-Known Member

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    Friedman wouldn't agree!
     
  17. Longshot

    Longshot Well-Known Member

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    And why would I give an eff about what Friedman would agree with?
     
  18. Reiver

    Reiver Well-Known Member

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    An example of a right winger that, whilst error stricken, doesn't agree with you. Do you have a right winger example that does?
     
  19. Longshot

    Longshot Well-Known Member

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    Not an answer. Why would I give an eff about what Friedman thinks?
     
  20. Reiver

    Reiver Well-Known Member

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    Don't dodge now! I deliberately chose a right winger who would tut at your opinion. Now try and answer my simple question. Can you refer to a right winger who would agree with you?
     
  21. Longshot

    Longshot Well-Known Member

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    To directly answer your question: No I can’t refer to a right winger who would agree with me.

    But I agree that it’s better for government to eliminate interventions in the monetary system.
     
  22. squidward

    squidward Well-Known Member

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    like giving large finance banks $1.3T for 4 years running while exchanging it for failed assets on the books of the banks ? That kind of intervention ?
     
  23. Longshot

    Longshot Well-Known Member

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    Yes. Those sort of interventions should be eliminated.
     
  24. squidward

    squidward Well-Known Member

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    ooh, you make your living by the forced use of the system.
     
    Last edited: Dec 27, 2017
  25. squidward

    squidward Well-Known Member

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    Not ten congressmen combined would be willing to do anything about it.
     

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