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Old 05-12-2015, 01:08 PM
 
Location: Philadelphia
11,881 posts, read 10,326,857 times
Reputation: 8045

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Quote:
Originally Posted by VTHokieFan View Post
There are inherently valuable, but their labor may not be.
Labor is not properly valued in our corrupt economic system, so that makes sense.
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Old 05-12-2015, 01:11 PM
 
Location: Portland, OR
8,803 posts, read 7,551,120 times
Reputation: 4501
Quote:
Originally Posted by 2e1m5a View Post
Labor is not properly valued in our corrupt economic system, so that makes sense.
Oh really, what is labor's value then oh wise one?
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Old 05-12-2015, 01:12 PM
 
Location: Philadelphia
11,881 posts, read 10,326,857 times
Reputation: 8045
Quote:
Originally Posted by johnrex62 View Post
Isnt that exactly what makes Money the perfect medium for payment? It has a relatively set value (defined externally and unchanged by personal preference) and the quantity of Money exchanged for goods and services is negotiated based on the perceived value of the goods and services, not the perceived value of the money since that value is externally defined.

For the economic exchange it makes no difference how or by whom the value is defined, only that it IS defined and that valuation is relatively stable over time. If it were unstable, then the fair wage you set this morning could well be below poverty level by lunch time (See Argentina for examples)
You could have all these things, without our currency being owned and controlled by a private and internationally minded institution-The Federal Reserve.

The people of a nation should have complete control over their currency.
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Old 05-12-2015, 01:13 PM
 
Location: Philadelphia
11,881 posts, read 10,326,857 times
Reputation: 8045
Quote:
Originally Posted by VTHokieFan View Post
Oh really, what is labor's value then oh wise one?
There are way too many positions in society today that produce nothing and only take-the middle-men and leeches. This is most especially true in the financial industry.

PRODUCERS and INNOVATORS should be valued more.
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Old 05-12-2015, 01:17 PM
 
Location: SF Bay Area
12,300 posts, read 7,918,064 times
Reputation: 6464
Quote:
Originally Posted by 2e1m5a View Post
There are way too many positions in society today that produce nothing and only take-the middle-men and leeches. This is most especially true in the financial industry.

PRODUCERS and INNOVATORS should be valued more.
Someone is willing to pay them for their services so it seems they are valued.
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Old 05-12-2015, 01:19 PM
 
Location: SF Bay Area
12,300 posts, read 7,918,064 times
Reputation: 6464
Quote:
Originally Posted by 2e1m5a View Post
As I mentioned in my post above, some are so simple minded they are unable to think beyond our present monetary system.

You'll be among the masses asking "what happened?" when the USD loses it's world reserve currency status.
Glen Beck has some precious metal investments for you when the currency becomes meaningless like you are proclaiming.
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Old 05-12-2015, 01:23 PM
 
Location: Philadelphia
11,881 posts, read 10,326,857 times
Reputation: 8045
Quote:
Originally Posted by shooting4life View Post
Glen Beck has some precious metal investments for you when the currency becomes meaningless like you are proclaiming.
You inferred that all on your own. Good job!

No thanks though, I'll continue with investing in land and real estate.
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Old 05-12-2015, 01:44 PM
 
8,876 posts, read 5,019,865 times
Reputation: 9229
Most that are making minimum wages are not worth the minimum wage
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Old 05-12-2015, 02:04 PM
 
Location: SF Bay Area
12,300 posts, read 7,918,064 times
Reputation: 6464
Quote:
Originally Posted by 2e1m5a View Post
You inferred that all on your own. Good job!

No thanks though, I'll continue with investing in land and real estate.
Land we be devalued just as much as stocks. Unless your land produces a resources that has tangible worth, it will collapse as the purchasing power of the majority collapses. The value of land is just as falsely support by the Fed as the stock market.
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Old 05-12-2015, 02:05 PM
 
26,302 posts, read 12,734,122 times
Reputation: 12538
Quote:
Originally Posted by brownbagg View Post
Most that are making minimum wages are not worth the minimum wage
This of course is demonstratively false....as they are being paid it. But by denigrating them you push for them to be paid less then they are obviously worth by demonstration. Nice!
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