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Old 10-16-2010, 11:21 AM
 
59,596 posts, read 46,509,262 times
Reputation: 36946

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Quote:
Originally Posted by aliveandwellinSA View Post
Incredible how some here think they are always right. Probably never occurred to them that the more information received, from various sources, considered legitimate or not, the more evaluation that occurs and better decisions are the conclusion.

Sometimes you just want to let people have it, especially if they are know-it-alls or really annoying. But, letting out your real thoughts at any given time can lead to conflict and trouble.
It may not be worth your energy.
Why not just give everyone a billion dollars so that we are all rich?
That follows the same logic as the OP article.
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Old 10-16-2010, 11:13 PM
 
59,596 posts, read 46,509,262 times
Reputation: 36946
Quote:
Originally Posted by aliveandwellinSA View Post
Incredible how some here think they are always right. Probably never occurred to them that the more information received, from various sources, considered legitimate or not, the more evaluation that occurs and better decisions are the conclusion.

Sometimes you just want to let people have it, especially if they are know-it-alls or really annoying. But, letting out your real thoughts at any given time can lead to conflict and trouble.
It may not be worth your energy.
P.S. The irony here being the OP was upset that no one was smart enough to comment on the initial post....which was pretty much retardation to anyone that took econ 101....or basically just stops and thinks.

Let me recap for you.

"We could print 1 gazillon dollars of money (worthless) and buy everything in the world! Brilliant!"

Then they claimed we's be too dumbish to understandimicate such deeeeeeps thunking.
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Old 10-17-2010, 02:50 AM
 
Location: Ohio
22,798 posts, read 16,031,070 times
Reputation: 19289
Quote:
Originally Posted by Tightwad View Post
Hmmmmm..........I think that really deep thinking about the nature of money beyond spending it is to much for most folks to wrap their brain around.
No, it's just that we recognize sheer stupidity when we see it.

Quote:
"What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards
The Wiemar Republic tried that. Why don't you Google Wiemar Republic to learn how it worked out for them.
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Old 10-17-2010, 04:30 PM
 
Location: Planet Eaarth
8,955 posts, read 18,795,490 times
Reputation: 7193
Quote:
Originally Posted by Mircea View Post
No, it's just that we recognize sheer stupidity when we see it.

The Wiemar Republic tried that. Why don't you Google Wiemar Republic to learn how it worked out for them.
Here's a novel idea! Discuss the topic instead of taking cheap shots! Damn! That might even be entertaining!!
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Old 10-17-2010, 04:56 PM
 
Location: Ohio
22,798 posts, read 16,031,070 times
Reputation: 19289
Quote:
Originally Posted by Tightwad View Post
Here's a novel idea! Discuss the topic instead of taking cheap shots! Damn! That might even be entertaining!!
The topic is stupid and the article was written by a moron.

You don't know anything about economics, and the fact that you would cut and past such nonsense is irrefutable proof.

Like I said, the Wiemar Republic tried that. You can read about it and educate yourself on the results of their attempt, or you can continue to look foolish; your choice.

When you get through reading about the Wiemar Republic, you can read about Zimbabwe and see how it worked out for them.
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Old 10-17-2010, 08:42 PM
 
Location: Planet Eaarth
8,955 posts, read 18,795,490 times
Reputation: 7193
"irrefutable proof" ?? WTF!

Sorry, nanny. I mistakenly thought that this was a general discussion board not a court of law !
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Old 10-18-2010, 11:04 AM
 
59,596 posts, read 46,509,262 times
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Quote:
Originally Posted by Mircea View Post
The topic is stupid and the article was written by a moron.

You don't know anything about economics, and the fact that you would cut and past such nonsense is irrefutable proof.

Like I said, the Wiemar Republic tried that. You can read about it and educate yourself on the results of their attempt, or you can continue to look foolish; your choice.

When you get through reading about the Wiemar Republic, you can read about Zimbabwe and see how it worked out for them.
I have some old german currency from that era. How about I give you a million mark note and you give me 10,000 US?
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Old 10-18-2010, 01:56 PM
 
Location: Ohio
22,798 posts, read 16,031,070 times
Reputation: 19289
Quote:
Originally Posted by Tightwad View Post
"irrefutable proof" ?? WTF!

Sorry, nanny. I mistakenly thought that this was a general discussion board not a court of law !
Discussion of what? Stupidity?

Did you bother to educate yourself and study the Wiemar Republic? No, obviously not.

"What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 per cent interest cost?

You want to see what a moron that idiot is?

Go ahead print $50 Trillion and within hours €0.01 = $100,000

So, big brain, what exactly are you going to buy?

The villa in St Tropez that sells for €8,900,000?

What a bargain, that's only $890 Quadrillion

Stock for Deutsche Börse Group is selling at €51.95 but it will cost you $519 Million per share.

So what were you saying?

Even the Econphiles on this forum who've had no formal training in economics know that printing $50 Trillion will result in hyper-inflation and they know what a bunch of garbage your cut-n-past spam article is.

Had you come off of your pedestal just long enough to browse the web about the Wiemar Republic you would seen what crap the article is and that it would be impossible for the US to print even $10 Trillion and "to buy up all the bonds and stocks in the world, along with all the land and other assets for sale."

And that completely debunks the article.
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Old 10-18-2010, 03:06 PM
 
8,265 posts, read 11,230,465 times
Reputation: 4788
Quote:
P.S. The irony here being the OP was upset that no one was smart enough to comment on the initial post....which was pretty much retardation to anyone that took econ 101....or basically just stops and thinks.

Let me recap for you.

"We could print 1 gazillon dollars of money (worthless) and buy everything in the world! Brilliant!"

Then they claimed we's be too dumbish to understandimicate such deeeeeeps thunking.
In case anyone missed MathGuy's post.
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