U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-30-2013, 04:10 PM
 
1,013 posts, read 863,363 times
Reputation: 489

Advertisements

gwynedd1

I would say fiat money itself is not the real problem but whom controls the fiat money to be the problem.
also the problem of scarcity can easily be solved by way of increasing the value of said item.

either way though it doesn't matter.

for the debt they made in the story. DEFAULT plain and simple. both parties made bad judgements and the party that loaned to the other person should at least lose all their interest payments.

FACT: no one can ever produce more of one good unless there is any inflation to pay off interest hence that is why many religions BANNED interest bearing loans. thus more loans with interest = more inflation. aka velocity of money.

as for fiat money.

main problem is WHOM CONTROLS it as it never gets distributed evenly instead it lands only into the elites and they control all power and wealth.

hence FIAT IS EXTREMELY BAD for that reason alone already.

if fiat were to work then fiat would have to be distributed to all people EVENLY NOT only to banks.
it is stupid to think printing money and giving to criminals will do anything to help real people and the real economy.
if they print at least give it to us all instead of them.


100k to every man woman and child would have been 100x better than what 99% of all central banks do.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-30-2013, 04:15 PM
 
1,013 posts, read 863,363 times
Reputation: 489
also mr jonhson should file for bankruptcy and be done with it
don't ask for hand outs. afterwards find a job and accumulate wealth again.

it is simple capitalism and he made a bad bet. his own fault. work harder and try again.
and then those that lent to mr jonhson should eat the losses and be done with it.

debt forgiveness was part of Athens early on in her history did people forget?
it is very common.

and god says "let there be bankruptcy."
the end.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-30-2013, 06:35 PM
 
20,379 posts, read 18,219,406 times
Reputation: 8022
Quote:
Originally Posted by gen811 View Post
also mr jonhson should file for bankruptcy and be done with it
don't ask for hand outs. afterwards find a job and accumulate wealth again.

it is simple capitalism and he made a bad bet. his own fault. work harder and try again.
and then those that lent to mr jonhson should eat the losses and be done with it.

debt forgiveness was part of Athens early on in her history did people forget?
it is very common.

and god says "let there be bankruptcy."
the end.
Well, that certainly didn't happen recently did it?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-30-2013, 06:54 PM
 
20,379 posts, read 18,219,406 times
Reputation: 8022
More fun with money.

A small town far away from the sea agrees to use sea shells for trade. They count 1000 sea shells and distribute accordingly.

Another town decides to scratch marks into the tree to keep accounts of debt.

Another town uses a secret code but Mr Barnes intercepts and learns of it...


So what if Mr Barnes in this case instead of hoarding pudding trades for some sea shells from a seafarer, convinces the mayor to give him the tree in to privatize it , or learns the code respectively?

So without the commodity veneer, how different does it look to hoard money? Is there a point in hoarding scratch marks or limitless secret codes?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-31-2013, 08:23 AM
 
1,013 posts, read 863,363 times
Reputation: 489
well then gwynedd1 what you describe is FRAUD. Basically the system we have now.

Suddenly what you describe is another monopolization of the money supply.
Mr Barnes suddenly became the federal reserve bank of the usa then and he can print or contract the money supply only to benefit himself. This is fiat money then at that point as the public no longer owns it.

As I have said government and private individuals or organizations CANNOT CONTROL money. The people themselves all of them should control it themselves.

SORRY but government IS NOT THE PEOPLE.

Mr Barnes has no right to the secret codes and by your intention he is abusing it and corrupting it as a result ALL Mr Barnes wealth must be taken away and put in jail.
it shall be a capital offense of treason.
just like printing money. We cannot do this but only the federal reserve right?
But what you are saying is MR Barnes became the federal reserve. too bad.

everyone must just go bankrupt then and mr barnes can just deal with empty trees.

Anyway the people afterwards can then make new money systems.
Here is the thing about competing currencies Ron Paul suggested already

YOU CAN MAKE ANYTHING MONEY as long as people accept it.
the thing is about perception.

gold/silver etc doesn't matter.

if someone hoards ALL the gold then no one can spend it find then let him.
We just won't use it as money anymore and use silver.
if someone hoards all silver then
one can just use copper
if one hoards all copper
then use iron etc.

as Bill Still says it doesn't matter. the solution is competitive currencies.
Let the best currency win.

The problem is ever growing debt and interest on money itself.
money should not be created with interest as it means it needs to be paid back


where is the money

how can you balance this?

principle + interest = money?

how do you get interest?
how is interest created?
yes that is right only by inflation is interest created.

Go back to bill still example actually.
tally sticks worked for many years. that worked for many centuries due to whom controlled it was honest

Again the matter is WHOM Controls the system not what the system is.
fiat or commodity.

I would argue competing commodity money is better than fiat though.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-31-2013, 10:52 AM
 
20,379 posts, read 18,219,406 times
Reputation: 8022
Quote:
Originally Posted by gen811 View Post
Mr Barnes has no right to the secret codes and by your intention he is abusing it and corrupting it as a result ALL Mr Barnes wealth must be taken away and put in jail.

See this is the problem. A legal tender law and a commodity behind it each have a legitimate legal claim.They even have a legitimate moral claim. On the one side it is the right to a legitimate transaction without someone setting up a toll booth while on the other hand the real value of a commodity is also a legitimate claim. So the two sides hate each other.


Financiers have got to love setting these two groups against each other and they have played this game for quite some time. They can rob people of their commodities, they can rob people of the debt owed them back and forth, over and over....The common enemy is finance.

90% incumbent election rate with both major parties pro finance...
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top