Money is fake you are right, but you seem to have no idea how / why.
Here is a very simple example of how money is created from nothing:
There is $100 in existence, Bob gets a loan of $100 from the bank and is charged 50% interest. He now owes $150 but there was only ever $100, thus it is impossible to pay back.
Some amount of years ago money used to have a physical equivalent which meant creating money from thin air impossible. But this rule was abolished.
People always owe a debt to the governments and therefore enslaved. If governments wanted there would be no such thing as poverty and world hunger etc. The reason governments don't want this is because it would then be much much harder to control the population.
But who is controlling the governments? well that's what you should be asking.
Here is a very simple example of how money is created from nothing:
There is $100 in existence, Bob gets a loan of $100 from the bank and is charged 50% interest. He now owes $150 but there was only ever $100, thus it is impossible to pay back.
Some amount of years ago money used to have a physical equivalent which meant creating money from thin air impossible. But this rule was abolished.
People always owe a debt to the governments and therefore enslaved. If governments wanted there would be no such thing as poverty and world hunger etc. The reason governments don't want this is because it would then be much much harder to control the population.
But who is controlling the governments? well that's what you should be asking.
But who is controlling the governments? well that's what you should be asking.
Well if anyone wants to ask that then they should feel free to make a thread where that is the topic, but in this thread we are talking about the minimum wage. People need to stop trying to twist every topic into something completely different to suit their own agenda. I mean it when I say you should try to make new threads instead of derail pre-existing ones, it keeps the direction of the discussion clear and make the whole board easier to navigate and follow.
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Originally Posted by Link
Why do you even post on the discussion board? You like disagree with criticism about practically everything. I don't understand it frankly.
I wish you didn't say stuff like this. It not only undermines what little respect your arguments deserve, but it also undermines the topic. If everyone agreed with each other then discussion could not happen. If you want to argue this point then do it via PM to me, not on this thread.
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If you think it's an ignorant statement and if you think it's dumb, go and do some research and actually try to understand what anyone says ever before attempting to make us look ignorant.
I'll let Pig explain to you why asking your opponent to find evidence to back up your own claims is not acceptable. I'm embarrassed to be a parody account of you right now.
Last edited by Zelda; Feb 2, 2016 at 11:56 PM.
Reason: <24 hour edit/bump
Good morning sweet princess
Originally Posted by Link
First of all, that solar power thing was an example of how I look at the rich as being rich. Because the power companies were not getting money, they made a decision to outlaw them.
Well firstly, did this ever happen? What state outlawed solar panels?
Secondly, most energy companies aren't as stupid as you make them out to be, most have stakes in the solar industry.
Originally Posted by Link
Second of all, at your number 2, yeah, it would be great not to have to pay millions of restaurants to have a set amount of products in each of their stores. How sane is that? There is a plethora of reasons that is a good idea.
What? In what way is choice bad? How about you list some of these reasons lol.
Originally Posted by Link
At your number 3, I don't really understand what you mean. Some middle class people could potentially cut down on what they get and not be in poverty. It could work with the rich giving money as well.
Simply not true. Yes, some could give a bit of money to the poor, but not enough to drag the poor out of poverty. The median income in USA is twice the poverty line, the poor make up ~15% of USA, the middle class 25-66%. It's just not possible! What's more you are condemning the vast majority of USA to a life in poverty (or just above). How is this a sane thing to do?
Originally Posted by Link
If you think it's an ignorant statement and if you think it's dumb, go and do some research and actually try to understand what anyone says ever before attempting to make us look ignorant. Why do you even post on the discussion board? You like disagree with criticism about practically everything. I don't understand it frankly.
Your arguments are nonsense, and even when I probe you don't explain. I would like to see you show me which USA states have banned solar panels, these 'plethora' of reasons why having more than 1 choice is bad, or how putting >50% of the population into or barely above the poverty line is a good thing. These arguments all seem insane and baseless, so I would like to hear your reasoning instead of just asserting this and that.
Originally Posted by PACKET
Money is fake you are right, but you seem to have no idea how / why.
Here is a very simple example of how money is created from nothing:
There is $100 in existence, Bob gets a loan of $100 from the bank and is charged 50% interest. He now owes $150 but there was only ever $100, thus it is impossible to pay back.
Not true at all. Thanks to the way that the economy works, it's not impossible to pay back.
>Bob uses his $100 to buy farming equipment and seeds, he raises a crop with a market value of $200
>the people he bought the equipment and seeds from need to eat, they buy $100 with of food from him
>Bob uses that $100 to pay off some of his owed money
>The bank loads out money to John, Fred, and Bert
>John, Fred, and Bert buy (among other things) food worth a total of $50 from Bob
>Bob uses that money to pay off the rest of his loan
>Bob is now up $50 in crop, not only did he manage to repay his debt but he actually profited!
This is how economy works. Of course, your example is INSANE, no bank will lend out 100% of money in existence and will charge 150% of money in existence...
Originally Posted by PACKET
Some amount of years ago money used to have a physical equivalent which meant creating money from thin air impossible. But this rule was abolished.
This 'rule' NEVER EXISTED. Money is a proxy for value, even fiat currency has no fixed value./
Originally Posted by PACKET
People always owe a debt to the governments and therefore enslaved. If governments wanted there would be no such thing as poverty and world hunger etc. The reason governments don't want this is because it would then be much much harder to control the population.
But who is controlling the governments? well that's what you should be asking.
Not true, people are not obliged to owe debt, let alone to the government. But debt is a GOOD THING. Ask any economist, debt is good.
I'll give you a simple example:
Bob earns $10 per month, what can he buy? Shit all, you can't buy much with $10. But, Bob can go to the bank, take out a $200 loan with 5%/mo repayment. By using his income to pay back his loan, now he can buy a lot more stuff. His buying power increased, and yes he does have to pay it back, but he has drastically increased his situation. He does have an obligation to pay it back, but he is not a slave.
This works on any scale, companies, countries, etc. If you can pay back the repayments, then getting a loan will vastly increase your buying power. I will repeat once more, debt is NOT BAD.
As for "governments could solve poverty and world hunger" lol the world isn't that simple mate.
<Faint> the rules have been stated quite clearly 3 times now from high staff
Originally Posted by FruitCandy
Where is this money coming from?
Money is an item with essentially agreed value. Many countries use fiat currency which is minted by governments. In this scheme only governments can create money.
In other schemes money may be minted by anyone, but in all schemes everyone can create goods/services which can be exchanged for money.
Originally Posted by FruitCandy
Debt is not bad? Ok.
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Yeah it isExplain why debt would possibly be a good thing. So dumb xD
Have you ever heard the saying "it takes money to make money"? As I explained above, debt increases your immediate buying power, you can use this money to purchase wealth-building assets.
Remember the example with Bob above? Bob gets a loan for $100 which he then uses to buy farming equipment and seeds. He can then use this money to generate wealth. This would not be possible with his $10/mo salary - he would have had to save money for 10 months (assuming he doesn't spend anything, which isn't possible).
For most people a practical example would be taking out a loan to buy a house. Not only can you live in a house (thus saving money on rent) but the value of the property will increase (assuming it was a good buy). This allows a person to 'have their money work for them', as the saying goes.
For anyone with any kind of income, it will almost always be better to take out a loan and use the income to pay off the loan. That will give you immediate money to use to generate value for your life or wealth in the future. This is basic economics and you can ask literally anyone and they will tell you the same thing.
<Faint> the rules have been stated quite clearly 3 times now from high staff
