EPTMind=Blown at economics - Page 2
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Treemonkeys
United States2082 Posts
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zobz
Canada2175 Posts
Why is Treemonkeys still a member of this site? Honestly? | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:26 zobz wrote: Why is Treemonkeys still a member of this site? Honestly? Nice dude, you don't like what I'm saying, so you ask why I am allowed here. Real intelligent of you. | ||
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Caller
Poland8075 Posts
On June 06 2011 15:23 Treemonkeys wrote: It's not a conspiracy theory, when you borrow money and pay it back you are paying back money that never existed plus interest and this continues up to the highest level where money is literally "loaned" from nothing but ink. The result is a never ending spiral where there is always more money and interested owed than actually exists in circulation where more money has to be loaned into existence to pay for this and it is a (almost) never ending cycle. Don't even bring up high school anything because they don't teach you jack shit about the creation of money or the banking system in high school. i was legitimately concerned that you were serious here until i looked into your post history and saw how many posts you had in the SCII Strategy section. Well played sir. | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:27 Caller wrote: i was legitimately concerned that you were serious here until i looked into your post history and saw how many posts you had in the SCII Strategy section. Well played sir. What is this supposed to mean? I am serious. It's a different way of saying what he said with all money comes into existence as an asset for the banks and it ultimately increases the power of the banks and decreases the power of the people on a constant basis. Austrian theory does cover this, he is wrong there, if it didn't I wouldn't know about it. | ||
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zobz
Canada2175 Posts
On June 06 2011 15:27 Treemonkeys wrote: Nice dude, you don't like what I'm saying, so you ask why I am allowed here. Real intelligent of you. I thought the amazing depth of content of your posts was self-evident, so I didn't bother to explain. You are a worthless idiot of a troll. | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:37 zobz wrote: I thought the amazing depth of content of your posts was self-evident, so I didn't bother to explain. You are a worthless idiot of a troll. I will aspire to create posts with depth such as this. | ||
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Kaal
Djibouti2466 Posts
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Treemonkeys
United States2082 Posts
On June 06 2011 13:21 TadH wrote: Summary: Interest means that there is more debt than can ever EVER EVER be repaid. PERIOD. It's actually, physically and theoretically impossible to get out of debt. Simply because of interest. Exactly. http://www.gold-eagle.com/editorials_99/hannigan092099.html | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:41 Kaal wrote: This is the greatest troll blog in the history of troll blogs. Then explain how money is created and how this blog is wrong. | ||
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StorkHwaiting
United States3465 Posts
Cash is not the debt of the people. Cash is a debt note of the federal reserve that people hold, AKA Cash = Asset NOT Liability. His balance sheet is missing equity... I've never seen a balance sheet where equity didn't exist before. This guy is amazingly psycho. Liability does not = loss of power. It just means how much of your asset is owned by someone other than you. All you would need to do to mitigate debt is have an asset whose ROI > Interest rate of the liabilities. What a crock of shit this guy is. The reason gov't debt increases is because the gov't is corrupt as hell and they make many investments that don't yield a return greater than interest, instead they yield a horrendous loss. It has nothing to do with fiat currency, whose biggest issue is with forex trading, manipulation of inflation/money supply, and basically using money as a commodity. NOT because of the fundamental debt-based nature of the currency -__-. | ||
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zobz
Canada2175 Posts
On June 06 2011 15:43 Treemonkeys wrote: If this entire thread is nothing but a troll, then why don't you labouriously debunk it? | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:48 StorkHwaiting wrote: What in the fuck is this guy on about. ROFLMAO. Cash is not the debt of the people. Cash is a debt note of the federal reserve that people hold, AKA Cash = Asset NOT Liability. His balance sheet is missing equity... I've never seen a balance sheet where equity didn't exist before. This guy is amazingly psycho. Liability does not = loss of power. It just means how much of your asset is owned by someone other than you. All you would need to do to mitigate debt is have an asset whose ROI > Interest rate of the liabilities. What a crock of shit this guy is. The reason gov't debt increases is because the gov't is corrupt as hell and they make many investments that don't yield a return greater than interest, instead they yield a horrendous loss. It has nothing to do with fiat currency, whose biggest issue is with forex trading, manipulation of inflation/money supply, and basically using money as a commodity. NOT because of the fundamental debt-based nature of the currency -__-. Simply put all cash is owed to the fed reserve, plus interest. On a wide scale it cannot be paid back because all returns on investments must be paid with the very same dollar that is always created with interest attached to it. There are always going to be more losers than winners and the only real winners are the bankers. | ||
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Comeh
United States18918 Posts
You'd really think that. | ||
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Treemonkeys
United States2082 Posts
On June 06 2011 15:50 zobz wrote: Don't misquote me please. Also if you aren't up to the task at had, why waste effort on insults? All you are doing is admitting you have nothing valuable to offer this blog and are only here to insult people you disagree with, because it takes too much effort for you to actually make an argument. If you actually knew what you were mouthing off about, it would be easy for you to comment on it intelligently. | ||
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Caller
Poland8075 Posts
If you actually knew what you were mouthing off about, it would be easy for you to comment on it intelligently. well that explains a lot of things | ||
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Treemonkeys
United States2082 Posts
The video itself does a decent job explaining what I am talking about and no one in this blog has shown a solid argument against it, or even an argument at all. Just insults and strawmen. I'll make this very simple for you naysayers: Name one situation where money is created NOT as an asset to a bank's balance sheet. One. Shouldn't take long, right? Limited to US dollars. Go. | ||
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Comeh
United States18918 Posts
On June 06 2011 15:59 Treemonkeys wrote: The video itself does a decent job explaining what I am talking about and no one in this blog has shown a solid argument against it, or even an argument at all. Just insults and strawmen. Well, technically, all of the economically sound and understood minds on TL (minus Milkis - he's usually the one that puts in the effort in his arguments/debunking) are saying something along the lines of "this guy is wrong, and it's pretty plain and obvious. But it's not really worth our time because a: explaining things in economics is a long process that can get convoluted/confused at times and b: he's so far out of reach that formulating an argument against his illogical nature is rather difficult. It's like trying to explain to your deeply religious grandmother that that virgin-mary shaped piece of bread isn't a sign of god, but more likely an odd error from some machine in the bread-factory. Or something like that. | ||
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StorkHwaiting
United States3465 Posts
On June 06 2011 15:53 Treemonkeys wrote: Simply put all cash is owed to the fed reserve, plus interest. On a wide scale it cannot be paid back because all returns on investments must be paid with the very same dollar that is always created with interest attached to it. There are always going to be more losers than winners and the only real winners are the bankers. ...No dude. Cash = The Fed owes YOU. You've got it totally backwards. Simply put, all cash is debt of the Federal reserve and there is absolutely no interest. Unless by interest you mean inflation/deflation, which is derived from basic supply/demand. The interest rate set by the Fed is what they charge major banks and often affects the bond market. In general, you've got it all wrong. Go read basic concept of the Federal Reserve Note and Fiat Currency. Then learn what a balance sheet is and what interest is. Then realize the guy in this video is a moron. | ||
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Caller
Poland8075 Posts
On June 06 2011 15:59 Treemonkeys wrote: The video itself does a decent job explaining what I am talking about and no one in this blog has shown a solid argument against it, or even an argument at all. Just insults and strawmen. that's because to put up a rational argument against it would mean that it deserves a rational argument to begin with. Feel free to continue believing whatever you believe in while we sheeple do our due diligence and actually make an effort to wikipedia some of the definitions we use before we make youtube videos about it. my father always says, its better to close your mouth and let people think you're an idiot than open your mouth and let people know you're an idiot. This video is a pretty good example of the latter. | ||
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