Protests in France

[EyeBRollin]

They literally believe that having more of something does not devalue it.

Another strawman. Danger lies again!

 

[EyeBRollin]

Seems to me that eyeB believes that debt doesn't matter. Typical of leftists; utopia is just around the corner...

“Deficits don’t matter.” -Dyck Cheney

Go vote for another billionaire tax break.

 

[EyeBRollin]

Issuing more currency is only a temporary fix. Eventually, the chickens come home to roost.

Nope, it won’t. Our debt is now over $20 trillion and Republicans gave another $1.5 trillion to away to corporations. You are being conned.

 

[EyeBRollin]

<eyeroll>

Cost to buy a nice suit has been roughly the price of one ounce of gold, for a century.

I wonder why the same cannot be said for the price in dollars.

The USD has been divorced from gold since 1971. My god, read a book.

 

[lamath]

Its just logic that a currency devaluation cause a price inflation

Also i agree that creating more currency even if you dont see it right away will just devalue it on the long run.

Best way to explain this is to look at what you could buy with 1$ now vs 30 year ago.

 

[lamath]

Explain how banks create money by loaning more than what they have in reserve.

 

[wifehunter]

Explain how banks create money by loaning more than what they have in reserve.

This one is funny!

 

[Bible_Belt]

Money is more of an idea than a physical thing. We could stack up all the US currency in circulation, and it would be a tiny fraction of all the theoretical dollars out there, depending upon how we define them. Take the stock market, for example. That money is just an illusion based upon collective ideas and expectations about the future, the most important of which being that too many people don't try to convert their accounts to actual dollars.

 

[backseatjuan]

You all missing a major thing here. No protest could be an orginized protest unless it was orginized. You have some sort of sh1t you don't like in your city? Go ahead and protest against it tomorrow, see how many followers you get. I bet less than 5. What happened in France and is still happening was/is an organized military operation.

 

[Pandora]

You all missing a major thing here. No protest could be an orginized protest unless it was orginized. You have some sort of sh1t you don't like in your city? Go ahead and protest against it tomorrow, see how many followers you get. I bet less than 5. What happened in France and is still happening was/is an organized military operation.

Do you mean it is a Coup? It maybe. I just think that the world is changing and that humans are starting to throw off the shackles of the ruling elites. But you may be right. It may not be as random as we think.

 

[Pandora]

I am big on astrology ( I know its silly to most). But according to Astrological predictions we are entering a new era in humanity starting around 2020. This is the age of Aquarius. In this age people are supposed to be better and resonate at a higher frequency. If this is true, then expect to see more protest. These protest are the beginning of the new era. It is a changing of the guard. But it could all be bs.

 

[backseatjuan]

Come on, Age of Aquarious was in 2012. It looks like you are into sh1t, it's ok though, I used to be into sh1t as well. No the humans are not throwing shackles of the ruling elites, the humans are sheep, going to the tune of a trumpet here and there. Does this ring your bell?

The humans that will throw off shackles of the ruling elites might gather in your city in quantity of less than 5 if you gather them. The mass movement in France is a highly coordinated event.

 

[lamath]

History show us that Mens throw up shackles when they get to supressive but then put them back up until the next time they get supressive

Imo this is human nature we need hierarchy

 

[AttackFormation]

Explain how banks create money by loaning more than what they have in reserve.

Unfortunately this clip and the financial intermediation/fractional reserve theories of banking are wrong. See:

https://www.sciencedirect.com/science/article/pii/S1057521915001477

 

[taiyuu_otoko]

Danger refuses to accept that poor people get sick.

Poor people get sick and die because they can't afford health care. This happens in every country. This has happened in every country. This will happen in every country. There will always be poor people and poor people will always suffer in part because they are poor.

What is your definition of a "right" when so many people don't have access to this "right?"

I'll suggest that what you are calling a "right" is really a political promise that is IMPOSSIBLE to deliver no matter how much you wish it so.

As far as governments issuing currency.

Suppose you have a million people, and only enough food, arable land, production etc. to feed 500K people.

Will printing more and more money solve this problem?

 

[Bible_Belt]

I would lump the right to be free from easily preventable communicable disease under "life, liberty, and pursuit of happiness."

Your limited food example assumes that your theoretical country is an island in space. Although "printing money" is not the answer, creating wealth could be. When a company goes public on a stock exchange, it almost always goes up in value tremendously. Is any money printed in that scenario? Most money is an illusory promise about the future, and not a tangible thing.

 

[AttackFormation]

Poor people get sick and die because they can't afford health care. This happens in every country. This has happened in every country. This will happen in every country. There will always be poor people and poor people will always suffer in part because they are poor.

What is your definition of a "right" when so many people don't have access to this "right?"

I'll suggest that what you are calling a "right" is really a political promise that is IMPOSSIBLE to deliver no matter how much you wish it so.

I think it was a mistake to call these things human "rights" in the first place. They should've been called freedoms, or liberties, as in the concept of positive freedom/liberty. That would prevent semantic debates of what a right is because everyone understands that a healthy person is freer than a sick person.

As far as governments issuing currency.

Suppose you have a million people, and only enough food, arable land, production etc. to feed 500K people.

Will printing more and more money solve this problem?

That's a question so watered down as to be fallacious even in theory. But in reality too, not only does the world produce more food than it consumes, but the way it has started doing so has been through investing in food production with money. If you create more money and raise taxes accordingly on where this money flows to recycle it, then there is no change in purchasing power, no risk of any price inflation or deflation, but the government still gets more revenue to invest with.

In America, this used to be more basic knowledge when guys like Simon Patten and the rest of the American school of economics were still around. This (and the rest of protectionism, while imposing "free trade" on other countries) is how American agriculture became one of the world's most productive industries.

 

[AttackFormation]

I would lump the right to be free from easily preventable communicable disease under "life, liberty, and pursuit of happiness."

Your limited food example assumes that your theoretical country is an island in space. Although "printing money" is not the answer, creating wealth could be. When a company goes public on a stock exchange, it almost always goes up in value tremendously. Is any money printed in that scenario? Most money is an illusory promise about the future, and not a tangible thing.

+1 to this.

Nearly all "money" in circulation today is bank-created credit, not government-created money, and the vast majority of this credit goes into the financial asset markets, not into production and consumption. The debt-leveraged parasite/financial economy of real estate, stocks, bonds, currencies, futures, patents etc. utterly dwarfs the real economy in size.

 

[taiyuu_otoko]

That's a question so watered down as to be fallacious even in theory.

Maybe, but you still ignored it. Is that because you don't know the answer, or you don't like the answer?

But I'll make it easier on you.

Suppose you have 200 million poor people and 100 million rich people.

And the 100 million people are absolute EXPERTS at gaming the system.

What good does it do the 200 million poor people to know the money can be created AT WILL by the government if it will have little effect on their lives?

 

[Bible_Belt]

The right to a service or good is depriving someone else of the right to life, liberty and the pursuit of happiness.

The right to something provided by someone else is the right to enslave others.

Yeah, your lack of cholera has to be a real albatross around your neck.