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Posted
Wealth as I understand it is raw materials combined with labor to make something useful. Money is created when people borrow it. More simply put, money is a means to repay debt because there isn't enough raw materials and labor to do so.

 

Basically Greenspan is saying that the emperor is wearing no clothes when he say things like "Irrational Exuberance". Of course, he used to read a lot of Ann Rand too.

 

So, ok. Money is a medium of exchange. As I understand the US dollar, the value of it is backed by property. If you print too many dollars, this is inflationary and the value of the dollar declines in its purchasing power.

 

Seems the flow of money is essential, keeps the ball afloat, when it stops then the thing comes crashing down. And, the idea of interest (e.g., interest bearing) depends on the existence of a future where transactions continue to occur so the idea of stability (economic/political) is crucial to the maintenance of the monetary system.

 

With electronic transactions, seems real money has gone the way of the dinosaur rather its a virtual ledger that keeps score of the flow of money (little bits of congealed power).

 

cantfocus.gif

Posted
I would like to see capitalism recognize the health of communities, the people and ecosystem, as wealth.

 

thumbs_up.gif we're so fawking liberal dood. it all has a price tag.

Posted
I love my country the way I love my family. Not because it's better than others, but because I know it. I feel comfortable disagreeing with family members and don't have to chestbeat to prove I'm a part of it. And that, my small-minded trolling fuckwad friend HRoark, is patriotism.

 

bigdrink.gif

 

I don't see why we can't have a nice discussion and debate. If you would like to call me names, let's do it in person. I have given no opinion or taken no stance in this thread.

 

Roark

Posted
Patriotism is the last refuge of scoundrels. Thomas Pane

 

He ought to know; if I remember correctly Thomas Payne WAS rather a scoundrel until he got lucky with a few printed broadsides.

Posted
Patriotism is the last refuge of scoundrels. Thomas Pane

 

He ought to know; if I remember correctly Thomas Payne WAS rather a scoundrel until he got lucky with a few printed broadsides.

Payne was a British ne'er do well who emigrated to America only one year before he wrote the pamphlet Common Sense.
Posted

"Dr. Johnson says that patriotism is 'the last refuge of a scoundrel' .

With all respect to that enlightened but inferior lexicographer,

it is the first!"

- "The Devil's Dictionary", Ambrose Bierce(sp?)

 

I think the gov't is almost completely fucked up right now, but I still get chills during the National Anthem. Anybody saying I’m not patriotic can eat my star spangled shorts.

Posted
money is not wealth

 

snaf.gif

 

 

Speaking of money, time to get back to work! Thanks for evaporating a few billable hours with me...

 

bigdrink.gif

as much as on one hand this is totaly true... it brings to mind an Everclear song "you have never had the joy of a welfare Christmas"
Posted

didn't you see the link to www.igali.com confused.gif

 

what is Canadian patriotism?

 

I was hitch hiking through New Zealand and got dropped in Paeroa around 10 PM. It was dark so I figured I'd bivi in the town park for the night. went to get dinner at a little fish n chip shop that was open. Walked in the door and someone said "you have MEC gear. Are you from Canada?".

Yes, I was. So they bought me dinner cheeburga_ron.gifthumbs_up.gif

Posted

nope...sorry. i have the attention span of a gnat and lost full attention to this thread a page or so ago.

 

hmmm...when i was in france some folks thought i was swedish and bought me a cup of coffee

Posted

hmmm...when i was in france some folks thought i was swedish and bought me a cup of coffee

that sparks intrigue in me as to what you must look like. i mean beyond 'swedish'.

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