capitalist pigs

[MMMike]

Huck, you're a big talker you better be able to back it up! Take it to the Beach! :twisted:

 

[Huck]

Huck, you're a big talker you better be able to back it up! Take it to the Beach! :twisted:

I always do, and proved it in the last 6 days

 

[I think not]

Don't be hard on him MMMike, he learned all his economics through Wikipedia.

 

[Huck]

Don't be hard on him MMMike, he learned all his economics through Wikipedia.

This is not relevant to the topic. Facts is toro impresses you with bullshit, but you are not smart enough to check him. I shall be there to ensure he stops saying phony stuff. You should in fact thank me.

 

[TenPenny]

Re: RE: capitalist pigs

"The sun rises in the east."

C'mon Huck, tell me that I'm wrong!

The sun doesn't rise; the earth rotates around the sun.

 

[Huck]

Re: RE: capitalist pigs

"The sun rises in the east."

C'mon Huck, tell me that I'm wrong!

The sun doesn't rise; the earth rotates around the sun.

Hehe, true. Plus, this is only relative to earth. On other planets, it could be anything else...

 

[Toro]

Abusing people's ignorance is a severe crime

Well, when it comes to you, I should be locked away for life then, eh?

 

[Huck]

Abusing people's ignorance is a severe crime

Well, when it comes to you, I should be locked away for life then, eh?

Torito, what i say is simple: say stuff that is sound and right, and you wont hear from me again.

 

[I think not]

Don't be hard on him MMMike, he learned all his economics through Wikipedia.

This is not relevant to the topic. Facts is toro impresses you with bullshit, but you are not smart enough to check him. I shall be there to ensure he stops saying phony stuff. You should in fact thank me.

And why should I believe you Huck? Is there any particular reason? You are th eone that said the US government can print money out of thin air, not Toro, you are the one that said USD are destroyed and replaced by local currency, not Toro. And I have seen Toro debate on other forums with people that have a grasp of economics and in no way ever claimed the high ground you are claiming. If anyone needs to prove themself around here, it's YOU.

 

[Huck]

Don't be hard on him MMMike, he learned all his economics through Wikipedia.

This is not relevant to the topic. Facts is toro impresses you with bullshit, but you are not smart enough to check him. I shall be there to ensure he stops saying phony stuff. You should in fact thank me.

And why should I believe you Huck? Is there any particular reason? You are th eone that said the US government can print money out of thin air, not Toro, you are the one that said USD are destroyed and replaced by local currency, not Toro. And I have seen Toro debate on other forums with people that have a grasp of economics and in no way ever claimed the high ground you are claiming. If anyone needs to prove themself around here, it's YOU.

I can not blame you for not understanding complex concepts. But, before writing what you jsut did, you should study the matter and understand it.

Me, what i did is fair and square: I give you facts, the thought process and ask you to make your own mind. I even provide you explanations. Of course, you are free to check ALL the facts by yourself. How can it be more honnest?

 

[Huck]

So, torito, i shall apply the same protocol to you. Hope you can stand the scientific process.. :twisted:

 

[I think not]

I can not blame you for not understanding complex concepts.

Well in that one sentance you have proven to be nothing but self-centered, presumably only you can grasp "complex mechanisms". Go fly a kite Huck, you've lost credibility.

But, before writing what you jsut did, you should study the matter and understand it.

That's the problem, I can't f*ckin understand what you're talking about. Money being printed out of thin air?!?! Are you nuts?

Me, what i did is fair and square: I give you facts, the thought process and ask you to make your own mind. I even provide you explanations. Of course, you are free to check ALL the facts by yourself. How can it be more honnest?

What you did is quote Wikipedia and assemble a "model", that's ALL you did, nothing more, except of course pat yourself on the back for a job well done.....not.

 

[Huck]

Torito, since you are an ecomonist, you will know this:


do countries print money?

 

[Huck]

There i go again, helping the helpless...

Money supply

Main article: Money supply

The money supply is the amount of money available within a specific economy available for purchasing goods or services. The supply is usually considered as four escalating categories M0, M1, M2 and M3. The categories grow in size with M3 representing all forms of money (including credit) and M0 being just base money (coins, bills, and central bank deposits). M0 is also money that can satisfy private banks' reserve requirements. In the United States, the Federal Reserve is responsible for controlling the money supply (monetary policy).
[edit]

Growing the money supply

Historically money was a metal (gold, silver, etc,) or other object that was difficult to duplicate, but easy to transport and divide. Later it consisted of paper notes, now issued by all modern governments. With the rise of modern industrial capitalism it has gone through several phases including but not limited to:

1. Bank notes - paper issued by banks as an interest-bearing loan. (These were common in the 19th century but not seen anymore.)
2. Paper notes, coins with varying amounts of precious metal (usually called legal tender) issued by various governments. There is also a near-money in the form of interest bearing bonds issued by governments with solid credit ratings.
3. Bank credit through the creation of chequable deposits in the granting of various loans to business, government and individuals. (It is critical that we understand that when a bank makes a loan, that is new money and when a loan is paid off that money is destroyed. Only the interest paid on it remains.)

Thus, all debt denominated in dollars -- mortgages, money markets, credit card debt, travelers cheques -- is money. However, the creation of dollar-denominated debt (or any generic obligation) only creates money when a bank (as opposed to a credit card company) is granting the debt. "High powered" money (M0) is created when the elected government spends money into the economy. The money created in the bank loan process is bank money and these two forms of money trade at par one with the other. Banks are limited in the amount of loans they can grant and thus in the amount of bank money (credit) they can create by both the net assets of the bank and by reserve requirements (M0). For most intents and purposes the aggregate of M0 multiplied by the reserve requirement will be an indicator of (but this is somewhat greater than) the aggregate of loans. If additional money is needed in the banking system to allow more loans the Federal Reserve will create money by purchasing Bonds or T-bills with money created from the other. No matter who sells the bonds the money will end up in the banking system as M0. The Fed could purchase lolly pops if that would accomplish the purpose of expansion better than a purchase of Bonds.

http://en.wikipedia.org/wiki/Money

you dont have to trust me, but don't go calling yourself free minded...

 

[I think not]

Torito, since you are an ecomonist, you will know this:


do countries print money?

The Nobel Prize winner Huck said:

The USA, because it is the creator of the money, can print and create out of thin air the required funds to buy the goods.

Good job Huck, I'll call the White House and have them print all the money they need to buy goods for the poor people, gee why haven't we ever thought of that before.

 

[Huck]

Yup, there you go simple minded. Let me ask you ITN:

How do you think 70% of the world reserve money got to be USDs? where does this new money come from??

(200 years ago, im sure there wasn't trillions of USDs circulating the planet. How did these new dollars appear?)

 

[Huck]

Im begining to believe you guys are not worth the effort. You dont want to know the truth, you want to live in a fairy tale; and you will fight to protect it despite any rational thinking. You dont want to get out of the matrix, your current world suits you just fine.

its good with me, it is said taht 80% of the population is not fit to understand the real world, lies need to be made for them to keep their world simple, so they can continue living and obeying orders.

true power and klnowledge is only for a select few...

 

[I think not]

true power and klnowledge is only for a select few...

And you are one of them I suppose? :roll:

 

[I think not]

Yup, there you go simple minded. Let me ask you ITN:

How do you think 70% of the world reserve money got to be USDs? where does this new money come from??

(200 years ago, im sure there wasn't trillions of USDs circulating the planet. How did these new dollars appear?)

Why do we even pay taxes Huck? What's the point of paying taxes when we can arbitrarily print money? How did we get around not causing enormous inflation?

 

[Huck]

true power and klnowledge is only for a select few...

And you are one of them I suppose? :roll:

It is anyone who will try to improve his life and knowledge. Anyone who will identify the lies by himself and gain the priviledge of independent thought.