our govt prints all our money.if this were theft how would we survive let alone buy 150 million smart phones? what you mean is printing money but not allowing inflation is far more efficient than having gold backed currency.
It really makes me laugh to see amateurs pretending to be expert enough on monetary policy to justify expressing opinions with feigned authority.
Laugh from my ignore list please. It's a shame to have to filter out your posts, I don't wish to live in a bubble of my own comfort zone. But, if you 100% insist on derailing every thread I'm interested in discussing, not much point in keeping you around.
That's all I was asking. It would depend upon the purchaser being an individual, such as myself or another business or perhaps what is being produced might only be a component of a larger product. Let's not veer off on how I might define 'desirable' now. Did I not make myself clear? I am NOT seeking answers about WSDEs, only attempting to cease the corruption of many threads by inserting WSDE into them. That I have done often in the past, and I would most definitely do my research before risking an investment. So, from what I've gathered from you, a WSDE is much the same as an equal partnership, privately owned and operated business.
As long as blind faith by the people is kept in federal reserve notes everything is going to be hunky dory. Don't worry. Be happy.
I've done that multiple times. Create a thread with WSDE as the topic. That would be of interest to those who wish to become involved as a member of a WSDE. Primarily because your response to Longshot made a false claim about WSDEs that resulted in a topic shift. How many times must I say it? I am NOT interested in WSDE any more or less than any other form of business.I admittedly do more research/investigation of a company that I plan to consume products/services from or invest in and should one turn out to be a WSDE I would look into it. In another thread I told you I found a WSDE that produced a product that I purchase frequently and looking into it I found that the product was priced much greater than I was willing to pay. Again, a thread dedicated to WSDE would allow those with an interest in learning about how WSDEs work to resolve any and all questions, allowing other threads to resolve the questions they created about. And, you could have then posted a response to Longshot providing a link to that thread, allowing this one to return to its topic. "Debt is proof of our wealth" True or false?
We each live in a bubble of our own creation, but I find the primary problem being government encompassing all bubbles under what it creates as a vacuum. But, excellent point in the emboldened text.
I'll go one further. Money printing is an across the board wage cut by stealth. All our wages are worth less. (Except for those with inflation adjusted pay rises, like the state sector for example. Who when they stealth cut our wages, don't cut their own at the same time).
Have you created a thread with WSDE as the topic? If so I will gladly inform Longshot where to find it. This thread is based on the topic "The debt is proof of our wealth" And, the OP seems to indicate our fiat monetary system as a contributing factor. As the first responder, your post #2, you appear to ignore debt and our monetary system and claim that "capitalism is in crisis", further claiming that "capitalism is based on a system of compound growth", without any supporting proof. If the value of our currency remained constant, there would be no necessity for a business to do more than produce and sell the same amount of product year after year at a price which produced revenue to cover all its costs of operation, including wages and salaries. I think GodTom was spot on by referring to our fiat currency in the OP as a primary component to be addressed in this thread which we seem to ignore totally in how it impacts on all our lives. As the amount of our currency on the books increases, as a result of interest, the value of real property which remains finite in amount adjusts upwards. Basically that would be land, homes, collectibles, but also resources both finite and renewable which are obtained as a result of human labour, and the cost of human labour as well. In addition, the things we have available for consumption have grown vastly in number and demand. In the past life was essentially sustained by the acquisition of little more than shelter and food, whereas today everyone wants/needs a car, computer, cell phone, home appliances, ad infinitum. And our fiat monetary system, banks, and credit cards allow us to live far beyond our means consuming wants, and complain when we are unable to afford some unforeseen need that occurs. A simple question, If you bought a home in cash for $50,000 and say 20 years later after paying property taxes and costs of maintaining the home, the dollar has halved in value would you be willing to sell that home for $50,000 or $75,000? Would you be willing to sell it for $100,000? If the dollar had remained constant in value would that make a difference?
Such a remark is uncalled for, and rather childish. It's pointless to create a thread with a topic clearly shown and allow it to discuss something unrelated to the title.
Kode, In my post #106 I asked ""Debt is proof of our wealth" True or false?" Would you like to answer and perhaps comment on that?
To gain the better understanding that you seek with all your questions. You would benefit so much more. For example, in spite of your assertion of a WSDE's need for profit, it is not unusual for a WSDE to loan out excess profits to other WSDEs at zero interest. You will never hear of a capitalist business doing that aside from sales schemes by auto makers and such.
The problem isn't fiat money. That's a wise idea because basing it on a fixed amount of anything becomes difficult as the economy expands. The problem is that it's based on interest-bearing debt. There is no need for a central bank to "sell" a government its own currency. With monetary sovereignty, the US could produce the money necessary and manage the system itself. The central bank systems create a slavery system by which governments are forced to take from their citizens in the form of taxation to pay for that which every government has the ability to pay for itself through the use of its monetary sovereignty. We became slaves to the government in 1913.
I agree with what you wrote, but the last part. Why do you say we're slaves to the government and not central banks?
Because the central banks don't collect taxes. The federal government does to pay part of what we spend each year (since we run a deficit each year) and a huge amount of monthly debt interest to the Federal Reserve.
But the central banks do collect taxes through inflation. You even admit the government must pay the FED. Why should we not fear the fed and central banks? They sound like the true masters here...
They are the true masters. I just meant the federal reserve does not tax the people because it can't. The federal government does. Inflation is not a tax on the government by the federal reserve and inflation is not something set or directly controlled by the Federal Reserve (although they do work to control inflation through monetary policy and open market operations).
I can't force you to know facts you have chosen not to know, and your choice not to know a fact does not render those who identify it less credible. I try harder than you, anyway...
"Their" land?? What do you incorrectly imagine could make it "their" land in the first place but government's say-so? Are you perhaps unaware that all private land titles are based on government-issued land patents, and are conditional on the taxes being kept current? Do you dispute the fact that all landowners have purchased their land knowing that they had to pay taxes on it, and that the tax could be increased at any time without their agreement? In other words, were you thinking at some point of saying something that wasn't just absurd and misleading bloviage? Time spent fighting the greatest injustice that has ever existed is not wasted, no matter how far the day of victory. No it isn't. It is natural and universal for products of private labor, but not for many other things like human beings, the oceans, land, the sun, the atmosphere, the alphabet, knowledge, ideas, rivers, etc. <yawn> Funny that doesn't seem to have happened in Hong Kong or China, where the "libcommie" government actually DOES own all the land... Don't you ever get tired of making such a complete fool of yourself? I already told you: I sometimes get fan mail from appreciative readers. Your ineducability is not a general characteristic of human beings.
