BUBBLECONOMICS is the problem. Face it!!!!

[bit]

Alright, so what happens after we 'go broke'? Actually, is it really going broke, since we'll also be debt free?

 

[antitrust]

Quote from bit:

Alright, so what happens after we 'go broke'? Actually, is it really going broke, since we'll also be debt free?

consolidate all of the world's central banks. create new world currency. start new fiat currency pozi scheme.

they will never give up there power to create and control money without a revolution

 

[bit]

And we'll never have a revolution as long as American Idol takes precedence to the nightly news.

Cake and Theater...

 

[antitrust]

Quote from bit:

And we'll never have a revolution as long as American Idol takes precedence to the nightly news.

Cake and Theater...

I've never seen the nightly news allude to anything about where our money comes from

 

[bit]

Are you saying Murdoch & company have their own agenda?! :eek:

The problem is not only are Americans generally rather stupid, their apathetic, so long as the clicker is at hand.

 

[gnome]

Quote from bit:

Are you saying Murdoch & company have their own agenda?! :eek:

The problem is not only are Americans generally rather stupid, their apathetic, so long as the clicker is at hand.

Everybody KNOWS that... but it's overlooked when they want us to consume the goods they produce.

 

[SkilledLabor]

Quote from antitrust:



remember are pool fo money is only 11 mill. so no matter how hard you work or how smart you are 2/3 of the loans are going into default. the money supply is not there to make everybody whole.

so 2/3 of the loans will have to get new loans to cover the bad. and guess what that money is created the same way. which leads to a bigger gap. between money supply and loaned money. It's an exponential system that will keep going until it implodes

That is just not true. You have to remember that loans are paid back over time. The money supply is also changing over time. Even in the short run, lets say a year. If the velocity of money is large enough that same 11mil will be able to cover the net loan.

 

[antitrust]

Quote from SkilledLabor:

That is just not true. You have to remember that loans are paid back over time. The money supply is also changing over time. Even in the short run, lets say a year. If the velocity of money is large enough that same 11mil will be able to cover the net loan.

that's the only thing that keeps the system alive, the time gap between when money was created and when it has to be paid back

the speed in which it flows through the economy doesn't solve the problem of more dollars lent then dollars in existence
it all must go back to the lender eventually
you can't solve this mathematical conundrum by money velocity

 

[Landis82]

Quote from SkilledLabor:

That is just not true. You have to remember that loans are paid back over time. The money supply is also changing over time. Even in the short run, lets say a year. If the velocity of money is large enough that same 11mil will be able to cover the net loan.

True.
But leave it to the "Idiots of ET" to conveniently fail to mention this important fact.

 

[jueco2005]

GUYS LETS START NOW BY DIFINING "MONEY".

Our money supply has many components, some, so large that I would not consider them money as it should be.

WHAT IS MONEY??? CAN THERE BE MANY TYPES OF IT AT THE SAME TIME BASED ON LIQUIDITY??? Just like we have in m1, m2 and m3???