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The World Need A New International Income Wage Index Based On Price Of Silver, Gold



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The World Need A New International Income Wage Index Based On Price Of Silver, Gold27-09-2020 03:08
Endtime
☆☆☆☆☆
(4)
The World Need A New International Income Wage Index Based On Price Of Silver, Gold

Why use US Dollar or Euro when come to GDP, minimum wage, income for the international database index ?!
It is a completely outdated and flaws.

Now you need a brand new international income/wage/salary index based on price of silver, gold in each nation to compare society life between nations.

You should compare the top the most expensive city or the capital city of each nations.
GDP number are worthless and not the real number in many nations.

The only real number you should get is minimum wage per hour or the average wage.
How much money/income is enough to "survive" to "live" in that capital city.

The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.


That is the fastest way to know the truth of life in all nations.

Best Regard,
The Savior

Source: freejoy.aimoo.com
27-09-2020 03:57
HarveyH55
★★★★★
(2533)
Socialism is devil-worship talk. There should be no minimal wage. People don't have to work for a bowl of rice, but a business can't run without employees. A business will pay, what it takes to attract and retain employees. Competing businesses, will offer employees a better deal. Each individual, is free to choose he work, that provides the income they want, or need. Their choice, might require they obtain education or training, to qualify. Do you really think the burrito roller at Taco Bell should get paid the same wage as the President of the United States? Basically the same qualifications...
27-09-2020 19:57
Spongy Iris
★★☆☆☆
(179)
Endtime wrote:
The World Need A New International Income Wage Index Based On Price Of Silver, Gold

Why use US Dollar or Euro when come to GDP, minimum wage, income for the international database index ?!
It is a completely outdated and flaws.

Now you need a brand new international income/wage/salary index based on price of silver, gold in each nation to compare society life between nations.

You should compare the top the most expensive city or the capital city of each nations.
GDP number are worthless and not the real number in many nations.

The only real number you should get is minimum wage per hour or the average wage.
How much money/income is enough to "survive" to "live" in that capital city.

The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.


That is the fastest way to know the truth of life in all nations.

Best Regard,
The Savior

Source: freejoy.aimoo.com


If all wages are equal, there would be no inflation.

If there is no inflation, banks cannot be profitable. They would be out of business.

If there are no banks, how would money be created?
27-09-2020 21:47
IBdaMannProfile picture★★★★★
(7514)
Endtime wrote:The World Need A New International Income Wage Index Based On Price Of Silver, Gold

As long as there are multiple currencies in the world it is folly to tie an entire currency to a single commodity. All currencies devalue when a subset of nations decrease demand for that commodity.

Endtime wrote:The only real number you should get is minimum wage per hour or the average wage.

The only real number is an artifical and unfunded mandate that violates market forces?

Endtime wrote: How much money/income is enough to "survive" to "live" in that capital city.

$200 Million annual salary is probably enough. Let me check with GasGuzzler.

Endtime wrote:The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.

Did you just describe a "standard" that each person adjusts to his own preference?

Endtime wrote:That is the fastest way to know the truth of life in all nations.

You assured me that you would not divulge these secrets to me if I did not get onboard by 16 September. What's going on?

Endtime wrote:Best Regard, The Savior

Your name is Salvador, isn't it? English is not your first language, is it?

Ask me how I know.


.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
27-09-2020 23:06
GasGuzzlerProfile picture★★★★☆
(1828)
IBdaMann wrote:
$200 Million annual salary is probably enough. Let me check with GasGuzzler.

I checked with keepit and was told I needed to survive on 1/2 of that. $100 million it is.


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
28-09-2020 15:59
IBdaMannProfile picture★★★★★
(7514)
GasGuzzler wrote:
IBdaMann wrote:
$200 Million annual salary is probably enough. Let me check with GasGuzzler.

I checked with keepit and was told I needed to survive on 1/2 of that. $100 million it is.

I presume there will be annual cost of living increases plus an additional separate monthly business stipend. It wouldn't make sense otherwise.

.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
28-09-2020 16:53
GasGuzzlerProfile picture★★★★☆
(1828)
IBdaMann wrote:
GasGuzzler wrote:
IBdaMann wrote:
$200 Million annual salary is probably enough. Let me check with GasGuzzler.

I checked with keepit and was told I needed to survive on 1/2 of that. $100 million it is.

I presume there will be annual cost of living increases plus an additional separate monthly business stipend. It wouldn't make sense otherwise.

.

EXACTLY why I'm voting for Biden. The cost of living increases will be HUGE


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
28-09-2020 21:00
Into the NightProfile picture★★★★★
(13468)
Endtime wrote:
The World Need A New International Income Wage Index Based On Price Of Silver, Gold

Why use US Dollar or Euro when come to GDP, minimum wage, income for the international database index ?!
It is a completely outdated and flaws.

Now you need a brand new international income/wage/salary index based on price of silver, gold in each nation to compare society life between nations.

You should compare the top the most expensive city or the capital city of each nations.
GDP number are worthless and not the real number in many nations.

The only real number you should get is minimum wage per hour or the average wage.
How much money/income is enough to "survive" to "live" in that capital city.

The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.


That is the fastest way to know the truth of life in all nations.

Best Regard,
The Savior

Source: freejoy.aimoo.com

Price controls never work. Socialism never works. It just brings misery. It is theft of wealth.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
28-09-2020 21:02
Into the NightProfile picture★★★★★
(13468)
Spongy Iris wrote:
Endtime wrote:
The World Need A New International Income Wage Index Based On Price Of Silver, Gold

Why use US Dollar or Euro when come to GDP, minimum wage, income for the international database index ?!
It is a completely outdated and flaws.

Now you need a brand new international income/wage/salary index based on price of silver, gold in each nation to compare society life between nations.

You should compare the top the most expensive city or the capital city of each nations.
GDP number are worthless and not the real number in many nations.

The only real number you should get is minimum wage per hour or the average wage.
How much money/income is enough to "survive" to "live" in that capital city.

The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.


That is the fastest way to know the truth of life in all nations.

Best Regard,
The Savior

Source: freejoy.aimoo.com


If all wages are equal, there would be no inflation.

If there is no inflation, banks cannot be profitable. They would be out of business.

If there are no banks, how would money be created?


Money is not wealth. Wealth is wealth. It's the products and services produced by companies and individuals that is wealth. Money is only a medium. The people themselves what they want to use for that medium. No government can stop that.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
29-09-2020 18:41
Spongy Iris
★★☆☆☆
(179)
Into the Night wrote:
Spongy Iris wrote:
Endtime wrote:
The World Need A New International Income Wage Index Based On Price Of Silver, Gold

Why use US Dollar or Euro when come to GDP, minimum wage, income for the international database index ?!
It is a completely outdated and flaws.

Now you need a brand new international income/wage/salary index based on price of silver, gold in each nation to compare society life between nations.

You should compare the top the most expensive city or the capital city of each nations.
GDP number are worthless and not the real number in many nations.

The only real number you should get is minimum wage per hour or the average wage.
How much money/income is enough to "survive" to "live" in that capital city.

The new index will be used to compare between various nations and have the most neutral view and maybe as a "tariff or fair living tax" formula depend your own thinking.


That is the fastest way to know the truth of life in all nations.

Best Regard,
The Savior

Source: freejoy.aimoo.com


If all wages are equal, there would be no inflation.

If there is no inflation, banks cannot be profitable. They would be out of business.

If there are no banks, how would money be created?


Money is not wealth. Wealth is wealth. It's the products and services produced by companies and individuals that is wealth. Money is only a medium. The people themselves what they want to use for that medium. No government can stop that.


Apparently The Parrot Killer is an advocate of a whole barter exchange system... Who knew?
29-09-2020 23:17
GasGuzzlerProfile picture★★★★☆
(1828)
You may have a lot of buying power with large amounts of money, but it's not wealth. Parrot Killer is dead right. Money is only the medium between person and wealth.
29-09-2020 23:44
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:
You may have a lot of buying power with large amounts of money, but it's not wealth. Parrot Killer is dead right. Money is only the medium between person and wealth.


Parrot Killer is dead??? Are you guys friends?
30-09-2020 00:00
GasGuzzlerProfile picture★★★★☆
(1828)
He's very much alive. Are you typically that annoyed by dead people?

I've never met the Parrot Killer, but yeah I'd consider him a friend. He's alway willing to help out where he can...which is nearly everywhere.
30-09-2020 00:13
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:
He's very much alive. Are you typically that annoyed by dead people?

I've never met the Parrot Killer, but yeah I'd consider him a friend. He's alway willing to help out where he can...which is nearly everywhere.


I found it odd you said "Parrot Killer is dead right." Why would you say that???
30-09-2020 00:32
GasGuzzlerProfile picture★★★★☆
(1828)
I forgot ur across the pond. It's an expression we use. Dead right mean exactly right. Dead level means exactly level...and so on.
30-09-2020 00:54
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:
I forgot ur across the pond. It's an expression we use. Dead right mean exactly right. Dead level means exactly level...and so on.


Oh ok. I've heard "dead wrong" and "dead on."

His argument was Slightly Off Topic Comment (SOTC).

It went like this:

Q Anon said, we need to have fair wages.

I said fair wages would put all banks out of business, so how would we get money into circulation?

And Parrot Killer said money isn't wealth.

Sounds kinda like an argument for whole barter...

Let's see how our good friend chimes in...
30-09-2020 02:26
IBdaMannProfile picture★★★★★
(7514)
GasGuzzler wrote: I forgot ur across the pond. It's an expression we use. Dead right mean exactly right. Dead level means exactly level...and so on.

It's like the phrase "He's a dead man!" It means "Now there's a real man."

... or "He's a dead ringer for Messi." It means instead of playing Messi they are putting in a ringer.

Wait! I might be mistaken on those, let me look them up just to be sure.

Spongy Iris wrote: Q Anon said, we need to have fair wages.

Well that's pretty specific. It was nice of Q Anon to exhaustively list the details.

Spongy Iris wrote:I said fair wages would put all banks out of business,

Because no banking system can survive the affliction of fair wages in society. We know this because the biggest and most successful banking empires existed back in the caveman days when there were absolutely no fair wages at all to keep the banks down. Then, the very first bill Obama signed was the Lilly Ledbetter Fair Pay Restoration Act and the banks have not stopped failing since because of it:

2009 Colonial Bank Montgomery Alabama $25 billion
2009 FBOP Corp banking subsidiaries Oak Park Illinois $18.4 billion
2009 Guaranty Bank Austin Texas $13.0 billion
2009 BankUnited FSB Coral Gables Florida $12.8 billion
2009 AmTrust Bank Cleveland Ohio $12.0 billion
2009 United Commercial Bank San Francisco California $11.2 billion
2009 California National Bank Los Angeles California $7.8 billion
2009 Corus Bank Chicago Illinois $7.0 billion
2009 First Federal Bank of California Santa Monica California $6.1 billion
2009 Silverton Bank Atlanta Georgia $4.1 billion
2009 Imperial Capital Bank La Jolla California $4.0 billion
2009 Irwin Union Bank and Trust Colorado. Columbus Indiana $2.7 billion
2009 Orion Bank Naples Florida $2.7 billion
2009 New Frontier Bank Greeley Colorado $2.0 billion
2009 Georgian Bank Atlanta Georgia $2.0 billion
2009 Vineyard Bank Rancho Cucamonga California $1.9 billion
2009 Peoples First Community Bank Panama City Florida $1.8 billion
2009 County Bank Merced California $1.7 billion
2009 Mutual Bank Harvey Illinois $1.6 billion
2009 Community Bank of Nevada Las Vegas Nevada $1.5 billion
2009 First Bank of Beverly Hills Calabasas California $1.5 billion
2009 Temecula Valley Bank Temecula California $1.5 billion
2009 New South Federal Savings Bank Irondale Alabama $1.5 billion
2009 Security Bank of Bibb County Macon Georgia $1.2 billion
2009 Alliance Bank Culver City California $1.1 billion
2009 Affinity Bank Ventura California $1.0 billion
2010 WesternBank Mayaguez Puerto Rico $11.9 billion
2010 R-G Premier Bank of Puerto Rico Hato Rey Puerto Rico $5.9 billion
2010 La Jolla Bank La Jolla California $3.6 billion
2010 Frontier Bank Everett Washington $3.5 billion
2010 Amcore Bank Rockford Illinois $3.4 billion
2010 Riverside National Bank of Florida Fort Pierce Florida $3.4 billion
2010 Midwest Bank and Trust Company Elmwood Park Illinois $3.2 billion
2010 TierOne Bank Lincoln Nebraska $2.8 billion
2010 EuroBank San Juan Puerto Rico $2.6 billion
2010 First Regional Bank Los Angeles California $2.1 billion
2010 ShoreBank Chicago Illinois $2.1 billion
2010 Hillcrest Bank Overland Park Kansas $1.6 billion
2010 Advanta Bank Corp. Draper Utah $1.6 billion
2010 CF Bancorp Port Huron Michigan $1.6 billion
2010 Horizon Bank Bellingham Washington $1.3 billion
2010 Premier Bank Jefferson City, Missouri Missouri $1.2 billion
2010 Broadway Bank Chicago Illinois $1.2 billion
2010 Charter Bank Santa Fe New Mexico $1.2 billion
2010 City Bank Lynnwood, Washington Washington $1.1 billion
2010 Columbia River Bank The Dalles Oregon $1.1 billion
2010 Community Bank and Trust Cornelia Georgia $1.1 billion
2010 Appalachian Community Bank Ellijay Georgia $1.0 billion
2011 Superior Bank Birmingham Alabama $3.0 billion
2011 First Community Bank Taos New Mexico $2.3 billion
2011 Integra Bank, N.A. Evansville Indiana $2.2 billion
2011 Community Banks of Colorado Greenwood Colorado $1.4 billion
2013 First National Bank, National Bank of El Paso Edinburg Texas $3.1 billion
2015 Doral Bank San Juan Puerto Rico $5.9 billion

Whoever conceived of this "fair pay" idea should be shot, if for no other reason than as banking climate justice for all those bankers who spent all those years and all that effort properly managing their finances only to have fair pay undermine them at every turn.

Spongy Iris wrote: ... so how would we get money into circulation?

Would you agree that if the Federal Reserve officially declared that you have one dollar in your account with them, that you have at least $1.

Spongy Iris wrote:And Parrot Killer said money isn't wealth.

Money is a matter of faith. US dollars are backed by the full faith of the US Federal government.

.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
30-09-2020 03:44
Spongy Iris
★★☆☆☆
(179)
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Without inflation, banking is not a viable business.

Inequality causes inflation.

Inflation will eventually cause most people to default on their debt.

When inflation reaches a maximum peak, then there becomes deflation.

Money is created when banks issue loans to businesses and individuals.
30-09-2020 04:37
HarveyH55
★★★★★
(2533)
'Living Wage', is a socialist dream. It make no sense to me. Crappy, unskilled labor jobs aren't what most people would consider careers. They are jobs people take, when they can't find anything better, or waiting for an opening at their dream job. These are jobs people pick up, when they need some extra income. Most of these people taking those jobs, are trying to raise a family of that income. What we are going to get, is high prices on goods and services. Prices are set, but what people are willing to pay. Some people will get paid more, but all of us will end up paying more for goods and services. We will still have the same situation, a man still won't be able to provide for a family, working for minimal wage, regardless of how much they keep raising it. There will be fewer job opportunities, businesses would be further pressed to reduce operating costs. A living wage, is an attempt to turn crappy jobs into careers, which would also have employees feeling entitled to costly benefits as well.
30-09-2020 13:29
Into the NightProfile picture★★★★★
(13468)
Spongy Iris wrote:
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Because the banks making stupid loans caused the failures, which caused the deflation
Spongy Iris wrote:
Without inflation, banking is not a viable business.

Irrelevant. Makes no difference.
Spongy Iris wrote:
Inequality causes inflation.

WRONG. Printing money faster then the wealth being created causes inflation
Spongy Iris wrote:
Inflation will eventually cause most people to default on their debt.

WRONG. Inflation make is easier to pay a debt. You are paying it with empty dollars.
Spongy Iris wrote:
When inflation reaches a maximum peak, then there becomes deflation.

WRONG. One does not cause the other.
Spongy Iris wrote:
Money is created when banks issue loans to businesses and individuals.

That's why they call it a fractional reserve system.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
30-09-2020 20:49
Spongy Iris
★★☆☆☆
(179)
Into the Night wrote:
Spongy Iris wrote:
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Because the banks making stupid loans caused the failures, which caused the deflation
Spongy Iris wrote:
Without inflation, banking is not a viable business.

Irrelevant. Makes no difference.
Spongy Iris wrote:
Inequality causes inflation.

WRONG. Printing money faster then the wealth being created causes inflation
Spongy Iris wrote:
Inflation will eventually cause most people to default on their debt.

WRONG. Inflation make is easier to pay a debt. You are paying it with empty dollars.
Spongy Iris wrote:
When inflation reaches a maximum peak, then there becomes deflation.

WRONG. One does not cause the other.
Spongy Iris wrote:
Money is created when banks issue loans to businesses and individuals.

That's why they call it a fractional reserve system.


Inequality is the root cause of inflation. Denying this is wrong.

Most people cannot continually to take on more debt, to pay off their existing debts. They will max out. The US Treasury does that. But eventually they will repudiate their debt or default too

Let me spell out for you.

Say there is a small community of 4 families, and each family does 1 of 4 specialties:

T: Tools

U: Utilities

H: Housing

F: Food

and say each family needs to sell units of 100 per month to the other 3 families, each family earning 300;

and each family needs to buy from 3 other families, to procure all the necessary items for the 4 families to thrive better together, each family spending 300.

T sells 300 to UHF; T buys 300 from UHF;

U sells 300 to THF; U buys 300 from THF;

H sells 300 to TUF; H buys 300 from TUF;

F sells 300 to TUH; F buys 300 from TUH;

300 minus 300 is 0.

The above explanation shows how money is a means to measure barter between groups and individuals. There is no inflation in this example because all 4 families split their money equally.

But in reality people don't share money equally.

In order for few people to have a lot of extra money, many people must operate with not quite enough money.

Say there are 1,000 people in a workforce.

$300 is the price for each person to buy what they need in 1 year.

By year end, $300,000 is spent and $300,000 is earned.

But the management class takes the lion's share of the available earnings

100 people get paid $450 per year.

900 people get paid $283.33 per year.

900 people need an extra $16.67 by year end.

100 people have an extra $150 by year end.

(Also consider, money originally gets put into circulation as a loan from a bank, to businesses, and to individuals, as a principal amount, and the bank will try to collect the principal amount plus interest.)

At the end of the year there is savings of $15,000 and a deficit of $15,000

The 900 people will need to get credit cards, mortgages, or other loans to cover their expenses of $300.

If the 100 people spend all their $450 in the course of the year, and all else is constant, there is $315,000 spent, and it will then take $315 for everybody to buy what they need.

The net prices of everything people need will have risen 5% in the course of the year.

After so many years of this, when the loans cannot be repaid, more loans can be made to cover the shortfall, or loans can default, or the debt can be repudiated.

For deflation to occur, loans can default, or debt can be repudiated.

This is a simplified abstract explanation to show what happens in reality.
30-09-2020 21:15
Into the NightProfile picture★★★★★
(13468)
Spongy Iris wrote:
Into the Night wrote:
Spongy Iris wrote:
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Because the banks making stupid loans caused the failures, which caused the deflation
Spongy Iris wrote:
Without inflation, banking is not a viable business.

Irrelevant. Makes no difference.
Spongy Iris wrote:
Inequality causes inflation.

WRONG. Printing money faster then the wealth being created causes inflation
Spongy Iris wrote:
Inflation will eventually cause most people to default on their debt.

WRONG. Inflation make is easier to pay a debt. You are paying it with empty dollars.
Spongy Iris wrote:
When inflation reaches a maximum peak, then there becomes deflation.

WRONG. One does not cause the other.
Spongy Iris wrote:
Money is created when banks issue loans to businesses and individuals.

That's why they call it a fractional reserve system.


Inequality is the root cause of inflation. Denying this is wrong.

Nope. Printing money faster than the rate that wealth is being created causes inflation. Nothing else.
Spongy Iris wrote:
Most people cannot continually to take on more debt, to pay off their existing debts.

True of the government also.
Spongy Iris wrote:
They will max out.

Also true of the government. A bad way to run things.
Spongy Iris wrote:
The US Treasury does that.

No. The U.S. government, many States, and many private individuals do that.
Spongy Iris wrote:
But eventually they will repudiate their debt or default too

Duplication. Repudiating their debt IS defaulting on it.
Spongy Iris wrote:
Let me spell out for you.
...deleted contrivance...
After so many years of this, when the loans cannot be repaid, more loans can be made to cover the shortfall, or loans can default, or the debt can be repudiated.

No. Loans cannot cover a default. You can't get loans when you are bankrupt.
Spongy Iris wrote:
For deflation to occur, loans can default, or debt can be repudiated.

Same thing. Duplication.
Spongy Iris wrote:
This is a simplified abstract explanation to show what happens in reality.

No, it's a contrivance that does not show anything.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
30-09-2020 21:25
Spongy Iris
★★☆☆☆
(179)
Into the Night wrote:
Spongy Iris wrote:
Into the Night wrote:
Spongy Iris wrote:
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Because the banks making stupid loans caused the failures, which caused the deflation
Spongy Iris wrote:
Without inflation, banking is not a viable business.

Irrelevant. Makes no difference.
Spongy Iris wrote:
Inequality causes inflation.

WRONG. Printing money faster then the wealth being created causes inflation
Spongy Iris wrote:
Inflation will eventually cause most people to default on their debt.

WRONG. Inflation make is easier to pay a debt. You are paying it with empty dollars.
Spongy Iris wrote:
When inflation reaches a maximum peak, then there becomes deflation.

WRONG. One does not cause the other.
Spongy Iris wrote:
Money is created when banks issue loans to businesses and individuals.

That's why they call it a fractional reserve system.


Inequality is the root cause of inflation. Denying this is wrong.

Nope. Printing money faster than the rate that wealth is being created causes inflation. Nothing else.
Spongy Iris wrote:
Most people cannot continually to take on more debt, to pay off their existing debts.

True of the government also.
Spongy Iris wrote:
They will max out.

Also true of the government. A bad way to run things.
Spongy Iris wrote:
The US Treasury does that.

No. The U.S. government, many States, and many private individuals do that.
Spongy Iris wrote:
But eventually they will repudiate their debt or default too

Duplication. Repudiating their debt IS defaulting on it.
Spongy Iris wrote:
Let me spell out for you.
...deleted contrivance...
After so many years of this, when the loans cannot be repaid, more loans can be made to cover the shortfall, or loans can default, or the debt can be repudiated.

No. Loans cannot cover a default. You can't get loans when you are bankrupt.
Spongy Iris wrote:
For deflation to occur, loans can default, or debt can be repudiated.

Same thing. Duplication.
Spongy Iris wrote:
This is a simplified abstract explanation to show what happens in reality.

No, it's a contrivance that does not show anything.


Printing money faster than wealth is created is the result of inequality.

You are skipping over the root cause. You may as well just say inflation causes inflation. That is how useless your comment is.
30-09-2020 21:40
GasGuzzlerProfile picture★★★★☆
(1828)
Spongy Iris wrote:
Into the Night wrote:
Spongy Iris wrote:
Into the Night wrote:
Spongy Iris wrote:
Ibdm,

The failure of most of those banks coincides with the brief period of deflation in fall 2008 thru winter 2009.

Because the banks making stupid loans caused the failures, which caused the deflation
Spongy Iris wrote:
Without inflation, banking is not a viable business.

Irrelevant. Makes no difference.
Spongy Iris wrote:
Inequality causes inflation.

WRONG. Printing money faster then the wealth being created causes inflation
Spongy Iris wrote:
Inflation will eventually cause most people to default on their debt.

WRONG. Inflation make is easier to pay a debt. You are paying it with empty dollars.
Spongy Iris wrote:
When inflation reaches a maximum peak, then there becomes deflation.

WRONG. One does not cause the other.
Spongy Iris wrote:
Money is created when banks issue loans to businesses and individuals.

That's why they call it a fractional reserve system.


Inequality is the root cause of inflation. Denying this is wrong.

Nope. Printing money faster than the rate that wealth is being created causes inflation. Nothing else.
Spongy Iris wrote:
Most people cannot continually to take on more debt, to pay off their existing debts.

True of the government also.
Spongy Iris wrote:
They will max out.

Also true of the government. A bad way to run things.
Spongy Iris wrote:
The US Treasury does that.

No. The U.S. government, many States, and many private individuals do that.
Spongy Iris wrote:
But eventually they will repudiate their debt or default too

Duplication. Repudiating their debt IS defaulting on it.
Spongy Iris wrote:
Let me spell out for you.
...deleted contrivance...
After so many years of this, when the loans cannot be repaid, more loans can be made to cover the shortfall, or loans can default, or the debt can be repudiated.

No. Loans cannot cover a default. You can't get loans when you are bankrupt.
Spongy Iris wrote:
For deflation to occur, loans can default, or debt can be repudiated.

Same thing. Duplication.
Spongy Iris wrote:
This is a simplified abstract explanation to show what happens in reality.

No, it's a contrivance that does not show anything.


Printing money faster than wealth is created is the result of inequality.

You are skipping over the root cause. You may as well just say inflation causes inflation. That is how useless your comment is.

In what F'd up world do you live in where all goods and services are equal?


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
30-09-2020 22:16
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:

In what F'd up world do you live in where all goods and services are equal?


The discussion has been about wage inequality and how that is the root cause of inflation.
30-09-2020 22:25
GasGuzzlerProfile picture★★★★☆
(1828)
In your example, goods were being sold for income. That is called wages, where I live.
Another way to get wages is by work. That is called a service, where I live.

Again, what F'd up world do you live in where all goods and services are equal?
30-09-2020 23:50
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:
In your example, goods were being sold for income. That is called wages, where I live.
Another way to get wages is by work. That is called a service, where I live.

Again, what F'd up world do you live in where all goods and services are equal?


No such world.

I believe whole barter would be a better world, but I don't believe that is going to happen anytime soon. Let's see...
01-10-2020 00:27
keepit
★★★★☆
(1704)
It seems to me barter would be ineffcient.
01-10-2020 00:44
Spongy Iris
★★☆☆☆
(179)
keepit wrote:
It seems to me barter would be ineffcient.


Imo: Not if people had an order to society figured out. If people had an order to society figured out, there would be no need for money.
01-10-2020 01:33
GasGuzzlerProfile picture★★★★☆
(1828)
Spongy Iris wrote:
GasGuzzler wrote:
In your example, goods were being sold for income. That is called wages, where I live.
Another way to get wages is by work. That is called a service, where I live.

Again, what F'd up world do you live in where all goods and services are equal?


No such world.

I believe whole barter would be a better world, but I don't believe that is going to happen anytime soon. Let's see...

Barter with what?! Loaves of bread?

....mmmm, I see Samsung is up 4 1/2 slices to 8 loaves 7 slices, but down from it's high of 14 loaves 3 slices whole wheat.

WTF?! Do you think ANYTHING through?


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
01-10-2020 03:19
HarveyH55
★★★★★
(2533)
If I worked all week on a chicken farm, should my wages be paid in chickens, or eggs? How often could I run into town, and buy a beer, with my wages? Chickens die, eggs spoil, so after pay day, how long would I have to find goods or services, to exchange my wages for something I need, or something that wouldn't de-valuate so quickly? Since the chicken farm, would be a business, most of the people in the area, would likely be getting the chickens and eggs from the farm, at a fair price. The chickens or eggs you get paid with, would hav a limited buying power, pretty worthless, if nobody wants or needs them.
01-10-2020 03:49
Spongy Iris
★★☆☆☆
(179)
Harvey and Gas,

Why do we need to assign a price to every single item?

Is it not sufficient enough to know this following data?

1. Supply quantity of all items
2. Demand quantity of all items
3. How much of these quantities each company supplies each other

Why do we need money to figure this out?

Perhaps you can help me understand...
01-10-2020 05:11
GasGuzzlerProfile picture★★★★☆
(1828)
Spongy Iris wrote:
Harvey and Gas,

Why do we need to assign a price to every single item?

Is it not sufficient enough to know this following data?

1. Supply quantity of all items
2. Demand quantity of all items
3. How much of these quantities each company supplies each other

Why do we need money to figure this out?

Perhaps you can help me understand...


I can't believe I'm even wasting time entertaining this shit show...

Scenario 1. The grocery store wants to buy computers. How many tomatoes does Hewlett Packard need to accept as payment in full for 3 laptops?

Scenario 2. The florist needs to buy ammunition for a fun company outing at the rifle range. How many rose bushes are fair trade for 8,000 rounds of .223?

Scenario 3. The school needs to pay for their dumpster service. How many students should they leave in the dumpster as fair trade for services?

Dude, what the phuk am I missing??!!


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
Edited on 01-10-2020 05:14
01-10-2020 05:57
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:
Spongy Iris wrote:
Harvey and Gas,

Why do we need to assign a price to every single item?

Is it not sufficient enough to know this following data?

1. Supply quantity of all items
2. Demand quantity of all items
3. How much of these quantities each company supplies each other

Why do we need money to figure this out?

Perhaps you can help me understand...


I can't believe I'm even wasting time entertaining this shit show...

Scenario 1. The grocery store wants to buy computers. How many tomatoes does Hewlett Packard need to accept as payment in full for 3 laptops?

Scenario 2. The florist needs to buy ammunition for a fun company outing at the rifle range. How many rose bushes are fair trade for 8,000 rounds of .223?

Scenario 3. The school needs to pay for their dumpster service. How many students should they leave in the dumpster as fair trade for services?

Dude, what the phuk am I missing??!!


It seems to me you're missing the whole point.

If people are giving their skills to the production or maintenance of an economy, why don't they have the freedom to take what they need in return, for themselves and their families, without the medium of money?
01-10-2020 06:54
GasGuzzlerProfile picture★★★★☆
(1828)
Spongy Iris wrote:
GasGuzzler wrote:
Spongy Iris wrote:
Harvey and Gas,

Why do we need to assign a price to every single item?

Is it not sufficient enough to know this following data?

1. Supply quantity of all items
2. Demand quantity of all items
3. How much of these quantities each company supplies each other

Why do we need money to figure this out?

Perhaps you can help me understand...


I can't believe I'm even wasting time entertaining this shit show...

Scenario 1. The grocery store wants to buy computers. How many tomatoes does Hewlett Packard need to accept as payment in full for 3 laptops?

Scenario 2. The florist needs to buy ammunition for a fun company outing at the rifle range. How many rose bushes are fair trade for 8,000 rounds of .223?

Scenario 3. The school needs to pay for their dumpster service. How many students should they leave in the dumpster as fair trade for services?

Dude, what the phuk am I missing??!!


It seems to me you're missing the whole point.

If people are giving their skills to the production or maintenance of an economy, why don't they have the freedom to take what they need in return, for themselves and their families, without the medium of money?


Dear God, please help us.


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
01-10-2020 07:49
Spongy Iris
★★☆☆☆
(179)
GasGuzzler wrote:

Dear God, please help us.


Yes please invoke the power of your money magic.
01-10-2020 10:08
duncan61
★★★☆☆
(632)
Like in hitch hickers guide.Make tree leaves the new currency and it will cost 2 deciduous forests for one box of matches
01-10-2020 10:16
HarveyH55
★★★★★
(2533)
Spongy Iris wrote:
Harvey and Gas,

Why do we need to assign a price to every single item?

Is it not sufficient enough to know this following data?

1. Supply quantity of all items
2. Demand quantity of all items
3. How much of these quantities each company supplies each other

Why do we need money to figure this out?

Perhaps you can help me understand...


So, in your socialism dream, people just take whatever then want, when ever they want, regardless of what they contribute, if anything?
01-10-2020 16:28
IBdaMannProfile picture★★★★★
(7514)
duncan61 wrote: Like in hitch hickers guide.Make tree leaves the new currency and it will cost 2 deciduous forests for one box of matches

Great reference.


.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
01-10-2020 16:49
GasGuzzlerProfile picture★★★★☆
(1828)
Spongy Iris wrote:
GasGuzzler wrote:

Dear God, please help us.


Yes please invoke the power of your money magic.

It's not majik. Its really simple. Pay close attention and try to keep up. Here we go....

Work, get money, buy stuff.

Bullet point there is work.

How we doing? Did you understand everything OK?


All the time the base and surface are at equal temperature as the equilibrium graduates to establish the temperature development--Pete Rogers
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