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Author Topic: "But he has nothing on at all!"  (Read 247 times)
Crow
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« on: February 07, 2012, 09:44:29 PM »

The emperor has no clothes and we all knew that time ago

http://www.bbc.co.uk/news/business-16918000
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AS
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« Reply #1 on: February 07, 2012, 10:06:59 PM »

The emperor has no clothes and we all knew that time ago

http://www.bbc.co.uk/news/business-16918000


Mostly true, I could have some objection about "too much money for much less work", especially "much less work" ...  Sad

AS
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Crow
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« Reply #2 on: February 07, 2012, 10:23:07 PM »

"I think you should go back to doing what I call real business - producing goods, providing services, trading - not just moving figures in bank books, which is what you are doing."

That is a truth as big as a mountain.
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AS
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« Reply #3 on: February 07, 2012, 10:26:37 PM »

"I think you should go back to doing what I call real business - producing goods, providing services, trading - not just moving figures in bank books, which is what you are doing."

That is a truth as big as a mountain.

+ 1 (inflated) billion!  Wink
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Crow
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« Reply #4 on: February 07, 2012, 10:27:32 PM »

 Grin   Grin   Grin   Grin
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arkanabar
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« Reply #5 on: February 08, 2012, 08:27:53 AM »

If these were hard currencies backed by something real, then I could see the point in trading them.  The problem is that every currency in the world is either worth only the paper it's printed on, or else only represents the issuing government's power to tax.  In neither case do they have any inherent value of their own.

The idea that one may make a living off of the productive work of others -- either as a recipient or as a transfer agent -- is something that all nations will have to discard as well, and better sooner than later.
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ElCuervo
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« Reply #6 on: February 08, 2012, 09:25:57 AM »

http://www.southparkstudios.com/full-episodes/s15e14-the-poor-kid
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djohnston
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« Reply #7 on: February 08, 2012, 11:48:36 AM »

If these were hard currencies backed by something real, then I could see the point in trading them.  The problem is that every currency in the world is either worth only the paper it's printed on, or else only represents the issuing government's power to tax.  In neither case do they have any inherent value of their own.

Even more to the point, when currency is created, it is "borrowed" into existence. This is done either by printing bank notes or simply entering the amount in an electronic ledger. The newly created currency must be repaid with interest. But, the currency needed to repay the interest is never created. The endlessly increasing debt becomes a vicious circle.
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