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Thank You Adam Smith.

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Author Topic:   Thank You Adam Smith.
nwr
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From: Geneva, Illinois
Joined: 08-08-2005
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Message 54 of 124 (346935)
09-06-2006 9:05 AM 		Reply to: Message 53 by Phat
09-06-2006 8:49 AM

Re: The Wealth Of Nations is the bankruptcy of Culture
The banking system is also a villain. What sense does it make when money can be multiplied? For example, if I deposit $1000.00 in the bank and the bank loans you $1000.00, the $1000.00 has essentially become $3000.00.
That sounds wrong.
​
On paper, I am worth $1000.00.
at the same moment,the bank lists its assets as $1000.00 in the hope that I keep them there.
Actually, that $1,000 deposit will be counted as a liability for the bank, because they owe it to you.
​
At the same moment, you have $1000.00 in your hand, although you will owe them $1007.00 payback.
The bank will count that as an asset, since it is owed to them.
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nwr
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Posts: 6409
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.3

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Message 92 of 124 (347615)
09-08-2006 8:06 PM 		Reply to: Message 90 by joshua221
09-08-2006 7:25 PM

Re: This is just about the funniest thing.
Can't you see that economic theory has no bearing on reality, it's an illusion, open your eyes.
​
I GUESS I'M JUST TRYING TO SAY THAT THIS POST WASN'T ABOUT YOUR DEAD THEORIES THAT HOLD NO IMPORTANCE IN THE EYES OF GOD, AND THANK YOU ALL FOR SUCKING ME INTO IT, AND BRINGING ME DOWN WITH YOU INTO THE FIERY PITS OF MEANINGLESSNESS, MEDIOCRITY, AND MINDLESSNESS.
Can't you see that your own idealism has no bearing on reality?
​
You don't deserve me, you don't deserve my thoughts, you don't deserve any of what I can tell you.
That's not exactly the way to win friends and influence people
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nwr
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Posts: 6409
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.3

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Message 95 of 124 (347618)
09-08-2006 8:19 PM 		Reply to: Message 93 by joshua221
09-08-2006 8:07 PM

Re: This is just about the funniest thing.
It's so screwed up.
Do you really believe that live was better, more meaningful, for the noble savage.
​
(see also the wiki entry)
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nwr
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Posts: 6409
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.3

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Message 110 of 124 (347703)
09-08-2006 11:17 PM 		Reply to: Message 106 by joshua221
09-08-2006 10:51 PM

I hope we can all agree though, that the list that I made in my OP was undoubtably caused by materialistic desires for man-made currency/power.
That's a bit too simple. However, human nature is surely involved. Given that you are human, you are not exempt from that.
​
Smith was a necessity to get my message across I believe.
It seems that the mention of Smith led the discussion astray. Perhaps you would have seen a more focussed discussion if you blamed it all on "materialistic desires."
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