Im off to work so I'll just start this topic for now. In it I want to broadly discus current global finance, the rise of cryptocurrencies and the pros and cons of such speculation, and the traditional roles of commodities, real estate, precious metals and the intrinsic value historically assigned, as well as the Elephant In The Room: Looming future Inflation.
My basic position, after doing a bit of research, is that inflation is not only inevtable but likely steeper than the media is aware of or chooses to report. (Dont spook the cattle)
Bit Coin is not an investment but merely a speculative piece of "property" created by humans. Though some have made money at cryptos, the overall consensus in my neck of the woods is that it (they) are simply asset bubbles which will prove to again support the greater fool theory.
Gold? Though a solid value for near perpetuity, Gold is under the control of the IMF and the Central Banks. Plus the governments could make it illegal to own....again.
Which leaves my favorite investment: Silver.
Please comment your own 2 cents worth. I will be back late tonite and am awake and functional in the mornings...Mountain Time.
Edited by Phat, : sub title
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
Interesting perspective. Im starting the day out a bit calmer than yesterday. From the time I get up until the time im off work, I cannot avoid thinking about money. Its not so much that I love it. I don't. I try my best to love and trust God. (Though I will admit that I expect Him to take care of me and I sense that this world is not only *not* fair, but that my critics might be right and that we *do* have to fully take care of ourselves. And this not only scares me but upsets me greatly. I have entitlement issues from long ago in my dysfunctional childhood, and am thus sensitive when I see others benefiting and seemingly leaving this old man alone and forgotten.
nwr writes:
Typical libertarians think that the money they have is theirs, and they shouldn't pay taxes on it. But the money is just paper. It gets it value from the good will of the American people.
I feel that taxes are fair if they are reasonable and if the majority of the "value units" that I work for belong to me. The apologists may have well warped my mind with their tales of how a One World Government headed by an evil figure who appears good to many will basically totally control the global money. In this scenario, nobody can buy anything nor sell anything independent of this devious system.
To me that is grossly outrageous and unfair. What gets me is that in many of the pro liberal common good for all people arguments, the idea of a government using and controlling the money seems preferable to a bunch of authoritarian pirates and robber barons stealing it all from the masses.
Perhaps I am Libertarian, I dunno. I'll have to research the meaning which libertarians assign to themselves.
Money only has value as part of a community. And libertarians typically want to shun responsibilities to the community that they want to rip off.
I wouldn't say that I wanted to rip off anyone individually. Collectively, I will resist a government who controls my contributions and manages individual values for the good of all.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
As of today (May 22, 2021) the values of the "stuff" we are talking about are as follows:
Yahoo Finance writes:
S&P 500: 4,155.56 Crude Oil: 63.88 Gold:
quote:(Bloomberg) -- Gold headed for a third straight weekly gain as investors weighed signs of inflation and economic recovery. The precious metal is trading near the highest level in more than four months amid rising inflation expectations, static Treasury yields and concerns of a resurgence of coronavirus cases in some countries. Holdings in exchange-traded funds backed by the precious metal have resumed an uptrend. “Higher U.S. inflation and lower government bonds yields have lifted gold back” to $1,870 an ounce, UBS AG analysts including Wayne Gordon wrote in a note.
Bullion gave up some early gains on Friday on a strengthening U.S. dollar, though not enough to upset the precious metal’s push toward its third straight weekly increase. The greenback rose after the release of data showing output at U.S. manufacturers and service providers advanced to a fresh record in May. Gold is up 2% for the week. Still, UBS analysts kept their end of year forecast for gold unchanged at $1,600 an ounce, as “we expect fading inflation surprises, higher U.S. government bond yields, rising vaccination pace to reduce uncertainty and the U.S. dollar to peak.” Still, UBS analysts kept their end of year forecast for gold unchanged at $1,600 an ounce, as “we expect fading inflation surprises, higher U.S. government bond yields, rising vaccination pace to reduce uncertainty and the U.S. dollar to peak.”
I totally disagree with the analysts. My intuition tells me that Gold is being held down as usual and that there is an attempt to downplay inflation when in reality it is indeed the Elephant In The Room. Silver is a better investment as it has many uses. Demand is expected (by Phat) to rise sharply in the next 6 months. Smart money has no other place to park except stocks. And I predict that the sharp and steady rise(rebounding from Covid19) is coming to an end soon.
Yahoo writes:
Silver Jul 21 (SI=F)27.66-0.41 (-1.45%)
(up over 2.5% for the past month. Watch the bull market begin within 6 months.)
Bitcoin: Went from $58K to 38K in a month. No future there.
For this topic, I will watch inflation, S&P 500, Oil, Gold, Silver and Bitcoin. Tangle will claim that I am a typical fundie doom & gloomer and I will not disagree except to say that my predictions for humanity are optimistic, based on the God I know. We will have some tough rapids ahead to navigate, however.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
You are fooling yourself. Yes, you do love money. That's why you spend so much time thinking about it.
I realize how much of a role money has played in my psycho-social development (or handicaps) and my world view. I will admit to being obsessed with money only in that it is a quantifiable way of seeming to ease my pain.
Loving money is as silly as loving gun and pen collections. Upon reflection, my brain is really screwed up at times. The whole reason that I started this topic was to express my beliefs and views on the future of the people and the tough times which inevitably come. To be honest, I hold out a hope that I will be smart enough to escape the crash and the paying of the ominous bill due. I have a lot of pet up emotions regarding fairness, entitlement, and those who would seek to destabilize the system I grew up in for some social justice cause at equality and redistribution of wealth. For some reason I like to argue. To pick fights (verbally) as it partially satisfies my own need for purpose, honor, and duty in life. I'm a 2 bit hack with a sack of unearned privileges who does not want that taken from me. And yet my inner Christ tells me I must let go.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
That is one of the wisest tings you have ever said. So obvious too. I cannot believe that I never saw the big picture like that.
I have a lot of childhood emotional issues that can hopefully be worked out through therapy (I go once a month) and interaction with the loyal EvC Community. Though I rarely agree with any of you, you help me think more than you know.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The Soviet Union fragmented. Yugoslavia fragmented. Even little Czechoslovakia fragmented. The Age of Empires is over
Lets keep the money topic here and take the philosophy to the sister topic.
Message 1
One last thing I did note in your reply, however:
ringo writes:
To me money has never seemed real...The only time I think about "money" is when the number at the bottom of the bank statement gets smaller.
Maybe now you can understand my anxieties and why I dont immediately do what Jesus said and give it *all* up. My bank statement would say zero and the bills in the mail would keep coming. But lets discuss it at Message 1
Stay tuned for more business propaganda and discussions. The finance guys have their "lying apologists" too!
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The world of finance has its apologists just like organized religion does. Some of them sound more intelligent than others and they have some theories as to what may or may not happen in the global financial markets in the near future. Here is one such debate/discussion. I highlighted relevant parts(points being made) from the transcript. Both of these men are knowledgeable within their respective are of finance.
Michael J.SaylorArguing for Bitcoin
Frank Giustra Defending Gold
Snippets from the transcript:
Transcript:2:55-4:12 writes:
(Saylor) I think that all gold holders and all bitcoin holders agree on sound money principles and the real debate is which is the best monetary system in order to pursue the ideals of sound money. So i think we start with some basic ideas. First of all human civilization rises through channeling energy. We invented fire that's capturing chemical energy uh then we build our cities next to rivers we're capturing water and we're channeling gravitational energy the aqueducts were critical to the roman civilization when we compress air in a canister we're channeling uh pressure uh electric systems and batteries are channeling energy lasers or channeling photons if we want to better the human condition we need to be able to capture store and channel that energy. money is energy money's a store of value and it's also a technology allows us to trade that energy over time and space so if we look at the history of money we've gone from commodity money to coinage of those commodities to notes represented by that money to fiat currency and now we have cryptography as a basis of money...
Sounds like he may have readGuns, Germs & Steel.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
There's an overlap. Have you ever noticed how wealthy some of the religious people are?
Oh yes, I do know. Kenneth Copeland is the wealthiest, but his land has natural gas on it so not all of his wealth came from the faithful flock. In regards to these financiers, however...the two men in the video which I shared are both billionaires. I shared their wiki bios, however in order to show that they are skilled at what they claim to represent. Common sense says that they each likely see the big picture within finance and the future of global wealth.
Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services.(...)On MicroStrategy's quarterly earnings conference call in July 2020, Saylor announced his intention for MicroStrategy to explore purchasing Bitcoin, gold, or other alternative assets instead of holding cash. The following month, MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.[22]
MicroStrategy later added $175 million of Bitcoin to its holdings in September 2020 and another $50 million in early December 2020. On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020 MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.[23] As of February 24, 2021 holdings include 90,531 bitcoins acquired for $2.171 billion at an average price of $23,985 per bitcoin.[24] Saylor, who controls 70% of MicroStrategy's shares, dismissed concerns by observers that the move is turning MicroStrategy into a Bitcoin investment firm or exchange-traded fund (ETF).
One thing is likely factual, however. The US Dollar is losing 1% per month in purchasing power(thats 12% per year) in the current markets.
Frank Giustra Defending Gold
wiki writes:
Frank Giustra CM OBC (born August 1957) is a Canadian businessman, mining financier and global philanthropist, who also founded Lionsgate Entertainment. He is CEO of Fiore Group of Companies and co-chair of International Crisis Group. From 2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies. His net worth is not known but is estimated to be at least $1 billion.
Both men have a personal interest in the investment which they are defending.
As to whether Kenneth Copeland, or Pat Robertson, or Joel Osteen, or any of the Christian wealth barons have any stake in investments, I dont really know or care...apart from the honesty or dishonestly involved in acquiring wealth. At least the two financial guys seemed to acquire their wealth honestly.
Were I a Minister or well known Christian Apologist/preacher, I would be careful how much money I earned from the largess of others. I would also give away a lot of it (though not all...unless the Lord prompted me)
Finally...if I believed what I preached and warned people that tough times were ahead, I would likely invest in hings such as Gold or Silver that had intrinsic value and were counter-cyclical investments from the S&P 500 or DJIA. We all must give an account of our behavior as stewards of what He has given us. That goes for secular financiers as well as Evangelists.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
Money is real in the sense that without it you would have no house. The community would help you, but your life would get harder. The love of money is the root of all evil. Money itself is just a tool. We need this tool in order to have shelter.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The last great empire that will fall will be the global financial system itself.
quote:End of the Road: How Money Became Worthless | Gold | Financial Crisis | ENDEVR Documentary from 2012
In 2008 the world experienced one of the greatest financial turmoils in modern history. Markets around the world started crashing, stock prices plummeted, and major financial institutions, once thought to be invincible, started showing signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat. Although we’ve been told that these drastic measures prevented a total collapse of our system, a growing sense of unease fills the population. In the world of finance, indeed in all facets of modern life, cracks have started to appear. What lies ahead as a result of these bold money printing measures? Was the financial crisis solved, or were the problems merely kicked down the road?
Critics feel free to disagree and expose any falsehoods within this video. At best, you will claim it to be paranoia and fear-driven, but you cannot deny the basic premises laid out in the narrative. We are heading for trouble, folks.
Edited by Phat, : added quote
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The basic premise of the film is that the global financial system is almost like a giant Ponzi Scheme. At Bretton Woods in 1944, the US Dollar, backed by gold became the premier global reserve currency. This went well until 1970 when Nixon took the US off f the gold standard. Too many countries were taking gold out of the coffers at Fort Knox. The irony of this now is that the central banks are selling and lending gold in order to support the dollar, but the dollar has now been inflated through government debt spending and stimulus and is essentially vulnerable if it loses the faith of the world. The argument is that in the end, global finances need to be backed by something. It sure as hell ain't gonna be bitcoin. A mess has been created. As jar always likes to say, the bill will get paid. I have no idea why he likes to say that. His pension funds and investments will take the hit as much as anything else. You seem to think that money is unimportant and the people(community) are everything. Perhaps the people themselves will somehow become the backing of a new digital dollar. It all causes me anxiety. I fear that some of us will get screwed in order to support the poor disenfranchised masses. Im not aginst global altruism, but we need to think this whole thing through.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
"The world" does not march in lockstep as a single entity. If some parts of "the world" lose faith in the dollar, they will switch to something else.
Are you really so narrowly focused? You do realize that if the fragmentation included your local community being fragmented from the world-at-large, your local Walmart or grocery store would become virtually empty. Your community would be forcd to regress its standards and expectations and become virtually like Quakers or Pioneers or people like that religious group nearby you tat shares everything. Not many of us really want to rough it like that.
"Global finances" don't need to exist at all. Local finances, backed by local communities, don't need to be part of a financial monolith.
Thus, you are cutting yorself off from the S&P 500. Caring little whether they survive or close their doors. Not to mention the top 500 overseas corporations. You seem to mind little, leftist anarchist that you are. You will simply crow that it is likely what Jesus would approve of. Do you think He really wants the global "system" to fall flat? Do you really have any idea what would likely happen? Most people dont want to have to rough it with you and the Quakers singing in the woods next to their tents.There will be wars. Rumors of wars. Nation against nation. It wont go smoothly.
ringo writes:
What you're saying is that "we" need to come up with a solution that benefits you.
. What I'm saying is that I and my neighbors...and the entire middle/working class in general (those not yet living under a bridge, including ringo) need to make sure that we can do our best to prevent such a scenario from occurring. I am dependent upon the system to keep me alive. Pay my insurance. Allow me to get care at the local clinics. You can call me selfish for thinking of myself. I'm thinking that a financial collapse will help nobody except perhaps the homeless will get more company under the bridge. And they are tougher than we are. They would likely eat first. You have no problem losing your house, I assume. You seem to think that global altruism will be the norm rather than global anarchy, which I see as the norm.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
Peter Schiff goes on the street at a protest and, representing the 1% having a conversation with the 99%.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
I will copy relevant portions of these transcripts later after I get off work. Schiff has some good arguments not easily refuted. The Bitcoin bunch has their arguments also...but I hope for the sake of God's grace that they are wrong or the whole system will go away, including gold. The biblical scenario of everyone being marked (or digitized) may well become a reality. I can hear jar laughing now...
Edited by Phat, : No reason given.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
Are you saying it couldn't be done or are you saying you don't like it?
I wouldn't like it. At all. Though many people would be helped, many others would suffer. It belies the definition of a revolution. The wheel simply revolves and the first will be last. And the last first. Some blessing!
ringo writes:
You're dependent on the community.
Agreed. The Federal Reserve is the villain. They allowed the financial behemouths to survive 2007-2008. They kicked the proverbial can down the road. The "system" allowed the national debt to increase to nearly 30 trillion dollars. Inflation on a major scale is nearly inevitable. We will pay the bill through inflation. The people will get wiped out financially. We are off the charts in regards to creating more money out of nothing.
AddByEdit: I was reading anglgards moments to Marc90,000 (Inflation, you know and noted his involvement in DSA. Curious, I looked it up. My question to the Democratic Socialists is how they would make money work and handle it in a community setting. I did read this.
Seems that the whole theory of money, debt, and how increasing debt is not only inevitable since we not only cant pay it off but if we tried, the money would disappear as debt was resolved. Seems the current administration is in favor of more stimulus and more debt being introduced into the economy. This will only destroy the value of the assets we now have...effectively debasing their value. How does a Democratic Socialist see this? Is it ok to get poorer?
Edited by Phat, : added discourse.
Edited by Phat, : added jabber
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
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