Testing The Financial Apologists

This is surely false. I blame the Republicans. They run up debt, and then they block the attempts of Democrats to increase taxes to pay down that debt.Responding to ringo, Phat writes: That's not what I read ringo as saying.

Thanks for that explanation.In my opinion, you are wrong about almost everything. But I'm not an economist, so I'll limit my response to a couple of points. If we to back a few hundred year, then there was a time that currency was backed by "physical assets". Or was it?Wasn't it really backed by peoples whims and fads about jewelry? If people had stopped valuing gold and silver for jewelry, then the coins would have been worthless.Still, at that earlier time, you could have your gold and silver. And you would put the gold coins under your pillow while you slept. If somebody stole them, then they were gone for good.But then banking was invented. You could put your spare change in the bank, which turned out to be safer than putting it under your pillow.So now you take your $100 of gold coin, and deposit it in the bank. The bank gives you documents to prove that it is yours. And the bank then lends out $80 of that to some borrower.So now your $100 of gold coin has become $180 -- this includes your documentation and what the borrower holds. So the $180 in circulation already exceeds the $100 of physical assets. So all of the problems that you imagine with fiat currency already existed because of banking. The money supply had already been detached from physical assets.

That's a start, at least.The thing to remember is that youtube videos tend present lots of marketing hype and very little critical analysis. We have been repeatedly trying to point this out to you. That should tell you something.However, jumping into real estate is not a panacea. If you want to make money that way, you have to get involved in knowing the risks and following market conditions.

What it really amounts to, is the old saying: "There's no such thing as free lunch."If you want to make money, you have to actually work at it. If a scheme promises that you can sit back while riches accumulate, it is likely to be a scam.

Always remember that money is just pieces of paper with no intrinsic value.The value of money comes from how we use it, not from its intrinsic properties. And government cannot control how we use it. Yes, government can influence how we use it, but that influence falls far short of control.You get yourself all worked up because you don't understand this.

I'll remind you that "Green New Deal" is a slogan. It isn't anything the government is actually controlling. Do you really believe that your god is going to magically poof a new way of doing things into action? Don't we need to work on it and start making preparations. Okay. So let's have more open shoplifting. After all, laws against shoplifting are government control, and you want less of that.You really have not thought this through.

You are likely still misunderstanding ringo. I don't have a problem with your owning a condo. My concern is your indifference to people in need.On my view of Christianity, one of the central principles is that you love your neighbor. And I see you failing at that. I don't know how to measure that. I do make significant charitable contributions, and some of that goes to a local charity that assists people in need. But I am not giving so much that I need to worry about whether I can afford to buy food.

When did we get rid of it? And how? Or is this just your imagination running wild?

No, you do not defend property rights. That's your denial of property rights. You are saying that the property of those who own the debt should be stolen.Is that your version of "Christian values".

Because there is no such thing as "intrinsic value".

Money itself is nothing. Money is just a token that represents value. And value depends on the culture.A problem for conservatives, is that they tend to emphasize money itself, instead of understanding that it the represented value that is important.

You managed to completely miss the point. Then don't buy one.I have no current plans to buy one.

This seems to describe the current Republican party. I guess GOP stands for "Grifters own party"

No, it isn't political, at least in my case. My view comes from looking at how money seems to work. Watching videos takes time and is tedious. I can get a lot more useful information per minute by reading than by watching videos.

This is weird. According to the indicator at top right, it is a reply to me. However, based on content, it looks more likely to be intended as a reply to Percy.