i hope not

as much as i hate american econmic imperalism
i really hope not

 

*^

^^economic imperialism**
my spelling sorry

 

Yes.......pretty much so.

The math is not hard to come by........

 

usa will crumble is continuing on the path its on

 

Why didn't Republicans complain about the increase in the national debt when the increase was caused by tax cuts and increases in the defense budget?

 

Ahem!! *clears throat*

As to your first question: How many camels would you accept as payment? Never less than five!!

And the second question: What if some died? Well, that would all depend on whether they died because of an existing illness, or whether, because of my care - or lack thereof - they died!! There is always a 'disease/illness free' clause when dealing in camels!! No deals in the camel trade are ever on a 'sold as seen' thingy whatsit!!

 

Funny you should mention camels Smc.

Do needles come into that little story of yours too?

'The camel and the eye of the needle', Matthew 19:24, Mark 10:25, Luke 18:25

 

Yeah, ok - BUT in the 'forgotten gospel' of St Pip the camel reference goes something like this:

Pip 20:65 <<< he was rather more long-winded than the rest!!

And Jesus said: Camels have never, do not and never shall fit through the eye of a needle unless the needle be-eth big enough to allow for it. Now if a peddlar shall approach and offer a needle-eye-sized-camel, you can tell him 'Jesus said go fuck yourself, there is no such thing oh peddlar of lies'

*angelic*

 

Oh ...right.....I guess he told fibs too.

Best Wishes

 

The Eye Of The Needle was a gate in one of the walls surrounding Jerusalem. This gate was quite low, so laden camels had to be dragged through it on their knees. This was, obviously, very difficult. From this come Jesus' reference to a camel going through the eye of the needle - not from some patently bizarre idea about taking a camel and literally threading it through a sewing needle.

This was because it was a reference to something difficult that the people listening at time could easily understand. They knew about the gate; they understood the difficulty in driving camels through it - beasts which are ill-tempered at the best of times.

</lesson>

 

Camels are tangible. The promises that notes make are not. If someone gives me camels for my house, I have a concrete object that has been given to me to use as I see fit in exchange for the ownership of my house. I have an item that is useful to me. I can carry goods upon its back, and from thence comes its worth. It will also make more of itself.

Noted money, however, is worthless. It is only good for passing on to someone else. How can it be truly worth anything, if that which it promises does not exist? I can take that bank note and convert it to numbers on a screen at my local bank. I can then convert these numbers back into these notes. Not until I spend it and get coinage as change do I actually own any money of value. The entire monetary system of the US and Britain revolves around the fact that somehow, we manage to trade something worthless and with it, occasionally procure something of worth - but this is a con. The bottom line is: the money isn't real. The 'promissory notes' you hold cannot deliver upon their promise.

As I said. It's a sham, but it's a sham that works.

 

No......

It doesn't work......


and the whole method behind it is doomed to fail.

What we are seeing and experiencing now is just the beginning of the fall of rampant capitalism.

 

Sorry. You're absolutely right, but I wasn't referring to the global scale; I meant that you and I can wander into a nice pub and order Spitfire, and pay with a ten pound note, even though we know we're (in absolute terms) getting something for nothing.

 

In 1933 the US abandoned the Gold standard along with many other nations, such as Italy in '34, Belgium in '35 and others during the 1930s. Switzerland was one of the last countries to drop the gold standard and this was done in 1999 by the approval of a new constitution that eliminated the traditional requirement for the country's currency to be backed by gold.

These days, the gold standard is not currently used by any government or central bank, having been replaced completely by fiat currency. Money is NOT, therefore backed by gold, or any other precious metal but, instead, is backed by faith. The money is, in other words, as good as people believe it is good. People are generally educated to regard money as a precious commodity in itself by virtue of the amount needed to purchase desirable and needed items.

What we use today is a system of fiat money. One glossary defines money as "money that is intrinsically useless; and suitable only as a medium of exchange. A more accurate definition perhaps is that money is, "an idea backed by confidence."


A dollar bill used to say "This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank." Look at a dollar bill today. It simply says; "This note is legal tender for all debts, public and private." In other words, you can't redeem it for "lawful money."

United States notes serve no function that is not already adequately served by Federal Reserve notes. As a result, the Treasury Department stopped issuing United States notes, and none have been placed into circulation since January 21, 1971.

Guess what folks? A dollar bill is not lawful money, but rather "legal tender."

http://www.ustreas.gov/education/faq/currency/legal-tender.shtml

 

Thank you for the post explaining the evolution of the global currency system, not just the US's.

The evolution of the monetary system was made necessary due to the expanding global economy.

While it is a fact that the global currencies are not backed by reserves of gold or other precious material, it is commonly held that the production potential and fixed assets of those using the cash, do back their value.

Face it, the economic system of the world is a fluid entity, it is not solid or static, it is ever evolving. Any collapse of the economic system regionally or globally, would not render the monetary system invalid.

 

I think you right.

A gold standard restricts enacting policies which significantly alter the growth of the money supply which in turn limits the inflation rate of a country. This may give an inkling of the reasoning behind the removal of the gold standard.

The major benefit to the gold standard is that it can prevent long-term inflation in a country.

 

Which last occurred when???

When the money was backed by gold.

Normally modest inflation is a sign of a working economy, which is the goal of capitalism.

 

Spoken like a true capitalist.

*sigh*

 

Look at history:
Great Depression

https://www.futurecasts.com/Friedman, Monetary History of U.S. (II).htm


http://fredericbastiat.com/GreatDepression.htm


http://eh.net/encyclopedia/article/officer.gold.standard


Since the abandonment of the gold standard, economies around the globe have shown the apparency of a healthy economy, but in reality what has happened is that there has been little or no check on inflation resulting in a decreasing value of the currency, such as the US dollar so that it now requires many more dollars to purchase the same items as it did many years ago.

 

I get so sick and tired of this conservative lie that all our problems boil down to people not being personally responsible and spending beyond their means. What bullshit.

The earning power of Americans has consistently decreased while the top 1% of the nation has gotten richer at the expense of everyone else. That's why both parents with a family have to work and still only manage to scrape by, most of them living from pay check to pay check, just to provide the basic necessities.

Which leads to the next conservative lie that the government should not provide for the general welfare of its citizens. The Government certainly created the atmosphere and environment where businesses can flourish. In fact right now government has turned against the interests of the citizens in the US and instead done things that hurt US citizens in favor of corporations and corporate greed.