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#91
10-26-2013, 02:34 AM
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There's a ski run at Revelstoke Mountain Resort named 'Kill The Banker'. It's under the main gondola lift going up the mountain & I've often seen the odd track on it, but seldom actually see a breathing human being coming down. I like that run, but I'm not a banker, so I'll pass.
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Mike 77g sumpless SW DIY 10 watt multi-chip LED build  http://www.canreef.com/vbulletin/showthread.php?t=82206
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#93
10-26-2013, 05:41 AM
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Quote:
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Brad
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#94
10-26-2013, 01:58 PM
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 There's a saying that when you take out a $500 thousand loan, it is your problem. If you take out a $500 million loan it is the bank's problem. I think where this global money printing issue is going to wind up is going to be a balance between those that hold the money - (individuals, corporations or countries) - and how much social unrest they are willing (or forced) to endure. There have been a number of governments that have fallen over this issue already and limits placed on bank withdrawals in order to prevent bank runs. The country of Cyprus recently prevented a run on their banks. http://www.theguardian.com/world/201...n-banks-crisis Imagine having a savings account of more than 100,000 Euros suddenly worth 40% less the next day! People, corporations or countries that have loaned out money in order to benefit themselves in increased production and thereby revenue for themselves are simply going to have to forgive those loans. The level of social unrest will determine how much they will have to forgive. The level of social unrest is the unpredictable part. What is Greece's youth unemployment rate now, > 55%? How long do you think unemployed youth are going to be quiet for, before they enact change and elect in a government that promises them whatever it takes to get into power? Governments and banks are shifting money around and enacting laws in order to minimize their losses right now. I think this will take a number of years to play out, but I don't think there is any other outcome possible. ...and RuGlu6, you may just be thankful one day that you DO have to "work for the man", when your taxes are paying for the manpower it takes to protect whatever is it that you presently own. We live in a very safe country. I am thankful for that.
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Mitch
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#95
11-07-2013, 02:53 AM
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Wasn't on here for a while, thanks for keeping this going, appreciate that.
Talking about debt and its ceiling, lets ask ourselves a simple question... Why money is being borrowed from the private banksters if Government has a right to print it and use it with out any interest? Who is in control? .
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#97
11-07-2013, 03:25 AM
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Supply, demand, and inflation. If more money is added to circulation (i.e. the government prints more money) the prices of goods will rise to a point that we are no better off, and more than likely worse, financially than before. In short, printing more money devalues it. The way the global market works is the same on a small scale. For example, every time money is "printed" it increases the total supply available in the market. Logically, some of that money will be used and purchasing of goods will increase. Increased purchasing will equal increased demand. In order to keep up with demand, retailers will either have to raise prices to reduce the number of purchases and avoid running out of stock, or bring in more stock. Same concept applies to suppliers, if retailers order more they have to increase production or raise prices to reduce demand. To increase production in a system with limits (like real life) logically you have to increase inputs (e.g. capital and work hours), this means increased costs and, likely, increased wages to encourage the increased work. If wages and costs go up, then price also has to go up. Yes we would have more money, but it would take more of that money to purchase the goods we need. One more thing, 
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Last edited by Mandosh; 11-07-2013 at 03:29 AM.
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#98
11-19-2013, 09:30 PM
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Here is a presentation of the Guy that i quoted at the beginning of this post.
Brilliant person IMO. If first 5 minutes of the video does not make sense maybe it is not for you. But I enjoy this tremendously Michael Tellinger – Ancient Technology & UBUNTU http://jhaines6.wordpress.com/2013/1...nology-ubuntu/ .
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#100
11-27-2013, 10:43 PM
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Linear Mode
