Okay, I'll Ask It... WHERE THE FUCK DOES WEALTH COME FROM? | |
Anonymous Coward User ID: 78542393 United States 04/05/2020 02:02 PM Report Abusive Post Report Copyright Violation | |
Butch DeFeo
User ID: 78675521 United States 04/05/2020 02:03 PM Report Abusive Post Report Copyright Violation | From Los Reserves Federales Last Edited by Butch DeFeo on 04/05/2020 02:04 PM :DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS: Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN. |
Anonymous Coward User ID: 77253753 United States 04/05/2020 02:04 PM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? The Federal Reserve bank, which is not an actual government entity but a private bank, creates it out of thin air and loans it out to our government and other private banks at interest. You can thanks President Woodrow Wilson for allowing it to happen. |
Anonymous Coward (OP) User ID: 64935379 United States 04/05/2020 02:11 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 76760905 United States 04/05/2020 02:27 PM Report Abusive Post Report Copyright Violation | You need to define it for yourself, that's critical, then go from there. For me, wealth is anything produced above and beyond what is necessary to survive. So for a farmer say 100 years ago, if he had a bumper crop and could store a silo full of grain more than his family could eat that is wealth. Of course the grain could spoil in time, so money was invented, gold and silver which then became a store of wealth because you could trade things for gold or silver coins. Essentially, this means that savings are wealth. In today's complex economy it's difficult to see how a person's production can sustain them and production above survival is stored wealth. Each person is like a cog in a wheel, part of the process. But I think idea remains, savings are wealth. Money is a means of exchange and a store of wealth. Currency (created from debt) isn't money it is only a means of exchange because over time it's value is diluted by ever increasing amounts of debt. |
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KuvaszLove
User ID: 72323978 United States 04/05/2020 02:32 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 64935379 United States 04/06/2020 09:44 AM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? The Federal Reserve bank, which is not an actual government entity but a private bank, creates it out of thin air and loans it out to our government and other private banks at interest. You can thanks President Woodrow Wilson for allowing it to happen. I think this is right. Not that it's bad though. Otherwise all wealth is just paper representation of gold, then you're locked into a bitcoin-like economy (where you have to literally mine to make more money). |
Anonymous Coward User ID: 78742917 Sweden 04/06/2020 09:45 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77996452 United States 04/06/2020 09:47 AM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? The Federal Reserve bank, which is not an actual government entity but a private bank, creates it out of thin air and loans it out to our government and other private banks at interest. You can thanks President Woodrow Wilson for allowing it to happen. I think this is right. Not that it's bad though. Otherwise all wealth is just paper representation of gold, then you're locked into a bitcoin-like economy (where you have to literally mine to make more money). Real money is backed up by something that is useful. Joe average makes a chair and creates a monetary note. That note can be traded around until someone turns it in for the chair. The value of the note depends on those trading it. Real money disappears when the transaction is finalized. Gold/oil isn't the only thing money should be backed by, that's what they want you believe. |
BroDude
User ID: 78313487 United States 04/06/2020 09:48 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77996452 United States 04/06/2020 09:48 AM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? The Federal Reserve bank, which is not an actual government entity but a private bank, creates it out of thin air and loans it out to our government and other private banks at interest. You can thanks President Woodrow Wilson for allowing it to happen. I think this is right. Not that it's bad though. Otherwise all wealth is just paper representation of gold, then you're locked into a bitcoin-like economy (where you have to literally mine to make more money). Real money is backed up by something that is useful. Joe average makes a chair and creates a monetary note. That note can be traded around until someone turns it in for the chair. The value of the note depends on those trading it. Real money disappears when the transaction is finalized. Gold/oil isn't the only thing money should be backed by, that's what they want you believe. The system is debt based fiat though, not real money. |
ScrumpTheTexan
Forum Administrator 04/06/2020 09:50 AM Report Abusive Post Report Copyright Violation | I am a Christian. Christian does not equal doormat or pushover "I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800 The Election of Donald John Trump: [link to www.godlikeproductions.com] For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
Anonymous Coward User ID: 78345706 United States 04/06/2020 09:53 AM Report Abusive Post Report Copyright Violation | |
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Your Mother User ID: 78398358 United States 04/06/2020 10:01 AM Report Abusive Post Report Copyright Violation | He who controls natural resources, controls fiat wealth. Money is nothing without wood, metals, and land. All of which are produced naturally, so take control of free earthly resources (usually via violence), and then sell it to the masses |
Legna Angel
User ID: 37294071 United States 04/06/2020 10:02 AM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? Where does the score from Pac-Man come from? My two cents, It’s been Real, it’s been Nice, but I can’t say it’s been Real Nice! :anon: Thread: Found another countdown site. #MyOpinion2024 Vote #Trump2020 |
Anonymous Coward User ID: 77746999 United States 04/06/2020 10:02 AM Report Abusive Post Report Copyright Violation | |
D12345
User ID: 76676264 United States 04/06/2020 10:03 AM Report Abusive Post Report Copyright Violation | Labor. Labor has value. You labor to do or you labor to create. Money is a method to store the value of labor earned to be used later. There are some really interesting documentaries on how money works on Ithica, NY. The community created their monetary system to encourage doing business locally. [link to www.lightlink.com (secure)] The really good documentary I watched a while back might have been the pbs special. I’m not sure. It was aired as part of a telecourse for a college Econ class. I wasn’t in the class, but I’m interested in such things. |
Dub One User ID: 77565401 United Kingdom 04/06/2020 10:04 AM Report Abusive Post Report Copyright Violation | All money is issued as debt. Wealth is gaining and converting some of the debt circulating in the economy and turning it into property, land etc. Through the insidious mechanism known as interest (I need a profit or I'm not interested) all the wealth is gathered with a few clever bastards. The whole thing is set up and rigged by those who have set themselves up as the money printers. They own huge chunks of the world and are ruthless, powerful and under the control of a dark religious cult. Without this tiny group of humans manipulating human affairs, creating wars etc., humanity might be far more enlightened and wealth a norm. Hope that helps. |
Weyoun
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2012Portal
2012Portal - Mayan Beyond 2012 User ID: 15022013 Netherlands 04/06/2020 10:05 AM Report Abusive Post Report Copyright Violation | A service based economy. How the hell does that work? Quoting: Anonymous Coward 64935379 I do something for you, you do something for me, fine, I can dig that... BUT WHERE DOES THE ORIGINAL MONEY COME FROM????? Money is evil. There is no other way to describe it. I's created by central banks and governments allowing banks with fractional banking to create it out of thin air. (Well, actually, it's created based on debt; so WORSE then thin air, in some respects) Value, is something else. A tree good for lumber has value. A shell that people want to use as an ornament, has value. Someone trading ears of corn for some of my tomatoes, has value. Last Edited by 2012Portal on 04/06/2020 10:06 AM From the love of power to the power of Love - My camera and video gear: [link to graphicstart.com] --- --- --- "Jesus Christ, the Son of God our Savior" |
Anonymous Coward User ID: 75516899 United States 04/06/2020 10:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54547252 United States 04/06/2020 10:06 AM Report Abusive Post Report Copyright Violation | Wealth comes from the creation of value. Value is created through providing a tangible asset or service whose perceived value to a market is greater than the cost of producing the value. Wealth is transferred and accumulated based on value creation and exchange. In capitalist society, this is the way it is supposed to work. |
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dr0id
User ID: 78251215 United States 04/06/2020 10:06 AM Report Abusive Post Report Copyright Violation | ANSWER: How an Economy Grows and Why It Doesn't (by Irwin Schiff) [link to www.youtube.com (secure)] Text version: PDF link: [link to uplib.fr] Last Edited by dr0id on 04/06/2020 10:08 AM Articles posted do not necessarily reflect endorsement. |
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