Capitalism

[hhiusa]

Ignorance of economics? REALLY?

More like your lack of comprehension of the written word.

Dream of what equality? Still arguing with voices in your head - you sad nincompoop?

I recommend you learn the the difference between equality and equity.


That's because you guys don't have real fundamental understanding of the subject matter and as soon as you hit a new concept you revert back to type what you are familiar with. Black or white. You are either with us or against us.

You then go around mocking and insulting speaking highly of your understanding of subject matter which is highly objectionable and exists in very narrow theory outside of practice. You have failed to show any evidence of it other than cherry pick to suit your big head.


This is primarily because in practice it's a sh1te approach to capitalism which has been rejected by pretty much all countries and nations. Including those who proclaim to be it's greatest supporters.

I can imagine you having a good old argument with your reflection in the mirror too.


I have also added you to my ignore list as no point in discussing fiat currencies, gold or capitalism with you ever again.

I much prefer to feed chips and watch seagulls fly, squawk and poop all over the place.

😂😂😂😂😂😂😂

Do you know how many times you have said that you will put me on your ignore list? You keep saying that but either you don't know how or you think it is just sounds threatening. By all means, stop replying to my posts.

All those behaviors are things you do. That is quite a deflection.

 

[hhiusa]

Not kidding jsc,

Throwing chips and watching these noisy birds catch chips before it drops to the water is great fun. Me and my little girl have great fun throwing them.

The acroflybatics is amazing to watch.

What happened to ignoring to my posts? This is the capitalism thread. If @new_trader leaves, then one half of the intelligent population of this thread leaves.

 

[Forexmospherian]

What happened to ignoring to my posts? This is the capitalism thread. If @new_trader leaves, then one half of the intelligent population of this thread leaves.

Hi Hhiusa

Shame to see n_ t has left the debate - so now we only have to make you realise how isolated you are with your ultra right wing views

I look upon it and have said this already, that you are a "black or white" person - ie yes or no and no grey areas.

So first of all its important for you to confirm that you do accept that life is not simply black or white. If you cannot accept that - then I think its not even worth discussing any more with you.

Next point - both of you have kept saying this thread is full of left wing socialists.

If you honestly think that - then you mental age must be under 10 - and I know its not

In terms of difference - ie a scale from say ultra left wing to ultra right wing - you probably have it as 0 to 3 maximum

I prefer to look at it from 0 to 100 and will clarify further

Here's the basic model -

http://www.informationisbeautiful.net/visualizations/left-vs-right-world/

Now - I have not got a clue how many political parties you have in the US - but in the UK and in Europe you normally have from 3 to 10+

In the last UK General Election in May this year - we had over 5 main parties but only 2 would have more than 65% of the voting population

Yet again - you can only visualize two concepts - left wing - right wing - and anything in between - or the "grey" area maybe does not even exist in your model.

The conservatives did win the UK election - and I for one was delighted - but their policies would have you calling them very left wing - ie a working wage - big investment in the NHS - emphasis on catching tax dodgers - cut back on hand outs - but also still very much in favour of the working citizens and giving them more tax savings etc

With regards to your economic model - can I just say there are more members of Mensa who or mid centre to left wing than very right wing - and as you and n-t know Mensa has a minimum IQ level of 135 ( I think ) and the majority of the population would be between 80 and 115 - or something like that.

So that puts the intelligence debate firmly on the side of all contributors other than you two ultra right wingers..

Now if we can continue to have an intelligent debate with you knowing that you are not dealing with a load of lefties then that would be great

Also it would be interesting to get n-t back to hear more about is own economic model - could he be more ultra right then you ??? - no surely

Regards


F

 

[darktone]

I bet Atilla thinks that the money banks loan out comes from a magical printing press so therefore nobody needs to save! Perhaps he actually believes (and it wouldn't surprise me) that the money rich people are 'hoarding' in the bank is actually kept in a shoebox, in a safe, with the rich man's name and a sign on it saying "Don't touch"

After reading Atilla's idiotic post, does anyone here think he understands that savers are CREDITORS to a bank? I'd say he hasn't got the foggiest idea...and he is allegedly a trader and investor...would you trust him with your money after reading what he wrote?

As far as I'm concerned, the rest of Atilla's bizarre post has been discredited by this display of absolute IGNORANCE of basic economics! It really is the MOST retarded left wing logic so far.

Lulz :cheesy:

Loans create deposits old boy, not the other way around.

Here a little linky to get you up to speed. http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1.aspx

Oh, with regards to the hoarding you keep mentioning. Remember the golden rule.

-------------------

Theres some on QE near the end of the video for thems whats fuzzy. Not sure if BOE bought any MBS etc toilet. Unlike the FED.

At least if you got some idea of how the system works. You got a stab at what it means for you.

Simply. Banks create money, from nothing, at interest. What does this mean for you?? That is the question. Go find out.

 

[darktone]

Why don't we count the number of times that @Forexmospherian has mentioned that he has worked for Richard Branson.
@new_trader
What you have said about socialism = popular is so true. "In vino veritas" as you have said about this thread. "What's right isn't always popular. What's popular isn't always right."
- Howard Cosell

I reckon your likey likeys for nt's post has already beaten that score. :cheesy:

Mmhmm, ahhhhh yeaaaah.

 

[hhiusa]

Hi Hhiusa

Shame to see n_ t has left the debate - so now we only have to make you realise how isolated you are with your ultra right wing views

I look upon it and have said this already, that you are a "black or white" person - ie yes or no and no grey areas.

So first of all its important for you to confirm that you do accept that life is not simply black or white. If you cannot accept that - then I think its not even worth discussing any more with you.

Next point - both of you have kept saying this thread is full of left wing socialists.

If you honestly think that - then you mental age must be under 10 - and I know its not

In terms of difference - ie a scale from say ultra left wing to ultra right wing - you probably have it as 0 to 3 maximum

I prefer to look at it from 0 to 100 and will clarify further

Here's the basic model -

http://www.informationisbeautiful.net/visualizations/left-vs-right-world/

Now - I have not got a clue how many political parties you have in the US - but in the UK and in Europe you normally have from 3 to 10+

In the last UK General Election in May this year - we had over 5 main parties but only 2 would have more than 65% of the voting population

Yet again - you can only visualize two concepts - left wing - right wing - and anything in between - or the "grey" area maybe does not even exist in your model.

The conservatives did win the UK election - and I for one was delighted - but their policies would have you calling them very left wing - ie a working wage - big investment in the NHS - emphasis on catching tax dodgers - cut back on hand outs - but also still very much in favour of the working citizens and giving them more tax savings etc

With regards to your economic model - can I just say there are more members of Mensa who or mid centre to left wing than very right wing - and as you and n-t know Mensa has a minimum IQ level of 135 ( I think ) and the majority of the population would be between 80 and 115 - or something like that.

So that puts the intelligence debate firmly on the side of all contributors other than you two ultra right wingers..

Now if we can continue to have an intelligent debate with you knowing that you are not dealing with a load of lefties then that would be great

Also it would be interesting to get n-t back to hear more about is own economic model - could he be more ultra right then you ??? - no surely

Regards


F

Speaking of IQ tests, I have taken a few including MENSA's. It is not necessarily 135, but it is the top 2% of the IQ for the entire country. In the US it is 132. I would like to see you take free iq test and post the result.

 

[new_trader]

All I need is for darktone to put me on ignore and I might then re-join this debate. Until then, I am only posting to show what an utter retard he is for providing a link to an article he hasn't even read or if he did, he didn't understand!

Like an utter juvenile he was "Lulz" at my comment "savers are CREDITORS to a bank"

From the article:

Table A Glossary of different types of money and different names for money(a)

Name
Bank deposits

Description
Type of IOU from a commercial bank to a person or company.

Also known as
Inside money (if not matched by outside money on bank balance sheets).


Why do people use them?
When a consumer makes a deposit of his or her banknotes
with a bank, they are simply swapping a Bank of England
IOU for a commercial bank IOU. The commercial bank gets
extra banknotes but in return it credits the consumer’s
account by the amount deposited. Consumers only swap
their currency for bank deposits because they are confident
that they could always be repaid. Banks therefore need to
ensure that they can always obtain sufficient amounts of
currency to meet the expected demand from depositors
for repayment of their IOUs. For most household
depositors, these deposits are guaranteed up to a certain
value, to ensure that customers remain confident in them.(1)
This ensures that bank deposits are trusted to be easily
convertible into currency and can act as a medium of
exchange in its place.


Q.E.D. :smart:

 

[postman]

Lulz :cheesy:

Loans create deposits old boy, not the other way around.

...
Simply. Banks create money, from nothing, at interest. What does this mean for you?? That is the question. Go find out.

Its good to see that the UK has some Gold ! The USA is bankrupt and doesnt have any left. We know this because they cant give Germany back the gold being 'held' for them.

Way to go Capitalist utopia.

 

[postman]

:?:

 

[darktone]

Now I is fic as two short planks, that we all know, but, Ive read through that doc (and more than one or two others) a good few times, and think ive at least a good basic understanding of de money ting.
Understanding enough to know that youre just trying to wiggle off the 'im a wally spot' with the usual diversionary cut n pastes an insults.

I bet Atilla thinks that the money banks loan out comes from a magical printing press

If he did, hed be right wouldnt he. A paperless press. The magical finger descends upon the magical button and poof, a loan is born, from which deposits are created. Lulz!

Debt based fiat vs none debt fiat? Done any research yet? You always went a little bit silent on that one. Lulz!

Hoarding? That the little fly in the goldbugs present. Second only to the power of pure creation. Lulz!

Atillas got you right mate. Youre so limited in your view of the whole subject of money, because you can only see it through you mises lenses. Couple that to a 'I so am right! Youre all idiots' attitude.. Lulzerific!

Im only passing through, just couldnt resist yanking ya chain. Please continue to post. I know I enjoy em.

 

[darktone]

:?:

I sorry but ive no idea of what you speak. What is this 'Trolling'? :innocent:

 

[postman]

TODAY, 3:38PM #397 new_trader Goodbye. UNSUBSCRIBED.

--------------------------------------------------------------------------------
TODAY, 8:14PM #407 new_trader "...From the article:

Table A Glossary of different types of money and different names for money(a)

Name
Bank depositsr..."
-----------------------------------------------------------------------------------


No credibility !

 

[Oscar Reed]

Always remember...

Are pigeons capitalist or socialist.

 

[Atilla]

Are pigeons capitalist or socialist.

Pigeons are definitely socialist cause they feed off other people :smart:

Seagulls on the other hand are capitalist because they take other peoples food. :cheesy:


I have witnessed both...

 

[Oscar Reed]

Pigeons are definitely socialist cause they feed off other people :smart:

Seagulls on the other hand are capitalist because they take other peoples food. :cheesy:


I have witnessed both...

I still think capitalism and socialism are the same things.

 

[Atilla]

I still think capitalism and socialism are the same things.

You mean like pigeons n seagulls are birds w feathers n beaks sort of thang :cheesy:

 

[Oscar Reed]

Pigeons are definitely socialist cause they feed off other people :smart:

Seagulls on the other hand are capitalist because they take other peoples food. :cheesy:


I have witnessed both...

You might be right

http://www.dailymail.co.uk/news/art...rowning-pigeons-serpentine-eating-bodies.html

 

[hhiusa]

"When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church."
- Ayn Rand

This means separation from the state, not a non-existent state as is the case with anarchy. Learn how to reconcile those things in your mind.

The moral justification of capitalism is not in the altruist's claim that it represents the best way to “the common good.”. The moral justification of capitalism rests in the fact that it is the only system consonant with the rational nature of man, and that it protects man’s survival qua man.

Laissez-faire capitalism is the only social system that incorporates the recognition of individual rights and; therefore, the only system that bans force from social relationships. By its nature, it is the only system that is fundamentally opposed to war.

 

[Oscar Reed]

"When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church."
- Ayn Rand

This means separation from the state, not a non-existent state as is the case with anarchy. Learn how to reconcile those things in your mind.

The moral justification of capitalism is not in the altruist's claim that it represents the best way to “the common good.”. The moral justification of capitalism rests in the fact that it is the only system consonant with the rational nature of man, and that it protects man’s survival qua man.

Laissez-faire capitalism is the only social system that incorporates the recognition of individual rights and; therefore, the only system that bans force from social relationships. By its nature, it is the only system that is fundamentally opposed to war.

Do you think there are different degrees of capitalism.

 

[hhiusa]

Do you think there are different degrees of capitalism.

"When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church."
- Ayn Rand

This means separation from the state, not a non-existent state as is the case with anarchy. Learn how to reconcile those things in your mind.

If "A" has certain criteria, which is not met, then it is not "A". You cannot be half gay. You may have homosexual qualities, but that does not necessarily make you homosexual. There is no such thing as partial capitalism. A system may have capitalist elements, but that does not inherently make it capitalism.