Who hates the Current Economy?

[teemu]

How does one know how much a 'buck' is supposed to be worth?

your making this complicated

money is based on measure and weight....an once of silver is a dollar my friend...it takes (right now) 12 pieces of paper one dollar bills to equal one true dollar

 

[teemu]

and can you not take gold and sell it for dollar bills?

yes you can....take gold to any bullion dealer and or jeweler and they will gladly exhange your toilet paper for your precious metals

 

[nash]

your making this complicated

money is based on measure and weight....an once of silver is a dollar my friend...it takes (right now) 12 pieces of paper one dollar bills to equal one true dollar

yes you can....take gold to any bullion dealer and or jeweler and they will gladly exhange your toilet paper for your precious metals

heheh i know what youre saying bro. But the fine details like what would happen when there was no more gold/silver to use as currency, and other things like that is what is confusing me to completely buying into the notion of gold/silver currency system without paper is a flawless system.

 

[The Ween]

no...because the dollar we have is no longer worth a dollar anymore...that is whats called inflation...the dollar is not backed by gold or silver and goes back to printing tons of money...it devalues our currency

back when our money was backed by gold...a buck was worth a buck and bought alot of things ....remember your grandparents would tell you they bought a loath of bread for a quarter? well the dollar was worth a dollar then
gold is money! always was, has and will be...gold is for kings and silver is for the working man

That's true about buying more, but then they made alot less too. Can't say that back in the 20s and 30s people had it better.

 

[teemu]

but you didnt answer my question.... you're pro gold/silver as currency right? So what would happen when we finally run out of gold/silver to produce as currency?

that I dont know...there is definitely a shortage of metals....those who own precious metals will definitely make out well when the masses wake up to that our dollar is a fraud

 

[teemu]

heheh i know what youre saying bro. But the fine details like what would happen when there was no more gold/silver to use as currency, and other things like that is what is confusing me to completely buying into the notion of gold/silver currency system without paper is a flawless system.

Well I am thinking they would have to continue to mine to make enough to go around...but its likely impossible because of the increased population....which making gold/silver even more scarce....why do the rich hoard gold? they must know something that we dont

edit: paper is suppose to be backed by gold and silver and because that its not anymore like it once was, they keep printing lots of money which is devalueing our dollar, thats a major point

 

[Mesa]

Can you not take a dollar bill and buy a dollar's worth of silver or gold with it?

Yes, which I wish I had done about 4 or 5 years ago, as the value of gold as a commodity has greatly increased while dollar has always remained a dollar. I don't know the percentages, but I think it's like 300 or 400% increase (I may be totally off on this though). So if you bought gold with your dollar back then, you'd know have 3 or 4 dollars.

 

[teemu]

Yes, which I wish I had done about 4 or 5 years ago, as the value of gold as a commodity has greatly increased while dollar has always remained a dollar. I don't know the percentages, but I think it's like 300 or 400% increase (I may be totally off on this though). So if you bought gold with your dollar back then, you'd know have 3 or 4 dollars.

no you are right! back in 2001...gold was $300 an once and its currently $903 an once right now...those who bought gold then were smart...look at the difference

what does that tell you friends?

 

[creecher]

teemu you only have half the facts and run off scare mongering in the process. You really are a funny guy. With you, a little information becomes dangerous.

Gold is just another representation of value. Money is not just printed out willy nilly. It is printed out depending upon certain gathered statistics.

Governments do want to run more efficiently and part of running a government is making the people safe. This is why there is a push for a paperless society, yes, so that the government knows everyones finances and can more accurately fleece, I mean tax you accordingly. They will know how much the system can bear. It also means that money will be more difficult to launder, hide under a mattress, and all other types of criminal activity involving cash deals.

This is the digital age. Everything is represented by one's and zero's. People can use whatever they want to represent money. Shells, coins and paper, and soon, digital information sent down a wire or light. It isn't backed by gold or any other precious metals or stones. It is backed by the government of the day, to promise its value or worth. It changes in relation to other global factors, that's why the exchange rates vary on a day to day basis.

 

[nash]

teemu you only have half the facts and run off scare mongering in the process. You really are a funny guy. With you, a little information becomes dangerous.

Gold is just another representation of value. Money is not just printed out willy nilly. It is printed out depending upon certain gathered statistics.

Governments do want to run more efficiently and part of running a government is making the people safe. This is why there is a push for a paperless society, yes, so that the government knows everyones finances and can more accurately fleece, I mean tax you accordingly. They will know how much the system can bear. It also means that money will be more difficult to launder, hide under a mattress, and all other types of criminal activity involving cash deals.

This is the digital age. Everything is represented by one's and zero's. People can use whatever they want to represent money. Shells, coins and paper, and soon, digital information sent down a wire or light. It isn't backed by gold or any other precious metals or stones. It is backed by the government of the day, to promise its value or worth. It changes in relation to other global factors, that's why the exchange rates vary on a day to day basis.

Thanks for that post creech, that puts things in a way more logical perspective for me at least

 

[teemu]

teemu you only have half the facts and run off scare mongering in the process. You really are a funny guy. With you, a little information becomes dangerous.

Gold is just another representation of value. Money is not just printed out willy nilly. It is printed out depending upon certain gathered statistics.

Governments do want to run more efficiently and part of running a government is making the people safe. This is why there is a push for a paperless society, yes, so that the government knows everyones finances and can more accurately fleece, I mean tax you accordingly. They will know how much the system can bear. It also means that money will be more difficult to launder, hide under a mattress, and all other types of criminal activity involving cash deals.

This is the digital age. Everything is represented by one's and zero's. People can use whatever they want to represent money. Shells, coins and paper, and soon, digital information sent down a wire or light. It isn't backed by gold or any other precious metals or stones. It is backed by the government of the day, to promise its value or worth. It changes in relation to other global factors, that's why the exchange rates vary on a day to day basis.

sounds like you would love big brother and more government in your life! I guess when the implantable chip comes, your right hand will extended right out wouldnt it and take one? My information is not scaremongering, its true...research the truth of money and look at history...money is absolutely printed out of nothing and because of that...it devalues our currency..its not scaremongering..its being a realistic....for me, its common sense and knowledge.....hey! those who want to believe in our fraud economy
continue on!

 

[teemu]

Thanks for that post creech, that puts things in a way more logical perspective for me at least

no he just is pampering you and making you feel that everything is just fine like the TV/media tells you

there is no recession, even though people are losing their jobs everyday left and right....I am done

 

[creecher]

The sky is falling the sky is falling. While that is true it's not caused by the poles holding it up failing.

What something sounds like to you isn't necessarily the truth. I don't like all the government intervention into our civil right of holding our own privacy intact. So in that respect you are wrong and I agree that they are degrading our rights somewhat. You are correct that money is printed on paper and that paper is worthless, but you are wrong in that it does represent a value determined upon factors and facts gathered.

Rather than continue on, in your case I'd say, carry on. You really are good value. That's priceless.

 

[OSCORP]

Teemu you need a They live or obey avatar for sure man!

May i suggest?

\

 

[teemu]

Teemu you need a They live or obey avatar for sure man!

May i suggest?

\

thanks krayt I saved them all and will use the other 2 for later

 

[dr_teng]

I want to support the stimulus package but with so much "pork" in it, it is hard to. a couple of billions for Acorn, millions of dollars in contraception (I don't think that stimulate the economy) and a couple hundreds of millions going to unions and new government buildings and computers. The objective of a stimulus is to stop the down spiral of the economy right now. According to what I heard and read, it is not going to help stimulate the economy very much but benefit a lot of people who are connected with the democratic party.

Unfortunately, whatever sources you're reading from are presenting you with incorrect information, you should consider finding more accurate ones in the future. Contraception funding was dropped (and yes, funding contraception does benefit the economy in the long run when there's less babies in poor families), and a couple billion was not given to ACORN. A couple billion was however given to community development grants, developing or refurbishing low-income housing, and to staving off foreclosures via the neighbourhood stabilization program. ACORN is one of a number of organizations that works on those kinds of projects.

If you want to read what the bill actually contained, here's an analysis by Mark Zandi of economy.com (he's a republican for what it's worth) :

https://www.economy.com/mark-zandi/documents/Economic_Stimulus_House_Plan_012109.pdf

Anywho, come to your own conclusion, but at least now you'll have the proper facts!

 

[DarkArtist81]

Unfortunately, whatever sources you're reading from are presenting you with incorrect information, you should consider finding more accurate ones in the future. Contraception funding was dropped (and yes, funding contraception does benefit the economy in the long run when there's less babies in poor families), and a couple billion was not given to ACORN. A couple billion was however given to community development grants, developing or refurbishing low-income housing, and to staving off foreclosures via the neighbourhood stabilization program. ACORN is one of a number of organizations that works on those kinds of projects.

If you want to read what the bill actually contained, here's an analysis by Mark Zandi of economy.com (he's a republican for what it's worth) :

https://www.economy.com/mark-zandi/documents/Economic_Stimulus_House_Plan_012109.pdf

Anywho, come to your own conclusion, but at least now you'll have the proper facts!

Thank you so much for posting this.... Something needs to help dig people's heads out of the damn sand.

And Teemu...dude you are a nut. Seriously.

 

[teemu]

Thank you so much for posting this.... Something needs to help dig people's heads out of the damn sand.

And Teemu...dude you are a nut. Seriously.

and your brainwashed!

 

[The Tuggernaut]

You're brainwashed for believing this bull^^^^.

 

[nash]

Im drunk. who gives a ^^^^, life is too short