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Post by acidohm on Sept 14, 2015 15:43:07 GMT
My child came home from the first week of High School along with a new math book which had in full page block letters right in the cover the word thingy. Call me old fashioned but in my day any student found to have marred a text book would be held responsible to purchase a new textbook for the district, today it doesn't register a blip. That rediculous! What a load if shit!!! I mean....thingy!!!
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Post by Andrew on Sept 14, 2015 16:36:51 GMT
My child came home from the first week of High School along with a new math book which had in full page block letters right in the cover the word thingy. Call me old fashioned but in my day any student found to have marred a text book would be held responsible to purchase a new textbook for the district, today it doesn't register a blip. That rediculous! What a load if shit!!! I mean....thingy!!! Are we talking minge here?
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Post by sigurdur on Sept 18, 2015 1:10:04 GMT
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Post by missouriboy on Sept 18, 2015 2:53:41 GMT
The Okies' may be coming home sooner than expected ... of course. they'll be walking!
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Post by sigurdur on Sept 18, 2015 18:43:02 GMT
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Post by missouriboy on Sept 18, 2015 20:46:17 GMT
I've been reading no, that the market will continue to go up and up and up Until it doesn't! Sad memories ... Go with throttle up Challenger!
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Post by missouriboy on Sept 18, 2015 21:42:25 GMT
Nice, straight forward analysis. My gut says he may be very optimistic in the 2-3 year range ... but I've taken a pepto bismal or two in my time.
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Post by nautonnier on Sept 20, 2015 10:13:23 GMT
Nice, straight forward analysis. My gut says he may be very optimistic in the 2-3 year range ... but I've taken a pepto bismal or two in my time. There is a continual confusion of 'Wealth' with 'Money'. What Sig produces is 'wealth' the amount of money that represents that wealth is elastic. So our fractional banking system allows bankers to invent 'money' from nothing and the Fed can invent yet more money by 'Quantitative Easing' , but they have not invented wealth they can't. So the increase in money has not increased wealth only the amount of money to represent the wealth. It is only those countries that actually produce tangible goods that really become 'wealth'y. In consequence it should be the 'wealth' creators that are encouraged with reward not the money inflaters, yet that is not the case in the USA or Europe.
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Post by sigurdur on Sept 20, 2015 14:12:01 GMT
You got it Naut.
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Post by missouriboy on Sept 20, 2015 15:00:01 GMT
Nice, straight forward analysis. My gut says he may be very optimistic in the 2-3 year range ... but I've taken a pepto bismal or two in my time. There is a continual confusion of 'Wealth' with 'Money'. What Sig produces is 'wealth' the amount of money that represents that wealth is elastic. So our fractional banking system allows bankers to invent 'money' from nothing and the Fed can invent yet more money by 'Quantitative Easing' , but they have not invented wealth they can't. So the increase in money has not increased wealth only the amount of money to represent the wealth. It is only those countries that actually produce tangible goods that really become 'wealth'y. In consequence it should be the 'wealth' creators that are encouraged with reward not the money inflaters, yet that is not the case in the USA or Europe. As a very young student, I remember one definition of wealth titled as 'basic' activities. At the national level, these were largely (but not totally) tangible commodities ranging from wheat to cars that formed the 'basic' account balance of the nation ... those items that, when exported in amounts exceeding imports, accounted for a nations' wealth and its change over time. The populaces' fuzzy measure of well being evolves to and beyond the true wealth of the nation. My generations' measure of well being is very different than that of my father's generation. It has been fed and devalued by the likes of politicians and money changers in an ever-changing tango of dreams and illusion, and fiat currency has become the default measure. This, of course, is much too simple ... but this simple "Guide to Ancient Roman Coinage" shows many of the elements. Like coinage of today, Ancient Rome's coins represented portions of larger denominations. The As, the basic unit, functioned like our penny. And like our penny, through inflation it experienced a loss of buying power. During the time of the Roman Republic, you could buy a loaf of bread for ½ As or a liter of wine for one As. A year's pay for a commander in the Roman army around 133 B.C. was 10-2/3 Asses, by Augustus' rule (27 B.C.-A.D. 14) 74 Denarii, and by the reign of Septimus Severus (A.D. 193-211), it rose to 1,500 Denarii. 1 As = a "whole" or "one" unit 2 Asses = 1 Dupondius 4 Asses = 1 Sestertius 16 Asses = 1 silver Denarius 8 Dupondii = 1 Denarius 4 Sestertii = 1 Denarius 2 Denarii = 1 Antoninianus 25 Denarii = 1 Aureus www.littletoncoin.com/webapp/wcs/stores/servlet/Display%7C10001%7C10001%7C-1%7C%7CLearnNav%7CGuide-to-Ancient-Roman-Coinage.htmlIt may be instructive that the basic currency unit was known as the 'As' (Ass??)!
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Post by sigurdur on Sept 20, 2015 15:32:43 GMT
Wealth can only be created by production. The rest of society feeds off that wealth.
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Post by glennkoks on Sept 22, 2015 2:31:57 GMT
Nice, straight forward analysis. My gut says he may be very optimistic in the 2-3 year range ... but I've taken a pepto bismal or two in my time. There is a continual confusion of 'Wealth' with 'Money'. What Sig produces is 'wealth' the amount of money that represents that wealth is elastic. So our fractional banking system allows bankers to invent 'money' from nothing and the Fed can invent yet more money by 'Quantitative Easing' , but they have not invented wealth they can't. So the increase in money has not increased wealth only the amount of money to represent the wealth. It is only those countries that actually produce tangible goods that really become 'wealth'y. In consequence it should be the 'wealth' creators that are encouraged with reward not the money inflaters, yet that is not the case in the USA or Europe. Nautonnier, Is the dollar a "tangible good"? Because currently we can print it and exchange it for very real things like oil and gold. As long as oil producing nations are willing to exchange roughly 2 barrels of oil for a C note that we printed up on a press I would consider us "wealthy".
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Post by nautonnier on Sept 22, 2015 16:57:08 GMT
There is a continual confusion of 'Wealth' with 'Money'. What Sig produces is 'wealth' the amount of money that represents that wealth is elastic. So our fractional banking system allows bankers to invent 'money' from nothing and the Fed can invent yet more money by 'Quantitative Easing' , but they have not invented wealth they can't. So the increase in money has not increased wealth only the amount of money to represent the wealth. It is only those countries that actually produce tangible goods that really become 'wealth'y. In consequence it should be the 'wealth' creators that are encouraged with reward not the money inflaters, yet that is not the case in the USA or Europe. Nautonnier, Is the dollar a "tangible good"? Because currently we can print it and exchange it for very real things like oil and gold. As long as oil producing nations are willing to exchange roughly 2 barrels of oil for a C note that we printed up on a press I would consider us "wealthy". You are misusing words. The dollar is not a tangible 'goods' they are just printed paper or electronic numbers. A bushel of corn, a Car, even a barrel of oil are tangible goods. As the inflation rates change and the supply of tangible goods alter the number of dollars for the corn, car and oil continually vary. Countries that create goods are creating wealth. Creating money - printing more dollars - reduces the number of dollars that are needed for the wealth of the tangible goods.
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Post by glennkoks on Sept 23, 2015 4:09:26 GMT
Nautonnier,
I was being a little facetious.
As the worlds reserve currency we have the benefit of simply being able to print money. Other nations actually have to grow a bushel of corn, build a car or produce a barrel of oil in exchange for the Greenback. All we have to do is print it.
It's a great privilege right up until the rest of the world gets tired of it.
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Post by sigurdur on Sept 23, 2015 13:28:22 GMT
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