Blagsta
Minimum cage, maximum cage
See. Even there you're being self-important.
And people say Freud was wrong.
"Banks create money out of nothing" - Guardian
- Thread starter Jazzz
- Start date
And people say Freud was wrong.
Rubbish.
belboid
Exasperated, not angry.
There is absolutely nothoing wrong with doing this. It's quite a sensible thing to do. But surely a more relevant question is, 'would it be sufficient to change the endemic corruption at the heart of the banking system, and is it the driving force of the banking system?'
And the answer is 'No.'
Yes, fractional reserve banking is an example of the systems bullshit, but its not - despite what Jazzz and the naive liberals of the positivemoney.org lot - the driving force, or central determinant.
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
I dont' think so. They're nowhere near that coherent from what I can see. They are whatever he's linking to at any given moment.
Blagsta you seem more obsessed with this whole Jew thing than pretty much any other poster I've seen on this site, seriously wtf ?
I don't think it applies here, but I've noticed a tendency in the USA recently to suggest that anti-capitalism is necessarily anti-semitic. You can sort of see how such an argument could be made plausible...
butchersapron
Bring back hanging
This article by this awful woman has nothing whatsoever to with fractional reserve banking. It's to do with fictitious capital, credit money and the velocity of circulation.
So what seems to be the problem here?
ViolentPanda
Hardly getting over it.
To be fair, I'd like to know what planet the suntanned cunt is on, to think that people "suddenly" want to string bankers up.
Don't fret, Tone. We want to string you and your ilk up too.
littlebabyjesus
one of Maxwell's demons
It reads to me like something written by someone who's just discovered Minsky and the endogenous theory of money creation, but hasn't absorbed it properly yet.
itwillnotwork outlined this position more accurately earlier in this thread.
ViolentPanda
Hardly getting over it.
He really got the pip when Kollerstrom got kebabed by Urbs too.
Oh well, I'm off to Poland. I fancy using the inmates' swimming pool at Auschwitz.
Is this your first time on a jazzz thread or something itwillneverwork?
That's a problem with being a believer in almost any faith.
butchersapron
Bring back hanging
What she's just read is the positive money stuff - that's plain as day by her quotes. I'd be very surprised if she went anywhere near Minsky.
gosub
~#
He does work for J P Morgan
ViolentPanda
Hardly getting over it.
ViolentPanda
Hardly getting over it.
It's a pity none of that knowledge rubbed off on his missus, then.
belboid
Exasperated, not angry.
she's only just managed to finish one. hence her shock at basic economics
taffboy gwyrdd
Embrace the confusion!
"Banks create money out of nothing" - Guardian
In other news: 3rd Reich Launches Invasion Attempt On USSR: "This could go badly for the little Austrian" say analysts.
In other news: 3rd Reich Launches Invasion Attempt On USSR: "This could go badly for the little Austrian" say analysts.
Idaho
blah blah blah
Three people enjoy a meal at a Thai restaurant. The waiter brings the bill for £30 so each person pays £10.
Later the chef realises that the bill should have only been £25 so she sends the waiter back to the table with £5. The waiter was not very good at Maths and could not figure out how to divide the £5 so he gave each person a £1 and kept £2 for himself.
So....the three people have paid £9 each for the meal.
9x3=27
The waiter kept £2
27+2 = £29
What happened to the other pound?
That proves that money is magic and just, like, appears and dissapears and stuff sometimes.
Later the chef realises that the bill should have only been £25 so she sends the waiter back to the table with £5. The waiter was not very good at Maths and could not figure out how to divide the £5 so he gave each person a £1 and kept £2 for himself.
So....the three people have paid £9 each for the meal.
9x3=27
The waiter kept £2
27+2 = £29
What happened to the other pound?
That proves that money is magic and just, like, appears and dissapears and stuff sometimes.
love detective
there's no love too small
Out of the original £30:-
The restaurant ends up with £25
The waiter ends up with £2
The three people end up with £1 each
£25+£2+£1+£1+£1 = £30
(the waiters £2 comes out of the £27 that the people paid, so you can't add it on to it again, there's no mystery)
The restaurant ends up with £25
The waiter ends up with £2
The three people end up with £1 each
£25+£2+£1+£1+£1 = £30
(the waiters £2 comes out of the £27 that the people paid, so you can't add it on to it again, there's no mystery)
Idaho
blah blah blah
I see the lizards have left their mark on you.
love detective
there's no love too small
bazinga!
Pickman's model
Starry Wisdom
of course that would never happen because chefs never deal with bills in restaurants.
and the restaurant would have kept the fiver and the stupid situation you outline would thus certainly never have occurred.
Idaho
blah blah blah
(Adds more names to the lizard files)
Pickman's model
Starry Wisdom
your file is second in size only to that of the great jazzz
Blagsta
Minimum cage, maximum cage
Yeah, I used to think that too. How long do we make excuses for someone?
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
It's not intended to be an excuse - his links are usually extremely dodgy. I just don't think he's has coherent fascist ideas or politics.
two sheds
Least noticed poster 2007
Incidentally, I seem to remember in good old economics that a government just printing money was inflationary, and that whenever governments printed money they were accused of poor economic judgement for that reason.
There's seldom any mention of inflationary effects with 'quantitative easing', perhaps giving it a new name avoids all that.
There's seldom any mention of inflationary effects with 'quantitative easing', perhaps giving it a new name avoids all that.
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