If your 'hassle' is insinuating that I have linked to websites I haven't, and generally throwing completely unfounded insults, then dodging any questions coming back at you, well it's hassle that doesn't bother me Bernie. I might add, I am surprised at you.Bernie Gunther said:Mutual support is all very admirable, but you wouldn't be getting hassled if you could make a clear case for your views based on reliable sources.
Jazzz said:This time you have.
Here's some links again. Could you explain what's 'conspiranoid noise' about them?
www.prosperityuk.com
www.perfecteconomy.com
It was an old thread, that White Lotus ran off to because she couldn't face the fact that she didn't really know about money at all. Don't let them bother youAzrael23 said:They`ve started a "conspiraloon" thread in general chit chat
I think they`re regrouping....its mildly cretinous
I do understand about money quite well, thank you. I have worked with quite large sums in various capacities, and have worked for two financial publishers. I just can't be arsed to tackle the mish-mash of half-baked theories being bandied about by four of you.Jazzz said:It was an old thread, that White Lotus ran off to because she couldn't face the fact that she didn't really know about money at all. Don't let them bother you
But you don't - you just think you do. Your assertion that banks do not create money was completely erroneous. Even the bankers admit it! 97% of our currency is bank-created - on which interest is payable.White Lotus said:I do understand about money quite well, thank you. I have worked with quite large sums in various capacities, and have worked for two financial publishers. I just can't be arsed to tackle the mish-mash of half-baked theories being bandied about by four of you.
Jazzz said:But you don't - you just think you do. Your assertion that banks do not create money was completely erroneous. Even the bankers admit it! 97% of our currency is bank-created - on which interest is payable.
And don't lump me in with any other poster here. I speak for myself only.
zArk said:hahahahahahhahahah
envoking "cultural capital"
ahahahahahahahahahaa
zArk said:i am sick of getting shit off you lot.
zArk said:Gone over and over the points with you and in the end you claim you have knowledge of the economic system, sociology, culture and psychoanalysis but produce no indication that you know anything at all.
zArk said:explain explain explain
money is a commodiity -- how does this affect capitalism
come on all knowing one. Be bored and dull just for one post of exquisite knowledge
Jazzz said:1. I've certainly never said I believe lizards rule the world.
Jazzz said:2. Slaar isn't the only poster that went to Cambridge around here.
Jazzz said:3. The fact that even someone with an economics degree from Cambridge didn't appreciate that banks create credit out of thin air - doesn't that tell you something?
zArk said:well, due to this capitalism is a fraud. It doesnt exist. Literally, capitalisms formation as a concept is debased.
The entire economc system is based upon "signs" [baudrillard]
ergo --- capital, capitalists, ideology, politics, tories, new labour, class is based upon "sign", therefore it is myth.
Blagsta said:You're a lunatic Jazzz.
What utter bollocks. Capitalism is very, very real and whether or not you feel it makes sense doesn't have any impact on the negative effects capitalism has on real life.zArk said:well, due to this capitalism is a fraud. It doesnt exist. Literally, capitalisms formation as a concept is debased.
The entire economc system is based upon "signs" [baudrillard]
ergo --- capital, capitalists, ideology, politics, tories, new labour, class is based upon "sign", therefore it is myth.
Bernie Gunther said:I think the point being missed here may be this. It's all very well to talk of money as a commodity or abstraction, but that is not the only precondition for capitalism.
At least as important is the creation of a class with nothing to sell but their labour. This is why I was trying to raise the subject of primitive accumulation earlier.
I see you've not yet replied to my last post. You're yet to define what you mean by 'creating credit out of thin air'. Banks do not just, as you say, type numbers onto a spreadsheet. Money is deposited with them, they have to hold some as a reserve requirement as not everybody wants to spend it at once, and some deposit money in banks long term so the banks know they can use it; indeed, that's why bank deposit accounts bear interest for savers. It's not just big bad banks who gain, but people like you and I with savings accounts.Jazzz said:1. I've certainly never said I believe lizards rule the world.
2. Slaar isn't the only poster that went to Cambridge around here.
3. The fact that even someone with an economics degree from Cambridge didn't appreciate that banks create credit out of thin air - doesn't that tell you something?
Bernie Gunther said:I think the point being missed here may be this. It's all very well to talk of money as a commodity or abstraction, but that is not the only precondition for capitalism.
At least as important is the creation of a class with nothing to sell but their labour. This is why I was trying to raise the subject of primitive accumulation earlier.
zArk said:You are adding another element to this discussion
accumulation
"capitalism" is quite separate
as is wealth from money
they are not arbitary forms that interlink unless one moves analysis beyond "production of money".
Each of the above elements are, within accepted sociological thinking, separate entities.
I submit to you that because Money is Commodity, all elements merge and overlap wealth, money, value, capitalism, ethics, morals, accumulation, politics, identity, ideology, class without a basis in the 'real'.
Capitalism re-produces [RP] the real, there are 'RPreal' effects - factories, sweatshops, nukes, weapons, offices. I have never claimed that these things 'dont exist' per se instead that they are a perfect reproduction of the real.
The position God is given, through Descart, has been subsumed by this system. The system is in everything and everywhere around us.
Class is created through this system. The identity is based within a system that structures essential self as separate from capitalism and that capitalism perverts the self producing Class - working, ruling, middle.
This whole structure that introduces class, capitalism, socialism, identity is based after the production of money as a commodity. apriori of this system is pure sign.
Money is commodity, exchange mechanism, it has exchange value and it has use value co-inciding.
To [i will answer again, cause none of you will] place money as commodity within the concept of capitalism results in the initial find that the people/group who own the means of production are the bankers. Now this becomes less clear as we discover that the Bank is a corporation. The Bank owns itself. The investors can never produce more money than the bank, the bank is above and beyond any group or person owning it, through capitalism.
So we have a bank, that is entirely self-sufficient and under the law of the land is an individual.
Capitalism, rather than finding a person with agency, ethics, morals, it finds an individual created through Beaurocracy and protected by beaurocracy.
Capitalism is produced through signs and as such is baseless, it is myth.
all elements merge and overlap; wealth, money, value, capitalism, ethics, morals, accumulation, politics, identity, ideology, class without a basis in the 'real'.
Futhermore, using Capitalism [just to illustrate futher], money produces money which produces money. It is self-replicating, creating itself through its own image. As this system has proliferated throughout society re-producing the real in its own image, the Bank itself begins to re-produce itself.
Money is disappearing - literally - the cashless society is the final move of this system, re-producing its own self as society. Money will become completely beaurocrasy* - information.
*please note this explanation is through capitalist thinking.
It is always-already information yet in a visable and tangible form that of coins and notes, the deceiving system hides its basis through them. The determinate form is inside capitalism and outside of it, perverted self and essential self. Commodity/exchange mechanism/ use value and exchange value spread across the definitions and structure proposed by Capitalism and merge with the Production of Money.
The economy is at once internalised and material.
Quite so. There have been frequent financial collapses in the past, most notably recently in Argentina. But money is almost always an aggrevating factor rather than the trigger (in Argentina it was in part a nation spending far beyond its means over a long period of time).Bernie Gunther said:I'd phrase it like this.
One interesting question is the size of the difference between the total of paper claims on wealth and the total wealth due to productive labour and primitive accumulation.
Another interesting question is what is likely to happen as a result of that difference. Will it generate massive devaluations, recomposition, WW3 etc?
Bernie Gunther said:I'd phrase it like this.
One interesting question is the size of the difference between the total of paper claims on wealth and the total wealth due to productive labour and primitive accumulation.
Another interesting question is what is likely to happen as a result of that difference. Will it generate massive devaluations, recomposition, WW3 etc?