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originally posted by: LookingAtMars
a reply to: NoFearsEqualsFreeMan
So shouldnt the real question be, who owns all that money?
Good point. I would say whoever owns the world. I am sure the answer to that question is different for many people. For me, I would have to answer the devil.
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
Is US debt really increasing?
originally posted by: NoFearsEqualsFreeMan
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
I was thinking chickens aswell Joking aside, in the old days you could get your moneys worth in gold. Money should be worth something, and in these global times, it should be worth exactly the same all over the world.
Couldnt money be worth time? one hour, could be worth $60 dollars or something like that.
And private banks shouldnt be the one generating them, and then lending them to us, we can NEVER repay our debt that way. I agree that borrowing money is a problem. Atleast it shouldnt be allowed to put interrest on a loan.
originally posted by: DAVID64
usdebtclock.org...
22 trillion and climbing.
originally posted by: 3n19m470
originally posted by: NoFearsEqualsFreeMan
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
I was thinking chickens aswell Joking aside, in the old days you could get your moneys worth in gold. Money should be worth something, and in these global times, it should be worth exactly the same all over the world.
Couldnt money be worth time? one hour, could be worth $60 dollars or something like that.
And private banks shouldnt be the one generating them, and then lending them to us, we can NEVER repay our debt that way. I agree that borrowing money is a problem. Atleast it shouldnt be allowed to put interrest on a loan.
Well speaking of not being religious, the Bible forbids the charging of interest on a loan. So, there may be some kind of a religious issue going on here for some people. I guess Paying interest is not forbidden tho. Too bad. They had the start of something decent.
originally posted by: 3n19m470
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Good question. Does it really matter (or make sense) that basically every single developed nation on Earth is drowning in debt?
i think a better number to focus on is how much are we owed and by whom?
originally posted by: dragonridr
originally posted by: 3n19m470
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Good question. Does it really matter (or make sense) that basically every single developed nation on Earth is drowning in debt?
i think a better number to focus on is how much are we owed and by whom?
Key is how much of GDP is the debt. Obama increased the national debt significantly. $10.6 trillion in total debt and left with the country owing $19.9 trillion. That’s an average tab of $1.16 trillion a year.
originally posted by: face23785
The debt is going up.
The scariest thing on the debt clock is this:
There should be more of us actually paying taxes.
originally posted by: LookingAtMars
a reply to: DAVID64
You are probable right, but tax revenue is at an all time high and the economy is said to be growing.
I just find it odd that the two clocks have such a large discrepancy.
originally posted by: NoFearsEqualsFreeMan
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
I was thinking chickens aswell Joking aside, in the old days you could get your moneys worth in gold. Money should be worth something, and in these global times, it should be worth exactly the same all over the world.
Couldnt money be worth time? one hour, could be worth $60 dollars or something like that.
And private banks shouldnt be the one generating them, and then lending them to us, we can NEVER repay our debt that way. I agree that borrowing money is a problem. Atleast it shouldnt be allowed to put interrest on a loan.
originally posted by: NoFearsEqualsFreeMan
originally posted by: 3n19m470
originally posted by: NoFearsEqualsFreeMan
originally posted by: Bluntone22
originally posted by: NoFearsEqualsFreeMan
originally posted by: Arnie123
If you want to eat and live, yes.
originally posted by: strongfp
a reply to: face23785
Does money even matter anymore?
Didnt know you could eat money, i never ate any money, and i still live?
They only matter, because human beings, generally are pretty stupid.. Money is worth NOTHING, but we still use it to trade... No wonder the world is in a huge debt to someone or somebody....
Would you rather buy a car with chickens?
Money is a perfect way to trade merchandise.
The ability to borrow money is the problem.
I was thinking chickens aswell Joking aside, in the old days you could get your moneys worth in gold. Money should be worth something, and in these global times, it should be worth exactly the same all over the world.
Couldnt money be worth time? one hour, could be worth $60 dollars or something like that.
And private banks shouldnt be the one generating them, and then lending them to us, we can NEVER repay our debt that way. I agree that borrowing money is a problem. Atleast it shouldnt be allowed to put interrest on a loan.
Well speaking of not being religious, the Bible forbids the charging of interest on a loan. So, there may be some kind of a religious issue going on here for some people. I guess Paying interest is not forbidden tho. Too bad. They had the start of something decent.
Didnt know that. I did know that muslims forbids it aswell (or have something similar, in their religion).
If i can find a religion or cult that forbids me to pay interest, i might just join
originally posted by: Aazadan
originally posted by: LookingAtMars
a reply to: DAVID64
You are probable right, but tax revenue is at an all time high and the economy is said to be growing.
I just find it odd that the two clocks have such a large discrepancy.
Actually, tax revenue is falling. We are having significant shortfalls at the moment, where we are bringing in much less in key months than we have in the past several years. We are doing this in a time where spending is also increasing.
Essentially, we are committing two cardinal sins at the moment, which are lowering rates, and increasing spending while the economy is growing. When the next bubble hits, the only way we will be able to recover is to jump from $1 trillion deficits to $5 trillion by taking interest rates negative and really opening the floodgates on spending.