In strictly numbers terms, the wealth of the USA is somewhere in the neigborhood of $60-70 trillion. National debt is about $40-45 trillion. So the US
as a country does have more wealth than debt as a whole. The problem is that 30 years ago there was also a spread between bewteen wealth and debt of
about $20 trillion. Thus no new wealth has been created in this country over the last several decades.
The reason for this is our monetary system. In real terms, we cannot create a dollar of wealth without creating a dollar of debt. Thus under the
current money system there is actually no way to increase real national wealth. Since that is the case then every dollar worth of wealth that leaves
this country actually serves to decrease national wealth. As a result we have not even realized the increase of wealth that inflation should have
brought us the last few decades.
The point of all of this is to say that the current discussions on taxes, spending, debt ceiling are truly meaningless. It just kicks the can down the
road. My hope is that these discussions eventually force the real issue, the money system, to be put on the table and reformed. Not passing the debt
ceiling would hasten this reform, but the cost would end up being much higher.
Bottom line is that we need to get rid of the debt based system and when we do, we will NEED government defecit spending in order to allow the economy
to grow wealth because getting rid of the debt based system will also stop banks from creating money. In fact even if we don't change the money
system we still NEED government defecit spending in order to create debt and thus money, so that our national wealth can keep up with inflation, less
of course the amount that the bastards ship overseas.
apple now has more money than united states, page 2
privacy
reply posted on 29-7-2011 @ 12:17 PM by galadofwarthethird
reply to post by bsalert
Paper money and credit is worthless, compared to the commodities that its used to trade for. Earth dude is right it ain't worth the paper its printed on without the assets to back it up, and hence that's why the war machine is in the countries and places were those assets can be reaped cheaply without to much commotion from the local populous.
When you trade the only thing that is really worth anything for paper or zeros and ones in a computer, which can be made up out of thin air. You really are not to bright. And so Apple and Steve Jobs is only as rich as he can convince people to buy his crap at over-inflated prices.
You see its all supply and demand, and the only thing that dictates richness is demand, and so we have the whole machine set up for people to buy and consume stuff and whole sections of peoples just on keeping the demand up by all kinds of ways such as advertisements and all other kinds of little mind tricks.
Steve Jobs and all others are just products of the state which was created by others, really they have not had an idea that was not stolen or made by others or put there for a purpose by others. They are sales men, who know a thing or two about what there selling and are riding the wave while it lasts. But really this is the time and place and age to sell what there selling, and anybody else can be successful if they were in there shoes at it, if they but knew a thing or two about it.
And so nations and state are way more powerful then companies and individual people. And apple and people like steve jobs or bill gates are the products of the state, they just got to big for there breaches, but really they are only as rich as demand dictates. So people enjoy the ride while it lasts, because nothing lasts forever.
Paper money and credit is worthless, compared to the commodities that its used to trade for. Earth dude is right it ain't worth the paper its printed on without the assets to back it up, and hence that's why the war machine is in the countries and places were those assets can be reaped cheaply without to much commotion from the local populous.
When you trade the only thing that is really worth anything for paper or zeros and ones in a computer, which can be made up out of thin air. You really are not to bright. And so Apple and Steve Jobs is only as rich as he can convince people to buy his crap at over-inflated prices.
You see its all supply and demand, and the only thing that dictates richness is demand, and so we have the whole machine set up for people to buy and consume stuff and whole sections of peoples just on keeping the demand up by all kinds of ways such as advertisements and all other kinds of little mind tricks.
Steve Jobs and all others are just products of the state which was created by others, really they have not had an idea that was not stolen or made by others or put there for a purpose by others. They are sales men, who know a thing or two about what there selling and are riding the wave while it lasts. But really this is the time and place and age to sell what there selling, and anybody else can be successful if they were in there shoes at it, if they but knew a thing or two about it.
And so nations and state are way more powerful then companies and individual people. And apple and people like steve jobs or bill gates are the products of the state, they just got to big for there breaches, but really they are only as rich as demand dictates. So people enjoy the ride while it lasts, because nothing lasts forever.
edit on 29-7-2011 by galadofwarthethird because: (no reason given)
reply posted on 29-7-2011 @ 01:09 PM by cerebralassassins
ive been watching pimco and its moves for some time now, it they are doing exactly as expected.
www.pimco.com...
www.pimco.com...
Critical Mass Has Arrived: Fast & Furious Scandal - Dems Join With GOP
Posted 18 days ago with 32 member flags
Posted 18 days ago with 32 member flags
Ron Paul, Adam Smith Push To End Indefinite Detention Of Americans
Posted 13 days ago with 20 member flags
Posted 13 days ago with 20 member flags
Newest topics, updated in real-time:
Newest topics getting flags, in real-time:
10-year-old deaf girl hears herself for the first time-Must See!!
Science & Technology: 17 hours ago, 34 flags
Science & Technology: 17 hours ago, 34 flags
Newest topics getting replies, in real-time:
Aussie Gov Says They'll Fine Anyone Who Blames Carbon Tax For Price Increases, Despite Carbon Tax C
Breaking Alternative News: 17 hours ago, 63 replies
Breaking Alternative News: 17 hours ago, 63 replies
Security backdoor found in China-made US military chip
Breaking Alternative News: 16 hours ago, 32 replies
Breaking Alternative News: 16 hours ago, 32 replies
Fury as school girls forced by teachers to lift up their tops to prove they aren’t hiding mobile p
Other Current Events: 16 hours ago, 30 replies
Other Current Events: 16 hours ago, 30 replies
Syrian diplomats ordered to leave Australia in next 72 hrs.
Breaking Political News: 10 hours ago, 27 replies
Breaking Political News: 10 hours ago, 27 replies
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.003 seconds
Page processed in: 0.072 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.003 seconds
Page processed in: 0.072 seconds
