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Originally posted by Convicted
Originally posted by Raivan31
Originally posted by Convicted
reply to post by Raivan31
LOL, there is this thing called cash.
You should look into it.
ok, good point.
What gives cash it's value?
Who controls the aforementioned institution?
The value of cash is more or less controlled by the relative faith hat people, companies, government, and institutions have in the government that issued the cash. In the greeks case, and part of why they are screwed is that they dont have their own currency. They are on the EURO. If they had their own currency they could inflate their way out of the problem, but since they are on the euro they cannot and places like Germany and France are doing relatively well compared to Greece, which compounds the problem.
Originally posted by Witness2008
reply to post by munkey66
Once your paycheck clears, remove the cash keeping only the minimum amount required in the account. Use cash to pay your bills and make your purchases. If you have savings to invest, buy some precious metals.
BURN the credit cards and let the banks know you have done it. It will take some effort, do what you can.
Originally posted by Raivan31
Originally posted by Convicted
Originally posted by Raivan31
Originally posted by Convicted
reply to post by Raivan31
LOL, there is this thing called cash.
You should look into it.
ok, good point.
What gives cash it's value?
Who controls the aforementioned institution?
The value of cash is more or less controlled by the relative faith hat people, companies, government, and institutions have in the government that issued the cash. In the greeks case, and part of why they are screwed is that they dont have their own currency. They are on the EURO. If they had their own currency they could inflate their way out of the problem, but since they are on the euro they cannot and places like Germany and France are doing relatively well compared to Greece, which compounds the problem.
Think about the repercussions of massive inflation.
The way in which 'Faith' in the value of a given currency is earned is through the growth and actions of the massive corporations, When the corporations fail the goverment steps in to bail them out because the goverment, like in greece, relies more so on public faith in the value of it's currency then the publics faith in the goverment. When the value of a given countries currency falls flat the goverment can no longer maintain control.
Are you seeing the trend that i have issue with here?
It's the frame work of how our Modern nations are structure that i find faulty, and this frame work relies entirely on the value of the currency which in turn relies on the strength of the economy which in turn relies on the strength of the various corporations that make up the economy.
So who is really running your country?
Does voting or even the fundamental democratic process, whatever it's incarnation, really have any power?
Originally posted by Witness2008
reply to post by Raivan31
It may if millions of people do the same thing.
Stop and consider if we all stopped using credit to make our purchases. BOA will be losing millions with that little cap of a 21 cent usage charge for debit cards. Imagine the cut into their corporate bonuses when they lose the 2 to 3% from merchants, and your annual fee and interest. Financial Armageddon for the banks.
Originally posted by Convicted
reply to post by Raivan31
Good point, but the problem is not the system. Its people spending more than they make. Look at our grandparents. They saved. They paid cash for things. They didnt have big houses or two new cars or an iphone or cable or designer clothes. They lived off of what they could afford and they saved. So maybe for this system to work, people have to actually act responsibly.
Originally posted by Convicted
reply to post by Raivan31
LOL, welcome to the real world. Look I would love to hang out all day with my family or goof off with my friends, but you gotta work. Sometimes life choses your priorities for you to some degree. People have to work if they want to be able to have food, shelter, etc.. Its always been that way and it will always be that way. If you prioritize other things over money then you cant really complain when you have lots of them and little money as it was your choice.
Originally posted by Anusuia
reply to post by kozmo
Hmmm...communism , the boogie man . Communism is a natural state of being in the spiritual sense as all parts are centred around the Whole , working in a loving unison with the Whole . Spirituial communism .
What we have here on our mundane plane of existences is the exact reversial of the effects that has on the parts . Here if we worship the whole that was set up as Government by anyone or anything , we are in big trouble as that Whole wishes to exploit is smaller memebers to feed itself in a glutinous way .
The Whole of the mundane world communism is a selfish vampire that seeks what IT sees as a limited resource . your energy , the energy of all living creatures and the energy of all non living materials . like resources / commoddities
Originally posted by Convicted
reply to post by Raivan31
LOL, support what system? The evil system that provides your electicity? The evil system that provides your water? The evil system that provides your phone?
If you dont like making money for someone else then start your own business and make it for yourself.
The only bill I pay that I didnt choose or have control over is my tax bill.edit on 5-10-2011 by Convicted because: (no reason given)