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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180716
06/10/16 02:35 AM
06/10/16 02:35 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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One last statement before I go.
I don't believe we have a debt problem in our economy. We have a Federal Government and central bank problem. Neither one of these entities seem to want to help the economy at all. Nor do they seem to notice the damage done to people's lives and standard of living. Hence, President Obama clammily he facilitated a recovery to the recession (or more like a depression) from 2007-2010.
Enough people have studied economies in the US and around the world, especially since World War II, that we can understand the issues.
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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180719
06/10/16 02:15 PM
06/10/16 02:15 PM
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SDA
Active Member 2020
5500+ Member
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Joined: Feb 2011
Posts: 6,368
Western, USA
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Why will the cash be worthless? WHAT gives cash value? And as a bonus question - where does 90% of all currency in circulation come from?
Oh, that men might open their minds to know God as he is revealed in his Son! {ST, January 20, 1890}
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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180723
06/10/16 03:20 PM
06/10/16 03:20 PM
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SDA
Active Member 2024
5500+ Member
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Joined: Oct 2008
Posts: 6,515
Midland
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I assume you mean print more money. Well, that is part of the solution, but, why and how this money is counted for are the answers to our economic problems, I believe. Printing more money cannot be a solution. Past history indicates so. How does one change the system when the system is owned by a private company who stands to lose a lot if it is changed? And has infiltrated and controls our government? That's why it seems they don't want to help the economy. Where does 90% of all currency in circulation come from? Printing. Well of course, but more seriously, the government borrows money from a private 3rd party, the private party has the government print it, and then says the government owes debt. Absolutely insane!
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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180727
06/10/16 03:49 PM
06/10/16 03:49 PM
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SDA
Active Member 2020
5500+ Member
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Joined: Feb 2011
Posts: 6,368
Western, USA
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Where does 90% of all currency in circulation come from? Printing.
Well of course, but more seriously, the government borrows money from a private 3rd party, the private party has the government print it, and then says the government owes debt. Absolutely insane! Actually, 90% of all currency in circulation comes from "fractional reserve banking".
Oh, that men might open their minds to know God as he is revealed in his Son! {ST, January 20, 1890}
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Re: Does anyone really know how the economy works now?
[Re: APL]
#180733
06/11/16 10:41 AM
06/11/16 10:41 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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Why will the cash be worthless? WHAT gives cash value? And as a bonus question - where does 90% of all currency in circulation come from? Where does 90% of all currency come from? I would like to know.
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Re: Does anyone really know how the economy works now?
[Re: kland]
#180734
06/11/16 10:44 AM
06/11/16 10:44 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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I assume you mean print more money. Well, that is part of the solution, but, why and how this money is counted for are the answers to our economic problems, I believe. Printing more money cannot be a solution. Past history indicates so. How does one change the system when the system is owned by a private company who stands to lose a lot if it is changed? And has infiltrated and controls our government? That's why it seems they don't want to help the economy. Where does 90% of all currency in circulation come from? Printing. Well of course, but more seriously, the government borrows money from a private 3rd party, the private party has the government print it, and then says the government owes debt. Absolutely insane! Excellent post kland. I completely agree with most of your post, but not; "Printing more money cannot be a solution. Past history indicates so." I am aware of what happened in Germany and Austria after World War I. What caused such hyper-inflation as it is called? Just the presence of more money in the economy!?! That is insane as well. How does money cause hyper-inflation?
Last edited by Alchemy; 06/11/16 10:46 AM.
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Re: Does anyone really know how the economy works now?
[Re: APL]
#180736
06/11/16 11:14 AM
06/11/16 11:14 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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Where does 90% of all currency in circulation come from? Printing.
Well of course, but more seriously, the government borrows money from a private 3rd party, the private party has the government print it, and then says the government owes debt. Absolutely insane! Actually, 90% of all currency in circulation comes from "fractional reserve banking". Fractional Reserve Banking, another insane idea. The economies of the world are designed to be insane. This is not an accident. Yet, a cash based economy will solve the economic woes of our country at least. Personally, I believe it can work everywhere.
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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180738
06/11/16 12:12 PM
06/11/16 12:12 PM
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SDA
Active Member 2020
5500+ Member
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Joined: Feb 2011
Posts: 6,368
Western, USA
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Where does 90% of all currency come from? I would like to know. As stated above, "fractional reserve banking".
Oh, that men might open their minds to know God as he is revealed in his Son! {ST, January 20, 1890}
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Re: Does anyone really know how the economy works now?
[Re: APL]
#180749
06/12/16 01:25 AM
06/12/16 01:25 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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Where does 90% of all currency come from? I would like to know. As stated above, "fractional reserve banking". So, only a small part of the debt created is covered by cash? A trillion dollars in debt is created and only 50 billion dollars in cash is printed to help cover all that debt? How much cash do we have as compared with our debt? A cash based economy will make a lot more sense answering these questions.
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Re: Does anyone really know how the economy works now?
[Re: Alchemy]
#180750
06/12/16 01:30 AM
06/12/16 01:30 AM
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OP
SDA
Active Member 2018
Most Dedicated Member
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Joined: Sep 2011
Posts: 2,264
Asia
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I find it amazing that I asked a simple question about what it takes to pay down or pay off debt, and I don't get a good answer to that question!
In a cash based economy the answer is quite simple.
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