Capitalism ho!
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BANNED
Member # 4
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written Friday, May 20 2005 19:45
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quote:It's not that cut and dry- Keynesnians would argue for saving on behalf of the government in a surplus (whether it be a standalone progressive tax or withholding money); thus leakages in the leakages-injections model during a contractionary economic policy. Furthermore, the Keynesnians assume that saving will affect AD when Expectations or Wealth (two of the many factors that cause Aggregate Demand to be downsloping), and therein assume a certain degree of savings. -------------------- 人 た ち を 燃 え る た め に 俺 は か れ ら に 火 を 上 げ る か ら 死 ん だ Posts: 6936 | Registered: Tuesday, September 18 2001 07:00 |
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...b10010b...
Member # 869
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written Friday, May 20 2005 22:31
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quote:I think you'll find that most people age at approximately the same rate. quote:You know, if the insecurity of the stockmarket bothers you, you could always invest in blue chips instead of day-trading. The returns aren't so good, but you don't risk losing your shirt. -------------------- My BoE Page Bandwagons are fun! Roots Hunted! Posts: 9973 | Registered: Saturday, March 30 2002 08:00 |
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Shaper
Member # 5450
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written Friday, May 20 2005 22:38
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EDIT: This was formerly the same post as below it. But I looked at it, and it was a bit messed up with the quoting. So I replaced it with this. Move along people, nothing too see here. [ Saturday, May 21, 2005 04:37: Message edited by: Sprung Spring ] -------------------- I'll put a Spring in your step. Polaris Posts: 2396 | Registered: Saturday, January 29 2005 08:00 |
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Shaper
Member # 5450
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written Friday, May 20 2005 22:43
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quote:True, but sometimes it feels like your getting older really quickly. -------------------- I'll put a Spring in your step. Polaris Posts: 2396 | Registered: Saturday, January 29 2005 08:00 |
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Infiltrator
Member # 5806
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written Saturday, May 21 2005 02:25
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quote:You are only as old as you feel you are. So, do you real feel that old?  -------------------- So, as the great Groxy, I have come back to be served by goblins. In the "main hall" of the goblin cave was a large totem which resembled very much of... me. Posts: 437 | Registered: Friday, May 13 2005 07:00 |
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Infiltrator
Member # 1220
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written Saturday, May 21 2005 07:49
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I'm a highschool student with expensive tastes and no job. I think I have like 50$. Posts: 484 | Registered: Monday, May 27 2002 07:00 |
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Master
Member # 4614
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written Saturday, May 21 2005 14:16
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That's a really messed up guy right there, Eagle. Just thought I'd say. His hands look rather hideous. EDIT: Changed it to Eagle. [ Saturday, May 21, 2005 14:33: Message edited by: N00BEN ] -------------------- -ben4808 For those who love to spam: CSM Forums RIFQ Posts: 3360 | Registered: Friday, June 25 2004 07:00 |
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Shaper
Member # 5450
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written Saturday, May 21 2005 14:25
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Eagle posted that old guy. I didn't. -------------------- I'll put a Spring in your step. Polaris Posts: 2396 | Registered: Saturday, January 29 2005 08:00 |
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Master
Member # 4614
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written Saturday, May 21 2005 14:34
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Oh. Right. :/ -------------------- -ben4808 For those who love to spam: CSM Forums RIFQ Posts: 3360 | Registered: Friday, June 25 2004 07:00 |
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Agent
Member # 2210
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written Sunday, May 22 2005 07:53
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Blue chips don't come with a guarantee at all. I don't buy the line of crap that if you invest in a company then hold it for forty years it will be a wonderful investing experience. Most companies die after 30 years. I don't particularly like stocks, if I had more money, I would put it in real estate. Real estate tends not to disappear. I feel safer following two or three companies every day, than buying blue chips. Another reason I don't like blue chips is that they are more subject to broker and fund manipulation. The more a stock is covered by analysts and held in funds, the more analysts want the stock to reflect their predictions. It looks bad for market makers when their predictions don't match how the stock is acting. This is part of the reason why we have so many Enron's and Worldcom's. The fundamental value of a stock tends to more closely represent the market when only one or two analysts cover a stock. Also there tend to be less shortsellers with less covered stocks. [ Sunday, May 22, 2005 08:24: Message edited by: Duke of Toast ] -------------------- Wasting your time and mine looking for a good laugh. Star Bright, Star Light, Oh I Wish I May, I Wish Might, Wish For One Star Tonight. Posts: 1084 | Registered: Thursday, November 7 2002 08:00 |
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BANNED
Member # 4
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written Sunday, May 22 2005 08:22
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quote:You do know that real estate is going to hit a bubble-breaking point whenever people finally realize that we'll have nothing left to pay back our crazy-high debts to China and Japan, right? Most of the apparent growth in real estate is middle-class incomes using the ultra-low interest rates to buy upper-class plots of land, racking up debts to subscribe to country clubs, get indoor pools and drive SUVs around. I wouldn't call real estate a good idea when Japan will likely own every golf course in the United States within fifty years. :P (PS- It would be murderously ironic if Japan decided to take Hawaii to balance the Current Account deficit.) -------------------- 人 た ち を 燃 え る た め に 俺 は か れ ら に 火 を 上 げ る か ら 死 ん だ Posts: 6936 | Registered: Tuesday, September 18 2001 07:00 |
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Agent
Member # 2210
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written Sunday, May 22 2005 09:30
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Large amounts of money like deficits and trade balances are symbols subject to manipulation. Like money, which is printed from nothing and owned and regulated by governments (it is illegal for a U.S. citizen to burn or destroy any coinage or bills in their possession.) Stocks are very much intangible, they are certificates or symbols of ownership. There is no inherent value in a dollar bill except for what it represents. The key to this is that the money can be altered if it is not used for fraudulent intent. Art is not necessarily used to defraud people. So it is legal to change pennies into pictures of the golden gate bridge or washington monument. A wonderful example of this is J.S.G. Boggs http://www.jsgboggs.com/whois.html Real estate is very much a tangible asset. It is not going to disappear like a company. It may go up or down in value, but once it is owned it can generate value through rents. In some ways it is a safer form of value than cash or stocks. U.S. money used to be backed by gold. The idea was called the Gold Standard http://www.econlib.org/library/Enc/GoldStandard.html . Now it is backed by nothing but our good will. It is too expensive to produce and store that amount of gold and silver. [ Sunday, May 22, 2005 13:58: Message edited by: Duke of Toast ] -------------------- Wasting your time and mine looking for a good laugh. Star Bright, Star Light, Oh I Wish I May, I Wish Might, Wish For One Star Tonight. Posts: 1084 | Registered: Thursday, November 7 2002 08:00 |
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Shaper
Member # 73
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written Sunday, May 22 2005 10:40
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Something I always thought was odd: If it's illegal to destroy US currency, why do so many places have those machines that squash pennies into interesting pictures? -------------------- The Lyceum - The Headquarters of the Blades designing community The Louvre - The Blades of Avernum graphics database Alexandria - The Blades of Exile Scenario database BoE Webring - Self explanatory Polaris - Free porn here Odd Todd - Fun for the unemployed (and everyone else too) Famous Last Words - A local pop-punk band They Might Be Giants - Four websites for one of the greatest bands in existance -------------------- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Posts: 2957 | Registered: Thursday, October 4 2001 07:00 |
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Shaper
Member # 247
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written Sunday, May 22 2005 11:23
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I have several American dollars right here perhaps I will destroy them. :P -------------------- I stop rubber at 160km/h, five times a week. CANUCKS RESPEK! My Style The Knight Between Posts. Posts: 2395 | Registered: Friday, November 2 2001 08:00 |
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Electric Sheep One
Member # 3431
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written Sunday, May 22 2005 11:32
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Uh, Japan could not 'take' Hawaii, even if it held the entire market value of the islands in US Treasury Bills. That's the funniest darn thing about economics: no matter how much the talking heads might wish us to believe otherwise, economics can at best reflect reality, never prescribe it. -------------------- It is not enough to discover how things seem to seem. We must discover how things really seem. Posts: 3335 | Registered: Thursday, September 4 2003 07:00 |
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Shaper
Member # 73
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written Sunday, May 22 2005 13:14
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However, the US could give Hawaii to Japan as payment. The US bought Alaska, Florida, and the Lousiana Territory, didn't they? No reason they could sell land too, as far as I know. -------------------- The Lyceum - The Headquarters of the Blades designing community The Louvre - The Blades of Avernum graphics database Alexandria - The Blades of Exile Scenario database BoE Webring - Self explanatory Polaris - Free porn here Odd Todd - Fun for the unemployed (and everyone else too) Famous Last Words - A local pop-punk band They Might Be Giants - Four websites for one of the greatest bands in existance -------------------- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Posts: 2957 | Registered: Thursday, October 4 2001 07:00 |
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Warrior
Member # 4590
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written Sunday, May 22 2005 13:50
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quote:Not entirely true, it use to be (can't remember if it still is) that US money was backed with gold. So however much money is printed, there's a corresponding pile of gold sitting somewhere, and some countries still do this. So in that sense, there is some inherent value to it. (And I'd rather carry around a $20 bill than $20 worth of gold bricks!) quote:Because there are some laws they don't really care about! If you're really sure you want to destroy your own money, go ahead and do it! It would only be a problem if massive numbers of people started getting $20s $50s and $100s from the bank and burning them all :) . I don't think there's ever been an FBI bust of people squishing pennies. quote:They could do that, but I think most Hawaiians would probably be pretty offended! -------------------- I often quote myself. It adds spice to my conversation. - George Bernard Shaw Posts: 103 | Registered: Sunday, June 20 2004 07:00 |
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Shaper
Member # 247
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written Sunday, May 22 2005 17:04
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I would think many Hawaiians would like to be on their own. Perhaps not sold but liberated. -------------------- I stop rubber at 160km/h, five times a week. CANUCKS RESPEK! My Style The Knight Between Posts. Posts: 2395 | Registered: Friday, November 2 2001 08:00 |
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Master
Member # 4614
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written Sunday, May 22 2005 17:25
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Sold then liberated. :D -------------------- -ben4808 For those who love to spam: CSM Forums RIFQ Posts: 3360 | Registered: Friday, June 25 2004 07:00 |
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Shaper
Member # 247
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written Sunday, May 22 2005 17:51
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yeah why not ;) -------------------- I stop rubber at 160km/h, five times a week. CANUCKS RESPEK! My Style The Knight Between Posts. Posts: 2395 | Registered: Friday, November 2 2001 08:00 |
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Law Bringer
Member # 335
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written Sunday, May 22 2005 17:54
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America has been off the gold standard for some time now, as someone else pointed out. Money is only worth the faith we have in the U.S. government. Anyone who "alters, defaces, mutilates, impairs, diminishes, falsifies, scales, or lightens any [coins]" or "mutilates, cuts, defaces, disfigures, or perforates, or unites or cements together, or does any other thing... with intent to render [paper money] unfit to be reissued" is a criminal. The intent of the law, however, is to protect against fraud. Nobody cares if you burn your money. Nobody cares if you squish it either. —Alorael, who is amazed by the synonym abuse. It looks like the American legal system may have room for some spammers! Posts: 14579 | Registered: Saturday, December 1 2001 08:00 |
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Electric Sheep One
Member # 3431
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written Sunday, May 22 2005 20:26
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They just got so fed up with nailing vicious perps for mutilating poor, defenseless five dollar bills, and then watching them walk after their fancy-pants lawyers explained that it was only innocent perforation. So they fixed their wagon good. -------------------- It is not enough to discover how things seem to seem. We must discover how things really seem. Posts: 3335 | Registered: Thursday, September 4 2003 07:00 |
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BANNED
Member # 4
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written Sunday, May 22 2005 20:58
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quote:You know, we're going to have to pay off the asian countries somehow for our massive trade deficit, and land seems to be the only real way of doing that... Toast- Oh, I thought you were investing in real estate. No, land is good. -------------------- 人 た ち を 燃 え る た め に 俺 は か れ ら に 火 を 上 げ る か ら 死 ん だ Posts: 6936 | Registered: Tuesday, September 18 2001 07:00 |
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Shaper
Member # 5450
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written Sunday, May 22 2005 21:07
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American money is too fragile. They should make them plastic, like Australian dollars. That way they won't be scrunched up and put into pockets by little kids. -------------------- I'll put a Spring in your step. Polaris Posts: 2396 | Registered: Saturday, January 29 2005 08:00 |
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Bob's Big Date
Member # 3151
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written Sunday, May 22 2005 21:08
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What use does an investment bank have for an island? -------------------- The biggest, the baddest, and the fattest. Posts: 2367 | Registered: Friday, June 27 2003 07:00 |