Banks robbing people?

[Swadius 2.0]

You're familiar with the law of conservation of energy (E = MC ^ 2)? If yes, then I wonder how you imagine buying resources in exchange for paper, fair? And how long do you think the country selling their natural resources in exchange for paper, it will endure?

All physical value representatives is a hedged promise. It is a hope that when you encounter other people within the same local context, they will take that money in exchange for something they are selling. IE. that they to will value it as you do. The type of value and the source of value we place on paper money or gold is no different than the value we place in broccoli , in a car wash, or a phone. We are the source from which all value is derived from, there is no innate property of gold that supersedes this and dictates its own value, or that can sustain itself regardless of the things that value other things. All that is required for short term trade is a bridging of the value of things, and for long term trade the value of things must be perceived to persist and have a level of consistency acceptable to one side over time. And to this there is nothing that gold has over paper money or vice versa.

There is no absolute conservation of value in human society, value can be created and destroyed by thought. It's just that this unique thought must be shared amongst an unspecified number of people in order for this belief to achieve critical mass and it becomes accepted among everyone else. Certain things check this like the everyday hiccups and celebrations in human society. For all intents and purposes though, there's really no difference between a gold standard and a universal currency aside from circumstances like natural disasters or accidents. Many problems today are caused by countries issuing value in a currency that is wildly different from each other. Gold value and the physical value representatives both have a history of fluctuation. The one difference though is that the value of the latter is not solely dictated by the gold mining industry.

 

[RalliX]

The problem in the current system, lies with the financial institutions' actions. They are tantamount to robbery.
The currency is stable enough perhaps, but they garner great financial assets by it creation. In this way they have gained undeserved economic power.

The current banks are parasitic in nature, and I have outlined previously in this thread how one could create a relatively stable currency without their system.

隐藏

I AM BECOME ANDREW JACKSON. DESTROYER OF BANKS.

 

[InfernoOfAbyss]

They are not selling natural resources for paper. They are selling natural resources for a value, that doesn't exist outside of financial computer systems. Just like there's not enough gold to represent the virtual value of world economy, there isn't enough cash to represent it either.

Also, E=MC^2 is not conservation of energy. This is:

In physics, the law of conservation of energy states that the total energy of an isolated system cannot change—it is said to be conserved over time. Energy can be neither created nor destroyed, but can change form, for instance chemical energy can be converted to kinetic energy in the explosion of a stick of dynamite.
A consequence of the law of conservation of energy is that a perpetual motion machine of the first kind cannot exist. That is to say, no system without an external energy supply can deliver an unlimited amount of energy to its surroundings.

E=MC^2 is the mass-energy equivalent, a quite different beast:

In physics, mass–energy equivalence is the concept that the mass of an object or system is a measure of its energy content. For instance, adding 25 kilowatt-hours (90 megajoules) of any form(s) of energy to any object increases its mass by 1 microgram.
A physical system has a property called energy and a corresponding property called mass; the two properties are equivalent in that they are always both present in the same (i.e. constant) proportion to one another. Mass–energy equivalence arose originally from special relativity, as developed by Albert Einstein, who proposed this equivalence in 1905 in one of his Annus Mirabilis papers entitled "Does the inertia of an object depend upon its energy content?"[1] The equivalence is described by the famous equation:
E = mc^2 \,\!
where E is energy, m is mass, and c is the speed of light. Thus, this mass–energy relation states that the universal proportionality factor between equivalent amounts of energy and mass is equal to the speed of light squared. This also serves to convert units of mass to units of energy, no matter what system of measurement units is used.

In conclusion, you are dumb and don't know what you're talking about. But that's no news, business as usual for teenaged Russian "patriots".

Arguing with you is like playing chess with a pigeon. Scatter figures defecate on board and fly to their bragging how he won.

 

[InfernoOfAbyss]

Good cartoon. The reality is more complicated, but unfortunately, I can not give references to English literature.

 

[InfernoOfAbyss]

It also call some questions.

 

[Jhessail]

That's a nice quote. I wonder where I've seen it before?

Debating creationists on the topic of evolution is rather like trying to play chess with a pigeon — it knocks the pieces over, craps on the board, and flies back to its flock to claim victory. - Scott D. Weitzenhoffer

Too bad you didn't prevent yourself from becoming the pigeon, in this case. You're the one claiming that there is some inherent value in gold - that doesn't depend on humans - and arguing that wealth/value is a physical object that follows Laws of Thermodynamics (which you mixed up as well). Awesome job.

 

[InfernoOfAbyss]

That's a nice quote. I wonder where I've seen it before?

Debating creationists on the topic of evolution is rather like trying to play chess with a pigeon — it knocks the pieces over, craps on the board, and flies back to its flock to claim victory. - Scott D. Weitzenhoffer

Too bad you didn't prevent yourself from becoming the pigeon, in this case. You're the one claiming that there is some inherent value in gold - that doesn't depend on humans - and arguing that wealth/value is a physical object that follows Laws of Thermodynamics (which you mixed up as well). Awesome job.

I am always amazed your ability to cling to the words and ignore the essence and your manner offend the interlocutor, which even causes me batthert, to your joy. It is always easier to deny anyone's opinion than to assert its own. Now I understand that you just russophobe and troll who tries to convince me that a true patriot must hate the leader of his country, praising European ideals. That's what I meant about the pigeon. Now leave me the old lady, I'm bored, better post something in your favorite thread "Hooray of democracy in Russia bloody."

 

[Untitled.]

I am always amazed your ability to cling to the words and ignore the essence, your manner offend the interlocutor, which even causes me batthert, to your joy. It is always easier to deny anyone's opinion than to assert its own.

Isn't this what you did here?

Arguing with you is like playing chess with a pigeon. Scatter figures defecate on board and fly to their bragging how he won.

 

[InfernoOfAbyss]

I am always amazed your ability to cling to the words and ignore the essence, your manner offend the interlocutor, which even causes me batthert, to your joy. It is always easier to deny anyone's opinion than to assert its own.

Isn't this what you did here?

Arguing with you is like playing chess with a pigeon. Scatter figures defecate on board and fly to their bragging how he won.

Answer to your question yourself.

 

[Dodes]

Answer to your question yourself.

Yourself answer their question initially to the footlocker.

 

[Mage246]

All he does is post youtube vids and inane crap about economics that is flat out wrong. He's not worth engaging with - he doesn't have any knowledge on the topic.

 

[Falkner92]

“You are about to learn one of the biggest secrets in the history of the world, it’s a secret that has huge effects for everyone who lives on this planet… and you’ll learn it from me, some random f**ktard on YouTube, who has somehow discovered this great secret, and instead of using it to advance himself, has, for some reason, decided to waste his time making dumb, little videos on YouTube indirectly promoting the old Nazi idea of the Jewish world conspiracy."

 

[Splintert]

You missed an end quote.

 

[K-64]

You're familiar with the law of conservation of energy (E = MC ^ 2)? If yes, then I wonder how you imagine buying resources in exchange for paper, fair? And how long do you think the country selling their natural resources in exchange for paper, it will endure?

If you're gonna try to apply physics to economics (how the **** does that even work anyway?), at least read up on what the ****ing formula is. That's the theory of relativity you tit.

Arguing with you is like playing chess with a pigeon. Scatter figures defecate on board and fly to their bragging how he won.

So in that analogy, does that mean you don't know how to play chess properly?

 

[Feragorn]

“You are about to learn one of the biggest secrets in the history of the world, it’s a secret that has huge effects for everyone who lives on this planet… and you’ll learn it from me, some random f**ktard on YouTube, who has somehow discovered this great secret, and instead of using it to advance himself, has, for some reason, decided to waste his time making dumb, little videos on YouTube indirectly promoting the old Nazi idea of the "Jewish world conspiracy."

Hey, the Jewish world conspiracy is a legit thing. Why do you think I and 11000-odd other Jews go to university within 10 minutes of Washington, D.C.? We have weekly meetings in the vaults under the Smithsonian and Capitol Hill.

 

[Mage246]

[me=Mage246]executes Feragorn[/me]

Carry on, nothing to see here.

By the way, not many people know this but the Smithsonian has a shoot-on-sight policy for any trespassers on museum grounds after closing. Food for thought, gentlemen. You stay safe now.

[me=Mage246]walks off, whistling merrily[/me]

 

[Feragorn]

Come to think of it, I haven't seen you at the meetings lately.

 

[Catholic]

Race traitor?

 

[Feragorn]

He might be informing on us to the white people.

 

[Mage246]

I think you have it reversed. You're the one revealing our secrets. I'm just replacing the veil.