Debt, Debt, Debt.
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- set0
Unfortunately number one problem with this world... Some people want more than others.
'A small number of rich people' - I hope they all die and rot in hell.
- scarabin0
i'm just waiting for an excuse to start a hippy commune.
fuck having water and flashlights for emergencies, i've got a garage full of tools, supplies and solar panels ready to start a new eden somewhere when the shit hits the fan
- Free lovin'?formed
- no, the lovin's $2.99/minutescarabin
- lol @ hippy communepinkfloyd
- Fuck that im starting a regular communecannonball1978
- showpony0
money is kind of fake... this explains where the money "went" quite well:
- detritus0
The debt is mostly our own, or at worst,
to people who are themselves indebted to us.'They' often appear to forget to mention this when
they over-report in the media..
it's the engine that broke — not the oil keeping it going.
- GeorgesII0
this whole society blah blah can be summed up quite easily
- mikotondria30
All I'm confused about is that this debt represents an amount of money that's been spent. Which means people have it. It's not possible to both (net) owe and own, we can't all owe each other the money, that's not what debt ownership is. If we each owe someone else $10, the total amount of debt is zero, as someone owes you $10.
- mikotondria30
ha! the old skyrocketing gold thing again. Hey my gold that I bought for $400 is now worth $1500! Brilliant ! I'll dump all my money into gold, then in the future I'll be able to get a higher number of dollars back.
However, those dollars will buy you less than you thought. Probably about the same amount of stuff as the original money would have bought you.
When you buy or sell gold or any other asset, someone sees your transaction as a way to profit. There are only people passing value between each themselves. Debt = wealth, the money always goes somewhere, where is this black hole into which all our money has gone ?- The wealth is in other countries. You don't think we owe ourselves, do you?404NotFound
- no, it's not - the whole is broke, everywhere has a massive deficit..mikotondria3
- scarabin0
the point in buying gold isn't to make a profit, but to protect your assets when the dollar loses its value
- <<<<aldebaran
- Yes, totally, I know. It's not being sold as that though.mikotondria3
- aldebaran0
The price of gold has sky rocketed since 2008 'cause of the feds QE1 & QE2 policies. Last week the Fed said there wasn't going to be a QE3, but if there is watch the price of gold & silver go through the roof.
- monNom0
"Who owns all this debt?"
if you have money in the bank, you do.
it's not just the richies that own debt, the vast majority is held in little bits by everyone with some savings.
- utopian0
If you don't actually have the physical gold stashed in your basement and or under your mattress... But you made and online transaction with paperless money that is worthless to purchase the gold, where is the gold actually being kept? If the gold has not been hand delivered to you, you will never see the gold when the economy eventually collapses.
- fadein110
mikotondria3: I like you - lets do it
- hektor9110
Maybe is has never been about money, but about knowledge and power. 1 million dollars is no good if you are ignorant. Educate people and see the results. Maybe we should see graphs of how education systems around the world are decaying and compare.
- nahAl_dizzle
- education is just a tool for creating morons...renderedred
- i think money create morons... that why we are all in this shit holehektor911
- timeless0
debt is the amount of money that is owed. Whether it has been spent or not is irrelevant.
- pinkfloyd0
Here's some interesting numbers from http://www.usdebtclock.org/
U.S. National Debt:
$14,387,856,500,000Debt Per Citizen:
$46,204U.S. Population:
311,389,594Actually Unemployed:
23,695,870Food Stamp Recipients:
43,944,790US Retirees & SSI:
65,319,000Average Savings per Family:
$6,607Solution? Kill all the old people.
- wow, your solution is really good,
oooh wait, you'll get old too,
ya cunt!!GeorgesII - You just like calling me that C word don't youpinkfloyd
- McDonalds, Soda, Fast Food....the gov't doesn't want us to live long, fyipinkfloyd
- sorrry Pinkfloyd,
today is cunt day around here eheheh In death we are all cunts ;PGeorgesII - I can't hate you Georgepinkfloyd
- wow, your solution is really good,
- aldebaran0
utopian you're touching upon an interesting topic. Many ETF Gold and Silver backed funds don't hold nearly their entire worth in actual assets. If there was a crisis you can almost guarantee that they would not be able fulfill all delivers, increasing upwards pressure on price.