Re: Financial Wealth in America, Net worth up for 3rd straight quarter

[spark23ca]

chasing shekels

[dumbocattube]

fine, I think the same as you, money should be destroy.

I find some that say same as we.

Zeitgeist: Addendum

Take a look is in youtube too, I think that they say the tru and not the politics or the people ho wana rule the world.

Thank you

[d3adp001]

thanks and yes I have seen it. there are a few factions trying to rule

[bananaphonehome]

'Bout time "Robin Hood" made a comeback..

[d3adp001]

in a sense, but instead of robbing and giving, just get rid of it all.

[bananaphonehome]

@d3adp001 Eh, I think it will "all" be coming soon enough.. anyways

[d3adp001]

could be

[cuke8466]

I agree that the monetary system in America is a complete failure. Redistribution of wealth is a novel idea, but it can't work with the current system. I think the answer is simple. don't use the current system. Use an old one. A carpenter that needs his car repaired can find a mechanic that needs his roof repaired. "Help your neighbor" and everybody gets what they want. With this type of system the, "top 5%" become just like everybody else, and the poor no longer live in the streets.

[Mike2008and2008]

Let us say...just for laughs....that a group came to this planet and observed our monetary system....and saw that we like shiny stuff

and we really like pieces of paper with some great fantastic printing on it and really pretty rocks.

[llewgnal]

Just do a lot of touching your toes, stay limber, they aren't done yet. lol Invest in KY jelly and rubber gloves. They have opened the gates and have sold us out. Have less workers in the auto industry than ever before and less ever year, due to Robots, and they blame the worker that they can't make any money, and those darn unions. Every bussiness out there thinks they can raise prices to the limit and increase price/ounce, kilowatt /hour and so on,any excuse to raise price

[DEMCAD]

But if everybody had a million, everyone would essentially become middle class. The money would still have value, because people would agree to exchange goods and services for the money. And most people would not be able to live forever on a million dollars, so we would still have the same economy. It's just that the wealth would be spread out and more poor people would have a chance to start a business.

But yes, I agree that money only has value because we believe it does.

[KurzLuppii]

@DEMCAD

But prices would skyrocket overnight.

A car would cost several million dollars in a matter of days.

[DEMCAD]

No, it wouldn't. You're assuming they would have to produce more currency. But they would simply redistribute the wealth.

[KurzLuppii]

Yes it would.

The economic system is based on scarcity.

If everyone has a lot and is spending it prices will rise to compensate.

Btw how you get that money?

Steal it from the rich?

[d3adp001]

Dem, money is a commodity, and therefore it is subject to supply and demand, aka profit maximization. In order to give everyone in the US a 1mil they would have to print 30 tril, if 20% was used as down payments, it would increase the supply another 60 tril what do you think the value of the dollar would be in international trade? and since all of our goods come from out of country, our prices would sky rocket

[insAneTunA]

In the UK a million houses are empty, and they also have a million homeless people. Some very wealthy people started a protest to show the world the madness and they hijacked some very luxurious houses in the middle of London. One of the houses was an Embassy building that was standing empty for about ten years. Nobody was using it, so a sew rich blokes hijacked it as a protest.

Talking about recourses, and that there is enough for all people. Yet they let people sleep on the streets.

[insAneTunA]

I can't agree more with you. There is one movie from an award winning filmmaker, he was the manager from Bette Midler, and he made the movie trading places with Eddie Murphy. That documentary is called from freedom to fascism, and you can watch the full version on google video. I'm talking about Aaron Russo (R.I.P.) He was friends with Nick Rockefeller, but Aaron broke the friendship after he found out a few things about the system and how things work. He shows his findings in his movie. 5* iT