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WHY IS EVERYTHING CRASHING Speculation
I just watched BTC drop $30 and LTC drop to $1.6. holy crapIt may be connected…
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n/a | mirelo | October 02, 2013, 12:31:52 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Sorry, but you are not addressing my point: it is not enough just to declare it…
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n/a | mirelo | October 02, 2013, 10:37:12 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
FRB is usually the first thing people know when it comes money creation, but aft…
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n/a | mirelo | October 02, 2013, 09:43:10 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
The alternative is to have the stateFalse dichotomy.Watch this docu: Living Utop…
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n/a | mirelo | October 02, 2013, 09:11:56 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Debt and money are totally different things, they do not depend on each other. Y…
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n/a | mirelo | October 02, 2013, 09:03:57 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Okay zarathustra, I'm going to play along.Lets say there is no military or polic…
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n/a | mirelo | October 02, 2013, 06:22:57 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
The FED's money does not exist before buying those bonds: the acts of loaning an…
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n/a | mirelo | October 02, 2013, 06:15:37 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Each time the Fed prints a dollar it is producing a paper claim on a dollar wort…
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n/a | mirelo | October 01, 2013, 03:44:04 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Money does not get its value just from our exchanging something for it, but rath…
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n/a | mirelo | October 01, 2013, 01:52:13 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Most money people use to buy bonds is already a loan from the central bank to th…
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n/a | mirelo | October 01, 2013, 09:58:47 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Good, so you agree that government and FED have totally different ownershipWhat…
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n/a | mirelo | September 30, 2013, 09:50:47 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Back to the simple question: Who owns the FED?Suppose the airway companies form…
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n/a | mirelo | September 30, 2013, 10:05:53 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
People had the need to exchange different products, but to reach that goal, they…
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n/a | mirelo | September 30, 2013, 07:55:54 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
The most simple way is to look at the ownership of the newly created moneyThe go…
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n/a | mirelo | September 25, 2013, 05:47:28 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
A fundamental of economics is that only products can buy products (labor, goods,…
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n/a | mirelo | September 24, 2013, 11:30:00 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
There was a paper also written by someone at the world bank (or the FED) who def…
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n/a | mirelo | September 29, 2013, 06:56:46 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Okay zarathustra, I'm going to play along.Lets say there is no military or polic…
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n/a | mirelo | September 29, 2013, 05:56:18 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Please consider the following problem.QuoteLet us imagine three owners A, B, and…
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n/a | mirelo | September 29, 2013, 05:49:23 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Organized violence (complicity of priests and militant chieftains - aka patriarc…
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n/a | mirelo | September 29, 2013, 01:22:22 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
People had the need to exchange different products, but to reach that goal, they…
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n/a | mirelo | September 28, 2013, 08:17:53 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Organized violence (complicity of priests and militant chieftains - aka patriarc…
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n/a | mirelo | September 28, 2013, 06:03:09 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
You are just defining yourself as being right.You must be more specific.
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n/a | mirelo | September 27, 2013, 01:56:16 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Owing labor is just owing the exchange value of the expected product of that lab…
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n/a | mirelo | September 27, 2013, 11:52:58 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
I said they could not be owed in exchange for labor without having an independen…
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n/a | mirelo | September 27, 2013, 11:38:55 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
As I already pointed out, if accommodation and food had no independently express…
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n/a | mirelo | September 27, 2013, 11:01:06 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
As I already pointed out, if accommodation and food had no independently express…
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n/a | mirelo | September 27, 2013, 10:51:58 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Organized violence (complicity of priests and militant chieftains - aka patriarc…
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n/a | mirelo | September 27, 2013, 10:50:52 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
All the alt-coins also have similar properties as bitcoin. What is it about bitc…
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n/a | mirelo | September 27, 2013, 10:29:56 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
All the alt-coins also have similar properties as bitcoin. What is it about bitc…
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n/a | mirelo | September 26, 2013, 08:16:10 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
You are putting the cart before the horse. Money is a product substitute to make…
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n/a | mirelo | September 25, 2013, 07:18:05 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
What gives bitcoins monetary value is people willing to exchange something valua…
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n/a | mirelo | September 25, 2013, 05:20:54 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
You are putting the cart before the horse. Money is a product substitute to make…
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n/a | mirelo | September 24, 2013, 11:53:51 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
A fundamental of economics is that only products can buy products (labor, goods,…
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n/a | mirelo | September 24, 2013, 10:49:19 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Graeber is right. Debt is the only real money. All other goods are assets and va…
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n/a | mirelo | September 24, 2013, 10:08:24 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
The FED is a banking cartel regulated by the government, which is its only clien…
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n/a | mirelo | September 24, 2013, 09:31:12 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
So if we have ten trillion dollars in circulation instead of just one (trillion…
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n/a | mirelo | September 24, 2013, 08:33:43 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
The dollar is not asset backed.one word: Petro-Dollar Oil does not "back" the d…
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n/a | mirelo | September 24, 2013, 08:37:07 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
From money creator's view, money is not a debt but an asset, just like gold mine…
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n/a | mirelo | September 24, 2013, 03:43:53 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
it's just a matter of definition, really.At the end of our day, we trade our wor…
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n/a | mirelo | September 24, 2013, 03:26:53 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Monetary value is a very vague term, same thing can have different monetary valu…
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n/a | mirelo | September 24, 2013, 01:15:45 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
it's just a matter of definition, really.At the end of our day, we trade our wor…
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n/a | mirelo | September 24, 2013, 01:27:20 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
Banks always try to disguise the truth with FRB, in fact FRB has nothing to do w…
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n/a | mirelo | September 24, 2013, 12:55:17 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Graeber is right. Debt is the only real money. All other goods are assets and va…
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n/a | mirelo | September 24, 2013, 06:18:41 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
It is not the intensity of trusting that increases or decreases, but rather the…
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n/a | mirelo | September 24, 2013, 05:53:12 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
Money has not always been dollars, pounds, euros, or yen, and even in those form…
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n/a | mirelo | September 24, 2013, 05:32:18 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
If you do not understand the difference between monetary exchange and barter, th…
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n/a | mirelo | September 23, 2013, 01:56:48 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
Money has not always been dollars, pounds, euros, or yen, and even in those form…
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n/a | mirelo | September 23, 2013, 01:32:56 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
If you do not understand the difference between monetary exchange and barter, th…
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n/a | mirelo | September 23, 2013, 12:44:58 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
It works, for the most part, just fine.It does for the banks, not for the rest o…
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n/a | mirelo | September 23, 2013, 11:14:48 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
Only the central bank can 'create' money.Normal retail banks cannot just print m…
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n/a | mirelo | September 23, 2013, 11:05:41 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
You said yourself that 81.5% of QE money are sitting on bank reserves at the FED…
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n/a | mirelo | September 23, 2013, 10:51:18 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
FED is playing with fire now, they have printed so much money and most of these…
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n/a | mirelo | September 23, 2013, 10:02:02 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
FED is playing with fire now, they have printed so much money and most of these…
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n/a | mirelo | September 23, 2013, 08:33:16 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
FED is playing with fire now, they have printed so much money and most of these…
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n/a | mirelo | September 23, 2013, 01:07:42 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
What exactly is wrong with losing ownership of the money? Deposit insurance cove…
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n/a | mirelo | September 22, 2013, 06:54:14 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
What exactly is wrong with losing ownership of the money? Deposit insurance cove…
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n/a | mirelo | September 22, 2013, 06:36:27 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
What exactly is wrong with losing ownership of the money? Deposit insurance cove…
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n/a | mirelo | September 22, 2013, 06:32:31 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
What happened in a loan process is complex. The moment you put your money into a…
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n/a | mirelo | September 21, 2013, 11:30:56 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
There are no longer any assets backing most of the currency, only debt.Debt simp…
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n/a | mirelo | September 21, 2013, 10:26:17 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
There are no longer any assets backing most of the currency, only debt.Debt simp…
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n/a | mirelo | September 21, 2013, 09:05:42 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
Credit is always risky, since there is always a risk of future. You can promise…
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n/a | mirelo | September 21, 2013, 08:08:58 AM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
If merely having an exchange value in the future made anything money, then we co…
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n/a | mirelo | September 21, 2013, 07:08:32 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
I was going to tell a story to illustrate the problem, in addition debt is a pro…
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n/a | mirelo | September 21, 2013, 05:39:22 AM |
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The Myth of Money as the Mere Concept of an IOU Economics
What happened in a loan process is complex. The moment you put your money into a…
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n/a | mirelo | September 20, 2013, 10:38:40 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
What happened in a loan process is complex. The moment you put your money into a…
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n/a | mirelo | September 20, 2013, 10:09:35 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
The trick is using this confusion between debt and money to control other people…
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n/a | mirelo | September 20, 2013, 09:54:34 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
What happened in a loan process is complex. The moment you put your money into a…
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n/a | mirelo | September 20, 2013, 09:47:06 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
So let's assume I trust you, first and foremost that you won't kill me. But I al…
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n/a | mirelo | September 20, 2013, 09:03:44 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
IOU is a trick to mislead people, after several times of IOU, people don't know…
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n/a | mirelo | September 20, 2013, 09:32:21 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
True, to be more precisely, a paper note or a piece of gold are both used to pre…
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n/a | mirelo | September 20, 2013, 09:19:39 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
If I have an ounce of gold and a pair of shoes worth two ounces of gold and you…
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n/a | mirelo | September 20, 2013, 05:58:14 PM |
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The Myth of Money as the Mere Concept of an IOU Economics
A representation of debt is an object representing "I owe (money to) you": an IO…
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n/a | mirelo | September 20, 2013, 02:30:57 PM |
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Real money vs debt, and the value of bitcoin. (Mitchell-Innes credit theory) Economics
If I have an ounce of gold and a pair of shoes worth two ounces of gold and you…
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n/a | mirelo | September 20, 2013, 02:10:18 PM |
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The Insanity of Fiat Money Economics
BTC is kinda like fiat, but it's limited.The expression "fiat money" designates…
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n/a | mirelo | September 17, 2013, 09:18:20 AM |
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The Insanity of Fiat Money Economics
It is like pornography. It is hard to define but you know what it is the moment…
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n/a | mirelo | September 17, 2013, 04:37:27 PM |
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The Insanity of Fiat Money Economics
It is like pornography. It is hard to define but you know what it is the moment…
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n/a | mirelo | September 17, 2013, 07:45:37 AM |
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The Insanity of Fiat Money Economics
Is Bitcoin "virtual gold" better than fiat "virtual money". The answer is yes, b…
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n/a | mirelo | September 16, 2013, 07:46:30 PM |
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Representational Monetary Identity Economics
The money I have in my (physical) wallet consists in paper notes, or bank notes.…
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n/a | mirelo | September 05, 2013, 05:39:46 PM |
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Representational Monetary Identity Economics
So what is money if not it’s representation in paper or metal? I find the idea t…
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n/a | mirelo | August 18, 2013, 01:23:13 AM |
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Representational Monetary Identity Economics
Money is not debt if you never borrow, gold for example is never created out of…
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n/a | mirelo | August 17, 2013, 11:28:58 AM |
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Representational Monetary Identity Economics
I concede you may have a point. Looks like I have to re-examine my definitions o…
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n/a | mirelo | August 14, 2013, 06:13:56 AM |
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Representational Monetary Identity Economics
Wealth is food, clothes, a house, a car. Money is not wealth, but rather a claim…
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n/a | mirelo | August 05, 2013, 09:01:07 AM |
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Representational Monetary Identity Economics
Wealth is claim on labor.Wealth is food, clothes, a house, a car. Money is not w…
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n/a | mirelo | August 04, 2013, 11:50:50 PM |
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Representational Monetary Identity Economics
Hmmm, it:-argues with just about everything anyone says-contradicts it's own pre…
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n/a | mirelo | August 03, 2013, 06:34:33 PM |
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Representational Monetary Identity Economics
When you cant talk straight - you cant think straight.So let us talk straight:1)…
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n/a | mirelo | August 03, 2013, 09:24:01 AM |
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Representational Monetary Identity Economics
OK. This question has intrigued me too. As when I first learned about bitcoin I…
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n/a | mirelo | March 03, 2013, 08:08:54 PM |
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Representational Monetary Identity Economics
How does it matter what you choose to think when the bank lent out your money an…
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n/a | mirelo | February 18, 2013, 07:08:54 PM |
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Representational Monetary Identity Economics
Today, most money is debt, and the primary mechanism for debt becoming money (of…
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n/a | mirelo | February 20, 2013, 07:03:25 PM |
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Representational Monetary Identity Economics
You deposit $1000 and the bank loans out $500 (for example) to make a profit.If…
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n/a | mirelo | February 17, 2013, 08:49:44 PM |
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Representational Monetary Identity Economics
Let us analyze what happens in commercial banking (from http://omniequivalence.c…
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n/a | mirelo | February 17, 2013, 11:41:31 AM |
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Representational Monetary Identity Economics
To find money not created by banks you just have to:1) Remember that banks have…
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n/a | mirelo | February 24, 2013, 06:06:18 AM |
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Representational Monetary Identity Economics
Absolutely correct, provided you are talking about money as created by commercia…
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n/a | mirelo | February 23, 2013, 02:10:19 PM |
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Representational Monetary Identity Economics
Your example makes no sense, [...]Why would that be? Why would it make no sense…
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n/a | mirelo | February 23, 2013, 12:39:26 PM |
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Representational Monetary Identity Economics
In this thread, these two opposite views of money showed up:1) Money can only be…
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n/a | mirelo | February 23, 2013, 05:40:53 AM |
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Representational Monetary Identity Economics
The primary problem is not necessarily the biggest in size.That depends on which…
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n/a | mirelo | February 20, 2013, 08:15:12 PM |
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Representational Monetary Identity Economics
Fractional reserve banking isn't the primary problem we face.The primary problem…
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n/a | mirelo | February 20, 2013, 06:41:45 PM |
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Representational Monetary Identity Economics
So according to your logic, even if floods are caused by rain, and rain is cause…
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n/a | mirelo | February 20, 2013, 08:34:07 PM |
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Representational Monetary Identity Economics
So according to your logic, even if floods are caused by rain, and rain is cause…
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n/a | mirelo | February 20, 2013, 08:27:52 PM |
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Representational Monetary Identity Economics
Mirelo, you really dont understand. Money today is almost universally credit mon…
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n/a | mirelo | February 20, 2013, 01:21:58 PM |
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Representational Monetary Identity Economics
No, the money is what I give you instantly, if Im lacking something of actual va…
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n/a | mirelo | February 19, 2013, 07:14:17 PM |
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