I lol'ed

DonAlejandroVega

DonAlejandroVega

Well-Known Member
NoDrama said:
Pretty sure our National deficit is more than the current value of all the gold mined on earth. Probably twice the amount if not more.
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not even including unsecured liabilities, and Lucca Brazzi (China) keeps lending us more. wonder what they promised Lucca.........

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MidwesternGro

MidwesternGro

Well-Known Member
NoDrama said:
You must have a different dictionary than the rest of us. In your definition of intrinsic a entity can make something valuable by decree and you think that means intrinsic.

You have to be the dumbest little bitch to have ever walked the earth, I would take Bucky's math skills and pit them against your intellect and come up winning every time.

Now go sit outside and think a bit if your little pea brain can even fathom that possibility. While your at it get a dictionary and IF you can understand multisyllable words you might find out that your definition is fucking stupid wrong and so are you.
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Let me spell it out for you nice and slowly, slow mo. If I use a big word you can use dictionary.com

What backs the dollar, which is property, has intrinsic value because it produces all consumer goods. We basically rent our property from the government and have to pay a fee, called a tax, to use our property. The fact that you can use your dollars to pay property tax means that what is backing the dollar is all of the property in the USA, this property has intrinsic value because it produces goods, dum dum.

Gold on the other hand has few niche uses and an inflated value because people see it as a way to store wealth. You cannot make gold more valuable by improving it like you can land and it has little intrinsic value. This is why us non idiots view people who want precious metals to back our currency as dullards.

People could walk away from their gold tomorrow and view it as a huge beanie-baby craze, but property is absolutely vital because we grow food on it, mine it, live on it, etc. Don't you claim to have a degree in economics? LOL!

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NLXSK1

NLXSK1

Well-Known Member
ChesusRice said:
Still waiting for someone to answer the question.
How much of our debt does China hold as a percentage?
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Last time I heard (and it was years), china held about a trillion dollars of our debt. Divide 17 trillion into 1 trillion and you would have your answer.
 
Harrekin

Harrekin

Well-Known Member
NLXSK1 said:
Last time I heard (and it was years), china held about a trillion dollars of our debt. Divide 17 trillion into 1 trillion and you would have your answer.
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With more bought via proxy so as to avoid the limits.

Iv linked to the info about a hundred times in different threads...
 
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NoDrama

Well-Known Member
MidwesternGro said:
Don't you claim to have a degree in economics? LOL!
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No, I have never claimed that I have a degree in Economics.

So the dollar has intrinsic value and gold does not eh?

So 100 million years from now, a dollar will still hold value and gold will not.

I take it you were not a high school grad.
 
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NoDrama

Well-Known Member
MidwesternGro said:
I already explained this to you in detail:

https://www.rollitup.org/t/i-loled.832646/page-3#post-10593385
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The dollar has value because the OPEC nations won't accept anything else for payment for oil. The dollar is certainly not backed by anything except that agreement with OPEC. If Dollars were backed by property then you could walk into the bank and give them the cash in exchange for the property, alas in the real world they will only give you more dollars.

If OPEC were to start accepting only Chinese Yuan for oil, then the dollar would have zero value almost overnight because it has NO INTRINSIC VALUE.

Gold has intrinsic value because you can do things with it and you can't just push a button and create an infinite amount of it, you will have to spend massive amounts of energy to dig it out of the ground.

If the Fed wanted to create 1 Quadrillion dollars, it could do so in a single button push. Something that can be created in any amount at will can not have intrinsic value.

US dollars are FIAT in other words they only have value because they are backed up by government force. If the ink was removed from them then perhaps they could have some value as excellent quality paper.
 
Doer

Doer

Well-Known Member
MidwesternGro said:
Let me spell it out for you nice and slowly, slow mo. If I use a big word you can use dictionary.com

What backs the dollar, which is property, has intrinsic value because it produces all consumer goods. We basically rent our property from the government and have to pay a fee, called a tax, to use our property. The fact that you can use your dollars to pay property tax means that what is backing the dollar is all of the property in the USA, this property has intrinsic value because it produces goods, dum dum.

Gold on the other hand has few niche uses and an inflated value because people see it as a way to store wealth. You cannot make gold more valuable by improving it like you can land and it has little intrinsic value. This is why us non idiots view people who want precious metals to back our currency as dullards.

People could walk away from their gold tomorrow and view it as a huge beanie-baby craze, but property is absolutely vital because we grow food on it, mine it, live on it, etc. Don't you claim to have a degree in economics? LOL!

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That is bullshit. You act lilke the govt owns the property. It does not.

In self rule, WE granted a RiGHT to govt, on a temporary basis to raise funds by not allowing other private entities to collect fees.

It used to be here, the way it is now in the Equitorical Gold regions. Every little bridge, steep hill turn or muddy bottom is "owned" by the locals. When you come with your stuff, it is always a rough argument, where they want hundreds of US dollars and settle for $50 bucks in ROAD TAX after an hour or more delay.

The govt does NOT fix the bridge. The locals do it.


In the USA, ever bridge, steep hill turn, or muddy bottom, had a local use tax. The govt is the effect of our stupid, evil, unfairness, not the cause.

So, you just have no idea what taxes are. It is the govt that keeps the taxing fair and not arbitrary, exorbitant, and passage denied for spite. That is what the govt changed and made it better..

The full faith and credit back the US currnecy, not the property. This govt can only do what we allow.

We allow what is happening now. And if we don't like it, such as voting rights, we change it.

Stop making it up and read the founding docs. That is all we go by here,

If you have a general issue, that affects everyone you can raise the money, get the people elected and get it changed or fixed. Or if you just whine about the GOVT, you can do nothing.

It happens in the Counties every day, big changes. School boards, tighting up every day, unless the folks are loosening it. All is in flux. All is subject to change,

MMJ. is a great example, but nothing really, All Counties, have it their own way thru Self Rule.

Wake up and smell the freedom.
. Sweet.
 
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Harrekin

Harrekin

Well-Known Member
Doer said:
That is bullshit. You act lilke the govt owns the property. It does not.

In self rule, WE granted a RiGHT to govt, on a temporary basis to raise funds by not allowing other private entities to collect fees.

It used to be here, the way it is now in the Equitorical Gold regions. Every little bridge, steep hill turn or muddy bottom is "owned" by the locals. When you come with your stuff, it is always a rough argument, where they want hundreds of US dollars and settle for $50 bucks in ROAD TAX after an hour or more delay.

The govt does NOT fix the bridge. The locals do it.


In the USA, ever bridge, steep hill turn, or muddy bottom, had a local use tax. The govt is the effect of our stupid, evil, unfairness, not the cause.

So, you just have no idea what taxes are. It is the govt that keeps the taxing fair and not arbitrary, exorbitant, and passage denied for spite. That is what the govt changed and made it better..

The full faith and credit back the US currnecy, not the property. This govt can only do what we allow.

We allow what is happening now. And if we don't like it, such as voting rights, we change it.

Stop making it up and read the founding docs. That is all we go by here,

If you have a general issue, that affects everyone you can raise the money, get the people elected and get it changed or fixed. Or if you just whine about the GOVT, you can do nothing.

It happens in the Counties every day, big changes. School boards, tighting up every day, unless the folks are loosening it. All is in flux. All is subject to change,

MMJ. is a great example, but nothing really, All Counties, have it their own way thru Self Rule.

Wake up and smell the freedom.
. Sweet.
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So fucking deluded...
 
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