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BlueMeanie4: wasnt the internet supposed to relieve us of this sort of thing?
BlueMeanie4: its someone frightening that we form our entire opinion of someone these days by what shows up on google
BlueMeanie4: basically all the altcoins are pathetic jokes
BlueMeanie4: unfortunately it's not going to get you anywhere
BlueMeanie4: the problem is that the countries who didnt benefit from capitalism have a tendency to buy these broken ideas
BlueMeanie4: you dont have a system, all you have is a few people roughly convinced you have an alternative
BlueMeanie4: and we all know this is just a characteristic of a cult
BlueMeanie4: so to have something that is so radically new, you need to have something that is radically detailed as well
BlueMeanie4: and strangely you believe you are the position to scoff at these points when they correspond fully to how our system works right now
BlueMeanie4: youre advocating something that is not only unsupported in principle, it doesnt exist in reality either
BlueMeanie4: im not arguing for some strange mythical world- this is how it currently works
BlueMeanie4: these questions are reminding me that I need to look at cat pictures
BlueMeanie4: gold backing has historically reversed wealth equality
BlueMeanie4: this gold back currency people are most ppl with no real economics background who believe they have some 'fix' to our economic problems
BlueMeanie4: all major money systems today are flexible money supplies
BlueMeanie4: because it's not limited by some supply of some commodity
BlueMeanie4: they used to use 'wooden coins' aka tally sticks all the time during the middle ages
BlueMeanie4: i dont think they are a panacea, but rather a tool that can be used to generate wealth
BlueMeanie4: or various immature responses designed to detract away from what is obviously a failed argument
BlueMeanie4: so far i have yet to see anyone pose any interesting examples- mainly your typical libertarian bellittleing etc.
BlueMeanie4: true, but the employment opps didnt necessarily exist
BlueMeanie4: wow that is- AT BEST- a radical view of economics, but more accurately just cluelessness
BlueMeanie4: youre saying credit doesnt improve your life?
BlueMeanie4: they are not places you would want to live
BlueMeanie4: what you fail to see is how the world would be if loans werent available
BlueMeanie4: Mircea - because so far no one has produced any sort of cogent response to my point
BlueMeanie4: if im not mistaken, it's impossible to produce enough gold to account for all the wealth in the world
BlueMeanie4: its not a heresy, it's just a lower form of money
BlueMeanie4: seems your understanding of how money works is lacking
BlueMeanie4: if you have enough gold. these people didnt each have enough gold to buy a house, but collectively they had the skills to make houses
BlueMeanie4: decimation- try building your own house then
BlueMeanie4: its similar with mortgages, requires capital to get all the specialists together to make a house
BlueMeanie4: where there was once no houses, or even individual ability to create houses, there was not a usable house
BlueMeanie4: but the money and debt allowed them to be specialists
BlueMeanie4: this money system allowed them all to have nice houses in belgium
BlueMeanie4: and they loaned it to each other to do jobs on eachothers houses
BlueMeanie4: and they made their own money system, a local currency
BlueMeanie4: i was in Belgium for a while and there was a group of people out in the country side
BlueMeanie4: no but creating lets say mortgages does make people wealthier
BlueMeanie4: yes wealth is CREATED by generating new obligations
BlueMeanie4: how can we generate millions USD in wealth
BlueMeanie4: youre loling and were there any contracts written today?
BlueMeanie4: what is needed is a way to quickly INTERROGATE the contracts
BlueMeanie4: you cant have highly liquid markets this way
BlueMeanie4: its not fatal, but it falls short in some very important ways
BlueMeanie4: so there is ZERO sense of non-bias in your system