Ambrosia Software Web Board: Joveia's Theory of Economic Power™ - Ambrosia Software Web Board

Well here we are (or not depending on your constituency) in the US of A. Now this is what is happening, why so many people are poor, have no real ability to get stuff which our capitalist system is supposed to provide - they're living just above the poverty line. To give you an example, 1% of people control NINETY percent of wealth. According to all good social historians, the classical (or most effecient) proportion of wealth in any society that is human is 80/20. So 20% of people control 80% of privately owned wealth. I think you can guess this has something to do with means and intelligences, and even the alpha double plus experiment if you've read Brave New World...

There is only a fixed amount of *money* (or it's true name - power) in any system. If you have a non-material money (like paper, not gold for example) then that paper is only of mental value. A dollar isn't a dollar - it's an infinitisemal representation of a unit of power in a system. For purchasing of higher-status goods, it is sensible to price them so higher status 'people' can purchase them. It's the whole market economy thing.

So, what the good old US of A, a nation of economic idiots (but they think they're smart) are doing is basically running up a f-cking huge national DEBT of 7 trillion dollars. According to Lee Iaccocca 'We went through the civil war, the great depression, all the world wars and any disasters, and our debt at the end was 380 billion at the end of 1975. In 5 years it's Now it's 1 TRILLION. I cannot believe how we let it come to this!'

Lee Iaccocca should know, and if he's not dead yet he's probably 'dying' of mental anguish, as any good thinking patriotic should know.

The debt doesn't create new money out of thin air - there's just more american dollars floating around. Where are they floating around? In the hands of the american, cancerous, so-called 'government of the people' which now employs one out of every FIVE bloody workers. That's like living in a large town and having every fifth person called John Smith!

So what does the american government do? It takes 7 trillion dollars away from the generally not very wealthy american citizenry and puts it into it's own wasteful government programs. This money comes from the american citizency. Imagine an income tax and capital gains tax that added and extra trillion dollars onto the budget every years. That's the kind of tax you're suffering right now, and it's destroying the administration. How?

By forcing it not to become fiscally responsible. When you can, not knowing what you're doing, suddenly add a billion trillion million dollars to your account... who that had the power wouldn't? Especially since Alan Greenspan, your national symbol of idiocy, is so incompetent that... oh heck. Fidel Castro might make a better Chairman of the Fed.

Stick to the gold standard! It's not just my livelihood your threatening, it's the livelihood of everyone who has vested interests in american prosperity - i.e. EVERYONE. Except perhaps the Chinese. They'd be thrilled if you fell to the greatest depression in world history.

Let me paraphrase - the debt is now so large you can never pay it back. You never will. Have a nice time experiencing the next great crash of the 21st century? Terrorism is the new war of the 21st century! Ah HA HA Ha. That's just to distract. The real war is against false patriotism that defends the non-whistleblowing, non-questioning mood of your nation that will eventually doom it.

*Oh, Alan should actually let the economy deflate. It's negatives would only show the truth, that the American economy is crumbling. He currently has to print up a trillion dollars a year to prevent it from deflating!

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There are only 3 kinds of people; those who can count, and those who can't.

[This message has been edited by Joveia (edited 01-19-2003).]

[This message has been edited by Joveia (edited 01-19-2003).]

I think the dollar is based on the value of gold. Or is it the other way around?

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The Journalist: Drive through window on the road of life. Proud supporter of the Save the Microsoft Mouse commitee.

I do not believe the US dollar is based on gold, or has been for some time (WW2?). The value of gold is based on a bunch of factors, in part, the value of the dollar.

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"There is a time and a place for everything."

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The US dollar is based on nothing now. Like most modern currency it is just a method of exchange. It -used- to be based on gold, but the US doesnt have a whole bunch of gold, so they just forgot about that. I dont have much to say to refute joveia much. Although I admit I did not read it thoroughly. In short, capitalism does not suck, the people running american finances do suck however.

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Life sucks, get a helmet.
Diablo 2: *PyroHC *Pyro444
Warcraft III: PyroTheDragon

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Capitalism doesn't work with unconscious feudalism, so it might not work even if the leaders were quite intelligent.

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There are only 3 kinds of people; those who can count, and those who can't.

"God save the willing slave."

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[url="http://"http://www.leapinglaughter.org"]Dig a little deeper[/url]
As below, so above.

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I wish that made more sense

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The Journalist: Drive through window on the road of life. Proud supporter of the Save the Microsoft Mouse commitee.

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Its not based on anything, I dont know a better way to explain it. When the US needs more money, they print more, and inflation goes up (because one can only have so much of the base-variable-money-power[suggestions for a better word are more than welcome]).

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Life sucks, get a helmet.
Diablo 2: *PyroHC *Pyro444
Warcraft III: PyroTheDragon

And when inflation increases, the value of the dollar goes down. Since there are more dollars around, they are worth less, as its easier to find one. Likewise, when the ratio amount of dollars available compared to the number in the country decreases (perhaps no new dollars are being made and people are immigrating rapidly), the value of the dollar goes up, since the dollar becomes "scarce."

There is a reason for it being this way.

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"There is a time and a place for everything."

I meant that I wished that that meathod of econonics made more sense. Your explanation made sence, but what you were explaining didn't. Sigh

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The Journalist: Drive through window on the road of life. Proud supporter of the Save the Microsoft Mouse commitee.

This brings me back to high school econ all over again.

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"That was quick."
"Well you know, when you don't do it right it doesn't take as long."

Just a question. Does anyone here have above an eighthgrade eductaion. The value of a dollar is based on gold!!!! The USA gold reserve is gold set aside to give the dollar a value. If the US dollar was just a method of exchange, then the US could print as many as they want. This would eventaully lead to a mass hysteria of rich people that would, well, i dont have time to write the whole chane of events. I am very surprised at the # of people that did not know this. WHat is the world coming to!

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well, I had an entire rant ready, but I'm unclear of your position. So you agree that the dollar isn't based on gold anymore, right?

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Life sucks, get a helmet.
Diablo 2: *PyroHC *Pyro444
Warcraft III: PyroTheDragon

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Check up on that - it *was* based on gold, but isn't any more. If I recall, it switched in the 60s or 70s. Prior to that, you could go to a government bank and ask to have your bill exchanged for specie. Try asking some time, and see what the accountant there thinks about the gold standard...

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"There are 10 kinds of people in this world: Those who understand binary, and those who don't."

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Yes. But we don't remember.

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A connection failure has occured.

We just reviewed this in my SS class. If gold was not the value of the dollar, then the gold reserve, and fort knox would really have no purpos. Well, actually, they could sell it all, and get a hell of alot cash, pay off some of there trillions of dollars in debts, and well, haev the dollar based on squat.

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Barbarossa: There is no demand to sell the gold at fort knox. And even if we did sell it, we would make -maybe- some billions on it. Thats nothing on our debt, its really not worth it. Theres not even as much gold there as you think.

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A regretted past and a hopeless future.
Diablo 2: *PyroHC *Pyro444
Warcraft III: PyroTheDragon

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If I remember correctly, that was one of the reasons the stock market crashed.

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On GR/AIM/MaG League: Onii7
[url="http://"http://onii7.no-ip.com/forums/index.php"]Sign up for my forum![/url] It only takes a second and lets you do lots of cool things, chat about games, Escape Velocity, and many other cool topics.

Jovei, you have waaaay to much free time. Way to much.

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no hablo espanol, tu Americano gato cocinas!
Translates to: I don't speak spanish, you American cat cooker!

I know there is not as much gold in fort knok, then there is, lets say, in the federal reserve, but still, there is a good chunk. I am saying that, if gold does not do anything for the curency of the US, then why keap it? ITHE THING IS THIOUGH it does do something. The dollar is just a peice of paper. But, it is a peice of paper that represents a portion of the gold reserve.

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Also check out onii7's forum at [url="http://"http://onii7.no-ip.com/forums/index.php"]http://onii7.no-ip.c...orums/index.php[/url]

The value of the dollar? Yes indeed. What is the true value of the dollar?

Once might say it's worth the money it's printed on.

Myst, I admire your appreciation of the finer arts of posting topics that, however mystical and strange, may actually have *SOME* relevance to reality. But this of course is a very hazy and out of the way reality, especially to someone like you.

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There are only 3 kinds of people; those who can count, and those who can't.