The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on May 19, 2015, 05:39:28 PM
-
Not the OP.
Some ham-and-egger shows-up in a thread about the fed reserve getting nervous over another sudden economic contraction and posts his "thoughts" for moving our economy to a debtless system.
WDIM (551 posts)
10. Debt Bubble
Government debt and personal debt. There is nothing substantial supporting our economy or the value of our money besides the intrinsic value of what people give it as to what they can buy with it.
The best thing we could do to safe our economy is to forgive and default on all debt. All debt is wiped cleaned. The banks are taken over by the government (we already bought them in 2008). The interest payments we are saving by just defaulting on our debt can be redirected to the people. The people should be paid back in reperations what has been stolen from us. The people will need funds during this time of transistion.
Any citizens that hold government bonds will be paid the going rate.
No more debt should be allowed for the government. It will have to balance the budget based on income from taxes, profits from the banking system, profits from tourism, etc etc and other ideas it will be open debate. But the goal should be to move as far away from this system of debt and greed and corruption and violence and war and complete crazinest we currently live in.
We have a unique country we have and can produce everything we need within our borders.
We need free renewable recurring public energy. That would be truly revolutionary.
Free internet for all.
Utilities should be public gas(hopefully we can do away with it), electric, internet,
Public roads public schools there is plenty of work to do and training needed. New technologies, and new innovations. No time to be complacent.
WDIM (551 posts)
15. I think we could work out a system
Of zero debt. The rich would lose a bunch of money but that is okay if they work hard like the rest of us they can earn it back.
This system of debt and interest rates is impractical and ultimately only benefits the issuers of the debt.
In the new banking system t bills would work like a savings accouny people will be able to deposit money and expect to make a modest interest. Also people who take out loans will pay the same rate people who deposit in savings. One set interest rate for all money transactions.
My point is hypothetical and trying to think outside this paradigm we currently find ourselves in.
But i truly do believe in the elimination of debt amd interest as a tool to rob from the poor and make the rich rich. Exploiting people for their basic needs of survival like shelter food clothes clean water the stuff that should be very basic for us all.
http://www.democraticunderground.com/10026691374
-
:rotf: :rotf: :rotf: :rotf: :rotf:
I do so love pie-in-the-sky unicorns and rainbows from people who can't make pie.
My point is hypothetical noooooooooo, really? and trying to think outside this paradigm we currently find ourselves in.
Keep going.......
further.........
further........
Nope, keep going....
-
WDIM (551 posts)
15. I think we could work out a system
Of zero debt. The rich would lose a bunch of money but that is okay if they work hard like the rest of us they can earn it back.
Considering that many of the "rich" have their wealth as stock options and Wall Street investments... yeah, grand idea. :whatever:
-
Some ham-and-egger
:lmao: I haven't heard that in a long, long time. :hi5:
-
1. 1+1=POTATO
2. ?????????
3. PERFECT SOCIALIST UTOPIA
-
I thought it was Nadin at first who wrote the OP but then I realized I could read most of it without my head pounding. That's when I read the description more carefully.
Ham-and-egger. Perfect.
-
Sure Just cancel the debt Barry owes China and other countries. The US would be ostracized by the world and DUmmies would be eating themselves before long.
-
DUmbass economic theory always ends at gimme.
-
The rich would lose a bunch of money but that is okay if they work hard like the rest of us they can earn it back.
I am not rich, but I am doing OK -- better than most. I worked 70 hours last week, 100 hours the week before that and will put in about 70 this week. Hard, stressful work, balancing the competing needs of many constituencies (I am in IT) and my employer.
You can put your weed-smoking 40-hour-a-week-minimum-wage-bc-you-were-too-lazy-to-learn "work hard like the rest of us" and blow it out your f'ing ass!
Oh, and I have almost no debt. See, unlike you, I honor my obligations. I don't ask to be let out of them.
Go to hell. Immediately. I mean that. I hate these progs with the the heat of a million suns. If someone were to shoot their dicks off in front of me I would grab some popcorn and laugh my ass off and watch them die -- bleed out slowly. Then piss on their corpses.
-
Proglonomics, where pie in the sky meets pipe dreams.
-
DUmmie WDIM (and is he ever!) sounds like the typical 30-50 year old liberal college student, who's student loans have come due... :rotf:
-
So with all these freebies...zeroing out the debt and bankrupting the very people that could finance this boondoggle one question remains...
How is it gonna get paid for?
-
So with all these freebies...zeroing out the debt and bankrupting the very people that could finance this boondoggle one question remains...
How is it gonna get paid for?
By taxing the rich, of course. [/DUmode]
It's their answer for EVERYTHING!
-
By taxing the rich, of course. [/DUmode]
It's their answer for EVERYTHING!
And it highlights the absolute and complete lack of knowledge any of them have on basic economics.
It's the monetary equivalent of people who think electricity just happens because you turn on the light switch.
-
And it highlights the absolute and complete lack of knowledge any of them have on basic economics.
It's the monetary equivalent of people who think electricity just happens because you turn on the light switch.
They keep forgetting it will only continue to happen as long as they send a check every month. :rotf:
-
Not the OP.
Some ham-and-egger shows-up in a thread about the fed reserve getting nervous over another sudden economic contraction and posts his "thoughts" for moving our economy to a debtless system.
http://www.democraticunderground.com/10026691374
Sounds like a ham-and-scrambled egger to me.
-
They keep forgetting it will only continue to happen as long as they send a check every month. :rotf:
Libs think they can write checks as long as they have checks, and it's not important how much they have in the account.
-
Libs think they can write checks as long as they have checks, and it's not important how much they have in the account.
Translates to a lot of congresscritters as well. Buys a lot of votes that way. Stick the "lenders" with the tab.
-
(http://www.politifake.org/image/political/small/1406/liberal-economics-finally-gets-15-hour-has-plenty-leisure-ti-politics-1402251656.jpg)
Ya, DUmmies, heres your Proglonomics.
-
Dear DUmmies,
Interlocking debt and trade dependencies are the only things that keep the world at peace, instead of enrichment by conquest in the grand old Roman style.
Your economic ideas are as stupid and ill-informed as your political ones.
DAT
-
Dear DUmmies,
Interlocking debt and trade dependencies are the only things that keep the world at peace, instead of enrichment by conquest in the grand old Roman style.
Your economic ideas are as stupid and ill-informed as your political ones.
DAT
I think you are speaking to the dummies in a language they do not understand, DAT. Maybe we should put it in a way the dummies will understand?
Something like this maybe?
Hey dummies, let's say you get your welfare card replenished. Then you sell it for some cash so you can buy some weed. Then your fellow dummies wants to borrow some of your cash cause he ain't got his card sold yet and is out of weed.
So you front him some cash so he can buy some weed. Problem is that you couldn't buy enough weed to last you the rest of the month. No problem as your buddy will pay you back as soon as he sells his card.
Now let us say some eeevil conservative comes along with an idea that all debts are forgiven... including your fellow dummie that you fronted the money for his weed. Well now does that sound like it is fair? Would you support it? No? Well that is what you are proposing.
-
Libs like the idea of giving till it hurts.
As long as they're the ones not being hurt.
-
That was, without a doubt, the stupidest thing I have ever read.
WDIM (551 posts)
10. Debt Bubble
Government debt and personal debt. There is nothing substantial supporting our economy or the value of our money besides the intrinsic value of what people give it as to what they can buy with it.
The best thing we could do to safe our economy is to forgive and default on all debt. All debt is wiped cleaned. The banks are taken over by the government (we already bought them in 2008). The interest payments we are saving by just defaulting on our debt can be redirected to the people. The people should be paid back in reperations what has been stolen from us. The people will need funds during this time of transistion.
What do you mean "we", DUmbass? I'll assume you are saying that King Putt should assume dictatorial power, including power reserved to the states under the 10th Amendment; nationalize all business, and force the closure of every business which relies on credit; completely close our borders (physical and virtual) to foreign trade; and outlaw every form of commerce above the level of straight barter.
In other words, the best thing Emperor Obama could do to save our economy is to destroy it.
"Back to the Stone Age" doesn't even describe this.