Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (40848)	11/4/2003 10:05:30 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Mark, I prefer to talk about 'Accepted Means of Transactions" AMT for short. Travel Checks, Credit Cards, Debit Cards and money. The most successful AMT is the one that is more practical. That's the reason we don't use real value materials but ascribe value for a medium to have an AMT. As part of the social contract, we hand over to an entity called government some monopolies: 1) Use of the force, 2) producing and controlling AMTs, 3) producing rules acceptable by a majority of the person within its borders. 4) Managing the relations with other governments 5) and -above of all- controlling the masses via information. Governments -as part of their Wayo- make lavish use of item 4) making the masses believe governments create wealth, that people can live off governments' back, and that they can lawfully acquire wealth. Of course it must make people belive they are acquiring 'wealth' even if it is a second mortgage because governments want to go after that 'wealth', real or imagined. Easy, isn't it? A life of a man is devoted to try have enough AMT to supply its needs, to accumulate wealth which turns to be nothing more than try to keep its possesions away from the hands of governments.

To: Mark Adams who wrote (40848)	11/5/2003 12:03:44 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Good stuff. What I always wondered about, was the use of "Alice, Bob n Carol on an island" metapher. Why not, say, NJ or, even better, CA... To explain the power shortages, Enron etc ... But, h*l, I see, CA is not an island...

To: Mark Adams who wrote (40848)	11/5/2003 2:50:55 AM
From: macavity	Respond to of 74559

Well put. I used to live in Japan and I was continually shocked by the following kind of statements: "..We should put a tax on savings to get people to spend to restart the economy." People seem unwilling to accept that the thing that really drives an economy is savings 'personal stores of wealth' generated from prior labours, and not consumption derived from claims upon future, or expected, labours. Debt is a future promise to pay. An asset is a future ability to pay -macavity