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Forums - Politics - Happy 100th birthday Federal Reserve

Kasz216 said:
Ok... and your second post you seem to be referring to computers as slaves.

Either way... on your argument of manpower being hours....

there are more people now then there have ever been....

That still leads to a "More wealth" situation.


probably your definition of wealth

 

wealth normally means purcahsing power

 

its like saying if there was a pizza with four slices and there were four people to eat it so everybody got one.

now if there was 2 pizza's with 4 slices each and there were 4 people to eat it.everyone now got more.but if there were 8 people so everyone got the same as the first case.

and if you have even more people sharing the same resources,its less for everybody.

 

 

resources and wealth stays the same.they are just transfered to whoever is controlling it.



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Kasz216 said:
hysterianut said:
Kasz216 said:


If by interest you mean the profit the Fed Makes...  It  almost all completely goes to the US Treasury and is used to pay for the US' deficit spending and pay down the national debt.

wrong,as the only money created is the principal so there is no way to pay back the debt as the money for the interest doesn't not exist.if this was then the US debt would not be going up but down.

tresury gets money from taxes and from selling bonds.




http://www.usatoday.com/story/money/business/2013/01/10/federal-reserve-payment/1823235/

 

The national debt is going up because they treasury and government is spending money faster then the fed is paying them.

 

In the same way that I am reducing my wifes debt if i pay on her credit cards, but she keeps taking out loans.


i know that

 

but what i was pointing towards is there is no way ever to pay back the USA debt.

sorry there is one way,if the dollar hyperinflates which is coming but that is as good as paying debts in your dreams



hysterianut said:
Kasz216 said:
Ok... and your second post you seem to be referring to computers as slaves.

Either way... on your argument of manpower being hours....

there are more people now then there have ever been....

That still leads to a "More wealth" situation.


probably your definition of wealth

 

wealth normally means purcahsing power

 

its like saying if there was a pizza with four slices and there were four people to eat it so everybody got one.

now if there was 2 pizza's with 4 slices each and there were 4 people to eat it.everyone now got more.but if there were 8 people so everyone got the same as the first case.

and if you have even more people sharing the same resources,its less for everybody.

 

 

resources and wealth stays the same.they are just transfered to whoever is controlling it.

Resources are a limiting factor to a certain extent, but as we learn how to make more things or make things in different ways, the amount of usable resources goes up. The fracking process is a case in point: it was gas that sat under the earth in such a way as to be useless, but geologists and engineers thought about it, and now it's a resource.



Monster Hunter: pissing me off since 2010.

hysterianut said:
Kasz216 said:
Ok... and your second post you seem to be referring to computers as slaves.

Either way... on your argument of manpower being hours....

there are more people now then there have ever been....

That still leads to a "More wealth" situation.


probably your definition of wealth

 

wealth normally means purcahsing power

 

its like saying if there was a pizza with four slices and there were four people to eat it so everybody got one.

now if there was 2 pizza's with 4 slices each and there were 4 people to eat it.everyone now got more.but if there were 8 people so everyone got the same as the first case.

and if you have even more people sharing the same resources,its less for everybody.

 

 

resources and wealth stays the same.they are just transfered to whoever is controlling it.

No... I'm using what your arguement on wealth is.

That's more or less the definition you've given.

Using your example now...

in modern times.   There is far higher pizza to people ration then there has ever been before.

 

People in modern times are getting way more slices of pizza then they had any other point in time.



hysterianut said:
Kasz216 said:
hysterianut said:
Kasz216 said:


If by interest you mean the profit the Fed Makes...  It  almost all completely goes to the US Treasury and is used to pay for the US' deficit spending and pay down the national debt.

wrong,as the only money created is the principal so there is no way to pay back the debt as the money for the interest doesn't not exist.if this was then the US debt would not be going up but down.

tresury gets money from taxes and from selling bonds.




http://www.usatoday.com/story/money/business/2013/01/10/federal-reserve-payment/1823235/

 

The national debt is going up because they treasury and government is spending money faster then the fed is paying them.

 

In the same way that I am reducing my wifes debt if i pay on her credit cards, but she keeps taking out loans.


i know that

 

but what i was pointing towards is there is no way ever to pay back the USA debt.

sorry there is one way,if the dollar hyperinflates which is coming but that is as good as paying debts in your dreams


Not seeing how that effects the point i made, or in general the control of the federal reserve by the government.

 

Additionally, the US totally could pay off it's debt if the US govenment was serious about it.  We have not yet reached a point where intrest payments are greater then what the US government takes it.

If the US government decided on a debt reduction plan, we could totally pay back the debt.



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Kasz216 said:
hysterianut said:


i know that

 

but what i was pointing towards is there is no way ever to pay back the USA debt.

sorry there is one way,if the dollar hyperinflates which is coming but that is as good as paying debts in your dreams


Not seeing how that effects the point i made, or in general the control of the federal reserve by the government.

 

Additionally, the US totally could pay off it's debt if the US govenment was serious about it.  We have not yet reached a point where intrest payments are greater then what the US government takes it.

If the US government decided on a debt reduction plan, we could totally pay back the debt.

Indeed, the sequester is a good start on that, just that it does so with all the grace and consideration of a drunken civil war surgeon.



Monster Hunter: pissing me off since 2010.

Competing Currencies Can End the Fed.  

For those who support the concept of a central bank/federal reserve, do you believe the Fed should be audited? If not, why? If so, do you think an audit of the Fed would or would not lead to its termination? Why, or why not? 



End the fed!!!



Mr Khan said:
hysterianut said:
Kasz216 said:
Ok... and your second post you seem to be referring to computers as slaves.

Either way... on your argument of manpower being hours....

there are more people now then there have ever been....

That still leads to a "More wealth" situation.


probably your definition of wealth

 

wealth normally means purcahsing power

 

its like saying if there was a pizza with four slices and there were four people to eat it so everybody got one.

now if there was 2 pizza's with 4 slices each and there were 4 people to eat it.everyone now got more.but if there were 8 people so everyone got the same as the first case.

and if you have even more people sharing the same resources,its less for everybody.

 

 

resources and wealth stays the same.they are just transfered to whoever is controlling it.

Resources are a limiting factor to a certain extent, but as we learn how to make more things or make things in different ways, the amount of usable resources goes up. The fracking process is a case in point: it was gas that sat under the earth in such a way as to be useless, but geologists and engineers thought about it, and now it's a resource.


that is effecieny,i agree with what you say.this happens whenever technology and science fields expand but they too need investment and research

 

now if USA didn't have so much land,where would it do such things



Kasz216 said:

No... I'm using what your arguement on wealth is.

That's more or less the definition you've given.

Using your example now...

in modern times.   There is far higher pizza to people ration then there has ever been before.

 

People in modern times are getting way more slices of pizza then they had any other point in time.

first there is not that higher pizza to people's ration,i'm talking worldwide not just the USA.US has benefited from the FED in the short term because of easy credit.

 

plus wealth is not higher pizza but higher purcahsing power which translates into hgiher standard of living.