Author Topic: Time Equals Profit for Banks  (Read 5075 times)

Online taxed

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Re: Time Equals Profit for Banks
« Reply #30 on: December 30, 2016, 05:54:57 AM »
I really don't think he knows what it even means, Hell the guy came in with Econ for a moniker and proved he knows absolutely zero about the free mkt.

I still can't believe he's in his late 40s.

Offline Ghoulardi

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Re: Time Equals Profit for Banks
« Reply #31 on: December 30, 2016, 05:59:19 AM »
I still can't believe he's in his late 40s.

I'm still waiting to see what credentials trump two businessmen on the economy
« Last Edit: December 30, 2016, 06:06:38 AM by Ghoulardi »

Online Solar

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Re: Time Equals Profit for Banks
« Reply #32 on: December 30, 2016, 06:02:51 AM »
I still can't believe he's in his late 40s.
With a total of 5 years interest in economics.
Hell, mine started at 5 years old when my aunt opened my first savings account at Wells Fargo in 1959 with one dollar.
Of course, one dollar then was near $20 today in buying power.
Thanks for the early econ lesson Aunt Marge.... :cool:
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Online taxed

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Re: Time Equals Profit for Banks
« Reply #33 on: December 30, 2016, 06:04:53 AM »
I'm still waiting to see what credential trump two businessmen on the economy

It's the difference between fantasy stock picking versus putting your actual money up.  A lot of people kill it in the fantasy scenario, but get murdered when they start putting their money in.  The mentality just changes and economics become so much more clear when you have to actually do your own hunting and fishing, economically speaking.  He's never had that moment when his stomach just drops and knees get weak.

Offline Econ4Every1

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Re: Time Equals Profit for Banks
« Reply #34 on: December 30, 2016, 07:09:19 PM »
No its not, its created by mutual agreement of the populace. For example, what makes gold so valuable? Mutual agreement.

That doesn't change the fact that all US currency exists as the result of a debt (save coins). If you don't understand that, you don't understand our monetary system.

Strawman. Just when was that said?

I was replying to:

Here's the problem. You don't get the fact that you're trying to debate the intricacies of a system that can't support itself under free mkt principles.
How much clearer can I be? You're trying to debate the efficacy of socialism/cronyism in a free mkt/Capitalistic society.
Can you see just how ludicrous that is to people that had successful careers under a system where the govt had yet to dominate?
 :lol: :lol: :lol: :lol:

You mean when you really want to push the strawman.

Look up the strawman fallacy, because you're using it wrong.

You mean find an acceptable definition as you deem. How bout you find an acceptable definition as I deem?

No, there are only correct definitions and people's incorrect interpretations of them, otherwise, we'd never be able to have a conversation.  What I asked was for you to find an acceptable definition, acceptable as written in a dictionary or other universally accepted source.

After all, weren't we all versed on socialism and its evils in middle school? How'd you get left out of the loop?

But that's just it, so far you've demonstrated you don't even know what Socialism is.

Offline Econ4Every1

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Re: Time Equals Profit for Banks
« Reply #35 on: December 30, 2016, 07:16:50 PM »
Is the "Loanable Funds Theory "true or false?

Definition

[/quote]Financial assets or money that is available to borrow. This theory is based on the concept that corporations providing goods and services demand capital. Purchasers of goods and services provide capital. Borrowers demand loanable funds that are indirectly made available by savers who allow banks access to their assets.


Read more: http://www.investorwords.com/16518/loanable_funds_theory.html#ixzz4UNk2d4mE[/quote]

Offline Ghoulardi

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Re: Time Equals Profit for Banks
« Reply #36 on: December 30, 2016, 07:20:02 PM »

No, there are only correct definitions and people's incorrect interpretations of them, otherwise, we'd never be able to have a conversation.  What I asked was for you to find an acceptable definition, acceptable as written in a dictionary or other universally accepted source.

But that's just it, so far you've demonstrated you don't even know what Socialism is.

So far you haven't proven to me you have the credentials to tell me whether I'm wrong or right.

Now, third time, you scoffed at Solar's and Taxed's businessman credentials.

Third time: what are your credentials

Online Solar

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Re: Time Equals Profit for Banks
« Reply #37 on: December 30, 2016, 07:49:58 PM »
Is the "Loanable Funds Theory "true or false?

Definition

Financial assets or money that is available to borrow. This theory is based on the concept that corporations providing goods and services demand capital. Purchasers of goods and services provide capital. Borrowers demand loanable funds that are indirectly made available by savers who allow banks access to their assets.


Read more: http://www.investorwords.com/16518/loanable_funds_theory.html#ixzz4UNk2d4mE
You were asked to address your post and ignored the request and were told you'd be put in timeout if you didn't.
When you come back, make the address your first post when you return or it will be your last post.
You are now in timeout.

"There is an argument to be made for income inequality".
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Online taxed

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Re: Time Equals Profit for Banks
« Reply #38 on: December 31, 2016, 12:41:38 PM »
So far you haven't proven to me you have the credentials to tell me whether I'm wrong or right.

Now, third time, you scoffed at Solar's and Taxed's businessman credentials.

Third time: what are your credentials

That's one of the signatures of a true Marxist.  They can't have any respect or acknowledgement of one's experience, because they need to give the illusion that they know better.  The academic knows they must compete against life experience and critical thinking.

Offline Econ4Every1

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Re: Time Equals Profit for Banks
« Reply #39 on: January 01, 2017, 09:59:31 AM »
You were asked to address your post and ignored the request and were told you'd be put in timeout if you didn't.
When you come back, make the address your first post when you return or it will be your last post.
You are now in timeout.

"There is an argument to be made for income inequality".

Few thoughts on what is sure to be my last post here at CPF.

First, I'd really like to genuinely thank everyone for taking the time to engage in discussion.  It's unfortunate that we were unable as people, as Americans, to work harder to make an effort to find more commonality.  It seems that if this kind of behavior continues to proliferate, the result will be more dangerous and disruptive for our children than any drug epidemic, the threat of terrorism or fear of cultural immorality.  It will divide the greatest nation on earth and will no doubt leave for our children a nation much, much worse off than the one we were given.  They will undoubtedly look back to this period and yearn for it, even with all its imperfections.

Now I've been put to an ultimatum.  Answer a moderators question or be banned.




Frankly, I find it shocking and incredibly hypocritical that members of this forum could be so selective in their outrage as to justify such an unprincipled action.  Not answering a question is not a violation of the terms of service.  First, because it was not the thrust of the conversation, a conversation that I started.  And second because of the way that I said it.



Apparently not.  You might want to take that down.

To say that there is "an argument to be made" is not the same as saying that you believe or are necessarily convinced of that argument. The implication of that statement is to recognize that there is value in a discussion and learning all point of view on a particular topic.  Indeed, that's what I'm doing here.  Having a discussion with people I disagree with.  To take the time to learn, even be influenced by those that I disagree with, even if I don't list the changes that my conversations with self-proclaimed conservatives have had on me, I assure you that in speaking to people in several Conservative forums I have come to understand and be considerate of many things that I might not have otherwise have considered without having had this experience.   Lastly, I said that I would be happy to debate the topic of income inequality in a new thread, but that derailing threads on side topics are generally considered poor forum ettiqute.

For instance, I think there is an argument to be made for parents to limit their children's access to cell phones, there is an argument to be made for leaving marriage as a strictly religious institution and removing the state's role in it all together.  There is an argument to be made that the President's executive powers should be more limited.  There's an argument to be made that judicial activism has exceeded the power of the Constitution.  There is an argument to be made that the terms "rape culture" and "white privilege" are the result of a generation of sheltered children who are now adults and don't know how to resolve conflict without resorting to manipulation of those in authority.....ect....ect.

Now I, of course, have ideas of my own about all of these, but in a nation where ideas can be changed, where our founding document can be amended, discussion and evidence should matter.  It should be of the highest cultural significance.  The problem is that there are elements on opposing sides who scoff at the simple idea of having that conversation.  Now I don't claim to know what the "founders intended", but what I do know is that they came from fairly diverse backgrounds and the nation they were trying to build was even more diverse and I'm certain that they understood the value of conversation.  The idea that it was ok to consider ideas of those they vehemently disagreed with even if they didn't accept them.

I'm not here calling people stupid.  I don't demonize the opinions of others, even when I disagree.  I've never said that Conservative ideas are destructive.  The only thing I find destructive is the intolerance on the Left, Right, Conservative, Liberal, Progressive, Libertarian or whatever words you wish to use to self-identify, the point is the thing that is most destructive is the intolerance of simple conversation (again, on all sides of the political debate).

Banning me for refusal to answer a question in this context is no different than what the false-Liberals are doing when they cleanse their colleges of speakers who they believe have ideas that they disagree with.  When Black Lives Matter interrupt conversations of those that disagree or feminists demand that their ideas be held sacred and unquestioning.  That somehow even hearing an argument will offend them. Thier claims and ideas are no longer up for debate and have become sacred. 

That is what has happened here.  My decision, my refusal to "fall in line" has been met with exile from the group.

I can't be forced to answer a question and I find it sad that there isn't a single person willing to step out of line in this group on principled grounds to call out this unprincipled behavior.  I expect this kind of behavior from radical progressives.  Conservatives in my experience are more likely to stick to the principles they set for themselves.  I guess what we're seeing is a change, where Conservatives are ok to adopt the worst of Progressive intolerance.  Intolerance they claim to despise. 

How ironic.

In the end, I really don't care if you remove me (for not answering a question...lol)...  The point is, you, the Conservative member of this forum, should care.

-Cheers

Offline Econ4Every1

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Re: Time Equals Profit for Banks
« Reply #40 on: January 01, 2017, 10:21:20 AM »
So far you haven't proven to me you have the credentials to tell me whether I'm wrong or right.

Now, third time, you scoffed at Solar's and Taxed's businessman credentials.

Third time: what are your credentials

To answer this, before I'm removed...

What difference does it make, my credentials"?   As if credentials somehow make you right.

Look up Warren Mosler who supports the same ideas I do.  He worked in the banking system for 20 some odd years, was a hedge fund manager (where he developed the ideas that I share with you and used them too much success).  Today he is requested to consult with people, companies and even entire nations (Italy for instance).  He has run several businesses including is own car company.  So tell me, do his credentials matter?

Offline Ghoulardi

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Re: Time Equals Profit for Banks
« Reply #41 on: January 01, 2017, 10:23:23 AM »
Few thoughts on what is sure to be my last post here at CPF.

First, I'd really like to genuinely thank everyone for taking the time to engage in discussion.  It's unfortunate that we were unable as people, as Americans, to work harder to make an effort to find more commonality.  It seems that if this kind of behavior continues to proliferate, the result will be more dangerous and disruptive for our children than any drug epidemic, the threat of terrorism or fear of cultural immorality.  It will divide the greatest nation on earth and will no doubt leave for our children a nation much, much worse off than the one we were given.  They will undoubtedly look back to this period and yearn for it, even with all its imperfections.

Now I've been put to an ultimatum.  Answer a moderators question or be banned.

So why is answering the question so hard?

Quote
Frankly, I find it shocking and incredibly hypocritical that members of this forum could be so selective in their outrage as to justify such an unprincipled action.  Not answering a question is not a violation of the terms of service.  First, because it was not the thrust of the conversation, a conversation that I started.  And second because of the way that I said it.

Again, what's so hard about answering the question? You want us to waste our time answering your questions, but you won't answer ours.

Quote
Apparently not.  You might want to take that down.

To say that there is "an argument to be made" is not the same as saying that you believe or are necessarily convinced of that argument. The implication of that statement is to recognize that there is value in a discussion and learning all point of view on a particular topic.  Indeed, that's what I'm doing here.  Having a discussion with people I disagree with.

No your not, your trying to ram your ideology down others throat, otherwise you'd answer the questions presented you.

Quote
To take the time to learn, even be influenced by those that I disagree with, even if I don't list the changes that my conversations with self-proclaimed conservatives have had on me, I assure you that in speaking to people in several Conservative forums I have come to understand and be considerate of many things that I might not have otherwise have considered without having had this experience.   Lastly, I said that I would be happy to debate the topic of income inequality in a new thread, but that derailing threads on side topics are generally considered poor forum ettiqute.

So then why haven't you created another thread and answered the question? Are you starting to see a pattern here?

Quote
For instance, I think there is an argument to be made for parents to limit their children's access to cell phones, there is an argument to be made for leaving marriage as a strictly religious institution and removing the state's role in it all together.  There is an argument to be made that the President's executive powers should be more limited.  There's an argument to be made that judicial activism has exceeded the power of the Constitution.  There is an argument to be made that the terms "rape culture" and "white privilege" are the result of a generation of sheltered children who are now adults and don't know how to resolve conflict without resorting to manipulation of those in authority.....ect....ect.

Who cares? You can waste bandwidth on excuses, yet you won't answer the question. Why?

Quote
I'm not here calling people stupid.  I don't demonize the opinions of others, even when I disagree.  I've never said that Conservative ideas are destructive.  The only thing I find destructive is the intolerance on the Left, Right, Conservative, Liberal, Progressive, Libertarian or whatever words you wish to use to self-identify, the point is the thing that is most destructive is the intolerance of simple conversation (again, on all sides of the political debate).

Actually you are and you do. You scoffed at both solar's and taxed's credentials as a businessmen' yet refuse to present your own credentials. Isn't that proper debate manners?

You tell me I have no idea what socialism is, when I diddn't even define it.

Quote
Banning me for refusal to answer a question in this context is no different than what the false-Liberals are doing when they cleanse their colleges of speakers who they believe have ideas that they disagree with.  When Black Lives Matter interrupt conversations of those that disagree or feminists demand that their ideas be held sacred and unquestioning.  That somehow even hearing an argument will offend them. Thier claims and ideas are no longer up for debate and have become sacred. 

That is what has happened here.  My decision, my refusal to "fall in line" has been met with exile from the group.

You mean your refusal to back up your claim. Isn't that also proper debate manners?

Quote
I can't be forced to answer a question and I find it sad that there isn't a single person willing to step out of line in this group on principled grounds to call out this unprincipled behavior.  I expect this kind of behavior from radical progressives.  Conservatives in my experience are more likely to stick to the principles they set for themselves.  I guess what we're seeing is a change, where Conservatives are ok to adopt the worst of Progressive intolerance.  Intolerance they claim to despise. 

Yet you expect us to answer your questions, right?
« Last Edit: January 01, 2017, 10:28:28 AM by Ghoulardi »

Offline Ghoulardi

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Re: Time Equals Profit for Banks
« Reply #42 on: January 01, 2017, 10:26:38 AM »
What difference does it make, my credentials"?   As if credentials somehow make you right.

Apparently in your universe they do. You scoffed at taxed and solars business experience, yet you act like stuff your trying to sell was handed to you on stone tablets

You have no more idea of right than I do

That's the difference between a pseudointellectual and a true intellectual: a true intellectual always considers, "I could be wrong."

Quote
Look up Warren Mosler who supports the same ideas I do.  He worked in the banking system for 20 some odd years, was a hedge fund manager (where he developed the ideas that I share with you and used them too much success).  Today he is requested to consult with people, companies and even entire nations (Italy for instance).  He has run several businesses including is own car company.  So tell me, do his credentials matter?

This is my impressed look.

And the above all means what? Nothing. It doesn't make him right either.

Thousands of people still follow Karl Marx and his ideas and you can see what they've done to the world again and again.
« Last Edit: January 01, 2017, 10:59:46 AM by Ghoulardi »

Offline Econ4Every1

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Re: Time Equals Profit for Banks
« Reply #43 on: January 01, 2017, 11:12:11 AM »
Apparently in your universe they do. You scoffed at taxed and solars business experience, yet you act like stuff your trying to sell was handed to you on stone tablets

You have no more idea of right than I do

That's the difference between a pseudointellectual and a true intellectual: a true intellectual always considers, "I could be wrong."

This is my impressed look.

And the above all means what? Nothing. It doesn't make him right either.

Thousands of people still follow Karl Marx and his ideas and you can see what they've done to the world again and again.

I'm on my cell,  so I'll answer this as it's shorter.   There is a difference between microeconomics,  which business owners are undoubtedly very experienced in,  and I would yield to thier experience in many areas in this regard.   However,  being a business person does not uniquely qualify a person in macroeconomics.   The fact that no one,  to my knowledge has made that distinction supports my claim.

Household (or business) finances are not the same as government finances when the government in question is a soverign currency issuer.

Offline Ghoulardi

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Re: Time Equals Profit for Banks
« Reply #44 on: January 01, 2017, 11:15:25 AM »
I'm on my cell,  so I'll answer this as it's shorter.   There is a difference between microeconomics,  which business owners are undoubtedly very experienced in,  and I would yield to thier experience in many areas in this regard.   However,  being a business person does not uniquely qualify a person in macroeconomics.   The fact that no one,  to my knowledge has made that distinction supports my claim.

Household (or business) finances are not the same as government finances when the government in question is a soverign currency issuer.

Yadda yadda yadda bull bull

I ask you the time and you tell me how to build a clock.

You still haven't said what qualifies you to judge their qualifications.
« Last Edit: January 01, 2017, 11:19:49 AM by Ghoulardi »

 

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