Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Richest 2% own half the world's wealth

What's on your mind?
General interest discussions, not necessarily related to depletion.
Post a reply

Re: Richest 2% own half the world's wealth

Unread postby mmasters » Tue 12 Dec 2006, 17:34:38

The real arguement should be about what money system to choose and what resulting wealth distrubution model makes the most sense.
User avatar
mmasters
Intermediate Crude
Intermediate Crude
 
Posts: 2272
Joined: Sun 16 Apr 2006, 03:00:00
Location: Mid-Atlantic
Top

Re: Richest 2% own half the world's wealth

Unread postby Specop_007 » Tue 12 Dec 2006, 17:42:35

$this->bbcode_second_pass_quote('NEOPO', 'I') am blinded by the light of your holy presence sire.

As if someone couldnt realize the system was wrong even though they were benefitting from it and still want to do something about it.

Aaron Russo - freedom to fascism...........

Who writes the stories for your eyes about the man or woman who wins the lottery and then keeps working?

I am sure we can find many more links to the loser stories rather then the winner stories as this is what dirty laundry consists of and we like dirty laundry besides the fact that we all support and are part of a power sucking system thus the increasing discrepancy between rich and poor which is an absolute proven fact that was very pronounced prior to the last depression and is very pronounced currently yet my words probably fall on deaf ears and I am nearly positive that your eyes are well glazed by now and that you may need a nappy nap 8)

Imagine my embarrassment when I realized that I was near the top of the illuminati pyramid of power which as we all know is just and true and especially so because we are the ones currently being served.

Now allow me to sink to your level for a minute there pilgrim.

Not on your best day you spindly armed lil' bitch of my mothers bitch.
Not on your fucking best day - not yesterday - not TODAY - not tomorrow!
Not tackle football, Not chess, not armed combat, nor thumb wrestling!
I am prettier, smarter and more loved and above all I could probably knock your sorry ass out with one flick of my big hairy wang!! 8)
<insane laughter sounds dubbed over tool's aenima song>
Lil fella needs to learn to stay on the porch or at work on the phone 8)


Imagine my suprise to see you impressed with your own words, presuming you've somehow made a point and have struck some mortal death blow.

And yet....Whats this....Not ONE example. Your telling me you cant find ONE example.....Not ONE?!

And so, rather then stoop to your level, I shall rise above the pretentious posturing you do so well, and take the moral high ground and sit back and wait for you to provide something with substance.

Top of the pyramid indeed.
"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."

Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble
User avatar
Specop_007
Expert
Expert
 
Posts: 5586
Joined: Thu 12 Aug 2004, 03:00:00
Top

Re: Richest 2% own half the world's wealth

Unread postby EnergyUnlimited » Tue 12 Dec 2006, 18:25:21

$this->bbcode_second_pass_quote('mmasters', 'T')he real arguement should be about what money system to choose and what resulting wealth distrubution model makes the most sense.

The trouble is that all money systems known to humanity (those gold based included here) are only imaginary constructs.
Whatever known currency you choose, it is only imaginary wealth.
In certain circumstances ownership of any given currency may mean huge wealth, but in other circumstances the same currency will only mean worthless electronic record, sheet of paper or a chunk of metal good for nothing.
Gold is also an imaginary wealth, as it is safe currency only for historical reasons.
There is only small "intristic" value in gold.
Actual wealth is coming from assets allowing you to influence others.
Land ownership, oil well ownership or slave ownership are good examples of such natural wealth.
User avatar
EnergyUnlimited
Light Sweet Crude
Light Sweet Crude
 
Posts: 7537
Joined: Mon 15 May 2006, 03:00:00
Top

Re: Richest 2% own half the world's wealth

Unread postby mmasters » Tue 12 Dec 2006, 21:30:50

Surely, but there's most definitely better models than the current one. The one we're using is probably the worst for humanity in general.

Take the demurrage currency system the egyptians used, instead of encouraging investing for the short term it encouraged investing for the long term and many of their structures still stand today.

Wouldn't give these new houses they're building 50 years to last (let alone 3000!)
User avatar
mmasters
Intermediate Crude
Intermediate Crude
 
Posts: 2272
Joined: Sun 16 Apr 2006, 03:00:00
Location: Mid-Atlantic
Top

Re: Richest 2% own half the world's wealth

Unread postby EnergyUnlimited » Thu 14 Dec 2006, 08:30:42

$this->bbcode_second_pass_quote('mmasters', 'S')urely, but there's most definitely better models than the current one. The one we're using is probably the worst for humanity in general.

Take the demurrage currency system the egyptians used, instead of encouraging investing for the short term it encouraged investing for the long term and many of their structures still stand today.

Wouldn't give these new houses they're building 50 years to last (let alone 3000!)

I do not purport any paricular expertise in the currency related subjects, but I have some strong feeling, that hoarding of physical gold or hoarding of other simmilar commodity would quickly turn out as a hedge or "safe haven" against any demurrage currency system implemented.
Please do not suggest, that the solution would be to make gold holding illegal.
As we all know, "Solutions by Legislation" are often foolish concepts, which simply do not work.
There would be always a trend to preserve value to contend with.
User avatar
EnergyUnlimited
Light Sweet Crude
Light Sweet Crude
 
Posts: 7537
Joined: Mon 15 May 2006, 03:00:00
Top

Re: Richest 2% own half the world's wealth

Unread postby rogerhb » Thu 14 Dec 2006, 08:50:08

$this->bbcode_second_pass_quote('EnergyUnlimited', 'T')here is only small "intristic" value in gold.


Ironically most of the value in gold is because most of the rest of planet is not gold. :)
"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken
User avatar
rogerhb
Light Sweet Crude
Light Sweet Crude
 
Posts: 4727
Joined: Mon 06 Sep 2004, 03:00:00
Location: Smalltown New Zealand
Top

Re: Richest 2% own half the world's wealth

Unread postby Doly » Thu 14 Dec 2006, 09:34:01

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('EnergyUnlimited', 'T')here is only small "intristic" value in gold.


Ironically most of the value in gold is because most of the rest of planet is not gold. :)


Incorrect. There are plenty of much rarer things than gold.

However, gold has a lot of useful properties to use as money (hard to fake, easily divisible, lots of value in small quantities, etc). And that's exactly why it's been used as money.
User avatar
Doly
Expert
Expert
 
Posts: 4370
Joined: Fri 03 Dec 2004, 04:00:00
Top

Re: Richest 2% own half the world's wealth

Unread postby mmasters » Thu 14 Dec 2006, 11:55:48

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('mmasters', 'S')urely, but there's most definitely better models than the current one. The one we're using is probably the worst for humanity in general.

Take the demurrage currency system the egyptians used, instead of encouraging investing for the short term it encouraged investing for the long term and many of their structures still stand today.

Wouldn't give these new houses they're building 50 years to last (let alone 3000!)

I do not purport any paricular expertise in the currency related subjects, but I have some strong feeling, that hoarding of physical gold or hoarding of other simmilar commodity would quickly turn out as a hedge or "safe haven" against any demurrage currency system implemented.
Please do not suggest, that the solution would be to make gold holding illegal.
As we all know, "Solutions by Legislation" are often foolish concepts, which simply do not work.
There would be always a trend to preserve value to contend with.


Yeah I don't think we'll probably see it, unless it starts turning into a free-for-all then it's possible some creative types will step up to the plate and start experimenting with new forms of currency.

The current pattern is debt based fiat then when that turns into a problem we move to a gold standard. And then the cycle repeats...

The bankers have the majority stake control in debt based fiat and they have the majority stake control in gold. Win-win all the way. Gold is the future hedge.
User avatar
mmasters
Intermediate Crude
Intermediate Crude
 
Posts: 2272
Joined: Sun 16 Apr 2006, 03:00:00
Location: Mid-Atlantic
Top

Re: Richest 2% own half the world's wealth

Unread postby NEOPO » Thu 14 Dec 2006, 15:06:43

$this->bbcode_second_pass_quote('Specop_007', '')$this->bbcode_second_pass_quote('NEOPO', 'I') am blinded by the light of your holy presence sire.

As if someone couldnt realize the system was wrong even though they were benefitting from it and still want to do something about it.

Aaron Russo - freedom to fascism...........

Who writes the stories for your eyes about the man or woman who wins the lottery and then keeps working?

I am sure we can find many more links to the loser stories rather then the winner stories as this is what dirty laundry consists of and we like dirty laundry besides the fact that we all support and are part of a power sucking system thus the increasing discrepancy between rich and poor which is an absolute proven fact that was very pronounced prior to the last depression and is very pronounced currently yet my words probably fall on deaf ears and I am nearly positive that your eyes are well glazed by now and that you may need a nappy nap 8)

Imagine my embarrassment when I realized that I was near the top of the illuminati pyramid of power which as we all know is just and true and especially so because we are the ones currently being served.

Now allow me to sink to your level for a minute there pilgrim.

Not on your best day you spindly armed lil' bitch of my mothers bitch.
Not on your fucking best day - not yesterday - not TODAY - not tomorrow!
Not tackle football, Not chess, not armed combat, nor thumb wrestling!
I am prettier, smarter and more loved and above all I could probably knock your sorry ass out with one flick of my big hairy wang!! 8)
<insane laughter sounds dubbed over tool's aenima song>
Lil fella needs to learn to stay on the porch or at work on the phone 8)


Imagine my suprise to see you impressed with your own words, presuming you've somehow made a point and have struck some mortal death blow.

And yet....Whats this....Not ONE example. Your telling me you cant find ONE example.....Not ONE?!

And so, rather then stoop to your level, I shall rise above the pretentious posturing you do so well, and take the moral high ground and sit back and wait for you to provide something with substance.

Top of the pyramid indeed.


As if you presented "facts".
Give shit get shit.

As if lottery winners are prime examples! hahahah

I contend that the system is "rigged" to relieve us all of our money/power unless we are smart enough or lucky enough to find a safe place to put it.

The way the system is devised at this point is completely in the favor of the ultra rich/powerful.

How many business's fail because of undercapitolization?
Most of them.....
How many business's start with support from the state and the bank as if nothing could go wrong?
All of them.....

In a small sense raising the minimum wage is a redistribution of wealth until the corporations successfully pass the increase off to the public and then its nothing....no change.

So, many observe this cycle and would like to call it a "law".

Yet why would people choose to be so ignorant and assume that things can not happen any way then they have happened previously and that the system is not slanted in favor of the ones who have most of the money already which is the primary cause for this incorrect observation in the first place???

So sorry but most of the people who choose to believe this myth are either stupid or they are benefitting from the lopsidedness of the system and only pretending to be stupid.

Playing dumb is easy isnt it spe?
It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.
User avatar
NEOPO
Permanently Banned
 
Posts: 3588
Joined: Sun 15 May 2005, 03:00:00
Location: THE MATRIX
Top
Previous
Post a reply

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 4 guests



cron