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Everything posted by loki
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sounds like they love it, other than the steering part. good for kia.
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no, cause the check is just a piece of paper redeemable for money. a legal IOU... before '30's (when fdr confiscated all the gold) paper money was checks, one could take it to someplace, i'm guessing the FED, or a treasury bank, to trade the bill for a coin. my mom has a $5 silver certificate. back then it would have bought ~5 ounces cause they made silver dollars (or actually dimes, quarters, or half dollar) of 90% silver. now a days on the market i'm pretty sure it's just a much fancier $5 bill, which will buy ~1/4 ounce of silver. silver hasn't changed in what it is, or how it's used. the social collapse of not enforcing the legal tender law has made it just another piece of paper that will loose it's widely accepted value instead of actually enforcing the contract of the bill when it was made.
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http://economics.about.com/cs/neoclassical/a/value_of_money.htm So to answer your question, money has value because people believe that they will be able to exchange their money for goods and services in the future. This belief will persist so long as people do not fear future inflation. To avoid inflation, the government must ensure that the money supply does not increase too quickly. believe.. sounds like religion... wikipedia Belief is the psychological state in which an individual holds a proposition or premise to be true. when this cannot be proven, it is a statement of faith, no? silver and gold have industrial uses, as well as aesthetic uses. this proves it's worth something. you guys can laugh at me all you want, down rate me. but what i'm saying, you cannot dismiss as a falsehood. .... and just in the past few days, didn't bernanke said a little inflation won't hurt? ...what has the price of commodites done, like gold and silver... hit new highs a gallon of gas on the market before taxes is ~1/11 an ounce of silver. this has to be a new low, but we still think $2.50 is pretty damn expensive from 5 years ago.
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and when a decimal gets moved, one just inflated or deflated.
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you misunderstood (probably on purpose). $100 should equal the size of 100 $1's. something worth a $100 that aren't $'s to begin with doesn't matter it's size. if you paid in chickens, the other person would want the number of chickens their asking for, not 1 chicken you (or a few people you've never met and don't know their names) claim is worth many more.
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something i thought about today. it's amazing that people accept payment in terms of paper, more so from people that shout for science and not religion, i'll call it faith... my reasons. 1.the physical-ness of fiat, as i said, $1 is basically the same size as $100, only the ink is different. if you had a hundred $1 bills, it'd be common sense that a $100 should be the total space of those $1 bills. a child should know this, yet it's not "practical" so it has to become illogical. 2.under the constitution, anyone could mint gold and silver, but only mints that guaranteed it's purity and such would be regularly used in transactions. with fiat, because paper is so easily counterfeited the government has to monopolize that "service". 3. the size and material used under a gold (or gold/silver) standard would be proportional to the base coin used. the only flaw in that that the mint makes today is the 1/4 ounce gold coin, with a $10 face value when it should be $12.5. 1 ounce = $50. 4. with fiat, you're placing faith in the printers of the fiat that they don't inflate to steal your wealth, faith in people will always let you down. that can always be betted on. and this includes fractional reserve banking. “By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.” - John Maynard Keynes, The Economic Consequences of the Peace (1920) with a gold standard, the standard can change, but the amount of physical property you own (as money) cannot be stolen as silently as it can be with the value put in paper. bottom line. paper represents faith, and something as physical as the gold standard represents science. did i clear up my view point a good deal?
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speaking of steam... anyone getting on the civ 5 presale?
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any update? you know, the 970's were just released... lol
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are you down rating me cause i have a point? ...legal, or the imaginary value of work it takes to make the money... or because i repeat it over and over? also under theory, it has to be wrong about representative money, ..unless it means backed money, exchangeable for predetermined amount that doesn't fluctuate.
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yes olds, i understand what it represents, but take the real "value" of the work put into the money, and that must mean the work was near worthless. bread is "cheap" cause it's been able to be made more than 1 loaf at a time, and the ingredients are a plenty. how fast can a printing press make $1s? now how is it possible to multiply that by any number one can fit on the same piece of paper in the same amount of time?...with no change in the amount of work done? it takes a smart person to duplicate paper in an accepted form of money, it takes an omnipotent being (alchemist?) to create matter out of nothing or change matter at the atomic level. if we could use our machines(atom smashers) to make gold, imagine how much energy and time it would take... the same processes that have made products cheap, has made paper money cheap too. mining has come a long way, cyanide leaching and such, but that still takes lots of time and effort, something that cannot be simplified to the extent most anything else has been simplified. the other side of this is that the law only makes silver and gold legal tender. that has never been legally changed. everyone using paper for legal tender is breaking the law. edit check this http://en.wikipedia.org/wiki/Gold_standard#Theory and http://en.wikipedia.org/wiki/Gold_standard#Disadvantages ... Deflation rewards savers[24][25] and punishes debtors. in this economy and everywhere a low savings rate occurs... this would be good for the few... but since we have to spend our way back to prosperity, we will not be prosperous again.
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it being printed is counterfeit in the first place. it's money that is made of material that is easily replicatable. paper, cotton, plastic, how much is it for a ream of paper? how is it logical that a small peice of "paper" can buy a ream of paper. how is the physical specs of a $1 not a 1/20 of a $20, we have gone from logical to illogical. if you put a hard to copy 20 on a car, why would that be worth 20 of any other car of the same type that has a 1 on it? a dollar should be the size of a stamp if a $20 is the size of one now. ...oh well, maybe in 5- 10 years stamps will cost a dollar and so they could effectively be used instead of the bills today.
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how about a celebrity chopped into an elcamino "clone"
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true lawlessness. "the police made no arrests" they must be feeling similar to the rioters. I pray it doesn't come to that here, but it most likely will.
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so this is now a comic. LOL! http://hipsterhitler.com/2010/08/ironic-invasion/
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that may change with server bulldozers...quad channel ram....8 modules for a total of "16" procs...it will be interesting i know AMD is still basically 1 downsizing behind, but hopefully by '12 they will be at...22 nm just like Intel. but at least TSMC is hoping to be at 28nm next year... barely smaller than the 32 intel is at, but we shall see what wonders are coming our way... hopefully storage mediums that will be less of a bottleneck. ....or the return of ramdisk. lol
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i like the price/performance... ...and for graphics. intel can't compete with the graphics lol what will intel fans have to say when amd has actually taken a moderatly different path then the one it's followed previously. bulldozer looks promising, and it's fusion chips should be a homerun with mainstream to netbook but there's nothing wrong with intel's offerings...they're just starting to get a good whole system package by themselves...chipset wise. and how about VIA? hahah you don't see their products but supposedly they're doing some quite good things with what they've been trying to do.
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curious where you sent yours.... mine went to florida. any notification about it yet?
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lol...sucks doesn't it. it took AMD maybe 1 full week for me to get mine back. good luck with getting a c3 chip out of it.
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saw a new regal the other day.
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glad you're ok!
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Happy Birthday VenSeattle, wherever you are ...
loki replied to Oracle of Delphi's topic in The Lounge
happy birthday! hopefully you can check in a tad bit more. -
i wonder if it will be under rated like the GM was?
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a "new" saturn vue hybrid. the vue's still look good, don't see them alot anymore though.
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so my experience was similar. good to hear you got it taken car of....and prolly pretty cheap.. certainly compared to tranny repairs. lol