Wealth attracts wealth, it's not a conspiracy or anything. It's like when you are single it's hard to find interested women. Get in a relationship? They are all over the place. The poor are charged to save their money, the rich make interest and have more opportunities to invest. The poor rent, the rich get paid rent. It's simple physics; objects in motion tend to stay in motion, objects at rest stay at rest.Vegas » 20 Nov 2022, 7:35 pm » wrote: ↑ I have heard from many people including economists, millionaires (never any billionaires, ironically), political scientists, business owners, wall street buffs, prolific entrepreneurs, academia, and from Cedar's wife while she was serving me breakfast in bed, that the economic system in America is rigged. That it is designed to favor the wealthy and keep the 95% to be dependent on the wealthy. To keep us poor at all costs. Though "poor" is very subjective, the point is that the system is allegedly rigged such that the 95% cannot move past what they already have.
This very well could be, and I am not refuting any of it. However, it's a vague claim. When I listen to the aforementioned people, I don't hear specific examples of how it is rigged. What specific logistics, examples, policies, or systems substantiate this claim?
Thoughts?
@peepee I know that you are going to go **** on this thread, so go ahead and say your usual shot about the value of money and where it comes from.
Cannonpointer » 20 Nov 2022, 9:24 pm » wrote: ↑ Silver and gold are the obvious ones - everything else would be barter.
Barter is clunky. Gold and silver are not.Vegas » 20 Nov 2022, 10:36 pm » wrote: ↑ Metals have always worked well, even since the Roman era. Though as long as government exists, there will always be a hoarding of it by the few. This happened back in the days of the Roman empire as well. Regardless of what tangible resource is used, there is always going to be much room for corruption. The only honest way, that I can see, is barter. Though, depending on what is being bartered, that also can be hoarded by the few. Livestock in particular.
Neo » 20 Nov 2022, 10:35 pm » wrote: ↑ Wealth attracts wealth, it's not a conspiracy or anything. It's like when you are single it's hard to find interested women. Get in a relationship? They are all over the place. The poor are charged to save their money, the rich make interest and have more opportunities to invest. The poor rent, the rich get paid rent. It's simple physics; objects in motion tend to stay in motion, objects at rest stay at rest.
Cannonpointer » 20 Nov 2022, 10:39 pm » wrote: ↑ Barter is clunky. Gold and silver are not.
I have cows, you have chicken - we can do business in metal. Not so much in flesh.
Dude, LIFE is **** corruption. Your gums are rotting. The food you ate at your last meal is rotting and is gonna come out ****. You go without a shower for a few days and NO ONE wants to be close to your stinking ***. Life is corruption.Vegas » 20 Nov 2022, 10:42 pm » wrote: ↑ I know, I would prefer metals. I am just saying that metals still open the door for corruption. Bartering is clunky, but it at least gives people more control over their assets.
Cannonpointer » 20 Nov 2022, 10:49 pm » wrote: ↑ Dude, LIFE is **** corruption. Your gums are rotting. The food you ate at your last meal is rotting and is gonna come out ****. You go without a shower for a few days and NO ONE wants to be close to your stinking ***. Life is corruption.
You want american cheese? Or a nice **** brie? You want grape juice - or wine? You want cereal water - or beer? You take the corruption out of your diet, and you're eating oatmeal for life, negro.
Corruption isn't the problem. No ****, no farm. No farm, no food. If you're looking for zero corruption, try a Buddhist monastery. But you're probably going to be disappointed. We're not looking for perfection - just a middle road. We had one for 50 years - thank you FDR. Now we don't - thank you ronald milhouse reagan.
Then stand down - because the one thing I can absolutely guarantee you is that life is cyclical and this is where it always leads.Vegas » 20 Nov 2022, 10:53 pm » wrote: ↑ It was Nixon that cut off the gold standard, officially.
I know there cannot be 0 corruption. However, there is no point in developing a system that will eventually generate a path to where we are now. Otherwise, there is no point in changing anything since it's going to end up here anyway.
Cannonpointer » 20 Nov 2022, 11:00 pm » wrote: ↑ Then stand down - because the one thing I can absolutely guarantee you is that life is cyclical and this is where it always leads.
The very nature of integrity is that it's always on the way out. Besides a collision, the surest - and most common - way to devalue your vehicle is by driving it off the lot.
Your car starts getting dirty again the minute you wash it. Based on what you just said, why the **** do you even bother to have Deezer's wife change your sheets or do your laundry? Why clean bird **** off your window? Why get haircuts?
Because I'm nt the one crying about corruption and seeking the incorruptible on a planet that thrives on corruption.Vegas » 20 Nov 2022, 11:08 pm » wrote: ↑ It's Cedar's wife, not Deezer's.
That's a gay perspective. Society should always be finding ways to advance so we don't have to endure the pains of the past. You used indoor plumbing and drywall as an example. According to your logic, why bother with indoor plumbing when the moment you use it, the rust, corrosion, and decay of the pipes will begin.
The Founders did just that. Yet, here we are. We should do likewise - though our progeny will be here again.Vegas » 20 Nov 2022, 11:08 pm » wrote: ↑We use it, because in spite of the drawbacks, it moves us forward to a better way of life. Likewise, trying to develop a system, that will steer away from the past, and into a better future, will only lead to a better way of life, in spite of its drawbacks.
Vegas » 20 Nov 2022, 7:35 pm » wrote: ↑ I have heard from many people including economists, millionaires (never any billionaires, ironically), political scientists, business owners, wall street buffs, prolific entrepreneurs, academia, and from Cedar's wife while she was serving me breakfast in bed, that the economic system in America is rigged. That it is designed to favor the wealthy and keep the 95% to be dependent on the wealthy. To keep us poor at all costs. Though "poor" is very subjective, the point is that the system is allegedly rigged such that the 95% cannot move past what they already have.
This very well could be, and I am not refuting any of it. However, it's a vague claim. When I listen to the aforementioned people, I don't hear specific examples of how it is rigged. What specific logistics, examples, policies, or systems substantiate this claim?
Thoughts?
@peepee I know that you are going to go **** on this thread, so go ahead and say your usual shot about the value of money and where it comes from.
Cannonpointer » 20 Nov 2022, 9:28 pm » wrote: ↑ Yeah - that's fine as far as it goes. But then there are the shenanigans.
Wall Street needs a widget. They fund a start up, pump the shares, collect the dough, build the widget, crash the corporation, it goes bankrupt, the company that put the shenanigan together takes everything (including the widget) into receivership, the shareholders eat it (but they're all institutional and spread across the board, so it's really just a tax, not the whole farm), and that success goes down as a "failure."
Not saying that happens - or maybe it's a regular occurrence. What do I know? I'm just not buying that 9 in 10 startups go bust.
Read for comprehension next time. Wealth generates wealth is nothing similar to working hard pays.Vegas » 20 Nov 2022, 10:40 pm » wrote: ↑ This is all naive. This line of thinking comes from years of a useless education system that taught us that you can achieve wealth if you really work hard, etc...and all that crap. That just isn't true. Someone who works fast food works their *** off. Those guys work hard. Yet, they are poor. It's not about hard work. It's about trying to navigate within a system that is designed to keep you down. You can't invest money if you have no money.
Economic system of any country is rigged, because it is intellectually designed to benefit those controlling the values of life assumed to be more than only adapting to the moment here.Vegas » 20 Nov 2022, 7:35 pm » wrote: ↑ I have heard from many people including economists, millionaires (never any billionaires, ironically), political scientists, business owners, wall street buffs, prolific entrepreneurs, academia, and from Cedar's wife while she was serving me breakfast in bed, that the economic system in America is rigged. That it is designed to favor the wealthy and keep the 95% to be dependent on the wealthy. To keep us poor at all costs. Though "poor" is very subjective, the point is that the system is allegedly rigged such that the 95% cannot move past what they already have.
This very well could be, and I am not refuting any of it. However, it's a vague claim. When I listen to the aforementioned people, I don't hear specific examples of how it is rigged. What specific logistics, examples, policies, or systems substantiate this claim?
Thoughts?
@peepee I know that you are going to go **** on this thread, so go ahead and say your usual shot about the value of money and where it comes from.
SJConspirator » 21 Nov 2022, 12:28 am » wrote: ↑ there have been multiple examples, links included, provided on this board. Maybe you were too busy bickering with BV to notice them
viewtopic.php?f=3&t=64576&p=1948578&hil ... n#p1948578
That sounds reasonable.SJConspirator » 21 Nov 2022, 12:35 am » wrote: ↑ 20% of small businesses fail within 1 year
https://www.lendingtree.com/business/sm ... lure-rate/
Cannonpointer » 21 Nov 2022, 7:25 pm » wrote: ↑ That sounds reasonable.
The truth is, none of these sites is capable of anything beyond extrapolation and guess work - but 20% across all industries sound about right.
Free money? That describes success.SJConspirator » 21 Nov 2022, 8:33 pm » wrote: ↑ the lenders can track how many small business loans defaulted vs how many were paid back