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06-14-2009, 07:58 PM
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#26 | | Banned (ABWS)
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Originally Posted by johny  your the dumbass... none of them were in debt, and if the tourist and his money never showed up, they could have worked it out without any money transfer. | you are dumb as fuck too
why the fuck would they work it out ..
if someone owe you 100 dollars and his friend owes him 100 dollars would you go after his friend to get the money back?
the town was in debt due to SERVICE on CREDIT given .. so therefore they did not have the $100 dollars to begin with since no money was given to anyone in the first place until the tourist came along
Last edited by pandalove; 06-14-2009 at 08:03 PM.
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06-14-2009, 08:13 PM
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#27 | | My homepage has been set to RS
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fight club
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06-14-2009, 08:42 PM
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#28 | | WOAH! i think Vtec just kicked in!
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Originally Posted by Ferra are YOU stupid or can't read ? Why are you trying to point out the obvious?? Do you understand or even read what I post?? 
Let me try to make this a bit easier to understand for you...
A owes B $100 and D owes A $100. This makes A's net worth = $0. None of the people in the example is really in debt. (are you really in debt if you owe someone $100 but the bank owe you $100? )
The tourist didn't magically make the debt problem disappear as the example try to suggest. And like someone has pointed out already, the tourist is irrelevant to being with. These people could've just gotten together and solve everything out.
There is a huge "multiplier" effect in our economy, but money just doesn't come up of nowhere. | of course you are assuming that your debtor is actually paying you back, if that assumption is not true then the entire money cycle is broken. think of the rich tourist as the bank and its the purpose is to provide credit to keep the economy working.
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06-14-2009, 08:56 PM
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#29 | | I don't like cheese but I love milk!
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Originally Posted by pandalove i can't believe you showed your face in this post again and show how fucking stupid you are
if the tourist did not come in to the hotel to put down the $100 then there will be no flow of money for any of them to pay back
their debt won't be zero because they did not take 100 dollars from each other ... mention in the little story .. "service" on credit was given out therefore there was $100 debt
again like i said before this wont work in the real world because there will be interest in that equation
again learn to fucking read before posting idiotic shit asswipe | damn..i feel sorry for your parent for having such stupid kid 
I am not going to try and explain this further to you since you would just be too dumb to understand.
go take this question to a econ prof and see what they think of it
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06-14-2009, 09:01 PM
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#30 | | I don't like cheese but I love milk!
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Originally Posted by Carl Johnson of course you are assuming that your debtor is actually paying you back, if that assumption is not true then the entire money cycle is broken. think of the rich tourist as the bank and its the purpose is to provide credit to keep the economy working. | Yes..the problem presented in this example is lack of liquidity, but these people were never truly in debt. Wealth wise, they were no better off nor worse off before or after the tourist came in.
The only thing that might have changed is the people's "optimism", which is indeed very important for any economy.
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06-14-2009, 09:10 PM
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#31 | | Banned (ABWS)
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Originally Posted by Ferra damn..i feel sorry for your parent for having such stupid kid
I am not going to try and explain this further to you since you would just be too dumb to understand.
go take this question to a econ prof and see what they think of it | rofl i don't need to take this to a econ prof to prove how fucking retarded you are
keep up the tough act its getting you no where .. either you prove me wrong or shut the fuck up shit face
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06-14-2009, 09:20 PM
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#32 | | I don't like cheese but I love milk!
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Originally Posted by pandalove rofl i don't need to take this to a econ prof to prove how fucking retarded you are
keep up the tough act its getting you no where .. either you prove me wrong or shut the fuck up shit face | To prove you wrong, how are they better off after the tourist came in?
Before the tourist came in, their economy has no cash to start with, everyone has $100 asset and $100 liabilities, $0 net worth
The tourist came in with $100 and everyone paid off their debt with the new liquidity, but the tourist is now gone with the $100. So they town has $0 cash, and everyone has $0 asset, $0 liabilities, and again, $0 net worth.
There is still no cash in the economy, and these people are back to square one. And what happens next from here??
The next time these people try to do business, they go back to offering service on credit, and everyone go back to owing someone $100, and have someone owing them $100.
I really don't understand what is it that you don't understand
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06-14-2009, 09:27 PM
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#33 | | ninja edits your posts without your knowledge
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Pssst!
Someone is getting trolled....
Or atleast I hope so... No one can be that stupid.... Right....? | |
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06-14-2009, 09:28 PM
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#34 | | Banned By Establishment
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The multiplier is banks. New money is created when funds are written into the account of someone who promises to pay it back with interest.
No banks, and the world runs like the example-in an extremely simplified form.
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06-14-2009, 09:28 PM
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#35 | | Banned (ABWS)
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Originally Posted by Ferra To prove you wrong, how are they better off after the tourist came in?
Before the tourist came in, their economy has no cash to start with, everyone has $100 asset and $100 liabilities, $0 net worth
The tourist came in with $100 and everyone paid off their debt with the new liquidity, but the tourist is now gone with the $100. So they town has $0 cash, and everyone has $0 asset, $0 liabilities, and again, $0 net worth.
There is still no cash in the economy, and these people are back to square one. And what happens next from here??
The next time these people try to do business, they go back to offering service on credit, and everyone go back to owing someone $100, and have someone owing them $100.
I really don't understand what is it that you don't understand | there was nothing in the original article suggest that the tourist was going to make them better off
it was merely showing the fault of the US government in how they are handling the economy
Your first post was:
Originally Posted by Ferra View Post
How the heck are they "in-debt" to being with if they owe someone $100 but at the same time, someone owe them $100?
They start off with $0 wealth/debt, and ended up with $0 wealth/debt
and i showed you how they were in-debt because they were using service on credit
the tourist served as a boost to get the flow of money going
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06-14-2009, 09:29 PM
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#36 | | MiX iT Up!
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Originally Posted by Ferra To prove you wrong, how are they better off after the tourist came in?
Before the tourist came in, their economy has no cash to start with, everyone has $100 asset and $100 liabilities, $0 net worth
The tourist came in with $100 and everyone paid off their debt with the new liquidity, but the tourist is now gone with the $100. So they town has $0 cash, and everyone has $0 asset, $0 liabilities, and again, $0 net worth.
There is still no cash in the economy, and these people are back to square one. And what happens next from here??
The next time these people try to do business, they go back to offering service on credit, and everyone go back to owing someone $100, and have someone owing them $100.
I really don't understand what is it that you don't understand |
man this is like accounting 101?? A + L = SE .. lols..
waiting for pandalove... show me some love ...
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
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06-15-2009, 01:56 PM
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#37 | | I don't like cheese but I love milk!
Join Date: Nov 2002 Location: Van
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Originally Posted by pandalove there was nothing in the original article suggest that the tourist was going to make them better off
it was merely showing the fault of the US government in how they are handling the economy
Your first post was:
Originally Posted by Ferra View Post
How the heck are they "in-debt" to being with if they owe someone $100 but at the same time, someone owe them $100?
They start off with $0 wealth/debt, and ended up with $0 wealth/debt
and i showed you how they were in-debt because they were using service on credit
the tourist served as a boost to get the flow of money going | and I showed you how they are not truly "in-debt" because they owe someone $100 and someone owe them $100, making their net worth $0.
That was the point of my post. You don't call a person "in-debt" if he has a $0 or positive net worth.
Just like how you shouldn't consider a person rich if he has $1 million cash, but owe the bank a $2 million loan. Or a person poor when he owes the bank $1 million, but has a house that's worth $5 million.
You are either too stupid to understand the simple idea of net worth, or too ignorant to read other people's points before spilling shit out of your mouth.
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06-15-2009, 02:16 PM
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#38 | | Banned (ABWS)
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Originally Posted by Ferra and I showed you how they are not truly "in-debt" because they owe someone $100 and someone owe them $100, making their net worth $0.
That was the point of my post. You don't call a person "in-debt" if he has a $0 or positive net worth.
Just like how you shouldn't consider a person rich if he has $1 million cash, but owe the bank a $2 million loan. Or a person poor when he owes the bank $1 million, but has a house that's worth $5 million.
You are either too stupid to understand the simple idea of net worth, or too ignorant to read other people's points before spilling shit out of your mouth. | how are they not in debt if you owe money
debt means you OWE
they all OWE each other money
when you can't pay then you are automatically in debt
if i have a billion dollars on hand ... but i don't pay my credit card that has 500 dollars on it .. i am still IN DEBT on that credit card
what part of this don't you understand retard you owe you owe .. u can't not be in-debt because someone owes you
and stop saying 0o0o0o they all owe each other then their net worth is 0 ... if you don't have that 100 dollars on hand to pay what you owe then your in debt
oh ya fuck you shit head you are dumb as fuck retard your mom died and ur dad is gay
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06-15-2009, 03:00 PM
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#39 | | I answer every Emotion with an emoticon
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Originally Posted by tiger_handheld man this is like accounting 101?? A + L = SE .. lols..
waiting for pandalove... show me some love ... |
errrrr, it's A = L + SE
Well, the world isnt that simple and after you factor in bad debt, the bank wins and everyone loses
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How I wish I can remain ignorant, why do I know so much?
Last edited by q0192837465; 06-15-2009 at 03:16 PM.
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06-15-2009, 04:57 PM
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#40 | | My homepage has been set to RS
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Originally Posted by pandalove oh ya fuck you shit head you are dumb as fuck retard your mom died and ur dad is gay | sig
you are the second coming of HongKongG.
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06-15-2009, 06:58 PM
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#41 | | I answer every Emotion with an emoticon
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[youtube]XBSY3S0Dpd0[/youtube]
__________________ Quote:
Originally Posted by MajinHurricane who would ban me? lol. Look at my post count. | | |
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06-15-2009, 09:53 PM
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#42 | | MiX iT Up!
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i just realized the panda in pandaloves avatar has a "wtf you looking at" face... i swear it was smiling yesterday...
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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06-15-2009, 10:01 PM
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#43 | | Banned (ABWS)
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Originally Posted by tiger_handheld i just realized the panda in pandaloves avatar has a "wtf you looking at" face... i swear it was smiling yesterday... | this is my panda's serious face ...ready to pounce
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06-15-2009, 10:13 PM
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#44 | | Ye olde moderator
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Lets stay on topic without the personal attacks please.
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