Will the USA default?

[Brian d marge]

Fk'n dole bludgers, eh? Make 'em dig ditches I reckon...

Quite right
Along with those I would add those in min security prisons

Yoofs on pd

Nothing wrong with a days hard yakka ,

Stephen

not a piss take trust me

[Ocean1]

270k? Maybe it's not.

OK. So each US citizen owes US$54577.

And each US houshold owes US$54577.

Now, is that public debt? Or private...

Do all you wrong people join clubs and shit? Only you seem to latch onto sooooo much utter shit it can't be purely coincidental...

Nah, the stupid entitlement ridden fucktards who be believe that they are worth what they earn moreso than someone else.

Those that others believe are worth what they earn? Them ones?

Fine upstanding body of individuals, salt of the earth, yer dole bludgers'd be toast without them.

[Ocean1]

Quite right
Along with those I would add those in min security prisons

Yoofs on pd

Nothing wrong with a days hard yakka ,

Stephen

not a piss take trust me

I don't actually have a problem with dole bludgers spending their day however they want.

It's just that employment legislation has fabricated one hellava lot of dole bludgers...

[mashman]

OK. So each US citizen owes US$54577.

And each US houshold owes US$54577.

Now, is that public debt? Or private...

Do all you wrong people join clubs and shit? Only you seem to latch onto sooooo much utter shit it can't be purely coincidental...

Those that others believe are worth what they earn? Them ones?

Fine upstanding body of individuals, salt of the earth, yer dole bludgers'd be toast without them.

Dunno. If I was gonna have a pop I'd say both public and private it being household debt... but then looking at NZ's it looks as though it's only public.

Of course it's a club, we like people.

No not them ones, the other ones, the ones that believe that they are worth what they supposedly earn.

Funny, yer fine upstanding individuals would be broke without subsidising them thar bludgers, not to mention that yer money would be fooked.

[Ocean1]

No not them ones, the other ones, the ones that believe that they are worth what they supposedly earn.

What the fuck would you know about whether anyone else is worth what they earn, supposedly or actually?

Funny, yer fine upstanding individuals would be broke without subsidising them thar bludgers, not to mention that yer money would be fooked.

Yeah, 'cause those that actually produce shit of value really really need to pay for parasites that produce fuck all.

Difficult to see how you could get any wronger.

[Drew]

What the fuck would you know about whether anyone else is worth what they earn, supposedly or actually?




Yeah, 'cause those that actually produce shit of value really really need to pay for parasites that produce fuck all.

Difficult to see how you could get any MORE WRONG.

Couldn't help myself.

[mashman]

What the fuck would you know about whether anyone else is worth what they earn, supposedly or actually?

Yeah, 'cause those that actually produce shit of value really really need to pay for parasites that produce fuck all.

Difficult to see how you could get any wronger.

There's plenty of people who are underpaid and there's plenty of people overpaid and somewhere in the middle there's a lolly scramble for what's left. A tiered system of earning based on the whims of a market that rewards effort on the basis of how much money is available v's complexity of the task. It's a fuckin bad joke for many people innit?

You almost brought a tear to my eye. Produce shit of value? It's not what is produced that is valued, it's how much money it makes.

Dats only coz you don't got a fuckin clue and can only see your view as the right one despite the fact that the system if absolutely jam packed with people who produce high valued goods that are next to fuckin useless.

[Wingnut]

The fault is in "Fractional Reserve Lending"....

Currencies need to be based on something tangible. Gold would've been ideal....

[Brian d marge]

The fault is in "Fractional Reserve Lending"....

Currencies need to be based on something tangible. Gold would've been ideal....

enters the system at roughly the population growth , problem is the movement and the booms and busts it creates

Charles Dickens , Oliver twist , the passage about the philosopher seeing the impact of their ideas on this small child , is all about the gold standard

Stephen

[Ocean1]

There's plenty of people who are underpaid and there's plenty of people overpaid

Then they should probably find an employer that pays them what they're worth.

A tiered system of earning based on the whims of a market that rewards effort on the basis of how much money is available v's complexity of the task. It's a fuckin bad joke for many people innit?

But it's not based on how much money is available. It's based on the value of the product, according to those that pay for it. And you think you'd be better deciding what the product's worth, based on some flaky notion that all pigs are equal.

They're not. But, y'know, next time you want to buy some shit and you think the dude selling it is hugely overcharging then feel free to leave your cash in your pocket. Just like everyone else.

Produce shit of value? It's not what is produced that is valued, it's how much money it makes.

If you thought hard about that statement for too long you'd be in serious danger of coming to the generally accepted conclusion that money is in fact the unit the world uses to value shit.

Doesn't fit your deranged assertions about money falling out of thin air, magically onto those that don't deserve it, though. Do I got that right this time?

Dats only coz you don't got a fuckin clue and can only see your view as the right one despite the fact that the system if absolutely jam packed with people who produce high valued goods that are next to fuckin useless.

Shirly not? You should tell the poor people buying that useless shit! They obviously don't know! How horrible! Tragedy of the century, right there!

Now fuck off and earn your employer some cash for a change, rather than distributing spittle all over your laptop and making yourself a tired joke.

[avgas]

Obviously I haven't read the whole thread. Fuck, I wouldn't understand most of it anyway.

Has anyone considered what happens to New Zealand if China calls in their debt from America? If the yanks have to pony up the cash, they're gonna call in all their debts and we're all of a sudden...fucked.

Asshole theory kicks in.

"See we have the bomb!"

Its happened before. There was a big who-haaa about the US when US was the international currency standard - france swapped all its gold for USD then they devalued the dollar (after they said they wouldn't), france asked for the gold back and US simply said...NO!

[Edbear]

On the radio yesterday...

US owes China something like $1.3trillion, and owes Japan $1.2trillion and owes NZ the America's Cup.

[mashman]

Obviously I haven't read the whole thread. Fuck, I wouldn't understand most of it anyway.

Has anyone considered what happens to New Zealand if China calls in their debt from America? If the yanks have to pony up the cash, they're gonna call in all their debts and we're all of a sudden...fucked.

China could take the NZ debt of the US and we'd end up owing China.

I owe your wife 10 bucks for allowing me to play with her lady parts.
You owe me 10 bucks as I let you give me a blow job.
Instead of you paying me, you could just pay your wife.

[mashman]

Then they should probably find an employer that pays them what they're worth.

That job needs to be available first... and even when it is you've still got the same situation, unless a new job is created.

But it's not based on how much money is available. It's based on the value of the product, according to those that pay for it. And you think you'd be better deciding what the product's worth, based on some flaky notion that all pigs are equal.

They're not. But, y'know, next time you want to buy some shit and you think the dude selling it is hugely overcharging then feel free to leave your cash in your pocket. Just like everyone else.

Of course it's based on how much money is available. The product goes no further than break even point. After that it's how much to pay the plebs from the profit that's been made. I already choose how much I pay for things tyvm... and all pigs are equal if they're all needed. Remove the ground floor pigs and the rest will be out on their ear shortly afterwards.

If you thought hard about that statement for too long you'd be in serious danger of coming to the generally accepted conclusion that money is in fact the unit the world uses to value shit.

Doesn't fit your deranged assertions about money falling out of thin air, magically onto those that don't deserve it, though. Do I got that right this time?

I long ago accepted that conclusion... however I don't stop my classification of money at that point as it is much more than just a medium of exchange.

It's not a case of who deserves it, it's a case of getting it the fuck out of the way coz it's stopping much goodness, so no, you're not right this time either.

Shirly not? You should tell the poor people buying that useless shit! They obviously don't know! How horrible! Tragedy of the century, right there!

Now fuck off and earn your employer some cash for a change, rather than distributing spittle all over your laptop and making yourself a tired joke.

I'll get there.

I'll think about it.

[Ocean1]

That job needs to be available first... and even when it is you've still got the same situation, unless a new job is created.

Jobs are available for anyone that wants one, paying what you earn.

I already choose how much I pay for things tyvm...

... but you want to decide what everyone else pays for things too.

and all pigs are equal if they're all needed.

But they're not all needed. Them what produce fuck all are completely surplus to requirements.

I long ago accepted that conclusion... however I don't stop my classification of money at that point as it is much more than just a medium of exchange.

Only for people trying to convince others to pay more for shit than what it's worth. Shysters.


And fuckwits.

It's not a case of who deserves it, it's a case of getting it the fuck out of the way coz it's stopping much goodness, so no, you're not right this time either.

Make up yer fucking mind, either money's a unit of value or it's freely available for spending on absolutely anything anyone wants, which is it? 'Cause it certainly can't be both.