georgephillip
Diamond Member
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- #2,281
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Are you jealous?Before or after Chavez stole billions?
Are you jealous?
Why don't you try explaining the differences between industrial and finance capitalism?No. If you don't recall, or don't have the wherewithal to search for them yourself, I give no shits.
Because you won't even read it. You'll just post another unrelated meme and pretend it means something relevant.Why don't you try explaining the differences between industrial and finance capitalism?
"We want every fucking thing you do to be controlled by majority rule."
Which, as always, in no way addresses or contradicts my post. You want everything subject to your sacred majority rule.[another stupid fucking meme]
What does one share/one vote tell you about equality of opportunity?one share buys you one vote…just like in a democracatic govt, one citizen (with age requirements) gets one vote.
however you can buy more shares and get more votes
Which of Marx's works have you read?ead what Marx wrote…and of course seen it throughout history
Crooked corporation frames human rights lawyer, and you blame the lawyer.A crooked lawyer going to prison?
So sad.
What do you own, Bean Counter?'m the owner as long as I want to be.
You're still a poor loser.
Lose those chains, comrade!!!
I'm saying vast concentrations of money kill democracy.So you are admitting that democracy can't work.
Which side of that wall are corporations on?Yes. We need a constitutional "wall of separation" between economic and state power. The more we combine them, the worse things get
Fuck you and your phony questions. You know goddamned well which side, you're just playing more stupid agitprop games. You've turned out to be a real piece of shit troll.Which side of that wall are corporations on?
Please explain what "Partial gold coverage" is. I've never heard of it.You can't find a single bank that had 100% gold coverage for every note they issued.
They are not on the "state power" side of the wall.Which side of that wall are corporations on?
Russia is going to pay all the debt it incurred to the USA during WW II?
They all did.
You're confused.
What's the point of partial coverage?
So that they can redeem a portion of their notes with gold coin.
What does that even mean?
It means that you don't understand free banking.
Do they renege on their promise to return a specified amount of gold for the note?
If enough notes were redeemed, they reneged the shit out of their promise.
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See this part at the end?
WHY DID SO MANY FREE BANKS FAIL?
Was it the consequence of unrestricted entry, or something else? A free bank’s reserves of gold and silver were typically small compared with the par value of its notes in circulation. Because their gold and silver reserves paid no interest, banks sought to keep only enough cash in their vaults to meet that day’s expected redemptions. But because free banks were required to pay the holders of their banknotes gold or silver on demand at par value, they were subject to runs if for some reason an unusually large number of note-holders decided to redeem their notes at the same time.
Normally, one would expect only a small fraction of outstanding banknotes to return to the issuing bank for redemption within a few days. But should the public suddenly suspect that the bank is in financial difficulty because, for instance, it made too many bad loans, an unusually large number of note-holders might simultaneously choose to redeem their notes, causing a bank run. Sometimes, bank runs start not necessarily because people believe that the bank is insolvent but simply because each note-holder believes that other note-holders will choose to redeem their notes today and everyone fears being last in line