- Apr 1, 2011
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Democracy kills itself. It's a self limiting disease. It's not a stable form of government.I'm saying vast concentrations of money kill democracy.
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Democracy kills itself. It's a self limiting disease. It's not a stable form of government.I'm saying vast concentrations of money kill democracy.
It tells you that a corporation is a private corporation. It isn't required to follow the "one share/one vote" model you propose.What does one share/one vote tell you about equality of opportunity?
Capitalism is capitalism. You either follow it or let the government run corporations.Why don't you try explaining the differences between industrial and finance capitalism?
America’s Path To A FIRE Economy
You admire thieves?Are you jealous?
everybody has the same opportunity to buy shares if it’s a publicly traded companyWhat does one share/one vote tell you about equality of opportunity?
Crooked corporation frames human rights lawyer, and you blame the lawyer.
What do you own, Bean Counter?
Please explain what "Partial gold coverage" is. I've never heard of it.
You meant fractional reserve banking. That's still a 100% gold standard. If a bank customer turns in bank notes, he's entitled to receive 100% of the note value in gold. Whether a bank had enough to cover all it's not obligations is another issue altogether.I've never heard of it.
Obviously.
If they had $1000 in specie (gold coin) and they issued $5000 in notes, they have 20% coverage. They can redeem 20% of their notes with gold.
>> They all did.
You're confused. <<
Nope. You are.
>>What's the point of partial coverage?
So that they can redeem a portion of their notes with gold coin. <<
Why would anyone use such notes?
>> What does that even mean?
It means that you don't understand free banking. >>
Of course I do. Russian foreign debt has nothing to do with 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. <<
Yes they did. Old news. How does paying off old debt make their notes useful? They aren't even gold notes.
You meant fractional reserve banking. That's still a 100% gold standard. If a bank customer turns in bank notes, he's entitled to receive 100% of the note value in gold. Whether a bank had enough to cover all it's not obligations is another issue altogether.
You meant fractional reserve banking.
I'm talking about banks issuing their own notes under the gold standard, before the Fed existed.
Of course modern banks have always been fractional reserve.
That's still a 100% gold standard.
Free banking always had less than a 100% gold reserve.
If a bank customer turns in bank notes, he's entitled to receive 100% of the note value in gold.
Yup. Entitled all day long.
It's separate issue.Whether a bank had enough to cover all it's not obligations is another issue altogether.
The issue is, they never did have enough gold to cover all their obligations. Never ever.
By ignoring my claims and resorting to ad hominem fallacies.ndeed, I do. My response is mockery. If you're going to use the board to spread your propaganda - I'm going to point out just how stupid it is.
That sounds logical to me; however, we live in a country where many voters regard Social Security and the Post Office as examples of socialism. I believe these same conservatives minimize the threat to democracy posed by unbridled capitalism:Both socialisms and capitalism exist in almost all nations. Balancing the two competing ideologies provides the highest level of productivity commensurate with the social well being of society. It is is the balance between these to two ideologies that all nations should strive
"That $2.5 trillion was enough to give each and every worker in the bottom nine income deciles an additional $1144 a month, every month of the year."[the] aggregate income for the population below the 90th percentile . . . would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades. From 1975 to 2018, the difference between the aggregate taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion.
Care to provide any examples?Neither is socialism. Every country that has ever exists thats used only socialism has ended in dictatorship.
So what?I work for a stockholder company. I make 160k a year. No college degree.
Not half as funny as a useless eater like you calling someone else a parasite.Jeremy Corbyn.....calling someone a parasite. Hilarious!!!
Just like you, Parasite.So he's never had a real job.
I make over almost 200k. I pay more in taxes than you make in in 3 years.So what?
Many uneducated whores earn more.
That is " fractional reserve banking."
That doesn't make it a "partial gold standard." It's a fractional reserve system, whether it's based on gold or not.
You're legally entitled. That means if the bank doesn't cough up the gold you can have the legal authorities go after it.
It's separate issue.