Yes, the money of today is very easy. It is light, because is a paper on which is typed the value. Paper is light. You can transport in a brief case e.g. one billion dollars. So light load...
Ancient Greeks had a monetary unit, the "TALANTON" which of the value was about 1 million dollars. Talanton weight was 30 Kg! So, the "golden boys of Wall Street" to pay someone with 1 billion "black" dollars in TALANTA (talanton in the plural), they had to transport 30 X 1000 = 30000 Kg or 30 tons of coins. Therefore, they need for the transport a truck instead a brief case. This has a true value because the weight, therefore TALANTON was not "easy money".
Fotios
Ancient Greeks had a monetary unit, the "TALANTON" which of the value was about 1 million dollars. Talanton weight was 30 Kg! So, the "golden boys of Wall Street" to pay someone with 1 billion "black" dollars in TALANTA (talanton in the plural), they had to transport 30 X 1000 = 30000 Kg or 30 tons of coins. Therefore, they need for the transport a truck instead a brief case. This has a true value because the weight, therefore TALANTON was not "easy money".
Fotios
Wall Street
There have been something with the world biggest Bank being totally free of usual rules regarding handling oil money
They can do as they please, and they do
They earned a hell lot on manipulating the oil market
But the again, some of those money do return back into research
One problem tho is they stay away from anything not oil related
Im not sure I should be here, its a bit outside forum regulations, politics
There have been something with the world biggest Bank being totally free of usual rules regarding handling oil money
They can do as they please, and they do
They earned a hell lot on manipulating the oil market
But the again, some of those money do return back into research
One problem tho is they stay away from anything not oil related
Im not sure I should be here, its a bit outside forum regulations, politics
Fortunately, it s immaterial..
The US state debt is enough to make a pile of $100 bills
reaching the moon...
We must not forget that there is a thing most precious from oil. Water.
By some way, that you said about oil money handling etc, has political dimensions so your bothering about violation of forum regulations is correct.
Oil is indispensable for our technological civilization of today.
Water is indispensable for the survive of human. Without water, human will be die in one week. So water handling it has not political dimensions. It has social dimensions. There is no rule inside forum, that prohibits discussion about social issues. Consequently, we could discuss free about water instead oil IMO. Of course, i am open in any objection regarding this.
I can't understand is why every country as gigantic debts, but no one pays to no one, so where the hell is this "debt" coming from?
Continous borrowing and moreover, interests
that are running exponentialy...
In fact, all these debts have been re paid, but the interests
keeps them growing , since the current borrowings are just
enough to pay for current expenses shortfalls..
Go to YouTube and search for 'money as debt' and learn! Debt is created out of thin air by banks according to the principles of fractional reserve banking. Of course people do pay - interest - which is the reason that debt keeps being created.
If the 'Money as debt' video whets your appetite, move on to viewing 'The Creature from Jekyll Island' by G. Edward Griffin. I found it enlightening...
Pericles expected to spend 6,000 talents to finance the Peloponnesian War. At the time of the Peloponnesian War, a "talent" was enough to keep an Athenian ship floating and armed for a month (according to Donald Kagan's history of the war.)
The money multiplier effect of banking "creates" money out of nothing - trillions of dollars in the bank when the amount of real world produce is less than 1% of that value (after factoring value-"addedness")
...such that in the event of world war, China will win because they have the most of the world's real assets, while USA has digital money that cannot be spent. Reminds me of the great depression.
...such that in the event of world war, China will win because they have the most of the world's real assets, while USA has digital money that cannot be spent. Reminds me of the great depression.
In this sense we mean of course Democracy to ensure equality and individualism in each democrat, who understands very well that the sense of democracy cannot be exhausted in the concrete principle of "governance of many", but must be based upon faith in reason (logic), as well in the humanitarian ethos (consciousness).
"We are free to live as we want and yet always we are ready to confront any danger". "A man who has no interest in politics, did not feel safe than useless - although only a few people who can create a policy, they have all the ability to judge.
"With us not ashamed to admit one's poverty, but we think it is shameful to not try to avoid it.
Pericles
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"Not from fear, but from a sense of what is right we should refrain from committing evil… The virtue is based, above all, on the respect for another man… Everyone is a little world in itself ... It should we do everything possible to help those who have wronged… Being good does not mean only to not commit evil; it means yet, “Do not want to do”… The good deeds and not the good things is that counts… The poverty of a Democracy is better than the prosperity which, as they claim, co-exists with the aristocracy or the tyrant… just as freedom is better than slavery… The wise man belongs to all countries, because the home of a great soul is the entire world. "
The money when used with prudence leads to generosity and charity, while money when used with thoughtlessness leads to a common damage for the whole society... excessive hoarding of money without reason is avarice. Making money someone is not a bad thing, but doing such as a result of wrong-doing is the "worst of all things." He is on the whole ambivalent towards wealth... and values it much less than self-sufficiency.
Democritus
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English is not my maternal language and i don't have good knowledge of it. OTOH Greek language is considered very complex, because each thing can be determined by many words according to the education of each one. I tried to translate the sayings of these two wise ancient Greeks (they don't have any relation with today's Greeks, except the owners of the classic Hellenic education which can be as well foreigners except native Greeks). I hope the translation will be comprehensible. Pericles was one of the main founders of democracy.Fotios
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Here, we started a very interesting discussion, thank you, Fotios!
But I also know that we sooner or later so-called paddles in dangerous waters.
But at least until then.
Recently I saw an idiot television advertising:
(Well, which one is not that?)
They asked a Greek old lady, from her yoghourt recipe:
She answered so:
We gave the world the recipe for democracy.
Now the yoghurt recipe too?
I ask, what of Greek democracy was based on?
The slave-owning society.
Of course, I know that this is a question and finding it does not cover the whole truth, and the economic importance of slaves was not as big as what the question asked, and the answer is announces.
Rather, I ask this question of a provocation meant.
Something else:
How the money generated?
Zeitgeist: Addendum
This film is in any event, give a thought-provoking answers to this question.
What concerns the English language, I join the one speaking before me.
Wacky Gyuri
But I also know that we sooner or later so-called paddles in dangerous waters.
But at least until then.
Recently I saw an idiot television advertising:
(Well, which one is not that?)
They asked a Greek old lady, from her yoghourt recipe:
She answered so:
We gave the world the recipe for democracy.
Now the yoghurt recipe too?
I ask, what of Greek democracy was based on?
The slave-owning society.
Of course, I know that this is a question and finding it does not cover the whole truth, and the economic importance of slaves was not as big as what the question asked, and the answer is announces.
Rather, I ask this question of a provocation meant.
Something else:
How the money generated?
Zeitgeist: Addendum
This film is in any event, give a thought-provoking answers to this question.
What concerns the English language, I join the one speaking before me.
Wacky Gyuri
Correct...The famed greek philisophers used their intelligence
to create theories justifiyng slavery.
Socrates view was that slaves where tools exactly like a spoon ,
and terefore, how could a tool be granted intelligence ?...
Not very smart coming from such a renowed man..
A couple years ago there was an article in "The Journal of Law and Economics" which discussed slavery, indentured servitude and free men in Greece before the Peloponnesian War -- it was a matter of economics -- the agronomy of Sparta was more oriented toward crops for which slaves could more usefully develop the economic resources. For Athens, owner-operators were more efficient.
With respect to "money", and by extension "credit" -- it grows under conditions of mutual respect and naivete! "Interest" just costs out how much we trust the other party,or how much we allow ourselves to be fooled. A close observer of today's banking conditions would conclude that neither respect or naivete are in flower today.
Usury got a bad name when the early Church (capital C, no religion or politics allowed, but you know who I mean! ) started to lose its monopoly on the economic lives of its members (another snippet from the peer-reviewed JLE).
This is so lame. After an economic discovery by the great Dr Gono you can easily carry quintillions in your purse.
Attachments
Don't forget Hungary, you could put a "mole" of Pengo's in your pocket.
"In 1945 and 1946, hyperinflation caused the issuance of notes up to 100 million b.-pengő (100 quintillion or 10^20 pengő). During the hyperinflation, note designs were reused, changing the colour and replacing the word pengő with first milpengő, then b.-pengő, to generate higher denominations. The largest denomination produced was 100 million b.-pengő (100 quintillion or 10^20 pengő). The note was initially worth about US$ 0.20. Notes of one milliard b.-pengő (one sextillion or 10^21 pengő) were printed but never issued."
That's right, there it is onto what we are proud.
This was the largest inflation of the world history.
If the largest denomination a pengo in 1 pengo coins they would have had it coinaged, it more, than 43 Earth globes amount of aluminium there would have been needed.
Well, i think, till now this most idiotic sentence, which I developed,.
But it is possible to understand this yet because of that.
Wacky Gyuri
This was the largest inflation of the world history.
If the largest denomination a pengo in 1 pengo coins they would have had it coinaged, it more, than 43 Earth globes amount of aluminium there would have been needed.
Well, i think, till now this most idiotic sentence, which I developed,.
But it is possible to understand this yet because of that.
Wacky Gyuri
Seems to me that the german DeutschMark has to suffer
such inflation in the mid 20s , with a few dozen billions
havig just enough purchasing power to buy a slice of bread..
Since then, germany is a country that defend her money
value fiercely as aknowledged by the constant rise of the DM
value since WW2...
such inflation in the mid 20s , with a few dozen billions
havig just enough purchasing power to buy a slice of bread..
Since then, germany is a country that defend her money
value fiercely as aknowledged by the constant rise of the DM
value since WW2...
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