Easy money

[fotios]

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

[tinitus]

If only the light weight of paper was the problem
Today they move money that doesnt even exist

[fotios]

Yes, that is the immaterial money. That is the modern money which exists inside Hard Disks and is mooved only via cables. For this reason, if you open the brief case of a golden boy you can find inside only his snack and the last issue of Play Boy.

[tinitus]

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

[wahab]

Originally Posted by fotios

Yes, that is the immaterial money. That is the modern money which exists inside Hard Disks and is mooved only via cables. For this reason, if you open the brief case of a golden boy you can find inside only his snack and the last issue of Play Boy.

Fortunately, it s immaterial..
The US state debt is enough to make a pile of $100 bills
reaching the moon...

[fotios]

Originally Posted by tinitus

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

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.

[russo]

Originally Posted by wahab

Fortunately, it s immaterial..
The US state debt is enough to make a pile of $100 bills
reaching the moon...

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?

[wahab]

Originally Posted by russo

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..

[abraxalito]

Originally Posted by russo

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?

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...

[jackinnj]

Originally Posted by fotios

Ancient Greeks had a monetary unit, the "TALANTON" which of the value was about 1 million dollars.

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.)