Cyprus-Forum.com

[CBBB]

A Government prints note and coin ....all governments that is, that have a sovereign currency, This is 2% created by Government from nothing just like that created electronically by the banks (97-98%) but there is one significant difference! Government money is spent into the economy by government and, as it is not borrowed, there is no debt created, no repayment and no interest to pay.

Governments also accumulate wealth like citizens do. When too many citizens choose to put their wealth into the money flow/chain the Government needs to print some tiny portion of new money to facilitate everyday transactions.Hence the Govent does exactly the same as the citizens do. The difference is that the Government doesn't cash her wealth she just reduces it's value. If she prints new money all the time to cover her expenses then not only the value of her own wealth will drop dramatically she will create a million problems to the value of the wealth accumulated by citizens as well.

You are confusing wealth with money! They are not the same thing. Wealth can be converted to money and money to wealth ..... but that is the only connection.

..and money doesn't reallly exist, does it ProVox?

[Pyrpolizer]

A Government prints note and coin ....all governments that is, that have a sovereign currency, This is 2% created by Government from nothing just like that created electronically by the banks (97-98%) but there is one significant difference! Government money is spent into the economy by government and, as it is not borrowed, there is no debt created, no repayment and no interest to pay.

Governments also accumulate wealth like citizens do. When too many citizens choose to put their wealth into the money flow/chain the Government needs to print some tiny portion of new money to facilitate everyday transactions.Hence the Govent does exactly the same as the citizens do. The difference is that the Government doesn't cash her wealth she just reduces it's value. If she prints new money all the time to cover her expenses then not only the value of her own wealth will drop dramatically she will create a million problems to the value of the wealth accumulated by citizens as well.

You are confusing wealth with money! They are not the same thing. Wealth can be converted to money and money to wealth ..... but that is the only connection.

Well that's what I actually said. Money -in the form of profit that was your original thesis- is not created out of thin air as you suggested.
It's created and destroyed continuously during the process of converting wealth into money and vise versa.

[Robin Hood]

Pyrolyser:

Well that's what I actually said. Money -in the form of profit that was your original thesis- is not created out of thin air as you suggested.

I repeat once again ..... 97-98% of all money in circulation (e.g. primarily in bank accounts) at the beginning of its existence started as a debt created by a commercial bank. That is a simple well known fact ........ I have given you highly creditable sources of reference, check them out for your self. I am not going to argue, I will ask you one simple common sense question. The US Government has an increasing debt to the banks currently to the tune of around $18trn ($18,000,000,000,000) ............... if they were not the creators of the debt, where did the banks get $18trn from?

It's created and destroyed continuously during the process of converting wealth into money and vise versa.

You buy a house with money (cash or a loan) then you convert money to wealth. If you sell a house for money (as cash or raised by the purchaser as a loan) then you convert wealth to cash. Please explain, where does your idea that this creates and destroys money come from? You have merely converted one to the other ........... at that point their values will diverge over time.

[Robin Hood]

A Government prints note and coin ....all governments that is, that have a sovereign currency, This is 2% created by Government from nothing just like that created electronically by the banks (97-98%) but there is one significant difference! Government money is spent into the economy by government and, as it is not borrowed, there is no debt created, no repayment and no interest to pay.

Governments also accumulate wealth like citizens do. When too many citizens choose to put their wealth into the money flow/chain the Government needs to print some tiny portion of new money to facilitate everyday transactions.Hence the Govent does exactly the same as the citizens do. The difference is that the Government doesn't cash her wealth she just reduces it's value. If she prints new money all the time to cover her expenses then not only the value of her own wealth will drop dramatically she will create a million problems to the value of the wealth accumulated by citizens as well.

You are confusing wealth with money! They are not the same thing. Wealth can be converted to money and money to wealth ..... but that is the only connection.

..and money doesn't reallly exist, does it ProVox?

Very funny ..... just shows all this money talk is way above you level of understanding.

[Get Real!]

Very funny ..... just shows all this money talk is way above you level of understanding.

You really *do* have some funny ideas about wealth/money… what’s your background?

[Robin Hood]

Very funny ..... just shows all this money talk is way above you level of understanding.

You really *do* have some funny ideas about wealth/money… what’s your background?

Engineering ..... I don't carry any baggage on the banks. I started from scratch in 2002-3. The ideas are not 'funny' they are all factual and verifiable and if you take the trouble, say start with Google and ask 'How is money created' there are literally thousands of sites that will tell you. Read the links to reliable sources such as the BoE and The FED and take it from there and you will soon see that what I am trying to get over is a reality. That is why the Troika blanked Varoufakis ....... they didn't have a f..king clue what he was talking about because they are not economists and have never asked that question. Ask it yourself and come to your own conclusions!

[Zenon33]

In other words, the referendum was a joke

[Oceanside50]

In other words, the referendum was a joke

it wasn't a joke, but after taking the bailout its still an OXI, this is what the
Eu doesn't understand.

[Get Real!]

In other words, the referendum was a joke

It was a democracy parody

[Oceanside50]

it will continue to be an OXI!


http://blogs.channel4.com/paul-mason-bl ... tless/4197

What this means is very simple: the third bailout agreed in principle on Sunday night is doomed to fail. First because the IMF cannot sign up to it without debt relief; second because, without debt relief it will collapse the Greek economy. This is even before you factor in issues like mass resistance to its details, or the total lack of enthusiasm for execution of the deal by the Syriza ministers who will have to do it.

Brussels keeps twisting the arm of the Greeks, the Greek government continues to agree to the bailout but there is a catch. No laws are implemented and no Greek wants to obey, how tragic...good for them

All other south European countries were in the same predicament they obeyed and now are headed towards economic recovery even Cyprus. The point is, why should they obey?... The Eu wants to create efficient productive competitive economies that will integrate into one homogenous unit that will have 500,000,000 citizens and be an economic juggernaut. The Greeks are not obeying and this brings into question the whole unit, because if one unit doesn't play by the rules and Brussels can't reign them in, then the whole unit looses its effectiveness and could collapse. The Eu and the Germans want the Greeks to become like them(productiveefficienteconomiccitizens), where two bit lawyers are revered for defending drunks more so then a dishwasher working 18 hr days to feed his kids) for their supposed betterment...Why should they? If you look at it from another perspective the Greeks are forcing the rest of the European Union to question their path and in the end,again, its the Greeks who will force change on the ones forcing change on them..I equate it to a Master Martial artist who gives his knowledge to a student, the student leaves thinking he has mastered the art comes back to challenge the Master but is quickly placed in a headlock...the Eu and the Germans need more lessons.