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Sounds like you can't read. Ask an adult for help.However, according to the quantity theory of money, because it reduces the supply of money it increases by the same amount the collective wealth of everyone else who holds money.
Sounds like you're refuting your own claim. Thanks.
Thanks for admitting that you had no idea that bank accounts correspond to actual currency in the economy.Each binary 1 and 0 in your bank account corresponds to actual, physical currency you dimwit.If you think your bank account holds a stack of $20s (that's currency, twit) you're dumber than you first appeared.![]()
Thanks for admitting it doesn't hold currency. Because that was moronic, even for you.
Post #116 "puts up" and illustrates your astounding ignorance. Seriously - please become a liberal. We simply can't afford to have people this stupid on the right.Put up or continue to broadcast your ignorance.
Does it correspond to actual currency? Yes or No, dimwit? Go upstairs and ask an adult for help if you are confused.Post #116 "puts up" and illustrates your astounding ignorance. Seriously - please become a liberal. We simply can't afford to have people this stupid on the right.Put up or continue to broadcast your ignorance.
The currency component of M2 is currency held outside of a bank.
That means your bank account doesn't have any in it. DERP.
Thanks for admitting that you had no idea that bank accounts correspond to actual currency in the economy.Each binary 1 and 0 in your bank account corresponds to actual, physical currency you dimwit.If you think your bank account holds a stack of $20s (that's currency, twit) you're dumber than you first appeared.![]()
Thanks for admitting it doesn't hold currency. Because that was moronic, even for you.
It's amazing that I dumbed it down to your level using just $10 and it still made your head spin. Would you like the example again using just a $1?
So then we can eliminate all U.S. currency except for a single $1 bill and it won't hurt our economy at all, right sparky?You said it hurts our economy.![]()
Naah, that is your straitjacket.--------------------------------------------- and NOOSE TIGHTENING is what it is Moonglow !!Gotta love the noose tightening...Removing physical currency from society will be one of the most impactful and positive events in the history of civilization:
- It almost immediately eliminates criminal activity. Without cash, one has to explain transactions. A prostitute must explain why she had a transaction at 2:00 a.m. when she is not employed. Gambling, narcotics, etc. are all in deep trouble instantly.
- It essentially eliminates robbery. Yes, there will be cybercrime of course. But a person hacking my bank account is a billion times safer than a person sticking a gun in my face to take my cash.
Visa unveils new incentive plan to push cashless transactions
- It instantly eliminates all tax evasion. With a digital record of every transaction, all of the criminals who currently don't pay taxes now show an income. That closes a huge gap for the government and eases the burden on the rest of us who do pay our taxes.
Does it correspond to actual currency? Yes or No, dimwit? Go upstairs and ask an adult for help if you are confused.Post #116 "puts up" and illustrates your astounding ignorance. Seriously - please become a liberal. We simply can't afford to have people this stupid on the right.Put up or continue to broadcast your ignorance.
The currency component of M2 is currency held outside of a bank.
That means your bank account doesn't have any in it. DERP.
Yes, it solves many non-existent problems while giving government even more control over our lives. Pass.
So to recap - you don't want the government to have "control" over your life while you celebrate their ability to simply print money any time they want to - creating inflation and devaluing the currency you use to survive.When they need new currency, they can order it from the Fed. The BEP has some really nice printers and they'll be glad to print more to fix your imaginary "foreigners are gonna take all our cash and screw us" scenario.
No, it doesn't correspond to currency.Does it correspond to actual currency? Yes or No, dimwit? Go upstairs and ask an adult for help if you are confused.The currency component of M2 is currency held outside of a bank. That means your bank account doesn't have any in it. DERP.
It's not illegal to privately sell a firearm, sparky.If I sold you a firearm in a private transaction today and you paid me using PayPal, the government would have no clue what I sold you.
So much for "immediately eliminates criminal activity".
How do you figure, sparky? That income is now on record.If a prostitute used PayPal, it ruins your original claim....
It almost immediately eliminates criminal activity. Without cash, one has to explain transactions. A prostitute must explain why she had a transaction at 2:00 a.m. when she is not employed.
Yes, it solves many non-existent problems while giving government even more control over our lives. Pass.So to recap - you don't want the government to have "control" over your life while you celebrate their ability to simply print money any time they want to - creating inflation and devaluing the currency you use to survive.When they need new currency, they can order it from the Fed. The BEP has some really nice printers and they'll be glad to print more to fix your imaginary "foreigners are gonna take all our cash and screw us" scenario.
Sounds like someone is a true liberal at heart. Can't grasp basic economics and contradicts themselves from post to the other.![]()
Yes, it solves many non-existent problems while giving government even more control over our lives. Pass.So to recap - you don't want the government to have "control" over your life while you celebrate their ability to simply print money any time they want to - creating inflation and devaluing the currency you use to survive.When they need new currency, they can order it from the Fed. The BEP has some really nice printers and they'll be glad to print more to fix your imaginary "foreigners are gonna take all our cash and screw us" scenario.
Sounds like someone is a true liberal at heart. Can't grasp basic economics and contradicts themselves from post to the other.![]()
Does it correspond to actual currency? Yes or No, dimwit? Go upstairs and ask an adult for help if you are confused.The currency component of M2 is currency held outside of a bank. That means your bank account doesn't have any in it. DERP.No, it doesn't correspond to currency.
This is what happens when someone runs their mouth and then has to eat their words. They resort to the most absurd and bat-shit crazy posts imaginable. Yeah - your bank account doesn't correspond to actual currency Toddsterpatriot. In fact, you can't turn your $100 into $100,000 any time you want.
Way to run from that one, sparky!So then we can eliminate all U.S. currency except for a single $1 bill and it won't hurt our economy at all, right sparky?You said it hurts our economy.![]()
You afraid foreigners are gonna buy up all our FRNs? LOL!