Posted on 10/29/2015 4:09:50 AM PDT by Servant of the Cross
the green stuff you call money is merely physical representation of entries on electronic ledgers
I liked when Christie said,’are you gonna answer the question for me’?
Some Mod decorum-—ask the question and allow the candidate to finish. If they exceed the time have a bell ding allowing them about 10-15 more seconds before cutting them off. Otherwise don’t interrupt answers like the impetulant brats that they are. So unprofessional.
Word. There was a female guest on 'Meet the Press' recently who stated that many in the media felt it was THEIR job to select the candidates running for office.
Your second paragraph answers why gold is desirable. Gold is an escape from the evils of a digital cashless society.
And a return to the golden Age of Empires. You cannot get there from here.
Bert, when you agree with me, then I know I’m right. Thanks. IIRC physical money and coins are about 10% of dollar circulation right now.
I believe this debate has given Cruz his breakout moment. The media tried to keep him ignored, but the man rose up and won the fight. I hope the electorate gives him a fair look as the man has a lot to offer.
I think Cruz can win, we’re only starting to see his rise in the primaries. Can you imagine two hours of Cruz facing Hillary in a debate? She would have zero chance!
Gotta reward great behavior, so I just dropped another contribution in Ted’s kettle.
Yeah, and there are some huge misunderstandings w/ the willfully ignorant that really muddy the discourse. Two facts that we all need to remember:
The dollar and gold are already tied together. Right now it's set at $1,158.45/oz by the free market and we can expect the ratio to change just as it kept changing for hundreds of years.
https://www.youtube.com/watch?v=XmUqzJnf8zY
Cruz looks great, although the title says rant. Rand Paul disappointed by not demanding the moderators allow Cruz to reply. He could have done the nation a favor by calling these guys out.
--which can be traded for lots of good stuff for fairly stable prices.
Game changer? We'll see. I doubt it will be for Cruz. While it's red meat to us conservatives, it wouldn't be likely to influence undecideds. The Carson "play nice" voters wouldn't like it cause it's too aggressive. Fiorina's supporters (the ones I known) would go Rubio or Yeb before Ted.
In the end, what Cruz did accomplish was to further enable everyone to freely bash the media and to re-state the questions their own way in future encounters. It remains to be seen whether they will do this. So far, only Trump and Cruz have really done this, and, to a lesser extent, Carson.
My guess is that Cruz gained a point or two in the polls, but I doubt it came from either Carson or Trump. Maybe "undecideds." Kasich and Yeb are now pretty much finished. Huck and Christie are hanging on by a thread. Fiorina will survive for a while. Rubio emerges as the clear #3.
Huh. I thot we were just talking about naming a conversion rate of $ per oz. You're now talking about what, outlawing credit cards? Internet shopping? Please tell us.
I hadn’t noticed either of those until you pointed them out. ;-]
This will have no effect on economic know-nothins. The real problem isn’t the type of currency, but how much you allow government to manipulate its growth. I like Freidman’s proposal on a set % growth in the velocity of money.
Nobody knows what the future will bring, but the less guesswork the better. It also makes an objective case for when cheating is occurring aka inflation.
I thought the same thing. Any of the candidates would’ve gained by yielding their time to Cruz to allow him to give his views on the Budget Bill. As it turned out, the moderators backtracked at the end of the segment and gave Cruz his opportunity to speak. I’m thinking CNBC was reading the social media sites and seeing Cruz won the showdown.
BookMarking
The goal isn’t thoughtfulness, but trolling our candidates. Sadly, that’s the media we have. That Rand, who has zero chance of winning the nomination, didn’t take the opportunity to pass the ball back to his one ally in the Senate tells me all about egomaniac Rand. Nothing would have improved his chances of reelection in KY like being a team player, the conservative team player.
BTW...... in a recent article in Forbes, there is a rather long discussion of Bitcoin, what it is and how it works.
Bitcoin is truly the purely electronic money devoid of paper representation but apparently a working system for transactions on a truly global scale
the article and Bitcoin description seriously reinforced my understanding of electronic ledgers. fortunately, i had a stash of $$ in the glove box intended for paying tolls so we got our apples.
folks here like to be critical of credit cards and i understand some of the rational for the thinking. However, for about three years now my wife and I have almost quit using cash. we buy almost everything using the card and pay it off with no charges or fees. we get a paper statement each month that is the physical representation of our small electronic ledger and what amounts to a transaction journal for the period.
We screwed up or almost screwed up over the week end at a farmer’s market. We wanted to buy apples and needed cash. We forgot to get some cash from the depository at home.
If my barber got one of those squares that convert a cell phone to a credit card reader, the main reason I carry cash would be gone.
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