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Money. Is it real ?
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There's a thread running about whether Britain should give monetary aid to the Phillipines.
At times like this ( any cash crisis , even the banking crisis and Greece etc )I can't help but think that it is utterly crazy to think that money is real. How can it have any bearing on human life ?
Food and shelter are needed and food and shelter should be restored without reference to sizes or origins of donations.
When countries and banks were falling due to debt , it seemed to me that if all countries said ..... okay we wipe your debt clean , then there wouldn't be any crisis and people could work and live again.
It's just Monopoly and we are all blind pawns.
Money doesn't feed people we just think it does.
It may be needed to keep production going but really .... if we got rid of money tomorrow the produce could still be there.... Who the fuck is wanting money before helping dying people ? |
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By *yrdwomanWoman
over a year ago
Putting the 'cum' in Eboracum |
The money in my wallet is real (or it better be!), but the billions that travel round the world every minute are more intangible. World economics seem to be more based on the promise of money rather than actual hard cash. |
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I view money as an advanced barter system. The problem with barter is if o want your orange and only have an apple to give, but you don't want my apple , then the trade doesn't happen. But if I sell my apple to someone else for a pound then buy your orange we both are happy. But to answer your question no its not real |
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"How big is your apple ?
I don't get why it takes pledges of money to help.
Because money makes the world go round!!"
And here was me thinking the earth's rotation had some weird scientific explanation |
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Thing is we are all wound up on money, money is everything, just a thought now,
Money is exchanged for anything even the air we breathe and the water we drink.
People are fascinated by money, barter is sometimes better than money |
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By *yrdwomanWoman
over a year ago
Putting the 'cum' in Eboracum |
I remember reading in a textbook once that we owed the US lots of money after WWII, and had to pay it back. But the US also owed the UK a lot of money after WWII, and they had to pay it back.
I remember thinking 'why don't they just agree to cancel out the debts?' But then I am not paid to be an economist.  |
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By *arlock69Man
over a year ago
Batley... (near Leeds) |
"Money isn't real its an I.O.U...it says that on it!!
I know.
I meant why does it even enter into any arena....
Why squabble over it ..... it's worth nothing if everyone wipes the slate clean "
Because in a weird twist of irony you can swap it for things of real value like gold or diamonds...or you can just steal gold and diamonds |
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"I remember reading in a textbook once that we owed the US lots of money after WWII, and had to pay it back. But the US also owed the UK a lot of money after WWII, and they had to pay it back.
I remember thinking 'why don't they just agree to cancel out the debts?' But then I am not paid to be an economist. "
Because its the banks that wants has the money, the buck stops there
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By (user no longer on site)
over a year ago
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Money most certainly is NOT real, at least in the uk. It had just seeped into our psyche as something of value.
The Bank of England no longer honours the promise given on bank notes, and the true value of a pound coin is roughly 4p.
The only thing that gives it any worth is that we all accept that that's the way things are.
There is more debt in the world, than there is money, and something that is negative really can't physically exist, if you know what I mean.
Having said that, the (I think this is right) 1000 richest people who hold 10% of the worlds money certainly think it's real!
Money is just an ideology given value by the people who use it.
My opinion only of course  |
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"Money most certainly is NOT real, at least in the uk. It had just seeped into our psyche as something of value.
The Bank of England no longer honours the promise given on bank notes, and the true value of a pound coin is roughly 4p.
The only thing that gives it any worth is that we all accept that that's the way things are.
There is more debt in the world, than there is money, and something that is negative really can't physically exist, if you know what I mean.
Having said that, the (I think this is right) 1000 richest people who hold 10% of the worlds money certainly think it's real!
Money is just an ideology given value by the people who use it.
My opinion only of course "
No. You are near the truth. Those are my thoughts too.
So ....WHY do people moan about the amount of aid given to others ?
It's just money ...... True it's used to buy other things but if we all just shared or gave ? The money could stay where it is and we could still give. Apart from an exchange value the money has no worth. |
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By (user no longer on site)
over a year ago
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"I remember reading in a textbook once that we owed the US lots of money after WWII, and had to pay it back. But the US also owed the UK a lot of money after WWII, and they had to pay it back.
I remember thinking 'why don't they just agree to cancel out the debts?' But then I am not paid to be an economist.
Because its the banks that wants has the money, the buck stops there
"
Even the ones that were bailed out  |
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"I remember reading in a textbook once that we owed the US lots of money after WWII, and had to pay it back. But the US also owed the UK a lot of money after WWII, and they had to pay it back.
I remember thinking 'why don't they just agree to cancel out the debts?' But then I am not paid to be an economist.
Because its the banks that wants has the money, the buck stops there
Even the ones that were bailed out "
Yes, its just shuffling money |
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By (user no longer on site)
over a year ago
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The OP offers an interesting opinion. Legal tender was originally tied to Gold Reserves but that is not strictly true today as monetary worth is linked to GDP and an economy that is expanding creating wealth. Its called capitalism and it will always be around. Legal tender is a mode to value goods and services. To those poor people in the Philippines (and other areas of poverty and waste) will find that money (or legal tender) will become useless as basic commodities required for life will become so expensive hyper inflation will ensue.
The lesson here endeth! |
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"The OP offers an interesting opinion. Legal tender was originally tied to Gold Reserves but that is not strictly true today as monetary worth is linked to GDP and an economy that is expanding creating wealth. Its called capitalism and it will always be around. Legal tender is a mode to value goods and services. To those poor people in the Philippines (and other areas of poverty and waste) will find that money (or legal tender) will become useless as basic commodities required for life will become so expensive hyper inflation will ensue.
The lesson here endeth! "
Thank you , you most eloquent creature. That's what I said in my own emotive way. I'm just a simple woman you know |
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By (user no longer on site)
over a year ago
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"The OP offers an interesting opinion. Legal tender was originally tied to Gold Reserves but that is not strictly true today as monetary worth is linked to GDP and an economy that is expanding creating wealth. Its called capitalism and it will always be around. Legal tender is a mode to value goods and services. To those poor people in the Philippines (and other areas of poverty and waste) will find that money (or legal tender) will become useless as basic commodities required for life will become so expensive hyper inflation will ensue.
The lesson here endeth!
Thank you , you most eloquent creature. That's what I said in my own emotive way. I'm just a simple woman you know "
If only there was a creature ...simple woman that is! |
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By (user no longer on site)
over a year ago
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And then of course money cans do things that are normally impossible.
You go to the bank as ask for a loan and they agree. So you sign the form and the money lands in your account.
The bank then gathers up all the loan forms it has and, because they can, they monitise it and seek it on to someone, who sells it on, and on adinfinitum. Until someone gets stuck with it. Remember the credits crunch and selling bad debts?
So the bank sells your £5000 loan form for £5000 and still expects you to pay back the money you 'borrowed'
Anyone believe in magic? |
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By (user no longer on site)
over a year ago
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"And then of course money cans do things that are normally impossible.
You go to the bank as ask for a loan and they agree. So you sign the form and the money lands in your account.
The bank then gathers up all the loan forms it has and, because they can, they monitise it and seek it on to someone, who sells it on, and on adinfinitum. Until someone gets stuck with it. Remember the credits crunch and selling bad debts?
So the bank sells your £5000 loan form for £5000 and still expects you to pay back the money you 'borrowed'
Anyone believe in magic?"
Scarlett that was in the main an American problem (Freddie Mac and Fannie Mae) and is illegal in the UK. A loan is a contractual arrangement and the terms and conditions cannot be changed without agreement. The parties to the contract cannot change unless one of the parties seeks consent or the loaner is a company limited by shares and that company sells its shares |
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By (user no longer on site)
over a year ago
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"And then of course money cans do things that are normally impossible.
You go to the bank as ask for a loan and they agree. So you sign the form and the money lands in your account.
The bank then gathers up all the loan forms it has and, because they can, they monitise it and seek it on to someone, who sells it on, and on adinfinitum. Until someone gets stuck with it. Remember the credits crunch and selling bad debts?
So the bank sells your £5000 loan form for £5000 and still expects you to pay back the money you 'borrowed'
Anyone believe in magic? Scarlett that was in the main an American problem (Freddie Mac and Fannie Mae) and is illegal in the UK. A loan is a contractual arrangement and the terms and conditions cannot be changed without agreement. The parties to the contract cannot change unless one of the parties seeks consent or the loaner is a company limited by shares and that company sells its shares"
On the contrary, any UK corporation with more than £2 million can and do sell debt. The person who took it the loan would not be party to the other transaction, where the debt is sold to a third party. It's the debt that was sold not the loan. At least that's my understanding of the situation. |
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