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Mix-Ansicht- Artikel fuer Goldbugs - Oldy, 18.09.2002, 00:57
- Re: Danke Oldy - R.Deutsch, 18.09.2002, 08:24
- Re: Total dumm - Theo Stuss, 18.09.2002, 09:03
- Re: Banks create money in any amount with the touching of computer buttons. - Theo Stuss, 18.09.2002, 09:08
- Re: A debt can be paid with anything that is acceptable to the payee - Theo Stuss, 18.09.2002, 09:21
Re: Total dumm
-->Banks create money in any amount with the touching of computer buttons.
Abstract numbers, meaningless in and of themselves, that count quantities of amperes, wheat, gasoline, volume, distance, area, force, or any measurable, quantifiable thing, suffice in commerce, science, and technics without the clumsy inconvenience of metal counters. Why should it be different with money?
A pseudo-legal argument is sometimes advanced by advocates of gold money that a debt cannot be paid with another debt. This is semantic deception. A debt can be paid with anything that is acceptable to the payee. In addition, as long as debt in the form of deposit entries in bank accounts or Federal Reserve Notes can be exchanged for real goods and services, the payee is just as well off as if he had received little lumps of metal. Further, the multi-trillion dollar world economy runs almost exclusively on exchange of debt-money which only consists of numbers in deposit accounts at banks.
Was soll man da kommentieren?
Theo
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