Well ok in the United States what does Money = ?


one with best answer or the one im thinking of gets a air hug! :^)


mmmm bear hug.....

fantasy!

Time
Money is exchangable with time. You buy someone elses time when you give them money and your time is priced when you get your pay check.

Last Edited : Friday, 10 October 2008 - 01:14

Votes?

so money is equal to bear hugs?

Beer Mugs

if only money equaled bear hugs i would be the richest man in the world.... only if i could find out how to bear hug myself.....

Guess this wasnt really a game but

Money = Debt

If there was no debt in america there would be no debt.


www.youtube.com/watch?v=tNBXB0Czw
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That sounds correct at least. If there was no debt there would be no debt. I even think that'd be correct here in Sweden

That utube link doesnt work

Last Edited : Saturday, 11 October 2008 - 14:03

Money is equal to inequality.

hahah i meant to say if there was no debt there would be no money.

lol.

well right now even for this 800 billion that we are going to be spending( yeah 100 billion in pork or tax cuts was added to the bill)

well what is going to happen is the Treasury Dept is going to print up some US Treasury notes or bonds, and then the Federal Reserve is going to print up some Federal Reserve Notes (dollars) and then we are going to take a loan from the Federal Reserve for the 700 or 800 billion. So right there money was created by debt we owe now the FED money(the government does)

so then the government deposits it in the bank, and with current rules a bank only has to keep 10% of its money on reserve, so of the 700 billion it only has to keep 70billion in the bank, so it can now loan out the other 630 billion so when people take loans from them and then deposit it in their banks. so now you have so really have created in circulation 1.33 trillion dollars. then when that 630 is deposited in someones bank than that bank can loan out another 567 billion so the current money in circulation would be no 1.897 trillion dollars. This continues. and continues.

SO what would happen if we paid off all debt, well there would be no more money in ciculation. This is horribly wrong how can money= debt. this is a system to doomed to fail. and right now only 3% of money is paper dollars the other 97% is electronic.

I believe this is why everyone is trying to prevent runs on the banks. bc the banks dont actually have any money in them it is almost all electronical now.


yep forum games was defintely wrong plact to post this. lol though it is like a game doesnt seem real.

Thats exactly why the bubble bursted. We use money that doesnt exist. It is a game thou , its the marketeconmoy pyramide game. See to it you aren't the last one to hold the tickets