and that this means that the amount of money in existence is necessarily smaller than the amount of debt.
Can anyone with an understanding of monetary policy comment on this?
Well, as an empirical statement, it is true to say that "the amount of money in existence is smaller than the amount of debt."
But this isn't really necessarily true, nor is it a direct effect of central banking. It can also be emergent simply from the nature of debt.
Example: I start a business and I take out a $100k loan to cover startup costs. After a year, I'm operating in the black. I have $80k left in debt to the bank, $20k in my company bank account, $5k per week coming in as accounts receivables, and $4k per week going out as expenses. In this scenario, I carry $80-$84k in debt at any given time, $20-25k in cash at any given time, and my customers owe me up to $5k at any given time. Even if you take into account the amount of money paid from my initial capital loan to other entities (like suppliers), the total debt load in this system is higher than the total cash value of this system.
Or more simply, if I loan you $1, and then you loan that $1 to Alice, and then Alice loans $1 to Bob, and then Bob loans $1 to Chris, then that single dollar bill has been instrumental in $4 worth of debt.
The aggregate amount of debt held by all parties is higher than the aggregate amount of money held by all parties.
Yeah, a quick example of one way the Fed creates currency is quantitative easing. They bought mortgage backed securities from banks (and loans) from banks to increase the monetary base.
it's not as good as steam but its not like it interferes in the game at all
it's actively interfered and prevented me from enjoying a game to the point where I don't think I'll buy an origin based game ever again
getting dead space 3 to work on it was like pulling teeth
it's like paying money to buy a game and then paying several more hours of your life to get it to work. it's a temperamental system that pokes its head into every aspect of non-single player gaming (and a lot of single player gaming!) and then makes everything stop working when it decides it doesn't want to connect for you
Posts
no you could use a beta EXE file to play as early as like 2 days ago. Yesterday afternoon there were people at max level already
No, Drez, you can use one gerbil for the Titan and your ass at the same time.
pity about origin
goddamn that is some early 2000's shit
it's not as good as steam but its not like it interferes in the game at all
Eddy no you can't fly : (
Yeah, a quick example of one way the Fed creates currency is quantitative easing. They bought mortgage backed securities from banks (and loans) from banks to increase the monetary base.
twitch.tv/tehsloth
what if I killed your best friend, hollowed out his insides and turned him into a robot butler
I'd be broken up at first but having an immortal servitor would probably make up for it
Robot!
But I dont think I watched enough because it was like COD with occasional robots
no that is exactly what it is, its not some magical new thing its just what was good with some new gimmicks but its just really dialed in.
To be fair, Burger Dog would have eaten the meat out of the burger before serving the customer.
have you been replaced by an evil twin with an emotion chip
All money is debt, abolish wage slavery
twitch.tv/tehsloth
Ah ok
I could definitely see the appeal, don't get me wrong
Just not my thing at all, personally
Dialed in, or phoned in?
No game marketed this heavily could be bad.
http://metro.co.uk/2014/03/10/titanfall-review-call-of-duty-with-robots-4511869/
... oh.
This is Kaiji as fuck.
if you arent even going to try why even bother showing up Winky
rude
no longer are my thoughts a giant white marble monolith with 'CLASS WARFARE' etched on all sides
and the gengars who are guiding me" -- W.S. Merwin
Im surprised its getting way more 8's then I expected
My parents are getting divorced
And my Dad and I went to see 12 years a slave
And he made this EXACT joke regarding his marriage
What I'm trying to say is
.... Dad?
it's really weird because she's not a cartoon
it's actively interfered and prevented me from enjoying a game to the point where I don't think I'll buy an origin based game ever again
getting dead space 3 to work on it was like pulling teeth
it's like paying money to buy a game and then paying several more hours of your life to get it to work. it's a temperamental system that pokes its head into every aspect of non-single player gaming (and a lot of single player gaming!) and then makes everything stop working when it decides it doesn't want to connect for you
her jaw must be massive
the "no true scotch man" fallacy.
i mean, that's what i said
and then my friend showed me that you can punch a robot's face off and rip out the guy inside and crush him in your metal hands
so i was conflicted
okay i don't mean to freak you out but
well.
she's very attractive and quiet and sits very close to me and it
hinders
my productivity
i hope an equally attractive programmer takes his place
If I could ever be GOOD at a FPS, I could be that guy
But unlike basically all other video games, I can't even be competent at them
But I'd be really good at being the victim in such circumstances
but they expensive in part cuz they are durable
also good customer service and shiz
I have been watching a let's play of this game. Mostly because I don't care enough about South Park to probably buy it myself except for like 5 bucks.
This game is hilarious and really really really fucked up.