jackyl posted:dude how much money have you created out of thin air with your credit card Many moneys. Like when we split pizza with the roommate and he promises to pay 20 bucks later. Bam, 20 bucks created. I'm adding value this way apparently give me a banking jerb.
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# ? Feb 20, 2016 22:41 |
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# ? May 30, 2024 12:22 |
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Pitdragon posted:perhaps we can arrange fo them to be shipped off to some sort of camps Well it can't be labor camps because they have no work ethic. Maybe meme farms?
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# ? Feb 20, 2016 22:43 |
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tuyop posted:Many moneys. Like when we split pizza with the roommate and he promises to pay 20 bucks later. Bam, 20 bucks created. I'm adding value this way apparently give me a banking jerb. lol way to dodge the credit card question
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# ? Feb 20, 2016 22:43 |
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Pitdragon posted:perhaps we can arrange fo them to be shipped off to some sort of camps who is gonna pay for this mr answers????
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# ? Feb 20, 2016 22:45 |
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jackyl posted:lol way to dodge the credit card question Credit cards actually pay your bills and then you pay them back with interest. They don't magic money from anywhere. It's a series of small loans taken from a financial institution.
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# ? Feb 20, 2016 22:46 |
/\/\ I don't think you understand how money works. jackyl posted:lol way to dodge the credit card question I had like 60k in debt, mostly a car and student loans but like 15k was on credit cards, and paid it off in three years by cutting expenses. Can I be part of the victim blaming club now???
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# ? Feb 20, 2016 22:47 |
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nobody should ever have to cut expenses
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# ? Feb 20, 2016 22:47 |
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lmao if you have consumer debt ahahahahah
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# ? Feb 20, 2016 22:49 |
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jackyl posted:job requirement: must be able to lift 50 pound gut off of flaccid dilz
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# ? Feb 20, 2016 22:49 |
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A Stupid Baby posted:Well, not exact same But the median income in the us is 50k.
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# ? Feb 20, 2016 22:52 |
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Solice Kirsk posted:Credit cards actually pay your bills and then you pay them back with interest. They don't magic money from anywhere. It's a series of small loans taken from a financial institution. Loans create money. I deposit 100k in my bank account. Talia Jane takes out a 90k loan for the land needed to start her free range meme ranch and pays it to some Jew, who then deposits it in his bank. Then the Jew's bank loans Talia 80 grand so that she can give some other Jew 80 grand for 6 months deposit on her San Francisco mansion. So now I've got 100 grand, Jew #1 has 90 grand, and Jew #2 has 80 grand, and the other 170k was created entirely based on my 100k deposit. Etc, etc, etc.
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# ? Feb 20, 2016 22:55 |
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Liquid Penguins posted:lmao if you have consumer debt ahahahahah
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# ? Feb 20, 2016 22:58 |
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Solice Kirsk posted:Credit cards actually pay your bills and then you pay them back with interest. They don't magic money from anywhere. It's a series of small loans taken from a financial institution. lol do u have an english lit degree
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# ? Feb 20, 2016 22:59 |
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Liquid Penguins posted:lmao if you have consumer debt ahahahahah
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# ? Feb 20, 2016 22:59 |
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Banks don't print/create money. Loans generate interest which is paid by the people taking the loans. The bank is making money off the interest it takes from people paying back their loans and gives interest to people that leave money with them so they can cover the loans they make.
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# ? Feb 20, 2016 22:59 |
We can go simpler. Imagine a world with only $10 and a chipotle. Bob lends Jane ten bucks to buy some chipotle. Bob still has 10 bucks in the form of an asset. Jane buys the chipotle and now has the same amount of money she started with ($0) and a good worth ten bucks, the chipotle owner now has ten bucks. In this world there is now $20. By lending Jane money, Bob created more money. If Bob and the chipotle owner wanted to, Bob could write down "10bux fr. Jane" on a piece of paper and, knowing that Jane is good for it somehow, the chipotle owner could also accept this note as money, now owning all the money in the world, even though this would cause problems later if he ever decided to cash in his note. Since he could just trade the note and cash to the chipotle supplier for more ingredients (because Jane is good for it), the financial system is fine though.
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# ? Feb 20, 2016 23:01 |
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SHISHKABOB posted:But the median income in the us is 50k. *Household* income is 50k. Nowadays that often means two people working full time. That happened because wages didn't keep up with productivity and so women were forced to enter the workforce to keep households above poverty levels.
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# ? Feb 20, 2016 23:02 |
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Liquid Penguins posted:who is gonna pay for this mr answers???? mexico
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# ? Feb 20, 2016 23:05 |
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Solice Kirsk posted:Banks don't print/create money. Loans generate interest which is paid by the people taking the loans. The bank is making money off the interest it takes from people paying back their loans and gives interest to people that leave money with them so they can cover the loans they make. Correct. The Federal Reserve creates money out of thin air and credits bank registers to keep them from failing. I suspect the Ubermensch in here insisting a youth be punished for their mistakes have a much quieter voice on punishing banks for their mistakes even though the importance of punishing the latter is vastly more important to long term economic survival.
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# ? Feb 20, 2016 23:07 |
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tuyop posted:We can go simpler. Ok, I get what you're saying now. I was just misunderstanding.
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# ? Feb 20, 2016 23:09 |
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tuyop posted:We can go simpler. What about all of the diarrhea created in this scenario?
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# ? Feb 20, 2016 23:09 |
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crabcakes66 posted:What about all of the diarrhea created in this scenario? That's what we call an externality.
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# ? Feb 20, 2016 23:11 |
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Nation posted:yes she is dumb but it doesn't mean a full time worker shouldn't get a living wage Please tell me what you consider to be a "living wage"
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# ? Feb 20, 2016 23:14 |
crabcakes66 posted:What about all of the diarrhea created in this scenario? Where do you think Bob got the ten bucks?
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# ? Feb 20, 2016 23:18 |
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if she's literally starving she should sign up for food stamps. for someone who wants to be handed things for free she sure isn't very smart about taking advantage of programs already available for that.
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# ? Feb 20, 2016 23:19 |
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Solice Kirsk posted:Banks don't print/create money. Loans generate interest which is paid by the people taking the loans. The bank is making money off the interest it takes from people paying back their loans and gives interest to people that leave money with them so they can cover the loans they make. another way of putting it is that you've accepted the way that credit is justified in economics textbooks as opposed to what banks actually do to make it look that way
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# ? Feb 20, 2016 23:20 |
triple sulk posted:Please tell me what you consider to be a "living wage" http://livingwage.mit.edu/
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# ? Feb 20, 2016 23:24 |
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Money isn't even real anymore. It gets moved around in the billions every second.
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# ? Feb 20, 2016 23:25 |
SHISHKABOB posted:Money isn't even real anymore. It gets moved around in the billions every second. Lol, "anymore".
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# ? Feb 20, 2016 23:28 |
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Solice Kirsk posted:Banks don't print/create money. Loans generate interest which is paid by the people taking the loans. The bank is making money off the interest it takes from people paying back their loans and gives interest to people that leave money with them so they can cover the loans they make. ty for explaining my comment
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# ? Feb 20, 2016 23:33 |
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Wonder how much bonus the Yelp CEO will award himself for actually having to do some work by firing her.
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# ? Feb 20, 2016 23:34 |
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happyhippy posted:Wonder how much bonus the Yelp CEO will award himself for actually having to do some work by firing her. Whatever it is, it's not enough compensation for having to provide paid daycare for these millennial turds.
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# ? Feb 20, 2016 23:38 |
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I like an employee that writes multiple page rantblogs and mails them to me and think those thinly veiled 'I know where you live' bits show real courage! Give that crazy woman a raise and some cupcakes, hell, invite her over to my mansion and I'LL give her the cupcakes!
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# ? Feb 20, 2016 23:47 |
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Someone has to sweep the streets. Sometimes is you
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# ? Feb 20, 2016 23:51 |
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So think she was fired for steal office food and not for this rant online?
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# ? Feb 20, 2016 23:52 |
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yelp will be sorry in six months when they have to hire someone else to write tweets instead of her
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# ? Feb 20, 2016 23:53 |
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Shaquin posted:Please use this as an opportunity to tell me how three fully grown humans should cram into a studio apartment. That's how humans have lived for thousands of years and still do. Western lifestyle is unsustainable and destructive to the environment.
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# ? Feb 20, 2016 23:54 |
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I want to post meems and get paid for doing so.
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# ? Feb 20, 2016 23:57 |
White Phosphorus posted:That's how humans have lived for thousands of years and still do. Western lifestyle is unsustainable and destructive to the environment. also exploitative of the labour and resources of the majority of the globe- but what is this LF?!
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# ? Feb 20, 2016 23:58 |
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# ? May 30, 2024 12:22 |
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Minimalist Program posted:I want to post meems and get paid for doing so. I want to post dick pics and get paid for doing so
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# ? Feb 21, 2016 00:02 |