I know the economy is 'bad' right now, but does money vanish? I don't see how we could have a great economy one second and then the next second its in shambles. Yeah, we Americans spend money on useless shit but still the money should be in the pot. Something tell me something is fishy about this whole 'restructuring' of the American economy.

1/29/2009 8:59:08 AM

I hope you're kidding.

1/29/2009 8:59:43 AM

COCAINE is a hellavu drug!

1/29/2009 9:00:12 AM

ahaha

that shit is stupid, right?

1/29/2009 9:00:16 AM

Not really. But I am not a economist, so explain why its stupid.

[Edited on January 29, 2009 at 9:00 AM. Reason : /]

1/29/2009 9:00:21 AM

the stock market et all the moneys

1/29/2009 9:06:01 AM

But the means people still have the money right? Or does the SM eat the money and shit it out and the dollaz are not more good?

1/29/2009 9:07:01 AM

I filled my tub with dollars and bathe in them Scrooge McDuck style

1/29/2009 9:07:10 AM

"speculation" killed the radio star economy

[Edited on January 29, 2009 at 9:25 AM. Reason : mea culpa]

1/29/2009 9:09:19 AM

SOLUTION: JUST PRINT MORE MONEY! LOLS

1/29/2009 9:09:35 AM

3^

WANT!!!

1/29/2009 9:10:09 AM

The Gov should take all the stock money and use it as they please (not take it as their own tho) and if a company needs a bailout they can help them with their own money instead of Uncle Joe having the money in his bank account and being a bitch. Fuck greedy shareholders.

1/29/2009 9:10:54 AM

sorry, i just wanted to say et and that was the first thing to occur to me

another question: when electronic money disappears, where does it go???

1/29/2009 9:11:54 AM

Quote :

"I hope you're kidding."

this is simple econ 101 shit, man.

1/29/2009 9:12:39 AM

^^^ that's the dumbest thing i've ever heard

[Edited on January 29, 2009 at 9:12 AM. Reason : er]

1/29/2009 9:12:42 AM

^^^Debited to another account?

Et is a great word!

I am the Scrabble king in case you haven't heard, and the first step to being a Scrabble legend is knowing all two letter words so you can be really sneaky with Triple letter scores.

^ Now now, that's my opinion. It may be dumb. I'll agree.

Evan explain instead of saying nothing. I really need to know.

[Edited on January 29, 2009 at 9:14 AM. Reason : /]

1/29/2009 9:13:34 AM

this should explain everything you need to know

http://bit.ly/q29

1/29/2009 9:16:21 AM

I don't click links that don't end in com, gov, edu, or net. But thanks, I'll get this girl over there to click it!

[Edited on January 29, 2009 at 9:17 AM. Reason : /]

1/29/2009 9:16:55 AM

Quote :

""speculation" killed the radio start economy "

For all you young whipper-snappers it's "video killed the radio star".

1/29/2009 9:21:33 AM

http://www.wheresgeorge.com/

1/29/2009 9:23:51 AM

Watch out! Here comes a huge influx of naysayers that lack original thoughts of their own, but are positive that you are wrong.

Money is simply "paper" that can "pay" for goods, services, and settle debts. Think of it like a poker game. When no one is putting money into the pot at a casino, the free drinks, free food, the adoring fans, and everything/everyone else involved won't be circling your poker table anymore. The strength of the economy relies upon the flow of money, and when people cannot pay off their debts, receive an income, get loans, or buy goods, the poker game comes to an abrupt halt. So, the money isn't gone, it's just not flowing like it used too.

That's my extremely simple explanation for an impossibly complex concept, lol.

1/29/2009 9:23:53 AM

when you buy something made in china the chinese get a chunk (or a chink however you like it)

1/29/2009 9:25:25 AM

i heard on npr that a lot of the printed money is being hoarded by people in other countries with weaker economies.

they had a whole segment on where all the printed money has gone, because a lot of it can't be accounted for.

1/29/2009 9:25:48 AM

^^^ Well I guess that kinda my point, is that if the money is here, why should we rely on the Gov to fix this shit, when we got the money in our pockets?

^ Also yeah with terrorist being caught with USD, the Gov is trying to water down the USD on purpose to keep monetary power out of their hands.

[Edited on January 29, 2009 at 9:27 AM. Reason : /]

1/29/2009 9:26:10 AM

a lot of people don't realize that more money is shipped to overseas banks from every printing than stays here in the US and is put in circulation.

significantly more.

1/29/2009 9:26:58 AM

BUT WHO WAS PHONE?

1/29/2009 9:28:29 AM

Yeah it could, but doesn't the USD have to come back to America in some way in order for it to be redeemed ultimately?

1/29/2009 9:28:35 AM

what the fuck does redeemed ultimately even mean? places all over the world accept american money.

1/29/2009 9:29:56 AM

Yeah I know but if its not your country's currency how can it be backed fully?

1/29/2009 9:31:13 AM

you don't ever "redeem" money, it just changes hands

the slip of paper we call a dollar is really just a note from the federal reserve saying that there is enough gold/whatever in the national bank to guarantee the value of that dollar the government is "good for it"

it's also a fiat currency, so its value isn't determined by ^that, but by the fact that the government says you have to use it as currency and it has to be accepted. you can't go to the treasury and ask to have your dollars turned into silver

1/29/2009 9:31:23 AM

son we havent been on the gold standard in decades

1/29/2009 9:32:01 AM

Quote :

"redeemed ultimately"

LOL

1/29/2009 9:32:15 AM

Quote :

"Yeah I know but if its not your country's currency how can it be backed fully? "

god damn, are you serious? you can't possibly be this fucking stupid.

1/29/2009 9:32:56 AM

TSB?

1/29/2009 9:35:42 AM

http://en.wikipedia.org/wiki/Federal_Reserve_Note

read up, son

1/29/2009 9:35:49 AM

^^^I am asking a question? Why can't you act like an adult and answer if you have something to say and not sound like a 20 year old going on 14.

[Edited on January 29, 2009 at 9:36 AM. Reason : /]

1/29/2009 9:36:31 AM

because you should know this already.

1/29/2009 9:37:01 AM

Know what?

1/29/2009 9:38:20 AM

no one is going to be compassionate and helpful in chit chat. sarcastic and demeaning, yes.

1/29/2009 9:38:21 AM

Quote :

"a lot of people don't realize that more money is shipped to overseas banks from every printing than stays here in the US and is put in circulation. significantly more."

Doesn't surprise me all that much. Most of my transactions are handled electronically nowadays. I think I've spent less than $200 in actual paper currency in the last 3 years.

1/29/2009 9:38:52 AM

Quote :

"Thus today the notes are backed only by the "full faith and credit of the U.S. government"—the government's ability to levy taxes to pay its debts. In another sense, because the notes are legal tender, they are "backed" by all the goods and services in the U.S. economy; they have value because the public may exchange them for valued goods and services in the U.S. economy."

yay

1/29/2009 9:39:40 AM

Well then we should probably not spend in foreign countries if its hurting us. We (Americans) look stupid to the world if this is the case.

1/29/2009 9:39:56 AM

guess who the biggest buyer of us treasury bonds is?


china!

1/29/2009 9:41:16 AM

Quote :

"Well then we should probably not spend in foreign countries if its hurting us."

...


someone post the :carlface: please

1/29/2009 9:42:00 AM

Don't tell anybody, but I've got most of it in a few offshore accounts.

1/29/2009 9:46:34 AM

i've been hoardin

my bad

1/29/2009 9:48:32 AM

Quote :

"For all you young whipper-snappers it's "video killed the radio star"."

i always thought it was radio store

1/29/2009 9:52:49 AM

I'm a whipper-snapper.

1/29/2009 9:53:34 AM

Quote :

"Well then we should probably not spend in foreign countries if its hurting us."

Easier said than done. But initially I believe we do need to limit spending overseas and bring a lot of things back home to reboost the economy. When you travel to another country, or buy any service or good that does not specifically say "Made in the USA," you are contributing to the economy of another country. Just look at products closely next time you're shopping and you'll see how nearly impossible it is to not buy a foreign good.

1/29/2009 9:55:18 AM

Yeah that true.

1/29/2009 9:56:12 AM