The way to get out is to print (no, not borrow) money. Reducing the deficit, paying off the national debt, reducing personal or corporate debt will all cause a recession under the existing monetary system because it nukes the equivalent amount of credit.
It's all fairly simple once you understand that 95% of US money is credit and realise that growth == inflation == credit and debt.
Tens to hundreds of millions have starved to death over the last few decades. They live at the edge of the carrying capacity, and when there is a bad year or two, they starve.
There is just one thing preventing you from starving too. Energy.
Your money comes from debt which pays interest and therefore requires continual exponential growth to function. It's a pyramid scheme. For which you can thank the bankers.
Have a look at the back of a dollar bill sometime.
What it comes down to is that if you can tread water long enough, floating your debt close to the rate of inflation
Except, you can't. The money is created when loans are taken out so you are forever trying to encourage more people to take out more loans to pay the interest on the previous round of debt.
Wait. I must be lying because it isn't released yet... Or... Perhaps the world extends beyond American borders. What, Americans make up only 5% of the world population? (10% by body mass)
The grantparent is largely correct, and it has nothing to do with accounting.
When banks create the money that they loan out (and it is the creation of money which is what makes a bank a bank), they do not create the money required to pay the interest on the loan. Therefore more and larger loans must continually be created to pay the interest on the previous round of debt. If more and larger loans are not taken out, there is a recession, or depression as the debt consumes the credit. The economy is basically a giant pyramid scheme. The longer the period of growth, the bigger the crash at the end of it. It is simply the bankruptcy process destroying the debt which allows another round of growth.
most cash proceeds from the sale of houses was deposited in banks -- this is false. Most was actually reinvested in other real property or elsewhere.
WTF? Do you think the paper was magically converted into bricks? Was it burned to fire the ovens?. No it was deposited into another bank account.
They are dependent on the stream of payments from existing debtors. When that stream dries up, their ability to lend dries up, since they become cash-flow negative, and eventually have no capital to lend.
And where does the money to pay the interest come from? It was never created, and when credit pays off debt, there is nothing left over. You call the grantparent uneducated but clearly either don't understand how banking works or are deliberately misrepresenting the process.
While the potential for identity theft is high and the accounts should never have made it out of the banks, the use of PIN and TAN codes reduces the risk somewhat.
No, it's not. It's not even growing linearly. (Do you know what those terms mean?)
I do. Any percentage per unit time is an exponential function. You on the other hand are clearly confused about the difference between the terms growing and growth rate.
The world population is increasing exponentially. Nothing increases exponentially in a limited environment, so the most likely scenario is that we will simply continue growing our consumption until we run out of the resources which allow the growth. oil, water, energy etc. Then the carrying capacity of the earth will be drastically reduced and with that goes the number of living things. In the final stages of growth humans will displace most other lifeforms which compete for resources.
You could use yeast in a bottle as an example. It grows until all the sugar is consumed, or alcohol level is too high, then it all just dies off.
Slashdot Mirror
and a correlated reduction in debt.
The way to get out is to print (no, not borrow) money. Reducing the deficit, paying off the national debt, reducing personal or corporate debt will all cause a recession under the existing monetary system because it nukes the equivalent amount of credit.
It's all fairly simple once you understand that 95% of US money is credit and realise that growth == inflation == credit and debt.
e.g.
http://en.wikipedia.org/wiki/Probiotic
Bacteria, humans are simply methods by which genes replicate.
http://en.wikipedia.org/wiki/Solectria_Sunrise
but one that is limited to very specialized circumstances akin to interplanetary probes.
You want to take a kilo from here to there? Perfect.
Jesus, haven't you been watching?
Tens to hundreds of millions have starved to death over the last few decades. They live at the edge of the carrying capacity, and when there is a bad year or two, they starve.
There is just one thing preventing you from starving too. Energy.
Your money comes from debt which pays interest and therefore requires continual exponential growth to function. It's a pyramid scheme. For which you can thank the bankers.
Have a look at the back of a dollar bill sometime.
What it comes down to is that if you can tread water long enough, floating your debt close to the rate of inflation
Except, you can't. The money is created when loans are taken out so you are forever trying to encourage more people to take out more loans to pay the interest on the previous round of debt.
Works fine. Till you run out of people.
It took a Bush to bankrupt the USA[1].
[1] In fact, the USA declared bankruptcy on 15th August 1971, and it was Nixon wot did it.
Wait. I must be lying because it isn't released yet... Or... Perhaps the world extends beyond American borders. What, Americans make up only 5% of the world population? (10% by body mass)
Sounds like this OS is right up my alley!
We like to keep a modicum of decency in these forums, what you do in the privacy of your own home is your own business.
When credit dries up. Only companies which are overly dependent on credit, collapse.
The first real PRT system is nearly ready to enter active service at Heathrow Airport.
http://www.atsltd.co.uk/news/29/32/First-Flight-at-Heathrow/d,News%20Display/
Why would you want to do that to yourself?
The grantparent is largely correct, and it has nothing to do with accounting.
When banks create the money that they loan out (and it is the creation of money which is what makes a bank a bank), they do not create the money required to pay the interest on the loan. Therefore more and larger loans must continually be created to pay the interest on the previous round of debt. If more and larger loans are not taken out, there is a recession, or depression as the debt consumes the credit. The economy is basically a giant pyramid scheme. The longer the period of growth, the bigger the crash at the end of it. It is simply the bankruptcy process destroying the debt which allows another round of growth.
most cash proceeds from the sale of houses was deposited in banks -- this is false. Most was actually reinvested in other real property or elsewhere.
WTF? Do you think the paper was magically converted into bricks? Was it burned to fire the ovens?. No it was deposited into another bank account.
They are dependent on the stream of payments from existing debtors. When that stream dries up, their ability to lend dries up, since they become cash-flow negative, and eventually have no capital to lend.
And where does the money to pay the interest come from? It was never created, and when credit pays off debt, there is nothing left over. You call the grantparent uneducated but clearly either don't understand how banking works or are deliberately misrepresenting the process.
Get rid of sub pixel rendering and pick a nicer font.
One of the weaknesses of Linux still. The fonts are terrible and require processing which slow everything down.
THEY have been able to do this for decades! Where is your tinfoil hat now? Ha!
The real questions can be buried. And then nothing has to change...
Amanda had some problems last time I looked. Bacula isn't TSM by any means but it's actually not bad.
Basically a form of one time password.
http://en.wikipedia.org/wiki/Transaction_authentication_number
e.g.
http://www.germanbanks.org/html/19_consumers/consumers_04_2.asp
While the potential for identity theft is high and the accounts should never have made it out of the banks, the use of PIN and TAN codes reduces the risk somewhat.
by the top bank executives, they all make out like banksters. Sorry. Bandits.
No, it's not. It's not even growing linearly. (Do you know what those terms mean?)
I do. Any percentage per unit time is an exponential function. You on the other hand are clearly confused about the difference between the terms growing and growth rate.
Instead of 39 54.490N 116 23.887E
Now that would be information warfare.
The people with the most bombs usually win...
And... Vietnam taught you that pearl of wisdom?
If there is a war they can do what they like.
The world population is increasing exponentially. Nothing increases exponentially in a limited environment, so the most likely scenario is that we will simply continue growing our consumption until we run out of the resources which allow the growth. oil, water, energy etc. Then the carrying capacity of the earth will be drastically reduced and with that goes the number of living things. In the final stages of growth humans will displace most other lifeforms which compete for resources.
You could use yeast in a bottle as an example. It grows until all the sugar is consumed, or alcohol level is too high, then it all just dies off.
Our bottle is simply larger.