Politics in General

[other one]

5 minutes ago, MorningGlory said:

That's just a discussion board.

a quote from that site:

Gold and silver aren't for bartering in the aftermath of a collapse of the economy and payment systems. They are for storing wealth/value until a new economy / payment system is stabilized. $.02

And if the economy never fully collapses, great. Physical gold and silver will hold value even as paper burns.

Guess the author of the OP didn't bother studying history. No worries though. I hear ignorance is strength and history never repeats itself.

[Vendtre]

8 minutes ago, MorningGlory said:

I'd hold the line on the personal insults if I was you.  I saw 'viable' but skipped over it because it wasn't the correct word. I am speaking to the sophistication of those ancient systems and the fact that gold and silver were very important in their times and will continue to be in the future.  All you need do is apply logic and the same economic principles you use when making financial decisions for the future. 

Viable is the most important word.  Gold had value then because there was a viable economic system in place to give gold its value.

In the scenario we are speaking of that is not the case.  Would you trade food or ammo for gold in the aftermath of an economic apocalypse? 

What purpose will gold serve in such an environment?

[ayin jade]

6 hours ago, Vendtre said:

Well, yes you are repeating falsehoods.  First, 50% of all new business do not go bankrupt, most of that group just go out of business without reneging on their debt.  

Second, the bankruptcies were not all "different companies", the first two were two separate casino/resort operations that much is true.  Then he combined those operations into Trump Hotel & Casino resorts which in turn went bankrupt, which he in turn renamed as Trump Entertainment Resorts, which in turn of course went bankrupt.   All total the bankruptcies removed 4.7 billion dollars of debt from his companies.  That is 4.7 billion dollars that bond holders, creditors, suppliers and employees were cheated out of.  And despite Trump implying it was just banks that lost money (as if that makes it ok) a lot of little people were left holding the bag for him between employees not being paid, suppliers not being paid for their goods and the people whose investment accounts held Trump bonds, which included retirement accounts. 

Third, he did not do "better than the average" in fact he stands alone atop the bankruptcy championship. . 

His bankruptcies were reorganizations. Not complete chapter 7 bankruptcies. Three of them were casinos at a time when casinos tanked. An article discusses how it wasnt as bad as some people are trying to make it out to be. 

 

Quote

 

The Trump-tied bankruptcies have all been filed under Chapter 11, a provision allowing troubled companies to stay in business while restructuring their business model or reducing their debts. In the business world, those filings are far more common, and far less disastrous, than Chapter 7 bankruptcies, in which companies are liquidated to satisfy debts.

https://www.washingtonpost.com/business/economy/what-trump-didnt-say-about-his-four-big-business-bankruptcies/2015/08/07/bc054e64-3d12-11e5-9c2d-ed991d848c48_story.html

 

 

[hmbld]

Just now, Vendtre said:

Viable is the most important word.  Gold had value then because there was a viable economic system in place to give gold its value.

In the scenario we are speaking of that is not the case.  Would you trade food or ammo for gold in the aftermath of an economic apocalypse? 

What purpose will gold serve in such an environment?

If all i had was hay bales to raise and trade, it would be difficult to trade with a butcher, who has no live animals to feed.  I need a resource easy to carry that has a value everyone can agree on. If someone had ammo, they may not want to trade for hay bales.  Gold would work, or silver.  

[ayin jade]

6 hours ago, artsylady said:

Ok, so I guess no one here, especially you, on Worthy, comments or has any opinions on Israel or Palestine.... none of your business, right?  And certainly you cannot grasp what's going on unless you live there either, correct?  

Well let me tell you,  I never commented on the other elections since I've been here.  I am making them now, because I, like a lot of other Canadians are quite fearful of what's going on.  A friend was actually in tears about it.  The fact that this guy tells supporters to physically assault others who disagree, is all the proof one needs to show you he's complete moron.  You don't need more.  You have more... much more, but that's all you really need.   Secondly, since I am in a neighboring country, I guess you are not aware that many Americans are threatening to leave the country to come to my country?  Don't know how you missed that but you might see how that affects me directly.  Thirdly, I have a sister, brother in law, nieces and a nephew living in the states, not to mention friends, so please forgive my concern.

It didn't really surprise me that you had to ask when our next election is... That you had no idea we even just had one.   Maybe it's YOUR media coverage that is lacking.  Anyway.  Truth be told, and maybe you can't understand this unless you are NOT an American, but the reputation for most Americans all over the world, is that they are arrogant and have little regard or respect or knowledge of other countries.  Very, very true sentiment of your neighbours to the North.  We make jokes about it all the time.... Jokes about how some of you think we all live in igloos, or we get asked, "Do you know Joe" from Canada, etc.  

Rick Mercer, a famous Canadian TV personality, (whom I am sure you don't know) from our national network, CBC, (which I'm sure you have never heard of), has made some very funny videos of interviews of Americans, called "Talking to Americans"  Available all over Youtube.  You might check it out. 

1) Any comments I make about israel or palestinians are just comments to other non citizens. I do not insert myself and try to force my opinions on to israel or palestinians itself. 

2) I am well aware of the threats many are making to leave the us. I am well aware that it happens with each election. Are you aware of that? And yet, despite all the threats with each election, very few if any ever leave. 

3) I was not aware of your election because the past year has been a blur for me. My brother in law was murdered. My family has been grieving and going through a lot just dealing with the aftermath. 

4) You get in a lot of digs towards americans. Not really a Christlike thing to do you know? As it happens I not only know cbc but I have watched it at times when I have been in canada. I have quite a bit of knowledge about other countries. Your perception of what americans are like is rather hateful. 

[Vendtre]

2 minutes ago, hmbld said:

If all i had was hay bales to raise and trade, it would be difficult to trade with a butcher, who has no live animals to feed.  I need a resource easy to carry that has a value everyone can agree on. If someone had ammo, they may not want to trade for hay bales.  Gold would work, or silver.  

Why?  What value does that gold or silver hold?  Can you eat it?  Can your plow with it?  Can you defend yourself with it? 

Gold has value now because there is some central system to says what it's value is. That system won't be there in the event of a collapse. 

[ayin jade]

3 hours ago, artsylady said:

It's not about how interesting you are.  We're actually more concerned that there are enough uneducated voters in the US who will make a mistake and cause Americans to come to my country in droves.   OnE of those candidates in particular likes them uneducated folks though now don't he?

It wont happen. It never does. Seriously, the threats happen with every election and no one leaves. 

[ayin jade]

3 hours ago, artsylady said:

I highly doubt that you will.   I actually asked a serious question earlier and no one is responding.  What about John Kasich? ??  

1) The defunding thing was something he only just did at the end of february. And it will likely be overturned by the feds, as happened in other states that tried this. Abortion isnt something that is going to go away no matter how much we wish it would. 

2) He hasnt a chance to get elected. So we would end up with hillary. Who favors abortion anyway. 

3) Other policies by that candidate do not sit well with voters. 

4) Why are you inserting yourself into our politics? I do not try to bully israelis into voting "my way". I do not inset myself into their politics. Nor do I insert myself into your politics.

[other one]

11 minutes ago, Vendtre said:

Why?  What value does that gold or silver hold?  Can you eat it?  Can your plow with it?  Can you defend yourself with it? 

Gold has value now because there is some central system to says what it's value is. That system won't be there in the event of a collapse. 

both are used in industry same as they have been for 5000 years.

[Vendtre]

2 minutes ago, other one said:

both are used in industry same as they have been for 5000 years.