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Seattle Bubble Forum Archive • View topic - Sign The Financial Petition

Sign The Financial Petition

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Postby perplexd » Sun Oct 28, 2007 10:44 am

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” - Daniel Webster
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Postby Siddha » Sun Oct 28, 2007 1:38 pm

Last edited by Siddha on Mon Nov 05, 2007 10:37 am, edited 1 time in total.
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Postby rose-colored-coolaid » Sun Oct 28, 2007 6:03 pm

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Postby rose-colored-coolaid » Sun Oct 28, 2007 8:46 pm

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Postby Alan » Sun Oct 28, 2007 9:10 pm

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Postby Siddha » Sun Oct 28, 2007 9:31 pm

Last edited by Siddha on Mon Nov 05, 2007 10:38 am, edited 5 times in total.
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Postby Siddha » Sun Oct 28, 2007 10:06 pm

Last edited by Siddha on Mon Nov 05, 2007 10:38 am, edited 1 time in total.
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Postby perplexd » Mon Oct 29, 2007 8:55 pm

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” - Daniel Webster
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Postby rose-colored-coolaid » Tue Oct 30, 2007 8:14 am

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Postby Alan » Thu Nov 01, 2007 10:22 am

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Postby Siddha » Thu Nov 01, 2007 11:36 am

Last edited by Siddha on Mon Nov 05, 2007 10:38 am, edited 2 times in total.
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Postby gills » Fri Nov 02, 2007 1:04 pm

Get over it already. Currency is just an abstraction that exists to simplify trade between parties that create different forms of wealth. It's not a "yoke" or any such thing created by a bunch of crazed brits with Isaac Newton and his band of merry alchemists at the helm. For the love of God, get a grip!

If you are creating wealth in any way (and by wealth I do not mean "money" -- I mean "something of value to you and others"), then you will be fine. The relationship between the value of the wealth you create and the value of the wealth anyone else creates is not going to change significantly just because the dollar fluctuates. The only reasons that will change are:

a) You form of wealth creation is easily replicated, and will soon be done by Chinese child labor or robots at a much lower cost.
b) New technology makes your skill obsolete.
c) The wealth you create is of a transient value to society.

Bankers work the margin, they make money on transactions. They depend deeply on the continued creation and subsequent trade of wealth so they can skim the transaction. If you have a bone to pick with bankers, just quit trading your wealth with others (i.e. learn to build your own home, grow your food, and make your clothing -- or invent a way to metabolize source code).
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