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#Post#: 3988--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: February 5, 2021, 11:36 pm
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GOP Hypocrisy on Debt and Deficit
[quote]Republicans added $7.8T to the deficit under Trump � but
now that Biden has asked for coronavirus relief, the GOP is
suddenly concerned about bURdeNinG tHe eCoNomY.[/quote]
https://www.youtube.com/watch?v=weBxVlKKyMk
#Post#: 4287--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: February 17, 2021, 4:42 pm
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In jail for being in debt
[quote]You committed no crime, but an officer is knocking on
your door. More Minnesotans are surprised to find themselves
being locked up over debts.[/quote]
https://www.startribune.com/in-jail-for-being-in-debt/95692619/
[quote]Compound interest was once regarded as the worst kind of
usury and was severely condemned by Roman law and the common
laws of many other countries.[6]
The Florentine merchant Francesco Balducci Pegolotti provided a
table of compound interest in his book Pratica della mercatura
of about 1340. It gives the interest on 100 lire, for rates from
1% to 8%, for up to 20 years.[7] The Summa de arithmetica of
Luca Pacioli (1494) gives the Rule of 72, stating that to find
the number of years for an investment at compound interest to
double, one should divide the interest rate into 72.
Richard Witt's book Arithmeticall Questions, published in 1613,
was a landmark in the history of compound interest. It was
wholly devoted to the subject (previously called anatocism),
whereas previous writers had usually treated compound interest
briefly in just one chapter in a mathematical textbook. Witt's
book gave tables based on 10% (the then maximum rate of interest
allowable on loans) and on other rates for different purposes,
such as the valuation of property leases. Witt was a London
mathematical practitioner and his book is notable for its
clarity of expression, depth of insight and accuracy of
calculation, with 124 worked examples.[8][9]
Jacob Bernoulli discovered the constant e {\displaystyle e} e in
1683 by studying a question about compound interest.
In the 19th century, and possibly earlier, Persian merchants
used a slightly modified linear Taylor approximation to the
monthly payment formula that could be computed easily in their
heads.[10] [/quote]
https://en.wikipedia.org/wiki/Compound_interest
#Post#: 4291--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: February 17, 2021, 9:32 pm
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Monopoly Was Invented to Take on Capitalism
[quote]More than 100 years later, how does the iconic board game
compare to its original version?[/quote]
[quote]The game�s little-known inventor, Elizabeth Magie, would
no doubt have made herself go directly to jail if she�d lived to
know just how influential today�s twisted version of her game
has turned out to be. Why? Because it encourages its players to
celebrate exactly the opposite values to those she intended to
champion. [/quote]
https://getpocket.com/explore/item/monopoly-was-invented-to-demonstrate-the-evi…
[img width=1280
height=853]
https://static01.nyt.com/images/2019/09/10/multimedia/10xp-monopoly/10xp-monopo…
#Post#: 4359--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: February 20, 2021, 3:42 pm
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The Great Reset: Bill Gates & Farming - WHAT'S GOING ON?
[quote]Indian farmers are protesting over new laws that could
leave them at the mercy of giant corporations, while Big Tech
companies are capturing their data. With Facebook and Bill Gates
involved, what does it mean for you?[/quote]
https://www.youtube.com/watch?v=fg0c2x74mgU
The Indian lady that's being interviewed will make you do a
facepalm, she manages to blame "Nazi Germany" for India's
problems, but I think Russell's point about humans needing to
"return to a more simple and slower life" is a good one.
#Post#: 4377--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: February 21, 2021, 2:30 pm
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Yanis Varoufakis: Capitalism has become 'techno-feudalism'
[quote]A recent Oxfam study found that since the start of the
coronavirus pandemic, the world�s richest 10 billionaires have
seen a wealth increase of half a trillion dollars � enough to
pay for every person on the planet to get a vaccine.
In this UpFront special, Marc Lamont Hill discusses with
economist and former Greek Finance Minister Yanis Varoufakis
what is driving the staggering wealth inequalities and how
governments are offering socialism for the rich, and austerity
for the rest.[/quote]
https://www.youtube.com/watch?v=_jW0xUmUaUc
#Post#: 4574--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: March 3, 2021, 8:00 pm
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One California City Ran A Universal Basic Income Experiment.
Employment Rates Went Up
[quote]Former Mayor of Stockton, California, Michael Tubbs,
joins Katy Tur with the findings from his two-year UBI
experiment. [/quote]
https://www.youtube.com/watch?v=ttTcNVyTgVg
[quote]Less than 1% of the money went to alcohol and tobacco....
[/quote]
#Post#: 4666--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: March 6, 2021, 9:46 pm
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Electricity needed to mine bitcoin is more than used by 'entire
countries'
[quote]Bitcoin mining � the process in which a bitcoin is
awarded to a computer that solves a complex series of algorithm
� is a deeply energy intensive process[/quote]
https://www.theguardian.com/technology/2021/feb/27/bitcoin-mining-electricity-u…
#Post#: 4854--------------------------------------------------
Re: Monetary Wealth
By: rp Date: March 16, 2021, 1:50 am
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Racist history of minimum wage law:
https://mises.org/wire/racist-history-minimum-wage-laws
#Post#: 4928--------------------------------------------------
Re: Monetary Wealth
By: guest5 Date: March 18, 2021, 9:45 pm
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Tim O�Brien: Trump �Binged On Debt Like It�s A Buffet Meal�
[quote]Bloomberg Opinion senior columnist Tim O�Brien analyzes
the pressure on Trump�s businesses, his history of
overpromising, and how the insurrection has impacted his
brand.[/quote]
https://www.youtube.com/watch?v=ztycVK4T6t4
#Post#: 5484--------------------------------------------------
再： 貨幣財富
By: acc9 Date: April 11, 2021, 4:33 am
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https://www.standardmedia.co.ke/asia/article/2001409154/china-fines-alibaba-sh2…
[quote]Chinese regulators said on Saturday they have fined
Alibaba Group Holding Ltd a domestic record $2.75 billion
(Ksh295 billion) for antitrust violations, amid an unprecedented
regulatory crackdown on Jack Ma�s company and other technology
conglomerates.[/quote]
[quote]�The fine bill is a milestone and road sign with great
importance,� Shi Jianzhong wrote in state-backed Economic Times.
�It indicates that the antitrust law enforcement on internet
platforms has entered a new era, and released clear policy
signal.�[/quote]
I think this is not only just a signal for the local Chinese
tech magnates but also a warning to potential western/foreign
investors on how closely the Central Government is watching
private enterprises so they would be careful not to overstep the
red line of government policies that aim to safeguard the
interests of Chinese people/economy.
Do back away if you want to profit by partnering with local
enterprises to do business that might corrupt this system of
socialist government with Chinese characteristics!
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