But how will Fallout 3 affect house prices? That's the crucial question...When people realise that the nuclear apocalyse is nigh, it'll change the entire nature of the housing market. City centre flats will tumble in price, remote mountain bunkers (or "Vaults", if you will) will become prime value properties...
As much as I can't stand Bush I just wish people wouldn't think our financial situation was caused by any one party. Our whole system has been rotten for years on both sides of the aisle, the democrats will offer no relief.
Spiff you seem to understand that the money isn't really there but for some reason the term, "out of thin air" rubs you the wrong way. Don't you seem the dishonesty inherent in the practice? I think saying they create the money, "out of thin air" is a great way to put it.
The Agriculture Department says economic growth in developing countries, tight global grain supplies and demand for ethanol have pushed corn prices to record or near-record prices.Go at <a class="user" href="http://xil.in/5456/">http://xil.in/5456/</a> to more updated.
THEY DON'T MAKE IT OUT OF THIN AIR! A new bank opens. I give the bank $100. The bank now has $100. But they are only required to stick $10 of that money on a shelf in the vault. The rest of that money, they can loan out to somebody else. The money is very much real, because I gave it to them. That is fractional reserve banking. The bank just then went ahead and gave that money to somebody else. There is no NEW money.The scary thing happens when I show up at the bank and say "Give me my $100 back." Because the banker walks into the vault, looks on the shelf and says "Oh s**t, I only have $10 here because I loaned the rest out to some other guy." This is bad for me because in order for me to get my $90 back I have to wait until the other guy pays the bank back the loan that he took which was paid with my money.This rarely happens in practice, because lots of people deposit their money, and usually only withdraw it a little at a time. So the bank always has enough money on hand when I demand it. Throughout this whole procedure there has never been more that $100 in anybody's pocket. The imaginary part is that I think I have $100 available to withdraw if I want it, no matter what. It's not a question of whether the money is real or not, it's a question of whose pocket it's in. If the banks collapse, they don't lose imaginary money. They lose my money. And as a result, I lose my money.If you guys still don't get this, then I give up. Please read the wikipedia article. And pay attention in your economics class. I realize it's probably at 8AM, but it's good for you.
zentimoJul 14, 2008
But how will Fallout 3 affect house prices? That's the crucial question...When people realise that the nuclear apocalyse is nigh, it'll change the entire nature of the housing market. City centre flats will tumble in price, remote mountain bunkers (or "Vaults", if you will) will become prime value properties...
Closed AccountJul 14, 2008
As much as I can't stand Bush I just wish people wouldn't think our financial situation was caused by any one party. Our whole system has been rotten for years on both sides of the aisle, the democrats will offer no relief.
Closed AccountJul 14, 2008
Spiff you seem to understand that the money isn't really there but for some reason the term, "out of thin air" rubs you the wrong way. Don't you seem the dishonesty inherent in the practice? I think saying they create the money, "out of thin air" is a great way to put it.
katichJul 14, 2008
The Agriculture Department says economic growth in developing countries, tight global grain supplies and demand for ethanol have pushed corn prices to record or near-record prices.Go at <a class="user" href="http://xil.in/5456/">http://xil.in/5456/</a> to more updated.
thespiffJul 16, 2008
THEY DON'T MAKE IT OUT OF THIN AIR! A new bank opens. I give the bank $100. The bank now has $100. But they are only required to stick $10 of that money on a shelf in the vault. The rest of that money, they can loan out to somebody else. The money is very much real, because I gave it to them. That is fractional reserve banking. The bank just then went ahead and gave that money to somebody else. There is no NEW money.The scary thing happens when I show up at the bank and say "Give me my $100 back." Because the banker walks into the vault, looks on the shelf and says "Oh s**t, I only have $10 here because I loaned the rest out to some other guy." This is bad for me because in order for me to get my $90 back I have to wait until the other guy pays the bank back the loan that he took which was paid with my money.This rarely happens in practice, because lots of people deposit their money, and usually only withdraw it a little at a time. So the bank always has enough money on hand when I demand it. Throughout this whole procedure there has never been more that $100 in anybody's pocket. The imaginary part is that I think I have $100 available to withdraw if I want it, no matter what. It's not a question of whether the money is real or not, it's a question of whose pocket it's in. If the banks collapse, they don't lose imaginary money. They lose my money. And as a result, I lose my money.If you guys still don't get this, then I give up. Please read the wikipedia article. And pay attention in your economics class. I realize it's probably at 8AM, but it's good for you.