Author: Revolutionar

what is wealth?   [Copy link] 中文

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Post time 2011-8-14 17:08:15 |Display all floors

Reply #8 St_George's post

I have not looked up Ha JC

but,

Great entrepreneurs do not know so many theories.
Do not need so many theories.

Great entrepreneurs only know that wealth is your ability to borrow and your willingness to spend it.
hahahahahaha


Great entrepreneurs know that if you can borrow money
You have discovered the keys to great wealth

Great entrepreneurs also know that if you  can employ people to do stuffs, your profits are directly related to the number of people you can employ and keep busy.

A guy who can employ 10,000 will make more money than a guy who can only employ 1,000 people.

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Post time 2011-8-14 17:50:44 |Display all floors
We do need entrepreneurs to help create wealth, we also need some sense of proportions with pay.  The values are horribly distorted by widening income disparity.

The Capitalists (with a capital C) are responsible for this.


As an example the bankers are still awarding themselves large bonuses-thats bonuses for FAILURE.


What would YOUR fate be as an entrepreneur if your enterprise failed  ?


You'd perish mate simple as that.

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Post time 2011-8-14 18:27:07 |Display all floors

Reply #10 St_George's post

anyway we are diverging.

The reason I started this thread is to high light the importance of borrowing money at this moment when assets are so cheap.

Assets have not been so cheap for a generation especially in relation to borrowing costs.

Assets like Bank of America and Apple and Microsoft and Googles and residential homes. You can get a 30 years home loan for 4% at half price to their peak.

It is a great time to be alive and alert to the wonderful money making opportunities America  has to offer.

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Post time 2011-8-14 18:31:58 |Display all floors
borrowing and spending is crass keynsianism

it is viable if you control the unit of account and you are the biggest kid in the canteen queue

in plain language - if you borrow, you are stealing

when you spend, you are using money you stole

when you control the unit of account, you get a bonus

you can steal every time you create another dollar - you steal from every dollar holder as soon as you make more - it is literally a license to print money

everyone with a brain knows this

you can do this only as long as you hold a gun to their head

it kills the moral fabric of society because it renders human work meaningless
(beast ex machina)

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Post time 2011-8-14 18:35:16 |Display all floors
assets are only cheap in terms of the unit of account

if you control the printing press, then you want assets to be cheap

so you can buy them for nothing

because money is now denominated in debt

it is insufferable because it is unjust
(beast ex machina)

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Post time 2011-8-14 18:40:32 |Display all floors
Originally posted by Revolutionar at 2011-8-14 18:27
anyway we are diverging.

The reason I started this thread is to high light the importance of borrowing money at this moment when assets are so cheap.

Assets have not been so cheap for a gener ...



They lent too much money to people who were never going to be able to repay.   Why did they do that  ?

The bankers themselves in the main didn't understand their own products, some formulae literally made up by rocket scientists as their guide


But if you're a Capitist banker with no social conscience why would you care ?


Take the money and run leave the mess to the muppet politicians-and the Taxpayers.

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Post time 2011-8-14 19:08:43 |Display all floors

Reply #13 lebeast's post

China has runaway inflation. USA does not.

China is therefore printing King, not USA.

The low borrowing cost in USA means borrowers will be rewarded.

The high inflation in China kills consumers and will also kill entreprenuers because of the inevitable rise of interest rates.

The FED on the other hand has promised near zero rates for the next two years. Borrowers will be rewarded. The way to play the game is to borrow. Borrow as much as you can. Today's borrowers  will be tomorrow's Kings. hahahahahahahahaha

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