Matches for mjr_, 5905 total results Sorted by newest | relevance
Tue Feb 25 07:24:23 UTC 2014 <mjr_> yes
Tue Feb 25 07:24:17 UTC 2014 <mjr_> nice, i'm glad you read "debt: the first 5000 years" but that is not actually the case
Tue Feb 25 07:23:58 UTC 2014 <mjr_> whatever we have done in the last 40 years doesn't fundamentally change the meaning of the word money
Tue Feb 25 07:23:43 UTC 2014 <mjr_> traditionally
Tue Feb 25 07:23:41 UTC 2014 <mjr_> first off, that is my point, "notes" represent assets on account
Tue Feb 25 07:23:22 UTC 2014 <cerelenius> mjr: thats the system they created since they got off gold redeemability
Tue Feb 25 07:23:21 UTC 2014 <mjr_> it is a token
Tue Feb 25 07:23:18 UTC 2014 <mjr_> then its not a debt
Tue Feb 25 07:23:10 UTC 2014 <cerelenius> mjr: yea i agree its not redeemable, its like a 0day tbill
Tue Feb 25 07:23:07 UTC 2014 <mjr_> that is silly
Tue Feb 25 07:22:57 UTC 2014 <mjr_> so i have a debt that means you have to pay me other dollars
Tue Feb 25 07:22:49 UTC 2014 <mjr_> dollars
Tue Feb 25 07:22:48 UTC 2014 <mjr_> oh rightr
Tue Feb 25 07:22:46 UTC 2014 <mjr_> which are denominated in...
Tue Feb 25 07:22:38 UTC 2014 <mjr_> then it isn't backed by the house...
Tue Feb 25 07:22:28 UTC 2014 <mjr_> that is like saying "a mortgage is backed by a house, but you cannot ever take the house'
Tue Feb 25 07:22:11 UTC 2014 <mjr_> what is their collateral?
Tue Feb 25 07:21:55 UTC 2014 <mjr_> you cannot redeem a dollar
Tue Feb 25 07:21:48 UTC 2014 <mjr_> in other words i can REDEEM it
Tue Feb 25 07:21:43 UTC 2014 <mjr_> a debt means that i am OWED something