What is the most import aspect of money?

how about $20 trillion of goods and services produced each year?

 

It's abusive because how do you redistribute wealth out of the market and into the economy? If we also look objectively at the stand point of other countries looking in or working in this system, it's down right predatory.

$20 trillion for such a low standard of living? Give us a break... we were sold out...

That's not even counting private debt....

 

you said" "its abusive because" but forgot to tell us why its abusive. Please finish your sentence.

Its abusive because..........................( you fill in where the dots are)

 

when someone gets a pay check wealth is being distributed. Do you understand?

 

Money velocity has little to do with our ability to pay this debt down. If we look at this objectively what the fed is doing is tying the legislative branch hands. To keep our GDP at these levels, taxation has to stay pretty much even.

 

why do you think that???

 

That is not wealth redistribution, that's called fullfilling a contract.

 

why do you say $20 trillion is a low standard of living?? it is highest in world. France has per capita income of Arkansas about our poorest state. A poor person in America lives in more spance that a middle class person in France

 

Because other countries of the world have to trade in the dollar. This is why they're all jumping ship to other options.

 

who's talking about money velocity???? Do you have any idea what your subject even is??

 

If we look objectively at the world's standards of living America is not that high, especially when we look per $1 spent.

 

You brought up GDP.

 

i see no evidence that they are jumping ship???? USA has 3% growth and nobody is beating it except China

 

yes and GDP is not velocity. Do you understand?

 

I look objectively it is number one among major industrialized countries. About 35% higher than Europe which is like our poorest states

 

A dollar can be spent many times.

Grow some cotton, sell it and get paid. Spend that same dollar on a shirt. Retailer spends the same dollar to pay the cashier. Cashier spends the dollar on coffee. Coffee seller buys sugar to restock with it. Sugar supplier uses it to put gas in their truck, etc...

In just a few days that dollar can be counted many times towards GDP. This is known as money velocity if you want to look into it further.

 

our subject was GDP not velocity. Do you understand???? money velocity is x and thus we have $20 trillion GDP. Now do you understand?????????????

 

our subject is GDP not how many times dollar can be spend in economy with $20 trillion GDP? Do you understand?

 

a dollar is not counted toward GDP. GDP is a measure of goods produced ie $20 trillion. Do you understand?

 

You're wrong.

 

sure I am and its just coincidence that you cant to explain why!!

 

I'll concede to you the point about GDP.

But can you explain why you cite our GDP to back our debt problem? Of that $20 trillion the federal government only collects $3.5 trillion in taxes. Which is a budget shortfall of about $500 billion.

So now we are in a hole that we can not tax our way out of because it will lower our GDP. You get what I'm saying?

 

don't know what that even means and can't imagine i said it.

 

I agree we are in a hole. Solution is Republican ie cut spending and make economy far more efficient.