Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: April 29, 2024, 6:34 am
Thread Rating:
|
why does (-5)*(-4)=20 ?, eom
|
  (October 16, 2013 at 1:25 pm)pocaracas Wrote:(October 16, 2013 at 1:18 pm)DLJ Wrote: Oh! Right. Three wrongs don't make a right, but three lefts do. 
Skepticism is not a position; it is an approach to claims.
Science is not a subject, but a method.  RE: why does (-5)*(-4)=20 ?, eom
October 16, 2013 at 1:55 pm
(This post was last modified: October 16, 2013 at 1:58 pm by DLJ.)
 (October 16, 2013 at 7:37 am)Aractus Wrote: I'm not arguing that you can't negative from your quantity of real money, I'm stating a simple fact: you cannot hold a negative quantity of anything physically in your hand. A bond isn't money and it isn't negative money, and money isn't a bond or a negative bond, you're just deciding to use them as opposites for your example. If you were to hold a proton in one hand and an anti-proton in the other, you would be holding a positive charge in one hand and a negative charge in the other. Negativity is a very real concept. Regarding money, debt and the GFC, money is no more real than debt. Ask the people of post-war East Germany whether all those Deutsche Marks they had were "real". The physical demoninations are real, but the concept itself is an abstraction built entirely on trust. The fact that governments (and banks incidently) can create money out of thin air shows how weak a concept money is. 
No, what you're talking about now isn't whether money is real but rather about its quantifiable value, and on that point you could just as easily be talking about gold, coal, oil, rice, corn or just about any other tradeable asset.
For Religion & Health see:[/b][/size] Williams & Sternthal. (2007). Spirituality, religion and health: Evidence and research directions. Med. J. Aust., 186(10), S47-S50. -LINK
The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK "That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke
Wrong. If I have "money" in my bank account, do you think, anywhere in the world, that "money" actual exists other than as a record on a computer? If I take out a loan, do you think a bank physically puts money into my account? Money is as abstract a concept as numbers. Its physcial denominations are obviously real, tangible things, but without that abstract concept backing them up, they become just coins and notes.
RE: why does (-5)*(-4)=20 ?, eom
October 18, 2013 at 3:38 am
(This post was last modified: October 18, 2013 at 5:11 am by Aractus.)
(October 17, 2013 at 2:16 pm)davidMC1982 Wrote: Wrong. If I have "money" in my bank account, do you think, anywhere in the world, that "money" actual exists other than as a record on a computer?Yes, obviously. Quote:If I take out a loan, do you think a bank physically puts money into my account?Yes, they go and find an investor for you - or possibly a number of investors. You can physically withdraw the money you've be loaned from the bank. Just like if you make an online purchase in another currency, what happens is the bank finds a trader on the forex market for you who will sell you the currency you need for a tiny profit above the exchange rate, and then the bank adds an administrative fee of their own as well. If a bank added a balance to your account without physically holding the money, it'd be the stupidest thing they could possibly do because they'd be putting themselves into debt, and they'd be committing fraud. Think about this, if somebody steals money from the bank, that somebody has to incur a loss either - the bank themselves, their customers, or (as would usually be the case), some faceless investor in Lloyd's. Quote:Money is as abstract a concept as numbers. Its physical denominations are obviously real, tangible things, but without that abstract concept backing them up, they become just coins and notes.Their value is market driven, just like any other tradable commodity.
For Religion & Health see:[/b][/size] Williams & Sternthal. (2007). Spirituality, religion and health: Evidence and research directions. Med. J. Aust., 186(10), S47-S50. -LINK
The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK "That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke 
I'm not sure what people in this thread are more confused about, number theory or how banks work. :-P
(October 18, 2013 at 3:38 am)Aractus Wrote: If a bank added a balance to your account without physically holding the money, it'd be the stupidest thing they could possibly do because they'd be putting themselves into debt, and they'd be committing fraud. That's exactly what they do and it provides a clue as to part of what the GFC was. Watch this nice little documentary: http://www.youtube.com/watch?v=jqvKjsIxT_8 |
|
« Next Oldest | Next Newest »
|
Users browsing this thread: 1 Guest(s)
