Interesting Post on the LoL Forums (Wall of Text)

Post by **pkk** » Mon Jan 21, 2013 10:35 am

Sheriff Metz wrote:QUOTE (Sheriff Metz @ Jan 21 2013, 03:53 AM) The problem is that when you're working for someone else - which 99% of people do - no matter how hard you work or how much money you make, you're making the CEOs that much more. and since your socio-economic status is entirely relative, the best thing you will ever do is struggle to be the middle-class (but more likely you'll just be poor forever)

You can still strike. If you can be easily replaced, it's no option, but if you are a professional, it's hard to find someone else to do your job. This is just the law of supply and demand in practice. Only the people with (multiple) small incomes are the loosers of the system, that's why some people over here are fighting for a minimum wage instead of increasing payment of these small jobs by social insurance grants.

raumvogel · Post by **raumvogel** » Mon Jan 21, 2013 1:28 pm

We have a minimum wage over here and it's always way below what anyone can live on.

peet · Post by **peet** » Mon Jan 21, 2013 2:00 pm

One thing worries me about the USA, even from a 5000 mile distance. I swapped some Euros for US Dollars at a currency exchange point. They (Dollars) were all in mint condition. Not one with a crease, fold, wrinkle or dog-ear. Like they came straight from the printing press.

ryujin · Post by **ryujin** » Mon Jan 21, 2013 4:43 pm

peet wrote:QUOTE (peet @ Jan 21 2013, 10:00 AM) One thing worries me about the USA, even from a 5000 mile distance. I swapped some Euros for US Dollars at a currency exchange point. They (Dollars) were all in mint condition. Not one with a crease, fold, wrinkle or dog-ear. Like they came straight from the printing press.

well the fed regularly destroys and prints money all the time. not saying inflation isn't a bitch, and overprinting money does add to inflation, but theoretically the crisp one is replacing a crased, folded, dogeared torn one. though i'm sure they print more than they destroy

Hellsyng · Post by **Hellsyng** » Mon Jan 21, 2013 5:10 pm

And wouldn't it make more sense for a bill to look brand new in a country where it is used less often? They probably DID send it straight from the presses, but it could've been months ago.

germloucks · Post by **germloucks** » Mon Jan 21, 2013 8:44 pm

peet wrote:QUOTE (peet @ Jan 21 2013, 06:00 AM) One thing worries me about the USA, even from a 5000 mile distance. I swapped some Euros for US Dollars at a currency exchange point. They (Dollars) were all in mint condition. Not one with a crease, fold, wrinkle or dog-ear. Like they came straight from the printing press.

Worried that the US can afford to keep nice bills in circulation? Also, not all bills are used the same. Twenties can expect to be wrinkly soon, but 50s/100s stay nice for much longer. In the US most small businesses hate giving change back for 50s and 100s so people prefer 20s. Also, like Ryujin said the Treasury prints out money year round. Many distributers and such higher up on the money supply chain will get the newer money in large amounts direct from the Treasury which then gets distributed to ATMs/Banks/Currency Exchange places and then filters out to the general population from there. << how i understand it from working at a bank

I guess the main point is that, no, new money from a money supplier is not cause to worry (presumably about inflation??).

avirst · Post by **avirst** » Tue Jan 22, 2013 4:17 am

What's your business plan currently, do you work for some one, or do people work under you?

Mastametz · Post by **Mastametz** » Tue Jan 22, 2013 4:31 am

pkk wrote:QUOTE (pkk @ Jan 21 2013, 02:35 AM) You can still strike. If you can be easily replaced, it's no option, but if you are a professional, it's hard to find someone else to do your job.

Everyone is looking for work. Nobody can strike without being replaced in a heartbeat, and by someone willing to work for less money.
and assuming you could strike, you could never get enough out of it to make any real progress towards closing the gap between the CEOs of the company you work for, and yourself. That's the point.

It is a caste system and everything in place to mitigate the caste affect is circumvented through "financial instruments" like offshore banking.

djrbk · Post by **djrbk** » Tue Jan 22, 2013 9:57 am

Re: condition of currency, that is one of the reasons (among many others) that I love the new Canadian currency: http://www.bankofcanada.ca/banknotes/

Polymer. Virtually indestructible. Thinner. Hardest currency to forge in the world.

A bit off topic, but we're getting rid of the penny too. Woo!

On topic: kind of agree with most of what OP has to say. 'Murica is $#@!ed and if I were a citizen I'd be making contingency plans to bail out like rats from a sinking ship.

TurkeyXIII · Post by **TurkeyXIII** » Tue Jan 22, 2013 11:40 am

Oh hey, Canada's catching up with the whole polymer banknotes thing. They're really good, I've never really seen a torn or ragged one.