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Money Is Labor


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2009 Jan 29, 1:18am   13,457 views  139 comments

by Patrick   ➕follow (59)   💰tip   ignore  

labor

On Jan 29, 2009, at 7:24 AM, Rolfe W. wrote:

But consider the math. If you have $100,000 of deposits at a bank. Do you also have the capacity to pay yourself back $100,000 if that money is lost?
If taxpayers lose all their money in widespread bank failures, they'd have no cash left to bail themselves out.

On Thu, Jan 29, 2009 at 11:45 AM, Patrick Killelea wrote:

It gets confusing because I'm not sure what cash really is. If taxpayers lose all their money, they could print more and pay themselves back. Would that be inflationary? Maybe not, if the money they "lost" in bank failures was lost real estate equity. Equity gets counted as money, though maybe it shouldn't be.

I keep trying to reduce it in my mind to hours of human labor. That's something that cannot be inflated. I think the essence of the credit crisis in one sense is that people have promised more years of work that can possibly exist. It starts with the guy who bids 100 years of income for a house. He's not going to live 100 more years. So that debt will not be paid. Now that it's clear many debts are bad, all debt is suspect. And lending stops.

#housing

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138   OO   2009 Feb 4, 12:44am  

Lindt is what I grew up with, it was very big in Asia, being advertised as a made-in-Switzerland chocolate. Maybe the Lindt here is produced elsewhere, but I was not impressed with the Lindt that I grew up with, it was better than Cadbury, but quite a notch away from gourmet chocolate.

139   kewp   2009 Feb 7, 7:06am  

How about the kefir? Is it possible that the kefir is more significant than the cocoa?

Possibly; but dairy isn't all that good for you. I try to minimize the downside by sticking to low-fat, organic kefir. Raw cacao is actually an extremely healthy food.

http://www.brainready.com/blog/thetop5brainhealthfoods.html

I got the idea for the smoothie from this article:

http://leftofzen.com/brain-food/2008/01/04/

My current recipe is as follows:

1 cup organic kefir (I like the Lifeway Acai/Pomegranite)
1 cup frozen blueberries
1/4 cup walnuts (halves and pieces)
2 tbsp cocoa nibs
1 tbsp Trader Joe's 'Very Green' mix
1 tbsp organic virgin coconut oil
1/2 tsp cinnamon
1/2 tsp turmeric

I might try adding some raw almonds to the mix at some point.

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