No profit, no survival!

[BillBoard]

If you don't make a profit, you can't stay in business.

Is as simple as that.

You can stay in business for ever, as long as you can make a 0.001% profit.

You will go out of business at the rate of your losses. So if you lose 1% of your original capital per day, you will go be wiped out of business in less than 100 days.

Having said that, if the Federal Reserve defines the ratio and proportion of the currency that measures your rate of profit, what makes you think they can go bankrupt?

The control the game, and they control when you are to make a profit.

Learn the game, make your own game, and give them competition!

[Twisted Titan]

Same thinking when it came to the financial Meltdown of 08

How could a Bank go Bankrupt if Money is created with the stroke of a Pen?

[Ponce]

I know what you mean BillBoard..........when I had my company for squeeze balls this guy was raising hell about my prices and I told him "I am in business to make money and if you don't make your own money you are then in the wrong business"........the guy was a "Jewish" guy and after looking at me kind of funny ordered the pallets of them hahahahahahahaahhaahah..........my "profit" per each ball was of around 200%, 0.19 cents to make and sold them anywhere form .051 to .064 cents each.

[sirgonzo420]

I know what you mean BillBoard..........when I had my company for squeeze balls this guy was raising hell about my prices and I told him "I am in business to make money and if you don't make your own money you are then in the wrong business"........the guy was a "Jewish" guy and after looking at me kind of funny ordered the pallets of them hahahahahahahaahhaahah..........my "profit" per each ball was of around 200%, 0.19 cents to make and sold them anywhere form .051 to .064 cents each.


I love cuban math!

;)

[Ponce]

I only count as "profit" what I put in my pocket and not in others........just for you, make it 265% profit hahahahahahahaha.

[BillBoard]

what makes you think they can go bankrupt?

Bankruptcy is an ACTION.

From Blackstone the ACTIONS that identify a bankrupt are


1. Departing from the realm, whereby a man withdraws himfelf from the jurifdiction and coercion of the law, with intent to defraud his creditors z. 2. Departing from his own houfe, with intent to fecrete himfelf, and avoid his creditors a. 3. Keeping in his own houfe, privately, fo as not to be feen or fpoken with by his creditors, except for juft and neceffary caufe; which is likewife conftrued to be an intention to defraud his creditors, by avoiding the procefs of the law b. 4. Procuring or fuffering himfelf willingly to be arrefted, or outlawed, or imprifoned, without juft and lawful caufe; which is likewife deemed an attempt to defraud his creditors c. 5. Procuring his money, goods, chattels, and effects to be attached or fequeftered by any legal procefs; which is another plain and direct endeavour to difappoint his creditors of their fecurity d. 6. Making any fraudulent conveyance to a friend, or fecret truftee, of his lands, tenements, goods, or chattels; which is an act of the fame fufpicious nature with the laft e. 7. Procuring any protection, not being himfelf privileged by parliament, in order to fcreen his perfon from arrefts; which alfo is an endeavour to elude the juftice of the law f. 8. Endeavouring or defiring, by any petition to the king, or bill exhibited in any of the king's courts againft any creditors, to compel them to take lefs than their juft debts; or to procraftinate the time of payment, originally contracted for; which are an acknowlegement of either his poverty or his knavery g. 9. Lying in prifon for two months, or more, upon arreft or other detention for debt, without finding bail, in order to obtain his liberty h. For the inability to procure bail argues a ftrong deficiency in his credit, owing either to his fufpected poverty, or ill character; and his neglect to do it, if able, can arife only from a fraudulent intention: in either of which cafes it is high time for his creditors to look to themfelves, and compel a diftribution of his effects. 10. Efcaping from prifon after an arreft for a juft debt of 100 l. or upwards i. For no man would break prifon, that was able and defirous to procure bail; which brings it within the reafon of the laft cafe. 11. Neglecting to make fatisfaction for any juft debt to the amount of 100 l. within two months after fervice of legal procefs, for fuch debt, upon any trader having privilege of parliament.

Check over the list carefully to see the type of ACTIONS by which that a bankrupt might be identified.



Under the Common Law? Using precious metals are the medium of exchange?

That would change, would it not, if we change the medium of exchange from something tangible to something conceptual?

There is no physical characteristic to the Dollar currently, other than its physical representation by notes and coins.

[cthulu]

Playing devil's advocate. How is profiit any different than usury? If a bank is suppose to make a profit and prints 5 dollars, where does the profit comefrom?

[BillBoard]

Playing devil's advocate. How is profiit any different than usury? If a bank is suppose to make a profit and prints 5 dollars, where does the profit comefrom?


Big difference: If you plant a corn seed and harvest 1000, haven't you profited?

Cannot do that with money, it does not reproduce itself nor adds wealth or value to you.

[jimswift]

the state permits SOME usury but not EXCESSIVE usury.


So via fractional reserve lending, a bank essentially lends you nothing and collects interest payments from it, I'd have to say that's excessive. no?

[Ponce]

To me "profit" is what you put in your pocket when you sell something because the price is stablished forehand............."usury" is when you lend something and get away with as much interest as you can.

[FunnyMoney]

Marc Faber already answered your dilema...


Question: Now, would that be in physical gold, or would that be in an ETF, or individual mining companies?

Marc Faber: The mining companies are cheaper than physical gold, but the mining industry has its own set of problems. I would own physical just as insurance, because we cannot trust central bankers anymore — every person has to be his own central bank. I have a negative view of the US dollar in the long run, as I expect a revival of inflation. To some extent, I think real estate will protect you; in particular, I would prefer to have real estate in the countryside, rather than in the city.

http://www.lewrockwell.com/schiff/schiff12.html

[Low_five]

No profit, no survival. Know profit, know survival.

[solid]

Energized chuckles will help to flip things in 2012.

Military stress ball contract squashed by MacKay
http://www.cbc.ca/news/offbeat/story/2012/01/20/canada-military-stress-balls.html
Defence minister rejects plan to buy 20,000 orange stress balls.

OK, so Ponce's squeeze balls are stress balls? I was confused as to what a 'squeeze ball' was, or more so wondering if Ponce's customers were pissed off feminists. I don't think I'd want to deal with a gal who purchases squeeze balls.

[keehah]

Psychology of Tyranny for a Philosophy of Despotism (http://www.infowars.com/psychology-of-tyranny-for-a-philosophy-of-despotism/)
Sartre BATR Forum January 23, 2012


Mr. Roland identifies the following traits associated with a tyrannical regime:

Control of public information and opinion; Use of the law for competition suppression
Vote fraud used to prevent the election of reformers; Creation of a class of officials who are above the law
Undue official influence on trials and juries; Subversion of internal checks and balances
Usurpation of undelegated powers; Conversion of rights into privileges
Seeking a government monopoly on the capability and use of armed force; Increasing public ignorance of their civic duties and reluctance to perform them
Militarization of law enforcement; Political correctness
Infiltration and subversion of citizen groups that could be forces for reform; Increasing dependency of the people on government
Suppression of investigators and whistleblowers; Use of staged events to produce popular support