Search found 540 matches

by peaceful_life
Sun Jul 19, 2015 7:54 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

Every process occurring in nature proceeds in the sense in which the sum of the entropies of all bodies taking part in the process is increased. In the limit, i.e. for reversible processes, the sum of the entropies remains unchanged. It would of been nice if you'd given me an example of your own, n...
by peaceful_life
Sun Jul 19, 2015 7:21 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

johnhemming2 wrote:Second law of thermodynamics
https://en.wikipedia.org/wiki/Second_la ... modynamics

(1850s onwards)
Lovely.

Now if you could just give a bit more clarity and detail, maybe even an example(?), of what you meant by..

'Entropy in the aggregate system cannot be reduced'

....that'd be great.
by peaceful_life
Sun Jul 19, 2015 7:07 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

johnhemming2 wrote:Entropy in the aggregate system cannot be reduced.
Go on, enlighten me with some expansion, please.
by peaceful_life
Sun Jul 19, 2015 7:01 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

I've given up trying to answer that one. Now just pursuing a life-strategy around trying to need as little of it as possible (whatever "it" is!) Based on the irony that you've now afforded yourself the head-space to feel so indifferent to it , temporarily. Breath brother....and think a wh...
by peaceful_life
Sat Jul 18, 2015 11:59 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

Clearing banks can only create broad money. The cannot create narrow money. It is narrow money that is needed for liquidity. John, as far as you're aware, what IS money?...in your opinion. I've given up trying to answer that one. Now just pursuing a life-strategy around trying to need as little of ...
by peaceful_life
Sat Jul 18, 2015 11:10 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

johnhemming2 wrote:Clearing banks can only create broad money. The cannot create narrow money. It is narrow money that is needed for liquidity.
John, as far as you're aware, what IS money?...in your opinion.
by peaceful_life
Sat Jul 18, 2015 10:40 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

It remains, however, that for the bank to pay away the credit balance to someone else (at another bank) it has to have the liquidity. (ie the M0/M1 sort of money). There are two transactions. The first transaction creates a commercial loan. The second one pays away the credit balance. The second is...
by peaceful_life
Sat Jul 18, 2015 10:37 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

There are different definitions of money. However, if you take Steve Baker's example for the bank concerned to actually pay out the credit balance that is created by the mortgage agreement there needs to be liquidity (which comes from somewhere else and is not created by a clearing bank - it is cre...
by peaceful_life
Sat Jul 18, 2015 10:11 pm
Forum: News
Topic: Banking and money
Replies: 95
Views: 23417

OK. So you are in agreement that when a person loans money from a bank, the bank just creates that money electronically, yes? It has nothing to do with anybody-else's savings. No. The ECB linked bank has coins, notes and its Target 2 account. It can only settle payments that it has cash for. (mainl...
by peaceful_life
Sat Jul 18, 2015 4:21 pm
Forum: News
Topic: Greece Watch...
Replies: 1588
Views: 188431

http://www.bbc.co.uk/news/world-europe-33578778 'In a damning assessment, Mr Varoufakis told the BBC's Mark Lobel: "This programme is going to fail whoever undertakes its implementation." Asked how long that would take, he replied: "It has failed already." Been there. Done that....
by peaceful_life
Sat Jul 18, 2015 4:14 pm
Forum: News
Topic: Greece Watch...
Replies: 1588
Views: 188431

http://www.bbc.co.uk/news/world-europe-33578778 'In a damning assessment, Mr Varoufakis told the BBC's Mark Lobel: "This programme is going to fail whoever undertakes its implementation." Asked how long that would take, he replied: "It has failed already." Yep. It has failed alr...
by peaceful_life
Sat Jul 18, 2015 12:42 pm
Forum: News
Topic: Greece Watch...
Replies: 1588
Views: 188431

http://www.bbc.co.uk/news/world-europe-33578778

'In a damning assessment, Mr Varoufakis told the BBC's Mark Lobel: "This programme is going to fail whoever undertakes its implementation."
Asked how long that would take, he replied: "It has failed already."
by peaceful_life
Sat Jul 18, 2015 12:39 pm
Forum: News
Topic: Greece Watch...
Replies: 1588
Views: 188431

Jesus wept. Those poor buggers aren't have much luck at the moment. Indeed, and in real terms beyond the pseudo confines of finance, such as adaptation for climate change, Greece needs not only the freedom, but the encouragement to restructure itself to a position whereby it can do just that, as do...
by peaceful_life
Sat Jul 18, 2015 11:16 am
Forum: News
Topic: Greece Watch...
Replies: 1588
Views: 188431

'PM requests help from military and Europe as strong winds fan flames on edge of capital and in Peloponnese region, forcing evacuations'

http://www.theguardian.com/world/2015/j ... eloponnese
by peaceful_life
Fri Jul 17, 2015 2:50 pm
Forum: Living in the Future
Topic: George Monbiot and re-wilding
Replies: 17
Views: 10585

Hope, is probably as good as it'll get, but that said, if we're even going to try and address secure food systems then 'rewilding' will actually be an underpinning of them. As is so often misrepresented in his article here... http://www.theguardian.com/commentisfree/2015/jul/16/britain-wild-nature-r...