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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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Can you connect those dots?
If you can't, do you know someone who can?
If you don't, do you think that someone can?
If you do, who?
I can.
The insurance business can only exist when competition is eliminated. What stops you from printing your own money? Do you even know what money is? What stops you from printing your own insurance policy, of any kind, whereby you pay yourself in case of any injury you suffer? If you can't do that, you have to explain why you can't do that, if you want to know what I know, as I can connect the dots that are explained above.
If there were no forces forcing someone to refrain from printing their own money, what happens? The answer is, even if you refuse to know the answer, competition happens.
Whose money will be good money, the highest quality money, and whose money will be not good, the lowest quality money?
Whose money will be transferred from the producer to the consumer at the lowest price?
If you can't conceive of such a thing, then you are exemplifying why a monopoly exists; there is, by your measure of it, a monopoly of ideas, whereby you, by your example, define that monopoly, and you can't even conceive of what it means when a money competition exists. If you, and everyone else, can't conceive of something, it doesn't exist, for you, and everyone else, who are as limited as you.
A money competition causes, by the forces that exist when competition exits, higher quality money production, and lower costs of money - to the consumers of it.
Money quality is what it is.
Money cost is what it is.
Would you buy money that is more or less powerful, if you have the choice?
Would you choose to be paid, for your work, or for the things you sell, with powerless money, or powerful money, if you have a choice between powerless money or powerful money?
If you are going to borrow money, from yourself, or from someone else, which money will you borrow, if you have a choice, will you borrow money that cost you a lot, or will you borrow money that does not cost you a lot, if you have a choice, if competition exists in money markets?
If you don't have to pay twice the cost of a home, where you pay the previous owner of the home, or the builder of the home, the price of the home, and, in addition to that cost to you, you also pay the same amount you pay to the previous owner, you pay double the price of the home, as you pay an entire home price, a home that does not exist, to the people who run the Bank, or the people who run the Mortgage Company, as you pay mortgage INTEREST.
Prices on homes are now low. Is that bad? Why is that bad? If you think I'm stupid, because I know that low housing prices are not (necessarily) bad, then back up your opinion, put your money where your mouth is, and challenge my viewpoint, offer a competitive viewpoint.
Which will be the higher quality viewpoint.
Which will be the lower cost viewpoint.
Who produces the quality?
Who pays the cost?