The Affordable Care Act

[finnbow]

The flawed website rollout only impacted a very small percentage of people. In fact, I don't know a single person who has used it or needed to use it. Ironically, it did provide the technology and science-averse GOP to score some cheap points though.

One thing's for sure. Obamacare has saved my family many thousands of dollars. My gainfully employed son and daughter (both engineers) have been able to stay on my plan instead of paying for separate individual plans. Their very substantial savings have helped them travel the world and buy a house, respectively.

[4-2-7]

Originally Posted by merrylander

Up until the world discovered that industrial uses had raised the price of those precious metals to the point that the silver in a silver dollar was worth $1.50

So if all the paper currencies have gone to zero who is going to buy your gold? It only has use in industry, jewelry and dentistry, so if I have a freezer full of food (well we have two actually) why would I exchange any of it for your effing gold?

ha ha ha your funny. I keep saying the metals are not going up in value. What you see is it's being weighed against a currency to judge value.

So as it takes more paper dollars to exchange for one oz of gold it shows the devaluation of the dollar. Thats why it takes more dollars to exchange for the same oz of gold. We can use a kinder word if you like "Inflation"

You're not "Buying" your exchanging one for the other so this weighing against works both ways. So you should be able to see the difference in value of the dollar in 1938 opposed to today weighed against the same 1oz of gold.

I have two big upright freezer also but it's kind of hard to put them in my pocket. A monetary system sole purpose is a medium of exchange. To exchange one man's labor for other mans labor. The other man may not want your labor in exchange for his so you need something for the trade.

He has plenty of food now and food goes bad over time. Do you have anything else to exchange?

1. Money serves as a medium of exchange

2. Money serves as a unit of account

3. Money serves as a store of value

4. Money can be easily transported

The problem we all face is easily printed fiat is not a store of value. It loses value the longer it's stored. Other forms of money will freeze their value at the time you exchange them.

If grandpa put $40 dollars in the safety deposit box in 1932, a new $20 bill and a $20 gold piece. On his passing you need to close his accounts and clear out the box. Im sure you will eat a lot better with the gold than the federal reserve note. What Grandpa did was store the value of 1932 $20 into the future effectively minimizing the ensuing inflation. He froze the value and thats what you want to do when you think about saving.

You get a ying yang effect looking at a precious metal opposed to a currency. The longer the currency is around the less it's worth until it reaches 0 value.

The metal will continue to look like it's going up in value weighed against that same currency. It's not really your just able to exchange for more labor and goods. It will never go to 0 value.

[Rajoo]

What does this have to do with ACA?

[finnbow]

Originally Posted by BeamOn

What does this have to do with ACA?

Nothing whatsoever. It's also a failed premise.

[4-2-7]

Originally Posted by BeamOn

What does this have to do with ACA?

Nothing

I just keep replying to others comments that keep drifting off topic.

[4-2-7]

Originally Posted by finnbow

Nothing whatsoever. It's also a failed premise.

Should we start a thread on this failed premise?

[merrylander]

Originally Posted by 4-2-7

Nothing

I just keep replying to others comments that keep drifting off topic.

If you want oknow who drifted it off topic buy a mirror.

[finnbow]

Originally Posted by 4-2-7

Should we start a thread on this failed premise?

I don't think so. There's already plenty of information online and elsewhere as to why it's a decidedly bad idea (to everybody but Rand Paul, that is). Besides there's not a snowball's chance in hell of it ever happening - thankfully.

[Rajoo]

Originally Posted by 4-2-7

Should we start a thread on this failed premise?

What is this "we" crap? You have a mouse in your pocket?
Start a thread and find out if any one wants to crap on it.

[whell]

Originally Posted by finnbow

Not to mention duplicative staff and facilities up and down the line for the hundreds of health insurance companies in the country. Maybe Whell has never heard of economies of scale.

In 2011, the GAO reported that impropper payments in the Medicare system totaled nearly $50 billion, which were about 9% of Medicare's total payments that year. You're right. I don't understand mismanagement on that scale.