Money is debt
Out of context: Reply #7
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- TheBlueOne0
Look, this whole "Oh my godz! The banks and governments just invent moneyz!" discovery that anyone who first gets the whole Libertarian bug up their ass crack me up. Now, I'm not saying I support or reject the system, or even if the above videos have some serious pebbles or even granite sized of truth or not that we ignore at our greater peril, but the fact is this financial arrangement has been behind the rise of Western Civilization for about close to five hundred years. It's accelerated a bit after going off the gold standard but asset bubbles, inflation, deflation, currency trading and manipulation is pretty much global finance 101.
These Libertarian guys crack me up with the whole "Oh my godz!! No one told me!!" stuff..it's like saying "Oh man..holy shit..the sky..it's fucking blue! BLUE!! Do you understand what this means??!!"
- -1bliznutty
- Going of the gold standard in the 70s is a pretty big deal, though...SigDesign
- Didn't change the underlying mechanics of the system...TheBlueOne