Money is debt
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- ********
http://video.google.com/videopla…
If you got time watch it, its about 45 minutes but I feel it does a good job of explaining the financial situation here in America
- meffid0
I would rather ram sharpened celery sticks covered in crunchy peanut butter up my urethra while listening to the latest My Chemical Romance album. Thanks for the link though.
- thebottlerocket0
Ah, because its on the internet, its must be true, right?
- DrBombay0
I hope JazX dies on welfare.
- omgsputnik2
- yeah wrong thread.DrBombay
- hahah!!TheBlueOne
- LOLzPoint5
- hahahaJnr_Madison
- bliznutty0
Will someone who thinks that everything on the internet is false and only distorts the true reality -
PLEASE REFUTE ANYTHING FROM THIS VIDEO!
(you can't can you?)
- Why are you concerned with what we think? How are you so certain it is the truth?thebottlerocket
- refute it and shut upbliznutty
- refute it AND shut up???thebottlerocket
- YESbliznutty
- powertoni0
needs more lens flare
- ********0
True or not explain how we can magically create 700 billion out of thin air, and while your doing your research look into the amero, and theres another page (I have to find it again) On the federal reserve's website that shows in billions how much money people have been pulling out of various banking institutions per month starting in sept 07 it was around 14 billion and by last month had rose to 224 billion. I'll post it as soon as i can find it
- you guys invented the money press right?meffid
- I am sure those sites you will link to will be as equally reputable as "google:Video"thebottlerocket
- Welcome to the exciting world of finance.TheBlueOne
- Ah, the Amero. The "Black Helicopters" of the 21st century.TheBlueOne
- 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
- ********0
Well I found it interesting... never really given money that much thought before.
- It is interesting, and people don't give it enough thought. But there's nothing secret about it.TheBlueOne
- but if you give it thought, or watch it, you're a dumb libertarian, right TBO?bliznutty
- no, but if you act like it's a conspiracy theory and start talking about the "Amero" you just might be.TheBlueOne
- you're twisting man.. just watch it for what it is and stfubliznutty
- thebottlerocket0
The simple fact is there is no conspiracy here at all, as TBO alludes to. The fact that people report it like they are revealing some dark truth about society says more about them than society they are trying to critique. What is shows is that they are a bunch of gullible and ill-educated morons easily swayed by opinion dressed as fact. Frankly, if the wheels of capitalism crush a couple of these pond-life idiots to death, then benefit of removing them from the gene-pool is a big tick in the plus side of the ledger of capitalism.
- you're thinking out of your assbliznutty
- With such well reasoned responses like that how an I not be convinced!thebottlerocket
- i'm not trying to convince you of anything - you're free to be as shallow as you like :Dbliznutty
- eating_tv0
Isn't this like the fourth post about the same topic? I remember posting one...
- GeorgesII0
I don't understand you US citizen,
you just enter one of the most difficult and troubling financial crisis,
the dollar will be worth as much as toilet paper in less than a year,
but yet you keep on treating everything like a conspiracy of some sort, I think its time for you to either wake up and learn that you've been duped for the last 70 years, or keep on playing the know it all card and get screwed heavily,As much as I love your country, I think you guys need a serious kick in the ass,
seriously take the time to watch this doc, if your brain is too small to take 50 min of facts, just go on google and type, "owners of US federal reserve"
- its 50 minutes of pain for the shallow and brainlessbliznutty
- The dollar will be worth much more than toilet paper a year out.TheBlueOne
- At least TBO is being rational here. He happens to be correct as well.********
- The polls give TBO
Right: 45%
Wrong: 35%
Likes lolcat: 20%GeorgesII
- ********0
You guys don't know what you speak of. Especially Georges, with his egregious hatred for the U.S. clouding any possible logic he might have. thebottlerocket is 100% correct.
- i thought you evaporated along with all that money?bolus
- I'mm 100% Hedge Approved. I'll let me mates at GLG know.thebottlerocket
- bliznutty0
someone please refute just 1 thing presented in this movie - and then i might consider it opinionated, biased, or a conspiracy.
until then stfu
- thebottlerocket0
You're so dumb, you don't even see the point. No one is disputing the 'facts' in that film, we're disputing the morons who latch onto this 'repackaging' as some sort of truth revealing exercise.
Anyone who bothered to listen in high school would know this video is a non-starter: It reveals nothing knew that most people knew already anyway. The fact it's framed with some spooky soundtrack, a couple of Woodrow Wilson quotes, a couple of 'reformer' economist views, and low an behold, its some insightful expose of the capitalist system.
However, if the best you can come back with is 'STFU' then it's hardly surprising you've been duped.
- GeorgesII0
Hatred of the US?
- ********0
You honestly think the majority of people (Americans especially) have any clue about economics? And I didnt post this as some doom and gloom conspiracy theory, just trying to shed some light on the issue and to show people they might want to diversify what they invest in b/c ive lost a bunch in the market already as im sure alot of you have too.
If you like the video cool, if not cool.Also if this is a supposed to be a free market where the market determines the value we are in, then why is there a government bailout of private institutions, that doesn't sound like a capitalist market to me.
- monNom0
all of these videos conveniently gloss of the fact that as money is created, it is offset by bonds, which are an obligation to repay + interest at a later date. Money isn't magicked into existence when you use your credit card, nor is it when a dollar is printed. Using a loan to be productive is a good thing. No different than a barter system where you get firewood in the winter in exchange for grain come harvest time.
- bliznutty0
"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money ."
- Josiah Stamp
http://en.wikipedia.org/wiki/Jos…"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War. "
- Benjamin FranklinAsk yourselves:
Question 1:
Why do governments choose to borrow money from private banks at interest when government could create all the interest-free money, itself?
Question 2:
Why create money as debt at all? Why not create money that circulates permanently and doesn't have to be perpetually re-borrowed at interest in order to exist?
Question 3:
How can a money system dependent on perpetually accelerating growth be used to build a sustainable economy?
Question 4:
If our American forefathers and ancestors died in the American Revolutionary war to prevent privatized banking of a nation, how then is the Federal Reserve Act of 1913 not to be considered treason?
"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom."
- Woodrow Wilson
http://en.wikiquote.org/wiki/Woo…
- bliznutty0
"The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity."
- Abe Lincoln